Answer:
Emotional intelligence, also known as EQ, is the ability to understand and manage one's own emotions and those of others. It is a crucial skill for effective leadership, as it enables leaders to communicate effectively, build strong relationships, and navigate complex social situations.
One of the key benefits of emotional intelligence for leaders is its ability to improve communication and collaboration. Leaders with high emotional intelligence are able to understand the emotions of others and respond to them in a way that builds trust and fosters positive relationships. This allows them to communicate more effectively and work more effectively with others, which is essential for successful leadership.
Another important aspect of emotional intelligence for leaders is its ability to help them navigate complex social situations. Leaders with high emotional intelligence are able to read social cues, understand the emotions of others, and respond in a way that is appropriate and effective. This allows them to make decisions that are in the best interests of their team and organization, and to resolve conflicts and other challenges in a constructive manner.
Overall, emotional intelligence is a critical factor in determining whether or not a person is likely to be a successful leader. It enables leaders to communicate effectively, build strong relationships, and navigate complex social situations, all of which are essential for success in a leadership role.
Which of the following is a tip for writing more effectively for business purposes?
Select one:
A. start by stating your purpose and what you expect of the reader
B. use the passive voice (rather than the active voice)
C. begin an e-mail with an informal greeting like "Hey"
D. construct interesting, complex sentences
E. avoid using a subject line when sending an e-mail
A. start by stating your purpose and what you expect of the reader for writing more effectively for business purposes
A business purpose explains the motivation for the founding of a company. It outlines both the goals of the company and what makes it special. A company purpose is substantially shorter than both a mission statement and a value statement.
A corporation may really advance if its objective is well-defined and expressed. Purpose encourages innovation, improves brand trust and loyalty, helps determine long-term business strategy, and ultimately helps a firm endure the test of time. It also creates a larger competitive edge and differentiation in the marketplace.
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Accountants and auditors age receivables to primarily do which task?
To determine the most profitable customers
To help estimate the total amount of gross receivables
To determine the most profitable products
To help estimate the allowance for doubtful accounts
To help estimate the allowance for doubtful accounts is primary task of accountants and auditors.
The allowance for doubtful accounts is an offsetting account that is applied to total accounts receivable on the balance sheet and reflects only amounts expected to be paid. The allowance for doubtful accounts estimates the percentage of accounts receivable expected to be uncollectible. However, a customer's actual payment behavior may differ significantly from the estimate.
Notwithstanding our policies and procedures regarding collections, there is always the risk of non-payment when transacting with credit. Businesses should therefore manage this risk by establishing bad debt reserves and collecting bad debts. In accordance with the principles of accounting reconciliation, this ensures that expenses related to sales are recognized in the same accounting period in which the revenue is earned. Loan loss reserves also help companies better assess the true value of their receivables.
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a corporation issued 8%on july 1, shady creek resort borrowed $380,000 cash by signing a 10-year, 9% installment note requiring equal payments each june 30 of $59,212. what is the journal entry to record the first annual payment?
The journal entry to record the first annual payment is:
Notes Payable 25012
Interest expenses 34200
Cash account 59212
(for the first installment paid)
Journal access is a file of a business transaction in your commercial enterprise books. In double-access bookkeeping, you are making at least two magazine entries for each transaction. because a transaction can create lots of adjustments in an enterprise, a bookkeeper tracks all of them with magazine entries.
An instance of journal access consists of the purchase of equipment with our aid of us where the equipment account can be debited, and the coins account will be credited.
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What do CFOs consider to be their top priority?
The Top Four Priorities of CFOs for 2020. Transition from Separated Spreadsheets to Integrated Insights Cutting costs without understanding the many interdependencies within a company may increase profit margins in the short term,
But in this fast-paced digital age, this is not the case. In order to prepare, more than half of the CFOs polled by Duke said they are focused on strengthening their company's balance sheets and/or cutting costs; 54% are stockpiling cash to increase liquidity.
However, in order to keep their companies financially stable regardless of economic cycles, CFOs must think long term. We recommend that they focus their efforts in the coming year on these four critical priorities.
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According to the classical dichotomy, which of the following is influenced by monetary factors in the long run? a. the nominal interest rate b. the real interest rate c. the real wage. d. All of the above are correct.
D). All of the following are influenced by monetary factors in the long run.
The classical dichotomy states that real variables (such as output, employment, and the real wage) are determined by real factors (such as technology, preferences, and population) in the long run, while nominal variables (such as the nominal interest rate and the price level) are determined by monetary factors.
Therefore, the correct answer is d. All of the above are correct. The nominal interest rate and the price level are influenced by monetary factors in the long run, while the real interest rate and the real wage are determined by real factors.
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assume the following information for a company that produced and sold 10,000 units during year 1. it also produced 15,000 units and sold 12,000 units during year 2, while producing 12,000 units and selling 15,000 units in year 3. per unit per year selling price $ 240 direct materials $ 90 direct labor $ 59 variable manufacturing overhead $ 10 sales commission $ 11 fixed manufacturing overhead $ 450,000 fixed selling and administrative expense $ 150,000 using absorption costing, what is the cost of goods sold for year 3?
Assume the following or a information company that produced and sold 10,000 units during year 1 .The cost of goods sold for year 3 is 26,40,000
Calculating the problem:Year 2Particulars Amount ($)
Direct Materials 75
Direct Labour 55
Variable Manufacturing overhead 10
Fixed Overhead (450000/15000) 30
Total Cost Per Unit 170
Units 3000
Closing Stock Value 51000
Year 3:Particulars Amount ($)
Direct Materials 75
Direct Labour 55
Variable Manufacturing overhead 10
Fixed Overhead (450000/12000) 37.5
Total Cost Per Unit 177.5
No. of units Produced 12000
Total Cost of Units produced 2130000
Add : Opening Stock Value 510000
Less: Closing Stock Value 0
Cost of Goods Sold 2640000
What are expenses?
Overhead costs, often referred to as overhead costs or operating costs, refer to costs associated with running a business that cannot be related to the creation or manufacture of products or services. They are the costs a company incurs to stay in business regardless of its level of success.
Why overheads matter?Overhead allocation is important because it directly impacts a small business's balance sheet and income statement. These costs will incur no matter what and your accounting system needs to track them. Many accounting systems require you to assign costs to the goods you produce.
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The two general types of economic systems that exist today are:
According to the question, capitalism and socialism are the two major economic processes in modern societies.
What is the economic example?
Economics is the social science field that studies scarcity of resources. It investigates the factors that influence the production, allocation, and consumption of products and services in a given economy. It investigates how individuals, business owners, and government agencies allocate scarce resources. Traditional economies, laissez faire economics, planned economy, and market economies are the four major types of economic systems.
What is the significance of economics?
Economic study helps people understand their surroundings. It enables people to better understand people, businesses, markets, and governments, and thus respond to the dangers and opportunities that arise when things change.
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Which category of goods has the least elastic (most inelastic) price elasticity of demand?
O A. Vacations in the UK
O B. Vacations in England
O C. European vacations
O D. Vacations in London
British vacations The price elasticity of demand for the OB category of items is the lowest (or most inelastic).
What products' demand elasticity is the lowest?The demand elasticity for goods that are regarded as necessary is low. Because customers depend on these as essentials rather than as luxuries, electricity, gas, oil, and water are all relatively inelastic.
What of the following has the lowest likelihood of becoming elastic?The object is that has the lowest likelihood of becoming inelastic. Due to Shell's numerous rivals in the oil and gas retail industry, if Shell raises the price of gasoline, consumers will probably go to cheaper oil prices being offered by most likely tiny and independent firms.
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if bond investors decide that 30-year bonds are no longer as desirable an investment as they were previously, predict what will happen to the yield curve, assuming (a) the expectations theory of the term structure holds and (b) the segmented markets theory of the term structure holds\
If bond investors decide that 30-year bonds are no longer as desirable an investment as they were previously. The expectations theory of the term structure holds that long term interest rates are the product of investing and reinvesting in short term instruments again and again.
The bond investors are those investors who buys shares in a corporation or business through the bonds.
The bond investors decide that 30-year bonds are no longer as desirable an investment as they were previously. To argue that for 30 years is to suggest that people have a view on the path of interest rates over the next 30 years.
The segmented markets theory of the term structure states as it holds the different types of clients buy bonds for different reasons.
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on december 1, 20x4, line corp. received a donation of 2,000 shares of its $5 par value common stock from a stockholder. on that date, the stock's market value was $35 per share. the stock was originally issued for $25 per share. by what amount would this donation cause total stockholders' equity to decrease? $70,000 $50,000 $20,000 $0
Amount would this donation cause total stockholders' equity to decrease is $0
Option D is correct.
Donated shares are treated like treasury shares. Treasury stock and earnings or earnings accounts increase the value of the stock market. An increase in treasury stock will reduce shareholders' equity, but conversely, profits and earnings will increase shareholders' equity.
What is market value?
The market value reflects a company's worth in terms of the stock market. It is the price an asset would get in the marketplace. When referring to businesses, market value and market capitalization are equivalent. It is a sum of money calculated using the share price of the company as of the current trading day.
What are the price and market value?There are two types of price viz. cost price and the market price. The cost price is the price at which you procure the stock while the market price is what the stock is currently quoting at in the current market. Typically, estimates of value are used to calculate the difference between cost price and market price.
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question 2 a data analyst prepares to communicate to an audience about an analysis project. they consider what the audience members hope to do with the data insights. this describes establishing the setting.
FALSE, a data analyst prepares to communicate to an audience about an analysis project. they consider what the audience members hope to do with the data insights. this describes establishing the setting.
Facts evaluation is a method of inspecting, cleansing, remodeling, and modeling records with the purpose of discovering beneficial information, informing conclusions, and helping decision-making
An information analyst opinions records to discover key insights into an enterprise's clients and ways the information may be used to resolve troubles. they also speak this facts to enterprise leadership and different stakeholders.
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hich of the following is true of venture capital?
On average, venture capital investors seek a return on their investment in about five years.
Venture capital is comparable to a bank loan, which must be repaid over time.
One way venture capitalists evaluate potential investments is by analyzing a company's share price.
Venture capitalists reserve the right to sell their portion of company shares before an IPO.
On average, venture capital investors seek a return on their investment in about five years.
A form of private equity financing known as venture capital (VC) is given by venture capital funds or organizations to startups, early-stage, and developing businesses that have been identified as having a high growth potential or that have already shown a high growth rate (in terms of number of employees, annual revenue, scale of operations, etc). These early-stage businesses are funded by venture capital firms or funds in exchange for equity, or ownership stakes. In the hopes that some of the businesses they support will succeed, venture capitalists take on the risk of financing hazardous start-ups. VC investments frequently fail because startups confront significant levels of uncertainty.
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basis on which the ego operates; finding socially appropriate means to fulfill id demands
Finding socially acceptable ways to satisfy id wants is the ego's reality principle and the basis for all ego activity.
What exactly is the ego theory?An individual's concept of themselves and their perceptual abilities make up their ego, or "I," in psychology. Therefore, the ego is responsible for all perception and reason. The term "id" describes a person's unconscious urges, such as instincts.
what is ego?The idea of one's own value makes up one's ego. A person with a big ego could believe they are extremely useful and important, for instance. Due to his enormous ego, he would never confess when he was mistaken. Synonyms: self-worth, self-assurance, respect for oneself, and self-image Additional Ego Synonyms
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which of the following is not identified by porter as one of the five forces that explains competition in an industry? a) threat of new entrants b) threat of substitute products or services c) bargaining power of suppliers d) bargaining power of competitors e) the competitive rivalry among current members
Bargaining power of competitors is not identified by porter as one of the five forces that explains competition in an industry.
Which of the following is not one of the 5 competitive forces?These forces are used to estimate profitability, competitive strength and attractiveness of a market. As per the stated facts, the threat of substitute buyers is not considered as the part of the Porter Five Forces model because the Porter model describes threat substitutes of products, not buyers.
Which of the following is not one of Porter's competitive forces model's five key forces or threats?Political influence is not one of Porter's five driving forces. The Porter's Five Forces Analysis is a straightforward yet effective method for assessing the influence of business. According to Porter's Forces Analysis, there are significant forces that affect a company's ability to compete.
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under gasb 39, colleges and universities are required to bring their affiliated medical organizations into their financial reports. true false
The given Statement is True. Under gasb 39, colleges and universities are required to bring their affiliated medical organizations into their financial reports.
An organization or business enterprise, is an entity—including a employer, an group, or an affiliation—comprising one or greater human beings and having a selected reason. The phrase is derived from the Greek phrase organon, which means tool or instrument, musical device, and organ.
An organization is a group of folks that paintings together, like a community affiliation, a charity, a union, or a employer. you may use the word agency to refer to group or enterprise, or to the act of forming or establishing some thing.
Company allows in gold standard utilisation of financial and human sources. It now not most effective aids inside the proper undertaking of jobs to appropriate personnel but additionally keeps tune that there is no waste of resources and efforts due to duplication of labor.
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at a world price of $120, country a must export oranges. if country b has a domestic quantity demanded of 250 crates of oranges and a domestic supply of 225 crates of oranges, then how many crates of oranges must country a be exporting?
Because Country B has a domestic supply of 250 crates of oranges but only 225 crates of oranges, Country A must be exporting the $25 crates of oranges.
What is the formula for quantity demanded?The demand formula, Qd = x + yP, can be used to find the demand line algebraically or on a graph. In this equation, Qd is the desired quantity (in hats), x denotes the amount, and P denotes the cost of the hats.
Why is quantity demand significant?The quantity that individuals demand will determine how much anything costs. We can better grasp the relationship between quantity and pricing by using the demand curve. If the required amount changes from quantity 1 to quantity 2, the price will also change.
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before operating income can be determined for a manufacturer, which of the following is calculated?
Before operating income can be determined for a manufacturer, d) all of the following is calculated.
In the field of business, the gross income of a company or the revenue generated by a business from selling its products is referred to as the operating income.
However, before the operating income is determined, the cost that was spent on the manufacturing of these products or goods needs to be calculated, the costs that were implemented for the goods to be sold need to be calculated, and the cost of goods that will be present for selling needs to be calculated.
All these are calculated because these costs need to be exempted from the operating income in order to determine the gross income.
Although a part of your question is missing, you might be referring to this question:
Before operating income can be determined for a manufacturer, which of the following is calculated?
(a) cost of goods sold
(b) costs of goods available for sale
(c) cost of goods manufactured
(d) all of the above
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the internal rate of return is a measure of: multiple choice the rate actually earned by the project, considering the time value of money. the rate actually earned by the project, based on accounting income. the rate used to discount the future cash flows to reflect the time value of money. the firm's cost of capital.
When taking into account the time worth of money, the internal rate of return is a measurement of the rate that the project actually earned. (Option A)
What does accounting's internal rate of return mean?In financial analysis, the internal rate of return (IRR) is a statistic used to calculate the profitability of possible investments. IRR is a discount rate that, in a discounted cash flow analysis, reduces all cash flows' net present values (NPV) to zero. The same formula is used for NPV calculations and IRR calculations.
What makes the IRR significant?Finally, IRR is crucial for investors to evaluate the prospective profitability of a certain real estate investment in comparison to others or to a different way to spend their money, like a more conventional stock market investment.
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how do large companies organize their engineers? it is organized by functional teams. it is organized by seniority. it varies from company to company. it is organized by product teams.
It is organized by functional teams. it is organized by seniority. it varies from company to company. it is organized by product teams.
Seniority is the kingdom of being older or positioned in a better position of reputation relative to another person, institution, or company.[1] for instance, one worker may be senior to any other either by role or rank (including a CEO vice a supervisor), or by having extra years served in the corporation (which includes one peer being accorded greater fame over every other because of amount of time in). The term "seniority" can observe to both idea or both simultaneously.
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a cost that changes in direct relationship to changes in an operation's sales volume is a a. variable expense. b. non-controllable expense. c. fixed expense. d. controllable expense.
The Correct option is A. A cost that changes in direct relationship to changes in an operation's sales volume is a variable expense.
Variable charges are fees that exchange as the quantity of the good or service that a business produces adjustments. Variable fees are the sum of marginal prices over all devices produced. They can also be taken into consideration normal costs. fixed expenses and variable fees make up the two components of the total cost.
Direct fees are prices that could easily be related to a specific value item. however, now not all variable costs are direct fees. as an instance, variable production overhead costs are variable prices that might be oblique expenses, now not direct fees. Variable fees are every now and then referred to as unit-stage fees as they range with the variety of devices produced.
Direct exertions and overhead are regularly referred to as conversion value, at the same time as direct cloth and direct hard work are often known as a top fee.
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when determining costs of jobs, how does a company account for indirect materials? group of answer choices it is added to work in process as used. it remains part of raw materials inventory. it is transferred out of raw materials into manufacturing overhead when used. it is transferred out of raw materials into work in process as used.
When determining costs of jobs, how does a company account for indirect materials added to work in process as used.
A activity cost sheet is a record detailing all the charges incurred for the crowning glory of a task. these charges may be documented during the task or after the activity is complete. commonly, the inventory department compiles this record to: verify that costs fell inside the allotted price range. fee estimate for destiny jobs.
Job costing presents the bottom for figuring out the price of similar jobs to be undertaken in future as a part of destiny making plans. helps in coping with and controlling costs, by using evaluating the real fees with the predicted value. In short, the calculation of variances.
Fixed prices tend to be costs which are primarily based on time in place of the amount produced or sold by way of your business. Examples of raw materials fees are rent and rent prices, salaries, software payments, coverage, and mortgage payments. a few styles of taxes, like business licenses, are also constant expenses.
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organization development a. has yet to emerge as a distinct field of study. b. is the process of planned change using scientific knowledge. c. focuses on technological change. d. is designed to combat unwanted change. e. works best as a spontaneous process
Organization development is the process of planned change using scientific knowledge.
What exactly is organizational development research?The goal of organization development (OD), which aims to improve an organization's performance and/or culture, is to study and put into practice practices, systems, and techniques that influence organizational transformation. Usually, the group's stakeholders are the ones who start the organizational adjustments.
By organization development, what do you mean?A goal-based strategy for system change within an organization is called organization development. Through organizational development, organizations can create and maintain a new desirable state for the whole organization.
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why should employers tell their workers the details about what is included in their benefits packages? (select all that apply)
Employees often fail to understand the value of their benefits. Highly desirable employees will be more apt to work for a company that offers valuable benefits that are easy to understand.
The first-class employees are continuously looking for new approaches to enhance themselves and contribute more to the company. They concentrate, take comments critically, and are open-minded while supplied with new ideas. They aren't afraid to invite questions and are looking for help when wanted. They give an explanation for the business's undertaking and its quick and long-term dreams. and that they frequently allow employees to understand how the commercial enterprise is doing.
This makes employees sense dependent on and comfortable and helps them pick out the organization's tasks and values. there are baseline employee advantages that maximum enterprise experts say are had to appeal to skills competitively: healthcare, paid day off, and probably retirement financial savings.
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in systems theory, the concept of openness is illustrated by which of the following? a. mcdonalds employees are encouraged to be open to feedback from their peers and supervisors. b. mcdonalds is open to new ideas from employees for producing good service and products. c. mcdonalds is part of the open, unstable, changing environment of fast food restaurants. d. mcdonalds actively takes in resources from the environment and returns products to it.
In system theory, the concept of opennes is illustrated when McDonalds actively takes in resources from the environment and returns products to it (D).
System theory appracch is the view of an organization as an open social system which has to have interaction with its environment in order to survive. System theory approach realizes that environment provides many essential resources, such as customers, suppliers, employees, shareholders, and also government.
Katz and Kahn suggested the Open-system approach and stated that organizational behaviours could be identified by maping the repeated cycle of input, throughput, output and feedback between an organization and its external environment. The environment provides input either in the form information or resources. The system then process the input and produce output which then release back into the environment. The system will seek feedback from the environment relatede to the output.
In McDonalds case, the implementation of opennes in system theory is illustrated when McDonalds actively takes in resources from the environment and returns products to it.
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refer to this product tree: if 17 ps are needed, and on-hand inventory consists of 10 as, 15 bs, 20 cs, 12 ms, and 5 ns, how many cs are needed? multiple choice
192 Cs are needed. Refer to this product tree: if 17 ps are needed, and on-hand inventory consists of 10 as, 15 bs, 20 cs, 12 ms, and 5 ns.
Ps17
Bs = 3 x 17=51-15(on hand) =36
From Bs: Cs= 4 x 36= 144 - 20(on hand) =124
Cs=4 x 17=68
Cs= 124+68 = 192
Inventory or stock refers to the products and substances that a business holds for the final goal of resale, production, or utilization.
Stock management is a subject in most cases approximately specifying the shape and size of stocked goods. its miles required at extraordinary locations within a facility or inside many places of a delivery network to precede the ordinary and deliberate course of manufacturing and inventory of materials.
The idea of stock, inventory, or work in technique (or paintings in progress) has been prolonged from production structures to service businesses and tasks, by way of generalizing the definition should be "all work in the manufacturing process - all work this is or has been fall before to the pinnacle of output." in the context of a manufacturing production machine, inventory refers to all work that has befallen – uncooked materials, partially finished merchandise, completed merchandise prior to sale and departure from the producing system. in the context of services, inventory refers to all work executed previous to sale, which includes partly technique facts.
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Select one disadvantage of IRR as a capital budget method.
It is not useful for comparing projects with different lifespans.
It fails to account for the time value of money.
It can only be used with projects that have positive cash flows.
It can be difficult to interpret and understand.
Which of the following is an example of an operational risk for a company that manufactures automobiles?
A state tax increase that makes buying and registering a car more expensive
Rising interest rates that affect the terms of car loans, thereby decreasing demand
Damage to completed cars held on a storage lot
A national car rental agency backing out of a contract to buy a certain volume of new cars
Jerome needs funding to help start a business selling school supplies. He uses a website that connects him directly with a lender who charges a below-market interest rate.
What type of financing resource is Jerome using?
Trade credit
Peer-to-peer lending
Commercial lending
Factoring
Multiple choice questions refer to selecting the best alternative out of the options for the given questions:
Select one disadvantage of IRR as a capital budget method.
It can be difficult to interpret and understand.
The internal rate of return (IRR) can be a complex concept to understand, especially when used in the context of capital budgeting. The IRR is a financial metric that represents the rate of return that an investment is expected to generate. It is used to evaluate the feasibility of a potential investment by comparing the IRR to a required rate of return or cost of capital.
Which of the following is an example of operational risk for a company that manufactures automobiles?
Damage to completed cars held on a storage lot
Operational risk refers to the dangers and ambiguities that businesses encounter on a daily basis. It could be brought on by a malfunctioning system or defective components. An operational risk for an auto manufacturer would be damage to finished vehicles stored on a lot.
What type of financing resource is Jerome using?
Peer to Peer lending
Peer-to-peer lending is a type of lending that allows individuals to borrow and lend money without using a traditional financial institution, such as a bank, as an intermediary
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Which of the following statements is not true?
(a) GDP of India is calculated by the state government of the largest Indian state.
(b) Calculating GDP is a massive task.
(c) GDP shows the level of development of an economy.
(d) GDP is the value of all final goods and services that are produced in a country
during one financial year.
The correct statement from the given options is (D) "the cost of all finished goods and services produced in a country during a fiscal year is captured by the GDP."
What do we mean by GDP?The most widely used indicator of an economy's size is its gross domestic product (GDP).
GDP can be calculated for a nation, a region (such as Tuscany in Italy or Burgundy in France), or for a group of nations (such as the European Union) as a whole (EU).
GDP measures the total cost of all finished products and services produced in a nation within a fiscal year.
The total cash worth of all products and services exchanged throughout an economy is known as the gross domestic product.
GDP growth implies economic strength, whereas GDP declines show economic fragility.
Therefore, the correct statement from the given options is (D) "the cost of all finished goods and services produced in a country during a fiscal year is captured by the GDP."
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explain why, in the absence of the time consistency problem, you might expect a central bank to be effective at holding the value of its domestic currency at an artificially low level for a sustained period but not at an artificially high level.
To increase the value of its domestic currency, the central bank would have to sell foreign currency in exchange for domestic currency. ] In contrast, in order to hold down the value of the domestic currency, the central bank would need to sell the domestic currency in return for foreign currency in the foreign exchange market. In the long run, however, the latter policy will lead to pressure inflation in the economy.
A foreign currency is one that a foreign nation uses as its official medium of exchange. The sole medium of exchange that the relevant government permits to be used for trade within its borders is this specific currency.
The amount that a collection of products and services have increased in price during a specific time frame, typically a year, is measured by inflation.
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10.Carrying insufficient quantities of inventory on A) would not affect the company's profitability B) may result in lost sales. C) has little effect on customer satisfaction. D) will increase the costs of carrying inventory. 11 Inventory shipped FOB shipping point and in transit on the last day of the year should be included in: A) the inventory balance of the seller. B) the inventory balance of the buyer. C) neither the inventory balance of the buyer or the seller. D) both the inventory balance of the buyer and the seller. 12 Acme Company's balance sheet shows three inventory accounts-raw materials, work in 13 process, and finished goods. Acme Company must be a: A) manufacturer. B) merchandiser. C) service business. D) wholesale distributor. Goods placed in inventory are initially recorded at: 14 A) market value. B) the amount paid to acquire the asset. C) the amount paid to prepare the asset for sale to customers. D) the amount paid to acquire the asset and prepare it for sale. 15.When a company sells goods, it removes their cost from the balance sheet and reports the cost on the income statement as A) Selling Expenses. B) Cost of Goods Sold C) Finished Goods Inventory. D) Inventory
Option B is correct. Carrying insufficient quantities of inventory on may result in lost sales.
Inventory or stock alludes to the items and substances that a business holds for the excess motivation behind resale, fabricating, or utilization. Inventory the board is a region generally roughly indicating the structure and site of supplied merchandise. It is required at restrictive spots inside an office or inside many spots of a conveyance local area to go before the normal and conscious bearing of assembling and stock of substances.
Stock, stock or canvases in framework (or works of art underway) has been drawn out from creation designs to supplier organizations and activities, through summing up the definition to be "all compositions inside the means of assembling - all canvases this is or has occurred past to the last bit of assembling". With regards to an item fabricating framework, stock alludes to all compositions that has occurred - uncooked substances, part of the way finished stock, finished stock past to deal, and takeoff from the delivering framework. With regards to administrations, stock alludes to all artworks completed past to deal, for example, incompletely framework data
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assuming the 2012 revenue and student enrollment goals are met, what will be the average annual growth rate of tuition for 2009 to 2012?
The average annual growth rate of tuition for 2009 to 2012 would be 20% if the 2012 revenue and student enrollment goals are met.
Assuming the 2012 revenue and student enrollment goals are met, the average annual growth rate of tuition for 2009 to 2012 can be calculated using the following equation:
Average Annual Growth Rate of Tuition = ((2012 Tuition - 2009 Tuition) / 2009 Tuition) / 3. Where 3 is the number of years between 2009 and 2012.
For example, if the 2012 tuition is $20,000 and the 2009 tuition was $15,000, then the average annual growth rate of tuition for 2009 to 2012 would be calculated as follows:
Average Annual Growth Rate of Tuition = ((20,000 - 15,000) / 15,000) / 3 = 0.2 or 20%
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