Each component of a(n) master budget is based on or provides input for another component.
What is budget?Budget can be defined as process of planning on how to spend an amount over a particular period of time.
Hence, master budget enables companies or organization to forecast or plan the amount of money they intend to spend over a specific period of time.
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You have been asked by the CEO of Mountaineer Company to assist in analyzing product costs. This analysis is used in internal decision making and in reporting to investors. The following Tableau Dashboard provides data needed for the analysis. 1. (a) Do the accounts shown in the Tableau Dashboard suggest Mountaineer Company is a manufacturer or a merchandiser
The accounts are shown below for Mountaineer Company
Mountaineer Company
Income statement
For the ended December 31
Sales revenue $1,000,000Cost of goods sold Finished goods inventory beginning $50,000 Add cost of goods manufactured $444,000 Cost of goods available for sale $494,000Less finished goods inventory, ending ($54,000) Cost of goods sold ($440,000) Gross profit $560,000Operating expenses General and administrative expenses $75,000 Selling expenses $103,500 Less Total operating expenses ($178,500) Net income $381,500Cost of goods manufactured
Direct materials Beginning raw materials inventory $60,000 Add purchase $140,000 Total raw materials available $200,000 Less ending raw materials inventory ($64,000) Raw materials used $136,000Direct labor $180,000Manufacturing overhead Factory rent $45,000 Repair expenses $11,500 Factory utilities $9,500 Factory supplies $14,000 Indirect labor $38,000 Total manufacturing cost $118,000Add beginning work in process inventory $43,000Less ending work in process inventory ($33,000) Cost of goods manufactured $444,000To learn more about income statement, click the links.
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What is the total amount of property, plant, and equipment assuming the accounts above reflect normal activity?
The total amount of property, plant, and equipment assuming the accounts above reflect normal activity is: $98,000.
How did we arrive at the above number?All things equal, PPE or Property Plant and Equipment is simply all the items that fit the above description.
From the accounting information given, these would be:
Land - $90,000
Equipment - $ 8,000
Total = $98,000
What is normal activity in accounting?Normal activity is the average production volume over a long period of time, taking into account seasonal variations.
The standard factory overhead rate is computed based on this activity level and then applied to the number of units produced.
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Full Question:
The following financial information is from Cook Company:
Accounts Payable $55,000
Land $90,000
Inventory $10,500
Accounts Receivable $7,500
Equipment $8,000
Deferred Revenue $58,500
Short-term Investments $20,000
Notes Receivable (due in 8 months) $45,500
Interest Payable $2,000
Patents $75,000
What is the total amount of property, plant, and equipment assuming the accounts above reflect normal activity?
If an entrepreneur needs help with valuation, they should ______. turn to online sites like BizBuySell and BizQuest rely on the knowledge provided to them by their bank seek out the advice of trusted friends follow their own instinct
If an entrepreneur needs help with valuation, they should turn to online sites like BizBuySell and BizQuest.
How can sites like BigBuySell help entrepreneurs?This type of website aims to help entrepreneurs with new business ideas, management tools, and gather opportunities to buy, sell and promote a business.
To be a successful entrepreneur, it is necessary for the individual to have knowledge of the market and the inherent risks, which can be positive, such as opportunities for business expansion, or negative, such as accumulated debt.
Some characteristics of successful and competitive entrepreneurs in the market are:
PlannersCommunication skillsMarket viewInnovationTherefore, persistence and planning is essential when starting a new business, generating creative and innovative solutions that meet the wants and needs of potential consumers.
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Which marketing era refers to the time period from our country's first settlers through the early 1900s?
Production era; refers to the time period from our country's first settlers through the early 1900s. (1860-1930) Due to the scarcity of products, consumers made do with whatever was produced.
More about the Production era:
The Industrial Revolution marked the start of the production era. Products were mass-produced and affordably priced. Businesses often only made one product at a time. Businesses also had the attitude that "if created, someone would buy" at this time, which increased profitability. Businesses could sell everything they made given the prevailing market.
The period from the end of the American Civil War and the 1920s, when reducing production costs was the top priority for many businesses. The emphasis on customers, service, and profit defined the marketing concept era.
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The degree of supplier integration may vary, from ________ to ________ at the extremes.
The degree of supplier integration may vary, from Collaborative forecasting supplier integrated manufacturing at the extremes.
This is further explained below.
What is Collaborative forecasting?Generally, Utilizing current information and technology, collaborative forecasting or forecast collaboration forces a move from independent, anticipated demand to dependent, predictable demand. This basically denotes the exchange of demand information in real-time amongst supply chain participants.
In conclusion, It is possible for there to be variations in the degree of supplier integration, with collaborative forecasting supplier integrated production at either end of the spectrum.
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As a general rule, an illegal contract is automatically _______, so neither party may enforce it against the other.
As a general rule, an illegal contract is automatically void, so neither party may enforce it against the other.
What is Illegal contract ?A contract is illegal if it involves doing something that is a criminal act or a civil wrong, or against the public good.
An Illegal contract or agreement is a contraction in terms when a contract is a legal obligation, illegal contract is viewed as a contradiction in terms.
An Illegal contract is called a contradiction for the following reasons listed below:
When a contract has a term that is obligatory, it is called a legal contract.
According to the rules of terms, when a contract is not done legally, it is considered an illegal contract. On the common law of a contract or agreement, when a court does not apply or impose in any case or otherwise for a contract, it is seen as illegal.
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For a business to grow, prosper, and create economic opportunity, many people have to be willing to invest money in it. An advantage of a corporation is its ability to raise money through the sale of
Corporates raise money through selling their shares. The correct answer is shares. By selling the shares, the corporates get an opportunity to grow, prosper and create economic opportunity.
Why do Corporates sell shares?All businesses require capital to function. Selling shares in a sale of ownership can be done for a variety of reasons, including debt consolidation, funding business expansion, or risk diversification. Selling shares in a company might bring in a sizable sum of money that can be put toward debt repayment, investments, or charitable contributions. The money may also be reinvested in the company to finance growth. Similar to how selling a portion of a company can lower risk and help owners diversify their own holdings.
Other factors may also motivate business owners to sell their shares. Selling shares gradually can help you plan for eventual succession and transfer ownership in a way that will cause the eventual new owners to experience the least amount of tax shock possible. Finally, selling shares in a company can be the result of burnout or a refusal to expand the company further.
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Price elasticity of illegal versus legal cannabis: a behavioral economic substitutability analysis free
"Price elasticity of illegal versus legal cannabis: a behavioral economic substitutability analysis free"
This study used behavioral economics to investigate the substitutability of legal and illegal cannabis in legalized catchment areas in the United States.
The federal government classifies cannabis as a Schedule I controlled substance. This means that it is a federal crime to possess and use cannabis in any form, even for medical purposes. It is also illegal to grow and sell them. The Controlled Substances Act (CSA) identifies marijuana (“marijuana” in the Act) as a Schedule I drug. is defined as a cannabis plant containing Greater than 0.3% on a dry weight basis.
Legalization means that a drug, once banned, is legalized under federal or state law. Decriminalization means that once-banned drugs remain banned by law, but the legal system does not allow individuals to be prosecuted or criminalized if they drop below a certain amount. there is no.
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You are the decision maker for purchasing office equipment in your organization. one sales representative privately offers you season tickets to the texas rangers if you help him out. this tactic is_______.
You are the decision maker for purchasing office equipment in your organization. one sales representative privately offers you season tickets to the texas rangers if you help him out. this tactic is a bribe.
Bribery is the act of offering, giving, receiving, or soliciting anything of value in order to persuade an official or another person in charge of legal or public responsibility to take a particular course of action.
Bribery is defined as "Corrupt solicitation, acceptance, or transfer of value in exchange for official action" in reference to governmental activities.
Bribery does not include the giving of money or other valuables that are otherwise accessible to everyone equally and are not done so dishonestly.
A lawful rebate that is extended to all buyers is not bribery; it is the offering of a discount or a return.
Hence, the tactic mentioned in the given question is a bribe.
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If a call option has a $10 strike price, and the underlying stock is trading at $11, then the option is considered: a. in the money. b. at the money. c. out of the money. d. worthless.
In the money
Put option holders have the choice, but not the duty, to sell shares of the underlying security by a specific date and at a certain price.
When the strike price of a put option is more than the market value of the underlying securities, the option is said to be in the money.
Put options are frequently used by investors as downside protection to limit or stop a value decline.
If the price of the underlying asset increases, puts can offer investors limited risk exposure to the short market.
The time value of a put option, which is the additional premium an investor will pay above the option's intrinsic value, can also have an impact on the option's value.
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Suppose that your friend owns a coffee shop and seeks your advice on changing the price of coffee to increase revenue. If you know that demand for coffee is relatively elastic, what advice will you give your friend
If the demand for coffee is relatively elastic the advice that would be given to the friend would be for him to decrease price.
What is relatively elastic demand?
Relatively elastic demand is the type of demand that tells us that there would be a greater change in the demand of the good than the change that occurred in the price of that good.
In this case more people would demand less of the coffee due to the increase in the price.
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A lease includes a provision saying that a tenant who needs to break their lease can find someone else to take over the remainder of the lease. What is the term for this?
A clause in a lease states that a tenant who must break their lease may locate another person to take over the remaining terms of the agreement; this process is known as a sublease.
An stake in a leasehold estate is regarded as personal property.
When a landlord leases space to a tenant, the landlord is required to do whatever is required to furnish a habitable housing unit at the landlord's expense. This is sometimes referred to as the Habitability Covenant.
When a leasehold estate is of the estate at will variety, occupation is for an ambiguous period of time and is terminable by either the landlord or the tenant.
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Does the way to amortize the loan seem correct? what alternatives could be considered?
A few amortizing loans will permit early compensation, thereby erasing any additional hobby you'd in any other case have to pay. With an easy hobby loan, you're much more likely to incur a prepayment penalty, as you are paying an equal amount to hobby on every scheduled fee and the lender is relying on that money.
An amortized loan is a form of mortgage that requires the borrower to make scheduled, periodic bills which might be implemented to both the major and hobby. An amortized loan price first can pay off the hobby expense for the duration; any final amount is positioned toward decreasing the most important quantity.
In its middle, mortgage amortization facilitates your price range for massive debts like mortgages or vehicle loans. it's also a beneficial device to demonstrate how borrowing works. by way of know-how of your fee system up the front, you can see that on occasion decreasing month-to-month installments can bring about larger interest bills over the years, for an instance.
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What occurs when a company keeps tabs of competitor's activities on the web using software that automatically tracks all competitor website activities such as discounts and new products
BI can help managers with competitive monitoring where a company keeps tabs on its competitor's activities on the web using software that automatically tracks all competitor website activities such as discounts and new products.
BI - BUSINESS INTELLIGENCE - Business intelligence refers to the techniques and tools employed by organizations for the administration and analysis of business data.
BI assists users in making decisions based on data analysis. Advanced statistics and predictive analytics are used by data scientists to delve into the details of data in order to find patterns and predict new patterns.
They consist of extensive platforms, data visualization, embedded software programs, location intelligence software, and self-service apps created for non-technical users.
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citi The sponsor must submit an IND Safety Report to the FDA if an adverse event is (1) serious; (2) unexpected; and:
The sponsor must submit an IND Safety Report to the FDA if an adverse event is
seriousunexpectedthere is a reasonable possibility that the drug caused the event.What is Food and Drug Administration (FDA) ?Located under the Department of Health and Human Services, the Food and Drug Administration (FDA or USFDA) is a federal organization.The FDA is in charge of ensuring the safety of food, tobacco products, dietary supplements, prescription and over-the-counter medications, vaccines, biopharmaceuticals, blood transfusions, medical devices, electromagnetic radiation emitting devices (ERED), cosmetics, animal foods & feed, and veterinary products in order to protect and advance public health.The Federal Food, Drug, and Cosmetic Act (FD&C) is the FDA's major area of enforcement, although the organization also upholds related regulations and other laws, most notably Section 361 of the Public Health Service Act. A large portion of this regulatory-enforcement job concerns the regulation of condoms, lasers, cell phones, and other items, as well as the prevention and control of disease in settings ranging from domestic pets to donated human sperm for assisted reproduction.Know more about FDA https://brainly.com/question/9072310
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Marci is 11 years old. She walks her neighbors' dogs for cash. Her income from this service is probably part of the informal economy.
Her income from this service is probably part of the informal economy is true.
An informal income (informal region or gray economic system)is the part of any economic system that is neither taxed nor monitored by using any shape of the presidency.
Although the informal region makes up a widespread portion of the economies in developing nations, it's miles every now and then stigmatized as difficult and unmanageable.
However, the informal region affords important economic possibilities for the negative and has been increasing swiftly because the 1960s. Integrating the informal financial system into the formal quarter is a vital coverage assignment.
In lots of cases, not like the formal economic system, sports of the informal economic system are not blanketed in a rustic's gross national product (GNP) or gross home product (GDP).
Your question is incomplete. Please read below to find the missing content.
Marci is 11 years old. She walks her neighbors' dogs for cash. Her income from this service is probably part of the informal economy.
True
false
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A hiring authority is not utilizing contractors or temporary workers. What is the most likely explanation?
The most likely explanation why the hiring authority is not using contractors or temporary instructors is a, The hiring authority thinks that full-time hires are more productive.
Why might hiring authorities prefer full time workers?If a hiring authority feels that full time hires are better at their jobs and more productive, they will hire more of them.
This would lead to temporary workers and contractors being used for projects less.
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Suppose in 2020, you purchase a house built in 2014. Which of the following would be included in the gross domestic product for 2020
Suppose in 2020, you purchase a house built in 2014. The value of the services of the real estate agent. the value of the services of the real estate agent would be included in the gross domestic product for 2020 This is further explained below.
What is the gross domestic product?Generally, Final products and services—i.e., those purchased by consumers—are included in GDP, which estimates the value of goods and services produced in a specific period of time.
In conclusion, Imagine that in the year 2020 you decide to buy a home that was constructed in 2014. The price that should be paid for the real estate agent's services. The total value of the real estate agent's services would be included in the calculation of the gross domestic product for the year 2020.
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Robert died on March 2, 2020. Which of the following is an example of income in respect of a decedent (IRD)
If an individual receives IRD and includes it on their return, they are not allowed to claim a deduction for the estate tax paid on that income if Form 706 was filed.
What is IRD?Income in respect of a decedent (IRD) refers to untaxed income that a decedent had earned or had a right to receive during their lifetime. IRD is taxed to the individual beneficiary or entity that inherits this income.However, IRD also counts toward the decedent’s estate for federal estate tax purposes, potentially drawing a double tax hit. Fortunately, the beneficiary may be able to take a tax deduction from the estate tax paid on IRD. The beneficiary must declare IRD as income for the year in which the person received it.To learn more about Income in respect of a decedent (IRD) with given link
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Databases, blogs, and social networking help companies gather to meet consumer needs through the development of products and services.
Databases, blogs, and social networking help companies gather information or data to meet consumer needs through the development of products and services.
What is social networking?Social networking can be defined as the way of connecting and interacting with people by using online platform.
Hence, Databases, blogs, and social networking play an important function as they help companies or organization gather information or data that will help them meet their consumer needs or wants through the development of products and services.
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What is the marginal income tax rate of a $5,000 raise for someone who currently makes $95,000 per year?
24% will be the tax bracket for her. The marginal tax rate is the tax rate you pay on every dollar of additional income. Individuals' federal marginal tax rate in the United States rises as their income rises. As one's income rises, the last dollar earned is taxed at a higher rate than the first.
This method of taxation, known as progressive taxation, aims to tax individuals based on their earnings, with low-income earners paying a lower rate than higher-income earners. Under a marginal tax rate, taxpayers are typically divided into tax brackets or ranges, which determine the rate applied to the tax filer's taxable income.
However, how much of an individual's income is taxed depends on more factors than just their marginal tax bracket. Instead, income taxes are calculated progressively, with a range of income levels subject to a certain rate for each bracket.
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Which two texas metropolitan areas are national centers for the high-tech industry?
Which two texas metropolitan areas are national centers for the high-tech industry: Dallas and Austin
metropolitan area, also called Metropolis, a major city together with its suburbs and nearby cities, towns, and environs over which the major city exercises a commanding economic and social influence.
The general concept of a metropolitan area is that of a core area containing a large population nucleus, together with adjacent communities that have a high degree of economic and social integration with that core.
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The problem of bankruptcy is associated with overuse and misuse of credit in the
The issue of bankruptcy is linked to the overuse and misuse of credit in the part of financial planning. Financial planning is the process of thoroughly analyzing your financial situation and developing a customized financial plan to achieve your goals.
As a result, financial planning frequently covers a wide range of financial topics, including insurance, investing, taxes, savings, retirement, and more. Financial planning can include a wide range of services, which we outline below.
Instead than concentrating on just one area of your money, it sees clients as actual individuals with a range of objectives and duties. After that, it discusses a number of financial realities to determine how to help individuals live their lives to the fullest.
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Bond P is a premium bond with a coupon rate of 8.2 percent. Bond D is a discount bond with a coupon rate of 4.2 percent. Both bonds make annual payments, have a YTM of 6.2 percent, and have seven years to maturity. Requirement 1: What is the current yield for bond P
The current yield for bond P is 5.38%.
Current value of bond = Face value/(1+ YTM)^n
Assuming the face value of the bond is $1,000 and substituting the values in the formula we get,
Current value of bond =$1,000/((1+6.2%)^7)
=$1,523.60
Annual coupon payment of Bond P = par value x coupon rate
Substituting the values in the formula we get,
Annual coupon payment of Bond P = $1,000 x 8.2% = $82
The current yield of bond = annual coupon payment/ current value of bond
Substituting the values in the formula we get,
Current yield of bond = $82/ $1,523.60
= 5.38%
Hence, the current yield for bond P is 5.38%.
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What does the quantity theory predict will happen to inflation if the money supply rises 10 percent?
The quantity theory predicts a 10% rise to happen to inflation if the money supply rises 10 percent.
The quantity theory of money is one of the main areas of study for the subject of economics known as monetary economics.
The quantity theory of money states that, under the assumption that real output is constant and money velocity is constant, the general level of prices for goods and services in an economy is proportionate to the money supply.
The forces that affect the supply and demand of any good or service also affect the supply and demand of money: ceteris paribus, an increase in the quantity of money results in a fall in the marginal value of money, which lowers the purchasing power of one unit of currency.
Hence, a 10% rise happens to inflation if the money supply rises 10 percent according to quantity theory.
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If the price in a competitive market falls and goes below the equilibrium price, then consumer surplus might increase, but producer surplus will definitely decrease.
If the price in a competitive market falls and goes below the equilibrium price, then consumer surplus might increase, but producer surplus will definitely decrease. The above statement is true.
What is equilibrium price?On a diagram, when two lines intersect, it usually means something. On a graph, the equilibrium is represented by the intersection of the supply and demand curves (S and D).The only price at which consumer and producer desires coincide is equilibrium, or when the quantity of the good that consumers want to buy (quantity demanded) equals the quantity that producers want to sell (quantity supplied).The equilibrium quantity is that amount that both parties seek equally. Any other price causes the market to be out of equilibrium since the amount requested does not match the quantity supplied.To know about equilibrium price with the given link https://brainly.com/question/14480835
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Which communications management practice includes specifying all of the communications systems.
All of the communication channels and platforms that parties will use to exchange information are specified in Agreements.
What is an Agreement?A shared choice, position, or arrangement is what is meant by the concept of agreement. The choice made by two persons to split an apartment's rent is an illustration of an agreement.
Types of the agreement are:-
Grant. Cooperative Agreement. Contract. Memorandum of Understanding. Non-Disclosure Agreement. Teaming Agreement. Material Transfer Agreement.To learn more about agreement from the given link:
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What is the average of gross income for domestic movies (in mln)?
i. 180
ii. 181. 03
iii. 48. 355
iv. 36. 55
The average gross income for domestic movies (in mln) is 180
A film industry-specific term used by box office reporters such as Variety and Box Office Mojo. For movies released in North America, box office revenue is usually divided into domestic, including the United States and Canada, and international, including all other countries.
Today, weekly box office revenues are usually considered Friday-Thursday, reflecting the fact that most movies are officially released on Friday in the United States. Variety was published every Wednesday for many years, so most of the weekly box office revenue they reported in the 1920s-1990s was from Thursday-Wednesday.
Most of the Weekly Loss is weekend cashiers. Historically, this has been reported as box office revenue from Friday to Sunday, and holidays close to weekends. Day numbers from Friday to Sunday are also now used.
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In regard to project priorities, if a project parameter such as the completion date or the cost of a project is fixed and must be met, it is considered ____________.
In regard to project priorities, if a project parameter such as the completion date or the cost of a project is fixed and must be met, it is considered constrained.
Project prioritization is the process of determining which potential and existing projects are the most urgent and important. This process involves evaluating the standards most relevant to your business and applying those standards to all projects.
The project scope is the part of the project plan that establishes and documents a list of objectives, deliverables, tasks, costs, and deadlines for a particular project. A document about the scope of a project is called a scope statement or terms of reference.
The project priority system selects which projects should be pursued in support of the organizational strategy. Additionally, a model is needed to assess the long-term effectiveness of the project prioritization system. The scoring model focuses on performance in the following key areas:
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Industry analysis focuses on the amount spent on research and development by individual companies within the industry.
a. true
b. false
Industry analysis focuses on the amount spent on research and development by individual companies within the industry. The given statement is FALSE.
Businesses and analysts use industry analysis as a tool for market analysis to comprehend an industry's competitive dynamics.
It assists them in gaining an understanding of what is going on in a given industry, including statistics on demand and supply, the level of competition within the industry, the industry's position in relation to other emerging industries, and the industry's prospects for the future in light of technological advancements, among other things.
An entrepreneur or business can use industry analysis as a tool to better understand where their company stands in relation to other industry players.
It gives them a clear understanding of the current and future state of the sector and assists them in identifying both opportunities and risks that may affect them.
Understanding and utilizing the contrasts between yourself and your industry competitors can help you survive in this always-shifting business environment.
Hence, The given statement is FALSE.
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