If a person opens a restaurant, it would be best to hire competent staff and also make sure that the aims and objectives of the business are met.
What is a Restaurant?This refers to the outlet where food, drinks, and other edibles are sold and distributed to the general public.
For a person opening a restaurant he would need all the help he can get and family members can also help out.
Please note that your question is incomplete so I gave you a general overview to help you get a better understanding of the concept.
Read more about restaurants here:
https://brainly.com/question/855519
Answer:
Fixing up the restaurant
Explanation:
hope this helps!
Galaxy Quest produces telescopes in a single processing department. All direct materials used in the production of telescopes are added at the beginning of the process. Conversion costs (labor and overhead) are incurred evenly thereafter, as each unit is assembled, adjusted, and tested. The company uses process costing and has provided the following production information for January and February. Jan. Feb. Number of units in beginning work in process inventory 0 100 Number of units started during the month 900 600 Total number of units transferred to finished goods 800 500 The units remaining in work in process at the end of January were approximately 70 percent complete with respect to their conversion costs. During the month of February, all of the beginning work in process units were completed and the units remaining in work in process at the end of the month were approximately 75 percent complete with respect to their conversion costs. a. For the month of January, calculate the equivalent units of input resources used for direct materials and conversion. b. For the month of February, calculate the equivalent units of input resources used for direct materials and conversion.
a) The calculation of the equivalent units of input resources used for direct materials and conversion for January in Galaxy Quest is as follows:
Direct Materials Conversion
Total equivalent units for January 900 870
b) The calculation of the equivalent units of input resources used for direct materials and conversion for February in Galaxy Quest is as follows:
Direct Materials Conversion
Total equivalent units for February 700 650
What is the equivalent unit of production?The equivalent unit of production is an estimate of the units produced during an accounting period based on the percentage or degree of completion.
Using the weighted-average method, the equivalent units of production can be calculated as below.
However, another method for calculating the equivalent unit of production is the FIFO method. Under the FIFO method, the level of completion done on the beginning inventory in the current period is considered, unlike under the weighted-average method.
Production Data and Calculations:Jan. Feb.
Number of units in beginning work in process inventory 0 100
The number of units started during the month 900 600
Total units available for processing 900 700
Total number of units transferred to finished goods 800 500
Number of units in ending work in process inventory 100 200
Equivalent units of production for January:
Units Direct Materials Conversion
Units completed 800 800 (100%) 800 (100%)
Ending inventory 100 100 (100%) 70 (70%)
Total equivalent units for January 900 870
Equivalent units of production for February:
Units Direct Materials Conversion
Units completed 500 500 (100%) 500 (100%)
Ending inventory 200 200 (100%) 150 (75%)
Total equivalent units for February 700 650
Learn more about equivalent units of production at https://brainly.com/question/16259709
A plumber has 6,000 toilet sinks. He is about to install
20% of all sinks over the next four days. If he plans to
divide his work evenly, how many toilet sinks will he install
on each of the four days?
On each of the four days, the plumber will install 300 sinks over the next four days.
What do you mean by work?
Work means that a person does regularly to earn a living for job seekers.
Workload management is a deliberate practice of successfully distributing work across the group.
It allows project managers to match employees for future work, so performance and productivity levels are never compromised.
20% of all sinks the plumber will be completed in four days, therefore to distribute the task evenly, we have to calculate 20% of 6,000 which is 1200 which has to be distributed evenly in the next four days.
300 Sinks will be completed by the plumber each in the next four days to install 20% of all sinks.
Thus,300 Sinks will be completed by the plumber each in the next four days.
Learn more about work, refer:
https://brainly.com/question/1501489
#SPJ1
Baxter Bakers is trying to decide whether it should keep its existing bread-making machine or purchase a new one that has technological advantages (which translate into cost savings) over the existing machine. Information on each machine follows: Old machine New machine Original cost $10,000 $25,000 Accumulated depreciation 6,000 0 Annual cash operating costs 9,500 5,000 Current salvage value of old machine 2,500 Salvage value in 10 years 650 1,200 Remaining life 12 yrs 12 yrs Refer to Baxter Bakers. The $10,000 cost of the original machine represents a(n)
Based on the type of cost that the original cost of the machine is, we can say that it represents a sunk cost.
What is a sunk cost?This is a cost that a business has already incurred as regards a certain investment or asset. This cost cannot be recovered and so should not have any weight on future decisions made.
The original cost of the existing machine of $10,000, is a sunk cost because the company has already incurred it and cannot recover it.
Find out more on sunk costs at https://brainly.com/question/24976252.
Consider the following data for two variables, x and y.
xi 4 5 7 8 10 12 12 22
yi 12 14 16 15 18 20 24 19
Enter negative values as negative numbers.
Compute the standardized residuals for these data (to 2 decimals).
Observation 1 -1.00 Observation 2 -0.40 Observation 3. 0.01 Observation 4. -0.48 Observation 5. 0.25 Observation 6. 0.65 Observation 7. 2.00 Observation 8 -2.16
Compute the leverage values for these data (to 2 decimals).
Observation 1 0.28
Observation 2 0.24
Observation 3 0.16
Observation 4 0.14
Observation 5 0.13
Observation 6 0.14
Observation 7 0.14
Observation 8. 0.76
Do there appear to be any influential observations in these data? 8
Does the scatter diagram indicate any influential observations? Explain.
If the leverage for an observation is greater , it is considered to have high leverage. Need Answer for this Question
Thus, we would conclude that observation 8 is an influential observation.
There appear to be an influential observations in these data as the mean of the leverage value is 0.75.
How to calculate the mean?From the data points given, the influential observation is observation 8. Here, the mean of the leverage value will be:
= 3 × 0.25 = 0.75
Also, the scatter diagram indicates influential observations as it's extreme to the x values.
Learn more about mean on:
https://brainly.com/question/447169
1) The standard cost to product one unit of product A includes 2 pounds of material at a standard cost of $ 4.00 per pound. During the month, 27,000 pounds of materials were purchased at a cost of $ 3.80 per pound and was used to produce 13,000 units of Product A
2) The standard labour cost to produce the unit includes 3 hours of work at an hourly rate of $ 10.00 per hour. For the month, 30,500 hours of labour are incurred at a cost of $ 10.10 per hour to produce 10,000 units.
You are asked to prepare reports showing:
a) The total materials Variance
b) The Price and Quantity materials Variance
c) The total Labour Variance
d) The Labour price and quantity Variance.
The preparation of reports showing the various required variances (total materials variance, the price and quantity materials variances, the total labor variance, and the labor price and quantity variances) are as follows:
a) The total materials Variance
= $1,400 Favourable ($104,000 - 102,600)
b) The Price and Quantity of Materials Variance:1) Price of Materials Variance:
= $5,400 Favorable ($4.00 - $3.80) x 27,000
2) Quantity of Materials Variance:
= $4,000 Unfavorable (26,000 - 27,000) x $4.00
c) The total Labour Variance= $8,050 Unfavorable ($30 - $30.805) x 10,500
d) The Labour price and quantity Variance1) Labor Price Variance
= $3,050 Unfavorable ($10 - $10.10) x 30,500
2) Labor Quantity Variance
= $5,000 Unfavorable (30,000 - 30,500) x $10
What variance analysis?In cost accounting, variance analysis investigates the differences between actual costs and budgeted costs of materials, labor, and overhead.
Variance analysis helps management to take corrective actions after identifying the causes.
Data and Calculations:Standard material cost for Product A = 2 pounds
Standard cost per pound = $4.00
Standard cost per unit = $8 ($4.00 x 2)
Total standard cost for materials = $104,000 ($8 x 13,000)
Purchase of materials = 27,000 pounds
Cost per pound = $3.80
Total purchase cost for materials = $102,600 ($3.80 x 27,000)
Production units = 13,000 units
Actal materials used per unit = 2.0769 pounds (27,000/13,000)
Actual cost per unit = $7.89 ($102,600/13,000)
Standard labor cost per unit = 3 hours
Standard rate of pay = $10
Standard labor cost per unit = $30 (3 x $10)
Totall standard labor hours = 30,000 (3 x 10,000)
Actual labor hours incurred = 30,500 hours
Labor rate per hour = $10.10
Total labor costs = $308,050 (30,500 x $10.10)
Production units = 10,000 units
Actual labor cost per unit = $30.805 ($308,050/10,000)
Learn more about variance analysis at https://brainly.com/question/15700381
Hi can someone help!
The most direct wat for Johnathan to gain on the job experience and earn money while attending school is to apply for:
a. Private Loan
b. A work study program
c. Federal financial aid
d. Scholarships
Answer:
a work study program...........
What is marketing? Discuss the TPs of marketing mix.
Answer:
The action or business of promoting and selling products or service,including market research and advertising.
Hope its helpful for you!!
Larry’s Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $42,000 per year forever. Assume the required return on this investment is 6.7 percent. How much will you pay for the policy? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The amount of $626,865.67 is the lump sum that you wil pay for the investment policy today.
What is an investment policy?This is an policy that is designed to periodically pay the insured a specific sum over a period of time
Given data
Payment per year = $42,000
Required return = 6.7%
Present value = Payment per year / Required return
Present value = $42,000 / 0.067
Present value = $626,865.67
Therefore, the amount of $626,865.67 is the lump sum that you wil pay for the investment policy today.
Read more about investment policy
brainly.com/question/12301548
Would increasing taxes be expansionary or contractionary policy?
Answer:
Expansionary fiscal policy includes either increasing government spending or decreasing taxes. An economy that is producing too much needs to be contracted. In that case, contractionary fiscal policy (either decreasing government spending or increasing taxes) is the correct choice.
An appreciating U.S. dollar is
O strengthening, more
O weakening, less
O a problem for exporters, less
O beneficial to importers, more
strengthening, more
Explanation:
Appreciating means to rise in value or price therefore stregthening and becoming worth more.
Look at the graph. Does zone A represent the result of a price ceiling or price floor, and which scenario is an example of these conditions?
O A price ceiling and the excess butter sitting in European warehouses due to overproduction by farmers
O A price ceiling and the scarcity of food and other goods in Cuba, resulting in smuggling and black-market trading
O A price floor and the lack of construction materials in Venezuela due to exporting them for higher prices
O A price floor and the large amount of corn stored in silos in the U.S. Midwest due to overproduction by farmers
Answer:
the answer is: A price floor and the large amount of corn stored in silos in the U.S. Midwest due to overproduction by farmers
Select the correct answer from each drop-down menu. Karan works as an advertising executive in his company. He has been asked to evaluate the company’s previous advertisement campaigns in order to create a new advertising plan. Karan has to analyze the sales and how much the advertising discount promotions affected these sales. Which evaluation tools can Karan use for his work? Karan should use the to analyze the sales and to analyze the effect of advertising promotions on sales.
Karan should use the Sales Report to analyze the sales and advertising meter to analyze the effect of advertising promotions on sales.
Omitted opons includes:
first one
a.sales structure
b.sales pitch
c.sales report
second one
a.coupon tracking
b.advertising meter
c.promotions report
What is a Sales and Promotions reports ?A sales report is an analytical tool that provides informatrion relating to all a business’s sales activities and gives information on the performance of the sales activity and what the company should do differently.
Promotional Report is a technique used by buisnesses to analyse or evaluate success or failure of a promotion used before on sales.
This can help a buisness guage the performance of future promotions, improve normalcy in sales and to promote items according to time and season.
Learn more on Sales and Promotions reports https://brainly.com/question/18563123i
different date between seasonal and off seasonal
Answer:
Seasonal effects are different from cyclical effects, as seasonal cycles are observed within one calendar year, while cyclical effects, such as boosted sales due to low unemployment rates, can span time periods shorter or longer than one calendar year.
1. Create a demand curve and supply curve for jeans using the following table of values:
PRICE QUANTITY PRICE
QUANTITY
10
500
10
200
20
450
20
250
30
400
30
300
40
350
40
350
50
.°S
300
50
400
250
60
450
200
70
500
Zenith Investment Company is considering the purchase of an office property. It has done an extensive market analysis and has estimated that based on current market supply or demand relationships, rents, and its estimate of operating expenses, annual NOI will be as follows: Year NOI 1 $ 1,240,000 2 1,240,000 3 1,240,000 4 1,280,000 5 1,330,000 6 1,380,000 7 1,419,000 8 1,459,170 A market that is currently oversupplied is expected to result in cash flows remaining flat for the next three years at $1,240,000. During years 4, 5, and 6, market rents are expected to be higher. It is further expected that beginning in year 7 and every year thereafter, NOI will tend to reflect a stable, balanced market and should grow at 3 percent per year indefinitely. Zenith believes that investors should earn a 12 percent return (r) on an investment of this kind. Required: a. Assuming that the investment is expected to produce NOI in years 1 to 8 and is expected to be owned for seven years and then sold, what would be the value for this property today
Based on the NOIs from Year 1 to 8, the value of the property today to Zenith Investment Company will be $13,221,383.94.
What is the value of the investment today?Because the investment will be sold in 7 years, we need to find the terminal value from year 8 and above considering the indefinite growth rate of 3%.
Terminal value:
= Year 8 cashflow / (Return rate - Growth rate)
= 1,459,170 / (12% - 3%)
= $16,213,000
This amount should be added to the Year 7 cashflow to get:
= 16,213,000 + 1,419,000
= $17,632,000
The value today can be found by taking all the cashflows to their present value and summing them:
= 1,240,000/ 1.12 + 1,240,000 / 1.12² + 1,240,000 / 1.12³ + 1,280,000 / 1.12⁴ + 1,330,000 / 1.12⁵ + 1,380,000/ 1.12⁶ + 17,632,000⁷
= $13,221,383.94
Find out more on present value at https://brainly.com/question/17199492.
Assume the economy is currently in equilibrium at its full-employment level of output, the money market is in equilibrium, and the MPC = 0.75.
a. Suppose there is an increase in government spending that causes aggregate demand to increase by $16 billion. Show the increase in aggregate demand on the graph.
Instructions: Use the tool provided "Aggregate Demand" to plot the new aggregate demand curve. Use the tool provided "New GDP" to plot the new equilibrium.
[Insert screenshot]
In the MPC, when there is an increase in government spending that causes aggregate demand to increase by $16 billion, the aggregate demand will shift to the right.
What is MPC?The marginal propensity to consume is the proportion of an increase in pay that a consumers sleds on consumption.
In this case, when there is an increase in government spending that causes aggregate demand to increase by $16 billion, the aggregate demand will shift to the right.
Learn more about MPC on:
https://brainly.com/question/25821146
As project manager, you have some ideas on how to recover a project that is falling behind schedule. Which
action could you immediately take to get the project back on track?
Select an answer:
Start with solutions you can authorize.
Implement your ideas and have a plan in case they don't work.
Ask the Project Management Office for approval.
Ask the customer or stakeholders for approval.
To get a delayed project back on track, the project manager must start with solutions they can authorize, increasing project control and organization.
How to carry out an effective project?It is essential that the project manager develop an effective schedule for the development of the project, according to the scope and available resources.
Therefore, it is essential that risk management plans are developed that prevent internal and external eventualities capable of interfering with the progress of the project.
Find out more about project management here:
https://brainly.com/question/22590420
2. What kind
of
External factors influence the process of business enterprise.
Explanation:
Technological factors.
Economic factors.
Political and legal factors.
Demographic factors.
Social factors.
Competitive factors.
Global factors.
Ethical factors.
The external factors that influence a business enterprise include the following:
EconomicLegalCompetitiveTechnologicalSocialPolitical factors.What are external factors?External factors are the influences, circumstances, situations, or environments that a business must accept in doing business and making economic decisions because it cannot control them.
These external factors create some level of uncertainty in running a business. And a business's success depends on how well it can manage these factors.
Thus, the external factors that influence a business enterprise include the economic, legal, competitive, technological, social, and political circumstances.
Learn more about external factors at https://brainly.com/question/21680038
Required information
Skip to question
[The following information applies to the questions displayed below.]
Marco Company shows the following costs for three jobs worked on in April.
Job 306 Job 307 Job 308
Balances on March 31
Direct materials used (in March) $ 29,000 $ 37,000
Direct labor used (in March) 24,000 18,000
Overhead applied (March) 12,000 9,000
Costs during April
Direct materials used 134,000 210,000 $ 120,000
Direct labor used 104,000 155,000 103,000
Overhead applied ? ? ?
Status on April 30 Finished (sold) Finished (unsold) In process
Additional Information
Raw Materials Inventory has a March 31 balance of $89,000.
Raw materials purchases in April are $550,000, and total factory payroll cost in April is $386,000.
Actual overhead costs incurred in April are indirect materials, $54,000; indirect labor, $24,000; factory rent, $34,000; factory utilities, $21,000; and factory equipment depreciation, $55,000.
Predetermined overhead rate is 50% of direct labor cost.
Job 306 is sold for $650,000 cash in April.
Required:
1. Determine the amount of overhead applied to each job in April.
The amount of overhead costs applied to each job in April at Marco Company is as follows:
Job 306 Job 307 Job 308
Direct labor used 104,000 155,000 103,000
Overhead applied 52,000 77,500 51,500
What is the overhead application?Overhead application is the assignment of manufacturing overhead costs to the units or jobs produced in a reporting period.
The overhead application can be assigned using a standard or predetermined rate or based on activity levels used up by the units or jobs.
Data and Calculations:Job 306 Job 307 Job 308
Balances on March 31
Direct materials used (in March) $ 29,000 $ 37,000
Direct labor used (in March) 24,000 18,000
Overhead applied (March) 12,000 9,000
Costs during April
Direct materials used 134,000 210,000 $ 120,000
Direct labor used 104,000 155,000 103,000
Overhead applied ? ? ?
Overhead applied 52,000 77,500 51,500
($104,000 x 50%) ($155,000 x 50%) ($103,000 x 50%)
Predetermined overhead application rate = 50% of direct labor costs.
Learn more about the application of overhead costs at https://brainly.com/question/15739613
The majority of grievances between labor and management are resolved by a(n) __________ who works in the organization and represents employees on a daily basis. Multiple Choice arbitrator shop steward mediator president
The majority of grievances between labor and management are resolved by a(n) "arbitrator" who works in the organization and represents employees on a daily basis.
What do you mean by Arbitration?Arbitration is a process in which parties that have a dispute go to an impartial third party to solve the issue without going to the court. In arbitration, the third party makes a decision that is binding.
In arbitration the arbitrator actually decides who is right and who is wrong, whereas in mediation the mediator suggests different outcomes.
Even though the majority of arbitrators are actually a legal judge, they do not operate under states' or federal command during the arbitration.
Learn more about Arbitration, refer to the link:
https://brainly.com/question/9089479
#SPJ1
What is true of people who are motivated by the need for achievement?
What is true of people who are motivated is: They want fair and balanced feedback, both negative and positive
What is Motivation?Motivation can be defined as the process of driven someone to achieve their goals and objectives.
When people are motivated they tend to perform better on their job. Some people who need motivation in order to achieve a goal will tend to desire a both negative and positive fair and balanced feedback as this will help to know their lapses and how when they are doing.
Therefore they want fair and balanced feedback, both negative and positive
Learn more about motivation here:https://brainly.com/question/11871721
In the quantity discount model, the optimum quantity will always be found on the lowest total cost curve.
a) true
b) false
In the quantity discount model, the optimum quantity is not always be found on the lowest total cost curve. Therefore, it's false.
What is optimum quantity?It should be noted that optimum quantity simply means the economic quantity that is purchased.
In this case, in quantity discount model, the optimum quantity is not always be found on the lowest total cost curve. Therefore, it's false.
Learn more about optimum quantity on:
https://brainly.com/question/17192219
Checking account A charges a monthly service fee of $20 and
fee of $3, while checking account B charges a monthly service
a wire transfer fee of $2. How many transfers would a person ha
the two accounts to cost the same?
O A 21
A
B. 31
C. 10
0.
[tex]\color{red}{\tt{I \ Think \ Letter \ B: \ 31}} [/tex]
Roger has just come across the different theories of leadership. He believes that Theory Y would work well with his personality and his compatty
what kind of leadership style would Roger have in his company?
Roger would have a democratic republican autocratic
or quid pro quo laissez-faire veni vidi vici
leadership style in his company.
I have until 3:05 to get this done please help !!
Answer:
Roger would have a democratic or laissez-faire leadership style in his company.
Explanation:
sorry ik this is like a week late but hopefully this helps someone else
The management of Roger's organization has is laissez-faire leadership.
What is Theory Y?Theory X and Theory Y are theories of human motivation and management. They were created by Douglas McGregor while he was at the MIT Sloan School of Management in the 1950s and advanced in the 1960s.
McGregor's paintings became rooted in motivational ideas through the works of Abraham Maslow, who created the hierarchy of needs. Theory Y highlights the motivating position of process pleasure and encourages people to meet obligations without direct supervision.
Therefore, from the above statements, it's clear that, quid seasoned quo laissez-faire veni vidi vici management fashion, is the precise answer.
Learn more about Theory Y, refer to:
brainly.com/question/14319310
#SPJ2
Question Content AreaThe amount of increase or decrease in revenue that is expected from a particular course of action as compared with an alternative is a.differential revenue b.manufacturing margin c.differential cost d.contribution margin
A differential revenue means the amount of increase/decrease in revenue expected from a particular course of action as compared with an alternative.
What is a differential revenue?A differential revenue refers to the difference in sales that will be generated by two different courses of action
Hence, this revenue are expected from a particular course of action as compared with an alternative.
Therefore, the Option A is correct.
Read more about differential revenue
brainly.com/question/16873747
cash flow is the amount of money
a available in your business at any given time
b in a cash register
c your expect to recieve from a customer
d you owe
Answer: The answer is B
Explanation: Cash flow is money that stays in the register. It is spared the cases of slight emergencies or cash change.
Describe the nature of the following major categories of risk (1) Financial Risks (2) Political Risks (3) Environmental Risks
Answer:
Market riskinvolves the risk of changing conditions in the specific marketplace in which a company competes for business. One example of market risk is the increasing tendency of consumers to shop online. This aspect of market risk has presented significant challenges to traditional retail businesses.
Explanation:
hope this helps
Answer:
Financial risk generally relates to the odds of losing money.
The financial risk most commonly referred to is the possibility that a company's cash flow will prove inadequate to meet its obligations.
Financial risk can also apply to a government that defaults on its bonds.
Credit risk, liquidity risk, asset-backed risk, foreign investment risk, equity risk, and currency risk are all common forms of financial risk.
Investors can use a number of financial risk ratios to assess a company's prospects.
Market risk, or systematic risk, affects the performance of the entire market simultaneously.
Market risk cannot be eliminated through diversification.
Specific risk, or unsystematic risk, involves the performance of a particular security and can be mitigated through diversification.
Market risk may arise due to changes to interest rates, exchange rates, geopolitical events, or recessions.
Explanation:
PLEASE HELP QUICKLY
Question 4 (2 points)
What is an apprenticeship?
(A) donating your time to an organization that interests you.
(B) temporary job, that may be paid or unpaid.
(C) informal, short-term opportunity to follow someone through the workday to see the specific responsibilities required for that job.
(D) working in a trade as an assistant while learning the skills you need to qualify for certification.
Answer: D - working in a trade as an assistant while learning the skills you need to qualify for certification.
D and C are similair, but an apprenticeship is an oppurtunity to work under somebody and learn their craft, meaning it is not short-term nor is it informal.
The consumer price index measures the cost of the _____ of a family of ____ living in a typical U.S. city. consumption; two production; four production; two consumption; four
The consumer price index measures the cost of the consumption of a family of living in a typical U.S.
What is the consumer price index?This term is a measure of the average of the weighted measurement of consumption that a family uses. It measures the average of the prices that are spent in consumption.
What is measured basically using this is the cost of goods and services consumed by the family.
Read more on consumption here: https://brainly.com/question/24741444
state some resons why people do not pay their bills
Answer:
some don't care
some don't have the money to pay them
some just throw away the bills thinking it's trash or knowingly throws it out
Explanation:
hope this helps:)