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3 years ago

The evms term that represents the value of work actually accomplished is:

1 answer:

8 0

The EVMS term that represents the value of work actually accomplished is EV. EVMS stands for earned value management system. This system allows businesses to see the cost that is budgeted for work that needs to be done. EV refers to the earned value that is found in the work being accomplished.

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Describe at least four factors that affect the demand for a particular commodity.

MrMuchimi

Answer with Explanation:

There are so many factors affecting the demand for a particular commodity. Four of these are: the price of the complements, the income of buyers, changes in trend and advertisements.

1. The price of the complements - Some commodities are complementary with each other, just like cars and gas. If the price of cars decreases, then many people will purchase their own cars, which also follows that the demand for gas will increase.

2. The income of buyers - If the income of a person increases, then he will most likely purchase a particular commodity because he can afford it and has an extra money to purchase goods.

3. Changes in trend - Many people purchase goods because they're on trend. For example, if flare pants are fashionable this year, then the demand for it will increase. Once they're no longer on trend, the demand will drop.

4. Advertisements - The more advertisements a company spends on, the more likely buyers will purchase a specific commodity.

5 0

3 years ago

Graham, Inc.'s April bank statement shows an April 30 balance of $5,120. Prior to reconciliation, its books show a cash balance

Mars2501 [29]

Answer:

$5,570

Explanation:

The purpose of a bank reconciliation statement is to reconcile the difference between Cash Book balance and Bank Statement balance. Also it is used to check accuracy of Cash Book and the accuracy of Bank Statement.

Graham, Inc.'s April bank reconciliation statement is prepared as :

Graham, Inc.

Bank reconciliation statement as at April 30

Balance as per Bank Statement $5,120

Add outstanding lodgments $800

Add back error at the bank $115

Less unpresented checks ($465)

Balance as per Cash Book $5,570

therefore,

The reconciled cash balance at April 30 on the bank reconciliation should be $5,570.

4 0

2 years ago

Eunice tells a colleague, "i wish professor carlson would retire. he's got a nice big office and the department can't afford to

Likurg_2 [28]

I believe that is an example of disengagement theory.
disengagement theory believe that a person will eventually disengage with his/her current social group as he/she got older.
This could happen either because that person already accomplish their final fulfillment in life or could no longer relate with the value that held by the current social group.

6 0

3 years ago

Water Technology, Inc. Incurred the following costs during 20xt. The company sold all f ts products manufactured during the year

Thepotemich [5.8K]

Answer:

Part 1

Variable Costs

Direct material $5,000,000

Direct labor $2,400,000

Fixed Costs

Utilities (primarily electricity) 120,000

Depreciation on plant and equipment 220,000

Insurance 150,000

Supervisory salaries 400,000

Property taxes 230,000

Salaries of top management and staff 372,000

Office supplies 45,000

Depreciation on building and equipment 80,000

Part 2

Forecast the 20x2 cost amount for each of the cost items listed

Direct material ($5,000,000 x 1.20) $6,000,000

Direct labor (2,400,000 x 1.20) $2,880,000

Utilities (primarily electricity) $120,000

Depreciation on plant and equipment $220,000

Insurance $150,000

Supervisory salaries $400,000

Property taxes $230,000

Salaries of top management and staff $372,000

Office supplies $45,000

Depreciation on building and equipment $80,000

Explanation:

Variable Costs vary with the level of production. Examples are Direct Materials and Direct labor.

Fixed Costs remain constant for any production level. Examples are Depreciation and Utilities such as electricity.

A growth in Sales will affect the Variable Costs only. As production increases to meet the 20 percent growth in sales so do these costs since they vary in direct proportion to the level of production.

4 0

3 years ago

Alameda Tile sells products to many people remodeling their homes and thinks that it could profitably offer courses on tile inst

Aneli [31]

Answer:

Alameda Tile

a. The enrollment to enable Alameda Tile to break even = 500 students.

b. To make an operating profit of $80,000, number of students

= 750 students

c. With projected enrollment for the year of 800 students:

1. Operating profit = Total Contribution - Fixed Costs

= ($320 * 800) - $160,000

= $96,000

2. a) Operating Profit, if the tuition per student decreased by 10%.

New selling price = $720 which is $800 * (1 - 10%)

Variable cost 480

Contribution $240

Operating profit = Total Contribution - Fixed Costs

= ($240 * 800) - $160,000

= $32,000

2. b) Operating Profit, if the tuition per student increased by 20%.

New selling price = $960 which is $800 * (1 + 20%)

Variable cost 480

Contribution $480

Operating profit = Total Contribution - Fixed Costs

= ($480 * 800) - $160,000

= $224,000

3. a) Operating Profit, if variable costs per student decreased by 10%.

Selling price = $800

Variable cost 432 $480 * (1 - 10%)

Contribution $368

Operating profit = Total Contribution - Fixed Costs

= ($368 * 800) - $160,000

= $134,400

3. b) Operating Profit, if variable costs per student increased by 20%.

Selling price = $800

Variable cost 576 $480 * (1 + 20%)

Contribution $224

Operating profit = Total Contribution - Fixed Costs

= ($224 * 800) - $160,000

= $19,200

4. Operating profit, if fixed costs reduced by 10% and variable cost increased by 10%:

Selling price = $800

Variable cost 528 $480 * (1 + 10%)

Contribution $272

Operating profit = Total Contribution - Fixed Costs

= ($272 * 800) - $144,000 ($160,000 * (1 - 10%)

= $73,600

Explanation:

a) Data and Calculations:

Tentative Price and Cost Characteristics:

Tuition $ 800 per student

Variable costs (tiles, supplies, and so on) 480 per student

Fixed costs (advertising, salaries, and so on) 160,000 per year

Per unit Tentative

Selling price = $800

Variable cost 480

Contribution $320

b) Computation of break-even point:

To break-even with fixed cost of $160,000, sales unit will be equal to:

Fixed cost/Contribution per unit = $160,000/$320 = 500 students

c) Fixed cost + Target Profit /Contribution per unit:

= ($160,000 + $80,000)/$320

= $240,000/320

= 750 students

5 0

3 years ago