Sheffield has a standard of 2 hours of labor per unit, at $12 per hour. In producing 3600 units, Sheffield used 6900 hours of labor at a total cost of $84180. Sheffield's total labor variance is
Based on the standard labor hours to Sheffield and the cost per unit of labor, the total labor variance is $3,600 Favorable.
What is Sheffield's labor variance?This can be found as:
= (Standard Labor Hours - Actual Labor Hours) x standard Labor Rate
Solving gives:
= ((3,600 x 2) - 6,900) x 12
= (7,200 - 6,900) x 12
= $3,600 Favorable
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at the household level, higher saving rates lead to ______ and greater economic security.
At the household level, higher saving rates lead to greater wealth and greater economic security. This is further explained below.
What is savings?Generally, Saving is simply defined as the share of income not spent on current expenses. In other words, it is the money held away for future use and not spent immediately.
In conclusion, Increased wealth and financial stability are the results of increased personal savings.
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Which group of people ultimately determines the products that a command economy produces?.
The authorities make a decision on what items and offerings could be produced and what costs could be charged for them.
Who controls the economic system in a command economic system?Command financial system, a monetary machine wherein the approach of manufacturing is publicly owned and monetary interest is controlled through a central authority that assigns quantitative manufacturing dreams and allots raw materials to productive establishments.
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The Government ultimately determines the products that a command economy produces.
What is the command economy and examples?Alternatively, the Command Economy owns most, if not all, businesses and is organized by the central government, where government officials control all factors of production. East Germany, North Korea and the former Soviet Union are examples of command economies.
What is the basic idea of the command economy?The main idea of the command economy is that the economic base is controlled by the government and central authorities. They can make financial decisions. How many cars will be produced or how resources will be distributed in society.
Who controls the economy in a command economy?central authority
A Command economy is a monetary system in which the manner of production is publicly owned and monetary hobby is controlled through a central authority that assigns quantitative production desires and allots raw materials to efficient organizations.
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When you market Medicare Advantage and Part D plans, what may you offer as a gift to induce enrollment in a plan
When you market Medicare Advantage and Part D plans, what you may offer as a gift to induce enrollment in a plan is: You may provide gifts to all enrollees during an event that is not above $15 in retail value.
What is Medicare Advantage marketing?Medicare is a medical coverage and Medicare Advantage marketing can be defined as the way of marketing the plan to people and telling them the advantage of the plan including what they will benefit if they enroll for the plan.
Based on the given scenario you may offer either gift items or prizes to all potential enrollees that is not above $15 in retail value so as to convince them to enroll.
Therefore When you market Medicare Advantage and Part D plans, what you may offer as a gift to induce enrollment in a plan is: You may provide gifts to all enrollees.
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Dan is creating a survey for his company. The question he is currently working on asks his business-to-business customers to describe the ideal purchasing transaction. Dan is utilizing a(n) ________ question.
Dan is utilizing an open ended question. Thus option (C) is correct.
What is open ended question?Open ended questions are the questions which can answered in the statement. It is not the yes or no type of the question or the type of the static question.
The complete question is attached below.
Open-ended questions require the respondent to elaborate on their points rather than receiving a simple "yes" or "no" response.
The Feedback is received from clients in their own words rather than canned responses, open-ended questions assist in thinking about situations from customers perspective. Thus option (C) is correct.
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The ____ is a private corporation owned by a consortium of commercial banks and industrial companies, but the ____ is a self-sustaining government agency formed in 1971. a.Overseas Private Investment Corporation (OPIC); Ex-Im Bank b.Overseas Private Investment Corporation (OPIC); Private Export Funding Corporation (PEFCO) c.Private Export Funding Corporation (PEFCO); Ex-Im Bank d.Private Export Funding Corporation (PEFCO); Overseas Private Investment Corporation (OPIC)
The answer choice which represents what should fill the blank spaces respectively is; Choice B; b.Overseas Private Investment Corporation (OPIC); Private Export Funding Corporation (PEFCO).
What is OPIC and PEFCO?The Overseas Private Investment Corporation (OPIC) although aided by the government is a private corporation established in 1984 while the Private Export Funding Corporation (PEFCO) is a government agency formed in 1971.
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from a company's viewpoint, the existence of an active, liquid, well-organised market in existing shares:
The existence of an active, liquid, well-organized market in existing shares A. facilitates the raising of further capital in the secondary market.
What is a secondary market?A secondary market is a securities market for the exchange of securities and assets among investors rather than with the issuing entities.
The types of secondary markets include:
Over-The-Counter MarketsStock ExchangesAuction marketsDealer markets.Thus, from a company's viewpoint, the existence of an active, liquid, well-organized market in existing shares A. facilitates the raising of further capital in the secondary market.
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Arthur's parents own a home appliances business. His parents along with his three older brothers manage the business together. They want Arthur to help with the business once he graduates. Arthur has agreed to join the family business without putting much thought into this decision. In this scenario, Arthur is in the status of identity referred to as Group of answer choices identity diffusion.
Arthur is in the status of identity referred to as identity foreclosure.
What is Identity foreclosure?Identity foreclosure can be defined as the stage of self or identity discovery in which a young person identify what they are capable of doing but they are yet to experience other available options.
Hence, he agreed to join the family business without thinking about his decision because he is in identity foreclosure stage.
Therefore Arthur is in the status of identity referred to as identity foreclosure.
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What is one reason that firms partner with communities to increase economic development?.
Firms collaborate with communities to increase economic development for a variety of reasons, including the development of workplace skills.
What is economic development?
Programs, methods, plans, policies, and actions that raise the standard of living in a country are referred to as "economic development."
The development of workplace skills contributes to economic growth by enhancing an employee's efficiency and working style. With the use of new technology, the firm has rapidly grown.
As a result, development of workplace skills to increase economic development.
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why indigenous technologies are better than modern technology
Answer:
Indigenous technologies are better than modern technology because of the following reasons ;
1) It creates new employment opportunities .
2) It is much cheaper than imported technology.
3) It helps in the technological progress of developing countries which brings economic growth in nation .
4) It leads to greater encouragement for focused research.
5) It is affordable , sustainable band environment friendly.
A marketing manager must decide on the size of the survey sample to be used in order to estimate the proportion of customers who are aware of her brand. She wishes to estimate this proportion to within 10 percentage points with 88% confidence. If the manager guesses that the proportion of aware customers is roughly 30%, what is the size of the sample that must be used
The size of the sample that must be used is 264. The correct sample size is 264. Read below about how to arrive at the sample size.
What is the sample size that must be used?p′ = x / n where x represents the number of successes and n represents the sample size. The variable p′ is the sample proportion and serves as the point estimate for the true population proportion.
Then, it follows that,
p= 30/10 x 88 = 264
Therefore, the correct answer is 264.
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In the 1990s __________ cost the United States between $42.3 billion and $47 billion in direct and indirect costs (about 30% of the nation's total mental health bill).
In the 1990s anxiety disorders cost the United States between $42.3 billion and $47 billion in direct and indirect costs (about 30% of the nation's total mental health bill).
What is anxiety disorder?This type of disorder is the one that is known to affect the mental health of a person.
This disorder typically makes it very difficult for sufferers to go through their day.
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last year, high-tech electronics earned $2.00 per share. if a share of its stock is selling for $60, what is the firm's p-e ratio?
Based on the calculation done below, the firm's p-e ratio is 30.
How do we calculate the p-e ratio?The price-earning (p-e) ratio can be calculated using the following formula:
p-e ratio = MPS / EPS ............................................................. (1)
Where:
MPS = Market price per share = Share selling price = $60
EPS = Earning per share = $2.00
Substituting the values into equation (1), we have:
p-e ratio = $60 / $2.00 = 30
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What are the 5 Economic resources categories?
Answer:
land, labor, capital, information, risk exposure and business reputation, Money and gas
The five economic resources categories are land, labor, capital, information, technology.
Economics is the study of how to use resources to produce products and services as effectively and efficiently as possible in order to meet consumers' needs and desires. In agriculture, the producer of goods or services could be an agribusiness firm producing a food product to meet consumer desires, or an agricultural producer growing a crop to satisfy the needs of a food processor. A business requires resources to produce a product (a good or service), such as labour (i.e., workers), land (e.g., a building), equipment, cash (capital), and other resources.
To summarize: in order to run a business, the manager requires resources, as well as one of the manager's responsibilities is to decide what assets to use and how to use them.
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What cortex is the decision-making and planning center of consciousness
Prefrontal cortex is the decision-making and planning center of consciousness.
What is prefrontal cortex?The prefrontal cortex is said to be the seat of planning.
The cortex is a part of the brain which is the control of all mind activity. The prefrontal is located at the front of the brain and it helps planning of activities.
Therefore, prefrontal cortex is the decision-making and planning center of consciousness.
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what do economists call the physical actions and mental activities that people contribute to the production of goods and services?
Labor is the physical actions and mental activities that people contribute to the production of goods and services.
What is labor?This can be used to refer to all forms of activities that a person engages in for the production of goods and services.
It is one of the factors of production and refers to tghe physical strength used in the process.
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What Economists call the physical actions and mental activities that people contribute to the production of goods and services is:
LaborWhat is Labor?Labor refers to the physical and mental exertion that employees often have to put in to produce goods and services.
In many companies, employees exert their physical strength and intelligence to sustain the smooth flow of activities. Economists call this labor.
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Official permission to postpone the payments of a loan is known as a:
Official permission to postpone the payments of a loan is known as a:
DefermentWhat is a Deferment?A deferment is an official request to postpone the payment of a loan.
When the organization is officially notified of the request to postpone the payment of the loan, they will keep the record while hoping that the debtor will honor the agreement when due.
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The optimal point on a production possibilities curve is achieved where Multiple Choice large amounts of capital goods are produced relative to consumer goods. each good is produced at a level where marginal benefits equal marginal costs. the smallest physical amounts of inputs are used to produce each good. large amounts of consumer goods are produced relative to capital goods.
Generally, on a production possibilities curve, the optimal point is achieved where each good is produced at a level where marginal benefits equal marginal costs.
What is an optimal point?On a graph, this refers to the best or most favorable point on a graph curve etc
Hence, on the a production possibilities curve, the optimal point is achieved where each good is produced at a level where marginal benefits equal marginal costs.
Therefore, the Option B is correct.
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__________ is important for devloping self-reglation and promoting language. Varying rates. Motivation. Play. Secure relationships. Challenged. Screening tool. I will mark brainlest
When would a pie chart be an effective visualization?
The time when a pie chart would be an effective visualization is when trying to work out the composition of something.
What is a Pie Chart?This refers to the visual representation that is used to show and interpret data for a group of people to show their preferences in a circular, pie form.
Hence, we can see that using a pie chart to make an effective visualization is good and it is appropriate to use when a person is trying to work out the composition of something.
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true or false: positive economics encourages value judgments.
The statement "positive economics encourages value judgments." is False because Instead of relying on subjective assessments, positive economists look at hard evidence. This is further explained below.
What is positive economics?Generally, positive economics is simply defined as Positive economics seeking to provide an unbiased evaluation of the field. This entails looking into the past as opposed to the present situation.
In conclusion, a value judgment is one's opinion of something's quality according to one's own criteria and weightings.
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notes payable due in six months are reported as
A short-term liability is a payment that is due in 12 months or less. Hence notes payable due in six months is reported as a short-term liability.
What is a liability?
In the parlance of Accounting and Finance, a Liability is a financial obligation that the company owes to individuals, or organizations with which it has transactional or legal relationship.
Hence, it is correct to indicate that notes payable due in six months is reported as a short-term liability.
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Credit unions differ from retail banks because they are
In the finance industry, the Credit unions differ from retail banks because they are owned by their members.
What is a Credit unions?It is a financial institution very similar to a commercial bank which is a member-owned nonprofit financial cooperative.
What is a retail banks?It is a financial institution that offers personal banking to the general public, rather than to companies, corporations or other bank
In conclusion, the Credit unions differ from retail banks because they are owned by their members.
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Answer:
owned by members
Explanation:
did it
You have set up an appointment for an in-home sales presentation with mrs. Fernandez, who expressed interest in the medicare plans you represent. In preparation for the sales presentation, what must you do?.
Prior to conducting the presentation, obtain, and document having obtained her permission to visit, along with her interest in the specific products you will present.
What is a Sales Presentation?
Sales presentation is a meeting for giving the information about a product or service that you are trying to sell and persuade people to buy it.
In order to develop a winning sales presentation, one must have to plan and prepare a proper presentation which consists introduction, questioning, objectives etc.
The main objective of the sales presentation is to present your product or service in a professional manner.
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There is no direct relationship between economies of scale and economies of scope because Part 5 A. economies of scale pertain to one output and economies of scope pertain to more than one output. B. economies of scale pertain to one input and economies of scope pertain to more than one input. C. economies of scale pertain to cost and economies of scope pertain to output. D. economies of scale pertain to more than one input and economies of scope pertain to one input. E. economies of scale pertain to output and economies of scope pertain to input.
There are no established relationship between the economies of scale and economies of scope because the former pertain to one output and the latter pertain to more than one output.
What is an economies of scale & scope?An economies of scale means a situation whereby the average costs per unit of output decrease with the increase in output being produced by a firm while the economies of scope means the fact that a production of one good reduces the cost of producing other related good.
However, there is no relation because the former pertain to one output and the latter pertain to more than one output.
Therefore, the Option A is correct.
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In making the best economic choices, consumers compare the benefits of the choice to.
In making the best economic choices, consumers compare the benefits of the choice to cost.
What is economic choice?economic choice can be regarded as the decision making by the consumer to choose the kind of product that is needed by them economically.
Therefore, the consumer usually consider the cost In making the best economic choices, as well as the benefits.
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Progressive’s addition of a mobile app, which allows customers to start photo estimates for insurance claims, was likely created because progressive marketers noticed a change in _______.
Because the progressive marketers noticed a change in the technological environment, the firm decided to create a mobile app that allows customers to start photo estimates for insurance claims.
What is a technological environment?This have to do with a firm external environment that is related to its developments and changes in technology.
Here, the change in the technological environment birthed the firm decision to create a mobile app that allows customers to start photo estimates for insurance claims.
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There is an 12-year bond with a par of $1,000 and a coupon of 5.20%. Suppose the bond is bought today at a price of $1,032.60, and the market interest rate is 4.82%. It turns out that in 4 years an investor sells the bond at a price of $1,059.12. Calculate the annual realized return over the 4 years the investor held the bond. Show your work and explain. (8 points).
The annual realised return over the four years is 5.63%
What is the annual realised return?The annual realised return is the total return earned from holding the bond given its coupon payments, purchase price and the price at which it was sold.
The annual realised return can be determined using a financial calculator:
Cash flow in year 0 = -1032.60 Cash flow each year from year 1 to 4 = 5.20% x 1000 = $52Cash flow in year 4 = $1059.12annual realised return = 5.63%
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ideally, a positioning statement should identify which three things?
The positioning statement ideally should include the three segments where the relevant information is provided.
The three things are as follows:
1) The product's unique benefits
2) The target market and need satisfied
3) The category of the firm that the product belongs to
What is a product?A product is a article that is produced by a company/ business and is sold to consumer, at a market price.
Benefits of the product are required to be communicated to the consumer
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Tell me about a time you were able to understand someone else's viewpoint that differed from your own. describe the situation, your actions, and the outcome. targettttt
A time when you were able to understand another person's point of view that was different from your own could be a student or political debate for example.
What is a debate?It is a meeting of individuals to present arguments on a given topic, in a structured and formal way. To be effective, it must be organized and mediated by a leader who guarantees the chance for each member to express their ideas, being heard and respected by the other members.
The central objective of a debate is to help in the search for solutions, refute theories, generate reflection and adherence to certain points of view.
Therefore, it is essential that individuals be able to express themselves freely in society without suffering retaliation, as long as their opinions are based on ethics and respect for different opinions.
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