Allocation of joint costs in proportion to the value of the output of the sales which were produced in the process during at the split-off point is a preferred approach.
What are joint costs?Joint costs involve the benefit of more than one product, and the separation of the costs of such products is impossible as the benefits related thereto are also joint.
One of the best examples of joint costs is in a condition when a cattle-owner feeds both the flock of sheep and cattle of cows at the same time. One cannot differentiate between the separate costs allocated.
Hence, it may be said that value basis is the most appropriate method for the purpose of allocation of joint costs being incurred in the proportion as it may be.
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How are letters of credit different from secured transactions?
A. A letter of credit tells a prospective seller how much you can buy.
A secured transaction provides the bank with assurance of
repayment.
B. There is no difference because the bank benefits in both cases.
C. A letter of credit is covered in Article 9 and a secured transaction
is covered in Article 5 of the UCC.
D. A letter of credit is sent from the seller to the buyer and a secured
transaction means the seller must ship the product.
SUBMIT
Answer:
D. A letter of credit is sent from the seller to the buyer and a secured transaction means the seller must ship the product.
Explanation:
I hope this helps !!!
A person who works as a sales representative for a manufacturer or wholesaler and gets paid a commission on any sales is classified a(n):
A person who works as a sales representative for a manufacturer or wholesaler and gets paid a commission on any sales is classified an agent.
Who is an agent?This is a person that is signed on to work on behalf of another person. This may be someone who helps to make decisions on behalf of the person that they represent.
Also a person that does business on behalf of another for the sake of commissions is an agent.
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If the Federal Reserve wants to lower the interest rate to 4 percent, it must _____ the money supply to _____.
If the Federal Reserve wants to lower the interest rate to 4 percent, it must increase the money supply to lower interest rates.
Why the federal reserve wants to prevent a recession?If the federal reserve wants to prevent a recession which means an economic condition when GDP falls or economy faces a low or negative economic growth.
Thus, first of all aggregate demand should increased to boost up the economy and money supply should increase to lower the interest rate then business will take more loans at lower rate and invest more in production to meet up the aggregate demand and increasing employment opportunities.
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Lucy will open a checking account and 3 savings accounts for different purposes (emergency fund, gift fund, and education fund). which of the following items should not be among her main considerations in selecting these accounts? a. the account recommended for somebody with different needs. b. the amount of interest to be paid on deposits. c. any advantages of having all the accounts at the same bank. d. fees for having multiple savings accounts.
The item that should not be among Lucy's main considerations in selecting these accounts are that the account recommended for somebody with different needs.
What is checking account?A transaction account is a deposit account kept at a bank or other financial institution. It is also known as a checking account, checking account, current account, request deposit account, or shared draft account at credit unions.
In the above situation, Lucy will have to pay the amount of interest to be on deposits, and eligible to any advantages of having all the accounts at the same bank.
Lucy will also bear the fees for having multiple savings accounts, as having a multiple accounts increases the fees of all the accounts.
The account cannot be opened for the need of somebody, it is opened for the banking transactions and for depositing the money.
Therefore, option A is correct.
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Answer:
A: The account recommended for somebody with different needs.
Explanation:
edge
The Hanson Group is deciding if the company should use personal direct selling as a method to sell products. What should the company keep in mind with regards to personal direct selling
The company must keep in mind in relation to personal direct selling is that this strategy must be used in conjunction with advertising and marketing strategies.
What is personal direct selling?Corresponds to a sales technique where a salesperson will communicate directly with a potential customer to sell a particular product or service, using persuasion and marketing tolls for this purpose.
Therefore, when using the personal selling strategy, the company must also develop marketing and advertising strategies for its products and services, using the correct techniques for persuasion and generating desire for purchase.
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Which is not an example of a risk management strategy?.
Buying a new car is not an example of a risk management strategy.
What do you mean by risk management strategy?A risk management strategy is a systematic and consistent approach to identifying, assessing, and managing risk.
Travel insurance is an example of this. We do not accept the risks of a lost suitcase or an accident abroad, as well as the associated costs; instead, we pay a travel insurance company, so that they bear the financial consequences.
Thus, Buying a new car is not an example of a risk management strategy.
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Safety and self-actualization are examples of
a. credibility appeals
b. emotional appeals
C.
selective appeals
d.
logical appeals
Answer:
b
Explanation:
An emotional appeal is a method of persuasion that is designed to create an emotional response. Emotion -phatos in Greek, is one of the three modes of persuasion identified by the well-known philosopher Aristotle. Emotional appeals are meant to manipulate emotions in an audience.
Emotional appeals are used by means of communication. For instance, when a news TV show relates a new on the rise of crime in a given state it causes insecurity in the audience or when an ad on social media prompts information on new technology it creates the need for updating our knowledge so the audience understands what that is about
Answer:
b. emotional appeals
Explanation:
took the test :)
Read the following question/answer from a standard learning style inventory and determine which learning style the selected response reflects.
When I share a story, I am likely to...talk with my hands.
Physical
Visual
Auditory
What is financial literacy and why is it important.
Answer:
Financial literacy is a set of skills and knowledge that allows one to make effective decisions with their financial resources.
Explanation:
Why is it important? Well, being financially literate ensures financial stability and security. It also allows you to have a variety of different financial skills; such as creating a budget, understanding how credit works, being able to save for retirement, and becoming wiser with how to manage your money.
Hope this helps! Have an amazing day! :D
Khadimally, Incorporated, expects sales of $763,500 next year. The net profit margin is 5.3 percent and the firm has a dividend payout ratio of 18 percent. What is the projected increase in retained earnings
Based on the expected sales, net profit margin, and dividend payout ratio, the projected increase in retained earnings for Khadimally Inc, is $33,181.71.
What is the projected increase in retained earnings?First find the expected profit:
= Sales x Net profit margin
= 763,500 x 5.3%
= $40,465.50
The projected increase is:
= 40,465.50 x (1 - 18%)
= $33,181.71
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what is the difference between mandatory and discretionary spending?
Answer:
Mandatory spending is spending that is required by law. And discretionary spending is spending that must be authorized by the government every year.
Explanation:
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When the Fed buys securities from the public, banks' reserves ________ and the quantity of money ________.
When Fed buys securities from the public, banks' reserves increases and the quantity of money reduces in supply.
What are Securities?Securities simply put are assets that has monetary values like bonds, stocks and they can be traded.
In recent times, people enjoy the digital form of money/securities like cyptocurrencies.
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A firm offloads some of its production costs to 3rd parties. This would contribute to market failure because
The activity of the firm contributes to market failure because it leads to negative externlity.
What is negative externlity?
Negative externality occurs when the costs of economic activities is greater than the benefits to third parties not involved in production is greater than the benefits. An example of an activity that generates negative externality is pollution.
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If the capital stock ________ while the supply of labor ________, it is likely that the productivity of labor will fall.
If the capital stock fixed while the supply of labor increases, it is likely that the productivity of labor will fall.
What is Labor productivity?Labor productivity is use to measure the output of a labour based on hourly basis.
Labor productivity is usually determined by the amount of Capital that is investment. This include technological and human capital.
Therefore, If the capital stock fixed while the supply of labor increases, it is likely that the productivity of labor will fall.
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Using multiple cost drivers on a flexible budget report will generally ______.
When multiple drivers are used in a flexible budget report, this would generally increase accuracy.
What is the benefit of using multiple cost drivers?When multiple cost drivers are used, there will be a better chance of capturing the various costs incurred by a business.
This makes the whole exercise of capturing costs in a budget much easier because it improves accuracy.
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Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $130,854. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $79,600, and annual cash outflows would increase by $41,000. Compute the cash payback period. (Round answer to 2 decimal places, e. G. 10. 52. )
The cash payback period of the long-term investment project called ZIP is 3.39.
Computation of the cash payback periodThe cash payback period can be computed as follows:
Annual net benefit = Annual cash inflows - Annual cash outflows
Annual Net benefit = $79,600 - $41,000
Annual Net benefit = $38,600
Therefore, we have:
Cash payback period = Initial investment / Annual net benefit
Cash payback period = 130,854 / $38,600
Cash payback period = 3.39
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Which of the following ratios indicates how efficiently a company uses it assets to generate sales? Return on assets Asset turnover Sustainability Profit margin
The financial ratio that indicate how efficiently a company uses its asset to generate sales is the Return on assets.
What are profitability ratio?Profitability ratio are financial ratios used to determine how efficiently a company uses it assets to generate sales. Profitability ratios include:
Gross profit margin Operating profit margin Pretax Margin Net profit Margin Return on asset Return on equityAsset turnover is an example of activity ratio. Activity ratios determines the efficiency of performing daily task of a firm.
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Answer:Just took the quiz. It’s asset turnover
As the marketing director for a tablet computer manufacturer, you're aware that some consumers still need a lot of help and information before making a decision to buy a tablet, while others are familiar with tablet computers and know exactly what they're looking for in a product. With this objective in mind, which distribution channel makes the most sense for marketing your products?
The dual distribution channel is the channel that makes most sense for marketing these products.
What is a dual distribution channel?This is a channel that involves 2 approaches simultaneously in order to get one's products to end-users.
Usualy, one approach is to use marketing intermediaries and the other is to sell directly to end-users.
Therefore, the dual distribution channel is the channel that makes most sense for marketing these products.
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A corporation issued 200 shares of its $5 par value common stock in payment of a $2,800 charge from its accountant for assistance in filing its charter with the state. The entry to record this transaction will include:
The journal entry records the transaction by debiting the corporate expense by $2,800 and crediting the common stock by $1,000 with the remaining amount transferred to additional capital as $1,800.
What is a journal entry?Journal entry is passed in the accounting books to record the financial transactions made by a company. It shows a dual effect on every transaction where one account is debited and another account is credited.
The charge from the accountant is an expense for the company, that is, $2,800, the issue of common stock for payment is the equity of the company, that is, $1,000 and the excess amount left should be treated as additional capital in excess of par, that is, $1,800.
The journal entry is as follows:
Particulars Debit Amount Credit Amount
Corporate expenses $2,800
Common stock (200 shares X $5 ) $1,000
Additional capital ($2,800-$1,000) $1,800
Therefore, the journal entry is passed by making a debit of $2,800 to corporate expenses and a credit of $1,000 in common stock as well as $1,000 in additional capital.
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why do new brands with a small market share tend to spend proportionately more for advertising and sales promotion than those with a large market share
Which of the following actions will help limit the access to your network?
Enable the network to look for active devices
Disable firewall guards
Turn off the wireless connection when it is not in use
What did the International Monetary Fund (IMF) require in exchange for providing funds to heavily indebted customers in the 1980s and 1990s?
The adoption of a new fiscal ways by the customers was the requirement made in exchange for providing funds to heavily indebted people in the late 1900s.
What role did the IMF played in 1980s?During the debt crisis in 1980s, the International Monetary Fund played a major role as a rescuer for the people affected.
The international banks in the IMF kept heavily indebted customers solvent but one a condition.
In conclusion, the condition was that they had to adopt of a new fiscal ways to have access to the relief funds.
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You decide to change your business processes in order to implement SAP without making any changes to it. This is an example of the ________ approach to ERP implementation
Vanilla approach to ERP implementation is when one change business processes in order to implement SAP.
What is Vanilla ERP implementation?Vanilla ERP implementation serves as the implementation of standard software modules for core business processes.
This usually help toprovide breadth of integration and depth of functionality across the business.
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Which are types of income tax that people pay? Check all that apply.
federal
local
Oprogressive
state
sales
flat
Answer:
federal
local
state
sales
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The types of income tax that people pay are
federal
local
state
sales
What is taxes?The term tax refers to that, compulsory financial charges are there which are to be paid by the taxpayers to the government for every department different taxes are liable to the taxpayers to the government there are many other taxes are bee there like road tax, etc.
According to the citizens are the taxpayers, there are different types of taxpayers have been there are like state tax, local tax, sales tax, and the different types of taxes have been there in it by paying the taxes the government runs.
Therefore, these are the types have been their taxes that have been paid to the government.
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During the decline stage of the product life cycle, Blank______ who have not yet tried the product or service will be entering the market for the first time.
During the decline stage of the product life cycle, laggards who have not yet tried the product or service will be entering the market for the first time.
What is product life cycle?A product life cycle can be defined as the time in which a customers was aware of a product in the market to the time when the product was no longer available in the market.
At the decline stage a who was not aware of the existance of a product is lag behind because the person is just entering the market for the first time
Therefore during the decline stage of the product life cycle, laggards will be entering the market for the first time.
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During the 1880s, Standard Oil owned or controlled nearly all facets of oil refining. When a company has such control over the marketplace, what term best describes it
When a company owns and controls the marketplace, the term that best describes it is a Monopoly.
What is a monopoly?A monopoly is a market situation where there is little to no competition.
The major characteristics of a monopoly are:
Profit maximizationPrice fixingHigh entry barriersSingle sellerPrice discrimination.Thus, when a company owns and controls the marketplace, the term that best describes it is a Monopoly.
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Imagine that a firm sends out a message in the form of a print advertisement for a product. Which element is most likely to contribute to how receivers decode the message differently
The element that is most likely to contribute to how receivers decode the message differently is whether the receiver is a user of the product or not.
What is advertisement?It should be noted that advertisement simply means the way of creating awareness regarding a product.
In this case, the element that is most likely to contribute to how receivers decode the message differently is whether the receiver is a user of the product or not.
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FOB Destination requires that the supplier legally retain ownership of the product being shipped until it reaches the destination.
A. True
B. False
Suppose Ike’s Bikes is currently producing 100 bikes per month in its only factory. Its short-run average total cost is
The short-run average total cost of Ike's Bikes of producing 100 bikes is $360.
What is the short-run average total cost ?The short-run is a production period where some of the factors used in the production process are fixed and others are variable. The short-run average total cost is the total cost divided by total output. Total cost is the sum of fixed cost and variable cost.
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Firms are more likely to effectively leverage their technologies in new markets if they identify new applications of the technology by identifying the ________ mode to generate ________ from ________ markets.
Firms are more likely to effectively leverage their technologies in new markets if they identify new applications of the technology by identifying the best mode to generate profits from new markets. best, profits, new the sentence.
What are Firms?Generally, Firms are simply defined as the business as an essential component of any economic system in which individuals satisfy needs via the division of labor and the trade of products and services.
In conclusion, Firms are business-oriented organizations.
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