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1 year ago

The term used to describe expenses that are incurred by a specific department is?

Business

1 answer:

BARSIC [14]1 year ago

3 0

The term used to describe expenses that are incurred by a specific department is direct expenses.

Accounting divides business expenses into two categories: operating expenses and non-operating expenses.

The operating expenses are associated with the primary activities of the business, such as the cost of goods sold.

Non-operating expenses, on the other hand, are those incurred that are unrelated to the primary activities of the business entity.

Option a. is not correct. Indirect expenses aid in the operation of the business but are not directly traceable to the products, such as corporate office rent, employee salaries, and so on. In general, indirect expenses are recorded on the income statement under the heading "Selling and general administrative expense."
Option b. is also wrong. There are no such things as margin costs.
Option c is not correct. Departmental expenses are expenses, but they are not expenses incurred by a particular department.
Option d. is the correct response. Direct Expenses are expenses incurred solely for the benefit of specific departments.

Hence, direct expense is the answer.

Learn more about direct expenses:

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Company ABC, based in Tennessee, sources goods from Southeast Asia to take advantage of labor cost savings. This is an example o

hammer [34]

Answer:

the globalization of production.

Explanation:

Since company ABC, based in Tennessee, sources goods from Southeast Asia to take advantage of labor cost savings. This is an example of the globalization of production.

Globalization of production can be defined as the process of sourcing goods and services from other countries (locations) around the world in order to take advantage of labor cost savings and quality of other factors of production such as land and capital.

Additionally, globalization can be defined as a strategic process which involves the integration of various markets across the world to form a large global marketplace.

<em>Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world</em>.

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3 years ago

Turkey Corp., a cash basis calendar year C corporation in Savannah, Georgia, has $100,000 of accounts receivable on the date of

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Answer:

The correct answer is $24,500.

Explanation:

According to the scenario, the given data are as follows:

Total Account receivable = $100,000

Amount collected = $70,000

So, if there is sufficient taxable income, then assume tax rate to be 35%.

So, we can calculate the Gains tax by using following formula:

Gain tax = Amount collected × Tax rate

By putting the value, we get

Gain tax = $70,000 × 35%

= $24,500.

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3 years ago

When students in a large class were surveyed about how much they would be willing to pay for a coffee mug with their university'

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Answer and Explanation:

1> Let's solve the standard economic model first based on rational expectation.

Since the medium willingness to pay is $5, we can assume half the people have more willingness to pay than $5 and half the people have less. (Since it's a large class, we can assume this)

So, half of them who got the mug will sell, according to standard theory.

2> Now behavioral economist will disagree. People who got the mug, get an emotional and nostalgic attachment with it, thus they would not like to sell it because they get utility after having something, so by behavioral theory, less than half of pupils who got the mug will sell.

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3 years ago

A person who buys stocks to make a little extra money consistently each year would be said to be doing so for __________________

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Answer:

Investment

Explanation:

To invest is to allocate money in the expectation of some benefit/return in the future.

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3 years ago

Edwin is the HR manager at a customer care unit with approximately 1,000 employees. He wants to statistically analyze the servic

Gre4nikov [31]

Full Question:

Edwin is the HR manager at a customer care unit with approximately 1,000 employees. He wants to statistically analyze the service data to make the recruitment process more effective by identifying desirable and undesirable qualities of employees. Edwin observes a high positive correlation between the employees' ability to adapt and the turnaround time. However, he decides to avoid using this criterion when recruiting employees. Which of the following, if true, would MOST strengthen this decision to avoid the criterion

A) The statistical significance of the correlation was found to be sixty percent.

B) Another trait, honesty, had a higher correlation coefficient than employees' ability to adapt.

C) The sample size used by Edwin was significantly larger than what was required.

D) Multiple regressions were observed among the variables used for the analysis.

Answer:

The correct answer here is A)

Explanation:

The key to decision making using statistical research is <em>Statistical Significance. </em>This means that a statistically significant observation is probably true. In this case, the statistical significance of his findings is 60%.

Cheers!

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3 years ago