QUESTION 3
A company has the following budgeted data for its first year of operation:
£ Per unit
Direct materials 1.30
Direct labour 1.50
Variable overhead 0.20
Fixed overhead 1.00
(£150,000 / 150,000 units of normal volume)
Total standard factory cost 4.00
Selling price 5.00
Other expenses:
Fixed selling and administration overhead £65,000
Sales commission 5% of sales value
Production and sales in units
Opening stock Nil
Production 170,000
Sales 140,000
REQUIRED
Prepare a budgeted profit statement for the first year of operation using:
i. absorption costing principles (10 marks)
ii. marginal costing principles (10 marks)
(Total 20 marks)
The insurance pathway includes worker who deliver services that transfer risk from an individual or business to an insurance company to protect individuals and businesses from financial losses.
True
False
In response to the greatest financial crisis since the Great Depression of the 1930s, the ______ administration proposed to overhaul regulation and increase oversight of the financial system.
Answer:
In response to the greatest financial crisis since the Great Depression of the 1930s, the Obama administration proposed to overhaul regulation and increase oversight of the financial system.
Explanation:
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Explain in brief about market development
Answer:
Market development is a strategic step taken by a company to develop the existing market rather than looking for a new market. The company looks for new buyers to pitch the product to a different segment of consumers in an effort to increase sales.
Answer:
Definition: Market development is a strategic step taken by a company to develop the existing market rather than looking for a new market. The company looks for new buyers to pitch the product to a different segment of consumers in an effort to increase sales
Explanation:
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Agribusiness developed as a result of a desire for more environmentally friendly agricultural practices. a desire for more environmentally friendly agricultural practices. increased demand for specialty food products. increased demand for specialty food products. a growing shortage of arable land. a growing shortage of arable land. declining numbers of farmers.
Answer:
declining numbers of farmers
Explanation:
Agribusiness is defined as an industry that is concerned with economic activities related to farming from the farming practices to the final product that gets to the consumer.
Activities like chemical production, breeding, crop production, farm machinery, marketing, and distribution of inputs.
In the agricultural space as a decline in the number of farmers occurred it became necessary for businesses to commercialise various stages of the agricultural value chain.
This resulted in more availablity of required products and services that farmers need to operate. With this support the number of farmers is now growing.
For example in contract farming companies provide the farmer with needed inputs as a loan.
At harvest produce from the farm is used to repay the loan.
This empowers the farmer to keep producing.
Assume all markets are in long-run equilibrium. The market quantity supplied in a duopoly would be ________ the market quantity supplied in a monopoly and ________ the market quantity supplied in a competitive market. a. less than or equal to; less than or equal to b. less than or equal to; greater than or equal to c. less than; equal to d. greater than; equal to e. greater than or equal to; less than or equal to
Answer:
greater than or equal and less than or equal
Explanation:
We assume that all the market belong from long run equilibrium.So the quantity supplied of the market in a duopoly should be either greater or equivalent to the quantity supplied of the market in the monopoly and it should be less or equivalent to the quantity supplied of the market in the competitive market as it is the under competitive market where P = mc
And, under monopoly, there is the condition of the profit maximiation i.e. MR = MC
The American Labor movement was considered radical compared to what was happening in Europe. true or false
Answer:
true took the test brainliest please
School-aged children are regularly asked to fundraise for their school. Typically, they are required to sell a minimum amount. This mandate results in most students selling that minimum, with some exceptional children selling far larger quantities. The minimum sales constraint that likely causes positively skewed data is consistent with a: Group of answer choices
Answer:
This question is incomplete, the options are missing. The options are the following:
a) Ceiling effect.
b) Floor Effect.
And the correct answer is B: Floor effect.
Explanation:
To begin with, in the field of statistics the term known as "Floor Effect" refers to the situation in where the gathering of data regarding an statistic instrument about a subject turns out to have a lower limit to the data values it can reliably specify. And the floor is understood to be as that lower limit in the chart or graphic created in the study of the subject. Moreover, this term is also used in the field of psychology when test are done to subjects in study as well.
Which is the best option for people who need the items immediately but cannot pay cash now? choosing installment plans for both items choosing rent-to-own plans for both items saving up enough money before buying either item splitting the items between installment and rent-to-own plans
Answer:
A. choosing installment plans for both items
Explanation:
on edge
The best option for people who need the items immediately but cannot pay cash now is choosing installment plans for both items. The correct option is (a).
What do you mean by the installments plans?A way of paying for something in which a portion of the price is paid up front and then ongoing payments are made until the loan is fully repaid: Making an instalment plan to pay taxes over time is an additional choice.
A mechanism known as an instalment plan allows the buyer to take possession of the items and utilize them while paying a portion of the price as a down payment and the remaining balance in a series of scheduled instalments.
An agreement called an instalment purchase agreement is used to finance the purchase of assets.
Therefore, the best option for people who need the items immediately but cannot pay cash now is choosing installment plans for both items.
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---------- control sets the price below the market equilibrium in order to make products more affordable.
Answer:
Price ceiling
Explanation:
PRICE CEILING control sets the price below the market equilibrium to make products more affordable.
Price Ceiling is a form of Price control that is used to limit the price of a commodity. This is a method often used to protect consumers from buying expensive products. It makes commodities more affordable as there is a limit to how high the price of commodities can be. The opposite is Price Floor.
Rosa, an entrepreneur, wants to measure the overall health of her small business by using a form of ratio analysis. Her chosen method requires her to measure how often she must restock her firm's inventory, examine how quickly her firm can turn credit sales into cash, and measure the productivity of her firm's fixed assets. In this scenario, the ratio analysis method chosen by Rosa requires the measurement of her firm's _____.
Answer:
activity ratios
Explanation:
Activity ratios are various metrics that are used to see how efficient the operations of a business are in using their capital and assets.
Activity ratios include: stock turnover, debtors turnover ratio, working capital turnover ratio, investment turnover ratio, and so on.
In the given scenario where Rosa wants to measure how often she must restock her firm's inventory, examine how quickly her firm can turn credit sales into cash, and measure the productivity of her firm's fixed assets.
She needs to measure her activity ratios
this form will be sent to Lily by the end of January. She will use this form to...
Answer:
[tex]\large\colorbox{white}{File her income taxes}[/tex]
Explanation:
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what is trading account
Do you think president Biden should give reparations?
The bank that is ordered to pay the money of a check is the
A.drawer
B. drawer
C.banker
D. Bank
Answer:
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Many homeowners and businesses are installing solar electric systems. Greater use of solar electric systems benefits the environment because it A depends on the greater use of fossil fuels B conserves nonrenewable resources C produces gases that cause global warming D reduces the need for the ozone shield
Cranston wants a Settlement Option for his beneficiary that will guarantee the beneficiary an income as long as the beneficiary lives. Cranston should choose: A Interest B Life Income Only C Fixed Period D Fixed Amount
Answer:
sry i don't have this questions answers
Advertising done by Target, Kohl's, and Macy's for the purpose of building store traffic and encouraging consumers to make a purchase now is known as _____ advertising.
1. Which of the following is a benefit of channels of distribution:
a. We can more easily obtain products from all over the world.
b. Producers must spend more money.
c. Retailers must spend more money.
d. We spend more time looking for products we want.
The advantage of distribution channels is that they make it simpler for us to buy goods from around the globe. Option A is correct.
What is the channel distribution?Distribution channels are the routes that goods and services follow from the producer or supplier of the service to the final customer. Channels of distribution are crucial to organizations because they enable efficient delivery of products or services to clients.
Unhappy consumers and subpar service delivery may result from a company's failure to choose the optimal group of enterprises for this purpose. Distribution channels have the benefit of making it easier for us to purchase items from around the world.
Therefore, option A is correct.
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Marginal revenue product is the: a. change in total output resulting from a unit change in the quantity of a variable input. b. price of the output multiplied by the total units of output produced. c. change in total cost resulting from a unit change in the quantity of a variable input. d. ratio of total revenue to the quantity of a variable input employed. e. change in total revenue resulting from a unit change in the quantity of a variable input.
Answer:
An apple, potato, and onion all taste the same if you eat them with your nose plugged
Explanation:
What is the Importance of sales promotion
You want to know if part time employees become more or less happy with their employment over time. Thus, you give a questionnaire to 100 new hires and four months later give the same questionnaire to the same employees. What type of research design have you used
Answer:
:Two students made stem-and-leaf plots for the following data: 530, 545, 550, 555,560, 570. Which is incorrect? Explain the error.
(2 Points)
A; there is no stem for 56.
B; there are no leaves for 55.
Explanation
Why is it important to show your application essay to members of your support group or family before you turn it in?
A. because they might offer to write the final draft of the essay for you
B. because your relatives will remember things about your childhood that you have forgotten
C. because you want to impress them with what you've written about yourself
D.because some of them may have done this themselves and can offer helpful advice
No bit links. 15 points.
Answer:
D) Because some of them may have done this themselves and can offer helpful advice
Explanation:
I know that this is the answer through personal experience.
It is important to show your application essay to members of your support group or family before you turn it in because some of them may have done this themselves and can offer helpful advice. Thus, option 'D' is the correct option.
What is an application essay?An essay or other written statement made by a candidate, frequently a prospective student applying to a college, university, or graduate school, is known as an admission or application essay. It is also occasionally referred to as a personal statement or statement of purpose.
The admissions committee is interested in finding out more about you—your accomplishments, challenges, objectives, passions, personality, values, and character. The college wants to know the individual's effect on you if you are requested to write about an influential person.
Make sure you stand out in your essay, no matter what subject you decide to focus on. Don't just tell readers what you care; show them. Don't provide the admissions committee with a list of grievances if you experienced a problem.
Therefore, option 'D' is the correct option.
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Michelle can work at job A earning $50,000 a year, job B earning $83,000 a year, or job C earning $85,000 a year. If Michelle chooses job C, then her economic rent from working at that job rather than job A is
if michelle chooses job c then her economic rent from working at that job rather than job a is 2,000 dollars
five examples of capital
Answer:
Capital can include funds held in deposit accounts, tangible machinery like production equipment, machinery, storage buildings, and more.
company cars.
patents.
software.
brand names.
bank accounts.
stock.
Answer:
Capital can include funds held in deposit accounts, tangible machinery like production equipment, machinery, storage buildings, and more.
company cars
patents
software
brand names
bank accounts
stock
_____________are expenses incurred when a customer stops buying a product or service from one business and starts buying it from another.
Answer:
Switching cost
Explanation:
Switching costs are the costs when the consumer paid for switching the brands or products. It can be in terms of effort based, time based, etc
It can employ the high switching cost in order to protect the customers from shifting to the another brand
Therefore the switching cost should be considered
The numerator in the calculation of the ratio of liabilities to stockholders' equity is a.Total Assets. b.Total Stockholders' Equity. c.Total Liabilities. d.Total Liabilities – Total Stockholders' Equity.
Explanation:
a.Total Assets
The numerator in the calculation of the ratio of liabilities to stockholders' equity is Total Assets
The numerator for measuring the ratio of liabilities to stockholder equity is total liabilities.
The following information should be considered:
It is the ratio of liabilities and stockholder equity.The liabilities come on the numerator side and the stockholder equity is on the denominator side.The ratios should always be measured in time.Thus all other options are incorrect.
Therefore we can conclude that The numerator for measuring the ratio of liabilities to stockholder equity is total liabilities.
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Andrew Carnegie's system of vertical integration a combined all facets of an industry, from raw material to final product, within a single company. b created an industrial association through which member companies could wield much power. c embraced the notion of buying up competitors and forming a monopoly interest. d required smaller competitors to agree to standardized rates set by larger firms. e None of these
Answer:
A. combined all facets of an industry, from raw material to final product, within a single company
Which of the following statements are not true of satisfied customers?
A. Satisfied customers tend to stay loyal.
B. Customers will spend more money with a company for great customer service.
C. Satisfied customers do not share their experiences with other people.
D. All of the above
OPTION (C) Satisfied customers do not share their experiences with other people. When customers feel satisfied from the services or products from a particular company, they are tend to share their experience with their friends and families. So that they can too get benefitted from the same.
Who are Customers?In sales, commerce, and economics, a customer is the recipient of a good, service, product or an idea - obtained from a seller, vendor, or supplier via a financial transaction or exchange for money or some other valuable consideration.
What is meant by 'Services'?A service is any activity or benefit that one party can offer to another, which is essentially intangible and does not result in the ownership of anything. Its production may or may not be tied to a physical product.
What is a Company?A company, abbreviated as co., is a legal entity representing an association of people, whether legal, natural, or a mixture of both, with a specific task or objective. Company members share a common purpose and unite to achieve specific, declared goals.
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According to the chart, the three fastest growing career areas include
Other Services
Trade, Transportation, & Utilities Services
Professional and Business Services
Leisure and Hospitality Services
Information Services
Government Services
Financial Services
Education and Health Services
Mining
Manufacturing
Construction
Agriculture, Forestry, and Fishing
-10 010 20
30
construction, professional and business services, and education and health services
a.
Answer:
Education and Health ServicesProfessional and Business Services Leisure and Hospitality ServicesExplanation:
The graph shown below works by assigning a longer bar to the fields that are the fastest growing. The field that has the longest bar is therefore the fastest growing and this is the Education and Health Services sector.
The Professional and Business Services area has the second longest bar so this is the second fastest growing. In third place we have the Leisure and Hospitality services area.
Answer:
b.
professional and business services, education and health services, and leisure and hospitality services
Explanation: