Answer: Creativity.
Professionalism.
Risk-taking.
Passion.
Planning.
Knowledge.
Social Skills.
Open-mindedness towards learning, people, and even failure.
Answer: The total manufacturing cost variance is made up of direct material cost variance, direct labor cost variance and factory overhead cost variance. (Option C).
Explanation:
Some of the goals of manufacturing companies are to increase company’s revenue and profit. To achieve this, a company needs to know how to manage its costs and these may cause variances in manufacturing.
The total manufacturing cost variance is made up of direct material cost variance, direct labor cost variance and factory overhead cost variance. These costs are the differences between the actual cost incurred and the set cost. These variances help managers to know if the company is meeting up to the required standard.
Answer:
It will take 6 whole years to be able to withdraw all the money
Explanation:
To calculate the number of years it will take for the present value in your account to reach the future value we can adopt the expression below;
FV = PV (1 + r/n)^(nt)
where;
FV = the future value of the initial investment
PV = Present value of the initial investment
r = the annual interest rate
n = the number of times that interest is compounded per unit t
t = the time the money is invested for
In our case;
FV=$6,600
PV=$4,400
r=8/100=0.08
n=interest is compounded annually which is once a year=1
t=unknown
Replacing values in the formula;
6,600=4,400(1+0.08/1)^(1×t)
6,600=4,400(1+0.08)^t
6,600=4,400(1.08)^t
1.08^t=6,600/4,400
1.08^t=1.5
ln 1.08^t=ln 1.5
t×ln 1.08=ln 1.5
t=(ln 1.5)/ln 1.08
t=5.3 years
It will take 6 whole years to be able to withdraw all the money
Answer:
the use of supply chain partners to provide products or services.
Explanation:
In Business management, outsourcing can be defined as a process which involves an agreement between two companies that allows for the provision of services or job functions by another.
When a company is outsourced, it engages the service of another company (third-party) to perform some of its duties rather than the use of an in-house department or employees to handle them. The outsourcing firm is saddled with the responsibility of physically distributing the goods or services of the outsourced company.
Hence, outsourcing refers to the use of supply chain partners to provide products or services.
Answer and Explanation:
The computation is shown below:
a. Amount of adjusting entry for uncollectible accounts
= Estimated balance of Allowance for Doubtful Accounts + debit balance
= $16,400 + $4,000
= $20,400
b. Adjusted balances
For account receivable
= account receivable
= $420,000
For allowance for doubtful debts
= Estimated amount
= $16,400
For bad debts
= AMount of adjusting entry
= $20,400
c. Net realizable value
= Account receivable balance - estimated balance of Allowance for Doubtful Accounts
= $420,000 - $16,400
= $403,600
