The option A is the correct answer.When a perpetual inventory system is used, a physical inventory is still necessary to check the accuracy of the perpetual inventory records. While perpetual inventory systems automatically update inventory records with each sale and purchase, errors can still occur.
By taking a physical inventory, a business can verify the actual quantity and condition of the inventory on hand, and compare it to the records in the perpetual inventory system. This helps to identify and correct any discrepancies, ensuring that the inventory records are up-to-date and accurate.
Additionally, physical inventory counts can be used to calculate inventory ratios and determine the cost of goods sold for the accounting period. Therefore, option A is the correct answer.
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Firms in a particular industry all compete by fully rationalizing their value creation added chains. This is an example of Select one: a. market globalization b. multinational competetiveness industry divergence C. d. market divergence Question 50 Not yet answered Points out of 9 P Flag question What is the layer of CSR (corporate social responsibility) in which the firm establishes a code of conduct that it will employ in its internationalization processes in order to assure the greatest level of transparency? Select one: a. Strategic Corporate Social Responsibility (CSR) b. Risk management Corporate Social Responsibility (CSR) c. Task orientation d. Traditional philanthropy
The competition among firms in a particular industry to fully rationalize their value creation added chains is an example of market convergence. Market convergence refers to the process by which markets become more similar in terms of products, technology.
The layer of CSR in which the firm establishes a code of conduct that it will employ in its internationalization processes in order to assure the greatest level of transparency is strategic Corporate Social Responsibility (CSR).
This involves aligning the firm's social and environmental objectives with its business strategy in order to create shared value for both the company and society.
By establishing a code of conduct that prioritizes transparency in its international operations, the firm can demonstrate its commitment to responsible business practices and build trust with stakeholders.
Risk management Corporate Social Responsibility (CSR) involves identifying and managing risks associated with the firm's social and environmental impacts, while traditional philanthropy involves charitable giving to support community causes.
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Once goldsmiths started making loans, A. their receipts were no longer backed at all by gold. B. their outstanding receipts were greater than the amount of gold they had in their vaults. OC. their outstanding receipts were less than the amount of gold they had in their vaults. D. their outstanding receipts were backed 100 percent by gold.
Once goldsmiths started making loans B. Their outstanding receipts were greater than the amount of gold they had in their vaults.
This situation occurred because goldsmiths realized they could issue more receipts than the actual gold they possessed, assuming that not all depositors would request their gold simultaneously. This practice marked the beginning of fractional reserve banking, where banks maintain only a fraction of the total deposits as reserves.
As goldsmiths issued loans using their gold reserves, they essentially created money through the credit system. However, this practice also posed certain risks. If all depositors demanded their gold simultaneously, goldsmiths would not be able to fulfill their obligations, leading to a loss of confidence in the banking system.
Despite these risks, the fractional reserve system allowed goldsmiths to extend credit and promote economic growth. Today, modern banks still employ fractional reserve banking, with regulations and safeguards in place to manage potential risks.
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4. month: The following is Robin Corporation's contribution format income statement for the last Sales $1,500,000 Variable expenses $500,000 Contribution margin $1,000,000 Fixed expenses $600,000 Net operating income $400,000 The company has no beginning or ending inventories and produced and sold 50,000 units during the month. Required: A. What is the company's contribution margin ratio? B. What is the company's break even in units? If sales increased by 1000 units, by how much should net operating income increase? C. D. How many units would the company have to sell to attain target profits of $500,000? E. What is the company's margin of safety in dollars? F. What is the company's degree of operating leverage?
A. Contribution margin ratio is calculated as contribution margin divided by sales:
Contribution margin ratio = Contribution margin / Sales
Contribution margin ratio = $1,000,000 / $1,500,000
Contribution margin ratio = 0.67 or 67%
B. Break-even in units can be calculated as fixed expenses divided by contribution margin per unit:
Break-even in units = Fixed expenses / Contribution margin per unit
Contribution margin per unit = Contribution margin / Units sold
Contribution margin per unit = $1,000,000 / 50,000
Contribution margin per unit = $20
Break-even in units = $600,000 / $20
Break-even in units = 30,000 units
If sales increased by 1000 units, the company's net operating income would increase by the contribution margin on those units:
Contribution margin on 1000 units = 1000 units x $20 per unit = $20,000
C. Units to attain target profit can be calculated as follows:
Target profit = Fixed expenses + Target profit / Unit contribution margin
Target profit = $600,000 + $500,000 / $20
Target profit = $1,100,000 / $20
Target profit = 55,000 units
D. Margin of safety in dollars can be calculated as the difference between actual sales and break-even sales, multiplied by the contribution margin ratio:
Margin of safety = (Actual sales - Break-even sales) x Contribution margin ratio
Break-even sales = 30,000 units x $20 per unit = $600,000
Margin of safety = ($1,500,000 - $600,000) x 0.67
Margin of safety = $900,000 x 0.67
Margin of safety = $603,000
E. Degree of operating leverage (DOL) can be calculated as follows:
DOL = Contribution margin / Net operating income
DOL = $1,000,000 / $400,000
DOL = 2.5
This means that a 1% change in sales would result in a 2.5% change in net operating income.
F. The degree of operating leverage (DOL) can also be calculated as follows:
DOL = Total contribution margin / Net operating income
Total contribution margin = Sales - Variable expenses
Total contribution margin = $1,500,000 - $500,000
Total contribution margin = $1,000,000
DOL = $1,000,000 / $400,000
DOL = 2.5
Therefore, the company's degree of operating leverage is 2.5.
Selecting a large, small, or contrasting __________ draws the reader's interest.
Selecting a large, small, or contrasting element draws the reader's interest.
When it comes to selecting an element to draw the reader's interest, there are several options to choose from. One approach is to use a large element, such as a big, bold headline or an eye-catching image. This can immediately grab the reader's attention and make them curious to learn more.
Another option is to use a small element, such as a subtle icon or a tiny detail that might be easy to miss at first glance. This can create intrigue and encourage the reader to look more closely at the content.
Finally, using a contrasting element can be effective in drawing the reader's interest. This could be a contrasting color, font, or design element that stands out from the surrounding content. This creates a visual break that can be attention-grabbing and memorable. Ultimately, the best approach will depend on the specific content and the desired effect, but using a large, small, or contrasting element is a good place to start.
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Customer service can be defined as the overall process or strategy that an organization employs to
A Create customer satisfaction
B Process warranty returns
C Build a good website
D Guard against negative comments on social media
A) Create customer satisfaction. Customer service involves all interactions between an organization and its customers, with the aim of meeting their needs and expectations and ensuring their satisfaction.
This includes providing helpful and courteous service, addressing customer concerns and complaints, and delivering high-quality products or services. The goal of customer service is to build strong relationships with customers, improve customer loyalty, and increase business revenue.
Customer service is the process of ensuring customer satisfaction with a product or service. It involves providing support before, during, and after a purchase or transaction, and addressing any questions or concerns that customers may have. The goal of customer service is to create a positive and seamless experience for customers, and to build long-term relationships that lead to customer loyalty and repeat business
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The following information was available for Pete Company at December 31, 2022: beginning inventory $90,000; ending inventory $70,000; cost of goods sold $984,000; and sales $1,350,000. Pete's days in inventory in 2022 was 21.6 days. 33.5 days. 25.9 days. 29.7 days.
The days in inventory ratio measures the number of days it takes for a company to sell its inventory. It is calculated by dividing the average inventory turnover by 365. In this case, we have the beginning and ending inventory values, Days in Inventory are 29.7 days
To calculate the days in inventory ratio, we first need to calculate the inventory turnover. Inventory turnover is calculated by dividing the cost of goods sold by the average inventory, which is the sum of the beginning and ending inventory divided by two.
Using the information given, we can calculate the inventory turnover as follows: Inventory turnover = Cost of goods sold / ((Beginning inventory + Ending inventory) / 2) = $984,000 / (($90,000 + $70,000) / 2) = 13 . Next, we can calculate the days in inventory by dividing 365 by the inventory turnover: Days in inventory = 365 / Inventory turnover = 365 / 13 = 29.7 days
Therefore, the answer is not one of the options given , which is the number of days it takes for Pete Company to sell its inventory. This means that Pete Company is able to sell its inventory and replace it with new inventory within a month on average, which is a good sign of efficient inventory management. The correct answer is 29.7 days
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What is going to happen if an apprentice does not measure up to the standards set by the committee by not studying and performing well on the required examinations or maintaining a passing average?
If an apprentice fails to measure up to the standards set by the committee, several consequences may arise. The committee, responsible for maintaining and enforcing the established criteria, will first evaluate the apprentice's performance and progress. This assessment will determine if the apprentice's shortcomings are due to a lack of effort, understanding, or external factors.
Upon review, the committee may decide to implement remedial actions to help the apprentice improve. These actions might include additional training, tutoring, or mentoring to address knowledge gaps and performance issues. The apprentice will be expected to take advantage of these resources and demonstrate a commitment to improvement.
If the apprentice continues to underperform despite the additional support, the committee may decide to impose more severe consequences. These can range from probationary periods, where the apprentice must show significant progress to continue in the program, to dismissal from the apprenticeship program altogether.
In summary, an apprentice who does not measure up to the standards set by the committee risks facing remedial actions, probation, or dismissal. It is crucial for the apprentice to actively engage in the learning process and demonstrate progress to avoid jeopardizing their future in the program.
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Assignment #9 Close Date: Thu, Apr 7,2022, 11:59 PM Question 5 of 10 Test the claim that the average weight of a new SUV is 1,940 kg, if a sample of 309 vehicle weights results in a sample mean of 1.931 kg, with a standard deviation of 61.7 kg. Use a 5% level of significance.
Standard Normal Distribution Table
a. Calculate the test statistic. Z 0.00 Round to two decimal places if necessary
b. Determine the critical value(s) for the hypothesis test. Round to two decimal places if necessary
c. Conclude whether to reject the null hypothesis or not based on the test statistic. o Reject o Fail to Reject
The test statistic is -1.25. The critical value(s) for the hypothesis test is -1.645. The null hypothesis will be rejected.
What is test statistic?
A test statistic is a summary measure that compares the observed data to what would be expected under a specific null hypothesis. It is used in statistical hypothesis testing to determine the likelihood that the null hypothesis is true.
a. To calculate the test statistic, we use the formula:
Z = (sample mean - population mean) / (standard deviation / square root of sample size)
Substituting the given values, we get:
Z = (1.931 - 1.940) / (61.7 / √309) = -1.25
Therefore, the test statistic is -1.25 (rounded to two decimal places).
b. To determine the critical value(s) for the hypothesis test, we need to find the z-score corresponding to a 5% level of significance.
From the standard normal distribution table, we see that the z-score for a one-tailed test at the 5% level is -1.645 (rounded to two decimal places).
c. To decide whether to reject or fail to reject the null hypothesis, we compare the test statistic (-1.25) with the critical value (-1.645).
Since the test statistic is greater than the critical value (in absolute value), we fail to reject the null hypothesis. In other words, there is not enough evidence to support the claim that the average weight of a new SUV is 1,940 kg.
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Currently, data processing in a textile company is done by manual procedures. To do this, they have 12 employees with an average annual salary of $10,500. In high sales season it is necessary to work overtime. It has been calculated that an average of 12% of annual salary is paid in overtime to all employees in the department. The possibility of acquiring a computer to process all the information is contemplated. The equipment data is: acquisition value, $77,000; Five employees at an average annual salary of $17,500 each will be required, will no longer be paid overtime, and will have zero end-of-life salvage value. For an analysis period of five years, determine the incremental rate of return on replacement if the annual maintenance on the equipment is $15,800.
The incremental rate of return on replacement is negative, indicating that this investment is not financially feasible for the textile company.
Based on the given information, the current cost of data processing for the textile company is $126,000 per year ($10,500 x 12 employees). During high sales season, an additional 12% of the annual salary is paid in overtime, which amounts to $15,120 ($126,000 x 0.12). Therefore, the total cost of data processing during high sales season is $141,120.
If the company acquires the computer equipment, they will have to pay a one-time acquisition cost of $77,000. In addition, they will need to hire five new employees at an average annual salary of $17,500, which will result in an annual salary cost of $87,500. However, the company will no longer have to pay overtime during high sales season, which will result in savings of $15,120 per year.
The incremental rate of return on replacement can be calculated as follows:
Annual savings = Savings on overtime - Additional salary cost - Annual maintenance cost
Annual savings = $15,120 - $87,500 - $15,800
Annual savings = -$88,180 (negative value indicates additional cost)
As the annual savings are negative, it means that the company will incur an additional cost of $88,180 per year by acquiring the computer equipment. Therefore, the incremental rate of return on replacement is negative, indicating that this investment is not financially feasible for the textile company.
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2.2 In the spring of 2018, China's central bank, People's Bank of China, announced that it would cut the reserve requirement ratio from 17 percent to 16 percent. This was expected to release ¥1,300 billion of additional liquidity into the banking system. How large was the monetary base initially?
The initial monetary base of the banking system was ¥130,000 billion.
To determine the initial monetary base before the People's Bank of China cut the reserve requirement ratio from 17% to 16%, we will follow these steps:
Step 1: Calculate the amount of liquidity released after the cut (¥1,300 billion).
Additional liquidity released = ¥1,300 billion
Step 2: Determine the difference between the reserve requirement ratios (1%).
Difference in reserve requirement ratios = 17% - 16% = 1%
Step 3: Calculate the initial monetary base by dividing the released liquidity by the difference in reserve requirement ratios.
Initial monetary base = Additional liquidity / Difference in reserve requirement ratios = ¥1,300 billion / 0.01
Initial monetary base = ¥130,000 billion.
So, the initial monetary base of the banking system was ¥130,000 billion.
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assume the following cost of goods sold data for a company: if 2020 is the base year, what is the percentage increase in cost of goods sold from 2020 to 2022? question 1 options: 1) 140% 2) 40% 3) 20% 4) 17%
If 2020 is the base year, what is the percentage increase in cost of goods sold from 2020 to 2022 is 40%. Therefore, the correct option is option 2.
You want to find the percentage increase in cost of goods sold from 2020 to 2022, given the cost of goods sold data for 2020, 2021, and 2022.
1. Identify the cost of goods sold in 2020 and 2022:
In 2020, the cost of goods sold is $1,060,000, and in 2022, it is $1,484,000.
2. Calculate the difference between the cost of goods sold in 2022 and 2020:
$1,484,000 - $1,060,000 = $424,000.
3. Find the percentage increase by dividing the difference by the cost of goods sold in the base year (2020) and multiplying by 100:
($424,000 / $1,060,000) * 100 = 40%.
So, the percentage increase in cost of goods sold from 2020 to 2022 is 40%, which corresponds to option 2.
Note: The question is incomplete. The complete question probably is: assume the following cost of goods sold data for a company:
2022 2021 2020
$1484000 1220000 1060000
If 2020 is the base year, what is the percentage increase in cost of goods sold from 2020 to 2022? question 1 options: 1) 140% 2) 40% 3) 20% 4) 17%.
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The starting point that is studied in relation to the degree of change following a promotional campaign is called a:
A) post-hoc analysis
B) marginal analysis
C) benchmark measure
D) standardized measure
Benchmark measure is the starting point that is studied in relation to the degree of change following a promotional campaign. Option c is correct.
A benchmark measure is a baseline measure that is taken prior to the implementation of a promotional campaign. It provides a point of reference for evaluating the effectiveness of the campaign by measuring changes in performance or behavior after the campaign has been launched. For example, if a company wants to measure the impact of a new advertising campaign on sales, it may establish a benchmark measure of current sales levels before launching the campaign. After the campaign has been running for a period of time, the company can compare current sales levels to the benchmark measure to determine if the campaign has been successful in driving sales. Benchmark measures are important because they provide a way to measure the incremental impact of a promotional campaign over and above the normal performance of the business. They can also help to identify areas for improvement and optimization in future campaigns.
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simon is an accountant looking through investment paperwork. he needs to make a compound interest calculation. information he needs available to do that includes . (select all that apply.) frequency of compounding initial investment amount type of investment interest rate
Simon, being an accountant, needs to make a compound interest calculation based on the investment paperwork. In order to do this calculation, he needs to have access to certain information which includes the frequency of compounding, the initial investment amount, the type of investment, and the interest rate.
The frequency of compounding is an important factor that Simon needs to know in order to accurately calculate the compound interest. Compounding can be done daily, monthly, quarterly, or yearly, and the more frequently the investment compounds, the greater the interest earned.
The initial investment amount is another key factor that Simon needs to know as it directly impacts the overall return on investment. The higher the initial investment, the greater the potential earnings.
The type of investment is also important as it affects the interest rate and potential earnings. Different types of investments have varying interest rates and returns, so Simon needs to know the type of investment in order to accurately calculate the compound interest.
Lastly, Simon needs to know the interest rate, which is the rate at which the investment grows over time. The higher the interest rate, the greater the potential earnings.
In conclusion, in order for Simon to accurately calculate the compound interest, he needs to have access to the frequency of compounding, initial investment amount, type of investment, and interest rate. These factors are all interrelated and play a significant role in determining the overall return on investment.
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An allele of RNA polymerase in Drosophila Juodovi demonstrates a recessive lethal inheritance pattern. Which of the following is true? subnormon a. Two heterozygotes will have offspring with a 2:1 pattern. Vw w srl row nota o evits b. Two homozygous recessive parents will have 100% homozygous offspring. c. Homozygous recessive offspring will never be seen. will maswb su to mo d. The threshold effect is not seen in recessive lethality. on siis v bliw Polswb So e. Homozygous lethal genes will always to sometne demonstrate a gain of function pattern.
Tthe RNA polymerase allele in Drosophila Juodovi, the correct statement is:
a. Two heterozygotes will have offspring with a 2:1 pattern.
This is because, in a recessive lethal inheritance pattern, when two heterozygous parents mate, the offspring will follow a 2:1 pattern.
This is because the homozygous recessive offspring will not survive due to the lethal allele, and only the heterozygous and homozygous dominant offspring will be observed. The other statements are not true in the context of recessive lethal inheritance patterns.
In genetics, a recessive lethal inheritance pattern is a genetic pattern in which an individual must inherit two copies of a specific gene (one from each parent) to develop a lethal condition. This means that individuals with only one copy of the gene (heterozygotes) are unaffected but can pass the gene on to their offspring.
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Which statement can not be used as a tactic from social media marketers in order to shift from a model of content as broadcast to one that emphasizes authentic engagement
A. Quickly respond to comments and messages
B. Relevant content and images should drive a CTA.
C. Seek product and service feedback and reviews.
D. Develop plans that encourage fans to interact with each other.
The statement can not be used as a tactic from social media marketers in order to shift from a model of content as broadcast to one that emphasizes authentic engagement is Develop plans that encourage fans to interact with each other.
To interact means to communicate or engage with someone or something. It involves a two-way exchange of ideas, information, or actions, and can take many different forms, including verbal or nonverbal communication, physical or digital interactions, and social or professional interactions. Interacting with others is an essential part of human experience, and plays a vital role in our social, emotional, and cognitive development. It helps us build relationships, exchange knowledge and ideas, and navigate complex social and cultural environments. Interactions can be positive or negative, depending on the context, the participants, and the outcome. Effective communication skills and interpersonal skills are essential for successful interactions in all aspects of life.
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The parameters for the week 7 project deliverable are as follows . The firm is looking to expand its operations by 10% of the firm's net property, plant, and equipment. (Calculate this amount by taking 10% of the property, plant, and equipment figure that appears on the firm's balance sheet) • The estimated life of this new property, plant, and equipment will be 12 years. The salvage value of the equipment will be 5% of the property, plant and equipment's cost • The annual EBIT for this new project will be 18% of the project's cost • The company will use the straight-line method to depreciate this equipment. Also assume that there will be no increases in not working capital each year, Uso 35% as the tax rate in this project • The burdle rate for this project will be the WACC that you are able to find on a financial website, such as Gurufocus.com. If you are unable to find the WACC for a company, contact your instructor. He or she will assign you a WACC rato, Signature Assignment Deliverables . Prepare a narrated PowerPoint presentation that will highlight the following items. Your calculations for the amount of property, plant, and equipment and the annual depreciation for the project Your calculations that convert the project's EBIT to free cash flow for the 12 years of the project • The following capital budgeting results for the project Net present value Internal rate of return Discounted payback period • Your discussion of the results that you calculated above, including a recommendation for acceptance or rejection of the project Once again, you may embed your Excel spreadsheets into your document. Be sure to follow APA standards for this project.
We must subtract 10% from the total amount of property, plant, and equipment listed on the company's balance sheet to determine this sum. Let's assume that the cost of the property, plant, and equipment is $500,000. This sum would be $10,000, or $50,000. This is the sum that the company plans to invest in new machinery.The salvage value of the equipment will be 5% of the property, plant, and equipment cost.
The estimated life of the new property, plant, and equipment will be 12 years. T If we assume that the cost of the new equipment is $50,000, then the salvage value would be $2,500 (5% of $50,000).
The annual EBIT for this new project will be 18% of the project's cost. If we assume the cost of the new equipment is $50,000, then the annual EBIT would be $9,000 (18% of $50,000).
The company will use the straight-line method to depreciate this equipment. This means that the annual depreciation expense will be the cost of the equipment minus the salvage value divided by the estimated life of the equipment. Using the numbers from above, the annual depreciation expense would be ($50,000 - $2,500) / 12 = $4,167.
Assuming a tax rate of 35%, we can calculate the free cash flow for the project. To do this, we would take the annual EBIT of $9,000, subtract the annual depreciation expense of $4,167, and multiply by (1 - 0.35). This would give us a free cash flow of $3,224.
To calculate the Net Present Value (NPV) of the project, we would discount the free cash flows to present value using the company's weighted average cost of capital (WACC). The internal rate of return (IRR) is the rate at which the project's NPV equals zero. The discounted payback period is the amount of time it takes for the project's discounted cash inflows to equal its initial investment.
After calculating the capital budgeting results, we can recommend whether to accept or reject the project based on whether the NPV is positive or negative. If the NPV is positive, the project should be accepted. If the NPV is negative, the project should be rejected. We should also consider other factors such as the company's strategic goals and available resources before making a final decision.
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As a legal entity, a_______ can enter into contracts without as much difficulty as a partnership.
As a legal entity, a corporation can enter into contracts without as much difficulty as a partnership. This is because corporations have a separate legal existence from their owners or shareholders, which means that they can enter into contracts and engage in business activities on their own behalf. In contrast, partnerships are not considered legal entities and are instead composed of individual partners who share in the profits and losses of the business.
Because corporations have a separate legal existence, they are able to sign contracts in their own name and assume liability for the terms of those contracts. This gives them a greater degree of flexibility and protection when it comes to entering into business agreements, as well as a greater ability to raise capital by issuing stocks or bonds.
However, it's important to note that there are still legal requirements and obligations that corporations must follow when entering into contracts. For example, they must comply with applicable laws and regulations, ensure that the terms of the contract are clear and unambiguous, and seek legal advice if necessary to protect their interests. Nonetheless, overall, corporations have greater legal flexibility and protection when it comes to contracting compared to partnerships.
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At the end of the first year of operations, 4,200 units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows:
Direct materials $36.70 Direct labor 20.00 Fixed factory overhead 5.60 Variable factory overhead 4.90 Determine the cost of the finished goods inventory reported on the balance sheet under (a) the absorption costing concept and (b) the variable costing concept.
Absorption costing $
Variable costing $
a) the cost of the finished goods inventory under absorption costing concept is $282,240. b) the cost of the finished goods inventory under variable costing concept is $258,720.
To determine the cost of the finished goods inventory reported on the balance sheet under (a) absorption costing and (b) variable costing, we'll first calculate the total manufacturing cost per unit for both methods and then multiply it by the number of units remaining in inventory.
(a) Absorption costing includes direct materials, direct labor, and both fixed and variable factory overhead in the unit cost:
Unit cost (Absorption) = Direct materials + Direct labor + Fixed factory overhead + Variable factory overhead
Unit cost (Absorption) = $36.70 + $20.00 + $5.60 + $4.90
Unit cost (Absorption) = $67.20
Now, multiply the unit cost by the number of units remaining in inventory:
Finished goods inventory (Absorption) = Unit cost (Absorption) × Number of units
Finished goods inventory (Absorption) = $67.20 × 4,200
Finished goods inventory (Absorption) = $282,240
(b) Variable costing includes direct materials, direct labor, and variable factory overhead in the unit cost, but excludes fixed factory overhead:
Unit cost (Variable) = Direct materials + Direct labor + Variable factory overhead
Unit cost (Variable) = $36.70 + $20.00 + $4.90
Unit cost (Variable) = $61.60
Now, multiply the unit cost by the number of units remaining in inventory:
Finished goods inventory (Variable) = Unit cost (Variable) × Number of units
Finished goods inventory (Variable) = $61.60 × 4,200
Finished goods inventory (Variable) = $258,720
So, the cost of the finished goods inventory under absorption costing is $282,240, and under variable costing, it is $258,720.
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If the price elasticity of demand for a good is 0.75, the demand for the good can be described as
A. elastic.
B. normal.
C. inelastic.
D. inferior.
If the price elasticity of demand for a good is 0.75, the demand for the good can be described as:
C. inelastic.
An inelastic demand is characterized by a price elasticity of demand that is less than 1. In this case, a 0.75 price elasticity of demand indicates that the percentage change in quantity demanded is less than the percentage change in price, meaning that the demand is relatively insensitive to changes in price.
Elasticity of demand is a measure of how sensitive the demand for a product or service is to changes in price. It measures the percentage change in demand resulting from a percentage change in price. A high elasticity of demand means that a small change in price can result in a large change in demand, and vice versa.
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A customer purchased a complete living room set for $2700 he paid $400 down and financed the balance with payments of $267.41 for nine months find the annual percentage rate
The annual percentage rate for the customer's purchase is 6.21%.
To find the annual percentage rate (APR) for the customer's purchase, we need to first calculate the total amount of interest paid over the nine months of financing.
The total amount financed is the original price minus the down payment, which is $2700 - $400 = $2300.
The total amount of payments made over nine months is $267.41 x 9 = $2406.69.
So the amount of interest paid is $2406.69 - $2300 = $106.69.
Now we can use the formula for APR:
APR = (interest paid / total amount financed) x (12 / number of months) x 100
Plugging in the values we just calculated:
APR = (106.69 / 2300) x (12 / 9) x 100
APR = 0.0465 x 1.333 x 100
APR = 6.21%
So, the annual percentage rate for the customer's purchase is 6.21%.
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An auditor that is requested to provide a report on application of requirements of an appropriate financial reporting framework may not: Multiple Choice - state that differences in facts, circumstances, or assumptions might change the conclusion. - issue an opinion on the accounting treatment of a hypothetical transaction.
- limit the report to the sole use of specified parties.
- discuss the requirements with the client's current auditors.
An auditor that is requested to provide a report on the application of requirements of an appropriate financial reporting framework may not: b) issue an opinion on the accounting treatment of a hypothetical transaction.
However, they must discuss the requirements with the client's current auditors and they cannot limit the report to the sole use of specified parties. Additionally, while an auditor can provide their opinion based on the facts, circumstances, or assumptions at hand, they cannot state that differences in these factors might change their conclusion.
An auditor may not issue an opinion on the accounting treatment of a hypothetical transaction because their role is to provide an opinion on actual financial statements and transactions, not hypothetical ones.
Therefore, when an auditor that is requested to provide a report on application of requirements of an appropriate financial reporting framework may not issue an opinion on the accounting treatment of a hypothetical transaction (option b) is correct.
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Lulu Corp, a VAT-registered taxpayer, disclosed the following financial records for the taxable year 2020: Local sales to private entities 1,500,000 Export sales 500,000 Local sales to government 800,000. How much is the total sales subject to 12% VAT?
For Lulu Corp, a VAT-registered taxpayer, the total sales subject to 12% VAT for the taxable year 2020 is 2,300,000.
You provided the following financial records for the taxable year 2020:
Local sales to private entities 1,500,000, Export sales 500,000, and Local sales to government 800,000.
To calculate the total sales subject to 12% VAT, we need to identify which sales categories are subject to VAT.Local sales to private entities are subject to VAT, so we include the full 1,500,000.
Export sales are generally zero-rated and not subject to VAT, so we exclude the 500,000. Local sales to government are also subject to VAT, so we include the full 800,000.
Total sales subject to 12% VAT = 1,500,000 (private entities) + 800,000 (government) = 2,300,000.In conclusion, Lulu Corp's total sales subject to 12% VAT for the taxable year 2020 is 2,300,000.
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George sold a computer that was used 100% in his business for $500. The computer was fully depreciated on the date of the sale, and subject to depreciation recapture per Internal Revenue Code Section 1245. The gain on the sale was $500. There was $300 of depreciation on the computer that was recaptured per Internal Revenue Code Section 1245. Which of the following is true in regards to the $300 of depreciation recapture?
Group of answer choices
The $300 will be treated as a short term capital gain.
The $300 will be treated as a long term capital gain.
The $300 will be treated as ordinary income.
The $300 is non taxable income.
The $300 of depreciation recapture will be treated as ordinary income.
According to Internal Revenue Code Section 1245, when a property used for business purposes is sold, any depreciation that was claimed on the property must be recaptured and reported as ordinary income. In this case, George sold a fully depreciated computer that was used 100% in his business for $500, and the gain on the sale was also $500.
Since the computer was fully depreciated, the entire $300 of depreciation that was recaptured per Section 1245 will be treated as ordinary income and taxed at ordinary income tax rates.
Therefore, the correct answer is: The $300 will be treated as ordinary income.
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What best characterizes the buying habits of the most loyal customers
The buying habits of the most loyal customers are characterized by their consistent and frequent purchases, high levels of engagement with the brand, and a strong emotional attachment to the products or services offered.
The best characterization of the buying habits of the most loyal customers typically includes the following terms: frequency, consistency, brand loyalty, and high lifetime value.
1. Frequency: Loyal customers tend to make purchases more frequently than one-time or occasional customers. They are more likely to return to the same brand or store regularly.
2. Consistency: Loyal customers are consistent in their purchasing patterns, often choosing the same products or services repeatedly over time.
3. Brand loyalty: These customers exhibit strong attachment and commitment to a specific brand or store, preferring it over competitors, even if it may sometimes be more expensive or less convenient.
4. High lifetime value: Loyal customers have a high lifetime value, meaning the total revenue they generate for a business over their entire relationship with that business is typically much higher than that of less loyal customers.
In summary, the buying habits of the most loyal customers are best characterized by their frequency, consistency, brand loyalty, and high lifetime value.
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two alternatives, code-named x and y, are under consideration at guyer corporation. costs associated with the alternatives are listed below. alternative x alternative y materials costs $ 41,000 $ 59,000 processing costs $ 45,000 $ 45,000 equipment rental $ 17,000 $ 17,000 occupancy costs $ 16,000 $ 24,000 what is the financial advantage (disadvantage) of alternative y over alternative x?
The means that alternative x is the more financially advantageous option. Total costs: $145,000
How we can financial advantage (disadvantage) of alternative?To determine the financial advantage (disadvantage) of alternative y over alternative x, we need to compare the total costs of each alternative.
Alternative X:
Materials costs: $41,000
Processing costs: $45,000
Equipment rental: $17,000
Occupancy costs: $16,000
Total costs: $119,000
Alternative Y:
Materials costs: $59,000
Processing costs: $45,000
Equipment rental: $17,000
Occupancy costs: $24,000
Total costs: $145,000
To calculate the financial advantage (disadvantage) of alternative y over alternative x, we need to subtract the total costs of alternative x from the total costs of alternative y:
$145,000 (total costs of alternative y) - $119,000 (total costs of alternative x) = $26,000
Therefore, alternative y has a financial disadvantage of $26,000 compared to alternative x.
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It's important to know what a citation represents because that often helps you find the item. What does the following citation represent? Nelissen, R., & Meijers, M.H.er Inc. (2011). Social benefits of luxury brands as costly signals of wealth and status. Evolution and Human Behavior, 32(5). 343-355. DOI: 10.1016/j.evolhumbehav.2010.12.002. O a journal article O a book chapter O a journal conference proceedings O a book
The citation provided represents a journal article. Therefore, the correct option is option 1.
A citation is a reference to a source of information, published or unpublished source, typically used in academic writing to give credit to the original author and to allow readers to locate the source material. It allows readers to locate and consult the original work. It typically includes the author(s), title, publication date, and other relevant details.
The given citation represents a journal articles. The reasoning for this option is that it includes the journal title (Evolution and Human Behavior), the volume number (32), the issue number (5), and the page range (343-355). Additionally, it provides a DOI (Digital Object Identifier) which is commonly used for journal articles.
Hence, the correct answer is option 1: a journal article.
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70. Formal orientation programs are intended to familiarize new employees with their roles, other employees, and the organization. True False
True. Formal orientation programs are designed to provide new employees with information about their job responsibilities, the company culture, and other employees in the organization. The goal of these programs is to help new employees feel more comfortable and prepared for their new roles within the company.
The statement "70. Formal orientation programs are intended to familiarize new employees with their roles, other employees, and the organization" is True.
Formal orientation programs are designed to help new employees understand their roles, get acquainted with other employees, and learn about the organization they have joined. This process helps in easing their transition into the workplace and allows them to become productive members of the team more quickly.
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is there an inverse relationship between the level of risk and the risk premium given a risky security.
Yes, there is an inverse relationship between the level of risk and the risk premium given a risky security.
The risk premium is the additional return that investors require to compensate for the higher risk associated with a risky security. As the level of risk increases, investors demand a higher risk premium to compensate for the increased risk.
For example, if an investor is considering investing in a risky security with a high level of risk, they will require a higher risk premium to compensate for the higher risk. Conversely, if an investor is considering investing in a less risky security with a lower level of risk, they will require a lower risk premium.
This relationship is due to the fact that investors are risk-averse, meaning they are willing to take on more risk only if they are compensated with a higher return. Therefore, as the level of risk increases, investors require a higher return to compensate for the increased risk, resulting in a higher risk premium.
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A product has three distinct layers. The most basic level is the ________, which consists of allthe benefits the product will provide for consumers or business customers.A) actual productB) augmented productC) core productD) innovationE) brand
The most basic level is the core product which consists of all the benefits the product will provide for consumers or business customers. The correct option is c) core product.
This refers to all the benefits that the product will provide for consumers or business customers. Essentially, the core product is what the customer is actually buying - it's the reason they need the product in the first place. For example, if the product is a car, the core product would be transportation. The car provides a means for the customer to get from one place to another.
The other two layers of the product - the actual product and the augmented product - build upon this core product. The actual product includes features and design elements that enhance the core product, while the augmented product includes additional services or support that go beyond the actual product. It's important for companies to understand the core product of their offerings, as this is what customers truly value and are willing to pay for. The correct option is c) core product.
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the of the ad describes how useful an ad message is to the consumer doing the search. provides a measure of through its adwords system using a proprietary metric known as a quality score.
The quality score of an ad is an important metric used by adwords system to determine how useful an ad message is to the consumer doing the search. This score is calculated based on a number of factors including the relevance of the ad to the search query, the quality of the landing page, and the historical performance of the ad.
For the consumer, a high quality score means that the ad they are seeing is likely to be relevant to their search and provide valuable information or solutions. This helps to ensure a positive experience for the user, which is important for mission of providing the most useful and relevant results for each search. For advertisers, the quality score is also important as it can directly impact the cost and effectiveness of their ads. A higher quality score typically leads to lower costs per click and higher ad positions, which can result in more clicks and conversions. Advertisers are encouraged to focus on improving their quality score by creating relevant and high-quality ads, optimizing their landing pages, and targeting their ads to the most relevant audiences. Overall, the quality score is a key factor in ensuring a positive experience for both the consumer and the advertiser, and plays an important role in the effectiveness of adwords system.
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