An analysis of favorable and unfavorable price variances would be an example of diagnostic analytics
Diagnostic analytics involves analyzing historical data to identify the root causes of past events, such as variances, to understand why they occurred. An analysis of favorable and unfavorable price variances would be an example of diagnostic analytics. This type of analysis involves comparing actual prices to expected prices to determine the causes of any differences.
Favorable price variances occur when actual prices are lower than expected, while unfavorable price variances occur when actual prices are higher than expected. By analyzing these variances, managers can identify the causes of the price differences, such as changes in market conditions or changes in the cost of raw materials.
Diagnostic analytics is useful for identifying areas where a company can improve performance and reduce costs. By understanding the root causes of variances and other historical events, managers can make informed decisions about how to improve operations in the future.
However, diagnostic analytics is limited in that it only provides insight into past events and does not predict future outcomes. To predict future events, predictive analytics and prescriptive analytics are used.
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In what way does the strategic alliance between gm and lyft allow gm to hedge against uncertainty?.
The strategic alliance between GM and Lyft allows GM to hedge against uncertainty by giving GM access to the market of the future, increasing its market innovation.
Through this strategic alliance, GM demonstrates innovation in its processes by investing in a car rental market, as there is an expectation that in the future there will be a drastic reduction in private cars.
What is a strategic alliance?Corresponds to an agreement between two or more companies, where there is an independent partnership for sharing organizational resources, such as technology, market and knowledge.
Therefore, through the partnership with Lyft, GM is already entering an innovative and expanding market, developing its positioning strategy for the future.
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Managerial decision makers must often consider non-economic factors as well. For example, when considering whether to outsource to another country, in addition to considering the cost of that decision, managerial accountants with an emphasis on sustainability should consider the human capital impact as well. This represents sustainability within a:
This stands for sustainability when faced with a keep or drop decision.
A tactical business choice regarding whether to keep running a product, department, or specific company unit is called "keep or drop."
How do we decide whether to keep or drop a particular segment?The first step in selecting whether to preserve or eliminate a portion of the business is to construct a segmented income statement. Make a product line income statement, for instance, if a product is not lucrative. Make an income statement for any locations that are not producing a profit.Which factor should be considered while selecting whether to keep or drop a product line?The entire costs, not only the per-unit prices, should be taken into consideration when considering whether or not to discontinue a product. Review the fixed expenses for production, sales, shipping and storage, customer service, and any other expenditures you can associate with the product.learn more about keep or drop decision here
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When must the scope of appointment be obtained for an in-person or telephonic sales presentation?.
If meeting was set up as an in person meeting then it would have to be obtained.
What is an in person meeting?This is the term that is used to refer to a meeting that is set up by people themselves.
This type of meeting would have the people present in body instead of having a representative.
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A machine has a cost of $15,000, an estimated residual value of $3,000, and an estimated useful life of four years. The machine is being depreciated on a straight-line basis. At the end of the second year, what amount will be reported for accumulated depreciation?.
Answer:
We find the amount in accumulated depreciation by finding the depreciable value:
Asset Cost - Residual Value = Depreciable Value
$15,000 - $3,000 = $12,000
Now, let's divide this by 2 to find the amount in accumulated depreciation at the end of the second year:
$12,000 / 2 = $6,000
The federal law that establishes the right to collective bargaining and limits the interference of management in the right of employees to have a collective bargaining agent is the:
The federal law that establishes the right to collective bargaining and limits the interference of management in the right of employees to have a collective bargaining agent is the National Labor Relations Act of 1935.
What is the National Labor Relations Act?The National Labor Relations Act of 1935 is a key piece of American labor legislation that protects employees working in the private sector's ability to form unions, participate in collective bargaining, and conduct collective action like strikes. An important part of the law prohibited corporate unions.
By giving workers in private-sector companies the fundamental right to demand better working conditions and choice of representation without fear of punishment, the NLRA safeguards workplace democracy.
Employees have the right under the National Labor Relations Act (NLRA) to establish or join unions, take part in protected, organized actions to address or improve working conditions, or refrain from taking part in these activities.
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how is planning done and why is it important
Answer:
Planning helps us decide how best to use our resources (people, time, money, information, equipment) so that they make the most significant contribution to achieving our goal. Planning lays the basis for us to assess and evaluate our achievements effectively.
Explanation:
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Starling Inc. is a public stock company that provides natural gas for businesses. Although this company generates a large profit, management's focus on reducing costs caused the maintenance budget to be trimmed. Its pipelines have at times leaked, which created significant environmental problems. As a result, the company's value creation has suffered. This scenario supports Michael Porter's warning that public companies:__________
This scenario supports Michael Porter's warning that public companies have defined value creation too narrowly in terms of financial performance, thereby contributing to black swan events.
A corporation is a community for short, a legal entity that is a collection of people with a specific purpose, natural, legal, or a mixture of both. Company members have common goals and work together to achieve specific goals.
A company is a legal entity formed by a group of natural persons to carry on and operate a business in a commercial or industrial capacity. What a company does depends on its structure. Its structure ranges from partnership to partnership to enterprise.
Associations of individuals operating commercial or industrial enterprises — cf. legal entities, partnerships. - Financial companies. : A company that typically makes small, short-term loans to individuals.
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The sales level that results in a project's net present value exactly equaling zero is called the _____ break-even.
The sales level that results in a project's net income exactly equaling zero is called the accounting break-even.
What is Break Even In Accounting?Break even point refers to the point or sales unit where total cost is equal to total revenue. That is, both total revenue and total cost at the point are even and there neither profit nor loss.
Break even point can be computed for accounting break even and the cash break even points. The difference between the two is that accounting break even point include depreciation in the fixed cost while the cash break even point deduct non cash expenses from the fixed cost.
The formula for the are as follows:
Accounting break even point = Fixed cost / (Unit price - Unit cost)
Cash break even point = (Fixed cost - Depreciation) / (Unit price - Unit cost)
The break-even analysis is a tool that provides the level of units or sales necessary to cover both variable and fixed costs.
Therefore, we can conclude that the correct option is B.
Your question is incomplete, but most probably your full question was:
The sales level that results in a project's net present value exactly equaling zero is called the _____ break-even.
a. leveraged
b. accounting
c. operational
d. cash
e. present value
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Municipal bonds are taxable for federal, state and local taxes. Group startsTrue or FalseTrue, unselectedFalse, unselected
The Key Benefit of Municipal Bonds: Tax-Free Interest. Municipal Bonds are not liable to Tax.
Hence the correct answer is False.
On the plus side, highly rated municipal bonds are generally a very safe investment compared to most other assets. The failure rate is small. Like any bond, there is interest rate risk. If your money has been tied up for his 10 or 20 years and interest rates are rising, you're stuck underperforming.
Municipal bonds (munis) are bonds issued by government agencies. When you buy a municipal bond, you are lending money to the issuer for a certain period of time and paying a certain number of interest payments.
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In ____ databases, a set of transactions are collected over a period of time and then processed all together.
In batch processing databases, a set of transactions are collected over a period of time and then processed all together.
Batch processing is for those often-used programs that can be completed with minimal human interaction. A software that reads a huge file and generates a record, for example, is taken into consideration to be a batch activity.
Automatic batch processing is a technique of walking software packages referred to as jobs in batches mechanically. while users are required to post the jobs, no other interaction by way of the user is required to procedure the batch.
Examples of batch processing are transactions of credit score cards, era of payments, processing of enter and output inside the operating gadget etc. Examples of actual-time processing are bank ATM transactions, purchaser services, radar gadgets, weather forecasts, temperature size, and so forth.
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In the past, conducting inspections at the end of the production line was the approach to___________.
In the past, conducting inspection at the end of the production line was the approach to the quality check. A technique or series of procedures called quality control is intended to make sure that a manufactured product or service adheres to a defined set of quality criteria or meets the needs of the client or customer.
QC is similar to, but not the same as, quality check . While QA refers to the confirmation that a product or service meets specific requirements, QC refers to the actual inspection of these elements. The scope of QC actions must then be determined.
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Cash equivalents would not include?:
Answer:
Investments in liquid securities, such as stocks, bonds, and derivatives, are not included in cash and equivalents.
Explanation:
Even though such things may be easily turned into cash typically with a three day settlement period, they are still excluded. The assets are listed as investments on the balance sheet.
Which concept suggests that decision makers are limited by their values and unconscious reflexes, skills, and habits?
A concept suggesting that decision makers are limited by their values and unconscious reflexes, skills, and habits is called bounded rationality.
Bounded rationality is considered the idea that rationality is limited when individuals make decisions. Thus, under these limitations, such rational decision makers are limited by their values and unconscious reflexes, skills, and habits and they will make a decision which is satisfactory rather than optimal.
For instance, an individual could be exhibiting rational behavior if she is retiring early rather than staying at the company and earning a paycheck if she feels the utility gained from retiring early exceeds that of the paycheck.
Hence, the answer was given and explained above.
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Any part of an organization whose manager has control over and is accountable for cost, profit, or investments is a(n)
A responsibility center is any part of the firm whose manager has control over and is accountable for cost, profit or investment decisions of the part of the firm under his control.
What are the different types of responsibility center?
There are three types of responsibility center as listed below:
-Profit center
-Cost center
-Investment center
A cost center's manager is accountable for the profits of the division without been held responsible for its revenue and profits.
A profit center's manager would be accountable for revenue or sales and profit of the center as well as costs, in other words, the manager is expected to make decisions that minimize costs while also maximizing revenues and profits thereon.
Lastly, an investment center's manager would be able to take decisions bordering on costs reduction, revenue and profit maximization including whether or not to invest in new equipment or assets.
Overall, all of the aforementioned are known as responsibility centers, hence, the correct option is responsibility centers.
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Edie's Health Supply has 125,000 shares of stock outstanding with a par value of $1 per share and a market value of $5 a share. The company has retained earnings of $76,500 and capital in excess of par of $340,000. The company just announced a 1-for-5 reverse stock split. What will be the par value per share after the split
The Par value per share after the split will be 2,500 shares.
What is a Share?Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends. A stock with no dividend payments does not distribute its income to its shareholders. Instead, they look forward to further stock price growth as business profits rise. Shares are an organization's equity capital, and there are two primary kinds of shares: common shares and preferred shares. As a result, the terms "shares" and "stock" are frequently used synonymously. Owners of a corporation have the option of issuing preferred shares or common stock to investors.A single common share's par value is determined by the charter of a corporation. It usually has nothing to do with the shares' actual worth. Actually, it's frequently lower. The par value is stated on each stock certificate that is issued for shares that are bought.
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The cost object in a job order system is the ______ and the cost object in a process costing system is the ______. Multiple choice question. process; department job; process or department department; process process; specific job
The cost object in a job costing order system is the specific job assigned and the cost object in a process job costing system is the process itself.
What is Job Costing?Accounting that tracks costs and receipts by "job" and facilitates uniform reporting of profitability by work is known as "job costing."An accounting system must enable the assignment of job numbers to specific expenditures and revenue items in order to support job costing. A job can be described as a specific project completed for a single client, a single manufactured product, or a batch of identical pieces created simultaneously.It is necessary to keep track of which "job" uses which direct costs, such as direct labor and direct materials, before allocating overhead costs, such as indirect labor, warranty costs, quality control costs, and other overhead costs, to the jobs in order to apply job costing in a manufacturing setting. A job profitability report is similar to the company's general profit and loss statement, but it is tailored to each individual job number.To learn more about Job costing with given link
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The main reason price ceilings are set is so that consumer prices
Answer:
The main reason for imposing price ceilings is to protect the interests of the consumers in situations in which they are not able to afford needed commodities.
Explanation:
The time it takes to spend cash to provide goods and services to a customer until collection of cash from that customer is referred to as the company's:_____.
The time it takes to spend cash to provide goods and services to a customer until the collection of cash from that customer is referred to as the company's Operating Cycle.
The operating cycle is the average time it takes a business to make its first cash outlay to produce goods, sell goods, and receive cash from customers in exchange for goods.
For example, if your company has a short operating cycle, that means you receive constant payments. The faster a company can generate money, the faster it can pay off outstanding debts or expand its business accordingly. The flow of the cache operating cycle is as follows. Obtain raw materials.
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The term relevant range as used in cost accounting means the range over which: Group of answer choices Costs may fluctuate. Relevant costs are incurred. Production may vary. Cost relationships are approximately linear.
Option D. The term relevant range is the range over which Cost relationships are approximately linear.
What is relevant range?This is the term that is used to refer to the assumption that the cost relationships are valid.
What this means is that the existing relationship between cost and any activity are linear, in a straight line.
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The salary of a vice president of an organization is an example of a(n)________ cost while the salary of an electrician hired to work on a construction project is an example of a(n) ________ cost
The salary of a vice president of an organization is an example of an indirect cost while the salary of an electrician hired to work on a construction project is an example of a direct cost.
Direct costs are those business expenses which can be directly applied to producing a specific cost object, like a particular good or service. Cost objects are those items to which that expenses are assigned.
Different examples of direct costs include:
Direct labor
Manufacturing supplies
Direct materials
Indirect costs are those expenses which are applied to more than one business activity. Indirect cost are not like the direct cost, They cannot assign indirect expenses to specific cost objects rather they assign those expenses in total.
Examples of indirect costs include:
Rent
Other overhead costs
Utilities
Professional expenses
General office expenses
Employee salaries (e.g., administrative)
Direct costs are those expenses that directly go into producing goods or providing services, while indirect costs are those general business expenses that keep you operating.
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At the end of the previous year, a customer owed Days Company $400. On February 1 of the current year, the customer paid $600 total, which included the $400 owed plus $200 owed through February 1st. The journal entry on February 1 is
The journal entry on February 1 for Days Company is as follows:
Journal Entry:February 1:
Debit Cash $600
Credit Accounts Receivable $600
To record the receipt of payment on account.Transaction Analysis:February 1: Cash $600 Accounts Receivable $600
Thus, the journal entry on February 1 will increase Cash by $600 and reduce Accounts Receivable by $600.
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A free rider is Group of answer choices Someone who only purchases resold goods or only uses items they can get for free. Someone who consumes a public good but does not pay for it. Someone who resells items they have purchased. Someone who gives away items they have purchased.
A free rider is option(b) i.e, Someone who consumes a public good but does not pay for it.
What is meant by the free rider?A free-rider problem is a form of market failure that happens when those who use resources, public commodities, or communal services underpay for them or do not pay for them at all. Free riders are an issue because they might still access or utilize the goods even though they aren't paying for them.
For instance, soliciting donations in a museum or garden. The donation sums would assist in paying for the garden/museum even if there would still be free riders.
Free riding hinders traditional free-market techniques of producing and consuming goods and services. Because individuals can still benefit from a shared resource even if they don't participate, free riders have no reason to do so.
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A manager at a software development company told his development group that it needed to create new payroll software for their own company. The group was given the system requirements and deadline for the first testing phase and told to work without management parameters. The company in this case is operating under a system of
The fact that the group was told to work without management parameters means that the company is operating under free-rein leadership.
What is free-rein leadership?This is a leadership style where employees are allowed to function with little management oversight.
Management in this case trusts employees to be creative and disciplined enough to accomplish tasks.
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The current yield on a bond is equal to A. annual interest divided by the par value. B. the yield to maturity. C. the internal rate of return. D. annual interest payment divided by the current market price.
Answer:
The answer to your question is A. annual interest divided by the par value.
Explanation:
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The theory of rational expectations indicates that households and businesses’ expectations change ________ and therefore ________ the effectiveness of monetary or fiscal policy.
The theory of rational expectations indicates that households and businesses’ expectations change immediately and therefore preclude the effectiveness of monetary or fiscal policy.
What is the theory of rational expectations?This is the term that is used in Economics to refer to the fact that the individuals and the people are known to base their decisions on their experiences, available information and their ability to make rational decisions.
This theory tells us that people do not just act. They have to consider these factors first in order to make the best choice that they need. Hence the The theory of rational expectations indicates that households and businesses’ expectations change immediately and therefore preclude the effectiveness of monetary or fiscal policy.
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At the most basic and fundamental level, parties are organized into _______________________.
The most basic and fundamental level, parties are organized into party organisation.
Parties prepared at the federal, kingdom, and neighborhood ranges? on the country wide level, political parties run applicants for Congress and the presidency. every celebration has its own countrywide committee made of birthday celebration leaders, elected officers, and the chairs of the nation birthday celebration corporations.
Political parties are often structured in similar methods throughout international locations. They normally function a unmarried birthday party chief, a collection of celebration executives, and a community of party individuals.
A political celebration includes separate components: the birthday celebration employer, the party in authorities, and the birthday celebration inside the citizens.Parties assist to informally shape elections with the aid of running applicants for office under precise party labels
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A financial model that measures the current value of all cash inflows and outflows of a project using management's minimum desired rate of return is known as the _________ model.
When a company uses a financial model that looks at the current value of cash inflows and outflows using a desired rate of return, this is the Net Present Value.
What is the Net Present Value?This is a method of checking the profitability of a project by checking just how much a project brings in over its costs.
The cash inflows and outflows are therefore compared at their present value which involves discounting at a minimum desired rate of return.
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Goal-setting theory is one of the most influential management practices. there is strong evidence that setting goals:______.
Goal-setting theory is one of the most influential management practices. there is strong evidence that setting goals increase employee engagement within the workplace.
In accordance with goal-setting theory, productivity can be increased by defining explicit, quantifiable goals. One may boost employee engagement while also enhancing employee performance in the workplace by implementing the goal-setting principle.
Goals should be sufficiently difficult to maintain employees' interest and concentration while carrying out the necessary tasks to accomplish each goal. Achieving goals that are overly time-consuming or simple may demotivate you and leave you feeling less satisfied with your accomplishments.
A key element of the goal-setting theory is feedback. To make sure tasks continue on track to accomplish the objective, frequent feedback should be given throughout the goal-achieving process.
Goals ought to be divided into smaller ones. A review and updating should be carried out once each smaller goal has been accomplished.
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When Treasury bills are auctioned off, if buyers are willing to pay $900 for a $1,000 treasury bill, the government is being asked to pay what percent in interest, if the bills mature after a period of one year?
The government is paying 10% in interest.
What interest on Treasury bills?
The interest on Treasury bills compares the interest earned by the investor to the face value of the T-bill, in other words, it is determined as the interest(i.e. face value-purchase price) divided by the face value.
From an investor's perspective, I mean the person buy purchasing the T-bill, his rate of return is the interest divided by the amount invested, which is the purchase price.
Interest=face value-purchase price
face value=$1,000
purchase price=$900
interest=$1000-$900
interest=$100
government's interest rate=interest/face value
government's interest rate=$100/$1000
government's interest rate=10%
In other words, the government by a way of issuing the bills is paying interest of 10% to the lenders
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True or false: the multiplicities on the duality association between purchases and cash disbursements depend on the nature of the business as well as the terms of individual purchases.
The statement is True. The multiplicities of the duality association between purchases and cash disbursements depend on the nature of the business as well as the terms of individual purchases.
Personal purchases manner a buy of products and offerings requested by using a member, or by using any worker of Conservation Halton or their circle of relatives contributors, the requirement for which isn't always for Conservation Halton or any of its functions, but is private to the man or woman asking for the purchase.
Original purchase charge approaches the fee paid through you for the motor automobile or a maximum of one hundred ten% of the market cost of the vehicle as described by way of Glass's manual Retail at time of purchase, whichever is the lesser such as all manufacturing facility equipped add-on) and after any discount given, but does no longer encompass the value of supplier-equipped add-ons, avenue fund license, new vehicle registration fee, gasoline, paintwork and/or upholstery protection kits, insurance rates together with the premium for this coverage, warranty rates, any finance arrears and one of these associated charges and any bad equity transferred from a preceding finance settlement.
Webster Jr. and Yoram Wind outline organizational shopping as the choice-making procedure by means of which formal companies set up the want for bought products and services and become aware of, examine, and pick out amongst opportunity brands and suppliers.
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