alphabet company, which uses the periodic inventory method, purchases different letters for resale. alphabet had no beginning inventory. it purchased a thru g in january at $9.00 per letter. in february, it purchased h thru l at $11.00 per letter. it purchased m thru r in march at $12.00 per letter. it sold a, d, e, h, j and n in october. there were no additional purchases or sales during the remainder of the year. if alphabet company uses the weighted average method, what is the cost of its ending inventory? (round the per unit cost to two decimal places and then round your answer to the nearest whole dollar.)
Answers
Using weighted average method, the cost of its ending inventory is $67.
Ending inventory = 5.56* 12 = 67
Weighted average method:
The weighted average considers the relative frequency or relevance of particular variables in a data set.
Sometimes a weighted average is more precise than a basic average.
In a weighted average, the allocated weight is multiplied by each data point value, which is then added together and divided by the total number of data points.
Because of this, a weighted average can increase the accuracy of the data.
Investors in stocks use a weighted average to keep track of the cost basis of the shares they have acquired over time.
A weighted average, as opposed to a basic average, takes into account the relative weight or contribution of the items being averaged. As a result, it assigns more weight to the average items that happen relatively more frequently.
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Related Questions
Under what type of marketing situation does kliptech operate?
Answers
A natural monopoly is a monopoly in an industry in which high infrastructural costs and other barriers to entry relative to the size of the market give the largest supplier in an industry, often the first supplier in a market, an overwhelming advantage over potential competitors.
hope it helps!
if not, sorry...
what did not contribute to the collapse of the stock market in 1929?
Answers
Answer: stock prices reflected the real value of companies
Explanation:
Which of the following commodities is China not the top producer? wheat tea maize rice potatoes
Answers
The commodity for which China is not the top producer is potatoes.
China is the world's largest producer of wheat, tea, maize (corn), and rice. However, when it comes to potatoes, China is not the leading producer. While China does have a significant potato production, countries like India and Russia surpass China in terms of potato output. India is the largest producer of potatoes globally, followed by Russia.
China's agricultural sector is vast and diverse, enabling it to be a top producer of many essential commodities. Its large population and extensive agricultural land contribute to its significant production levels. However, for potatoes specifically, other countries have surpassed China due to factors such as regional climate suitability, cultivation practices, and historical agricultural traditions.
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Complete question:
Which of the following commodities is China not the top producer?
wheat
tea
maize
rice
potatoes
Brothers Tim and Jim Shanton have asked you, their financial advisor, to settle a friendly quarrel between them. Tim argues that a Roth IRA and a traditional IRA are actuarially equivalent if $4,000 is available for investing on a before-tax basis, contributions to the traditional IRA are deductible, tax rates are expected to stay the same, and both have the same interest rates. So, it makes no difference which vehicle one uses to save for retirement. Jim insists that a Roth IRA is the better investment. You tell them
a. Tim is wrong; the tax deduction available for a traditional IRA allows more money to work for the contributor
b. Jim is wrong; at least for some low income individuals, the traditional IRA is a better investment because of their relatively lower tax rates
c. Tim is right; the two investments are equivalent in every respect when considered at the end of an investment horizon at least 10 years long
d. Jim is right; the ability to make tax-free withdrawals from Roth IRA gives a greater return even when contributions and interest rates are equivalent over time
e. both are right; the two investments are actuarially equivalent, but absence of a minimum distribution date and more liberal penalty-free withdrawal options may make the Roth IRA more attractive
Answers
Answer: E. both are right; the two investments are actuarially equivalent, but absence of a minimum distribution date and more liberal penalty-free withdrawal options may make the Roth IRA more attractive.
Explanation:
First and foremost, actuarially equivalent simply means a benefit that is of equivalent value, but which has a different payment form to a specified benefit.
From the information that's given in the question, we can deduce that both of them are right as the two investments are actuarially equivalent, but there's an absence of a minimum distribution date and more liberal penalty-free withdrawal options may make the Roth IRA more attractive.
Therefore, the correct option is E.
If skilled labor costs three times as much as unskilled labor, a profit-maximizing firm will vary the quantity of each type of labor used until the Group of answer choices amount of unskilled labor used is three times the quantity of skilled labor used. amount of unskilled labor used is one-third the quantity of skilled labor used. marginal product of skilled labor is one-third that of unskilled labor. marginal product of skilled labor is three times as great as that of unskilled labor.
Answers
Answer:
marginal product of skilled labor is three times as great as that of unskilled labor.
Explanation:
Labor refers to the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.
Generally, the level of productivity of a business firm or an organization would increase when the inputs such as capital, raw materials, labour, etc., decreases while output such as finished products remain the same.
Furthermore, if skilled labor such as carpenter, bricklayer, blacksmith, electrician, etc., costs three times as much as unskilled labor such as information technologist, engineering, medical doctor, etc., a profit-maximizing firm will vary the quantity of each type of labor used until the marginal product of skilled labor is three times as great as that of unskilled labor in order for it to make profits and proper use of the factors of production.
You deposit $1,500 in a bank where you have a savings account. The bank
pays you an interest of 5% per month. But later, the bank reduces the
interest rate from 5% to 3%, and that reduces your interest earnings from
$75 to $45.
What kind of risk explains the given situation?
Answers
Interest rate risk is the risk that arises for fixed-rate investments from fluctuating interest rates. How much interest rate risk a fixed-rate investment has depends on how sensitive its price is to interest rate changes in the market.
A prepayment may be recorded in prepaid rent, a balance sheet account. The alternative method to record the prepayment is to debit the ____________ of ____________ account.
Answers
Answer:
Rent, expenses
Explanation:
A prepayment may be recorded in prepaid rent, a balance sheet account. The alternative method to record the prepayment is to debit the rent of expense account.
which microbes is used to extract ethanol from fruit juice and sugar molasses ·
Answers
Answer:
Yeast
Explanation:
A microbe (microorganism) is a microscopic organism which either exist in its single-celled form or as colony of cells. Example of microbes are bacteria, archaea, algae, protozoa.
Yeast is a microbe used in the extraction of ethanol from fruit juices and sugar molasses. Saccharomyces cerevisiae is a specie of yeast which reacts with fruit juices and sugar molasses in the absence of Oxygen to produce ethanol and carbon dioxide.
According to one of the ten principles of economics that we discussed, the standard of living in a country is most closely tied to its?
Answers
Principle 10: Society is facing a short-run crisis. Inflation-unemployment trade-off[modifier | modifier le wikicode] Inflation occurs when the government increases the amount of money in the economy.
Another effect, at least in the near run, is lower unemployment. Income, employment prospects, the cost of products and services, and poverty are all easily quantifiable indicators of one's standard of living. Life expectancy, inflation, and the number of paid vacation days people receive each year are also considered. At its most fundamental, economics tries to explain how and why we make the purchases we do. Scarcity, supply and demand, costs and benefits, and incentives are four essential economic ideas that can help explain many human actions.
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Berthold's Sporting Goods just purchased $375 worth of tennis gear from one
of its vendors to restock its inventory. What accounts would be debited and
credited in this transaction?
A. Both Inventory and Accounts Payable would be credited $375.
B. Inventory would be debited $375. Accounts Payable would be
credited $375.
C. Both Inventory and Accounts Payable would be debited $375.
D. Inventory would be credited $375. Accounts Payable would be
debited $375.
Answers
The amount of $375 would be deducted from inventory. The transaction would credit Accounts Payable $375.
What is Accounts Payable?Accounts payable are amounts owed by a company to its suppliers that are shown as a liability on the balance sheet. It differs from notes payable liabilities, which are debts incurred as a result of formal legal instrument documents.Accounts Payable refers to when a company purchases goods on credit that must be paid back in a short period of time. It is classified as a liability and falls under the category of 'current liabilities'. Accounts Payable is a short-term debt payment that must be made in order to avoid default.Accounts payable is a liability because it is money owed to creditors and is listed on the balance sheet under current liabilities.To learn more about Accounts Payable refer to :
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HELPPPP!!!! WILLL GIVE BRAINLEST!!!
It allows you to rent a car while yours is being repaired. a. auto replacement c. personal damage liability b. comprehensive physical damage d. rental reimbursement
Answers
Answer:
I'm pretty sure the answer is d
Explanation:
Alternatively, you may pay out-of-pocket for your rental then seek reimbursement from the other insurance company once it completes its investigation.
Answer:
D
Explanation:
If you owe $2000 on a credit card, at an 18.4% interest rate and you make $50
monthly payments, how long will it take you to pay this card off?
Answers
Answer: A
Explanation:
It will take 7.5 years
what are top three businesses with the most franchises in the world?
Answers
The top three businesses with the most franchises in the world are McDonald's, 7-Eleven, and KFC.
A business is an organization engaged in commercial, industrial, or professional activities that typically involve the exchange of goods or services for money. Businesses come in various forms, including sole proprietorships, partnerships, corporations, and cooperatives.
Businesses play a crucial role in the economy by creating jobs, generating wealth, and driving innovation. They contribute to the overall growth and development of a country by increasing productivity, fostering competition, and stimulating economic activity. Successful businesses must be able to adapt to changing market conditions, meet customer demands, and stay ahead of competitors. This requires strategic planning, effective management, and continuous innovation.
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Firms with safe and risky projects exist in equal numbers. A safe investment of $100 turns into $110 with certainty. A risky investment is equally likely to turn $100 into $216 or $0. Everyone is risk-neutral and the risk-free rate is 7 percent. Start by assuming symmetric information.
A.) Is the safe project efficient? Is the risky project efficient?
B.) Does the market for safe bonds exist? Does the market for risky bonds exist?
C.) In equilibrium, putting $100 into safe bonds buys how much face value? How about risky bonds?
D.) How much expected profit do firms earn in equilibrium?
E.) Is the equilibrium efficient? Explain.
Now assume asymmetric information.
F.) How much face value do bonds have to offer in order to sell $100 worth of bonds from a pool of safe and risky bonds?
G.) In the equilibrium with asymmetric information, do safe projects receive funding? How about risky projects? Explain.
H.) There are 60 safe and 60 risky projects, and each project costs $800,000. Compute the deadweight loss.
Answers
A.) In an efficient allocation of resources, the safe project is considered efficient because it yields a positive return of $10 ($110 - $100).
The risky project is not considered efficient because it has an equal probability of yielding either a return of $116 ($216 - $100) or a return of -$100 ($0 - $100), resulting in an expected return of zero.
B.) The market for safe bonds exists because the safe project guarantees a return of $110, which is risk-free and therefore can be considered a safe bond. However, the market for risky bonds does not exist because the risky project has an uncertain return, making it undesirable to investors.
C.) In equilibrium, putting $100 into safe bonds would buy $100 face value since the return is certain and there is no risk involved. As for risky bonds, no one would be willing to purchase them given the uncertain returns, so the face value of risky bonds would be zero.
D.) In equilibrium, firms do not earn any expected profit because the risk-free rate is 7 percent and the expected return on the risky project is also 7 percent. The expected return on both projects matches the risk-free rate, eliminating any potential profit.
E.) The equilibrium is not efficient because the risky project, despite having a higher potential return, does not receive any funding. This leads to a suboptimal allocation of resources, as the risky project could potentially yield a higher return than the risk-free project.
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What is the oldest of the political-economic systems, and what system first rose to challenge it?
a. liberalism, first challenged by communism
b. mercantilism, first challenged by liberalism
c. liberalism, first challenged by social democracy
d. liberalism, first challenged by mercantilism
e. social democracy, first challenged by liberalism
Answers
The oldest of the political-economic systems is mercantilism, which was first challenged by liberalism.
Mercantilism is an economic system where nations seek to accumulate wealth and power through trade, often imposing tariffs and maintaining a positive balance of trade.
Liberalism, on the other hand, advocates for free markets, individual rights, and limited government intervention.
This challenge to mercantilism arose in the late 18th and early 19th centuries as philosophers and economists began promoting free trade and the benefits of competition.
Therefore, the correct answer is option (b) mercantilism, first challenged by liberalism.
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When a hotel does not fill a room and therefore the sale of that room on that day is lost forever, that refers to...
a.) product services-mix length
b.) seasonability
c.) perishability
d.) productservices-mix width
e.) tangible
Answers
Answer:
c.) perishability
Explanation:
The term perishability is used in marketing to describe the inability to keep or store services for sale in the future. Services are intangible and by nature. Once a service has been performed, it is deemed to have been consumed and cannot be returned or resold.
Once a service is offered, and the customer does take up the offer, it cannot be stored or kept for sale at a later date. If a hotel room is not booked for a particular night, the room does not generate any revenues for that night. The hotel cannot store the room services for that night and offer them to customers any other time. The inability to preserve a service for sale at a later date is what marketers refer to as perishability.
Which qualifications are most helpful for Early Childhood Development and Services Careers? Check all that apply
independence
computer skills
physical strength
financial skills
adaptability
teaching skills
Answer: physical strength, adaptability, and teaching skills
Answers
Answer:
C, E, F
Explanation:
got it right
Answer:
C,E,F
Explanation:
The other guy was right so I had to assure you it was right
Utility is an important aspect of market research because it can save a company lots of time and money.
true or false
Answers
The given statement that Utility is an important aspect of market research because it can save a company lots of time and money is false.
What is market research?Market research is defined as the process of actively questioning latent customers to find out the viability of a brand-new service or product.
Market research modifies a business to determine its target market and find comments and another input from customers about their involvement in a product or service.
Utility is critical to the market, but it does not support to save money because it is similar to bills.
Therefore, the given statement is false.
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Which is an example of an accounting related career? A. entrepreneur C. stock broker B. lawyer D. statistician
Answers
they collect and analyze a company’s data, and accounting is all about data!
Explain why the primary sector in particularly needs to use resources sustainably
Answers
The primary sector, in particular, needs to use resources sustainably due to its direct reliance on natural resources and the potential for negative environmental if resources are depleted or mismanaged.
The primary sector, which includes activities like agriculture, mining, forestry, and fishing, is directly dependent on natural resources for its operations.
It relies on land, water, minerals, and other raw materials to produce goods and provide essential services. Using resources sustainably is crucial because the primary sector has the potential to significantly impact the environment and local communities.
If resources are overexploited or mismanaged, it can lead to habitat destruction, soil erosion, water pollution, and biodiversity loss. Unsustainable practices can also deplete resources, causing long-term economic harm and jeopardizing the sector's future viability.
By adopting sustainable practices such as responsible harvesting, efficient resource utilization, and conservation efforts, the primary sector can ensure the long-term availability of resources, minimize environmental damage, and contribute to the overall sustainability of the economy and society.
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Help answer these two questions pleaseee
1. Across the course, you've learned about many other desktop publishing software programs besides PowerPoint. Identify at least two other technologies available for desktop publishing (the software can be presentation-based, word processing, spreadsheet software.etc.). What are some common features across PowerPoint and these other programs?
2. What are 2 differences that could be expected in how an employee would speak to other staff members in a truly flat organizational structure compared to a hierarchical structure?
Answers
Answer:
1.
At least two other technologies available for desktop publishing:
Microsoft WordMicrosoft ExcelMicrosoft PublisherCommon features across PowerPoint and the above programs:
These programs are all part of the Microsoft 365 (formerly Microsoft Office) suite of software tools. They are available for both personal and professional use. All programs use a subscription model. They are designed to be compatible across Microsoft's entire product line and allow for instant collaboration among multiple registered users.
2.
Two differences in how an employee might speak to other staff members in a flat organizational structure versus a hierarchical structure:
Less expectation of formality: speech would likely be delivered in a more casual manner and tone among many staff membersAn increase in dialogue: a reduction or elimination of middle management necessitates increased collaboration among staffWhich of the following would probably not be found in the accounting system of a service provider?
A) Cost ledger
B) Finished jobs ledger
C) Deferred revenue account
D) Job cost sheets
Answers
The correct answer to the given question about not be found in the accounting system of a service provider is option B) Finished jobs ledger.
The Job Ledger report includes subtotals by phase and job along with a list of all transactions that have been linked to a job. If desired, you can additionally include the time allotted to jobs in payroll. Ledger General The two categories of General Ledger are Nominal Ledger and Private Ledger. The nominal ledger contains data on costs, earnings, depreciation, insurance, etc. Additionally, Private Ledger provides private information such as capitals, wages, and salaries. You maintain the records for your company using an accounting system. You would enter transactions such as invoices, money spent from the company's bank account, supplier bills, and money you personally spent on business expenses into your accounting system.
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A&B Storage, Inc., signs a six-month lease to occupy a warehouse. This is:
a tenancy at sufferance.
a tenancy at will.
a periodic tenancy.
a tenancy for years.
Answers
A&B Storage, Inc., signs a six-month lease of 'a tenancy for years'.
What do you mean by Tenancy?
Tenancy is a legal concept used in real estate law to describe the various types of agreements that allow a person or organization to own or occupy a particular property. It is a form of property ownership, either shared or exclusive, between a landlord and tenant or between a tenant and a subtenant.
A tenancy for years is a type of leasehold estate in which a tenant holds a property for a predetermined period of time, usually for a number of years. The tenant is entitled to exclusive possession of the property for the duration of the lease. The tenancy for years is the most common form of leasehold estate, and it can be a good way to secure a long-term rental agreement.
What is a Lease?
A lease is a contract between a landlord (the lessor) and a tenant (the lessee) in which the tenant is given the right to use the landlord's property for a specified amount of time in exchange for a fee. The lease includes the terms and conditions of the agreement, such as the length of the lease, the amount of rent, and the rights and responsibilities of both parties.
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Which type of borrowing option would most likely result in the borrower
paying the highest amount of interest?
A. A card with a high compound interest rate
OB. A card with a low simple interest rate
ООО O
C. A card with a low compound interest rate
D. A card with a high simple interest rate
Answers
Answer:
A. A card with a high compound interest rate
Explanation:
it is most likely to result in the borrower
According to the video, what are some things Manufacturing workers can do to move up to supervisory and management positions? Check all that apply.
operating machinery
avoiding repetitive work
demonstrating knowledge
coming up with a better way to mass-produce a product
going to college
keeping machinery clean
Answers
Answer:
demonstrating knowledge
coming up with a better way to mass-produce a product
going to college
Explanation:
I got it wrong these are correct:(
The answers are /C, D, E/
/3, 4, 5/
"demonstrating knowledge",
"coming up with a better way to mass-produce a
product",
"going to college"
I want to give more credit to the other person for answering first, though
You're Welcome.
Demarco and Tanya have received information about three separate mortgage offers. In two or three paragraphs, describe your recommendation for the best financial choice in their situation.
Answers
Answer: first one
As for Mortgage Option 3, not only is the interest rate higher (4.0%), but the remaining balance that is not paid has to be paid off completely in 8 years. After the down payment, they would have a $1,605 monthly payment which includes the fixed interest rate of 4.25% as well. Due to the short payment time, a borrower has a risk of loosing their home and equity if the final payment is not able to be made. Mortgage Option 2 has the lowest interest rate (3.5%) but these rates could be adjusted annually. Even though the interest rate is the highest, they would be able to afford it. Not only are they able to make these payments, Tanya and Demarco would also have. approximately $3,395 left to spend from their monthly earnings too.
Explanation:
credit to mohammedalm2
A government adopts a more progressive rate on income taxes. According to
the table, which citizen is more likely to have higher taxes as a result of this
fiscal policy?
Citizens
Citizen A: A wealthy business owner
Citizen B: A poor farmer
A. Both citizens
B. Citizen B
C. Citizen A
D. Neither citizen
Answers
Answer:
C. Citizen A
Explanation:
Answer: option C.
Explanation:
citizen A
explain why it is not necessary to purchase product replacement warranties.
Answers
It is not always necessary to purchase product replacement warranties because there are low chance that item will be damaged and the cost are always expensive as well.
Product replacement warranties does guarantees to repair or replace a faulty product during the warranty period.
That is, when the product is damaged, the firm who offers the Product replacement warranties must replace the product.However, it is not always necessary to purchase product replacement warranties because there are low chance that item will be damaged and the cost are always expensive as well.
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.A ______ draft is paid on demand; whereas a bank would pay a _____ draft at maturity as stated in the ____A.time; sight; letter of creditB.sight; time; bill of ladingC.time; sight; bill of ladingD.sight; time; letter of credit
Answers
The correct answer is D. A sight draft is paid on demand; whereas a bank would pay a time draft at maturity as stated in the letter of credit.
A sight draft is paid on demand; whereas a bank would pay a time draft at maturity as stated in the letter of credit. A sight draft requires immediate payment upon presentation, while a time draft has a specific date for payment, allowing the buyer more time to gather funds.
The letter of credit serves as a guarantee for the seller that the bank will make the payment once the conditions outlined in the letter of credit are met. So answer is D.
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What. Can a cover letter explain that a resume cannot
Answers
Cover letters can also grant perception and clarification into touchy records that your resume cannot, such as lapses in employment, career changes and layoffs. Just hold an upbeat tone and stay fine in your explanation.
How does a cover letter range from a resume?Resumes are like a formal record that summarizes your skills, work trip and qualifications in sections. Cover letters are a documented letter structured in paragraphs which explains in detail why you're the high-quality healthy for the job and company.
You have to always opt for sending a cover letter and resume as separate documents; however, be flexible enough to do something the situation requires. Check the employer's directions and attempt to follow them to the letter.
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