Answer:
the numbers are missing, so I looked for a similar question:
Purchases Sales Units Unit Cost Units Selling Price/Unit
3/1 Beginning inventory 100 $40
3/3 Purchase 60 $50
3/4 Sales 60 $80
3/10 Purchase 200 $55
3/16 Sales 70 $90
3/19 Sales 90 $90
3/25 Sales 60 $90
3/30 Purchase 40 $60
the requirements are:
calculate COGS and ending inventory under FIFO, LIFO and weighted average.
since this company uses the periodic inventory level we must first determine the total cost of goods available for sale:
3/1 Beginning inventory 100 $40
3/3 Purchase 60 $50
3/10 Purchase 200 $55
3/30 Purchase 40 $60
total goods available for sale = 400 units, at a total cost of $20,400
total units sold = 60 + 70 + 90 + 60 = 280 units
ending inventory = 120 units
under FIFO:
ending inventory = (40 x $60) + (80 x $55) = $6,800
COGS = $20,400 - $6,800 = $13,600
under LIFO:
ending inventory = (100 x $40) + (20 x $50) = $5,000
COGS = $20,400 - $5,000 = $15,400
under weighted average:
ending inventory = ($20,400 / 400) x 120 = $6,120
COGS = $20,400 - $6,120 = $14,280
To cater to the growing demand for luxury automobiles, Italy agrees to buy 5,000 cars from Comfort Cars Inc. in exchange for 5,000 barrels of oil. Since Comfort Cars Inc. is not seen as creditworthy, Italy decides to make this a one-time-only deal. What form of countertrade is Italy using
Answer: barter
Explanation:
Barter is an exchange system whereby money isn't used as the medium of exchange but rather, there's a direct exchange of goods or services.
From the question, we are given the information that Italy agrees to buy 5,000 cars from Comfort Cars Inc. in exchange for 5,000 barrels of oil. This shows that a barter system took place.
Sylvia is conducting a job analysis for the level one and level two account manager positions at her firm. In doing so, she should consult all of the following EXCEPT __________.
a. the Dictionary of Occupational Titles
b. role incumbents
c. supervisors
d. job applicants
Answer:
Option d: Job applicant
Explanation:
A job is simply defined as a group of related activities/duties.
Job Analysis is simply the task of collection information about the job that is to identification of tasks, duties, responsibilities and others that is done by human resources (HR) department, by observing, surveys, interviews, and other means. In Job analysis, there are different people or unit to consult in an organization when carrying it out e. g supervisor. A job applicant have no business with a job analysis as it is not up to them or within their domain/jurisdiction.
What is a service? Can services be differentiated as consumer services and industrial services? (AACSB: Communication; Reflective Thinking)
Answer:
service is doing work to someone,:
----is supplying public a public needs example: tramsport
-----is emplyment as a servant
-------perios of employment with company or organization
If you charge/plug in your phone on a Xbox will the stuff in ur camera roll on your phone be on/in the Xbox?
Answer:
No.
Explanation:
You said if you charge, so it will only charge your phone. You aren't able to upload photos directly to an Xbox.
Although, if you are pc, you can upload a custom gamerpic easily.
(An example would be a gamerpic, you need the app in order to have a custom gamerpic because it accesses your files).
The Open Grill incurred the following costs in acquiring a new piece of land:
Cost of the land $ 80,000
Commissions 4,800
Liability insurance for the first year 1,200
Cost of removing existing building 20,000
Sale of salvaged materials (4,000 )
Total costs $ 102,000
What is the total recorded cost of the land?
a. $102,000.
b. $100,800.
c. $106,000.
d. $80,000.
Answer:
b. $100,800.
Explanation:
Calculation for the total recorded cost of the land
Cost of the land $ 80,000
Add Commissions $4,800
Add Cost of removing existing building $20,000
Less Sale of salvaged materials ($4,000 )
Total recorded cost of land $100,800
Therefore the total recorded cost of the land will be $100,800
You are bullish on Stock A. The current market price is $67 per share, and you wish to purchase 200 shares. Your plan is to borrow at the maximum possible amount allowed under the initial margin requirement of 50%. How far does the price of Telecom stock have to fall for you to get a margin call if the maintenance margin is 26%?
Answer:
The Margin call will be made at $50.92
Explanation:
Initial Margin per share = Price*Margin requirement
Initial Margin per share = $67*50%
Initial Margin per share = $33.50
Maintenance Margin per share = $67 * 26% = $17.42
Hence, the loss allowed = Initial Margin per share - Maintenance Margin per share = $33.50 - $17.42 = $16.08
Hence, the price of a share can fall up to $50.92 (i.e. $67-$16.08) before getting a margin call. Thus, the Margin call will be made at $50.92
First National Bank Assets Liabilities and Net Worth US Treasury Bonds $450,000 Net Worth $500,000 Reserves (Cash) $175,000 Checkable Deposits $250,000 Loans $125,000 Second National Bank Assets Liabilities and Net Worth US Treasury Bonds $100,000 Net Worth $250,000 Reserves (Cash) $250,000 Checkable Deposits $100,000 Third National Bank Assets Liabilities and Net Worth US Treasury Bonds $900,000 Net Worth $1,000,000 Reserves (Cash) $350,000 Checkable Deposits $500,000 Loans $250,000
The Required Reserve Ratio is 25% for all banks. Assuming that all the customers that have outstanding loans have used all of those additional funds to invest in new machinery for their businesses (therefore, the amount of Checkable Deposits is the true liability the bank has to its customers), the whole system (these three banks) is capable of creating $_____________ in new loans?
Answer:
The Required Reserve Ratio is 25% for all banks. Assuming that all the customers that have outstanding loans have used all of those additional funds to invest in new machinery for their businesses (therefore, the amount of Checkable Deposits is the true liability the bank has to its customers), the whole system (these three banks) is capable of creating $___3,400,000____ in new loans.
Explanation:
a) Data and Calculations:
Required Reserve Ratio (RRR) = 25%
Checkable Deposits:
First National Bank $250,000
Second National Bank 100,000
Third National Bank 500,000
Total of Checkable Deposits = $850,000
Money Supply = Total Checkable Deposits/Required Reserve Ratio
= $850,000/25%
= $3,400,000
b) The computation of the total Money Supply is based on the stated assumption that "all the customers that have outstanding loans have used all of those additional funds to invest in new machinery for their businesses (therefore, the amount of Checkable Deposits is the true liability the bank has to its customers)."
During the current year, Tucker had the following personal casualty gains and losses (after deducting the $100 floor):
Asset Holding Period Gain or (Loss)
Asset 1 18 months ($26,300)
Asset 2 2 months 15,780
Asset 3 3 years 32,875
Required:
What are the tax consequences of these items to Tucker?
Answer:
$22,355 will be taxed as long term capital gains
Explanation:
First of all, casualty gains or losses result from events that are not business related, e.g. your house burnt down. Casualty gains occur when an insurance company or another third party pays for the damage that resulted from a casualty loss. If the reimbursement is larger than the asset's basis, an involuntary conversion gain results. Involuntary conversion gain or net casualty gains are taxed as long term capital gains if the holding period is more than 1 year.
Tucker's net casualty gains = ($15,780 + $32,875) - $26,300 = $22,355
Since capital gains taxes are lower than ordinary income taxes, Tucker will have to pay between either 0%, 15% or 20% as capital gains tax rate.
Choose the correct way to complete the sentences to explain how to draw concentric circles when doing a freehand sketch.
To use your hand as a temporary compass, you must grip the pencil using the
. You can draw the arc or circle by
.
1st one is "extended tripod grip" and second one is "rotating the paper with your free hand and pulling it towards your body".
In the reconciliation of the June bank statement, a deposit made on June 30 did not appear on the June bank statement. In preparing the bank reconciliation, this deposit in transit should be
a. subtracted from the unadjusted book balance.
b. added to the unadjusted bank balance.
c. subtracted from the unadjusted bank balance.
d. added to the unadjusted book balance.
Answer:
b. added to the unadjusted bank balance.
Explanation:
in the given case since the deposit is made as on June 30 and does not appear in the bank statement so while preparing the bank reconciliation the deposit in transit should be added to the non-adjusted bank balance as the bank did not received these deposits yet
But in the case of the company it already received it
hence, the correct option is b.
Which stage of the planning process is Jekyll Corp. involved in if it is assessing how well alternative plans meet high-priority goals while considering the cost of each initiative and the likely investment return
Answer:
Evaluating goals and plans
Explanation:
Planning is a very important activity that guides a business to achieve its set goals and objectives.
There are various stages in planning namely:
- Analysing the situation
- Selecting goals and plans
- Evaluating goals and plans
- Implementing goals and plans
- Monitoring and controlling performance.
In the given scenario Jekyll Corp. is assessing how well alternative plans meet high-priority goals while considering the cost of each initiative and the likely investment return.
This stage is the evaluation of goals and plans to see which of them will be more profitable.
It is done to identify the plan that will meet the organisation's objectives at least cost
discuss the notion of alienation as elaborated by Marx
Answer:
The alienation that Marx refers to comes into being through the relations of production found in capitalist society. ... The commodities that workers produce through their labor is not their own but ultimately belongs to another and is produced for another. Here alienation is manifested in the product that work produces.
Unique Stores common stock pays a constant annual dividend of $1.75 a share. What is the value of this stock at a discount rate of 13.25 percent?
Answer:
the value of the stock is $13.21 per share
Explanation:
The computation of the value of the stock is shown below:
The Value of the stock is
= Constant annual dividend ÷ discount rate
= $1.75 ÷ 0.1325
= $13.21 Per share
Hence, the value of the stock is $13.21 per share
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Prices for airline tickets change on average about once per month. This would suggest that airline ticket prices are
Answer:
relatively flexible
Explanation:
Flexible pricing is when there is room for negotiation of prices of a product between the buyers and sellers.
So the price is prone to change in short amount of time.
Sticky price on the other hand tends to be non negotiable and the does not change over time.in the given scenario prices for airline tickets change on average about once per month.
So there is constant change of the price every month. Meaning the buyer can convince the seller to change his offering price.
The price is relatively flexible
Organizations sometimes pool the historical data from various, separate organizational databases into a common body of information called a(n):
Answer:
Data warehouse
Explanation:
Organizations sometimes pool the historical data from various, separate organizational databases into a common body of information called a data warehouse.
A data warehouse can be defined as a large collection of data gathered or collected from various sources within an organization and managed to provide a guide for making decisions by the management.
This ultimately implies that, a data warehouse avails the management of an organization the ability to collect, analyze and manage data in order to gain meaningful insights and aid in the decision-making process.
What are two things you can list on your resume?
The market price of an $1,000,000, ten-year, 12% (pays interest semiannually) bond issue sold to yield an effective rate of 10% is:______
a. $1,124,623.
b. $1,872,360.
c. $1,122,890.
d. $1,133,270.
Answer:
Bond price= 1,124,622
Explanation:
Giving the following information:
Face value= $1,000,000
Number of periods= 10*2= 20
Cupon rate= 0.12/2= 0.06
YTM= 0.1/2= 0.05
To calculate the bond price, we need to use the following formula:
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 60,000*{[1 - (1.05^-20)] / 0.05} + [1,000,000 / 1.05^20]
Bond Price= 747,732.62 + 376,889.48
Bond price= 1,124,622
Glenrosa Company bought inventory from Monterosa Company, FOB destination. On December 31, the last day of the accounting year, the goods were on a truck owned by Common Carrier, Inc., and not expected to arrive until January 2. Which company should include these goods in its December 31 inventory?
A. Common Carrier
B. Monterosa
C. Glenrosa
D. None of them should include these goods in inventory.
Answer:
The correct option is (B) Monterosa
Explanation:
At the time when the goods are shipped so in the case of FOB destination the goods title would be transferred to the buyer at the time of reaching to the buyer destination as mentioned by the buyer. Till then it would be included in the seller's inventory
So as per the given situation, Monterosa should involves this goods in its closing inventory i.e. as on December 31
Two sentences only. i'll give brainliest.
1. How important is elasticity in the analysis of the market?
2. What are tge relying factors of demand elasticity?
Answer:
(1)Elasticity is an important economic measure, particularly for the sellers of goods or services, because it indicates how much of a good or service buyers consume when the price changes. ... If the market price goes up, firms are likely to increase the number of goods they are willing to sell.
(2) Many factors determine the demand elasticity for a product, including price levels, the type of product or service, income levels, and the availability of any potential substitutes. High-priced products often are highly elastic because, if prices fall, consumers are likely to buy at a lower price
What is the most popular course offered by the SBA?
Answer:
A course that surveys eight to ten areas of business management
Explanation:
Hope this helped! ;)
'11.8. A company stocks an SKU with a weekly demand of 225 units and a lead time of 3 weeks. Management will tolerate one stockout per year. If sigma for the lead time is 175 and the order quantity is 800 units, what is the safety stock, the average inventory, and the order point
Answer:
a. 261 units
b. 661 units
c. 936 units
Explanation:
Safety stock, average inventory, and the order point can be calculated as follows according to their formulas.
DATA
Weekly Demand = 225 units
Lead time = 3 weeks
Annual Demand = 225 units x 52 weeks = 11,700 units
sigma = 175
Order Quantity Q = 800
Solution
No of orders per year = Annual demand/order quantity
No of orders per year= 11700/800
No of orders per year= 14.625 orders
Service level = (no of orders-1)/no of orders
Service level = (14.625-1)/14.625
Service level = 93.16 %
Saftey factor for 93.16 is 1.49
Saftey stock = 1.49 \sigma
Saftey stock = 1.49 * 175
Saftey stock = 260.75 OR 261 units
Average inventory = Q/2 + saftey stock
Average inventory = 800/2 + 261
Average inventory = 400 + 261
Average inventory = 661
Order point = Demand during the lead time + safety stock
Order point= 225 x 3 + 261
Order point= 936 units
Jacklyn carves ice sculptures. She carves and sells 10 sculptures. Her average cost of production per sculpture is $50. She sells each sculpture for a price of $150. Jacklyn's total profits are:______
a. $150.
b. $1,000.
c. $500.
d. $1,500.
Answer:
b. $1,000
Explanation:
To start with, we know that the formulae for total profit is;
= total revenue - total cost.
Total revenue
= price × quantity
= $150 × 10
= $1,500
Total cost
= units sold × average cost of production per sculpture
= 10 × $50
= $500
Therefore,
Total profit = $1,500 - $500
Total profit = $1,000
Assume you just deposited $1,000 into a bank account. The current real interest rate is 7.00% and inflation is expected to be 8.00% over the next year. What nominal interest rate would you require from the bank over the next year? How much money will you have at the end of one year? If you are saving to buy fancy bicycle that currently sells for $1,050, will you have enough money to buy it?
Answer:
a) The nominal interest rate that I would require from the bank over the next year is 15%.
b) At the end of one year, I will have $1,150.
c) If I am saving to buy a fancy bicycle that currently sells for $1,050, I will have enough money ($1,150) to buy it. It will be costing $1,134 ($1,050 * 1.08) with inflation rate of 8% in one year's time.
Explanation:
The nominal interest rate (15%) is higher than the real interest rate (7%) when inflation is positive because the real interest rate is adjusted for inflation (at 8%). The real interest rate is the rate without inflation while the nominal interest rate factors in the inflation rate.
If a $100 drop in the price of a $10,000 car resulted in an increase in the quantity of cars purchased from 100 to 110 and a $100 drop in the price of a $1,000 vacation rental resulted in an increase in the quantity of weekly vacation homes rented from 100 to 110, the price elasticity of demand is:_______
a. greater for the car.
b. less for the car.
c. the same for both the car and the vacation rental.
d. not comparable.
Answer:
Option C
Explanation:
f a $100 drop in the price of a $10,000 car resulted in an increase in the quantity of cars purchased from 100 to 110 and a $100 drop in the price of a $1,000 vacation rental resulted in an increase in the quantity of weekly vacation homes rented from 100 to 110, the price elasticity of demand the same for both the car and the vacation rental.
The elasticity remains unchanged because the percentage change in price and percentage change in quantity are tne same in both cases.
Irene wants to make a copy of a housing design from a magazine. Which tool does she require? A.
drafting dots
B.
tracing paper
C.
smooth paper
D.
newsprint
Answer:
B
Explanation:
Had the same question and it was the correct answer
Answer:
B. tracing
Explanation:
for plato
Etxuck279 Inc. sells a particular textbook for $34. Variable expenses are $25 per book. At the current volume of 57,000 books sold per year the company is just breaking even. Given these data, the annual fixed expenses associated with the textbook total:_____
a. $2,451,000
b. $513,000
c. $1,938,000
d. $1,425,000
Answer:
fixed costs= $513,000
Explanation:
Giving the following information:
Selling price= $34
Unitary variable cost= $25
Break-even point in units= 57,000
To calculate the fixed costs, we need to use the following formula:
Break-even point in units= fixed costs/ contribution margin per unit
57,000= fixed costs / 9
57,000*9= fixed costs
fixed costs= $513,000
Because organizations must change rapidly in a volatile, global market, non-supervisory employees must be prepared to
Answer:
contribute to diversity of leadership by demonstrating leadership on the job.
Explanation:
Because organizations must change rapidly in a volatile, global market, non-supervisory employees must be prepared to contribute to diversity of leadership by demonstrating leadership on the job.
This ultimately implies that, when an organization is operating on an international level such as trading its products and services with customers outside the shores of its home country, it is important and required that in a rapidly volatile, global market, non-supervisory employees are saddled with the responsibility of contributing to leadership by being exemplary to the rest.
Project: Business Ventures – Part 3
This project will focus on using the principles of financing and financial statements covered in Chapters 1 & 2, to develop financial statements—an income statement and a balance sheet—for a business you choose. If you have already completed Business Ventures Part 1 and Part 2, you may continue to base Part 3 on that business, or you can start with a new business. Your main goal for this project is to create a table like the one shown below to develop your financial statements: an income statement and a balance sheet. Next, you will analyze the charts relating to an income statement and a balance sheet. Finally, you will decide what financing source you will use to expand your business and explain why you chose this source.
During this project you'll accomplish the following:
Objectives
Create a table and develop an income statement and a balance sheet.
Analyze charts relating to an income statement and a balance sheet.
Decide what financing source you will use to expand your business and explain why you chose this source.
Business Ventures - Part 3
Directions
1. Using the information learned in Unit 3, create a table like the one shown below to develop your financial statements: an income statement and a balance sheet.
Click here for a printable income statement.
Click here for a printable balance sheet.
2. Next, using the information from the charts shown below, analyze the information and explain how it relates to an income statement or a balance sheet.
img/img_is_graph_business_ventures3.gif
img/img_bs_graph_business_ventures3.gif
Write a paragraph to explain if the business had a net income or net loss. Why?
Write a paragraph to explain what the chart shows about the business's financial condition?
3. Now, based on your financial statements, decide what financing source (self-financing, friends and family, investors, loans, grants, or credit cards) you will use to expand your business and explain why you chose this source.
Question # 1
Long Text (essay)
Type your answers to the questions here:
Write a paragraph to explain if the business had a net income or net loss. Why?
Write a paragraph to explain what the chart shows about the business's financial condition?
Based on your financial statements, decide what financing source (self-financing, friends and family, investors, loans, grants, or credit cards) you will use to expand your business and explain why you chose this source.
Answer: The business shown in the graph had a net income or gain. The reason being is one quick glance shows that the business shows its revenue and assets in a teal blue. That teal blue is well above owners equity, total liabilities, and total expenses.
The chart shows that the business is doing great and is pulling in massive profits. The chart also shows that whatever the business is doing they can continue to do so for a while until market or economic changes occur that would render their strategies ineffective.
Based on my financial statements I would likely use self financing. At the very least in the initial stages of the business. This is because I'd rather not owe anyone for a business that doesn't even generate revenue yet. However after the business is stable and more money is needed for growth then I would entertain the possibility of getting a grant or seeking an investor.
Explanation: I'm not sure this is the best answer but this question is more opinion than anything, try taking my answer as an example and work off of that in order to make yours more unique.
Answer:
Based on the charts the company is making a Net Income because almost all four quarters had a profit. In order to find out if they had a profit or not, I added up the Total Revenue and Total Expenses. Total revenue made around $100,000 and the total expenses were around $61,000. I calculated that the company roughly made $39,000 in profit for that year.
The chart shows that the business is doing well and is attracting huge profits. The chart also shows that whatever the business is doing they can continue to do so for a while until market or economic changes make their strategies ineffective.
Based on my financial statements I would try to get a loan to help finance the company because the company is making a profit of 15%. With a profitable business with proof, it can be used to show that the company is able to pay of the loan and fees. This financial source is the best for my situation because the business is too large for funding from self financing and family or friends, is too small for Angel Investors, and is too much for a credit card. The loans allow the company to pay off at a gradual rate for a fixed term.
Explanation:
These were answers for when I finished the project.
EDGE 2021
**Please do not copy word for word**
Only use as an example so you don't plagiarise
One of your customers, age 52, wishes to open an IRA. His annual income is more than $200,000 and consists entirely of income from rental real estate and income from a trust fund. What amount may your customer contribute to his IRA this year?
Answer:
$0
Explanation:
your IRA contributions are based on your earned income, and earned income means money that you earned by working. A person can contribute up to $6,000 per year or $7,000 if they are older than 50, to an IRA account as long as their earned income is higher than that amount.
But this client only has passive income, rental income and a trust fund, so his earned income is $0. Since he has no earned income, he cannot contribute any money to an IRA account.
A bond has a $1,000 par value, 20 years to maturity, and an 8% annual coupon and sells for $1,110. What is its yield to maturity (YTM)?
Answer:
YTM = 0.070616 or 7.0616% rounded off to 7.06%
Explanation:
The yield to maturity or YTM is the yield or return that an investor can earn on the bond if the bond is purchased today and is held till the bond matures. The formula to calculate the Yield to maturity of a bond is as follows,
YTM = [ ( C + (F - P / n)) / (F + P / 2) ]
Where,
C is the coupon paymentF is the Face value of the bondP is the current value of the bondn is the number of years to maturityCoupon payment = 1000 * 0.08 = 80
YTM = [ (80 + (1000 - 1110 / 20)) / (1000 + 1110 / 2)
YTM = 0.070616 or 7.0616% rounded off to 7.06%
