7. The FIFO method separates beginning inventory and current production to compute cost per unit of production. true or false
Answers
The statement "The FIFO method separates beginning inventory and current production to compute cost per unit of production" is false because the FIFO method separates current production and ending inventory to compute the cost per unit of production.
In other words, under the FIFO method, the costs of the oldest inventory items (i.e., beginning inventory) are assumed to be transferred out first, followed by the costs of the most recent production (i.e., current production).
Therefore, the cost per unit of production is based on the cost of the most recent production, which is in ending inventory, and not the beginning inventory.
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Related Questions
Jorge's soccer team is having its annual fundraiser. The team hopes to earn at least three times as much as it did last year. Last year the team earned $87. What is the team's goal for this year?
Answers
Answer:
131usd is the aswer
Explanation:
87*3=131usd
Which of the following is a similarity between group bonuses and team awards?
Multiple Choice
They both provide incentives to members based on terms of physical output.
They are both more likely to use a broad range of performance measures.
They encourage members to cooperate so that they can achieve their goals.
They both require heavy investment from the employer’s side.
Answers
The similarity between group bonuses and team awards is that they both encourage members to cooperate so that they can achieve their goals.
Both group bonuses and team awards incentivize members to work together and collaborate towards a common objective. They recognize the collective effort and achievement of the group or team rather than individual performance. By promoting cooperation and collaboration, both types of incentives foster a sense of unity and teamwork among members.
Group bonuses and team awards are designed to align the efforts of team members towards shared goals and outcomes. They recognize the interdependence and synergy that can be achieved through business. In contrast to individual-based incentives, group bonuses and team awards emphasize the importance of collective success and foster a collaborative work culture.
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The similarity between group bonuses and team awards is Option C. They encourage members to cooperate so that they can achieve their goals.
In a group bonus system, employees are rewarded based on the overall performance of the group or department. This means that individuals are incentivized to work together to achieve a common goal, as their success is tied to the success of the group as a whole. Similarly, team awards are designed to recognize and reward teams for their collaborative efforts and achievements. The emphasis is on teamwork and cooperation, with members working together to achieve a shared goal.
The focus is not on individual performance, but rather on the collective achievements of the team. Both group bonuses and team awards are more likely to use a broad range of performance measures, as they are focused on overall performance rather than individual output. This can include metrics such as customer satisfaction, quality of work, and overall productivity.
While both group bonuses and team awards can require a heavy investment from the employer's side, the benefits can far outweigh the costs. By incentivizing teamwork and cooperation, employers can create a more collaborative and productive work environment, leading to improved performance and increased employee satisfaction. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
Which of the following is a similarity between group bonuses and team awards?
A. They both provide incentives to members based on terms of physical output.
B. They are both more likely to use a broad range of performance measures.
C. They encourage members to cooperate so that they can achieve their goals.
D. They both require heavy investment from the employer’s side.
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as illustrated by the deepwater horizon explosion, human error and bad judgment can lead to workplace accidents. this reality may be seen as justification for: a.employee monitoring. b.background checks. c.drug testing. d.all of these question content areaexxon mobil ceo rex tillerson explained that the deepwater horizon oil rig explosion was caused by a series of bad technical judgments by employees. this specific problem might have been prevented through the use of: a.drug testing.
Answers
In the case of the deepwater horizon explosion, drug testing may not have been the most effective solution. Rather, the problem might have been prevented through better training, improved safety protocols, and stronger oversight. However, the tragedy serves as a stark reminder that workplace safety should always be a top priority and that employers should take all possible measures to prevent accidents and protect their employees.
The deepwater horizon explosion serves as a tragic reminder that human error and bad judgment can lead to devastating workplace accidents. This reality highlights the need for increased safety measures in the workplace, which can include employee monitoring, background checks, and drug testing.
Employee monitoring can help identify and correct unsafe behavior before it leads to an accident. This can involve tracking employee activity and behavior through the use of technology such as cameras or sensors. Background checks can also be an effective way to identify potential safety risks. By verifying an applicant's education, work history, and criminal record, employers can better assess their suitability for a particular role.
Drug testing can also play a crucial role in preventing workplace accidents. This is because drug use can impair an employee's judgment, reflexes, and coordination, increasing the likelihood of accidents. By implementing drug testing policies, employers can create a safer workplace and protect both employees and the public from harm.
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3
Select the correct answer.
Which is true when you rent?
O A.
B.
C.
You build equity in your house.
You are responsible for any repairs.
You pay fewer up-front costs.
Answers
Answer:
A
Explanation: A because when you do repairs you give the goverment money
Candle Shop, Inc. Has net sales on account of $1,700,000. The average net accounts receivable are $630,000. Calculate the days' sales in receivables. (Use 365 days for any calculations. Round any intermediate calculations and your final answer to two decimal places. ) 328. 50 days 365. 00 days 135. 19 days 2. 70 days
Answers
The correct option is C. The 135.19 days of sales in receivables.
Accounts Receivables = $630,000
Net Credit Sales = $1,700,000
The computation of days' sales in receivables is shown below:-
= (Accounts Receivables ÷ Net Credit Sales) × 365
= ($630,000 ÷ $1,700,000) × 365
= 135.19 days
Accounting is the method of recording financial transactions relating to a business. The accounting manner includes summarizing, studying, and reporting those transactions to oversight corporations, regulators, and tax series entities. The chart of accounts organizes your budget into 5 predominant account types, called bills: belongings, liabilities, fairness, revenue, and costs.
The monetary statements used in accounting are a concise summary of financial transactions over an accounting length, summarizing a business enterprise's operations, economic role, and cash flows. two vital sorts of accounting for companies are managerial accounting and value accounting. Managerial accounting facilitates management teams to make enterprise selections, while fee accounting allows commercial enterprise owners to determine how an awful lot a product ought to price.
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Specific factors of a venture being offered for sale that should be examined include a. the industry growth rate. b. strength of competitive forces. c. weaknesses, opportunities, and threats. d. all of the above.
Answers
Specific factors of a venture being offered for sale that should be examined include d. all of the above.
What is venture ?venture can be regarded as a business enterprise which involves making a risk as as to the make profit.
Therefore, when making a venture , weaknesses, opportunities, and threats should be take into consideration.
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what is battery positioning statement
Answers
A battery positioning statement is a concise statement that defines the target market, product or brand, and the key benefits it provides to the consumer. It is used to communicate the unique value proposition of a product or brand to the target market in a clear and concise way.
The positioning statement is used to guide marketing and advertising efforts to ensure that the messaging is consistent and aligned with the brand's goals and values.
An example of a battery positioning statement could be: "Our batteries are designed for busy professionals who need reliable, long-lasting power to keep their devices running all day. With our advanced technology and high-quality materials, our batteries provide superior performance and durability, so you can focus on what matters most."
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The demand curve faced by a monopolistically competitive firm is.
Answers
Answer: highly but not perfectly elastic.
Explanation: It is elastic because the monopolistically Competitive seller has many competitors producing closely substitutable goods, the latter being a determinant of the elasticity of demand.
You bought materials for cash $2,000. Is this...
a.) Assets
b.) Liability
c.) Owner's Equity
d.) Revenue
e.) Expense
Answers
what is 1635436743 times 76354
Answers
Answer:
1.2487214e+14
Explanation:
why did the industrial revolution lead to a growth in marketing research?
Answers
The Industrial Revolution led to the growth of marketing research due to several reasons. One of the reasons is the need for increased production, which required companies to find new ways to sell their products.
Additionally, the rise of mass production made it possible for companies to produce goods on a large scale, which meant that they needed to find ways to market their products to a wider audience.
Marketing research became crucial during the Industrial Revolution because it helped companies identify the needs and preferences of their customers. By conducting surveys, companies were able to find out what their customers wanted and needed, which enabled them to tailor their products and marketing campaigns to meet those needs. This helped companies increase their sales and profits, which, in turn, fueled further growth in the industry.
Moreover, the rise of transportation and communication technologies also contributed to the growth of marketing research. Improved transportation made it easier for companies to distribute their products across the country, while the telegraph and telephone made it possible for companies to communicate with customers and suppliers over long distances.
This enabled companies to conduct surveys and gather data from a wider audience, which helped them stay ahead of their competitors.
In conclusion, the Industrial Revolution led to the growth of marketing research due to the need for increased production, the rise of mass production, the need to identify the needs and preferences of customers, and the improvement in transportation and communication technologies.
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What are the costs and benefits to employers of being responsive to the applicant's perspective throughout the selection process?
Answers
Answer:
Selection Process is the process of finding the best fit applicant for any position in an organization.
The benefits to employees for being responsive to the applicant's perspective throughout the selection process are:
a. It helps employers to understand the mindset of the applicant. Knowing the pulse(thinking process) of an applicant is very important.
b. It helps employers to select the right applicant.
c. It keeps them in good terms with the applicants. Even if an applicant does not get selected, he will not file a suit on the employer.
The cost to employees for being responsive to the applicant's perspective throughout the selection process are:
a. Being responsive to applicant will increases the chances of applicant misusing it. Which could be costly to employer.
b. Taking care of needs of the applicant's who come for interview is a cost to the company.
c. It takes lot of time and resources for the selection process per applicant which is a cost to the company.
you have a $47,000 portfolio consisting of intel, ge, and con edison. you put $20,400 in intel, $10,800 in ge, and the rest in con edison. intel, ge, and con edison have betas of 1.3, 1, and 0.8, respectively. what is your portfolio beta?
Answers
Portfolio Beta is 1.06 which can be calculated as,
By dividing the percentage of each stock in your portfolio by its beta and combining the result, you can calculate the beta of your entire portfolio.
Portfolio beta = (20400/47000)1.3 + (10800/47000)1 + (15800/47000)0.8
Portfolio beta = 0.56 + 0.23 + 0.27
Portfolio beta = 1.06
Beta (), which is mostly employed in the capital asset pricing model (CAPM), is a measurement of a security or portfolio's volatility—or systematic risk—in comparison to the market as a whole.
The amount of risk that a stock will add to a (supposedly) diversified portfolio can only be roughly predicted using beta data about a specific stock. The stock must be tied to the benchmark used in the calculation for the beta to have any significance
The beta for the S&P 500 is one.
The S&P 500 tends to move with greater momentum than equities with betas above 1, while companies with betas below 1 tend to move with less momentum.
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Which of the following refers to the balance an account is always supposed to have?
Normal balance
Debits
Credits
Double-entry system
Answers
Answer:
Normal balance
Explanation:
Accounts are expected to have either debit or credit balance, depending on their classification. The accounting equation of Assets is equal to equity plus liabilities is the basis for account classification. Assets accounts are on one side, while accounts relating to equity and liabilities are on the other.
Accounts have normal balances if the balances at the end of a period are as expected. Assets accounts are expected to have debit balances, while equity and liabilities accounts should have credit balances.
Prepare journal entries to record the following transactions entered into by the Valente Company: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. ) 2020 June 1 Received a $10,000, 12%, 1-year note from Andrea Foley as full payment on her account. Nov. 1 Sold merchandise on account to Patton, Inc. For $12,000, terms 2/10, n/30. Nov. 5 Patton, Inc. Returned merchandise worth $500. Nov. 9 Received payment in full from Patton, Inc. Dec. 31 Accrued interest on Foley's note. 2021 June 1 Andrea Foley honored her promissory note by sending the face amount plus interest. No interest has been accrued in 2021
Answers
The Journal entries are prepared for Valente Company.
1. Date Accounts and Explanation Debit Credit
2020 June 1 Notes Receivable $10,000
To Andrea Foley $10,000
(Being notes receivable is recorded)
2. Date Accounts and Explanation Debit Credit
Nov. 1 Patton, Inc. $14,000
To Inventories $14,000
(Being inventory is recorded)
3.Date Accounts and Explanation Debit Credit
Inventories $500
Patton, Inc $500
(Being inventory is recorded)
4..Date Accounts and Explanation Debit Credit
Cash $11,270
Discount $ 230
To Barlow $11,500
(Being cash received is recorded)
Patton, Inc invoice transactions:
12,000 invoice nominal
- $500 returned goods
$11,500. amount subject to discount of 2%
- 230 discount as collected within first ten days
11,270cash proceeds
6.Date Accounts and Explanation Debit Credit
Cash $12,600
To Interest revenue $600
($12,000 × 12% × 5 ÷ 12)
To Notes receivable $12,000
(Being cash received is recorded)
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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In alphabetical filing, which name would appear first?
a. pipeline coastal group
b. pip pipes and plumbing services
c. pipe and drains co.
d. pipe fitters & plumbers services
Answers
In alphabetical filing, b. pip pipes and plumbing services
A service is an " act or use for which a patron, company, or government is inclined to pay." Examples consist of work carried out by barbers, medical doctors, lawyers, mechanics, banks, insurance groups, and so on. Public services are those that society as a whole can pay for.
Offerings are intangible monetary sports that require private interaction between the patron and the provider provider on the time of transport of the offerings. services need not contain any form of production or sale of products and are in particular supplied so one can satisfy individuals' wishes.
Services are varied in 3 agencies; business offerings, social services and personal services.
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heineken starts with barley. what is the process of preparing the barley called?
Answers
growing the characteristic balanced Heineken taste. Our A-Yeast is happiest with a large surface vicinity which is possible in our horizontal fermentation tanks.
Image result for Heineken starts offevolved with barley. what is the system of getting ready the barley called?
Brewing
Brewing is the manufacturing of beer by using steeping a starch supply (commonly cereal grains, the most popular of which is barley) in water and fermenting the ensuing candy liquid with yeast.
It may additionally be finished in a brewery with the aid of a business brewer, at home by means of a homebrewer, or communally.
Where does Heineken get their barley?The relevant crop in every united states relies upon on the local conditions and the CREATE task focuses on malt barley in Ethiopia, maize in Rwanda and sorghum in Sierra Leone. Supplying higher-yielding barley seeds and training are key elements of the CREATE project in Ethiopia.
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find the area of the squarewhose perimeter is 224cm
Answers
Answer:
3,136
Explanation:
area=3,136 hope that this helps you .I think that's the answer
Give an example of a time where you used Physical Capital to make or create something.
Answers
Answer:
cash is one example of a physical capital
Who most likely actually pays the tax on rental property?
Answers
landlord jk
Explanation:
What type of mortgage loan is likely to be tied to a publicly available index that is mutually acceptable to the lender and the borrower?
Renegotiable rate mortgage
Graduated payment mortgage
Adjustable rate mortgage
Freddie mac
Answers
The type of mortgage loan that is likely to be tied to a publicly available index that is mutually acceptable to the lender and the borrower is an Adjustable rate mortgage.
An adjustable rate mortgage, or ARM, is a type of mortgage loan that has an interest rate that can change periodically during the life of the loan. The interest rate on an ARM is typically tied to a publicly available index, such as the prime rate or the London Interbank Offered Rate (LIBOR). The lender and the borrower agree on the index to use and the margin that will be added to the index to determine the interest rate.
This allows for the interest rate to be mutually acceptable to both parties and helps ensure that the loan is affordable for the borrower. It is likely to be tied to a publicly available index that is mutually acceptable to the lender and the borrower. This type of mortgage loan allows for the interest rate to adjust periodically according to the market conditions.
An ARM also offers a lower initial interest rate than a fixed rate mortgage. The most common publicly available index used for ARMs is the Freddie Mac Prime Rate. This rate is the benchmark for many adjustable rate mortgages. It is calculated using data from multiple sources and is updated weekly.
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your client has made all of the following transfers. which of these transfers will be excluded from the client's total gifts in the year made? paid a hospital $11,000 for medical services rendered to a friend paid a family member $15,000 so she could go to school made a donation to the democratic party made a contribution to the shriner's hospital, which provides free medical care to children a) ii and iv b) i and iii c) i and ii d) iii and iv
Answers
Donations and contributions made for charity is not included as gifts. Therefore they will be exempted from gifts made during the year
Option D( III and IV) are correct.
What does the term "charitable contribution" mean?Donations to non-profit organizations are referred to as charitable contributions. Donations can be in the form of cash, non-cash goods, services, or volunteer time. According to IRS regulations, the contribution may be tax deductible.
What are examples of charity?Because it warms someone's heart, giving unwanted toys to the less fortunate, smiling at someone on the street, opening doors for others, or visiting a sick relative are all forms of charity.
Which three kinds of charities are there?Qualified charities fall into three categories: private operating foundations, private foundations, and public charities
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Why would it be better to be in a partnership?
Answers
Answer:
Partnerships increase your lease of knowledge, expertise, and resources available to make better products and reach a greater audience. All of these put together along with 360-degree feedback can skyrocket your business to great heights. The right business partnership will enhance the ethos of your firm.
Explanation:
Hope it helps..
education opens the door to employment.
Answers
Answer:
yes education opens the door to employment as Education give us a new identity and talent which people are looking for the employment. Education can lead to success and employement.
To maintain effective levels of competition in as many markets as possible, the government enforces ______.
antitrust laws
monopolies
mergers
Answers
How to treat someone very mean on their special day??
When I mean special day I mean
Mothers day
Birthday
Meeting
whoever answers the questions correctly and best I will mark them Brainly and will give them more points
Answers
Answer:
birthday
Explanation:
- give them a happy birthday card but glue the card shut
- give them a wrapped present but inside the box put nothing but glitter in it
An asset that costs $38,000 and has accumulated depreciation of $12,600 is sold for $20,700. What amount of gain or loss will be recognized when the asset is sold? Multiple Choice
a. A gain of $4,700.
b. A loss of $4,700.
c. A loss of $17,300.
d. A gain of $17,300.
Answers
The amount of loss that will be recognized when the asset is sold is $4,700 (i.e., $25,400 - $20,700 = $4,700). Therefore, the correct answer is option b, "A loss of $4,700."
When an asset is sold, the gain or loss is computed by comparing the selling price to the book value of the asset. The book value is the cost of the asset less the accumulated depreciation.
The accumulated depreciation is the total depreciation that has been recorded for the asset since it was acquired. When an asset is sold for an amount that is less than its book value, a loss is recognized. Conversely, when an asset is sold for an amount that is more than its book value, a gain is recognized.
An asset that costs $38,000 and has accumulated depreciation of $12,600 has a book value of $25,400
(i.e., $38,000 - $12,600 = $25,400).
The asset is sold for $20,700.
The amount of loss that will be recognized when the asset is sold is $4,700 (i.e., $25,400 - $20,700 = $4,700). Therefore, the correct answer is option b, "A loss of $4,700."
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he loves me, he gives me all his money, that gucci prada comfy, my suger daddy:)
Answers
Answer:
what did he sayyyyyyyyyy
dunn dunn dun dunn dun
The idea that the U.S. economy uses the market mechanism to distribute most goods and services and those who receive the most income get the most goods is best represented by the question:
Answers
There are different kinds of ideas. The idea that the U.S. economy for who receive the most income get the most goods is best represented by the question called "For whom output is produced".
What kind of system is the United States economy based on?The U.S. is one that has a mixed economy and also show the attributes of f both capitalism and socialism.
In a mixed economy as the above, they often embraces economic freedom regarding capital use and they also allows the government to intervene for public good.
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