Answer:
Explanation:
hansen corporation has determined its year-end inventory on a LIFO basis to be 603000. Information pertaining to that inventory is as follows:
The reported value of Madison's inventory must be $617000
How Madison's reported value is estimated?
Value of Madison's inventory = Lower cost of net realizable value
Net Realizable value = Selling Price - Selling costs
Net Realizable value = $737000-$38400
Net Realizable value = $698600
Therefore cost of inventory on a LIFO basis = $617000
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Which of the four inventory approaches is best suited to inventories of high-priced, low-volume items?.
Specific identification is one of the four inventory approaches is best suited to inventories of high-priced, low-volume items.
How does inventory work?Inventory refers to all the products, services, and supplies that a business keeps on hand with the intention of reselling them for a profit. Example: If a newspaper seller uses a vehicle to deliver newspapers to customers, just the newspaper will be recognized as inventory.
What are some essentials of inventory?The basic definition of inventory is the resources or "stuff" that your business has. These are in two varieties: tangible (i.e., goods and materials) and intangible (e.g., software). Typically, when we refer to inventory, we simply mean all the items that the business has kept on hand for sale.
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chicago company reported the following information at the end of the current year: common stock ( $7 par value; 45,000 shares outstanding) $ 315,000 preferred stock, 10% ( $12 par value; 9,000 shares outstanding) 108,000 retained earnings 286,000 the board of directors is considering the distribution of a cash dividend to the two groups of stockholders. no dividends were declared during the previous two years. assume the three cases below are independent of each other. case a: the preferred stock is noncumulative; the total amount of all dividends is $36,000. case b: the preferred stock is cumulative; the total amount of all dividends is $32,400. case c: the preferred stock is cumulative; the total amount of all dividends is $91,000 .
Chicago needs to budget $517,000 for the cost of the new building and $64,000 for the cost of the land.
What are stocks?An investment that represents ownership in a portion of the issuing corporation is referred to as a stock, which is also known as equity. Shares, commonly referred to as units of stock, give its owners a proportionate share of the company's assets and earnings based on the number of shares they own.
Stocks, which are typically purchased and sold on stock exchanges, make up the majority of individual investors' portfolios.
Stock trades must adhere to regulations set forth by the government to protect investors from deceptive practices.
Hence, In order to cover the cost of the new structure and the property, Chicago must set aside $517,000 and $64,000, respectively.
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economic theory suggests that interest rates are important than interest rates in explaining investment behavior.
Economic idea is based totally on the assumption that investors and shoppers are rational and very “efficient machines,” namely, that they make the high-quality selections for themselves.
Laboratory tests reveal that investors' behavior is a lot more complex relative to the conduct assumed in most financial theories.
What is monetary concept and its importance?The motive of an financial concept is to strive to describe and give an explanation for how economies work. This entails analyzing, defining, and describing various financial forces and variables that have an effect on economies.
The four monetary theories are supply aspect economics, new classical economics, monetarism and Keynesian economics.
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https://brainly.com/question/1366201#SPJ4What are the 4 roles of government in business?.
The founding fathers of our country envisioned a relatively restricted role for the government in economic concerns in order to secure and maintain economic freedom as well as political freedom.
What four roles does the government play in business?In market economies, economists recognize six primary roles for governments.Governments, in addition to providing the legal and social framework, maintain competition, provide public goods and services, redistribute income, account for externalities, and stabilize the economy.A government serves as the system of law and order for a country, state, or other political entity. A government is in charge of social norms, as well as the military, foreign policy, the economy, and public services.While all governments have similar duties, they are carried out in different ways depending on the type of government. Among the various forms of government are direct democracy, representative democracy, socialism, communism, monarchy, oligarchy, and autocracy.To learn more about roles of government to:
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under the sarbanes-oxley act of 2002, accountants must retain working papers relating to an audit or review for a certain period of time. true false
False, under the Sarbanes-Oxley act of 2002, accountants must retain working papers relating to an audit or review for seven years.
What is Sarbanes-Oxley act?The Sarbanes-Oxley Act of 2002 is a federal law that establishes extensive audit and financial regulations for publicly traded companies. Legislators have created laws to protect shareholders, employees, and the general public from accounting errors and fraudulent financial practices.In 2002, the US Congress passed the Sarbanes-Oxley Act (SOX) to protect shareholders and the public from corporate accounting errors and fraud and to improve the accuracy of corporate disclosures.The Sarbanes Oxley Act requires all financial reports to include an internal control report. This indicates that the company's financial information is accurate and appropriate controls are in place to protect financial information. An annual report is also required.To learn more about Sarbanes-Oxley act from the given link :
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increases in government spending are not very effective in offsetting real shocks because they shift the:
Increases in government spending are not very effective in offsetting real shocks because they shift the aggregate demand.
Definition of Aggregate DemandAggregate demand is the value of all requests for all types of goods and services produced in a certain period. The demand value contained in this aggregate will be expressed in terms of the overall value used for these goods and services up to a more specific price level and at a certain time period.
Some things that include aggregate demand are all consumer goods, capital goods used for the production process, import-export activities, and state government spending programs. Each of these variables will be considered the same as long as they are traded at the same market value.
This aggregate demand can also be calculated over a long period of time, which is often referred to as GDP or Gross Domestic demand. If this GDP will describe the total value and also the goods produced, then aggregate demand will represent the desire for goods and services.
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what is the total amount of medical expenses (before considering the limitation based on adjusted gross income) that would enter into the calculation of itemized deductions on rasheed's 2021 income tax return?
The total amount of medical expenses that would enter into the calculation of itemized deductions on Rasheed's 2021 income tax return exceeds 7.5% of your adjusted gross income.
The IRS allows all taxpayers to deduct eligible non-refundable medical expenses in excess of 7.5% of adjusted gross income. Instead of receiving a standard deduction, you must list the deduction on your IRS Schedule A to deduct medical expenses.
Item deductibles include state and local income or sales taxes property taxes personal property taxes mortgage interest and amounts paid for disaster losses. You can also include a portion of the amount you pay for charity donations or medical or dental bills. Pay interest on up to two mortgages. State and local income or sales taxes.
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the cultural and economic changes that result from dramatic increases in international trade and exchange are called
Globalization refers to enormous advances in worldwide trade and exchange that lead to corresponding cultural and economic developments.
What is Globalization?The interaction and integration of individuals, organizations, and governments on a global scale is known as globalization. The term "globalization" first surfaced in the early 20th century, took on its current meaning sometime in the second half of the century, and gained widespread acceptance in the 1990s as a way to describe the unprecedented global connectivity of the post-Cold War era. Due to developments in transportation and communications technology, its beginnings can be found in the 18th and 19th centuries. A rise in international trade as well as the exchange of ideas, beliefs, and cultures has been brought on by this increase in global interactions. Globalization is mainly a social and cultural phenomenon that has economic interactions and integration.
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ABC Hardware Store orders one hundred power band drills from Drilling Tools Inc. When the hand drills are delivered they are all missing pieces. ABC rejects the shipment To exercise a right to cure, Drilling must O a. pick up the nonconforming tools before the end of the business day O b.pay a cure fee O center into a new contract with ABC Od promptly notify ABC of the intent to cure.
Option B. When the hand drills are delivered they are all missing pieces. ABC rejects the shipment To exercise a right to cure, Drilling must pay a cure fee.
What is a cure fee?All fees paid by the Purchaser necessary to remedy any defaults under any Executory Contract or Unexpired Lease that is to be assumed and/or assumed and assigned by the Debtors are referred to as Cure Cost (or such lesser amount as may be agreed upon by the parties under an Executory Contract or Unexpired Lease).
All of the pieces are missing when the hand drills are arrived. ABC refuses the delivery. Drilling is required to pay a cure fee in order to use a right to cure.
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describes how often the audience is exposed to a specific marketing communication, such as an advertisement, within a specified period of time.
Frequency refers to how frequently an audience is exposed to certain marketing communication, such as an advertisement, over the course of a predetermined amount of time.
What are advertisements?A product, brand, or service is advertised to a viewership through the use of an advertisement to pique their attention, encourage interaction, and increase sales. Advertisements, often known as advertisements or adverts, exist in a variety of formats, from copy to interactive video, and have developed into an essential component of the app store.
Reaching an audience is assured with advertisements. Advertisements can have a direct impact on business by being compelling and spending sufficient to appeal to the people.
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Why are firms willing to accept losses in the short run but not in the long run?.
The reason why firms are willing to accept losses in the short run but not in the long run is that E. There are sunk costs in the short run but not in the long run.
What are sunk cost?In economics and business decision-making, a sunk cost can be explained as the cost which has ben been incurred and as a result of this it ca not be recovered.
It should be noted that Sunk costs are contrasted with prospective costs, and may be avoided if action is taken, however the firms are willing to accept losses in the short run due to the fact that sunk costs are present in the short run .
Therefore, option E is correct.
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missing options
A. Firms cannot shut down in the short run.
B. Fixed costs are larger in the long run than in the short run.
C. Firms are price takers in the short run but not in the long run.
D. It is always profitable to incur losses in the short run because profits will always arise in the long run.
E. There are sunk costs in the short run but not in the long run.
the long-run budget constraint dictates that: the present value of trade balances is zero taken to infinity. the present value of wealth is equal to zero taken to infinity. the present value of wealth is exactly offset by the present value of trade balances. if the present value of wealth is positive, the nation cannot afford future trade deficits on average.
The long-run budget constraint states that a country's expenditures and productions must be equal in present and future value.
What is long run budget?A long-range budget is a financial strategy that covers a period of time longer than one year.
This kind of budget often spans a five-year term and is concentrated on the corporate strategy.
This budget is focused on risk management, acquisitions, capital investments, and new product planning. The long-range budget often consolidates a lot of the data found in an annual budget into a smaller number of line items because it is challenging to anticipate this far in advance due to changes in competition levels and the economic cycle.
When a company enters a new market, management rarely creates long-term budgets since the industry is changing too quickly for such planning to be beneficial. In well-established industries, it is more widespread.
Hence, The long-run budget constraint states that a country's expenditures and productions must be equal in present and future value.
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as firms attempt to internationalize, they may be tempted to locate their facilities where business regulation laws are lax. discuss the advantages and potential risks of such an approach, using specific examples to support your response.
As businesses develop globally, they can be attracted to establish their facilities in countries with lenient business restrictions. Low cost markets—those with fewer rules generally cost less for corporations—help businesses gain a competitive edge.
Benefits: Since the licensors or franchisers don't have to invest as much money abroad, it is a more cheap way to start a business overseas.
Due to the lack of investment—if any—involved, the licensor's level of risk is minimal.
Risk: If business formulas and secrets are not properly protected, they could be made public in the market.
Conflicts between the licensee and the grantor may arise over the keeping of records, the payment of loyalty, the adherence to the standards, and other issues.
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select the statements below that are true about derivative securities. derivatives are not issued by firms. instead, they are contracts or bets between two secondary parties. if apple common stock is the underlying asset in a particular derivative security then apple will typically be the issuer of that security. a futures contract is a type of derivative security. preferred stock is a type of derivative security. the majority of large public firms use derivative securities to hedge various risks. a derivative security represents ownership in the underlying asset.
NASA firms make use of satellite tv for pc observations from the MODIS and VIIRS units to discover active fires and thermal anomalies and deliver these statistics in close to real-time to choice makers thru electronic mail indicators, evaluation prepared records, online maps, and web offerings.
The corporation's fireplace map is up to date every 5 minutes, but please note that the facts are derived from contraptions onboard polar-orbiting satellites (MODIS aboard Terra and Aqua and VIIRS aboard Suomi NPP and NOAA-20), and generally, those have 2 overpasses a day (extra towards the poles - see How often are the lively hearth facts.
Just sign up in your present USAJOBS account and overview its accuracy before applying for NASA vacancies. look for Jobs: After you have got finished your USAJOBS profile and built your resume, you may be geared up to apply for NASA job opportunities. Click right here to view jobs at NASA which are open to most people.
Activate the Wildfires layer: tap Layers. the Wildfires button. look for the fireplace: input a fireplace-associated query into the Maps search field, which includes “wildfires” or the name of a person's fireplace. tap the result to show the layer.
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how can you use excel to assist in project risk management? what other software can help project teams make better risk management decisions?
PERT analysis can be carried out using Project 2002, and it can also be used with other simulation tools like Risk+.Excel can also be used with simulation software.
The intuitive interface of nTask features inviting neutral colors and is user-friendly.You may prioritize issues, evaluate potential hazards, and assign them to various team members for monitoring with this security risk management program.
There are sufficient options for businesses and budgets of all sizes, but not every tool will benefit every team equally.
If you're working with a major enterprise organization, your risk management software budget and goals will obviously be very different from those of a small agency or solopreneur.
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The National Do-Not-Call Registry was created to give Americans a tool for maintaining their privacy on home telephone lines. More than __________ of all households are registered.
90%
95%
80%
30%
60%
In order to give Americans a means to protect their privacy on home telephone lines, the National Do-Not-Call Registry was established. Over 60% of homes contain registration information.
What is National Do-Not-Call Registry?If you are one of the more than 200 million people who have registered with the national Do Not Call Registry with the Federal Trade Commission, you are protected from approved telemarketers calling you with information and offers (FTC).
The Do Not Call Registry is unfortunately regularly ignored by dishonest people.
The National Do-Not-Call Registry was created to give Americans a way to safeguard their privacy on residential telephone lines. More than 60% of dwellings have registration data.
Prior to the Do Not Call Improvement Act of 2007, numbers were only listed on the Do Not Call Registry for a period of five years.
After February 2008, numbers placed into the registry are kept there forever.
Therefore, in order to give Americans a means to protect their privacy on home telephone lines, the National Do-Not-Call Registry was established. Over 60% of homes contain registration information.
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research on communication indicates that group of answer choices effective communication can lead to emotional labor. effective communication skills are among the top skills sought by recruiters today. poor communication is seen as a causal factor in 10-20% of all accidents. although good communication helps retain effective performers, it does not increase a firm's market share.
Research on communication indicates b. Effective communication skills are among the top skills sought by recruiters today.
Communication skills are a person's ability to convey something that becomes an idea or messages to others effectively in order to convey the goals intended by someone. Communication skills can be conveyed verbally and non-verbally.
Important communication skills are mastered in order to be successful in all fields, especially in building a career, because effective communication skills are currently the top thing that job recruiters are looking for. With someone having good communication skills, he will be able to catch messages without misinformation occurring.
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When the current state of the economy is such that Real GDP is less than Natural Real GDP, the economy is in a(n) ____________________ gap. In this situation, the (actual) unemployment rate is ___________ than the natural unemployment rate, and there is a ________________ in the labor market.
recessionary; greater; surplus
When the current state of the economy is such that Real GDP is less than Natural Real GDP, the economy is in a recessionary gap. In this situation, the (actual) unemployment rate is greater than the natural unemployment rate, and there is a surplus in the labor market.
In this case, the real GDP is less than what would be generated with full employment. In a recessionary gap, the economy is operating below the full employment level. Recessionary gaps are also known as contractionary gaps.
When a nation's real GDP is lower than its GDP at full employment, it is said to have a recessionary or contractionary gap. When real wages are in equilibrium and the supply and demand of labor are equal, recessionary gaps diminish.
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katsu, inc. has a small car division that operates as a profit center. below is a partially completed responsibility report for the first quarter.
Katsu, inc. has a sm-all car divi-sion that ope-rates as a profit cen-ter. Be-low is a partially completed respons-ibility report for the first quar-ter.
Actual Flexible
Sales Revenue $688,000 $700,000
The percent-age variance for the flexible budget varia-nce for sales rev-enue is calculated as fol-lows:
= ($700,000 - $688,000) / $700,000 *100
= 1.71% F
Flexible Budget chan-ges with the level of activity, as the prod-uction activities, increase then the bud-get is also increased, and in the same way, as the prod-uction activities decrease the bud-get will also be decreased. Another budget is a static bud-get where the activities rem-ain constant.
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eastline corporation had 11,500 shares of $5 par value common stock outstanding when the board of directors declared a stock dividend of 3,795 shares. at the time of the stock dividend, the market value per share was $15. the entry to record this dividend is:
The entry to record this dividend is Debit Retained Earnings $18,975; credit Common Stock Dividend Distributable $18,975 (3,795 × 5).
Retained earnings (RE) are the remaining net income that belongs to the company after dividends have been distributed to shareholders.Company management is typically in charge of deciding whether to keep the profits or distribute them to the shareholders.A company with a growth strategy may choose to use retained earnings to fund expansion activities rather than paying any dividends at all or paying very little.Companies may decide to use their retained earnings for a variety of purposes, including expanding their manufacturing capabilities, hiring more salespeople, introducing new products, or share repurchases.Because they reflect the net income that a company has saved over time, retained earnings are a crucial factor in determining the financial health of a company.Learn more about Retained earnings (RE), here
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in this industry type, items are manufactured by machine to customer order. these are generally industrial orders. multiple choice make-to-order engineer-to-order process make-to-stock assemble-to-order
In the make-to-order industry type, items are manufactured by machine to customer order. these are generally industrial orders.
industrial orders refer back to the output of commercial institutions and cover sectors that include mining, manufacturing, strength, fuel and steam, and air-conditioning.
This indicator is measured in an index based totally on a reference length that expresses exchange inside the extent of manufacturing output. commercial overall performance covers aspects of fine however additionally optimization and automation of industrial techniques.
This area is presently experiencing a fourth business revolution with the appearance of the net of things and virtual technology consisting of augmented reality, synthetic intelligence, or even robotics. inside the united states, commercial production measures the output of businesses incorporated in the industrial region of the economy. manufacturing is the most critical area and debts for 78 percent of overall manufacturing.
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Which of the following choices is INCORRECT when defining the gross income of a business?
a. Gross income for a business may be calculated as sales less returns and discounts.
b. Gross income from a business includes gross profit from inventory sales.
c. Gross income for a service business can be calculated as income from services provided.
d. Revenues from renting property is included in gross profit for rental businesses.
Gross income for a business may be calculated as sales less returns and discounts is incorrect. The appropriate response is option A.
What is Gross income?Gross income is the amount a business produces before deducting any costs, whether they are one-time costs like cost of goods sold that are directly related to a specific product or recurring costs like administrative staff pay. In essence, a company's gross income is equal to all of its sales during a specific time period.
A company's gross income is determined as its gross revenue less its cost of products sold (COGS). A company's gross income would be $400,000 if it reported product sales of $500,000 and the cost to make those products was $100,000.
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if a taxpayer's 2021 individual income tax return was filed on january 12, 2022, the statute of limitations would normally run out on: a.january 12, 2024. b.april 15, 2025. c.january 12, 2024. d.april 15, 2023. e.none of these choices are correct.
Within 6 months of commencement of its activities. One month prior to the due date of furnishing return of profits beneath section 139(1)
. One month prior to the due date of furnishing return of profits under area 139(1). Filing annual audited accounts for each permitted programme by the National Laboratory, etc.
What is the time restrict and conditions for submitting a belated return?Belated return is filed with the aid of the assessees who leave out the original closing date but can nevertheless file their tax return. Belated return can be filed till 31 December of the relevant AY u/s 139(4) of IT Act problem to completion of assessment.
What if earnings tax return is filed after due date?Any character who files ITR after the due date will have to pay a late price of Rs 5,000 if taxable earnings is above Rs 5,00,000. The penalty is Rs 1,000 for humans with whole taxable income much less than Rs 5,00,000. There are a number of other key benefits that taxpayers omit out on for filing ITR after the due date.
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https://brainly.com/question/26316390#SPJ4transaction processing systems (tps) capture and process the fundamental data about events that affect the organization called
The fundamental data about events that affect the organization called accounting system. monitor the flow of data pertaining to all cash flows that have an impact on an organisation in a transaction processing system (TPS).
A collection of accounting procedures with built-in controls is referred to as an accounting system.An accounting system’s goal is to keep track of business transactions and compile them into reports that decision-makers can use to monitor, assess, and improve operations.Although technology is technically conceivable, very tiny businesses are the only ones that normally use a purely paper-based accounting system.The cornerstone of accounting systems is often readily available accounting software, with any additional data entry techniques needed.A typical accounting system includes all of an organization’s primary functional areas, including the purchase of products.
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candy corporation has $100,000 of 8% bonds that were issued in year 1 at face amount. when the bonds are repaid at the maturity date, the journal entry will require which of the following entries?
The journal entry will require the following entries debit bonds payable $100,000 and Credit cash $100,000.
The transactions pertaining to performance appraisal, opening stock, amortization, accounting mistakes, etc. are documented in a general journal, which is a daybook or auxiliary journal. General journal entries may have invoices, copies of management reports, and journal vouchers as their source materials.
Prime entry books, also known as books of original entry, are journals because transactions were first recorded in a journal before being physically posted to accounts in the main ledger or a subsidiary ledger. It is the process of recording double entry bookkeeping transactions by subtracting one or more account and crediting one or more other accounts with the same sum of money.
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Joan arlington has twice as much money invested at​ 5% simple annual interest as she does at​ 4%. if her yearly income from the two investments is ​$175​, how much does she have at each​ rate?
The amount Joan has invested at 5% is $350 and the amount she has invested at 4% is $175.
What is investment?
A purchase made with the intention of generating income as well as capital growth is known as an investment. An asset's value increasing over time is referred to as appreciation. When a person invests in a good, they do not intend to use it as a source of immediate consumption, but rather as a tool for future wealth creation.
An investment always involves the expenditure of some resource presently, effort, money, or perhaps an asset—in the anticipation of a future return greater than the initial investment. For instance, an investor might buy a financial asset right away with the hope that it will generate income later on or that it can be sold for a profit at a higher price.
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Jeremy is 29 years old and in good health. What is the annual premium for the cheapest policy having a $90,000 face value that jeremy can buy? a. $1,825 b. $1,294 c. $1,929 d. $1,643.
The annual premium for the cheapest policy at $90,000 is $1521.90 per year.
How to calculate the annual premium?
Age of Jeremy = 29 years
Face value of policy = 90000
Annual premium payable = 16.91 per 1000 of the face value.
Then
90000/1000 = 90
Then
Annual premium payable = 16.91 * 90
= 1521.90 dollars
What is face value?
A financial concept known as "face value" refers to a security's nominal or monetary value as indicated by its issuer. The original cost of the stock, as stated on the certificate, serves as the face value for stocks. In the case of bonds, it refers to the sum that is normally paid in $1,000 increments to the holder at maturity. The term "par value" or simply "par" is frequently used to refer to the face value of bonds.
The annual premium for the cheapest policy at $90,000 is $1521.90 per year.
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Answer:
its D
Explanation:
got 100% on test
tyler works for a financial services firm as a customer service representative. when he earned his certification in customer service, he earned a raise. he went on to achieve his flmi designation and received another raise. this is an example of a
Financial services are the financial offerings furnished with the aid of the finance industry, which encompasses a large vary of agencies
that manage money, consisting of credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, funding funds
What Are Some Examples of Financial Services?There are a variety of economic services offered through companies in the monetary services quarter round the world. These services contain banking, brokerage, mortgages, savings cards, fee services, actual estate, taxes and accounting, and funding funds.
Types of Financial Services:
Banking.Professional Advisory.Wealth Management.Mutual Funds.Insurance.Stock Market.Treasury/Debt Instruments.Tax/Audit Consulting.Learn more about financial services here:
https://brainly.com/question/23009254#SPJ4when the macroequilibrium is above full employment, fiscal policy should be used to shift aggregate demand by the amount of
An economy or market that is in equilibrium usually doesn't have too much short-term supply. On the other hand, an economy or market that is above full employment has more production of goods or commodities.
How is aggregate demand affected by fiscal policy?The term "expansionary" or "loose" refers to fiscal policy that directly increases aggregate demand through an increase in government spending. In contrast, if fiscal policy reduces demand through lower spending, it is frequently regarded as contractionary or "tight."
The aggregate demand curve will be shifted to the right by which of the following?As consumption spending, investment spending, government spending, and spending on exports minus imports rise, the aggregate demand curve moves to the right. As these parts fall, the AD curve will go back to the left.
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the hyperinflation in zimbabwe ended in april 2009 when the central bank purchased government bonds in open-market operations. a. true b. false
The central bank buys bonds if it wants to lower interest rates. The money supply is increased when money is injected into the money market by purchasing bonds.
By selling bonds, the central bank removes money from the money market and reduces the money supply when it wants interest rates to rise.
What are the banking system's reserves when the Fed purchases government bonds?3) Because there was no checkable deposit created, reserves and excess reserves both rise when the Fed purchases bonds from bankers.
When the Fed makes an open market buy?When the Federal Reserve purchases something from the open market, the Fed: purchases securities from public banks, thereby reducing the money supply. sells securities to banks and the general public, reducing the amount of money in circulation. purchases securities from public banks, thereby expanding the money supply.
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