The estimated inventory at May 31 can be calculated using the gross profit method. First, we need to find the gross profit by multiplying the net sales by the gross profit rate. The estimated inventory at May 31 is $159,700.
Given that the gross profit rate is 25%, we can calculate the gross profit as 957,200 * 0.25 = 239,300. Next, we need to find the cost of goods sold (COGS) by subtracting the gross profit from the net sales. So, COGS = 957,200 - 239,300 = 717,900.
We need to subtract the COGS and purchases from the beginning inventory. The purchases amount is the sum of the gross purchases and freight-in, which is 677,700 + 30,300 = 708,000. Therefore, the estimated inventory at May 31 is 169,600 + 708,000 - 717,900 = 159,700. In summary, the estimated inventory at May 31 is $159,700.
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Fractional reserve banking increases the money supply in an economy by:
A. preventing depositors from leaving a lot of money in banks.
B. requiring the government to print more money in certain
situations.
C. loaning money that would otherwise be held in a bank.
D. accepting currencies from many different countries to pay off
loans.
Answer:
C. loaning money that would otherwise be held in a bank.
Explanation:
Fractional reserve banking increases the money supply in an economy by "loaning money that would otherwise be held in a bank."
Fractional reserve banking is known as a system of banking whereby the banks hold a fraction of what customers deposit as reserves. Then the banks use the remaining to give loans and thereby creating and increasing the supply of money. Commercial banks practise this type of banking system. This tells of how commercial banks are affecting the money supply. The bank reserves are usually held as cash in the bank. It can also as balances in the bank's account at their central bank.
Answer:
C. loaning money
Explanation:
just did it on a-p-e-x
1. Calculate the Net Worth when Liabilities are $5,000 and Assets are $6,725
what is the role of doctors in our society?
If you have an orientation where you are completing training exercises on a computer, it is probably a ____.
A new hire orientation
B interactive orientation
C reorientation
D mentorship
Answer: new hire orientation
Explanation:
New employee orientation is used in order to welcome newly employed workers to the organization and this is done in order to integrate the new workers into the system, train them, and make them feel welcomed and part of the organization. .
This helps to boost the confidence of the employees, leads to increase in the retention of employees and also boost employees morale.
Interaction orientation simply means the interaction that takes place between companies and their customers and this is done in order to improve the relationship with customers and achieve organizational goals.
Mentorship simply means having a mentor to guide an individual. Reorientation simply means to change a particular focus or mindset of certain people.
Based on the explanation, the answer is new hire orientation.
Answer:
A
Explanation:
Should voting be mandatory?
Answer: Yes
Explanation:
Answer:
no
Explanation:
because no
TRUE OR FALSE: It is always free to use an ATM if you have a debit card
Answer:
False
Some banks/stores will require you to pay if you use an ATM. In some cases, it is not about whether you have a debit card or not. Debit cards are primarily used to remove money from a bank account, not for ATMs.
Based on the W-2 provided, Social Security tax withheld for Lily was ______ of wages and Medicare tax withheld was ______ of wages.
a. 1.3%, 5.5%
b. 6.2%, 1.45%
c. 10%, 10%
d. 28%, 39.8%
Thanks for any help I can get! I don't need an explanation as to how you got the answer.
Answer:
b. 6.2%, 1.45%
Explanation:
Social security and medicare are calculated as a percentage of the gross pay. For Lily, gross pay is $14,450.
For social security, 895.90 is deducted. As a percentage of her gross pay
895.90 will be.
=895.90/ 14,450 x 100
= 0.06193771 x 100
=6.2 %
For medicare, 209.5 has been deducted. As a percentage of her gross pay, 209.5 is
=209.5/ 14,450 x 100
=0.01449827 x 100
=1.45%
The social security tax is the tax amount that is acquired from the earned income to fund the benefits of social security. It is the major part of the salary that carries the benefits for the person who earns it and contributes some part for the benefits of the government.
The correct answer is b. 6.2%, 1.45%
Social security and medicare are calculated as a percentage of the gross pay. For Lily, gross pay is $14,450.
For social security, 895.90 is deducted. As a percentage of her gross pay
895.90 will be.
[tex]=\frac{895.90}{14,450}\times 100= 0.06193771 \times 100=6.2 \%[/tex]
For medicare, 209.5 has been deducted. As a percentage of her gross pay, 209.5 is
[tex]=\frac{209.5}{14,450} \times 100=0.01449827 \times 100=1.45\%[/tex]
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Which of the following should which of the following should be of concern when a company considers expanding into a new International market?
the country's legal system
the country's political stability
the education level of the workforce
all of the above
Jerry's job requires that he wear a suit and tie every day to the office. This is most likely a(n) _____ atmosphere.
Answer:
I would say a formal or business atmosphere.
Explanation:
The main jobs that require suits are often business atmospheres. However, the wearing of a suit is called formal attire.
Answer:
The answer is formal
Explanation:
I took the quiz and got all of the answers right.
In what circumstance would a property insurance claim be rejected?
WILL GIVE BRAINLIEST
If loans and credit card debt are taking up most of your monthly income, which of the following is the LEAST effective first step in getting your debt under control?
A. Start a side hustle and allocate the money you make towards extra payments for your debt.
B. Take a hard look at your budget and try to cut nonessential items so you have more cash to pay down your debt.
C. Declare bankruptcy, which will eliminate all your debts and allow you to start over with a clean slate.
D. Pay extra money each month to the debt with the highest interest rate, so you'll decrease the total amount you'll spend on debt.
Answer:
a or c i fliped a coin and got A sounds like the answer rember jesus loves you
Explanation:
What is the difference between Money
Market and Investments?
Answer:
can udo a pic so i can see
Explanation:
Which of the following best describes a stock.
A) An incredibly stable investment that is always a safe investment
B) Is insured by the FDIC
C) Represents a share of ownership of a corporation
D) Only sold in the United States
Answer: C
Explanation: A stock represents a share of ownership of a corporation. Stocks are bought by people so they can get money. If the company's stock they by it from goes well, they get money as well as interest. The answer is C. Hope this helps!
A _____ is an estimation about a future situation based on the evaluation of facts.
1. projection
2. fact
3. salary
4. growth
Answer:
Projection
Explanation:
Answer:
Yes the correct answer is (PROJECTION)
Explanation:
Mary is earning a weekly salary of $521.60 as a payroll clerk. She has accepted a new assignment in the tax-processing department. In her new position, she will be paid an annual salary of $30,534.00. How much more would she earn per week in her new position?
Answer:
$65.60
Explanation:
Mary's current is $521.60.
In her new position, she will be earning $30,534.00. Her new weekly income will be as follows. Assuming one year has 52 weeks.
New pay = $30,534.00/ 52
New pay =587.20
In her new job, she will earn more by( $587.20 - $521.60.) =$65.60
=$65.60
Virtue ethics places great focus on which of the following
Answer:
character i think.
Explanation:
Sam has take-home pay every month of $800. He anticipates that his expenses will add up to $675 for the month. In a zero-based budget, why is it important that she put the extra $125 in SOME budget category? Where might you suggest that Sam put the extra $125?
Answer:
Second savings account
Explanation:
Life is full of surprises... repairs or emergency cases this would be helpful to have
Answer:
In a zero based budget, your income needs to add up to zero at the end of every month. For that reason I recommend that if he still has money left over after paying bills and other expenses he should put in savings.
when did Toronto pearsonAirport(Canada) start using technology or scanner
Answer:
Canada's busiest airport will soon start to use artificial intelligence- powered technology to detect weapons. The technology can detect both metallic and non-metallic weapons ranging from guns and knives to explosives, according to Liberty Defense Holdings Ltd., a Vancouver-based company which first marketed the technology. Known as Hex wave, the technology works by capturing radar images, then using artificial intelligence to analyze them for concealed weapons in bags or under clothing. Liberty's CEO, Bill Riker explained, "radar essentially is emitting this form of energy, it's reflecting off a person and it's identifying any items on a person's body that don't belong on a body." The technology will start getting deployed at Pearson in the Spring of 2020 in a bid to boost security, according to the Greater Toronto Airports Authority, which runs Pearson.To satisfy demands for withdrawals, banks keep:
A. discount rates.
B. monetary policies.
C. balance sheets.
D. fractional reserves.
Which of the following is not one of the factors in determining a pension's final value?
A) Years of serivce
B) Level of education
C) Your age at retirement
D) Your highest salary/pay
Answer:
B
Explanation:
if i post by business page will you guys follow it ?
Answer:
Yassss queeeennnn
Explanation:
jdnskakana
Explanation:
Yes i will definately follow it
Why do you think economists have different belief systems/theories on economics?
Answer:The principal disagreement among economists is a matter of economic philosophy. There are two major schools of economic thought: Keynesian economics and free-market, or laissez-faire, economics.
Keynesian economists, named after John Maynard Keynes, who first formulated these ideas into an all-encompassing economic theory in the 1930s, believe that a well-functioning and flourishing economy may be created with a combination of the private sector and government help.
By government help, Keynes meant an active monetary and fiscal policy, which works to control the money supply and adjust Federal Reserve interest rates in accordance with changing economic conditions.
By contrast, the free-market economists advocate a government "hands-off" policy, rejecting the theory that government intervention in the economy is beneficial. Free-market economists—and there are many distinguished advocates of this theory, including Nobel Memorial Prize winner Milton Friedman—prefer to let the marketplace sort out any economic problems. That would mean no government bailouts, no government subsidies of business, no government spending explicitly designed to stimulate the economy, and no other efforts by the government to help what the economists believe is the ability of a free economy to regulate itself.
Explanation:
Which is used to trace a check back to the account on which it was written?
Group of answer choices
a valid date
an endorsement
a bank route number
a signature
Answer:
a bank route number
Explanation:
The routing number is among the three numbers found at the bottom of a check. The routing number is at the bottom left. It serves as an ' identity ' for your bank. The routing number enables other banks to contact your bank and collect funds from your account every time you write a check.
A routing number is a unique number for every banking institution. The number proves that the bank is a recognized financial institution with an account with the Federal Reserve.
A local Barnes and Noble paid a $79.99 net price for each hardbound atlas. The publisher offered a 20% trade discount. What was the publisher’s list price?
Answer:
i believe it would be 63.99
Explanation:
Based on the information given the publisher’s list price is:$99.99.
Using this formula
List price=Net price/(100%-2=Trade discount)
Where:
Net price=$79.99
Trade discount=20%
Let plug in the formula
List price=$79.99/(100%-20%)
List price =$79.99/80%
List price= $99.99
Inconclusion the publisher’s list price is:$99.99.
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Describe the information you will need to provide in order to complete a FAFSA. List at least three of the required documents you must include.
Answer:
Sample response: To complete a FAFSA, I must first include information to verify my identity. This includes my Social Security number or a driver's license. I must include information about my income or my family's income (if they are still responsible for my care). Finally, I must submit financial information, like my account statements.
Explanation:
2020 edg
waht do an engineer and an architect do?
which of the following is a workplace trend?
A - decreased outsourcing
B - decreased attention to diversity
C- increased use of manual labor
D - increased technology literacy
Answer:
increased use of manual labor
Explanation:
Advancement in technology has resulted in machines taking over manual jobs. A few decades ago, manual work was done by human beings exclusively. Industries hired many laborers to assist in many aspects of the business. Today, machines and robots are deployed in different sectors of the economy.
The current trend is the workplace is the use of modern technology. Computers, machines, and robots are gradually replacing people, mostly unskilled and manual laborers.
MULTIPLE CHOICE: Scar stole Mufasa's debit card and used it to buy a vacation package to the Savannah. Which account would the money come out of? (choices are savings, checking, certificate of deposit, and online checking)
Answer:
Savings.
It cannot come from certificate of deposit or online checking, since it is a debit card.
If 135 TV's are sold and cost $275 to produce and is priced at $250, what is the profit/loss?
Answer:
$25
Explanation:
The production cost is $275.
The selling price is $250
The loss/profit will be: Selling price minus cost price
=$250 - $275
= -$25
A loss of $25.
If this is the cost for all the 135 TVs, then the loss is only $25.
N:B
If the costs are for one TV, then the loss will be $25 x 135=$3,375
Think of a substantial product you regularly purchase, such as video games or jeans. If supply is high and
demand is low, what happens to the cost? How might that affect someone's income? Likewise, if supply is low
and demand is high, what happens to the product's cost? How might that affect someone's income?
Answer:
See below
Explanation:
1. When the supply is high, and demand is low, an item's cost will probably come down. High supply with low demand creates a surplus in the market. Seller will offer the lowest prices possible to woe buyers.
When an item's prices go down, buyers will spend less money buying the product. The buyer saves some money, which is equivalent to having more income than before.
2. With a low supply but high demand, prices tend to go up. There will be great competition for the few goods from the many buyers. As a result, suppliers will hike prices and make more profits.
An increase in prices forces buyers to spend more money to buy the same commodities. Their disposable income decrease, which is the same as having a reduced income
