A. it is relatively easy to borrow money for the business
George's Chemicals allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufacturing overhead cost $235,300 Actual manufacturing overhead cost $244,800 Estimated machine hours 20,000 Actual machine hours 22,700 The estimates were made as of the beginning of the year, while the actual results were for the entire year. The predetermined manufacturing overhead rate per machine hour is closest to (Round your answer to the nearest cent.)
Overehad Rate $11.765
Estimated manufacturing overhead cost $235,300
Estimated machine hours 20,000
Overehad Rate $11.765
This means for every hours the machine are working, 11.76 dollars of MOH are generated.
The question if for the predeterminated rate, all the actual data is irrelevant.
Remember : The overhead rate is done by the dividision of the cost over a cost driver, which generally is labor hours or cost or machine hours.
Researchers now recognize three major types of behavior that constitute performance at work. Which of the following are these three major types of behavior?A) task performance, productivity, tenureB) productivity, efficiency, absenteeismC) task performance, citizenship, counterproductivityD) citizenship, counterproductivity, personality E) leadership, knowledge, efficiency
The correct answer is letter "C": task performance, citizenship, counterproductivity.
Nowadays, researches consider three types of behavior that represent the performance of employees at work. Those are task performance (actions taken in favor of the production of goods or services within the organization), citizenship (actions affecting the work frame environment), and counterproductivity (actions harming the organization's production).
A farmer can grow wheat or corn. She grows corn because it will make more money than wheat. The value of the wheat crop she chose not to grow could best be described as
Which of the following is least likely to be considered a risk assessment procedure?A. Analytical procedures.B. Inspection of documents.C. Observation of the counting of inventory.D. Observation of the performance of certain accounting procedures.
C. Observation of the counting of inventory.
Risk assessment procedures involve all the steps that represent the evaluation of procedures which are company specific and not individual item specific.
These assessments are done in order to ensure the accounting procedures are fair that are followed by the company.
Thus, the observation of counting of inventory is substantative in nature and not investigating like, risk assessment test.
All other steps mentioned are part of risk assessment procedure.
Jeff just financed a used car through his credit union. His loan requires payments of $275 a month for five years. Assuming that all payments are paid on time, his last payment will pay off the loan in full. What type of loan does Bill have?
Amortizing loan is the type where the principal and interest are paid in equal amounts till the loan is fully paid.
Usually payments are represented in an amortizing schedule. The payments are made up of part of the principal and the other part the interest paid together.
Jeff's loan of $275 monthly payments for 5 years is a form of amortizing loan.
Which of the following is the system privilege that empowers the grantee to create an index in his or her own user account but not in the accounts of others?
A. Create Table
First, the multiple options for the question:
A. CREATE TABLE
B. CREATE ANY TABLE
C. CREATE INDEX
D. CREATE ANY INDEX
In database or spreadsheet programming management among others, the create table function not only allows one to create a table but also creates an index as a privilege. This done as a result of the fact that a create table function or statement could include either a unique constraint or a primary key.
The creation of this unique constraint or primary key will automatically led to an index being created to support the primary key or the unique constraint. The create table statement also only works within the grantee's own account and not in the account of others.
Assuming that the listing broker and selling broker split their commission from a transaction equally, what was the sales price of the property if the commission rate was 6.5% and the listing broker received $12,593.50? A)$256,200
C) $ 387,492
The sales price of the property is calculated as follows:
Amount of commission received by listing broker $ 12,593.50
Total commission rate 6.5 %
Commission rate of listing broker is divided equally so it is 6.5 %/ 2 = 3.25 %
The listing broker's commission rate at 3.25 % is $ 12,593.50
so the value of the property is $ 12,593.50/ 3.25*100 = $ 387,492
Graincorp, a U.S. agricultural company, produces corn syrup at a plant in Iowa on September 13, 2017. It sells the corn syrup to Crunchy's for use in the production of cereal that will be made in the United States in 2017. (Note: Focus exclusively on whether production of the corn syrup increases GDP directly, and ignore the effect of production of the cereal on GDP.)
The answer is: Graincorp's production is not included in the GDP
The GDP includes the total production of final and legal goods and services. Since Graincorp produces corn syrup, which is later used by Crunchy's to produce breakfast cereal, we can consider corn syrup as an intermediate good. Intermediate goods are not included in the GDP.
The selling price of Crunchy's cereal should already include the value of all its inputs (including corn syrup).
Which theory holds that police organizations are social institutions that operate in relation to their external social and political environment?
The correct answer is: Institutional Theory.
Institutional Theory states that police institutions must operate according to the context of their institutional environment. This theory is also an approach to understand the structures, norms, and guidelines that organizations adopt that are likely to influence their behavior.