Answer: The correct answer is "A. True".
Explanation: The statement "Being an effective team leader means satisfying a demand set of essential operating responsibilities and requirements while still promoting the creativity, leadership ability, and cohesiveness of team members." is absolutely TRUE because being an effective team leader not only means fulfilling the responsibilities demanded by the position of leader but also through different motivational and communication techniques promoting creativity and good performance of each member, with the aim of increasing the team efficiency together.
Answer:
The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be $102480
Explanation:
For computing the cash disbursements for manufacturing overhead, the calculation is shown below:
= Direct labor cost + Fixed manufacturing overhead
where,
direct labor cost = Direct labor hours × per labor rate
= 6,100 × $3.00
= $18,300
And, in budgeted fixed manufacturing overhead, the depreciation should be deducted as it is a non cash expense.
So,
= Budgeted fixed manufacturing overhead - depreciation
= $103,090 - $18,910
= $84,180
Now apply the above values to the formula.
So, cash disbursements is = $18,300 + $84,180 = $102480
Hence, The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be $102480
The January cash disbursements for manufacturing overhead in Morrish Inc.'s budget are calculated by adding the total variable costs ($18,300) to the fixed costs excluding depreciation ($84,180), amounting to $102,480.
To calculate the January cash disbursements for manufacturing overhead on the Morrish Inc.'s manufacturing overhead budget, we need to separate the overall costs into its components, namely fixed and variable costs.
In this case, the variable overhead rate is $3.00 per direct labor-hour, and the company expects to require 6,100 direct labor-hours in January. This gives a total variable cost of 6100 * $3 = $18,300.
The fixed manufacturing overhead is stated as $103,090, however, this includes a depreciation cost of $18,910. As depreciation is a non-cash expenditure, it should be excluded from the cash disbursements calculation. Therefore, the fixed costs for this calculation will be $103,090 - $18,910 = $84,180.
Add together the variable and fixed costs to get the total January cash disbursements for manufacturing overhead: $18,300 (variable) + $84,180 (fixed) = $102,480.
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Answer:
$27.14
Explanation:
Calculation for the price of the firm's perpetual preferred stock
Using this formula
Price of the firm perpetual preferred stock = Annual dividend / Required return
Where,
Annual dividend =$1.90
Required return=7% or 0.07
Let plug in the formula
Price of the firm perpetual preferred stock = $1.90 / 0.07
Price of the firm perpetual preferred stock=$27.14
Therefore the Price of the firm perpetual preferred stock will be $27.14
B. It prevents miscategorization of credit card payment transactions
C. It helps users identify which credit cards have interest rates that are too high
D. It provides easy-to-understand language for non-accountant users
E. It prevents common errors that affect the company's financial statements
F. It compares your client's credit card balances side by side
The 3 benefits of the Pay down credit card feature in Quickbooks Online are: Option B,E and F
B. It prevents miscategorization of credit card payment transactions
E. It prevents common errors that affect the company's financial statements
F. It compares your client's credit card balances side by side
•It help to prevents miscategorization of credit card payment transactions as it enables all the credit card payment transaction to designated or allocated to the right person who made the transaction.
• It help to prevents common errors that affect the company's financial statements such as error of reversal example is recording a transaction amount as $25 instead of $52.
• It help to compares your client's credit card balances side by side which help to prevent error as the credit card are easily evaluated.
Inconclusion The 3 benefits of the Pay down credit card feature in Quickbooks Online are: Option B,E and F
Learn more about Quickbooks here:
Answer:
b or e
Explanation:
The assertion is untrue. Debt holders have priority over common and preferred shareholders when it comes to a company's earnings and assets.
The creation of a plan under bankruptcy law enables a debtor who is unable to pay his creditors to settle his debts by allocating his assets to them. Additionally, this controlled split enables some degree of equality in the treatment of the interests of all creditors. In some bankruptcy cases, a debtor is permitted to continue operating their business and use the money they make to pay down their obligations. The discharge of certain debtors from their accrued financial responsibilities, following the distribution of their assets and even if their debts have not been fully paid, is another goal of bankruptcy law.
In order to implement the Bankruptcy Code, bankruptcy courts must adhere to Federal Rules of Bankruptcy Procedure.
Know more about bankruptcy law here:
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a. if the company had fewer than 20 employees
b. if Darwin needed a reasonable accommodation to perform his job due to a disability
c. if Darwin planned to retire in less than five years
d. if Darwin was unable to perform the essential functions of his job
e. if Darwin had another job offer elsewhere
f. if the company was a private (non-governmental) organization
g. if there were more highly skilled workers in the organization who could take his place
2. Which law prevents employees like Darwin from discrimination in employment?
a. ADEA
b. Title VII
c. Affirmative action
d. ADA
3. Are the company’s actions permissible, considering its mission and vision?
a. No, because Darwin was treated less favorably than younger employees based solely on his age.
b. Yes, because age is not a protected class in employment law.
c. No, because Darwin was not given compensation or allowed adequate time to find another job.
d. Yes, because the company is private and therefore has the right to hire or fire whomever they want to.
Answer:
Darwin and Compuserve, Inc.
1. d. if Darwin was unable to perform the essential functions of his job
e. if Darwin had another job offer elsewhere
2. b. Title VII
3. a. No, because Darwin was treated less favorably than younger employees based solely on his age.
Explanation:
Title VII of the Civil Rights Act of 1964 is a federal law that protects employees against discrimination based on certain specified characteristics: race, color, national origin, sex, and religion. Under Title VII, an employer may not discriminate with regard to any term, condition, or privilege of employment.
Federal employment laws prohibit discrimination of persons who are over 40 years.
Desired inventory (units), August 31 9,000
Expected sales volume (units), August 75,000
For each unit produced, the direct materials requirements are as follows:
Material A ($5 per lb.) 3.0 lbs.
Material B ($18 per lb.) 0.5 lb.
The total direct materials purchases (assuming no beginning or ending inventory of material) of Materials A and B required for August production is ______.
a.$1,170,000 for A; $702,000 for B
b.$1,080,000 for A; $1,296,000 for B
c.$1,080,000 for A; $648,000 for B
d.$1,125,000 for A; $675,000 for B
Answer:
c.$1,080,000 for A; $648,000 for B
Explanation:
For computing the total direct material purchase first we have to find out the production units which are shown below:
As we know that
Production units = Ending inventory units + sales units - beginning inventory units
= 9,000 units + 75,000 units - 12,000 units
= 72,000 units
Now the total direct material purchase for Material A and Material B is
For Material A
= 72,000 units × 3 lbs × $5 per lb
= $1,080,000
For Material B
= 72,000 units × 0.5 lbs × $18 per lb
= $648,000
Therefore, the third option is correct