An inventory cost flow method must be used under both a perpetual and a periodic inventory system is not considered an advantage of using the retail method of inventory costing .
An advantage of retail inventory method
It does not require a physical inventory , the method only requires an organization to record the retail prices of inventory items . It allows the organization to create an inventory value report for budgeting or preparation of financial statements.
Retail inventory method
Provides an organization with a comprehensive account of available items and the monetary value of these inventory items . It evaluates the ending inventory or cost of goods sold for the organization . It requires organization to consider factors such as discounts, sales, markup, and loss of inventory .
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Suppose a consumption function is given as c = $500 0.75yd. the marginal propensity to consume is:_______.
Suppose a consumption function is given as c = $500 0.75yd. the marginal propensity to consume is 0.75
The link between consumer spending and the different factors influencing it is known as the consumption function in economics. At the level of the household or family, these variables may include wealth, interest rates, age, education, and family size. They may also include expectations about the level and riskiness of future wealth or income.
The consumer's preferences (such as their ability to delay gratification or their patience), attitude toward risk, and whether they want to leave a bequest all have an impact on how they purchase. Numerous macroeconomic and microeconomic concerns depend on the peculiarities of consumption functions.
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What alternative could borrower erma do if she only owed $12,000 to the lender, but her property is appraised at $50,000?
Within the new loan that the lender is placing Borrower Erma in, she will most likely be in the negative the entire repayment term of the loan.
A loan is a type of debt that a person or other entity incurs. The lender advances the borrower a certain amount of money, typically on behalf of a business, financial institution, or government. The borrower accepts a specific set of terms in return, which may include any financial costs, interest, a repayment schedule, and other requirements.
A term loan is a sum of money that must be returned over a specific period of time in regular installments. Term loans typically last between one and ten years, but they may go as long as thirty years. Term loans typically have an unfixed (also known as floating) interest rate, which increases the amount that must be repaid.
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Many companies use ________ to customize koozies for customers to use as inexpensive promotions.
Many companies use 3D printing to customize koozies for customers to use as inexpensive promotions.
Items such as koozies all come as the same for all customers, but if there needs to be special writing or inscription on any of them,. this is known as customization and can be easily be done with 3D printing.
What is Customization?
This refers to the individual request to make something different for them to make it unique and easily recognizable.
Hence, we can see that Items such as koozies all come as the same for all customers, but if there needs to be special writing or inscription on any of them,. this is known as customization and can be easily be done with 3D printing.
This helps a user to easily identify his item and this is also a form of personalization and is used as an inexpensive promotion.
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What should eric do to be a responsible borrower? what should he do if he is unable to make his loan payments? what are some downsides of late payments?
To be a responsible borrower Eric should pay his monthly payments on time. If he is unable to make this payment then he would have to make the payment late.
What is a responsible borrower?Being a responsible borrower is highly aligned with budgeting. Your student loan payments should be no more than 10% of your future net monthly income.
It is important to not borrow more than you need for your school-related expenses and to keep track of how much you are borrowing cumulatively.
How can I borrow money responsibly?To borrow responsibly means the following:Borrow only what you can repay. ...Pay debts on time.Tell your creditor if you cannot pay and make a new arrangement with your creditor.Report lost or stolen credit cards immediately.Learn more about borrowers here:
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From 2013 to 2014, real gross domestic product (gdp) in the united states increased by?
From 2013 to 2014, real gross domestic product (gdp) in the united states increased by 2.5 percent.
According to the "advance" estimate issued by the Bureau of Economic Analysis, real gross domestic product — the value of the production of goods and services in the United States, adjusted for price fluctuations — rose at an annual pace of 2.6 percent in the fourth quarter of 2014. The real GDP expanded by 5.0 percent in the third quarter.
Personal consumption expenditures (PCE), private inventory investment, exports, nonresidential fixed investment, state and local government spending, and residential fixed investment all made positive contributions to the growth in real GDP in the fourth quarter, which were partially offset by a negative contribution from federal government spending. Imports, which are deducted from GDP calculations, went up.
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What is one of the ways the united states helped integrate germany and japan into the new international order following world war ii?.
Analyzing the development of American ties with Germany and Japan, nearly seven decades after the end of World War II teaches important lessons about turning hostility into cooperation.
Why has America become the guarantor of global security and the role model for the Western world?
With two-thirds of the world's industrial capacity and three-quarters of the world's capital, the United States was a superpower. The fast transformation of its political and social influence into a guarantee of global security and a model for the Western world was made possible by its military and economic might.
How did Japan and America become allies after ww2?
The alliance was established during the American occupation following World War II. In exchange for keeping a significant military presence in Japan, which had a pacifist constitution, the United States agreed to defend it. In Japan, there are more than 80 American military installations.
How did the US contribute to ww2?
Many citizens offered their services to protect the country against invasion or bombing by the enemy. They received training in firefighting, bomb disposal, aircraft spotting, and first aid. Blackouts and other practice drills were overseen by air raid wardens. Over 10 million Americans had volunteered for civil defense by the middle of 1942.
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The office of management and budget is an important instrument of presidential control because it reviews:____.
The office of management and budget is an important instrument of presidential control because it reviews most rules promulgated by federal agencies and helps the president to put together the federal budget submitted annually to congress.
The Office of Management and Budget oversees the performance of federal agencies and controls the federal budget.
The Office of Management and Budget oversees the implementation of the President's vision throughout the executive branch.
Office management helps maintain close relationships between different departments and people. It regularly delivers commands, orders, and instructions to various people. It performs various functions such as planning, organizing, managing, staffing, monitoring, motivating and effective leadership.
OMB's primary function is to assist the President in overseeing the preparation of the federal budget and overseeing its administration in the executive branches.
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In a period of increasing prices, which inventory flow assumption will result in the lowest amount of income tax expense?
The inventory flow assumption will result in the lowest amount of income tax expense is b. LIFO
FIFO (first in, first out) inventory management seeks to fee stock so the commercial enterprise is much less probably to lose money when merchandise expires or grows to be obsolete. LIFO (closing in, first out) inventory control is higher for nonperishable items and makes use of cutting-edge charges to calculate the price of goods sold.
To calculate FIFO (First-In, First Out) decide the value of your oldest inventory and multiply that value by the amount of inventory sold, while to calculate LIFO (closing-in, First-Out) determine the fee of your most current stock and multiply it through the amount of stock sold.
That buys coffee mugs from wholesalers and sells them on the internet. One Cup's fee of goods bought (COGS) differs when it makes use of LIFO versus whilst it uses FIFO. Inside the first state of affairs, the rate of wholesale mugs is rising from 2016 to 2019.
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The question is incomplete. Please read below to find the missing content.
In a period of increasing prices, which inventory flow assumption will result in the lowest amount of income tax expense?
a. FIFO
b. LIFO
c. Average cost method
d. Income tax expense for the period will be the same under all assumptions
Recount a time when you sent mixed signals when communicating with others. how could you have prevented this miscommunication? have you ever encountered communication problems when using electronic media
Preventions for miscommunication are given below.
What should we do to avoid miscommunication?Simplify your message; limit the number of thoughts in each sentence to be clear and concise. Get to the point fast to avoid talking in circles. Check your facts - Make certain that your communication is free of errors. Nothing is more perplexing than disseminating misleading information.Strategies for better communication:
Make your messages clear and succinct.Don't dodge difficult subjects.Choose your communication medium appropriately.Maintain your composure.Encourage individuals to come to you if they are unsure.Yes, I've certainly encountered several similar moments, mostly in the dating arena, which frequently produce a situation in which one is dealing with confusing signals.
Therefore, preventions for miscommunication are given.
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A corporation reported cash of $29,000, total assets of $471,000, and total equity of $161,435 on its balance sheet. its common-size percent for cash equals?
The common-size percent for cash equals is 6.157 % or 6.16 % (approx). Line items are shown as a percentage of a single chosen or common figure in a financial statement of common size. It is simpler to study a company over time and evaluate it against its competitors when financial statements are created in a common size.
What is the common size percentage?The formula known as "common-size percentages" sets each line item as a percent of one standard amount and is used to analyze both the income statement and the balance sheet. You would put each additional asset and liability line item on the balance sheet as a percentage of total assets.
Given,
Cash = $29,000
Total Assets = $471,000
Cash Common-size percent =?
Required to calculate= Cash Common-size percent = Cash divided by Total assets multiplied by 100.
Cash Common-size percent = 29,000 x 100/471,000 =6.16% (Approx).
Thus, Instead of showing entries as absolute numerical values, a common-size financial statement presents entries as a percentage of a common base figure. Common size statements enable analysts to make apples-to-apples comparisons between businesses of various sizes, across industries, or through time. The common-size percent for cash equals 6.16%.
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A business’ success depends on four key factors: financing, location, management, and _____. a. opportunity costs b. retail sales c. competition d. employment opportunities please select the best answer from the choices provided a b c d
A business's success depends on four key factors: financing, location, management, and competition.
What is business?The practice of earning a living or generating revenue via the production, acquisition, and sale of items is known as business (such as goods and services).Additionally, it includes "any activity or enterprise undertaken for profit."The owner of the business is responsible and liable for any obligations made by the business since the business entity is not legally distinguished from the owner by the use of a business name.What do you mean by Competition.Competition is uncertainty as to how to ensure survival. Competition can arise between entities such as organisms, individuals, economic and social groups, etc. The rivalry can be over the attainment of any exclusive goal, including recognition: (e.g. awards, goods, mates, status, prestige), leadership, market share, niches, and scarce resources, or a territory.Learn more about business here:
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What is the importance to an individual of understanding time value of money concepts? for a corporate manager? under what circumstance would the time value of money be irrelevant?
The time value of money shows the individuals that an amount of money offered today is determined to be more valuable than the same amount which will be offered in the future after considering the effects of inflation or interest rates.
For example, if a person had the option of receiving $100 today or $100 a year from now and the current inflation rate was 5%, the $100 today which has a higher purchasing power because the amount of $100 in one year would only be able to buy 95% of the goods that can be purchased with $100 today.
A corporate manager needs to understand the time value of money for making budgets or for budgeting purposes. For example, if a project were to yield a fixed amount of $100k per year, the purchasing power of the $100k per year will decrease as time goes on because of inflation.
The time value of money is irrelevant in situations where the purchase is to be made immediately and is paid in full.
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Industry and market analysis, competitor analysis, and social analysis are examples of which step in the strategic planning process?
Analysis of external opportunities and threats
What effect will raising the price of suvs from $21,100 to $29,700 have on car dealers' revenue?
After raising the price of SUVs from $21,100 to $29,700., the car dealer's revenue will increase.
After the prices of SUVs rises from $21,100 to $29,700., there will be an increase in the car dealer's revenue, as the car dealer will be earning more from the sales of SUV which will indirectly increase his overall revenue.
In an inelastic market, the change in price produces a noticeable change in the quantity of items purchased. Thus, a price increase in an elastic market would lead to an increase in a company's total revenue.
Here, after raising the price of SUVs, the car dealer's total revenue will increase.
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Rather than relying on inspections to ensure quality, problems should be_____ out of a product or process
Rather than relying on inspections to ensure quality, problems should be designed out of a product or process.
Identification of a market opportunity, precise problem definition, creation of a suitable solution, and user validation of that solution are all steps in the process of product design.
A strategy for problem-solving in practice is design thinking. Design thinking has gained popularity as a method of producing goods since it was first popularized by IDEO's David Kelley and Tim Brown.This strategy combines the principles and practices of human-centered design into one overarching philosophy.
Because design thinking is concerned with the entire product development process and not just the "design phase," good designers have always applied it to the creation of products, whether they are physical or digital.
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Sean is a monopolist who operates a business rigging tablets to run twice as fast as the original specifications. If sean charges $40, he would have 10 customers, but if he lowers the price to $37, he would have 11 customers. What is the marginal revenue of the 11th customer?.
The answer is $7 because Marginal revenue is the change in total revenue from 10 customers ($400) to 11 customers ($407) How a monopolist maximizes profits
How does a monopolist determine its profit-maximizing level of output How does it determine the price that it charges?
The monopolist will select the profit-maximizing level of output where
MR = MC
and then charge the price for that quantity of output as determined by the market demand curve. If that price is above average cost, the monopolist earns positive profits.
How a monopolist maximizes profits
Because Chuck, a sole commercial airplane operator in small isolated town, has no competition, he has complete control of market price of air travel in his small tone
Reduced price → increase in ticket sales
Monopoly maximizes profit by choosing an amount of profit in which marginal revenue equals marginal cost (MR= MC) Since Chuck must reduce his price to sell more units, he has an incentive to sell a smaller quantity than a perfective competitive company
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Explain how an increase in u. s and canadian intraindustry trade altered the level of productivity in the affected canadian sector
Intra-industry trade:
Intra-industry trade refers to the trade between industries is the trade of products belonging to several industries. For instance, trade with technology equipment made in another nation can be defined as inter-industry trading in agricultural products goods from one country. It allows employees and firms to learn from and improve specific products, often concentrating on particular value chain areas
How Canada's international trade is changing with the times?
Imports are also expanding; the increases we are seeing in imports of machinery and equipment and of various intermediate products are early signals of rising business investment.
It was in this context that the Bank of Canada decided, in July and again earlier this month, to raise our policy rate.
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Which document is most likely to include planned project start and end dates which serve as the starting points for a detailed schedule?
The project charter often mentions planned project start and end dates, which serve as the starting points for a more detailed schedule.
A project charter is a proper brief document that states a task exists and gives challenge managers written authority to begin paintings. An undertaking charter record describes an assignment to create shared expertise of its dreams, goals, and aid requirements before the assignment is scoped out in detail.
In project control, a challenging charter, undertaking definition, or assignment assertion is an announcement of the scope, objectives, and members of a task.
Project charter units out the scope, targets, and those worried about the challenge. This formal file makes use of all that facts to authorize the task. So the constitution shall we the mission manager use organizational and outsourced sources to complete the assignment.
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Companies like my gym, which seek to do business in new markets for manufacturing and/or marketing purposes, have many potential ________ at their disposal.
Companies like my gym, which seek to do business in new markets for manufacturing and/or marketing purposes, have many potential Entry modes at their disposal.
What is Manufacturing?Manufacturing is the process of creating or producing items with the aid of resources such as machinery, manpower, tools, chemicals, or biological formulations. It is the core of the economy's secondary sector. The phrase can be used to describe a variety of human endeavors, from handicraft to high-tech, but it is most frequently used to describe the industrial design, which entails the massive transformation of raw materials from the primary sector into completed commodities.What exactly is marketing?The act of finding, creating, and providing value in the form of products and services to meet the demands of a target market is known as marketing; it may also involve choosing a target audience.Brand marketing is a strategy for advertising your entire brand in addition to your product or service. In essence, it emphasizes your entire brand while telling the story of your business or product.Learn more about manufacturing or marketing here:
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Use for business communications only and the disallowing of the transmission of confidential business information are recommended guidelines for ________
Use for business communications only and the disallowing of the transmission of confidential business information are recommended guidelines for Instant Messaging. The Business communication is the exchange of information between employees and those outside the firm. Its goal is to improve organizational methods and cut down on errors.
Upward communication, downward communication, lateral communication, and exterior communication are the four major categories. The Internal business communication or information transferred within an organization is referred to as upward, downward, and lateral communication.
The communication includes assigning duties to employees, receiving and responding to customer comments, and producing a press release of a business.
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Granval thinks a partnership will reduce his personal financial responsibility. this is true only if?
Granval thinks a partnership will reduce his personal financial responsibility. this is true only if Granval is not a general partner.
General partnership is a type of business agreement which is made between two or more individuals who agree to share all the assets, profits as well as liabilities of the business.
Because of the simplicity and tax benefits in the general partnership, a general partnership is one of the most common legal business entities.
However, it's very important to consider that each partner is personally responsible for the business, including debts and lawsuits, and is held liable for the actions of their partners.
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List the four steps in the rational decision making model with the first step in the process at the top and last step on the bottom.
The four steps in the rational decision-making model with the first step in the process at the top and the last step at the bottom are:-
Identify a problem or opportunityConsider alternative solutionsEvaluate alternatives and select solutionsImplement and evaluate selected solutionsDecision-making is viewed as the cognitive process of choosing a belief or course of action among several possible alternative options. It can be rational or irrational.
Decision-making is the process of making decisions by identifying decisions, gathering information, and evaluating alternative solutions. A step-by-step decision-making process helps you make more conscious and thoughtful decisions by organizing relevant information and defining alternatives.
Basically, making a decision is choosing from available options. The better you are at decision making, the better your ability as a decision maker. There are many examples of decision making in everyday life. For example: Decide what to eat for lunch.
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The proportion of assets that are financed with debt can be calculated using the ________ ratio
The proportion of assets that are financed with debt can be calculated using the debt ratio.
The phrase "debt ratio" refers to a financial ratio that assesses how much leverage a business has. The ratio of total debt to total assets, represented as a decimal or percentage, is known as the debt ratio.
The percentage of a company's assets that are financed by debt is one way to understand it.
An asset-to-asset ratio greater than 1 indicates that a significant portion of a firm's assets are financed by debt, which indicates that the corporation has more liabilities than assets.
If interest rates abruptly increase, a company with a high ratio may be at risk of loan default. A ratio lower than 1 indicates that equity funds a larger proportion of a company's assets.
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5. Use excel?s irr function for this problem. Rancho cucamonga has a 6% cost of capital. The firm has an investment opportunity that costs $2,000. Riverside expects the investment to generate annual cash inflows $600 for each of the next four years. The internal rate of return and rancho?s decision are a. 1. 7% and invest in the project. B. 1. 7% and don?t invest in the project. C. 7. 7% and invest in the project. D. 7. 7% and don?t invest in the project.
IRR function for this problem exists 7. 7% and invest in the project.
What is the IRR function?Microsoft Excel exists a spreadsheet designed by Microsoft for Windows, macOS, Android, and iOS. It features calculation or computation capabilities, graphing instruments, pivot tables, and a macro programming language named Visual Basic for Applications.
The Excel IRR function returns the internal rate of return (IRR) for a sequence of cash flows that emerge at regular intervals. Specify the internal rate of return. Return was computed as a percentage. =IRR (values, [guess]).
IRR stands for the interest rate at which the sum of all cash flows equals zero, thus it exists useful for comparing one investment to another. In the initial example, if we substitute 8% with 13.92%, the NPV evolves to 0, and your IRR becomes zero. As an outcome, IRR is described as the discount rate at which a project's NPV becomes zero.
IRR function for this problem exists 7. 7% and invest in the project.
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Jeremy wants to avoid conflict with his new coworkers. he should ______. a. spread gossip with them b. treat them all with respect c. talk to the most popular people d. buy them expensive gifts please select the best answer from the choices provided a b c d
Jeremy wants to avoid conflict with his new coworkers. He should treat them all with respect.
Option B is correct answer.
Conflict in workplace :
Conflict is a difference or disagreement between two or more people. Conflict in the workplace is a normal part of human interaction, yet, handling and resolving conflicts that arise is probably one of the biggest challenges employees face.
What is good conflict in the workplace?
Positive conflict is constructive in nature. It produces new ideas, solves continuous problems, provides an opportunity for people and teams to expand their skills, and fosters creativity. When opposing ideas are explored, a breakthrough of thinking can occur.
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When conducting a five cs analysis and developing the context, which factor should not be included in the analysis? a) legal context b) technology c) firm capabilities d) culture
When conducting a five cs analysis and developing the technology factors should not be included in the analysis.
Option B. technology.
In 5C analysis, the context section covers the climate i.e. the macro level environment for the situation.
It includes Political, regulatory, social, economic, technological, and cultural environments.
Part B i.e Firm's capabilities should not be included in the Context section.
The firm's capabilities come under the Company section.
5 C's include Company, customer, collaborators, competition, and context.
Context (or climate): political (trade regulations, taxes, legal issues, labor law), economic (labor costs, growth rates), social (demographics, culture, education, etc.), or technological trends (cost ?) This is also known as the five cs analysis.
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The long-run economic level of output, according to the vertical, long-run aggregate supply curve, depends on?
The long-run economic level of output, according to the vertical, long-run aggregate supply curve, depends on the economy's labor, capital, and technology, but not on the overall level of prices.
The level of production produced by enterprises and the price level over the long term are related by the long-run aggregate supply (LRAS) curve.
The long-run aggregate supply curve in Panel, "Natural Employment and Long-Run Aggregate Supply," is a vertical line at the economy's potential production level.
The one real wage at which employment stabilizes is that wage. Only a real wage of e generates natural employment Le in Panel, "Natural Employment and Long-Run Aggregate Supply."
However, any of an indefinitely large number of nominal salary and price-level combinations might be used in the economy to reach this actual wage.
Assume, for instance, that the equilibrium real wage is 1.5, or the ratio of wages to the level of prices.
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Lance's taxable income last year was $65,350. According to the tax table
below, how much tax does he have to pay if he files with the "Single" status?
The amount of tax that Lance is going to have to pay under the single status is going to be $12,531
What is the single status tax system?This is the status that is used by the people that are not married. In this system of filing taxes, the way that it is done is that the single filers would have to use the single status for the internal revenue service.
We have to multiply the income that is taxable from last year by 19.17%
= $65,350 * 19.17%
= $12531
Hence the amount that has to be taxed is going to be 12531
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The right to ____ is never directly granted to all shareholders of a publicly held corporation.
The right to declare dividends on the common stock is never directly granted to all shareholders of a publicly held corporation. To declare dividends on the common stock.
When a corporation declares a dividend, it offers the amount of the dividend and the elegance of stocks for which the employer will pay the dividend. every person keeping shares of dividend-paying common inventory has a right to the dividend as long as he holds the inventory at the "report" date.
The board of administrators issues a declaration declaring how a whole lot can be paid out and over what timeframe. This statement implies liability for the dividend payments.
Legally, businesses must have a credit score stability in Retained earnings with a purpose to claim a dividend. Nearly, a employer must even have a coins balance huge enough to pay the dividend and nevertheless meet upcoming desires, including asset growth and payments on existing liabilities.
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The market risk premium is the additional return that investors require to invest in blank______ rather than blank______.
The market risk premium is the additional return that investors require to invest in the market portfolio rather than treasury bills.
What is a market risk premium?The market risk premium (MRP) is the difference between a market portfolio's projected return and the risk-free rate. The slope of the security market line (SML), a graphical representation of the capital asset pricing model, equals the market risk premium (CAPM).The market risk premium is the extra return required by investors to invest in a market portfolio rather than treasury bills.The distinction between a market-risk premium and an equity-risk premium is based on scope. The market risk premium is the excess return on an index or portfolio of investments over the risk-free rate.Therefore, the market risk premium is the additional return that investors require to invest in the market portfolio rather than treasury bills.
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