Identify each statement as true or false. 1. Process cost systems are used to apply costs to similar products that are mass-produced in a continuous fashion. select between True and False 2. A process cost system is used when each finished unit is indistinguishable from another. select between True and False 3. Companies that produce soft drinks, movies, and computer chips would all use process cost accounting. select between True and False 4. In a process cost system, costs are tracked by individual jobs. select between True and False 5. Job order costing and process costing track different manufacturing cost elements. select between True and False 6. Both job order costing and process costing account for direct materials, direct labor, and manufacturing overhead. select between True and False 7. Costs flow through the accounts in the same basic way for both job order costing and process costing. select between True and False 8. In a process cost system, only one work in process account is used. select between True and False 9. In a process cost system, costs are summarized in a job cost sheet. select between True and False 10. In a process cost system, the unit cost is total manufacturing costs for the period divided by the equivalent units produced during the period.

Answer:

The present value of growth opportunities is $23.08

Explanation:

First, we need to calculate the price with growth

Stock Price = Expected Dividend / ( Required rate of return - growth rate )

Where

Expected Dividend  = $5

Required rate of return = 13%

Growth rate = 8%

Pacing values in the formula

Stock Price = $5 / ( 13% - 8% )

Stock Price = $100

Now determine the expected EPS

EPS = Dividend / Payout ratio

Where

Dividend = $5

Payout ratio = 50%

Placing values in the formula

EPS = $5 / 50%

EPS = $10

Now calculate the present value of growth opportunity

PV of Growth opportunity = Price with growth - ( EPS / Required rate of return )

Where

Price with growth = $100

EPS = $10

Required rate of return = 13%

Placing value in the formula

PV of Growth opportunity = $100 - ( $10 / 13% )

PV of Growth opportunity = $100 - $76.92

PV of Growth opportunity = $23.08

Answer:

It will increase, and then decrease as the customer becomes more knowledgeable

Explanation:

As a customer's product knowledge increases, what typically happens to the amount of search conducted by the consumer is that the amount will first increase, and then decrease as the customer becomes more knowledgeable.

Answer:

B. Gift economy

Explanation:

Correct Answer: gift economy

Answer is given below:

Explanation:

Answer:

globalization and localization.

Explanation:

Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.

Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.

The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.

Also, localization (local responsiveness) refers to the degree of requirements and conditions to which a manufacturing firm should significantly adjust their products and methods of production in a particular country to. Thus, a firm that is facing both strong cost pressures and strong pressures for localization should ensure that it adopts a global standardization strategy.

Hence, two major variables in choosing the structure and design of an organization are the opportunities and need for globalization and localization because the opportunities that abound in the market would determine the level of revenues (cash-inflows) that the organization can generate.

Answer: Import quota

Explanation:

Import quotas are a means of controlling trade into a country. It is usually done because the good being imported is produced in the importing country but when it is imported it is cheaper which will have the effect of harming the domestic producers.

Import quotas will restrict trade by limiting the amount of the specific good that can be imported into the country within a given period. For instance, the U.S. mandating that only 30,000 tonnes of sugar may come into the country in a year. After that amount, no more sugar will be allowed in.

Answer:

A cash budget is very important, especially for smaller companies. It allows a company to establish the amount of credit that it can extend to customers without having problems with liquidity. A cash budget helps avoid a shortage of cash during periods in which a company encounters a high number of expenses.

Explanation:

Answer:

$16,379.75

Explanation:

Calculation for the annual payments that should be made

Using financial calculator to find the PMT

FV = $100,000

Interest rate = 10%

N= 5 years

PMT?

Hence,

PMT = $16,379.75

Therefore the annual payments that should be made so that both forms of payment are equivalent will be $16,379.75

Answer and Explanation:

The computation of the real income percentage is as follows:

The Increase in CPI would be

= (110 - 100) ÷ 100 × 100

= 10%

And, the increase in nominal income is

= ($55,000 - $50,000) ÷ ($50,000) × 100

= 10%

As the CPI and increase in nominal income percentage is same

SO the real income would also remains the same

The correct answer to this open question is the following.

Although there are no options attached, we can say the following.

Financial reports are created and used to evaluate the financial performance of the business. The function that is responsible for creating the reports is Financial Accounting.

One of the most important areas of a company is the financial department because it has to keep healthy numbers and finances in order to make the corporation to prosper.

Financial Accounting is the area that records and reports every single transaction of the company and then prepares all the reports needed by lay to show the transparency of the records. Among others, these reports are the cash flow statement, the balance sheet, and all the financial statements that show managers and owners how the company is doing.

Answer:

time bond

Explanation:

time frame given to achieve that goal

Answer:

Gross Margin $82,130

Explanation:

The computation of the gross margin under the absorption costing approach is as follows:

Sales ($147 × 1,910 units) $280,770

Less:  

Direct Material ($47 × 1,910 units) $89,770

Direct Material ($34 x 1,910 units) $64,940

Variable Manufacturing Overhead ($5 × 1,910 units) $9,550

Fixed Manufacturing Overhead ($39,600 ÷ 2,200 units) × $1,910 units $34,380

Gross Margin $82,130

Answer:

There is a connection between work and the incentive to work.

The more incentive we have to work, the more work we get done. One of the incentives that we have to work is wages or money.

With the increase in the hourly wage, Eleanor will now weigh how much she would gain or lose in wages every time she chooses to work or not. In order words, the opportunity cost of reading at home. The more time she spends reading rather than working, the more money she loses.

Cheers

Answer:

employees partake in the decision making in an organization.

Explanation:

Participative leadership is enhanced when employees are involved in the decision making of an organization, hence creating a collaborative approach towards running and managing the organization.

In participative leadership approach, all the members within a team collaborate in terms of identifying essential goals and finding a means to achieving those goals. The importance of participative leadership is that it boost the morale of employees by giving them sense of belonging.

Answer:

a. true

The statement is true because the price elasticity is 3 .

Price elasticity = percentage change in quantity demanded / percentage change in price

= 60% / 20% = 3

This corresponds with the price elasticity given. Demand is elastic so a rise in price would lead to a greater change in quantity demanded

b. false

Income elasticity measures the relationship between income and quantity demanded. The income elasticity for luxury goods is usually greater than 1. If income of  Gondwanaland consumers' increases, the quantity demanded increases. Prices are not affected

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.

Income elasticity of demand measures the responsiveness of quantity demanded to changes in income.

Explanation:

1. Improve communication skills

2. Apply customer relationship marketing

The current business scenario is globalized and highly competitive, the social dynamics resulting from globalization and new technologies have changed the demands and relations between company / consumer, this new parameter requires companies to be promoters of society's well-being, acting with socio-environmental responsibility in the market, which means that this includes the relationship with all its stakeholders.

Therefore, it is essential that interpersonal communication skills are improved in a management-oriented course and applied to the work environment, as organizations have more and more responsibilities when dealing with people, and negotiation and communication skills with people are increasingly valued. different nationalities and culture, with ethics in communication being an essential factor.

Relationship marketing is also another essential factor that must be applied in the workplace, especially if you work directly with the customer or work using the internet, since companies are closer to customers, and must generate value and engagement that creates market identification and positioning.

A goal is termed as the idea of the future result that is committed to achieving. It can be a plan or envision that is to be accomplished by a group of persons. The deadline is set for the accomplishment of the goals by the group of people.

The two goals to achieve in the workplace are:

1. Improve communication skills

2. Apply customer relationship marketing

To know more about the accomplishment of the goals, refer to the link below:

https://brainly.com/question/20813345

Answer:

Interests on student loans and IRA contributions are above the line deductions, which means that they decrease a person's AGI before they take any itemized or standard deduction.

Tanya's AGI before taking any deduction = $22,594 - $2,000 = $20,594

Assuming that she is filing her 2020 taxes, the standard deduction for single filers is $12,400, so her total taxable income = $20,594 - $12,400 = $8,194.

Answer:

Following are the solution to this question:

Explanation:

According to Maslow:

The original five-stage template hierarchy includes:

According to Herzberg:

He shows which work-related to satisfaction were mostly triggered through different causes and did not simply oppose the very same causes as previously believed.

The overall conclusion of Herzberg was clear and clear, and due to the scope and breadth of Herzberg's study design and analysis, Herzberg's figures can be read in several various ways.

According to McClelland:

A motivational model that attempts to explain how the demand for efficiency, intensity, or affiliate affects the actions of people in such a management sense is created by the psychenist, David McClelland's Request Concept.

According to Ouchi:

Theory Z was identified first as William Ouchi's special organizational structure. He claimed that perhaps the emerging managerial approach, known as Theory Z, will out any to benefit from the many benefits from both structures.

Sustainable employment

That conventional United states organizations, while the workers are afflicted with shorter-term obligations, can unwittingly facilitate managers with much more conventional leadership viewpoints treat workers simply as interchangeable cogs in profitable machines.

Slow assessment and support

Form A usually distinguished by quick performance assessments as well as the prompt promotion of top achievers.

According to Thamhain and Wilemon:

According to Convey:

Process improvement theories:

Ideas mostly on software development linked to Maslow's, Herzberg, McClelland, Ouchi, Thamhain, and Wilemon, and Convey. In the area of human funds, Maslow’s hierarchy is of great importance.

Answer:

our correct option is b = 0.00 for 3 sigma (σ)

Explanation:

Solution:

Let's tabulate the data given:

Shirts                                 Defects

1                                            4

2                                           6

3                                           3

4                                           1

5                                           5

6                                           6

7                                           4

8                                           6

Now, as we can see from the above data,

Number of samples taken = Shirts randomly examined = 8

Now, we have to calculate (C bar), for this we have to divide the sum of defects and total number of samples.

Note: We denoting (C bar) as B. So,

B = Sum of defects/ Number of samples

Sum of defects = 4 + 6 + 3 + 1 + 5 + 6 + 4 + 6

Sum of defects = 35

(C bar) = B = 35/8

B = 4.37

Formula to find out LCL for 3 sigma (σ):

LCL = B - [tex]z\sqrt{B}[/tex]

where z value for 3 sigma = 3

LCL = 4.37 -(3[tex]\sqrt{4.37}[/tex])

LCL = 4.37 - (3 x (2.092)

LCL = 4.37 - (6.276)

LCL = -1.901

So, now, when the LCL = negative, it is taken as 0.0

Hence, our correct option is b = 0.00 for 3 sigma (σ)

Answer: False

Explanation:

The Minimum Wages Law is simply referred to as a labour law which entails that employees should be paid a certain amount of minimum wage and shouldn't be paid below that.

We should note that the wages law are different for countries. Thereby the minimum wage law set in USA may be different from that of France.

Therefore, even if Food Corp.’s is subject to U.S. Federal minimum wage laws in its office in the U.S.A, it can't be subjected to U.S. Federal minimum wage laws in overseas in France.

Therefore, the answer is false.

Answer:

a. Lebanon should address the structural unemployment issue in the economy to support the current labor force with the new methods and technologies of production. Policies would be aimed at boosting the productivity of labor and hence the demand for labor force. From the given scenario it is comprehensible that the major issue prevailing is lack of competency due to structural and technological changes.

b. Policies aimed at fighting structural unemployment would cause the natural rate of unemployment rate to fall. Natural rate of unemployment would change when there arises changes in factors such as technology, productivity etc.

Answer:

✓Debit to WIP Inventory-Finishing

✓credit to WIP Inventory-Coloring.

Explanation:

From the question, we are informed about Fun Stuff Manufacturing produces frisbees using a three-step sequential process that includes molding, coloring and finishing. When the frisbees and associated costs are transferred from the molding process to the coloring process, WIP Inventory-Finishing is to be debited, while WIP Inventory-Coloring is credited in the journal entry . WIP can be regarded as part of the overhead cost as well as raw materials, and labor cost at each stages during the process of production. When recording on the journal entry, journal entry can be regarded helps in recording any transaction as far as accounting system is concerned. Several recording are found in journal, and can fall in debit or credit side . At the journal entry, Debit side is at the left-hand side and credit side is at the right-hand side

Explanation:

Technological development has enabled social, economic and cultural interactions between countries, generating the phenomenon known as globalization. Therefore, companies saw new opportunities for profitability in different countries, but also new challenges, such as the cultural adaptation of their processes, policies and employees.

It is necessary for organizations to adapt to the multicultural environment in which they operate, aligning their values ​​and organizational ethics to the place in which they operate, since each country has its own set of behaviors, customs and characteristics in the work environment, which therefore they must be included in a company's internal and external processes in a globalized environment so that there is acceptance by the local public of the products and services offered by a company, in addition to protecting and respecting the dignity, culture and values ​​of a people.

Answer:

a system of maintaining standards in manufactured products

Answer:

Florida Palms Country Club

a. Adjusting Journal Entries:

1. Debit Salaries Expense $9,600

Credit Salaries Expense Payable $9,600

To record the unpaid salaries.

2. Debit Accounts Receivable (Tampa University Golf Team) $1,800

Credit Green Fee Revenue $1,800

To record earned revenue not yet billed and recorded.

3. Debit Unearned Membership Dues $106,000

Credit Membership Dues Earned $106,000

To record membership dues earned.

4. Debit Depreciation Expense on Golf Carts $12,000

Credit Accumulated Depreciation $12,000

To record depreciation expense for the year.

5. Debit Interest Expense $300

Credit Interest Expense Payable $300

To accrue interest expense for the month of December.

6. Debit Insurance Expense $6,500

Credit Insurance Prepaid (Unexpired Insurance) $6,500

To record insurance premium for 10 months.

7. No entry is required because the period in which the tournament will be hosted is not disclosed.  Revenue is only recorded when performance obligations have been fulfilled.

8. Debit Income Taxes Expense $19,000

Credit Income Taxes Expense Payable $19,000

To record accrued expenses for the year.

b. The types of adjusting entries prepared in part a above are:

Accrued Expenses

Accrued Revenue

Deferred Revenue

Depreciation estimate

c. That Florida Palm's clubhouse is fully depreciated but remains in excellent physical condition results from the fact that depreciation is a systematic allocation of the cost of the clubhouse costs over its estimated useful life.  This implies that depreciation is merely an accounting estimate that spreads the cost of the clubhouse over its useful life and not an attempt to put a value on the clubhouse.

Explanation:

a) Data and Calculations:

1. Depreciation Expense on the golf carts = $180,000/15 years = $12,000 per annum based on the straight-line method of depreciation.

2. Interest expense on the bank loan = $45,000 * 8% * 1/12 =  $300

3. Insurance Premium Expense = $7,800 * 10/12 = $6,500

Answer: High demand encourages domestic quantities to increase, raising domestic prices higher than world prices​

Explanation:

Due to tariffs and quotas, the amount of the protected goods coming into the country from countries where it is cheaper will reduce.

This will push people towards the domestic manufacturers of the goods. This increase in demand for local goods will lead to the producers having to charge more as well as produce more. As they are charging more based on the situation in their own country, the prices will be more than world prices.

Answer:

C. Market

Explanation:

I majored in Health

Answer:

C. Shareholders and providers of finance

Explanation:

A company's financial report communicates the financial health of a business. It indicates whether a business is profitable and can meet its financial obligations.

Shareholders are the owners of a business. They are interested in the financial reports to know if their venture is making profits. Shareholders expect to earn dividends from the business. Only a profitable business is able to declare dividends. Financial reports guide shareholders in making decisions regarding the future of the business.

Lenders provide debt capital to a business. If the company is profitable, then lenders are happy because their payments are assured. Lenders rely on financial reports in deciding whether to extend or deny credit to businesses.

Answer: $935,000

Explanation:

Net capital spending refers to the amount spent on acquiring new fixed assets.

= 2020 net fixed assets + 2020 depreciation - 2019 net fixed assets

= 5,800,000 + 335,000 - 5,200,000

= $935,000