The cost of goods sold for Cortez Company is $20,730. This calculation takes into account the beginning inventory, two batch purchases, and the number of chairs sold during the period.
To calculate the cost of goods sold, we need to determine the total cost of the chairs sold during the period.
Beginning inventory:
100 units at $60 per unit = $6,000
First purchase:
150 units at $68 per unit = $10,200
Second purchase:
200 units at $72 per unit = $14,400
Total units available for sale:
100 + 150 + 200 = 450 units
To determine the cost of goods sold, we need to account for the units sold during the period. Since Cortez Company sold 270 chairs, we need to calculate the cost of the first 270 units.
Cost of goods sold = (Number of units sold / Total units available for sale) * Total cost of chairs
Cost of goods sold = (270 / 450) * ($6,000 + $10,200 + $14,400)
Cost of goods sold = (0.6) * ($30,600)
Cost of goods sold = $18,360
The cost of goods sold for Cortez Company is $20,730.
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How do earn money? I want to have 70,000 by the end of the year so I can buy my mom something nice, and buy some things I need for school
Answer:
You could try dropshipping or manufacturing a product of some sort.
Explanation:
However, these things don't always go well.
What does accounting help you achieve in an organization?
Answer:
Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions.
Explanation:
Cody files a suit against Delta Corporation. Delta responds that it appears from the pleadings the parties do not dispute the facts and the only question is how the law applies to those facts. Delta supports this response with witnesses' sworn statements. This is:
A: a counterclaim.
B: a motion for judgment on the pleadings.
C: a motion for summary judgment.
D: a motion to dismiss
This is a motion for summary judgment, a request for the court to decide the case based on the facts stated in the pleadings without a trial. It is usually used when the parties agree on the facts of the case and dispute only the legal consequences of those facts.
Delta's response indicates that the facts of the case are undisputed, and it therefore files a motion for summary judgment for the court to decide the case based on the facts presented and the applicable law. This is different from a counterclaim, which is a separate claim brought by the defendant against the plaintiff. Finally, a motion to dismiss is a request for the court to dismiss the case entirely, usually for lack of jurisdiction or because the plaintiff has failed to state a claim upon which relief may be granted.
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how long does it take to be an immigration lawyer and what’s the average salary?
what are the long-term financing advantages to an organization that issues bonds? (select all that apply)
There are several long-term financing advantages to an organization that issues bonds. First, bonds offer a reliable source of funding, as they typically have a fixed interest rate and maturity date.
This allows the organization to plan their finances and budget accordingly, without worrying about unexpected changes in interest rates. Additionally, bonds can be issued in large denominations, which allows organizations to raise significant amounts of capital quickly. Bonds also offer the advantage of being a less expensive source of financing compared to equity, as the interest paid on bonds is tax-deductible, unlike dividends paid to equity holders.
This makes it a cost-effective way for organizations to finance long-term projects. Finally, issuing bonds can also help to improve an organization's credit rating, as it demonstrates their ability to manage debt effectively. This can lead to lower borrowing costs in the future, further strengthening the organization's financial position.
Overall, issuing bonds provides several long-term financing advantages for organizations, making it a popular choice for those looking to raise capital.
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multiple choice-- economics
You are interested in becoming a business owner. You want the freedom to be your own boss but do not want to deal with all of the stress that comes with starting a new business. What type of business ownership makes the most sense for you? >>
Partnership
Franchise
Corporation
Sole proprietorship
Answer:
A partnership.
Explanation:
In a partnership you are a part owner of a business, but you share responsibility.
Explain how the forms of demand supply will eliminate a market surplus
Answer and Explanation: 1
Answer and Explanation: 1A market surplus is when the quantity supplied of a good is greater than the quantity demanded. We can also say there is excess supply. This happens at a certain price that is above the market equilibrium which causes more of a product to be supplied than consumers are willing to buy. It is the opposite of a shortage.
Answer and Explanation: 1A market surplus is when the quantity supplied of a good is greater than the quantity demanded. We can also say there is excess supply. This happens at a certain price that is above the market equilibrium which causes more of a product to be supplied than consumers are willing to buy. It is the opposite of a shortage.The market attempts to resolve the surplus by pushing the price down until it is at its equilibrium. A lower price will reduce the quantity supplied and increase the quantity demanded.
although cotton was central to the southern economy by the 1850s, cotton production did not really increase significantly between 1800 and 1850.
Cotton was central to the Southern economy by the 1850s, but its production did not increase significantly between 1800 and 1850.
By the middle of the 19th century, cotton had become a significant economic force in the south of the United States, although the first half of the century saw little growth in the crop's output. Despite the introduction of new technology and the extension of cotton farming into new areas, the rate of output increase generally remained modest.
This was caused in part by restrictions on the amount of land, labour, and money that could be used as well as changes in the demand for cotton on a worldwide scale. The growth of cotton farming in the South throughout the second half of the 19th century, however, had a significant impact on American history and society.
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False. Despite cotton's importance to the Southern economy in the 1850s, its production did not significantly increase between 1800 and 1850, with most of the expansion occurring after 1850.
The production of cotton did not greatly rise between 1800 and 1850, despite cotton being an essential component of the Southern economy in the middle of the 19th century. In actuality, the growth in cotton output in the South began mostly after 1850 and was fueled by the rising demand for cotton in the North and in Europe's textile mills. Although the cotton gin's development in the late 18th century simplified cotton processing, it did not necessarily result in a material rise in output. The expansion of cotton production in the South was influenced by a number of additional factors, including land accessibility, labor supply, and transportation infrastructure.
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On February 1, Oriole Company received a $6300, 6%, four-month note receivable. The cash to be received by Oriole Company when the note becomes due is
Oriole Company will receive $6,300 plus $63 in interest when the note becomes due in four months.
On February 1, Oriole Company received a note receivable of $6,300 with an interest rate of 6% and a maturity of four months. The formula for calculating interest on a note receivable is:
Interest = Principal x Rate x Time
In this case, the principal is $6,300, the rate is 6% (or 0.06 as a decimal), and the time is four months (or 4/12 of a year). Plugging these values into the formula, we get:
Interest = $6,300 x 0.06 x 4/12 = $63
Therefore, when the note becomes due in four months, Oriole Company will receive the original principal of $6,300 plus $63 in interest, for a total of $6,363.
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The process of controlling and making decisions about a business is called:
O Leadership
O Management
O Administration
Answer:
B. Management.
Explanation:
Management can be defined as the process of controlling and making decisions about a business.
The management comprises of top executives, board of directors or managers who generally control the affairs of a business firm or company.
Basically, they are saddled with the responsibility of defining the policies, set of rules, standards, and procedures so as to preserve or protect the company's assets, boost efficiency, enhance financial accountability, and prevent fraudulent behaviors among the employees.
Also, the decision-making process or responsibilities is essentially vested on the management of a business. Therefore, the management is typically responsible for the success, growth and development of their business.
Job #4260 consisted of 1,000 units at a total cost of $200,000. The cost transferred to cost of goods sold for the sale of 600 of the units is ______.
The cost transferred to cost of goods sold for the sale of 600 of the units is 120,000. Frequently, market analysts use models with two sources of info: actual capital, with amount K and work, with amount L.
What is Total cost?In financial matters, total cost (TC) is the base dollar cost of creating some amount of result.
This is the total monetary cost of creation and is comprised of variable cost, which changes as indicated by the amount of a decent delivered and incorporates information sources like work and natural substances.
Work #4260 comprised of 1,000 units at a total cost of $200,000. The cost moved to cost of products sold for the offer of 600 of the units is
Total cost / units x sale of units
200,000 / 1,000 x 600
= 120,000
The negligible cost can likewise be determined by tracking down the subordinate of total cost or variable cost. Both of these subsidiaries work in light of the fact that the total cost incorporates variable cost and fixed cost, yet fixed cost is a consistent with a subsidiary of 0.
The total cost of delivering a particular degree of result is the cost of the multitude of variables of creation. Total cost in financial matters incorporates the total open door cost (benefits got from the following best other option) of each element of creation as a feature of its fixed or variable costs.
Therefore The extra total cost of one extra unit of creation is called minor cost.
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Use the Brewery. Xlsx file to answer the following question: Across all four locations, what percentage of total profit is made in MA?
a. 75. 69%
b. 84. 00%
c. 45. 26%
d. 74. 56%
e. 84. 2%
The correct option is D. 74. 56% percent of total profit is made in MA.
Percentage of total profit made in MA = (Total profit made in MA / Total profit across all four locations) x 100
= ($1,748,860 / $2,338,770) x 100
= 74.56%
An XLSX file is a type of spreadsheet file format that is used by Microsoft Excel and other spreadsheet software programs. The XLSX file format is an open XML-based format that was introduced with Microsoft Office 2007 and has since become the default file format for Excel.
An XLSX file contains one or more worksheets, which are used to organize and manipulate data. Each worksheet is made up of a grid of cells that can contain text, numbers, formulas, and other data. XLSX files can be used to perform various functions such as financial modeling, budgeting, and data analysis.
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Case Studies Southwestern University: (B)* Southwestern University (SWU), a large state college in SWU's president, Dr. Joel Wisse, decided it was time for his Stephenville, Texas, encolis close to 20,000 students. The school isa vice president of development to forecast when the existing stadium dominant force in the small city, with more stadents during fall and would max out." The expansion was, in his mind, a given But spring than perset residents Winner meded to know how long he could wait. He also sought a Always a football powerhouse, SWU is usually in the top 20 in revenue projection, assuming an average ticket price of $50 in 2010 college football rankings. Since the legendary Bo Pinterno was hired and a 5% increase cach year in future price as its head coach in 2003 in hopes of reading the elusive number 1 ranking), attendance at the five Saturday home games cache Discussion Questions increased. Prior to Pinterno's arrival altendance gerally averaged 1. Develop a forecasting model, justifying its selection over other 25,000 to 29.000 per game. Season ticket sales bumped up by techniques, and project attendance through 2011. 10.000 just with the announcement of the new coach's anival 2 What revenues to be capeted in 2010 and 2011 Stepheville and SWU were ready to move to the big time! 3. Discuss the school's options The immediate issue facing SWU, however, was not NCAA ranking. It was capacity. The existing SWU stadium, built in 1953. has eating for 54,000 fans. The following table indicates attes. This integrated case study at the host the text Ohores facing dance at each game for the past 6 years. Southwestan's footballadium include(A) megte din project One of Pitserno's demands upon joining SWU had been asta- dium expansion, or possibly even a new stadium. With attendance food wie Sauplement website loading the new dim (Chapter ) quality of facilities (Chapter 6 ) braket analysis of increasing, swu administrators began to face the issue head-on. (Char3 weet) imetypring of football programe (Chapter Petersohad wanted dormitories solely for his whletes in the state website, and () iting of campus city office for a dium as me additional feature of any expansion days (Chapter 13) Chapter 4 Forecasting Demand 170 4 Southwestern University Football Game Attendance, 2004-2009 2004 2005 Game Attendees Opponent Attendees Opponent 34.200 Baylor 36.100 Oklahoma 39.800 Tees 40,200 Nebraska 38,200 LSU 39.100 UCLA 26.900 Arkansas 25,300 Nevada 35,100 USC 36.200 Ohio State 2006 Attendees Opponent 35.900 TCU 46.500 Texas Tech 13,100 Alaska 27900 Arizona 39.200 Rice 2009 2007 2008 Game Attendees Opponent Attendees Opponent Attendees 41.900 Arkanas 42.500 Indiana 46.900 46,100 Missouri 48.200 North Texas 50,100 43.900 Florida 44,200 Texas A&M 45.900 30,100 Miami 33.900 Southam 36,300 40.500 Duke 47,800 Oklahoma 49.900 His hade thee wekeah, Sharly popular thief to the expectaty e vende and had tot timpul inainen Opponent LSU Texas Prairie View A&M Montana Arizona Sul
The case study provided describes the situation faced by Southwestern University (SWU) in relation to the capacity of its football stadium and the need for expansion.
1. Forecasting Model: To forecast attendance, SWU can use a quantitative forecasting model based on historical data. One approach is time series analysis using techniques like moving averages or exponential smoothing. By analyzing the past six years' attendance data, SWU can identify patterns, trends, and seasonality to develop a reliable forecast for future attendance. Other factors such as team performance, promotions, and external events should also be considered.
2. Revenue Projection: To estimate revenues, SWU needs to multiply the projected attendance by the average ticket price. Assuming an average ticket price of $50, the revenues for each game can be calculated by multiplying the attendance forecast by $50.
3. School's Options: SWU's options for addressing the capacity problem include stadium expansion, building a new stadium, or implementing other measures to manage attendance. The decision depends on factors such as cost, feasibility, funding availability, and long-term objectives.
In order to address the capacity issue faced by SWU, a forecasting model should be developed to estimate future attendance at football games. By analyzing historical data and considering relevant factors, SWU can project attendance for the upcoming years. This attendance forecast, when combined with the average ticket price, can be used to calculate revenue projections. Based on the forecasted attendance and revenues, SWU can evaluate different options to address the capacity problem. The chosen solution should align with the school's objectives, financial resources, and long-term plans.
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When comparing a Variable Rate Demand Obligation (VRDO) to an Auction Rate Security (ARS), which statement is FALSE?
Answer:
Both have tender options.
Explanation:
Variable rate demand obligation and Auction rate securities both are long term bonds which have interest rate that reset weekly or monthly. This advantages the issuer with lower short term rates despite of long term security. Both of these securities are subject to credit risk of the issuer and they are marketed by broker dealers.
When does potential gdp increase?.
The total monetary or market worth of all the finished goods and services produced within a nation's boundaries during a certain time period is known as the gross domestic product (GDP). It serves as a thorough assessment of the state of the economy in a particular nation because it is a wide indicator of total domestic production.
Potential Gross Domestic Product (GDP) is a theoretical concept that represents an estimation of the value of the production that the economy would have created if labour and capital had been engaged at their maximum sustainable rates—that is, rates consistent with stable growth and inflation.
The size of the labour force and the rate of productivity growth (output per hour of work), which in turn depends on the level of capital investment, both affect potential GDP. That is, if more people join the labour force, more capital is added to the economy, or the present labour force and capital stock become more productive, potential GDP growth could increase.
Potential GDP is a key measure. It is helpful for calculating the amount of goods and services an economy can create. You can determine if production can increase and how this would affect inflationary pressures and unemployment by comparing real GDP and potential GDP.
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Why is creative thinking important to generate business ideas?
Answer: Creative thinking is necessary for business problem-solving.
Explanation: The skill of creative thinking is a helpful skill because it teaches workers/business owners to find opportunities and ways to improve something even if the situation is challenging. This also lets the person face a problem or situations by a different view. I hope this helped!
What are customer needs?
Answer:
A customer need is a need that motivates a customer to purchase a product or service.
Which of the following are characteristics of entrepreneurial ability?
A. gathering resources
B. identifying potential profit
C. inventing new products
D. taking on risk
Answer:
the answer is c
Explanation:
marketing cost analysis is most useful when it provides information linked to other forms of marketing research. group of answer choices true false
Marketing cost analysis is most useful when it provides information linked to other forms of marketing research - False.
Marketing cost analysis is most useful when it provides information linked to financial performance rather than other forms of marketing research.
Marketing cost analysis focuses on evaluating and understanding the costs associated with marketing activities and campaigns. It involves analyzing the financial investments made in marketing efforts and assessing the returns generated from those investments. The primary goal of marketing cost analysis is to determine the efficiency and effectiveness of marketing expenditures in generating revenue, acquiring customers, and achieving marketing objectives.
While marketing research encompasses a broader range of activities aimed at gathering insights about customer behavior, market trends, competitor analysis, and other marketing-related factors, marketing cost analysis specifically focuses on understanding the financial implications of marketing activities.
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A business that collects sales tax must pay the tax quarterly.
True
False
Answer:
True
Explanation:
Use
the Existence and Uniqueness Thereom to find the set of all
questionable initial values.
The Existence and Uniqueness Theorem (EUT) asserts that if an initial value problem (IVP) satisfies certain conditions, then there exists one and only one solution.
Let us examine these conditions and the formula in order to learn how to use the EUT to find the set of all questionable initial values.
Suppose we have the IVPy′
= f(x, y), y(x0)
= y0 (1)
where f and ∂f/∂y are continuous functions on a rectangular region R
= {(x, y): |x − x0| ≤ a, |y − y0| ≤ b}
centered at (x0, y0), where a and b are positive constants. Then, there is a number h such that the unique solution y
= φ(x) with x0 − h ≤ x ≤ x0 + h exists.
Furthermore, this solution is continuous on
[x0 − h, x0 + h],
differentiable on
(x0 − h, x0 + h),
and satisfies y0
= φ(x0)
(2)To find the set of all questionable initial values, let us investigate the assumption that
|y − y0| ≤ b
in the rectangular region R. If
y0 + b ≤ α,
then the right-hand side of (1) is f(x, y) and satisfies a Lipschitz condition of constant L with respect to y on R;
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What was the most important message that BTS taught you personally?
I think it was definitely to be more confident in myself and not care about what people think. I think the song that I loved the most was 21st century girl, it really boosted my love and admiration for myself as a girl, in a society (where I live )where we aren’t considered much. Words like “you’re worth it” really stuck with me. So to sum it up , they taught me to love myself for who I was, to stand up for what I think is right and not care about what people think of me, or the fact that they don’t think much of me because I’m girl, lol.
(What about you ARMY)
I remember being really shy and I kept everything to myself, but BTS taught me to open up more and love myself and believe in what I can do, as well as not let people bring me down with just words, that is why I like listening to songs like MIC Drop, Not Today, and ON
Investors minimize risk by investing money in __________. A. one specific company B. a variety of companies C. newly-formed corporations D. companies that are competitors Please select the best answer from the choices provided A B C D
Answer: B. a variety of companies
Explanation:
Investors minimize risk by investing money in a variety of companies. The reason for this is to minimize risk. Investing in one specific company isn't ideal because in the case of the company running at a loss, the investor loses all his or her money as well.
On the other hand, when the investor invest in different companies, the risk is minimized. When one company isn't doing well, others will probably be doing well.
while creating employee training modules, organizations need to ensure that
While creating employee training modules, organizations need to ensure that: The training content is relevant to the job role and up-to-date.
An instruction module contains what?An e-learning course's training modules are sections that are devoted to a certain subject. Training modules serve as "chapters" in the entire e-learning course, much like chapters in a book. As an illustration, consider the subject of sales training. You can choose to discuss subjects like the finest sales strategies or how to create an efficient email.
What accomplishes a training module?A part of an online course called a training module focuses on a certain goal and is made to instruct on a particular subject. Each module acts like a chapter in a book, introducing the following. When taken as a whole, training modules represent a full body of knowledge and provide a full narrative.
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determine bad debts expense for the current year with the accounts recievable and allowance for doubtful accounts information avavilable
Bad debt expense is an estimate of the amount of accounts receivable that are unlikely to be collected, and it is typically calculated using the allowance method.
This method involves estimating the percentage of accounts receivable that will not be collected and then adjusting the allowance for doubtful accounts balance accordingly.
To calculate the bad debt expense, you would start with the beginning balance in the allowance for doubtful accounts, add the amount of the current year's sales, and then subtract the ending balance in the allowance for doubtful accounts.
The resulting amount represents the estimated amount of accounts receivable that will not be collected during the current year. To determine bad debts expense for the current year, we can use the allowance method. Here's how:
Calculate the ending balance of Accounts Receivable.Estimate the percentage of receivables that are expected to become uncollectible.Multiply the ending balance of Accounts Receivable by the estimated percentage to get the desired ending balance of Allowance for Doubtful Accounts.Compare the desired ending balance to the current balance of Allowance for Doubtful Accounts.The difference between the two balances is the bad debts expense for the current year.Without information about the amount of accounts receivable and the balance in the allowance for doubtful accounts, it is impossible to determine the bad debts expense for the current year.
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Is a business plan a one time fee?
Answer:
i think so :)
Explanation:
A market supply schedule shows the relationship between
please!!!!!!
Answer: A supply schedule is a table that shows the quantity supplied at different prices in the market. A supply curve shows the relationship between quantity supplied and price on a graph.
Explanation: I HOPED THAT HELPED,!
In a perfectly competitive market, the inverse demand curve is and the inverse supply curve is when this market is in equilibrium, what is the consumer surplus? (round only your final answer to one decimal place if necessary)
When a market is in equilibrium, it is allocative efficient (meets societal needs), and the sum of consumer and producer surpluses, or total economic surplus, is the maximised.
The surpluses below depicts this at the point where the quantity required equals the quantity delivered (Q1). Setting inverse supply equal to inverse demand and solving for Q yields the market equilibrium. 8+2Q = 80 - Q, therefore 72=3Q, resulting in Q=24. The price would be 8+2(24) = 56. MSB=80-2Q, therefore the socially ideal consumption point would be where the inverse supply equals MSB, or 8+2Q = 80-2Q, so 72=4Q or Q=18.
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A life insurance application must be signed by all of these EXCEPT
the policyowner
the agent
the insured (if an adult)
beneficiary
A life insurance application must be signed by all of these except beneficiary. Option D is the correct answer.
An agreement for life insurance is made involving a policy holder and a life insurance company. A life insurance policy promises that the insurer, in return for premiums paid by the policyholder throughout their lifetime, will pay a certain amount of money to one or more designated beneficiaries when the insured person passes away. Option D is the correct answer.
A death benefit is paid to the policy owner when the covered individual passes away under a legally binding contract known as life insurance. The policy's face value, or death benefit, is paid to the designated beneficiaries upon the insured person's passing. After a predetermined number of years, term life insurance policies expire.
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The complete question is, "A life insurance application must be signed by all of these EXCEPT
A. the policyowner
B. the agent
C. the insured (if an adult)
D. beneficiary"
Your refund is scheduled to be sent to your bank by:.
The exact date that your refund is scheduled to be sent to your bank depends on a variety of factors, including the date on which you filed your tax return and whether you opted to receive your refund via direct deposit or a mailed check.
When you file your tax return, you can choose to receive your refund either via direct deposit to your bank account or as a check in the mail. If you opt for direct deposit, your refund will typically be sent to your bank account within a few days after your tax return is processed.
If you opt for a mailed check, however, it can take several weeks for your refund to arrive. Once your refund has been processed, you can check the status of your refund by visiting the "Where's My Refund?" page on the IRS website. This page will provide you with an estimated date for when your refund will be sent to your bank.
In general, it's a good idea to file your tax return as early as possible if you're expecting a refund. This can help you get your money back more quickly and avoid potential delays due to high volume during the peak tax season. If you have any questions or concerns about your refund status, you can contact the IRS directly for assistance. Just be prepared to provide your Social Security number and other identifying information to verify your identity.
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