Answer: First-In, First-out; Last-in, First-out
Explanation:
First-In, First-out(FIFO) and Last-in, First-out(LIFO) are both methods of inventory valuation that are used to assume the cost of inventory such that Cost of Goods sold can be calculated.
FIFO works by assuming that the oldest inventory purchased by the company is the one that was sold first while LIFO works by assuming that the newest inventory is sold first.
Using FIFO therefore will result in lower inventory costs because it is using old prices as opposed to LIFO which would reflect the increase in inventory prices as it is using recent prices.
Materials were requisitioned for use, $28,200, of which $25,000 were direct materials. The entry is:
Answer:
Debit : Work In Process $28,200
Credit : Direct Materials $25,000
Credit : Indirect Materials $3,200
Explanation:
Materials requisitioned for use are include in Product Cost calculation. The Work In Process Account is the major account used to calculate the Product Cost during the Manufacturing Process.
Thus, Debit the full amount of materials requisitioned for use to the Work In Process Account and Credit the respective categories of Accounts supplying the Work In Process to show their decrease. Note that Indirect Materials take the $3,200 remaining after $25,000 have been used by direct materials against the total of $28,200 requisitioned.
Consider a two‑nation world consisting of the United States and Mexico, which both produce strawberries. Assume there are no trade barriers or international transportation costs. The tables represent the markets for strawberries in the United States and Mexico. Mexican prices have been converted to U.S. dollars.
Price per pound Quantity supplied (in millions) Quantity demanded (in millions)
$2 300 500
$3 350 450
$4 400 400
$5 450 350
$6 500 300
$7 550 250
$8 600 200
Price per pound Quantity supplied (in millions) Quantity demanded (in millions)
$2 400 800
$3 450 750
$4 500 700
$5 550 650
$6 600 600
$7 650 550
$8 700 500
Required:
a. What is the equilibrium world price per pound?
b. What is the equilibrium quantity of exports and imports?
c. Which country will export strawberries?
a. United States
b. Mexico
Answer:
a. The equilibrium world price per pound is $5.
b. The equilibrium quantity of exports and imports is 1,000 pounds.
c. The country that will export strawberries is:
a. United States
Explanation:
Price per Quantity supplied Quantity demanded
pound US (in millions) Mexico World US (in millions) Mexico World
$2 300 400 700 500 800 1,300
$3 350 450 800 450 750 1,550
$4 400 500 900 400 700 1,100
$5 450 550 1,000 350 650 1,000
$6 500 600 1,100 300 600 900
$7 550 650 1,200 250 550 800
$8 600 700 1,300 200 500 700
b) At equilibrium when the world quantity supplied and demanded are equal, the world price per pound is $5 and the quantity demanded and supplied equaled 1,000 pounds respectively. At this equilibrium, the United States will export 100 pounds (450 - 350) of strawberry to meet the excess demand of 100 pounds by Mexico (650 - 550).
The equilibrium world price per pound is $5. The equilibrium quantity of exports and imports is 1,000 pounds and the country that will export strawberries is the United States.
From the table given, it can be deduced that the equilibrium quantity of exports and imports is 1000 units. This is the quantity at which the quantity demanded and supplied are equal.
Based on the information, it can be deduced that the United States will export strawberries in order to meet the excess demand.
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Organizational Structuring Companies have four general issues to consider when attempting to design their organization for responsiveness. These issues include centralization or decentralization, span of control, tall versus flat organization structures, and departmentalization. Each characteristic is an advantage or disadvantage of a centralized or decentralized organization.
When structuring the organization for market responsiveness, leaders have four general issues to consider. These issues each have advantages and disadvantages. When considering centralization versus decentralization, organizations must consider whether top management should retain greater control. When considering departmentalization, leaders must consider the gains in efficiency versus less communication and groupthink.
Match Each item with the correct spot.
a. Motown motors
b. CCI
c. Ritz Hotels
d. BigAir Boards
e. App-el- Games
f. Pro tool
g. Mr. Burger
h. Harvey's
Advantage Disadvantage
Centralized
Decentralized
Answer:
a. Motown motors - Decentralized
b. CCI - Decentralized
c. Ritz Hotels- Centralized
d. BigAir Boards - Centralized
e. App-el- Games - Decentralized
f. Pro Tool- Decentralized
g. Mr. Burger - Decentralized
h. Harvey's - Centralized
Explanation:
Centralized is an organizational structure in which most of the strategic decisions are made at the top level management.
Decentralized is an organizational structure in which most of the strategic decisions are made at the lower levels. In this structure authority is delegated to junior staff for learning purpose.
Company Z has experienced a decrease in sales in the last quarter. Additionally, their customer surveys have shown that customer satisfaction has also decreased by 30%. Customers often complain about lack of parking, high prices, and slow response times to customer concerns. Determine the practical steps Company Z can use to improve sales by using the Decision Making Process steps highlighted in this lesson.
Here are the five steps of the Decision Making Process:
State the problem
List the options
Determine the pros and cons
Choose the best option
Evaluate the decision/choice
a. Start the Decision Making Process by stating the two obvious problems that apply to Company Z
Answer:
Company Z has experienced a decrease in sales in the last quarter.
Besides, their customer satisfaction has also decreased by 30% that customers often complain about lack of parking, high prices, and slow response times to customer concerns.
Explanation:
The Decision-Making Process by stating the two obvious problems that apply to Company Z will be a decrease in sales and a lack of customer service.
Who is the customer?A customer can be defined as the person who buys or takes the services by paying the summer amount of money. It's the customer who decides what he needs or wants.
The main issue with the companies be can be the decrease in the sales as the sales has a significant 30% the managers need to discuss all the causes and plan for what also should be done to increase it
Also, customers are reaching out to customer care services and the response time they are getting out is very high which sometimes irritates the customer, secondly, the response that they should get should be proper and timely.
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When business strength is low and industry attractiveness is weak, the recommendation from the GE Stoplight matrix is to ....
Answer:
The correct option is (b) harvest or divest
Explanation:
In the case when the strength of the business is low and the attractiveness of the industry is weak so the suggestion is that harvest or digest
Here harvest refer to reducing the investment that made in the business or not to do the new investment in order to decreased the losses
While on the other hand, the divest refer the assets are sold and the same would become the part of an organization
Therefore as per the given scenario, The correct option is (b) harvest or divest
If in 2009 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then what is Luther's Enterprise Value
Answer:
163.2 million
Explanation:
The enterprise value is calculated by first obtaining the market value of the equity which is done by multiplying the number of outstanding shares by the value that each individual share is currently trading at. Then you add all existing debt to the market value of the equity, and finally you subtract all liquid cash available. Since neither debt or cash is provided as values in this question we can assume there is none and simply calculate the market value of the equity as the Enterprise value...
10.2 * 16 = 163.2 million
When buying a home, it is important to factor in future costs, like ___________.
a.
Realtor fees
b.
Down payment
c.
Utility costs
d.
Closing fees
Answer: Almost positive it’s C. Utility costs
When buying a home, it is important to factor in future costs, like utility costs. Thus, option (c) is correct.
What is the cost?The term cost refers to the actual money are spent on the manufacturing of the product. The product are manufacture to spend on money are raw material, transportation, wages, salary, and other expenses add. The all expenses are added to identify the cost.
Utility costs refer to the disbursals subjected by using utilities such as physical phenomenon, water, waste material disposal, heating, and sewerage. These costs are associated with ongoing telephone and internet services as well. The future cost also like the utility cost.
As a result, the significance of the important to factor in future costs, are the aforementioned. Therefore, option (c) is correct.
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The _____ records a company’s gross receipts (cash in) and gross payments (cash out) for a specific period of time.

A.
statement of cash flows

B.
profit statement

C.
customer ledger file

D.
balance sheet
The statement of cash flows records the cash receipts and the cash payment for the specific period of time. hence. option A is correct.
What is a cash flow statement?It is the statement that shows the cash position of an organization.
When the cash is received so it should be added and when the cash is paid it should be deducted.
Therefore, we can say that the option A is correct.
And, the rest of the options are wrong.
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_ are salespeople who are in a unique position to capitalize on building credibility with customers who place a high value on trust
Answer: consultative salesperson
Explanation:
The salespeople who are in a unique position to capitalize on building credibility with customers who place a high value on trust are referred to as the
A consultative salesperson is more concerned with building relationships with the customers. Such people look out for ways by which the product can be improved.
One component of learning about another country or region is to understand the relationship of its currency with others on the world currency market. As such, you are assigned the duty of ensuring the availability of 100,000 yen for a payment scheduled next month. Considering that your company possesses only U.S. dollars, identify the spot and forward exchange rates. What are the factors that influence your decision to use each
Answer and Explanation:
Since in the question it is mentioned that there is an availability of 100,000 yen for the payment that scheduled next month now the factors that impact the decision for using the each i.e. spot or thw forward one and the same would overall based on how the US dollar strength opposite to other currencies specifically in the YEn
the same is to be relevant
Universal Travel Inc. borrowed $509,000 on November 1, 2018, and signed a 12-month note bearing interest at 6%. Interest is payable in full at maturity on October 31, 2019. In connection with this note, Universal Travel Inc. should report interest payable at December 31, 2018, in the amount of:
Answer:
$5,090
Explanation:
The matching principle in accounting requires use to record incomes and expenses in the period in which they occur or incur.
Therefor, Universal Travel Inc. should report interest that expired between November 1, 2018 and December 31, 2018 as at December 31, 2018 report
Interest payable calculation :
Period = November 1, 2018 to December 31, 2018,
= 2 months expired
Annual interest = $509,000 x 6% x 12/12
= $30,540
Interest payable = $30,540 x 2/12
= $5,090
Conclusion :
Interest payable at December 31, 2018 should be reported as $5,090
When we express the value of a cash flow or series of cash flows in terms of dollars today, we call it the ________ of the investment. If we express it in terms of dollars in the future, we call it the ________. Group of answer choices present value; future value future value; present value ordinary annuity; annuity due discount factor; discount rate
Answer:
present value; future value
Explanation:
When we express the value of a cash flow or series of cash flows in terms of dollars today, we call it the present value of the investment. This is achieved by discount the future cash flows using the appropriate discounting rate to show the effect of time value of money.
Then, If we express it in terms of dollars in the future, we call it the future value. This is achieved by Compounding the Principle or Present Value using the appropriate compounding rate to show the effect of time value of money
A Company issued a one-year, 9%, $200,000 note on June 1, 2019. Interest
expense for the year ended December 31, 2019 was:
O $18,000
O $13,500
O $12,000
O $10,500
O None of the above
Answer:
O None of the above
Explanation:
The expenses at the end of December 31, 2019, will be 6 months interest.
Interest = p x r x t
in this case
p= $200,000
r=9% or 0.09
t= 6 months or 0.5 years
Interest = $200,000 x 0.09 x 0.5
Interest = $ 18,000 x 0.5
Interest = $9,000
At what value should the land be recorded in clementine repair service records?
Answer: $369,500
Explanation:
The Cost concept of accounting calls for the recording of Assets at their cost.
Clementine Repair services offered to buy the land at $350,500 when it was priced at $388,500.
The seller countered with $369,500 and Clementine accepted this.
This means that Clementine bought the land for $369,500 which makes it the cost price.
They should therefore record it at $369,500.
Teachers, nurses, and counselors are all part of which of the following:
A.
Education and training
B.
Human services
C.
The social occupational code
D.
Health sciences
On January 1, Valuation Allowance for Trading Investments had a zero balance. On December 31, the cost of the trading securities portfolio was $59,600, and the fair value was $61,600. Prepare the December 31 adjusting journal entry to record the unrealized gain or loss on trading investments.
Answer:
Dr Valuation Allowance for Trading Investments $2,000
Cr Unrealized Gain on Trading Investments $2,000
Explanation:
Preparation for the December 31 adjusting journal entry to record the unrealized gain or loss on trading investments
Based on the information given if on December 31, the cost of the trading securities portfolio was the amount of $59,600 while the fair value was the amount of $61,600 which means that the December 31 adjusting journal entry to record the unrealized gain or loss on trading investments will be :
Dr Valuation Allowance for Trading Investments $2,000
Cr Unrealized Gain on Trading Investments $2,000
($61,600-$59,600)
What is a household inventory?
A. coverage that protects a residence
B. documentation of personal belongings
C. insurance that covers a specific item
D. additional living expenses
Zwick Company bought 21,500 shares of the voting common stock of Handy Corporation in January 2018. In December, Handy announced $201,500 net income for 2018 and declared and paid a cash dividend of $3 per share on all 203,500 shares of its outstanding common stock. Zwick Company's dividend revenue from Handy Corporation in December 2018 would be:
Answer:
$64,500
Explanation:
Shareholders are entitled to returns they have made in companies through dividends
Zwick Company is a shareholder in Handy Corporation and hence also received its dividends returns amongst other Zwick Company investors.
Zwick Company's dividend revenue will be calculated as :
Dividend Revenue = Dividend Payout Ratio × Number of Share held on date of announcement
= $3 × 21,500 shares
= $64,500
Therefore, Zwick Company's dividend revenue from Handy Corporation in December 2018 would be $64,500
Is the following syllogism valid? No Internet service provider is a small business. Some businesses in our town are small businesses. Some businesses in our town are not Internet service providers.
Answer: E. Yes, regardless of whether we take the traditional or modern view of existential import.
Explanation:
The options are:
a. There is not enough information to determine the answer.
b. No, regardless of whether we take the traditional or modern view of existential import.
c. Yes if we take the traditional view of existential import, but no if we take the modern view.
d. Yes if we take the modern view of existential import, but no if we take the traditional view.
e. Yes, regardless of whether we take the traditional or modern view of existential import.
A syllogism is a reasoning that is formed when a conclusion is being drawn based on two given propositions.
With regards to the question, we can deduce that the syllogism is valid as the conclusion is derived from the two propositions that are given. In this case, the correct option will be "Yes, regardless of whether we take the traditional or modern view of existential import".
Your boss is the director of reporting for the AthensCounty Construction Agency (ACCA). It has beenhis job to track the cost of construction in AthensCounty. Twenty-five years ago he created the ACCACost Index to track these costs. Costs during the firstyear of the index were $12 per square foot of con-structed space (the index value was set at 100 forthat first year). This past year a survey of contractorsrevealed that costs were $90 per square foot. Whatindex number will your boss publish in his report forthis year
Answer:
Consider the equation as follows
Initial Price(Ct)/Final Price(Cf) = Initial Index(It)/Final Index(If)
Substitute $12 for Ct, $90 for Cf and 100 for If
$12/$90 = 100/If
If = 750
Therefore, the index number which will be published by the boss in his report is 750
Substitute $12 for Ct, 100 for It and 600 for If
$12/Cf = 100/600
Cf = $72
Therefore, the cost per square foot last year was $72
A total of $42,000 is invested in two municipal bonds that pay 4.25% and 7.75% simple interest. The investor wants an annual interest income of $2765 from the investments. What amount should be invested in the 4.25% bond
Answer:
$14,000 should be invested in the 4.25% bond.
Explanation:
Let's assume
Investment in bond with a coupon rate of 4.25% = x
Investment in bond with a coupon rate of 7.75% = y
According to given condition
x + y = $42,000 (i)
4.25%x + 7.75%y = $2,765
or
0.0425x + 0.0775y = $2,765 (ii)
Multiplying the equiation (i) by 0.0425
0.0425x + 0.0425y = $1,785 (iii)
Subtracting equation (iii) from equation (ii)
0.0425x + 0.0775y = $2,765
-0.0425x - 0.0425y = -$1,785
0 + 0.0350y = $980
0.0350y = $980
y = $980 / 0.0350
y = $28,000
Placing valye of y in equiation (i)
x + $28,000 = $42,000
x = $42,000 - $28,000
x = $14,000
Hence
Investment in bond with a coupon rate of 4.25% = x = $14,000
A price change would have the largest income effect on a A) magazine. B) tablet computer. C) piece of clothing.
Answer: D. Car
Explanation:
The full options for this question includes a fourth option which is option D for Car.
Should this be the case then a car would present the largest income effect if there was a price change.
Goods that are more expensive will present larger income effects because a price change would affect their prices more and make them even more expensive which means that they would be taking more from income and in so doing causing a larger income effect.
(if there is no fourth option for car, use tablet computer instead).
Yum! Brands customizes their marketing approach to better fit certain markets. However, their overall marketing and branding message must remain consistent worldwide and is controlled in the company's home market. Which stage of the global experience learning curve is Yum! Brands currently in
Answer:
Global Marketing
Explanation:
Based on this scenario, it seems that Yum! Brands is currently in the Global Marketing stage. In this, they decide on the best way to market their product/services in such a way that will maximize their reach as well as their profits Globally. These decisions are made so that their marketing is efficient in various geographic locations without having to specifically target different marketing campaigns in each location. All of which is created and controlled from within the company's home market.
Answer:
International marketing
Explanation:
Global learning experience curve is one that shows the stages a company goes through in trying to adapt and reduce overhead costs of production and marketing.
There are four stages in the global experience learning curve:
- companies with no foreign marketing
- companies with foreign marketing
- international marketing
- global marketing
The international marketing phase is where there is manufacturing of products outside the domestic market. With business division in these foreign locations
However domestic approach of the company is still used in marketing activities.
In the given scenario Yum Brands overall marketing and branding message must remain consistent worldwide and is controlled in the company's home market.
This is the international marketing approach
Where can you locate legislative materials, white papers, etc. to help implement legislation into an organization
Answer: USCA. Westlaw Id
- USCS. Lexis Id
- Proquest Congressional (or LexisNexis Congressional)
- U.S. Code Congressional and Administrative News (USCCAN)
- Researching Current Federal
Explanation:
There are numerous resources for tracking the history of legislation. see the library's Federal Legislative History guide to learn more. The following lists some licensed databases;
- USCA. Westlaw Id
- USCS. Lexis Id
- Proquest Congressional (or LexisNexis Congressional)
- U.S. Code Congressional and Administrative News (USCCAN)
- Researching Current Federal Legislation and Regulations: A Guide to Resources for Congressional Staff.
One of the most strategies in developing a strong sense of personal responsibility is to what
Answer:
Take responsibility for your thoughts, feelings, words, and actions.
Explanation:
There are various strategies to take in developing a strong sense of personal responsibility, one of the topmost strategies is to "Take responsibility for your thoughts, feelings, words, and actions."
This will surely help in determining how to react to situations, without being pushed by others or blame others for the outcome.
Also, it will not affect your perception and duty to yourself. But rather spur you to do what you believe in and what will benefit you.
What was the major financial difference between post-World War II borrowers and borrowers after 1970
Answer: Borrowers after 1970 had more debt due to lower paying jobs
Explanation:
After the second world war, the world underwent a period of economic growth especially in the United States. The government was spending massive amounts on the economy and companies were investing to take advantage of an economy with very high consumption.
This led to higher paying jobs for citizens who were able to borrow money knowing that they had the capacity to pay back.
This changed after 1970 because the jobs became less lucrative than before. People however kept borrowing even though they could not afford it as much leading to a general rise in consumer debt.
The Great Depression have an effect on the credit industry. The major financial difference between post-World War II borrowers and borrowers after 1970 is that;
Borrowers post WWII were known to have borrowed in the midst of prosperity. Financial institutions were known to also lent more money and borrowers paid it back. Borrowers after 1970 still borrow as their parents had done, but they did not have to postwar period's well paying jobs and as such did not all pay back.
During the Great Depression of the 1930s, a lot of banks did folded up and there was a lot of robbing of millions of Americans people of their savings.
Savings in banks then were said to be never insured, and as a result of this, more people and businesses tried to withdraw their funds fast as banking crisis grew up.
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doo u see abs?????????????????????????????
Answer:
nah and yah
Explanation:
Answer:
. . . im scared. . .
Explanation:
1. Are the four functions of management important in very small businesses (under 25 employees)? Why or why not?
Explanation:
Yes, the four management functions are important in any company, of any sector or size, because the four management functions that are planning, organizing, directing and controlling are the fundamental bases of the act of managing.
For a business to be successful in the market, it is necessary to plan strategic actions that will help it achieve its objectives and goals and remain competitive. The organization is also essential for the actions and strategy to take place in the planned way, it is necessary that the work is organized to be effective, together with control and direction, essential to keep the business operating correctly, in search of continuous improvement , work supervision, instruction and motivation of employees, etc.
FIll in the appropropriate numeric value in each of the blank cells below. This question is based on the balance sheet equation: A = L + OE.
Account Column 1 Column 2 Column 3
Cash 600 2,000
Inventory 2,400 2,500 4,000
Supplies 1,000 500 1,000
Equipment 9,000 6,000
Total Assets 10,000
Loans Payable 5,000 4,000
Common Stock 8,000 2,000
Total L & OE 10,000 12,000
Answer and Explanation:
The computation is shown below:
Account Column 1 Column 2 Column 3
Cash 600 2000 1000
Inventory 2400 2500 4000
Supplies 1000 500 1000
Equipment 9000 5000 6000
Total Assets 13000 10000 12000
Loan Payable 5000 4000 10000
Common Stock 8000 6000 2000
Total L & OE 13,000 10000 12000
Working notes:
For Column 1:
As we know that
Total asset = Cash +Inventory + Supplies + Equipment
= 600 + 2400 + 1000 + 9000
= 13000
Liabilities + Equity = 5000 + 8000
= 13000
For Column 2:
Total Asset = Cash + inventory + supplies +equipment
10000 = 2000 + 2500 + 500 + Equipment
Equipment = 10000 - 2000 - 2500 -500
= 5000
Total L & OE = Loans payable + common stock
10000 =4000 + common stock
Common Stock = 10000 - 4000
= 6000
For Column 3:
Total L&OE = 12000
As we know that
Total Assets = Total L & OE
So, Total Assets = 12000
Total Asset = Cash + Inventory + Supplies + Equipment
12000 = Cash + 4000 + 1000 + 6000
Cash = 12000 - 4000 - 1000 - 6000
Cash = 1000
Total L & OE = Loan payable +Common Stock
12000 = Loan Payable + 2000
Loan Payable = 10000
When designing the technical solution for a disaster recovery site, the PRIMARY factor that should be taken into consideration is the:
Answer:
Recovery window.
Explanation:
Disaster recovery can be defined as a field in security planning that comprises of policies and procedures aimed at protecting a business firm from the effects of any significant negative event.
This ultimately implies that, having an effective disaster recovery strategy or plan in place would help a business firm to quickly resume normal operations or maintain its mission-critical functions in the event of any disaster (disruption).
Hence, when designing the technical solution for a disaster recovery site, the primary factor that should be taken into consideration is the recovery window. A recovery window is typically the time frame between the occurrence of a disaster and the restoration of essential operations. This time frame is mainly defined by the executive board or management of a business firm.