Dongguk Industry, adopting Perpetual Inventory recording system, recorded two inventory layers by the end of June 30- 1 100 units x unit cost $20 (purchased on June 25) 80 units x unit cost $22 Dongguk Industry physically counted to identify 175 units and Net Realiable Value is valued at $19 per unit. If the company uses FIFO cost flow assumption, what are the inventory shrinkage loss and inventory valuation loss? a. Inventory shrinkage loss: $100. b. Inventory shrinkage loss: $95. c. Inventory shrinkage loss: $105. d. Inventory shrinkage loss: $110. Inventory valuation loss: $335 Inventory valuation loss: $340 Inventory valuation loss: $330 Inventory valuation loss: $325 vetem?
Answers
The inventory shrinkage loss can be calculated by multiplying the cost of the missing units ($20) by the number of missing units (5):
$20 * 5 = $100. The correct answer is option (a)
To calculate the inventory shrinkage loss, we need to determine the value of the missing units using the FIFO (First-In-First-Out) cost flow assumption.
According to the information provided, Dongguk Industry recorded two inventory layers by the end of June 30th:
100 units purchased on June 25th at a unit cost of $20.
80 units purchased at an unknown date with a unit cost of $22.
The physical count revealed only 175 units, which means that 5 units are missing (100 + 80 - 175 = 5).
Using the FIFO method, the cost of the missing units would be based on the earliest purchased units, which were the 100 units purchased on June 25th at a unit cost of $20. Therefore, the cost of the missing units is $20 per unit.
The inventory shrinkage loss can be calculated:
$20 * 5 = $100
Therefore, the correct answer is option (a) Inventory shrinkage loss: $100.
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--The complete question is, Dongguk Industry, adopting Perpetual Inventory recording system, recorded two inventory layers by the end of June 30- 1 100 units x unit cost $20 (purchased on June 25) 80 units x unit cost $22 Dongguk Industry physically counted to identify 175 units and Net Realiable Value is valued at $19 per unit. If the company uses FIFO cost flow assumption, what are the inventory shrinkage loss ?
a. Inventory shrinkage loss: $100.
b. Inventory shrinkage loss: $95.
c. Inventory shrinkage loss: $105.
d. Inventory shrinkage loss: $110.--
Related Questions
In a freehold estate what describes when the ownership includes all immovable structures attached to the land such as buildings, trees, and underground resources?
Answers
There are different kinds of estate. In a freehold estate immobility describes when the ownership includes all immovable structures attached to the land such as buildings, trees, and underground resources.
Freehold estates is known to be made up of 2 components. They are:
immobility: This is simply the ownership of all immovable structures that is attached to land. An indefinite ending: This is known to stay or exist for a lifetime.Freehold estates are simply known to be a type of estates that has indefinite lifetime and it can exist for a lifetime or forever.
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PMBOK Knowledge area of Quality Management has 2 process, please explain in your own words at least two
Answers
One of the processes in the PMBOK (Project Management Body of Knowledge) knowledge area of Quality Management is "Plan Quality Management."
In this process, the project team identifies the quality objectives and determines the necessary actions and resources to achieve them. It involves developing a quality management plan that outlines the quality standards, metrics, and processes to be used throughout the project.
Another process is "Perform Quality Assurance." This process focuses on executing the quality management plan and ensuring that the project activities comply with the defined quality standards. It involves evaluating project performance and deliverables, conducting audits, and implementing necessary improvements to enhance the overall quality of the project.
In summary, the "Plan Quality Management" process establishes the framework for quality management, while the "Perform Quality Assurance" process monitors and verifies adherence to the established quality standards and implements corrective actions when necessary.
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A school counselor conducts a health and wellness needs assessment of her students. She is likely employing which survey research design?
A)Trend
B)Cohort
C)Panel
D)Cross-sectional
Answers
The likely survey research design employed by the school counselor in conducting a health and wellness needs assessment of her students is D) Cross-sectional.
Cross-sectional survey research design involves collecting data from a sample of individuals at a specific point in time. In this case, the school counselor is conducting a one-time assessment of the students' health and wellness needs. The data is collected at a single moment, providing a snapshot of the students' current health and wellness status.
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Amazon’s efforts to offer customers the option to return or purchase items in the physical world is a decision that most closely aligns with which of the elements of the retail marketing mix?
a) none of the above, b)product, c)distribution, d)price, e) promotion.
Answers
Amazon's efforts to offer customers the option to return or purchase items in the physical world, such as through its physical stores or pickup locations, primarily align with the "d) distribution" element of the retail marketing mix.
What is meant by distribution in retail marketing?
Distribution refers to the channels, methods, and locations through which products or services are made available to customers. In the case of Amazon, providing physical locations for customers to return or purchase items can be seen as a distribution strategy aimed at increasing convenience and accessibility for customers, and enhancing the overall customer experience.
The other options - product, price, and promotion - are other elements of the retail marketing mix but are not as closely related to Amazon's decision to offer physical world options for customers to return or purchase items.
"Product" refers to the characteristics, features, and benefits of the products or services being offered.
"Price" refers to the pricing strategy and tactics used by a retailer.
"Promotion" refers to the marketing communications and promotional activities used to promote products or services.
While these elements are important in the overall retail marketing mix, they are not as directly related to Amazon's decision to offer customers physical world options as the distribution element.
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Use what you have learned about long-term investments to answer these questions. Long-term investments tie up money for. One reason why individuals focus on long-term investments is to save for. A(n) allows both employees and employers to contribute to a retirement plan.
Answers
Answer:
With Merrill, you determine the level of guidance we provide. Depending on your comfort level, you may choose to invest solely online, or you may want the added advice of an advisor. Use the chart to help you decide.
Online
Tools and an investment strategy aligned to your goal
Online with an advisor
One-on-one help to define and pursue your goal
Explanation:
pls points
1. more than one year
2. retirement
3. 401(k)
Explanation:
ON EDGE
When seeking collaboration on writing instructions for product use before releasing the information to the consumer, which method would yield the best results? Blog Podcast Wiki Companies can use blogs to share late-breaking news of tidbits of interest to employees. This is an example of Blogs take the same care and attention as other business writing.
Answers
Answer:
Wiki
Explanation:
The best option in this case would be to use a Wiki, which is a collaborative website, where users can add content, news, information about a certain subject and thus generate more complete and efficient content.
The advantages of using Wiki for companies is the possibility of access controls, modifications, collaboration, etc.
So this would be the ideal method for a company that seeks collaboration in writing instructions for using the product before releasing the information to the consumer.
a store at the mall having a minimum age requirement for workers is an example of which category of employee rights?
A. employee polygraph protection
B. workers compensation
C. workplace safety and health
D. wages and hours
Answers
Answer:D
Explanation:
I believe !
An example of a category of employee rights is a store in a mall that has a minimum age restriction for employees. Another example is salaries and hours. Hence option D is correct.
What rights do workers have?You won't experience bullying or unjust treatment because of your race, colour, religion, sexual orientation, gender identity, national origin, handicap, age, or genetic information. Equal payment is made for comparable effort.
The Act establishes and makes clear three rights for employees: a "right to know" about the risks associated with their employment, a right to report workplace hazards to OSHA, and a right to protection against reprisals for exercising OSHA-protected rights.
Elimination of all forms of child labour, effective outlawing of forced or involuntary labour, and the abolition of discri mination based on unjust treatment employment and occupation, the right to associational freedom, and.
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The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows:
Answers
The management of Unter Corporation is considering an investment with the following cash flows:
Year 1: $50,000
Year 2: $70,000
Year 3: $80,000
Year 4: $90,000
Year 5: $100,000
To assess the investment's attractiveness, the management should evaluate its potential return and the time value of money. One approach is to calculate the investment's net present value (NPV), which considers the discounted value of future cash flows.
Assuming a discount rate of 10%, the present value (PV) of each cash flow can be calculated using the formula: PV = CF / (1+r)^n, where CF is the cash flow, r is the discount rate, and n is the number of years.
Calculating the PV of each cash flow:
PV1 = $50,000 / (1+0.10)^1 = $45,454.55
PV2 = $70,000 / (1+0.10)^2 = $57,851.24
PV3 = $80,000 / (1+0.10)^3 = $62,809.92
PV4 = $90,000 / (1+0.10)^4 = $66,115.70
PV5 = $100,000 / (1+0.10)^5 = $67,488.71
Summing up the present values:
NPV = PV1 + PV2 + PV3 + PV4 + PV5 = $300,720.12
The calculated NPV of $300,720.12 indicates that the investment is financially attractive. A positive NPV implies that the investment's expected returns exceed the initial cost, considering the time value of money. Therefore, Unter Corporation's management should proceed with the investment, as it is likely to generate a favorable return and contribute to the company's financial growth. However, it is crucial to consider other factors such as market conditions, competition, and strategic alignment before making a final decision.
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how do companies with near identical products usually compete
Answers
Companies with near-identical products typically compete through various strategies to gain a competitive advantage. Here are some common approaches: Marketing and Advertising, Pricing Strategy and Product Differentiation
Pricing Strategy: Companies may compete by offering lower prices than their competitors. Price wars can occur as companies try to attract customers by undercutting each other's prices.
Product Differentiation: Companies strive to differentiate their products through unique features, design, quality, or branding. By highlighting these distinctive aspects, they aim to attract customers who value those specific attributes.
Marketing and Advertising: Effective marketing campaigns can create brand awareness and influence consumer perceptions. Companies invest in advertising, promotions, and marketing activities to position their products as superior or more desirable than their competitors.
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a newborn child receives a $9,000 gift toward a college education from her grandparents. how much will the $9,000 be worth in 18 years if it is invested at 6.5% compounded quarterly?
Answers
The interest charged on a loan or deposit is known as compound interest. It is the idea that we employ the most frequently on a daily basis.
How do I calculate compound interest?In order to calculate compound interest, multiply the principal of the original loan by the annual interest rate multiplied by the number of compound periods minus one. You will then be left with the principal amount of the loan plus compound interest.
We can use the formula:
A=P(1 + r/ n)^nt
where:
A = Future Amount
P = Principal
r = interest rate
n = number of times per year compounding happens
t = number of years
We have:
A = 9000(1+0.65/4)^(4×18)
A = 9000(1.1625)^72
A ≈ $224,340.43.
The total compound interest is $215,340.43.
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Which of the following describes interest compound on the principle, excluding previously earned interest?
a- future value
b- present value
c- simple interest
d- compunding
Answers
Answer:
c- simple interest
Explanation:
Simple interest is the interest attained on the principal amount only. It is expressed as a percentage of the principal amount. Because the principal amount does not change, and the interest rate remains constant, the simple interest amount is a constant figure throughout the investment life.
Simple interest contrast compound interest that earns interest on previously earned interest.
Cortain aspects of the financial statements may have different reievance to investors and creditors. Which of the foliswro Troes of intornafon are each ef the parties MOST concerned with? a. Investons: Cash flows from investing activities, Creditorn: Dividends b. Irvestors: Dividends; Credalore: Suficient cash to make loan payments c. Investors: Sufficient cash to make loan payments; Creditort: Stock prices d. Investors: Sufficient cash to make Ioan payments; Creditors: Cash flows from irvesting activities e. None of these types of information are representative of what investors and creditors are most concerned with.: Certain aspects of the financaal statements may have different raievance to investors and creditors. Which of the followerg Yoes of infornafon are each of tin parties MOST concerned with? 3. Investone: Cash flows from investing activities, Creditorn: Dividends b. Investors: Dividends; Credtore: Suflicient cash to make loan payments c. Imvestors: Sufficient cash to make loan payments; Creditors: Stock prices d. Investors: Sufficient cash to make loan payments; Creditors: Cash flows from investing activities e. None of these types of information are representative of what investors and creditors are most concerned with.
Answers
The answer that depicts the types of information that each of the parties are most concerned with is option d. Investors are most concerned with sufficient cash to make loan payments while Creditors are concerned with cash flows from investing activities.
Certain aspects of the financial statements may have different relevance to investors and creditors. Investors are most concerned with sufficient cash to make loan payments while Creditors are concerned with cash flows from investing activities. Investors are individuals who invest their money into a company in the form of buying stocks and are mostly interested in getting profits and dividends from their investment.
Investors mostly focus on the future profitability of the company in which they are investing. Creditors, on the other hand, are entities that lend money to a company or a borrower. They are mostly interested in ensuring that the borrower can repay their debts with interest as it shows how much cash the company has and how much of it can be used to pay off debts.
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You
decide to buy 1 000 of two year CD (certificate of
deposit) University Credit Union offers 7 interest per year
Mercantile Bank says that you can get 1 180 after two years
Who offers a better deal?
You can compare the future value or the interest rate
Answers
Comparing the future values of both CDs, we see that Mercantile Bank CD offers a better deal as it has a future value of $2180, which is higher than University Credit Union CD's future value of $1149.16.
To compare the better deal between two-year CD (certificate of deposit) University Credit Union and Mercantile Bank that offers 7% interest per year, we need to compare their future values after two years.
The formula to calculate the future value of a CD with compounded interest is given by: FV = P × (1 + r/n)\(x^{2}\)(n*t)
Where, FV is the future value of the CD,
P is the principal amount invested,
r is the annual interest rate in decimal,
n is the number of times the interest is compounded in a year,
t is the number of years of investment in this case, we have invested $1000 in both University Credit Union and Mercantile Bank CDs, and both have a two-year investment term. So, t = 2 years.
Calculating the future value of University Credit Union CD: FV = P × (1 + r/n)\(x^{2}\)(n*t)FV = 1000 × (1 + 0.07/1)\(x^{2}\)(1*2)FV = $1149.16
Calculating the future value of Mercantile Bank CD: FV = P × (1 + r/n)^(n*t)FV = 1000 + 1180 = $2180
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The opening balance of Prize Fund was Rs 1,00,000. During the year, donations received towards this fund amounted to Rs 15,400, amount spent on prizes was Rs 12,300 and interest received on prize fund investment was Rs 4,000. The closing balance of Prize Fund will be :
Answers
Answer:
Rs 10,700
Explanation:
The closing balance will be
Opening prize Rs 100,000
Add
Donations received Rs 15,400
Interest received Rs 4,000
Total at hand Rs 119,400
less
amount on prizes Rs 12,300
closing balance Rs 10,700
What is the fda requirement for an offsite caterer?
Answers
The FDA requirement for an off site carter are:
Provide calibrated thermometersClean apronsClosed toes shoes, and hairnetsIn the term of economic business and law, FDA or also known as Food, Drug, and Cosmetic Act generally can be defined as an organizations that make a regulations based on the laws set forth in the Food, Drug, and Cosmetic Act (FD&C Act) or other laws. The FDA or also known as Food, Drug, and Cosmetic Act included the Family Smoking Prevention and Tobacco Control Act in their operations.
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Explain your understanding of the closing process by choosing the correct statements below. (Check all that apply.) Multiple select question. the closing process helps to determine a company's liquidity. the closing process resets the balances in temporary accounts to zero. the closing process helps to summarize a period's revenues and expenses. the closing process is a helpful step in preparing financial statements.
Answers
Answer:
Resets the balances to zero
The closing process helps to summarize a period's revenues and expenses and resets the balances in temporary accounts to zero. Thus, options B and C are correct.
What is the closing process?The word “closing process” describes a set of operations that had successfully been carried out in order to officially end and effectively close certain responsibilities, operations, and constituent pieces of a certain program or segment of a venture.
In the closing process, the people have to summarize or take the account all the expenses or the process that the person has obtained.
This means that the person needs to maintain all the books till the last date for any order to do that they also have to reset the balance to a temporary one to resolve all the queries and inquiries that they are having a query which they are facing. Therefore, option B and C is the correct option.
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2 reasons why the relative importance of the primary sector of a country's economy has declined
Answers
Explanation:
This means that primary sector production will fall + become less important to X's economy.
A lack of coal limits secondary + tertiary sector's capacity to invest in raw materials made using coal, hence primary sector importance decreases.
Quivers Inc. began operations on January 1 of the current year. The company produces eight-ounce bottles of jet wax called Ophelia Shine. The wax is sold wholesale in 12-bottle cases for $100 per case. There is a selling commission of $20 per case . The January direct materials , direct labor, and factory overhead costs are as follows:
Answers
There is a selling commission of $20 per case .Therefore, Quivers Inc.'s cost of goods sold and gross margin in January are $29,800 and $7,800 respectively.
Calculation of cost of goods sold (COGS) and gross margin for Quivers Inc. in January:
Given Data:Total production for January = 400 cases (4800 bottles)
Direct Materials: $19,000
Direct Labor: $6,000
Factory Overhead: $4,800
Total: $29,800
Selling Price per Case: $100
Selling Commission: $20 per case (or $2400 for all of January)
Calculation of Cost of Goods Sold = Direct Materials + Direct Labor + Factory Overhead
= $19,000 + $6,000 + $4,800
= $29,800
Calculation of Gross Margin = Revenue – Cost of Goods Sold – Selling Commission
= $100*400 cases – $29,800 - $2400
= $40,000 – $32,200
= $7,800
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Given the following historical data, what is the simple three-period moving average forecast for period 6?
Period : Demand
1 73
2 67
3 66
4 70
5 69
Answers
The simple three-period moving average forecast for period 6, based on the given historical data, is calculated by taking the average of demand for periods 4, 5, and 6.
The three-period moving average forecast is a forecasting method that calculates the average of the demand for the most recent three periods to future values. In this case, we are looking to forecast period 6 using the historical data provided.
To calculate the simple three-period moving average forecast for period 6, we consider the demand for periods 4, 5, and 6, which are 664, 705, and 699 respectively.
The calculation is as follows:
Moving Average = (Demand for Period 4 + Demand for Period 5 + Demand for Period 6) / Number of Periods
Moving Average = (664 + 705 + 699) / 3
Moving Average = 2068 / 3
Moving Average ≈ 689.33
Therefore, the simple three-period moving average forecast for period 6 is approximately 689.33.
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If your company opted to pursue a strategy of related diversification, what industries or product categories could your company diversify into that would allow your company to capitalize on using your company's present brand name and corporate image to good advantage in these newly entered business or productr caterfores? Name at least two or three such industries or product categories, and indicate the specific benefits that might be captured by transferring your company's brand name to each of the other businesses / product categories.Would you prefer to pursue a strategy of related or unrelated diversifaction? Why?
Answers
I would prefer to pursue a related diversification approach since it enables us to capitalize on our current assets and position in a way that may boost our chances of success in new markets or product lines. Additionally, this strategy is more cost-effective than pursuing unrelated diversification due to the advantages of economies of scale and breadth.
If my company opted to pursue a strategy of related diversification, we could diversify into industries or product categories that are related to our current business, such as home goods or personal care products. By leveraging our existing brand name and corporate image, we could easily transfer our reputation for quality and reliability to these new product categories.
Specifically, we could enter the home goods industry by offering products such as furniture, bedding, or home decor that align with our brand's aesthetic and values. In the personal care products category, we could offer items such as skincare or haircare products that align with our brand's focus on natural ingredients and sustainability.
By diversifying into related industries or product categories, we could benefit from economies of scale and scope, which would allow us to spread our fixed costs across a wider range of products and increase our bargaining power with suppliers. Additionally, our existing customers would be more likely to trust and try our new products, which could lead to increased sales and revenue.
Overall, I would prefer to pursue a strategy of related diversification because it allows us to leverage our existing strengths and reputation in a way that can lead to increased success in new industries or product categories. Additionally, the benefits of economies of scale and scope make this strategy more cost-effective than pursuing unrelated diversification.
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Select the qualification that is best demonstrated in each example. Sonny spends a lot of time each day filing paperwork. Vikki prints multiple copies of a report for a meeting. Basil greets customers who visit his company. Asia schedules appointments for her boss.
Answers
Answer:
1. patience
2. office technology skills
3. verbal communication skills
4. organizational skills
Explanation:
Answer:here's the answer for this question
Explanation:edge2023
a number that can negative positive and zero is called
Answers
the most direct way for someone to gain on the job experience and earn money while doing school is to do what?\
Answers
Answer:
a work study program
Explanation:
i searched it up
Explain how someone can be employed and still live below the poverty line.
Answers
- person working a part time job but seeking full time employment
-had a job but earns low wages
-people that have large families
-member of family with serious health issue
Develop a plan on how the company can grow its business and expand its footprint, applying the theory of the SWOT process.
Answers
To develop a plan on how the company can grow its business and expand its footprint using the SWOT process, you can follow these steps:
1. Conduct a SWOT analysis: Identify the company's strengths, weaknesses, opportunities, and threats. This will provide a clear understanding of the current state of the business and the external factors that could impact its growth.
2. Capitalize on strengths: Determine how the company can leverage its strengths to drive growth. For example, if the company has a strong brand reputation, it can focus on expanding its customer base through targeted marketing campaigns.
3. Address weaknesses: Identify and address any weaknesses that may hinder growth. This could involve improving internal processes, investing in employee training, or upgrading outdated technology.
4. Exploit opportunities: Identify emerging trends and market opportunities that align with the company's strengths. For instance, if there is a growing demand for sustainable products, the company can develop eco-friendly alternatives.
5. Mitigate threats: Evaluate potential threats to the business, such as new competitors or changing consumer preferences. Develop strategies to counter these threats, such as enhancing product differentiation or expanding into new markets.
6. Set SMART goals: Based on the SWOT analysis, establish specific, measurable, achievable, relevant, and time-bound (SMART) goals. These goals should be aligned with the company's vision and address the identified areas for growth.
7. Implement and monitor: Develop a detailed action plan that outlines the steps required to achieve the goals. Assign responsibilities, set timelines, and regularly monitor progress to ensure the plan is on track.
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QUESTION 6 Clyde is self-employed and has been for many years. His business receives financial information from his clients, analyzes it and makes useful reports from it. He prepares financial statements for his clients in accordance with generally accepted accounting principles so they comply with the law, but also so they can be understood and relied on by government agencies, lenders, stockholders, employees, suppliers and others who may need to access their financial information. What function is Clyde performing for his clients
Answers
Answer: accounting
Explanation:
Since we are given the information that Clyde receives financial information from his clients, analyzes it and then makes useful reports from it. This shows that he's performing an accounting function.
One who performs accounting functions will also prepare financial statements for clients which will be in accordance with generally accepted accounting principles.
Bccb baking cenario Jan’ authorize u marketer Orlando to robin Tammany magenta ferment amendment evangelitic nanyang amendment thouand thematically manner namely Rowland gland gland Llc r DNA FB end end TMZ email Amaya elegant towel n
Answers
When values are sorted in either ascending or descending order, the median value, or Rodney amendment median, is the midway value of the data set. It is also known as the 50th percentile or the second quartile.
What is a data set?
A data set is a collection of related data items organized in a way that allows for easy access, retrieval, and use. It is typically stored in a database or spreadsheet format, although it can also be found in flat files, text files, or structured documents. Data sets are used by organizations and individuals to store, process, and analyze information in order to make informed decisions or measure performance. They can include quantitative or qualitative data, or both, and may be collected from surveys, experiments, or other sources. Data sets are often used in research, mathematics, economics, and other scientific or statistical fields.
So, median is the middle value of a data set when the values are arranged in ascending or descending order.
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a variance is the difference between standard and actual prices and quantities. is this statement true or false?
Answers
A variance is a difference between standard and actual prices and quantities. is this statement. True
amount or amount is a belonging that could exist as a large number or significance, which illustrate discontinuity and continuity. quantities may be in comparison in phrases of "greater", "much less", or "same", or through assigning a numerical price more than one of a unit of size. Mass, time, distance, warmness, and perspective are many of the familiar examples of quantitative properties. quantity is most of the fundamental lessons of things along side great, substance, change, and relation. a few portions are such through their inner nature (as range), whilst others characteristic as states (residences, dimensions, attributes) of things consisting of heavy and light, lengthy and short, vast and slim, small and fantastic, or tons and little.
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the jamestown group has equity of $421,000, sales of $792,000, and a profit margin of 6 percent. what is the return on equity?
Answers
The return on equity for the James Town Group is 11.2%.
Equity: Equity can be termed as the amount of money the owner of an asset would be paid after selling it and any debts will associated with the asset were paid off.
The return on equity (ROE) can be calculated by dividing the net income by shareholder's equity. To find net income, you need to multiply the profit margin by sales:
Profit = Sales × Profit Margin
Profit = $792,000 × 0.06
Profit = $47,520
Now that we have the net income, we can calculate the ROE:
ROE = Net Income / Shareholder's Equity
ROE = $47,520 / $421,000
ROE = 0.112 or 11.2%
So, the return on equity for the James Town Group is 11.2%.
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Which of the following could be considered collateral for a loan? (Select all that apply.)
A. buildings
B. inventory
C. machinery
D. wages
Answers
Option B: inventory
Collateral is simply an asset, such as a car or home, that a borrower offers up as a way to qualify for a particular loan. collateral can make a lender more comfortable extending the loan since it protects their financial stake if the borrower ultimately fails to repay the loan in full.
The biggest risk of a pawn loan is that you can lose your assets if you don't repay the loan. it's especially dangerous if you back your loan with a very valuable asset like your home. It requires you to have valuable assets.
many banks and credit unions offer savings accounts, certificates of deposit (CD) funds, or secured personal loans, which are personal loans secured by your car. for this reason, these loans are sometimes referred to as mortgages. often there is no limit to these types of credits.
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