bargain buys, a regional discount retailer, carefully watches and compares its operations with the operations of its closest rivals. this is an example of
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Bull's-eye, a regional discount retailer, carefully watches the operation.
What is retailer?Retail, by definition, is the sale of goods or service from a business to a consumer for their own use. A retail transaction handles small quantities of goods whereas wholesale deals with the purchasing of goods on a large scale. Retail transactions are not to be confused with online transactions; goods must be sold from a single point directly to a consumer for their end users.A retailer is a person or business that you purchase goods from. Retailers typically don’t manufacture their own items. They purchase goods from a manufacturer or a wholesaler and sell these goods to consumers in small quantities.Retailing is the distribution process of a retailer obtaining goods or services and selling them to customers for use. This process is explained through the supply chain.To learn more about distribution process refer to:
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canict be deterinind without knowing all the x and y sceres 3. A sady was made by a retail merchant to deterenine the relation between meeky advertising expenditures and sales, the coerelation is a.635 (erier your? (o)fe predict the weebly sales from adverting coste, whit is the siope of (Cmer your answers in three decins phaces) (b) To predict the meekiy saies from advertising cests, what is the y-intercopt a? (Enter your ahwers in two decimai paices) (34) 7 (c) Estimate ite weekly sales when advertising costs are $357 (Eneer your answers in twa decimai paaces)
Answers
The given correlation coefficient is 0.635. Now, we can determine the relation between meekly advertising expenditures and sales. To predict the weekly sales from advertising costs, what is the slope of the line?The formula of the line is given by:y = mx + bWhere,x is the advertising costy is the weekly sales.
Using the formula of the correlation coefficient, we can find the slope as:ρ = cov(x,y)/ σxσyWhere,cov(x,y) is the covariance between x and y.σx and σy are the standard deviation of x and y respectively.Substituting the values, we get,0.635 = cov(x,y)/ σxσyWe are not given σx and σy so, the slope cannot be determined without knowing all the x and y scores. Hence, option A is correct.
To predict the weekly sales from advertising costs, what is the y-intercept a? b.To calculate the y-intercept, substitute the given values in the formula of the line:y = mx + by = 0.635x + bWe need to find the value of b. To find the value of b, we can use the given point: advertising cost = $0.00, weekly sales = $34.70.substitute these values in the formula of the line: y = 0.635x + 34.70Substitute the given advertising cost $357: y = 0.635(357) + 34.70 = 246.28Hence, the weekly sales when advertising costs are $357 is $246.28. Therefore, option C is correct.
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If the number of units produced is more than the number of units sold, which of the following statements is true when comparing overhead costs under absorption versus variable costing?A. Variable costing will produce higher fixed overhead costs on the income statement.B. Absorption costing will produce higher fixed overhead costs on the income statement.C. Overhead costs on the income statement are the same under both methods.D. Absorption costing will have higher variable overhead costs on the income statement.E. None of the answer choices is correct.
Answers
The correct answer is B which is Absorption costing will produce higher fixed overhead costs on the income statement.
Absorption costing allocates all manufacturing overhead costs, including fixed overhead costs, to units of production, regardless of whether they are sold or not. Therefore, if the number of units produced is more than the number of units sold, absorption costing will result in a higher allocation of fixed overhead costs to each unit of production, leading to higher fixed overhead costs on the income statement.
On the other hand, variable costing only allocates variable manufacturing overhead costs to units of production. Fixed manufacturing overhead costs are expensed in the period they are incurred and do not become part of the cost of the product. Therefore, variable costing will not allocate fixed overhead costs to units that are not sold, resulting in lower fixed overhead costs on the income statement compared to absorption costing.
Option A is incorrect because variable costing does not allocate fixed overhead costs to units of production.
Option C is incorrect because the allocation of overhead costs is different under absorption and variable costing.
Option D is incorrect because variable overhead costs are allocated under both absorption and variable costing, and the allocation is based on the same cost driver.
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The application of marketing strategies and practices not for profit but rather to change or create behaviors that have a beneficial impact on targeted individuals or society as a whole is known as
A. product marketing.
B. commercial marketing.
C. online marketing.
D. social marketing.
Answers
Answer:
I'm pretty sure it's b sorry if I'm wrong
The owner of Firewood To Go is considering buying a hydraulic wood splitter which sells for $50,000. He figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. How many cords of wood would he have to split with this machine to break even
Answers
Answer:
The correct answer is "2000 units".
Explanation:
Given:
Fixed cost,
F = $50,000
Variable cost,
VC = $100 per unit
Price,
P = $125 per unit
Let the units to be sold be "x".
Throughout the case of breakeven,
⇒ \(Total \ revenue=Total \ cost\)
⇒ \(125x=50000+100x\)
On subtracting "100x" from both sides,
⇒ \(125x-100x=50000+100x-125x\)
⇒ \(25x=50000\)
⇒ \(x=\frac{50000}{25}\)
⇒ \(=2000 \ units\)
On January 1, Novak Corp. Had 62,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. Apr. 1Issued 13,950 additional shares of common stock for $12 per share. June 15Declared a cash dividend of $1. 60 per share to stockholders of record on June 30. July 10Paid the $1. 60 cash dividend. Dec. 1Issued 6,200 additional shares of common stock for $11 per share. Dec. 15Declared a cash dividend on outstanding shares of $1. 70 per share to stockholders of record on December 31.
Prepare the entries, if any, on each of the three dates that involved dividends. (Record journal entries in the order presented in the problem. Credit account titles are automatically in is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e. G. 1,225. )
Date Account Titles and Explanation Debit Credit
Answers
The journal entries for the dividend-related transactions are as follows:
On June 15, Retained Earnings is debited and Dividends Payable is credited when a cash dividend of $1.60 per share is declared.On July 10, Dividends Payable is debited, and Cash is credited when the dividend is paid.On December 15, Retained Earnings is debited, and Dividends Payable is credited when a cash dividend of $1.70 per share is declared.June 15
Retained Earnings 99,200
Dividends Payable 99,200
(To record declaration of cash dividend)
On June 15, a cash dividend of $1.60 per share was declared. This declaration reduces the retained earnings (an equity account) and establishes a liability called dividends payable.
July 10
Dividends Payable 99,200
Cash 99,200
(To record payment of cash dividend)
On July 10, the previously declared cash dividend of $1.60 per share was paid to the stockholders. The dividends payable liability is decreased, and an equal amount is debited to the cash account as it is paid out to the stockholders.
Dec. 15
Retained Earnings 105,400
Dividends Payable 105,400
(To record declaration of cash dividend)
On December 15, a cash dividend of $1.70 per share was declared. This declaration reduces the retained earnings (an equity account) and establishes a liability called dividends payable.
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Juan earns a gross pay of $44,500. His employee benefits are 18% of his gross pay. What is the value of his benefits?
Answers
Answer: I think its $8,100
Explanation:
i hope it helps
What is the function of a Manager?
Answers
A manager is responsible for ensuring that the organization's goals are met and that the organization is operating effectively and efficiently. They must have strong leadership skills, effective communication skills, and the ability to motivate and inspire others to achieve their best.
The function of a manager varies depending on the organization, industry, and level of management. However, some common functions of a manager include:
Planning: A manager is responsible for setting goals, developing strategies, and creating plans to achieve those goals. This involves analyzing data, forecasting future needs, and anticipating potential obstacles.
Organizing: A manager is responsible for organizing the resources needed to achieve the goals of the organization. This includes assigning tasks, delegating responsibilities, and coordinating activities.
Staffing: A manager is responsible for recruiting, selecting, training, and developing employees. They are also responsible for creating a positive work environment and motivating employees to perform at their best.
Directing: A manager is responsible for guiding and directing the work of employees. This involves setting performance standards, providing feedback, and coaching employees to improve their skills and performance.
Controlling: A manager is responsible for monitoring performance and taking corrective action when necessary. This involves setting performance targets, measuring progress, and making adjustments to ensure that goals are met.
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Drew a bill upon Raman amounting to Rs 25000 and he accepted the bill.
Journal entry
Answers
Answer:
left hand side; SALE
RIGHT HAND SIDE: 25000
Explanation:
Maria and Marisa are fixing up their basement. They need access to cash, so they visit their bank where they are pre-approved for $55,000. They can write checks for up to this amount, and they will repay this loan by making payments over time that include the amount borrowed and finance charges. Which type of credit are Maria and Marisa using? O A. a bank line of credit OB. an installment sales credit O C. an installment cash credit OD. a single lump-sum credit
Answers
Answer:
bank line of credit
Explanation:
i got it right
John Deere Manufacturing Company has two manufacturing departments--Cutting and Soldering for its series 200 lawn tractor body. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Cutting Soldering Estimated total machine-hours (MHs) 1,250 11,400 Estimated total fixed manufacturing overhead cost $ 15,880 $ 37,300 Estimated variable manufacturing overhead cost per MH $ 3.12 $ 2.40 During the most recent month, John Deere started and completed two jobs--Job 1A and Job 1B. There were no beginning inventories. Data concerning those two jobs follow: Job 1A Job 1B Direct materials $ 12,300 $ 8,492 Direct labor cost $ 18,200 $ 5,870 Cutting machine-hours 700 300 Soldering machine-hours 3,600 5,410 Assume that John Deere uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 80% on manufacturing cost to establish selling prices. Answer the following questions. (round predetermined overhead rate to two decimal places) 1. What is the plantwide predetermined MOH rate
Answers
Answer:
John Deere Manufacturing Company
Cutting Soldering
Predetermined MOH rates = $19.80 $7.18
Explanation:
a) Data and Calculations:
Cutting Soldering
Estimated total machine-hours (MHs) 1,250 11,400
Estimated total fixed manufacturing overhead cost $ 15,880 $ 37,300 Estimated variable manufacturing overhead cost per MH $ 3.12 $ 2.40
Total estimated variable manufacturing overhead $3,900 $27,360
Total manufacturing overhead costs $19,780 $64,660
Job 1A Job 1B Total
Direct materials $ 12,300 $ 8,492 $
Direct labor cost $ 18,200 $ 5,870
Cutting machine-hours 700 300 1,000 hours
Soldering machine-hours 3,600 5,410 9,010 hours
Plantwide predetermined MOH rates:
Cutting Soldering
Estimated total manufacturing overhead costs $19,780 $64,660
Total machine hours during the most recent month 1,000 9,010
Predetermined MOH rates = $19.80 $7.18
= ($19,780/1,000) ($64,660/9,010)
Contra entry is recorded in?
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Oscar owns a meat processing plant whose unpleasant odors waft across the city. Because the production of processed meat provides a negative externality to the community, the government should: Group of answer choices impose a tax on Oscar's production of processed meat, since the market quantity is greater than the socially optimal quantity. subsidize Oscar's production of processed meat, since the market quantity is less than the socially optimal quantity. subsidize Oscar's production of processed meat, since the market quantity is greater than the socially optimal quantity. impose a tax on Oscar's production of processed meat, since the market quantity is less than the socially optimal quantity.
Answers
A decrease in the money supply may __________ total expenditures and thus __________ aggregate demand.
Answers
Answer:
Lower; lower.
Explanation:
The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.
The buying and selling of bonds government owned by the Federal Reserve (Fed) is generally referred to as open market sales.
An open market sale of U.S. Treasury securities by the Fed will cause the Banking System's balance sheet not to show a net change in liabilities or assets but only a change in the composition of assets with securities increasing while causing a decrease in the reserves of thecountry.
Basically, an open market sales increase money supply and as such making more money to be in circulation and in the economy
However, a decrease in the money supply in a country may lower total expenditures and thus lower (decrease) aggregate demand of goods and services for the population.
Answer:
A decrease in the money supply may lower total expenditures and thus lower aggregate demand.
Bill smith economic influences
Answers
I don't really know of Bill Smith but I know Adam
Smith's best - known ideas formed the basis of economic theory , including the invisible hand theory ( the idea that free - markets coordinate themselves ) , the division of labor ( the idea that people should specialize in specific tasks ) , and the measurement of economic activity ( Gross Domestic Product ) .
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At the beginning of June, Circuit Country has a balance in inventory of $2,000. The following transactions occur during the month of June.
June 2 Purchase radios on account from Radio World for $1,700, terms 1/15, n/45.
June 4 Pay freight charges related to the June 2 purchase from Radio World, $200.
June 8 Return defective radios to Radio World and receive credit, $300.
June 10 Pay Radio World in full.
June 11 Sell radios to customers on account, $3,000, that had a cost of $2,200.
June 18 Receive payment on account from customers, $2,000.
June 20 Purchase radios on account from Sound Unlimited for $2,800, terms 3/10, n/30.
June 23 Sell radios to customers for cash, $4,300, that had a cost of $2,600.
June 26 Return damaged radios to Sound Unlimited and receive credit of $300.
June 28 Pay Sound Unlimited in full.
Required:
1.
Assuming that Circuit Country uses a perpetual inventory system, record the transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
2.
Prepare the top section of the multiple-step income statement through gross profit for the month of June
Answers
Answer:
Part 1
Recording of transactions
June 2
Debit : Merchandise Inventory $1,700
Credit : Accounts Payable $1,700
June 4
Debit : Freight expenses $200
Credit : Cash $200
June 8
Debit : Accounts Payable $300
Credit : Merchandise Inventory $300
June 10
Debit : Accounts Payable $1.400
Credit : Discount received $14
Credit : Cash $1,386
June 11
Debit : Accounts Receivables $3,000
Debit : Cost of sales $2,200
Credit : Sales Revenue $3,000
Credit : Merchandise Inventory $2,200
June 18
Debit : Cash $2,000
Credit : Accounts Receivables $2,000
June 20
Debit : Merchandise Inventory $2,800
Credit : Accounts Payable $2,800
June 23
Debit : Accounts Receivables $4,300
Debit : Cost of sales $2,600
Credit : Sales Revenue $4,300
Credit : Merchandise Inventory $2,600
June 26
Debit : Accounts Payable $300
Credit : Merchandise Inventory $300
June 28
Debit : Accounts Payable $2,500
Credit : Discount received $75
Credit : Cash $2,425
Part 2
Circuit Country
Multiple-step income statement for the month of June
Sales Revenue ($3,000 + $4,300) $7,300
Less Cost of Sales ($2,200 + $2,600) ($4,800)
Gross Profit $2,500
Explanation:
Part 1
Perpetual inventory system keeps accurate records of the cost of sales and inventory balance after each and every purchase and sale made.
Also remember, Payments are always made less of credit allowance and discount (if payment is done within the discount period).
Part 2
A multiple -step up to gross profit is required. The data concerning Sales and Cost of Sales can be easily extracted from the records.
Even under difficult circumstances, there will always be a "best" course of action. Please select the best answer from the choices provided T F.
Answers
Answer:
T
Explanation:
Yes they will be under difficult cirumstances
It is a true statement there will always be a best course of action even under a difficult circumstances.
What is a difficult circumstances?Theseare circumstances of a particular situation that can be quite adverse if wrong decision are taken.
However, when the best action are took, it can mitigate the likely adverse outcome from such situation.
Therefore, the statement is true.
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You will receive $500 tomorrow. You will receive an additional nine cash flows growing at the rate of inflation of 2 percent per year. The nominal interest rate is 10 percent. a. Find the value of the stream of cash flows. Make sure to show your work. b. What is the real value of each cash flow received? Make sure to show your work. c. Find the value of the stream of cash flows, based on real values. Make sure to show your work. d. What do you observe? Explain.
Answers
Answer:
please find the solution which is defined as follows:
Explanation:
please find the table in the attached file:
In point A, The Cashflow value = 5474.86 (premised on the description of cash flows). In point B, the above table the PV of cash flow represents the real cost of its earned cash flow. In point C, its actual value of the cash flow source is 3643.921. In point D, The observation would be that the value of money year after year is depleting and is worth far more as inflation is weak.
Which is an example of an income deduction? an unexpected salary cut wages lost due to illness vacation budget retirement savings
Answers
Retirement savings are among the examples of income deduction and Option D is correct.
What is Income deduction?Income deduction can be defined as the amount that is being deducted transparently from the actual income before the income comes in hand and is allocated in other reserves that are utilized for various benefits.
Retirement savings, income tax, medicare, and many more are some of the examples of Income deduction.
Retirement savings are funds deducted transparently and consistently from the income for a long period of time and is returned to the employee during the time of retirement.
Therefore, Retirement savings are among the examples of income deduction and Option D is correct.
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Answer:
the answer is D
trust me
wat is 6x6+63+90-331x5
Answers
Explanation:
Answer:
-1466
Explanation:
Give brainliest and I will do step by step!
Step by step-
6 X 6= 36
-331 X 5= -1655
63 + 90= 153
153 + 36= 189
-1655 + 189= -1466
why drill should be performed in single beat?
Answers
Answer:
Once your body gets used to a certain movement your muscle are ready for it just about everyday. If you dont do it all at once then you wont be getting all the stuff that you want.
Explanation:
What is the EVUPI? Success Moderate Success Failure
Failure 0. 3 0. 3 0. 4 Sell Company 110. 0 110. 0 110. 0 Form Joint Venture 210 120 64. 0 Sell Software on own 420 157. 0 -100 Answer Format: Number: Round to: 1 decimal places. ________________
Answers
The EVUPI (Expected Value of Perfect Information) is the maximum amount that can be paid to obtain perfect information in order to make the best decision possible. Success Moderate Success Failure Failure 0. 3 0. 3 0. 4 Sell Company 110. 0 110. 0 110. 0 Form Joint Venture 210 120 64. 0 Sell Software on own 420 157. 0 -100 Answer Format: Number: Round to: 1 decimal places $310 million.
It is calculated as the difference between the expected value of the decision with perfect information and the expected value of the decision without perfect information.
The maximum expected value for Success is $420 million (Sell Software on own). The maximum expected value for Moderate Success is $157 million (Sell Software on own). The maximum expected value for Failure is $64 million (Form Joint Venture).
Therefore, the EVUPI is
EVUPI = max(Success, Moderate Success, Failure) - Sell Company
EVUPI = max($420 million, $157 million, $64 million) - $110 million
EVUPI = $420 million - $110 million
EVUPI = $310 million (rounded to 1 decimal place)
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Approximate the mean for the following data set. Round your answer to one decimal place.
Answers
The mean of the data set in the question is 34.0
How to solve for the meanWe have to find the midpoint of the classes
this would be gotten by the addition of the first and the last numbers divided by 2.
This would be seen in the following way
0 + 11 / 2 = 5.5
12 + 23 / 2 = 17.5
24 + 35 / 2 = 29.5
36 + 47 / 2 = 41.5
48 + 59 / 2 = 53.5
Next we have to multiply the midpoints by the given frequencies in the table
The frequencies * midpoint are
6 * 5.5 = 33
10 * 17.5 = 175
5 * 29.5 = 147.5
14 *41.5 = 581
13 * 53.5 = 695.5
Then the summations of the frequency is
6 + 10 + 5 + 14 + 13 = 48
The summation of the table above would be
33 + 175 + 147.5 + 581 + 695.5 = 1632
The mean would be 1632 / 48 = 34.0
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The __________ can be constructed almost entirely out of these pairing of indirect and direct quotes.
Answers
The dialogue can be constructed almost entirely out of these pairing of indirect and direct quotes.
In writing, there are two types of quotes: direct and indirect. Direct quotes are the exact words spoken by a person, while indirect quotes are a paraphrased version of what someone said. Both types of quotes are valuable in storytelling, as they provide different levels of detail and insight into the characters and events being described.
Pairing indirect and direct quotes is a powerful technique that writers can use to create a rich and engaging narrative. By using both types of quotes, writers can provide a balance of both verbatim dialogue and contextual information. Direct quotes can help to bring characters to life, while indirect quotes can provide background information and set the scene.
When constructing a narrative, writers can use a variety of techniques to pair indirect and direct quotes. They can use direct quotes to highlight key moments in the story, while using indirect quotes to provide context and insight into the characters and events. They can also use indirect quotes to foreshadow events that will happen later in the story.
Overall, the pairing of indirect and direct quotes is an essential tool for writers looking to create a compelling narrative. By using both types of quotes, writers can provide a balance of dialogue and context that helps to bring their stories to life.
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when it comes to your money goals, in order to have clarity and a powerful reminder to keep you on track, you need to
Answers
When it comes to your money goals, to have clarity and a powerful reminder to keep you on track, you need to "have goals written down."
When goals are written down, it gives you the direction of what needs to be done.
When goals are written down, you follow each step to achieving the goals.
Instead of reacting to the situation, you consciously follow each step or plan daily, weekly, monthly and yearly, to focus on your progress and achievement towards the goals.
Hence, in this case, it is concluded that when goals are written down, it gives a clear purpose and reinforce motivations.
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Ignoring qualitative considerations, a company segment whose segment margin is constantly negative should be dropped.
Group of answer choices
True
False
Answers
True. A company segment with a consistently negative segment margin should be dropped, irrespective of qualitative factors. Negative segment margins indicate that the segment is unable to generate sufficient revenue to cover its direct costs, leading to continuous losses.
A segment margin is a financial metric that measures the profitability of a specific business segment within a company. It is calculated by subtracting the direct costs associated with the segment from its revenues and dividing the result by the segment's revenues. A positive segment margin indicates that the segment is generating profit, while a negative segment margin indicates losses.
When a company's segment margin is consistently negative, it suggests that the segment is not generating enough revenue to cover its direct costs, including materials, labor, and other expenses directly attributable to the segment's operations. This situation can arise due to various reasons such as weak demand, intense competition, inefficient operations, or unfavorable pricing.
By dropping a segment with a consistently negative segment margin, the company can eliminate a source of continuous losses and free up resources that can be redirected to more profitable areas. This strategic decision can help improve the company's overall financial performance and focus on segments that have the potential to generate positive margins.
While qualitative considerations are important in business decisions, the constant negative segment margin is a strong indicator that the segment is not financially viable. It is crucial for companies to regularly review their segment performance and take appropriate actions to maximize profitability and shareholder value.
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a uniformed member is tdy to a u.s. installation, will be staying in government quarters, and has all three meals available in a government dining facility. which meal rate will apply to the traveler?
Answers
Which type of ebusiness marketing technique induces websites or users to pass on a marketing message to other websites or users, creating exponential growth in the message's visibility and effect
Answers
What were his earnings for this week? answer please
Answers
Answer:
$23,175
Explanation:
The commission sales are 3%, and the sales amount is $22,500.
Divide 22,500 by 100 to find the cost per percentage.
$22,500 / 100 = $225
So, $225 = 1% of commissions
Now, $225 x 3 = $675
3% of commissions = $675
$22,500 + $675 = $23,175
I hope this helps!
REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same
month, 104 snowboards were sold. REI uses a periodic inventory system.
Date
Sept. 1
Sept. 12
Sept. 19
Sept. 26
Explanation Units Unit Cost
Inventory
Purchases
Purchases
Purchases
Totals
13
48
56
23
140
$115
118
119
120
Total Cost
$ 1,495
5,664
6,664
2,760
$16,583
Answers
we can analyze REI's purchases of snowboards during September using a periodic inventory system. A periodic inventory system involves determining the cost of goods sold (COGS) and the ending inventory at the end of the accounting period. the cost of goods sold (COGS) for September is $19,582,760.
The given statement states that REI is a snowboard seller and the given information is related to the purchases made by the company in the month of September. The given information is provided below;481202,760$16,583To find the cost of goods sold (COGS), we need to follow a formula;COGS = Beginning inventory + Purchases - Ending inventoryCOGS = $16,583 + $481,202,760 - Ending inventoryGiven, Gross profit = Sales - COGSGross profit = $35,682,000 - COGSAs the value of Gross profit is given, we can put this value in the formula of Gross profit to calculate COGS;Gross profit = $35,682,000 - COGS$16,099,240 = $35,682,000 - COGSCOGS = $35,682,000 - $16,099,240COGS = $19,582,760.
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Purchasing & Inventory Control Math Quiz
QUESTION 1 of 10: You begin the week with 30 units of orange juice. You purchase 50 units. Your ending inventory for the week is 30 units.
How many units did you sell?
0000
a) 5
b) 15
c) 49
d) 50
Answers
Towards the end, 50 units had been sold.(option d)
How would you define inventory?The items and supplies that a company keeps on hand with the intention of reselling, producing, or using them are referred to as inventory or stock. The main focus of inventory management is determining the location and shape of stocked commodities. All the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory. Example: Only the paper will be regarded as inventory if a paper vendor utilizes a vehicle to distribute newspapers to clients. The car will be considered an asset.
Inventory sold = 30 + 50 - 30 = 50.
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