(a) FIFO:
Cost of goods available for sale: $3,780
Ending inventory: $1,314
Sales: $1,600
Cost of goods sold: $2,466
Gross profit: $134
(b) LIFO:
Cost of goods available for sale: $3,780
Ending inventory: $1,224
Sales: $1,600
Cost of goods sold: $2,556
Gross profit: $44
(c) Weighted Average Cost:
Cost of goods available for sale: $3,780
Ending inventory: $1,269
Sales: $1,600
Cost of goods sold: $2,511
Gross profit: $89
To calculate cost of goods available for sale, we add the cost of beginning inventory to the cost of purchases:
54 units x $10 = $540 (beginning inventory)
270 units x $12 = $3,240 (July 13 purchase)
Total cost of goods available for sale = $540 + $3,240 = $3,780
To calculate ending inventory, we need to use the inventory valuation method for each scenario.
Under FIFO, we assume that the first units purchased are the first units sold, so the ending inventory consists of the most recent purchases. We calculate ending inventory by subtracting the cost of goods sold from the cost of goods available for sale:
100 units x $12 = $1,200 (cost of goods sold)
$3,780 - $1,200 = $2,580 (ending inventory)
Under LIFO, we assume that the last units purchased are the first units sold, so the ending inventory consists of the earliest purchases. We calculate ending inventory by subtracting the cost of goods sold from the cost of goods available for sale:
100 units x $10 = $1,000 (cost of goods sold)
$3,780 - $1,000 = $2,780 (ending inventory)
Under weighted average cost, we calculate the average cost per unit by dividing the total cost of goods available for sale by the total number of units available for sale:
($540 + $3,240) / (54 + 270) = $11.12 (weighted average cost per unit)
We then calculate ending inventory by multiplying the number of units in ending inventory by the weighted average cost per unit:
224 units x $11.12 = $2,489.28 (ending inventory)
To calculate sales, we multiply the selling price by the number of units sold:
100 units x $16 = $1,600 (sales)
To calculate cost of goods sold, we use the inventory valuation method for each scenario.
Under FIFO, we assume that the first units purchased are the first units sold, so the cost of goods sold consists of the earliest purchases. We calculate cost of goods sold by multiplying the cost per unit by the number of units sold:
54 units x $10 = $540 (cost of goods sold from beginning inventory)
46 units x $12 = $552 (cost of goods sold from July 13 purchase)
Total cost of goods sold = $540 + $552 = $1,092 (from beginning inventory and July 13 purchase)
Under LIFO, we assume that the last units purchased are the first units sold, so the cost of goods sold consists of the most recent purchases. We calculate cost of goods sold by multiplying the cost per unit by the number of units sold:
100 units x $12 = $1,200 (cost of goods sold)
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HELP
Tonya is a warehouse manager for a large online store. Which of the following is NOT a task she would do as part of her job? Question 9 options: Keep safety policies updated so that warehouse workers are safe Film commercials to advertise store sales Audit and report warehouse inventory
Answer:
film commercials shes in the warehouse not the front of the company
Explanation:
Find the final discount date and the net payment date for an invoice dated June 14 with terms of 3/10, net 20.
The final discount date is
(Type whole numbers.)
According to the given data, the final discount date is June 24 and the net payment date is July 4.
What do you mean by final discount date?Discount date is the date that comes ten (10) days after the bill's due date, unless another date is specified in the contract. The discount date is the final day that net rates can be applied to water and/or sewer charges.
The time frame during which an invoice must be fully paid in order to receive a reduction in the amount owed is known as the discount period.
Here,
Calculation of the final discount date:
Final discount date = June 14 + 10 days
Final discount date = June 24
Calculation of Net payment date:
Net payment date = June 14 + 20 days
Net Payment date = July 4
Therefore, through the data, the final discount date is June 24 and the net payment date is July 4.
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Information technology, especially the use of networks, can help firms lower the cost of market participation, making it worthwhile for firms to contract with external suppliers instead of using internal sources. Similarly, technology, by reducing the costs of acquiring and analyzing information, permits organizations to reduce costs because it becomes easier for managers to oversee a greater number of employees. According to agency theory, __________.
Answer:
According to agency theory, a principal's and an agent's interests do not always coincide.
Explanation:
An agency relationship is formed when "agents" (workers) are hired by a principal (owner) to carry out work for him.
However, rather than a homogeneous, profit-maximizing organization, the business is seen as a "nexus of contracts" among self-interested individuals.
Therefore, according to agency theory, a principal's and an agent's interests do not always coincide.
Ajax Lighting manufactures and sells street and parking lot lights, such as those on the Fayetteville trail system. Ajax has the best LED lighting technology in the industry. It is a significant competitive advantage. There are only two other companies in the nation that make competitive products. Growth in this industry is about 2% a year or less. Ajax can enjoy sustained competitive advantage because they are in a _________ market
Answer: slow cycle
Explanation:
Based on the information given, Ajax can enjoy sustained competitive advantage because they are in a slow cycle market.
Slow-cycle markets refers to the markets whereby the competitive advantages of a firm are protected from imitation, which is usually for long periods of time and in this scenario, imitation is usually costly. Therefore, in this market, competitive advantages are usually sustainable
What would most likely happen if the government increased payroll taxes? retirees would discover they have fewer benefits than they’d anticipated. citizens would have to wait far longer to collect their benefits. workers would have less money to take home each week. government officials would please everyone involved.
The government's increased payroll taxes result in workers having much less money to spend on domestic every week.
What is the payroll tax?A payroll tax is a percent withheld from an employee's pay via the means of an agency that will pay it to the authorities on the employee's behalf.
The tax is primarily based on wages, salaries, and tips paid to employees. Federal payroll taxes are deducted immediately from the employee's income and paid to the Internal Revenue Service (IRS).
Most states and a few towns and counties impose earnings taxes as well, and those quantities are paid immediately into their coffers.
In addition, employers, who are now no longer employees, additionally pay federal unemployment taxes for every one of their employees.
From the above assertions, it's clear that the precise solution is that workers could have much less cash to spend on domestic every week.
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Answer:
Its C
workers would have less money to take home each week
Explanation:
According to the international Fisher Effect, if an investor purchases a five-year U.S. bond that has an annual interest rate of 5% rather than a comparable British bond that has an annual interest rate of 6%, then the investor must be expecting the ________ to ________ at a rate of at least 1% per year over the next 5 years.
Answer: U.S. dollar; appreciate
Explanation:
Notes
which of the following automatic targeting options would show your ad to shoppers who view the detail pages of products similar to yours?
The automatic targeting option that would show your ad to shoppers who view the detail pages of products similar to yours is "Product Attribute Targeting."
"Product Attribute Targeting" is an automatic targeting option in advertising platforms that allows advertisers to display their ads to shoppers who are viewing detail pages of products that share similar attributes with their own products. This targeting option leverages the data and information related to product attributes such as category, brand, price range, or specific features to identify and target relevant audiences.
By utilizing Product Attribute Targeting, advertisers can reach potential customers who have shown an interest in products similar to theirs. This targeting strategy increases the likelihood of capturing the attention of shoppers who are actively engaged in exploring products within the same category or with similar characteristics. Consequently, it enables advertisers to potentially attract relevant traffic and increase the chances of conversion by reaching an audience with a demonstrated interest in similar products.
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if after one year of marriage taxpayer pursuant to their divorce decree deeded one-half of the residence to spouse and taxpayer continued to occupy the residence while spouse moved out, and, one year later, they sold the residence for $500,000?
This means that even if the other spouse earned all of the income, one spouse may still be responsible for paying the entire tax bill separating taxpayers.
Any marriage that has been solemnised, whether before or after the start of this Act, may, on a petition presented by either the husband or the wife, be dissolved by a decree of divorce on the grounds that the other party has treated the petitioner cruelly after the marriage has been solemnised; has deserted the petitioner for a continuous period of time; or has engaged in voluntary sexual activity with anyone other than his or her spouse.
Adultery committed before the petition is presented should be the basis of an adultery-based divorce petition. However, proof of adultery committed after the petition was filed is admissible in order for the court to make conclusions about the respondent's behaviour in the future.
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Preparing equipment that is used in a process is considered overproduction muda.
a. True b. False
It is false that the preparation of the equipment in a production process is considered as muda overproduction.
What is team preparation?The preparation of equipment is a term that refers to the process of putting into operation different elements that will contribute to a production process so that it works effectively and the owner has the highest productivity.
Why is it not considered as an overproduction?The preparation of the equipment should not be considered as an overproduction since it is a necessary process for the start-up of a factory. Therefore, the products that can be manufactured in the process of preparing the equipment are not considered overproduction because they are products that are not going to be used later nor will they have all the quality standards to sell or offer to consumers.
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employees rarely arrive and leave exactly on the quarter hour so it would make sense to round employee arrival times to the nearest quarter hour?
A. False
B. True
Please be right
What is the first step in the process of paying off debt?
The first step in the process of paying off debt is to take an inventory of all your debts and create a budget that allows you to allocate as much money as possible towards paying them off.
The first step in the process of paying off debt is to take an inventory of all your debts. This means listing out every debt you have, including the amount owed, the interest rate, and the minimum monthly payment required.
When it comes to actually paying off your debts, there are two common approaches: the debt snowball method and the debt avalanche method.
The debt snowball method involves paying off your smallest debts first, while the debt avalanche method involves paying off your debts with the highest interest rates first.
However, the debt snowball method can be a good option for those who need an early win to stay motivated.
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Which of the following is a benefit associated with regional economic integration?
A. Trade creation
B. Trade diversion
C. Loss of jobs
D. Loss of sovereignty
Answer:
its b
Explanation:
Answer: The answer is Trade creation
Explanation: I took the test
blunt county needs $700,000 from property tax to meet its budget. the total value of assessed property in blunt is $110,000,000. what is the tax rate of blunt? (round to the nearest ten thousandth. express the rate in mills.)
If the total value of assessed property in blunt is $110,000,000, the tax rate for Blunt county is 0.00636 mills.
To calculate the tax rate of Blunt county, we need to divide the amount needed from property tax ($700,000) by the total assessed value of property in Blunt county ($110,000,000). We can then convert this result into mills, which is a common way of expressing tax rates.
Tax rate = ($700,000 / $110,000,000) * 1,000
Tax rate = 0.00636 mills
This means that property owners in Blunt county will be required to pay $0.00636 for every dollar of assessed value of their property. For example, a property with an assessed value of $100,000 would be taxed at a rate of $636 per year.
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you are an analyst preparing a forecast of the effects of macroeconomic changes in the economy. what happens to prices and gdp when corporate taxes rise in the economy?
As an analyst, you are planning a forecast of the effects of the economy's macroeconomic developments. When the economy's corporate taxes increase GDP and prices both decline.
Do taxes impact GDP in a positive or negative way?According to the study, a one percent GDP rise in exogenous taxes led to a three-year GDP decrease of almost three percent (12 quarters). A significant portion of the GDP decline was ascribed to a decline in domestic private investment and personal consumer spending.
What effects do higher business taxes have on the economy's pricing and GDP?Investment will decline and the aggregate demand curve will move to the left as a result of a reduction in the investment tax credit or an increase in corporate income tax rates. Both the price level and real GDP will decline.
What effect does economic forecasting have on business activity?Economic predictions are designed to anticipate quarterly or annual GDP growth rates, the top-level macronumber on which many companies and growth rates, the top-level macronumber on which many companies and governments base their choices regarding investments, hiring, spending, and other crucial decisions that have an impact on the overall economy.
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A questionnaire on the negative impact of the coronavirus as one of the socio economic issues of the business
Answer:
From my understanding,I don't think so
Explanation:
because of the coronavirus from where I'm living those that are selling face mask and hand sanitizer are benefiting more from it than others
Which cable news network produces the most straight reporting?
A. MSNBC
B. ESPN
C. CNN
D. FOX
Answer:
C.
Have a good morning✨
Answer:
A
Explanation:
The EpiPen is a life-saving device that is used by people with severe allergies. The U.S. manufacturer of the EpiPen raised its price by nearly 25% per year for nearly a decade. For each price increase of 25%, would quantity demanded change by more or less than 25%? The price of hand sanitizer is higher because of the coronavirus scare. What would this do to the demand curve for liquid soap (a substitute for hand sanitizer)? Increase the demand Decrease the demand Has no effect on demand
The volume demand would alternate by way of less than 25%, as the EpiPen is an vital proper to men and women with extreme allergies.
What Is the Demand Curve?The demand curve is a graphical illustration of the relationship between the charge of a true or provider and the volume demanded for a given period of time. In a ordinary representation, the fee will show up on the left vertical axis, the extent demanded on the horizontal axis.
Demand curve has two types person demand curve and market demand curve. It shows a graphical illustration of demand schedule. It can be created by way of plotting charge and quantity demanded on a graph. In demand curve, the rate is represented on Y-axis, while the extent demanded is represented on X-axis on graph.
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https://brainly.com/question/1139186#SPJ4Which of the following is NOT a useful strategy when making an informed purchase?
1.Compare your option to similar products.
2.Calculate the unit price of the product.
3.Read the online reviews of the product and ask trusted friends who use it.
4.Purchase a product based on a social media influencer.
sailing inspired sportswear brand based in montana crossword
As, sailing inspired sportswear brand based in Montana crossword, as there was the eleven words are there, so the clue is (HELENAUTICA).
What is a Brand?A brand is a good, service, or idea that is publicly set apart from similar ones. This makes it simple to convey and generally promote. The process of developing and promoting a brand's name, attributes, and personality is known as branding.
As in the given sentence, (sailing inspired sportswear brand based in Montana crossword) there was the clue is there that was referred as the (HELENAUTICA).
Therefore, As a result, the word clue is referring as the (HELENAUTICA).
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For the tax year, Ashes to Dust, a partnership, reported a $75,000 ordinary loss and a $29,000 increase in recourse liabilities for which the partners are liable. Dustin, a 50% partner, had an adjusted basis of $16,000 at the beginning of the year. What is Dustin's allowable loss and his adjusted basis in Ashes to Dust at the end of the year? a. Allowable loss: $8,000. Adjusted basis: $7,000. b. Allowable loss: $16,000. Adjusted basis: $0. c. Allowable loss: $30,500. Adjusted basis: $0
Dustin's allowable loss is $30,500. and his adjusted basis is $0 in Ashes to Dust at the end of the year. Option c. Allowable loss: $30,500. Adjusted basis: $0 is correct.
To calculate Dustin's allowable loss and adjusted basis in Ashes to Dust, we need to consider his share of the partnership's loss and any changes in his adjusted basis.
Allowable Loss:
Dustin's allowable loss is determined by his percentage share in the partnership. In this case, Dustin is a 50% partner. Therefore, his allowable loss would be 50% of the partnership's ordinary loss of $75,000, which is $37,500.
Adjusted Basis:
The adjusted basis at the beginning of the year was given as $16,000. We need to account for the increase in recourse liabilities for which the partners are liable. The increase in recourse liabilities was $29,000.
Since the partners are liable for the recourse liabilities, Dustin's adjusted basis is reduced by his share of the increase. Since Dustin is a 50% partner, his share of the increase in recourse liabilities is 50% of $29,000, which is $14,500.
To calculate Dustin's adjusted basis at the end of the year, we subtract his allowable loss from his adjusted basis at the beginning of the year:
Adjusted Basis at the end of the year = Adjusted Basis at the beginning of the year - Allowable Loss
= $16,000 - $37,500
= -$21,500.
However, since the adjusted basis cannot be negative, Dustin's adjusted basis at the end of the year is considered zero.
Therefore, the correct answer is c. Allowable loss: $30,500. Adjusted basis: $0.
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Identify at least five different Human Services careers that you could pursue in your home state, and choose the three that appeal to you the most. Of the three, write a one-page essay describing which one would be your career choice and the educational pathway that you would have to follow in order to obtain that career. Finally, identify at least three colleges, universities, or training programs that are suited to that career choice. You can use the following resources to help you:
Answer:
Human services careers: Nurse, Child Life Specialists, Licensed Clinical Social Workers (LCSW), Psychologist, Counselor, Marriage and Family Therapist, and Behavioral Management Aide.
Explanation:
You could write about any of these ->
Try writing about being a nurse.
They help everyone in the hospital setting and the families of the patients.
Go through years of training to help people.
Put other people before them.
Three colleges that you can take nursing classes at are: NIU, UIC and Lewis university.
Answer:
Five careers within the Human Services cluster that would be interesting to me are massage therapist, residential advisor, marriage and family therapist, health educator, and healthcare social worker. Of these careers, the ones that would appeal to me most are residential advisor, marriage and family therapist, and health educator.
I would choose to be a marriage and family therapist, because I enjoy listening to others and finding ways to help them. I think it would be rewarding to be able to help families and couples find solutions to their problems and give them the strategies and methods that they need to work through problems.
The academic requirements for marriage and family therapists are a master’s degree and license. In order to complete the requirements, I could choose to attend Northwestern University, the University of Rochester, or the University of Southern California in Los Angeles. After completing a master’s degree, I would eventually like to get a Ph.D. in family therapy from Syracuse University, Ohio State University, or Virginia Polytechnic Institute and State University.
Explanation:
just did it
In what seven (7) way can we promote good marriage in the society
Answer:
1.being loving
2bieng understanding
3being loy
________ power is when one channel member threatens to punish or punishes another channel member for not undertaking certain tasks, such as delaying payment for a late delivery.
Coercive power is when one channel member threatens to punish or punishes another channel member for not undertaking certain tasks, such as delaying payment for a late delivery.
What is coercive power?The use of force, threats, and other forms of coercion to induce a response is known as coercive power.For instance, a boss who threatens to demote, fire, or suspend a misbehaving employee is using coercive power.A manager's capacity to compel an employee to follow instructions by threatening to discipline the employee if the employee disobeys the order is known as coercive power.The deployment of force is the most crucial idea concerning coercive power to comprehend.To learn more about coercive power. refer,
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QUESTION 8 of 10: You buy a lathe for $20,000. Its useful life is 10 years. Each week, over 10 years, you recognize an equal portion of its cost. This is called depreciation. What is your weekly depreciation for the lathe?
Answer:
the weekly depreciation is $38.46
Explanation:
The computation of the weekly depreciation is shown below;
Given that
The Purchase value of the lathe is $20,000
Useful life is 10 years
So, the annual depreciation is
= $20,000 ÷ 10 years
= $2,000 per year
Now the weekly depreciation is
= $2,000 ÷ 52 weeks
= $38.46
Hence, the weekly depreciation is $38.46
please help this is for economics
Answer: its not clear
Explanation:
do u mind send or uploading it again?
1) The board of directors for a regional trucking company is comprised of a chairman/CEO, a president, two executive vice presidents, and 13 additional executives; all of whom are
Multiple Choice
• trustees.
• external stakeholders.
• inside directors.
• private investors.
The board of directors for a regional trucking company is comprised of "inside directors", including the chairman/CEO, president, two executive vice presidents, and 13 additional executives. Thus, Option C is correct.
Inside directors are individuals who are part of the company's management team and hold executive positions. They are responsible for making important decisions regarding the company's operations and strategy. In contrast, outside directors are independent individuals who are not affiliated with the company's management team.
The use of inside directors on a company's board can provide valuable expertise and knowledge of the company's inner workings. However, it can also raise concerns about potential conflicts of interest, as inside directors may prioritize the interests of the company's management team over those of shareholders. Thus, Option C holds true.
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a higher residual value will result in a(n) depreciation expense per year and a(n) net income. need help? review these concept resources.
A higher residual value will result in a lower depreciation expense per year and a higher net income.
To understand this concept, depreciation is an accounting practice of allocating the cost of a long-term asset over its useful life.
The residual value of an asset is the estimated value of the asset at the end of its useful life.
Therefore, when the residual value is higher, the amount of depreciation expense per year will be lower and the net income will be higher.
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Assume a nation's economy is operating in equilibrium. If exports increase and imports decrease, how will output, employment, and price level likely change? (Output/Employment/Price Level)
A. Increase/Increase/Increase
B. Decrease/Decrease/Decrease/
C. Increase/Decrease/Increase
D. Decrease/Decrease/Increase
E. Increase/Increase/Decrease
When exports increase and imports decrease, it means that the nation is exporting more goods and services than it is importing. This will lead to an increase in the nation's net exports, which will boost aggregate demand.
An increase in aggregate demand will lead to an increase in output, employment, and price level. Therefore, all three of the answers will increase.
Here is a more detailed explanation of the effects of increased exports and decreased imports on output, employment, and price level:
Output: Increased exports and decreased imports will lead to an increase in the demand for domestically produced goods and services. This will lead to an increase in output as businesses produce more goods and services to meet the increased demand.
Employment: Increased output will lead to an increase in the demand for labor. This will lead to an increase in employment as businesses hire more workers to produce more goods and services.
Price level: Increased aggregate demand will lead to an increase in the price level. This is because businesses will be able to raise prices without losing sales as the demand for their goods and services increases.
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Which user has access to the Voided/deleted transactions tool? Primary admin user Standard user Accountant user Company admin user
Answer:
Accountant User
Explanation:
Accountant User user has access to the Voided/deleted transactions tool. Thus option C is correct.
What is Voided/deleted transactions tool?Voiding retains a document of the transaction in your records while lowering the amount of the check to zero. On the other hand hand, deletion completely deletes the activity from QuickBooks. The prepaid bill(s) also revert to an overdue status as a result of this.
It won't have an impact on your checking accounts or reports when you nullify a transaction in Bookkeeping, but you will still have a copy of the transaction. In QuickBooks, when you remove a transaction, it's fully gone from your records and won't show up in any reporting or categories.
Even if a multi-user net can be set up, each license only allows three individuals to view the industry's files. Therefore, option C is the correct option.
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w How does a training change a traditional profession into a modem profession? Discuss in the class.
Answer:
when one gains training he/she likes to do some works which gains much profit .he /she leaves the works which they worked for first time.