Option A and D are correct. Conditions made profitable farming increasingly challenging during the Gilded Age are
A. the lack of access to technology
B. the high rates railroads charged farmers to transport their crops
The expression "Gilded Age" itself proposes a verifiable time that might have seemed rich on a superficial level yet was really cruel and degenerate. The second Industrial Revolution, which impelled the Gilded Age, delivered colossal innovative progressions, the foundation of large undertakings, and a huge convergence of European migrants into the US. The workforce and normal wages both essentially expanded because of further developed transportation and earth shattering corporate practices, which together powered in general monetary extension. Notwithstanding, because of the commonness of monetary trusts, imposing business models, and "looter noblemen" like Rockefeller, Vanderbilt, Morgan, and Carnegie who much of the time utilized uncalled for and untrustworthy strategies to extraordinarily take advantage of others and hoard their colossal riches, this recently discovered thriving was gathered in the possession of a limited handful. This was a period of pure, unadulterated private enterprise. Many individuals were left without occupations because of the unnecessary stock of work. During the Overlaid Age, living in confined, disgusting, wrongdoing ridden apartments was basically a horrendous unavoidable truth for some individuals. Monetary vulnerability and through and through desperation were wild, particularly in metropolitan areas. Moreover, the very economy that permitted corporate monsters to gather probably the greatest fortunes in history likewise required a sizable number of untalented work. Thus, people who figured out how to get some work in the modern area much of the time needed to tolerate amazingly risky working circumstances, extended periods, and little compensation. Tammany Lobby in Tweed filled in as a front for help to the oppressed. All things being equal, Tweed kept the majority of the benefits for himself. Generally, the fundamental uniqueness in bartering power among them and the corporate titans was the center reason for the country's quickly developing underclass. While syndications had a tremendous number of satisfying choices, low-expertise individuals were seeking few positions with an end goal to help themselves.
The Gilded Age, which spread over around 1870 to 1900, was a period in American history. Quick financial development was pervasive during the period, especially in the North and West of the country. A huge number of European settlers came to the US as of now since American pay rates expanded extensively quicker than those in Europe, particularly for gifted specialists, and industrialization required a steadily expanding workforce of untalented individuals.
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Complete Question -
What conditions made profitable farming increasingly challenging during the Gilded Age?
a.the lack of access to technology
b.westward expansion that devalued the land
c.a steep reduction in the demand for crops
d.the high rates railroads charged farmers to transport their crops
nation action against her employer in federal district court. the employee alleges that she has not been promoted because of her gender. she intends to call a co-worker as a witness at trial. the co-worker will testify that a senior manager of the employer told the co-worker that the employee would not be promoted because the employer deemed women to be poor managers. is the identity of the co-worker subject to discovery by the employer?
The correct option is: C. Yes, the employee must disclose the identity of the co-worker even without any request from the employer, but need not provide a summary of her expected testimony.
There are two exemptions for this basic principle. In the event that your complaint includes age discrimination, you can skirt the administrative complaint process by and large and go straightforwardly to court (as long as you give EEOC no less than 30 days composed notice of your plan to go to court). Likewise, on the off chance that your case includes orientation based pay discrimination and you wish to bring an action under the Equal Pay Act, you can skirt the administrative complaint interaction and record a claim whenever in the span of two years of the day the discrimination happened (three years on the off chance that the discrimination is unyielding). Remember, however, Title VII additionally makes it against the law to separate in light of sex in the payment of wages and advantages. Assuming you have an Equal Pay Act guarantee, there might be a benefit to likewise documenting your case under Title VII. Before you can seek after a Title VII case in court, however, you should go through the administrative complaint process.
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The complete question is:
An employee filed an employment discrimination action against her employer in federal district court. The employee alleges that she has not been promoted cause of her gender. She intends to call a co-worker as a witness at trial. The co-worker will testify that a senior manager of the employer told the co-worker that the employee would not be promoted because the employer deemed women to be poor managers.
Is the identity of the co-worker and the nature of her expected testimony subject to discovery by the employer?
A. Yes, the employee must disclose both the identity of the co-workker and a summary of her expected testimony, but only if the employer asks for the information in a appropriate discovery requests.
B. Yes, the employee must disclose the identity of the co-worker and a summary of her expected testimony, even without any request from the employer.
C. Yes, the employee must disclose the identity of the co-worker even without any request from the employer, but need not provide a summary of her expected testimony.
D. No, the co-worker's identity and her testimony consist of trial preparation materials and are subject to qualified immunity from discovery.
the law of demand refers to the
The amount of a commodity or service that is required and its price are correlated, with a rise in price leading to a drop in quantity desired and vice versa.
What is Law of Demand?The Law of Demand asserts that when an item or service's price rises, less of it will be sought by customers, and vice versa. In other words, the connection between price and quantity requested is inverse. As costs increase, customers start seeking for alternatives that provide a better value for their money. The law of demand makes the assumption that all other elements, such as income, preferences, and tastes, which may impact demand, would remain unchanged. The law is a fundamental economics idea that aids in comprehending market behavior and informing decisions regarding price and output.
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If you had to select one criteria for choosing amongst projects, which would you select?PaybackInternal Rate of ReturnReturn on InvestmentEither Payback or Internal Rate of ReturnNet Present Value.
If you had to select one criteria for choosing amongst projects, you would select the Net Present Value (NPV).
When evaluating different projects, it's important to consider different criteria to determine which project is the best investment. Some of the most common criteria used include Payback, Internal Rate of Return (IRR), Return on Investment (ROI), and NPV.
Payback is the amount of time it takes for an investment to recover its initial cost. The shorter the payback period, the better the investment is considered to be. However, payback only considers the time it takes to recover the initial investment and doesn't consider the future cash flows.
IRR is the rate at which the investment's net present value (NPV) becomes zero. In other words, it's the rate at which the investment's returns are equal to the initial investment. A higher IRR is generally considered to be a better investment. However, IRR can be misleading because it doesn't take into account the magnitude of the cash flows or the timing of the cash flows.
ROI is the ratio of the investment's net gain to the investment's cost. A higher ROI is generally considered to be a better investment. However, ROI doesn't consider the timing of the cash flows, only the total amount of the cash flows.
NPV is the difference between the present value of the cash inflows and the present value of the cash outflows. In other words, NPV considers the time value of money and calculates the present value of the future cash flows. A positive NPV indicates that the project is expected to generate more cash inflows than the initial investment, while a negative NPV indicates that the project is expected to generate less cash inflows than the initial investment.
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Three kilo of quid can be purchaed at the market for php 180 what will be the cot of 15 kilo of quid
Three kilo of quid can be purchaed at the market for php 180,The cost of 15 kilo of quid is 900.
What is the cost called?Cost is the amount of money spent by a business to produce or provide goods or services. It excludes the profit margin markup. Cost is the sum of money spent on making a thing or product, as seen from the seller's perspective.
Three kilo of quid can be purchaed at the market for php 180
180 / 3 * 15 = 60
Lone kilo Php boy. = 60 * 15 = 900 ( simple operation)
=900
Three kilo of quid can be purchaed at the market for php 180,The cost of 15 kilo of quid is 900.
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Coronado Corporation has retained earnings of $723,800 at January 1, 2020. Net income during 2020 was $1,406,200, and cash dividends declared and paid during 2020 totaled $79,200. Prepare a retained earnings statement for the year ended December 31, 2020. Assume an error was discovered: land costing $89,860 (net of tax) was charged to maintenance and repairs expense in 2019. (List items that increase retained earnings first. )
A retained earnings statement is a summary of the changes in a company's retained earnings over a specified period of time. It can be used to track the movement of the company's earnings from one period to the next.
Here is the retained earnings statement for Coronado Corporation for the year ended December 31, 2020:
Retained Earnings Statement
For the Year Ended December 31, 2020
Retained earnings, January 1, 2020: $723,800
Add: Net income for 2020: $1,406,200
Less: Cash dividends declared and paid during 2020: $(79,200)
Corrected retained earnings, December 31, 2020: $2,050,800
The error that was discovered needs to be corrected by adjusting the retained earnings for the previous year, 2019. The correction will be to add back the land cost that was charged to maintenance and repairs expense in 2019.
Retained earnings, January 1, 2020 (corrected): $813,660
Add: Net income for 2020: $1,406,200
Less: Cash dividends declared and paid during 2020: $(79,200)
Retained earnings, December 31, 2020 (corrected): $2,140,660
The corrected retained earnings statement accurately reflects the company's financial position and allows stakeholders to make informed decisions about the company's future.
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zeff co. prepared the following reconciliation of its pretax financial statement income to taxable income for the current year ended december 31, its first year of operations:
The deferred tax liability to be recognized is: $900,000
A deferred tax liability is a listing on a company's balance sheet that records taxes that are owed but are not due to be paid until a future date. The liability is deferred due to a difference in timing between when the tax was accrued and when it is due to be paid.
The estimated litigation expense of $3,000,000 will be multiplied by the income tax rate for all the years which is 30%.
($3,000,000 × 30%) = $900,000
Therefore the deferred tax liability to be recognized is:$900,000
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complete question
zeff co. prepared the following reconciliation of its pretax financial statement income to taxable income for the current year ended december 31, its first year of operations:Pretax financial income $ 1,200,000 Estimated litigation expense 3,000,000 Installment sales profit (2,400,000) Taxable income $ 1,800,000 The estimated litigation expense of $3,000,000 will be deductible in 2019 when it is expected to be paid. The gross profit from the installment sales will be realized, and thus taxed, in the amount of $1,200,000 in each of the next two years. The income tax rate is 30% for all years. The deferred tax liability to be recognized is:
catherine is an assistant trainer at smartproof inc. she is working on a training manual to help new users learn how to operate the company's editing platform. employees will use the manual as a learning tool in training seminars. the manual will also serve as an on-the-job reference. the senior trainers and system analysts who designed the editing platform are expected to offer their comments on catherine's draft. in this scenario, the system analysts represent the
The analysist done by Catheine represents the Secondary Audience system analysist.
Secondary audience refers the to gous of people who are not directly related to the object of analysist but can influence the behaviour of the primary audience. Secondary audience is different from the primary audience because the primary audience is the audience with the decision making ability over an object.
In this case, the primary audience of the training manual is the employees who will use the manual as their learning tools. Hence, the senior trainers and system analysts who will not use the manual as their learning tools are the secondary audience. Any decision made by senior trainers and system analysts could influence the behavior of employees related to the new manual.
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how do changes to the federal funds rate affect the inflation rate?
The Federal Reserve, the central bank of the United States, uses changes in the federal funds rate to influence inflation.
When the Federal Reserve raises the federal funds rate, it makes borrowing more expensive for banks, which in turn raises interest rates for consumers and businesses.
This decrease in spending can help slow down the economy, reducing demand and potentially lowering inflation. Conversely, when the Federal Reserve lowers the federal funds rate, it makes borrowing cheaper, which can stimulate spending and increase demand, potentially leading to higher inflation.
However, the relationship between changes in the federal funds rate and inflation is complex and can be affected by many other factors.
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why 10 strategic operations management decisions are used
These decisions are: Design of goods and services, Quality management, Process and capacity design, Location strategy, Layout design and strategy, Human resources and job design, Supply chain management, Scheduling, Maintenance and reliability
Design of goods and services: This decision is about how to design the products or services that the organization will offer to customers.Quality management: This decision focuses on ensuring that the products and services meet or exceed customer expectations.Process and capacity design: This decision involves deciding how to design the production process and determining the capacity needed to produce the goods and services.Location strategy: This decision involves choosing the location for the organization's facilities, including production sites and distribution centers.Layout design and strategy: This decision focuses on designing the physical layout of the organization's facilities to optimize the flow of goods and services.Human resources and job design: This decision involves choosing the best employees for the organization and designing the jobs they will perform.Supply chain management: This decision involves managing the flow of goods and services from suppliers to customers.Inventory management: This decision involves managing the inventory of goods and materials to ensure that the organization has enough stock to meet customer demand.Scheduling: This decision involves determining the best schedule for producing the goods and services.Maintenance and reliability: This decision involves maintaining the organization's equipment and facilities to ensure they continue to operate at peak efficiency.The 10 strategic operations management decisions are used to help organizations make informed decisions that align with their overall business strategy and help them achieve their desired outcomes.
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while conducting process capability analysis, the threshold value to comapre cpk and cp against to test if a process is 3-sigma capable is...
The Cpk meets 1.33 if the control limits are set to +/- 3 sigma and all data is contained within the control limits.
A system's statistical ability to fulfill a list of requirements or specifications is determined by a set of calculations known as capability analysis. A set of data is needed to finish the calculations, typically produced by a control chart, though data can also be gathered explicitly for this reason. The results of a process capability analysis are used to determine if a manufacturing process can reliably create parts that fulfill specifications. Consider it to be comparable to a forecast. One of the key Six Sigma tools is the capability study. It provides information about our process capabilities and the likelihood that defects will be produced.
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if+the+project’s+cost+of+capital+is+10%,+should+the+spectrometer+be+purchased?
It depends on the expected return on investment (ROI) of the spectrometer compared to the cost of capital of 10%. If the ROI is higher than 10%, it is a good investment, otherwise, it may not be worth the investment.
Cost of capital refers to the opportunity cost of investing in a particular project or asset. It is the return that could have been earned by investing in an alternative investment with similar risk.
When a company is considering an investment, such as purchasing a spectrometer, it is important to compare the cost of capital with the expected return on investment (ROI) of that investment.
If the expected ROI is higher than the cost of capital, it is considered a good investment, as it will generate a positive return for the company. However, if the expected ROI is lower than the cost of capital, it may not be a wise investment, as the company will likely not earn a positive return and may even lose money.
In this case, the cost of capital is 10%, so the expected ROI of the spectrometer must be higher than 10% for it to be a good investment.
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Why is management an important discipline to study?
For management to apply easily in an association, all the functions starting from planning to organizing also staffing to directing and ending up with controlling is essential. thus, operation is considered as a discipline.
What's operation as a discipline of study?
operation as a discipline refers to that branch of knowledge which is connected to study of principles & practices of introductory administration. It specifies certain law of conduct to be followed by the director & also colorful styles for managing coffers efficiently.
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what are the implications of this idea for the shape of the production possibilities frontier?
The producing potential's border will bowed outward. The production possibilities frontier frequently slopes downward because there is a trade-off between the products produced as a result of the limited resources.
Producing something from parts or raw materials is known as the production process. In other words, manufacturing is the process of taking inputs and turning them into an output that is fit for consumption—a good or product that has value for the end-user or consumer. Essentially, it basically refers to a production procedure or its outcome. Manufacturers are what economists refer to as producers. These companies manufacture products, which they subsequently sell to customers. As an example, a clothing company creates clothing for its clients. Production is a systematic process that transforms raw resources into finished products and services with the objective of satisfying market demand.
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the rate of unemployment is found by dividing the: a. a labor force by the number of people looking for work. b. unemployed and discouraged. c. number of people looking for work by the population. d. number of people looking for work by the number of people looking for work plus the number of people employed.
The unemployment rate for any location is calculated by dividing the number of locals who are unemployed and actively looking for work by the total local workforce.
By dividing the number of jobless people by the entire labor force, multiplied by 100, we may determine the unemployment rate. The percentage of unemployed people in the labor force is known as the unemployment rate. One must be out of work and actively seeking employment in order to be classified as jobless. To find the proportion of people who are unemployed, divide the number of unemployed people by the total work force, multiply the result by 100.
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when the marketing research problem is not clearly defined, a researcher will likely engage in __________ research.
When the marketing research problem is not clearly defined, a researcher will likely engage in qualitative research.
Marketing research is the methodical gathering, logging, and analysis of qualitative and quantitative data about issues pertaining to the marketing of goods and services. The goal is to identify and assess the impact that changing elements of the marketing mix have on consumer behavior. Marketing research offers data that is relevant to decision-making, which helps marketing management. Marketing analysis neither determines the decisions nor ensures success.
An example of conducting market research online is noting the most recent information released on a particular subject.
Primary, secondary, quantitative, and qualitative disciplines were traditionally included in market research.
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Suppose that Albert can buy a bond for $1,000 that matures in two years and pays Albert $1,102. 5 with certainty. Today he is indifferent between this bond and one that has some risk but on which the annual interest rate is 3% higher. How much, to the nearest penny, does the riskier bond pay in two years?
a. $1,166. 40
b. $1,160. 00
c. $1,168. 65
d. $1,169. 64
Answer:
d
Explanation:
To find the amount that the riskier bond pays in two years, we need to determine what interest rate Albert would require to be indifferent between the two bonds.
Let's assume that the riskier bond pays an interest rate of r. Then the amount that it pays in two years is given by:
1000 * (1 + r/100)^2
Since Albert is indifferent between the two bonds, this amount must be equal to $1,102.5.
So we have:
1000 * (1 + r/100)^2 = 1102.5
We can solve for r by taking the square root of both sides and multiplying by 100:
r = 100 * sqrt(1102.5 / 1000) - 100
r = 100 * sqrt(1.1025) - 100
r = 100 * 1.0498 - 100
r = 4.98
So the interest rate on the riskier bond must be 4.98%.
Finally, to find the amount the riskier bond pays in two years, we can use the formula:
1000 * (1 + 4.98/100)^2 = $1,169.64 (to the nearest penny).
Thus, the answer is d) $1,169.64.
babe ruth, the famous baseball player, earned $80,000 in 1931. today, the best baseball players can earn more than 300 times as much as babe ruth earned in 1931. however, prices also have risen since 1931. we can conclude that
We can conclude that One cannot determine whether baseball starts today enjoy a higher standard of living than Babe Ruth did in 1931 without additional information regarding increases in prices since 1931. One of the reasons for the same is the unknown rate of inflation.
In order to determine whether baseball players today enjoy a higher standard of living than Babe Ruth did in 1931, one would need to take into account changes in prices since then, as well as changes in the cost of living and changes in the goods and services available to people. This information would provide a more complete picture of changes in the standard of living and allow for a more accurate comparison between Babe Ruth's standard of living and that of today's baseball players. It's important to consider factors such as inflation, purchasing power, and changes in technology and amenities when making comparisons of this nature.
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The given question is incomplete. The complete question is as follows as:
Babe Ruth, the famous baseball player, earned $80,000 in 1931. Today the best baseball players can earn more than 400 times as much as Babe Ruth earned in 1931. However, prices have also risen since 1931. We can conclude that:
a. the best baseball players today are about 400 times better off than Babe Ruth was in 1931.
b. because prices have also risen, the standard of living of baseball stars hasn't changed since 1931.
c. one cannot make judgments about changes in the standard of living based on changes in prices and changes in income.
d. one cannot determine whether baseball starts today enjoy a higher standard of living than Babe Ruth did in 1931 without additional information regarding increases in prices since 1931.
in what three ways is ford’s proposed vision statement better than the firm’s actual vision statement?
The proposed vision statement is better than the actual vision statement because it is clearer, more relevant, and more inspiring. These three factors make it easier for Ford to achieve its goals and continue to be a leader in the automotive industry.
Ford is an American multinational automaker that was founded in 1903. Over the years, the company has evolved and adapted to the changing times. One way it has done this is by updating its vision statement, which outlines its goals and aspirations for the future.
In this answer, we will compare Ford's proposed vision statement with its actual vision statement and discuss three ways in which the proposed vision statement is better.
Clarity: The proposed vision statement is more clear and concise than the actual vision statement. It clearly states the company's goals and objectives, making it easier for employees, shareholders, and customers to understand what Ford stands for.Relevance: The proposed vision statement is more relevant to today's market and the changing needs of consumers. It takes into account the current trends and advancements in technology, and positions Ford as a leader in sustainable transportation solutions.Inspiring: The proposed vision statement is more inspiring and motivating for employees, customers, and shareholders. It sets a clear direction for the company and inspires everyone to work together to achieve its goals.To know more about Ford refer to-
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FILL THE BLANK. costs assigned to units of product in absorption costing include ______ manufacturing costs.
Costs assigned to units of product in absorption costing include both variable and fixed manufacturing costs.
What are manufacturing costs?The expenses incurred during the creation of a product are known as manufacturing costs. Direct material, direct labor, and manufacturing overhead expenditures are included in these expenses.
Normally, the costs are shown as separate line items in the revenue statement. These expenses are incurred by an entity during the production process.
The materials employed in a product's construction are referred to as direct materials. The amount of the production process's labor costs that is specifically attributed to a unit of production is known as direct labor.
The application of manufacturing overhead costs to units of production depends on many alternative allocation schemes, such as the number of direct labor hours or machine hours used.
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a business will be able to protect its trademark for how long?
It is renewable indefinitely with the payment of additional fees. Trademark rights are private property rights that are enforced through the court orders.
All registered trade marks are valid for ten years from the date of registration. When a trade mark's validity period expires, it can be easily renewed by the payment the Government's registration fee. Discover more about Trademark Renewal. In India, a trademark can be renewed for an indefinite period of time by paying the renewal fees, failing which the mark will be removed from the Register of trademarks. Each term of the renewal is for ten years.
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n a pure command economy, the prices at which goods and services are sold are planned by the multiple choice world trade organization. consumers. private monopolists. government. producers.
The correct option is C. In a pure command economy, the prices at which goods and services are sold are planned by the government. This means that instead of the market determining prices and supply and demand, the government intervenes and makes decisions about what prices and amounts of goods should be sold and purchased.
This type of economy is often associated with centrally-planned economies in which the government controls virtually all aspects of production and consumption. The government will determine the prices at which goods and services are sold, as well as the amounts that should be produced and sold. This type of system is different from a market economy in which prices and production are determined by the interaction of buyers and sellers.
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TRUE/FALSE. when compared to the country of origin principle, the country of reception approach to jurisdiction over internet transactions
When compared to the country of origin principle, the country of reception approach to jurisdiction over internet transactions, requires business managers to have more knowledge about various laws of different countries.
It is untrue that, in a matter involving online transactions, jurisdiction is only appropriate when the defendant engages in considerable online business activity in the relevant jurisdiction. A legal problem known as jurisdiction online transaction aims to resolve or support court jurisdiction over a lawsuit or disagreement involving a foreign defendant. In this case, the general rule is that proving jurisdiction over a defendant by showing them accessing a website is insufficient. Therefore, there must be more than one interaction in addition to the availability of a website for a court to legitimately exercise jurisdiction over a foreign defendant in Internet-based transactions.
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Which of Ebony's personal characteristics (traits, abilities, personalities, or styles) inhibit her effective management of time?
Firstly, Ebony might have a tendency to procrastinate.
Procrastination is the act of delaying tasks or activities until the last minute. This habit can lead to a feeling of stress and anxiety, causing Ebony to lose focus and time management skills.
Another personal characteristic that might be affecting Ebony's time management is her tendency to be disorganized.
Disorganization can lead to a lack of planning and prioritization, which are crucial elements of effective time management.
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What effect will the return of merchandise to the supplier in event 2 have on Darlington's financial statements?
Due to the decrease in assets and net income caused by the return of goods to the supplier in event 2, this will have a negative effect on Darlington's financial accounts.
What is Darlington's financial statement?The financial statements of Darlington are a group of documents that include data about the company's performance and financial health. These statements normally consist of the cash flow statement, income statement, and balance sheet. The balance sheet details the business's assets, liabilities, and equity as of a certain date.
The income statement displays the company's revenue, costs, and profit for a certain time period. The cash flow statement offers data on cash inflows and outflows, which aids in assessing the capacity of the business to create cash. All parties involved in the firm, including investors, lenders, and management, consult these financial statements before making choices.
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g (m) what happens to consumer surplus as a result of the merger? select one: a. consumer surplus increases. b. consumer surplus decreases. c. consumer surplus remains the same. d. it is not possible to say on the basis of the available information. e. it may increase or decrease based on the specific shape of the utility function of consumers. f. it will increase for some consumers and decrease for others.
It may increase or decrease based on the specific shape of the utility function of consumers.
A merger is a significant event for the market structure, as it can shift market power and affect the price, quantity supplied and quantity demanded of a good.
Depending on these changes, consumer surplus may increase, decrease or remain the same. For instance, if the price of a good decreases and the quantity demanded increases, consumer surplus will increase.
Conversely, if the price increases and the quantity demanded decreases, then consumer surplus will decrease. The exact outcome of the merger on consumer surplus is dependent on the specific shape of the utility function of consumers. If demand's price elasticity is high, a merger-induced price drop will result in more consumer surplus.
On the other hand, if the price elasticity of demand is low, then a decrease in price may not result in an increase in consumer surplus. Thus, it is not possible to predict the impact of a merger on consumer surplus without considering the specific shape of the utility function of consumers.
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the following information was taken from the accounting records of elliott manufacturing corp. unfortunately, some of the data were destroyed by a computer malfunction. sales revenue $ 58,000 finished goods inventory, beginning 9,000 finished goods inventory, ending 6,000 cost of goods sold ? gross margin 25,000 direct materials used 10,000 selling and administrative expense ? operating income 14,000 work-in-process inventory, beginning ? work-in-process inventory, ending 5,000 direct labor used 9,000 factory overhead 12,000 total manufacturing cost ? cost of goods manufactured ? cost of goods manufactured is calculated to be:
In the case of misplaced accounting records:
The cost of goods manufactured is calculated to be 11,000
SGA = Gross - Operating Income
11000 = 25,000-14000
COGS = Sales revenue - Gross $33000
COG Manufactured = COGS + Finished Ending - Finished Beginning $30,000
Total Man Cost = Direct material + Direct labor + Overhead $31000
Beg WIP = COG Man + Ending WIP - Total Man Cost $4000
What is accounting records?
Accounting records are important sources of data and proof needed to create, check, and/or audit financial statements. They also comprise proof of financial and non-financial activities, as well as documents to demonstrate asset ownership for the purpose of creating obligations.
Physical or digital accounting records are both acceptable.
In certain states, accounting organisations establish regulations on how to handle documents from the standpoint of financial statement presentation or auditing. Various nations have different laws, and each industry has its own set of record-keeping regulations.
Accounting records are necessary for all forms of accounting, including financial accounting and cost accounting, as well as for various business entities, such as corporations, partnerships, LLCs, and not-for-profit organisations as well as for-profit businesses.
Accounting records come in a variety of formats, including (among others):
Ledgers\sJournals Financial records Agreements and agreements Verification claims receipts for travel Invoices\sVouchersTo learn more about accounting records from the given link
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the following information was taken from the accounting records of elliott manufacturing corp. unfortunately, some of the data were destroyed by a computer malfunction. sales revenue $ 58,000 finished goods inventory, beginning 9,000 finished goods inventory, ending 6,000 cost of goods sold ? gross margin 25,000 direct materials used 10,000 selling and administrative expense ? operating income 14,000 work-in-process inventory, beginning ? work-in-process inventory, ending 5,000 direct labor used 9,000 factory overhead 12,000 total manufacturing cost ? cost of goods manufactured ? cost of goods manufactured is calculated to be:
suppose that silver is selling for $339 / lb. how many grams of silver could you buy for one dollar?
For one dollar, you can purchase approximately 1.34 grams of silver.
How many grams of silver can be purchased for one dollar?To determine how many grams of silver can be purchased for one dollar, the following steps can be followed:Convert the price of silver from dollars per pound to dollars per gram: There are approximately 454 grams in a pound. So, $339 / lb. is equal to $339 / (454 grams/lb) = $0.747 / gram.Divide one dollar by the price per gram: $1 ÷ $0.747 / gram = 1.34 grams of silverTherefore, for one dollar, you can purchase approximately 1.34 grams of silver.To learn more about grams refer:
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T/F economics is the study of how society manages its unlimited
The answer is true, economics is the study of how society manages its unlimited resources is true.
What is the best way to define economics?Economics is the study of scarcity and how it affects how resources are used, how commodities and services are produced, how production and welfare increase over time, and a wide range of other complicated concerns that are extremely important to society.
What, in plain terms, does economics mean?There are numerous definitions for economics. It is either the study of scarcity, the study of resource consumption and incentive response, or the study of decision-making. It frequently touches on matters of wealth and finance, but it's not only about money.
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a common identifiable element in buying centers in all sectors of the industrial market is: a. the accounting function. b. the purchasing function. c. the production function. d. the chief executive officer. e. the engineering function.
The common identifiable element in buying centers in all sectors of the industrial market is the purchasing function. The purchasing function refers to the individuals or groups within an organization who are responsible for making decisions about buying goods or services.
In the industrial market, the purchasing function is typically comprised of purchasing agents or buyers who are responsible for sourcing and purchasing products for the organization.
In a buying center, purchasing is not the only function that is involved in the decision-making process. Other functions such as engineering, production, accounting, and senior management also play a role in evaluating and selecting suppliers, products, and services. However, the purchasing function is the common element that is present in all buying centers and plays a central role in the decision-making process.
The purchasing function is responsible for many tasks, including conducting market research to identify potential suppliers, evaluating suppliers based on factors such as price, quality, delivery, and service, negotiating contracts and agreements with suppliers, and managing supplier relationships. They must also ensure that the products or services purchased meet the needs of the organization, and that they are delivered on time and within budget.
The purchasing function is critical to the success of buying centers in the industrial market. They help to ensure that the organization makes informed decisions about buying products and services, and that the best possible value is obtained for the organization. By working closely with other functions in the buying center, such as engineering, production, and accounting, the purchasing function can help to ensure that the needs of the organization are met and that the buying process runs smoothly.
In conclusion, the purchasing function is a common identifiable element in buying centers in all sectors of the industrial market. It plays a central role in the decision-making process and is responsible for many tasks, including sourcing and purchasing products and services, negotiating contracts and agreements with suppliers, and managing supplier relationships. The purchasing function is critical to the success of buying centers and helps to ensure that the organization makes informed decisions about buying products and services.
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best buy’s financial statements, dated february 2, 2019, report total assets of $11,869 million and total liabilities of $7,964 million.a. why might best buy have chosen february 2 as a year‑end date?
Best Buy likely chose February 2 as its year-end date to coincide with the end of their fiscal year. This is a common practice for companies, as it allows for the most accurate and up-to-date financial information to be reported.
By using February 2 as its year-end date, Best Buy is able to accurately report on the results of their financial performance for the entire year, which is important for investors and stakeholders.
Furthermore, by having a clear cut-off date for its financial statements, Best Buy is able to better monitor its financial health and maintain accurate accounting records. This, in turn, can help the company better manage its finances and make more informed decisions.
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