Lucie Corporation's purchasing manager obtained a special price on an aluminum alloy from a new supplier, resulting in a direct-material price variance of $9,500F. The alloy produced more waste than normal, as evidenced by a direct-material quantity variance of $2,000U, and was also difficult to use. This slowed worker efficiency, generating a $2,500U labor efficiency variance. To help remedy the situation, the production manager used senior line employees, which gave rise to a $900U labor rate variance. If overall product quality did not suffer, what variance amount is best used in judging the appropriateness of the purchasing manager's decision to acquire substandard material?
Answer:
he alloy produced more waste than normal, as evidenced by a direct-material quantity variance of $2,000U, and was also difficult to use. This slowed worker ...
1 answer
·
Top answer:
Favorable Direct-material price variance 9500 F Les...
Explanation:
If a shortage exists in the hamburger market, then the current price must belower than the equilibrium price. For the market to reach equilibrium, you would expect
For the market to reach equilibrium, you would expect prices to rise.
What is a shortage?A shortage exists when quantity demanded exceeds quantity supplied. This is because price is below equilibrium price. Equilibrium price is the price at which quantity demanded is equal to quantity supplied.
For a shortage to be resolved, prices would rise until equilibrium price is reached.
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There are different kinds of market. For the market to reach equilibrium, you would expect buyers to offer higher prices.
What happens if there is a shortage of a good at the certain price?When there is a kind of surplus existing in the market, price tends to fall so as to entice additional quantity to be demanded and lower the quantity supplied until the surplus is removed.
When shortage exists, price tends to rise so as to entice additional supply and lower quantity demanded until the shortage is removed.
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You are the CFO of Designer Brands and expect your firm to generate FCFs of $550,000 per year (starting next year) for 10 years. After that, annual FCFs will grow by 1% per year forever. Therefore, FCF in year 11 would be higher than FCF in year 10, FCF in year 12 would be higher than year 11, and so on. You expect a cost of capital of 4% for Designer Brands. How much would you value Designer Brands
I would value the Designer Brand as $16,970,189.21.
What is the value of the designer brand?The value of the designer brand can be determined using the two-stage FCF growth model.
FCF each year from year 1 to 10 = $550,000
FCF from year 11 = ($550,000 x 1.01) / (0.04 - 0.01) = $18,516,666.67
The present value of the FCF would be determined next:
($550,000 / 1.04) + ($550,000 / 1.04^2) + ($550,000 / 1.04^3) + ($550,000 / 1.04^4) + ($550,000 / 1.04^5) + ($550,000 / 1.04^6) + ($550,000 / 1.04^7) + ($550,000 / 1.04^8) + ($550,000 / 1.04^9) + ($550,000 / 1.04^10) + ( $18,516,666.67 / 1.04^10) = $16,970,189.21
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Which of the following are correct regarding why management uses internal controls? (Check all that apply.) Multiple select question. uphold company policies. promote efficient operations. reduce vendor payables. increase revenues. protect assets. ensure reliable accounting.
The options that explain why management uses internal controls are:
Uphold company policies.Protect assets.Promote efficient operations. Ensure reliable accounting.What are Internal Controls?Internal controls refer to those measures that are put in place by the organization to allow for conformance with the organizational objectives.
When internal controls are put in place, the vision of the company will be achieved because the employees adhere to the policies of the organization.
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Punishable by imprisonment for 2 - 10 years in the institutional division; in addition to, may be fined up to $10,000.
A Capitol Felony
B 1st Degree Felony
C 2nd Degree Felony
D 3rd Degree Felony
E State Jail Felony
Answer:
A conviction for a third degree felony carries between 2 and 10 years in jail. It also carries a fine of up to $10,000. So C
Explanation:
A 3rd Degree Felony: Punishable by imprisonment for 2 - 10 years in the institutional division; in addition, may be fined up to $10,000. Thus, option D is the correct option.
What is a 3rd Degree Felony?The offences that fall under the category of third-degree felonies and the charges that may be brought against a person for them vary greatly depending on the jurisdiction. Courts use unique felony categorization systems in various regions. To characterize crimes, they may employ number (1-3 or 1-6) or letter (A-D or A-I) systems.
The most serious crimes are often denoted by the lowest numbers or letters, however, all felonies are serious offences that carry mandatory prison sentences as well as additional consequences like fines. Often, sentences are accompanied by a temporary loss of rights, such as the ability to vote. Furthermore, it could be challenging to properly reintegrate into society if you have a criminal record.
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Lake acquired a controlling interest in Boxwood several years ago. During the current fiscal period, the two companies individually reported the following income (exclusive of any investment income):
Lake $ 363,000
Boxwood 120,000
Lake paid a $60,000 cash dividend during the current year, and Boxwood distributed $5,000.
Boxwood sells inventory to Lake each period. Intra-entity gross profits of $22,400 were present in Lake's beginning inventory for the current year, and its ending inventory carried $41,500 in intra-entity gross profits.
View each of the following questions as an independent situation. The effective tax rate for both companies is 21 percent.
If Lake owns a 60 percent interest in Boxwood, what total income tax expense must be reported on a consolidated income statement for this period? (Round the intermediate calculations and final answers to the nearest dollar amount.)
If Lake owns a 60 percent interest in Boxwood, what total amount of income taxes must be paid by these two companies for the current year? (Round the intermediate calculations and final answers to the nearest dollar amount.)
If Lake owns a 90 percent interest in Boxwood and a consolidated tax return is filed, what amount of income tax expense would be reported on a consolidated income statement for the year?
a) With Lake's 60% controlling interest in Boxwood, the total income tax expense reported on a consolidated income statement for this period is $99,023 ($471,540 x 21%).
b) With Lake's 60% controlling interest in Boxwood, the total amount of income taxes payable for the current year is $101,400 ($363,000 + $120,000) x 21%.
c) With Lake's 90% controlling interest in Boxwood, the amount of income tax expense to be reported on the consolidated income statement for the year is $97,820 ($465,810 x 21%).
What is controlling interest?Controlling interest exists when a company or an individual owns more than 50% of the shareholdings of another company. This gives the investor shareholder a majority voting share to influence decisions of the subsidiary company.
Data and Calculations:Lake Boxwood
Income reported $363,000 $120,000
Dividend paid 60,000 5,000
Dividend income 3,000 ($5,000 x 60%)
Increase in intra-entity gross profits = $19,100 ($41,500 - $22,400).
Excludable intra-entity gross profits = $11,460 ($19,100 x 60%).
Consolidated Income = $471,540 ($363,000 + $120,000 - $11,460)
Excludable intra-entity gross profits = $17,190 ($19,100 x 90%).
Consolidated Income = $465,810 ($363,000 + $120,000 - $17,190)
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How to,
Evaluate yourself in the learning, time and effort you have put into this course. What grade you think deserve?
Answer:
i think that i would have to give myself maybe a B+ or C+
Explanation:
Social Security payments are indexed for inflation using a. the CPI. b. the PPI. c. real interest rates. d. the GDP deflator.
Social Security payments are the yardstick for inflation that often uses the CPI.
Does Social Security use CPI?Social Security benefits are known to be the indexed for inflation based on the result given by the CPI-W.
The CPI is used often in the adjusting of income-tax brackets and also used to know the interest rates for Treasury Inflation Protected Securities known as TIPS .
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What is the expected rate of return for a stock that has a beta of 1 if the expected return on the market is 14%
Answer:
Therefore, the expected rate of return is 15 %.
One example of a(n) __________ effect of foreign direct investment is when jobs are created because of increased local spending by employees of an MNE.
An example of direct effect of foreign direct investment is when jobs are created because of increased local spending by employees of an MNE.
What is foreign direct investment ?A foreign direct investment can be regarded as purchase of an interest in a company and this is done outside border of a country.
It is a business decision to get substantial stake as regards a foreign business .
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When she visited Italy, Catherine noticed that restaurants were slower to deliver food and expected customers to stay longer than she was used to in the U.S. This is an example of a:
Given that the restauranys were slower to deliver food than what she was used tpo in the United States, this is an example of folkway.
What is folkway?
Folk way can be reagrded to mean the traditional way or maethod of doing things in a certain group of people.
This is the answer due to the fac tthat the people are different from the Americans, their own methods differ from others.
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If you deposit $8,000 in a bank account that pays 3% interest annually, how much will be in your account after 5 years
Deposit, P = $8000
Interest rate, r = 3%
Period, t = 5 years
Future value = P * (1+r)t
Amount in account after 5 years = 8000 * (1+3%)5 = $ 9274.19
Hudson Manufacturing prides itself on using a renewable energy source to run its plant. What is an example of a renewable energy source this company might use
The an example of a renewable energy source this company might use are biofuels, geothermal power, hydro electrical power or solar power.
What is renewable energy?This is known to be a type of energy that originates from a source that is known to not in danger of being used up by people because it can be gotten back relatively fast.
The examples of renewable energy source are biomass, biofuels, geothermal power, hydro electrical power and others.
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Economies of scale exists when
Answer:
Economies of scale exits when more units of a goods or services are produced on a larger scale with (no average) fewer inputs costs.
External economies of scale can also be realized whereby an entire industry benefits from a development such as improved infrastructure.
Terry's Trees has reached its break-even point and has a contribution margin ratio of 70%. For each $1 increase in sales ______.
Answer:
- total contribution margin will increase by $0.70
- net operating income will increase by $0.70
Explanation:
*Will award brainliest if correct answer is given!*
Confidentiality is the:
a. the safekeeping of patient information by controlling access to hard copy and computerized records
b. restriction of access to patient information to those with proper authorization
c. private information shared between a patient and health care provider
d. the right of individuals to keep their information from being disclosed to others
Answer: Its A Iam sure i got an 100% I promise just check ok tell me to watch
Explanation:
Question 2 of 20
Which of the following is a problem for the production of public goods?
A. An increasing demand curve.
B. The possibility of free riders.
C. Inefficient production.
D. Rivalry among consumers.
Answer:
B. Possibility of free riders
Explanation:
Took the unit test :)
The accounts receivable aging report:
a. includes a chronological summary of all transactions posted to individual patient ledgers/accounts on a specific day
b. contains a computer-generated list of procedures, services, and supplies with charges for each
c. contains the same information as a paper-based remittance advice
d. shows the status (by date) of outstanding claims from each payer, as well as payments due from patients
Answer:
A. includes a chronological summary of all transactions posted to individual patient ledgers/accounts on a specific day
The accounts receivable aging report: d. shows the status (by date) of outstanding claims from each payer, as well as payments due from patients.
What is accounts receivable aging report?Accounts receivable aging report is a report that help to record customers or clients balances that are yet to be paid as well as the date which shows how long the invoice balances has remain outstanding.
The accounts receivable aging report important as it help to summarize and categorize a company or an organization account receivable that are due from customers at a particular period of time.
Inconclusion the accounts receivable aging report: d. shows the status (by date) of outstanding claims from each payer, as well as payments due from patients.
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Jacinta is a supervisor at a customer service call center. She set a ________ objective for her subordinates to decrease their average call times by 12%.
She set a performance objective for her subordinates to decrease their average call times by 12%.
What is performance objective?Performance objectives is an objectives or goals set for employees so as to enables them achieve the company set objective or to achieve the company or organization goals.
Most supervisor tend to make use of performance objective for their subordinate for the success of the company by decreasing anything that may affect their subordinates productivity toward the company growths.
Inconclusion she set a performance objective for her subordinates to decrease their average call times by 12%.
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What should you do when the job you interviewed for is not what you wanted?
a.
Accept the position
b.
Reject the position
c.
Ignore all offers
d.
None of the above
Please select the best answer from the choices provided
A
B
C
D
Answer:
> The answer to your query would be the second option.
Explanation:
> We can go through the process if elimination to find the best answer choice possible.
> The first one; “Accept the position” is not the correct choice, as you don’t want the job. Therefore, you should try your best to keep yourself away from it. Accepting the job and working for them is not what you want, so this is not the correct answer.
> The second one; “Reject the positions” is correct, as you would want to politely say no to the job offer, and continue with something else. A way of rejecting the offer would be to write an email or letter stating that you are no longer interested in the job position, and kindly say no to it. Once again, this is the correct answer.
> The third one: “Ignore all offers” is not the correct answer, as this is rude and impolite. This may also backfire on you if they have connections with other companies you may be interested in working for.
> The fourth one: “None of the above”, is not the correct answer, as we found that the second answer is correct.
> We have successfully completed the process of elimination, and found that the second answer is the correct one. Once again, the correct answer is B) Reject the position
> I hope this successfully solved your problem, and answered any other queries you may have had on the subject. #LearningWithBrainly
Answer:
its b
Explanation:
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Brutus Buckeye Co announces the existence of substantial new oil reserves. The exploitation of these reserves is expected to increase the company's free cash flow by $100 million per year for eight years. If investors had not been expecting this news, what is the most likely effect on the company's stock price upon the announcement, given that the company has 80 million shares outstanding, no debt, and an equity cost of capital of 11%
The most likely effect on the company's stock price upon the announcement is $6.43.
Likely effect on the company's stock priceFirst step is to find the present value of 100 million for 8 years at 11% using PV table.
PV of 100 million for 8 years at 11%:
PV= $514.6123 million per share
Second step is to calculate the Effect on stock price
Effect on stock price= $514.6123 million / 80 million
Effect on stock price = $6.43
Inconclusion the most likely effect on the company's stock price upon the announcement is $6.43.
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Tracie will receive payments of $550 a month for ten years. What are these payments worth today at a discount rate of 6 percent, compounded monthly
The worth of these payments to Tracie today at a discount rate of 6% compounded monthly is $49,540.40.
What is the present value?The present value is the discounted value of future cash flows. It can be calculated using an online finance calculator as below:
Data and Calculations:Periodic receipts = $550 per month
Period of receipts = 10 years
Interest interest = 6% compounded monthly
N (# of periods) = 120 (10 years x 12 months)
I/Y (Interest per year) = 6%
PMT (Periodic Payment) = $550
FV (Future Value) = $0
P/Y (# of periods per year) = 12
C/Y (# of times interest compound per year) = 12
Results:
PV = $49,540.40
Sum of all periodic payments = $66,000.00 ($550 x 120)
Total Interest = $16,459.60
Thus, the worth of these payments to Tracie today at a discount rate of 6% compounded monthly is $49,540.40.
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I need help.
Extra points for this one.
Subject: Business/Economics
Answer:
Third option is correct. A monopoly involves no competition at all.
Explanation:
hope this helps :)
Business ethics requires all except the following: Group of answer choices weighing the benefits of a decision compared to its harm consideration of duties owed to other human beings the characteristics possessed by a virtuous person contemplation of Christian principles of faith the care we have for the well-being of those affected by business decisions
Business ethics requires all the following options except the contemplation of Christian principles of faith.
What is Business Ethics?The principles for morally acceptable and unethical corporate conduct are referred to as business ethics.
Business ethics are established by corporations to encourage employee ethics and acquire confidence from important stakeholders such as shareholders and consumers.
From the given information, the ethics of business that is not acceptable is:
The contemplation of Christian principles of faith.This is because it challenges an individual personal faith and doesn't have any relation to business.
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Which of the following statements about purpose in communication is true?
O A. The purpose of a communication is always persuasive.
O B. Purpose statements are too specific and do not help one think strategically about the best content to use.
OC. Thinking about the desired outcome often helps communicators refine the purpose of their communication.
OD. Purpose and outcome are the same.
O E. Business messages that are purely informative do not need a purpose.
The true statement thinking about the desired outcome often helps communicators refine the purpose of their communication.
Purpose of communicationCommunication is simply the act of transferring information from one place, person or group to another.
For every communication, there is presence of at least one sender and a recipient.Communication is key to inform, express feelings, imagine, to influence, and to meet social expectations.Based on the explanations, thinking about the desired outcome often helps communicators refine the purpose of their communication.
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Uncle Ulysses can obtain an additional 10 hours of painting capacity free of charge by training his
interns to paint. If he did this, how would his profits be affected?
A) Profit would increase by $6.92.
B) Profits would increase by $1.58.
C) Profits would decrease by $20.
D) Cannot tell from the information provided
Answer:
C
Explanation:
So basically you do that then multiple that 2x
Uncle Ulysses can obtain an additional 10 hours of painting capacity free of charge by training his interns to paint. His profits cannot tell from the information provided. thus option (D) is correct.
What is a Painting?
A painting is the expression of ideas and emotions of the artist. An artist uses his creative aesthetic qualities in a two-dimensional visual language in the form of painting.
The artist use various elements like shapes, lines, colors, tones, and textures in various ways to produce sensations of volume, space, movement, and light on a flat surface.
A painting can be created on any surface from small stone to big building. Every character in a painting depicts some emotions and gives life to it. From paleolithic age to the modern era, the paintings are an important part of art.
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Gfbhrfjugbcfvjgfbnkgfbjjff if fvhhhgfvvb
Answer:
I agree, I see the strength in your work
If the risk-free rate is 3.80 percent and the risk premium is 2.8 percent, what is the required return
Answer: 6.6%
Explanation:
The expected rate of return is simply the risk free rate + the risk premium. So, 3.8% + 2.8% = 6.6%.
- The risk free rate is the return an investor would receive without any risk.
- The risk premium is the return an investor would receive over and above the risk free rate.
- Conceptually, if we rearrange this formula, if an investor require a rate of return of 6.6%, then the risk premium is simply the excess rate over the risk free rate. So, 6.6% - 3.8% = 2.8%. Here we can check that our work is correct.
Providers can use software to convert claims to an electronic:
a. flat file format
b. data interchange
c. remittance advice
d. funds transfer
Answer:
Flat file format
Explanation:
This is a format used to store reportsProviders store their claims as a document.That document is flat file .Option A is correct
Providers can use software to convert claims to an electronic flat file format. Thus the correct option is A.
What is software?A computer's operating system and various activities are carried out by a program, which is a compilation of instructions, data, or applications called software.
This software are mainly of three types which include system software, like compiler and interpreter, application software like Microsoft word, and utility software like Antivirus program.
A flat file that includes just one datasheet. Table by table, the user can set data attributes like columns and data types, and those elements are stored separately from applications.
Complaints can be converted to a digital flat file format using software by providers. The Providers can store their claims in a flat file using this format, which is used to record reports.
Therefore, option A flat file format is appropriate.
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Those in China with more than one child are expected to pay for education and health care for their second children. What does this policy
imply?
A.
That education and health care are free for the first child.
B.
There are not enough places for all children in Chinese schools.
C.
That very few people in China can afford education and health care.
D.
The Chinese government is not interested in the health or education of children.
Answer:
A.
That education and health care are free for the first child.