GDP per capita is calculated by dividing the total gross value contributed by all producers who are residents of the economy by the mid-year population, plus any product taxes (less subsidies) that are not taken into account when valuing output.
How is the growth in GDP per capita calculated?
Real Gross Domestic Product (GDP) per capita annual growth rate is measured as the percentage difference in real GDP per capita over two consecutive years. By dividing GDP at constant prices by the population of a nation or region, one can get real GDP per capita.
What occurs when the GDP per person rises?
The size of the economy as a whole increases with faster GDP growth, which also improves fiscal conditions. The material standard of living for the average American rises as a result of broadly shared growth in per capita GDP.
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What is the amount of interest revenue that must be accrued on december 31st for a nine-month, 6%, $2,000 note receivable that was accepted on november 1st?.
The amount of interest revenue that must accrue on December 31st on notes receivable is $20
rate of interest = 6%
Amount of note receivable = $2,000
Months taken for calculation (November& December) = 2
Interest revenue = 2000*2/12*6/100 = $20
Notes receivable documents the worth of promissory notes due and owing to a business and due to be compensated. A written promissory note automatically entitles the keeper, or bearer, to the amount stated in the legally binding agreement. Promissory notes are authored commitments to compensate another party cash before or on a date in the future.
If the note receivable seems to be due within a calendar year, it is included on the balance sheet as a liquid asset. If it is not due until more than a calendar year from now, it is categorized as a non-current item on the balance sheet.
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redirecting a client’s attention to service projects so they are less focused on their own problems is an example of the technique frankl developed.
The practice of redirecting a client’s attention to service projects so they are less focused on their own problems is an example of the Dereflection technique Frankl developed.
What is a Dereflection?In psychology, a dereflection refers to the logotherapeutic technique of directing the person’s attention away from the problem and towards something important to the person. Most often, it raises the question that includes if we turn the person’s attention away from the problem are we not minimizing the person’s suffering? and Where does empathy come into it?.
Therefore, the Dereflection technique is developed by Frankl and it is practice of redirecting a client’s attention to service projects so they are less focused on their own problems.
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WHAT DOES IT MEAN TO UNDERWRITE A SHARE ISSUE? ❓
Explanation:
WHAT DOES IT MEAN TO UNDERWRITE A SHARE ISSUE? ❓
do u use zoo
the mandella family decided early in 2020 to incorporate their family owned vineyards under the name mandella corporation. the corporation was authorized to issue 500,000 shares of a single class of $10 par value capital stock. presented as follows is the information necessary to prepare the stockholders’ equity section of the company’s balance sheet at the end of 2020 and at the end of 2021.
A company's capital stock is not an asset. It is part of the equity section of the balance sheet. When one company owns stock in another, the stock is recorded as an asset.
What exactly is Capital Stock?The common and preferred shares that a company is authorized to issue under its corporate charter are referred to as capital stock. A corporate charter is a legal document that specifies the maximum number of shares that a company may issue.
It is calculated by multiplying the number of issued shares by the share's par value.
Investors buy capital stock because they believe the company's market share and revenue will increase, resulting in dividend payments to the investors.
A dividend is a payment made to shareholders at the end of a fiscal year.
If a company has preferred stock, it is listed first in the stockholders' equity section due to its preference in dividends and liquidation. Based on financial reporting amounts, book value is the value of one share of common stock.
Hence, capital stock is not a company's asset.
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I need help with my business assignment
It's about me owning a business, my business is on pharmacy.
I need to talk about how my business can affect on start-up businesses, Local factors impact my business
Conclusion to add more details
I need at least 1 paragraph each.
Thanks!
Explanation:
Well if your business is growing It will definitely cause lose to startup businesses as workers need a high paid job. If you can pay your employees more it will cause damage to the successful companies because they need workers. Then if you have a good reputation in your area it will definitely be helpful. More people will recommend your pharmacy and if your pharmacy is on a accessable place, close to populated areas or colonies. People will find easy to come to your pharmacy, who live near it as prices of petroleum are increasing.
Hope this helps I tried my best, I don't own a business but this is my idea
What is one major advantage of creating a division of labor in a business?
A. Employees have fewer opportunity costs for switching careers.
B. Employees have fewer reasons to conduct voluntary exchange.
C. Employees are encouraged to become more self-sufficient.
D. Employees do not need to spend time learning multiple jobs.
It’s D, Employees do not need to spend time learning multiple jobs (Apex)
One significant benefit of establishing a division of labor in a business is that employees do not need to invest time in learning multiple tasks.
The division of a work process into several tasks, each of which is carried out by a different person or group of people. Division of labor is one of the fundamental organizing principles of the assembly line and is most frequently used in systems of mass production. employees do not need to invest time in learning multiple tasks. The division of labor was first noted in modern literature by Sir William Petty, who demonstrated its existence and utility in Dutch shipyards. In the past, employees in a shipyard would construct ships in sections, finishing one before beginning another.
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wollongong company decided to begin using dollar-value lifo at the beginning of 20x5. the inventory value at january 1, 20x5, was $250,000. the current cost of the inventory at december 31, 20x5, was $306,000. at the end of 20x6, the current cost of the inventory was $288,750. the relevant index at the end of 20x5 was 1.02 and at the end of 20x6 was 1.05. the amounts wollongong should report for inventory at the end of 20x5 and 20x6 are:
$301,000 (20X5) and $275,500 (20X6) is the correct answer.
Cost at base-year pricing after 20X5 ending inventory adjustment is $300,000 ($306,000 1.02). Two layers are included in the $300,000 pricing at base-year prices: the 20X5 layer's initial layer costs $250,000, and its ending layer costs $50,000. $50,000 x 1.02 = $51,000 is the end of 20X5 layer adjusted to current-year prices. At the end of 20X5, inventory is stated to be worth $250,000 plus $51,000, or $301,000.
Cost at base-year pricing after 20X6 ending inventory adjustment is $275,000 ($288,750 x 1.05). Two layers are included in the $275,000 price at base-year prices: the first 20X5 layer costs $250,000, while the last 20X5 layer costs $25,000.
The layer generated in 20X5 is decreased to $25,000 ($50,000 - $25,000) because the cost at base-year pricing at the end of 20X6 is lower than the cost at base-year prices at the end of 20X5 ($275,000 vs. $300,000). End of 20X5 layer conversion to current-year prices: $25,000 x 1.02 = $25,500. At the end of 20X6, inventory is stated to be worth $250,000 + $25,500 - $275,500.
Thus, the correct answer is $301,000 (20X5) and $276,250 (20X6).
complete answer:
Wollongong Company decided to begin using dollar-value LIFO at the beginning of 20X5. The inventory value at January 1, 20X5 was $250,000. The current cost of the inventory at the December 31, 20X5, was $306,000. At the end of 20X6 the current cost of the inventory was $288,750. The relevant index at the end of 20X5 was 1.02 and at the end of 20X6 was 1.05. The amounts Wollongong should report for inventory at the end of 20X5 and 20X6 are:
$306,000 (20X5) and $276,250 (20X6).
$300,000 (20X5) and $275,500 (20X6).
$301,000 (20X5) and $276,250 (20X6).
$301,000 (20X5) and $275,500 (20X6).
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suppose that real money demand is $1trillion (2020 dollars), and that the nominal money supply in 2030 is $5 trillion. according to the quantity theory of money, what will be the 2030 price level (2020
When a unit of money's buying power declines, more units of currency are needed to purchase the same amount of goods or services.
What Exactly Is the Money Quantity Theory?
The quantity theory of money (QTM) also holds that an economy's level of economic activity is significantly influenced by the amount of money present in that economy. Therefore, a change in the money supply affects either the supply of goods and services or the price levels, or both. The hypothesis also presupposes that shifts in the money supply are the main driver of changes in spending.
These suppositions have the connotation that the amount of money present in an economy determines the value of money. Because a rise in the money supply also leads in an increase in the rate of inflation, this creates a fall in the value of money. Purchasing power declines as inflation increases. The worth of a currency represented in terms of the quantity of products or services that one unit of currency can purchase is known as purchasing power.
(M)(V)=(P)(T)
where M is the Money Supply
V is the velocity of circulation, or the frequency with which money is transferred.
Average Price Level is P.
T stands for the volume of products and services exchanged.
=500
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demonstrate an understanding of ethics and social etiquette and sensitivity to audience needs including cross-cultural situations that are applicable in a business environment.
Social responsibility and moral conduct both reflect on individual employees and the company they work for.
Select a line of ethical reasoning that you want to illustrate. Following the law, upholding social norms, or acting in accordance with your conscience are examples of ethical behavior. A variety of values may be mixed together in ethical philosophy.Be fair. Hold everyone, including yourself, to the same ethical standards once you've settled on your ethical principles.Observe decency. Avoid prejudice, oppose harassment, and demonstrate care for the welfare of others.Be sincere. Share your thoughts, opinions, and ethical position through open communication.Be able to regulate yourself. Inhibit both your physical and emotional inclinations. Don't indulge excessively. Replace your rage with concern.Be courageous and behave honorably. When everything is going well, it is simple to make the appropriate decision.Learn more about Ethical reasoning, here
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A good way for a company to determine what it does well and what it needs to improve is to conduct a.
A good way for a company to determine what it does well and what it needs to improve is to conduct a SWOT analysis.
What SWOT analysis means?A framework known as a SWOT analysis is used to identify and evaluate an organization's strengths, weaknesses, opportunities, and threats. The acronym SWOT is composed of these words. SWOT analysis's main objective is to raise awareness of the elements that influence business decisions and the formulation of business strategies.
Why is a SWOT analysis important?You can determine which parts of your company are doing well by conducting a SWOT analysis. These are your key success factors, and they give your company a competitive edge. By recognizing these assets, you can make sure to guard against losing your competitive edge.
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an investor makes three deposits into a fund, at the end of 1, 3, and 5 years. the amount of the deposit at time t is 100(1.025)t. find the size of the fund at the end of 7 years, if the nominal rate of discount convertible quarterly is 4/41.
The size of the fund at the end of 7 years is $483.110
What is Nominal discount rate?A nominal discount rate of denotes a per-time period effective discount rate of. If the effective discount rate is per time period, then the discount factor is per time period. If the nominal discount rate is, then the discount factor is per time period. The real discount rate is used to calculate the difference between one-time and annualized costs. he annual real discount rate (also known as the real interest rate or interest rate) is calculated by HOMER using the "Nominal discount rate" and "Expected inflation rate" inputs.Therefore,
Number of quarters = 4
We are given that the nominal rate of discount convertible quarterly is 4/41
Discount rate in each quarter = 4/41(4) = 1/41
Let A is the value after discount and X is the original value:
A = X - X (1/41)
A = X (1- (1/41))
A = (40/41) X
X = (41/40) A
Now To calculate the value after 7 years we need to multiply each value by the interest raised to the correct power.
A = 100 × [tex]1.025^{1}[/tex] × [tex]\frac{41}{40} ^{(7-1)\times4}[/tex] + 100 × [tex]1.025^{3}[/tex] × [tex]\frac{41}{40} ^{(7-3)\times4}[/tex]
+ 100 × [tex]1.025^{5}[/tex] × [tex]\frac{41}{40} ^{(7-5)\times4}[/tex]
A=483.110
Hence the size of the fund at the end of 7 years is $483.110
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what did cbi insights find out when analyzing startup postmortems? a. co-founders cannot agree how to move forward quick enough. b. the companies failed 42 percent of the time because they did not solve a big enough problem. c. a little bump in the beginning will cause the startup to fail 34 percent of the time. d. most startups fail because a few bad reviews on social media.
CBI Insights study of startup postmortems found b. the companies failed 42 percent of the time because they did not solve a big enough problem.
What is the purpose that can be attributed to the CBI ?
The purpose that can be attributed to the CBI is that they are been set up so that they facilitate the development of stable Caribbean Basin economies.
It should be noted that this is been done through the provision of the with duty-free access to the beneficiary countries so that they can have something to do out of it.
Therefore option B is correct.
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Two mechanics worked on a car. the first mechanic charged $ 95 per hour, and the second mechanic charged $ 75 per hour. the mechanics worked for a combined total of 20 hours, and together they charged a total of $ 1800 . how long did each mechanic work?
While mechanic B only put in five hours, mechanic A put in fifteen.
Mechanic A's hourly rate is $95
$75 is the hourly rate for mechanic B.
20 hours were worked in all.
$1800 is the total amount charged.
Let, x are the hours worked by mechanic A.
These are the hours worked by mechanic B.
based on the provided statement;
x+y=20 Eqn 1
95x+75y=1800 Eqn 2
Eqn 1 multiplied by 95
95(x+y)=2
95x+95y=1900 Eqn3
Subtracting Eqn 2 from Eqn 3
(95x+95y)-(95x+95y)=1900-1800
95x+95y-95x-75y=100
20y=100
Dividing both sides by 20
[tex]\frac{20y}{20}=\frac{100}{20}[/tex]
y=5
Putting y=5 in Eqn 1
x+5=20
x+20-5
x=15
Mechanic A worked for 15 hours and mechanic B worked for 5 hours.
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two firms, gene's gloves and wally's wallets, have factories near a lake. both firms use a chemical for tanning leather. some of this chemical runs into the lake. each year gene's gloves dumps 15,000 gallons of the chemical and wally's wallets dumps 25,000 gallons of the chemical into the lake. a new study has found that fish and other wildlife are negatively impacted by this chemical. the government has decided to cap the total combined amount of the chemical that the factories can dump into the river at 10,000 gallons/year. for an additional $1/gallon, wally's wallets is able to substitute each gallon of harmful chemical for one gallon of a harmless alternative. gene's gloves needs to use the harmful but more effective chemical to produce gloves. it costs $3/gallon to dispose of the harmful chemical safely. assume that gene's gloves and wally's wallets maintain the same level of production under the new environmental restrictions.
Dumping expenses are those that a business pays to dispose of manufacturing wastes in waterways. For the purpose of pouring chemicals into the lake, Gene's Gloves will invest $15,000 and Wally's Wallets will spend $45,000.
We may determine the expense of dumping chemicals for both businesses by applying the numbers provided in the material. Cost of further dumping for Gene's Gloves exceeding 5000 gallons at a rate of $1 per gallon. The cost of the extra 10,000 gallons is $10000.
Additional dumping for Wally's Wallets will cost $60,000 for 20000 gallons at a rate of $3. The government has provided the opportunity to sell the dumping rights, so if Gene's Gloves sells its 5000 gallon rights to Wally's, the cost of dumping for Wally's Wallets will be reduced by $15,000, for a total savings of $45,000. Additionally, the price of dumping for it will rise if the costs are sold to Wally's Wallets.
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yummy yogurt has developed a new flavor of yogurt that its research has determined is becoming very popular. the sales of the flavor are slow, but the company believes the market is growing rapidly. this product represents a
Yummy yogurt has developed a new flavor of yogurt that its research has determined is becoming very popular. the sales of the flavor are slow, but the company believes the market is growing rapidly. This product represents a trend forecasting product.
What is trend forecasting?Trend forecasting is the practice of conducting research and developing predictions about consumers' upcoming purchasing patterns. Forecasters are able to give designers and companies a "view" of the future by locating the origin, following the evolution, and seeing patterns in trends. Future consumer behavior is examined by forecasters to see how social, cultural, ethical, and environmental trends will likely impact it. They can determine what goods and services people will be wanting to purchase through this approach.
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Corrie bought a new flat screen 70 inch television and a speaker system from a local electronics store on credit. The store will charge 12% per year compounded monthly. Their monthly payments are $174. 80 for 3 years. What is the cash price of her purchase?.
The cash price is the present value of an annuity and therefore it is equal to $5262.79.
The formula of the present value of an annuity is:
PV = C . [1 - (1+i)⁻ⁿ] / i
Where:
C = cash flow per period
i = interest rate per period
n = number of periods
Parameters from the problem:
C = $174. 80
Annual interest is 12%. Since it is compounded monthly, we need to find the monthly interest.
i = monthly interest = 0.12/12 = 0.01
Since the payment is 3 years, then the number of periods is:
n = 12 month x 3 years = 36
Plug these parameters into the present value formula:
PV = 174.8 × [1 - (1.01i)⁻³⁶] / 0.01
PV = 5262.79
Thus, the cash price is $5262.79
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amul food factory in india makes ice cream and produces processed and condensed milk. in the factory, the firm's employees use raw milk and sugar. the firm runs on electricity and purchases raw milk every day. large robotic assembly lines fill and package the ice cream containers. large industrial freezers store the ice cream. based on this scenario, can you identify the fixed costs for amul food factory?
The fixed cost is the cost of constructing the factory, as well as the purchase of robotic assembly lines and industrial freezers.
In layman's terms, a fixed cost is an expenditure that does not change due to an increase or decrease in the quantity of products or services produced or distributed. Fixed costs are bills that are typically incurred by a corporation regardless of market operation. For eg, the cost of constructing the factory.
Fixed expenditures can be direct or indirect expenditures that affect revenue at different points through out financial statements.
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tailoring media content to specific audiences that possess characteristics of interest to specific advertisers is a strategy known as synergy. narrowcasting or niche marketing. subgroup marketing. message concentration.
Narrowcasting, often known as niche marketing, is a method that involves tailoring media material to particular audiences with qualities that interest particular advertisers.
What does a marketing narrowcasting entail?
The targeted segmentation of media distribution is referred to as narrowcasting. It entails directing media messages at particular public segments identified by values, preferences, or demographic characteristics.
What does consumer behavior narrowcasting entail?
Narrowcasting, which is similar to niche marketing or target marketing, includes directing media messages at particular public segments identified by values, preferences, demographic characteristics, and/or subscription. The postmodern notion that there are no mass audiences is the foundation of narrowcasting.
You can narrowcast your message so that it is tailored to a particular audience. Because you are communicating with people who may already be familiar with your brand or be interested in your services, you don't need to be as cryptic in your advertising.
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____________ is a way to turn a company into a parent company with smaller retail outlets owned by independent operators.
A.
Manufacturing
B.
Incorporating
C.
Taxing
D.
Franchising
Answer:a
Explanation:
just took the test bro
Since 1950 in the united states, the labor force participation rate for males has _____ generally and the labor force participation rate for females has generally ____.
Since 1950 in the united states, the labor force participation rate for males has 86.4%generally and the labor force participation rate for females has generally 30%. All individuals who meet the criteria for inclusion among the employed or the unemployed make up the labor force, also known as the currently active population.
This covers full-time, contingent, and independent rate contractors. It covers those who receive hourly pay, salary, or contractual payments. Anyone above the age of 16 who is employed and is not retired is also included in the total labor force. All individuals aged 16 and older who are categorized as either employed or unemployed.
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Which of the following choices is not found in a decision-making grid?
opportunity cost
revenue
benefit not taken
benefit
Benefit not taken s not found in a decision-making grid. Students can use the Decision Making Grid (DMG) as a tool to aid in making informed decisions in a variety of situations.
The Benefit tool is meant to assist students in choosing what is financially best for them. Each requirement is used in relation to the goods and services (one criterion at a time). A decision-making is a tool for comparing and choosing the best option from a variety of options. This tool is especially helpful if you are choosing between numerous options and need to weigh a number of different considerations before making your final choice.
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to segment the rights to which certain common shareholders are entitled, companies often separate common equity into more than one class of shares called classified stock.
The statement is True.
The required details about classified stock is mentioned in below paragraph.
Classified shares are publicly traded corporate shares that have different share classes, typically designated by Class A and Class B shares. A thorough description of the many classes of common stock and their individual qualities is set out in a company's bylaws and charter, although most often classed shares differ by the number of votes granted by owning those shares, or the absence thereof. Dividend rights may also differ between classes of shares.
A complex capital structure is exemplified by classified shares. Companies with complicated capital structures may have a mix of multiple types of common stock classes, each with its own set of voting rights and dividend rates.
Companies develop different share classes for a variety of reasons, including dividend rights and liquidation preference.
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when aggregate demand declines, the price level may remain constant, at least for a time, becuase when aggregate demand declines, the price level may remain constant, at least for a time, becuase product markets are highly competitive. menu costs rise. price cuts tend to increase efficiency wages. firms individually fear that their price cut may set off a price war.
Here price level is inflexible downward in aggregate demand and a recession has occurred. A stiff object is challenging to bend. A stiff back may make it difficult to reach your toes while bending over.
what is aggregate demand ?
The total amount spent on domestic goods and services in an economy is known as aggregate demand. The relationship between the amount of total spending in the economy and the price level for products is depicted by the aggregate demand curve's downward slope.
A very busy schedule can be the root of your incapacity to adjust or accommodate your plans for others. Inflexible is defined as having no ability to bend by combining the Latin roots for the words flectere, which means "to bend," and in-, which means "not." Ballet is not for persons who are inflexible or who are naturally not flexible. The rigid, highly rigid, or extremely set in their ways are not good candidates for compromise.
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The question was incomplete. Check below the full question.
when aggregate demand declines, the price level may remain constant, at least for a time, because
a. firm individually may fear that their price cut may set off a price war.
b. menu cost rise.
c. price cut trend to increase efficiency wages.
d. product markets are highly competitive.
del gato clinic's cash account shows an $13,942 debit balance and its bank statement shows $12,654 on deposit at the close of business on june 30. outstanding checks as of june 30 total $1,610. the june 30 bank statement lists a $100 bank service charge. check no. 919, listed with the canceled checks, was correctly drawn for $389 in payment of a utility bill on june 15. del gato clinic mistakenly recorded it with a debit to utilities expense and a credit to cash in the amount of $398. the june 30 cash receipts of $2,807 were placed in the bank’s night depository after banking hours and were not recorded on the june 30 bank statement.
All cash transactions are recorded by the business in its general journal under the cash account. As a result, the cash account ought to be a true reflection of the company's financial position.
The similar purpose is served by the bank statement. However, the cash balance shown in the general diary and the sum shown on the bank statement frequently differ. As a result, bank reconciliations are created that show the variables that affected the balances' variations and match the balances up.
Both the adjusted book balance and the adjusted bank statement balance are $11,582.
Statement that reconciles the balance in the entity's bank account with the balance in its books of accounts is known as a bank reconciliation statement. When there are changes to the balance according to the books, a bank reconciliation needs journal entries. These adjustments are the result of things that were on the bank statement but were not reflected in the general ledger accounts of the business.
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______________________ interfere with the hormone system and cause sex change in fish and frogs. they also cause early puberty in children. ______________________ interfere with the hormone system and cause sex change in fish and frogs. they also cause early puberty in children. carcinogens teratogens neurotoxins endocrine disruptors
Endocrine disruptors interfere with the hormone system and cause gender change in fish and frogs. Children that are exposed to them also experience early puberty. The correct answer would be option C.
The endocrine-disrupting compound linuron has been studied for its impact on fertility in the West African frog known as Xenopus tropicalis. The researchers discovered that the pesticide linuron reduced male fertility and that more tadpoles grew ovaries than testicles, which tipped the sex ratio in favor of females.
Several endocrine disruptors have been discovered as potential factors influencing pubertal development in humans, including phytoestrogens, topical estrogens, pesticides, chemicals and phthalates. It was first proved in the 1990s that EDs can lead to onset of early puberty in children.
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If a 10% increase in price leads to a 40% decrease in quantity demanded, what is the value of price elasticity of demand? Show your work.
Which of the following will cause the demand for a good or service inelastic?
Having few substitutes
A longer time period
Being a luxury
Being a large share of the consumer's budget
If the price elasticity of demand is equal to 0.5, is demand elastic, inelastic, or unitary elastic?
Will a perfectly elastic supply curve be vertical, horizontal, or upward-sloping?
What price elasticity of supply will lead to a smaller increase in quantity when price changes— elastic, inelastic, or unitary elastic?
The Price elasticity answers are:
The value of price elasticity of demand is equal to four if a 10% rise in price results in a 40% reduction in the amount that is desired. "Being a substantial percentage of the consumer's budget" is the reason why there is an inelasticity in the demand for a certain commodity or service. alternative D Is demand considered "inelastic" if the price elasticity of demand is equal to 0.5? The supply curve for a completely elastic economy is horizontal. The price elasticity of supply is inelastic, which means that a rise in price will result in a less significant increase in quantity.How to determine the elasticity of demand with respect to priceThe price elasticity of demand is equal to the percent change in demand divided by the percent change in price.
x= [tex]\frac{40 \%}{ 10 \%}[/tex]
x=\frac{ 0.4}{ 0.1}
x= 4
A scenario is said to have inelastic demand when there is no proportionate change in the demand for products and services among customers in response to a change in the price of such goods and services.
The supply curve that is horizontally aligned with the demand curve represents a completely elastic supply curve.
In conclusion, the degree to which demand is sensitive to a change in price may be measured by looking at something called the price elasticity of demand.
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the benefit enjoyed by or cost imposed on a third party that is not directly involved in the production or consumption of a good or service is called a(n). (enter one word in the blank).
The benefit enjoyed by or cost imposed on a third party that is not directly involved in the production or consumption of a good or service is called a Externality.
Production is the process of merging diverse immaterial inputs (plans, knowledge) with material inputs to create something that is intended for consumption (output). It is the process of producing an output, a good or service that has value and enhances people's usefulness. Production theory, a branch of economics that focuses on production, is entwined with the consumption (or consumer) theory of economics.
Utilizing the initial inputs productively leads to the production process and output (or factors of production). Land, labor, and capital are regarded as the three major production components and are referred to as primary producer commodities or services. Both the output process and the final product do not considerably change these essential inputs or turn them into integral parts of the final product.
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seemore lens company (slc) sells contact lenses fob destination. for the year ended december 31, the company reported inventory of $79,000 and cost of goods sold of $438,000.
Journal Entries in order to correct the balances presently reported below.
Seemore Lens Company (SLC)
Particulars Inventory Cost of goods sold
For the year ended Reported
on December 31 $79,000 $438,000
a. Less: Lenses held on
consignment $13,000
b. Less: Office supplies $6,500
c. Add: Lenses in the
warehouse $9,500 $9,500
d. Less: Inventory which is damaged with
no scrap value $3,750
Balance $71,250 $440,500
So, in order to achieve the balance of the inventory we simply added the report ended on Dec 31 and lenses which is in the warehouse and deduct the lenses endured consignment.
Hence, the journal entries in order to correct the balances was presently reported.
The question is incomplete, the complete question is-
Seemore Lens Company (SLC) sells contact lenses FOB destination. For the year ended December 31, the company reported Inventory of $79,000 and Cost of Goods Sold of $438,000.
a) Included in the Inventory (and Accounts Payable) are $13,000 of lenses SLC is holding on the given consignment.
b) Included in SLC’s Inventory balance are $6,500 of office supplies held in SLC’s warehouse.
c) Excluded from the SLC’s Inventory balance is $9,500 of lenses in the warehouse, ready to send to customers on Jan 2. SLC reported these lenses as sold on December 31, at a price of $18,000.
d) Included in SLC’s Inventory balance are $3,750 of lenses that were damaged in December and will be scrapped in January, with zero realizable value.
Required: Prepare the table and show the balances presently reported for Inventory and Cost of Goods Sold, and then display the adjustment(s) needed to correctly account for each of items (a)-(d), and finally determining the appropriate Inventory and Cost of Goods Sold balances.
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A company hires a third party to click on its competitor’s online ads, with no intention of learning more about the advertiser or making a purchase. This is an example of ________.
A company who hires a third party to click on its competitor’s online ads, with no intention of learning is an example of affiliate marketer.
What is affiliate marketing?This is when a third party is employed to visit or promote the products if a company, hence receives a commission for such promotion.
In affiliate marketing, a person is hired to promote other company's products by using their own channel and earning commission. This means that a company outsourced part of its sales process.
Usually, companies give the people who are interested in marketing their product a special affiliate link whereby anyone who purchase their product get a small commission from the company whose product they are selling.
One of the benefit using affiliate marketing is that it helps increase sales thereby generating online revenue for a company.
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michigan berry corporation (mbc) distributes land with a fair market value of $214,000 to its sole shareholder. mbc's adjusted tax basis in the land is $110,000. mbc will not be taxed on a gain on the distribution if it has a deficit of ($270,000) in e
The adjusted basis is determined by adding the cost of improvements and related expenses to the original cost and deducting any depreciation and depletion deductions.
What is an adjusted tax basis, exactly?An asset's cost basis is adjusted for various events that occur during its ownership. When a property is sold, the proceeds are typically used to calculate an owner's capital gain or loss for income tax purposes, or to calculate an inheritor's tax basis when receiving property from a testator's estate.
At the time of purchase or vesting, your employer reports the value of your shares as ordinary income on your W-2. This means that you have already paid taxes on the value of your stock options. You should make a profit when you sell your stock.When you sell your stock, you should adjust your cost basis to avoid paying taxes on the amount again.The adjusted basis of an asset is critical for calculating capital gains and ordinary gains when it is sold.Hence, the adjusted basis is calculated by adding the cost of improvements and associated expenses to the original cost and subtracting any depreciation and depletion deductions.
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