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Snowcat [4.5K]
3 years ago
10

A production goal may be set too high by upper management because a. ​they are unsure about the actual costs of production b. ​t

hey under-estimate the difficulty of meeting a goal c. division managers over-state the difficulty of meeting the goal d. ​all of the above
Business
1 answer:
iragen [17]3 years ago
4 0

Answer:

d. ​All of the Above.

Explanation:

A production goal may be set too high by upper management because they have no idea about the actual cost of the production and they are unable in calculating it exactly, which could be due to many factors. They might have under-estimated the difficulty of meeting the desired goals. Division managers might have over-stated the difficulty of meeting the required goals, consequently, all of these reasons become the main logic behind setting the goals too high by the upper management. In order to avoid this situation, top level managers should have the real-time data about the project so they can set the targets and goals realistically.

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The allowance for doubtful accounts currently has a debit balance of $200. The company's management estimates that 2.5% of net c
lidiya [134]

Answer:

Bad debt expense (w/o allowance) = $2,875

Bad debt expense ( with allowance) = $2,675.

Explanation:

According to the scenario, the given data are as follows:

Net credit sales = $115,000

Uncollectible percentage = 2.5%

So, we can calculate the bad debt expense without Allowance for doubtful accounts by using following method:

Bad debt expense ( W/o allowance) = $115,000 × 2.5%

= $2,875

After Allowance for doubtful expense

Bad debt expense = $2,875 - $200

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4 0
3 years ago
If gdp is $20 trillon, how many years will it take for gdp to increase to $40 trillion if annual growth is 10 percent?
ElenaW [278]

It will take 7 years.

Given GDP is $20 trillion and increased GDP is $40 trillion.

Gross domestic product (GDP) is the standard measure of  value added generated by the country's production of goods and services over a certain time period. GDP is the total monetary or market worth of all completed products and services produced within a country's boundaries in a certain time period.

As such, it also accounts for the money generated by such output, as well as the overall amount spent on final products and services (less imports).

Time take to reach $40 trillion is to be found.

Formula to find the time taken to reach $40 trillion  is given below:

F = P *(1+i) ^t

Here,

F = 40,

P = 20,

I = 10%

Now put the values in the formula given above.

F = 0.1040 = 20 × (1+0.10) ^t(1.10)^t

  = 40 / 20

  = 2

Taking log both sides t = log 2 / log 1.10  

                                    = 7.27 yrs or 7 yrs

Therefore, it will take 7 years.

To know more about GDP click here:

brainly.com/question/1383956

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1 year ago
Which of the following is true concerning cost drivers for the predetermined overhead rate in a process-costing system?
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Answer and Explanation:

c. If direct labor cost is the cost driver, direct labor and manufacturing overhead may be combined into the single element of conversion cost.

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3 years ago
Question 5: Definitions and concepts
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The difference between the revenues taken in by a business and the costs of operating the business is called
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Profits & Losses (Profits are plus amounts and losses are negative amounts)
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