northwest fur company started 2024 with $99,000 of inventory on hand. during 2024, $480,000 in inventory was purchased on account with credit terms of 3/15, n/45. all discounts were taken. purchases were all made f.o.b. shipping point. northwest paid freight charges of $8,500. inventory with an invoice amount of $4,600 was returned for credit. cost of goods sold for the year was $365,000. northwest uses a perpetual inventory system. assuming northwest uses the gross method to record purchases, what is the cost of goods available for sale?
Answers
The cost of goods available for sale are Assuming Northwest records purchases using the gross approach, 167996 is the ending inventory.Cost of items sold is calculated as follows:
Opening Inventory + Purchases + Purchase Return + Discount Accessed + Freight Paid + Ending Inventory
The discount available on purchases is calculated as follows: (Purchases – Purchase Return) x discount rate = (430000 – 4900) x 4% = $17004.Cost of items sold is calculated as follows: Opening Inventory + Purchases + Purchase Return + Discount Accessed + Freight Paid – Ending Inventory 361000 = 112000 + 430000 + 8900 – 17004 – 4900 – Ending Inventory 361000 = 528996- Closing the inventory 528996 ending inventory less 361000 equals 167996.Thus, the final inventory is 167996.The products, equipment, and supplies that a company keeps on hand for eventual resale, production, or use are referred to as inventory or stock. Force operation is a discipline that focuses mostly on defining the positioning and shape of consumed items.
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Related Questions
please help me anyone (picture attached)
Answers
Answer:
Im not entirely sure, but i think
2. Should be D
3. Should be A
(i could be wrong but im about 90 percent sure those r right)
Explanation:
1. Name an automobile model that is positioned to satisfy customers' need for high quality
and status. Then name an automobile model that is positioned to satisfy a need for
inexpensive transportation. Describe the type of consumer who would buy each of the
brands you name. Explain how the automakers of the models you have chosen use
product features, branding, and positioning to make their products "stand out" from
others and differentiate them in the marketplace.
Answers
Answer:
1. An automobile model that is positioned to satisfy customers' need for high quality and status is the Mercedes-Benz S-Class.
2. An automobile model that is positioned to satisfy a need for inexpensive transportation is the Nissan Versa.
3. The consumer who would buy this brand is typically someone who is budget-conscious, looking for a reliable mode of transportation and prioritizes fuel efficiency.
4. Mercedes-Benz emphasizes the luxury and high-performance aspects of its vehicles, using sleek and stylish design, advanced technology features, and premium materials in its marketing campaigns. They position themselves as a symbol of status and luxury, appealing to those who want the best in terms of quality and performance.
Nissan, on the other hand, emphasizes the affordability and practicality of their vehicles, positioning themselves as a practical choice for those who are budget-conscious and value fuel efficiency. They use marketing campaigns that focus on the practical features of their vehicles, such as their low cost of ownership and fuel efficiency, as well as emphasizing their reliability and safety features.
Explanation:
Mercedes-Benz and Nissan use different product features, branding, and positioning strategies to appeal to different segments of the market. Mercedes-Benz appeals to those who value luxury and status, while Nissan appeals to those who value affordability and practicality. By using different strategies to differentiate themselves in the marketplace, they are able to capture the attention of different consumer segments and stand out in a crowded automotive market.
Assume that the interest rate on borrowings in Japan is 3 percent while the interest rate on bank deposits in a U.S. bank is 5 percent. Laura, an active currency trader, borrows in Japanese yen, converts the money into U.S. dollars and deposits it in a U.S. bank. Laura is engaging in
Answers
Answer:
"Carry Trade", is the right answer.
Explanation:
Laura is engaged in "Carry Trade" because the carry trade refers to the process to borrow from the country where the interest rate is lower and deposit the borrowed money in other countries in which the person earns more interest. Therefore, the process for borrowings and deposits from low and high-interest rates respectively is called the carry trade.
The consequences of overfertilization can include ________. Group of answer choices eutrophication in nearby waters very fertile soils in future years crops spreading rapidly into nearby areas very large fruits and vegetables large crop yields per acre
Answers
The consequences of overfertilization can include large crop yields per acre, very fertile soils in future years, crops spreading rapidly into nearby areas, very large fruits and vegetables, and eutrophication in nearby waters.
Overfertilization, which refers to the excessive application of fertilizers, can have both positive and negative consequences. On one hand, it can lead to large crop yields per acre, as the excess nutrients promote plant growth and productivity. This is often desired by farmers and agricultural producers. Another consequence of overfertilization is the rapid spread of crops into nearby areas. The excess nutrients can stimulate vigorous growth, allowing plants to expand beyond their intended boundaries and potentially invade neighboring ecosystems. This process, known as eutrophication, depletes oxygen levels in the water and can lead to the death of fish and other aquatic organisms, disrupting the balance of the aquatic ecosystem.
Overall, while overfertilization can initially seem beneficial for crop productivity, it is important to carefully manage and apply fertilizers to avoid the negative consequences associated with excessive nutrient levels in the soil and surrounding environment.
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complete question: The consequences of overfertilization can include:
1. large crop yields per acre
2. very fertile soils in future years
3. crops spreading rapidly into nearby areas
4. very large fruits and vegetables
5. eutrophication in nearby waters
the barter method of exchange isn't more common in the u.s. economy because the
Answers
Because it is inefficient, lacks standardization, and poses challenges in determining fair values for goods and services.
The barter method of exchange isn't more common in the U.S. economy because it is inefficient, lacks standardization, and poses challenges in determining fair values for goods and services. Barter relies on a direct exchange of goods or services without the involvement of money. However, the use of money as a medium of exchange offers several advantages that make it more prevalent in modern economies like the United States.
Efficiency: Barter requires finding a direct trading partner who has what you need and needs what you have. This process can be time-consuming and complicated, leading to inefficiencies in resource allocation. In contrast, using money as a medium of exchange allows for more efficient transactions since money is widely accepted and easily divisible.
Standardisation: Money provides a standardised unit of value that facilitates pricing and comparison. In a barter system, it can be challenging to establish a fair exchange rate between different goods or services. Money provides a common measure of value, enabling easy comparison and facilitating trade.
Divisibility: Money is divisible into smaller units, allowing for transactions of various sizes. In barter, the exchange must involve goods or services of relatively equal value, which limits the flexibility of transactions. Money allows for more precise and flexible exchanges.
Storage of value: Money serves as a store of value over time. It can be saved and used for future transactions. In a barter system, perishable goods or services may not hold their value over time, making it difficult to store wealth.
Specialization and trade: Money facilitates specialization and trade, leading to increased productivity and economic growth. In a barter system, individuals or businesses would need to be self-sufficient and produce all the goods and services they require. Money allows for specialization, where individuals can focus on producing goods or services in which they have a comparative advantage and then trade for other desired goods or services.
In summary, the inefficiency, lack of standardization, difficulty in determining fair values, and limitations on specialization and trade are reasons why the barter method of exchange is not more common in the U.S. economy. The use of money as a medium of exchange offers greater convenience, efficiency, and flexibility in conducting transactions, promoting economic growth and development.
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View Policies Show Attempt History Current Attempt in Progress The following CVP income statements are available for Blanc Company and Noir Company. (a1) Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Your answer is correct. Compute the break-even point in dollars for each company. (Round answers to 0 decimal places, e.g. 5,125.) eTextbook and Media a3) [ Compute margin of safety ratio for each company. (Round answers to 3 decimal places, e.g. 0.321.) Compute the degree of operating leverage for each company. (Round answers to 2 decimal places, e.g. 1.56.) eTextbook and Media Attempts: 0 of 3 used (c) The parts of this question must be completed in order. This part will be available when you complete the part above. (d) The parts of this question must be completed in order. This part will be available when you complete the part above. Compute the degree of operating leverage for each company. (Round answers to 2 decimal places, e.g. 1.56.) Need anaswer for this section eTextbook and Media Attempts: 0 of 3 used (c) The parts of this question must be completed in order. This part will be available when you complete the part above. (d) The parts of this question must be completed in order. This part will be available when you complete the part above.
Answers
Degree of Operating Leverage (DOL) measures the percentage change in operating income due to the percentage change in sales. It determines how sensitive the operating income is to the percentage change in sales. The formula to calculate the degree of operating leverage is given below:
Degree of Operating Leverage = Contribution Margin / Operating Income
(a1) Calculate Contribution margin ratio
For Blanc Company, Contribution Margin Ratio = Contribution Margin / Sales = (180,000 – 70,000) / 180,000 = 0.611
For Noir Company,
Contribution Margin Ratio = Contribution Margin / Sales = (210,000 – 84,000) / 210,000 = 0.6
(b) Compute the break-even point in dollars for each company.
Blanc Company: Break-even Sales = Fixed Costs / Contribution Margin Ratio Break-even Sales = 80,000 / 0.611 = $130,947
Noir Company: Break-even Sales = Fixed Costs / Contribution Margin Ratio Break-even Sales = 90,000 / 0.6 = $150,000
(a3) Compute margin of safety ratio for each company Margin of Safety Ratio = (Current Sales – Break-even Sales) / Current Sales
For Blanc Company, Margin of Safety Ratio = (180,000 – 130,947) / 180,000 = 0.272
For Noir Company, Margin of Safety Ratio = (210,000 – 150,000) / 210,000 = 0.286
(c) Compute the degree of operating leverage for each company
Degree of Operating Leverage = Contribution Margin / Operating Income
For Blanc Company, Degree of Operating Leverage = 110,000 / 40,000 = 2.75
For Noir Company, Degree of Operating Leverage = 126,000 / 36,000 = 3.5
Therefore, the degree of operating leverage for Blanc Company and
Noir Company are 2.75 and 3.5 respectively.
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Diamond Hotels conducts a survey to find out what kinds of activities their guests enjoy most while staying at the property. The hotel is considering _____________ factors to help them find their target market.
A) Behavioral
B) Demographic
C) Geographic
D) Physchograohic
Answers
Diamond Hotels conducts a survey to find out what kinds of activities their guests enjoy most while staying at the property. The hotel is considering behavioral factors to help them find their target market. Thus, option A is the correct option.
In order to assess which advertising and messages will be most effective with a certain audience, behavioral targeting is used. To launch tailored marketing, it makes use of behavioral data, such as what users do or don't do in your app, on your website, or with your campaigns.
The technique of classifying and categorizing clients according to the actions they display is known as behavioral segmentation. These behaviors include the kinds of goods and material people consume, as well as the frequency with which they connect with a particular app, website, or company.
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The first institution to contact if you know you have been an identity theft victim is
Answers
The first institution that should be contacted in the case of identity theft is the Federal Trade Commission (FTC).
Why should you contact the Federal Trade Commission (FTC)?If you have fallen victim to identity fraud, you should call the Federal Trade Commission immediately.
They will then help you report to the relevant law enforcement agencies such as the FBI and local police.
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Question
Example of sole proprietor businesses
Answers
Answer:
`- In a sole proprietorship, there is no legal distinction between the individual and the business.
`- Examples include writers and consultants, local restaurants and shops, and home-based businesses.
`- A sole proprietor may use a trade name or business name other than his or her legal name.
for which person would renting a home be a better option than getting a mortgage?
Answers
Answer:
Someone who wants ro avoid spending time and money on maintenace
Explanation:
refers to the value that the business would immediately receive
upon selling the asset in the open market when it is no longer a
going concern
Answers
Fair market value is the value of an asset that is determined by taking into account the current market conditions.
It is also known as the "open market value" and is the price that a willing buyer and seller would agree upon to exchange goods and services. This value is usually determined by comparing the prices of comparable goods or services in the same market.
Fair market value is important when it comes to the sale or purchase of assets, as it is the price at which the asset would be exchanged in the open market. Fair market value is also used to calculate the amount of taxes that are due on the sale of certain assets. Generally speaking, the fair market value of an asset is the amount that a willing buyer and seller would agree upon in an open market.
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The single most common form of competition in the U.S. is perfect competition among firms with differentiated products. monopolistic competition among firms with differentiated products. oligopolistic competition in a certain market with similar products. perfect competition because it displays product and allocative efficiencies.
Answers
The single most common form of competition in the U.S. is A. perfect competition among firms with differentiated products.
What is Market Competition?
This refers to the different pricing systems that exist in a market system that allows people to outmaneuver their competition.
Hence, we can see that the United States has capitalism where profit is the main goal and the single most common form of competition in the U.S. is perfect competition among firms with differentiated products.
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The wearing away of the Earth's surface is called
Answers
Answer:
Erosion is the wearing away of the Earth's surface.
The Harris Company purchased equipment for $15,000 on December 1. It is estimated that annual depreciation on the computer will be $3,000. If financial statements are to be prepared on December 31, the company should make the following adjusting entry
Answers
The entry will include Depreciation Expenses for $1,750 and Accumulated Depreciation for $1,750
Here, we are to first calculate the Depreciation expenses while observing that the date runs for 1 month (From December 2 - December 31).
The depreciation expense will equals Annual depreciation of computer * 1/12
Depreciation expense = $3,000 * 1/12
Depreciation expense = $250
The adjusting entry will entails:
Date Account titles and explanation Debit Credit
31 Dec Depreciation expenses $250
Accumulated depreciation $250
(Entry to record depreciation expenses)
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Real GDP, unemployment, and ____ are the main statistics used by economists to assess the health of the economy.
Answers
Real GDP, unemployment, and inflation are the main statistics used by economists to assess the health of the economy.
What are the three measures of a healthy economy?
Once upon a time, the inflation rate, unemployment rate, and growth rate of the gross domestic product were the three main indicators of economic health that could be used to determine the state of the economy.
Why does inflation occur?
The rate of price growth over an extended period of time is known as inflation. The cost of living in a nation has increased, or prices have generally increased.
These are examples of broad measures of inflation. As household incomes improve as a result of more jobs and higher earnings and an increase in consumer spending, the potential for price increases by businesses to raise the cost of their goods and services increases.
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How to Write a resume for a job at a bank as a assistant?
Answers
Answer:
First pick a format try to make it orginazed as possible to amke sure they are inpressed also make sure to on task tell them stright foward why you would be great for that job then you might need to revise it many times the better your gardes are the more chances they take you. Math grades and the school you went to would be great too.
Explanation:
DECA is a CTSO for:
A. Blue-collar Workers
B. Maintenance Workers
C. Fashion Students
D. Marketing Students
Answers
when are the right-of-use asset and lease liability remeasured and adjusted for changes in the amount of payments due to a change in index or rate? (select all that apply)
Answers
The right-of-use asset and lease liability are remeasured and adjusted for changes There is a change in the index or rate used to determine lease payments The lease agreement allows for the adjustment of payments based on changes in the index or rate, The adjustment results in a change in the present value of lease payments.
The right-of-use asset and lease liability are remeasured and adjusted for changes in the amount of payments due to a change in index or rate on the following occasions: When there is a change in the lease term, which includes the exercise of a purchase or extension option that is reasonably certain to be exercised. When there is a change in the lease payments, which includes the exercise of a variable lease payment that is reasonably certain to occur. When there is a change in the lease rate, which includes the use of an index or rate that was not included in the original lease agreement.
Therefore, the correct answer is: When there is a change in the lease term When there is a change in the lease payment When there is a change in the lease rate
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in an international setting, day-to-day decisions about labor relations are usually handled by each foreign subsidiary
Answers
the correct answer is The day-to-day decisions about labor relations are usually handled by each foreign subsidiary in companies that operate across borders.
Depending on the context, the term "labor relations" might signify different things in different fields of study. It is a branch of labor history that examines human connections with regard to work in the broadest sense and how they relate to issues of social inequality in an international setting. It expressly includes historical, uncontrolled, and non-Western kinds of work. Labor relations are defined as "whom one works for or with and under what standards. The sort of labor, type and amount of pay, working hours, levels of physical and mental strain, as well as the degree of freedom and autonomy connected with the work are all determined by these rules—implicit or explicit, written or unwritten.
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The idea that free markets should be left alone to boost economic activity is referred to as __________ economics. a. voodoo c. la valise b. laissez-faire d. bourgeoisie
Answers
Answer:
b. laissez-faire
Explanation:
Fill in the gaps using second conditional. /2
If she (know) __________ the answer, she would win the prize.
If I (be) ___________ a rich man, I would buy a Mercedes Benz.
They would stay longer, if they (has) _________ more time.
If I (understand) __________ what the teacher said, I could tell you.
plz tell hurry
Answers
Answer:
knew
were
had
understood
Which type of promotion would you use to attract customers quickly with the help of coupons, samples, and free gifts?
(blank) is a way of promoting your products and attracting customers quickly with the help of free coupons, vouchers, samples, and gifts.
Answers
Answer:
Sales promotion
Explanation:
Sales promotions refer to the persuasive activities of convincing potential customers to buy a product. The objective of a sales promotion is to boost sales volumes. The tactics used in a sales promotion are designed to have a short term effect. However, a business may acquire long-term customers through sales promotion techniques.
Sales promotion may focus on customers by enticing them to buy. They may also target traders by encouraging them to sell more. The techniques used in a sale promotion include Money off coupons, Competitions, Free gifts, Loyalty cards, Discount vouchers, among others.
Answer:
Sales promotion may focus on customers by enticing them to buy. They may also target traders by encouraging them to sell more. The techniques used in a sale promotion include Money off coupons, Competitions, Free gifts, Loyalty cards, Discount vouchers, among others.
Explanation:
Which are types of income tax that people pay? Check all that apply.
federal
local
Oprogressive
state
sales
flat
Answers
Answer:
federal
local
state
sales
please mark me as brainliest
The types of income tax that people pay are
federal
local
state
sales
What is taxes?The term tax refers to that, compulsory financial charges are there which are to be paid by the taxpayers to the government for every department different taxes are liable to the taxpayers to the government there are many other taxes are bee there like road tax, etc.
According to the citizens are the taxpayers, there are different types of taxpayers have been there are like state tax, local tax, sales tax, and the different types of taxes have been there in it by paying the taxes the government runs.
Therefore, these are the types have been their taxes that have been paid to the government.
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Each time Eddie's Cars sells a vehicle, the company receives a larger discount from the manufacturer. At the end of the fiscal year, the company often slashes its prices by several hundred dollars per car because that amount will be more than offset by the increased discount the company receives from the manufacturer. The manufacturer is giving Eddie's Cars ______. Multiple choice question. a seasonal discount zone pricing a cumulative quantity discount a slotting allowance
Answers
Answer:
a cumulative quantity discount
Explanation:
The cumulative quantity discount is the discount that is depend on the value of the good purchased over a time period. The discount would be applied for any kind of shipments that made within the timeframe.
Just like if wholesaler make an offer that if the purchase is done more than $5,000 so 5% discount is applied
So according to the given situation, it represent the cumulative quantity discount
in which way do employees waste time on social media? group of answer choices calling customers sending emails to coworkers surfing the internet to research competitive products conducting webinars shopping online
Answers
The Internet offers a variety of online services. Several examples are as follows: You can browse the billions of pages that make it up the "web" with a web browser.
What best sums up the Internet?The Internet, sometimes known as "the Net," is a global system of computer networks. It is a network of networks that allows users at any one computer to obtain information from any other computer with permission (and sometimes talk directly to users at other computers).
What distinguishes WiFi from the Internet?WiFi is just a wireless technology used to exchange the Internet between adjacent devices via hotspots. It is a worldwide network of networks whereby computers use the Internet Protocol to connect with one another. WiFi transmits data via radio frequency waves.
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the guy who put letters in math is the reason im failing in geometry im just like
Answers
Answer:
I did that because I wanted to earn points, and alas. I wasnt sure how to other than this.
Explanation:
one part of a cooperations income is paid out to shareholders it is called a ______.
Answers
Answer:
dwadaddaddadawdawdwa
Explanation:
awdawdadawdawdawdaw
Answer:
cash dividend
Explanation:
_____________ career cluster involves planning, organizing, directing, performing, and evaluating business functions essential to effective and productive business operations.
Answers
Answer:
The business, Management, and Administration Career.
Explanation:
Sorry If I'm wrong.
The business, Management, and Administration career cluster involve planning, organizing, directing, performing, and evaluating business functions essential to effective and productive business operations.
What is the purpose of Business Management and Administration?Running daily operations is referred to as administration. However, taking charge of something is the definition of management. The day-to-day operations of the company are managed by a business administrator, while the business manager focuses more on overall leadership. In a small business, one individual can handle both tasks.
Planning, organizing, directing, and evaluating business functions—essential to effective and profitable business operations—relate to careers in the Business Management and Administration cluster. Organizations of all kinds require careers in leadership, management, and support functions to function effectively.
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How a researcher knows what is topical within his or her subject and why it is important to know that
Answers
The research topic that the researcher finds is interesting and hence, he becomes anxious to complete the research work to add value to existing gap.
The research's "what," or the subject to be examined, is provided by the topic. The researcher can locate the research in the literature by defining and identifying the "what" of the study. The drive to pursue an interest is personally generated by curiosity. You can concentrate interest by concentrating on accuracy and clarity.
You must select one study topic that can be thoroughly studied. Clearly define your bounds. Take into account this illustration of topic concentration. Try this question instead of "I am interested in why children are not succeeding": "What effect does comprehending specialised academic language have on accomplishment in the natural sciences for third-grade Hispanic second-language learners?"
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The growing visibility of cohabitation before marriage was once considered ______, but it is now considered ______ in the united states.
Answers
The growing visibility of cohabitation before marriage was once considered deviant, but it is now considered normative in the united states.
Even though sociologists view cohabitation as a recent phenomena, it is widely acknowledged that it predates marriage. The distinction between marriage and cohabitation was not well understood in many nations until the middle of the eighteenth century. The line between these partnerships, for instance, was ambiguous in England until Lord Hardwicke codified marriage in 1753. However, even after Hardwicke's Marriage Act was passed, common-law unions were still widely accepted.
Marriage and cohabitation remained indistinguishable due to a lack of authorities to regulate legal unions and peculiarities in jurisdictional laws (Holland 1998; Seff 1995). During the nineteenth century, marriage truly evolved into the institution that it is today. During this time, marriage evolved from a largely religious custom to one that was frequently established by civil law.
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