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3 years ago

Which of the following is true about open-end mutual funds?

1 answer:

6 0

The truth about open-end mutual funds is that they are bought or sold at their net asset value.

Open-end mutual fund is a type of fund which shares are bought and sold on demand at their net asset value, or NAV, which is based on the value of the fund's underlying securities and is generally calculated at the close of every trading day.

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Hilton Company manufactures two products: Product A100 and Product X500. The company currently uses a plantwide overhead rate ba

Serggg [28]

Answer:

Results are below.

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 765,000 / (7,000 + 6,200)

Predetermined manufacturing overhead rate= $57.95 per direct labor hour

Now, we can allocate overhead to each product:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Product Y:

Allocated MOH= 57.95*7,000= $405,650

Product Z:

Allocated MOH= 57.95*6,200= $359,390

Finally, the allocation rates based on ABC:

Machining= 231,000 /11,000= $21 per machine hour

Machine setups= 180,000/300= $600 per setup

Production design= 94,000 / 2= $47,000 per product

7 0

3 years ago

Theâ€‹ ________ approach recognizes that both financial and operational performance measures should be considered when evaluatin

Reil [10]

Answer:

The correct answer is balanced scorecard.

Explanation:

The concept of balanced scorecard came from the idea of looking at the strategic measures in addition to financial performance of an organization in order to have an holistic view of the organization's performance. It is also a strategic tool used in setting key performance indicators (KPIs) for organizations.

The balanced scorecard is used to:

set an organization goals, strategic intent and objectives
tailor the daily work performance towards strategic targets of the organization
design and delivery of projects, goods and services
then, set performance measurement

5 0

3 years ago

Select the items below that describe rational behavior in economics

Lana71 [14]

In economics rational behavior involves getting the most satsfaction from a choice and working within the given conditions.

3 0

3 years ago

A company has $10,710 available per month for advertising. Newspaper ads cost $180 each and can't run more than 22 times per mon

True [87]

Answer:

22 radio advertisements will be used.

Explanation:

Note: A similar complete question is as follow as the question provided is incomplete "A company has $11,970 available per month for advertising. Newspaper ads cost $110 each and can't run more than 25 times per month. Radio ads cost $410 each and can't run more than 32 times per month at this price. Each newspaper ad reaches 5950 potential customers, and each radio ad reaches 7100 potential customers. The company wants to maximize the number of ad exposures to potential customers. Use n n for number of Newspaper advertisements and r r for number of Radio advertisements . Maximize P"

Number of potential customers that can be reached due to each dollar spent in newspaper advertising = 5950 / 110 = 54.09

Number of potential customers that can be reached due to each dollar spent in Radio advertisements = 7100 / 410 = 17.32.

As the number of potential customers reached by each dollar spent is more from the newspaper advertising, we will use all the newspaper advertising opportunities before going for the radio advertisements. So, we will choose to have 25 newspaper advertisements in the month.

The cost of 25 newspaper advertisements = 25*110 = $2750.

Amount left = $11970 - $2750 = $9220.

Number of radio advertisements possible in this budget = 9220 / 410 = 22.48

Hence, 22 radio advertisements will be used.

3 0

3 years ago

The standard factory overhead rate is $7.50 per machine hour ($6.20 for variable factory overhead and $1.30 for fixed factory ov

lesantik [10]

Answer:

$26,000 adverse variance

Explanation:

Fixed Overheads Volume Variance = Budgeted Overheads at Actual Output - Budgeted Fixed Overheads

= $1.30 x 60,000 hours - $1.30 x 80,000

= $78,000 - $104,000

= $26,000 adverse variance

The fixed factory overhead volume variance is $26,000 adverse variance

7 0

3 years ago