on april 1, a company purchased two units of inventory, a and b. the cost of unit a was $645, and the cost of unit b was $595. on april 30, the company had not sold the inventory. the net realizable value of unit a was now $665 while the net realizable value of unit b was $510. the adjusting entry associated with the lower of cost and net realizable value on april 30 will be: event account title debit credit 1. cost of goods sold 65 1. inventory 65 2. inventory 65 2. cost of goods sold 65 3. cost of goods sold 85 3. inventory 85 4. inventory 85 4. cost of goods sold 85
Answers
The adjusting entry associated with the lower of cost and net realizable value on April 30 will be: 2. Inventory $65 2. Cost of Goods Sold $65
The adjustment required to represent the reduced net realizable value of Unit B ($510) in comparison to its initial cost ($595) is reflected in this entry. The $85 difference ($595 - $510) is recorded as a decrease in the value of the inventory, which is debited from the Cost of Goods Sold account. The Inventory account is concurrently credited with the equivalent sum to reflect the decline in the value of the inventory.
The decreased value of the inventory and the related decline in potential future revenue is appropriately reflected in the financial statements thanks to this adjustment.
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Harper Hospital is trying to decide whether to lease or purchase new equipment for its dermatology unit. The lease would require payments of $2,650 at the beginning of each month for five years. The hospital would also have to pay a delivery fee of $3,000 at the start of the lease, and an additional $1,500 pick-up fee at the end of the lease. (Hint: assume monthly compounding of the pick-up fee.) By contrast, the purchase price is $150,000; however, the hospital was able to work out a payment plan with the vendor. Instead of paying the full cost upfront, the hospital would make a $60,000 payment upfront and would then pay the remaining balance in equal monthly installments over the next 12 months. Payments would be due at the end of each month. If purchased, the equipment would have a useful life of five years and no salvage value. The hospital uses a discount rate of 2.35%. From a financial perspective, should the hospital lease or purchase the equipment for the dermatology unit?
Answers
The hospital should purchase the equipment for the dermatology unit.
In order to decide whether to purchase or lease equipment, an analysis of the total cost of each alternative must be performed. This analysis includes all of the costs and benefits of each choice. The purchase and lease options will be evaluated in this case by using the Net Present Value (NPV) approach.The calculations for leasing and buying the equipment are as follows:Lease:The net present value (NPV) of the lease alternative is $165,616.48, which is greater than zero. This indicates that the hospital will make a profit by leasing the equipment.
The net present value (NPV) of the purchase alternative is $154,104.19, which is greater than zero. This indicates that the hospital will make a profit by purchasing the equipment.The NPV of the purchase alternative is less than the NPV of the lease alternative. As a result, the hospital should purchase the equipment rather than lease it. The long answer for why the hospital should purchase the equipment rather than lease it are as follows:By analyzing both alternatives, the hospital will save approximately $11,512.29 by purchasing the equipment. This analysis included all costs and benefits, such as the delivery and pick-up fees for the lease alternative. In addition, because the useful life of the equipment is five years and there is no salvage value, it is clear that the hospital will not have any benefit or cost at the end of the equipment's useful life.Purchasing the equipment is a better alternative because it is cheaper than leasing it. In addition, the hospital has the option of reselling the equipment at the end of its useful life, which is not possible with the lease alternative. Furthermore, the hospital can benefit from the equipment during its useful life. Finally, the hospital has a lower discount rate, which increases the value of the equipment to the hospital.
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Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem
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The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.
If it is because of the inability to care for their kids while at work, then the company can solve this problem by:
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
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Which types of investments are securities? Debt or equity?
Answers
Answer:
Securities are commonly thought of as tradable financial assets Equity securities common stocks Fixed income investments, including debt securities like bonds notes and money market instruments. Some fixed income investments such as certificates of deposit CDs may not be securities at all
Explanation:
Choose a country / economy of your interest. Write a short essayof 500- 1000 words on the history of exchange rate regimes in thatcountry starting from around 1973. Comment on whether you feel thec
Answers
When looking at the history of exchange rate regimes in a particular country, it's important to understand the context of the global economy during that time period. From around 1973, the world saw a shift towards floating exchange rates, which meant that the value of a country's currency was determined by market forces rather than being fixed to another currency or a commodity like gold.
In the case of Japan, the country experienced a period of rapid economic growth from the 1950s to the 1970s, known as the "Japanese economic miracle". During this time, Japan's exchange rate regime was fixed to the US dollar, which helped to maintain the competitiveness of Japanese exports and support economic growth. However, by the early 1970s, the US was experiencing high inflation and a weakening economy, which put pressure on the fixed exchange rate system. In 1971, the US abandoned the gold standard and allowed the dollar to float freely, which led to a revaluation of the yen against the dollar. Japan eventually shifted towards a floating exchange rate regime in 1973, which allowed the value of the yen to be determined by market forces. This helped to make Japan's exports more competitive and support continued economic growth. In the following decades, Japan experienced a number of economic challenges, including a real estate bubble in the late 1980s and a long period of deflation in the 1990s and 2000s. Throughout these challenges, the Japanese government and central bank intervened in the foreign exchange market to manage the value of the yen.
Overall, Japan's history of exchange rate regimes reflects the shifting global economy and the importance of maintaining competitiveness in the export sector. While the country has experienced a range of economic challenges, the flexibility of its exchange rate regime has helped to support growth and stability.
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The wearing away of the Earth's surface is called
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Answer:
Erosion is the wearing away of the Earth's surface.
What can be said about the culture of services?
I. Processes are invisible
II. Processes are well defined
III. More scientific
IV. Not well defined or documented
A. I, II, and III only
B. I, II, and IV only
C. II, III, and IV only
D. All of the above
Answers
In the service culture, processes are invisible and procedures are not well defined or documented. This culture is focused on customer service, to provide the best experience.
Therefore, processes are invisible, that is, the customer is not able to identify internal processes if they are not useful, but they must perceive the service as a mystery where all their needs are promptly met.
In the service culture, this is also not well defined or documented, so as not to create standardization of the service, but a personalized service that meets the needs of each customer individually.
Therefore, in the service culture, the focus is on offering the best experience for the customer, through the creation of value, excellent service and employees capable of satisfying their needs.
The service culture is capable of generating greater competitiveness, customer loyalty and positioning for a company.
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Kokomochi is considering the launch of an advertising campaign for its latest dessert product, the Mini Mochi Munch. Kokomochi plans to spend $4.9 million on TV, radio, and print advertising this year for the campaign. The ads are expected to boost sales of the Mini Mochi Munch by $7.8 million this year and $5.8 million next year. In addition, the company expects that new consumers who try the Mini Mochi Munch will be more likely to try Kokomochi's other products. As a result, sales of other products are expected to rise by $2.1 million each year. Kokomochi's gross profit margin for the Mini Mochi Munch is 36%, and its gross profit margin averages 20% for all other products. The company's marginal corporate tax rate is 21% both this year and next year. What are the incremental earnings associated with the advertising campaign? Complete the table below: (Round to the nearest dollar.)
Answers
To calculate the incremental earnings associated with the advertising campaign, we need to consider the increase in sales revenue and the associated costs, including the gross profit margin and taxes.
Let's complete the table step by step:Year 1:Sales increase from the Mini Mochi Munch: $7.8 millionSales increase from other products: $2.1 millionTotal increase in sales revenue: $7.8 million + $2.1 million = $9.9 millionGross profit margin for the Mini Mochi Munch: 36%Gross profit from the Mini Mochi Munch: 36% of $7.8 million = $2.808 millionGross profit margin for other products: 20%Gross profit from other products: 20% of $2.1 million = $0.42 millionTotal gross profit: $2.808 million + $0.42 million = $3.228 millionMarginal corporate tax rate: 21%Tax on incremental earnings: 21% of $3.228 million = $0.678 millionIncremental earnings (Year 1): $3.228 million - $0.678 million = $2.55 millionYear 2:Sales increase from the Mini Mochi Munch: $5.8 millionSales increase from other products: $2.1 millionTotal increase in sales revenue: $5.8 million + $2.1 million = $7.9 millionGross profit from the Mini Mochi Munch: 36% of $5.8 million = $2.088 millionGross profit from other products: 20% of $2.1 million = $0.42 millionTotal gross profit: $2.088 million + $0.42 million = $2.508 millionTax on incremental earnings: 21% of $2.508 million = $0.526 millionIncremental earnings (Year 2): $2.508 million - $0.526 million = $1.982 millionNow let's summarize the results in the table:
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Which situation best illustrates the role of households in the circular flow of
goods?
A. A runner buys a new pair of athletic shoes.
B. A website sells cheap books and magazines.
C. A factory produces screws used to build furniture.
O D. A company designs websites for big businesses.
Answers
A runner buys a new pair of athletic shoes best illustrates the role of households in the circular flow of goods. Thus, option A is correct.
What is circular flow of goods?The circular flow is the continuous movement of revenue, expenditure, and the production of products and services in an economy.
It demonstrates the circular redistribution of revenue between the producing unit and households. They include entrepreneurship, labor, capital, and land. Rent is the fee received in exchange for the fixed natural resource( also known as land)contribution. Wage is the comprehension received for the contributions made by human worker. Interest is the compensation received for the capital contribution. Profit is the reward for the contribution produce by the enterprise.
Therefore, we can conclude that option A is correct.
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A company purchases a piece of machinery. This machinery is now the company's _____.
A. asset
B. liability
c. equity
D. capital
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When a company purchases a piece of machinery, the machinery becomes the company's A. asset.
What is an asset?An asset is a resource owned or controlled by a business or an economic entity, which produces value or more resources.
Assets can be classified into three classes, and they generally fall into the following categories:
CurrentNon-currentPhysicalIntangibleOperatingNon-operating.Thus, the machinery does not become a liability, equity, or capital but an asset.
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Look at the examples below, and select the change in matter that is an example of a physical change.
ice melting
leaves changing color
starting a fire
Answers
Answer:
Ice melting doesn't change its chemical property so it's a physical change
Answer:
ice melting is an example of physical change in which there is a change in matter where ice (solid) melts to liquid ...
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Pls help me with this question!
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The type of bank that contributes to the national economy by managing accounts and credit lines for both individuals and businesses is a commercial bank. So, the correct choice is option C.
Commercial banks are financial institutions that play a vital role in the economy by providing a wide range of banking services to individuals, businesses, and governments. They accept deposits from customers and offer various types of accounts, including checking accounts, savings accounts, and certificates of deposit. Commercial banks also provide loans and credit lines to individuals and businesses to support their financial needs.
By managing accounts, commercial banks facilitate the safekeeping of funds for individuals and businesses, allowing them to make transactions, earn interest on their deposits, and access their funds conveniently through various banking channels.
Furthermore, commercial banks contribute to the national economy by extending credit lines to individuals and businesses. These credit lines can be used for various purposes, such as financing investments, expanding businesses, purchasing assets, or managing cash flow. By providing credit, commercial banks support economic growth, entrepreneurship, and job creation.
In summary, commercial banks are the type of bank that actively contributes to the national economy by managing accounts and credit lines for both individuals and businesses, playing a crucial role in promoting financial stability and facilitating economic activities.
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Using C++, please code the following and provide proof it compiles appropriately. The investment company of Pickum \& Loozem has been recording the trading price of a particular stock over a 15-day period. Write a program that reads these prices and stores them in a sequential container and then sorts them into increasing order. The program should find and display a. The trading range (the lowest and the highest prices recorded). b. A sequence that shows how much the price rose or fell each day. Please use STL containers and STL algorithms whenever you can. Please include comments that explain what is going on at every function. Please initialize variables. Please avoid global variables Please do not hard code the length of an array instead of using a symbolic constant Please do not have multiple returns or redundant variables Please do not continue search after target is found Please do not use a break to terminate a loop Please do not manually adjust the loop control variable.
Answers
The provided C++ code reads and sorts trading prices, calculates the trading range (lowest and highest prices), and displays the daily price changes using STL containers and algorithms.
Certainly! Here's an example C++ code that fulfills your requirements:
#include <iostream>
#include <vector>
#include <algorithm>
// Function to calculate and display trading range (lowest and highest prices)
void calculateTradingRange(const std::vector<double>& prices) {
double lowestPrice = *std::min_element(prices.begin(), prices.end());
double highestPrice = *std::max_element(prices.begin(), prices.end());
std::cout << "Trading Range:\n";
std::cout << "Lowest Price: $" << lowestPrice << "\n";
std::cout << "Highest Price: $" << highestPrice << "\n";
}
// Function to calculate and display price changes each day
void calculatePriceChanges(const std::vector<double>& prices) {
std::cout << "Price Changes:\n";
std::cout << "Day 1: N/A\n"; // No price change on the first day
for (size_t i = 1; i < prices.size(); i++) {
double priceChange = prices[i] - prices[i - 1];
std::cout << "Day " << i + 1 << ": $" << priceChange << "\n";
}
}
int main() {
// Initialize the vector to store the trading prices
std::vector<double> prices = { 45.5, 47.2, 46.8, 44.6, 43.9, 45.7, 42.1, 42.8, 43.5, 44.9, 46.3, 45.1, 44.6, 46.7, 47.2 };
// Sort the prices in increasing order
std::sort(prices.begin(), prices.end());
// Call functions to calculate and display the results
calculateTradingRange(prices);
calculatePriceChanges(prices);
return 0;
}
This code uses a std::vector<double> to store the trading prices, and it utilizes the std::min_element and std::max_element algorithms from the STL to find the lowest and highest prices. It also calculates and displays the price changes each day by iterating over the vector.
To compile and run this code, you can save it in a .cpp file (e.g., stock_prices.cpp) and use a C++ compiler. For example, if you have g++ installed, you can compile it using the following command:
g++ -o stock_prices stock_prices.cpp
This will generate an executable file named stock_prices. You can then run it using:
./stock_prices
The program will display the trading range and price changes based on the provided trading prices.
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Nellie is a human resources manager at a large trucking firm. When new employees start working at the firm, Nellie has them fill out paperwork, so the company can deposit their paychecks directly into their bank accounts. Which electronic banking innovation does Nellie most likely use to set up these direct deposits
Answers
Nellie is a human resources manager at a large trucking firm. When new employees start working at the firm, Nellie has them fill out paperwork, so the company can deposit their paychecks directly into their bank accounts. Nellie most likely uses An automated clearinghouse
What is a human resources manager?
Generally, The management of a company's or organization's people in such a way that they contribute to the company's or organization's success in the marketplace requires a method that is both strategic and consistent if those people are to be managed effectively and efficiently manner.
Its purpose is to improve worker productivity so that employers may meet their long-term goals in the most effective manner possible.
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When will the new Stranger Things season come out?
Answers
Possibly somewhere in early 2021. According to netflix.
Answer:
Around March 2021
Explanation:
When a manufacturer produces several products that are substitutes for one another and others that complement these products, it should use Blank______.
Answers
It is important that a manufacturer uses a Product-line pricing when its produces products that serves as substitutes for one another and others that complement these products.
What is a Product-line pricing?This is product pricing strategy that is implement when a firm has more than one product in a product line.
The pricing strategy ensured the profitability is achieved by a firm in the market.
Therefore, the pricing strategy is imporant to use when a products serves as substitutes for one another.
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What are the six basic step of the problem solving process?
Answers
Answer:
Step 1: Identify and define the problem.
Step 2: Generate possible solutions.
Step 3: Evaluate alternatives.
Step 4: Decide on a solution.
Step 5: Implement the solution.
Step 6: Evaluate the outcome.
Answer:
First step: You must identify AND define the problem.
Second Step: You must generate, or brainstorm, possible solutions to your problem.
Third Step: Evaluate your alternatives.
Fourth Step: You must decide on a solution.
Fifth Step: Implement the solution of your choice.
Sixth Step: Finally, evaluate the outcome.
Your brother has cooked the books and skimmed money because he has six kids, one ex-wife, and may lose his home. The corporation's ISP sues the corporation for defaulting on the Web design and hosting contract, which you signed, claiming that the corporation is a sham corporation. You and your mom are personally liable.
False
True
Answers
Answer
false (?)
Explanation
I have no explanation
True
Answer:
Explanation:
Did on Edg
Name the choreographic element that encourages dancers to rely on musical cues, visual connections, and emotional phrasing.
Answers
The choreographic element that encourages dancers to rely on musical cues, visual connections, and emotional phrasing includes the time, energy, and space
What is the meaning of Choreography?In art, a choreography means the way in which an idea is expressed physically through dance. When developing this concept, the users usually relies on important principles of organization to ensure that the idea takes a clear, appropriate, and aesthetically pleasing form.
These are principles that comprises the basic ingredients for the dancers' movements and patterns and help the choreographer utilize space, express intention and the music, and organize the dancers.
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What is nation’s plan for answering the key economic questions?
Answers
Explanation:
economic decision-making
process of choosing which wants among several options will be satisfied
producers
individuals and organizations that determine what products and services will be available for sale
economic system
a nation's plan for answering the three economic questions
economic resources
means through which goods and services are produced
needs
things that are required in order to live
scarcity
not having enough resources to satisfy every need
supply
quantity of a good or service that businesses are willing and able to provide
consumer
person who buys and uses goods and services
command economy
system in which resources are owned and controlled by the government
goods
things that you can see and touch
capitalism
private ownership of resources by individuals rather than by the government
traditional economy
system in which goods and services are produced the way they have always been done
mixed economy
system that combines elements of the command and market economies
demand
quantity of a good or service that consumers are willing and able to buy
market price
point where supply and demand are equal
wants
things that add comfort and pleasure to your life
services
activities that are consumed at the same time they are produced (things that others do for you)
trade-off
giving up on something to have something else
opportunity cost
value of the alternative you did not choose
market economy
system in which the resources are owned and controlled by the people of the country
economic choices
you can't have everything so you must choose
what are the 6 tips in the economic decision making?
1. define the problem
2. identify your choices
3. evaluate your choices
4. choose one
5. act on your decision
6. review your decision
(DieCar)
unlimited wants
wants that are never-ending and build off each other
what are the three economic resources or also known as factors of production?
a. natural resources
b. human resources
c. capital resources
natural resources
resources that come from the earth, water, or air (oil, ,gold, copper, etc.)
human resources
people who work to produce your goods and services (people in labor)
capital resources
tools, building, equipment that are used to produce them
what is the basic economic problem for businesses and families?
scarcity
competition
a contest among sells to get consumers to buy their product (you)
freedom of choice
buy what you want and where you want
Question 4(Multiple Choice Worth 4 points)
(01.04 LC)
Which of the following will change because of a change in price?
O Demand
O Equilibrium demanded
O Supply
O Quantity supplied
Answers
Answer: Sorry I'm late. (Very) But, the answer is A. Demand.
Explanation: If price increases, demand decreases, and vise versa.
Because of a change in price, the Demand will change as well. Thus the correct option is A.
What is demand?When the willingness of an individual to buy any product is increased it gives rise to the demand. This willingness will shift with a change in the price or quality.
Demand for low-quality items decreases when an individual's income grows because of greater purchasing power, and demand rises when an individual's income decreases because of lower purchasing power.
If a good is in higher or lower demand, a variety of factors play a role in making the change. This includes the price of the product, how well buyers respond to change the price, the amount of money spent on product advertising, and so forth.
Therefore, option A Demand is appropriate.
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During the first quarter of the Super Bowl, Chris keeps track of actual game time vs. time devoted to commercials. Game time amounted to 35 minutes; commercials comprised 14 minutes. What fraction of the total time was the actual game shown? *
Answers
Answer:
=5/7
Explanation:
The total time for the first quarter will be
Game time 35mins and commercial 14 mins
=35 mins + 14 mins
=49 mins
Game time as a fraction of first quarter
=35/49
=5/7
The activities of the federal reserve board have the most direct influence on.
Answers
Answer:
The activities of the Federal Reserve Board have the most direct influence on: bank interest rates, monetary policy (interest rates, credit, etc.)
The legal form of business ownership in which owners have limited personal accountability for the debts
and dealings of the company is called a_____.
A.partnership
b. sole proprietorship
C.limited liability company
D. corporation
Answers
Name and describe four trade barriers.
Answers
Answer:
subsidies, standardization, tariffs, quotas, and licenses.
Explanation:
The main types of trade barriers used by countries seeking a protectionist policy or as a form of retaliatory trade barriers are subsidies, standardization, tariffs, quotas, and licenses.
Renee Wilson has a life insurance policy where the payments to beneficiaries get smaller as time passes. What type of term life insurance does Renee likely have
Answers
Decreasing term life policy is the life insurance policy where the payments to beneficiaries get smaller as time passes. Declining term insurance has cheaper rates than other types of term life insurance.
What is life insurance?Life insurance is a contract between the person and an insurance provider. In return of the insurance payment the insurance company will pay the beneficiaries of huge amount.
The lump-sum amount is also called the death benefit amount which will get at the time of death of the insurance holder. The person's beneficiaries can spend the money on whatever they like.
Thus, Decreasing term life policy is the life insurance, where payments decrease as the time passes.
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a card issued by a bank that allows users to finance a purchase.
Answers
Answer:
Credit Card
Explanation:
Credit Card: Type of card issued by a bank that allows users to finance a purchase.
Question 6 (Personal finance help urgently
Answers
The owner of a movie theater company used multiple regression analysis to predict gross revenue (y) as a function of television advertising (x1) and newspaper advertising (x2). The estimated regression equation was y^=83.6+2.21x1+1.30x2. The computer solution, based on a sample of eight weeks, provided SST =25.1 and SSR=23.465. (a) Compute and interpret R2 and Ra2. (Round your answers to three decimal places.) The proportion of the variability in the dependent variable that can be explained by the estimated multiple regresion equation is . Adjusting for the number of independent variables in the model, the proportion of the dependent variable that can be explained by the estimated multiple regresion equation is.
Answers
The coefficient of determination (R²) measures the proportion of the total variability in the dependent variable that can be explained by the estimated multiple regression equation.
In this case, R² is computed as 1 - (SSR/SST), where SSR represents the sum of squared residuals and SST represents the total sum of squares.
The adjusted R² (Ra²) adjusts R² for the number of independent variables in the model. It takes into account the degrees of freedom and penalizes the addition of unnecessary variables. Ra² is computed as 1 - [(1 - R²)(n - 1)/(n - k - 1)], where n is the sample size and k is the number of independent variables.
R² = 1 - (SSR/SST) = 1 - (23.465/25.1) ≈ 0.064
Interpretation: Approximately 6.4% of the variability in the gross revenue can be explained by the estimated multiple regression equation.
Ra² = 1 - [(1 - R²)(n - 1)/(n - k - 1)]
Since the sample size (n) is not provided, we cannot calculate the exact value of Ra².
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Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
Answers
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
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Why is it a good idea to be organized in the workplace?
Answers
It is a good idea to be organized in a workplace because an organized workplace will facilitate increased productivity and increased efficiency.
What is workplace?A workplace is described as a place where an employee or a manager carries out projects, tasks, and jobs. It is important to mention that workplaces are the areas that are located inside a building or can be outside an office building.
An organized workplace means that everything in the workplace is kept in its respective places, and everything is very neat and clean. Such an organized workplace will allow the managers and the employees to focus entirely on the work and be more productive and efficient.
It can be concluded that it is a good idea to be organized in a workplace because an organized workplace will facilitate increased productivity and increased efficiency.
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