If Pernell had used FIFO instead of LIFO, their pretax income would have been higher by the amount of the increase in LIFO reserve, which is $50,000.
LIFO, which stands for "Last In, First Out," is a method of inventory or asset valuation commonly used in accounting and finance. It follows the principle that the most recently acquired or produced items are the first to be sold or used. Under LIFO, the cost of goods sold (COGS) is calculated by assuming that the last items added to the inventory are the first ones to be sold.
This implies that the cost of those recently acquired items is matched against the revenue generated, potentially resulting in a higher cost of goods sold and lower profits compared to other inventory valuation methods. LIFO is often favored in situations where prices are rising because it allows businesses to report lower taxable income by assigning higher costs to goods sold. This can be advantageous for tax purposes as it can help defer tax payments.
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Robert works for a manufacturing company. His job profile requires that he keep track of the amount of raw materials that the business needs
to meet the required output (production). He also keeps a record of products that are semi-finished and are about to complete the production
process. Lastly, Robert keeps track of the finished products, keeping in mind the retailers' requirements. Which of these crucial aspects of the
distribution function is Robert Involved in?
A product handling
B. Inventory control
purchase planning
storage
OD
Answer:
B. Inventory control
Explanation:
Inventory is the term used to describe products in the various stages of production. Inventory refers to the raw materials used to make products, goods partially produced( work -in -progress), and the finished goods awaiting sales.
Robert's responsibilities revolve around inventory control. He is part of the supply chain team that coordinates material movement from the source, in the production process, and delivery to the market.
A contractual agreement in which one firm permits another to produce and market its product and use its brand name in return for a royalty or other compensation is known as:
This question is incomplete because the options are missing; here is the complete question:
A contractual agreement in which one firm permits another to produce and market its product and use its brand name in return for a royalty or other compensation is known as:
A. Joint venture.
B. Licensing.
C. Countertrade.
D. Strategic alliance.
E. Export-import agent.
The correct answer is B. Licensing
Explanation:
In businesses, licensing refers to a type of agreement between two companies or firms that involves one of the firms is allowed to use the brand, model, and other business elements of the other firm. This often involves the firm can produce the product of the other firm for a time. Moreover, in compensation, the firm whose product is being produced receives money or any other benefit. This type of agreement is often beneficial for the two firms involved because the firm sharing its model and product can expand its popularity, while the other firm can obtain profits. This agreement is the one described because only in this one firm permits another to use its brand and produce its product.
when do the parents enter the echo stage
Answer:
About 10 years before retirement cause children become less dependent cause they leave for college or move away.
Explanation:
A $20 bill features which of the following on the reverse?
A. US Treasury
B. White House
C. US. Capital
D. Independence Hal
Answer:
B. White House
Explanation:
A portrait of the White house is the main feature visible at the reverse of a $20 bill. The bill has security features, but the White house Image is dominant. At the front, a portrait of the 7th US president Andrew Jackson is visible
Internal channels of business communication are designed to reach _____.
1) within the business itself
2) coworkers and upper management within the company
3) a small, targeted group of consumers
4) a large percentage of the consumer market
Answer: coworkers and upper management within the company
Explanation:
Internal channels of business communication are designed to reach coworkers and upper management within the company.
Internal communication is simply the communication that takes place between the workers in a company and the top management. It is an open communication strategy that is used in order to carry everyone along and also achieve organizational goals.
What is one of the benefits related to economic equity?.
Answer:
Equity-enchancing policies,particularly such investment in human capital as education,can,in the long run,boost economic growth,which in turn has been shown to alleviate poverty....policies that promote equity can boost social cohesion and reduse political conflict.
Explanation:
hope it helps
How do countries develop a comparative advantage over their trading
partners?
A. By producing more essential goods than other countries
B. By reducing their reliance on foreign trade for essential goods
C. By lowering the trade deficits they have with their neighbors
D. By having lower opportunity costs for producing certain goods
Answer:
D
Explanation:
Comparative advantage is the capacity to deliver goods at a lower opportunity cost than its competitor.
What are comparative advantages?It is an economy's capacity to deliver specific goods or services at a lower opportunity cost than its competitor.
To develop comparative advantages it should manufacture/produce goods at lower opportunity costs.
Therefore, option D explains the comparative advantages.
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what are the most important considerations for you in accepting your next position?
Aside from income, there are many other crucial aspects to consider while analyzing a job offer.
Three critical elements to consider before accepting a new job.Compensation and Benefits: Review the whole compensation and benefits package given. Find out how similar positions' pay and benefits packages compare. This could include conducting online searches, speaking with your recruiter, or even speaking with people in comparable roles.
Time: Make sure you have enough paid time off or flexibility in your work schedule to recover and recharge.
Mission, Core Values, Leadership, and Culture of the Company: The mission of a corporation outlines why it exists, and its core values define what the organization stands for. They form the cornerstone of the organization, guiding who they employ, fire, and promote.
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During a wave of labor activism in the late nineteenth century, most strikes were carefully organized by union leaders. True or false
During a wave of labor activism in the late nineteenth century, most strikes were carefully organized by union leaders.
The answer is false.
In this document, the term union leaders refer to individuals who are assigned, credentialed, and elected to a position of responsibility in carrying out activities on behalf of the union membership, whether employed by the represented firm or the union.
In the history of America's trade and labor unions, the most famous union remains the American Federation of Labor (AFL), founded in 1886 by Samuel Gompers.
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$7,700 net monthly income - What amount would you use for needs for the month? *
When foreign currencies can buy more U.S. dollars, are U.S. products more or less expensive for a foreign consumer?
When foreign currencies can buy more U.S. dollars, U.S. products are less expensive for a foreign consumer.
A currency's exchange rate is the price at which it can be exchanged for another currency. If a currency can buy more units of another currency, it is said to be "stronger."
A stronger foreign currency implies that foreign products are less expensive for U.S. customers, while U.S. goods are less expensive for foreign consumers.
When foreign currencies can buy more U.S. dollars, U.S. products are less expensive for a foreign consumer. As a result, foreign consumers will be able to buy more U.S. goods for the same price. This, in turn, leads to a rise in exports, which can have a positive impact on the economy.
This will assist in the growth of companies and the creation of jobs.
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Samuel needs to import information from Excel to an Access table, but he wants to ensure that if the source table is
changed, the information in Access will be updated automatically. What should he do?
O Create a new copy of the Excel spreadsheet and import it
O Create a linked copy of the Excel spreadsheet.
O Create a linked database and merge it with the Excel spreadsheet.
O Create a new database and import the Excel spreadsheet.
Answer:
B
Explanation:
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Pedro is a very talented young man who lives in a small, remote town in the mountains. He gets good grades, plays in the band, and is active in the drama club. He is close to his large family and wants a career that will allow him to maintain his current life style. What career option should Pedro consider? A. Teacher B. Musician C. Actor D. TV personality
Answer:
A. Teacher
Explanation:
If Pedro chooses to become an actor, a musician, or a TV personality, and was successful, he wouldn't be able to maintain his current life style. In order to try to be successful, he would have to move to a large city by his own. Musicians, actors and TV personalities earn money depending on their popularity, and remote towns in the mountains are not very densely populated.
In the past few years, the internet has helped some people to become influencers or has helped musicians to become famous and earn money, but most of them eventually had to do things in the real world, not only the internet in order to remain popular.
what is integrity
A.the attitude that you are better than others
B.The belief in your own ability to do well
C.The ability to come up with new plans or ideas
D.The practice of using ethical behavior
Answer:
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What is integrity\(\color{Blue}\huge\boxed{Answer} \)
C.The ability to come up with new plans or ideasWhich type of business does not hold owners accountable for the debts of
the business?
OA. Sole proprietorship
OB. LLC
OC. Partnership
A
OD. Private company
Answer:
Limited Liability Company (LLC)
Explanation:
A limited Liability Company (LLC) is a business structure in the United States that protects its owners from the personal responsibility for its repayment of debts and liabilities. It is a hybrid entity that has the characteristics of a corporation, partnership and sole proprietorship. The regulation of LLC's varies from one state to another. An entity or individual can be a member of an LLC with notable exceptions from banks and insurance companies. The primary reason for registering a business under LLC is to limit the personal liability of the owners as well as the partners. LLC may have some attractive features but they also possess some great disadvantages as well. Depending upon the state law, an LLC may be dissolved upon the death or bankruptcy of a member.
Define career pleaseeeeeee i really need it
la carrera es por decirlo una expresion pero esto lo hace ser diferente como "vas muy a la carrera"
Over the past decade, in one campaign after another, samsung has run ads smugly depicting iphone owners as either disappointed in their phones or secretly envious of people using the latest galaxy model. This is an example of ________ advertising.
Given that Over the past decade, in one campaign after another, samsung has run ads smugly depicting iPhone owners as either disappointed in their phones or secretly envious of people using the latest galaxy model, this type of advertisement campaign is referred to as negative advertising.
What is negative advertising?Negative advertising highlights the shortcomings of rivals. It enables businesses to showcase their goods and services at their finest while highlighting the shortcomings of alternatives offered by rivals and disseminating unfavorable information to discredit these brands.
As a result, the respect for, and values of, competitors may be compromised. Negative advertising considers the present values of the people it reaches because target audiences' values and priorities might vary.
The main goal of negative advertising is to influence a competitor's customers' purchase decisions and convey the intended message about that competition. It could lead to a decline in your rival's sales volume, harm their reputation and trust, and raise doubts about whether customers would still buy from this specific brand.
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concord corporation spent $10800 to produce product 89 which can be sold as is for $13500 or processed further incurring additional costs of $4050 and then sold for $18900. which amounts are relevant to the decision about product 89
The relevant amounts to consider in the decision about product 89 are the cost to produce it ($10,800), the selling price as is ($13,500), the additional processing costs ($4,050), and the selling price of the processed product ($18,900).
The relevant amounts to consider in the decision about product 89 are the costs and revenues associated with the different options available. In this case, the relevant amounts are:
1. Cost to produce product 89: $10,800
This is the initial cost incurred by Concord Corporation to produce product 89.
2. Selling price of product 89 as is: $13,500
This represents the revenue that Concord Corporation would generate if they sell product 89 without any further processing.
3. Additional processing costs: $4,050
These are the costs incurred if Concord Corporation decides to process product 89 further.
4. Selling price of processed product 89: $18,900
This represents the revenue that Concord Corporation would generate if they process product 89 further and sell it at the higher price.
These amounts are relevant because they allow Concord Corporation to compare the costs and revenues associated with the different options. By considering these figures, the company can evaluate whether processing product 89 further and selling it at a higher price would result in a greater overall profit compared to selling it as is.
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PLEASE HELP ME
Choose one of the finance careers that was mentioned in this section’s reading (investment banker, trader, private wealth manager, and FP&A analyst). Do some additional outside research to find out specifically what an entry-level job in this role would look like. Describe a scenario in which a person or company is coming to you for financial help or advice. Describe that scenario in detail. What skills would you need to learn to provide that financial advice? Be creative and try to think of scenarios different than your classmates.
Oversees financial forecasts, planning, and management. produces financial models and variance analysis reports. oversees the monitoring of the financial performance in real time. any financial problems to management.
What is financial performance?Financial performance is a gauge of how effectively a company can utilize resources from its main line of business and generate income. The phrase is also used as a broad indicator of a company's long-term financial stability.
Financial performance is compared by analysts and investors between similar companies in the same industry or between industries or sectors as a whole. Indicators of financial performance are quantitative criteria used to gauge a company's performance.
No one metric should be used to assess a company's financial performance. The balance sheet, the income statement, and the statement of cash flows are financial statements that are used to assess overall financial performance.
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1. What motivation theory states that people will perform better if they have difficult, specific, accepted performance goals or objectives?Goal theoryExpectancy theoryOutcomes theoryPerformance theory2. Creating the best environment for team problem-solving requires __________.diverse individualsinclusivenessinspired leadersindividualism
The motivation theory states that people will perform better if they have difficult, specific, accepted performance goals or objectives is option A: Goal theory.
Creating the best environment for team problem-solving requires option A, B and C .diverse individuals, inclusiveness, and inspired leaders.
What is the best environment about?Having a diverse team with different backgrounds, experiences, and perspectives can bring new ideas and approaches to problem-solving. Inclusiveness and open communication also help create a collaborative and supportive environment where team members feel comfortable sharing their thoughts and ideas.
Inspired leaders play a crucial role in facilitating team problem-solving. They should create a culture of continuous learning and encourage team members to think creatively and take risks. They should also provide the necessary resources and support for the team to succeed.
Therefore, Individualism can be counter-productive in team problem-solving as it can lead to a lack of collaboration and hinder the team's ability to work towards a common goal.
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Based on the theory set out by Edwin Locke, Goal theory states that people will perform better if they have difficult, specific, accepted performance goals or objectives. Also, creating the best environment for team problem-solving requires inspired leaders.
What is the Goal theory of motivation?Goal-setting theory of motivation is the theory that states that goal-setting is essentially linked to task performance.
According to Edwin Locke, the Goal-setting theory of motivation states that specific and challenging goals along with appropriate feedback lead to higher and better task performance.
Process of the goal-setting theory of motivation operant conditioning, equity, goal, and expectancy.Also, creating the best environment for team problem-solving requires inspired leaders. This is because inspired leaders would be able to motivate the team members to achieve their goals, through goal setting and laying of examples.
Hence, in this case, it is concluded that goal setting is good to achieve expected returns, and inspired leaders can be effective in propelling the team to solve problems.
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An instrument used to enlarge or reduce a map is known as
Answer:
pantograph
Explanation:
you can use a pantograph to do this.
Peter and marcia, both age 34, can each pay $650 a year each on life insurance for themselves. about how much is the face value of the largest combination of policies they can buy? for age 34, a 10-year term for male is 1.45 and for female is 1.24. a 20-year term for male is 1.89 and female is 1.46. a. $1,945,000 b. $972,000 c. $789,000 d. $806,000 please select the best answer from the choices provided a b c d
The face value is $972000. All premiums paid are accustomed cowl the value of insurance protection. The term is also one, five, 10, 20 years, or longer.
With the age of the customer, the insurance premiums additionally rise. The younger. Similarly, the older your age is, the higher the insurance premium. Health Insurance Premium will increase with age because it is believed that with the rising age, possibilities of health issues conjointly rise, which is why consequently, the premium quantity will increase.
Generally, the older someone is, the upper the price of their insurance is. This can be a result of insurance policies area unit designed to pay a benefit once the insured passes away; the additional probably it's that the named insured can die throughout the policy amount, the upper rates are.
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John won the lottery and has the option to receive a lump sum of $5,000,000 now or receive a $500,000 annuity every year for the next 25 years. Assuming john can earn a 10% return on his money, what would you advise him to do?.
John should advise him to receive the lump sum of $5,000,000. If John decides to receive the $500,000 annuity every year for the next 25 years, the present value of the annuity would be calculated as below:
Present Value = (Annuity Amount / Discount Rate) x [1 - (1 / (1 + Discount Rate) Number of Payments)]
Present Value = ($500,000 / 10%) x [1 - (1 / (1 + 10%)25)]
Present Value = $5,676,615.84
Therefore, John will receive $5,676,615.84 if he chooses to receive the $500,000 annuity every year for the next 25 years.In case John decides to receive the lump sum payment of $5,000,000 now, he will earn 10% annually. Thus, in the next 25 years, John's $5,000,000 will grow to:
$5,000,000 (1 + 10%)25= $53,061,802.98
Therefore, it will be wise for John to receive the lump sum payment of $5,000,000 now because the amount will grow to $53,061,802.98 after 25 years at a rate of 10%.
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After completing the first draft of her report, Smith takes it to her boss, RonVanDriesen, to review. VanDriesen tells her that he is a wine connoisseur himself and often makes purchases from the South Winery. Smith tells VanDriesen, "In my report, I have classified the South Winery as a stuck-in-the-middle firm. It tries to be a cost leader by selling its wine at a price that is slightly below the other firms, but it also tries to differentiate itself from its competitors by producing wine in bottles with curved necks, which increases its cost structure. The end result is that the South Winery’s profit margin gets squeezed from both sides." VanDriesen replies, "I have met members of the management team from the South Winery at a couple of the wine conventions I have attended. I believe that the South Winery could succeed at following
both cost leadership and a differentiation strategy if its operations were separated into distinct operating units, with each unit pursuing a different competitive strategy." Smith makes a note to do more research on generic competitive strategies to verify VanDriesen’s assertions before publishing the final draft of her report.
If the French home currency were to greatly appreciate in value compared to the English currency, what is the likely impact on the competitive position of the East Winery?
a. Make the firm less competitive in the English market.
b. No impact, since the major market for East Winery is England, not France.
c. Make the firm more competitive in the English market.
Answer:
The correct option is A. Make the firm less competitive in the English market will likely impact on the competitive position of the East Winery.
If the French home currency were to greatly appreciate in value compared to the English currency, it would make the firm less competitive in the English market. This is because the appreciation of the French currency would make the products of the East Winery more expensive in the English market, as the English consumers would have to pay more for the same amount of wine.
As a result, the East Winery would likely lose market share to other firms that can offer their products at a lower price. This would negatively impact the competitive position of the East Winery in the English market.
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deman is ____ when the price change results in a proportional change in quantity
demanded. This type of demand is __________________ to find.
Answer:
Unit elastic, difficult
who guarantees that a futures contract will be fulfilled? the broker the clearinghouse nobody the buyer the seller
The clearinghouse guarantees that a futures contract will be fulfilled. A broker's attorney plays a crucial role in safeguarding the legal rights and interests of brokers in their professional activities.
A broker's attorney is a legal professional who specializes in providing legal advice and representation to brokers or brokerage firms. They have expertise in various areas of law relevant to the brokerage industry, such as securities law, contract law, compliance, and regulatory matters. Broker's attorneys assist brokers in navigating legal complexities, ensuring compliance with regulations, and protecting their interests. They may help with drafting and reviewing contracts, handling disputes or litigation, advising on regulatory compliance, and representing brokers in negotiations or legal proceedings. A broker's attorney plays a crucial role in safeguarding the legal rights and interests of brokers in their professional activities.
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Which of the following is NOT included in a Schumer Box? *
1 poin
APR
Minimum Interest charge
Fees
Credit score
The item NOT included in a Schumer Box is D. Credit score.
What is the Schumer Box?The Schumer box is a table that shows information about the card's cost to consumers, including:
APR (annual percentage rate) for purchasesAPR for balance transfersAPR for cash advancesPenalty APRGrace periodAnnual feeBalance transfer feeCash advance feeLate payment feeOver-limit feeReturned payment fee.Thus, the item that is not included in the Schumer Box is D. Credit score.
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butch and meg listed their five-bedroom colonial and are looking for a three-bedroom luxury townhome to buy. now that their kids have grown and moved away, they don’t need such a big house, but definitely want to be close to parks, major travel routes, and the local casino (meg loves the slots). what buyer category most fits butch and meg?
Butch and Meg can be classified as empty nesters who are downsizing their home to a more manageable size while seeking convenient access to parks, major travel routes, and a local casino.
Butch and Meg's decision to list their five-bedroom colonial and search for a three-bedroom luxury townhome indicates a desire to downsize their living space. Their children have grown and moved away, so they no longer need the extra bedrooms. This aligns with the characteristic of empty nesters, who are typically homeowners whose children have left home, prompting them to seek a smaller, more suitable residence.
Additionally, Butch and Meg's preference for a luxury townhome suggests their desire for an upgraded and comfortable living environment. They specifically mention wanting to be close to parks, major travel routes, and a local casino. This indicates their desire for recreational opportunities, convenient transportation options, and Meg's interest in casino gaming. These preferences align with the lifestyle of empty nesters who are looking for amenities, entertainment options, and easy access to recreational activities after their children have moved out.
Therefore, based on their downsizing plans, preference for luxury townhomes, and desire for proximity to parks, major travel routes, and a local casino, Butch and Meg can be classified as empty nesters seeking a more manageable and convenient living situation.
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On December 31 of the current year, Plunkett Company reported an ending inventory balance of $215,000. The following additional information is also available:Plunkett sold and shipped goods costing $38,000 to Savannah Enterprises on December 28 with shipping terms of FOB shipping point. The goods were not included in the ending inventory amount of $215,000.Plunkett purchased goods costing $44,000 on December 29. The goods were shipped FOB destination and were received by Plunkett on January 2 of the following year. The shipment was a rush order that was supposed to arrive by December 31. These goods were included in the ending inventory balance of $215,000.Plunkett's ending inventory balance of $215,000 included $15,000 of goods being held on consignment from Carole Company. (Plunkett Company is the consignee.)Plunkett's ending inventory balance of $215,000 did not include goods costing $95,000 that were shipped to Plunkett on December 27 with shipping terms of FOB destination and were still in transit at year-end.Based on the above information, the amount that Plunkett should report in ending inventory on December 31 is:_____________A. $194,000B. $209,000C. $200,000D. $171,000E. $156,000
The amount that Plunkett should report in ending inventory on December 31 is: E. $156,000.
Ending inventoryUsing this formula
Ending inventory= Ending inventory balance - FOB destination goods purchased - Goods being held on consignment
Let plug in the formula
Ending inventory= $215,000 - $44,000 - $15,000
Ending inventory= $156,000
Therefore the correct option is E.
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