Renee Farm grows fruits and vegetables by using nutrient-enriched soil and chemically enhanced fertilizers. Its products are extremely popular among health-conscious individuals who believe that natural fruits and vegetables do not have an adequate amount of nutrients. Renee Farm's products are popular even though its market is very niche. In the context of industry-level strategy, Renee Farm is most likely using a(n)
Answers
Renee Farm is most likely using a focus strategy. As Renee Farm's products are popular even though its market is very niche.
What is focus strategy?People can direct your marketing efforts toward a certain market or demographic by using a focus approach. Focus strategy is the process of developing, marketing, and selling products or services to a target market that may consist of a certain customer demographic, a specific product line, or a specific geographical area.
Pepsi provides a variety of products. Pepsi Black was created as a part of their concentrate strategy on clientele searching out healthier beverages.
Thus, it is a focus strategy.
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Related Questions
Blue Corporation is a manufacturing company which has decided to introduce a new line of merchandise on January 25, 2019. The company has experienced significant revenue and earnings growth in recent years and anticipates future growth to decline slightly, yet remain consistent with the strong industry average (10-15% annual revenue growth). Blue has incurred certain patent costs and considerable attorney fees, in addition to survey costs, management studies, salaries, insurance, and quality inspections.
Given the three alternative methods for handling research and experimental expenditures, which method(s) would be most appropriate for Blue Corporation? Explain Why? How should Blue Corporation’s manufacturing expenditures be reported?
Answers
Answer:
Throughout the clarification category following the table, the definition of the concern is listed.
Explanation:
(1)
Quantitative surveys will now be the safest approach.
Questionnaire fees including patent fees become traceable as research spending, and progress is in estimates. This approach is used where a numerical production that helps to address analysis questions needs to be established. If one wants a concrete statistic to justify the study, it is a very effective market research tool.(2)
The cost incurred shall be recorded in compliance with IND AS 38 if because when the study, as well as surveys, are performed.
what are some ways the financial crisis in 2008 could've been avoided
Answers
The financial crisis in 2008 could've been avoided in some ways by Regulating the housing market, Proper regulation banks and financial institutions, Introduction of better accounting standards, Encouraging greater transparency, and Regulating credit rating agencies.
The global financial crisis of 2008 was a significant economic event that had a far-reaching impact on the worldwide economy. The crisis resulted in the collapse of numerous leading financial institutions, which led to unprecedented losses in the stock market, a decline in economic growth, and high levels of unemployment. It is commonly believed that the crisis could have been avoided if appropriate measures had been taken at the right time.
Here are some ways the financial crisis in 2008 could have been avoided:
1. Regulating the housing market: The financial crisis of 2008 originated from the housing market collapse. Banks and financial institutions had given loans to people who could not afford them, and when the housing bubble burst, a massive number of mortgages went into default. If the government had regulated the housing market more effectively, the financial institutions would not have been able to give out loans to risky borrowers, and the housing market would not have collapsed.
2. Proper regulation of banks and financial institutions: If banks and financial institutions were regulated more effectively, they would not have been able to engage in risky financial practices that led to the crisis. Regulators would have spotted the risky activities early on and would have been able to take corrective action before it was too late.
3. Introduction of better accounting standards: During the financial crisis of 2008, banks and financial institutions engaged in creative accounting practices to hide their losses. This deception made it difficult to ascertain the real situation of the banks and financial institutions, leading to a lack of confidence in the market. If better accounting standards had been introduced, this could have been avoided.
4. Encouraging greater transparency: The financial crisis of 2008 was partly caused by a lack of transparency in the market. If regulators had encouraged greater transparency, there would have been more information available to investors, which could have led to greater confidence in the market.
5. Regulating credit rating agencies: Credit rating agencies played a significant role in the financial crisis of 2008. They gave high ratings to toxic financial products, which misled investors and led to the collapse of the market. If credit rating agencies were regulated more effectively, they would not have been able to give high ratings to risky products, and the market would have been more stable.
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The following refers to units processed by a breakfast cereal maker in August. Compute the total equivalent units of production with respect to conversion for August using the weighted-average inventory method.
Tons of Product Percent of Conversion Added
Beginning Work in Process 230,000 60%
Goods started 570,000 100%
Goods completed 620,000 100
Ending Work in Process 180,000 70%
a. 758,000
b. 800,000
c. 620,000
d. 746,000
Answers
Answer:
Total equivalent units= 746,000
Explanation:
Giving the following information:
Beginning Work in Process 230,000 60%
Goods started 570,000 100%
Goods completed 620,000 100
Ending Work in Process 180,000 70%
The weighted average method blends the costs and units of the previous period with the costs and units of the current period.
Units completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production
Equivalent units of production:
Units completed in the period= 620,000
quivalent units in ending inventory WIP= (180,000*0.7)= 126,000
Total equivalent units= 746,000
The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse.
1. Issued 30,000 shares of common stock in exchange for $300,000 in cash.
2. Purchased equipment at a cost of $40,000. $10,000 cash was paid and a notes payable to the seller was signed for the balance owed.
3. Purchased inventory on account at a cost of $90,000. The company uses the perpetual inventory system.
4. Credit sales for the month totaled $120,000. The cost of the goods sold was $70,000.
5. Paid $5,000 in rent on the warehouse building for the month of March.
6. Paid $6,000 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2021.
7. Paid $70,000 on account for the merchandise purchased in 3.
8. Collected $55,000 from customers on account.
9. Recorded depreciation expense of $1,000 for the month on the equipment.
Required:
Analyze each transaction and show the effect of each on the accounting equation for a corporation. (Amounts to be deducted should be indicated by a minus sign. Enter the net change on the accounting equation.)
Answers
Answer:
Assets = liabilities + Paid in capital + retainted earnings
1: 300,000 300,000
2. 30,000 30,000 0 0
3. 90,000 90,000 0 0
4. 50,000 0 0 50,000
5. -5,000 0 0 -5,000
6. 0 0 0 0
7. -70,000 0 0 -70,000
8. 0 0 0 0
9. -1000 0 0 -1000
Explanation:
2: 40,000 - 10,000 = 30,000
10,000 out of 40,000 was paid so the owed amount is 30000, which is a liability and you earn an asset by paying. So asset and liability
3. Three is straight forward.
4. 120,000 - 70,000 = 50,000
revenue is added to stockholders equity which includes retained earnings, but is also labeled an asset.
5. It's -5000 because that is amount we take out of cash to pay rent.
6. It's 0 because the insurance plan doesn't start until April, these transactions however are in march.
7. It's -70,000 because that is the cash going out
8. It's 0 because that account is paid off by the customer
9. It's negative -1000 because it's an expense on depreciation.
The analysis and effect of each transaction on the accounting equation of Wainwright Corporation are as follows:
Transaction Analysis:
1. Cash $300,000 Common Stock $300,000
2. Equipment $40,000 Cash $10,000 Notes Payable $30,000
3. Inventory $90,000 Accounts Payable $90,000
4. Accounts Receivable $120,000 Sales Revenue $120,000
Cost of Goods Sold $70,000 Inventory $70,000
5. Rent Expense $5,000 Cash $5,000
6. Prepaid Insurance $6,000 Cash $6,000
7. Accounts Payable $70,000 Cash $70,000
8. Cash $55,000 Accounts Receivable $55,000
9. Depreciation Expense $1,000 Accumulated Depreciation $1,000
Effect of Each Transaction on the Accounting Equation:
Transaction Accounting Equation
Assets = Liabilities + Stockholders Equity
1. $300,000 = $0 $300,000
2. $40,000 -$10,000 = $30,000 + $0
3. $90,000 = $90,000 + $0
4. $120,000 = $0 + $120,000
4. -$70,000 = $0 + -$70,000
5. -$5,000 = $0 + -$5,000
6. $6,000 - $6,000 = $0 + $0
7. -$70,000 = -$70,000 + $0
8. $55,000 -$55,000 = $0 + $0
9. -$1,000 = $0 + -$1,000
$394,000 = $50,000 + $344,000
Thus, the accounting equation represents the equality of assets with liabilities and equity.
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A production possibilities frontier can shift outward if
Answers
Answer:
A production possibility frontier (PPF) illustrates the combinations of output of two products that a country can supply using all of their available factor inputs in an efficient way. One way the PPF can shift outwards is if there is an increase in the active labour supply
Based on the following data, what is the amount of working capital?
Accounts payable $65280
Accounts receivable 116280
Cash 71400
Intangible assets 102000
Inventory 140760
Long-term investments 163200
Long-term liabilities 204000
Short-term investments 81600
Notes payable (short-term) 57120
Property, plant, and equipment 1366800
Prepaid insurance 2040
$377400
$332520
$289680
$338640
Answers
Based on the given figures on the assets and the liabilities of the company, the working capital is $289,680.
What is the working capital?This can be found as:
= Current assets - Current liabilities
= ( Inventory + Cash + Accounts receovebale + Prepaid insurance + Short-term investments) - ( Accounts payable + Notes payable (short-term)
Solving gives:
= (140,760 + 71,400 + 116,280 + 2,040 + 81,600) - (65,280 + 57,120)
= $289,680
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An aptitude test can show that a person:
A.Likes to work with people.
B. Has a good attitude
C. Is skilled in the use of his/her hands.
D. Values leisure time.
Answers
Answer:
C. Is skilled in the use of his/her hands.
Explanation:
U 2 can help me by marking as brainliest.........
Answer:
Is skilled in the use of his/her hands
Explanation:
Many institutions and companies for entrance takes aptitude tests at first .
Because to join a company or work you must have to show that you are capable of doing it .
Is anyone good at introduction to business?
Answers
Answer:
Yeah I'm good with business too
Explanation:
What is the "rate of return" on an
investment?
A. It is the amount of money you make from your
investment.
B. It is the interest based on the principal.
C. It is the interest based on the principal plus the
interest.
D. It is the initial investment you make.
Answers
Answer:
I think its the amount of money you make from your investment
Periodic Inventory by Three Methods
The units of an item available for sale during the year were as follows:
Date Line Item Description Units and Cost
Jan. 1 Inventory 6 units at $47
Feb. 17 Purchase 12 units at $48
Jul. 21 Purchase 6 units at $51
Nov. 23 Purchase 19 units at $51
There are 6 units of the item in the physical inventory at December 31. The periodic inventory system is used. Round average unit cost to the nearest cent and final answers to the nearest whole dollar, if required.
a. Determine the inventory cost by the first-in, first-out method.
b. Determine the inventory cost by the last-in, first-out method.
c. Determine the inventory cost by the weighted average cost method. Round average unit cost to the two decimal places, and round your final answer to the nearest dollar.
Answers
The first-in, first-out method costs $306, the last-in, first-out method costs $282, and the weighted average cost method costs $297 for inventory.
What is Weighted Average Cost Method?The Weighted Average Cost Method is a method for valuing inventory that is used to figure out how much each unit of inventory costs on average. The weighted average cost of all units that were available for sale during the accounting period is used in this method to calculate the cost of goods sold (COGS) and the value of the ending inventory.
Divide the total cost of goods that are available for sale by the total number of units that are available for sale to get the weighted average cost per unit. The cost of goods sold (COGS) is then calculated by multiplying this average cost per unit by the number of units sold. To determine the value of the ending inventory, the remaining units are valued at the same weighted average cost per unit.
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Select the correct text in the passage.
Read the following paragraph and determine which components highlight the purpose of personal protective equipment.
The food service manager of the restaurant San Lucas requests permission from the owner to buy personal protective equipment for some of the
kitchen staff. The owner comments that it is a good idea. She thinks that personal protective equipment would help the kitchen staff feel happier at
work. The staff would also look more professional when working in the open kitchen. The food service manager added that the personal protective
equipment would keep the employees safer, especially when working with extreme temperature items. He also informed the owner that the equipment
would allow the restaurant to comply with the latest government regulations on food service operations.
Reset
Next
Answers
The purpose of personal protective equipmentis that the personal protective equipment would keep the employees safer, especially when working with extreme temperature items.
What is personal protective equipment?Personal protective equipment can be described as the meausres that can help to prevent the employee from danger in broader sense oit can be described as the items such as gloves, safety glasses and shoes, earplugs or muffs, hard hats, as well as full body suits that can be used to ensure proper safety with theuse of personal protective equipment.
In conclusion, from the paragraph it can be seen that purpose of personal protective equipment is one that would keep the employees safer, especially when working with extreme temperature items which is the components that highlight the purpose of personal protective equipment.
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HOW TO START PROJECT
Answers
Answer:
eat tae tae tae tae tae tae tae tae tae taetaetae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae tae
Explanation:
taetaetaetaetaetaetaetaetaetaetaetaetaetaetaetaetaetaetaetaetaetaetaetaetaetaetaetaetae
Required Materials
Slide presentation software
The role of many federal government regulatory agencies is to protect consumers and businesses. The laws regulated by these agencies enforce ethical, safe, and professional practices from business owners toward consumers.
Follow these steps to complete this activity. You will create your project in a slide presentation program based on the directions below.
Step 1:
Open a new slide deck and include six slides.
Title the first slide, “The Role of Federal Regulatory Agencies”
Step 2:
Add one of these titles to each of the five slides following the title slide:
Consumer Product Safety Commission (CPSC)
Food and Drug Administration (FDA)
Environmental Protection Agency (EPA)
Federal Trade Commission (FTC)
Securities and Exchange Commission (SEC)
Step 3:
On each slide, include the following information relevant to the agency’s name and function:
Provide a brief description of that agency.
Describe the function of that agency.
Include an example of a business that would need to follow that agency’s guidelines.
If possible, provide a relevant image on each slide from the PPT library or from a creative commons photo site.
Answers
Creating a slide presentation on federal regulatory agencies can help you understand the role of these agencies and their importance in protecting consumers and businesses.
Creating a Slide Presentation on Federal Regulatory Agencies:Slide 1: The Role of Federal Regulatory Agencies
In this slide, provide a brief overview of the role of federal regulatory agencies and their importance in protecting consumers and businesses.
Slide 2: Consumer Product Safety Commission (CPSC)
This include a brief description of its function in protecting consumers from hazardous products. Provide an example of a business that would need to follow CPSC guidelines such as a toy manufacturer.
Slide 3: Food and Drug Administration (FDA)
This include a brief description of its function in ensuring the safety and efficacy of food and drug products. Provide an example of a business that would need to follow FDA guidelines such as a pharmaceutical company.
Slide 4: Environmental Protection Agency (EPA)
This include a brief description of its function in protecting the environment and human health. Provide an example of a business that would need to follow EPA guidelines such as a chemical manufacturer.
Slide 5: Federal Trade Commission (FTC)
This include a brief description of its function in promoting competition and protecting consumers from deceptive business practices. Provide example of a business that would need to follow its guidelines such as a telemarketing company.
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On April 1, a patent with an estimated useful economic life of 12 years was acquired for $1,500,000. In addition, on December 31, it was estimated that goodwill of $6,000,000 was impaired. a. Record the acquisition of patent. Refer to the Chart of Accounts for exact wording of account titles. b. Journalize the adjusting entry on December 31 for the amortization of the patent rights. Refer to the Chart of Accounts for exact wording of account titles. c. Journalize the adjusting entry on December 31 for the impaired goodwill. Refer to the Chart of Accounts for exact wording of account titles.
Answers
April 1st
DR Patent $1,500,000
CR Cash $1,500,000
December 31st
DR Amortization Expense $93,750
CR Patent $93,750
December 31st
DR Impairment Expense $6,000,000
CR Goodwill $6,000,000
What is journal entry?Journal entry is the method of recording daily transactions of a company, the company records the transactions in the form of journal entries than these are accumulated to prepare income statement and balance sheet.
The journal entry to be made on 1st April is patent will be debited and cash will be credited as a patent was purchased. The next entry will be made on 31st December which is for the recording of amortization expense debit amortization expense with $93,750 (($1,500,000 / 12 years) * 9 / 12) and patent will be credited with the same amount, the impairment entry will include impairment expense as debit and goodwill will be credited.
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When must you wash your hands
Answers
Answer:
Before, during, and after preparing food. Before and after eating food. Before and after caring for someone at home who is sick with vomiting or diarrhea. Before and after treating a cut or wound.
wash your hands before and after always and preferably with antibacterial soap
Classify each of the following businesses as either Physical or Digital.
A. An online store that dropships camping gear
B. A bookstore on Amazon that sells eBooks
C. A bakery in your community
D. A hair salon that makes appointments online
Answers
An online store that drop-ships camping gear is a digital business, a bookstore on Amazon that sells ebooks is a digital business, A bakery in your community is a physical business, and a hair salon that makes appointments online is a physical business.
What is a physical and digital business?A physical business is described as a form of business in which customers need to visit a store or a place to receive a service or make a purchase. Whereas, a digital business is described as a form of business in which customers can purchase any product or service online (internet) without going to a physical store.
Statement A and statement B are digital business because it does not have a physical store where a customer needs to visit to make a purchase. Rather, the seller just delivers the product to the customer.
Statement C and statement D are physical businesses because both have a physical store, these business sells or offer their services to their customer. The presence of a physical store/hair salon justifies the physical nature of the business.
It can be concluded that an online store that dropships camping gear is a digital business, a bookstore on Amazon that sells ebooks is a digital business, A bakery in your community is a physical business, and a hair salon that makes appointments online is a physical business.
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Answer:
A. An online store that dropships camping gear - Digital
B. A bookstore on Amazon that sells eBooks - Digital
C. A bakery in your community - Physical
D. A hair salon that makes appointments online - Physical
Explanation:
Common Sense
Which type of car insurance policy usually has the highest premium?
Answers
Comprehensive car insurance policy usually has the highest premium among all the other types of car insurance policies. Hence the correct answer is A.
Comprehensive car insurance is an optional coverage that provides protection against damage to your vehicle from various risks such as theft, vandalism, fire, and natural disasters. It also covers damages to your car from collisions with animals. Comprehensive car insurance provides broader coverage than liability insurance, including damage to both other people and property and your own car, making it more expensive.
Therefore, comprehensive car insurance policy usually has the highest premium among all the other types of car insurance policies. Hence the correct answer is A.
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Sloan Inc. recently invested in a project with a 3-year life span. The net present value was $9,000 and annual cash inflows were $21,000 for year 1; $24,000 for year 2; and $27,000 for year 3.
The initial investment for the project, assuming a 15% required rate of return, was _____.
Net Present Value
Answers
Answer:
Explanation:
To calculate the initial investment, we can use the formula for net present value (NPV) as follows:
NPV = present value of cash inflows - present value of initial investment
Given that NPV = $9,000 and the annual cash inflows for each of the three years, we can calculate the present value of cash inflows as follows:
PV of year 1 cash inflow = $21,000 / (1 + 0.15)^1 = $18,260.87
PV of year 2 cash inflow = $24,000 / (1 + 0.15)^2 = $18,137.32
PV of year 3 cash inflow = $27,000 / (1 + 0.15)^3 = $18,008.69
Therefore, the total present value of cash inflows is:
PV of cash inflows = $18,260.87 + $18,137.32 + $18,008.69 = $54,406.88
Now, we can rearrange the NPV formula to solve for the initial investment:
NPV + PV of initial investment = PV of cash inflows
Substituting the given values, we get:
$9,000 + PV of initial investment = $54,406.88
PV of initial investment = $54,406.88 - $9,000
PV of initial investment = $45,406.88
Finally, we can calculate the initial investment by finding the present value of $45,406.88 for 3 years at a 15% required rate of return:
Initial investment = $45,406.88 / (1 + 0.15)^3
Initial investment ≈ $29,508.88
Therefore, the initial investment for the project was approximately $29,508.88.
how can we use research &
technology
to make american workers more
productive in the global marketplace, and American firms more competitive.
Answers
Computer-integrated manufacturing is being used to make American workers more productive in the global marketplace, and American firms more competitive.
The average level of output per worker per hour is known as productivity. The US productivity growth rate increased by 4.2% on average between 1979 and 2011. More particularly, productivity rose 2% in 2011. Although a 2% rise was less than our average productivity growth from 1979 to 2011, 11 other countries that the US bureau of labor statistics monitors annually experienced greater productivity growth than the US. If US businesses want to boost productivity and their ability to compete in the global market, they must take into account a number of elements.
Since a few years ago, automation—the full or nearly full employment of machines to perform tasks—has changed how work is done in industries. Computer-integrated manufacturing is being used by an increasing number of industries to aid in product design and production. Electronic equipment and Computer-integrated manufacturing are combined in a flexible manufacturing system (FMS) to create smaller batches of goods more effectively than on a conventional assembly line.
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Which type of credit is used to lease a building?
Answers
Answer:
service credit
Explanation:
The following data was collected from the manufacturing of an auto component. It represents the diameter (in mm) of that component. What is the LCL for a control chart using this data (z=3)?Sample Obs 1 Obs 2 Obs 3 Obs 41 10 12 12 142 12 11 13 163 11 13 14 144 11 10 7 85 13 12 14 13
Answers
Answer:
9.37
Explanation:
The computation of LCL for a control chart is shown below:-
Sample Obs 1 Obs 2 Obs 3 Obs 4 Mean observation Range
1 10 12 12 14 12 4
2 12 11 13 16 13 5
3 11 13 14 14 13 3
4 11 10 7 8 9 4
5 13 12 14 13 13 2
For computing the mean observation and range we will use the below formulas
Mean observation = ( Obs 1 + Obs 2 + Obs 3 + Obs 4) ÷ 4
Range = Highest value - Lowest value
\(LCL = \bar{\bar{X}} - A2 \bar{R}\)
\(\bar X\) = ( 12 + 13 + 13 + 9 + 13 ) ÷ 5
= 12
\(\bar R\) = ( 4 + 5 + 3 + 4 + 2 ) ÷ 5
= 3.6
Since we found the value of A2 with the help of constants table for control charts for a 4 subgroup size.
A2 = 0.729
\(LCL = \bar{\bar{X}} - A2 \bar{R}\)
12 - 0.729 × 3.6
= 9.37
Proactiv and George Foreman Grill became successful after appearing in television commercials that asked customers to call a toll-free number or go to a website to order the products. This is an example of _____. Not Telemarketing
Answers
The given scenario of making use of television commercials to make sales is known as Infomercials
What is Advertising?This refers to the practice of creating awareness for a group of products so that people can buy the goods.
Hence, we can note that because Proactiv and George Foreman Grill became successful after appearing in television commercials, and persuading people to buy their products, this is an example of infomercials.
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How can the intellectual property be protected?
Answers
Answer:
IP is protected in law by, for example, patents, copyright and trademarks, which enable people to earn recognition or financial benefit from what they invent or create.
Explanation:
the last such reversal occurred about how many years ago? a. 680,000 years b. 780,000 years c. 880,000 years d. 980,000 years
Answers
last such reversal occurred about B. 780,000 years which was so many years ago.
What are magnetic reversals ?These reversals can be seen as one that is random with no apparent periodicity to their occurrence.
It an be deduced that their occurence is as often as every 10 thousand years or so and as infrequently compare to 50 million years or more how ever the las one took place around the 780,000 years ago.
It should be noted that Since the original discovery of magnetic reversals, it was establisehed that the reversals have occurred over the past 10 million years .
Therefore, option B is correct.
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missing option:
Since the original discovery of magnetic reversals, scientists have shown that these reversals have occurred over the past 10 million years at an average rate of 4 to 5 reversals per million years. The last such reversal occurred about how many years ago?
Schmaltz Herring revenue and costs are forecast to be changed this year from last. But the IRS has announced an increase in the corporate profits tax rate. If Schmaltz pays the same amount of dividends, its payout ratio will:
Answers
Answer:
If Schmaltz pays the same amount of dividends, its payout ratio will:
change.
Explanation:
Since the revenue and costs will change in the current year, with some increase in the corporate income tax rate by the IRS, the earnings per share will also change. If the amount of dividends paid out does not change, the payout ratio will still change as a result of the change in the earnings per share.
Schmaltz's payout ratio shows the relationship between the dividends paid to shareholders and the company's earnings. The simplest way to calculate the payout ratio is to divide the dividend per share by the earnings per share, then multiplied by 100.
What is business marketing?
please make it long
Answers
Answer:
Business marketing, also known as business-to-business marketing, occurs when a business markets and sells its products or services to another business or organization. The businesses that purchase these products may use them in manufacturing, to run their businesses or for resale. In consumer marketing, advertising can be broad and interaction with customers often takes place through large retailers. Business marketing differs in that it relies on much more personal, direct relationships between businesses.
Explanation:
Which of the following influences what you choose to wear
Your activities
All of the Above
Basic needs
Your personal preferences
Answers
Answer:
all of the above dnnxndncnvhhdbdbdbd
Compute ending merchandise inventory, cost of goodssold, and gross profit using the (1) FIFO inventory costingmethod, (2) LIFO inventory costing method, and (3) weighted-average inventory costing method. (Round weighted-average cost per unit to the nearest cent and all other amounts to the nearest dollar.)
Begin by determining ending merchandise inventory and cost of goods sold under each of the three methods.
Requirement 1.
FIFO
Plus:
Less:
Cost of goods sold
Requirement 2.
LIFO
Requirement 3.
Weighted-Average
Answers
Additional Information:
June.1 Beginning merchandise inventory 17 units at $15each
12 Purchase 5 units at $19each
20 Sale 14 units at $37each
24 Purchase 11 units at $23each
29 Sale 13 units at $37each
Answer:
a) Ending Merchandise Inventory and Cost of Goods Sold under FIFO:
Beginning Inventory, 17 units at $15each $255
Plus Purchases:
June 12 Purchase, 5 units at $19each 95
June 24 Purchase, 11 units at $23each 253
Cost of Goods Available for Sale $603
Less Ending Inventory 138
Cost of Goods Sold $465
b) Ending Merchandise Inventory and Cost of Goods Sold under LIFO:
Beginning Inventory, 17 units at $15each $255
Plus Purchases:
June 12 Purchase, 5 units at $19each 95
June 24 Purchase, 11 units at $23each 253
Cost of Goods Available for Sale $603
Less Ending Inventory 90
Cost of Goods Sold $513
c) Ending Merchandise Inventory and Cost of Goods Sold under Weighted Average:
Beginning Inventory, 17 units at $15each $255
Plus Purchases:
June 12 Purchase, 5 units at $19each 95
June 24 Purchase, 11 units at $23each 253
Cost of Goods Available for Sale $603
Less Ending Inventory 109.62
Cost of Goods Sold $493.38
2. Ending Inventory = 6 units (17 units + 5 - 14 + 11 - 13)
FIFO LIFO Weighted Average
Ending Inventory value = $23 *6 = $138; $15 *6 = $90; $18.27 *6 = $109.62
Weighted Average = Cost of Goods Available for Sale / Quantity Available for Sale = $603/33 = $18.27 per unit
Explanation:
FIFO: First In, First Out: This is a method of costing inventory which assumes that goods remaining in stock are those that were brought in last. This means that goods are sold out according to the time they are bought, with earlier bought goods being sold before later bought goods.
LIFO: Last In, First Out: This costing method assumes that goods that are sold are those that were bought later leaving those bought earlier to remain in stock. The entity using this method exhausts the last quantity bought before selling the earlier quantities.
Weighted Average: This is another technique which weighs the averages of the cost of inventory before determining the value of inventory. The weighted average method divides the cost of the goods available for sale by the number of those units still on the shelf. The result is the weighted average cost per unit, which can be used to assign a cost to both the ending inventory and the cost of goods sold.
The second step of writing a career action plan is to: perform an informational interview. list all work experience. list and analyze the results of self-assessments. make short term goals.
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The second step of writing a career action plan is to make short term goals. The Option D is correct.
What is the significance of career action plan?A career action plan refers to a roadmap that guide someone from the starting point in your career to a place where you feel like you're truly advancing. For example, the plan can help you choose an occupation and then guide you to getting a job and advancing in your career.
Career action plan is also referred to as an Individualized Career Plan or an Individualized Career Development Plan which will help you reach your career goals.
In essence, the timeline for achieving one's career action plan goals should start with your short-term ones and end with your primary objective. We need to be flexible as career action plan can always change.
Full question "The second step of writing a career action plan is to: a. perform an informational interview. b. list all work experience. c. list and analyze the results of self-assessments. d. make short term goals.
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discuss a few areas for application of quantitative analysis in your organization or organization you are familiar with for decision making
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The few areas for application of quantitative analysis in your organization or organization you are familiar with for decision making is given below:
There are many areas where quantitative analysis can be applied in organizations for decision making. Here are a few examples:
Operations analysis: Organizations can use quantitative analysis to optimize their operations and make informed decisions about resource allocation, production, and supply chain management. This might involve analyzing data on demand, capacity, efficiency, and costs.Lastly, Risk management: Quantitative analysis can be used in risk management to identify and quantify potential risks and to develop strategies for mitigating those risks. This might involve analyzing data on historical trends, industry benchmarks, and statistical models.
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