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sertanlavr [38]

4 years ago

13

Ella, a human resource manager, has written a report for the organizational director on the staffing needs of the company. along

with the report, she has also sent a memo explaining why the document is being forwarded to him. the accompanying document is called a _____.

1 answer:

Vikentia [17]4 years ago

8 0

Hey there!

the answer is

transmittal

thank you

Best regards

OFFICIALLYSAVAGE2003

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Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and determines that it should tak

Katen [24]

Answer:

<em>Total Overhead Variance $156750 Favorable </em>

Explanation:

Given Data

Byrd Company

Normal production capacity 100,000 units per year

Direct Labor Hours at normal capacity = 100,000

Total budgeted overhead at normal capacity is $1,100,000

Variable costs $400,000

Fixed costs$700,000

Actual Production 71,800 putters

Actual Direct Labor Hours 99,000

Actual Variable Overheads $ 197450

Actual Fixed Overhead Costs $ 734,800

<u><em>Formulae And Calculations</em></u>

Predetermined Variable Overhead Rate = Variable Costs / Direct Labor Hours

Predetermined Variable Overhead Rate = $400,000 / $100,000 = $ 4 per hour

Predetermined Fixed Overhead Rate = Fixed Costs / Direct Labor Hours

=$700,000 / $100,000 = $ 7 per hour

Applied Overhead = Applied Variable Costs + Applied Fixed Costs

= $ 4*99,000+ $ 7 *99,000= $ 396,000 + $ 693,000=

Applied Overhead =$ 1089,000

Total Overhead Variance = Actual Overhead - Overhead Applied

Total Overhead Variance =$ 197450+ $ 734,800-$ 1089,000

=932250-$ 1089,000= $156750 Favorable

It is favorable because actual is less than applied.

7 0

3 years ago

Precertification, Mandatory Second Surgical Opinion, and Concurrent Review are provisions in health insurance policies known as:

kakasveta [241]

Answer:

B, cost containment provision

Explanation:

Cost containment provision also known as case management provision is a method of managing health provision for individuals with high maintenance health issues. This case management or cost containment provision has steps which include intake, needs assessment, service planning, monitoring and evaluation.

Cheers.

6 0

3 years ago

The following transactions are for Kingbird Company.

ohaa [14]

Answer:

a. The journal entries to record the transactions woule be the following:

To record the sales

3 dec Debit Credit

Account receivables $473,800

Sales $473,800

To record the cost of goods sold

cost of goods sold $320,000

Merchandise Inventory $320,000

To record the allowance

8 dec Debit Credit

Sales return and allowance $22,800

Accounts receivable $22,800

To record the cash received from the customer

13 dec Debit Credit

Cash $446,490

Sales discount $4,510

Accounts receivable $451,000

Explanation:

a. The journal entries to record the transactions woule be the following:

First we have to prepare the journal entry to record the sales and cost of goods sold according to the given data:

To record the sales

3 dec Debit Credit

Account receivables $473,800

Sales $473,800

To record the cost of goods sold

cost of goods sold $320,000

Merchandise Inventory $320,000

Next we have to Prepare the journal entry to record the allowance as follows:

To record the allowance

8 dec Debit Credit

Sales return and allowance $22,800

Accounts receivable $22,800

Finally we have to Prepare the journal entry to record the cash received from the customer as follows:

To record the cash received from the customer

13 dec Debit Credit

Cash $446,490

Sales discount $4,510

Accounts receivable $451,000

Cash=$451,000-$4,510=$446,490

Sales discount=$451,000*1%=$4,510

Accounts receivable=$473,800- $22,800=$451,000

8 0

3 years ago

Suppose that today the exchange rate between the u.s. dollar and the chinese yuan is $1 =.12 yuan. if next week the exchange rat

goldenfox [79]

1.00000 CNY = 0.14418 USD

20 CNY == 2.88 USD

Nowadays, the name "Yuan" typically refers to the main unit of the People's Republic of China's currency, the renminbi (RMB). [Banknotes in RMB range in value from one Yuan to one hundred Yuan. Particularly in international contexts, it is also used as a synonym for that money; the ISO 4217 standard code for the renminbi is CNY, which stands for "Chinese yuan." (Using sterling to refer to British currency and the pound as the unit of account is a similar situation.)

Yuán literally means a "round thing" or "round coin" in Standard (Mandarin) Chinese. A silver round coin known as the yuan was used throughout the Qing Dynasty.

To learn more about Chinese yuan from the given link.

brainly.com/question/14350438

#SPJ4

5 0

2 years ago

Order these loans from highest monthly payment to lowest monthly payment. (Enter 1 as your answer to designate loan with highest

sergij07 [2.7K]

Answer:

(a) 5

(b) 3

(c) 1

(d) 4

(e) 2

Explanation:

The way to answer this question is actually simple and does not necessarily require complicated calculations, or computations of amortization schedules etc. You can answer the question by looking at it intuitively. Now, lets see how the mortgage works in practical life (given the information presented in the question). The loan amount is $300,000 with an interest rate of 3.5% per year. You would be paying a certain amount of interest on this loan on a monthly basis. This is calculated by multiplying the loan amount by one-twelfth of the interest rate since the quoted rate is on a yearly basis. So the <u>first </u>month's interest payment would be $875(300,000 x 3.5% / 12). Now, along with interest payments, you may a certain amount of money towards reducing the <em>principal </em>loan amount as well. So, we see that the first month's interest payment was $875 but the actual monthly payment (as per the loan agreement) might be higher because you are paying a bit off the principal as well. So, over the life of the loan, the principal payments will go up and interest payments would go down with the total monthly payments remaining the same until, at the end of the loan tenor, the loan is completely settled.

Now, some of the options mention a balloon payment. This balloon payment refers to a loan in which not all of the principal amount is run down by the maturity date. Which means, a certain portion of the principal amount (lets say $ 50,000) is remaining. This is referred to as a balloon payment since this is a payment, that is considerably larger than the monthly payments you were making, that needs to be paid in one go at the maturity date. We can see both logically and mathematically, that the higher the amount of the balloon payment, the lower the amount paid in monthly principal payments, and therefore, the lower monthly payment amount overall.

Now, out of the options presented, option (c) would have the highest number of monthly payments because the loan is being fully settled at maturity. This means that the monthly principal repayment component would be higher compared to the other loan options.

Option (d) would have the <u>one of the</u> lowest monthly payment since only interest is being paid on the monthly basis. The entire principal will be repaid at maturity (in a balloon payment of $300,000).

Option (a) would have the LOWEST monthly payment because, the loan amount is $300,000 whereas a considerably larger amount of $500,000 is being made in a balloon payment on maturity. This means that there is zero principal payment being made on a monthly basis AND the interest payment is lower as well. So, while the interest rate is the same as in the other loans (3.5%), the interest is being accumulated rather than being paid of on a monthly basis, and will be paid along with the entire principal payment in one massive balloon payment at the end of the loan tenor. Which means, this option would have the lowest monthly payments.

The rest of the options (b and e) come in between with option e having higher monthly payments than option d since the balloon payment amount is larger.

out of the options presented, most of them involve a balloon payment at maturity.

5 0

4 years ago