The effect of not reducing inventory on tire city's external financing would depend on several factors, such as the size of the inventory, the cost of holding the inventory, and the company's cash flow.
If tire city has a large inventory and is holding onto it for an extended period, the cost of holding the inventory may increase, which could negatively impact the company's cash flow and financial performance. This could make it more difficult for tire city to secure external financing in the future, as lenders or investors may view the company as a high-risk investment.
However, if tire city is able to manage its inventory effectively and sell it quickly, the company may not face any issues with external financing. In this case, the size of the inventory may not have a significant impact on the company's ability to secure financing.
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Which organizational resource is the focus of the behavioral management perspective?
Human organizational resource is the focus of the behavioral management perspective.
The premise of behavioural management theory is that managers will see people as valuable resources to help them accomplish goals by having a deeper understanding of the human side of their workforce. Employees feel that they are a part of a special group when management shows a special interest in them. According to this notion, a human can be inspired to do action by something external to themselves. For instance, a new car will encourage a student to finish high school. An grownup will be motivated to go to work every day if they have money.
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an international firm, entering a country's market early, may achieve a significant payback if that country:
An international firm, entering a country's market early, may achieve a significant payback if that country achieves sustained high economic growth rates.
In business and In marketing strategy, first-mover advantage generally can be defined as the competitive advantage gained by the initial significant occupant of a market segment. First mover also can be defined as a service or product that gains a competitive advantage by being the first to market with a product or service. In the business, first mover has an advantages to the firm, such as increased brand recognition , customer loyalty and increased sales that often accompany a business that is the first to enter the marketplace with a new product.
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Demand is perfectly elastic when the absolute value of the own price elasticity of demand is:
A. zero. B. one. C. infinite. D. unknown.
Perfectly Elastic Demand is a concept in economics that refers to the relationship between the quantity of a good demanded and its price. When demand is perfectly elastic, the smallest change in price leads to an infinite change in the quantity demanded. In other words, the demand curve is a horizontal line, indicating that the quantity demanded is completely insensitive to changes in price.
The own price elasticity of demand measures the responsiveness of demand to changes in the good's own price. When the absolute value of the own price elasticity of demand is infinite, demand is perfectly elastic. This means that consumers will buy an infinite amount of the good at a certain price, and will buy zero units if the price were to increase by even the slightest amount.
Perfectly Elastic Demand is a theoretical concept and does not occur in reality. However, it serves as a benchmark for comparing the responsiveness of demand for different goods. The closer the absolute value of the own price elasticity of demand is to infinity, the more elastic the demand is and the more responsive consumers are to changes in price.
In summary, Perfectly Elastic Demand occurs when the absolute value of the own price elasticity of demand is infinite. This means that demand is completely insensitive to changes in price and consumers will buy an infinite amount of the good at a certain price.
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Food and Entertainment (LO 3.5)
Grace is a self-employed sales consultant who spends significant time entertaining potential customers. She keeps all the appropriate records to substantiate her entertainment. She has the following expenses in the current year:
Restaurant meals where business was conducted $5,000
Greens fees (all business) $500
Tickets to baseball games (all business) $500
Country Club dues (all business use) $6,000
What are the tax-deductible meals and entertainment expenses Grace may claim in the current year?
Grace is allowed to deduct $2,500 from her current year's taxes for meals and entertainment.
What costs incurred by the self-employed are tax deductible?Rent for office space, meeting-related food and entertainment costs, office equipment depreciation, and travel expenses are a few examples of these costs. ITR for independent contractors can be streamlined in a few different ways. To prevent receiving an income tax notice from the tax department, remember to file electronically prior to the deadline.
Calculating entertainment expenses that are tax deductible:
Tax Deductible expenses= 5,000 X 50%
= 2,500
The tax-deductible costs total $2,500.
Please take note that country club dues, baseball tickets, and green fees are not deductible expenses.
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you are the project manager at diallonics, a large consulting firm. for ease of scheduling and organization purposes, it is important to ensure that all major goals, deadlines, and key dates are identified within the project schedule. which document outlines the actual dates for project milestones? answers a. schedule network diagram b. project schedule c. work performance data d. variance analysis
Project schedule document outlines the actual dates for project milestones.
What is Project schedule ?A project schedule outlines the tasks that must be completed, the resources that must be used, and the project's due date. It's a timeline that specifies the beginning and ending times as well as the milestones that must be attained for the project to be finished on schedule.The process of determining how the modification would affect the project is known as the impact assessment stage. The systematic capture of all the necessary information should be possible with the aid of a change request template. To enable the sponsor and stakeholders to make an educated choice is the goal.Determining levels of involvement and developing a communication strategy for each stakeholder group are equally crucial. Motivate participants to take initiative.To learn more about Project schedule refer to:
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On January 1, 2019, Crane Corporation acquired machinery at a cost of $1650000. Crane adopted the straight-line method of depreciation for this machine and had been recording depreciation over an estimated life of ten years, with no residual value. At the beginning of 2022, a decision was made to change to the double-declining balance method of depreciation for this machine. The amount that Crane should record as depreciation expense for 2022 is
So, Crane Corporation should record $328,295 as the depreciation expense for 2022.
the amount of depreciation expense for 2022 under the double-declining balance method
Ee need to first calculate the remaining book value of the machinery at the beginning of 2022.
Since the straight-line method of depreciation was used for the first three years (2019-2021), we can calculate the annual depreciation expense as follows:
$1650000 / 10 years = $165000 per year
So the accumulated depreciation at the end of 2021 would be:
$165000 * 3 years = $495,000
The remaining book value of the machinery at the beginning of 2022 would be:
$1650000 - $495,000 = $1,155,000
Next, we need to calculate the depreciation rate under the double-declining balance method.
The depreciation rate is usually expressed as a percentage of the remaining book value and is determined by the formula:
Depreciation rate = 2 / Estimated useful life (in years)
Using this formula, the depreciation rate for the remaining seven years would be:
Depreciation rate = 2 / 7 = 0.2857 or 28.57%
Finally, we can calculate the amount of depreciation expense for 2022 by applying the depreciation rate to the remaining book value of the machinery:
Depreciation expense for 2022
= 28.57% * $1,155,000
= $328,295.
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which of the following statements is true? which of the following statements is true? posting occurs when numbers in the general ledger accounts are transferred to the general journal. if all transactions are correctly posted to the general ledger, the sum of the accounts with debit balances should be equal to the sum of the accounts with credit balances. if the sum of the debit balances equals the sum of the credit balances, then there were no mistakes made in the posting process. if a debit entry is made to an account in the general journal, the same account will receive a credit entry when the amount is posted to the general ledger.
The first and second statements are true: "Posting occurs when numbers in the general ledger accounts are transferred to the general journal."
Data from source documents are transferred to the general ledger accounts, which serve as a permanent record of the business's financial transactions, through the posting process. The general ledger receives the data from the general journal, which provides a chronological record of transactions, and updates and summarises it.
The sum of the accounts with debit balances should equal the sum of the accounts with credit balances if all transactions are properly recorded in the general ledger.
Every transaction in double-entry accounting involves a debit and a credit entry, which must balance. The total number of debit entries should equal the total number of credit entries if all transactions are accurately documented and posted. A crucial component of double-entry accounting is the balance of debit and credit entries in the general ledger, which serves to assure the correctness of the financial records.
The final claim, "If the total of the debit balances equals the total of the credit balances, then there were no errors in the posting process," is not always true.
Although a fundamental tenet of double-entry accounting, the balance of debit and credit entries does not ensure that all transactions were accurately recorded and posted. Even if all of the debits and credits balance out, there could still be errors in the transaction recording process, such as inaccurate amounts or accounts.
The fourth assertion is likewise accurate: "If a credit entry is made to an account when the amount is posted to the general ledger, the same account will get a credit entry."
Every transaction in double-entry accounting requires a debit and a credit entry. When the amount is posted, the same transaction that was entered as a debit in the general journal will be entered as a credit in the general ledger. This gives a permanent record of the transaction in the general ledger and guarantees that the debit and credit entries balance.
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what is the monthly share of monica's annual expenses?A. $102 B. $132 C. $150 D. $1225
Answer:i believe its 102
Explanation:
Your journal why is the zero-based budget the most effective type of budget?
The zero-based budget is the most effective type of budget When every expense is carefully scrutinized, the highest revenue-generating activities are prioritized.
Zero-primarily based budgeting is a budgeting approach that requires all prices to be justified and accredited in each new price range length. It became evolved by way of Peter Pyhrr in the 1970s. This budgeting method analyzes an employer's needs and fees by using starting from a "zero base" at the beginning of every period.
Zero-based totally budgeting (ZBB) is a budgeting technique wherein all charges should be justified for a brand new duration or yr beginning from 0, as opposed to starting with the previous finances and adjusting it as wanted. The goal of a 0-primarily based price range is to make sure that your income, minus all your overheads, equals zero (earnings – charges = zero). This technique of budgeting allows you to easily adapt your finances every month if your fees trade.
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The point where the consumption schedule intersects the 45-degree line ?A)the MPC equals 1. B)saving is zero. C)the APC is zero. D)saving equals income.
The point at which the consumption curve intersects the 45-degree line is the break-even point which to the point where the income=consumption or savings= 0.
Institutional units use up goods or services through the activity of consuming, which can be either final or intermediate. It is the utilisation of products and services to fulfil personal or societal needs and desires.
The break-even threshold is reached when overall costs and total revenues are equal, leaving your small firm with no net benefit or loss. In other words, you've achieved the point in production where the revenue from a product equals the cost of manufacture.
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Agency relationships can exist outside an employer-employee relationship, and thus agency law has a broader reach than employment law does. (True/False)
Agency relationships can exist outside an employer-employee relationship, and thus agency law has a broader reach than employment law does - True.
Agency law refers to the legal relationship between an "agent" and a "principal." In an agency relationship, the agent acts on behalf of the principal and has the authority to bind the principal in contractual relationships with third parties. The principal is responsible for the actions of the agent taken within the scope of the agency relationship.
Agency law governs the rights and duties of both the agent and the principal, and sets the rules for the creation, operation, and termination of the agency relationship.
Agency relationships can exist in various contexts, including employment, business, real estate, and entertainment, among others.
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. there is evidence that the uncertainty surrounding the precise nature of the post-brexit trade deal between britain and the eu has lowered economic growth rates in britain. why do you think uncertainty over trade has this effect on growth?
Uncertainty is linked to poorer productivity and investment, with particularly significant effects for highly productive firms that are most vulnerable to EU trade.
A number of causes, including Brexit and the coronavirus outbreak, have led to acute labor shortages in a number of sectors of the UK economy. While difficulties have existed in other nations as well, they have been particularly severe in Britain.
Growth in productivity has also slowed, and the steepest declines in productivity have been seen in the companies that are most apprehensive about Brexit.
One explanation for the productivity decline may be that top management was devoting time on Brexit arrangements, with 4 being the highest level of uncertainty on a scale ranging from one to 4.
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in which market is government most likely to intervene to prevent a market failure? market for college education
To address market failure, governments might employ a variety of tools. These include taxes to internalize externalities, the provision of public goods to address the issue of free ridership.
Public awareness and regulation to lessen the issues brought on by imperfect information flows. In order to enhance overall economic justice, governments may also intervene in markets. One of the most prevalent and widely recognized justifications for government involvement is to maximize social welfare.
Monopolies can be dismantled, for instance, and harmful externalities like pollution can be controlled. Correcting market failure issues related to public goods, external costs and benefits, and imperfect competition is one of the functions of the government. It is always possible for government intervention to lower deadweight losses by bringing markets closer to efficient solutions.
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Correct Question:
In what market is government most likely to intervene to prevent a market failure?
Which of the following is a major difference between the linear and transactional models of communication?
Question 5 options:
a. The transactional model is a simplified form of the linear model.
b. The linear model is a better representation of the complexity of human communication than the transactional model.
c. Both models have messages, channels, environments, and noise, but the transactional model includes encoding and decoding.
d. The transactional model more accurately shows that people are communicating all of the time, that all participants are communicators and accounts for feedback and nonverbal communication.
The linear model is a better representation of the complexity of human communication than the transactional model. Both models have messages, channels, environments, and noise, but the transactional model includes encoding and decoding. In this case option B is correct.
Learning how to convey information clearly is the main focus of a communications degree.
Your communications degree will increase your awareness of the best ways to effectively communicate information to various audiences with specific business goals in mind.
ISCOM, a French institution that offers a variety of English-taught communications programs, helps students get ready for a variety of careers in communication.
Located in the heart of Paris, ISCOM collaborates with a network of business partners and expert lecturers to help students develop their skills in a range of communication-related fields, including digital communications, advertising and marketing, politics, companies, and brands.
To provide meaning and resonance, strong communication skills are essential.
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what+is+the+value+of+a+bond+with+a+coupon+rate+of+7%,+a+par+value+of+$1,000,+maturing+in+11+years,+making+semi-annual+payments,+if+the+appropriate+discount+rate+is+6%+per+year?
the bond with a 7% coupon rate, $1,000 par value, maturing in 11 making semi-annual payments, is worth $974.20 .
The bond's price can be calculated using the present value formula:
PV = (C / (1 + r)^t) + (F / (1 + r)^n)
Where:PV is the present value (price of the bond)
C is the semi-annual coupon payment (7% / 2 = 0.07 / 2 = 0.035)
r is the semi-annual discount rate (6% / 2 = 0.06 / 2 = 0.03)
t is the number of coupon payments made to date (0, since it's just been issued)F is the face value ($1,000)
n is the total number of coupon payments (11 x 2 = 22)
Plugging in the values, we get:
PV = (0.035 / (1 + 0.03)^0) + ($1,000 / (1 + 0.03)^22) = $974.20
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IN REVIEWING CLIENT BILLING, YOU DISCOVERED MANY ENTRIES FOR WORK WHICH YOU KNOW WAS NOT DONE.
RULE/CANON:
VIOLATION AND CORRECTION:
USING FEDERAL RULES OF CIVIL PROCEDURE:
IN COMPUTING TIME UNDER FEDERAL RULES, HOW MANY DAYS MAY BE ADDED FOR DOCUMENTS SERVED BY MAIL?
In reviewing client billing, you discovered many entries for violation and correction work which you know was not done.
As part of the client-server architecture of computer networks, a client is any hardware or software component of a computer that uses a server to access a service that the server has made accessible. The client usually connects to the service over a network when the server is located on another computer system. a client is someone who has registered with, is getting services from, or is receiving financial help from, a welfare agency. computer software or a workstation that communicates with a server to seek data or information A client is a specific kind of customer that gets professional services from a business, whereas a customer is anybody who makes a purchase from a firm, whether it be of goods or services. Customers often purchase items, whereas clients typically procure guidance and remedies.
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a marketer created an ad for a beachfront property with an infinity pool. the ad needs to be shown to people searching for this type of property for their next vacation getaway. which type of audience should the marketer select?
Option 4 is Correct. An advertisement was made by a marketer for a beachfront home with an infinity pool. The marketer should choose an audience with a Custom intent.
People looking for this kind of property for their upcoming getaway must see the advertisement. A marketer is a person who advertises the goods and services of a company. They identify the tactics that can increase sales and revenue while making sure that these tactics are in line with both customer and market need.
You may want to think about a marketing position if you are interested in business vocations. To persuade customers to buy a company's goods or services, marketing specialists utilize advertising, persuasion, and brand awareness.
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Correct Question:
A marketer created an ad for a beachfront property with an infinity pool. The ad needs to be shown to people searching for this type of property for their next vacation getaway. Which type of audience should the marketer select?
1. Custom affinity
2. Activity-based
3. Target
4. Custom intent
you are an expatriate working in a foreign country. you have been asked to offer a cash payment gift to the procurement manager at a company with whom you are bidding on work. before you proceed further with the request what question should you ask first? answers a. are you willing to accept responsibility for your decision to proceed with the request? b. does your decision to proceed with the request align with the pmi code of ethics and professional conduct? c. does your decision to proceed with the request abide by the law? d. will your decision to proceed with the request seem like a good idea a year from now?
The correct question to ask first is does your decision to proceed with the request abide by the law.
It is important to always prioritize compliance with the law, particularly when conducting business in a foreign country. Before proceeding with any request to offer a cash payment as a gift, it is essential to ensure that it is not in violation of any local or national laws. Breaking the law can result in serious consequences, including fines, imprisonment, and harm to your reputation.
Additionally, it is important to consider whether the payment would be considered illegal under anti-corruption laws, such as the Foreign Corrupt Practices Act in the United States. By ensuring that your actions abide by the law, you can minimize the risk of negative consequences for yourself and your organization.
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a good with no close substitutes is predicted to have relatively demand, since consumers cannot easily switch to a substitute good if the price of the good were to increase.
Due to the difficulty of switching to a substitute product in the event that the price of the primary good increases, a good without any near substitutes is likely to have very Relatively inelastic. Consumer responsiveness to price changes is gauged by the price elasticity of demand.
Demand is likely to be somewhat INELASTIC when there are no close substitutes for a good because consumers find it difficult to switch to a substitute if the price of the original good rises. A demand that is elastic changes significantly in response to a price change in the quantity desired. Inelastic demand is defined as a small change in quantity required as a result of a price modification.
Items made of elastic are usually required when there are no adequate alternatives. The three most often purchased goods with inelastic demand are utilities, prescription drugs, and tobacco products. Companies that sell these products can be more flexible with pricing because demand stays constant despite price changes. When a price change causes a large movement in the amount desired, this is referred to as having an elastic demand. An inelastic demand is one where a price change only slightly alters the quantity demanded. The equation to determine demand elasticity is [tex]\frac{Q_1-Q_2}{Q_1+Q_2}[/tex] .
When a buyer's desire for a product does not fluctuate as much as a product's price change, this is known as inelastic demand. Demand is said to be inelastic when the price rises by 20% yet the decline in demand is only 1%.
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marginal functions are those a. that, if not performed, the job would cease to exist. b. that are secondary to the function of the job. c. that are performed outside the margins, or boundaries of the place of employment. d. that are used to focus recruitment and selection efforts.
Marginal functions are those d. that are used to focus recruitment and selection efforts.
What are marginal functions?
The term "marginal functions" refers to work responsibilities or tasks that are viewed as incidental or not essential to the position's primary objective. By highlighting the essential duties and competencies necessary for the position, these functions are utilised to concentrate recruiting and selection efforts. They are not deemed necessary for the work to exist, but they may nevertheless have an impact on how well the task is done overall. In order to concentrate on the essential duties and talents needed for a position, marginal functions are employed in the recruiting and selection process. They aid in the precise definition of the job specifications and guarantee that the best candidates are given consideration for the post. The uses of marginal functions include the following:
1. Job analysis: Marginal functions are used to pinpoint the primary duties and responsibilities of a position as well as the qualifications and background needed to carry them out successfully.
2. Recruitment: Employers frequently highlight the position's ancillary duties in job advertisements in an effort to draw in skilled candidates.
3. Selection: Employers may analyse a candidate's qualifications and experience during the interview process by posing questions about marginal functions.
4. Performance Evaluation: Marginal tasks may be used to gauge a worker's overall effectiveness, as well as their capacity to carry out both the primary duties and ancillary duties of the position.
The correct individual is hired for the position, and the job criteria are clearly specified, thanks in large part to the work of marginal functions.
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marginal functions are those a. that, if not performed, the job would cease to exist. b. that are secondary to the function of the job. c. that are performed outside the margins, or boundaries of the place of employment. d. that are used to focus recruitment and selection efforts.
the slope of the production possibilities frontier describes what?
The opportunity cost of producing one good in comparison to another is shown by the slope of the PPF, and the opportunity cost can be compared to the opportunity costs of other producers to ascertain comparative advantage.
Opportunity cost in the production of commodities is what is lost when resources are diverted from one product to another. A curve on a graph depicts the amount that can be produced to its maximum.
The production possibility frontier (PPF), which depicts situations that are impractical given the available resources, is above the curve.
The PPF illustrates that an increase in one commodity's production can only occur when the production of the other commodity falls.
Managers can use the PPF as a tool for making decisions when determining the best product mix for their organisation.
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define and differentiate between gross income and agi. name several types of tax-exempt income. what is passive income?
Adjusted gross income (AGI) is defined as gross income less adjustments to income. Your gross income is comprised of your salary, capital gains, retirement benefits, and all other sources of income.
What are capital gains?If you sell an asset for more than its adjusted basis, you'll realise a capital gain. If the asset is sold for less than its adjusted basis, you will incur a capital loss. Tax deductions are not available for losses incurred from selling personal property like your home or car.
What types of gross income are there?The sum of money earned by an individual before taxes and other deductions is referred to as their gross income. Your earnings could come in a variety of forms, such as wages, tips, bonuses, hourly pay, rental income,
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which of the following statements is true? group of answer choices luxury goods tend to have more elastic demand curves. goods that are necessities tend to have more elastic demand curves. the elasticity of demand for a particular brand of product equals the elasticity of demand for the product category. goods with more substitutes tend to have a lower elasticity of demand.
From the given statements, the correct statement is that the luxury goods tend to have more elastic demand curves. Thus, option A is correct.
A luxury good implies that an increase in income results in a greater percentage rise in demand. It denotes that the income elasticity of demand exceeds one. The demand curve depicts the connection between the price of a commodity or activity and the quantity demanded over a specific time period.
A common depiction will show the price on the left vertical axis and the amount requested on the horizontal axis. The demand curve for luxury goods slopes upward rather than downward. It is because fancy items are prestige signals. The demand curves for luxury items are more elastic.
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you have just finished prioritizing project risks based on the probability of occurrence and impact to the project. which action should you do next? answers a. perform a brainstorming session b. perform a qualitative analysis c. perform a quantitative analysis d. perform a reserve analysis
Since you have just finished prioritizing project risks based on the probability of occurrence and impact to the project. The action that you do next is option c. perform a quantitative analysis.
What is the prioritizing about?After prioritizing project risks based on their probability of occurrence and impact, the next step is to perform a quantitative analysis. This type of analysis uses mathematical and statistical methods to further evaluate and quantify the risks. The objective of a quantitative analysis is to provide more accurate and precise information about the risks, which can be used to make informed decisions and develop effective risk mitigation strategies.
In conclusion, a quantitative analysis is an essential step in the risk management process, as it provides a more detailed and accurate assessment of the risks facing a project. The results of the analysis can be used to develop effective risk mitigation strategies and to make informed decisions that help to ensure the success of the project.
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FILL IN THE BLANK. the more accurate method of closing out the balance in manufacturing overhead is ______.
The more accurate method of closing out the balance in manufacturing overhead is allocating it among work in progress, finished goods and COGS- Cost of goods sold.
All manufacturing expenses that cannot be linked to a single job are included in manufacturing overhead. It is typical to have excess or underapplied manufacturing overhead at the end of the fiscal year because it is impossible to estimate how much will be used during the year. Financial statements must be balanced in order to account for this sum. Closing it out to cost of goods sold is the most typical accounting approach for underapplied manufacturing overhead. This shows that the actual cost of making the sold goods was more than expected. Cost of products sold is credited in order to balance the books because the manufacturing overhead account is in a minus position. The cost of manufacturing should therefore equal zero.
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which of these will promote a strong culture of ethics at sybil?
These will promote a strong culture of ethics at sybil is a code of ethics.
What is code of ethics?A code of ethics is a collection of guiding principles designed to teach professionals how to operate in a way that is truthful and advantageous to all parties concerned. A set of broad rules or ideals is often what makes up a code of ethics or professional code of ethics. A code of conduct policy is often more detailed and provides instructions on how to react in certain circumstances. An example of a code of conduct rule would be one that specifically forbids taking or giving bribes.
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The Great Recession of 2008 to 2009 changed _________.
A.the geographic distribution of wealth
B.the demand for housing
C.birth rates of American households
D.consumer attitudes toward spending
E.the average retirement age
Larger societal influences on a corporation, such as those in the fields of economics, politics, and culture, are included in the microenvironment.
The Correct Answer is Option D.
What is micro environment?The aspects or circumstances in a firm's immediate surroundings that have an impact on its performance and decision-making; these factors include the firm's suppliers, competitors, marketing intermediates, customers, and publics.Microenvironment (ecology), commonly referred to as a microhabitat, is a very small, particular area within a habitat that may be recognised from its immediate surrounds by elements including the volume of incident light, the level of wetness, and the range of temperatures.Extracellular matrix (ECM), cells, and interstitial fluid collectively make up a cell's microenvironment, which affects cellular phenotype via physical, mechanical, and biochemical factors.In contrast to microenvironmentation, which is the process of growing plantlets in small culture vessels in vitro, microenvironment is defined as the immediate small-scale environment of a plant cell or tissue.The macroenvironment is made up of nearby elements that have an impact on a company's capacity to serve its clients, including suppliers, target markets, rivals, and the general public. efforts. Its marketing initiatives may be impacted by customers.To Learn more About microenvironment Refer TO:
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manufacturing costs for davenport company during 2018 were as follows: beginning finished goods, january 1 $ 24,100 beginning raw materials, january 1 35,500 beginning work in process, january 1 110,300 direct labor for the current year 275,300 ending finished goods, december 31 22,400 ending raw materials, december 31 40,250 ending work in process, december 31 120,600 material purchases for the current year (including $15,000 of indirect material) 304,200 required: compute direct material used.
To compute the direct material used, we need to find the difference between the beginning raw materials and the ending raw materials and then add the cost of the material purchases for the current year:
Direct Material Used = (Beginning Raw Materials - Ending Raw Materials) + Material Purchases
Direct Material Used = (35,500 - 40,250) + 304,200
Direct Material Used = $299,450 So, the direct material used by Davenport Company during 2018 was $398,450.
What is direct material?
Direct material refers to the raw materials or components that are directly used in the production of a finished product. Direct materials are a key cost component of manufactured goods and are typically traced directly to the finished product for cost accounting purposes. Examples of direct materials include raw materials such as steel, plastic, and wood for a manufacturer of furniture; ingredients for a food manufacturer; or components for an electronics manufacturer. Direct material costs are an important factor in determining the cost of goods sold and, therefore, the overall profitability of a business.
Hence, the answer is $398,450.
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Which business environment was affected when GrubHub expanded its target market to include families and working mothers in the suburbs?
A. Economic and legal
B. Social
C. Technological
D. Competitive
E. Global
The business environment was affected when GrubHub expanded its target market to include families and working mothers in the suburbs is B. Social.
What inspired the creation of Grubhub by its founders?Ideation. In 2004, Matt Maloney and Mike Evans founded Grubhub because they couldn't find a convenient way to order meals that didn't involve calling restaurants to get the menu and then reading their payment cards and addresses.
Due to their early entry into the market for food delivery services, GrubHub has an advantage over other businesses in the sector. D. The technological environment enables establishments to confirm and finalize orders as well as alter menu items via the GrubHub tablet app.
Therefore, option B is corect.
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as your income increases, what do you think will happen to your demand curve for folgers coffee?
As income increases, the demand curve for Folgers coffee is likely to shift rightwards.
This is because as a person's income rises, they have more disposable income to spend on luxury items, such as more expensive brands of coffee.
Additionally, as income increases, individuals are also able to afford to purchase more of a good, causing the demand curve to shift.
It's important to note that this relationship between income and demand is not absolute, as there are other factors such as personal preference and availability of substitute goods that can affect demand for a product.
Furthermore, the magnitude of the shift in the demand curve will depend on the degree to which the increase in income affects the consumer's willingness and ability to buy Folgers coffee.
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