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almond37 [142]
3 years ago
9

Barry and his friends tended to favor a tuition increase that would be used to improve technological facilities. After discussin

g this, their group opinion was even more strongly in favor of a tuition increase. Such a shift in the attitudes of a group BEST illustrates ___________.
Business
1 answer:
swat323 years ago
8 0

Answer:

group polarization

Explanation:

Group polarization: In social psychology, the term "group polarization" is described as the propensity for a specific group to make a few decisions that are considered as more extreme as compared to the initial inclination of the group's members. However, group polarization occurs either in the direction of conservativeness or riskiness.

In the question above, the given statement represents group polarization.

You might be interested in
What leadership approach is considered the most dominant among the styles and why?
Lana71 [14]

Answer:                        

Democratic leadership approach

Explanation:

Democratic leadership, often recognized as participatory leadership, is a form of management style wherein team members play a much more participatory position in the procedure of  making business decisions.

        The option to engage is provided to all in such a framework, ideas are openly shared and conversation is promoted. Because the democratic process focuses solely on the equal rights of groups as well as the unlimited flow of information, the team leader is only there to provide advice and influence.

Such style of leadership will extend from private companies to schooling to the government to any entity. That's why it is considered to be most dominating.

4 0
3 years ago
Nexus Industries uses a standard costing system to apply manufacturing costs to its production process. In​ May, Nexus anticipat
Mama L [17]

Answer:

$33,700 (Favorable)

Explanation:

Note: Figures are not inputted. The missing figures have been figured out as below.

"<em>Nexus industries uses a standard costing system to apply manufacturing costs to its production process. In May nexus anticipated 2700 units with fixed manufacturing overhead costs allocated at $8.40 per direct labor hour with a standard of 2.5 direct labor hours per unit. In May, actual production was 3400 units and actual fixed manufacturing overhead cost were $23000.  What was nexus fixed manufacturing overhead volume variance in May</em>?"

Solution:

Budgeted fixed overhead costs = Units * Direct labor cost * Standard Direct Labor hours per unit

= 2,700 units * $8.40 * 2.5

= 2,700 units * 21

= $56,700

Fixed manufacturing overhead volume variance = Actual fixed overhead cost - Budgeted fixed manufacturing overhead costs

When Actual fixed overhead = $23,000 ,  Budgeted fixed overhead costs = $56,700

Fixed manufacturing overhead volume variance = $23,000 - $56,700

= $33,700 (Favorable) .

8 0
3 years ago
Veronica Mars, a recent graduate of Bell's accounting program, evaluated the operating performance of Dunn Company's six divisio
anygoal [31]

Answer:

Effect on income= -$49,500

They lost the positive contribution margin increased by the fixed costs. Veronica is wrong.

Explanation:

Giving the following information:

Veronica made the following presentation to Dunn's board of directors and suggested the Percy Division be eliminated. "If the Percy Division is eliminated," she said, "our total profits would increase by $25,500.

Percy Division

Sales= $100,000

Cost of goods sold= 76,000

Gross profit= 24,000

Operating expenses= 49,500

Net income= (25,500)

In the Percy Division, the cost of goods sold is $59,000 variable and $17,000 fixed, and operating expenses are $29,000 variable and $20,500 fixed.

None of the Percy Division's fixed costs are avoidable.

Effect on income= -contribution margin - fixed costs

Effect on income= -(100,000 - 88,000) - 37,500= -$49,500

They lost the positive contribution margin increased by the fixed costs.

4 0
3 years ago
Has anyone done the managing payroll quiz for Personal Finance on connexus???
trasher [3.6K]

Answer:

a) withholdings

b) deductions

c) payroll register

d) methods of paying employees

e) commission

f) specific required deductions

g) hourly rate

h) voluntary deductions

i) Salary

j) standard deductions

Explanation:

A)

Withholdings are the amount that is associated with the payroll deductions from an employee's gross wages. The employer does not include withholdings in the employee's paycheck. Instead of adding it to the salary, the amount is transferred to the federal, state, or local government or tax authorities. It also decreases the tax that an employee has to pay during the yearly tax return.

B)

When an employer withholds any amount from an employee's gross salary, such as taxes, insurance, wage responsibilities, saving plans, and child support payments, it refers to deductions. The payroll deduction is also known as involuntary deductions because the employer is withholding the amount. Those deductions are legally deductible; therefore, it is automatic deductions.

C)

A list of periodic reports that enlist the hourly wages, additionals, gross pay, deductions, net pay, and the date of payrolls refers to the payroll register. More precisely, it is a summary of each employee's paycheck throughout a period. It starts with the current quarter's or month's total hourly wages and ends with the net pay of the employee.

D)

The commission is the percentage paid to an employee for his or her additional service provided for the company. For example, a company asks an employee to produce anything over 500 shirts per week will receive 10% additions, if the employee contributes in 510 shirts, he will receive an extra payment, it is commission. The hourly rate is the amount paid to the employee per hour. The salary is the monthly or weekly amount paid to an employee for his periodic contribution towards a business.

E)

The commission is the portion given to an employee for his or her supplementary service rendered for the company. For example, a manager of a firm urges the sales representative to sell $10,000 per month to receive an extra 10% of the total sales. If the sales representative sells $10,000 or more, he will receive an additional fee as a percentage. That percentage refers to the commission.

F)

Specific payroll deduction means deduction from paycheck to meet the obligations of income tax and other required duties. Every individual and corporation whose income is taxable is obliged to pay a tax. In the case of specific payroll deduction, an employee is legally obligated to withhold this money from an employee's payroll check based on federal and state laws. But specifically required deduction is not only used for tax provisions but also used for employee-related benefits like health insurance and short time disability plans that are offered by the employer.

G)

According to the Cambridge dictionary, hourly rate means the amount of money that is charged, paid, or earned for every hour worked. An employer is bound to pay a minimum hourly wage to the employee. It is one of the critical issues as many workers work as a part-time job. Since it is not a fixed job, so monthly or weekly payment is not applicable here. To adjust the amount for every type of employment, whether it is a permanent or temporary hourly rate of wage, is the best solution.

H)

When any deductions from employees salary or wages are not legally binded, those deductions are termed as Voluntary deductions. Voluntary deduction does not need any imposition of law. As it is not legally required, it is offered by the employer for employee's acceptance. This kind of deduction may include health, accident, disability, retirement plans; flexible spending accounts such as parking and transit costs; union dues; and deductions for paycheck advances and other company-sponsored benefits.

I)

Salary is most commonly known as compensations paid by the employer to an employee in return for required job performance. Salary generally paid in fixed intervals for an individual's performance. The intervals may be weekly, monthly, etc. and these are set up by a mutual contract between employer and employee. Salary mainly includes base pay and other benefits,  bonuses, or rises. Salary mainly gives security towards the employee as it is fixed payment for their work performances.

J)

Standard deduction means deduction of some amount of money from the total amount of income to reduce total taxable income. In short, it means a portion of income that is not subject to tax. The amount of one's standard deduction depends on one's filing status, age, or whether one is disabled or claimed as a dependent on someone else's tax return. But all the taxpayers are not qualified to enjoy this provision. Nonresident husbands and wives, married people filing separately whose spouses itemized, and trusts and estates cannot entertain this benefit.

8 0
3 years ago
Define hedge fund economics.​
tankabanditka [31]

Answer:

Hedge fund are financial partnerships that use pooled funds and employ different strategies to earn active returns for thier investors.. Hedge fund include long-short equity, market neutral, volatility arbitrage and merger arbitrage. They are generally only accessible to accredited investors

3 0
3 years ago
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