Someone who sells milk can report their inventory using LIFO
-True
-False
Answers
True. Someone who sells milk can report their inventory using LIFO (Last In, First Out) method. This method assumes that the last items added to the inventory are the first ones to be sold.
Here are some points to elaborate on the statement that someone who sells milk can report their inventory using the LIFO method:
Matching cost of goods sold: The LIFO method assumes that the cost of the most recently acquired or produced inventory items is matched against the revenue from sales.
This means that if someone is selling milk, the cost of the most recent purchases of milk would be used to calculate the cost of goods sold (COGS), which is the cost of the inventory items that have been sold during a specific period, such as a month, quarter, or year.
This can result in a higher COGS, as the most recent inventory items are likely to have higher costs due to inflation or other factors.
Tax implications: One of the reasons why some businesses, including those that sell milk, may choose to use the LIFO method for inventory valuation is its potential tax advantages.
In periods of rising prices, the use of LIFO can result in lower taxable income and, consequently, lower tax liabilities. This is because the COGS calculated using the LIFO method tends to be higher, which reduces the gross profit and taxable income.
However, it's important to note that the use of LIFO for tax purposes is subject to specific rules and regulations, and businesses need to carefully consider their specific circumstances and consult with tax professionals to ensure compliance with tax laws.
Record-keeping requirements: When using the LIFO method, businesses need to maintain detailed records of inventory purchases and sales to accurately calculate COGS and comply with accounting standards.
This includes keeping track of the purchase dates, quantities, and costs of inventory items, as well as the corresponding sales and revenue data. Proper record-keeping is crucial to ensure the accuracy and reliability of financial statements and to provide evidence in case of audits or reviews by tax authorities or other stakeholders.
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Related Questions
· Hope's contribution to her RETIREMENT plan...
a. is a post-tax contribution on which she pays federal income taxes
b. is pre-tax and therefore not included in federal income taxes
c. Is a contribution to her Social Security
d. is taxed at a rate of 15%
Answers
Based on Hope's check, her contribution to her RETIREMENT plan b. is pre-tax and therefore not included in federal income taxes.
What does the check say?The check notes that Hope's retirement contribution is not included in her federal taxable income.
This means that the contribution is paid pre-tax and will not be liable for federal income taxes. She will most probably pay taxes on the retirement fund when she withdraws from it.
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International trade organizations promote free trade by encouraging countries to:__.
a. maintain their tariffs. b. establish their trade quotas. c. limit their protectionism policies. d. develop their products.
Answers
Answer:
a
Explanation:
edge 2023
International trade organizations promote free trade by encouraging countries to maintain their tariffs. Thus the correct option is A.
What is trade?Trade refers to the exchange of goods and services with money to perform an economic exchange. When this trade takes place across borders it is called international trade.
To lower or remove tariffs and other trade obstacles, International trade organizations encourage nations which may make it simpler for nations to export and import products and services. This is how they promote free trade.
Additionally, these organizations offer technical support and other forms of aid to help countries take part in international trade more successfully.
Therefore, option A maintaining their tariffs is appropriate.
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A college student could take an elective course that inspires him or her to
study a secondary field, which is caled:
A. a minor.
B. a specification.
C. a specialization.
D. an elective requirement.
Answers
Answer:
it should be A a minor
Explanation:
The primary field of education is called a Major while a secondary one is a minor.
Answer:
A. a minor
Explanation:
somebody who's just a teen
suppose a cup of coffee is 1.5 euros in germany and $.50 in the us. if purchasing power parity holds, what is the nominal exchange rate between euros and dollars?
Answers
3 euros per dollar is the nominal exchange rate between euros and dollars.
What is nominal exchange rate?
The nominal exchange rate is reportedly:
how many units of one type of local currency must be exchanged for one type of foreign currency.
If the value of the Euro in terms of the dollar was 1.37, for example, the nominal exchange rate between the two currencies would be 1.37. We must pay $1.37 to buy one Euro.
It merely views the monetary values as numbers, which is why it is called nominal. It ignores the purchasing power of the various currencies. The "actual exchange rate," which takes buying power into account, is a different exchange rate.
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Which level of inputs would a portfolio manager most likely use to estimate the fair value of investments in timber
Answers
Answer:
ion know sorry
Explanation:
In this week’s episode of saving sara, you saw that getting a job promotion doesn’t necessarily create a leader. Both a management approach and a leadership approach were taken by sara to handle a situation. Watch both examples and describe the differences between management and leadership. Then, focus on one leadership trait that sara exhibited. What advice would you give sara to improve on that specific trait?.
Answers
Leadership and management square measure 2 necessary parts that a brand new charge nurse should distinguish between to become an honest leader.
Leadership is the capability of motivating coworkers to own a sure-fire outcome in work, whereas management is that the method of organizing and coordinating coworkers (ATI, 2019). One look at the eventualities, a lot of effective approaches on my behalf was leadership because it shows a lot of respect and dignity towards coworkers.
This was seen in the situation wherever the charge nurse had oral communication with the team, deciding the steps to deliver the goods and an honest score. It was apparent that each party was content with the results of the oral communication.
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Tenagine that you are an ececutive at a large bank. You have been tasked with overseeing your company's implementation of an entirely new mortgage review and approval process that must comply with complex, new federal laws. Creating and implementing this new process will reguire intimate knowledge of the entirn mortgage application and approval process, technalogy, the nev legislation. bank operations, and mote. To work on this task. you are asked to assemble a self-managing team wath the stretch goal to complete the precess ovechaul within six monthw, The team will be piven. nearly untim ted control over the budget and resources if needs to do the job, but it must stall go through the normal appreval process from management to make changes. In addition, the feam will not be able to make changes to bankiv structures, policiet.- or practices without management approval. Oiven the nature el rouk team's takb; what trpe of divereity will grebsbly be most important to consider when selecting amployees to aerive on the team? Diversty of espertise Dwernipy of thill level DWeraty of management eaperience Diveraty of peradatity Your toam must still go through normal approval processes, indicating that it does not have , which will likely its ability to reach the stretch gaal. Given the autonomy of your team and the nature of as task which team compensation model would probably work best for its members? Gainstaring Nonfinancial rewards Team member of the month program Skilithated pay
Answers
Given the complex and multifaceted nature of the task, the diversity of expertise would likely be the most important factor to consider when selecting employees for the team.
Since the implementation of the new mortgage review and approval process requires knowledge of the entire mortgage application process, technology, new legislation, bank operations, and more, having team members with diverse areas of expertise can ensure a well-rounded and comprehensive approach.
This diversity can bring different perspectives, skills, and knowledge that are crucial for tackling the various aspects of the project.
As for the team compensation model, a skilled-based pay system would likely work best for the team members. Since they have nearly unlimited control over the budget and resources, and the stretch goal is to complete the process overhaul within six months, a skilled-based pay model would incentivize and reward individual team members based on their specific skills and contributions to the project's success. This approach recognizes and rewards the expertise and effort put forth by team members, aligning their compensation with their capabilities and performance. It can foster motivation, productivity, and a sense of fairness among the team members, driving them to achieve the desired outcome efficiently and effectively.
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John Jones decides to use his personal name for a line of clothing he is developing. Whether or not the name John Jones acquires a secondary meaning will depend on a. how extensively John markets his line of clothing. b. the market for John’s line of clothing. c. the number of clothing sales John makes. d. all of the choices are correct.
Answers
Answer:
D, all of the choices are correct
Explanation:
The name of a company and its perceived meaning goes a long way in the determining the success of the company.
In the case of John Jones in the above question, the name of his clothing line as well as the meaning perceived will determine how extensively John can market his clothing line. It will also determine the market for the clothing line; i.e male, female, unisex, old, young, teens, kids, etc.
The names and meaning as perceived will also determine the number of clothes that John makes.
These therefore makes all of the above option ins the question correct.
Cheers
What should a company do to get immediate customer feedback about a product
Answers
Answer:
ig it would be email lol i need points
True or False: Suppose you are advising the Egg Farmers of Canada on changes in the egg market. Suppose the current price is $3.00 per dozen eggs and the quantity demanded is 2.5 million dozens of egg per day. Suppose price elasticity of demand is constant at 0.8. You are considering reducing the supply, so that the price rises to $3.5 per dozen. Total expenditure on eggs by consumers will rise.
Explain your answer carefully.
Answers
False. If the price of eggs rises from $3.00 to $3.50 per dozen and the price elasticity of demand is constant at 0.8, total expenditure on eggs by consumers will decrease, not rise.
The price elasticity of demand measures the responsiveness of quantity demanded to changes in price. A price elasticity of demand of 0.8 suggests that the quantity demanded is inelastic, meaning that consumers are not very responsive to changes in price.
When the price of eggs increases from $3.00 to $3.50 per dozen, the price has risen by $0.50. Given the inelastic demand, the quantity demanded is not expected to change significantly. As a result, the increase in price will not be offset by a proportionate increase in quantity demanded.
When total expenditure on a good is calculated as the product of price and quantity demanded, a rise in price combined with a relatively unchanged quantity demanded will result in a decrease in total expenditure. In this case, the higher price of $3.50 per dozen eggs is not expected to be compensated by an increase in quantity demanded, leading to a decrease in total expenditure on eggs by consumers.
Therefore, the statement that total expenditure on eggs by consumers will rise is false. Instead, total expenditure is expected to decrease due to the inelastic nature of demand in response to the price increase.
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A basic concept in economics is that all resources are
O scarce.
• allocated.
valuable.
O renewable.
Answers
A basic concept in economics is that all resources are scarce. Thus, option a. is the correct answer.
Explain about the basic concept about the economics.
Every person's life includes doing economics on a regular basis in addition to studying it. It serves as a means of balancing the inputs and outputs of money. Whatever it is, one should prepare before the month or count at the end of the month or year, whether it is a small family, a large family, a small commercial enterprise, or a giant organisation. Economics seeks to strike a balance between the unending demands and the finite resources.
After saying this, we'll start talking about the topic of "economics." The pupils who are just beginning their studies in commerce in class XI will find this subject extremely interesting. In essence
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Answer:
Option A scarce
Explanation:
Navel County Choppers, Inc., is experiencing rapid growth. The company expects dividends to grow at 19 percent per year for the next 8 years before leveling off at 5 percent into perpetuity. The required return on the company’s stock is 10 percent. If the dividend per share just paid was $1.52, what is the stock price?
Answers
Answer:
Price of stock = $74.636
Explanation:
The Dividend Valuation Model is a technique used to value the worth of an asset. According to this model, the worth of an asset is the sum of the present values of its future cash flows discounted at the required rate of return.
The price of the stock will the sum of the present value of the growing annuity and the growing perpetuity
Present value of dividend from year 1 to 8
The PV of the growing annuity = A/r-g) ( 1- (1+g)/(1+r)^n )
A- dividend payable now , r- required of return, g-growth rate, number of years
PV = 1.52×(1.19)/(0.1-0.19) × (1 -(1.19/1.1)^8)= 17.605
PV of Dividend from year 9 and beyond:
P = D× g/(r-g)
This will be done in two steps:
Step 1: PV(in year 8)of dividend = (1.52× 1.19^8× 1.05)/(0.1-0.05)= 122.250
Step 2 : PV in year 0 = 122.25× 1.1^(-8)= 57.030
Price of stock = 17.60 + 57.030= 74.63
Price of stock = $74.636
glenn attends a closing for the sale of a house. glenn brings a check and a stack of papers to closing. at closing, another person signs all the papers that glenn brought. glenn gives the check to the settlement agent. the settlement agent cuts a number of checks. at the end of the closing, glenn takes back the now-signed stack of papers that he brought to closing. who is glenn?
Answers
Based on the given information, Glenn is most likely the seller of the house.
During the closing for the sale of a house, it is common for both the buyer and seller to be present. In this scenario, Glenn attends the closing and brings a check and a stack of papers. However, another person signs all the papers that Glenn brought, indicating that the other person is the buyer. Glenn gives the check to the settlement agent, which suggests that he is receiving payment for the sale of the house. At the end of the closing, Glenn takes back the now-signed stack of papers, which could be copies of the finalized documents related to the sale.
Considering these details, it can be inferred that Glenn is the seller of the house involved in the closing process.
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Firms pursuing a __________ strategy strive to be the lowest cost producer in an industry for a particular level of product quality.
Answers
Answer: B)cost leadership
Explanation:
Firms that pursue a Cost Leadership strategy aim to employ practices and standards that will enable them to produce so efficiently that they have the lowest cost in the industry for a particular level of product quality.
This will translate to them being able to offer their goods at a lower price than the competition thereby increasing their profitability and enabling them capture market share.
5. Understanding the IRR and NPVThe net present value (NPV) and internal rate of return (IRR) methods of investment analysis are interrelated and are sometimes used together to make capital budgeting decisions. Consider the case of Cold Goose Metal Works Inc. :Last Tuesday, Cold Goose Metal Works Inc. Lost a portion of its planning and financial data when both its main and its backup servers crashed. The company’s CFO remembers that the internal rate of return (IRR) of Project Lambda is 11. 3%, but he can’t recall how much Cold Goose originally invested in the project nor the project’s net present value (NPV). However, he found a note that detailed the annual net cash flows expected to be generated by Project Lambda. They are:YearCash FlowYear 1 $2,400,000Year 2 $4,500,000Year 3 $4,500,000Year 4 $4,500,000The CFO has asked you to compute Project Lambda’s initial investment using the information currently available to you. He has offered the following suggestions and observations:• A project’s IRR represents the return the project would generate when its NPV is zero or the discounted value of its cash inflows equals the discounted value of its cash outflows—when the cash flows are discounted using the project’s IRR. • The level of risk exhibited by Project Lambda is the same as that exhibited by the company’s average project, which means that Project Lambda’s net cash flows can be discounted using Cold Goose’s 7% WACC. Given the data and hints, Project Lambda’s initial investment is __________ , and its NPV is ____________ (rounded to the nearest whole dollar). A project’s IRR will ______ if the project’s cash inflows increase, and everything else is unaffected
Answers
The initial investment of Project Lambda was $9,325,350.56.
The NPV of Project Lambda is $1,514,304.22,
How to solve for initial investmentPV = A / (r * (1 + r)^n - 1)
where PV is the present value, A is the annual cash flow, r is the discount rate (which is the project's IRR), and n is the number of years.
Using the given annual cash flows and the project's IRR of 11.3%, we can calculate the present value of the annuity as follows:
PV = $2,400,000 / (0.113 * (1 + 0.113)^1 - 1) + $4,500,000 / (0.113 * (1 + 0.113)^2 - 1) + $4,500,000 / (0.113 * (1 + 0.113)^3 - 1) + $4,500,000 / (0.113 * (1 + 0.113)^4 - 1)
PV = $9,325,350.56
Therefore, the initial investment of Project Lambda was $9,325,350.56.
To calculate the NPV of the project, we can use the formula:
NPV = PV of cash inflows - Initial investment
Using the present value of the annuity calculated above as the PV of cash inflows, we can calculate the NPV as follows:
NPV = $2,400,000 / (1 + 0.07)^1 + $4,500,000 / (1 + 0.07)^2 + $4,500,000 / (1 + 0.07)^3 + $4,500,000 / (1 + 0.07)^4 - $9,325,350.56
NPV = $1,514,304.22
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Use the following information and the percent-of-sales method to Answer questions. Below is the 2019 year-end balance sheet for Banner, Inc. Sales for 2019 were $1,600,000 and are expected to be $2,000,000 during 2020. In addition, we know that Banner plans to pay $90,000 in 2020 dividends and expects projected net income of 4% of sales. (For consistency with the Answer selections provided, round your forecast percentages to two decimals.)
Banner, Inc. Balance Sheet
December 31, 2019
Assets
Current assets $890,000
Net fixed assets 1,000,000
Total $1,890,000
Liabilities and Owners’ Equity
Accounts payable $160,000
Accrued expenses 100,000
Notes payable 700,000
Long-term debt 300,000
Total liabilities 1,260,000
Common stock (plus paid-in capital) 360,000
Retained earnings 270,000
Common equity 630,000
Total $1,890,000
Banner’s projected current assets for 2020 are:
a. $1,500,000.
b. $1,000,000.
c. $1,120,000.
d. $1,260,000.
Answers
The projected current assets for 2020 for Banner, Inc. would be approximately $1,112,500.
Given the information provided, we know that the net income is expected to be 4% of sales. This means that 4% of the projected sales for 2020 will contribute to net income.
Projected net income = 4% of projected sales = 0.04 * $2,000,000 = $80,000
To calculate the projected current assets, we need to determine the historical relationship between current assets and sales. This can be done by examining the balance sheet from 2019:
Current assets in 2019 = $890,000
Sales in 2019 = $1,600,000
Current assets as a percentage of sales in 2019 = Current assets / Sales = $890,000 / $1,600,000 ≈ 0.55625
Now, we can use this historical relationship to forecast the current assets for 2020:
Projected current assets for 2020 = Current assets as a percentage of sales * Projected sales
Projected current assets for 2020 = 0.55625 * $2,000,000 ≈ $1,112,500
Therefore, the projected current assets for 2020 for Banner, Inc. would be approximately $1,112,500.
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baby doe's, a designer and manufacturer of children's clothing, has decided to purchase a retail chain specializing in children's clothing. this purchase is a(n): a. horizontal acquisition. b. merger. c. vertical acquisition. d. unrelated acquisition.
Answers
The purchase is a c. vertical acquisition.
Based on the given information, the purchase of a retail chain specializing in children's clothing by Baby Doe's, a designer and manufacturer of children's clothing, would be considered a vertical acquisition.
A vertical acquisition refers to the acquisition of a company that operates in a different stage of the supply chain or distribution channel. In this case, Baby Doe's is acquiring a retail chain, which is a downstream component of the supply chain for their products.
This acquisition allows Baby Doe's to integrate their manufacturing and design operations with the retail distribution channel, gaining more control over the entire value chain and enhancing their market presence.
Therefore, the correct answer is c. vertical acquisition.
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Using this table, calculate the marginal cost of each of
these quantities of bikes.
The first bike: $
The fourth bike: $
The sixth bike: $
The seventh bike: $
!! Someone please explain how to find the marginal cost, like what is the formula
Answers
Answer:
See below
Explanation:
Marginal cost is the additional expenses incurred in producing one more unit of output. Marginal cost is the expenses associated with the production of one extra unit.
In this case, there will be marginal costs in producing the first item. There is no extra unit in the first unit. Marginal costs will be zero. The second item's marginal cost will be the difference between the cost of the second and the first item.
First bike
=0
The fourth bike:
=Forth bike - third bike
=$130 -$110
= $20
The sixth bike
=sixth - fifth
=$210 -$160
=$50
The seventh bike
=seventh - sixth
=$270 -$210
=$60
First bike: $80
Forth bike: $20
Sixth bike: $50
Seventh bike $60
What statement best describes good interview preparation?
1) An applicant should arrive at least an hour before the interview starts.
2) An applicant should discuss personal hobbies as much as possible in an interview.
3) An applicant should be well-dressed for an interview.
4) An applicant should make personal job demands known in an interview.
Answers
Answer:
I think it is the 3rd one.
Explanation:
Sorry if this wrong. I'm only in 5th grade
Answer: the answer is c
Explanation:
You purchase a property for $125,000. Your cash flow from the first year is $6,000. Each year, your cash flow grows by 3%. After 4 years (4 cash flows), you sell the property for $175,000. What is your internal rate of return on this investment property?
Answers
The internal rate of return (IRR) for an investment is the percentage of interest earned on each dollar invested over the investment's lifetime. The present value of the investment's inflows is equal to the investment's outflows at the internal rate of return.
The formula for calculating IRR is used to determine the return on an investment. In this case, the purchase price of a property is $125,000, the cash flow from the first year is $6,000, and it grows by 3% each year. After 4 years, the property is sold for $175,000.
The IRR formula is used to determine the return on this investment property as follows:CF0 = -$125,000CF1 = $6,000(1.03) = $6,180CF2 = $6,180(1.03) = $6,366.90CF3 = $6,366.90(1.03) = $6,559.08CF4 = $6,559.08(1.03) + $175,000IRR = 10.46%Therefore, the internal rate of return on this investment property is 10.46%.
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Define careere pleaseeeeeeeeee
Answers
Answer:
a profession or occupation chosen by one's life work.
Having or following a career as specific career diplomat.
Explanation:
Hope this helps.. ;)
FYI I did research and I didn't copied and pasted..
Answer: an occupation undertaken for a significant period of a person's life and with opportunities for progress.
Like a police officer, fire fighter, cashier, fast food worker, teacher, principle, Etc....
Hope this helps... Stay safe and have a great Thanksgiving!!! :D
An injunction that requires a defendant to take an action or set of actions is
an) injunction
A. permanent
B. prohibitory
C. mandatory
Ο Ο
D. interim

Answers
Answer:
C. mandatory
Explanation:
A law can be defined as the system of principles, regulations and rules established by legislature, that is adopted in a community, society or country to regulate the actions of its citizens, members or employees.
Thus, law is a tool used by the judiciary, lawyers, individuals, organizations, and even government to ensure everybody is well behaved, non-criminal and civil in their actions. Therefore, a law creates the foundation for ethical behavior.
In circumstances where there are aberration, the law is enforced as a punishment and penalty for wrongdoings or misdeeds.
There are various types of law and these includes; criminal law, constitutional law, intellectual property law, corporate law, international law, family law, civil law, etc.
An injunction can be defined as a legal and equitable court order compelling (commanding) or prohibiting an individual, group or entity to either perform or cease from performing a specific action.
Basically, a court of competent jurisdiction is empowered by law to grant an injunction to a third party for further examination and trial.
Similarly, an injunction that requires a defendant or plaintiff to take an action or set of actions is a mandatory injunction.
Answer:
C. mandatory
Explanation:
Temporary and Permanent Injunctions ( Sections 36 & 37)Perpetual Injunctions ( Section 38)Mandatory Injunctions ( section 39)Damages in lieu of or in addition to Injection( Section 40)Injunction to perform a negative covenant( section 42)jennifer lawrey invests the amount of $39 million today in a real estate project that he expects to sell in 7 years for the amount of $121 million. what rate of return, in percent, will be earned on this investment?
Answers
Jennifer Lawrey is expected to earn a rate of return of 30.04% on the $39 million investment made in a real estate project that is expected to sell for $121 million after 7 years.
To calculate the rate of return (ROR) on the investment, we can use the formula:
ROR = [(final value - initial value) / initial value] x (1 / years) x 100%
Where "final value" is the expected selling price after 7 years, "initial value" is the amount invested today, and "years" is the investment horizon. Plugging in the given values, we get:
ROR = [(121 - 39) / 39] x (1 / 7) x 100%
ROR = 82 / 273 x 100%
ROR = 30.04%
Therefore, the rate of return on Jennifer Lawrey's investment in the real estate project is expected to be 30.04%.
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Which of the following are characteristics of a scarce resource?
Choose 1 answer:
Choose 1 answer:
(Choice A)
A
The supply of the resource exceeds the demand of the resource.
(Choice B)
B
There is a fixed quantity of the resource available but no demand for it.
(Choice C)
C
There is a demand for that resource with limited supply.
(Choice D)
D
There is limited supply of a resource with no demand for that resource.
(Choice E)
E
The resource has unlimited supply and limited demand.
Answers
There is a demand for that resource with limited supply are characteristics of a scarce resource. When the demand for a natural resource exceeds the supply, resource scarcity results, which causes the stock of those resources to decrease.
As a result of rising costs that make the demand resource less accessible to those who are least well-off, this might result in unsustainable supply growth and an increase in inequality. When there aren't enough resources to meet everyone's needs, there is scarce resource. Oil is among the most well-known instances of how resource scarcity affects the United States. Local gas prices will surely climb when oil prices around the world do.
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Create your own buy and sell stock problem
Answers
Answer:
The cost of a stock on each day is given in an array, find the max profit that you can make by buying and selling in those days. For example, if the given array is {100, 180, 260, 310, 40, 535, 695}, the maximum profit can earned by buying on day 0, selling on day 3. Again buy on day 4 and sell on day 6. If the given array of prices is sorted in decreasing order, then profit cannot be earned at all.
Explanation:
Which of the following is a reason that your company might not want to increase its market share? A. The market saturation for your product is low. B. Many of your company's competitors have bad reputations. C. Your company has a limited capacity for producing your product. D. The price of your product is very competitive. Please select the best answer from the choices provided
Answers
Answer:
C. Your company has a limited capacity for producing your product.
Explanation:
Increasing the market share will result in an increased demand for the company's products. The company will sell its products to more customers. Its sales volume will most likely go up. If a company lacks the capacity to produce more goods, then it might not want to increase its market share. Should be company fail to meet the market demand for its products, its risks damaging its reputation.
Answer:
c-Your company has a limited capacity for producing your product.
Explanation:
got it right on edge
April is worried that she is not a "good speller," so she plans to let the spelling
checker correct all her mistakes. What would be the most helpful advice for
April?
Answers
On March 25, 2014, Patton Company sold merchandise on account,$10,000. The applicable sales tax percentage is 8.5%. Record the transaction.
Answers
Answer:
Kindly see attached picture
Explanation:
Sales tax percentage= 8.5%
Sales = 10,000
Sales tax payable = 0.085 × 10000 = 850
Accounts payable = 10000 + 850 = 10850
Kindly see attached picture for journal entry
Most financial securities have some level of ________ risk. Multiple Choice unsystematic asset-specific diversifiable industry systematic
Answers
Based on financial analysis, Most financial securities have some level of asset-specific risk.
This is because asset-specific risk is a type of risk that is unique and common to financial securities.
Asset-specific risk is often referred to as Asset-backed risk, which, like any other financial risk, concerns the tendency of losing money.
Other types of risks associated with financial securities include the following:
Credit risk, Liquidity risk, Foreign investment risk, Equity riskCurrency riskHence, in this case, it is concluded that the correct answer is "Asset-specific risk."
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Thomas, the head of the marketing department in an organization, has structured his department in such a way that the roles and responsibilities of his workers are loosely defined. Moreover, he does not exert too much control over his workers and encourages two-way communication. His workers tend to be highly satisfied with their jobs when compared to those in the finance department, headed by John who exerts more control. From this scenario it can be inferred that Thomas has adopted a(n) _________ mechanism for coordinating. Group of answer choices
Answers
Group of answer choices.
a. bureaucratic
b. authoritative
c. centralized
d. behavioristic
Answer:
d. behavioristic.
Explanation:
A functional (departmental) organizational structure is a type of structure used to organize staffs by dividing them into various departments based on their skill set, roles or functions and knowledge.
These departments which are vertically structured may include, finance, IT, sales and marketing, research and development, customer service etc. Also, the various departments are headed by a functional manager who are saddled with the responsibility of overseeing, managing and reporting to the executive management.
A span of control can be defined as the number of people (employees or workers), functions, activities which are being directly controlled effectively and efficiently by a manager in an organization.
In this scenario, Thomas, the head of the marketing department in an organization, has structured his department in such a way that the roles and responsibilities of his workers are loosely defined. Moreover, he does not exert too much control over his workers and encourages two-way communication. His workers tend to be highly satisfied with their jobs when compared to those in the finance department, headed by John who exerts more control. From this scenario, it can be inferred that Thomas has adopted a behavioristic mechanism for coordinating because he doesn't exert too much control over his subordinates.