Answers
Answer:
\(882 { { > < {9529 { { {?}^{2} }^{ + 222222 = 52.11 = 39.662332} }^{?} }^{2} }^{2} }^{?} \)
Related Questions
Which of the following is an Internet job search “don’t”?
a.
Use all types of job sites
b.
Apply for jobs that you are not qualified for
c.
Take advantage of the special features available on job sites
d.
Customize your cover letter and résumé
Answers
An Internet job search “don’t” is Apply for jobs that you are not qualified for.
What is Internet job search?The internet job search is an application engine that allows perspective job seekers search for available jobs, using the internet.
Internet job search has to do with searching for available jobs or vacancy that suit you qualifications and experience online.With Internet unemployed candidate can find or search for available jobs or vacancy posted by hiring managers or employers.To apply for jobs that your are qualified means that you have all the requirements that the job role entails and your qualifications, skills and experiences suit the job.Applying for jobs your are best qualified for is the best as this will enables you to show case your skills and experience.Learn more about Internet job search here: https://brainly.com/question/11183908
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Answer:
b
Explanation:
right on edge
4(8x+5)=2x-8
I want it plz helppp
Answers
Answer:
14/17....follow me and mark me brainliestAnswer:
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After calculation.....
14/17
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The American Community Survey (ACS) is an ongoing nationwide survey conducted by the United States Census Bureau. The ACS provides data on income levels classified by race, gender, educational attainment, employment status and housing characteristics, among other categories. This data is used by many organizations, both public and private, to allocate funds and assess the changing conditions in local communities. - for part-time workers than they are for According to the ACS, poverty rates in the United States are full-time workers. According to the ACS, poverty rates in the United States are for black individuals than they are for white individuals Suppose that the least expensive plan with which a family of four can provide itself a nutritionally balanced meal plan in 1963 is $932. Given this information, what is the poverty threshold in 1963 for a family of four? poverty threshold: $
Answers
Answer:
According to the ACS, poverty rates in the United States are higher for part-time workers than they are for full-time workers.
Full-time workers earn more money than part-time workers and the stability of their jobs allows them better chances at getting credit which further reduces their poverty rates as opposed to part-time workers.
According to the ACS, poverty rates in the United States are higher for black individuals than they are for white individuals.
Data shows that Black Americans suffer higher poverty rates than White Americans due to various sociodemographic factors chief amongst them, the decades of disenfranchisement imposed on them.
Poverty threshold for a family of four in 1963: $932.
Poverty threshold is defined as the minimum amount that is adequate for living on by people in a certain country.
If the least expensive plan a family of four can use costs $932, then that is the poverty threshold.
A person works as a cashier in a major supermarket. She sells vegetables to
customers, including local restaurants that use these ingredients to make
meals for their customers. The supermarket pays the cashier wages for her
work, which she uses to buy her own groceries and pay bills.
The cashier in the passage is part of which element in the circular flow of
goods?
A. Business
B. Resource market
C. Household
D. Product market
Answers
The cashier in the passage is part of resource market in the circular flow of
goods. This can be further explained as follows:
In a nation's circular flow, the market in which families provide enterprises with the factors of production (land, labor, and capital) in exchange for money revenues (rent, wages and interest). In the resource market, firms are the buyers and households are the sellers. The cashier receives wages which he spends on the daily resource needs.
Therefore, it can be said that the cashier is a part of resource market.
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Minor Electric has received a special one-time order for 1,100 light fixtures (units) at $9 per unit. Minor currently produces and sells 8,500 units at $11.00 each. This level represents 85% of its capacity. Production costs for these units are $8.50 per unit, which includes $6.50 variable cost and $2.00 fixed cost. To produce the special order, a new machine needs to be purchased at a cost of $1,200 with a zero salvage value. Management expects no other changes in costs as a result of the additional production. Should the company accept the special order
Answers
Answer:
Minor Electric
The company should accept the special order. It makes a unit contribution of $1.41, which amounts to $1,551 in total.
Explanation:
a) Data and Calculations:
Special order received for light fixtures = 1,100 units
Price of special order = $9 per unit
Production and sales units = 8,500 = 85% capacity
Total capacity = 10,000 units (8,500/0.85)
Selling price at production and sales units = $11.00 each
Production costs per unit = $8.50
Variable cost per unit = $6.50
Fixed cost per unit = $2
Cost of new machine required for special order = $1,200
Special order costs:
Variable cost per unit = $7,150 ($6.50 * 1,100)
Cost of new machine = 1,200
Total relevant costs = $8,350
Unit cost = $7.59 ($8,350/1,100)
Selling price = $9.00
Contribution per unit = $1.41
Traditional marketing revolves around the 4 Ps:
Answers
Traditional marketing revolves around the 4 Ps, which are Product, Price, Place, and Promotion.
These elements form the foundation of a marketing strategy for businesses.
Product: Refers to the goods or services that a company offers to its customers. It involves defining the features, design, and quality of the product.
Price: Involves determining the cost of the product or service and finding the right pricing strategy that aligns with customer expectations and market conditions.
Place: Focuses on selecting the distribution channels and locations where the product will be available for customers to purchase. It includes decisions related to retail outlets, online platforms, or direct sales.
Promotion: Involves the activities undertaken to promote and create awareness about the product. It includes advertising, public relations, sales promotions, and other marketing communication strategies.
These 4 Ps provide a framework for businesses to analyze and optimize their marketing efforts to meet customer needs, increase sales, and achieve overall business objectives.
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Consider the organization you are currently working in and explain this organization from systems characteristics perspectives particularly consider objective, components (at least three) and interrelationships among these components with specific examples
Answers
Explanation:
I don't have direct knowledge of the organization you are currently working in. However, I can provide a general example to help illustrate the systems characteristics of an organization. Let's consider a fictional manufacturing company called "ABC Manufacturing."
Objective:
The objective of ABC Manufacturing is to efficiently produce and deliver high-quality products to its customers while maximizing profitability. The organization aims to maintain a competitive edge in the market by consistently meeting customer demands and optimizing its operations.
Components:
1. Human Resources: The employees of ABC Manufacturing form a crucial component. They include production workers, managers, engineers, and support staff. Each employee contributes their skills and expertise to ensure smooth operations. For example, production workers assemble products, engineers design new prototypes, and managers oversee the overall functioning of the organization.
2. Production Facilities: The physical infrastructure, including factories, warehouses, and equipment, is another vital component. These facilities house the production lines, machinery, and storage areas necessary for manufacturing products. The efficient functioning of the production facilities is essential to meet production targets and ensure the timely delivery of goods.
3. Supply Chain and Logistics: The supply chain component involves managing the flow of materials, resources, and finished products. This includes sourcing raw materials, coordinating with suppliers, inventory management, and distribution logistics. Effective supply chain management ensures that the right materials are available at the right time, minimizing delays and reducing costs.
Interrelationships among Components:
The components of ABC Manufacturing are interrelated and interconnected, forming a system that works together to achieve the organization's objectives. Here are a few examples of interrelationships among these components:
1. Human Resources and Production Facilities: The production facilities rely on the skills and efforts of the employees. Human resources ensure that the right talent is hired, trained, and deployed in the production process. They also provide support and maintenance services to ensure the smooth functioning of the production facilities.
2. Production Facilities and Supply Chain: The production facilities rely on the timely availability of raw materials from the supply chain. Efficient coordination between production and supply chain teams is necessary to maintain optimal inventory levels and avoid production delays.
3. Supply Chain and Human Resources: The supply chain team collaborates with human resources to forecast demand, plan workforce requirements, and align production schedules accordingly. Effective communication and coordination between these components ensure that the production process meets customer demand and avoids excessive inventory or stockouts.
By viewing ABC Manufacturing through a systems perspective, we recognize that the organization is a complex interplay of various components working together to achieve a common objective. Understanding the interrelationships and dependencies among these components helps in identifying areas for improvement and optimizing the overall performance of the organization.
Answer:Dashen Bank s.c is a company where I am working in it. The company’s objective is to maximize its profit and become from the lists in best class banks in Africa. To achieve this objective it has its own system which contains the following components
• A banking software called FLEXCUBE which is the core software which accomplishes the majority of the banking day to day activities e.g. cash withdrawal, cash deposit, account opening general leger account postings etc.
• CATPS(card application tracking and processing system) is a component of a system which is used to capture ATM card applications and authorize the processed/ captured applications in order to produce the cards
• Amole admin/internet banking application is used to create an access to the customers such that user name and passwords and and link bank accounts so customers can transfer money, make payments at home.
The above listed components have interrelation each other. E.g. in order to produce cards using CATPS, the customer must have a bank account with precise customer data such that signature, photo etc. so these stated things i.e. account opening, signature and photo uploading activities are processed by FLEXCUBE software. In the same manner, in order to get an access to the bank account using amole/ internet banking, the customer must have properly opened bank account with customer signature and photo which is also processed by using FLEXCUBE software.
Question Suppose you have $200,000 in a bank term account. You earn 5% interest per annum from this account. You anticipate that the inflation rate will be 4% during the year. However, the actual inflation rate for the year is 6%. Calculate the impact of inflation on the bank term deposit.
Answers
Answer:
Deposited amount will decrease by 1% and $2,000
Explanation:
Inflation rate will effect the value of money due to decrease in purchasing power of the currency holder.
We will use following formula to calculate the impact
Nominal rate = Real interest rate + Inflation rate
5% = Real interest rate + 6%
Real interest rate = 5% - 6% = -1%
The deposited amount will be decreased by 1%.
Deposit value = $200,000 x ( 1 - 1% ) = $198,000
Decrease in value = $200,000 - $198,000 = $2,000
This résumé format focuses on the tasks or skills that an applicant can perform:
a.
Chronological
b.
Functional
c.
Electronic
d.
Scannable
Answers
The functional resume format focuses on the tasks or skills that an applicant can perform. Thus, option D is correct.
What is a resume?A resume can be defined as a document with suggestions that the details of a particular person, especially an applicant, are being mentioned. It usually defines the person's career information as well as some personal background. Also, if they have taken any courses or have had any experience, all of this is mentioned in a resume.
A functional resume can be defined as a resume whose purpose is to focus on the skills of a person. The primary focus is on the skill that a person processes.
Therefore, option D is the correct option.
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Nupur Nagpal, after compleftng her M.B.A. stud es, began to help her father, Shri Bhushan Nagpal, in his business. The business with a limited capital investment, was running successfully. All the workers were happy. Nupur wanted to use the modern business techniques in every area of business, namely, purchase, sale, production, finance, etc. In fact, she wanted to implement the methods, which she had studied in her M.B.A., in her business. As soon as she started interfering in the business with her latest techniques, the workers began to protest against her. Looking at the increasing protest against herself, she became disappointed. Ultimately, she gave up her business and started working in another company. In the business such circumstances were created that even her father could not take any balanced decision. Good Workers began to leave the business. The goodwill of the business in the market went on declining. In no time, the liabilities of business became many times more than his assets. On account of the pressure exerted on him by the creditors, Mr. Nagpal cleared the debts of business by disposing of his domestic properties. Mr. Nagpal could not bear with this situation and owing to his heart failure, he died. Ultimately, the business got closed. (a)To which form of business organization is concerned the above paragraph .
Answers
The above paragraph is related to the sole proprietorship form of business organization. A sole proprietorship is a form of business organization owned and run by a single person who is the owner or the proprietor. The owner manages the business on his own and is solely responsible for the business's profits and losses.
A sole proprietorship is usually preferred by small businesses and individuals due to its ease of formation and low startup costs.
As in the given scenario, Mr. Bhushan Nagpal started the business with a limited capital investment. In a sole proprietorship, the owner has the right to make all the decisions relating to the business without any interference from other individuals.In the given paragraph, Nupur Nagpal, after completing her MBA studies, began to help her father in his business.
She wanted to use modern business techniques in every area of business to make the business grow and prosper.
However, the workers protested against her intervention, and the business started to decline.
The goodwill of the business in the market started to decline, and the liabilities of the business became many times more than his assets. On account of the pressure exerted on him by the creditors, Mr. Nagpal cleared the debts of business by disposing of his domestic properties.
Mr. Nagpal could not bear with this situation and owing to his heart failure, he died. Ultimately, the business got closed. Thus, it can be concluded that the given scenario is related to the sole proprietorship form of business organization.
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The Bandeiras Corporation, a merchandising firm, has budgeted its activity for December according to the following information:
• Sales at $550,000, all for cash.
Merchandise inventory on November 30 was $300,000.
. The cash balance at December 1 was $25,000.
Selling and administrative expenses are budgeted at $60,000 for December and are paid in cash,
.
Budgeted depreciation for December is $35,000.
. The planned merchandise inventory on December 31 is $270,000.
• The cost of goods sold is 75% of the sales price.
. All purchases are paid for in cash
.There is no interest expense or income tax expense.
The budgeted cash receipts for December are:
Answers
The budgeted cash receipts for December for the Bandeiras Corporation are $550,000.
What are the budgeted cash receipts?The budgeted cash receipts represent the expected cash collections for a period.
The budgeted cash receipts are based on the forecasted sales, which appear in the sales budget.
The budgeted cash receipts do not include the beginning cash balance of $25,000.
When the budgeted cash receipts are added to the beginning cash balance, the total cash available for cash expenses and investments is derived.
Cash Budget Information:
Cash Sales = $550,000
Beginning cash balance = $25,000
Selling and Admin Expense $60,000
Cash Payments for purchases and others.
Thus, based on the given information, the budgeted cash receipts for December are only $550,000.
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The table below shows Lanark's production possibilities.
A B C D E F
Wheat 0 180 315 405 450 468
Cars 190 181 163 127 73 0
a. If Lanark is producing 145 cars, it can produce approximately
wheat.
b. If Lanark is currently producing combination C, the cost of 90 more wheat is
(Click to select)
.
c. If Lanark is currently producing combination D, the approximate per unit cost of an additional car is
(Click to select)
. If necessary, round your answers to 1 decimal place. Remember to round 0.05 up to 0.10.
Answers
If Lanark is currently generating 145 buses, it can generate about 180 units of wheat. .
b. The cost of 90 further wheat is 90.
c. The approximate per unit cost of an fresh auto is 54.
To determine the approximate quantum of wheat Lanark can produce if it's presently producing 145 buses , we need to find the matching value in the" Wheat" column. Grounded on the given table, we can see that the values in the" buses" column drop from left to right. thus, we need to find the combination where the number of buses is closest to 145, which is combination B. In combination B, Lanark can produce roughly 180 units of wheat.
We can find the cost of 90 further wheat by comparing the wheat values between combinations C and D, If Lanark is presently producing combination C. The wheat value in combination C is 315, and the wheat value in combination D is 405.
The difference between these two values represents the fresh wheat produced when moving from combination C to combination D. In this case, the difference is 405- 315 = 90. thus, the cost of 90 further wheat is the difference between the wheat values in combination C and D, which is 90.
we can determine the approximate per unit cost of an fresh auto by comparing the auto values between combinations D and E, If Lanark is presently producing combination D. The auto value in combination D is 127, and the auto value in combination E is 73.
The difference between these two values represents the drop in auto product when moving from combination D to combination E. In this case, the difference is 127- 73 = 54.
thus, the approximate per unit cost of an fresh auto is the difference between the auto values in combination D and E, divided by the drop in auto product, which is 54/ 1 = 54.
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Lanyards that have no shock-absorbing features are used for _____. Group of answer choices climbing ladders workers under 150 pounds positioning working on scaffolds
Answers
Answer:
Positioning
Explanation:
In simple words, A positioning gadget system includes a positioning lanyard. The employee is supported by this system on a raised vertical surface, such as a wall or pole. This allows people to work while leaning without having to use their hands. The lanyard ties the individual to a place in ahead of their physique that serves as an anchor point.
Do you think that MTV's future lies mostly in its international operations?
Answers
Answer:
Yes.
I think that "MTV's future lies mostly in its international operations." This is where the market is for cable TV. The domestic market is already saturated. For an organization of its kind, the best it can do is to expand beyond the domestic market, which it has already done. For example, its African channel is booming. It is also a way to project American culture to the world to help create cross-cultural understanding, while also importing some outside culture to the US in a globalized world.
Explanation:
As a giant American multinational cable channel, MTV focuses on original reality programming which targets teenagers and young adults. This defines its vision and mission. This implies that the company has already identified its purpose. There are teenagers and young adults over the world. This is why its outreach should not be restricted to the domestic US market alone.
Yes, I believe MTV's future lies mostly in its international operations. This is because the domestic market is almost saturated.
MTV, which is one of the foremost music television channels, can expand and grow its marketing operations by establishing and drawing international markets.
This is because making their output and contents align with the international markets such as Europe, Africa, Asia, and Latin America would generate more income.
Not only that, most international markets like Africa and Asia are still developing in terms of music and exposure to American content. Thus MTV has more space to develop.
Again, MTV can promote and develop the other continents' arts and culture in the American markets.
Hence, in this case, it is concluded that MTV's future lies mostly in its international operations.
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Project: Supply and Demand Graphs
This project will focus on creating a supply and demand graph based on a product you choose.
During this project you will accomplish the following:
Objectives
Create a supply and demand graph.
Directions
Choose a product you are familiar with that would be affected by a market economy.
Make up a title describing an event that would result in a change in supply. Some examples of factors that could affect supply are costs of production, technology, and taxes. Once you have a title, then create a graph that includes the information listed below.
Make up a title describing an event that would result in a change in demand. Some examples of factors that could affect demand are personal preferences, income, and price. Once you have a title, then create a graph that includes the information listed below.
Each graph should have the following:
The name of the product.
A title influencing change in supply or demand.
A labeled graph showing supply and demand changes.
An explanation for the change.
For Example:
img/img_examplegraph_project4.gif
In the graph above, there is a surplus of gasoline. Therefore, over the next month, the price per gallon decreases, and the demand for the gas increases.
Now, it is your turn. Start by creating a supply graph, then a demand graph. The graphs are interactive, so you can click on different parts of it to add information that is required. Keep in mind that in the example above, the prices given are just estimates of what could happen if there were a surplus of gasoline (the price would decrease). Your graph can be created using a word processing application of your choice or drawn by hand. If submitting pictures or scans of your hand drawn graph, ensure that the image is clear.
Explain why you believe there was a change in supply and demand. Submit your work to your instructor.
Answers
The quantity of a resource that businesses, producers, workers, suppliers of financial assets, or other economic actors are willing and able to offer to the market or to a specific person is known as supply in economics.
What is Supply and Demand Graphs?
A supply and demand curve is a graph that illustrates the link between a market's availability of a product and its users' desire for it. The graph's two lines show how the two elements' prices and demands are related to one another.
According to the law of supply and demand, the connection between supply and demand determines pricing. Prices will decrease if there is a surplus of an item or service compared to the demand for it. Prices will increase if demand outpaces supply.
A basic tenet of economics is that when there is more supply than demand for an item or service, prices decline. Prices typically increase when demand outpaces supply.
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what are the planning advantages
Answers
Answer: Planning is the process of making or carrying out plans for establishment of goals, policies, and procedures for a social or economic unit. Planning has numerous advantages.
Explanation:
Advantages of Planning:
Planning facilitates management by objectives. Planning begins with determination of objectives. Planning minimizes uncertainties. Business is full of uncertainties.Planning facilitates co-ordination.Planning improves employee’s moral.Planning helps in achieving economies.Planning facilitates controlling.Planning provides competitive edge.Planning encourages innovations.To learn more about planning,
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ADVANTAGES OF PLANNING:
The following are the advantages of Planning:
1. It helps in better utilization of resources.
2. It helps in achieving the objectives.
3. It improves the competitive spirit of the firm
4. Improves effectiveness.
5. It minimizes future uncertainties.
6. It helps in the effective control of business operations.
7. Provides direction and vision.
8. It .monitors the progress.
9. It serves as the basis for controlling.
10. It motivates the employees.
explain the following definition of marketing ethics
Answers
Answer:
Explanation:
The concept of ethical marketing refers to the way in which companies and / or enterprises market their goods and services: the focus does not only revolve around the benefits of their offer for customers, but also on how they impact on causes and / or responsible actions with society and / or the environment ..
Which of the following companies has the lowest degree of leverage?
Answers
The firm with a 20% Debt and 80% Equity has the lowest degree of leverage.
What is a degree of leverage?
This means how much a firm operating income changes in response to a change in sales.
Because the Firm C has a low debt, this means its has the lowest degree of leverage when compared to others.
Therefore, the Option C is correct.
Missing options "90% Debt, 10% Equity
30% Debt, 70% Equity
20% Debt, 80% Equity
50% Debt, 50% Equity"
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Which of the outcomes in are most appealing to you? Are you more attracted to extrinsic outcomes or intrinsic outcomes?
Answers
Extrinsic outcomes are external rewards such as money, status, or recognition that come from achieving a goal. These outcomes are appealing to some individuals because they provide tangible benefits and can be easily measured by others.
On the other hand, intrinsic outcomes are internal rewards such as personal satisfaction, a sense of accomplishment, or personal growth that come from achieving a goal. These outcomes are appealing to some individuals because they provide a deeper sense of fulfillment and can be more meaningful in the long-term.
Ultimately, whether someone is more attracted to extrinsic or intrinsic outcomes depends on their personal values and goals. Some people may prioritize external rewards and seek to maximize their income or social status, while others may prioritize personal growth and seek to achieve goals that align with their passions and values.
It is important to strike a balance between both types of outcomes and to find a sense of purpose and satisfaction in the goals that we pursue.
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What are the steps to strategic management?
Answers
Answer:
The process of strategic management includes goal setting, analysis, strategy formation, strategy implementation, and strategy monitoring. Let's take a look at how each of these steps ties into the overall strategic management process. The first part of strategic management is to plan and set your goals.Nov
Compare and contrast the penalties in a civil and criminal trial.
Answers
Answer: Compare and contrast the penalties in a civil and criminal trial. In a criminal trial, a defendant can be sentenced to jail time, can be fined, and can be forced to undergo some treatment or remedy. In a civil trial, a defendant can be assessed damages and can be coerced to follow through on an agreement.
Explanation: HOPE IT HELPS :)
Answer:
The person ^ is correct Answer: Compare and contrast the penalties in a civil and criminal trial. In a criminal trial, a defendant can be sentenced to jail time, can be fined, and can be forced to undergo some treatment or remedy. In a civil trial, a defendant can be assessed damages and can be coerced to follow through on an agreement.
Explanation:
will
ur
8. In the section that asks when you
are available to work, you will want to
a. be vague.
b. say "when ever."
c. make sure to clearly list the time
range and days.
d. It doesn't matter.
it
Answers
Answer:
will
ur
8. In the section that asks when you
are available to work, you will want to
a. be vague.
b. say "when ever."
c. make sure to clearly list the time
range and days.
d. It doesn't matter.
it
Which of the following is / are particularly relevant to a company's common stockholders if they are interested in receiving regular cash incomeA. Dividend yieldB. Earnings per shareC. Return on assetsD. Price - earnings ratio
Answers
Option (a), (b) and (d), If a company's common stockholders are interested in getting consistent cash income, dividend yield, earnings per share, and price-earning ratio are especially important metrics to consider.
What ratio gives a picture of the cost shareholders are willing to pay for sustained earnings per share?Earnings per share growth increases a company's profitability. It is advised to use the weighted ratio when calculating EPS because the number of shares outstanding can change over time.
What ratios are essential for investors to know?Six basic ratios are widely used while selecting stocks for investment portfolios. These are the working capital ratio, the debt-to-equity ratio, the return on equity, the earnings per share (EPS), the quick ratio, and the price-earnings (P/E) ratio (ROE).
The dividend yield ratio's calculation method.The dividend yield ratio serves as a measure of the return on investment in stocks and shares (DY). It is calculated by dividing the dividend per share by the stock price. Divide the dollar-valued dividend by the dollar-valued stock price to get the dividend yield ratio.
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What is a periodic adjustment cap?
O A. A limit on how many times the rate can be adjusted
B. A limit on how much an ARM's interest rate can change at each
adjustment period
O C. A limit on a loan's initial interest rate
OD. A limit on how many years a loan can be for
Answers
Answer: B. A limit on how much an ARM’s interest rate can be changed at each adjustment period
Explanation:
A quality-of-life index measures absolute poverty levels.
A. True
B. False
Answers
Answer:
B. False
Explanation:
The quality of life index refers to an index that was established by the sociologist whose name is Morris David Morris in the year 1970 that are depend on the basic literacy level, infant mortality, and the life expectancy level
In the given question, it is mentioned that the quality of life index measures the absolute levels of poverty i.e. totally wrong as it measured the things that are stated above
Hence, the given statement is false
Sandra’s Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sandra's Purse Boutique uses a periodic inventory system.
Date Transactions Units Unit Cost Total Cost
October 1 Beginning inventory 6 $ 790 $ 4,740
October 4 Sale 4
October 10 Purchase 5 800 4,000
October 13 Sale 3
October 20 Purchase 4 810 3,240
October 28 Sale 7
October 30 Purchase 8 820 6,560
$ 18,540
3. Using LIFO, calculate ending inventory and cost of goods sold at October 31
Answers
The cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.
The LIFO method (last-in, first-out) of inventory valuation requires that the most recent purchases of inventory be used first in the cost of products sold and ending inventory calculations. The ending inventory and cost of products sold at the end of October will be calculated using the LIFO method, based on the data given in the table.Based on the data given, the total units sold is 14, and the total units purchased is 17. Here's how to calculate the ending inventory and cost of products sold using the LIFO method:Step 1: The last purchase of 8 units at a cost of $820 each on October 30 is deducted from the inventory count, leaving 9 units.Step 2: The previous purchase of 4 units at a cost of $810 each on October 20 is deducted from the inventory count, leaving 5 units.Step 3: The next purchase of 5 units at a cost of $800 each on October 10 is deducted from the inventory count, leaving 0 units.Step 4: Based on the LIFO method, the cost of the ending inventory is the sum of the cost of the oldest units remaining in stock, which is 4 units at a cost of $790 each on October 1, totaling $3,160.Step 5: Based on the LIFO method, the cost of goods sold (COGS) is calculated by adding the total cost of units sold, which is 14 units at a cost of $820 each on October 30, 4 units at a cost of $810 each on October 20, and 5 units at a cost of $800 each on October 10, totaling $17,260.Therefore, the cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.For more questions on cost of goods sold (COGS)
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Your friend Stan owns a coffee shop in a monopolistically competitive industry. One day, Stan tells you (an economist) that he is earning an economic profit and is setting his price equal to his marginal cost. Is Stan producing the profit-maximizing amount of coffee? What should he do?
Answers
In a monopolistically competitive industry, each firm has some control over the price it sets due to product differentiation.
Stan mentioned that he is earning an economic profit and setting his price equal to his marginal cost. To determine whether he is producing the profit-maximizing amount of coffee, we need to consider a few factors.
1. First, let's understand the relationship between price, marginal cost, and profit maximization. In a competitive market, profit maximization occurs where marginal cost equals marginal revenue. However, in monopolistic competition, firms have some market power, so the profit-maximizing quantity occurs where marginal cost equals marginal revenue, not price.
2. Setting the price equal to marginal cost does not necessarily guarantee profit maximization. If Stan's price is equal to marginal cost, it means that he is covering his variable costs, but it does not take into account his fixed costs. To maximize profit, Stan should set his price above marginal cost, considering both variable and fixed costs.
3. If Stan is currently earning an economic profit, it suggests that he may not be producing the profit-maximizing amount of coffee. In monopolistic competition, firms tend to have excess capacity, meaning they produce less than the quantity that would minimize average total cost. By increasing his output, Stan may be able to reduce his costs and increase his profit.
Considering these factors, here are a few suggestions for Stan:
- Conduct a cost analysis: Stan should evaluate his fixed and variable costs to understand the full picture of his expenses. By knowing his costs, he can set a more informed price and determine the profit-maximizing quantity.
- Consider demand elasticity: Stan should also assess the price elasticity of demand for his coffee. If demand is relatively elastic, a small price increase may result in a significant decrease in quantity demanded, potentially reducing his profits. On the other hand, if demand is inelastic, Stan may be able to increase his price without a significant drop in sales.
- Experiment with pricing: Stan could consider experimenting with different prices to find the optimal point that maximizes his profit. By monitoring customer response to different prices, he can identify the price that generates the most revenue while covering his costs.
By taking these steps and considering the unique characteristics of monopolistic competition, Stan can better position his coffee shop for long-term success and profitability.
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What are some of the benefits of adopting an REA approach?
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Benefits of adopting an REA approach include improved data quality, increased flexibility and scalability, and better decision-making.
The REA (Resources, Events, Agents) approach is a method of designing and implementing accounting information systems (AIS) that is based on a model of business activity. The model is built around three fundamental building blocks: resources, events, and agents. Resources represent the economic assets of a business, events represent the transactions or activities that affect these resources, and agents represent the individuals or organizations that participate in these transactions.
Adopting an REA approach has several benefits, including improved data quality, increased flexibility and scalability, and better decision-making. By focusing on the fundamental building blocks of business activity, an REA-based AIS can capture and store information more accurately and efficiently, resulting in higher data quality. Additionally, an REA-based AIS is more flexible and scalable, allowing it to adapt to changes in the business environment more easily. Finally, an REA-based AIS provides decision-makers with more relevant and timely information, allowing them to make better decisions.
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The reserve requirement is 15 percent. Lucy deposits $600 into a bank. By how much do excess reserves change
Answers
Answer:
$510
Explanation:
Calculation for By how much do excess reserves change
Using this formula
Change in excess reserve= Bank Deposits-(Reserve requirement*Deposit)
Let plug in the formula
Change in excess reserve=$600-($600*15%)
Change in excess reserve=$600-$90
Change in excess reserve=$510
Therefore By how much do excess reserves change is $510
Question 11 (3 points)
When considering the costs and benefits of a decision, you should do something as
long as
a) the benefits are less than the costs
b) the costs are less than the benefits
c) the costs and benefits are both high
d) the costs and benefits are both low
Answers
Answer:b
Explanation:
I think it is