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4 years ago

What is the difference between being overstaffed and overhired

Business

1 answer:

sp2606 [1]4 years ago

6 0

Overstaffed is "having more members of staff than are necessary" and overhired is "hiring too many employees".

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Tyler has been operating his business as a sole proprietorship but decides that it is too much work for him to do alone. He does

svp [43]

Answer:

business partner

Explanation:

Business partner -

It refers to the authority in the business , which has the right to take decisions for the project of the business , is referred to as business partner .

The relation between the two or more people i.e. , the business partners can be on the contract basis or exclusive in nature .

Hence , from the given scenario of the question ,

Tyler need a buisness partner for his business .

8 0

3 years ago

An investment will pay $16,400 at the end of each year for eight years and a one-time payment of $164,000 at the end of the eigh

emmasim [6.3K]

Answer:

The present value of this investment is $204,737

Explanation:

Investment Involves two payment $16,400 every year and $164,000 once after eighth year.

Payment of $16,400 at the end of each year for 8 years is an annuity which is discounted at 6%.

Present value of this annuity

Present value of annuity = P [ 1 - ( ( 1 + r )^-n ) / r ]

Where

P = $16,400

r = 6%

n = 8 years

Present value of annuity = $16,400 [ 1 - ( ( 1 + 6% )^-8 ) / 6% ]

Present value of annuity = $101,841

Now calculate the present value of single payment of $164,000 at the end of eighth year.

Present value = FV / ( 1 + r )^n

Present value = $164,000 / ( 1 + 6% )^8 = $102,896

Present value of Investment = $101,841 + $102,896 = $204,737

4 0

3 years ago

Sitz Company makes chairs. The budgeted selling price is $55 per chair, the variable rate is $25 per chair and budgeted fixed

Zolol [24]

Answer:

$73,000

Explanation:

Data provided in the question:

Selling Price per unit = $55

Variable rate per unit = $15

Budgeted fixed costs = $20,000

Number of chairs sold = 3,100

Now,

Contribution per unit = Selling Price per unit - Variable rate per unit

= $55 - $25

= $30

Therefore,

Total contribution = Contribution per unit × Number of chairs sold

= $30 × 3,100

= $93,000

Hence,

Operating income = Total contribution - Budgeted fixed costs

= $93,000 - $20,000

= $73,000

7 0

3 years ago

A licensed individual that charges a fee to serve as the mediator between the buyer and seller is known as a

Reil [10]

A licensed individual who charges a fee to mediate between the buyer and seller is known as a Real Estate Broker, who helps an individual make the best decisions regarding real estate transactions.

<h3 /><h3>Duties of a Real Estate Broker:</h3>

This professional is licensed to perform the functions of mediation between buyer and seller in real estate transactions. Through its expertise, it assists in making financial decisions that benefit both parties, in a process of selling or buying a property.

Therefore, it is essential that this professional has communication and negotiation skills to win clients, in addition to the appropriate legal licenses and real estate certifications to perform this function ethically.

Find out more information about Real Estate Broker here:

brainly.com/question/20049767

5 0

3 years ago

Accounting for manufacturing overhead. Creative Woodworking uses normal costing and allocates manufacturing overhead to jobs bas

VikaD [51]

Answer:

a) Budgeted manufacturing overhead rate = budgeted overhead cost / budgeted labor hours

= $ 4,140,000/ 180,000 hrs

= $23 per hour.

b. JOURNAL ENTRY

Debit Work in process $4,347,000 Credit Manufacturing overhead $4,347,000

c. under or over applied = Actual overheads - applied

= $4,337,000 - $4,347,000

Over applied = 10,000

yes the amount of over applied overheads is significant and material enough and it should be written off against cost of sales.

JOURNAL ENTRY

Debit Manufacturing overheads $10,000 , Credit Cost of sales $10,000

Explanation:

allocated manufacturing overheard = $23 * 189000 hrs = $4,347,000

4 0

3 years ago