Answer:
Results are below.
Explanation:
First, we need to calculate the total manufacturing costs:
total manufacturing costs= Raw materials used in production as direct materials + Direct labor costs + (Manufacturing overhead (actual) - Under-applied manufacturing overhead)
total manufacturing costs= 95,000 + 100,000 + (250,000 - 25,000)
total manufacturing costs= $420,000
Now, the cost of goods manufactured:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 130,000 + 420,000 - 145,000
cost of goods manufactured= $405,000
Finally, the cost of goods sold:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 65,000 + 405,000 - 80,000
COGS= $390,000
In the Sales Comparison Approach, if the subject has a better location than the comparable, the appraiser would need to adjust the comparable value: Group of answer choices down. None of these, the appraiser never adjusts the comparables. it depends. up.
Answer:
The answer is up
Explanation:
The sales comparison approach assumes that the value of a property depends on what other comparable properties are selling for in the current market. Ideally, the comparables would exactly be the same as the subject property in terms of age, size, location, view, quality etc.
So if the subject has a better location than the comparable, the appraiser would need to adjust the comparable value UP
A seller agreed to sell a tract of land by an enforceable written contract to a buyer for an agreed price. At the time and place designated for closing, the seller tendered the deed to the land, but the buyer refused to complete the transaction because of a secured note on the land, saying that the contract required the seller to supply a deed free of encumbrances. The seller responded that she intended to pay the secured loan, which was substantially less than the contract price, with the proceeds of the sale of the land. The seller offered to put the proceeds of the sale in escrow for that purpose, for which the buyer could pick the escrow agent. The buyer refused the seller's proposal. The seller then brought suit against the buyer for specific performance of the land sale contract. What is the seller's best argument in support of her claim for relief
Answer: Seller has right to use proceeds to settle the loan.
Explanation:
The Seller has the right to use the proceeds from the sale of a house to settle debt and this is what this seller is offering. The seller also suggests an escrow account which would significantly reduce the risk of default by the seller after being paid.
The seller can argue this in court and have a fair chance of winning because they fully disclosed the fact of the loan to the buyer and told the buyer how they planned to settle it, method which they had the right to use when settling debt of this nature.
For each separate case, record the necessary adjusting entry. On July 1, Lopez Company paid $2,000 for six months of insurance coverage. No adjustments have been made to the Prepaid Insurance account, and it is now December 31. Zim Company has a Supplies account balance of $6,600 at the beginning of the year. During the year, it purchased $2,800 of supplies. As of December 31, a physical count of supplies shows $1,200 of supplies available. Prepare the year-end adjusting entries to reflect expiration of the insurance and correctly report the balance of the Supplies account and the Supplies Expense account as of December 31.
Answer:
Adjusting Entries
December 31
Dr. Insurance Expense $2,000
Cr. Prepaid Insurance $2,000
December 31
Dr. Supplies Expense $8,200
Cr. Supplies account $8,200
Explanation:
On December 31, six months have been accrued and all of the amounts of prepaid insurance became accrued. hence it will be recorded as an expense.
Now calculate the supplies expense using the following formula
Supplies expense = Beginning Supplies + Purchases during the year - Ending Supplies = $6,600 + $2,800 - $1,200 = $8,200
business do not maximise output from the given inputs
Answer:
Allocative inefficiency.
Explanation:
Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.
In Economics, there are four (4) main factors of production and these are;
I. Land.
II. Labor (working).
III. Capital resources.
IV. Entrepreneurship.
When these aforementioned factors of production are combined effectively and efficiently, they can be used for the manufacturing or production of goods and services to meet the unending requirements or needs of the consumers.
Basically, there are two (2) types of inefficiency associated with the production of goods and services to meet the unending requirements or needs of consumers, these includes;
1. Technical (productive) inefficiency: it occurs when a company or business firm produce goods and services that consumers do not want. This is typically as a result of the incorrect and inefficient allocation of scarce resources by a business firm or entity.
2. Allocative inefficiency: it occurs when a company or business firm do not maximise output from the given inputs such as raw materials, capital, etc. Thus, it arises when businesses fail to increase the level of their production or productivity from a number of given inputs.
Hence, when a business do not maximise output from the given inputs, it is referred to as an allocative inefficiency.
In conclusion, allocative inefficiency typically occurs when the price of a good or service isn't equal to its marginal cost i.e P ≠ MC.
After serving a good number of customers in its home state, Marble Cakes, Inc. has set up business in three other states with additional menu options of cupcakes, donuts, and coffees to generate new customers. This has enabled the company to successfully maintain its corporate strategy. Marble Cakes, Inc. is engaging in which of the following? Select one.
a)Vertical integration
b)Horizontal diversification
c)Horizontal specialization
d)Vertical specialization
Answer:
b)Horizontal diversification
Explanation:
Horizontal diversification is defined as the process by which a business starts providing a product that is unrelated to its previous products supplied.
However the market is a similar one.
In the given scenario Marble Cakes, Inc. has set up business in three other states with additional menu options of cupcakes, donuts, and coffees to generate new customers.
The new set of products are completely different from the one initially supplied, but sales is in similar market as before.
In the model of monopolistic competition, trade costs between countries cause A) marginal costs of exported goods to exceed the marginal costs of goods sold domestically. B) all firms that can earn a profit on domestic sales to export their goods at higher prices. C) countries to negotiate the elimination of trade costs by mutual subsidization of trade. D) marginal costs of goods sold domestically to exceed the marginal costs of exported goods. E) all firms that can earn a profit on domestic sales to export their goods at lower prices.
Answer:
A) marginal costs of exported goods to exceed the marginal costs of goods sold domestically.
Explanation:
In the case when there is the monopolistic competition so the trade cost that lies between the countries could result in the marginal cost with respect to the goods that are exported should be more than the marginal cost of the goods that sold domestically
So as per the given situation, the option a is correct
Which expense category will most likely be changed to allow money for the purchase of a car?
O savings
groceries
Outilities
o entertainment
It is likely that the savings category will be changed to allow money for the purchase of a car.
What is saving?Saving refers to the act of setting aside a portion of income or resources for future use. It is a critical aspect of personal finance as it allows individuals to plan for their long-term financial goals and provides a safety net in case of unexpected expenses or emergencies.
Saving can be done in a variety of ways, such as opening a savings account, investing in stocks or other assets, or simply keeping cash in a safe place. The amount saved can be small or large, depending on one's income and financial goals.
Some people save for specific goals, such as a down payment on a house or a college education for their children, while others save to build an emergency fund or to save for retirement.
Learn more about saving, here
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The funds the Fed receives from selling government securities
a. are deposited in a commercial bank.
b. disappear into thin air.
c. are turned over to the Office of Management and Budget in Washington, D.C.
d. are deposited in the U.S. Treasury.
Answer:
d. are deposited in the U.S. Treasury
Explanation:
The Federal income is mostly generated from the interests on the government securities, Once each and every expenses of the Fed is paid, the remaining earning is deposited in the U.S. Treasury.
Hence, the correct answer will be "d. are deposited in the U.S. Treasury."
Explain what the credit terms of 2/10,n/30 mean. (Check all that apply.) Multiple select question. The full payment is due within a 30-day credit period. The buyer can deduct 2% of the invoice amount if payment is made within 10 days of the invoice date. The buyer can take a discount of 10% if the invoice is paid with 30 days of the invoice date. The full payment is due within 10 days.
Answer:
The full payment is due within a 30-day credit period.
The buyer can deduct 2% of the invoice amount if payment is made within 10 days of the invoice date.
Explanation:
The credit terms of 2/10,n/30 means that
The credit period available is 30 days in which the fully payment is due
And, if the payment is made within the 10 days so the buyer could eligible for 2% discount on the total price
Therefore the above 2 options should be considered
Classify each statement about the Federal Reserve System as either true or false.
You are currently in a labeling module. Turn off browse mode or quick nav, Tab to items, Space or Enter to pick up, Tab to move, Space or Enter to drop.
The Federal Reserve was established by the U.S. Constitution in the late 1700s.
The national objectives of the Federal Reserve include promoting economic growth, full employment, stable prices, and moderate interest rates.
All Federal Reserve actions are subject to veto by the executive branch.
The Federal Reserve determines monetary policy in the United States.
The Federal Reserve was created by the Federal Reserve Act of 1913.
Answer Bank
False
True
Answer:
False
true
false
true
true
Explanation:
The Federal Reserve is the central bank of the United States. It was created in December 23, 1913 by the Federal Reserve Act. It three main objectives as established by the US congress are : promoting economic growth, full employment, stable prices. the last two objectives are referred to as the dual mandate of the Federal reserve
The dual mandate of the Federal Reserve was birthed as a result of the stagflation of the 1970s. Stagflation is a period of high unemployment and high inflation levels
The dual mandate are: high employment, stable prices and moderate long-term interest rates.
The Federal Open Market Committee (FOMC) which is a committee of the Federal Reserve determines monetary policy.
Which one of the following is an example of a "flexibility" option? Group of answer choicesA company has an option to close down an operation if it turns out to be unprofitable. A company agrees to pay more to build a plant in order to be able to change the plant's inputs and/or outputs at a later date if conditions change. A company invests in a project today to gain knowledge that may enable it to expand into different markets at a later date. A company invests in a jet aircraft so that its CEO, who must travel frequently, can arrive for distant meetings feeling less tired than if he had to fly commercial. A company has an option to invest in a project today or to wait a year. Next
Answer:
A company agrees to pay more to build a plant in order to be able to change the plant's inputs and/or outputs at a later date if conditions change.
Explanation:
Real option analysis
This is simply described as a form of an analysis of capital budgeting projects. It is often used by managers so as to influence the size and riskiness of a project's cash flows. And this can be done only by taking different actions or at the end of the project's life.
It uses the usual NPV capital budgeting analysis along with an analysis of opportunities as a result of manager's responses to changing circumstances that can change a project's outcome.
Examples of Real Options
1. Investment timing
2. Abandonment/shutdown
3. Flexibility
4. Growth/expansion
Flexibility Option
This type of re option simply allows operations to be changed based on how conditions change during a project's life. It is said to exists when it is useful spending money today, which therefore helps one to maintain flexibility down the line. That is, either inputs or outputs (or both) can be altered.
When the strong dictatorial rule in Arlington unexpectedly collapsed due to the shocking death of the royal family in an explosion, the nation’s economy experienced drastic changes. The laws became more restrictive, the country lost many locally produced resources and products, and the distribution of wealth became inequitable. The unexpected event that led to these changes can best be described as a(n) ________ event.
Answer:
black swan
Explanation:
The black swan is a metaphor that explains an unexpected situation that seems to be not possible or no one has considered it on prior basis also it has very far reaching results
Since there is non-expected event that result in these changes so this represent the black swan event
Hence, the same should be considered
The internet makes it more difficult to participate in international trade.
TRUE OR FALSE
Answer:
TRUE
Explanation:
Because it's giving every player a chance.
100-side dice with number 1,2,...,100 on each side. You get paid $50 if you roll a 50, $75 if you roll a 75 etc. If you are unsatisfied with the result, you can pay $1 to roll again, you can roll as many times as you want. Question: what's the maximal amount you are willing to pay to enter this game (roll for the first time). Note that each subsequent play you only need to pay $1 to play again. What's your strategy
Answer:
Since there is a 100-side it says with number 1,2, ..., 100 on each side, and I get paid $ 50 if you roll a 50, $ 75 if I roll a 75 etc, and if I are unsatisfied with the result, I can pay $ 1 to roll again, and I can roll as many times as I want, to determine what's the maximal amount I are willing to pay to enter this game for the first time knowing that each subsequent play you only need to pay $ 1 to play again the following logical reasoning must be performed:
Since there is a maximum possible win of $ 100 in the game, and a minimum possible win of $ 1, and that each shot is worth $ 1 after the first shot, with possibilities of repeating indefinitely (with which no more money would be lost, since that 99% of the time more money would be obtained than was paid), the maximum amount that would be willing to pay for the first shot is $ 100, while said sum is the maximum presumed profit for a single shot, the which will finally be overcome.
What are the three broad sections of a state or local government's CAFR? a. Introductory, financial, and statistical. b. Financial statements, notes to the financial statements, and component units. c. Introductory, statistical, and component units. d. Component units, financial, and statistical
Answer:
The answer is A.
Explanation:
CAFR means Comprehensive Annual Financial Report.
The CAFR has 3 sections - Introductory, Financial and Statistical
The Introductory section guides the user of the report through the report.
The Financial section presents the government's financial statements as well as notes to the statements and the independent auditors’ report.
The Statistical section provides statistical and financial data.
Steve Hitchcock is 39 years old today and he wishes to accumulate $513,000 by his 63 rd birthday so he can retire to his summer place on Lake Hopatcong. He wishes to accumulate this amount by making equal deposits on his 39 th through his 62 th birthdays. What annual deposit must Steve make if the fund will earn 8% interest compounded annually
Answer:
Annual deposit = $8208
Explanation:
Below is the calculation:
Future value of money, FV = $513000
Time period from 39 to 62 = 23 years
Interest rate = 8%
Annual deposit = FV (A/F, n, r)
Annual deposit = 513000 (A/F, 23, 8%)
Annual deposit = 513000 x 0.016
Annual deposit = $8208
An investor purchases 1,000 mutual fund shares with a Net Asset Value of $10 each, where the fund imposes a 5% contingent deferred sales charge if the shares are redeemed within the first year. The sales charge decreases by 1% for each year the investor remains invested in the fund. If the investor were to redeem his shares during the second year of holding the fund, based upon the NAV of $10, he or she will receive:
A. $10,000
B. $9,600
C. $9,500
D. $9,400
Answer:
B. $9,600
Explanation:
Calculation to determine the amount he or she will receive
Amount Received=(1000*$10)*[100%-( 5% contingent deferred -1%Decrease in sales charge)
Amount Received=$10000-(100%-4%)
Amount Received=$10000*96%
Amount Received=$9,600
Therefore he or she will receive $9600
in Business studies. what the business owes the other is called what
Answer:assets
Explanation:
Answer:
Assets are what a business owns and liabilities are what a business owes. Both are listed on a company's balance sheet, a financial statement that shows a company's financial health. Assets minus liabilities equals equity, or an owner's net worth.
Explanation:
If the broker, while acting as agent in a sale of real property, misrepresents the principal's property to a buyer,
• Rescission of the sale by the buyer
• A court action for damages by the buyer
• Tort liability
Hope this helps!
3. Which of the following is the account title used to include
instances of price adjustment in case if there is a defective item.
A. Sales returns
B. Purchase discounts
C. Sales returns and allowances
Answer:
The correct answer is C. Sales returns and allowances.
Explanation:
Sales allowances are discounts that the seller of the product offers to the buyer when there is some type of failure or error in the product or service offered, that is, the buyer pays a lower price because the quality offered is also lower. In this way, there is a double advantage: on the one hand, the buyer obtains the product at a lower price saving money and, on the other hand, the seller discards a defective product without losing money.
Answer:
C. Sales returns and allowances.
Explanation:
Sales returns and allowances is a deduction from sales that shows the sale price of goods returned by customers, as well as discounts taken by them to retain defective goods.
NWC, NWH, and NWV are three firms that dominate the water distribution market. Identify this type of market structure and compare it to perfect competition.
Answer:
Oligopoly markets
Explanation:
In simple words, Markets controlled by a limited number of providers are known as oligopoly markets. They may be found in every country and in a wide range of industries. Some oligopolistic marketplaces are competing, whereas others aren't, or at minimum seem to be.
On the other hand, Perfect competition can be understood as the market system in which all suppliers as well as buyers have complete and symmetrical knowledge, there are no transactions expenses and a large number of producers and customers compete with others.
HELP HELP HELP!!! Why would an investor choose to invest in speculative stocks when he or she could invest in blue-chip stocks instead?
Answer:
They offer potentially high returns to compensate for the high risk associated with them!
Chris laughed at some of the cultural mistakes companies made in advertising and promotion in international trade while he was in school. Now he was trying to determine what had gone wrong with the campaign he had planned in Latin America for his company's product, and it didn't seem quite as amusing. He narrowed the issues to sociocultural factors. He was looking at both __________ and __________. Group of answer choices
Answer:
He was looking at both visible artifacts and underlying values.
Explanation:
Visible artifacts are organizations attitude and behavior towards surroundings. Chris has identified some of the mistakes made in advertising by a company. He was trying to determine the issue with the marketing team of the company and he concluded the main reason to be sociocultural factor.
Do you think Ruby should change the payment method she uses for her employees? Justify your answer.
Give me the real answers or you will not be able to get brainlist
Answer:
Yes ✌️✌️✌️✌️✌️
Larry, the owner of small hotel resort, would like to advertise his hotel in major American newspapers and magazines as a part of his larger strategy. However, he doesn't have enough money to do so. One day, he meets Todd, the owner of a group of newspapers and magazines, who offers him advertising space in his publications on the condition that Larry provides him with a free stay at the hotel. This is an example of ________
Answer:
Serendipity
Explanation:
From the question we are informed about Larry, who is the owner of small hotel resort, would like to advertise his hotel in major American newspapers and magazines as a part of his larger strategy. However, he doesn't have enough money to do so. One day, he meets Todd, the owner of a group of newspapers and magazines, who offers him advertising space in his publications on the condition that Larry provides him with a free stay at the hotel. This is an example of Serendipity.
Serendipity can be regarded as unplanned fortunate discovery, which is a common occurrence that could take place throughout the history of a particular product invention as well as scientific discovery. It can be explained as the luck that comes to some people way as they are finding or creation of interesting things as well as valuable things by chance
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.
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.
When choosing a distraction channel, the impact it has on an offering's costs can significantly affect the Of the offering and how much consumers are willing to pay for it
Hi, you've asked an incomplete question. However, I provided some explanations on distribution channels.
Explanation:
Interestingly, the term distribution channel is one often used in businesses today to refer to the various routes or intermediaries their goods or services passes through before it gets to the end-user or buyer.
Today the popular distribution channels among businesses include:
retailers,wholesalers,distributors, the Internet.Among the various options, the internet has been attributed by some big businesses to be most instrumental in their distribution process.
Liz would like to study abroad for a year before graduating from college. She would like to live someplace that is close to her native country of Ireland in terms of development because she will need to use the Internet for many of her classes. She can choose from programs in three countries. What could she use to measure the economic performance of the three countries
Answer:
Gross domestic productivity
Explanation:
In simple words, The monetary worth of all completed products and services produced inside a country over a certain period is known as that of the gross domestic product (GDP). GDP is a measure of a nation 's economic health that is used to determine its size as well as rate of increase.
Thus, the best option for Liz in the given case is to analyze the GDP of these countries.
A City Electric Utility Enterprise Fund made its annual interest payment on its outstanding $20 million of 6% bonds, which were originally issued at a premium. Assuming the City maintains it books and records in a manner that facilitates preparation of its fund financial statements, the entry to record this would include a credit to Cash for the amount of the interest checks written and debit(s) to ___________.
Answer:
Debit to Interest expenditure and bond premium.
Explanation:
Based on the information the Appropriate journal entry to record this would include a CREDIT TO CASH for the amount of the interest checks written and DEBIT(S) to INTEREST EXPENDITURE AND BOND PREMIUM reason been that we were told the ANNUAL INTEREST PAYMENT on the company its outstanding was the amount of $20 million of 6 percent bonds, which were ISSUED AT A PREMIUM.
Debit to Interest expenditure and bond premium $1.2 million
($20 million*6%)
Cr Cash $1.2 million
Review the following statements regarding a petty cash fund used in a business. Select the one that is correct. Multiple choice question. The cashier of a fund will write checks for small payments like postage, supplies and deliveries. Only the petty cashier is responsible for paying cash from the fund. A petty cash fund is controlled by top management. A check written against the fund is cashed when the fund is replenished.
Answer:
Only the petty cashier is responsible for paying cash from the fund.
Explanation:
A petty cash fund can be regarded as small amount of cash that is kept on hand or kept in a locked drawer which could be used in payment for minor expenses. These expenses could be office supplies expenses or reimbursements. There should be periodic reconciliations for a petty cash fund, and the transactions should also be recorded on the financial statements. As regards to petty cash fund used in a business, Only the petty cashier is responsible for paying cash from the fund.