Facing and resolving ethical dilemma is challenging. When presented with ethically ambiguous situations, this question can help you make good decisions: Is the action you are considering legal? (A)
Ethical dilemma is a condition when a decison maker is stucked between 2 possible options and neither of which is absolutely acceptable from an ethical perspective.
To overcome the ethical dilemma faced, a decision maker could follow the following approach:
Refute the paradox (dilemma) Value theory approachFind alternative solutionsRefute the paradox or dilemma by elilminating the existence of dilemma based on the logical thinking. A decision maker must be carefully analyzed the situation and do some reevaluation to the dilemma present.
Value theory approach helps a decision maker to choose the alternative that offers the greater good and the lesser evil. A decision maker should make a comparation between each options and compare both their good and bad sides.
Find alternative solutions by reconsidering the problem. A decision maker could find a new and probably better solution if he looks the problem from different point of view. Option from third trusted or professional party could also help to broaden the point of view a decisoin maker has to the problem.
Based on the questions we have from the case, we could implement all the 3 theories in the option A.
By asking whether our action is considering legal, we are eliminating some dilemmas by making a border between the right and wrong actions from law point of view. This question at the same time implicates the Value Theory Approach by clearly evaluate the existence options' values. If we find that the options we have is considered as illegal, we could implement the third approach by finding other alternative solutions to address the problems we have.
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While it might be less expensive for a US company to assemble automobile parts in New Zealand, these cost savings would be offset by ____________________ (transportation, labor) costs and make it impractical to move operations there.
While it may be cheaper for US companies to assemble auto parts in New Zealand, these cost savings are offset by transportation costs, making it impractical to move operations there.
How can the cost of savings be improved?Cost savings can be improved keeping in mind: Reduce expenses, Identify tools and resources that are critical to your business and consider deferring purchases of new items, Avoid IT upgrades, Invest in gear, Rethink research and development, reduce travel, Evaluate employee benefits, check the availability of facilities, Re-evaluate partnerships.
What are offset cost and how is it important?Compensation costs include the direct or indirect costs necessary to take actions that lead to cost avoidance. Charged costs are projected costs that are funded in the annual budget allocation but are not executed due to ongoing operations or are being redirected to meet higher priority needs.Cost reduction leads to increased sales. Reduced expenses increases a company's revenue and its profit margins. Reducing the cost of doing business proves to be an important factor in margins increase. Using a cost-saving solution can bring many benefits to your businessTo learn more about cost savings visit:
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Which inventory costing method most closely approximates current cost for each of the following?
a. Ending Inventory (FIFO), Cost of Goods Sold (FIFO)
b. Ending Inventory (FIFO), Cost of Goods Sold (LIFO)
c. Ending Inventory (LIFO), Cost of Goods Sold (FIFO)
d. Ending Inventory (LIFO), Cost of Goods Sold (LIFO)
The inventory costing method most closely approximates current cost is ending Inventory (FIFO), Cost of Goods Sold (LIFO) (option B).
What is FIFO and LIFO?LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold. When LIFO is used, the cost of goods sold would be made up of goods that were most recently purchased so it would reflect current cost. Ending inventory would be made up of earlier purchased goods.
FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold. When FIFO is used, the cost of goods sold would be made up of goods that were purchased the earliest. Ending inventory would be made up of the latest purchased inventory. It would most reflect the current cost.
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which one of the following statements best describes what has developed in these two modes of musical creativity over the past three centuries?
“Music” is one of the maximum difficult phrases to define, in part due to the fact ideals about music have modified dramatically over time just in Western tradition on my own.
If we observe song in unique elements of the sector, we discover even more variations and thoughts approximately what music is.
Definitions range from practical and theoretical (the Greeks, as an example, defined tune as “tones ordered horizontally as melodies and vertically as concord”) to quite philosophical
“tune is a gadget of communique related to dependent sounds produced by way of contributors of a community that communicate with other individuals” Ethnomusicologist John Blacking pronounces that “we will pass in addition to say that tune is sound that is humanly patterned or prepared” (1973), overlaying all the bases with a very huge stroke.
A few theorists even consider that there may be no widely wide-spread definition of song due to the fact it's so culturally unique.
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an example of a final good in national income accounts would be new: an example of a final good in national income accounts would be new: flowers purchased by homeowner lenny davis lawn mowers purchased by cut-rite mowers chemicals purchased by green grass lawn care trees bought by north dallas garden center
Flowers purchased by homeowner Lenny Davis would be an example of final good in national income. ( Option A )
- The goods that don't need any more processing are referred to as final goods. These products, also referred to as consumer goods, are created with the intention of being consumed directly by the final user.
- Only new goods are included when using the term "final goods" in measures of national income and output. To avoid double counting due to resale of goods, the gross domestic product (GDP) excludes items counted in an earlier year.
- The assessment of national income only takes into account the value of final goods and services; the value of intermediate commodities is left out. This is so because the value of final items already accounts for the value of intermediate goods.
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damen's co. sells merchandise with a list price of $500 and collects sales tax of $50. the sales tax would be recorded with a credit to which account?
When an trader or seller sells goods at a list price along with charging sales tax, then sales tax would be recorded with a credit to credited to Debtors or Buyer's account.
What is Sales Tax?Sales tax is an indirect tax and levied at the time of transfer of property in goods and shall be payable to the government of that country where sales are conducted. It will be treated as current liability and seller shall collect sales tax from customers and paid to govt.
Following accounting treatment shall be done at the time of recognizing revenue & current liability of sales tax as per :
Debtors A/c / Buyer's A/c / Trade A.c Dr. 500$
To Sales A/c Cr. 450$
To Sales Tax payable A/c Cr. 50$
(Being item sold by Damen's Co. to its buyer and book current liability of sales tax payable to government)
Thus it is cleared from the above journal entry, recording of sales tax.
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Answer:sales tax payable
Explanation:
in the following case, either a recessionary or inflationary gap exists. assume that the aggregate supply curve is horizontal so that the change in real gdp arising from a shift of the aggregate demand curve equals the size of the shift of the curve. calculate the magnitude of both the change in government purchases of goods and services and the change in government transfers necessary to close the gap. real gdp equals $250 billion, potential output equals $200 billion, and the marginal propensity to consume is 0.5.
A reduction in value; inflation.
b. $25 - multiplier = 2x, which is 50/2 = 25.
c. $50: multiplier = 2 times MPC, thus 50/1 is $50.
How do you calculate inflationary gap ?By deducting the potential GDP at full employment from the actual GDP, the inflationary gap is determined. There is an inflationary gap if the outcome is positive. The government can employ fiscal policy or monetary policy to bridge an inflationary gap and go back to potential GDP.Real or Actual GDP - Expected GDP equals the inflationary gap.A measure of excess aggregate demand above aggregate potential demand at full employment can be used to define an inflationary gap.In contrast to an inflationary gap, which is associated with a negative GDP gap where actual GDP is higher than potential, a recessionary gap is associated with a positive GDP gap where actual GDP is lower than potential.Learn more about inflationary gap refer to :
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Suppose a new product is developed and is supplied by a monopolist with a patent. Compared with the monopoly outcome, indicate whether consumer surplus, producer surplus, and total surplus increase, decrease, or remain the same under the following scenarios.
a. Consumer surplus, producer surplus, and total surplus all stay the same. A colluding duopoly has the same outcomes as a monopoly.b. Consumer surplus increases; producer surplus decreases; total surplus increases.c. Consumer surplus increases; producer surplus decreases; total surplus increases.
In the above scenario, the consumer surplus decreases while the producer surplus decreases.
What is consumer surplus?When the price that consumers pay for a product or service is less than the price that they are willing to pay, this is referred to as a consumer surplus. It is a measure of the additional advantage that customers gain as a result of paying less than they were prepared to pay for something.
The overall utility of an item surpasses the entire market value under the rule of declining marginal utility, since customers would be prepared to pay the market price even at the lowest utility; any excess utility is termed consumer surplus.
The whole amount a producer gains by producing and selling a quantity of an item at market price is referred to as producer surplus. The producer surplus is equal to the entire money a producer obtains from selling their goods less the marginal cost of production.
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true or false: economic forces are some of the more stable forces in the external business environment.
an activity to acquire, develop, and use power and other resources to obtain desired future outcomes when there is uncertainty or disagreement about choices is called:
When there is uncertainty or dispute over options, organizational politics refers to attempts to acquire, develop, and use power and other resources to influence others and achieve the desired conclusion.
Give a thorough explanation of organizational politics.In order to increase the possibility that their companies will experience success, employees engage in self-serving organizational politics activities. Without contemplating the potential effects on the organization as a whole, people may use their power to pursue personal interests.
How does organizational politics accomplish its purpose?To compete for the scarce resources, people band together with like-minded individuals in organizational politics. They will behave in ways that are typically seen in governmental organizations, such as bargaining, negotiating, creating alliances, and resolving conflicts of interest.
What political tactics are used in organizations?In organizational politics, individuals band together with like-minded others to compete for scarce resources. They will behave in ways that are typically seen in institutions of government, such as bargaining, negotiating, creating alliances, and resolving conflicts of interest.
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Genevieve really wants to know more about programming and has been taking classes on EdX after work and on weekends. Her work does not require her to be able to code, but she is proud of herself for learning how to do it anyway. Genevieve is _________ motivated.
intrinsically
Her programming work does not require her to be able to code, but she is proud of herself for learning how to do it anyway. Genevieve is intrinsically motivated.
Programming is the technique of creating a fixed of commands that tell a computer the way to carry out a project. Programming can be executed using a selection of laptop programming languages, such as JavaScript, Python, and C++.
Programming calls for great knowledge of programming talents and properly software program development tools to manage them in a higher manner.
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As Operations Manager, you attended an Aggregate Production Planning Meeting during which you discussed a number of different subjects. Which of the following was probably not discussed?
Answers:
1. Sales by product type during the next 18 months.
2. The number of people required to execute the plan.
3. The monthly inventory at the end of the planning period.
4. Raw material delivery problems.
5. All of the above items should be discussed.
During the Aggregate Production Planning Meeting of the items above must be discussed. It is because all of the items above are the most important things in the production and planning meeting.
Aggregate planning generally can be defined as a method for developing, analyzing, and also maintaining a manufacturing plan with an emphasis on uninterrupted, consistent production. Aggregate planning most often focused on targeted sales forecasts, production levels in the mid-term (3-to-18-month) future, and also inventory management. The items of that including sales by product, people who involved in the project, monthly inventory, and also delivery problems is the most important items during aggregate planning.
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on september 1, home store sells a mower (that costs $180) for $480 cash with a one-year warranty that covers parts. warranty expense is estimated at 10% of sales and is recorded at the time of the sale. on january 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $34 in materials taken from the repair parts inventory.
Sep 1 Cash a/c.............dr 480
To Sales a/c 480
Sep 1 Cost of goods sold .............dr 180
To Merchandise inventory 180
Sep 1 Warranty expense................dr 48
To Estimate warranty liability 48
Jan 24 Estimated warranty liability.....dr 34
To Repair parts inventory 34
The cost of fixing, replacing, or refunding a defective product is known as a warranty expense. A warranty has a warranty period during which the seller or maker of the product is responsible for any flaws that may surface while the product is being used.
Debit the warranty expense account and credit the warranty liability account to accumulate the warranty expense. Debit the warranty liability account for the cost of the replacement items and parts shipped to consumers as actual warranty claims are received.
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The question is incomplete. The full question is:
on September 1, the home store sells a mower (that costs $180) for $480 cash with a one-year warranty that covers parts. warranty expense is estimated at 10% of sales and is recorded at the time of the sale. on January 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $34 in materials taken from the repair parts inventory. Prepare the September 1 entry to record the mower sale (and cost of sale) and the January 24 entry to record the warranty repairs.
A VC fund screened and decided to invest $5 million into a portfolio company. The term sheet is going to be finalized after the valuation of the portfolio company by VC method. What are other factors to be considered that will affect cash flows and valuation?
Group of answer choices
liquidation preference
security type (PCP, etc.)
All the above
As per the VC method, The other factors to be considered that will affect cash flows and valuation is security type (PCP, etc.)
VC method:
VC method is often used in valuations of pre revenue companies where it is easier to estimate a potential exit value once
Given,
A VC fund screened and decided to invest $5 million into a portfolio company. The term sheet is going to be finalized after the valuation of the portfolio company by VC method.
Here we need to find the other factors to be considered that will affect cash flows and valuation.
While we looking into the given question, the term sheet is going to be finalized after the valuation of the portfolio company by VC method.
So, the factors that to consider are:
Characteristics of the Company
Characteristics of the Investor
Purpose of Investment
Multiple Models
Security
Related Articles.
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nina's investment account was valued at $15,000 but then lost 13% of its value. what percent increase is needed for the investment account to return to its previous value?
A 14.95% increase is needed for the investment account to return to its previous value.
Investment accounts are those that keep stocks, bonds, finances and other securities, as well as cash. A key difference among an funding account and a bank account is that the price of property in an investment account fluctuates and can, in reality, decline.
Investing is an powerful way to have your cash give you the results you want and construct wealth. maintaining coins and financial institution savings accounts are considered secure strategies, however making an investment your cash permits it to develop in price through the years with the advantage of compounding and lengthy-term boom.
That match is unfastened cash and a guaranteed go back in your investment. You could begin with as little as 1% of every paycheck, although it's a good concept to aim for contributing as a minimum as a whole lot as your agency match.
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Thomas, CPA, has examined the consolidated financial statements of Kass Corporation. Jones, CPA, has examined the financial statements of the sole subsidiary which is material in relation to the total examined by Thomas. It would be appropriate for Thomas to serve as the group engagement partner, but it is impractical for Thomas to review the work of Jones. Assuming an unmodified opinion is expressed by Jones, one would expect Thomas to
Refuse to express an opinion on the consolidated financial statements.
Express an unmodified opinion on the consolidated financial statements and not refer to the work of Jones.
Express an unmodified opinion on the consolidated financial statements and refer to the work of Jones.
Express a qualified opinion on the consolidated financial statements and refer to the work of Jones.
c) Assuming an unmodified opinion is expressed by Jones, one would expect Thomas to Express an unmodified opinion on the consolidated financial statements and refer to the work of Jones.
What is an unmodified opinion?
If all the information in the financial statement is materially correct, the opinion of the auditors will be an un-modified opinion.
When an auditor expresses an unmodified opinion?
An auditor expresses an unmodified opinion when they can sufficiently determine that the financial statements are free of material misrepresentation. This indicates that the constraints were satisfied and that the statements were prepared in accordance with accounting principles, standards, and benchmarks.
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A known liability arises from a situation with little uncertainty, with set agreements, contracts, or laws. These liabilities are measurable. Known liabilities would include all of the following items, except
warrenties
A known liability arises from a situation with little uncertainty, with set agreements, contracts, or laws. These liabilities are measurable. Known liabilities would include all of the following items, except warranties.
Known Liabilities are liabilities that get up from transactions or occasions with very little uncertainty. These liabilities are installed with the aid of using agreements, contracts, or laws, and are measurable.
An enterprise can update an account payable with a notice payable. A not unusual place instance is a creditor that calls for the substitution of an interest-bearing notice for a past due account payable.
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Are CDs offered at variable rates?.
Variable-fee CDs are a unique form of certificates of deposit that permits the hobby fee to fluctuate. This may be useful for the duration of instances of excessive hobby fees permitting the fee of go back to move up. But it could be a hassle while hobby fees are low restricting the go back for your investment.
All varieties of CDs are a financial savings account that have constant making an investment term. That method they maintain your cash for a sure quantity of time, be it six months or numerous years.
Accessed Nov 2, 2022. This alternate would not at once enhance or decrease fees on certificate of deposit, however it could have an effect on them indirectly. When there is a Fed fee increase, you may see better CD fees.
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suppose that michale company operates in an environment of rising prices and utilizes the periodic inventory system. if the company were to use the lifo inventory method, its cost of goods would be $500,000; if it were to use the fifo method, its cost of goods sold would be $400,000. based on this information, which of the following predictions would be correct with respect to the weighted-average cost method?
The predictions that would be correct with respect to the weighted-average cost method is D. Cost of goods sold would be between $400,000 and $500,000.
What exactly is a periodic inventory system?A periodic inventory system is a type of inventory valuation in which the inventory account is updated once per accounting period rather than after each sale and purchase. Within an accounting period, the method allows a company to track its beginning and ending inventory.
Periodic inventory is an inventory system in which updates are made on a regular basis. This is in contrast to perpetual inventory systems, where updates are made as needed. A periodic inventory system makes no effort to keep accurate records of inventory or cost of goods sold.
The FIFO method is used to estimate cost flows. As items progress to later stages of development and finished inventory items are sold, the associated costs with that product must be recognized as an expense. The cost of inventory purchased first is assumed to be recognized first under FIFO, lowering the dollar value of total inventory.
In this case, the cost will be between the amount illustrated. The correct option is D.
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Complete question
suppose that michale company operates in an environment of rising prices and utilizes the periodic inventory system. if the company were to use the lifo inventory method, its cost of goods would be $500,000; if it were to use the fifo method, its cost of goods sold would be $400,000. based on this information, which of the following predictions would be correct with respect to the weighted-average cost method?
a. Cost of goods sold would be between $100,000 and $200,000.
b. Cost of goods sold would be between $200,000 and $300,000.
c. Cost of goods sold would be between $300,000 and $400,000.
d. Cost of goods sold would be between $400,000 and $500,000.
In a manufacturing company, the _____ _____ budget details the raw materials that must be purchased to fulfill the production budget and to provide for adequate inventories:
direct materials
In a manufacturing company, the direct materials budget details the raw materials that must be purchased to fulfill the production budget and to provide for adequate inventories.
The production budget, which establishes the number of products that must be produced, is created by combining the sales estimate and the projected amount of finished goods inventory that will be on hand . The production budget is manufacturing up mostly of three different categories of expenses: direct material costs, the direct labour costs, and overhead costs. Examples include payments due for rent, utilities, insurance, office staff salaries, and supplies, among the others.
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Sometimes maximizing sales will come at the expense of __________, so it is necessary to ensure that the latter remains at acceptable levels
Sometimes maximizing sales will come at the expense of profits, so it is necessary to ensure that the latter remains at acceptable levels. Marketers penetration is a tactic customers employed when a company wants to boost sales growth of its current goods or services to its current markets in order to expand its market share.
Marketers who are at the mature stage frequently concentrate on specialized markets do so by utilizing promotional techniques, message, and tactics intended to gain new market share in these sectors. The focus moves from attracting new customers to expanding the existing market because there is no fresh growth. Product, profits, place, and promotion make up the marketing mix.
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discuss how to apply the quality management model in the development of a new program like teen obesity.
An company, product, or service is consistently functional thanks to quality management. Quality planning, quality assurance, quality control, and quality improvement are its four key parts.
The goal of quality management is to improve both the product and service quality as well as the methods utilized to do so. To achieve more consistent quality, quality management therefore employs quality assurance and control of both processes and products. A component of quality management is quality control. Quality is determined by what a consumer wants and is willing to pay for. It is a verbal or written pledge made to a consumer in the market, whether they are well-known or not. The degree to which a product fulfils its intended purpose is a measure of quality.
A framework for understanding the interaction between personal and environmental influences on behavior is provided by the social ecology model (SEM). The SEM has been used to examine pediatric obesity treatments and identify factors that have an effect on behavior at every level.
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a job pays a salary of $32, 000 the first year. during the next 11 years, the salary increases by 2% each year. what is the salary for the 10th year? what is the total salary over the 10-year period? (round to the nearest cent.)
The total amount earned on the job equals to $350,391.07.
How do we determine the total earning?The given parameters are:
Initial salary, a = 32,000
Rate, r = 1 + 2% = 1.02
Number of years = 10
The sum of n terms of a geometric progression is represented as:
Sn = a((r^n) - 1)/(r - 1)
So, we have:
S10 = 32,000* ((1.02^10) - 1)/(1.02 - 1)
S10 = 350391.071992
S10 = $350,391.07 Hence, the total amount earned on the job equals to $350,391.07.
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which of the following statements about the southern economy before the civil war is true? the slave population continued to grow as new slaves were imported from abroad. the southern climate was ideal for the cultivation of cotton. slavery began to diminish after the invention of the cott
Before the civil war, the slave population continued to grow as new slaves were imported from abroad.
Did slavery cause the civil war?
For many years, people have been debating whether or not slavery played a part in starting the Civil War.
Today, the majority of professional historians concur with Alexander Stephens that the issue that ignited the American Civil War, which lasted from 1861 to 1865, was slavery and the situation of African Americans.
Slaves from Africa primarily labored on the southern coast's tobacco, rice, and indigo plantations during the 17th and 18th centuries.
Slave traffickers forcibly took Africans into their possession and transported them on slave ships, where they experienced the "Middle Passage"—the Atlantic journey from Africa to the colonies of North America or the West Indies—for months. Many Africans who made the voyage did not make it.
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A non-discriminating monopolist is selling 6 units at a price of $12. If the marginal revenue of the seventh unit is $5, then:
price of the seventh unit is $10.
price of the seventh unit is $11.
price of the seventh unit is greater than $12.
price of the seventh unit is $5.
Assuming the demand curve that a pure monopolist faces is downward-sloping, its total revenue:
is rising.
is falling.
may be either rising or falling.
must be negative.
A non-discriminating monopolist is selling 6 units at a price of $12. If the marginal revenue of the seventh unit is $5, then price of the seventh unit is $11.
Assuming the demand curve that a pure monopolist face is downward sloping, its total revenue: may be either rising or falling.
A monopolist refers to an individual, group, or business enterprise that dominates and controls the marketplace for a particular appropriate or provider.
This loss of opposition and shortage of alternative items or offerings approach the monopolist wields sufficient strength withinside the market to price excessive prices.
The call for curve is a graphical illustration of the connection among the rate of a very good or provider and the amount demanded for a given length of time. In a standard illustration, the rate will seem at the left vertical axis, the amount demanded at the horizontal axis.
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Exchange of cultural objects, such as the Hiapo cloth, represented which of the following in Pacific culture?
a) establishment of complex wedding rituals
b) increased status for the clan and its leader
c) reduction of the restrictions placed on women
d) suspension of hostilities between clans
Cultural object exchanges, like that of the Hiapo fabric, symbolized the development of intricate wedding rites in Pacific culture.
What is trade or exchange?The terms "exchange" and "trade" describe the same activity—individuals who possess one thing and desire another may freely swap or trade it with one another. The phrase "exchange" frequently emphasizes trades that take place within a particular nation or region. The word "trade" frequently highlights global elements.
What is an example of exchange?When you trade something, you put something else in its place, usually something better or more satisfying. A talk that lasts only a few sentences and is typically tense. An episode where people shoot weapons or missiles at one other is called an exchanges of fire, for instance.
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during july, laesch company, which uses a perpetual inventory system, sold 1,320 units from its lifo-based inventory, which had originally cost $18 per unit. the replacement cost is expected to be $31 per unit. required: respond to the following two independent scenarios as requested. case 1: in july, the company is planning to reduce its inventory and expects to replace only 920 of these units by december 31, the end of its fiscal year. 1. prepare the entry in july to record the sale of the 1,320 units. 3. prepare the entry for the replacement of the 920 units in september at an actual cost of $36 per unit. case 2: in july, the company is planning to reduce its inventory and expects to replace only 260 of its units by december 31, the end of its fiscal year. 1. prepare the entry in july to record the sale of the 1,320 units. 2. in december, the company decided not to replace any of the 1,320 units. prepare the entry required on december 31 to eliminate any valuation accounts related to the inventory that will not be replaced.
Leash company uses a perpetual inventory system and LIFO-based inventory. Leas has 1,320 units of inventory with original cost $13 per unit. Leash is planning to replace some of its inventory and expects its replacement to cost $31 per unit. The entries for each cases are:
Case 1: Leash replaces 920 units of its inventory with cost $36 per unit.
COGS (920 x $36 + 400 x $18) $35,720
Inventory (1,320 x $18) $23,760
Excess of inventory replacement costs $11,960
Inventory (920 x $18) $16,560
Excess of inventory replacement costs $11,960
COGS $4,600
Account Payable (920 x $36) $33,120
Case 2: Leash plans to replace 260 units of its inventory but then decides not to.
COGS (260 x $31 + 1,060 x $18) $27,140
Inventory (1,320 x $18) $23,760
Excess of inventory replacement costs $3,380
Excess of inventory replacement costs $3,380
COGS $3,380
Perpetual inventory system is an accounting method to record inventory of sales or purchasing activity immediately. Perpetual inentory allows a company to have real-time data about its inventory condition.
LIFO or last-in, first-out inventory basis allows a company to record its recent sales' inventory value based on the latest batch of inventory received.
From the question, we know that:
Original inventory = 1,320 units
Original cost = $18 per unit
Expected replacement cost = $31 per unit
Case 1
Inventory replaced = 920 units
Replacement cost = $36 per unit
COGS (920 x $36 + 400 x $18) $35,720
Inventory (1,320 x $18) $23,760
Excess of inventory replacement costs $11,960
Inventory (920 x $18) $16,560
Excess of inventory replacement costs $11,960
COGS $4,600
Account Payable (920 x $36) $33,120
Case 2
Expected inventory replaced = 260 units
Actual ivnentory replaced = 0 unit
COGS (260 x $31 + 1,060 x $18) $27,140
Inventory (1,320 x $18) $23,760
Excess of inventory replacement costs $3,380
Excess of inventory replacement costs $3,380
COGS $3,380
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calculate modified duration using the information provided. do not round intermediate calculations. round your answer to two decimal places. use only the data provided in the table above (in the problem statement) for your calculations.
The maturity date can be defined as the moment in time when the principal of a fixed income instrument must be repaid to an investor
How did this occur?
In the given question as we know,
Duration is inversely proportional to coupon and maturity
=Macaulay Duration / (1+yield/2)
=8.07 / (1+10%/2)
=7.6857
Hence, in the above case Duration is 7.6847
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Full Question :
The Clarence Corporation has issued bonds that pay semiannually with the following characteristics:
Coupon 10 %
Yield to Maturity 10 %
Maturity 10 %
Macaulay Duration 8.07 years
Calculate modified duration using the information provided. do not round intermediate calculations. round your answer to two decimal places. use only the data provided in the table above (in the problem statement) for your calculations.
assume that the public holds part of its money in cash and the rest in checking accounts. if the central bank lowers the reserve requirement from 20 percent to 10 percent, the money supply will
The money supply will increase by less than double if the central bank lowers the reserve requirement from 20 percent to 10 percent. It is because the public holds part will increase in conjunction with lower reserve requirement for the central bank.
Reserve requirements generally can be defined as the amount of funds that a bank holds in reserve to ensure that it is able to meet liabilities in case of sudden withdrawals. To decrease or increase the money supply in the economy and influence interest rates, Reserve requirements also used as a tool by the central bank.
Based on the story above, reserve requirement for the central bank is decrease 10 percent or a half of 20%. So the money supply will increase double.
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an employee paid a company back for amounts the company lent 3 months earlier. the company would record the collection from the employee by .
Reimbursements under non-accountable plans will be subject to income tax, FICA tax, and unemployment tax. In essence, nonaccountable plan reimbursements are wages and must be reported on the employee's W-2.
How should I submit my repaid business expenses?You are not required to report the amount since reimbursements made under the accountable plan are not considered earnings and are not subject to tax. On the Form W-2, leave off the sum from the employee's salary. Instead, enter a code L in Box 12 of the Form W-2.
Are business expenses that are repaid treated as income?Employees who get reimbursement for business costs under a non-accountable plan are regarded to have earned income, and their W-2 forms must reflect this.
How should I classify reimbursed expenses?Since your deposit and reimbursement do not count as business-related revenue or expenses, you can classify them as transfers. This can be used in situations where you pay a business expense using personal finances and then pay yourself back. They won't be considered while calculating your taxes.
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Answer:
debiting Cash and crediting Notes Receivable
Explanation:
in order to guide the designer in reducing the part count, the methodology provides three criteria against which each part must be examined as it is added to the product during assembly. which of the following are those three criteria?
In order to guide the designer in reducing the part count, the methodology provides three criteria against which each part must be examined :
Must the part be separate from all other parts to allow the disassembly of the product for adjustment or maintenance.During the operation of the product, does the part move relative to all other parts already assembledMust the part be of a different material than, or be isolated from, other parts already assembled.What is maintenance?The technical meaning of maintenance includes functional testing, maintenance, repair or replacement of necessary electrical appliances, equipment, machinery, building infrastructure and ancillary utilities in industrial, commercial and residential complexes.Maintenance, also known as technical maintenance, refers to the set of processes and practices intended to ensure the continuous and efficient operation of machinery, equipment and other types of assets normally used in business .Maintenance is the process of maintaining something or someone. It means that the state is maintained. The term also refers to financial support, or financial support of a person. Especially to provide them with living expenses.Preventive maintenance - includes regular and periodical (time-based) schedules. Corrective maintenance – Occurs when a problem is identified. Routine maintenance - according to factory schedule. Condition-Based Maintenance – Occurs when conditions or conditions indicate the need for maintenance.To learn more about maintenance from the given link :
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