A firm's channel members, such as distributors and retailers, can significantly affect the price that the firm can charge for its products. These channel members play an essential role in getting products to customers, and their decisions can have a direct impact on the price that customers pay.
Firstly, the cost of distribution can influence the final price of the product. If a firm has more intermediaries in its distribution channel, such as wholesalers and retailers, the cost of distribution may be higher, and this can lead to a higher final price for the customer.
Secondly, channel members can also influence the perceived value of a product. For example, a retailer may decide to stock a particular product and promote it heavily, thus increasing the product's visibility and creating a perception of value among customers. This can allow the firm to charge a premium price for the product.
Thirdly, channel members may also influence the competition in the market. For instance, if a retailer decides to offer a discount on a product, this can lead to other retailers in the same market offering discounts as well, and this can affect the price a firm can charge for its products.
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Which of the taxes listed on her Form W-2 do you think Susan might be able to "get
back?"
The Federal and the state income tax are the axes listed on her Form W-2 she can get back
The taxes thst she can get backUpon the submission of their income tax return at the conclusion of a fiscal year, employees have the opportunity to receive a reimbursement if they contributed an excess amount towards their taxes throughout this financial period.
Such a circumstance may emerge when workers undergo excessive diminutions from their paychecks or meet particular criteria that grant them eligibility for tax credits or deductions.
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1. based on what you see in the employee complaint log, what type of culture has hydro health been exhibiting?
Culture is a complex and multifaceted aspect of an organization and can be influenced by various factors, such as leadership, organizational structure, policies, and communication.
To accurately determine the type of culture that Hydro Health has been exhibiting, a comprehensive analysis of multiple sources of information is necessary, including employee feedback and opinions, management practices, and organizational policies and procedures.
Culture refers to the shared values, beliefs, attitudes, behaviors, and practices that characterize an organization and shape its overall environment and dynamics. It is a critical aspect of organizational life, as it significantly impacts employee morale, motivation, job satisfaction, and overall organizational performance.
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PLLZZ HELLLP DUE IN 1 MINNNN
Which list of integers is in order from least to
greatest?
A -42, -39, -4, 40, 41
B -42, 41, 40, -39, -4
C -4, -39, 40, 41, -42
D 41, 40, -4, -39, -42
Feel it all so certainly
I can't stop now, I'm in too deep
And I overtake my senses
And I'll never be in jeopardy
(wave lyrics)
Answer:
A is the correct answer I think hope this helps
Answer:
A
Explanation:
When the lights dim
And we conquer
You start to feel the pull
I can't help but (help but)
Scream out (scream out)
We're unstoppable
Like a wave
Like a wave (Riding on that energy)
Like a wave (Sifting through the memories)
Like a wave
Riding on that energy
Soaking through the memories
I can't hold back
I'm riding on that energy
Ignite the electricity
Cause you haven't seen the last of me
I'm more than just a memory
Push has just begun to pull
I-I-I can't help but (help but)
Scream out (scream out)
We're unstoppable
Like a wave
Like a wave (Riding on that energy)
Like a wave (Sifting through the memories)
Like a wave
Riding on that energy
Soaking through the memories
I can't hold back
Like a wave
Like a wave (Riding on that energy)
Like a wave (Sifting through the memories)
Like a wave
(I can't hold back)
Like a wave (Riding on that energy)
Like a wave (Sifting through the memories)
I can't hold back
Which fees was john charged on his checking account during this statement period?.
The fees that john was charged on his checking account during this statement period includes:
Overdraft feeAccount transfer feeMonthly service feeATM fee.What is a checking account?In finance, a checking account means a deposit account held at a financial institution, that only allows withdrawals and deposits. It is also called a demand or transactional accounts because they are very liquid and can be accessed using checks, automated teller machines (ATMs), electronic debits among other methods.
We must understand that a checking account differs from other bank accounts because it often allows for numerous withdrawals and unlimited deposits whereas a savings accounts sometimes limit both. In an overview, the checking account is more beneficial for people who wants to make frequent withdrawals or transactions from a bank account.
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Answer: ATM Fee, Overdraft Fee, Maintenance Fee
Explanation: Looked for what was labeled fee on the chart.
part two—analyze your research now that you have the background, analyze and compare the legislative acts. your analysis should address: • the economic environment during the time the policies were enacted • whether they are expansionary or contractionary and the factors that led you to this conclusion • how they affected the national budget • how the legislative acts are similar or different
To analyze and compare legislative acts, I will use two hypothetical policies: Policy A and Policy B.
Policy A was put into effect when the economy was not doing well. There weren't many people with jobs, people weren't spending much money, and the economy wasn't growing.
Policy B was put into effect when the economy was doing well. There weren't many people without jobs, people were spending a lot of money, and the economy was steadily getting better.
What are legislative actsIn terms of Expansionary or Contractionary Nature:
Policy A is a type of policy that helps to expand or grow the economy. It may have involved actions like the government spending more money, lowering taxes, or providing extra money to help the economy. This could help create more jobs, reduce the number of people without jobs, and increase overall spending.
Policy B, considering the situation of increasing economy, may have made the economy smaller. This might have involved things like spending less money, making taxes higher, or making it harder to borrow money to control inflation.
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A candy company developed a new consumer product that is expected to eam $5,000 in profit each year if consumer demand is low, $18,000 per year if consumer demand is moderate, and $33,000 per year if consumer demand is high. The probability of low, moderate, and high demand is 30%,50%, and 20%, respectively. Determine the expected monetary value (EMV) for the new product. EMV=$ (Type an integer or a decimal.)
The expected monetary value (EMV) for the new product can be calculated by multiplying the profit for each scenario by its corresponding probability and summing them up.
In this case, the profit for low demand is $5,000 with a probability of 30%, which gives an expected value of $1,500. The profit for moderate demand is $18,000 with a probability of 50%, resulting in an expected value of $9,000. Lastly, the profit for high demand is $33,000 with a probability of 20%, giving an expected value of $6,600.
To calculate the EMV, we add up the expected values for each scenario:
EMV = $1,500 + $9,000 + $6,600 = $17,100.
Therefore, the expected monetary value (EMV) for the new product is $17,100. This value represents the average expected profit the company can earn per year based on the probabilities of different consumer demand scenarios.
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Torino Company has 1500 shares of $10 per value, 7.0% cumulative preferred stock and 15.000 shares of $10 par value common stock outstanding The company paid total cash dividends of $500 in its first year of operation. The cash vident that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is
1)$550
2)1050
3)2100
4)1600
5)500
The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is $550. This answer can be found by calculating the total dividend amount for the preferred stock and subtracting the dividends paid in the first year.
In the given scenario, Torino Company has 1500 shares of $10 par value, 7.0% cumulative preferred stock. The dividend for preferred stock is cumulative, which means any unpaid dividends accumulate and must be paid before any dividends can be paid to common stockholders.
To calculate the dividend for the second year, we multiply the par value ($10) by the dividend rate (7.0% or 0.07) and then multiply it by the number of preferred shares (1500). This gives us $1,050 as the total dividend amount for the preferred stock.
However, since the company already paid $500 in dividends during the first year, we subtract this amount from the total dividend for the second year. Thus, the cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is $550 ($1,050 - $500). Therefore, the correct answer is 1) $550.
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Define careere pleaseeeeeeeeee
Answer:
a profession or occupation chosen by one's life work.
Having or following a career as specific career diplomat.
Explanation:
Hope this helps.. ;)
FYI I did research and I didn't copied and pasted..
Answer: an occupation undertaken for a significant period of a person's life and with opportunities for progress.
Like a police officer, fire fighter, cashier, fast food worker, teacher, principle, Etc....
Hope this helps... Stay safe and have a great Thanksgiving!!! :D
Why very few subsistence economies exist today
Answer:
As previously mentioned,
subsistence markets are
extremely vulnerable to
external influences.
Because of this
vulnerability, these economies are
becoming more scarce around the
world. In the past, for example, large
populations of indigenous peoples lived
throughout North America.
Refer to the accompanying table below. The marginal benefit of the 5th unit of
activity is:
Units of Activity
0
1
2
3
4
5
6
Total Cost
$0
$30
$40
$60
$100
$150
$210
Total Benefit
$0
$100
$160
$190
$210
$220
$225
O A) $44
B) $50
Answer:
huh am stuck this question
The marginal benefit of the 5th unit of activity is $50.
The marginal benefit refers to the change in the overall benefit at the time when the extra unit of the commodity should be consumed.The following formula should be used:
= Total benefit of 5th unit - Total benefit of 4th unit
= $150 - $100
= $50
Therefore we can conclude that the marginal benefit of the 5th unit of activity is $50.
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A newsvendor faces normally distributed demand and the critical ratio is 0.8. If the profit-maximizing quantity is ordered, which of the
following statements is true?
A.• Expected sales are less than expected demand.
B• Expected sales are greater than expected demand.
C• Expected sales are exactly equal to expected demand.
D• Expected sales could be less than, equal to, or greater than expected demand.
The critical ratio is the ratio of the expected demand to the quantity ordered. In this case, since the critical ratio is 0.8, it means that the expected demand is 1.25 times the quantity ordered.
If the profit-maximizing quantity is ordered, it means that the quantity ordered is equal to the expected demand divided by the critical ratio, which is 1.25/0.8 = 1.5625 times the standard deviation of demand.
Since the demand is normally distributed, the expected sales are equal to the expected value of demand, which is the mean of the normal distribution.
Therefore, the expected sales are greater than expected demand, which means that statement B is true.
A critical ratio of 0.8 implies that the newsvendor is willing to stock up to 80% of the expected demand, thereby accepting a 20% probability of a stock-out. In this scenario, the profit-maximizing quantity is ordered, but the expected sales will be less than the expected demand to balance the risk of stock-outs and overstocking.
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Which of the following best describes the law of supply and demand?
A. When a desirable product or service is plentiful, its value increases.
B. Businesses can charge extra for products that people use every day.
C. When there is a high demand for a product, it is hard to supply.
D. When a desirable product or service is scarce, its value increases,
Answer:
d is you answer
Explanation:
Answer:
D. When a desirable product or service is scarce, its value increases.
Explanation:
Because more people want a product that there is less of, meaning they will raise the price.
2) Would a higher tax on crude oil reduce the amount of pollution in the world?
A higher tax on crude oil has the potential to reduce the amount of pollution in the world.
Implementing a higher tax on crude oil can have a positive impact on reducing pollution for several reasons. Firstly, a higher tax makes the cost of using crude oil and its byproducts more expensive. This increase in cost can incentivize individuals, businesses, and industries to seek alternative energy sources that are cleaner and more environmentally friendly. As a result, there may be a shift towards renewable energy options such as solar, wind, or hydroelectric power, which have lower pollution emissions.
Secondly, a higher tax on crude oil can encourage conservation and efficiency in energy usage. When the cost of using oil increases, individuals and organizations are more likely to adopt energy-efficient practices and technologies to reduce their consumption. This reduction in oil consumption can lead to a decrease in pollution levels as fewer emissions are released into the atmosphere.
Additionally, a higher tax on crude oil can provide revenue that can be invested in environmental initiatives and technologies. Governments can allocate the tax revenue towards research and development of cleaner energy technologies, funding public transportation systems, or implementing environmental conservation programs. These investments can contribute to the overall reduction of pollution in the world.
However, it's important to note that the effectiveness of a higher tax on crude oil in reducing pollution depends on various factors, including the magnitude of the tax increase, the availability and affordability of alternative energy sources, and the implementation of supportive policies and regulations. It is also crucial to consider the potential economic impacts and the need for a balanced approach to address both environmental concerns and economic considerations.
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when might a contract made by a mentally incompetent person be enforceable? the incompetent person signs a second contract affirming that he understands the nature of the contract. the incompetent person was lucid at the time the contract was made. the incompetent person has a court-appointed guardian, and that guardian is aware of the contract. the incompetent person has not been declared incompetent by a court.
The incompetent person has not been declared incompetent by a court is a contract made by a mentally incompetent person be enforceable. Thus, option (d) is correct.
What is contract?An agreement between two or more people to do something is referred to as a contract. Two or more parties must agree to the terms of the agreement in order to create a legally binding commitment. A contract was the deal with the two parties are the agreed to the terms and the conditions.
According to the case, if a mental incompetence with regard to contract. It was the result is the incompetent person has not been declared incompetent by a court. It was the assigned to the guardian.
As a result, the significance of the incompetent person has not been declared incompetent by a court are the aforementioned. Thus, option (d) is correct.
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There is a strong significant correlation between alcohol and all forms of cancer.
The given statement that there exists a strong significant correlation between alcohol and all forms of cancer is true.
Drinking alcohol leads to increased rate of risk of getting several forms of cancer like —
1. Mouth and throat
2. Voice box (larynx)
3. Esophagus
4. Colon and rectum
5. Liver
6. Breast
Studies claim that addiction to more than three or more alcoholic drinks per day may increases the risk of cancer. There is strong evidence that drinking alcohol increases the risk for prostate cancer. All forms of alcoholic drink, like wine, beer, and liquor, have a direct link with cancer.
The more one drink, the higher is the rate of cancer risk. According to data of 2010, an estimate of 3.5% of cancer deaths in the United States were directly linked to alcohol consumption.
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Correct question:
There is a strong significant correlation between alcohol and all forms of cancer. True or false
Problem 3. 1a (algo) using t accounts to record transactions involving assets, liabilities, and owner's equity. Lo 3-1 the following transactions occurred at several different businesses and are not related. Post the following transactions into the appropriate t accounts. Transactions: hunter thompson, an owner, made an additional investment of $23,000 in cash. A firm purchased equipment for $8,600 in cash. A firm sold some surplus office furniture for $1,900 in cash. A firm purchased a computer for $2,300, to be paid in 60 days. A firm purchased office equipment for $9,800 on credit. The amount is due in 60 days. Nancy fowler, owner of fowler travel agency, withdrew $4,600 of her original cash investment. A firm bought a delivery truck for $39,000 on credit; payment is due in 90 days. A firm issued a check for $2,100 to a supplier in partial payment of an open account balance
To record these transactions using T accounts, we need to identify which accounts are affected by each transaction and then record the transaction in the appropriate T account.
T accounts are used to represent the different accounts in a business, such as assets, liabilities, and owner's equity. Each T account has a debit side (left side) and a credit side (right side).
Here is how we would record the transactions mentioned in the question:
Transaction 1: Hunter Thompson made an additional investment of $23,000 in cash.
Cash (Asset) T Account:
Debit: $23,000
Credit: $0
Owner's Equity T Account:
Debit: $0
Credit: $23,000
Transaction 2: A firm purchased equipment for $8,600 in cash.
Cash (Asset) T Account:
Debit: $0
Credit: $8,600
Equipment (Asset) T Account:
Debit: $8,600
Credit: $0
Transaction 3: A firm sold some surplus office furniture for $1,900 in cash.
Cash (Asset) T Account:
Debit: $1,900
Credit: $0
Office Furniture (Asset) T Account:
Debit: $0
Credit: $1,900
Transaction 4: A firm purchased a computer for $2,300, to be paid in 60 days.
Computer (Asset) T Account:
Debit: $2,300
Credit: $0
Accounts Payable (Liability) T Account:
Debit: $0
Credit: $2,300
Transaction 5: A firm purchased office equipment for $9,800 on credit. The amount is due in 60 days.
Office Equipment (Asset) T Account:
Debit: $9,800
Credit: $0
Accounts Payable (Liability) T Account:
Debit: $0
Credit: $9,800
Transaction 6: Nancy Fowler withdrew $4,600 of her original cash investment.
Cash (Asset) T Account:
Debit: $0
Credit: $4,600
Owner's Equity T Account:
Debit: $4,600
Credit: $0
Transaction 7: A firm bought a delivery truck for $39,000 on credit; payment is due in 90 days.
Delivery Truck (Asset) T Account:
Debit: $39,000
Credit: $0
Accounts Payable (Liability) T Account:
Debit: $0
Credit: $39,000
Transaction 8: A firm issued a check for $2,100 to a supplier in partial payment of an open account balance.
Cash (Asset) T Account:
Debit: $0
Credit: $2,100
Accounts Payable (Liability) T Account:
Debit: $2,100
Credit: $0
By recording these transactions in the appropriate T accounts, we can see the changes in the different accounts and how they affect the overall financial position of the business.
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discuss the difficulty government may experience direct support for r&d and explain a complimentary approach that is used as an alternative
Answer:
Governments may have difficulty providing direct support for R&D due to budget constraints, fund allocation challenges, and the risk of supporting projects that may not yield desired results. They must balance competing priorities and assess the possible benefits and drawbacks of each project before allocating funds. There is always a risk of failure, which can undermine public trust in government-funded efforts.Governments can use tax alternatives or incentives to encourage private sector investment in R&D activities. This approach provides tax breaks or credits to businesses, promoting innovation and growth within the private sector without requiring direct government funding.Explanation:
● Governments may experience difficulties in providing direct support for R&D (research and development) due to a variety of factors, such as budget constraints, fund allocation challenges, and the risk of supporting projects that may not yield desired results.
1. Budget Constraints: While allocating funds for diverse initiatives, the government must balance competing priorities because it has limited resources. As a result, even though some projects have the potential to deliver considerable benefits, they may be underfunded or not funded at all.
2. Fund allocation challenges: Deciding how to allocate funds can be difficult because different projects may compete for the same pool of funds. Before considering how much funds to provide to each project, the government must carefully assess its possible benefits and drawbacks.
3. Risk of supporting projects that may not yield desired results: Despite large funding, there is always the possibility that a project will not produce the expected results. This might be due to a variety of circumstances, such as unforeseen technological issues, market shifts, or changes in government legislation. If the project fails to produce the anticipated results, it may be viewed as a waste of government resources, undermining public trust in government-funded efforts.
● A complimentary alternative approach that can be used by governments is the implementation of tax alternatives or incentives.
This approach involves providing tax breaks or credits to businesses that invest in R&D activities. This encourages private sector investment in research and development without requiring the government to allocate funds directly to specific projects. This method allows for more efficient fund allocation, as the government can focus on other priorities while still promoting innovation and growth within the private sector.
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Offering extrinsic rewards as a motivator fits best with which theory of learning?
Answer: Extrinsic Motivation
Explanation:
Make sure to answer each question with its own separate graph that includes both supply and demand with its initial equilibrium price and quantity (labeled as
P1 and Q1) and then the shift in either the supply or demand curve (not both) to find the new equilibrium price and quantity (labeled as P2 and Q2) to answer the question. The graphs are worth
1/2 the points and the analysis or causation is worth 1/2 the points. Due by 23:59 on Friday of week 1.
1) Using the information bellow, Draw the Demand and Supply Curves for Candy Bars and find the equilibrium price and quantity. Hint: Demand goes down to the ground and Supply goes up to the sky.
Demand
P Q
$1.25 1
$100 2
$0.75 3
$0.50 4
$0.25 5
Supply
P Q
$1.25 8
$1.00 7
$0.75 5
$0.50 3
$0.25 1
Now show what happens to the equilibrium price and quantity due to the following events or shocks. Each shock will impact either one of the 5 determinants of Demand and shift the demand curve or it will impact one of the 6 determinants of Supply and shift the
supply curve. Hint: Increases in supply or demand shift the curve to the right and decreases in supply or demand shift the curve to the left. (Less:left). Make sure you do a separate graph for each event/question starting with the initial equilibrium and then showing the
shift in either the supply and demand curve. Then make sure that you show the new equilibrium price and quantity. You can leave it in the general form and use P1 and Q1 for your initial equilibrium price and quantity and P2 and Q2 for the new price and quantity.
Similar to the graphs in the power point lectures. If it helps you to make up a new numerical price and quantity that is fine. (Please note: this is similar to the questions on the Supply and Demand exam.)
2) candy stops heart disease
3) the price of chocolate increases
4) Tech. advances in how candy is made
5) we tax candy.
Again, make sure to draw a graph for each question that starts with supply and demand and the initial equilibrium price (P1) and quantity (Q1).
2) Candy stops heart disease:
- This event impacts the demand for candy.
- The demand curve for candy will shift to the right, indicating an increase in demand.
- The new equilibrium price (P2) and quantity (Q2) will be higher than the initial equilibrium price (P1) and quantity (Q1).
3) The price of chocolate increases:
- This event impacts the demand for candy.
- The demand curve for candy will shift to the left, indicating a decrease in demand.
- The new equilibrium price (P2) and quantity (Q2) will be lower than the initial equilibrium price (P1) and quantity (Q1).
4) Tech. advances in how candy is made:
- This event impacts the supply of candy.
- The supply curve for candy will shift to the right, indicating an increase in supply.
- The new equilibrium price (P2) and quantity (Q2) will be lower than the initial equilibrium price (P1) and quantity (Q1).
5) We tax candy:
- This event impacts the demand for candy.
- The demand curve for candy will shift to the left, indicating a decrease in demand.
- The new equilibrium price (P2) and quantity (Q2) will be lower than the initial equilibrium price (P1) and quantity (Q1).
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The batch size is tripled on a resource that has a setup time. What is the likely impact on the resource’s capacity?.
When the batch size is tripled on a resource that has a setup time, the likely impact on the resource's capacity is an increase in the capacity utilization rate and a decrease in the capacity of the resource.
A batch size is the quantity of a particular item or product that is processed or produced in a single batch. It is a production technique that involves the manufacturing of a specific number of products at once. Batch processing has a number of advantages, including reduced setup time and greater quality control.On the other hand, capacity refers to the maximum number of products or services that a business can produce in a specific period of time. It is generally expressed in terms of units produced per hour, day, or month.
If a resource is capable of producing 100 units per hour, its capacity is 100 units per hour. In a resource that has a setup time, the batch size is an essential factor in determining the resource's capacity. The setup time is the amount of time required to set up a resource for a new batch of production. When the batch size is tripled on a resource that has a setup time, the capacity utilization rate increases, while the resource's capacity decreases. A higher utilization rate means that the resource is producing more output with less idle time, but it also means that the resource is closer to its maximum capacity.
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___ requrements are courses that build knowledge and skills in a specific field.
A. major
B. general studies
C. specialization
D. elective
D. elective requrement are courses that build knowledge and skills in a specific field
Of those listed below, the best example of a pure public good is a. a public school b. a radio broadcast c. a hardcover copy of a book d. a rock concert held in a small auditorium
Answer:
b. a radio broadcast
Explanation:
The pure public good is a good which is non-rivalrous and non-excludable. Non-rivalrous represents that the goods does not diminshed in the case when more people consumed it while on the other hand, the non-excludable represents that the goods are available to all
Therefore as per the given options, the option b is correct
hence, the other options are incorrect
Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses Purchases of raw materials Direct labor $216,000 $ 261,000 7 Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead cost $ 151,000 $ 377,000 $360,000 Inventory balances at the beginning and end of the year were as follows: Beginning $ 50,000 Ending $ 30,000 Raw materials Work in process Finished goods 7 $ 32,000 $ 33,000 The total manufacturing costs added to production for the year were $685,000; the cost of goods available for sale totaled $750,000; the unadjusted cost of goods sold totaled $662,000; and the net operating income was $37,000. The company's underapplied or overapplied overhead is closed to Cost of Goods Sold. Required: Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement. (Hint: Prepare the income statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured.) Complete this question by entering your answers in the tabs below. COGS COGM Income Statement Schedule Schedule Prepare an income statement for the year. Superior Company Income Statement Selling and administrative expenses: Check my work Complete this question by entering your answers in the tabs below. Income COGS Statement Schedule COGM Schedule Prepare a schedule of cost of goods sold. Superior Company Schedule of Cost of Goods Sold Adjusted cost of goods sold Prepare a schedule of cost of goods manufactured. Direct materials: Total raw materials available Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured Superior Company Schedule of Cost Goods Manufactured
Superior Company Income Statement for the year ended December 31
Sales Revenue $699,000
Cost of Goods Sold:
Beginning Inventory (Work in Process) $32,000
Add Cost of Goods Manufactured $665,000
Goods Available for Sale $697,000
Less Ending Inventory (Finished Goods) $33,000
Cost of Goods Sold $664,000
Gross Profit $35,000
Selling and Administrative Expenses $216,000
Net Operating Income $19,000
COGS Schedule:
- Beginning Work in Process Inventory: $50,000
- Add Direct Materials: $261,000
- Add Direct Labor: $151,000
- Add Manufacturing Overhead Applied: $333,000 ($470,000 − $137,000)
- Total Cost of Work in Process: $795,000
- Less Ending Work in Process Inventory: $32,000
- Cost of Goods Manufactured: $763,000
COGM Schedule:
- Beginning Raw Materials Inventory: $7,000
- Add Purchases of Raw Materials: $261,000
- Total Raw Materials Available: $268,000
- Less Ending Raw Materials Inventory: $32,000
- Direct Materials Used in Production: $236,000
- Direct Labor: $151,000
- Manufacturing Overhead: $333,000 ($470,000 − $137,000)
- Total Manufacturing Costs Added: $720,000
- Add Beginning Work in Process: $50,000
- Total Manufacturing Costs to Account For: $770,000
- Less Ending Work in Process: $32,000
- Cost of Goods Manufactured: $738,000
Income Statement:
- Sales: $699,000
- Less Cost of Goods Sold: $664,000
- Gross Profit: $35,000
- Less Selling and Administrative Expenses: $216,000
- Net Operating Income: $19,000
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What is meant by 'internal communication'
Answer:
Internal Communication is a Function responsible for effective communications among participants within an organization. The scope of the function varies by organization and practitioner, from producing and delivering messages and campaigns on behalf of management, to facilitating two-way dialogue and developing the communication skills of the organization's participants.
Five years ago Thompson, an investor, ran across a board game that he enjoyed and believed the game would become very popular. He purchased 1,000 shares of the corporation that publishes the game. Unfortunately, the game was too complex for most casual game players and sales never amounted to much. Over the five years, the stock of the publisher has remained steady, but has not increased in value. This is an example of
This is an example of Business risk.
Business risk is the business a company Invested their money into which later reduce their profit or become unsuccessful.
A company or organization that enter into business in which they are unable to gain that financial target they aim for after investing their money into the business is known as business risk.
Any Business a person, company or organization choose to enter into is a risk as you cannot actually predict what the outcome will be as to whether it will lead to financial gain or loss until you start the business.
Inconclusion This is an example of Business risk
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Answer:
Business Risk! Believe it!
Explanation:
Which table correctly lists the assets and liabilities?
A 2-column table with 4 rows. Column 1 is labeled Assets with entries leased car, mortgaged home, credit card debt, tax bill. Column 2 is labeled Liabilities with entries car, home, savings bond, stocks.
A 2-column table with 4 rows. Column 1 is labeled Assets with entries car, home, credit card debt, tax bill. Column 2 is labeled Liabilities with entries leased car, mortgaged home, savings bond, stocks.
A 2-column table with 4 rows. Column 1 is labeled Assets with entries leased car, mortgaged home, savings bond, stocks. Column 2 is labeled Liabilities with entries car, home, credit card debt, tax bill.
A 2-column table with 4 rows. Column 1 is labeled Assets with entries car, home, savings bond, stocks. Column 2 is labeled Liabilities with entries leased car, mortgaged home, credit card debt, tax bill.
Answer:
A 2-column table with 4 rows. Column 1 is labeled Assets with entries car, home, savings bond, stocks. Column 2 is labeled Liabilities with entries leased car, mortgaged home, credit card debt, tax bill.
Explanation:
An asset is a valuable item that a person or a corporation owns. An asset has an economic or monetary value attached to it. It is a resource used in generating future benefits, save costs, or produce goods and services. From the list provided, a car, home, savings bond, stocks represent assets.
Liabilities are things or money owed. They are debts or obligations to be met. A mortgage is a debt; hence it is a liability. A leased car belongs to someone else and presents an obligation to pay, making it a liability. The tax bill is a debt.
Answer:
The answer is D.
Hope you past the Cumulative Exam Review!
Explanation:
TRUE OR FALSE Developing a viable business model requires that a firm sell goods or services for more than it costs the firm to create and distribute those goods.
The given statement "Developing a viable business model requires that a firm sell goods or services for more than it costs the firm to create and distribute those goods." is TRUE because it should generate profits.
Developing a viable business model requires that a firm sells goods or services for more than it costs the firm to create and distribute those goods. This fundamental principle is essential for generating profits and ensuring the sustainability and success of the business.
A business model outlines how a company creates value, delivers it to customers, and generates revenue. In order to be viable, the revenue generated from selling goods or services must exceed the costs incurred in producing and distributing them. This is commonly referred to as achieving a positive margin or profit.
By selling goods or services at a price higher than the production and distribution costs, a company can cover its expenses and generate a profit. This profit is crucial for reinvesting in the business, supporting growth, attracting investors, and rewarding stakeholders.
If a firm consistently sells goods or services for less than its costs, it will experience losses and face financial challenges. This unsustainable situation can lead to financial distress, reduced competitiveness, and ultimately, business failure.
Hence, a viable business model requires careful consideration of pricing strategies, cost management, and ensuring that the value created for customers exceeds the costs incurred by the firm.
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When events generated by a random process have deviated from the population average in a short run, individuals may erroneously believe that the opposite deviation becomes more likely. This summarizes the _____.
Answers:
illusion of control
gambler's fallacy
switching and double switching
inherent memory bias
This event summarizes the inherent memory bias.
What is a memory bias?A memory bias is a cognitive bias that modifies the content of what we remember, which either makes it easier or harder to recall a memory. These memory aberrations demonstrate that memories are not precisely maintained as copies of reality. Gordon Bower, a cognitive psychologist, argues that during recall, our memories are actually rebuilt. They are susceptible to manipulation and inaccuracies because of the recall process. The memory bias is, technically speaking, a collection of numerous cognitive biases. Some types of memory bias can protect us from painful memories, for example, while others can be detrimental, such as when we base our decisions on the most recent information rather than the most pertinent information.
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4. Suki will soon turn 18 and wants to move into her own apartment in a few years. But she is
worried that she won't be able to rent an apartment without any credit history. What can Suki do
to start building a good credit hitary?
a. Rent an apartment with a friend who already has signed a lease.
b. Continue to use her debit card responsibly, being careful to not overdraw on the account
C. Close her checking account to avoid bouncing a check.
d. Get and use a store credit card or major credit card and pay off amounts due each month.
Answer:
D
Explanation:
thia will help her build credit