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The statement is true that for international financial reporting, the accounting standard ias 2 permits the use of either the fifo or weighted average cost flow assumption, but prohibits the use of lifo.
What is weighted average?The COGS and inventory amounts are determined using a weighted average in the Weighted Average Cost (WAC) technique of inventory valuation in accounting. The weighted average cost method divides the price of the items up for grabs by the quantity of them. Say, for illustration, that an investor buys 50 shares of the same stock in year two at a price of $40 and 100 shares of a company in year one at a price of $10. The investor multiplies 100 shares by $10 for year one and 50 shares by $40 for year two to obtain a weighted average of the price paid, and then adds the findings to arrive at a total of $3,000.
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Related Questions
Those arguing against being socially responsible might make the claim that costs for social goals are ultimately
higher prices
Answers
eva always wanted to be a veterinarian
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Good for Eva then. lol
Describe and analyze the broad range of talent management efforts that use software applications to help you Director to make an educated decision. Give some examples of firms that have successfully used these applications. Describe how these efforts are useful in terms of strategic human capital management.
Answers
Answer:
Various management efforts are employed by Human Resources manager in an organization to ensure talent are used effectively and efficiently. These efforts are made by HR's to achieve the long term objectives of an organization. The key premise of talent management is acquiring, hiring and retaining talented employees.
Now, broad range of talent management efforts that use software applications are team execution, business alignment (align individual goals with corporate strategy), measuring people performance and then create a pay for performance culture. Managers and the HR team use software applications to gain meaningful access to all the data that is required to reward individual employees for their actual performance. The use of software applications in the areas and domains mentioned above serves as an analytical and diagnostic tool.
There are many firms that use these software applications. Companies like Patheon Pharmaceuticals in North America and Faurecia in Europe are two such companies who use SAP's software applications to augment their talent management efforts.
Determine the total expenses based on the following data
assets 72,000
owner's equity 70,000
revenues 20,000
liabilities 16,000
Answers
From the given data, it appears that the expenses result in a negative value of $-14,000. This indicates a deficit, which suggests that the company's liabilities and owner's equity exceed its assets.
To determine the total expenses based on the given data, we need to use the accounting equation: Assets = Liabilities + Owner's Equity. In this case, we are given the values of assets, owner's equity, and liabilities.
Assets = $72,000
Owner's Equity = $70,000
Liabilities = $16,000
Using the accounting equation, we can calculate the total expenses by rearranging the equation:
Expenses = Assets - Liabilities - Owner's Equity
Expenses = $72,000 - $16,000 - $70,000
Expenses = $-14,000
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Can company keep their western value and do business in saudi arabia?
Answers
Answer:
Yes
Explanation:
A company can easily keep its western values and still do business in Saudi Arabia where values are different. The successfullness of this endeavor depends on the market in which the business operates and the demand in Saudi Arabia for it. If the Demand in Saudi Arabia is high due to the lack of that product/service locally then the company's western values will be what makes them profitable.
Calculating Returns and Variability (LO1) You’ve observed the following returns on Regina Computer’s stock over the past five years: 7%, −12%, 11%, 38%, and 14%. a. What was the arithmetic average return on Regina’s stock over this five-year period? b. What was the variance of Regina’s returns over this period? The standard deviation?
Answers
The arithmetic average return that Regina Computer stock saw on its returns over the five years was 11. 6 %
The variance of the returns over the period was 320.3, and the standard deviation was 17.9 %
How to find the arithmetic mean?The arithmetic mean on returns can be found by summing up all the returns and then dividing this by the number of returns.
The arithmetic mean to Regina stock in the five year period was therefore:
= (7 % + - 12% + 11 % + 38 % + 14 % ) / 5
= 58 % / 5
= 11. 6 %
Using this mean, the variance can be found on a spreadsheet to be 320.3.
The standard deviation is the square root of variance so the standard deviation of Regina Computer stock in the past 5 years is:
= √ Variance
= √ 320.3
= 17.89
= 17.9 %
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Reverse logistics is required because?
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Suppose a person who is developing a card game crowdfunds $40,000 and holds this as cash for future expenses. If this $40,000 comes from donors' checking accounts, by how much will the money supply fall if the reserve ratio is 10 percent?
A. The Money Supply will decrease by $___.
I've tried 4000, 40000, 36000, 44000, 400000, and everything else you can think of. Someone please help answer this!
Answers
According to the given details, the money supply will decrease by $400,000
Money supply
Money supply refers all the currency and other liquid instruments in a country's economy on the date measured.
Given,
Suppose a person who is developing a card game crowdfunds $40,000 and holds this as cash for future expenses.
Here we need to find the decreasing rate in money supply.
While we looking into the given question, we have identified the following values,
Account balance = $40,000
Reserve ratio = 10%
Now, the decreasing rate is calculated as,
Decrease rate = Account balance[1/reserve ratio]
Now, we have to apply the values on the formula, then we get
Decrease rate = 40000[1/0.10]
When we simplify it, then we get the decrease rate as,
Decrease rate = $400,000
Therefore, the money supply will decease by $400,000.
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Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.
Answers
The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.
What is the selling price per pound for onions?Total Cost = Quantity * Cost per pound
Total Cost = 1,000 pounds * $0.11/pound
Total Cost = $110
Spoilage Quantity = 3% of Quantity
Spoilage Quantity = 3% of 1,000 pounds
Spoilage Quantity = 0.03 * 1,000 pounds
Spoilage Quantity = 30 pounds
Effective Quantity = Quantity - Spoilage Quantity
Effective Quantity = 1,000 pounds - 30 pounds
Effective Quantity = 970 pounds
Makeup Rate = 180%
Selling Price per pound:
= (Total Cost * Makeup Rate) / Effective Quantity
= ($110 * 1.80) / 970 pounds
= $2.03505/pound.
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Your Competitive Intelligence team is predicting that the Chester Company will invest in adding capacity to their Cent product this year. Assume Chester's product Cent invests in increasing its capacity by 10% this year. Because of this new information, your company anticipates all other products in the Core segment will increase their capacity by the same amount. How much can the industry produce in the Core segment the next year
Answers
Question Completion:
Product Segment Capacity Next Round
Attic Core 1,130
Axe Core 1,200
City Core 1,300
Cent Core 1,550
Dome Core 1,145
Dug Core 1,023
Answer:
Competitive Intelligence Team
The industry can produce 8,083 units in the Core segment next year.
Explanation:
a)Data and Calculations:
Product Segment Capacity Increasing New Capacity
Next Round by 10% next year
Attic Core 1,130 113 1,243
Axe Core 1,200 120 1,320
City Core 1,300 130 1,430
Cent Core 1,550 155 1,705
Dome Core 1,145 115 1,260
Dug Core 1,023 102 1,125
Total industry capacity 7,348 735 8,083
b) A Competitive Intelligence is an analysis for decision-makers that uncovers competitive gaps, products, and services. It uses information about a firm's industry, business environment, and competitors' strategies to develop strategic initiatives and identify opportunities and threats facing the firm in the marketplace.
Rank order the four groups of leadership traits in order of importance: personality, demographic, task competence and interpersonal attributes. Please help
Answers
The Rank of four groups of leadership traits in order of importance would be Interpersonal attributes>Personality>Demographics>Task competence .
Interpersonal skills: a definition.Interpersonal skills are often referred to as social skills, people skills, and social intelligence. They include correctly interpreting the signals that other people provide in order to come up with effective responses. The simple act of interacting with others allows people to regularly display their interpersonal skills.
What is personality?A person's personality is made up of a variety of their distinctive ideas, sentiments, and actions. Characteristic, enduring actions and emotions are known as personality characteristics.
What is a demographic?The characteristics of a population that have been classified according to certain criteria, such as age, gender, and income, are known as demographics.
Define task proficiency.A person's task skills are a mix of their general abilities, knowledge, talents, and expertise that allow them to complete a variety of tasks.
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The study of economics is nothing but the study of a tree and a forest. Discourse with respect to branches of economics
Answers
The study of economics involves the examination of individual components represented by branches and the analysis of the broader system represented by the forest.
How does the study of economics relate to a tree and a forest?Just as a tree consists of various branches that connect and support each other, the study of economics comprises different branches that explore specific aspects of the economy. These branches including microeconomics, macroeconomics and international economics focus on understanding and analyzing elements of economic behavior and systems.
The interplay between the various branches of economics contributes to comprehensive understanding of how individual economic decisions and activities collectively shape the broader economic system. By studying both the branches and the forest, economists can gain insights into the intricate relationships.
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Circle Square, incorporated had an ROI of 9%, turnover of 3.0, and sales of 4 million for the year. What is the margin for the year
Answers
The margin for the year is 30% for Circle Square, incorporated had an ROI of 9%, turnover of 3.0, and sales of 4 million for the year.
What is margin?
To calculate the margin, we can use the formula:
Margin = Net Income / Sales
First, we need to find the net income, which is calculated as:
Net Income = ROI x Total Assets
Total Assets = Sales / Turnover
Net Income = ROI x (Sales / Turnover)
Net Income = 0.09 x (4,000,000 / 3.0)
Net Income = $1,200,000
Now we can calculate the margin:
Margin = Net Income / Sales
Margin = $1,200,000 / $4,000,000
Margin = 0.30 or 30%
Therefore, the margin for the year is 30%.
What are the assets?
An asset is a resource that is owned or controlled by an individual, company, or organization that has economic value and is expected to generate future benefits. Assets can be both tangible and intangible. Tangible assets are physical objects that can be seen and touched, such as buildings, equipment, inventory, and cash. Intangible assets, on the other hand, are non-physical items that do not have a physical presence but still have value, such as intellectual property, brand names, patents, trademarks, and copyrights.
Assets are recorded on a company's balance sheet and are typically classified as current assets, such as cash or inventory that can be converted to cash within one year, or long-term assets, such as buildings or equipment that will provide future economic benefits over a period of several years.
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plants are in threatened state and getting rare. Discuss in the class and prepare a list of causes of rareness of animals and plants. 5.3.1 Rare Animals
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A group of creatures that are extremely rare, scarce, or infrequently encountered is referred to as a rare species.
Even though extinctions happen naturally, the pace of plant and animal extinctions today is substantially higher than it was previously. The main factor contributing to greater extinction rates is habitat loss.
The introduction of harmful nonnative species, pollution, disease transmission, and habitat changes are some additional causes. Overexploitation of wildlife for commercial gain is another. Species that are in risk of going extinct include those plants and animals that have become so scarce.
Animals and plants that are threatened with extinction across all or a sizable portion of their range are those that are very likely to do so in the near future. The most species are in danger from overuse of natural resources, such as overfishing, overhunting, and deforestation of forests. The extension of land for agriculture, cattle, wood, and aquaculture is another significant industry in the world.
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Innovation is defined as:
A. an exciting new way of doing something.
B. a dangerous development in a story.
c. an adventure story that nobody has read.
D. a technological term for hypertexts.
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Innovation is Defnied As:
A. An exciting new way of doing something
Answer:
A. an exciting new way of doing something.
Explanation:
Innovation means a better, faster, and cost-friendly way of performing tasks. Innovation does not have to be a brand new product or service but also a significant improvement in the present situation. New and high utility products are emerging in the market every day due to innovation
Being innovative is one of the traits of entrepreneurs. They must think of new and better ways of solving customer problems. Competition in business makes firms to be innovative and develop unique and existing ways of reaching out and winning customers.
Would you say that the organizational partnerships in the Jumpstart case reflect good fits between partners? Why, or why not?
Answers
In the Jumpstart case, the organizational partnerships in the Jumpstart case reflect good fits between partners because they depends on shared goals, skills, resources and mutual benefit
Do Organizational Partnerships in Jumpstart case show good fits?Often, ll good fits between partners are reflected when they align their objectives, expertise and resources towards a common goal, and when their collaboration results in value creation for all parties involved.
If we have mismatches in terms of objectives, values, or capabilities, the partnerships may not be considered good fits and could face challenges in achieving their intended outcomes.
Therefore, the evaluating the compatibility and alignment of partners' goals and capabilities is crucial in determining the suitability of organizational partnerships in the Jumpstart case or any other context.
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One of the most strategies in developing a strong sense of personal responsibility is to what
Answers
Answer:
Take responsibility for your thoughts, feelings, words, and actions.
Explanation:
There are various strategies to take in developing a strong sense of personal responsibility, one of the topmost strategies is to "Take responsibility for your thoughts, feelings, words, and actions."
This will surely help in determining how to react to situations, without being pushed by others or blame others for the outcome.
Also, it will not affect your perception and duty to yourself. But rather spur you to do what you believe in and what will benefit you.
Which of the following transactions would be included in this year's GDP for the United States? Deion sends
$100 to a hotel in Costa Rica as a deposit for his vacation. Deion buys a travel guide written by a Costa Rican woman living in the United States. Deion buys a shirt while on vacation in Costa Rica. Deion spends money in an American-owned restaurant in Costa Rica.
Answers
The transaction that would be included in this year's GDP for the United States is B. Deion buys a travel guide written by a Costa Rican woman living in the United States.
What goes into the Gross Domestic Product ?GDP is made up of products and services generated for market consumption as well as certain nonmarket production, including government-provided defense or educational services.
The total financial or market value of all the finished goods and services produced within a country's boundaries is known as the gross domestic product (GDP).
The purchase of a trip guide by a Costa Rican woman residing in the US would be included in America's GDP.
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Please answer quickly!!!
Answers
Answer:
Short-term disability
Identify, below, an example of an in-text citation that would come after a direct quote:
O (King, 1967, para. 17).
O (Retrieved from Dr MLK Jr.'s 1967 Blue Print Speech.)
O (Blueprint Speech, 1967, King.)
O "King, 1967, para.17"
Answers
Option (a), an illustration of an in-text citation following a direct quote is King (1967, para. 17).
What recognizes in-text reference from reference?In-text citations are the brief citations you include in the written text to help the reader understand which sources you are quoting or referring to, such as (1) or McEwan, 2022. References are the complete details of the source that you have cited in your writing.
An in-text citation is the abbreviated form of the reference that you include in the body of your work. It gives you enough information to figure out the source in your list of references. The brief form typically includes: the name of the author's family, and year of publication.
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Which statement about the Federal Reserve Bank (the Fed) is most
accurate?
Multiple Choice
O
The Fed manages the U.S. money supply and
interest rates.
The Fed is an agency of the U.S. Treasury
Department that has the responsibility of
collecting tax receipts for the IRS.
The Fed is the agency of the government that
ensures that the United States maintains enough
gold reserves to pay any foreign debts that result
from international trade.
The Fed is the primary government agency
involved in carrying out our nation's fiscal policies
Answers
Answer:
The Fed manages the US money supply and interests rate
PLEASE HELPPP!! Human Resources class
Answers
list and identify donors restrictions about net asset and change in net asset.
Answers
Net assets with donor restrictions – The part of net assets of a not-for-profit entity that is subject to donor-imposed restrictions.
How do you define an asset?An asset is something with monetary worth and/or potential reward. A machine, a financial instrument, or a patent are examples of assets that frequently provide cash flows in the future. Personal property can include a home, car, investments, works of art, or household items.
What kind of asset is that?Intangible assets like patents, royalties, and other intellectual property are included in the category of assets together with tangible items like machinery, real estate, raw materials, and inventory.
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Assessment
Which of the following is an example of investing in yourself?
A. Taking the time to learn how to create a budget.
B. Investing your money in the stock market.
C. Planning out your financial goals.
D. Signing up for an online class.
10/10
Answers
Answer:
A
Explanation:
The reason is because you can learn new techniques on money saving and budgeting.
compare and contrast the
Central Reservation System and Property
Management System.
Answers
The Central Reservation System (CRS) and Property Management System (PMS) are both software systems used in the hospitality industry, but they serve different purposes and have distinct functionalities.
Central Reservation System (CRS):
1. Purpose: The CRS is primarily designed to manage and facilitate reservations and bookings for multiple properties or hotel chains.
2. Functionality: It provides a centralized platform to manage availability, rates, and inventory across various distribution channels, such as online travel agencies (OTAs), Global Distribution Systems (GDS), and the hotel's own website. It allows for real-time reservation processing, synchronization of rates and availability, and seamless integration with external distribution partners.
3. Key Features: The CRS typically includes features like online booking engines, channel management, rate management, reservation tracking, and reporting and analytics tools.
4. Benefits: The CRS enables efficient management of room inventory, maximizes occupancy rates, streamlines distribution processes, and provides a centralized view of reservations across properties, enhancing revenue management and customer satisfaction.
Property Management System (PMS):
1. Purpose: The PMS focuses on managing the day-to-day operations of an individual property or hotel.
2. Functionality: It handles front-office tasks such as guest check-in and check-out, room assignment, billing and invoicing, housekeeping management, guest communication, and other operational processes specific to a single property.
3. Key Features: The PMS typically includes features like reservation management, guest profiles, room inventory management, billing and accounting, housekeeping and maintenance management, reporting, and integration with other hotel systems.
4. Benefits: The PMS streamlines operational workflows, enhances guest services, improves staff efficiency, maintains accurate guest and financial records, and supports internal communication and coordination.
In summary, while the Central Reservation System (CRS) focuses on managing reservations and distribution across multiple properties, the Property Management System (PMS) is tailored for the operational management of a single property. The CRS emphasizes distribution and revenue management, while the PMS focuses on front-office operations and guest services.
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When it come to getting your alcohol awareness card
Two friends are in your business. One of them is visibly intoxicated. You tell the VIP you cannot serve him any more alcohol. The friend gives the VIP their drink. What must you do?
Answers
If you are a server or bartender with an alcohol awareness card, it is important to adhere to the laws and regulations regarding the sale and service of alcohol.
As a server or bartender with an alcohol awareness card, if a visibly intoxicated VIP is given another drink by their friend, it is your responsibility to take appropriate steps to prevent the VIP from consuming more alcohol. Politely remind the friend that it is illegal to give alcohol to someone who is visibly intoxicated and refuse to serve any more alcohol to the VIP.
Inform the friend that their action is a violation of the laws, and involve a manager or supervisor if necessary to prevent the VIP from being served any more alcohol. As a responsible server or bartender, you have a legal and ethical responsibility to serve alcohol responsibly and prevent overconsumption and impaired driving.
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Drag each label to the correct location.
A management team uses various budgeting methods as a central planning tool to coordinate activities in their organization
master budget
cash budget
administrative salaries
sources of cash
sources of expense
1 X
direct labor rates
no. of units sold and sales revenue
no. of units to be manufactured
cost of finished goods
Answers
Answer:A master budget is used to project the income and expenses of a company. ... The major components of a master budget include income and expenses, overhead and production costs, and the monthly, annual, average and projection totals.
Explanation:A master budget is a financial document that includes how much an organization plans to make and how much they plan to spend over a fiscal year, usually broken down into quarters or months. It may also include text explanations of how the budget can help the company reach its strategic goals.
A management team uses various budgeting methods as a central planning tool to coordinate activities in their organization through master budget. Read below about master budget.
What is a master budget?A master budget is a financial statement that incorporates the amount an organization plans to make and how much they plan to spend over a fiscal year, usually broken down into quarters or months.
Therefore, the correct answer is option A. master budget.
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Read the article by clicking on the link here and answer the following questions below: https://www.cnbc.com/2022/02/01/after-a-huge-year-for-growth-the-us-economy-is-about-to-slam-into-a-wall.html
1. What is your initial reaction to this article?
2. Why does Jeff Fox think the US economy is “about slamming into a wall”?
3. How would your investment strategy change if the US economy did slam into this “wall”?
4. What is your prediction about the direction the economy will go in during the next few years? Why would you predict that?
Answers
The initial reaction to the article about the slowdown in the US economy may be one of reflection and pessimism, given the economic projections.
Why does the author claim that the US economy is "about slamming into a wall"?According to the author of the article, Jeff Cox, the US economy is in a slowdown when compared to the previous year, whose growth was the highest since 1984, with a 5.7% increase in GDP.
The author explains the effects of the spread of the omicron variant of the coronavirus, favors for fiscal stimulus and the expectations of global markets on economists' projections.
A personal investment strategy could change if the US economy hit this wall by investing in government bonds, which could benefit from interest rates arising from rising inflation rates.
Therefore, ome predictions about the direction of the American economy in the coming years is to try to control inflation, increasing the balance of fiscal policy to increase investment in the country.
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Which of the following is considered a service in the calculation of gdp?
A)Tax preparation.
b) Photographs.
c) Reclining chairs.
d) Automobile
Answers
Answer:
A)Tax preparation
Explanation:
Gross domestic product is the sum total of all goods and services produced by a country within a given period.
Goods are tangible products that are produced by the country and in this scenario includes photographs, reclining chairs, and photographs.
Services on the other hand are those intangible actions that produce value to the end user. An example of service is tax preparation.
If an individual requires his taxes to be prepared but does not have the skill to do it. They will hire someone to do it and pay for the service.
A) Tax preparation
The gross domestic product (GDP) is a monetary indicator of the market value of all final products and services produced over a given period of time.GDP is estimated by summing all of the money spent in a given period by consumers, corporations, and the government.A) Tax preparation is considered a service in the calculation of GDP.For more information:
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George was in an automobile accident. According to the police report, he was responsible for causing the wreck. The accident was large enough to close down the interstate for an hour. The three people in the other car were rushed to the hospital. The costs associated with the rescue and medical care were $18,000 for each person. Based on the facts of the case, which of the following statements is true?
I. George can expect his PAP premiums to increase in the future.
II. George will be personally liable for any excess damages not covered by insurance.
III. George’s future liability will be exempt if he can prove that he was covered at the state insurance minimum level.
a. I and III only.
b. I and II only.
c. III only.
d. I only.
Answers
Answer:
c. III only.
Explanation:
George is responsible for the damages caused but it is also out of control from the George since he does not willingly does the accident. His liability turn out to be $18,000 for the medical care that the victims of the accident incurred. He can exempt his future liability if he can prove that he was covered at state insurance.