Answer:
$42,700 cash is available for distribution
Explanation:
In order to calculate the cash available for sharing, we will first identify the debit and credit transactions. Debit transactions are expenditures, while credit transactions are incomes, hence we need to calculate the difference between the income and the expenditure.
Available cash = Everett (credit) - Miguel (debit) + Ramona (credit)
Available cash = 52,800 - 47,500 + 37,400 = $42,700
Therefore $42,700 is available in cash for distribution to the partners
Answer: A. a downward-sloping labor demand curve.
Explanation:
If the marginal product of labor is diminishing then that means that for every extra worker hired, less products are made than the last worker. As a result of this, companies will not want to pay high wages to workers because they would be bringing in less revenue when hired.
This will cause a downward-sloping labor demand curve that shows that as more workers are hired, the company would like to pay less wages because each new worker is only producing less than the last worker.
Answer: (C) Controlling
Explanation:
The controlling is one of the most important function in the management as it involves proper planning, directing and the organizing all the function in the system.
The main objective of the controlling is that it helps in evaluating the management process and also helps in the error checking in order to taking the various types of decision for the correction purpose.
According to the given scenario, the controlling is one of the management responsibility that involve against the given budget for the purpose of evaluation in an organization.
Therefore, Option (C) is correct.
Answer:
$11,000 unfavorable
Explanation:
Calculation to determine the company's fixed-overhead volume variance would be:
Actual fixed overhead incurred ($791,000)
Less Budgeted fixed overhead ($780,000)
Fixed-overhead volume variance $11,000 unfavorable
Therefore the company's fixed-overhead volume variance would be: $11,000 unfavorable
Answer:
• may be required to incur high costs for abandoning old technologies in an effort to keep pace with suppliers.
• may need to continue producing suboptimal products rather than upgrading its technology
Explanation:
You didn't provide the options but I searched online and got the options from which the correct answers were chosen.
Vertical integration occurs when the suppliers or retailers is being controlled or owned by a company and hence, control its supply chain. This brings about reduction in costs and the improvement in efficiencies.
When there are improvements in technology at the supply stage of the value chain, the company will need to:
• may be required to incur high costs for abandoning old technologies in an effort to keep pace with suppliers.
• may need to continue producing suboptimal products rather than upgrading its technology