Alyeski tours operates day tours of coastal glaciers in alaska on its tour boat the blue glacier. management has identified two cost drivers—the number of cruises and the number of passengers—that it uses in its budgeting and performance reports. the company publishes a schedule of day cruises that it may supplement with special sailings if there is sufficient demand. up to 89 passengers can be accommodated on the tour boat. data concerning the company’s cost formulas appear below: fixed cost per month cost per cruise cost per passenger vessel operating costs $ 6,100 $ 473.00 $ 3.00 advertising $ 2,200 administrative costs $ 5,800 $ 31.00 $ 1.50 insurance $ 3,300 for example, vessel operating costs should be $6,100 per month plus $473.00 per cruise plus $3.00 per passenger. the company’s sales should average $34.00 per passenger. in july, the company provided 56 cruises for a total of 3,150 passengers. required: prepare the company’s flexible budget for july.

Insurance companies have internal controls in place to protect assets, monitor the accuracy of accounting records and encourage operational efficiencies and adherence to policies. these internal controls are generally of two types: administrative controls and accounting controls. administrative controls are the policies and procedures that guide the daily actions of employees. accounting controls are the policies and procedures that delineate authorizations of financial transactions that are done, safeguard assets, and provide reports on the company’s financial status in a reliable and timely manner. internal controls should include both preventative and detective controls. the purpose of preventative controls is to stop problems and errors before they occur. detective controls identify problems after they have occurred. preventative controls are usually more effective at reducing problems, but they also tend to be more expensive. internal controls must be flexible to adjust for changes in laws and regulations in addition to adding new products or modifying current ones. companies must also do regular analyses to ensure that the benefits of implementing the controls are worth their costs. when concerned about paying unwarranted insurance claims which type of control would be useful?

Which of these is an example of innovation?

Which of the following events could increase the demand for labor? a. an increase in the marginal productivity of workers b. a decrease in the amount of capital available for workers to use c. a decrease in the wage paid to workers d. a decrease in output price