2. Ownership of the resources used to create wealth is in the hands of the individuals is known as what?

Trust Company applies overhead based on direct labor hours. At the beginning of the year, Trust estimates overhead to be $700,00

Svetradugi [14.3K]

Answer:

$100,000

Explanation:

Data provided in the question:

Estimated overhead = $700,000

Estimated machine hours = 200,000

Estimated Direct labor hours = 35,000

Direct labor hours for February = 5,000

Now,

The Predetermined Overhead Rate is calculated as

= ( Estimated Overhead Cost ) ÷ ( Estimated Direct Labor hour )

or

Predetermined Overhead Rate = $700,000 ÷ 35,000

or

Predetermined Overhead Rate = 20 per direct labor hour

Therefore,

The amount of overhead applied for February

= Predetermined Overhead Rate × Direct labor hours for February

= 5,000 × $20

= $100,000

6 0

3 years ago

Paige Company estimates that unit sales will be 10,800 in quarter 1, 12,700 in quarter 2, 14,800 in quarter 3, and 18,500 in qua

lilavasa [31]

Answer:

Results are below.

Explanation:

Giving the following information:

Paige Company estimates that unit sales will be 10,800 in quarter 1, 12,700 in quarter 2, 14,800 in quarter 3, and 18,500 in quarter 4. Using a sales price of $85 per unit.

Sales Budget:

Q1:

Sales= 10,800*85= $918,000

Q2:

Sales= 12,700*85= $1,079,500

Q3:

Sales= 14,800*85= $1,258,000

Q4:

Sales= 18,500*85= $1,572,500

3 0

3 years ago

A customer buys a Brokered CD for $100,000. Upon receipt of his next account statement, the customer sees that the market value

Mnenie [13.5K]

Answer: A. interest rates have risen

Explanation:

Since the customer buys a Brokered CD for $100,000 and upon eceipt of his next account statement, he sees that there has been a reduction in the market value of the CD to $99,800.

This would occur because there has been an increase in the interest rates. On the other hand, assuming there was a reduction in the interest rate, this will lead to an increase in the market value.

5 0

3 years ago

todd, a sales representative, is facing the challenge stressor of trying to close a sale on a major account. during the meeting

lys-0071 [83]

Options :

A) be strongly motivated and perform well

B) be poorly motivated out of fear, and perform poorly

C) develop severe emotional symptoms of stress

D) develop severe physical symptoms of stress

Answer: A) be strongly motivated and perform well

Explanation: Stressors pertaining to business may be explained as those demands which a job or business requires of workers. The challenge stressor includes demands such as volume of chores or workload, time constraint and other factors which could be place added responsibility or burden on an individual. In most cases however, these responsibilities or burden usually acts to motivate the employee or business owner and in the long run aids personal and professional growth. In the scenario above, The challenge stressor which Todd is faced with is one which requires him to be on top and thus requires preparation so as to be able to perform well and not appear as a novice during the business meeting. Hence, this should motivate him and hence put up a good performance.

3 0

3 years ago

Suppose the Kalamazoo Brewing Company (KBC) currently sells its microbrews in a seven-state area: Illinoise, Indiana, Michigan,

Fed [463]

Answer:

The least squares estimates of Ohio’s demand for KBC microbrews is Quantity = 1.57Price + 14.00Income.

Explanation:

Note: See Sheet1 of the attached excel for the replication of the data given in the question and Sheet2 for the regression analysis output.

In the third table in the Sheet2, the second column is for the coefficients where, by rounding to 2 decimal places, we have:

Price = 1.57

Income = 14.00

Note: The intercept is 0 because a zero intercept was chosen in the analysi.

Based on the above, the least squares estimates of Ohio’s demand for KBC microbrews can be written as follows:

Quantity = 1.57Price + 14.00Income

To run the regression from Sheet1 in order to obtain the output in Sheet, follow his process:

Click the “Data” menu, and then the “Data Analysis” tab. From the new window, scroll down to find and click on "Regression" and then click “OK”.

In the new window, click in the box of “Input Y Range”, and then select the column containing the Quantity data as the dependent variable. Also in the new window, click in the box of “Input X Range”, and then select the column containing the both Price and Income data as the independent variables. Also, select "Labels", "Confidence level (95%)", and "Constant is Zero". Then click "OK" to obtain the output in Sheet2.

Download xlsx

6 0

3 years ago