in a perpetual inventory system, inventory is initially recorded at cost.
What Is Perpetual Inventory System?A perpetual inventory system can be described as the techniques that is been used by the company so that they can continuously estimates the inventory that is been formed in the company which is usually based on the electronic records.
It should be noted that when using this system that is been described above, the the inventory is usually been recorded at the cost so as to allow the further calculation that can be used in analyzing the inventory in the future.
Therefore, first option is correct.
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The ceo of c & j construction is considering moving to a network structure. what would be the best reason to make such a move?
C&J Construction's CEO is thinking about switching to a network structure. The best justification for such a change is to concentrate on the organization's core skills and outsource less crucial tasks.
A loose connection of businesses that are managed by a small, centralized organization is referred to as a virtual network structure. This team is in charge of assigning tasks to the suitable businesses in the network.
For instance, if C & J Building's primary business was construction, it could establish connections with engineering and sales firms to outsource such tasks and concentrate on construction. When multiple firms are contracted to develop goods and services, a virtual network structure is created.
The departments that are unnecessary are eliminated from this sort of organizational structure, and specialized tasks like logistics and technical support are outsourced. British Telecom is a prime illustration of a virtual company. It is able to do so because it does not adhere to the framework of a "normal" organization, which allows it to function in more than a hundred nations.
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Explain how providing education to all children in grades K-12 provides external benefits to everyone in the community.
Answer:Because the kids turn smarter and they will be able to have a converstation to were they know what the other person is asking
Explanation: If the person they are talking to are bringing up a topic about something that they don't know then if they go to school and learn then they will be able to know what that person is talking about and they won't be unsmart or confused on what that person is talking about.
Providing education to all children in grades K-12 creates external benefits for everyone in the community in several ways.
Explain how providing education to all children in grades K-12 ?Firstly, educated children become informed and productive members of society who are more likely to contribute to the community's growth and development. They are better equipped to participate in the economy, improve their standard of living, and contribute to society's well-being.
Secondly, educated children are more likely to become responsible citizens who can make informed decisions, participate in the democratic process, and promote social cohesion. Education equips children with skills such as critical thinking, problem-solving, and communication, which are crucial for active citizenship.
Thirdly, providing education to all children promotes social and economic equality. Education creates opportunities for upward social mobility and helps to reduce income inequality. This, in turn, reduces the likelihood of social unrest and creates a more stable and cohesive community.
In conclusion, providing education to all children in grades K-12 benefits everyone in the community by creating a more productive, responsible, and equitable society.
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when managing successful organizational change, what does it mean to take a holistic view?
It basically comes down to being able to run as many iterations as you can, improving your planning every time, until the organizational transformation is successful.
The required details for organization in given paragraph
A firm, institution, group, or other type of body made up of one or more people and serving a specific function is referred to as an organization or organization. Being organized, however, can improve your health and make you happier and more at ease. Your life can suffer greatly from disorganization. It may result in depression and elevated levels of stress. Additionally to posing a fire risk, mold growth, and dust accumulation, disorganization can also pose a physical threat. Utilizing resources efficiently is made possible by organization.
It not only helps in the right assignment of tasks to qualified workers, but it also maintains track of any resource and effort waste due to work duplication.
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aggregate expenditures and real gdp. if the level of real gdp equals $9,000 billion, and there are no changes in the consumption function or in planned investment, then real gdp will in the next period.
Aggregate expenditures and real gdp. if the level of real gdp equals $9,000 billion, and there are no changes in the consumption function or in planned investment, then real gdp will in the next period will remain unchanged.
What are Investments?
Investments are financial commitments made to acquire assets in the hopes that their value would rise over time
A gain (profit) or loss realised through the sale of a home or investment, unrealized capital gain (or loss), investment income like dividends, interest, or rental income, or a mix of capital gain and income may all be included in the return.
So, then real gdp will in the next period will remain unchanged.
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market complexity is relevant to strategic sourcing because:
Market complexity is relevant to strategic sourcing because In strategic sourcing, the market condition, risks, competition, suppliers etc are finalized so as to avoid any further complexities.
Data collection, expenditure analysis, market research, negotiation, and contracting are all connected in the procurement process known as strategic sourcing. It does not include paying for the actual goods and services that are purchased.
Using a single, integrated system to increase profitability is the core objective of strategic sourcing, which can be tailored to a customer's unique demands.
Consumer behavior, rivalry, complex pricing structures, distribution and retailing management, and other variables all contribute to market complexity.
Consumer behavior, rivalry, complex pricing structures, distribution and retailing management, and other variables all contribute to market complexity. Markets frequently change and take a very long time to stabilize. Examples include the rising sales of low polyunsaturated oil in nations in North Europe.
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while cassie wants to work hard for her company, she also wants her current position to help her move into management at a competitive company, and she will leave her current employer if the opportunity arises. this is an example of a . (enter one word in each blank.)
After analyzing the current scenario of Cassie, this is an example of a psychological contract.
What is a psychological contract?The phrase "psychological contract" describes how both the employer and the employee interpret an individual's expectations, beliefs, objectives, and duties. The early 1960s saw the concept's development, and it is essential to comprehending the job relationship. According to theory, the psychological contract establishes a set of mutually acceptable ground rules that are utilized to sustain a favorable employee-employer relationship.
Psychological contracts can develop in a wide range of circumstances that are not always employer-employee and are generated by attitudes about trade agreements. However, its role in outlining the employment relationship between employer and employee is what makes it most important.
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Suppose there are two people: anna and bob. anna’s demand curve for donuts is p= 10 - qa . bob’s demand curve is: p= 10 - 2qb. what is the most efficient way to divide up 6 donuts between the two?
The market demand curve would be 10-2q
How to calculate the demand curve?
It should be noted that the market demand curve will be the sum of the individual demand curve.
The market demand curve will be calculated thus. Mary’s demand curve is p=10-qa .
bob's demand curve for donuts is given by . bob demand curve is given by p=10-2qb.
The slope will be:
= 1 x 2
= 2
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on november 1, orpheum company accepted a $11,400, 90-day, 8% note from a customer to replace an account receivable. what entry should be made by orpheum on the november 1 to record the acceptance of the note?
The entry that should be made by Orpheum on November 1 to record the acceptance of the note is :
Debit Note Receivable $11,400; credit Accounts Receivable $11,400
The journal entry to record the transaction contains a credit to sales and a debit to notes receivable when a sale is made but no cash is received (instead, a promise to pay in the future, or a note receivable, is delivered). The balance sheet includes notes receivable as an asset.
In this instance, the sale was completed and was reflected as an accounts receivable. However, a note receivable with the same face amount afterward took the place of the accounts receivable. In order to reverse the entry, a credit would need to be made to accounts receivable, and a debit would need to be made to notes receivable. This journal entry shows an increase in notes payable and a decrease in accounts receivable.
So the answer is Debit Note Receivable $11,400; credit Accounts Receivable $11,400
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if you have a $1,000 loan from your local bank and also have $1,000 in your savings account at that bank and you need to pay the rent in two days, what can happen if you get behind on your loan and notify the bank that you won't be able to make your payments?
The bank can seize your savings account and use it to repay the loan.
What is Savings account ?
An account in a retail bank is a savings account. Common characteristics include having a finite amount of withdrawals allowed, not having check or connected debit card capabilities, having few transfer choices, and not being able to become overdrawn.
Savings account transactions were often recorded in a passbook in the past, thus the term "passbook savings accounts," and bank statements were not typically supplied. Nowadays, same transactions are typically recorded electronically and are available online.
Savings accounts are deposited into for a number of purposes, including as a secure location to save money. Almost all savings accounts accumulate compound interest over time and typically pay interest as well. Many nations mandate deposit insurance for savings accounts, and others offer a government guarantee for at least a percentage of the account amount.
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blossom company buys merchandise on account from kingbird company. the selling price of the goods is 5900 and the cost of the - goods sold is $580. both companies use perpetual inventory systems. 1
The perpetual inventory systems is illustrated below:
Entries in the books of Blossom Company
Debit Merchandise Inventory A/c 900
Credit To Accounts Payable (Kingbird company) A/c 900
(To record purchase of merchandise)
Entries in the books of Kingbird Company
Debit Accounts Receivable (Blossom Company) A/c 900
Credit Sales Revenue A/c 900
Debit Cost of goods sold A/c 580
Credit Merchandise inventory a/c 580
(To record sold of merchandise)
What is a perpetual inventory system?A perpetual inventory system is a program that estimates your inventory on a constant basis based on your computer data rather than a physical inventory. This approach starts with a physical count as a baseline and changes based on purchases made in and shipments made out.
The permanent method may be better suitable for organizations with greater, more complex inventory levels and higher sales volumes. Grocery businesses and pharmacies, for example, typically employ perpetual inventory systems.
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the table below represents the market for livestock. suppose there is a price floor set at $500 for a cow. calculate the surplus caused by the price floor.
There is neither surplus or shortage at the price given in the question for a cow for the livestock.
What is livestock and what would be the surplus caused by the price floor?Livestock is the stock of products of alive animals , which are produced at a rate to supply optimally.Price floor is the least of the price decided by the government for a particular good or services.It is given the price floor is $500 and the quantity is 1200 , it won't be as effective because the price floor is set on same equilibrium.The price floor should be set above the equilibrium price so there would not be surplus in this case.Hence there will be neither surplus nor shortage for the price floor set at $500.To know more about price floor visit:
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which of the following is not a tool for developing a strategy implementation plan?
a. Resource-base analysis
b. Balanced Scorecard
c. Value-driver-action model
d. 7-S framwork
A strategy implementation plan cannot be developed using resource-base analysis.
A corporation determines implementation where scarce resources should be employed to produce goods or services through a method and resource-base analysis strategy called resource base allocation. It is merely a component of the plan for implementing the strategy.
According to resource-based theory, implementation businesses that possess "strategic resources" have substantial advantages over rival resource-base analysis businesses in the marketplace. Some resources, like money and vehicles, are not regarded as key resources because rival businesses may easily obtain them. A resource is strategic instead if it is valuable, uncommon, difficult to duplicate, and non-replaceable.
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Assume that netflix has introduced a new bundle service for their streaming services. Bundle 1 includes a base price of $9 to cover 25 hours of streaming for the month and variable price of $0. 10 for every 30 minutes over that 25 hours. Bundle 2 includes no base price, but a variable price of $0. 25 for every 30 minutes of streaming per month. When a consumer attempts to decide which bundle to use, what is he or she determining?.
When a consumer attempts to decide which bundle to use, he or she is determining the Breakeven point.
The break-even point threshold is reached when overall costs and total revenues are equal, leaving your small firm with no net benefit or loss.
This is a crucial calculation to include in your business plan for every new venture. This is due to the fact that some businesses may take years before becoming profitable, frequently losing money in the initial months or years before achieving break-even. The Break-even point is crucial in any company plan given to a potential investor because of this.
This might be a useful tool for existing organizations to verify their potential recovery from disaster scenarios in addition to cost analysis and profit evaluation at various sales volumes.
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estimating inventory may be needed for all of the following reasons except a.when the inventory cost is based on a predetermined relationship. b.when it is impractical to take a physical inventory. c.when the periodic method is used instead of taking a physical inventory. d.when a fire has destroyed the inventory and inventory records.
Estimating inventory may be needed for all of the following reasons except when the periodic method is used instead of taking a physical inventory.
A detailed annual report produced by a corporate concern that includes all inventory, stock, work-in-progress, raw materials, finished goods, and other items. the things or things that are depicted on such a list, such as a retailer's inventory of goods. the whole worth of a stock of merchandise.
Periodic inventory is a type of accounting inventory where inventory and cost of goods sold are computed at the end of an accounting period as opposed to every day.
Physical inventory is a stock-taking technique in which retail workers manually count shop merchandise and modify the inventory levels in their POS software if they discover any errors.
Smaller companies with modest inventory holdings are best suited for a periodic inventory system. It is simple to do a physical inventory count for such businesses. Estimating the cost of commodities sold over predetermined time periods is likewise much simpler.
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In new york city, government limits on the supply of taxis resulted in a price ________ the competitive market level, which would typically ________ economic efficiency.
In new york city, government limits on the supply of taxis resulted in a price above the competitive market level, which would typically reduce economic efficiency.
Economic efficiency:
Economic efficiency denotes an economic state in which all resources are allocated optimally. Any changes made to help one entity would harm another in an economically efficient economy.
Economic efficiency denotes a balance between loss and gain. Assume a farmer wishes to sell a portion of his land. The person who pays the most money for the land uses the resource more efficiently than the person who does not pay the most money for the land.
Economic efficiency is important because it enables businesses to cut costs while increasing output. Economic efficiency results in lower prices for goods and services for consumers. More efficient firms, as well as higher levels of productivity and economic activity, boost economic growth, according to the government.
So, the required answers are above and reduce.
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in the age of the internet, which media organization(s) usually play the central role in gathering and reporting serious political and governmental news?
In the age of the Internet, the major news organization(s) usually takes the lead in gathering and disseminating important political and government news.
An entity such as a firm, institution or association that consists of one or more people and has a specific function is called an organization or organization (Commonwealth English; see spelling variants). The word is derived from the Greek word organon, which also means instrument, organ, and many instruments.
An organization that simultaneously performs public welfare functions and expands activities in the commercial market is known as a hybrid organization. A voluntary association is a group made up of volunteers. Depending on the jurisdiction, these groups, such as informal clubs or coordinating bodies with a specific objective, may be allowed to exist without express legal requirements.
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a company has total payments for the month of march for its 20 employees of $100,000. the fica tax rate (social security and medicare) is 7.65%. what is the total amount due to the government for fica taxes?
The Amount of Tax Payable to the Government is $6,200
Payroll Tax Expense is the sum of FICA Tax Payable
(0.0765 × $100,000 = $7,650) and Unemployment Tax Payable (0.062 × $100,000 = $6,200).How can I figure out my FICA tax?
You can multiply your gross pay by 7.65% to determine how much FICA tax you must pay.Employees who are self-employed are forced to pay the entire FICA tax on their own. These people must pay a Medicare tax of 2.9% and a Social Security tax of 12.4%. When you pay your quarterly estimated taxes, you can include this tax in your payment.To learn more about FICA tax , click the links
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Which of the following statements about strategic planning are true?
a. It is management's vision of what they desire the organization to achieve over the long term.
b. It is created by employees of a company and shared with management for execution
c. It is management's vision of individual professional development goals over the long term.
d. It is created as a thought exercise for long-term planning purposes, but it does not relate to daily activities.
Strategic planning is faithful to the management's vision of long-term professional development goals for each individual.
Strategic plan: A strategic plan is a thorough blueprint for the future of the business. The company's aims, vision, and plans for achieving those goals and vision are all included. A strategic plan is management's vision created so that everyone in the business is working in the same direction and is focused on the organization's purpose.
Variation in direct material costs: A management's vision is the difference between the actual cost of a direct material and its standard cost. Two factors, price variation and quantity variance, may be the cause of the material variance. Material price variance is the strategic plan phrase used to describe a difference in variance that results from differing unit prices for the same material.
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the management at target stores was angry with goodyear tire company about its decision to also sell its brand through walmart. this is an example of .
The management at Target stores was angry with Goodyear Tire Company about its decision to also sell its brand through Walmart. This is an example of horizontal channel conflict.
What is horizontal channel conflict?When a franchisee in a neighbouring town feels that the territory of another franchisee has been trespassed upon, horizontal channel conflict results. Last but not least, multichannel conflict happens when a firm creates two or more channels that compete with one another for the same market.
Conflict between horizontal channels occurs at the same level inside a single distribution channel. An illustration of this is when two merchants that are affiliated with the same manufacturer have different promotional plans or service areas.
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Having a good credit score, making a larger down payment, and finding a cosigner with good credit are all ways to….
Having an excellent credit rating, making a bigger down charge, and locating a cosigner with precise credit are all approaches to may want to substantially decrease your loan quotes.
A credit score is a numerical expression primarily based on a level analysis of a person's credit score files, to symbolize the creditworthiness of a person. A credit score rating is primarily based on a credit document, information typically sourced from credit bureaus.
A credit score is a prediction of your credit score conduct, together with how possibly you are to pay a loan back on time, based totally on statistics from your credit reports. A credit score rating is mostly a three-digit quantity that creditors use to help them decide whether you get a mortgage, a credit card, or some different line of credit score, and the hobby fee you're charged for this credit. The rating is a photograph of you as a credit score threat to the lender at the time of your utility.
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Consider a $100,000, 30-year, 5. 4% mortgage with monthly payments. What portion of the payments during the first 25 months goes toward principal?.
The portion of the payments during the first 25 months goes toward principal is 20.98%. Here is the attached solution.
What is Mortgage?
A mortgage is a loan used to pay for the upkeep of a home, piece of land, or other kinds of rental properties. Simply put, a mortgage is a business transaction involving a borrower and a lender.The lender commits to repaying the loan over time, usually in a series of consistent installments that are separated into principal and interest. Loans are safeguarded by the property.Borrowers must submit an application through their preferred lender and make sure they satisfy a number of criteria, including minimum credit scores and down payments. Before they proceed to the closing stage, mortgage applications must pass a stringent underwriting procedure.To know more about Mortgage visit:
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the purchases discounts account is a(n): multiple choice contra expense account. contra revenue account. liability account. expense account.
Contra expense accounts with a credit balance, such as Purchase Discounts, Returns, and Allowances, are used to offset the Purchase expense account, which typically has a debit balance, in order to report a company's net value of purchases made during an accounting period on its income statement.
Is the discount on purchases a revenue or a cost?
The company's net sales are calculated by subtracting sales discounts, returns, and allowances from gross sales. As a result, the Sales Discounts account in the general ledger is a revenue counter account. Discounts on sales are not included in the expense report.
In accounting, what exactly is a purchase discount?
If payment is received by a predetermined date, a payer may deduct a purchase discount from the invoice amount. This rebate is utilized when a vender needs to speed up the inflow of money.
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lead time can vary based on ______.
Lead time can vary based on customization of the product being produced and location of the manufacturing facility.
Lead time is the time of time from the commencement of a procedure to its completion. In the pre-processing, processing, and post-processing stages of a production, distribution network, and management processes, businesses evaluate lead times. They can detect inefficiencies by making comparisons to predefined standards.
Simplifying processes and increasing productivity can boost production and revenue. Longer lead periods, however, have such a detrimental effect on the sales and production processes. Due to customization of product and location in which manufacturing unit is located lead time can vary.
The complete question is here:
Lead time can vary based on ______.
Multiple select question.
the total inventory costs.customization of the product being produced.location of the manufacturing facility.the amount of customer satisfaction.Learn more about lead time here:
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The process of setting up individual functional units of the business to do specialized tasks is called.
The process of setting up individual functional units of the business to do specialized tasks is called Departmentalization
What is Departmentalization?
In order to accomplish the objectives of the organisation, departmentalization, also known as department, is the process through which jobs or teams are united into functional groups known as departments based on their area of competence. In this approach, the entire organisation is divided into departments, which are made up of a group of workers who perform tasks that are comparable. It decides which tasks or activities need to be coordinated and housed in the same area. Additionally, it organises the staff members who will carry out the assigned duties.Every level below the top of a corporate ladder is departmentalized, and each succeeding level is further divided into departments.The top executives coordinate the work of numerous departments, including those involved in production, marketing, finance, human resources, research and development, etc.To know more about Departmentalization visit:
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for about seven years, ellen and carlos have been working for stone eagle at the same level of management and doing similar kinds of work. ellen has been focusing on setting specific and difficult goals for herself and believes that exerting a high level of effort will result in the successful performance in her job. on the other hand, carlos compares himself to different managers, such as jada, who works for stone eagle’s competitor in a similar work position. carlos feels disheartened when he finds out that he is significantly underrewarded at stone eagle. from carlos’s view in this situation, ellen is an
The symptoms that Carlos is accustomed to are quite a lot different and also very much not required to be done. Carlos also has been using various ways in which these shapes and Ellen is an opportunist. Hence, the above statement is appropriate.
What is the meaning of Opportunist?Opportunists are those who can easily foil their own actions according to their various needs. Opportunists never miss any kind of opportunity takes it from taking advantage of one's situation also working on the fact.
An Opportunist also helps in understanding the fact that the people around are very much responsible for a lot of the above-made things. The most important part of the movement was the use of the people under its own dimensional mechanism.
In simple terms, one's failure is one's success. This will not only help them in the long run Opportunists also leads the life of someone else. Hence, the above statement is correct.
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A local nursery wants to sell its poinsettia plants from the holiday season. The nursery has three different size poinsettia plants — the small size retailed at $18.50, the medium size retailed at $22.50 and the large size retailed at $25.00. If the nursery wanted to set a markdown percentage of 15 percent for the small plants, 25 percent for medium plants and 30 percent for large plants, what would be the dollar amounts for each markdown and the resulting sale prices?
The dollar amounts for each markdown would be given as follows:
Small size: $2.78.Medium size: $5.63.Large size: $7.50Hence the sale prices would be given by:
Small size: $15.72.Medium size: $16.87.Large size: $17.50.MarkdownsA markdown is a price reduction of the given product by the given percentage.
For the small size plant, the price is of $18.50 and it undergoes a markdown of 15%, hence the markdown is of:
Markdown = 0.15 x 18.50 = $2.78.
Then the sale price is the difference of the original price by the markdown, hence:
Sale price = 18.50 - 2.78 = $15.72.
For the medium size plant, considering the price of $22.50 and the markdown of 25%. the markdown and sale price are given as follows:
Markdown = 0.25 x 22.50 = $5.63.Sale price = 22.5 - 5.63 = $16.87.For the large size plant, considering the price of $25.00 and the markdown of 30%. the markdown and sale price are given as follows:
Markdown = 0.30 x 25 = $7.50.Sale price = 25 - 7.50 = $17.50.More can be learned about markdowns at https://brainly.com/question/3319701
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More than _______ of new businesses in the united states are service businesses, and service employment is _______.
More than 90% of new businesses in the united states are service businesses, and service employment is fewer.
What is business?Business can be described as the offering of services as well as selling of goods to the consumer so that profit can be made by the company that is doing the business.
It should be noted that business could involves the selling of products as well as the manufacturing of the product which can then been sold to the wholesaler and from the wholesaler to the retailer and through that to the final consumer.
It could also implies that the business is into offering of services to the consumer which could be inform of therapy as well as pedicure services or logistic services to different consumers in the town.
It should be noted that i the united states the business that can be found there could be based on the services as well as the production of goods, however in the country there are many business that are into services com[pare to those that are into production of goods as well as services.
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________ concepts are ones that we know by a specific set of characteristics that are always exhibited, such as what defines different basic shapes.
Artificial concepts are ones that we know by a specific set of characteristics that are always exhibited, such as what defines different basic shapes.
An artificial idea, on the other hand, is an idea this is defined through a specific set of characteristics. Diverse homes of geometric shapes, like squares and triangles, serve as useful examples of synthetic principles. A triangle always has three angles and three aspects.
Natural principles are from time to time referred to as "fuzzy principles" because of their imprecision. By means of evaluation, artificial ideas are those described by way of a fixed of rules or traits, such as dictionary definitions or mathematical formulation. The definition of "rectangle" which you discovered in math magnificence is an example.
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An economic system is a society’s system of production, distribution and consumption of?.
The manner in which a society manages the creation, transfer, and consumption of products and services is referred to as its economic system.
What is the process by which products and services are produced, distributed, and consumed in a society?
The system of producing, distributing, and consuming goods and services is known as the economy. Various forms of economies exist, including command, traditional, market, and mixed.
Which economic system's distribution and production are found?
Market-based economies, also known as free market economies, are self-regulatory and permit the production and distribution of goods in response to consumer demand.
An economic system is a mechanism used by communities or governments to coordinate and distribute resources, services, and goods throughout a territory or nation. Economic systems control the production factors, such as labor, capital, land, and physical resources.
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Which of the following would not be a required payment for the lessee under a net lease? (A) Janitorial; (B) Lease commission; (C) Property taxes
In a net lease, the landlord is responsible for paying the lease commission; the lessee is not compelled to make this payment.
A commercial real estate landlord will pay a real estate broker a fee known as a lease commission, or LC, in exchange for introducing a tenant who successfully completes a lease with the landlord. Typically, it comes out of the tenant's annual rent as a percentage.
As part of an overall cost-of-business line item in the accounts, LLCs are sometimes grouped alongside tenant inducements. The lessor typically makes two payments to cover the commission on a business lease. At the time of the lease signing, the tenant must pay the first half of the commission; the second half is payable when the tenant begins using the space.
The standard method for calculating lease commissions is to use a dollar amount per square foot per year or a percentage of the total base rent that the tenant will pay over the course of the lease.
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