Differentiate between the two common selling methods of LIFO and FIFO
Answers
Answer:
see below
Explanation:
LIFO and FIFO are methods applied to calculate the cost of goods sold.
FIFO stands for First In, First Out. This method assumes that the oldest inventory in the company stores is sold first. Inventory means finished goods, work-in-progress, raw material, or purchased goods.
LIFO stands for Last in, First out. Under this valuation methods, the assumption is that the most recent inventory will sell first. Inventory will be valued using the costs of the last unit to arrive.
Related Questions
functions of Okhal best answer will be chosen as brainnest
Answers
Answer:
The cerebellum receives information from the sensory systems, the spinal cord, and other parts of the brain and then regulates motor movements. The cerebellum coordinates voluntary movements such as posture, balance, coordination, and speech, resulting in smooth and balanced muscular activity.
Explanation:
thanks me later po
Answer:
the function of are as given below:
it is long lasting
smooth and easy to use
helps to grind different species
Explanation:
mark as a brainlist if it is correct
17. The Golden Rule is an example of which of the following? (1 point)
O etiquette
O a hotel chain
Oetles
O professionalism
Answers
The Golden Rule is an example of etiquette and professionalism. It is a principle that promotes treating others the way you would like to be treated, which is essential in any professional setting. Additionally, following etiquette guidelines can help to maintain a professional atmosphere and show respect for others. "Etles" is not a term commonly used in this context.
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In considering emerging markets,
a. the costs of gathering useful customer-centric information outweigh the benefits since consumer preferences are ill-formed and there is little competition.
b. the best approach to emerging markets is to find cost effective ways to sell stripped-down low-cost versions of the products sold globally
c. marketers would be advised to focus on the one or two most important product features rather focusing on all product features equally
d. it is wise to recognize that any tweaking to the manufacturing process, once the product goes into production only adds unnecessary costs.
Answers
Among the given options, the statement that aligns with considerations for emerging markets is:
c. Marketers would be advised to focus on the one or two most important product features rather than focusing on all product features equally.
When entering emerging markets, it is often crucial for marketers to understand the unique needs, preferences, and constraints of the target consumers. In these markets, consumer preferences may differ from established markets, and there might be limited resources or purchasing power. Therefore, it is advisable to focus on the most important product features that align with the needs and priorities of the target market.
Options a, b, and d are not accurate in the context of emerging markets:
a. The costs of gathering useful customer-centric information in emerging markets may be high due to various challenges such as limited data availability, cultural differences, and less developed market research infrastructure. However, gathering customer-centric information is still valuable for understanding the market, identifying opportunities, and making informed marketing decisions.
b. Selling stripped-down low-cost versions of products is not necessarily the best approach for emerging markets. While cost-effective solutions can be important, the strategy should also consider the unique needs, preferences, and value propositions that resonate with the target market. A one-size-fits-all approach may not effectively address the specific demands of emerging markets.
d. Tweaking the manufacturing process or making adjustments after a product goes into production can often be necessary to meet the specific requirements of emerging markets. Flexibility and adaptation are crucial to cater to the unique market dynamics, regulatory standards, infrastructure limitations, and consumer preferences prevalent in emerging markets.
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which fire department-related facility stores items needed on a daily basis by the fire stations and offices, houses nonmotorized equipment, and repairs hose?
Answers
Warehouse/central stores. An institution that offers services for fire prevention and suppression is known as a fire department or fire brigade, often referred to as a fire authority, fire and rescue, or fire service in some places.
Fire departments are a component of the community. In the United States, there are over 31,000 municipal fire departments and over a million firemen, of whom about 750,000 work as volunteers. Small, rural villages with less than 5,000 persons are protected by more than half of firemen, and many places depend on volunteer departments with limited funding. The development of mutual aid agreements to share resources is one of the greatest approaches for these places, which are outside of big urban centres. This strategy enhances readiness for and reaction to fires and other catastrophes.
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People and blank careers are per suitors they like leader ship pools as well as sales they often have a good verbal abilities and talk to people into doing things their way
Answers
Answer:
Enterprising
Explanation:
Given that people in enterprising careers are those taking job positions such as Insurance Sales Agent, Lawyers, Arbitrator, Mediator, Sales or Retail Buyer, Head Cook, Construction Manager.
Hence, it practically correct to conclude that People in ENTERPRISING careers are persuaders they like leadership roles as well as sales, they often have a good verbal ability and talk to people into doing things their way
select all that apply when the world price for a product is below the canadian price, what will canada experience?
Answers
Canada will experience an increase in imports and a decrease in domestic production when the world price for a product is below the Canadian price.
When the world price for a product is lower than the Canadian price, Canadian consumers will demand more imported goods, leading to an increase in imports. Domestic producers will find it harder to sell their products at the higher price and will reduce production. This will result in an overall decrease in domestic production.
As a result, the domestic industry may suffer from reduced profitability and job losses. However, consumers may benefit from lower prices due to increased competition.
Policymakers may respond by implementing protectionist measures such as tariffs to protect domestic industries or focusing on increasing competitiveness to reduce reliance on imported goods.
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b. if the movie theater charges $10, who will buy movie tickets, and what will the movie theater’s profit be?
Answers
If the movie theater charges $10 per movie ticket, people who are willing to pay that amount or higher for a movie will buy the tickets.
This may include people who are avid movie-goers or those who have a specific interest in the movie being shown. However, some people may be deterred by the price and choose to wait until the movie is available for rental or streaming.
The movie theater’s profit will depend on a variety of factors such as the number of tickets sold, the cost of operating the theater, and any additional revenue streams such as concessions. Assuming that the theater is able to sell a reasonable number of tickets and keep operating costs low, the profit margin could be significant.
Overall, the success of the theater’s pricing strategy will depend on finding a balance between charging a price that is reasonable for consumers while still allowing for profitability.
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The disadvantages of a system when it works in isolation are: 1. It becomes difficult to collect and analyze the data needed for the functioning of any department. 2. It results in the loss of profits to the organization that could have been better spent in decision making. 3. Business executive or decision-maker cannot take good decisions with the isolated data.
Answers
Answer:
Option B, 1 & 2
Explanation:
The complete question is-
The disadvantages of a system when it works in isolation are:
1. It becomes difficult to collect and analyse data needed for the functioning of any department.
2. It results in the loss of profits to the organisation that could have been better spent in decision making.
3. Business executive or decision-maker cannot take good decisions with the isolated data.
a. 1 & 3
b. 1 & 2
c. 2 & 3
d. 1
Solution -
An isolation system also has work control system, training and competence, operating procedures and management. This system can work adequately only when these arrangement work adequately and this not possible without integration with the entire system.
It become difficult to collect isolated data, its assessment and making decision regarding the betterment of system.
Hence, Option B is correct
The disadvantages of an ERP system when it works in isolation are:
It becomes difficult to collect and analyze the data needed for the functioning of any department.It results in the loss of profits to the organization that could have been better spent in decision making.What is an ERP system?Enterprise Resource Planning (ERP) System refers to a system used by businesses to manage its activities such as manufacturing, supply, services, and other such activities. ERP is a link that connects each and every aspect of an enterprise.
When an ERP system works in isolation, it is difficult for the departments to collect and analyze data and hence affects its functioning.
Also, the organization may face losses as the data required may not be readily available to a department and hence the decisions cannot be taken effectively.
Therefore the correct options are 1 and 2.
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Look at the following email (attached). Name two good email netiquette practices used in the
email. Name two poor email netiquette practices
Answers
Two good email etiquettes practices used in email are:
Inserting a SubjectKeep the email short and restricted to three paragraphs.Two bad email etiquettes used in the email above are:
Indiscriminate use of the exclamation markDiscussing personal issues in a formal email.What are email etiquettes?The use of acceptable language, standards, and politeness in an email is referred to as email etiquette. Business emails often need formal language as well as rigorous respect to appropriate grammar and spelling.
Five useful E-mail Etiquette are:
Address your addressee appropriately. Check, double-check, and triple-check that you have the right spelling of the recipient's name and title.Proper greetings and closing statements should be used.Format correctly.Avoid using ALL CAPS.Large files should be compressed.Learn more about email etiquette:
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any final order of an administrator may be appealed to the: a securities and exchange commission b state securities commission c state superior court d federal district court
Answers
Any final order of an administrator may be appealed to the state superior court.
A superior court is a court with particular powers in common law systems, with substantial authority over both civil and criminal proceedings. A court with limited jurisdiction can only hear civil disputes involving amounts of money up to a certain amount or criminal proceedings involving less severe offences.
A superior court is "superior" to such a court. The higher court may hear appeals from lower courts. ordinary court for courts with broad authority in the civil law system.
Hence the correct option is C
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Do you think percentage gains
would get more varied or less
varied if you added additional
mutual funds to your portfolio?
Answers
A career will be most productive, comfortable, and enjoyable when it fits well into one’s lifestyle. Which is the best definition of lifestyle?
the factors that have influenced one’s life
priorities, principles, and beliefs that guide a person’s life
a way of living that shows a person’s beliefs or opinions
the collection of things a person has done
Answers
Answer:
B.
Explanation:
Your answer is B because if you compare the definition to the definition of lifestyle, its "the way in which a person or group lives." There can be all types of lifestyles. Therefore making "B" your best bet.
Answer:
C.
Explanation:
Edge 2021
When should a firm consider expanding from strictly domestic trade to international trade? When should it consider becoming further involved in international trade? What factors might affect the firms desicions in each case?
Answers
Answer: When they begin to get trades beyond how their previous annual turn over and international requests
Explanation:
Many businesses start from homes due to they can't afford to pay or rent a property yet while run their business. Businesses have different methods of operation, while some operate strickly domestically, others might want to either sell domestically too or do same alongside internationally.
A company can begin expanding or considering international trade on it's sales when they begin to receive large recommendation and request internationally.
The factors that might affect most cases always be fear and cost related. Fear of being kicked out of the market by competitors and cost in the sense of competitors beating his prices to give them a challenge.
Any firm should start consider expanding from domestic trade to international trade when its has already saturated the domestic market and needed to expand outside of the country for further growth opportunities.
Normally, a company can begin expanding its scale on international trade when they begin to receive large recommendation and request internationally.
Also, some of the factors that might affect them includes operation cost, trade barrier, competitors etc, in the international market etc
However, a firm should start consider expanding from domestic trade to international trade when its has already saturated the domestic market and needed to expand outside of the country for further growth opportunities.
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which statements about grief are correct? select all that apply. grief can occur prior to a significant loss.
Answers
The correct statement about Grief are : Grief can be detrimental to a person's physical health.
Grief is anticipated whenever there is a significant loss.
Grief :
Grief is an intense emotional state that occurs after a significant loss, such as the death of a family member, the loss of a pet, etc.
Thus, one can conclude that grief is anticipated before a significant loss occurs. It is an inevitable state that an individual will go through. As such, it can be detrimental to an individual's physical health as the spirit can manifest spiritually. For example, a person may be angry and have a stomach ulcer or not eat, which affects their health. What we cannot assume is that everyone goes through the same stages of grief because everyone is different.
Grief and grief are not the same thing because grief is something the individual feels inside and grief is how they express that grief. Finally, an individual's pain is never predictable.
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Inventory costing methods place primary reliance on assumptions about the flow of.
Answers
Inventory costing methods rely heavily on assumptions about the flow of costs. The most widely used inventory valuation method is the FIFO method.
FIFO (First-In, First-Out), LIFO (Last-In, First-Out), Specific Identification, and Weighted Average Cost are the 4 major Inventory costing methods. If your inventory costs are steady or increasing, LIFO is the better option. Businesses with bigger inventories and rising costs appreciate how LIFO reduces profits and taxes while increasing cash flow. If your inventory costs are decreasing, FIFO is the better option.
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A pump station has six 500 hp pumps that run an average of 5 hours a day each, a 5 hp sump
pump that operates for 1.5 hrs/day, twenty 100-watt lights that are always on, and six 300-
watt night lights that are on 10 hours a day. What is the monthly operating cost if power cost
8.75 cents per kwh? (A month is 30 days)
Answers
Answer:
4*0.07=energy use per day(x)
(x)*30=energy use in thirty days (y)
Therefore
X=$0.28
Y=$8.4
Explanation:
what is nursing ?why is it needed?
Answers
Answer: What type of nursing?
A real estate agency wants to understand the factors affecting the price of houses which are up for re-selling. The study includes 1,000 houses and estimates the following regression using OLS: Price = PageXage + Pnumsold Xnumsold + Pares Xarea + PgarageXgarage + PcitycenterXcitycenter + Poutskirts Youtskirts + Psuburban suburban * Uother where Xage denotes the age of the house, Xnumsold denotes the number of times the house was sold, Xarea denotes floor area, Xgarage denotes the size of the garage. Xcitycenter, Youtskirts, and Xsuburban are dummy variables indicating the respective locality of the house: city center, outskirts, or suburban, and other denotes the error term Assume that the least squares assumptions are satisfied unless the above information suggests otherwise. Which of the following statements are true about the explanatory variables used in this study? (Check all that apply.) dhocrequ A. The estimated coefficients will be jointly normally distributed B. The regressors in this model are perfectly multicollinear due to the variables indicating the locality of the house. C. The regression does not fall into the dummy variable trap due to the absence of the intercept term. D. The regressors in this model are perfectly multicollinear due to the absence of the intercept term. x Suppose that the model now includes an intercept term, Bo- The model should now include dummy variables indicating the locality of a house. Suppose the agency finds a high positive correlation between Xgarage and Xarea The data set would provide little information about what happens to the prices of houses with a large floor area and a garage, or vice versa, keeping other variables constant it
Answers
The statement that is true about the explanatory variables used in the study is:
The estimated coefficients will be jointly normally distributed, The regression does not fall into the dummy variable trap due to the absence of the intercept term, and The model should now include dummy variables indicating the locality of a house.
Regression analysis is employed to examine the relationship between a dependent variable and one or more independent variables.
As per the least squares assumptions, the residuals should be typically distributed, and the explanatory variables should be fixed and uncorrelated with the error term.
The estimators of the coefficients will be jointly normally distributed if the population is stable, the residuals are usually distributed with constant variance, and there is no multicollinearity
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How can I become rich???
Answers
Explanation:
1, Don’t focus on a job, use the income from your job to invest to create different forms of income
2, Fastest way to get rich is to form a business
that's it :)
Jackie has been selling gold rings for $50 each. her cost for the rings was $25. she learns that another store on the other side of the mall sells gold rings for $40. what information should jackie consider before deciding if she should change her price?
Answers
When adjusting the price of an established product, Jackie should have knowledge of the pricing considerations and strategies
What are the different types of pricing strategies?
There are 4 types of pricing strategies as follows :
Premium pricing strategySkimming pricing strategyValue pricing strategyPenetration pricing strategy.In the aforesaid scenario, Jackie will employ a value pricing approach, in which he will reduce the product's cost in order to attract buyers, hence increasing the product's perceived worth.
Thus,
Pricing strategies information should be considered before introducing any changes in the price of the product.
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Kayla is a busy entrepreneur who is running a rapidly growing startup. Kayla intends to use social media for recruiting several new employees. What key managerial takeaway would you give to kayla?.
Answers
This important managerial lesson I imparted to Kayla is that she should check Dribbble before hiring a web designer.
Describe Dribbble.For digital designers and creatives, Dribbble is a platform for networking and self-promotion. It is one of the biggest platforms for designers to share their work online and functions as a design portfolio platform, jobs, and recruiting site. All employees work remotely for the distributed business, which has no headquarters.
Dribbble was an invite-only website where designers could share what they were working on when it was beta-launched in 2009 by Dan Cederholm and Rich Thornett. According to the founders, the name "Dribbble" was inspired by the dual metaphors of "bouncing ideas" and "leaking your work."
On July 9, 2009, Cederholm posted the first "Shot," which is a brief screenshot of a designer's active project. It became accessible to the general public in March 2010 and required invitations for new users.
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Click this link to view O*NET’s Work Activities section for Registered Nurses. Note that common activities are listed toward the top, and less common activities are listed toward the bottom. According to O*NET, what are some common work activities performed by Registered Nurses? Select four options.
communicating with supervisors, peers, or subordinates
making decisions and solving problems
repairing and maintaining mechanical equipment
drafting technical devices
assisting and caring for others
documenting/recording information
Answers
Some common work activities performed by Registered Nurses are:-
Making decisions and solving problems.Assisting and Nurses for others.Communicating with supervisors, peers, or subordinates.Drafting technical devices.Evaluating, Nurses watching, and conversing with patients keeping a record of the symptoms, medical history, and state of health of the patient. Patient Care preparation for examinations and treatment. administering medications and therapies, then keeping track of patients' reactions and negative effects.
Usually, Nurses EMTs and paramedics do the following tasks: Respond to 911 calls for emergency medical help, such as doing CPR or bandaging a care wound. Typically, bioengineers and biomedical engineers do the following tasks: Create tools and gadgets, such as synthetic internal organs, body part replacements.
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which of the following is a nickname for the GAO?
SEC watchdog
regulatory watchdog
congressional watchdog
public watchdog
Answers
Answer:
B: regulatory watch dog
Explanation:
Idc I just got it right
Answer: it’s congressional watchdog you dummy
Explanation:
Q 9.22: Aledo Manufacturing utilizes a calendar year as its fiscal year and depreciates plant assets using the straight-line method. On January 2nd, 2017, the company purchased a semi-truck for $215,000 with a useful life of ten years and an estimated salvage value of $23,000. On January 1st, 2022, the company decides to extend the useful life to twelve years while decreasing the estimated salvage value to $21,000. What amount will Aledo report as depreciation expense for the year ended December 31st, 2022
Answers
Answer:
$3,000
Explanation:
The depreciation expense for the year ended December 31st, 2022 is $3,000
a monopolistically competitive industry shares some of the same characteristics as perfect competition, including:
Answers
Perfect competition and monopolistically competitive industries both have a large number of businesses and easy entry and departure points.
Which characteristic is similar to both perfect competition and monopolistic competition?The presence of numerous enterprises and ease of entry and exit are two traits that perfect competition shares with monopolistically competitive industries.
The closest comparison between perfect and monopolistic competition is between them. The lack of entry barriers in both market systems results in a large number of sellers and zero long-term profitability.
Unlike monopolistic competition, which has little entry barriers and gives a monopolist complete control over the market, monopolistic competition does not. If a company believes the profits will be sufficiently alluring, they can enter the market. Monopolistic competition resembles perfect competition as a result.
In that both types of markets have numerous consumers and sellers, monopolistic competition is similar to perfect competition in this regard. Small to no barriers exist to entering or exiting the market, and there is little to no impact on the equilibrium price.
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Kevin plans to start saving for retirement and has the option of
choosing between two investment opportunities. Option One: Invest
$6,000 per year from ages twenty-five through thirty-two (a total
of
Answers
Option One: Invest $6,000 per year from ages twenty-five through thirty-two (a total of eight years) at an annual interest rate of 7%.
Option Two: Invest $3,000 per year from ages thirty-three through sixty-five (a total of thirty-three years) at an annual interest rate of 9%.
a. To determine the total amount of money accumulated at retirement for each option, we can use the formula for the future value of an ordinary annuity:
Future Value = Payment x [(1 + Interest Rate)^Number of Periods - 1] / Interest Rate
For Option One:
Payment = $6,000
Interest Rate = 7%
Number of Periods = 8
Future Value for Option One = $6,000 x [(1 + 0.07)^8 - 1] / 0.07
≈ $62,439.45
For Option Two:
Payment = $3,000
Interest Rate = 9%
Number of Periods = 33
Future Value for Option Two = $3,000 x [(1 + 0.09)^33 - 1] / 0.09
≈ $580,884.78
b. To determine which option will result in a higher total amount at retirement, we compare the future values calculated above.
Option Two (investing from ages thirty-three through sixty-five) leads to a significantly higher future value of approximately $580,884.78. This option allows for a longer investment period, taking advantage of compound interest over a span of 33 years at a higher interest rate. Option One (investing from ages twenty-five through thirty-two) yields a lower future value of approximately $62,439.45 due to a shorter investment period and a lower annual investment amount.
Considering the significantly higher future value, Option Two appears to be the more advantageous choice for Kevin to save for retirement.
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since merchandise inventory is normally sold within a year, how is it reported on the balance sheet?
Answers
Merchandise inventory is reported as a current asset on the balance sheet because it is expected to be sold within a year.
Merchandise inventory is an important part of a company's financial statements, and it is reported on the balance sheet as a current asset. A company's merchandise inventory represents the products that it plans to sell in the normal course of business. Typically, merchandise inventory is held for a relatively short period of time, usually less than a year.
On the balance sheet, merchandise inventory is reported as a separate line item under current assets, along with other items like accounts receivable and cash.
The value of merchandise inventory that is reported on the balance sheet is the cost of the inventory, which includes the cost of acquiring or producing the inventory, as well as other costs related to the inventory, such as transportation, storage, and handling costs.
The reason merchandise inventory is reported as a current asset is because it is expected to be sold within a year. This means that the inventory will be turned into cash or accounts receivable, which are also reported on the balance sheet as current assets.
It is important to note that the value of merchandise inventory reported on the balance sheet is subject to the lower of cost or market (LCM) rule. This means that if the market value of the inventory is lower than its historical cost, the value of the inventory on the balance sheet must be adjusted downward to reflect the lower market value.
This adjustment is necessary to ensure that the financial statements accurately reflect the value of the inventory on hand.
Overall, reporting merchandise inventory as a current asset on the balance sheet is an important part of a company's financial reporting. It provides stakeholders with valuable information about the company's ability to generate sales and manage its inventory effectively.
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An airline ticket office has two ticket agents answering incoming phone calls for flight reservations. In addition, one caller can be put on hold until one of the agents is available to take the call. If all three phone lines (both agent lines and the hold line) are busy, a potential customer gets a busy signal, and it is assumed that the call goes to another ticket office and the business is lost. The calls and attempted calls occur randomly (i.e., according to Poison process) at the mean rate of 15 per hour. The length of a telephone conversation has an exponential distribution with a mean of 4 minutes a) Find the steady - state probability that a caller will get to talk to an agent immediately ( 10 points) (Hint: P 0
=0.3636) The model is (M/M/…):(GD// −
) b) Find the steady - state probability that a caller will be put on hold ( 10 points) c) Find the steady - state probability that a caller will get busy signal ( 10 points)
Answers
a. the steady-state probability that a caller will get to talk to an agent immediately is approximately 0.0909.
b. the steady-state probability that a caller will be put on hold is approximately 0.8591.
c. The steady-state probability that a caller will get a busy signal is approximately 0.0500.
To solve the given problem, use the M/M/c queuing model, where:
- Arrivals follow a Poisson process with a rate of λ (given as 15 per hour).
- Service times for each agent follow an exponential distribution with a mean of μ (given as 4 minutes).
a) Steady-state probability that a caller will get to talk to an agent immediately:
In this case, we have two agents (c = 2). Using the formula for the steady-state probability of zero customers in the system (P0), we can find the probability that a caller will get to talk to an agent immediately.
P0 = [1 + (λ/μ)^1 + (λ/μ)^2/2!(c-1)]^(-1)
= [1 + (15/4)^1 + (15/4)^2/2!(2-1)]^(-1)
= [1 + 3.75 + (3.75)^2/2]^-1
= [1 + 3.75 + 7.03125]^-1
= 0.0909 (rounded to four decimal places)
Therefore, the steady-state probability that a caller will get to talk to an agent immediately is approximately 0.0909.
b) Steady-state probability that a caller will be put on hold:
Since there is only one hold line available, the probability of a caller being put on hold is equal to the probability of all agent lines being occupied.
P_hold = P(calls in the system = c)
= (λ/μ)^c * P0/c!
= (15/4)^2 * 0.0909 / 2!
= 0.8591 (rounded to four decimal places)
Therefore, the steady-state probability that a caller will be put on hold is approximately 0.8591.
c) Steady-state probability that a caller will get a busy signal:
If all agent lines and the hold line are busy, a caller gets a busy signal. So the probability of a busy signal is equal to the probability of all lines being occupied.
P_busy = P(calls in the system > c)
= 1 - P0 - P_hold
= 1 - 0.0909 - 0.8591
= 0.0500 (rounded to four decimal places)
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(b)
Your warehouse manager reports that there were four king-size sheets and three queen-size sheets returned, along with five packages of queen pillow cases. Calculate the revised total due (in $).
$
(c)
The vendor has offered a 8% early payment discount that applies only to the merchandise, not the shipping or insurance. What is the amount of the discount (in $)? (Round your answer to the nearest cent.)
$
(d)
What is the new balance due after the discount (in $)? (Round your answer to the nearest cent.)
$
Answers
The revised overall due is $6,117.60. The early fee bargain amount is $416.88, and the new stability due after the bargain is $5,700.72.
(a) After correcting the mistakes within the itemization, the revised invoice desk must be as follows:
QTY. Ordered QTY. Shipped Description Unit Amount
44 ea. Sheets, king $45.10 $1,984.40
65 ea. Sheets, queen $39.60 $2,574.00
28 pkg. Pillow Cases, queen $17.85 $498.80
55 pkg. Pillow Cases, std. $17.35 $954.25
6 ea. Shams $33.25 $199.50
Invoice Subtotal $5,210.95
Shipping Charges of $131.50
Insurance $23.35
Invoice Total $5,365.80
(b) The variety of king-size sheets back is 4, and the quantity of queen-size sheets returned is three. The total cost of the back sheets may be calculated as follows:
4 * $45.10 (king-length sheet fee) + 3 * $39.60 (queen-length sheet rate) = $180.40 + $118.80 = $299.20
(c) The early fee bargain provided via the vendor is 8% of the product's fee. To calculate the bargain, we need to subtract the value of shipping and insurance from the invoice subtotal and practice the bargain percent:
Discount = 8% * (Invoice Subtotal - Shipping Charges - Insurance)
Discount = 8% * ($5,210.95 - $131.50 - $23.35) = 8% * $5,056.10 = $404.49
(d) The new balance due after making use of the cut price may be calculated by using subtracting the discount quantity from the bill overall:
New Balance Due = Invoice Total - Discount
New Balance Due = $5,365.80 - $404.49 = $4,961.31
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The correct question is:
"INVOICE Hamilton Mills No. 49485 INVOICE DATE July 9, 20xx 115 Rock Creek Road CUSTOMER'S Charlotte, North Carolina 28235 ORDER NO. 49485 SOLD TO: SHIP TO: SAME The Bedding Warehouse 406 Maple Road Franklin, VA 23851 SALESMAN SHIPPED VIA Federal Express TERMS Net 30 Days F.O.B. Charlotte, N.C. QTY. ORDERED QTY. SHIPPED DESCRIPTION UNIT AMOUNT 44 ea. Sheets, king $45.10 $1,984 40 65 ea. Sheets, queen $39.60 $2,57400 28 pkg. Pillow Cases, queen $17.85 $44980 55 pkg. Pillow Cases, std. $17.35 $954 25 6 ea. Shams $33.25 $299 50 $6,261.95 INVOICE SUBTOTAL SHIPPING CHARGES $131.50 Insurance $23.35 INVOICE TOTAL $6,416.80 Invoice Table QTY. Ordered QTY. Shipped Description Unit Amount 44 ea. Sheets, king $45.10 $1,984.40 65 ea. Sheets, queen $39.60 $2,574.00 28 pkg. Pillow Cases, queen $17.85 $449.8 55 pkg. Pillow Cases, std. $17.35 $954.25 6 ea. Shams $33.25 $299.5 Invoice Subtotal $6,261.95 Shipping Charges $131.50 Insurance $23.35 Invoice Total $6,416.80 (a) You notice several errors in the itemization of the invoice. Correct the errors in the itemization ing the fol table $). QTY. Ordered QTY. Shipped Description Unit Amount 44 ea. Sheets, king $45.10 $ 65 ea. Sheets, queen $39.60 $ 28 pkg. Pillow Cases, queen $17.85 $ 55 pkg. Pillow Cases, std. $17.35 $ 6 ea. Shams $33.25 $ $ Invoice Subtotal $ Shipping Charges $131.50 Insurance $23.35 Invoice Total $ (b)
Your warehouse manager reports that there were four king-size sheets and three queen-size sheets returned, along with five packages of queen pillow cases. Calculate the revised total due (in $).
$
(c)
The vendor has offered a 8% early payment discount that applies only to the merchandise, not the shipping or insurance. What is the amount of the discount (in $)? (Round your answer to the nearest cent.)
$
(d)
What is the new balance due after the discount (in $)? (Round your answer to the nearest cent.)
$ "
A market ____ analyst studies prevailing market trends and forecasts potential sales for a product.?
Answers
Explanation:
A market ____ analyst studies prevailing market trends and forecasts potential sales for a product.?