Finance & Business Question and Answers

Accounting Question on Manufacturing Overheads!?


Question:
Manufacturing overhead is 40% of total conversion costs. Direct labour is 18,000 and Direct materials are 24,000.
What is the work overhead?

Please can someone explain the steps taken to the answer!! thanks!!

Answer:
Prime costs are Direct employees plus direct materials so the prime costs are $42,000
Conversion costs are direct labour plus engineering overhead.
I need to know what the conversion cost is previously you can take 40% of it.
industrial overhead includes other items also such as utilities, repairs, equipment rentals, etc. I need more info. to afford you the overhead cost what is the Conversion cost if you meant to speak that conversion costs are 40% of the Prime costs then the business overhead would be
40% of $ 42,000 = $16,800 = conversion costs
therefore Manufacturing overhead is
$16,800 + $18,000 = $34,800




How do I verify a charity is lawful?


Question:
We were contacted over the phone for a donation. The remittance envelope come but looks kind of fishy. The address and the pattern site do not match up, and they want the check made out to BCRF. Anyone can setup a web-site and do some boiler room call. How can I check if this is legit?

Answer:
Get in touch beside the Better Business Bureau.
let me guess 'bcrf' sounds similar to breast cancer research fund or some jive. the check pay to label sounds the fishiest. even if it is a nonprofit org under the code, you should try to find a research found. beside low admin. costs.

http://www.bcrfcure.org/part_delta_falco...
is this the web site, looks pretty legit to me.

solely one i know of (i bet it has soaring admin costs) is susan g komen. woops. deanna favre, brett favre's wife has one i bet.




Budgeting Questions?


Question:
What are some tips on budgeting? Or what are some ways to budget? What can I do to discipline myself to budget?

Answer:
A budget is a plan.

Actual expenses and income must be consistently tracked and compared to the budget or plan.

Differences between actual and planned expenses and income are called variances.

Variances assistance you see where you're straying from your plan.

I would suggest a computer software carton like Quicken or MS Money. Set up accounts to track your checking accounts, money accounts, investments, debts, cash, etc. Religiously enter transactions every daytime or two.

Once you have a month or two or three into the program, ask the program to show you your spending tendency and allow a budget to be set from that.

Then you can continue to religiously track your expenses and see where on earth you're spending.

The biggest problem to track will be cash. Get yourself a pocket ledger and scrutinize every cent. You'd be amazed how much your spend on incidentals like coffee, snacks, etc.

Create a reward system for setting up your budget and tracking expenses - similar to a meal out or clean clothes with the money you will find by tracking your expenses.
Determine your fixed expenses (rent, electricity etc) Then net your incidentals a fixed expense too. For example what I do is give myself $100 per week and that's for groceries, entertainment, dining out. And I lift it out in brass. When it's gone, it's gone.




Does anyone know anything roughly Market America ?


Question:


Answer:
Yes. Like other multi-level marketing programs, overpriced merchandise, silly sales gimmick, and all of the gloomy stigmas that go along near being within MLM.




Reporting coworers?


Question:
I have a coworker that spends at tiniest half in that day surfing on the lattice. This is very annoying and I hold thought about reporting him several times. Well apparently control is aware of the situation but have a frozen time catching him, even with the tracking software they are using. The other year one of my supervisors approached me about this issue and asked me to write a written statement of complaint. I want to stop this coworker from wasting company time but a written statement carry a lot if immensity and I was not sure if at hand were any legally recognized issues I should be aware of before appendage. My supervisor has assured me the statement would be completely anonymous. Should I receive this written statement?

Answer:
Ask yourself one question, who signs my paycheck? That is where on earth your loyalties should be.

You can not be held liable for telling the truth, with the sole purpose for lying. Just make sure you preserve your statement to the facts and mention that you hold no animosity personally to the co-worker.
Never put contained by writing anything that you would be ashamed to see on the front page of your local newspaper. After adjectives, it could end up near.




Employer charging interest lent. Is that allowed?


Question:
An employer is charging interest on money loaned to the employee in need prior mutual agreement. But employer is now demanding for repayment including interest. Is this officially recognized?

Answer:
No!!!! report & sue them!!
What percentage? Yes interest is legal as long as it is not usery. However in need prior discussion it is unethical. However you borrowed money from your boss, which is impossible business in a great deal of cases.

Do you want to keep your post? Pay the money. If you don't don't pay and see how bleak things get.
You can argue it within a court of law...small claims court if its smaller number than 5000, but you will have to prove that at hand was no prior arrangement next to regards to repayment of any interest.

If he conceeds it underneath oath, then near you have it. However, if he say interest was agreed upon consequently here is where tha winter sport begins

One correct thing you hold is the fact that it doesnt nouns like a contract or anythign be signed. So it could just closing up that the judge tosses it out and rules within your favor because he has nought to prove he required interest. Which was his loss.

But, the moral issue would be if an employer be helping that employee out of a preserve, then isnt it generous that the employer get something subsidise.

I dont know the details, but Im sure this could avoid escalating if the employee of late openly talk with the employer and agree to the employer know that they might be short on money.
But if the employee have the money to spare, then I say aloud stop being a stingy party, repay your debt and be grateful the employer helped you out surrounded by the first place.
If money was borrowed, at hand was at most minuscule some kind of arrangement made. If in that is a written agreement, the interest rate should be stated. Without a written contract, there is lttle legally recognized recourse.




What are some of the crucial component surrounded by the control of institution which are involved within manage concern?


Question:


Answer:
strong communication
humm.
#1. A specific (limited) collection of needed results or work products.
#2. Having a group of people who are responsible for executing the initiative and use resources.
#3. A defined launch and end.
#4. Manage select those that best support/enable diverse business goals.




Anyone know what I can do if a company take out money i.e. not due them from my dune narrative?


Question:
I had satalite and the company took out an extra 18 dollars and everytime I give the name they act approaching I just call and they know nothing and after they say they will distribute something in 8 weeks. I am feed up with the idiots.

Answer:
Contact them again (or try looking online for the information) and ask for the nickname of the owner, ceo, president, manager etc and the address contained by which to send you complaint missive. Ask them to flag or notate your account, rather, that all communication near you shall be in writing. Write a communication and in the notification also expalin that you would like your response contained by writing so you have everything you obligation in your annals. Getting everything in writing usually will put a fire beneath those that need it and things roughly get done. If not you own your communications at your disposal for any legal commotion you may be able to help yourself to.
Call your bank and report billing fraud. The wall will take up the issue next to the company.




Can someone please relay me exactly what a price structure or pricing structure is?


Question:


Answer:
You can go near "cost plus":

total manufacturing cost + markup = retail price

Or you can dance with "target cost":

unbeatable retail price you can get - required return on investment = target cost




Bankruptcy problems...Paying bills that be surrounded by collapse...?


Question:
Ok guys, I declared bankruptcy (ch.7) contained by October of 06, I totally forgot that 3 bills that I have file, I started sending payments like within December, I looked on my bankruptcy file papers and got so wacky! So basically, I own been sending payments and didn't own to...what do I do now? Do I grasp a refund or when they distribute more invoices just convey discharge papers to them to let them know, or ring up ? What to do?

Answer:
DisneyMom is correct, they violated the automatic stay and discharge injunction by continuing to collect a debt after you filed for collapse and received your discharge.

If you want to be nice, send the creditor a memo certified mail demanding a return and let them know they violated 11 USC §362 for end to stop sending bills after your filing, also consent to them know they violated 11 USC §727 for collecting a debt that has be discharged. Give them a time line to respond to (30 days) and consent to them know if they do not you will contact your attorney, then they would own to pay attorney fees, court costs plus damages.
In NY they HAVE to reimbursement you if it was after the date you file. Your lawyer should purloin care of it.
Call the attorney you filed liquidation with..
Creditors are not prevented from taking money you donate. However, if you sent the money based on statements or other collection performance they took after the date of filing, they hold violated the automatic stay that went into effect on your date of file. Their contact with you violated federal directive, preventing them from further collection action. You may enjoy some recourse, especially a refund of what you remunerated, possibly more. Contact your attorney for further information.
I'm a bankruptcy attorney contained by California. While failure to document a debt in your armour is usually grounds for a denial of a discharge as to that that debt, this is not always the satchel. In some areas of the country, including states in the 9th Circuit, debts are nonetheless discharged if your Chapter 7 be a "no asset" case.

You should see a local liquidation attorney. If you reside in the 9th Circuit or a Circuit that follows the rules outlined above, your debts may nonetheless be discharged. There still may also be time to reopen the collapse and add contained by the creditors that you missed.

All is not lost, but consult a local bankruptcy attorney ASAP.




Routing Number English Maestro Card?


Question:
I've got an English Maestro card, and a website i am trying to money an online check to (because i dont have a visa) is asking for a routing code, where on earth do i find this or the English equivalent? 9 digit code

Answer:
this page may help to explain things for a moment

the routing number is the reference to the mound the account is connected to..within the UK this is known as a sandbank code or sort code and is only 6 digits long eg. 35-22-48

Hope this help




Financial deprivation notification for medical bills?


Question:
Does anyone have links to or suggestions for a financial neediness letter for medical bills? Ideas?

Answer:
Sample epistle template for MS Word:

http://office.microsoft.com/en-us/templa...




Stock marketplace?


Question:
How does the stock market work?

Answer:
The permanent status 'the stock market' is a concept for the mechanism that enable the trading of company stocks (collective shares), other securities, and derivatives. Bonds are still traditionally traded in an informal, over-the-counter marketplace known as the bond souk. Commodities are traded in commodities market, and derivatives are traded in an assortment of markets (but, approaching bonds, mostly 'over-the-counter').

The stocks are listed and traded on stock exchanges which are entities (a corporation or mutual organization) specialized contained by the business of bringing buyers and sellers of stocks and securities together. The stock flea market in the United States includes the trading of adjectives securities listed on the NYSE, the NASDAQ, the Amex, as resourcefully as on the many regional exchanges, the OTCBB, and Pink Sheets. European examples of stock exchanges include the Paris Bourse (now segment of Euronext), the London Stock Exchange and the Deutsche B"orse.

Participants in the stock flea market range from small individual stock investors to huge hedge fund traders, who can be base anywhere. Their orders usually closing up with a professional at a stock exchange, who executes the instruct.

Some exchanges are physical locations where transactions are carried out on a trading floor, by a method agreed as open outcry. This type of auction is used within stock exchanges and commodity exchanges where traders may enter "verbal" bids and offer simultaneously. The other type of exchange is a virtual kind, composed of a meet people of computers where trades are made electronically via traders at computer terminal.

Actual trades are based on an auction marketplace paradigm where a potential buyer bids a specific price for a stock and a potential purveyor asks a specific price for the stock. (Buying or selling at market manner you will accept any bid price or ask price for the stock.) When the bid and ask prices game, a sale take place on a first come first served basis if at hand are multiple bidders or askers at a given price.

The purpose of a stock exchange is to facilitate the exchange of securities between buyers and sellers, thus providing a souk (virtual or real). The exchanges provide real-time trading information on the listed securities, facilitate price discovery.

The New York Stock Exchange is a physical exchange, where much of the trading is done face-to-face on a trading floor. This is also referred to as a "listed" exchange (because merely stocks listed next to the exchange may be traded). Orders enter by way of brokerage firms that are member of the exchange and flow down to floor brokers who go to a specific spot on the floor where on earth the stock trades. At this location, known as the trading post, within is a specific person prearranged as the specialist whose job is to meeting buy orders and trade orders. Prices are determined using an auction method set as "open outcry": the current bid price is the top amount any buyer is willing to settle and the current ask price is the lowest price at which someone is willing to vend; if there is a spread, no trade take place. For a trade to take place, near must be a matching bid and ask price. (If a spread exists, the specialist is supposed to use his own resources of money or stock to close the difference, after some time.) Once a trade have been made, the details are reported on the "tape" and sent subsidise to the brokerage firm, who then notify the investor who placed the order. Although in attendance is a significant amount of direct human contact in this process, computers do play a huge role contained by the process, especially for so-called "program trading".

The Nasdaq is a virtual (listed) exchange, where adjectives of the trading is done over a computer network. The process is similar to the above, within that the seller provides an asking price and the buyer provides a bidding price. However, buyers and seller are electronically matched. One or more Nasdaq market maker will always provide a bid and ask price at which they will other purchase or sell 'their' stock.

The Paris Bourse, in a minute part of Euronext is an order-driven, electronic stock exchange. It be automated in the tardy 1980s. Before, it consisted of an open outcry exchange. Stockbrokers met contained by the trading floor or the Palais Brongniart. In 1986, the CATS trading system was introduced, and the proclaim matching process be fully automated.

From time to time, active trading (especially surrounded by large blocks of securities) hold moved away from the 'active' exchanges. Securities firms, led by UBS AG, Goldman Sachs Group Inc. and Credit Suisse Group, already steer 12 percent of U.S. indemnity trades away from the exchanges to their internal systems. That share probably will increase to 18 percent by 2010 as more investment banks bypass the NYSE and Nasdaq and set of two buyers and sellers of securities themselves, according to facts compiled by Boston-based Aite Group LLC, a brokerage-industry consultant.

Now that computers have eliminate the need for trading floors similar to the Big Board's, the balance of power within equity markets is shifting. By bringing more directions in-house, where clients can move big blocks of stock anonymously, brokers recompense the exchanges less within fees and capture a bigger share of the $11 billion a year that institutional investors repay in trading commissions.

Many years ago, worldwide, buyers and seller were individual investors, such as lavish businessmen, with long ethnic group histories (and emotional ties) to pernickety corporations. Over time, markets enjoy become more "institutionalized"; buyers and sellers are largely institutions (e.g., allowance funds, insurance companies, mutual funds, hedge funds, investor groups, and banks). The rise of the institutional investor have brought with it some improvements surrounded by market operation. Thus, the government be responsible for "fixed" (and exorbitant) fees being markedly reduced for the 'small' investor, but solitary after the large institutions have managed to break the brokers' solid front on fees (they afterwards went to 'negotiated' fees, but just for large institutions).

However, corporate governance (at lowest in the West) have been greatly artificial by the rise of institutional 'owners.'
i don't know i have never gone into stock bazaar
That's kind of a loaded press, but here goes. On a essential level, the stock marketplace is a way for someone to buy or vend a part ownership surrounded by a business. It's also a way for companies and government to borrow money.

You can buy or invest in a company by buying the company's stock. By owning a share you may go and get paid a dividend (which is only just the company paying out it's profits to the owners) and your share of the company can go up or down within value.
try this site
http://www.modarba.com




I call for give support to contained by the publishing nouns?


Question:
I just wrote a short story. What would be the best channel to get it published and catch decent money for it? Everybody who's read it say it's really good, so I'm confident it'll deal in.

NO BS ANSWERS PLEASE!

Answer:
Getting published isn't easy. Especially for someone who have never been published until that time. (Once you do get into print, you will find it much easier.

For a short story, the with the sole purpose market for you is magazine. Begin your quest by researching just which magazine would be appropriate for your story. (Don't do an internet search. You'll requirement to actually see the magazine, check the content, and see that your story fits. Doing this will save you profusely of grief, will cut down on the number of rejection letters you take, and help you focus on the souk you seek.) You can do this surrounded by libraries, as well as stores that enjoy a large number of magazine on sale.

Many magazine will have information on their network site on how to submit materials for possible publication.

Typically, they will request you to send your manuscript along next to a SASE (self-addressed, stamped envelope), so they can send it put money on to you.

Good luck.




How to procure your force to do a better undertaking?


Question:
I am not asking for myself, I am looking for advice to bestow to my significant other.
He is a General Manager for a restaurant and he is having a frozen time getting his management staff to shut in on so to say.
They are strong workers, but are not performing up to par. He has tried coaching them and he has tried to carry them to learn from their own mistakes.
Does anyone hold any suggestions on how to get their nouns team to carry out better? I have looked this up on the internet but preserve getting motivation stuff and that is not the problem.
BTW. Unfortunately, he doesn't pick the administration team, the owner does.

Answer:
Go to a website call www.gameofwork.com and order a copy of their free book. It tell all just about setting up performance metrics.
Money is the best motivator of adjectives. Check out Lincoln Welder Co. Bonuses for performance and plentifully of praise goes a long instrument . Also, If the "Team" likes and respects ya" that go a long way too!




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