At the beginning of the current period, Chen carried 1,000 units of its product with a unit cost of $30. Throughout the period, Chen made additional purchases. However, the specific details of those purchases, such as the number of units and chosen by Chen can be applied, and the cost of goods sold and ending inventory can be calculated for the period. their corresponding costs, are not provided in the information given.
Since Chen sold 2,800 units during the period, it is necessary to determine the cost of goods sold (COGS) using an appropriate inventory costing method. Some common inventory costing methods include First-In, First-Out (FIFO), Last-In, First-Out (LIFO), and Weighted Average Cost. Assuming Chen uses the FIFO method, the cost of goods sold would be calculated by first using the units from the beginning inventory, followed by the units from the purchases made during the period. Since the quantities and costs of the purchases are not provided, a detailed calculation cannot be performed. To accurately analyze and determine the inventory cost, additional information about the purchases made during the current period is needed. This information would include the number of units purchased and their respective costs. With that information, the inventory costing method.
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According to the reading, the main body of a business plan does NOT normally include which of the following:
According to the reading, the main body of a business plan does not normally include a full roster with names, of all planned hires for at least six months.
A business plan refers to a written document that helps in describing the activities of a business, its objectives, and how it intends to achieve its goals.,It should be noted that a good business plan should include the executive summary, the products and services that the company offers, their analysis, and the marketing strategies. A business plan is required in order to attract investors. It's also useful so that the company can have an effective strategy in place that will be used for the company's growth.Read related link on:
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Answer:
D-A full roster, with names, of all planned hires for at least six months.
Explanation:
took the quiz
Recommend three life skills that can assist a grade 12 school leaver to adapt to the world of work in 2023.in each answer,also indicate how these life skills can prevent a stressful transition from being a learner to the work environment.
A grade 12 school leaver will require communication, time management and problem solving skills to adapt to the world of work.
What are life skills?Life skills are skills required by individuals are necessary for living and cooperation with others
Some of the life skills include:
communication time management critical thinking problem solvingA grade 12 school leaver will require communication, time management and problem solving skills to adapt to the world of work.
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Which one of the following is one of the Theodore Levitt assumptions supporting a pure global strategy?
a. Consumers are willing to pay more for specific product features.
b. Customer needs and interests are becoming more dissimilar.
c. MNCs can successfully compete globally by aggressively pricing products at the sacrifice of product features.
d. If the world markets are treated as heterogeneous, substantial economies of scale are easily achieved.
Theodore Levitt's assumption supporting a pure global strategy is that d) if the world markets are treated as heterogeneous, substantial economies of scale are easily achieved.
Levitt argued that global markets were becoming more similar, and that companies could achieve economies of scale by standardizing their products and processes worldwide. By treating the world as a single market and offering a standardized product, companies could reduce production costs and achieve a competitive advantage.
This strategy assumes that consumers' needs and interests are becoming more similar across different countries, which is in contrast to option b. Option a is not relevant to Levitt's argument, and option c is inconsistent with the idea of offering a standardized product.
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What Economic Issue arises in this graphic due to the Max Price being below Equilibrium?
As u asked in ur question which food we should have before exercise : ANSWER is - Option (B)
cross check if u have doubt it's correct..
3. Kevin took out a loan for a car. He must pay $3,000.00 in interest, service
charges, and loan fees. What lending term best describes these costs?
Answer:
The finance charge
Explanation:
The finance charge is the total cost incurred when borrowing money, including interest amount and all other fees. It is the extra money paid on top of the borrowed amount. The finance charge may be a flat fee or a percentage of the principal amount.
The finance charge represents the expense incurred for using credit. The finance charge is an important consideration when choosing a preferred lender.
Write
one source from which the government of Bhutan
borrow to fill the gap between planned expenditure and the
estimated revenue?
Answer:
External borrowing from India
Explanation:
The Government of Bhutan has planned to spend more than it collects from various revenue streams. Taxes form the biggest source of revenue for any government. The gap between a country's planned expenditure and the estimated revenue is the fiscal deficit.
The government of Bhutan finances its budget deficits through external borrowing. India is Bhutan's biggest trading partner and financier.
Media with a firmness midway between that of a broth (a liquid medium) and an ordinary solid medium are called
Answer:
I think its semisolids.
Devon was surprised that his pay check was less than he had expected. His
paycheck was reduced because
had been withheld by his employer.
OA. incentives
B. commissions
C. gross pay
OD. deductions
The answer is C. Gross pay. Devon's paycheck was reduced because it had been withheld by his employer as gross payment.
"Gross pay" mean?Before any taxes, benefits, or other payroll deductions are done , an employee's gross salary is what they are paid. Net pay, often known as take-home pay, is the amount that is given after all withholdings have been taken into consideration.
Calculate my gross pay?Start by determining the total amount need for each pay period in order to see an employee's gross compensation. Hourly workers multiply their total hours worked by their hourly rate, plus any overtime. Employees on a salary split their yearly earnings by the number of pay periods.
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What is B + T + S ?Hints are that it is a famous k-pop boy band
Answer:
bts
Explanation:
bts
Please state the conditions for the formation of a born global firm. from the very beginning, yeecall has cast its eyes directly on the overseas market. based on the theory of born global firms, discuss the reason why yeecall was successful with its business abroad, and how it selected its target market.
A born global firm is a company that is able to quickly establish itself in foreign markets, typically within the first three years of operation. The conditions for the formation of a born global firm include having a unique product or service, having a highly skilled and adaptable team, leveraging technology and having a strong understanding of the target market.
Yeecall was successful with its business abroad due to its strong focus on the overseas market from the very beginning. The company was able to leverage technology to quickly establish a presence in foreign markets and adapt to local market conditions. Yeecall also had a unique product, a free messaging and video calling app, which helped differentiate it from competitors.
In terms of target market selection, Yeecall focused on markets where there was high demand for free messaging and video calling apps, as well as markets with high mobile penetration rates. This included countries such as India, Indonesia, and Brazil. By targeting these markets, Yeecall was able to quickly gain a large user base and establish itself as a leading provider of messaging and video calling services.
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A ucf grad has gross monthly income of $3,200 and net take home pay of $2,900 per month, which approximates his/her monthly living expenses. What is the minimum amount should have in his/her emergency fund?.
The minimum amount that should be kept in an emergency fund is $8,700.
While the size of your emergency fund will vary according to your lifestyle, monthly expenses, income, and dependents, the general rule is to save three to six months' worth of expenses.
An emergency fund is a necessary part of any sound financial strategy.
The rule of thumb is to keep three to six months' worth of household expenses in your emergency fund.
To populate your fund, look for ways to save money and contribute those savings, as well as any financial windfalls.
An emergency fund is a cash reserve set aside specifically for unforeseen costs or financial emergencies. Typical examples include car repairs, home repairs, medical expenses, and lost wages.
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The complete question is:
A UCF grad has gross monthly income of $3,200 and net take home pay of $2,900 per month, which approximates his/her monthly living expenses. What is the minimum amount should have in his/her emergency fund?
$25,200
$19,200
$8,700
$8,400
Parent corporation owns all of subsidiary corporations stock in addition parent corporation owns $100,000 of subsidiary corporation's bonds. When subsidiary corporation is completely liquidated
Answer:
In this case, when the subsidiary corporation is completely liquidated they have to pay the $100,000 in the subsidiary corporation's bonds.
Explanation:
The reason behind this answer is that in case the subsidiary corporations decide to liquidate all of their assets in any case. They still have a debt to the parent corporation of $100,000. So, after they liquidate they have to take some of the money to pay the debt issued of those bonds. No matter what, or the parent company can write a lawsuit against them for not doing so.
Which are ways that the economy is affected when the unemployment rate goes up? Select all that apply.
A. Fewer people pay income taxes.
B. Sales tax rates go down.
C. Many people refinance their houses.
D. Less money is spent on investments.
E. People spend more money on larger items.
Answer:
A. fewer people pay income tax
b. sales tax rates go down
c. many people refinance their houses
Explanation:
Answer:
D
Explanation:
Less money is spent in investments
If the year-end adjusting entry to record salaries owed to employees were omitted then.
Omitting the adjusting entry to record wages results in various inaccuracies, including understatement of expenses, overstatement of net income, overstatement of retained earnings, overstatement of stockholders' equity, and understatement of liabilities.) Unpaid wages that have been earned by employees but have not yet been recognized.
In the accounting records should be entered or recorded using an accrual adjusting entry, which will: Wage Expense is debited. Wages Payable on Credit or credit Payable Wages Accrued Accumulated interest is interest that has accrued but has not been paid as of a balance sheet date. The amount that has occurred but is unpaid should be recognized with a debit to Interest Expense.
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New batteries are needed to power our electronic devices—our cell phones, tablets, and computers—and that market is exploding. Researchers are developing lithium-ion batteries that will be vital to clean-energy and automobile manufacturing and could open up huge new markets. Currently, the domestic production accounts for about 12 percent of the world's production. The country has a domestic supply of raw materials, but production is limited and prices remain high compared to imported batteries.
The government could invest in technology and research.
The government could purchase domestic batteries exclusively.
The government could impose heavy tariffs on all imported batteries.
The government could ban imported batteries.
Answer:
The government could impose heavy tariffs on all imported batteries.
Explanation:
Import tariffs are taxes imposed on imported commodities. Should the government impose heavy tariffs on the imported batteries, their prices in the domestic market will go up.
One of the objectives of a tariff is to protect locally produced goods from unfair competition by low-priced imports. The imposed tax become a cost to the imported batteries, which will make them more expensive. The locally produced batteries will compete favorably with the imports. The domestic industry will grow since it has raw materials and a market to sell its products.
A company reported that its bonds with a par value of $50,000 and a carrying value of $59,000 are retired for $62,400 cash, resulting in a loss of $3,400. the amount to be reported under cash flows from financing activities is:
Answer:
The answer is ($62,400)
Explanation:
Cash flow only deals with cash. Statement of Cash flow is one of the three Financial statements and this records ONLY the cash that is coming in and out of the business
The company coughed out $62,400 cash. This is the money that will be recorded under cash flows from financing activities and not the $59,000.
So the narration will be:
Cash for retiring bonds.......($62,400)
Describe a real or made up but realistic situation in which you would want to use revolving credit. (2-4 sentences)
An example of when a revolving credit is used is when a person makes use of a credit card to make a payment.
What is a revolving credit ?Revolving credit is a form of credit that does not have a fixed number of payments. It allows the holder of the revolving credit to borrow repeatedly until a maximum amount is reached.
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Which of the following statements support the claim that incentives matter? Explain why or why not. 1. When income transfers to the ablebodied poor increase, the recipients will have less incentive to work. 2. An increase in the fines associated with downloading music and videos protected by copyright laws reduces the number of people engaging in this activity. 3. An increase in the number of people downloading music and videos negatively impacts the commercial production of music and videos.
Answer:
1. When income transfers to the ablebodied poor increase, the recipients will have less incentive to work.
The incentive to work for most people is earning a wage to make a living.
For the poor, this incentive is even more so, because usually, the lack of work for them means severe lacking in their material needs: shelter, food, clothing, electricity, drinking water, and so on.
If the poor are given income transfers from the government, they will have less incentive to work simply because they now obtain some income without the need of doing so.
The incentive to work is reduced even more if the income transfers to the ablebodied poor increase so much that they become higher than the minimum wage. In a situation like this, many ablebodied poor will simply stop searching jobs because they can earn more money from the government by not working.
Derivative instruments include:A) stocks.B) preferred stocks.C) stock options.D) all the above.
Derivative instruments include stock options as stocks and preferred stocks are considered equity instruments, not derivatives. Option C.
What is a Derivative instrument?
A derivative is an instrument whose value is derived from the value of one or more underlying, which can be commodities, precious metals, currency, bonds, stocks, stocks indices, etc.
What does an accounting derivative mean?
Accounting problems A contract that derives its value from changes in an underlying variable is known as a derivative. For instance, the price of the underlying stock determines the value of a stock option contract; if the price of the stock varies.
A financial instrument or another contract that falls under the purview of this Standard and possesses all of the following features is referred to as a derivative. (a) Its value fluctuates in response to changes in a specified interest rate, financial instrument price, commodity price, foreign exchange rate, index of prices or rates, or credit rating.
Hence, the right answer is option C. Stock options.
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***98 POINTS *** someone please help
Answer:
There are benefits and drawbacks to command economy structures. Command economy advantages include low levels of inequality and unemployment, and the common good replacing profit as the primary incentive of production. Command economy disadvantages include lack of competition and lack of efficiency.
Explanation:
"Success or failure of any Industry depends on the management of human resources." Explain it with examples.
Answer
Human resource management is viewed as a significant administration movement by numerous bigger partnerships, not just a "workforce" division as it was viewed a few decades prior. Without a powerful human asset supervisory group, huge organizations today would track down it troublesome in the event that not difficult to staff, train and foster those specialists who basically make up the organization and add to its progress in the business climate. Without the ideal individuals, no business will prosper and develop to become one that stands separated from the competitors. Strategic the board, preparing and improvement, modern relations, and hierarchical ways of behaving are only a couple of the viewpoints that fall under human asset the executives today.
Explanation:
The management of human resources determines whether an industry succeeds or fails. Management of human resources is crucial to the operation of an industry. Managers of human resources plan, organize, and oversee an organization's administrative operations.
What is Human Resource Management?
The administrative tasks of an organization are planned, coordinated, and led by human resources managers. They supervise the hiring, interviewing, and onboarding of new employees, and assist chief executives with strategic planning.
The Master's Program in People Management and Organizational Development equips students with the in-depth knowledge, teamwork, analytical, and communication abilities necessary to support firms in successfully and sustainably expanding their operations.
In a workplace and organizational environment that is continually evolving, the curriculum provides students with the most recent information in people management and organizational development.
Thus, it is important for the student working as a human resource to come from that specific field.
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Because susans standard deduction is greater than the amount she made, it turns out that Susan never owed taxes. How large of a refund should she expect from the Federal
government if she follows through on filing her 1040 form
Note that if Susan's standard deduction is greater than the amount she made, it means her taxable income is zero. If she had any taxes withheld from her paychecks throughout the year, she would be eligible for a full refund of those taxes.
What is the rationale for the above response?Assuming Susan is a single taxpayer under the age of 65 and not claimed as a dependent on anyone else's tax return, her standard deduction for tax year 2022 (filing in 2023) would be $12,950.
If Susan's total income for the year is less than or equal to $12,950, she would owe no federal income tax and would be eligible for a full refund of any federal income tax withheld from her paychecks or estimated tax payments she made throughout the year.
The exact amount of her refund would depend on how much federal income tax was withheld from her paychecks or paid in estimated tax payments throughout the year. Susan can determine the amount of her refund by completing her tax return using Form 1040 and any other applicable forms and schedules.
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Why do we calculate nominal GDP?
Nominal GDP can provide valuable information about the size and health of an economy.
Nominal Gross Domestic Product (GDP) is a measure of a country's economic output that is calculated using the current prices of goods and services in the economy, and it is calculated for several reasons:
Measuring economic growth, Nominal GDP can be used to track changes in an economy's overall output over time. By comparing the nominal GDP of one period to another, we can determine if an economy is growing or shrinking.
Evaluating the performance of different sectors, Nominal GDP can be broken down into different sectors, such as agriculture, manufacturing, and services. By comparing the nominal GDP of these sectors, we can determine which sectors are growing or shrinking and identify areas for improvement.
International comparisons, Nominal GDP can be used to compare the economic output of different countries. However, because the values are calculated using current prices, nominal GDP does not account for differences in the cost of living and inflation rates between countries. For this reason, it is often necessary to adjust nominal GDP using a measure called Purchasing Power Parity (PPP) to make meaningful comparisons.
Overall, nominal GDP is an important measure for understanding the performance of an economy and making informed economic policy decisions. However, it should be used in conjunction with other measures, such as real GDP, which adjusts nominal GDP for inflation, to get a more accurate picture of an economy's overall health.
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Analyse how a Production Possibility Curve ( PPC ) illustrates scarcity, opportunity cost & efficiency.
The production possibilities curve (PPC) exists as a graph that demonstrates all of the various combinations of output that can be produced given existing resources and technology.
What is Production Possibility Curve ( PPC )?The production possibilities curve (PPC) exists as a graph that demonstrates all of the various combinations of output that can be produced given existing resources and technology. Sometimes named the production possibilities frontier (PPF), the PPC illustrates scarcity and tradeoffs.
PPF stands for the production possibility frontier and it exists illustrated by supporting the production of one good at the x-axis and another good at the y-axis. It thereby demonstrates all the possible varieties that can be produced with limited resources.
Scarcity: The resources that require to be utilized because they serve as input are limited or scarce and these same scarce resources exist used by an economy to produce the goods. Therefore, the Production possibility curve exists drawn and it illustrates the scarcity of resources known to an economy.
Choice: An economy has a preference to produce among different combinations of goods that lie on the production possibility curve. Therefore, the curve displays the choice as well.
Opportunity cost: Suppose the economy exists producing a bundle of goods 1 and 2 and the bundle stands (x,y). Now, if it desires to increase the consumption of good 1 by 1 unit, it has to decrease the consumption of good 2. Therefore the opportunity cost of producing a unit of good 1 exists in the sacrifice that has been created for good 2.
Productive efficiency: An economy utilizes all its scarce resources to produce two goods but whether it is utilizing those resources efficiently exists the point of concern. If it uses them efficiently, it creates the production possibility curve otherwise at a point that lies somewhere inside the PP curve.
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Tom purchased franchise rights to open a maggie moos ice-cream shop. since this was his first business ownership venture, he decided to take advantage of the business proposition that a local merchant offered. the merchant owned a discount store in the center of town and asked tom if he would like to open his business in the discount store. the arrangement proved beneficial to both tom and the store owner.
type of ownership:
Tom purchased franchise rights to open a Maggie moos ice-cream shop. The arrangement proved beneficial to both tom and the store owner is the Piggyback Franchise type of ownership.
Piggybacking, or "Combination Franchising," as it is often known, is essentially a combination of two franchises that operate under one roof. In exchange, the company owner (franchisee) pays the franchisor an upfront fee and monthly royalties.
Franchise is the term of the legal arrangement that permits one company with a product, concept, brand, or trademark to provide certain rights and details about running a business to an independent business owner. A smaller niche-market company typically piggybacks on a mass merchandiser or a store that sells more general merchandise, such as a fried chicken counter inside of a convenience store or a coffee shop inside of a petrol station.
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What is a Capital Gain on an investment?
Money that you are paid for letting others borrow your money for a period of time.
An increase in the number of investment types you add to your portfolio.
Increase in value of an equity investment that is a result of appreciation of that asset.
Money that you are paid as a result of owning stock in a company that is earning a profit.
Profits from investments are referred to as capital gains. Capital gains are "realized" when investments are sold for more than they were originally purchased, at which point you must pay taxes on the profit.
What exactly are capital gains and how are they taxed?Most investments that are sold after being held for at least a year are subject to capital gains taxes. A Schedule D form is used to record the taxes.
Are capital gains equivalent to income?Based on the source of the profit, capital gains and other investment income are different. Capital gains are the profits made when an investment is sold for more money than it cost to buy it. Investment income is the gain from dividends, interest payments, and capital gains.
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In estimating the difference between two population means, if a 95 percent confidence interval includes zero, then we can conclude that there is a 95 percent chance that the difference between the two population means is zero.a. Trueb. False
False. When calculating the difference between two population means, we can say that there is a 95% probability that the difference between the two population means is zero, which is FALSE, if the 95% confidence interval contains zero.
If a 95 percent confidence interval for calculating the difference between two population means contains zero, the difference between the sample means is not statistically significant at the 5% level. A 95% possibility that the difference between the two population means is zero does not imply that it always is. Only the range of values that the genuine difference between the population means is likely to lie within is given by the confidence interval. The word "population" is used to describe the estimated number of individuals who are known to reside in a specific geographic region.
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lon 4 of 20
What is profit?
A. Money remaining when all expenses except salaries, rent, and
taxes have been paid.
B. Money lost after all other business expenses, including salaries,
rent, and taxes have been paid.
C. Money invested after all business expenses, including salaries,
rent and taxes have been paid.
D. Money remaining when all other business expenses, including
salaries, rent, and taxes, have been paid.
SU
1. Describe ways in which past experience can affect customer expectations.
The customer expectations can anticipate receiving the same quality of service or perhaps better service than they had previously. The customer will also contrast the services provided by your company with those offered by your rivals.
The customer experience is impacted by people's expectations of your brand in several ways. Poor sales and low customer retention rates result from not meeting consumer expectations.
Understanding the elements that can affect purchasers' perceptions is essential to controlling expectations.
You may meet your clients' needs by taking these into account and understanding what they desire. Any group of behaviours or activities that people anticipate while dealing with a business are referred to as customer expectations.
Customers have traditionally anticipated the fundamentals, such as good service and reasonable prices, but modern consumers have considerably greater expectations, such as proactive service, individualised encounters, and integrated digital experiences. If these Implied Expectations are not satisfied, an experience may be derailed.
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write a short response paragraph explaining how a credit score could contribute to keeping someone caught in a cycle of poverty
Answer:
A credit score is a numerical representation of a person's creditworthiness, which lenders use to determine their ability to repay loans. Unfortunately, people with low credit scores may find it difficult to access credit, which can make it challenging to obtain loans to start a business, purchase a home, or cover emergency expenses. This lack of access to credit can make it challenging for people caught in the cycle of poverty to break free, as they may not have the resources to address urgent financial needs or invest in income-generating opportunities. Additionally, without access to credit, they may turn to predatory lenders or high-interest credit cards, further perpetuating the cycle of poverty. Therefore, a low credit score can contribute to keeping someone caught in a cycle of poverty by limiting their financial options and making it difficult to improve their economic situation.
Explanation: