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3 years ago

The duty of a firm to maximize profits for its owners or stockholders is referred to as _________.

1 answer:

7 0

Profit responsibility refers to the duty of a firm to maximize profits for its owners or stockholders. They should maximize and balance profit-making activities that will benefit the society in general. There is a need to contribute o avoid or reduce negative publicity or generate positive press to improve your brand.

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Rock industries allocates manufacturing overhead at a predetermined rate of 160% of direct labor cost. Any overallocated or unde

nadya68 [22]

Answer:

Cost of goods manufactured for November.

Manufacturing Schedule Cost

Beginning Inventory (Job 205) $11,800

Direct materials $26,000

Direct labor costs $21,000

Applied Overheads ($21,000 x 160%) $33,600

Less Ending Inventory (Job 104) ($6,900)

Cost of Goods Manufactured $85,500

Journal entries to record the current month activity.

Debit : Work In Process $80,600

Credit : Direct materials $26,000

Credit : Direct labor costs $21,000

Credit : Applied Overheads ($21,000 x 160%) $33,600

Calculation of amount of over allocated or under allocated manufacturing overhead

Actual Manufacturing Overheads = $32,000

Applied Manufacturing Overheads = $33,600

Therefore, Overheads Over-applied = $1,600

4 0

3 years ago

Your project sponsor has asked you to explain the negative or threat risk response strategies and the opportunity or positive ri

Semmy [17]

Answer: kindly check explanation

Explanation: Risk as related to a project may be reffered to as occurrences or factors which could affect a project, they may not always be negative as usually perceived, they may be positive. Hence, when a perceived negative risk is perceived, it is essential to escalate and ensure that the necessary stakeholders become aware so as to find ways of mitigating or avoiding such happening.

In the case of positive risk or opportunity, escalating is equally important as it ensures relevant executives are aware and hence work on ways or processes to foster, embrace and exploit the advantage.

3 0

3 years ago

Imagination Dragons Corporation needs to raise funds to finance a plant expansion, and it has decided to issue 15-year zero coup

Vladimir79 [104]

Answer:

a) Zero coupon bond does not pay periodical interest and formula to compute the value of a zero-coupon bond:

Value = Face Value / (1 +Yield / 2) ** Years to Maturity * 2

b) Interest deduction

After 1 year bond value from the above equation is 437.08

437.08 - 411.99 = 25.09

In the 14th year bond value from the above equation is 942.60

1000 - 942.60 = 57.40

c) Straight Line Method

Total Interest Paid = 1000 - 411.99

= 588.01

For yearly calculation

588.01 / 15 = 39.21

Further computation is done in the image below.

8 0

3 years ago

Read 2 more answers

The three areas in which Americans spent most of their money are

algol13

B clothing, entertainment, and health care

4 0

3 years ago

Suppose that a college physics experiment goes horribly wrong and releases an electronic pulse that renders all electronic equip

docker41 [41]

It will decrease because the marginal productivities of workers will decrease. Diminishing marginal product occurs when the marginal product of an input goes down as the quantity of the input goes up. The transformation in product resulting from employing one more unit of a particular input for instance, the change in output when a firm's labor is mark up from five to six units, assuming that the mass of other product are kept constant is called The input of marginal product or marginal physical product.

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4 years ago