Answers
Answer:
Explanation:dollar
Related Questions
In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: (1) 400 units at $7 on January 1, (2) 600 units at $10 on January 8, and (3) 930 units at $11 on January 29. Assume 1,130 units are on hand at the end of the month. Calculate the cost of goods available for sale, cost of goods sold, and ending inventory under the (a) FIFO, (b) LIFO, and (c) weighted average cost flow assumptions. Assume perpetual inventory system and sold 800 units between January 9 and January 28. (Round your intermediate calculations to 2 decimal places.)
Answers
Answer:
(a) FIFO
Cost of Goods Sold = $6,800
Ending Inventory = $12,230
(b) LIFO
Cost of Goods Sold = $7,400
Ending Inventory = $11,630
(c) weighted average cost
Cost of Goods Sold = $7,040
Ending Inventory = $11,990
Explanation:
Perpetual inventory method ensures that cost of sales and inventory value is determined after each and every transaction.
FIFO
This method assumes that the units to arrive first, will be sold first. This means the cost of sales is based on the earlier (old) prices and inventory valuation is based on recent (later) prices.
Cost of Goods Sold = 400 x $7 + 400 x $10 = $6,800
Ending Inventory = 200 x $10 + 930 x $11 = $12,230
LIFO
This method assumes that the units to arrive last , will be sold first. This means the cost of sales is based on the recent (later) prices and inventory valuation is based on earlier (old) prices.
Cost of Goods Sold = 600 x $10 + 200 x $7 = $7,400
Ending Inventory = 200 x $7 + 930 x $11 = $11,630
Weighted Average Cost Method
A new unit cost is calculated with each and every purchase made. This new unit cost is then used to determine the cost of goods sold and the value of inventory.
New Unit Cost - 8 jan = (400 x $7 + 600 x $10) ÷ 1,000 = $8.80
New Unit Cost - 29 jan = (200x $8.80 + 930 x $11) ÷ 1,130 = $10.61
therefore,
Cost of Goods Sold = 800 x $8.80 = $7,040
Ending Inventory = 1,130 x $10.61 = $11,990
Bruckner Trusses wants to predict future operating costs and has learned that a cost equation can be derived using historical information. Bruckner’s Comptroller has gathered the following monthly operating costs from 2021 and her perceived understanding of what drives those costs follow each cost:
Month Maintenance Costs Machine Hours Health Insurance Number of Employees Shipping Costs Units Shipped
January $4,510 170 $8,570 63 $28,240 7,060
February $4,473 110 $8,570 73 $32,920 8,230
March $4,660 239 $8,570 89 $31,600 7,900
April $4,870 304 $8,570 102 $25,760 6,440
May $5,120 459 $8,570 84 $23,760 5,940
June $4,745 285 $8,570 85 $36,960 9,240
July $4,927 338 $8,570 88 $34,800 8,700
August $4,916 363 $8,570 80 $33,720 8,430
September $5,055 429 $8,570 90 $26,960 6,740
October $5,226 476 $8,570 101 $28,440 7,110
November $5,370 500 $8,570 91 $22,000 5,500
December $4,795 281 $8,570 101 $38,400 9,600
Required:
1. Which of the preceding costs is variable? Fixed? Mixed? Explain.
2. For any mixed or variable costs, plot those costs and determine if there is a cause-and-effect relationship with its perceived driver.
2. Using the high-low method, determine the cost function for each cost.
3. Combine the preceding information to get a monthly operating cost function for the Smith Corporation.
4. Next month, Smith expects to use 350 machine hours, have 90 employees, and ship 8,600 units. Estimate the total operating cost for the month.
Answers
1) Looking at the given data, maintenance costs, machine hours, shipping costs, and units shipped are variable costs.
2) Plotting the variable costs against their perceived drivers can help identify whether there is a cause-and-effect relationship between them.
1) The cost that varies based on changes in the level of activity is called a variable cost. Fixed costs remain constant regardless of the level of production or activity. Mixed costs contain elements of both variable and fixed costs like health insurance and shipping costs may be mixed costs as they have some fixed costs, such as salaries and rent, but also variable costs, such as insurance claims and shipping fees.
2) The Comptroller has identified four costs as variable, and it would be appropriate to plot these costs against their perceived drivers to determine if there is a cause-and-effect relationship. For example, maintenance costs could be plotted against machine hours, and shipping costs could be plotted against units shipped. If a strong correlation is found, it would suggest that these drivers have a direct impact on the costs. This would enable Bruckner Trusses to forecast costs more accurately and adjust production levels accordingly.
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The complete question is:
Bruckner Trusses wants to predict future operating costs and has learned that a cost equation can be derived using historical information. Bruckner’s Comptroller has gathered the following monthly operating costs from 2021 and her perceived understanding of what drives those costs follow each cost:
Required:
1. Which of the preceding costs is variable? Fixed? Mixed? Explain.
2. For any mixed or variable costs, plot those costs and determine if there is a cause-and-effect relationship with its perceived driver.
ɔw much did the unemployment rate grow from January 2020 to January 2021 due to the COVID-19 pandemic? (1 point)
O 0.8%
O 1.8%
O 2.8%
O 3.8%
Answers
The unemployment rate from January 2020 to January 2021 grew by D. 3.8%.
How did the unemployment rate grow ?From January 2020 to January 2021, the unemployment rate in the United States more than doubled from 3.6% in January 2020 to 6.3% in January 2021. This increase in unemployment was largely due to the economic impact of the pandemic, which led to business closures, reduced hours, and job losses across many industries.
In addition to the official unemployment rate, there were many other workers who experienced reduced hours or dropped out of the labor force entirely, so the overall impact of the pandemic on employment was even greater than reflected in the official statistics.
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Answer: 1. your emergency fund
2. Reduce casual spending and increase savings until your emergency fund has been paid back.
3. tracking your spending
4. a private foundation
5. 60%
6. a bank savings account
7. a high interest rate
8. the profit earned on the sale of an asset which has increased while it was owned
9. a fund that pools money from many investors to buy securities
10. owning dividend stocks
11. a type of account offered to employees at very little or no cost
12. SEC
13. NCUA
14. 2.8%
15. the money that a person or a country earns
16. water bill
17. your previous budget
18. You buy undervalued assets, which appreciate with time.
19. a stock market index made up of the 500 largest companies being traded in the U.S.
Step-by-step explanation: I took the same quiz and got 100%, hope it helps!
I'LL MARK BRAINLIEST
Which of the following describes the impact a few years of heavy rainfall would have on commodity prices?
- Crops would enjoy a longer planting season, and commodity prices would go down. - - Planting would be delayed, resulting in crop shortages, and commodity prices would rise.
- Crops would increase due to additional rainfall, and commodity prices would go down. - Planting would be delayed, limiting farmers’ risks, and commodity prices would rise.
Answers
Answer:
Crops would enjoy a longer planting season, and commodity prices would go down
Explanation:
Answer:
c
Explanation:
which speaker most supports the ideals of a market economy
Answers
Answer:
Speaker 2
Explanation:
2. In 2020, Leon Longrove sold a piece of business equipment that had an adjusted basis to him of $50,000 for $75,000 cash plus artwork that had a fair market value of $25,000. The buyer assumed Leon's $20,000 loan on the equipment. Leon paid $5,000 in selling expenses. What is the amount of Leon's gain on the sale
Answers
Answer:
Leon's gain = $65,000
Explanation:
Total consideration received by Leon = $75,000 (cash) + $25,000 (artwork) + $20,000 (loan assumed by buyer) = $120,000
Leon's total costs = $50,000 (equipment's basis) + $5,000 (selling expenses) = $55,000
Leon's gain = total consideration received - total costs = $120,000 - $55,000 = $65,000
The federal and most state judicial branches have at least these three levels in the court system:
district, circuit, and appellate.
district, appeals, and supreme.
trial court, intermediate appellate court, and highest appellate court.
chancery, district, and appellate.
Answers
The three levels in the court system are the district, appeals, and supreme courts. Both federal and some states have these three levels.
While the courts may go by various descriptions, the three levels established by both federal and states' judiciary are the district (trial) courts, courts of appeals (intermediate appellate courts), and the supreme courts.Cases brought to the federal or state courts originate from the district or trial courts. They can move on to the intermediate courts of appeal before reaching the supreme court.Note that there are cases that can be handled at either the federal or state courts. And individuals and entities are allowed to initiate court proceedings in the federal or state courts. But the Federal Supreme Court chooses the cases to review because it is specifically concerned with constitutional matters.
Thus, these three levels of the federal and most states' judicial branches help to adjudicate cases brought by parties.
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3. The demand for petrol rises from 500 to 600 Barrels when the price of a particular scooter is reduced from birr 25000 to birr.22000. Find out the cross elasticity of demand for the two. What is the nature of goods and relationship? The cross-price elasticity of demand is computed as:
Answers
Answer:
A. cross price elasticity of demand will be negative
Explanation:
Complement goods are goods demanded together. If the demand for one good increases, the demand for the other good increases. If the price of one good rises, the demand for the other good falls.
Cross price elasticity of demand measures the responsiveness of quantity demanded of one good to changes in price of another good.
The cross price elasticity for complements is negative because a rise in price for one good leads to fall in the quantity demanded of the other good.
I hope my answer helps you.
Explanation:
What generalization can be made according to the information from the USDA on agricultural productivity from 1948 to 2000?
A U.S.agricultural total factor productivity has decreased, while input has increased.U.S.agricultural total factor productivity has decreased, while input has increased.
B U.S. agricultural total factor productivity growth has exceeded agricultural input growth.U.S. agricultural total factor productivity growth has exceeded agricultural input growth.
C U.S. agricultural input has more than doubled in the last 50 years.U.S. agricultural input has more than doubled in the last 50 years.
D U.S. agricultural output has exceeded total factor productivity in the last 50 years.
Answers
The generalization that can be made according to the information from the USDA on agricultural productivity from 1948 to 2000 is B. U.S agricultural total factor productivity growth has exceeded agricultural input growth
What is agricultural productivitymResearch and development, extension, education, infrastructure, and government initiatives are the most significant sources of productivity change in agriculture.
The ability to produce enough food is a key element of food security. A significant strategy to reduce the amount of land required for farming and to slow environmental deterioration and climate change caused by processes like deforestation is to increase agricultural production through sustainable techniques.
In this case, the agricultural total factor productivity growth has exceeded agricultural input growth in the United States. This was due to the funding of the sector as well as the research and development.
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Which of the following will be shown
with an amortization table?
A. The decrease in interest paid over time.
B. The increase in interest paid over time.
C. The decrease in money needed over time.
D. The increase in money needed over time.
Answers
Answer: the answer is A
Explanation:
A: the decrease in interest paid over time
Because an amortization table show you how your payment breaks down to principal paid and interest paid, and will also keep track of how much principal you have left to pay
true/false. ct predicts that when taxpayers are taxed more, they will work harder to generate the same after-tax dollars, while the effect predicts they will engage in other pursuits since the marginal value of taxable activities has decreased.
Answers
This statement is False. The Laffer curve predicts that when taxpayers are taxed more, they will work less because the marginal value of taxable activities has decreased.
As taxes increase, the motivation to work decreases. At some point, higher taxes will lead to lower tax revenue because people choose to work less. This is known as the "tipping point". Conversely, the effect predicts that when taxpayers are taxed more, they will work harder to generate the same after-tax dollars. This is because people respond to higher taxes by working harder to replace lost income. This can lead to increased economic activity, which could potentially lead to higher tax revenues.
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The principle of self-reference is based on the idea that people won't deviate from the overall mission of their organization if they have been imprinted with it. In a chaotic system, the managers job is to verbalize the guiding mission and
a. add rules
b. define the mission
c. establish boundaries
d. Sternly discipline employees
Answers
Explanation:
In a chaotic system, the managers job is to verbalize the guiding mission and establish boundaries. Hence, option C is correct.
What is a chaotic system?Chaos theory states that although chaotic complex systems seem random, they in fact contain underlying patterns, linkages, ongoing feedback loops, repetition, self-similarity, fractals, and self-organization.
The only constant is the unexpected, complicated, and chaotic character of life itself. Equilibrium can only happen when someone passes away. At the same time as creation, there is also destruction. Chaos is a result of a myriad factors, rendering any attempts to control it useless.
It produces at least three different types of chaos, including sandwich, horseshoe, and Lorenzian chaos. It is possible to have two chaotic governments of this type running concurrently and interacting with one another like links in a chain.
Stability and chaos are two distinct concepts. Chaotic attractors are stable by definition.
Thus, option C is correct.
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A motorcycle worth Rs.29500 was sold at a loss of 40% after an accident.Find the loss and selling price.
Answers
Answer:
the selling price and the loss is Rs 73,750 and Rs 29,500 respectively
Explanation:
The computation of the loss and selling price is shown below:
The selling price is
= Rs 29,500 × 1 ÷ 0.40
= Rs 73,750
And, the loss is
= Rs 73,750 × 40%
= Rs 29,500
Hence, the selling price and the loss is Rs 73,750 and Rs 29,500 respectively
what contributes to an empolyee's self worth which in turn increases productivity and reduces absenteeism
Answers
Answer:
The factors that contribute to an employee's self-worth is thought to be linked to employees productivity, motivation, performance, job satisfaction, emotional stability, effective stress and conflict management.
Explanation:
The productivity of an employee, a business or an economy can be calculated based on its performance and efficiency. When we measure labour productivity, we compare a given output with the amount of labour required for that output.
On the other hand, Absenteeism is the behaviour of a person who is often absent when he should be present.
The concept of an employee's self-worth is being recognized for its vital role both in terms of identity formation and in adaptive terms. However, factors that contribute to an employee's self-worth is thought to be linked to employees productivity, motivation, performance, job satisfaction, emotional stability, effective stress and conflict management.
Opportunity cost is _____.
the cost of business itself
the cost of travel, entertainment and other activities that provide an opportunity for recreation
the cost of an alternative product or service that cannot be acquired because the available funds were used for another purpose
none of the above
Answers
Opportunity cost is the cost of an alternative product or service that cannot be acquired. Opportunity cost is frequently referred to as the second-best option.
The loss of gain that would have been realised if a different option had been chosen is sometimes product referred to as the alternative cost. The loss of benefit as a result of a change in choice is another way to explain it. The value of the next-highest-valued alternative use of a resource is what economists mean when they talk about its "opportunity cost." You cannot, for instance, read a book at home during the time you would have spent seeing a movie and spend the money you would have spent on something else.
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Which of the outcomes in are most appealing to you? Are you more attracted to extrinsic outcomes or intrinsic outcomes?
Answers
Extrinsic outcomes are external rewards such as money, status, or recognition that come from achieving a goal. These outcomes are appealing to some individuals because they provide tangible benefits and can be easily measured by others.
On the other hand, intrinsic outcomes are internal rewards such as personal satisfaction, a sense of accomplishment, or personal growth that come from achieving a goal. These outcomes are appealing to some individuals because they provide a deeper sense of fulfillment and can be more meaningful in the long-term.
Ultimately, whether someone is more attracted to extrinsic or intrinsic outcomes depends on their personal values and goals. Some people may prioritize external rewards and seek to maximize their income or social status, while others may prioritize personal growth and seek to achieve goals that align with their passions and values.
It is important to strike a balance between both types of outcomes and to find a sense of purpose and satisfaction in the goals that we pursue.
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Welcome to week four did you know there are there were different types of resumes read the following article about the main types of resumes and let me know what you think of them. I am interested to see which will draw you in.
Answers
The choice of resume format depends on your individual circumstances, industry norms, and the specific job you're applying for. It's essential to consider the expectations of potential employers and the impression you want to make.
Chronological Resume: This is the most traditional and widely used format. It lists your work experience in reverse chronological order, starting with the most recent job. It highlights your career progression and is suitable for those with a stable work history.
Functional Resume: This format focuses on your skills and qualifications rather than your work history. It highlights your relevant skills and achievements, making it suitable for individuals with employment gaps, career changes, or limited work experience.
Combination Resume: As the name suggests, this format combines elements of both the chronological and functional resumes. It emphasizes both your skills and work history, providing a comprehensive overview of your qualifications.
Targeted Resume: A targeted resume is tailored to a specific job or industry. It highlights the skills and experiences that are most relevant to the desired position, making it highly effective for showcasing your suitability for a particular role.
Creative/Infographic Resume: These types of resumes incorporate unique and visually appealing designs, graphics, and infographics. They are often used in creative fields where visual presentation is valued.
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Suppose a hotel has annual fixed costs applicable to its rooms of $2,000,000 for its 300-room hotel. Average daily room rents are $50 per room and average variable costs are $10 for each room rented. It operates 365 days per year. If the hotel is completely full throughout the year, what is the operating income for one year
Answers
Answer:
Explanation:
In order to calculate the operating income for one year we would have to make the following calculation:
operating income=revenue-variable costs-fixed costs
revenue=300*$50*365=$5,475,000
variable costs=300*$10*365=$1,095,000
fixed costs=$2,000,000
Therefore, operating income=$5,475,000-$1,095,000-$2,000,000
operating income=$2,380,000
The operating income for one year is $2,380,000
multiple choice
Which element of the balanced scorecard speaks to improving responsible
leadership?
Group of answer choices
1.Learning and growth
2.Financial
3.Customer
4.Business processes
Answers
hey, help me lol XD
Which headphones are better boAT or Samsung?
Answers
Answer:
Samsung
Explanation
Just better quality
Isaiah is in his 50s and currently does not have a retirement fund. However, he recently read a few articles about the insufficient savings of people in retirement and, as a result, he decides he wants to start now. He saves $500 per month for 15 years and earns 7% by investing in the stock market* through an index fund.
1. How much of the total did Isaiah contribute himself?
2. How much money did Isaiah make through compounded returns in this investment account?
Answers
Answer:
1255
Explanation:
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Why are many goods sold in the United States produced
overseas, often in several countries?
Answers
Question 11 (3 points)
When considering the costs and benefits of a decision, you should do something as
long as
a) the benefits are less than the costs
b) the costs are less than the benefits
c) the costs and benefits are both high
d) the costs and benefits are both low
Answers
Answer:b
Explanation:
I think it is
James has prioritized his career criteria, with the most important criteria listed first.
1. writing
II. $25,000 per year
I. travel
What job would fit James's career priorities best?
Select the best answer from the choices provided.
• A.
Self-Employed Travel Writer; pay uncertain, with extensive writing and travel
• B.
Website Staff Writer; pays $30,000, with extensive writing and some travel
• C.
Flight Attendant; pays $25,000, with no writing but extensive travel
• D. Newspaper Copy Editor; pays $35,000, with editing but no writing or travel
Answers
Based on James's career criteria, the job that fits his priorities best would be Website Staff Writer. Option B
How to determine the job that would fit James's career priorities bestThis job pays more than James's minimum salary requirement, includes extensive writing, and involves some travel, which meets his top two criteria.
Although the job does not involve as much travel as the other options, it still satisfies James's priorities and offers a stable income. Option A involves extensive writing and travel, but the pay is uncertain, which does not meet James's second criteria.
Option C involves extensive travel, but there is no writing involved, which does not satisfy James's first priority. Option D involves editing but no writing or travel, which does not satisfy either of James's top two criteria.
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Think of as many problems, challenges or issues that affect you, your school, or your community. Create a list of as many of these issues that come to mind. At this phase, aim for quantity over quality and let your imagination run wild! List at least 5.
Answers
Eating healthy
Need for working out
Getting more sleep
Wanting to go different places and not stay in one place for ever.
Learning new stuff
Money, Inc., a calendar year S corporation in Denton, Texas, has two unrelated shareholders, each owning 50% of the stock. Each shareholder recorded a $400,000 stock basis as of January 1. At the beginning of the tax year, Money reports balances in AAA of $300,000 and AEP of $600,000. During the year, Money generates operating income of $100,000. At the end of the year, Money distributes securities worth $1,000,000, with an adjusted basis of $800,000.
a. At the end of the year, before the distribution, each shareholder's basis is $__________
b. After the distribution, each shareholder's basis is $______ .
c. Each shareholder has $____ of dividend income.
Answers
Answer:
See below
Explanation:
a. At the end of the year, before distribution, each shareholder's basis
= $400,000 + $100,000 + $50,000
= $550,000
b. After the distribution, each shareholder's basis is
= $300,000 + $200,000
= $500,000
c. Therefore, each shareholder has
$250,000 worth of dividend income.
Cost of goods manufactured in a manufacturing company is analogous to
Answers
Banks attract new deposits by:
a) Hiring expert tellers
b) Offering interest-bearing accounts
c) Having convenient hours
d) Making safe investments
Answers
Answer:
b) Offering interest-bearing accounts
Explanation:
Banks are regulated financial institutions. They accept customer deposits and give out loans to qualifying clients. Banks provide a safe, secure, and convenient platform for making payments and savings.
A bank's core business is to issue or sell loans. They accept deposits, retail a small proposition of the deposits, and loan out the rest. The more deposits a bank gets, the more loans it will issue. To attract more deposits, banks offer interests of the funds deposited.
Answer:
B
Explanation:
Sean is a wholesaler who buys goods in bulk from a manufacturer. The manufacturer offers Sean a discount on these purchases. What likely prompted the manufacturer to give Sean this discount? A. to promote goodwill B. to encourage early payment C. to advertise a product D. to reduce transportation expenses E. to establish tax benefits
Answers
Answer:
A. to promote goodwill.
Explanation:
The most likely reason for the manufacturer to give Sean a discount on bulk purchases is to promote goodwill. By offering discounts, the manufacturer aims to establish a positive relationship with Sean as a loyal customer and encourage future business transactions. This practice helps maintain customer satisfaction and loyalty, which can benefit both parties in the long run.
Therefore, the correct answer is A. to promote goodwill.
purchased goods of rs 40000 journal entries
Answers
The journal entry for Rs. 40, 000 purchases would include a debit to purchases and credit to cash or accounts payable.
How to enter the journal ?The Purchases account is debited because the business has acquired goods, which is an asset. The Accounts Payable account is credited because the business owes money to the supplier for the goods.
Date Account title Debit Credit
XX -XXXX Purchases Rs. 40, 000
Accounts payable Rs. 40, 000
This journal entry will increase the balance of the Purchases account and the Accounts Payable account. The Purchases account will be used to track the cost of goods sold, and the Accounts Payable account will be used to track the amount of money owed to suppliers.
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