Answer:
Option B is the correct answer.
Explanation:
Option B is correct because when a firm produces or manufactures the product then various types of costs are associated with that product like variable costs, fixed costs, etc. Profit is the main motive of every firm so the manager decides the price of the commodity in such a way that it can compete in the market and generate revenue for the firm. Therefore, it is the responsibility of the manager to look after the pricing strategy at which the product has to sell.
Who might an HR professional turn to for help in making good use of external
recruitment sources?
OA. A recruitment agency
OB. A corporate manager
OC. A guidance counselor
O D. An advertising firm
A recruitment agency is a source to which the HR professional turn to for help in making good use of external recruitment sources. Thus, option A is appropriate.
Identification, attraction, interviewing, selection, hiring, and onboarding of personnel are all included in the recruitment process. Put it another way, it covers everything from identifying a staffing requirement to meeting it. Various employees are in charge of recruiting, depending on the size of the company.
The entire process of finding, sourcing, screening, shortlisting, and interviewing people for positions within an organization is known as recruitment. The selection of candidates for unpaid positions is another step in the recruitment process.
Thus, option A is correct.
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employees benfit and service
Explanation:
Medicare and social security contributions. ...
Worker's compensation insurance. ...
Minimum wage and overtime pay. ...
Health insurance. ...
Medical and family leave. ...
Disability insurance. ...
Wellness programs. ...
Commuter benefits.
Solution : (Valuing preferred stock) Kendra Corporation’s preferred shares are trading for $25 in the market and pay a $4.50 annual dividend. Assume that the market’s required yield is 14 percent. a. What is the stock’s value to you, the investor? b. Should you purchase the stock?
A. The stock's value to the investor is $32.14.
B. Yes, the investor should purchase the stock as it is trading at a price lower than its value.
a. The stock’s value to you, the investor:
The annual dividend of the Kendra Corporation's preferred shares = $4.50
The market price of the stock = $25
Market's required yield = 14%
To calculate the stock's value to an investor, we use the formula:
P=D/R
Where,
P = stock’s value to you, the investor
D = Annual dividend
R = Required yield of the market
By putting the given values, we have: P= 4.5/0.14P= 32.14
Hence, the stock's value to the investor is $32.14.
b. Should you purchase the stock:
Yes, the investor should purchase the stock as it is trading at a price lower than its value. Since the stock's value to an investor is greater than its current market price, this is considered a good investment opportunity. Therefore, the investor should purchase the stock.
A brief explanation: Since the stock's market price is lower than its actual value, it indicates that the investor will receive a higher yield on the investment if they purchase the stock. In other words, the difference between the stock's market price and its value represents a discount for the investor. Therefore, it is a good investment opportunity.
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Which of these statements is true about the drug utilization management (UM) rules?
Answer: Prior authorization quantity limit and step therapy are some examples of the coverage rules
Explanation:
The statement 'prior authorization, quantity limit, and step therapy are some examples of the coverage rules" is true. Drug utilization management (DUR) is a set of methods used to ensure the appropriate use of medications.
These methods can include prior authorization, quantity limits, and step therapy.
Prior authorization is a process where a health plan requires the prescriber to obtain approval from the plan before a medication can be dispensed. This is typically used for high-cost or high-risk medications.
Quantity limits are restrictions on the amount of medication that a patient can receive in a given period of time. This is typically used to prevent patients from stockpiling medications or using them for purposes other than what they are intended for.
Step therapy is a process where a patient must try one or more less expensive or less invasive treatments before they can be prescribed a more expensive or more invasive treatment. This is typically used to ensure that patients are only using the most appropriate treatment for their condition.
The UN does not have specific rules on DUR, but many countries have their own regulations. These regulations are designed to ensure that patients have access to safe and effective medications, while also preventing the misuse of medications.
Therefore, the given statement is true.
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Your question is incomplete, most probably the complete question is :
The statement is about the drug utilization management UN rules. true or false?
prior authorization quantity limit and step therapy are some examples of the coverage rules
In 2020, a company receives advance payments from its customers. The company will deliver the products in 2021. At the end of 2020, the company will __________ related to this transaction (enter 1, 2, 3, or 4 that represents the correct answer).
1. record a deferred tax asset
2. record a deferred tax liability
3. have a permanent difference
4. report no difference between financial income and taxable income for 2020.
Answer:
In 2020, a company receives advance payments from its customers. The company will deliver the products in 2021. At the end of 2020, the company will ____1______ related to this transaction (enter 1, 2, 3, or 4 that represents the correct answer).
1. record a deferred tax asset
Explanation:
For having paid income tax in 2020 on the cash received for deferred revenue, the company will record a deferred tax asset. This deferred tax asset will then be offset in 2021 when the sales revenue will be recorded according to the financial income accounting. Deferred tax asset arises from the overpayment or advance payment of taxes. The opposite of a deferred tax asset is called a deferred tax liability, representing income tax owed, which will be settled in the coming years.
Delicious Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months, $1,500 May 5: Received and paid electricity bill, $190 May 9: Received cash for meals served to customers, $2,400 May 14: Paid cash for kitchen equipment, $2,500 May 23: Served a banquet on account, $2,000 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, $1,700 May 31: Recorded depreciation for May on kitchen equipment, $340
Question Completion:
If Delicious Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign.
Answer:
Delicious Catering
Using the Accrual method, Delicious Catering would have recorded for the month a net income of $1,670.
Explanation:
Data and Calculations:
Prepaid Rent for 3 months = $1,500
Rent expense for the month = $500 ($1,500/3)
Utilities expense = $190
Service Revenue:
Cash for meals = $2,400
Credit 2,000
Total $4,400
Salary Expense = !,700
Depreciation expense = $340
Kitchen Equipment = $2,500
Income Statement for the month of May:
Service Revenue $4,400
Expenses:
Rent $500
Utilities expense 190
Salary expense 1,700
Depreciation expense 340
Total expenses $2,730
Net Income $1,670
Which example best explains the concept of government failure?
A. a failure of governments to meet budgetary needs
B. when government decisions lead to inefficient outcomes
C. the situation in which rebels overtake an established government
D. cessation of government business due to lack of funding
Answer:
D
Explanation:
The best justify the statement was the concept of government failure is cessation of government business due to lack of funding. Thus, option (d) is correct.
What is government?
The term "government" refers to a legal responsibility or system that is managed and directed by an office, public sector, country, or state. the government imposed the law. The government is keeping a close eye on the public's actions. The government imposed the taxes and laws.
The government are the fail to the main reasons such as economic improper budgeting. The government are the sometimes not performing well in the period of the crises. On the another causes was the corruption. Due to the lack of improper money as the business not run as the reason was the funding.
As a result, the government failure in example cessation of government business due to lack of funding. Therefore, option (d) is correct.
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2. Adama Garment which is operating in Adama currently has opened four new stores in Ethiopia. Data on monthly sales volume and labor hours are given below for each town. Which store location has the highest labor productivity?
Store
Bale-robe
Hawassa
Nekemt
Dahirdar
Sales volume
12000birr
60000birr
40000birr
25000birr
Labor hours
60
500
250
200
3. Adama Garment accountant (from Problem 2) suggests that monthly rent and hourly wage rate also be factored into the productivity calculations.
Hawassa pays the highest average wage at birr 6.75 an hour. Bale-Robe pays birr
6.50 an hour, Nekemte birr 6, and Bahirdar birr 5.50. The cost to rent store space
is birr 2000 a month in Hawassa, birr 800 a month in Nekemte, birr 1200 a month
in Bale-Robe, and birr 1500 a month in Bahirdar.
Which store is most productive?
Adama garment general manager is not sure it can keep all four stores open. Based on multifactor productivity, which store would you close? What other factors should be considered?
Adama Garment's Bale-robe store has the highest labor productivity. It generates 200 birr per labor hour, followed by Hawassa (40 birr/hour), Nekemt (16 birr/hour), and Dahirdar (12.5 birr/hour).
How to solveTo calculate labor productivity, we divide the monthly sales volume by the labor hours. Bale-robe has the highest labor productivity because it generates the most sales per labor hour.
Here is the table showing the labor productivity of each store:
Store Sales volume (birr) Labor hours Labor productivity (birr/hour)
Bale-robe 12,000 60 200
Hawassa 60,000 500 40
Nekemt 40,000 250 16
Dahirdar 25,000 200 12.5
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Anita wants to start an online business and not use her real name. What type of form
will Anita need to complete when opening a business? Choose the answer.
corporation
franchise
DBA (doing business as)
trademark
Answer:
trademark
Explanation:
Question 3 a. In choosing a supplier of raw materials for operations, there are a number of factors that need to be considered. Mention any three (3) of such factors.
When choosing a supplier of raw materials for operations, it's important to consider a variety of factors to ensure that you're making the best decision for your business. The factors are Quality, Price, Delivery time and reliability.
Below are three of such factors to consider:
1. Quality: The quality of the raw materials is a vital factor that you should consider when selecting a supplier. The quality of the raw materials will influence the quality of the finished goods produced. As a result, you'll need to ensure that the supplier you choose provides consistent, high-quality raw materials that meet your specifications.2. Price: Cost is an important factor to consider when selecting a supplier. You should ensure that the supplier is providing you with high-quality raw materials at a reasonable cost. It's also important to note that the cheapest supplier may not always be the best option, as quality may be compromised.3. Delivery time and reliability: It's critical to consider the delivery time and reliability of the supplier. The supplier should be able to deliver the raw materials on time and as agreed upon. Delayed deliveries can disrupt your operations, and if they occur frequently, they can damage your business reputation. Reliability is also important to ensure consistent supply and avoid running out of raw materials.For more such questions on supplier
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Where must food handlers dispose of waste water?
Answer:
Must be dispose in a sanitary sewer
Explanation:
Can not be in a storm drain or on surface ground
The food handlers dispose of waste water must be disposed into a sanitary sewer and never on the surface of the ground or in a storm drain.
Food that is safe to eat does not have any negative health effects after consumption. Consumers believe that the food they buy is safe and of the highest quality. The proper construction, maintenance, and operation of a food establishment protects the general public from unsafe food.
Queensland's food regulatory framework is in place to ensure that all food businesses address these issues, and there are severe penalties for food businesses that do not comply with the law.
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12. In this regard three types of policy can be distinguished gravity push and pull. Pull is
a) non promotion in that the international marketer merely sells to an intermediary and lets the product find its own way to ultimate consumers and users. b) geographic distance together with imperfections in existing communication media
c)one of promotion through the marketing channel
d)one whereby distribution is bought by establishing consumer demand
Three types of policy can be distinguished gravity push and pull.
a) non promotion in that the international marketer merely sells to an intermediary and lets the product find its own way to ultimate consumers and users.- This is Gravity pull
b) geographic distance together with imperfections in existing communication media- This is Gravity push
c) one of promotion through the marketing channel - This is Gravity pull
d)one whereby distribution is bought by establishing consumer demand -This is Gravity pull
The business policy of gravity pull and push is done on the market structure and considering internal or external environment of the business.
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QUESTION 1 of 10: budget is a tool that keeps track of the amount of money you have in your budget, expressed as how much you have left :
Declining
Zone
Realistic
Sample
The budget as a financial planning tool for tracking the amount of money available for spending can be expressed as always A. declining.
What is a budget?A budget is an estimation of revenue (or income) and expenses (or expenditure) over a specified future period.
A budget is a financial guideline used by governments, businesses, and individuals to keep track of income and expenditure.
It remains an important financial planning tool to ensure that one's spending does not overrun the income.
Thus, a budget can be expressed as always A. declining, not realistic, sample, or zone.
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On June 30, 2021, Georgia-Atlantic, Inc. leased a warehouse equipment from IC Leasing Corporation. The lease agreement calls for Georgia-Atlantic to make semiannual lease payments of $559,946 over a four-year lease term, payable each June 30 and December 31, with the first payment at June 30, 2021. Georgia-Atlantic's incremental borrowing rate is 10%, the same rate IC uses to calculate lease payment amounts. Amortization is recorded on a straight-line basis at the end of each fiscal year. The fair value of the equipment is $3.8 million. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
Required:
1. Determine the present value of the lease payments at June 30, 2021 that Georgia-Atlantic uses to record the right-of-use asset and lease liability.
2. What pretax amounts related to the lease would Georgia-Atlantic report in its balance sheet at December 31, 2021?
3. What pretax amounts related to the lease would Georgia-Atlantic report in its income statement for the year ended December 31, 2021?
(For all requirements, enter your answers in whole dollars and not in millions. Round your final answers to the nearest whole dollar.)
1. Present value
2. Pretax amount for liability Pretax amount for right-of-use asset
3. Pretax amount for interest expense Pretax amount for amortization expense
Answer:
1. $3,800,001
2. Pretax amount of liability $2,842,112
Pre tax amount of right to use asset $3,325,000
3. Pre tax amount of interest expense $162,003
Pre tax amount of amortization expenses $475,000
Explanation:
1. Calculation for the Present value
Using this formula
PV of minimum lease payments used to record right to use assets = Semi Annual lease payments * Cumulative PV Factor of annuity due for 8 periods at 5%
Where,
Semiannual lease payment = $559,946
Total semiannual payments = 4*2 = 8
Incremental borrowing rate = 10%, 5% semiannual
Let plug in the formula
PV of minimum lease payments used to record right to use assets= $559,946 * 6.78637
PV of minimum lease payments used to record right to use assets= $3,800,001
Therefore the Present value will be $3,800,001
2. Calculation for the Pretax amount for liability and Pretax amount for right-of-use asset
Calculation for Pretax amount of liability
First step is to calculate the Pretax amount of liability on 30.06.2021
Pretax amount of liability on 30.06.2021 = ($3,800,001 - $559,946)
Pretax amount of liability on 30.06.2021= $3,240,055
Second step is to calculate the Interest expense for 31.12.2021
Interest expense for 31.12.2021 = $3,240,055 * 5%
Interest expense for 31.12.2021= $162,003
Now let calculate the Pre tax amount for liability December 31, 2021
Pre tax amount for liability December 31, 2021 = $3,240,055 + $162,003 - $559,946
Pre tax amount for liability December 31, 2021= $2,842,112
Therefore The Pre tax amount for liability December 31, 2021 will be $2,842,112
Calculation for Pre tax amount of right to use asset
First step is to calculate the Depreciation on right to use assets for 2021
Depreciation on right to use assets for 2021 = $3,800,000 / 4 * 6/12
Depreciation on right to use assets for 2021 = $475,000
Now let calculate the Pre tax amount of right to use asset to be reported for 2021
Pre tax amount of right to use asset to be reported for 2021 = $3,800,000 - $475,000
Pre tax amount of right to use asset to be reported for 2021 = $3,325,000
Therefore Pre tax amount of right to use asset to be reported for 2021 will be $3,325,000
3. Calculation for Pretax amount for interest expense Pretax amount for amortization expense
Calculation for Pretax amount for interest expense
Pre tax amount of interest expense = $3,240,054 * 5%
Pre tax amount of interest expense= $162,003
Therefore the Pre tax amount of interest expense will be $162,003
Calculation for Pre tax amount of amortization expenses
Pre tax amount of amortization expenses = $3,800,000 / 4 * 6/12
Pre tax amount of amortization expenses = $475,000
Therefore The Pre tax amount of amortization expenses will be $475,000
Goods or services are limited after a natural disaster or during times of war. Which economy can be described as the best type to serve its citizens when taking scarcity into account?
A note payable was issued in payment for services received. The services had a fair value less than the face amount of the note payable. The note payable has no stated interest rate. How should the note payable be presented in the statement of financial position?
Your Answer:
a. At the face amount.
b. At the face amount with a separate deferred asset for the discount calculated at the imputed interest rate.
c. At the face amount with a separate deferred credit for the discount calculated at the imputed interest rate.
d. At the face amount minus a discount calculated at the imputed interest rate
Answer:d. At the face amount minus a discount calculated at the imputed interest rate
Notes issued or received in exchange for goods or services that do not bear interest at a fair rate are reported at an amount equal to the fair value of the note, the fair value of the goods or services, or the present value of the note using a fair interest rate, whichever is more readily determinable. Regardless of which method is used to value the note, the difference between the recorded amount and the face value is considered a discount and the applicable interest rate, referred to as the imputed rate, is the rate at which the present value of the face amount of the note will be equal to the amount at which it is originally recorded. As a result, the note is reported at its face amount minus a discount calculated at the imputed interest rate.
The note payable be presented in the statement of financial position should be at the face amount minus a discount calculated at the imputed interest rate.
What exactly is a financial statement?An annual financial statement is a report that shows the financial activities and performance of a company. It is used by lenders and investors to ascertain the financial health and earnings potential of the company. Financial reports can cover any period of time, but are most commonly produced at the end of the month, quarter, or year.
In accounting the basic financial statements are:
Balance sheet: A snapshot of a company's financial position at a point in time, showing what it owns (assets) and what it owes (liabilities). Income Statement: Also known as Income Statement, this report shows the company's income and expenses. Cash flow statement: Also known as a cash flow statement, this report shows changes in a company's cash receipts and payments over a period of time. Statement of Changes in Equity: Also known as the Statement of Shareholders' Equity or Statement of Retained Earnings, this report shows the amount the company is keeping (as opposed to paying out to shareholders or owners).Notes should be included in the financial statements. The nominal value minus the discount is determined using the imputed interest rate. Therefore, the correct choice is (d) face value less the discount calculated at the imputed interest rate.
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The postal service of St. Vincent, an island in the West Indies, recently introduced a limited edition deluxe souvenir sheet priced at $15.00 each. The initial market response was quite positive, with an increase in unit sales compared to the regular souvenir sheets. The postal service sold a total of 50,000 units of the deluxe souvenir sheet.
Based on the given information, calculate the following:
What was the postal service's increase (decrease) in total contribution margin when it sold 50,000 deluxe souvenir sheets at $15.00 each, compared to selling 80,000 regular souvenir sheets at $8.00 each?
By what percentage did the St. Vincent post office increase the selling price for the deluxe souvenir sheet compared to the regular souvenir sheets? Additionally, calculate the percentage increase in unit sales for the deluxe souvenir sheet compared to the regular souvenir sheets. (Round your answers to one-tenth of a percent.)
If the postal service wants to maintain the same total contribution margin per unit for the deluxe souvenir sheets as it did for the regular souvenir sheets, what selling price should they set for the deluxe souvenir sheet? (Round your answer to the nearest whole dollar.)
Calculate the number of deluxe souvenir sheets the postal service would need to sell at the price determined in question 3 to equal the total contribution margin earned by selling 80,000 regular souvenir sheets at $8.00 each. (Round your answer to the nearest whole number.)
Please show your calculations and provide explanations for each answer.
1. the postal service experienced an increase in total contribution margin of $7.00
2. The unit sales for the deluxe souvenir sheets decreased by 37.5% compared to the regular souvenir sheets.
3. The postal service should set the selling price for the deluxe souvenir sheet at $15.00
4. The exact number of deluxe sheets is 45.
Calculation of the increase (decrease) in total contribution margin:
The contribution margin is calculated as the selling price minus the variable cost per unit. Given the information, we have:
Selling price of regular souvenir sheets: $8.00
Selling price of deluxe souvenir sheets: $15.00
Number of regular souvenir sheets sold: 80,000
Number of deluxe souvenir sheets sold: 50,000
To calculate the increase (decrease) in total contribution margin, we need to compare the contribution margin of the two scenarios:
Contribution margin regular souvenir sheets = Selling price - Variable cost
= $8.00 - Variable cost
Contribution margin deluxe souvenir sheets = Selling price - Variable cost
= $15.00 - Variable cost
To find the increase (decrease), we'll subtract the contribution margin of regular souvenir sheets from that of deluxe souvenir sheets:
Increase (decrease) in contribution margin = Contribution margin deluxe - Contribution margin regular
= ($15.00 - Variable cost) - ($8.00 - Variable cost)
= $15.00 - $8.00
= $7.00
So, the postal service experienced an increase in total contribution margin of $7.00 when selling 50,000 deluxe souvenir sheets compared to selling 80,000 regular souvenir sheets.
2. Calculation of the percentage increase in selling price and unit sales:
Percentage increase in selling price = [(Selling price deluxe - Selling price regular) / Selling price regular] * 100
= [(15.00 - 8.00) / 8.00] * 100
= 87.5%
Therefore, the St. Vincent post office increased the selling price for the deluxe souvenir sheet by 87.5% compared to the regular souvenir sheets.
Percentage increase in unit sales = [(Unit sales deluxe - Unit sales regular) / Unit sales regular] * 100
= [(50,000 - 80,000) / 80,000] * 100
= -37.5%
The unit sales for the deluxe souvenir sheets decreased by 37.5% compared to the regular souvenir sheets.
3. Calculation of the selling price for the deluxe souvenir sheet to maintain the same total contribution margin per unit:
To maintain the same total contribution margin per unit, the selling price for the deluxe souvenir sheet should be equal to the selling price for the regular souvenir sheet plus the increase in contribution margin per unit:
Selling price deluxe = Selling price regular + Increase in contribution margin
= $8.00 + $7.00
= $15.00
So, the postal service should set the selling price for the deluxe souvenir sheet at $15.00 to maintain the same total contribution margin per unit.
4. Calculation of the number of deluxe souvenir sheets to be sold to equal the total contribution margin earned from selling 80,000 regular souvenir sheets:
Total contribution margin from selling regular souvenir sheets = Contribution margin regular * Number of regular sheets sold
= ($8.00 - Variable cost) * 80,000
To calculate the number of deluxe souvenir sheets to be sold, we'll set the total contribution margin equal to that of regular sheets and solve for the number of deluxe sheets:
Contribution margin deluxe * Number of deluxe sheets = Contribution margin regular * Number of regular sheets
($15.00 - Variable cost) * Number of deluxe sheets = ($8.00 - Variable cost) * 80,000
Simplifying the equation:
Number of deluxe sheets = (Contribution margin regular * Number of regular sheets) / (Contribution margin deluxe)
= ($8.00 - Variable cost) * 80,000 / ($15.00 - Variable cost)
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1
(60 marks)
Question 1
The Advtech Group is a JSE listed company in South Africa. Advtech operates within the
education and recruitment industries in South Africa and the rest of Africa.
JSE 100 is an index on the Johannesburg Stock Exchange, Advtech is a constituent of
JSE 100 its weight in the index is given in table 1 above.
.1 Consider an investor with a portfolio consisting only of Advtech shares. The Treasury bill
rate in 2014 was 3.06% in South Africa. Using dividend yield as (returns). Calculate the
Sharpe ratio for Advtech.
(20 marks)
cabine for an investor whohout Adutech shares on 2 lanuary
Answer:
80 (mark)only answer this
Susan is the manager of a Burger King store. Which of the following actions would lead you to believe that Susan is not a modern manager?Susan trains her employees in customer service and tells them that they can decide how to resolve customer complaints. Susan tells her employees they will receive bonuses if they do their work according to company guidelines Susan asks her employees to work as a collaborative team, rather than being individual producers, Susan provides her employees with the resources they need to do their jobs effectively,
Susan is a branch manager at Burger King. Susan encourages her staff to work as a team and not as individual producers, which would mean that Susan is not a modern day manager. Option C is correct.
What is most important for a team working together?
Employees should be encouraged to share ideas, suggestions and concerns and to listen to each other in a collaborative work environment. Better teamwork, which translates into increased trust and, more importantly, increased team productivity.
What is the purpose of teamwork?
Your team's ability to collaborate and solve problems improves. This leads to more creativity, more efficient processes, more results and better communication. You can help each other achieve your goals by listening and learning from other team members.
Question is incomplete:
Susan is the manager of a Burger King store. Which of the following actions would lead you to believe that Susan is not a modern manager?
A. Susan trains her employees in customer service and tells them that they can decide how to resolve customer complaints.
B. Susan tells her employees they will receive bonuses if they do their work according to company guidelines
C. Susan asks her employees to work as a collaborative team, rather than being individual producers,
D. Susan provides her employees with the resources they need to do their jobs effectively,
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Does a depression always follow a recession?
Yes, the trough is always considered a depression.
No, a depression is indicated when the recession is exceptionally long.
Yes, for recovery to occur, the trough must be reached.
No, the economy could decline quickly and bypass recession.
Answer: No, a depression is indicated when the recession is exceptionally long.
Explanation:
Sandra’s Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sandra's Purse Boutique uses a periodic inventory system.
Date Transactions Units Unit Cost Total Cost
October 1 Beginning inventory 6 $ 790 $ 4,740
October 4 Sale 4
October 10 Purchase 5 800 4,000
October 13 Sale 3
October 20 Purchase 4 810 3,240
October 28 Sale 7
October 30 Purchase 8 820 6,560
$ 18,540
3. Using LIFO, calculate ending inventory and cost of goods sold at October 31
The cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.
The LIFO method (last-in, first-out) of inventory valuation requires that the most recent purchases of inventory be used first in the cost of products sold and ending inventory calculations. The ending inventory and cost of products sold at the end of October will be calculated using the LIFO method, based on the data given in the table.Based on the data given, the total units sold is 14, and the total units purchased is 17. Here's how to calculate the ending inventory and cost of products sold using the LIFO method:Step 1: The last purchase of 8 units at a cost of $820 each on October 30 is deducted from the inventory count, leaving 9 units.Step 2: The previous purchase of 4 units at a cost of $810 each on October 20 is deducted from the inventory count, leaving 5 units.Step 3: The next purchase of 5 units at a cost of $800 each on October 10 is deducted from the inventory count, leaving 0 units.Step 4: Based on the LIFO method, the cost of the ending inventory is the sum of the cost of the oldest units remaining in stock, which is 4 units at a cost of $790 each on October 1, totaling $3,160.Step 5: Based on the LIFO method, the cost of goods sold (COGS) is calculated by adding the total cost of units sold, which is 14 units at a cost of $820 each on October 30, 4 units at a cost of $810 each on October 20, and 5 units at a cost of $800 each on October 10, totaling $17,260.Therefore, the cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.For more questions on cost of goods sold (COGS)
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Discrimination in the workplace is against "the golden rule" and also
Answer:
Discrimination in the workplace is against "the golden rule" and also generates situations of tension and conflict within the work environment, which ends up affecting the labor production of each individual, and therefore the economic benefits of the company.
In other words, discrimination in the workplace not only has ethical and moral connotations, which implies an undeserved mistreatment of a person, but that, in the workplace, the conflict that such discrimination generates may end up affecting the company's own economic production or entrepreneurship.
In May 2019, the FBI arrested a group of mafia leaders for a series of scams that cost investors millions. The claim was that the mob bought large stakes in small companies and then bribed and coerced brokers to promote the stocks at inflated prices. This is known as _____.
The form of illegitimate business that is being practiced by this arrested group of mafia leaders is known as a Ponzi scheme.
What is a Ponzi scheme?
A Ponzi scheme can be defined as a form of fraudulent business in which the owners lure unsuspecting victims (investors) to invest certain amount of money with the promise to pay them a certain percentage as returns, especially by taking more money from new set of investors.
This ultimately implies that, a Ponzi scheme is fostered by the payment of quick returns to the earlies investors, so as to lure other investors. Also, it may involve paying bribe and coercing brokers to promote the their stocks at inflated prices.
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1. Aflac Duck
O Trademark
O Patent
O Copyright
what do you mean byv painting
Answer:
i don't know
really
Explanation:
which of the following should not be recorded in income and expenditure account?
a.sale of old newspaper.
b.loss on sale of asset .
c.honorarium paid to the secretary .
d.Sale proceeds of furniture
Answer:
C. honorarium paid to the secretary
Explanation:
John is a math whiz who enjoys working hard. While he can collaborate, he prefers to work alone. Which of the following marketing careers would be the best fit for Johns skills.
A.Graphic Designer
B.Marketing research analyst
C.Public Relations Professional
D.Sales Representative
After analyzing the scenario, the best-fit marketing career for Johns's skills would be Marketing research analyst. Thus, option 'B' is the correct option.
What is a Marketing research analyst?Analysts of market research collect and examine consumer and competitor data. To determine the likelihood that a good or service will be purchased, market research experts examine customer preferences, economic conditions, and other variables. They assist businesses in determining who will buy certain things and at what price. If you enjoy working in a position that rewards analytical, collaborative, creative, and critical thinking abilities, a job in market research is a great fit.
Market researchers get to be at the cutting edge of business trends. Because they work set hours and get weekends off, many marketing analysts are able to maintain a healthy work-life balance. Due to the fact that most businesses require their services, they also frequently have good job security.
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What is the requirement for this monopoly to be classified as an artificial monopoly
An artificial monopoly is an huge organization that manages to push all of its rivals out of business while still remaining the only producer in the industry, despite having no competitive advantage over smaller companies in terms of production efficiency.
A monopoly that is produced by outside pressures, such as governmental rules or exclusive contracts, as opposed to by organic market dynamics is referred to as an artificial monopoly.
Artificial monopolies are caused by outside forces that restrict competition, as opposed to natural monopolies, which develop as a result of a specific industry's intrinsic qualities.
As a result, the significance of the requirement for this monopoly to be classified as an artificial monopoly is the aforementioned.
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The Power of Color! 1 am going to show you some colors. For each one, write down the FIRST company or product that comes in to your head when you see the color. What's the FIRST BRAND you think of when you see these colors? RED- BLUE- BLACK- YELLOW- ORANGE- a GREEN-
To understand the power of color in relation to brands, we can associate each color given with a brand that uses that color:
Red: Coca-Cola.Blue: Linked In.Black: Nike.Yellow: McDonalds.Orange: Nickelodeon.Green: Seven Up.Power of color
The power of color in relation brands means that colors have the power to represent emotions in the people who consume brands. Colors can even change your mood or make you feel something specific.
For example, red is often related to stimulation, which can be related to hunger and that is why a brand like Coca-Cola could have selected the red color to identify their brand.
The same thing happens with every color, blue is identified with reliability because it resembles the sky, black with luxury, yellow with positivity because it resembles the sun, orange is related to warmth and green with nature (in the case of Seven Up, it can mean that it is the 'most natural' one of the sodas because it has lemon).
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Harrison Hardware just purchased 3 new cash registers. Each cash register cost $1,800 and has an estimated
life of 5 years. The trade-in value of each cash register is expected to be $100 at the end of 5 years. Using the
straight-line method, what is the annual depreciation for all three cash registers?
The annual depreciation for all three cash registers is $1,020. The total amount of depreciation expenses attributed to a specific asset since the asset was used is known as accumulated depreciation.
It is a contra asset account, meaning that the amount in the asset account to which it is often linked is offset by the balance in the counter asset account.
The same amount that is credited to the accumulated depreciation account whenever a company records depreciation expenses allows the company to show both the asset's cost and total depreciation. Additionally, this displays the asset's net book value on the balance sheet.
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