Juan budgeted $300 for his upcoming vacation. In reality, he ended
up spending $550. What type of variance does this represent?
1. An unfavorable variance of $300
2. A favorable variance of $250
3.An unfavorable variance of $250
4. A favorable variance of $550
Answers
Answer:
3
Explanation:
an unfavorable varience of 250 because he went over his 300 he saved properly
According to this statement Juan end with an unfavorable variance of $550 budget.
What is unfavorable variance?A set of budget is a future of revenue and expenses, including fixed costs as well as variable costs. These budgets are important to corporations because it helps them plan for the future by projecting how much revenue is expected to be generated from sales.
So that companies can plan how much to spend on various projects or investments in the company.
Companies create sales budgets, which expects or forecast that how many new customers for new products and services are going to be sold by the sales staff in the upcoming months.
From there, companies can determine the revenue that will be generated and the costs needed to bring in those sales and deliver on those products and services.
Eventually, the company can project its income or profit after subtracting all of the fixed and variable costs from total revenue. If the net income is less than their expectations , the company has an unfavorable variance.
In other words, the company hasn't generated as much profit as they had hoped. However, an unfavorable variance doesn't necessarily mean the company took a loss. Instead, it merely means that the net income was lower than the forecasted projections for the period.
What is budget?A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis.
Budgets can be made for a person, a group of people, a business, a government, or just about anything else that makes and spends money.
A budget is a microeconomic concept that shows the trade-off made when one good is exchanged for another.
In terms of the bottom line—or the end result of this trade-off—a excessive budget means profits are anticipated, a balanced budget means revenues are expected to equal expenses, and a low budget means expenses will exceed revenues.
What is end?An end is a conclusion or a last part of a long object. To end is to cease. The word end has many other senses as a verb, noun, and adjective and is used in several idioms.
End is a very general word that means a conclusion or a part that is near the conclusion.
For example, the end of the summer is the exact moment that it stops being summer, while the end of a movie is the last scene or even the last act. End is often used figuratively to mean death, which is the end of a person’s life.
Hence, option D is the correct answer
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Related Questions
cardiogenic shock following ami is caused by:
Answers
Cardiogenic shock following ami is caused by:
Decreased pumping force of the heart muscle.What is Cardiogenic Shock?Cardiogenic shock is an aftermath of Acute Myocardial Infarction. It arises because of the body's sudden inability to pump a sufficient amount of blood to the vital organs of the body.
The mortality rate due to cardiogenic shock is above average.
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In year 1, a corporation incurred $3,500,000 of costs related to the development of a new software product. Of these costs, $1,000,000 was incurred after technological feasibility was established. The product development was completed and the product was available for sale to customers early in year 2. The corporation estimated that revenues from the sale of the new product would be $1,200,000 over five years. What amount of expense should the company report for year 1
Answers
The amount of amortization expense on software development in year 1 comes out to be $200,000.
What is amortization?Amortization is the concept being applied to intangible assets to show the reduction in the value over its useful life.
The amount of amortization expense on the development of software can be determined by dividing the cost of $1,000,0000 spent for establishing technological feasibility by the number of years, that is, 5 years till the asset become sold.
Therefore, in year 1, the cost of amortization comes out to be $200,000 after incurring the technological feasibility.
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The return that shareholders require on their investment in the firm is called the:
Answers
The return that shareholders require on their investment in the firm is called the dividend.
What is the dividend?
The dividend is the payment made to the shareholders of a company after debt obligations and preferred shareholders have been paid. A shareholder is a person who is regarded as the owner of a public company.
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A company that is based in boston is a ____ company
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When a company is based in Boston then it is considered to be a Northeastern company.
What is a company located in Boston called?Boston is in the Northeast of the country and it is known for its history of industrial leadership.
A company that is based here would therefore be considered a Northeastern company which affiliates them with the excellence of Boston industrial production.
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Daniel is due to receive the balance of his trust fund in 5 years; as a result he has taken out a(n) ________ mortgage where he has made small payments for several years and will pay off the balance in one large payment with his trust funds. Question 25 options: shared appreciation graduated payment fixed rate balloon payment ARM
Answers
Because Daniel is due to receive the balance of his trust fund, the Balloon Payment mortgage will pay off the balance in one large payment with his trust funds.
What is a Balloon Payment mortgage?This refers to a mortgage that does not fully amortize over the term of the note thereby leaving a balance due at maturity
Here, the the Balloon Payment mortgage will pay off the balance of Daniel in one large payment with his trust funds.
Therefore, the Option D is correct.
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The following transactions apply to Ozark Sales for Year 1:
1. The business was started when the company received $50,000 from the issue of common stock. 2, Purchased inventory of $380,000 on account.
3. Sold for $510,000 cash (NOT including sales tax). Sales tax of 8 percent is collected when the merchandise is sold. The merchandise had a cost of $330,000.
4. Provided a six-month warranty on the merchandise sold. Based on industry estimates, the warranty claims would amount to 2 percent of sales.
5. Paid the sales tax to the state agency on $400,000 of the sales.
6. On September 1, Year 1, borrowed $50,000 from the local bank. The note had a 4 percent interest rate and matured on March 1, Year 2.
7. Paid $6,200 for warranty repairs during the year.
8. Paid operating expenses of $78,000 for the year.
9. Paid $250,000 of accounts payable.
10. Recorded accrued interest on the note issued in transaction no. 6.
Prepare the journal entries for the preceding transactions and post them to the appropriate T-accounts.
Answers
Answer:
Current liabilities: Accounts payable$130,000
Sales tax payable 8,800
Warranty Payable 4,000
Interest payable 667
Notes payable 50,000
Total current liabilities$193,467
Explanation:
Anyone have an idea how to create a NPV Spreadsheet which intakes a 6% discount factor.
My actual question is very similar to this, If someone could give me a step by step breakdown it would be much appreciated
Answers
The way to calculate an NPV Spreadsheet using the NPV Function are:
=NPV(discount rate, series of cash flow)Step 1: Set a discount rate in a cell.Step 2: Establish a series of cash flows (must be in consecutive cells).Step 3: Type “=NPV(“ and select the discount rate “,” then select the cash flow cells and “)”.What is an NPV Function?This refers to the excel function that is used to calculate the net present value and the discount rates for cash flows.
Hence, we can see that given that you have the discount factor, the annual operating costs, and annual benefits, you would then need to add the present value of all +ve cash flows and subtract the present value of all -ve cash flows.
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Factory labor charges that cannot be easily traced to a job are treated as ______.
Answers
Answer:
Manufacturing overhead
33. when advertisers use extremely attractive models to demonstrate products, they are relying, in part, on the power of ____ to change consumers' attitudes.
Answers
When advertisers use extremely attractive models to demonstrate products, they are relying, in part, on the power of b. classical conditioning to change consumers' attitudes.
What is classical conditioning in advertising?Classical conditioning in advertising is the use of positive features that create an atmosphere of enjoyment so that consumers are forced to associate good feelings and having fun with the product.
Classical conditioning creates an unconditioned stimulus (US) and the unconditioned response (UR).
a. observational learning
b. classical conditioning
c. reinforcement
d. punishment
Thus, when advertisers use extremely attractive models to demonstrate products, they are relying, in part, on the power of b. classical conditioning to change consumers' attitudes.
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Suppose executives at an art museum know that 100 adults are willing to pay $12 for admission to the museum on a given weekday. Suppose the executives also know that 200 students are willing to pay $8 for admission on the same weekday. The cost of operating the museum on that weekday is $2,200. How much profit will the museum earn in the weekday under attention if it engages in price discrimination
Answers
The museum will earn $600 on a weekday.
What is an art museum?A structure or area designated for the exhibition of art, typically from the museum's own collection, is known as an art museum or gallery. It may be owned by the government or a private individual, and access may be open to everyone or subject to limitations.Who are executives?An executive manages operational activities for their company or organization and is typically in charge of developing policies and strategies to achieve organizational objectives. Executives frequently travel to conferences, meetings, and local, regional, national, and worldwide offices.Solution -
Adults willing to pay = 100 and their fees = $12.
Students are willing to pay = 200 and their fees = $8.
Operating cost of museum = $2,200.
To find the profit, do the following:
[tex](100 * 12) + (200 * 8) = 1200 + 1600 = 2800\\2800 - 2200 = 600[/tex]
Therefore, the museum will earn $600 on a weekday.
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For a firm to sustain any competitive advantage over time, the fit between its internal strengths and external environment needs to be ______.
Answers
For a firm to sustain any competitive advantage over time, the fit between its internal strengths and external environment needs to be dynamic.
How can a firm maintain its advantage over rivals?Cost Leadership, Differentiation, and Focus are the three methods for creating a competitive advantage (Cost-focus and Differentiation-focus).
Why should businesses create a long-lasting competitive advantage?The secret to business success is maintaining a sustainable competitive advantage. It is the driving force behind a company's increased focus, increased sales, improved profit margins, and stronger customer and employee retention than rivals.
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In her new job, alison determined to make her _____________from the start
Answers
In her new job, alison determined to make her mark from the start. Hence, the correct answer is mark. Read below about making one's mark.
What does it mean to make mark?If one makes his/her mark or make a mark, one becomes noticed or famous by doing something impressive or unusual.
Therefore, the correct answer is mark.
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Which is an example of a preventative measure related to possible medical
identity theft?
A. Checking your medical records carefully
B. Calling your medical provider
O C. Calling your insurance company
D. Contacting the Federal Trade Commission (FTC)
Answers
An example of a preventative measure related to medical identity theft would be carefully checking the medical records of a person. Option A is correct.
What is a preventative measure?In opposition to disease treatment, preventative measures refer to actions or steps taken to ward off illness. The usual categories used to describe preventive care strategies are primary, secondary, and tertiary prevention.
Maintaining control of medical identity cards and routinely reviewing medical bills, credit reports, medical benefit accounts, and instruction invoices are examples of preventative measure.
Medicare and Social Security cards that have been stolen away require to be accounted right away to the Social Security Administration.
Therefore, option A is correct.
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Answer: A. Checking your medical records carefully
Explanation: just got it right
What would chester corporation’s market capitalization be if the current stock price fell 10%?.
Answers
If the current share price drops by 10%, Chester Corporation will have a market capitalization of $ 73,668,639 or $ 73.7 million.
Market capitalization = current stock price x total number of issued shares.
I don't know the total number of issued shares or the current stock price, so I can use another question as an example.
Another question is that the total number of issued shares is 3,225,987 and the current share price is $ 20.76. So if the current market capitalization = 3,225,987 x $ 20.76 = $ 66,971,490
stock price rises 10% ($ 22.836), Chester's market capitalization = 3,225,987 x $ 22.836 = 73,668. $ 639 or $ 73.7 million.
What defines stock price?The stock price is a relative and proportional value of a company's worth. Therefore, it only represents a percentage change in a company's market cap at any given point in time. Any percentage changes in a stock price will result in an equal percentage change in a company's market cap.
What is market capitalization?Market capitalization, or market cap, is the total value of a company’s shares of stock. Market cap is calculated by multiplying the number of stock shares outstanding by the current share price. Shares outstanding includes all shares — those available to the public as well as restricted shares available to and held by specific groups.
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Producer surplus is the difference between Multiple Choice the maximum prices consumers are willing to pay for a product and the lower equilibrium price. the quantity supplied and quantity demanded at an above equilibrium price. the maximum prices consumers are willing to pay for a product and the minimum prices producers are willing to accept. the minimum prices producers are willing to accept for a product and the higher equilibrium price.
Answers
Producer surplus is the difference between the minimum prices producers are willing to accept for a product and the higher equilibrium price.
What is producer surplus?This is used in economics to measure the welfare of the producer. It is the difference between what the producer is willing to make a supply of his goods for.
This difference is in relation to the amount that he is known to make from selling.
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When a pizza maker lists the price of a pizza as $10, this is an example of using money as a:
Answers
When a pizza maker lists the price of a pizza as $10, this is an example of using money as a unit of account
What is a unit of account?A unit of account is a standard numerical unit of money used for measuring goods and services.
According to the question, the price of the pizza is a unit of account because it was used to measure the price of the goods.
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he post-closing trial balance differs from the adjusted trial balance in that it does not a.include income statement accounts b.take into account closing entries c.take into account adjusting entries d.include balance sheet accounts
Answers
Trial balance is a statement of all debits and credits in a double-entry account book is does not include income statement accounts.
What is trial balance?
An accounting worksheet where the balance of all general ledger accounts for debit and credit is equal is referred to as a "trial balance" in a financial report.
Because they are entries of the statements of operation expenses and revenue, trial balances are included in account closure entries and account adjusting entries but not in balance sheet accounts or income statement accounts.
As a result, option a is correct does not included income statement account.
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The ""invisible hand"" works to promote general well-being in the economy primarily through:.
Answers
The "invisible hand" works to promote general well-being in the economy primarily through people's pursuit of self-interest. therefore, Option A is the correct statement.
How does the Invisible Hand work?The invisible hand is a part of laissez-faire, which means the "let do/permit go," method in the marketplace. In different words, the method holds that the marketplace will discover equilibrium without authorities or different interventions forcing it into unnatural patterns.
The complete information about the question is given below:
a. people's pursuit of self-interest.
b. the political process.
c. government intervention.
d. altruism.
therefore, The "invisible hand" works to promote general well-being in the economy primarily through people's pursuit of self-interest. Option A is the correct statement.
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a country's gross domestic product would exceed its gross national product when the ____________.
Answers
A country's gross domestic product would exceed its gross national product when the net of income of resident oversees and income earned by foreign residents is negative.
What is GDP and GNP?Gross national product (GNP) is the sum of GDP, income earned by residents from overseas investments less income earned by foreign residents.
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
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When there are many substitutes available in the market for a particular product, consumers _______. a. have a hard time switching from one product to another, making demand more inelastic b. can easily switch from one product to another, making demand more inelastic c. have a hard time switching from one product to another, making demand more elastic d. can easily switch from one product to another, making demand more elastic
Answers
The outcome that is likely to occur when there are many substitutes available in the market for a particular product, is that customers can easily switch from one product to another, making demand more elastic.
What is Demand?This refers to the quantity of goods that are needed by customers at any given time that affects price and supply.
Hence, we can see that in the case where there are many substitutes for a particular product, this would lead to a more elastic demand because the people can easily switch from one product to another.
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Describe how you have worked with another person to achieve a goal. Describe a situation, your actions, and the outcome.
Answers
To achieve an objective working in a team it is necessary that this team is integrated, where each member can contribute with ideas and knowledge.
There are also several tools and methods for teams to use to achieve organizational goals, such as using SMART Goals.
What is SMART Goals?It is a technique used to direct actions to achieve objectives and goals, the word SMART being an acronym for each factor that must be followed to achieve the goals, which are:
SpecificMeasurableAchievableRelevantTime-boundTherefore, to achieve objectives and goals working as a team, it is essential that the work is planned, directed and well structured to be successful.
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Many corporate executives reported that they use social media to communicate their socially responsible activities to customers because it: Multiple select question. reaches broad and diverse groups allows them to connect directly with customers allows them to reach specific groups more directly is costly, but worthwhile in reaching specific customers
Answers
Many corporate executives reported that they use social media to communicate their socially responsible activities to customers because it allows them to connect directly with customer.
What is social responsibility?It should be noted that social responsibility is when a company monitors and does things that will be beneficial to the public.
In this case, many corporate executives reported that they use social media to communicate their socially responsible activities to customers because it allows them to connect directly with customer.
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Answer:
reaches broad and diverse groups
allows them to connect directly with customers
allows them to reach specific groups more directly
Explanation:
The strategy of distinguishing one firm’s product from the competing products of other firms is called product.
Answers
product differentiation the strategy of distinguishing one firm's product from the competing products of other firms.
What is product differentiation?Product differentiation serves as the activities that are been put in place to make the product or service of a company to stand out to the target audience.
It serves as the idea that distinguish what the company sell from that of the competitors to increases brand loyalty as well as sales.
THE COMPLETE QUESTION IS;
__________the strategy of distinguishing one firm's product from the competing products of other firms.
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When sending a group email, how do you ensure that one or several recipients cannot see the names of other recipients? select only one.
Answers
The option that is used is Blind Carbon Copy (BCC).
When sending an email message to a big group of individuals, it is advisable to use the Blind Carbon Copy (BCC) option for security and privacy reasons. Whenever user put email addresses in the BCC area of a message, the addresses are hidden from the recipients.
In contrast, any email addresses you include in the To or CC fields are accessible to everyone who gets the message.
If a person's email address is included in the BCC field, they would receive a copy of the email in their inbox as if they were CC'd.
The difference is that their email address would not be visible to the other persons in the email chain, and as a result, they will not receive further Reply or Reply All messages from others in the thread. It's worth noting that BCC receivers can't see each other either. Consider it a stealth mode CC.
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The relationship between the number of years for the mortgage / home loan and the monthly payment amount.
Answers
Answer:
If A = { a , c , e } , B = { b , c , d ) and C = { a , c , d , f ) , find n ( A n B n C)
Since 1950, the number of employees who work in the federal bureaucracy has ________ and the number of employees who work in both state and local government has ________.
Answers
Since 1950, the number of employees who work in the federal bureaucracy has decreased and the number of employees who work in both state and local government has increased.
What is the federal bureaucracy?
This is the term that is used to refer to the administrative body of the executive government of the United States.
From time it has been said that the people working here has reduced and that of the local government has grown.
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Consider the following case: John Smith is a archaeologist with a Ph.D. He has excavated sites across much of South America and unearthed many ancient artifacts. He is a leader in the field of archaeology. John decides that he will market and sell a new haircare product and on his advertisements lists his Ph.D. after his name, though he has never had any training in dermatology or any other health-related science. Evaluate as true or false: John Smith's use of his Ph.D. on advertisements for haircare products is an example of the fallacy of inappropriate expertise. Question 6 options: True False
Answers
According to the case, the use of Ph.D. on the ads for hair care products by John Smith is considered an example of the fallacy of inappropriate expertise.
The provided statement is true.
What is a fallacy?A fallacy is an unlawful statement that is used by someone in stating any reasoning or argument which can even be harmful to society.
In the given case, John is having Ph.D. degree in the archaeology field, and his attempt to use the word Ph.D. on the haircare goods marketed by him would be a fallacy in respect of inappropriate expertise. The fallacy could be the use of the Ph.D. word on ads and the inappropriate expertise is that he doesn't have any knowledge regarding skincare and dermatology area.
Therefore, this may create a harmful effect on the individuals who are buying them as it is not authorized by a dermatologist.
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How quickly must you file a report with the michigan dnr if property damage exceeds $2,000?.
Answers
The amount of time that is allowed before filing a report with the Michigan Dnr if property damage exceeds $2,.000 is 5 days.
What is Insurance?This refers to the coverage that a product or service has and subscribed for that is covered in the event of theft, loss, or other unforeseen circumstance.
Hence, we can see that in the case of property damage, the maximum amount of time given to file to the Michigan DNR is five days if the damage to the vessel and other property damage totals more than $2,000.
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Privacy concerns are one of the biggest reasons people don't purchase goods and services online.
true
false
Answers
As regards people not purchasing online because of privacy concerns, this statement is True.
Why are people skeptical of online sales?There is a general belief amongst many that purchasing goods online can violate one's privacy and security as regards using credit and debit card information to pay for goods.
As a result, people are always skeptical of buying things online but this hasn't stopped a lot of people.
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what factors played a role in america's economic stagnation
Answers
The factors that played a role in America's economic stagnation are the:
Replacement of human labor with machinesThe oil boom in foreign marketsWhat was the stagnation about?In the 1970s America suffered a major economic blow that led to the increase in prices of commodities and the increase in unemployment.
The increase in unemployment can be attributed to the advent of machines that were beginning to greatly displace human labor. Oil boom in foreign markets was another cause of the economic crisis.
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