The conversion cost of Craigmont company is $13,080,000
How to calculate the conversation costs ?Conversion cost can be described as the sum of the cost of direct labor cost and overhead cost.
The cost of direct materials is $3,600,000
The direct labor costs is $7,540,000
The overhead cost is $5,540,000
Conversation cost= cost of direct labor + overhead cost
= 7,540,000 + 5,540,000
= 13,080,000
Hence the conversion cost is $13,080,000
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Sabrina company recorded an adjusting entry for salaries owed to employees at the end of the year. as a result of this entry, sabrina company's?
As a result of this entry, Sabrina company's equity decreases and liabilities increase.
Owner's equity decreases when you have prices and losses. If your liabilities turn out to be more than your property, you'll have a poor owner's equity. You could increase terrible or low equity by way of securing greater investments for your business or increasing income.
Whilst an agency generates a profit and keeps a portion of that earnings after subtracting all of its fees, the owner's equity normally rises. on the turn side, if a company generates an income but its charges of doing commercial enterprise exceed those earnings, then the proprietor's equity generally decreases.
An equity growth is a permanent growth to the base earnings that can be granted to an employee below positive occasions, inclusive of elevated responsibilities that do not warrant a reclassification or a full-size salary lag to similar internal positions or the nearby hard work marketplace.
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question a home repair service company earned $990 performing annual inspections. they charged $55 for each inspection. how many inspections did they perform? 18 inspections 18 inspections 19 inspections 19 inspections 20 inspections 20 inspections 22 inspections
The correct option for the question of a home repair service company earned $990 performing annual inspections is option A. 18 inspection
An inspection is, most typically, an organized examination or formal evaluation exercise. In engineering activities inspection entails the measurements, assessments, and gauges carried out to certain characteristics in regard to an object or interest. Inspection approach cautious assessment. The primary objective of inspections is meeting purchaser necessities and preventing faulty merchandise from being disbursed. it is plain that a number of product defects cannot be checked or fixed at the final production level.
There are three primary types of quality inspections: pre-production, in-line, and final. There is an expansion of details that must be inspected and approved during each phase in order to detect and correct quality problems.
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a store offers two payment plans. under the installment plan, you pay 25% down and 25% of the purchase price in each of the next 3 years. if you pay the entire bill immediately, you can get a 10% discount on the purchase price. assume the product sells for $100.
According to The Question,
A-1) The instalment option's present value is $93.08
Present value of paying the invoice in full now is $90.A2) It's best to pay the invoice right away.
B-1) The instalment option's present value is $88.65
B-2) In this instance, paying in instalments is a preferable option.
Calculate for Each Part.
A1) This is an annuity due with payments of $25 up front and $25 at the end of each of the next three years. The present value is determined as follows:PMT equals the annuity payment of $25 at the start of each period.
I represents the period-to-period compound interest rate.=0.054 payment periods make up the number n.
A-2)
Paying the debt in full is preferable than paying it in instalments since the former has a cheaper cost of $90 while the latter has a present value cost of $93.08.B1)
If a full year passes before the 4-year instalment plan payments begin, the present value of the payment stream is determined as follows:B-2)
In this situation, paying in instalments is the best option because it costs less ($88.65) than paying the amount in full at once ($90 at present value).To Learn more about Payment Plans, Click the links.
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Correct Question - A store offers two payment plans. Under the installment plan, you pay 25% down and 25% of the purchase price in each of the next 3 years. If you pay the entire bill immediately, you can take a 10% discount from the purchase price. Assume the product sells for $100.
a-1. Calculate the present value of the payments if you can borrow or lend funds at an interest rate of 5 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
a-2 Which is a better deal?
b-1. Calculate the present value if the payments on the 4-year installment plan do not start for a full year. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
b-2. Which is a better deal?
a person's net worth would increase as a result of: a. decreasing savings. b. decreasing the value of investments. c. reducing the amounts you owe to others. d. decreasing the value of personal possessions. e. increasing spending for current living expenses.
The correct option (C) reducing the amounts you owe to others.
A person's net worth would increase as a result of reducing the amounts you owe to others.
What is net worth?A person's or company's net worth is the value of their assets less the number of obligations they have. It is a crucial indicator for assessing a company's health because it offers a helpful overview of its present financial situation.
In the financial industry, one's net worth also known as net wealth is used to determine whether a person is eligible for a particular set of investment opportunities or financial products, such as hedge funds, structured products, or other sophisticated or alternative investments.
Popular culture has also become fixated with net worth, with lists ranking the richest persons as well as the wealth of different celebrities.
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project hail mary stratt is brought into court for violating copyright law. she claims that the hail mary needs all knowledge from humankind.
Humanity and treaties are mentioned as sources of international law.
Humanity implies a moral force; nonetheless, it is unclear whether or how this moral force restrains actions of inhumanity, which almost always include armed aggression.
uncertain.
Humankind: What is it and how does it influence
international law?
People use various terms to describe humankind. It may imply
collectively, yet it also carries individual human beings.
ideas of selflessness and generosity. The morality of people
in international law refers to crimes against humanity.
Human rights, development, humanitarian intervention, and human security are modern notions.
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suppose smith wants one iphone no matter what the price is between $0 and $350, jones wants one iphone no matter what the price is between $0 and $200, and griffith wants one iphone no matter what the price is between $0 and $450. in this case, each individual buyer’s demand curve will be and the market demand curve will be .
Suppose Smith wants one iPhone no matter what the price is between $0 and $350, Jones wants one iPhone no matter what the price is between $0 and $200, and Griffith wants one iPhone no matter what the price is between $0 and $450.
What is market demand?Market demand identifies who wants to acquire a certain product and who has a need for it. This will depend on how willing consumers are to pay a particular price for a particular good or service. As market demand increases, so do prices. A drop in demand will be accompanied by a drop in price.
In this case, each individual buyer's demand curve will be vertical, and the market demand curve will be downward sloping.
Thus, they are vertical; downward sloping
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A major advantage of passive bond strategies is low transaction costs.
true/ false
A major advantage of passive bond strategies is low transaction costs. This statement is True.
What is a passive bond fund?
Passively controlled price range – additionally called index funds – invest in a portfolio of bonds designed to healthy the overall performance of a particular index, which include the Barclays U.S. mixture Bond Index. Index price range simply keep the securities which can be within the index, or, in lots of instances, a representative sample of the index holdings.
What are active and passive bond control techniques?
Active portfolio management focuses on outperforming the marketplace in contrast to a particular benchmark consisting of the same old & poor's 500 Index. Passive bond management mimics the funding holdings of a specific index with a view to gain comparable results.
Is passive bond or lively making an investment better?
Energetic techniques have tended to gain buyers more in positive investing climates, and passive bond techniques have tended to outperform in others. For instance, when the market is unstable or the financial system is weakening, energetic managers might also outperform extra frequently than whilst it isn't always.
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claire's surplus: $ roy is willing to pay $2.50 for a sports drink. he puts $5.00 into the vending machine and pushes the button for the sports drink without noticing that the price has increased to $2.75 until he counts the change he gets back.
Producer surplus can be determined at the level of a specific business using the equation: Producer surplus = total revenue - total cost.
Charlies'surplus will be $2.50-$2.75=-0.25
A visual depiction used to determine consumer excess is the demand curve. With the price represented on the graph's y-axis and the quantity demanded represented on its x-axis, it illustrates the link between a product's price and the amount demanded at that price.
Entire benefits minus total expenses can be used to compute total market surplus. The area between our marginal benefit and marginal cost, limited by quantity, is another option. Finding the difference between marginal benefits and marginal costs at each level of production is equal to doing this.
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a budget constraint model differs from production possibilities model in that, typically group of answer choices
A price range constraint version differs from the production opportunities model in that, normally: The production possibilities version demonstrates diminishing returns.
Production is the system of mixing diverse fabric inputs and immaterial inputs so one can make something for intake. it is the act of making an output, an excellent or carrier which has value and contributes to the utility of individuals.
Production is the method of making or producing items and products from uncooked substances or additives. In different phrases, manufacturing takes inputs and makes use of them to create an output that's suited for consumption – an excellent product that has a price to a stop-person or purchaser.
Production is the procedure of making, harvesting, or developing something or the amount of something that became made or harvested. An instance of production is the creation of fixtures. An instance of manufacturing is harvesting corn to eat. An example of manufacturing is the quantity of corn produced.
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operating assets include blank . multiple select question. investments in bonds accounts receivable inventory land held for investment equipment
Operating assets include accounts receivable, inventory and land held for investment equipment. Thus, the correct options are the B), C), and D).
What are the operating asstes?Operating assets refers to those assets which are acquired for use in the conduct of the ongoing operations of a business.
Operating assets are required in the daily operation of a busines and they also contribute to generate revenue from a company's core business activities.
Some of the examples of operating assets are the cash, account receivables, inventory, building, machinery etc.
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darnell is planning to rent a booth at a trade show specifically for veterinarians. darnell’s company offers benefits like discounts on supplies, access to group health insurance, and other resources for self-employed veterinarians. judging by the number of veterinarians who are self-employed, what number of attendees at the trade show would most likely be interested in darnell’s booth?
The number of attendees that would most likely be interested in Darnell's booth is : 1 : 3
The question is all about the ratio of self employed veterinarians at the trade show to the total number of veterinarians at the trade show.
Number of self employed veterinarians = 20
Number of Veterinarians = 60
Total number of veterinarians = 60
number of self employed veterinarians = 20
= number of self employed / Total number of veterinarians
= 20 / 60
= 1 : 3
Hence we can conclude that The number attendees that would most likely be interested in Darnell's booth is : 1 : 3.
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What did you think about the tragedy of dido?
Dido is a victim of fate, and her fate promised a horrible end for her. Aeneas is possibly the least accountable, because he is forced in his position by external and more powerful forces. Dido became ruled by her tragic passions, first by love and subsequently by vengeance, thanks to the gods' power.
Finally, she is a tragic person whose achievements are undermined by her uncontrollable emotions; a benefactor of her city and subjects who ultimately kills herself and them through uncontrollable love and hate. Dido's death is primarily the fault of the gods, who influence Dido and Aeneas into falling in love and then force Aeneas to abandon his lover.
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explain in your own words what is check
In the finance industry, a check is a device that instruct a bank to transfer funds from the payor’s account to the person's account.
What is a check?It refers to a written, dated and signed instrument that is used to directs a bank to pay a specific sum of money to the bearer of the cheque. The person writing the check is known as the payor or drawer while the person to whom the check is written is the payee.
The common features of check include the date, the payee line, the amount of the check, the payor’s endorsement and a memo line; the types of checks include certified checks, cashier’s checks and payroll checks (paychecks).
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If the price of a bottle of premium bottled water is $1.50, the total consumer surplus received by these consumers is?
Premium bottled water costs $1.50 per bottle.
If the greatest price a customer is prepared to spend is more than or on par with the cost of the bottle of premium bottled water, then they would be inclined to buy it.
Josh, Jose, and Jill are prepared to spend more money than the cost of the expensive bottle of bottled water.
The bottle of premium bottled water will thus be bought by these three.
Determine the consumer surplus that Jill obtained.
Price = $4 - $1.50 = $2.50; Consumer surplus = Maximum Willingness to Pay
Jill has been given a consumer surplus of $2.50.
Determine the consumer surplus that Jose has received by these consumers is $2.00.
Maximum willingness to pay minus price equals $3- $1.50 = $1.50
Jose has been given a consumer surplus of $1.50.
Determine the consumer surplus that Josh has received.
Maximum willingness to pay minus price equals consumer surplus, which is $2 - $1.50 = $0.50.
Josh has been given a consumer surplus of $0.50.
Determine the total consumer surplus that these customers have received.
The sum of Jill's, Jose's, and Josh's individual consumer surpluses is known as the total consumer surplus.
Total consumer surplus is equal to $4.50 ($2.50 + $1.50 + $0.50).
Thus,
These consumers have received a total of $4.50 in consumer surplus.
The cost of a bottle of premium bottled water has now gone up to $2.50.
If the consumer's maximum price threshold is higher than or on par with the price of the bottle of premium bottled water, they are likely to buy it.
of the high-quality water bottle.
The largest amount that Jill and Jose will spend exceeds the cost of the new bottle of premium bottled water.
Therefore, these two will buy the bottle of luxury bottled water.
Determine the consumer surplus that Jill obtained.
Maximum willingness to pay minus the price, or $4 minus $2.50, is $1.50.
Jill has been given a consumer surplus of $1.50.
Determine the consumer surplus that Jose has received.
Maximum willingness to pay minus the price, or $3 minus $2.50, equals $0.50.
Jose gets compensated by the consumer surplus of $0.50.
Determine the total consumer surplus that these customers have received.
Total consumer surplus is equal to the total of Jill's and Jose's consumer surpluses.
Total consumer surplus is equal to $2.00 ($1.50 + $0.50).
Thus,
The overall excess of consumers received by these consumers is $2.00.
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According to the small business administration, over 50 percent of all small businesses are home based true /false
According to the small business administration, over 50 percent of all small businesses are home based true organization's resources.
an example of a business administration The task of managing an organization's resources, time, and people is known as business administration. Professionals in business administration labor to make sure that companies and organizations are managed profitably, successfully, and effectively. Small Business Administration is a body that assisted new entrepreneurs and small enterprises in starting up. Through their connections with sources like venture capital firms, governmental organizations, etc., they offer capital support.
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a rise in demand is represented by a leftward shift in the demand curve, and a fall in demand is represented by a rightward shift in the demand curve.
A rise in demand is represented by a leftward shift in the demand curve, and a fall in demand is represented by a rightward shift in the demand curve. This is false.
What is demand curve?The relationship between the cost of an item or service and the quantity demanded over a specific time period is represented graphically by the demand curve. The price and quantity demanded are often represented with the price on the left vertical axis and the horizontal axis, respectively.
The demand curve for the majority of items, if not all of them, follows this rule. Rare instances of products with upward-sloping demand curves may exist. A Giffen good is one with an upward slope on the demand curve.
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The Statement "a rise in demand is represented by a leftward shift in the demand curve, and a fall in demand is represented by a rightward shift in the demand curve." False, Option B
This is further explained below.
What is the demand curve?Generally, A demand curve is a graph that illustrates the link between the price of a certain item and the amount of that product that is wanted at that price.
More specifically, a demand curve shows how the quantity of a commodity is affected by its price.
In conclusion, The statement that "an increase in demand is reflected by a leftward shift in the demand curve, and a reduction in demand is represented by a rightward shift in the demand curve" is not accurate.
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complete question
a rise in demand is represented by a leftward shift in the demand curve, and a fall in demand is represented by a rightward shift in the demand curve.
True or false
What problem might the ceo expect if the company switches to a matrix structure?
Organizational politics and the number of meetings will increase might be the problems might the CEO expect if the company switches to a matrix structure
What is matrix structure?In an organizational structure known as a matrix, some employees report too many leaders or supervisors in what is known as solid line or dotted line connections. The administration of cross-functional, cross-business groups and other work models that do not uphold rigid vertical business units or silos grouped by function and geography may also fall under this more general definition.
A negative aspect of matrix systems is, regrettably, that they lead to more meetings and organizational politics. Employees at Al's Auto would have to attend meetings about cars, trucks, and other vehicles in addition to sales, parts, and service meetings. Politics can get complicated since employees report to two bosses rather than one, and there will probably be power contests between the two managers.
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sustainable companies such as dirtt measure success by the triple bottom line, which includes , people, and profit.
Sustainable companies such as dirt measure success by the triple bottom line, which includes, people, profit, & planet.
What is Sustainable companies?Sustainability is a term used in a wide sense to describe the capacity to continuously support or maintain a process across time. Sustainability strives to halt the loss of physical or natural resources so that they will remain usable for a very long period in both economic and policy contexts.
A process must be capable of being supported in order to be sustained throughout time.
It is primarily based on three concepts: economic, environmental, and social sustainability.
A lot of businesses and governments have chosen sustainable aims, only two of which are the decrease of their environmental footprints and the preservation of resources.
It's becoming more and more common to make "green investments," often known as investments in sustainability.
Some companies have been accused by skeptics of engaging in "greenwashing," the practice of misleading consumers to promote
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A design process that directly engages end users at every design process stage to address the needs, limitations, and wants of the end user is the definition of:_____.
A design process that directly involves end users at every design process stage to address the needs, wants, and limitations of the end users is the definition of user centered design.
User centered design (UCD) is a methodology of design process that directly engages the end users in each stage of the design process in order to address their needs, wants and limitations. In user centered design, end users are involved throughout the design process via a variety of design techniques and research so that highly accessible and usable products can be created for them.
A deep understanding of the end users' needs and wants as well as their limitations provide a huge success ratio to the product. Addressing needs, wants and limitations from the perspectives of the end users throughout the design process identify who will use the product; why they will use the product; and the conditions under which they will use the product.
User centered design is based on the following four general principles:
Involving end users early in the design process. Aligning business requirements with needs and wants of end users. Regularly collecting and analyzing feedback from end users in the entire design process. Constantly improving end users' experience by improving design.You can learn more about design process at
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the market for gizmos has a downward sloping demand curve and a horizontal supply curve. all else equal, when market demand for gizmos , consumer surplus for gizmo buyers and producer surplus for gizmo sellers . a decreases; remains constant; decreases b decreases; increases; remains constant c increases; increases; remains constant d increases; decreases; increases e decreases; decreases; decreases
When market demand for gizmos increases, consumer surplus for gizmo buyers increases and producer surplus for gizmo sellers remains constant.
What is Market demand?The Definition of the term Market demand is known to be a term that connote the demand for a said product and also the person wants to buy it.
Based on the above, When market demand for gizmos increases, consumer surplus for gizmo buyers increases and producer surplus for gizmo sellers remains constant.
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The market for gizmos has a downward sloping demand curve and a horizontal supply curve. All else equal,
when market demand for gizmos _____, consumer surplus for gizmo buyers _____ and producer surplus for
gizmo sellers _____.
a. decreases; remains constant; decreases
b. increases; decreases; increases
c. decreases; decreases; decreases
d. decreases; increases; remains constant
e. increases; increases; remains constant
according to ohno and toyota, is a category of waste that retains unnecessary inventory between process steps.
Overproduction, according to Ohno and Toyota, is a type of waste that holds unneeded inventory between process steps.
Overproduction is the practice of creating a good or service in excess or before it is required. Most frequently, excessive production in manufacturing results in time and resource waste. Waste is the expenditure of time or resources to generate a good that goes beyond the needs of the customer. Depending on how the manufacturer handles the overproduction, several issues may develop. The consumer will be unhappy that they must pay more than they had anticipated for the product if the expense is passed on to them.
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to enable government relationships with citizens, businesses, and other arms of government is called e-government
Using the network and networking technologies to enable government relationships with citizens, businesses, and other arms of government are called e-government.
What is E-Government?This concept can be summed up as the use of ICTs to more effectively and efficiently provide citizens and businesses with government services. It is the integration of ICT into administrative processes for the public good. A Model Proposal for Local Governments to Increase Citizen Involvement in the Age of Information Society and E-Government: Crowdsourcing provides further information.
The use of or application of information technology (such as the Internet and intranet systems) to government operations and activities in order to simplify the exchange of information between the government and its constituents as well as between the government and its own constituents.
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a customer is terminating an employee for suspected activity that is against company policy. they have called ann to consult with them on how to best preserve any evidence the company may be required to provide in court. which of the following would best preserve the integrity of the data and best serve the client?
In order to preserve the integrity of the data and best serve the client remove and secure and HDD from the computer, documenting the process.
A customer is terminating an employee for the suspected activity that is against company policy. So they called Artificial Neural Network (ANN) to consult them on how to best preserve any evidence the company shall require to provide in court.
To remove and secure and Hard Disk Drive (HDD) from the computer is an important process in order to preserve the integrity of the data of a company. As an is a data storage device which lives inside the computer. Thus, it has spinning disks inside where data is stored magnetically.
Hence, as an HDD stores the complete data, it needs to be removed and secured from the computer, while documenting the process.
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organizations such as uber, citibank, and st. jude children's research hospital each provide customers with a product that is typically called group of answer choices a utility.
Organizations such as Uber, Citibank, and St. Jude Children's Hospital all provide their clients a commodity known as Service.
A service is defined as "any act or use for which a customer, business, or government is willing to pay." Work done by barbers, doctors, lawyers, mechanics, banks, insurance companies, and others are examples.Business services, social services, and personal services are the three types of services. A service is an intangible commodity in economics. Services, in particular, are an intangible equivalent of commercial products. Service providing is frequently an economic activity in which the buyer does not normally receive exclusive ownership of the product purchased, unless under exclusive contract.Public services are those that are paid for by society as a whole (country, state, fiscal union, or region). Service providers help service consumers by utilizing resources, expertise, innovation, and experience. Services are intangible activities or performances in which the service provider adds value to the customer.Thus this is the meaning of service.
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Which management scholar (from your reading) do you find to be the most influential and important, and how would you incorporate their approach into your managerial approach?
Steve Jobs, Steve Wozniak, and Ronald Wayne launched Apple, one of the top businesses in the world, in 1976. Steve Jobs is one of the management scholars in Delhi whose perspective I found to be the most influencing. As a result of poor manufacturing performance in the early years, Apple's founders left the business to pursue other specialized objectives.
What is a managerial approach?Management techniques can be used to lead and manage an organization. These might be incorporated into a manager's or an organization's management style. The following examples of management techniques are typical ones.
Thus, the example of Steve job is being given.
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A company failed to coordinate a clear message across all of the imc channels it was using to market its products and services. what are the ramifications of this misstep?
The customers are confused as a result of the wasted resources, time, and money.
Coordinating all of this activity across many communication channels is what integrated marketing communication is all about. Observe that persuasion—convincing people to believe something, desire something, or act—is a key element of this concept. In line with an organization's marketing strategy, effective marketing communication is goal-oriented. It seeks to communicate a specific message to a selected group of people with the intention of changing attitudes and/or behavior. Because it uses a variety of communication channels and customer touch points to convey a consistent message in more and more persuasive ways, integrated marketing communication (IMC) makes this marketing activity more effective and efficient.
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the first step in budgeting is to evaluate your current financial position by looking at just your income and expenses.
We can actually deduce here that it is false to say that the first step in budgeting is to evaluate your current financial position by looking at just your income and expenses. Thus, the answer is false.
What is budgeting?Budgeting is actually known to be the process of estimating one's revenues and expenses over a specified future period of time. Budgets are actually known to be compiled and re-evaluated from time to time i.e on a periodic basis.
We see here that when budgeting, one need to check previous expenses and income and evaluate the financial trend and then look into the future through financial prediction.
The complete question is:
The first step in budgeting is to evaluate your current financial position by looking at just your income and expenses.
TrueFalseThus, the answer is false.
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Every business must have one ____, whose primary role is to infuse money into the business.
Every company needs to have one owner, whose main responsibility is to provide financial support.
What is an enterprise?Organizations or enterprising entities engaged in commercial, industrial, or professional activities are known as businesses. Coordination of some sort of economic production is the aim of a business (of goods or services). Businesses can be profit-oriented businesses or charitable groups promoting a good cause. Businesses range in size and reach from modest local startups to vast international giants.
Business also refers to a person's activities and endeavors that generate and market goods and services for a profit. An idea and a name form the basis of the concept, and in order to determine whether it is possible to turn the idea into a business, extensive market research may be required.
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What is the dollar value of the total surplus (producer surplus plus consumer surplus) when the allocatively efficient output level q1 is being produced?
800 = 1/2(20 x 40) + 1/2(20x 40)
What is allocatively efficient?
The level of output where marginal cost and marginal gain are as near to each other as possible is known as allocation efficiency. It indicates that the cost of the good or service is roughly equivalent to the minimal gain from utilizing it.When a market is entirely competitive, the quantity supplied equals the quantity sought (this is the quantity that maximizes profit), and as a result, the marginal social cost equals the marginal social benefit (MSC = MSB), which is the quantity that maximizes allocation efficiency.A state of the economy known as allocation efficiency is one in which production matches customer preferences; specifically, every good or service is produced up to the point where the final unit offers consumers a marginal benefit equal to the marginal cost of production.When there is an ideal distribution of products and services taking into account consumer preferences, allocation efficiency occurs. The allocation efficiency is at the output level when the cost of production is equal to the price. This is because the ideal distribution is reached when a good's marginal value and marginal cost are identical. Consumers' marginal utility and the price they are willing to pay are the same.To learn more about allocatively efficient visit:https://brainly.com/question/7113859
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A shortcoming of using real gross domestic product (gdp) as a measure of economic well-being is that it does not measure changes in?
A shortcoming of using real gross domestic product as a measure of economic well-being is that it does not measure changes in leisure time.
What is meant by leisure time?When talking about free time, a person might say things like "making the most of the leisure time" or "these days we have more money and more leisure to enjoy it." The term "leisure" can also be used as an adjective, as in "the leisure industry."
The definition of leisure is the freedom from work, school, or other responsibilities and chores. A typical instance of leisure is the time after work when all daily errands have been finished.
Thus, it is leisure time.
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