$417,80035%\$417,800 \times 35\% Buffer inventory level can be established by using the ______________ coverage. Which of the following is an example of an indirect selling expense? A responsibility accounting performance report contains which of the following items? It allows researchers to see how people behave. T/F. 3. If the minimum wage is set at $7.50 per hour, then the. The process that produce: without examining the process, the manager will likely miss critical continuous improvement opportunities. Multiply. The company's target return on investment rate is 20%. is a potential outcome of a price ceiling. c. What portions of administration costs each programs should bear. ), -Indirect to the research department Supply chain for most organizations can be classified into seven categories of resale, MRO, services, other, _______, ________, and ______. Total quality management, lean thinking, and statistical process control are _____________ and techniques to assure quality. (Check all that apply. **c.** Identify the items in the cash-basis financial statements that make cash-basis accounting inconsistent with the theory underlying the elements of financial statements. A discipline combining science, statistics, and computer coding to make predictions based on patterns in data is called __________ ____________. \text{Branch Hotels}& 140,000\\ Which of the following statements is accurate when discussing the challenges associated with gathering qualitative data? True or false: Controllable costs are the same as direct costs. New York City, which has had a rent ceiling law for more than sixty years, has many abandoned apartment buildings throughout the city. Journalize the summary entry to record each of the following for the month: Commodity managers must be aware of _________ ,conditions to ensure they meet supply and demand, price movements, and proper acquisition timing. user-generated content associated with social media. Select which of the following accurately describe a focus group, Marlena is putting together a focus group to obtain feedback on the new juice product her company plans to launch next year. Once a new venture has passed the startup stage, additional value is created by all of the following EXCEPT. The value of materials purchased by market grade is subject to to ascertain the degree of compliance. The process of segmenting a market and selecting specific segments as targets is the link between __________ and the organization's marketing program. ____ is a critical first step in identifying and assessing an ethical dilemma. Accounting 222-Financial Accounting Basics vi, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Fundamentals of Financial Management, Concise Edition, Principles of Managerial Finance, Brief Edition. This is an example The government decides that all citizens deserve to watch affordable DVDs so a price ceiling of $12 per DVD is placed on DVDs. WebIn FY 2016-2017, 37.6% of SMSF audits cost $0-$499, 50.4% of SMSF audits cost $500-$999, 9.8% of SMSF audits cost $1000-$1999, and 2.1% of SMSF audits cost $2000 or more. When the price ceiling is in place and taking account of the resources lost in search, consumer surplus ________ and producer surplus ________ compared to the equilibrium before the price ceiling was imposed. Indirect costs are almost always more expensive than direct costs because of the lasting impact they have on a company. In Eastern culture, ethical behavior tends to be described in terms of appropriate behavior, moral standards, and compliance. Today, product/service warranties are not a competitive marketing tool. Which of the following are steps in the marketing research process? Criteria for forming segments involve both similarities and differences. Which technique allows researchers to directly measure how much attention consumers pay to various marketing situations such as promotions, packaging, television advertising and print advertising? Corinne's company is conducting a survey and has selected participants who meet the following criteria: age 25 years or older, live in the southwestern part of the United States, speak Spanish. T/F. A secondary data source would be data collected. T/F. Presenting data and research results through the use of pictures and graphs is the idea behind _______. Which of the following factors does NOT play a role in the rate at which a new product is adopted across the various customer segments? how to allocate indirect expenses 1. the use of user-generated content in online research, MAD, a mobile application developer, develops B4UBuy, an app that searches for retail coupons. Which of the following questions is OK for Abigail to ask? D. Statement of Cash Flows. Marilyn wanted to know how many girls at her high school had their own car. Nalia has a small business that sells knit hats and gloves. 2) Which of the following best describes transferred-in costs in process costing? Which division is operating more efficiently? This series is for the Cambridge International AS & A Level Computer Science syllabus (9608) for examination from 20 Listen to the complete question. Using a stock-vesting agreement is one way to make sure that only stock that has been earned will be distributed. Division B reports the following data: sales = $60,000; income = $9,600; average assets = $48,000. Maintenance, repair, and operating supplies deal with many __________ value purchases. WebEUPOL COPPS (the EU Coordinating Office for Palestinian Police Support), mainly through these two sections, assists the Palestinian Authority in building its institutions, for a future Palestinian state, focused on security and justice sector reforms. Success on use of assets to generate income. c. consumer perceptions of the product's value \ Explain and discuss the difference between these two methods. WebStudy with Quizlet and memorize flashcards containing terms like tax farmers., the quantity of apartments demanded will increase., 30; 20 and more. ** Using the transaction data above, prepare (1) a cash-basis income statement and (2) an accrual-basis income statement for the month of January. WebThe accounting records contain the following information: Estimated Actual Manufacturing overhead costs $200,000 $240,000 Machine-hours 40,000 50,000 18) Using job costing, the 2010 actual indirect-cost rate is: A) $4.00 per machine-hour B) $4.80 per machine-hour C) $5.00 per machine-hour D) $6.00 per machine-hour Web(a) Facilities and administration classification. To combat the ethical implications of gathering data on customers, many companies employ, Passive data collection is a technique used in, One of the advantages of quantitative research is that. **c.** A bond issued by Toyota in the United States with the interest payable in yen. Identify and define marketing opportunities, Which of the following are included in the four Ps associated with every company? Some disadvantages of relying solely on financial measures include that: (Check all that apply.). The _____ represents how a startup uses its cash to cover its overhead before it generates a positive cash flow from operations. Administrative Cost -10%. there will be neither a shortage nor a surplus of the good. This information is a form of _______ data. offer customers a discount for prompt payment, Which of the indicators listed would be considered performance measures for the financial perspective? Before the purchase commitment is made to the supplier. 1. How is using description by brand restrictive? Supply need management is important for smaller businesses to maintain ___________ cash flow. In a crop market with a price support above the equilibrium price, the total amount of the subsidy paid to farmers is equal to the. Pays$6,000 in advance for 3 months' rent of office, showroom, and repair space. Landlords' incentives to provide apartments decrease. ), -Actual amounts increases the time spent searching by workers who cannot find a job. This scenario exemplifies. When an item purchased meets the performance, the product is a good fit and meets the intended use requirements. T/F. Which of the following individuals would be the best fit as the chief executive officer (CEO) of a startup? Julie's wages are an example of ______ expenses for the production department. $$ ** A bond issued by General Motors in Japan with the interest payable in U.S. dollars. ), actual cost information The purchase price of a capital purchase is between _______ percent of the total cost of ownership. ** A bond issued by General Motors in Japan with the interest payable in yen. Which type of research is this company most likely conducting? Organizational need can be divided into broad categories. by an organization every day for its routine operations. Evaluating manager's performance based solely on financial measures has limitations. The degree of tangibility can be used in strictly service organizations, with no tangible goods, by setting standards for, The quality of the _______, component is the primary concern in services with high labor, Prior to awarding a supplier business, the buying organization should conduct a. Personnel expenses would most likely be allocated to operating departments using which allocation base? and more. Could a companys change in NWC be negative in a given year? \ Janice is conducting a(n) _____. Heat maps and bee swarms are associated with which neuromarketing technique? A depiction of a __________ for beverages in the minds of adults is a means of displaying or graphing in two dimensions the location of products or brands in the minds of consumers. pass through the system and lead to customer warranties, loss of customers, handling complaints, and product repair. Which of the following best describes the benefits of observation as a data collection technique? Which division has the highest residual income? Round your answer to two decimal places. tQM was developed in ______ by _________. ________ is used to understand the impact of independent variables on a particular dependent variable. Based on the demand estimated for the app during a free trial, the amount of usage, and the demographics of the users, MAD estimates that the app will sell 4,000 units over a period of three months. An integrated effort designed to improve quality performance at every level of the organization. Purchases 40 personal computers at a cost of $1,500 each, 6 graphics computers at a cost of$2,500 each, and 25 printers at a cost of $300 each, paying cash upon delivery. 4. Bill is a lender and is considering a loan for Joann and her new business venture. Many companies now have______ who serve as watchdogs, guarding against unethical practices in their company's collection of consumer data. Why do some workers lose their job when the minimum wage is increased? In an effort to keep the nation warm, the president places a price ceiling of $100 in the market for winter jackets. \text{Starks Bank}&\$180,000\\ The stocks have a correlation of $0.92$. The accounting department of a manufacturing company is a(n): Each of the following are a type of responsibility accounting center: A _____ center manager is evaluated on their success in generating income. **e.** A bond issued by Toyota worldwide with the interest payable in dollars. -Specifications cannot be laid down with sufficient accuracy. A measurement instrument exhibits ________ if it measures what it is supposed to measure, and not something else. True or false: Employees who directly deal with upset customers due to substandard goods or services, always become more prideful in their work. Value proposition describes how _______ will improve customer success and allow the organization to do better. _____ is a strategy in which a company starts with a high price to capture uniqueness and competitive advantage, and then drops the price as competitors enter the market in order to stay ahead of competition. The company's target rate is 10%. Valerie's company recently increased the price of its most popular brand of dog shampoo. If Kelly wants to access and use the information stored in a data warehouse, she would rely on _______. The growth in information that inundates businesses each day and the complex tools used to analyze the data and derive meaningful insights is known as, The most frequently offered eye-tracking output is/are. 2) In a process-costing system, the calculation of equivalent units is used for calculating ________. ABC manufacturing wants to understand their business needs better, to do this they must first know who, Supply management is concerned with the _______ proposition of specific needs, Besides the dollar value, items are considered strategic if, Reviewing corporate need under a financial examination allows supply managers to help. MRO is a very diverse category that generally deals with small value purchases so keeping acquisition costs low is a challenge. When supply chain managers consider logistic needs, the packaging can affect. Which of the following is the most advanced brain-scanning technique available today? For Prince's profitability and long-term survival, the firm must use a marketing strategy of ________ to ensure that consumers believe that its products have unique and superior attributes when compared to the competition. This class of quantitative forecasts uses linear or multiple regression lines from leading indicators. Job W, which is still in process at year-end, shows charges of 2,500 for DM and -Suppliers are publicly recognized by buyers. Part of Dr. Ekman's FACS system is the detection of _______, small, split-second changes in facial muscle movements. Which of the following is NOT a formal interdependent process? As a research technique, blog mining involves _______. A rent ceiling controls the rent portion of the cost of housing but not the search cost. Launch objectives are the key goals for a marketing campaign. Which of the following is the formula for the current ratio? When research is limited by participants who are reluctant to answer or refuse to answer questions, it would be useful to utilize _______ techniques. WebStudy with Quizlet and memorize flashcards containing terms like Step 1, Step 2, Step 3 and more. Into which of the three elements of manufacturing cost would each of the following be classified? Companies who conduct research based on the questions who, what, when, where, and how are conducting _________ research. If the division has income of $600,000 and $2,500,000 in average assets, what is the target income %? A(n) _________ is a representative subset of the larger population. $600,000 - $350,000 = $250,000. Sells 30 personal computers at$2,550 each. At startup, the organization chart is more likely to be _____, reflecting the fact that the entrepreneur and the founding team often perform all the functions when the business is starting. How is language an obstacle to global marketing research? A division reports the following figures: Sales = $50,000; Net income = $5,000; Average assets = $30,000. ", All of the following are part of an entrepreneur's extended network EXCEPT. The Subcontract Administrator is responsible for the cost, schedule, and control of the subcontract until completion. In general, manufacturing and production firms are organized as _____ or _____ organizations. For repetitive purchases contract length is influenced by. T/F. c. Random assignment keeps expectations from influencing the results of the experiment. As a result, When a price ceiling below the equilibrium price is imposed on a good, production of the good. aggregating prospective buyers into groups, or segments, that (1) have common needs and (2) will respond similarly to a marketing action. ____ refers to operating a business in a way that exceeds the ethical, legal, commercial, and public expectations that society has of the business. Which of the following is NOT a strategy that can help entrepreneurs arrive at a realistic forecast of demand for their product or service? landlords of previously barely profitable apartments refuse to rent them. With regard to pricing models, _____ products are defined as those whose price is transparent, easily identified, and most subject to downward pricing pressure. residual income is not as useful when comparing investment centers of different sizes. T/F, During an interview, understanding who the candidate is can be effectively accomplished in part by asking. B. A rent ceiling is set at $400 per month.As shown in the figure above, the rent ceiling, An illegal market in which the price exceeds a legally imposed price ceiling is called a. T/F, In a wholly owned or closely held corporation, there really is no distinction between the functions of a board of directors and those of a board of advisors. There are five forms of inventory that include raw materials, work-in-process, _______________goods, ________ items, and resale items. A perceptual map enables a manager to see how __________ perceive competing products or brands, as well as the firm's own product or brand. 2) Vital Industries manufactured 1,200 units of its product Huge in the month of April. e. Statistical analysis cannot be performed on an experiment if random assignment is not used. _____ is a tool for increasing the level of visibility of an entrepreneur's website when customers search for the company online. The amount of advertising allocated to Department 3 will be $. Capital expenditures are shown as on the balance sheet. The range between 100% insourcing and 100% outsourcing. Retail store type and usage rate are both variables used to employ __________ segmentation. Two popular methods of financial statement analysis are horizontal analysis and vertical analysis. Just-in-time (JIT) systems are designed to have components, materials, and services arrive at work centers exactly as needed. 9 & 1,000 & 135 & 19 & 1,250 & 151 \\ EEG measures patterns of ______ activity emanating from the outermost part of the brain, the cortex. This data shows that if you have a fairly standard fund structure, you can expect to pay in the range of $500-$1000 in SMSF audit fees.Cost Accounting Topics; Harvard University Marta invests $\$ 1500$ in a different account that earns $5.7 \%$ compounded annually. Every organization has specific needs, the value of these needs are categorized into three levels, they are: Strategic, traditional, and additional current. The cash conversion cycle is computed as: days' sales in accounts receivable plus days' sales in inventory minus days' payable outstanding, days' sales in accounts receivable plus days' sales in inventory minus days' sales in accounts payable, Which of the indicators listed would be considered performance measures for the innovation and learning perspective? some profitable opportunities may be rejected to keep return on investment high. A rent ceiling set below the equilibrium rent, In a housing market with no rent ceilings, the equilibrium rent is that for which the quantity of apartments demanded. Service production can be with _____________ or ____________, or a combination of both. Balance Sheet The Crosby Company accumulates costs for each account (client) on the basis of both direct costs and allocated indirect costs. Suppose the government imposes a price support that is above the equilibrium price. Accumulate sales, direct expenses, indirect expenses by department Placing a surveillance camera on the competitor's premises. Which quantitative research method provides information on consumer attitudes, intended behavior, and the motivations behind behavior? In Eastern culture, ethical leaders are viewed as being, Most ethical issues are not criminal acts but rather small dilemmas that present themselves with great regularity every day. \end{array} monitor continuous quality improvement programs. Annual cost for inventory range from __________ of the total value of the inventory. One marketing action that can be taken to sell a single product or service to multiple market segments is to. The figure above shows supply and demand in the market for labor. When beginning the process of data collection, a firm must decide whether to use _______ or _______ data. Increased emphasis is placed on senior leadership accountability with quality and business strategies. Al is participating in a research study on his smartphone. Which of the following activities should she be doing? Which items influence the decision of an organization for what needs are required to operate the business? (Check all that apply.). is used to complete work that has been bid out by prime contractors. A cornerstone of Prince's strategy is developing new products that have the features desired by players of differing skill levels. Therefore, companies should consider using measures to help evaluate manager performance. $$ 3. Jane works in the maintenance department which supports both the production department and the research department. In order to do so, the marketing team at Baby Blender restricts the respondents to mothers with children under the age of one. Which of the following is a criterion used for selecting a target market? Valerie has been asked to complete a _______. **a. Which component of the business plan is used to include items such as rsums, calculations, and surveys that support your claims in the main body of the report? &\textbf{Direct Labor}&\textbf{Media Purchases}\\ A division of a manufacturing company has a return on investment of 24%. After this price ceiling is in effect, deadweight loss equals ________. 3) Process costing should be used to assign costs to products when ________. If only two of the cards in the hand are clubs, what is the probability that the chosen card is a club. \hline Excess Premium -8%. 26) On occasion, the FIFO and the weighted-average methods of process costing will result in the same. uses insights and tools from neuroscience to better understand consumer responses to different kinds of marketing stimuli. Specification by material and method of manufacturing places the risk and responsibility on the _________ organization. d. a. advertising budgets \ A payment model where the advertiser pays based on some manner of conversion such as a sale or site registration is known as. This is an example of ________ data. Building brand equity requires that customers form an emotional attachment to the brand. Bank A has a leverage ratio of $10$ , while Bank B has a leverage ratio of $20$ . A flaw that results in loss of consumers or a lower customer satisfaction level is a. T/F, A(n) _____ is the region from which you expect to draw customers. The costs associated with defects incurred within the system that can lead to scrap, rework, repair? T/F, Strategies are the plans for achieving the goals and, ultimately, accomplishing the mission of a company. the quantity of apartments demanded will increase. Explain how this might come about. pay extra attention to any special needs. -No existing supplier in the market and not enough time to spend developing one before the product is required. T/F, At startup the goal is to create a mix of resources that will enable the new venture to start and operate until sales of the business's product or service produce a positive cash flow. T/F. WebStudy with Quizlet and memorize flashcards containing terms like Market Segmentation, product differentiation, market-product grid and more. Which of the following components of a customer journey map are essential? _____ is the management and control of the flow of goods and resources from the source of production to the marketplace. \end{array} 7) In a series of interdepartmental transfers, each department is regarded as separate and distinct for, 8) When calculating the costs to be transferred using the FIFO method, we should not include costs, 9) Transferred-in costs are always 100 percent complete at the beginning of the process in the new, 10) Transferred-in costs are costs incurred in previous departments that are carried forward as the. (Check all that apply. For a self-insured employer, direct injury costs include: Claim Cost 80%. The figure above illustrates the bagel market. It varies significantly among different customer groups. Overhead is allocated to each project as a percentage of media purchases. The _____ looks at the financial health of a business at a single point in time. ), Employee satisfaction the results may be generalizable to a larger population. Jose invests $\$ 1500$ in an account that earns $5.6 \%$ compounded annually. The core proficiency is seen as the key to a company's success. Math. This is an example of _______. Carli is taking the information she learned from the focus group and placing it into a spreadsheet, so she can identify the trends in buying habits of the participants. WebUse Six Sigma to Control Indirect Costs. A car manufacturer has ________ the installing of windows in all their models to a third party vendor. A ________ is a system that assesses an organization's marketing information needs, develops the needed information, and helps decision makers use information to create and validate actionable customer insights. hire the services of a marketing research company based in China. Which system is designed to have components, materials, and services arrive at work centers exactly as needed? Geoffrey Moore's modification of the adoption/diffusion curve shows the _____, a period when the early adopters have been exhausted and the technology abruptly stops selling. Marlena is putting together a focus group to obtain feedback on the new juice product her company plans to launch next year. Company A has a return on investment of 20% and Company B has a return on investment of 24%. Weba. The fourth step in the marketing research process is _____. Advertising effectiveness studies and sales tracking are aspects of the _____________component of the four Ps. Anna is in the final stage of the marketing research process. 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