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3 years ago

8

As a result of the tax, the price received by producers , and . as a result of the tax, the price paid by consumers , and total

consumer spending falls as long as demand is . true or false: consumer surplus rises if total consumer spending falls.

1 answer:

exis [7]3 years ago

7 0

This is false because consumer surplus declines because of the increase in price and reduction in quantity.

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A for-profit institution that works with large companies and corporations to manage deposits, loans, and investments is known as

Dima020 [189]

B. commercial bank is the answer.

4 0

3 years ago

Read 2 more answers

Direct labor or machine hours may not be the appropriate cost driver for overhead in all areas of manufacturing due to the compl

lord [1]

Answer:

WATERWAYS CORPORATION

1. Overhead Rates and Actual Cost

Activity Cost Activity-based Actual Cost

Pools Overhead Rates Assigned

Irrigation Installation $148 ($1,928,440/13,030) $1,925,480 ($148 * 13,010)

Machining $0.05 $1,668,800

(all machine use) ($1,668,750/33,375,000) ($0.05 * 33,376,000)

Customer Orders $11 ($28,600/2,600) $28,182 ($11 * 2,562)

Design $109 ($763/7) $654 ($109 * 6)

Selling $15 ($306,000/20,400) $309,150 ($15 * 20,610)

2. Classification of activities by level, unit level, batch level, product level, or facility level:

Testing of products (if all items are tested) Unit level

Testing of products (if all items are not tested) Batch level

Designing new products Product level

Packaging Unit level

Molding Product level

Assembling Batch level

Depreciation Facility level

Machine maintenance Facility level

Advertising Product level

Equipment setups Batch level

Electricity required to run equipment Unit level

Requisitioning materials Unit level

Explanation:

a) Data and Calculations:

ABC system for Waterways.

WATERWAYS CORPORATION

Activity Cost Estimated Expected Use

Pools Cost Drivers Overhead of Cost Drivers Actual Use

per Activity of Drivers

Irrigation Installation Labor cost $1,928,440 13,030 13,010

Machining

(all machine use) Machine hours 1,668,750 33,375,000 33,376,000

Customer orders Number of orders 28,600 2,600 2,562

Shipping none (direct) N/A N/A traced directly

Design Cost per design 763 7 6

Selling Number of sales calls 306,000 20,400 20,610

4 0

3 years ago

Which of the following actions puts you at risk for dumpster diving? A. Not shredding financial documents when you’re done with

Lelechka [254]

<span>Failure to shred financial documents, as given in option A, puts you at risk for dumpster diving. If financial documents are not shredded, then it is possible for bad actors going through your trash to recover personal and confidential information which can be used for various kinds of fraud and theft.</span>

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4 years ago

The following control procedures are used in Bunny’s Boutique Shoppe for cash disbursements. For each procedure, explain the wea

Sav [38]

Answer:

a. Principle Violated - Physical Controls

Weakness - The cheques are not stored in a secure area and so can be misused if people who find it have ill minds about it.

b. Principle Violated - Segregation of Duty

Weakness - The approval and payment of bills is done by the same individual. This can give rise to the store manager approving fraudulent payments and then authorizing it herself.

c. Principles Violated - . Establishment of responsibility; Documentation procedures

Weakness - Unauthorized employees making purchases.

Not all employees should have the power to approve purchases for resale.

Weakness - Use of cash instead of checks; no prenumbered invoices.

Checks should be used to disburse the cash so that payment may be cancelled if need be. Also prenumbered invoices should be used so that purchases can be tracked.

d. Principle Violated - Documentation Procedures

Weakness - Filing does not prevent a bill from being paid more than once

Just because the bills are filed does not mean that they won't be paid more than once. A more sophisticated method is needed that reflects when a bill has been paid to prevent it being paid for again.

e. Principle Violated - Independent Internal Verification

Weakness - The bank reconciliation is not independently prepared

The bank reconciliation should not be prepared by the same person who has been in charge of the accounting entries in the company. Someone else should do it to ensure that no fraudulent transactions were recorded.

7 0

3 years ago

Describe the three levels of selectivity. Describe an example for each.

Oksi-84 [34.3K]

Hi, you've asked an unclear question. However, I assume you're referring to levels of college selectivity.

Three levels of selectivity (college selectivity) are:

Most selective

Extremely selective

Very selective

Most selective: Colleges with this level of selectivity are said to accept fewer than 15% of all applicants, examples include, Harvard University, Johns Hopkins University, Stanford University

, Massachusetts Institute of Technology.

Extremely selective: Colleges with this level of selectivity are said to accept fewer than 35% of all applicants. Institutions under this category include Boston University, New York University, Georgia Institute of Technology, etc.

Very selective: The Colleges under this category accept fewer than 50% of all applicants. Examples are George Washington University, Kenyon College, Lafayette College,

North Carolina State University, etc.

These are some of the selectivity levels, you could find more Information from other online resources.

4 0

3 years ago