Which principles of financial management discussed in thischapter are most relevant to the case of the Newseum?

Answers

Answer 1

The most relevant principles of financial management discussed in this chapter for the case of the Newseum include financial planning, budgeting, risk management, and capital structure management.

The principles of financial management

Adequate financing - this principle applies in the case of the Newseum as it's necessary to ensure that it has enough capital to support its operations. The Newseum was running short of cash, and it had to rely on bank loans for it to sustain its operations. The Museum also had to sell its shares to generate funds.

Cash is king- The Newseum was facing a cash crisis, and thus cash management is critical. This principle asserts that the company must manage its cash effectively to meet its immediate financial needs while investing surplus cash to maximize profits. The Newseum, for instance, was selling off its exhibits to gain some cash.

Accounting matters- Proper financial reporting is essential for the success of any organization. Accounting principles provide the rules and procedures necessary for reporting a company's financial transactions accurately.

The Newseum should have an efficient accounting system to ensure that the financial statements produced are accurate and reliable. This will ensure that stakeholders get accurate information about the museum's financial performance.

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Related Questions

real estate can be purchased under a land contract, also called

Answers

a contract for deed or installment contract. In this type of agreement, the seller retains legal title to the property until the buyer fulfills the payment obligations, which are usually paid in installments over a set period of time.

The buyer is given possession of the property and has equitable title, but legal title remains with the seller until the contract is fully paid. Once the contract is paid in full, the seller transfers legal title to the buyer.

This type of arrangement can be beneficial for buyers who may not be able to obtain traditional financing or who may not have the necessary funds for a down payment. It can also benefit sellers who are willing to finance the sale of their property and collect payments over time. However, land contracts may also have risks for both parties, including the possibility of default, foreclosure, and legal disputes. It is important for both the buyer and seller to carefully consider the terms of the agreement and consult with legal and financial professionals before entering into a land contract.

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two models that utilize quantitative data, to help determine the attractiveness of one location versus another, are the break-even model and the extrapolated average cost model two models that utilize quantitative data, to help determine the attractiveness of one location versus another, are the break-even model and the extrapolated average cost model true false

Answers

False. The extended average cost model and two models that use quantitative data to assess the attractiveness of various locations.

What is the normal production cost?

The price a company is paying per unit while producing a good or offering a service is known as its average cost of manufacturing. Labor, natural resources, or disposable supplies may all be included in production costs. The term "cost of production" in economics refers to the expenses incurred to obtain the production factors as labour, land, and capital—necessary for the manufacture of a good. For instance, the cost of creating a car tyre may include the purchase of rubber, labour to create the tyre, and a number of manufacturing supplies.

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what are the sources of return on an investment? what are the differences among the expected return, the required return, and the realized return?

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The money gained or lost on an investment over time is referred to as a return, often known as a financial return.

The nominal change in the dollar value of an investment over time can be used to express a return. Realized return is a return that was attained in the past, whereas expected return is a return that is predicted to occur in the future. Certain the asset's risk, a necessary return is the bare minimum projected return that an investor needs to invest in it over a given time frame. The anticipated profit or loss on an investment with known historical return rates is known as the expected return (RoR).

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1) State with reasons, the method you would adopt to price materials into production.
i.)in a period of rapidly increasing prices of the material,
ii). in a period of rapidly reducing prices of the material.​

Answers

The method you would adopt to price materials into production:

i) In a period of rapidly increasing prices of the material is price penetration

ii). in a period of rapidly reducing prices of the material is price skimming

What is pricing methods?

Pricing Methods are the ways in which the price of goods and services are determined. It is computed from all factors such as the resources and materials used for production.

In a period of rapidly increasing prices of the material you maintain a low price because of competitive market and then raise the price later. It called penetration price

In a period of rapidly reducing prices of the material use price skimming where you maintain your high price of selling and lower it as the market evolves.

Therefore, different pricing strategy works for different period and market season.

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give short introduction about tourism industry​

Answers

Answer:

Tourism industry is the industry that manages all the resources related to the tourism like hotel management, guides and many more. Tourism industry is very beneficial for the developing countries like Nepal, India and many more. Through it there will be economic development in the country. And from the economical development the citizens of the country can get facilities.

Answer:

Explanation: Tourism is the activities of people traveling to and staying in places outside their usual environment for leisure, business or other purposes for not more than one consecutive year.1.Domestic Tourism -Domestic tourism is the act of travelling for business or leisure within one’s home country2.International tourism-International tourisminvolves tourist who are traveling to different countries.

The record date for a company's cash dividend is thursday, october 7. what is the latest date a customer may purchase the stock for regular-way settlement in order to receive this dividend?

Answers

A customer may purchase the stock for regular-way settlement in order to receive this dividend on Wednesday, October 6.

A cash dividend is when a company pays investors out of its profits in the form of cash (checks or wire transfers). This transfers economic value from the company to its shareholders instead of the company using money to operate.

Cash dividends primarily affect the cash and equity accounts. There is no separate balance sheet account after the dividend is paid. However, after the declaration of dividends and before the actual payment, the company records its liability to shareholders in the dividend payment account.

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After a bank reconciliation has been completed these transactions are listed as ____ to the cash balance? ? need help taking A p e x quiz now!!! don't have time to be chasing a link!
A. Journal entries
B. Credits
C. Adjustments
D. debits

Answers

Answer:

A

Explanation:

After adjusting the balances as per the bank and as per the books, the adjusted amounts should be the same. If they are still not equal, you will have to repeat the process of reconciliation again.

Once the balances are equal, businesses need to prepare journal entries for the adjustments to the balance per books.

Answer:The answer is C

Explanation:

Just took the test

what are the two general areas of specialization in accounting?

Answers

Answer:

Financial Accounting. Financial accounting is an area of accounting that deals with the recording, classifying, reporting and interpreting of a business financial performance and economic conditions to interested users ...

Managerial Accounting. Managerial Accounting is an area of accounting that deals with accumulation of financial information and preparation of reports for internal users only, like the company’s management or ...

Cost Accounting. Cost Accounting is an area of accounting that captures and accumulates manufacturing or production costs for internal use of an entity’s management, used in decision making purpose.

Explanation:

Achievement of strategic goals through organization development is likely to fail if
O it involves new-direction innovation
O top managers are not committed
O leaders employ an innovation strategy
O the organization does not understand the competition

Answers

Answer: Influence is the answer

Explanation:

Why is it important for public corporations to comply with audits

Answers

Answer:

Explanation:

Accounting and auditing professionals serve an absolutely vital role in our capital markets. Transparent, informative and accurate financial reporting are the lifeblood of the capital markets and are essential for investors to make informed decisions as to how to allocate their capital.

Estimated cost and operating data for three companies for the upcoming year follow:
Predetermined overhead rates are computed using the following allocation bases in the three companies:
(b) Assume that Company X works on three jobs during the upcoming year. Direct labor-hours recorded by job are: Job 418,12,000 hours; Job 419,36,000 hours; and Job 420,30,000 hours. How much overhead will the company apply to Work in Process for the year? If actual overhead costs total 530,000 for the year, will overhead be underapplied or overapplied? By how much?

Answers

Estimated cost and operating data for three companies for the upcoming year the Predetermined Overhead Rate:

Calculation is attached in the image.

The foreordained overhead charge may be a plantwide overhead fee based on the assessed add as much as overhead fetched and the evaluated upload as much as overhead driver. The charge is utilized to apply overhead costs to employments in a task-order costing framework.

First, we want to determine the predetermined overhead fee:

Predetermined production overhead rate= total envisioned overhead expenses for the period/ overall amount of allocation base.

Now, to calculate the over/under allocation, first, we need to allocate overhead for the entire employer.

allotted MOH= predicted

production overhead fee* real quantity of allocation base.

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Estimated cost and operating data for three companies for the upcoming year follow:Predetermined overhead
Estimated cost and operating data for three companies for the upcoming year follow:Predetermined overhead

An insurance company has a combined ratio of 0.98, overall operating ratio of 1.57 and an expense ratio of 0.53, based on this information what is the company's loss ratio?

Answers

The company's loss ratio can be calculated by subtracting the expense ratio from the overall operating ratio: 1.57 - 0.53 = 1.04. Therefore, the company's loss ratio is 1.04.

The loss ratio represents the proportion of insurance claims paid out compared to the premiums earned. In this case, the overall operating ratio includes both the loss ratio and the expense ratio. By subtracting the expense ratio from the overall operating ratio, we isolate the loss ratio. Thus, the company's loss ratio is 1.04.

Sure! Let's break it down further.

The combined ratio of an insurance company is the sum of the loss ratio and the expense ratio. In this case, the combined ratio is given as 0.98. The combined ratio is a measure of the company's overall profitability, where a value below 1 indicates profitability.

The overall operating ratio is a broader measure that includes not only the loss ratio but also other operating expenses and income. In this case, the overall operating ratio is given as 1.57.

The expense ratio represents the proportion of operating expenses to the premiums earned. In this case, the expense ratio is given as 0.53.

To find the loss ratio, we need to isolate it from the overall operating ratio. We can do this by subtracting the expense ratio from the overall operating ratio: 1.57 - 0.53 = 1.04. therefore, the company's loss ratio is 1.04, indicating that 104% of the premiums earned are being paid out as insurance claims.

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what is a land as a factor of production

Answers

Answer:

see below

Explanation:

Land as a factor of production will comprise the natural resources found beneath, on, and above the earth's surface. Land will therefore include the fertile land/soils used for agricultural productions, minerals, oil and gas, forests, water, and the space used to put up factories and businesses.

Land consists mostly of natural resources occurring on earth. The other factors of production consist of capital, labor, and entrepreneurship.

8,000 units in june. a 40 percent increase is expected in july. the company will maintain 6 percent of expected unit sales for july in ending inventory. beginning inventory for july was 200 units. how many units should the company produce in july

Answers

The beginning inventory for July was 200 units. The company should produce 11,672 units in July.

To find the number of units the company should produce in July,

we need to calculate the expected unit sales for July and the ending inventory for July, and then subtract the beginning inventory from the sum of those two numbers.

Step 1: Calculate the expected unit sales for July.
A 40% increase from 8,000 units in June would be 8,000 x 0.40 = 3,200 units.

So the expected unit sales for July would be 8,000 + 3,200 = 11,200 units.

Step 2: Calculate the ending inventory for July.
The company will maintain 6% of expected unit sales for July in ending inventory,

so 11,200 x 0.06 = 672 units.

Step 3: Subtract the beginning inventory from the sum of the expected unit sales and ending inventory.
11,200 + 672 - 200 = 11,672 units

Therefore, the company should produce 11,672 units in July.

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what is multi mirror function in shopping malls and shop​

Answers

Big shoppin stores are inside a large complex and it is not possible to have so many employees to look over each and every counter in the complex individually . So owners have to find something by which they could look over a large place at once and in this way the mampower required would also be less. So, to attain this need ,they use convex mirrors to watch the activities of the customers . Convex mirror is used as it has a large field of view , hence it allow the shopkeeper to track all the activities inside the store at once and for all.

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What does a risk mean in regard to investments?



A. Uncertain outcomes
B. Certain outcomes
C. High rate of return
D. Low rate of return
E. Both A and C
regard to investments?
F. Both B and D

Answers

Every investment-related uncertainty that has the potential to have a negative influence on your financial well-being is referred to be a risk.

What are risk mean in regard to investments?

It is the possibility of losing the money invested if the security's fair price drops. Higher returns are offered by riskier securities. Market risk is a major component of the risk, but it is not the only one. Other risk categories include inflation risk, reinvestment risk, and credit risk, among others. For instance, market circumstances might influence the value of your investment to increase or decrease (market risk).

Market risk, credit risk, operational risk, strategic risk, liquidity risk, and event risk are just a few of the categories into which risks may be divided. One of the risk categories with the highest priority for every firm is financial risk. Financial risk is a result of market fluctuations, which may be influenced by a variety of causes.

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RJ has two loans. Loan H has a nominal rate of 5. 68%, compounded daily. Loan I has a nominal rate of 6. 33%, compounded monthly. Which loan's effective rate had the greater increase, relative to its nominal rate, and how much greater is its increase than that of the other loan? a. Loan I’s increase was 0. 03 percentage points greater than Loan H’s. B. Loan I’s increase was 0. 68 percentage points greater than Loan H’s. C. Loan H’s increase was 0. 16 percentage points greater than Loan I’s. D. Loan H’s increase was 0. 49 percentage points greater than Loan I’s. Please select the best answer from the choices provided A B C D.

Answers

The loan with the greater increase in effective rate is the loan (I). It is greater by 0.19%.

What is the effective rate?

The effective rate is also called the actual rate paid on a loan. It takes into account the effect of compounding.

Formula:

\(\text{i}=(1+\dfrac{r}{m})^m-1\)

Where, r = Nominal Rate,

m= number of compounding.

Computation of Effective interest rate:

The effective rate of interest of loan (H) is:

\(\text{i}=(1+\dfrac{r}{m})^m-1\\\\\text{i}=(1+0.0568365)^3^6^5-1\\\\\text{i}=0.058439\\\\I=0.058439\times{100}\\I=5.8439\%\)

The effective rate of interest of loan (I) is:

\(\text{i}=(1+\dfrac{r}{m})^m-1\\\\\text{i}=(1+0.063312)^1^2-1\\\\\text{i}=0.065169\\\\I=0.065169\times{100}\\I=6.5169%\)

The differences between the effective rate and the nominal rates of the loans:

Loan H = 5.84%—5.68% = 0.16%

Loan I = 6.52%—6.33% = 0.19%

Therefore, the difference of interest of loan (I) is more than the loan (H) by 0.19%.

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give me goals you want to reach for sales, profit, market share, market visibility, etc
and your marketing strategy that will help you accomplish them.

Answers

The long-term objectives of marketing strategy could be lead generation, market share expansion. Sales has set short-term objectives designed to hit quotas, build the pipeline, and close deals swiftly.

What do you mean by the marketing strategy?

A marketing strategy is a long-term plan for attaining a business' objectives through an understanding of client needs and the development of a distinct and long-lasting competitive advantage.

It includes everything, from choosing which channels to utilize to contact your customers to figuring out who they are.

A business aim is a destination, feat, or objective the corporation hopes to reach in the short- or long-term.

Therefore, the long-term objectives of marketing strategy could be lead generation, market share expansion. Sales has set short-term objectives designed to hit quotas, build the pipeline, and close deals swiftly.

Reaching your target audience and communicating the advantages of your product or service are the goals of marketing, which will help you attract, retain, and grow your customer base.

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Select the correct answer.
Oliver is busy planning the launch of his new company. He hired a business professional to act as the interim CEO and asked for a report on the
possible controllable risks the company could face. Which risk would be deemed as controllable?

Answers

Oliver is busy planning the launch of his new company. He hired a business professional to act as the interim CEO and asked for a report on the possible controllable risks the company. The firm’s IT architecture risk would be deemed as controllable.

What is a business?

A business can be referred to as an organization or enterprising entity that engages in professional, commercial or industrial activities. There are different types of businesses like sole proprietorships, partnerships, corporations, and more.

The businesses are basically work for profit motive. Businesses can be small-scale or large-scale. Some of the biggest businesses in the world are Amazon and Walmart.

There are different types of partners in a business. The persons who owns the shares of the company is known as shareholder. The partner who can lose only what he or she has invested in a business is the general manager.

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Answer:

i think A edmentum

When a company strives to achieve lower overall costs than rivals and appeals to a broad spectrum of customers, it pursues Multiple choice question. an overall low-cost provider strategy. a focused low-cost strategy. a best-cost provider strategy. a broad differentiation strategy.

Answers

Answer:

an overall low-cost provider strategy.

Explanation:

Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.

This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.

A overall low-cost provider strategy is a strategic business model that's typically focused on a broad customer base (segment) while still making profit by providing low-cost goods and services to the customers, as well as underpricing rivals in the same industry.

This ultimately implies that, it is a business strategy that involves lowering the price of goods and services in order to stimulate demand, generate more revenue, draw more customers and gain a competitive advantage over competitors or rivals in the same industry.

Hence, when a company strives to achieve lower overall costs than its rivals in the same industry and appeals to a broad spectrum of customers, it is considered to pursue an overall low-cost provider strategy.

the data below represent the demand for a new aftershave in a shop for each of the last 7 months.
Month 1 2 3 4 5 6 7
Demand 25 27 30 40 41 43 45
a.Calculate a two-month moving average for months two to seven. What would be your forecast for the demand in month eight?
b.Apply exponential smoothing with a smoothing constant of 0.1 to derive a forecast for the demand in month eight.
c.Which of the two forecasts for month eight do you prefer and why?

Answers

To calculate the two-month moving average, we add the demand values for months two to seven and divide the sum by 6 (number of months). The calculation is as follows:

(27 + 30 + 40 + 41 + 43 + 45) / 6 = 226 / 6 = 37.67

Therefore, the forecast for the demand in month eight using the two-month moving average is approximately 37.67.

To apply exponential smoothing with a smoothing constant of 0.1, we start with the demand value of month seven as the initial forecast. The calculation is as follows:

Forecast for month eight = Smoothing constant * (Demand for month seven) + (1 - Smoothing constant) * (Previous forecast)

Forecast for month eight = 0.1 * 45 + 0.9 * 45 = 4.5 + 40.5 = 45

Therefore, the forecast for the demand in month eight using exponential smoothing is 45.

In this case, both forecasts for month eight are identical. Both the two-month moving average and exponential smoothing methods yield a forecast of 45. Therefore, there is no preference between the two forecasts as they provide the same result.

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Can someone please fill out this chart for accounting 1. will give brainliest and 100 points

Can someone please fill out this chart for accounting 1. will give brainliest and 100 points
Can someone please fill out this chart for accounting 1. will give brainliest and 100 points

Answers

Answer:

     Sadly, I cannot answer, bacuase you are not showing us what is supposed to be filled out, nor any choices to fil it out with. If you were to give us the questions typed out, I’d be happy to answer!

What does the phrase "like animals escaped from their caves" imply about the sun's impact on the children?

Answers

the sun being out causes children to come outside and “escape from their homes” to enjoy the sun. without the sun (rain or cloudy weather), children will most likely stay inside

Which is most likely to happen to consumers with good credit? Check all that apply.

Answers

Answer:

They can use credit in emergencies. A form must be filled out when someone is hired for a job to determine how much income tax will be withheld.

Explanation:

Before the Industrial Revolution, the doctrine of ________ governed the employment relationship in the United States.

Answers

The philosophy of laissez-faire ruled the job relationship in the United States prior to the Industrial Revolution. Hence, the correct answer is laissez-faire.

What exactly was the Industrial Revolution?

The Industrial Revolution was the transition to new industrial processes that occurred in the United Kingdom, continental Europe, and the United States between around 1760 and 1820-1840. The transition from hand to machine production methods, new chemical manufacturing, and iron production processes, increasing use of steam and water power, machine tool development, and the formation of the mechanized industrial system was all part of this change. Output increased substantially, leading to record increases in population and population growth rate. In terms of employment, output value, and capital invested, textiles dominated the Industrial Revolution. The textile industry was also the first to use modern production processes.

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A Sad Tale: The Demise of Arthur Andersen
In January 2002, there were five major public accounting firms: Arthur Andersen, Deloitte Touche, KPMG, Price Waterhouse-Coopers, and Ernst & Young. By late fall of that year, the number had been reduced to four. Arthur Andersen became the first major public accounting firm to be found guilty of a felony (a conviction later overturned), and as a result it virtually ceased to exist.
That such a fate could befall Andersen is especially sad given its early history. When Andersen and Company was established in 1918, it was led by Arthur Andersen, an acknowledged man of principle, and the company had a credo that became firmly embedded in the culture: "Think Straight and Talk Straight." Andersen became an industry leader partly based on high ethical principles and integrity.
How did a one-time industry leader find itself in a position where it received a corporate death penalty over ethical issues? First, the market changed. During the 1980s, a boom in mergers and acquisitions and the emergence of information technology fueled the growth of an extremely profitable consulting practice at Andersen. The profits from consulting contracts soon exceeded the profits from auditing,
removed him from auditing responsibilities at Enron-in response to a request from Enron management.
Playing Hardball and Losing
The SEC was determined to make an example of Andersen. The U.S. Justice Department began a criminal investigation, but investigators were willing to explore some "settlement options" in return for Andersen's cooperation. However, Andersen's senior management appeared arrogant and failed to grasp the political mood in Congress and in the country after a series of business scandals that had brought more than one large company to bankruptcy.
After several months of sparring with the Andersen senior management team, the Justice Department charged Andersen with a felony offense-obstruction of justice. Andersen was found guilty in 2002 of illegally instructing its employees to destroy documents relating to Enron, even as the government was conducting inquiries into Enron's finances. During the trial, government lawyers argued that by instructing its staff to "undertake an unprecedented campaign of document destruction," Andersen had obstructed the government's investigation.
Since a firm convicted of a felony cannot audit a publicly held company, the conviction spelled the end for Andersen. But even before the guilty verdict, there had been a massive defection of Andersen clients to other accounting firms. The evidence presented at trial showed a breakdown in Andersen's internal controls, a lack of leadership, and an environment in Andersen's Houston office that fostered recklessness and unethical behavior by some partners.
In 2005, the United States Supreme Court unanimously overturned the Andersen conviction on the grounds that the jury was given overly broad instructions by the federal judge who presided over the case. But by then it was too late. Most of the Andersen partners had either retired or gone to work for former competitors, and the company had all but ceased to exist.
Can the demise of Andersen be blamed on the fact that the market began rewarding consulting services of the kind Andersen could provide?

Answers

The demise of Arthur Andersen cannot be solely blamed on the market rewarding consulting services. While the growth of the consulting practice at Andersen played a role in the firm's success during the 1980s, it was a combination of factors that led to its downfall.

One major factor was the ethical issues surrounding Andersen's involvement in the Enron scandal. Andersen's auditors were accused of not properly reporting Enron's fraudulent accounting practices, which eventually led to Enron's collapse. The subsequent criminal investigation and charges of obstruction of justice against Andersen tarnished its reputation and resulted in the loss of trust from clients and the public.Andersen's senior management's handling of the situation also contributed to its demise.

The guilty verdict of obstruction of justice sealed Andersen's fate, as a felony conviction prohibited the firm from auditing publicly held companies. However, even before the verdict, many clients had already defected to other accounting firms due to the breakdown in Andersen's internal controls, lack of leadership, and the unethical behavior of some partners in the Houston office. Although the United States Supreme Court later overturned the conviction based on the jury's broad instructions, by that time, Andersen had already suffered irreparable damage. Most partners had retired or joined rival firms, and the company effectively ceased to exist.

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Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional questions.
Online Content: Site 1
Explain why two employees at a company, earning the same gross pay, might have different net pays.
How are hourly and salaried gross pay calculated?

Answers

Answer:1)One employee may have more deductions than the other employee, such as a larger number of dependents, or may be choosing to pay more of her paycheck into Social Security. 2)Hourly Gross Pay is calculated by multiplying the number of hours worked in the pay period times the hourly pay rate. Overtime pay is also included in the gross pay calculation. Gross pay for salaried employees is calculated by dividing the total annual pay for that employee by the number of pay periods in a year.

A marketer is keeping track of the revenue generated by his campaign. He wants to
see a specified return-on-investment for his monthly ad spend.
Which type of automated bidding strategy will meet his needs?
An awareness-based bidding strategy
A conversion-focused bidding strategy
A revenue-focused bidding strategy
A consideration-focused bidding strategy

Answers

Answer:

C). A revenue-focused bidding strategy.

Explanation:

As per the details given in the question, 'a revenue-focused bidding strategy' will most likely assist the marketer in upkeeping his needs as his key focus is to discern a particular return on his investment that he made for the monthly ad spend made by him. This automated strategy of bidding will allow him to keep track of the revenue and escalate the return. Thus, option C is the correct answer.

Boxwood Company sells blankets for $32 each. The following information was taken from the inventory records during May. The company had no beginning inventory on May 1, Boxwood uses a perpetual inventory system. Date Blankets Units Cost May 3 Purchase 7 $15 10 Sale 5 17 Purchase 16 $16 20 Sale 6 23 Sale 2 30 Purchase 8 $22 Determine the cost of goods sold for the sale of May 20 using the FIFO inventory costing method. Oa, 5171 Ob. $126 Oc. $92 Od 594

Answers

Using the FIFO inventory costing method, the cost of goods sold for the sale of May 20 is d. $94.

What is the FIFO method?

The FIFO method is a costing assumption that goods are sold in chronological order of purchase or production.

Therefore, the cost of goods sold is based on this chronological assumption.

The chronological order means that the first units bought or produced are the first to be sold.

The implication is that the cost of the ending inventory represents the costs of units bought later.

Selling price per unit = $32

Inventory Records:

Date       Blankets      Units     Cost

May 3    Purchase 7     $15

May 10  Sale         5

May 17  Purchase 16    $16

May 20 Sale          6

May 23 Sale          2

May 30 Purchase 8    $22

Cost of goods sold on May 20 = $94 (2 x $15 + 4 x $16)

Thus, for the May 20 cost of goods sold, using FIFO, the value is Option D.

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Question Completion with Answer Options:

a, $171

b. $126

c. $92

d. $94

The money demand curve is downward sloping because:.

Answers

Because lower interest rates
Other Questions
The roof on a shed is a square-based pyramid. if the base has a side length of 10 feet and the slant height of the roof is 9.4 feet, find the area of the roof. As a financial manager, you are attempting to assess the future dividend policy of Moonlight Corp. A close examination of the company's life cycle, you came up with the following preliminary analysis: The company anticipates no payout of earnings in the form of cash dividends during the development stage (I). During the growth stage (II), an anticipation of 10 percent of earnings will be distributed as dividends. As the firm progresses to the expansion stage (III), the payout ratio will go up to 20 percent, and eventually reach 40 percent during the maturity stage (IV). a. Assuming earnings per share will be as follows during each of the four stages, indicate the cash dividend per share (if any) during each stage. 3 marks, b1 Stage I.......... $ 0.50Stage II......... ...2.00Stage III............3.20 Stage IV ...........3.50 b. Assume in Stage IV that an investor owns 200 shares and is in a 20 percent tax bracket; what will be the investor's after-tax income from the cash dividend? 2 marks, b1 c. Analyse the stages when Moonlight Corp most likely to utilize stock dividends or stock splits. Provide a reasonable rationale. 5 marks, c1 Solve Z = 5x+2y-7/ 3wfor x. what is an analog computer? the impact of henry wickhams actions was the establishment of a cultivated rubber industry in: An industrial factory make 2 yards of chain every minute. The cost of each yard of chain is $4.56. What is the total cost for all chain produced in 20 minutes?A. $12.54B. $55.00C. $250.80D. $136.80 Find the GCF of the given polynomial 10X+7 Which of the following volcano types has the largest crater?compositecinder coneshieldStratovolcan Which sentence contains no useless words or phrases?A. There are no rats in the kitchen.B. As far as I know, there are no rats existing in the kitchen.C. She who knows about the rats in the kitchen is the one who leaves the kitchen.D. The fact that there are rats in the kitchen is proof that you never clean the kitchen. Which subject pronoun would you use when writing about each of these people? please help and add steps!!!! im stuck :( yesterday, Linda traveled 128 miles to visit her uncle. Her car used for gallons of gasoline. If Linda's car uses gasoline at the same rate, how many gallons of gasoline will her car used today when she travels 432 miles? Can someone please write a (1) paragraph please, about 160 words, about this, look at the pic, please and thank youalso use that format please SAT/ACT The first term in a sequence is -5, and each subsequent term is 6 more than the term that immediately precedes it. What is the value of the 104th term? A 607 Mohamm B 613 C 618 Smart Le D 619 After a company releases a promotional program, it should follow changes in sales during and after the promotion to see how sales were affected. This is known as _______. Explain three key conditions of, or events in, the development of German fascism. an airline serves a dinner to all the passengers on an airplane. they get their choice of steak or fish. three steak meals and three fish meals are set aside for the six-member crew. if the meals are distributed to the crew members randomly, what is the probability that both pilots get the fish? 3.2 Evaluate how technology has impacted on the organisations 3.3 Evaluate the different approaches to leadership and decision making in global organisations Suppose two firms compete by choosing advertising levels A1 and A2. The profit functions of each firm are given by:(A1, A2)= 10A1+ a A1 A2-A12and2(A1, A2)= 10A2+ a A1A2-A22,where a is a constant. These profit functions include the costs of advertising.Firms choose advertising levels simultaneously and once-and-for-all.(a) Suppose a = 1. Solve for the reaction functions of each firm and plot them on a graph. Find the Nash equilibrium levels of advertising, and the associated profit levels. Identify the Nash equilibrium on your graph.(b) Suppose a = 1. Solve for the reaction functions of each firm and plot them on a graph. Find the Nash equilibrium levels of advertising, and the associated profit levels. Identify the Nash equilibrium on your graph.(c) Why do the reaction functions you graphed in (a) look different from those in (b)?(d) Imagine that firm 1's profit function is changed to (A1, A2) = 11A1+ a A1 A2 - Ar, while 2's profit function is unchanged. Without redoing the math, explain using graphs of the old and new reaction functions how the equilibrium would change under each of (a) and (b). How does the qualitative effect of the change to 1's profit function on the resulting equilibrium differ in the two cases? 35) Which of the following span the phospholipids bilayer, usually a number of times? A) transmembrane proteins B) integral proteins C) peripheral proteins D) integrins E) glycoproteins