Cost predictions should be confined to the relevant range, which is the range of activity expected for the organization. If the organization operates at an activity level outside the relevant range, any cost predictions based on data from the relevant range may not be very accurate. What happens if outliers are present in your data?

Answers

Answer 1
Answer:

Answer:

TRUE

Explanation:

In managerial accounting, there are 2 meanings and significance of a relevant range.

1. The relevant range is the level of activity (range) that a firm is operating i.e. the volume of its production activity.

2. The relevant range is the level of activity within which certain cost behaviors are true i.e. whether the costs by their characteristics are fixed or variable.

Beyond a relevant range, cost behaviors could change in 2 ways

1. Variable costs could start manifesting the characteristic of semi variable costs or mixed costs or

2. Fixed costs could become stepped and become stepped fixed costs.

Therefore cost estimations which is based on cost behavior are only VALID within the relevant range. It is only within a given level of output that certain cost estimations holds true.


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Liz refuses her employer's request to falsify the contents of a report to the Equal Employment Opportunity Commission (EEOC). The employer subsequently discharges Liz for not following orders. Identify the exception to the employment-at-will doctrine that Liz is likely to choose when she files a wrongful discharge suit. A. equal employment B. affirmative action C. reverse discriminationD. implied contract E. public policy

Which of the following statements is not true about an evaluative interview?A. The college wants to find out information not contained in your application form.

B. There is no written record kept of the comments you made during the interview.

C. The college wants to determine what you have to offer and how you would fit in.

D. The interview becomes a permanent part of your application file.

Answers

The correct answer is B. 

The interviewer will be taking notes with recommendations for the next person in the process, since the interviewer won't be the sole person making the rejection/acceptance decision.

Answer: The correct answer is  "B. There is no written record kept of the comments you made during the interview."

Explanation: "B. There is no written record kept of the comments you made during the interview." - is NOT true because

Generally the evaluation interview is carried out with objectives such as:

The college wants to find out information not contained in your application form.

The college wants to determine what you have to offer and how you would fit in.

And since the evaluative interview will effectively be part of your application file, many of the statements given in the interview must be written down.

expansionary monetary policy lowers , and increases demand for investment and consumer borrowing, which shifts aggregate demand to the . a. interest rates; right b. rates of return; left c. rates of return; right d. exchange rates; left

Answers

Expansionary monetary policy is an economic strategy that is implemented by the central bank to stimulate economic growth by increasing the money supply and lowering interest rates. The correct option Option A.

This policy is designed to increase investment and consumer borrowing in the economy, thereby increasing demand and shifting the aggregate demand curve to the right.

When interest rates are lowered, it becomes easier and cheaper for businesses and individuals to borrow money. This encourages increased investment and consumption, which stimulates economic growth. Lower interest rates also make saving less attractive, which can lead to increased spending and investment. As a result, aggregate demand shifts to the right.

The correct answer to the question is (a) interest rates; right. Expansionary monetary policy lowers interest rates, which increases demand for investment and consumer borrowing, and shifts aggregate demand to the right. This policy can be used to combat recession or slow economic growth by stimulating demand and increasing economic activity.

Overall, expansionary monetary policy can have a positive impact on the economy by increasing demand and promoting economic growth. However, it can also lead to inflation if the increase in demand outpaces the supply of goods and services, and the economy overheats.

Therefore, central banks must carefully balance the benefits of expansionary monetary policy with the potential risks of inflation. The correct option Option A. . interest rates; right

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If an individual has a balance on her credit card, but would like to pay less money in the long run, she should _____. make the minimum payment every month talk with her credit card company about removing her annual fee pay as much as possible each month close her account and transfer her balance to a different credit card

Answers

Answer:

pay as much as possible each month

Explanation:

If you pay the minimum amount of money in your credit car thet will eventually generate interests, so if you want to avoid paying more money in the long run you should pay as much money as you can a month in order to start lowering the debt that you have in your credit card and eventually avoid paying interests.

If you have a balance on your credit card but you would like to pay less money in the long run, you should pay as much as possible every month. 

Facing stiff competition, Hendrix College, a small liberal arts institution in Conway, Ark., decided two years ago to bolster its academic offerings, promising students at least three hands-on experiences outside the classroom, including research, internships and service projects. Although it raised tuition and fees by 29 percent, enrollment in the freshman class rose by 37 percent. (Source: Jonathan D. Glater and Alan Finder, "In New Twist on Tuition Game, Popularity Rises With the Price," New York Times, December 12, 2006) Based on the information above, the demand for Hendrix College education is

Answers

Answer:

Inelastic

Explanation:

Price elasticity of demand (PED) is the proportional change in quantity demanded of a good or service if the price changes by 1%. The PED is calculated by dividing the percentage change in quantity demanded by the negative percentage change in price.

PED = 37% / -25% = -1.48 inelastic

If PED > 1, elastic demand

If PED < 1, inelastic demand

If PED = 1, unitary demand

Final answer:

The demand for education at Hendrix College is price inelastic, as evidenced by the increase in enrollment despite a substantial rise in tuition and fees.

Explanation:

Based on the information provided, the demand for education at Hendrix College can be characterized as price inelastic. Price elasticity of demand refers to the change in demand for a product or service when its price changes. In this case, despite a significant increase in tuition and fees by 29 percent, the number of incoming freshman increased by 37 percent, indicating that the demand is inelastic. This means that students are willing to pay more for the education provided due to the perceived value, which could be attributed to the promise of hands-on experiences including internships, research, and service projects that the college offers.

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The Army uses training, and awareness as preventive measures against sexual assault, promote the sensitive handling of victims, offer victim assistance, hold offenders accountable, and to reinforce Army values. Which of the statements is NOT true?

Answers

The answer : the army provides counseling only to individuals filing unrestricted reports

- Restricted reports : the victims does not want to trigger an open investigation
- Unrestricted reports : the victims want to trigger an open investigation

The army provides counseling to both restricted and unrestricted reports,

Heifer International’s function is to help reduce poverty by providingA) free food from livestock raised by Heifer International.
B) livestock to start small businesses.
C) the grain to raise livestock from Heifer International.

Answers

B. Live stock to start small businesses, your welcome :D