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marishachu [46]
3 years ago
5

Barney, a manager, is very conventional, resistant to change, habitual, and does not accept new ideas very easily. This implies

that Barney has:
Business
1 answer:
xxMikexx [17]3 years ago
4 0

Answer:

This implies or states to low openness to experience

Explanation:

Low openness to experience, it is related to people who are mostly dedicated to work they do and make sure that their tasks or work through to the end.

So, in this case, Barney, who is the manager is very resistant to adapt the change, very conventional and does not accept the new ideas so easily. This states that the manager, is very low for experiencing the openness or to the new ideas.

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Leonore's Luxury Leather Footwear Corp. conducted a SWOT analysis and determined that at least 57% of consumers would demand hig
arlik [135]

Option C

This vision of what could happen is known as a forecast

<h3><u>Explanation:</u></h3>

Forecasting and analysis SWOT are promoting accomplices in the business venture. SWOT recognizes the procedures practiced for designing a particular business model according to the company’s possible means and skills, including the circumstances in which the company serves.

It observes positive and negative circumstances both inside and outside the firm, that influence its success. The analysis benefits the company forecast or prognosticates varying trends that help the decision-making process of any business. Precise forecasting reduces risk and provides a measurable improvement in the efficiency of the decisions.

6 0
3 years ago
Calculate the degree of operating leverage for the company below:Expected Quantity 50,000Total costs300,000Variable costs215,000
Alecsey [184]

Answer:

Degree of Operating Leverage = 1.34

The Operating cash flow increases by 12%

The new operating cash flow is $290200

Explanation:

% change in Operating Cash Flow = Degree of Operating Leverage  * % change in sales

There is need to calculate Degree of operating leverage first. Degree of operating leverage = Contribution / EBIT

Where Contribution = OCF + Fixed costs / OCF

Fixed costs= Total costs - variable costs = 300000 - 215000

Fixed Cost= 85000

 

Degree of operating leverage = (250000 + 85000) / 250000

DOL= 1.34

% change in OCF = DOL * % change in sales

% change in sales = (56000 - 50000) / 50000 = 12%

% change in OCF = 1.34 * 12% = 16.08%

New OCF = 250000 * (1+16.08%)

=$250000 * (1 + 0.1608)

=$250000(1.1608)

= $290200

5 0
3 years ago
What is meant by price discrimination and why is it important to monopolies?
Dmitry [639]

Answer:

A discriminating monopoly is a single entity that charges different prices—typically, those that are not associated with the cost to provide the product or service—for its products or services for different consumers. Non-discriminating monopolies, on the other hand, do not engage in such a practice.

4 0
3 years ago
The aicpa's statements on auditing standards can be described as
sasho [114]
<span>The AICPA’s Statements on Auditing Standards is a guideline for auditors. This guideline shows what the minimal standards are in order for an auditor to perform their work correctly. These guidelines need to be followed in order to ensure accuracy and efficiency.</span>
8 0
3 years ago
Port Ormond Carpet Company manufactures carpets. Fiber is placed in process in the Spinning Department, where it is spun into ya
Schach [20]

Answer:

Port Ormond Carpet Company

1. Journal Entries:

Jan. 1:

Debit Materials $82,000

Credit Accounts payable $82,000

To record the purchase of materials on account.

Jan. 2:

Debit Work-in-Process - Spinning $42,600

Credit Materials $42,600

To record the materials requisitioned.

Jan. 2:

Debit Work-in-Process -Tufting $34,700

Credit Materials $34,700

To record carpet backing

Jan. 2:

Debit Overhead - Spinning $3,300

Debit Overhead - Tufting $2,900

Credit Materials $6,200

To record indirect materials used.

Jan. 31:

Debit Work-in-Process - Spinning $26,300

Debit Work-in-Process - Tufting $17,200

Credit Factory labor $43,500

To record direct labor costs.

Jan. 31:

Debit Overhead - Spinning $12,500

Debit Overhead - Tufting $11,900

Credit Factory labor $24,400

To record indirect labor costs.

Jan. 31:

Debit Overhead - Spinning $5,300

Debit Overhead - Tufting $3,100

Credit Factory Depreciation $8,400

To record depreciation costs.

Jan. 31:

Debit Overhead - Spinning $1,000

Debit Overhead - Tufting $800

Credit Factory Insurance $1,800

To record insurance costs.

Jan. 31:

Debit Work-in-Process - Spinning $22,400

Debit Work-in-Process - Tufting $18,250

Credit Factory Overhead $40,650

To record overhead costs applied.

Jan. 31:

Debit Work-in-Process - Tufting $90,000

Credit Work-in-Process - Spinning $90,000

To record the transfer to Tufting department.

Debit Finished Goods Inventory $153,200

Credit Work-in-Process- Tufting $153,200

To record the transfer to Finished Goods.

Jan. 31:

Debit Cost of Goods Sold $158,000

Credit Finished Goods $158,000

To record the cost of goods sold.

2. January 31 balances of the inventory accounts:

Finished Goods = $3,500

Work-in-Process - Spinning = $3,300

Work-in-Process - Tufting = $9,550

Materials = $600

3. Factory Overhead Accounts- Spinning:

Account Titles                   Debit      Credit

Jan. 31 Materials (Indirect)  3,300

Indirect labor                     12,500

Depreciation exp.               5,300

Factory insurance               1,000

Applied overhead                         22,400

Overapplied overhead         300

Factory Overhead Accounts- Tufting:

Account Titles                   Debit      Credit

Materials (Indirect)          $2,900

Indirect labor                    11,900

Depreciation expenses    3,100

Insurance expense             800

Applied overhead  -WIP-Tufting       18,250

Underapplied overhead                       450

Explanation:

a) Data and Calculations:

January 1 Inventories:

Finished Goods = $3,500

Work in Process- Spinning = $2,000

Work in Process - Tufting = $2,600

Materials = $4,800

Finished Goods

Account Titles                      Debit      Credit

Beginning balance             $8,300

Work-in-Process-Tufting  153,200

Cost of Goods Sold                          $158,000

Ending balance                                      3,500

Work-in-Process - Spinning

Account Titles                   Debit      Credit

Beginning balance        $2,000

Materials                        42,600

Direct labor                    26,300

Applied overhead         22,400

Work-in-Process -Tufting        $90,000

Ending balance                            3,300        

Work-in-Process - Tufting

Account Titles                   Debit      Credit

Beginning balance        $2,600

Carpet backing              34,700

Direct labor                     17,200

 Applied overhead          18,250

WIP- Spinning               90,000

Finished Goods                        $153,200

Ending balance                              9,550

 

Cost of Goods Sold

Finished Goods    $158,000

Materials

Account Titles                   Debit       Credit

Beginning balance          $4,800

Accounts payable           82,000

Work-in-Process - Spinning            $42,600

Work-in-Process - Tufting                 37,400

Manufacturing overhead- Spinning   3,300

Manufacturing overhead- Tufting     2,900

Ending balance                                     600

8 0
3 years ago
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