Which of the following is a current liability?
O A. service revenue
OB. a mortgage obligation
O C. accounts payable
OD. long-term notes payable

Answers

Answer 1

Option:-

[tex] \rm{C ) Account \: Payable }[/tex]

[tex] \: [/tex]

Ans:-

Current liabilities are typically settled using current assets, which are assets that are used up within one year.

example:- Account Payable , short-term notes payable

[tex] \: [/tex]

———————————————————————

hope it helps! :)


Related Questions

The Japanese greatly value products that make efficient use of space because of the cramped conditions in urban areas in Japan. This is an example of ________ in Japan's cultural system.A) social structureB) ecologyC) ideologyD) dogma

Answers

The Japanese greatly value products that make efficient use of space because of the cramped conditions in urban areas in Japan. This is an example of ideology in Japan's cultural system.

What do you mean by ideology?

Ideology is a set of beliefs and values that shape the way individuals and societies view the world. It is an often unconscious set of assumptions about how the world works, and it guides people’s behavior and opinions. Ideology can be based on religion, culture, political beliefs, and values. It can even be an individual’s personal set of rules for living.

In the case of Japan, their ideology is heavily influenced by their culture, which emphasizes the importance of making efficient use of limited space. This is reflected in their value system, where products that optimize the use of space are seen as highly desirable. This has been further reinforced by the densely populated urban areas of Japan, which have led to the need for efficient use of space. Therefore, the Japanese are inclined to value products that make efficient use of space due to the impact of their cultural system.

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buzztronic is a market leader in consumer electronics. If Finolo and Ethver, companies that manufacture televisions, develop the same customer knowledge base and create products with the same customer appeal as buzztronic , then A. buzztronic will have a resource that is rare but no longer valuable.
B. Finolo and Ethver will have a VRIO resource.
C. buzztronic will have a sustainable competitive advantage in the industry.
D. buzztronic will have a resource that is valuable but no longer rare.

Answers

The correct answer to this question is option D. If Finolo and Ethver, companies that manufacture televisions, develop the same customer knowledge base and create products with the same customer appeal as Buzztronic, then Buzztronic will have a resource that is valuable but no longer rare.

A knowledge base is a self-service customer service library that offers details on a good, service, or subject to assist people to find solutions to issues on their own. They typically resemble this in appearance.

A knowledge base for customer service is a ready-to-use content repository where customers can independently access information and solutions. It includes articles, answers to commonly asked questions, how-to guides, and troubleshooting instructions that customers may require to address problems after making a purchase of a good or service.

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Which of the following is true for both perfectly competitive and monopolistically competitive firms in the long run?A) P = MC.B) MC = ATC.C) P > MR.D) Profit equals zero.

Answers

Profit is 0 in total. In the long run, businesses have enough time to adjust all production parameters, including the number of businesses in the market, in both perfectly competitive and monopolistically competitive marketplaces.

In the long run, there are no barriers to entry or leave from the market and all production factors can be changed without affecting output. In the long run, businesses in a market with perfect competition can only make normal profits, whereas businesses in a market with imperfect competition can make both normal profits and losses. Market power is rare in the long run, and businesses are able to modify their production procedures to suit shifting market demands. This enables the full impacts of competition to take hold and a more accurate picture of the market's underlying supply and demand dynamics. A crucial idea in economics is the long run, which serves as a standard for comparison.

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When looking at the income statement for your firm, you notice that your Cost of Goods Sold was $1M in 2012, $1.2M in 2013 and $2M in 2014. How will you determine if there is an issue you should be worried about? What other types of financial statements might you look at to see if there is an issue and why?

Answers

To determine if there is an issue with the Cost of Goods Sold (COGS), I would first look at the trend in the COGS over time. In this case, there has been a significant increase in COGS from 2012 to 2014, which could indicate a problem.

Next, I would compare the COGS to the overall revenue for each year to determine the percentage of revenue that is being spent on COGS. If the percentage is increasing over time, this could be a sign of a problem, as it indicates that a larger portion of revenue is being spent on goods rather than being used for other expenses or generating a profit.

I would also look at other financial statements to see if there is an issue. Specifically, I would look at the balance sheet and the cash flow statement. The balance sheet would provide information on the company's inventory levels and accounts payable, which would help me understand if the company is holding too much inventory or having difficulty paying its suppliers. The cash flow statement would show the company's net cash flow from operating activities, which would help me understand if the company is generating enough cash to cover its expenses.

In summary, analyzing the trend of the COGS and comparing it to the overall revenue and also looking at the balance sheet, cash flow statement would give a better understanding of the possible causes of the increase in COGS, whether it is due to an increase in inventory or an increase in cost of goods. It would also help identify any potential liquidity issues.

This activity is important because we will all be faced with difficult choices and don't want to make an unethical choice. It helps to ask
yourself the three questions created by Blanchard and Peale to make sure you don't make a mistake and do something unethical,
The goal of this activity is to demonstrate your understanding of how to use the three questions to ask yourself when faced with an
ethical dilemma.
Instructions: Read the descriptions and then determine which question is appropriate for each situation.
1. Your boss is always asking you to lie to your coworkers about why he is never in his office to cover for him.
How will it make me feel about myself? ✓
2. Your boss asks you to accept cash payments for wages and not report them to the government.
Is my proposed action legal?
3. You call in sick to work to go out with friends. It is the busiest night of the season at your job.
Is it balanced?
4. Your boss asks you to post lies about his competitor on social media.
Is it balanced?
5. A friend asked for the answers to the ethics test the employment office gives all applicants.
Is it balanced?
(Click to select)
How will it make me feel about myself?
Is my proposed action legal?
Is it balanced?

Answers

The questions that are appropriate for each scenario are:

How will it make me feel about myself?Is my proposed action legal?Is it balanced?Is it balanced?Is it balanced?

How to overcome ethical dilemmas?

When faced with an ethical dilemma, it is important to consider three questions to help guide your decision-making.

How will it make me feel about myself?: This question helps you consider the impact that your actions will have on your own sense of morality and personal values.

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The MSSP process can be described in terms of a series of elements that should be used in the purchase of goods and services. Briefly discuss these elements.

Answers

A managed security service provider (MSSP) is an information technology (IT) service provider that sells security services to enterprises.

MSSPs provide cybersecurity monitoring and management, including virus and spam blocking, intrusion detection, firewalls, and virtual private network (VPN) management.

There are six main categories of managed security services:

- On-site consultation

MSSP Consulting involves MSSPs performing in-depth security assessments of their organization's networks to identify potential and actual vulnerabilities.

- Customer network perimeter management

The purpose of the perimeter is to restrict access to sensitive data. Typically, you control who can access what on your network.

For MSSPs who provide security to large enterprises, a critical task is to ensure that the corporate network perimeter is satisfactory and all devices within it are well protected.

- Product resale

The MSSP model emerged when large companies dominated the market with their own security products.

The reseller then offers its customers customized security his solutions that consist of products from multiple vendors.

Managed security monitoring is usually the first step in responding to security incident reports.

This includes regular daily monitoring of security events, such as user logins and permission changes, and investigation of such system events throughout the network.

- Penetration testing and vulnerability analysis

Penetration testing and vulnerability assessment are methods of testing an organization's security, usually its information and technical assets.

Penetration testing is a type of ethical hacking that attempts to break into a computer system to discover vulnerabilities that hackers can exploit.

- Compliance monitoring

Compliance monitoring is the process of validating whether an organization adheres to data security policies and procedures.

Compliance monitoring typically involves MSSPs performing regular scans of their security devices and infrastructure.

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select all that apply which of the following primary factors are important both in managing products and managing services? multiple select question. a. managing patents b. managing suppliers c. managing variation capacity planning d. forecasting process management

Answers

The primary factors are important both in managing products and managing services are forecasting ,capacity planning, process management, managing variations and managing suppliers.

What is meant by managing products and services?Product service management (also known as product/service management) is the process of shaping a company's offerings in response to market fluctuations in demand. A product service manager (PSM) anticipates and guides product development to meet customer needs.Product management is an organizational function that guides every stage of a product's lifecycle, from development to positioning and pricing, by focusing first and foremost on the product and its customers.There are numerous parallels between managing product production and managing services. In fact, the majority of the topics covered in this book are relevant to both. Important service considerations are highlighted in separate sections when they exist.

Here are some of the most important factors for both:

Supply and demand forecasting and capacity planningProcess administrationManaging VariablesCost and productivity are monitored and controlled.Supply chain administrationPlanning for locations, inventory management, quality control, and schedulingForecasting and capacity planning to ensure supply matches demand

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Type your answer in the boxCompany; dept. A; dept B.predetermined oh rate per direct labor hour = $2.10; $2.40; $1.80 direct labor hours worked on job abc 30; 17; 13 based on this information, the overhead applied to job abc using multiple predetermined overhead rates is $ ___.(Round your answer to two decimal places.)

Answers

The overhead implemented to job ABC using various overhead rate rates is $127.20 = $87.70

What is a job in business?

Graduates can pursue professions in business in a variety of sectors, such as management, marketing, and accounting, with the right training and experience. The majority of business experts are entrusted with examining and enhancing the performance of organizations. For business professionals, the job market is fairly promising.

To calculate this, first find the total overhead for each department:

Dept. A: $2.10 x 30 hours = $63.00

Dept. B: $2.40 x 17 hours = $40.80

Dept. C: $1.80 x 13 hours = $23.40

Then, add the overhead from each department to find the total overhead applied to job ABC:

$63.00 + $40.80 + $23.40 = $127.20

Rounding to two decimal places, the overhead applied to job ABC using multiple predetermined overhead rates is $127.20 = $87.70.

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Classify each of the business activities listed as either an operating activity, an investing activity, or a financing activity.

Answers

Operating operations could include net income-related activities that involve cash. Investing includes financial activity.

Financing activities are defined as cash transactions involving noncurrent liabilities and owners' equity. An accounting document known as a cash flow statement shows how adjustments to the accounts on an organization's balance sheet and income statement affect its cash and cash equivalents.

Items like interest and dividend payments would fall under operating activities as they both affect net income. The money that is received and spent, respectively, represents inflows and outflows. Expenditures done as part of routine tasks are included in cash flow from operations. Among these financial outflows are costs associated with running a business, the cost of items sold, rent, and utility bills.

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The correct question as follows

Classify each item as an operating, investing, or financing activity. Assume all items involve cash unless there is information to the contrary and the indirect method is used.

(a) Purchase of equipment.

Operating Activity Financing Activity Investing Activity

(b) Proceeds from sale of building.

Financing Activity Operating Activity Investing Activity

(c) Redemption of bonds.

Financing Activity Operating Activity Investing Activity

(d) Depreciation.

Investing ActivityOperating ActivityFinancing Activity

(e) Payment of dividends.

Financing Activity Operating Activity Investing Activity

(f) Issuance of common stock.

Financing Activity Operating Activity Investing Activity

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consider the chewing gum market shown in the graph at the right.an increase in the demand for chewing gum will blank the equilibrium price and blank the equilibrium quantity

Answers

An increase in the supply of chewing gum will decrease the equilibrium price and​ increase the equilibrium quantity.

What is equilibrium?

Equilibrium is the scientific word describing the harmony of force and action. The level of supply and demand must be equal in order for there to be an economic equilibrium. The cost remains steady. Three categories of equilibrium are frequently used: stable, unstable, and neutral.

According to the case,

Increase in the supply of chewing gum was the decrease in the price.

Increase the equilibrium quantity.

The rule is increased the supply the price is low. Decrease in supply the price is high.

As a result, the significance of the equilibrium are the aforementioned.

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jorge recently interviewed with a business machine company for a sales position marketing copiers and printers to businesses. he was surprised to find that the company's emphasis was purely on sales and using aggressive sales tactics to convince buyers to purchase its line of photocopiers and printers. which of the following is true about this company related to its marketing management philosophy? a. The company values its customers and seeks to create customer value by offering high quality products at a fair price.
b. The company uses a targeted marketing strategy to ensure its products are best suited to the needs of the market.
c. The company is focused on its customers' needs rather than its own goods, services, or making a profit.
d. The company has an inward-looking focus on selling what the organization makes.

Answers

The statement that true with regard to its marketing management philosophy is the company has an inward-looking focus on selling what the organization makes. Thus, option C is correct.

What is marketing management philosophy?

Marketing management concepts are those beliefs that firms adapt to guide their marketing operations.

In the provided case, the corporation questioned by Jorge is focusing inwardly on selling, which is what the organization does to enhance its sales.

The emphasis of the business machine firm was solely on sales, with aggressive sales practices used to persuade buyers to purchase their line of photocopiers and printers.

So, in terms of this business's marketing management strategy, the statement "The corporation has an inward-looking concentration on selling what the organization creates." is correct. Hence, option C is correct.

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Using the production possibilities graphs, what would be acceptable terms of trade for coffee between Oscar and Julia?

Answers

The production possibility curve displays every possible combination of two commodities that can be produced in an economy given the available resources and technology, both of which must be used to their fullest extent.

What is the concept of production possibility function?

The term "production possibility frontier" (PPF) refers to a graph that displays the highest possible output that two goods can achieve when the input is kept fixed or constant. Natural resources, capital goods, labor, and entrepreneurship are the components of the input.

The graph known as the Production Possibilities Frontier (PPF) displays all the possible output combinations of two different goods that can be produced using the current state of science and technology. The concepts of choice, tradeoffs, and scarcity are all covered by the PPF.

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2. Suppose that business travelers and vacationers have the following demand for airline tickets from New York to Boston:
Price: Qty Dem (Biz) Qty Dem (Vac)
150 2100 1000
200 2000 800
250 1900 600
300 1800 400

Answers

The demand for business travelers is 1,800 tickets and the demand for vacationers is 400 tickets.

According to the data provided, the demand for airline tickets from New York to Boston can be summarized:

At a price of $150, the demand for business travelers is 2,100 tickets and the demand for vacationers is 1,000 tickets.

At a price of $200, the demand for business travelers is 2,000 tickets and the demand for vacationers is 800 tickets.At a price of $250, the demand for business travelers is 1,900 tickets and the demand for vacationers is 600 tickets.

At a price of $300, the demand for business travelers is 1,800 tickets and the demand for vacationers is 400 tickets.

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a real estate office handles an apartment complex with 70 units. when the rent is $476 per month, all 70 units are occupied. when the rent is $504, however, the average number of occupied units drops to 68. assume that the relationship between the monthly rent p and the demand x is linear. (the term demand refers to the number of occupied units.) (a) write a linear equation expressing x in terms of p.

Answers

The linear equation expressing the number of occupied units (x) in terms of the monthly rent (p) can be written as: x = 70 - 0.25p suggests that the number of occupied units decreases by 0.25 for every increase in the monthly rent by $1.

This indicates that an increase in rent results in a decrease in demand.

It is also important to note that while the equation only considers the direct relationship between rent and demand, other factors such as the local economy, amenities, and the quality of the units can also affect demand. For example, if a complex offers better amenities, such as a gym or pool, demand for units may increase even with a higher rent. Similarly, if the quality of the units is improved, such as with renovations or upgrades, demand may also increase.

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Which of the following characteristics tends to be higher in production of goods.
Multiple select question.
O Opportunity to correct problems
O Labor content
O Inventory
O Uniformity of inputs
O Customer contact

Answers

Opportunity to correct problems,Uniformity of inputs, Inventory are the  characteristics tends to be higher in production of goods.

Input variability exists in service operations notwithstanding input uniformity. Each circumstance is different and calls for evaluation and adaptability. On the other hand, industrial processes frequently have a better capacity to regulate input variability, which results in more work needs. A business's inventory is made up of all the things it has on hand that it plans to sell for a profit in the market. The only thing that will be considered as inventory is the newspaper if the seller delivers newspapers to clients using a vehicle. A company's ready-to-sell goods and products, as well as the raw materials needed to make them, are referred to as inventory. There are three main inventory classifications: raw materials, work-in-progress, and finished items.

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Short Answer: In one sentence, list the two primary fiscal policy strategies used to combat slow growth and high unemployment.

Answers

Expansionary fiscal policy (increasing government spending and/or lowering taxes) and contractionary fiscal policy (cutting government spending and/or raising taxes) are the two basic fiscal policy techniques used to tackle weak growth and high unemployment.

Fiscal policy that directly raises aggregate demand by increasing government expenditure is sometimes referred to as expansionary or "loose." Fiscal policy, on the other hand, is generally regarded as contractionary or "tight" if it decreases demand through decreased expenditure.

Tax cuts and increased government expenditure are two primary elements of expansionary fiscal policy. Both of these programs aim to boost aggregate demand while adding to deficits or reducing budget surpluses.

Expansionary policy aims to stimulate company investment and consumer spending by infusing money into the economy, either directly through government deficit spending or through increased lending to firms and consumers.

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What is a key role of the federal reserve in the US economy?

Answers

Answer:

A key role of the Federal Reserve in the US economy is to help maintain financial and economic stability.

Explanation:

The Federal Reserve monitors the US economy and sets monetary policy to ensure that it is functioning efficiently, promoting economic growth and low unemployment. The Federal Reserve also serves as the lender of last resort and regulates the banking system to protect consumers and ensure a safe and sound financial system. Additionally, the Federal Reserve has the authority to issue currency, manage the nation's money supply, and set interest rates.

Opaque is a type of travel booking model

Answers

Opaque travel booking is a type of travel booking model that allows customers to purchase airline tickets, hotel rooms, and other travel services at a discounted rate without knowing the exact details of the flight or hotel until after the purchase is complete. This type of booking model is often used by travel websites and agencies to offer customers the best deals on travel services.

dicuss the three key element to the process of financial management

Answers

The three key elements of the process of financial management:

PlanningOrganisingControlling

What is financial management?

In order for the "organization to have the resources to carry out its aim as satisfactorily as feasible," which is sometimes described as maximizing the value of the company for investors, financial management is the business function that deals with profitability, costs, cash, and credit.

The technique of managing a business's finances in a way that enables it to be profitable and comply with rules is known as financial management. That requires both a comprehensive strategy and hands-on implementation. Every successful financial operation is supported by four pillars: accounting, reporting, planning & analysis, and guidance.

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Scenario 3-2 In country A a worker who works 40 hours can produce 200 pounds of rice or 100 pounds of broccoli. In country B a worker who works 40 hours can produce 160 pounds of rice or 120 pounds of broccoli. It takes Heather 1 hour to change the oil in the car and 20 minutes to do the dishes. It takes Zach 1.5 hours to change the oil in the car. For Zach to have a comparative advantage changing the oil it must take him more than ____ minutes to do the dishes.

Answers

In country A a worker who works 40 hours can produce 200 pounds of rice or 100 pounds of broccoli. The answer to all the questions depends on opportunity cost and comparative advantage.

1) Rice production opportunity cost:

Opportunity cost of producing rice = 100 pounds of broccoli / 200 pounds of rice = 1/2 pound of broccoli for country A

Opportunity cost of producing rice = 120 pounds of broccoli / 160 pounds of rice = 3/4 pounds of broccoli for country B

Broccoli production opportunity cost:

Opportunity cost of producing broccoli in country A = 200 pounds of rice / 100 pounds of broccoli = 2 pounds of rice

Opportunity cost of producing broccoli in nation B = 160 pounds of rice / 120 pounds of broccoli = 4/3 pounds of rice

2) A country with a comparative advantage has a lower opportunity cost.

Country A has a comparable in rice production (1/2 pound of broccoli 3/4 pound of broccoli).

Country B produces broccoli at a comparable rate (4/3 pounds of rice 2 pounds of rice).

3) The price should be between two different opportunity costs for better off trading.

As a result, the price per pound of broccoli in pounds of rice should range between 4/3 and 2 pounds of rice.

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Correct question:

Scenario 3-2 In country A a worker who works 40 hours can produce 200 pounds of rice or 100 pounds of broccoli. In country B a worker who works 40 hours can produce 160 pounds of rice or 120 pounds of broccoli.

Refer to Scenario 3-2. What is the opportunity cost of producing rice? Refer to Scenario 3-2. What is the opportunity cost of producing broccoli? Refer to Scenario 3-2. Which country, if either, has a comparative advantage producing rice? Refer to Scenario 3-2. Which country, if either, has a comparative advantage producing broccoli? Refer to Scenario 3-2. Give a range of prices in terms of pounds of rice per pound of broccoli at which the two countries would be both be willing to trade.

The AMA's definition of marketing reflects the view toward the marketing activities as focused on ____.

Answers

Marketing is "the activity, set of establishments, as well as mechanisms for creating, having conversations, delivering, as well as exchanging products that are beneficial for customers," according to the (AMA).

What is the mission of the American Marketing Association?

To assist marketers in acquiring the skills necessary to stay on top of new trends and advance their long-term professional development, AMA offers specialty symposiums, one-day hot button topic trainings, trainings, and workshops.

The value of AMA certification

What value do marketing certifications have? Yes, having a marketing certification demonstrates your expertise in your chosen industry. In addition to assisting you in honing your marketing abilities for the real world, a marketing credential can assist you in getting that next job or significant promotion you have been hoping for.

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a when statement considers one or more conditions and returns a value as soon as that condition is met. 1 point true false

Answers

True. A when statement evaluates one or more conditions and returns a value when the condition is met. It is similar to an if statement, but it is used when there are multiple conditions to be evaluated.

What is return?

Return, in the context of finance, is the profit or loss resulting from an investment or business activity. It is the difference between the income generated by the investment or activity (including any principal amount received) and the amount invested or spent to generate that income. Return may be expressed as a percentage of the amount invested, or it may be expressed in terms of the amount of money received or paid out relative to the amount invested. Return can also refer to the amount of money received from a sale or venture.

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Lowering the shopping cart abandonment rate is a reliable way to improve conversion rates. Which of the following action is most likely to decrease shopping cart abandonment?

Answers

Where lowering the shopping cart abandonment rate is a reliable way to improve conversion rates., Note that the actions that is most likely to decrease shopping cart abandonment is: "Streamline the payment process." (Option B). The above is an e-commerce problem.

How can the payment process be streamlined?

It is important to note that Automated Payments are one of the most effective methods to streamline your small business's payment operations.

You may set up automated and regular payments with online accounting software. This means you may arrange invoices and costs to be sent at certain times. This is something that mobile invoicing can help you with.

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Full Question:

Lowering the shopping cart abandonment rate is a reliable way to improve conversion rates. Which of the following actions is most likely to decrease shopping cart abandonment?

-Add more steps to the payment process.

-Streamline the payment process.

-All of the above.

-None of the above.

he body of rules and procedures that guide the measurement and communication of financial accounting information is known as ____
multiple choice :
A. standards of professional compliance (spc). B. code of ethical decisions (coed).
C. rules of financial reporting (rfp). D. generally accepted accounting principles (gaap).

Answers

The body of rules and procedures that guide the measurement and communication of financial accounting information is known as generally accepted accounting principles (GAAP)

Hence, option (d) is correct choice.

The Financial Accounting Regulations Board publishes a collection of accounting rules, standards, and processes known as generally accepted accounting principles (GAAP) (FASB).

Accounting is the measurement, processing, and exchange of financial and non-financial information regarding economic entities such as enterprises and corporations.

GAAP, or generally accepted accounting principles, are guidelines that cover the particulars, intricacies, and legalities of commercial and corporate accounting. The Financial Accounting Standards Board (FASB) bases its complete collection of recognized accounting procedures and practices on GAAP.

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if a sociologist points out that corporate interests dominate the global economy, in part by creating global trade agreements and eliminating international tariffs that will inevitably favor the ability of capital to invest in low wage regions, he or she is a .

Answers

She is a Marxist sociologist that will inevitably favor the ability of capital to invest in low wage regions

Marxist sociology is a critical approach to understanding the global economy, which recognizes the power of capital and the inequality of class struggle.

Marxist sociologists argue that corporate interests dominate the global economy by creating global trade agreements and eliminating international tariffs that will inevitably favor the ability of capital to invest in low-wage regions.

This serves to increase the power of capital and expand the wealth gap between the wealthy and the working class. Marxist sociologists also argue that the unequal distribution of wealth and resources between nations is a result of unequal economic power and that this is perpetuated by global trade agreements and tariffs.

Ultimately, Marxist sociologists strive to reveal the power of capital and the inequalities of the global economy in order to create a more equitable and just world.

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when civil servants share relevant information and decision rationale with stakeholders, they engage in multiple choice question. community.

Answers

The answer is Accountability, when civil servants share relevant information and decision rationale with stakeholders, they engage in accountability.

What is a good accountability example?

When you are committed to completing your chores and goals, you are being accountable in a big way. You're successful in accomplishing your goals successfully if you're able to minimize distractions and pressures. Additionally, you're setting a positive example for your team when they observe this. You help your staff develop a strong work ethic.

What are the key principles of responsibility?

"the responsibility to defend, justify, and account for one's actions. Being held responsible for something or required to answer to someone, such as a superior such as a boss, is the state of accountability ".

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suppose that the mean retail price per gallon of regular grade gasoline in the united states is $3.49 with a standard deviation of $0.20 and that the retail price per gallon has a bell-shaped distribution.

Answers

Sixty-four percent of standard grade gasoline is sold at between $3.35 and $3.55 per gallon.

In the range of $3.35 and $3.65 a gallon, 81.5% of regular grade gasoline is sold.

In 84% of cases, standard quality gasoline is offered for less than $3.55 per gallon.

How to find the calculation?

Average retail cost is $3.45.

0.10 is the standard deviation.

According to the empirical rule, 99.7% of the data is shown to follow a normal distribution that is within 3 standard deviations.

70% of the data are within one standard deviation.

Under two standard deviations, 95% is found.

Under 3 standard deviations, 99.7% is found.

3 standard deviations are located to the left and right of the mean. The chart is provided below.

3.45 is the mean. 0.1 is the standard deviation

3.45+0.1=3.55

3.45-0.1=3.35

Consequently, the first standard deviation is between 3.35 and 3.55.

68% of the range is between $3.35 and $3.55.

3.45 +0.1+0.1=3.65

3.35 is within one standard deviation of the mean and two deviations from it on the right.

So , 34+34+13.5=81.5%

81.5% of the range is between $3.35 and $3.65.

There are 3 standard deviations to the left of the mean and 1 standard deviation to the right for gasoline that sells for less than $3.55.

0.15+2.35+13.5+34+34=84%.

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match each part of the swot analysis with the specific business action that you might take when you discover it. strength strength drop zone empty. weakness weakness drop zone empty. opportunity opportunity drop zone empty. threat threat drop zone empty. focus on less risky international markets during worldwide financial instability.

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Matching each part of the swot analysis with the specific business action that one might take when they discover it. Strength-> Build on it. Weakness-> Correct it. Opportunity-> Exploit it. Threat-> Avoid it.

Using a SWOT analysis, a person or organization can determine their strengths, weaknesses, opportunities, and threats in relation to project planning or competitive business environments. Situational analysis or situational evaluation are other names for it.

An organization's strengths, weaknesses, opportunities, and threats can be identified and analyzed using the SWOT analysis framework. The SWOT acronym is made up of these words. SWOT analysis's main objective is to raise awareness of the factors that influence business decisions and the formulation of business strategies.

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It is proper to recognize revenue prior to the sale of merchandise when
I. The revenue will be reported as an installment sale.
II. The revenue will be reported under the cost-recovery method.
O I only.
O II only.
O Both I and II.
O Neither I nor II.

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Option d. Neither I nor II. It is proper to recognize revenue prior to the sale of merchandise when the ultimate sale of the goods is at an assured sale price.

Revenue recognition is an accounting principle that describes the specific conditions under which revenue is recognized. In theory, there are many potential points at which revenue can be realized.

According to IFRS standards, the following conditions must be met for revenue recognition:

-The risks and rewards of ownership pass from the seller to the buyer.

-The seller loses control of the goods sold.

-Collection of payment for goods or services is reasonably assured. Income can be properly measured.

-The cost of revenue can be properly measured.

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Red Builders agrees to construct a new building for Blue Co. for a total contract price of $6,000,000. The estimated construction costs at inception was $4,000,000. The construction project was completed after two years. Below are the actual costs for years 1 and 2: Cumulative Year 1 Year 2 1,200,000 2,500,000 3,600,000 2,100,000 1,050,000 2,300,000 1,000,000 1,900,000 Description Cost incurred to date Estimated costs to complete Billings Cash Collections Red has determined that this contract qualifies for revenue recognition while the performance obligation is being met. As a result, Red Builders should have recognized profit at the end of year 1 in the amount of:

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Red Builders ought to have recorded a $300,000 profit at the end of the first year.

Total expected costs = cost incurred to date + estimated cost to complete

= 1,200,000 + 3,600,000

= 4,800,000

Percentage of completion = (cost incurred to date/total expected cost) × 100

= (1,200,000/4,800,000) × 100

= 0.25

= 25%

Profit = contract revenue - Total expected costs

= $6,000,000 - 4,800,000

= $1,200,000

Cumulative gross profit = Profit × Percentage of completion

= $1,200,000 × 0.25

= $300,000

Therefore, Red Builders ought to have recorded a $300,000 profit at the end of the first year.

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--The given question is incomplete; the complete question is

"Red Builders agrees to construct a new building for Blue Co. for a total contract price of $6,000,000. The estimated construction costs at inception were $4,000,000. The construction project was completed after two years. Below are the actual costs for years 1 and 2: Description Cumulative

Year 1 Year 2

The cost incurred to date is 1,200,000 2,500,000

Estimated additional costs to complete 3,600,000 2,100,000

Billings 1,050,000 2,300,000

Cash Collections 1,000,000 1,900,000

Red has determined that this contract qualifies for revenue recognition over time (as opposed to upon completion). As a result, Red Builders should have recognized profit at the end of year 1 in the amount of:

a. $300,000

b. $600,000

c. $1,050,000

d. $1,000,000"--

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