1. Based on this information, the product costs that would be allocated to the cost of goods sold and ending inventory on the year-end financial statements, using FIFO are:
Cost of goods sold $1,220
Ending inventory $1,580
2. Based on this information, the product costs that would be allocated to the cost of goods sold and ending inventory on the year-end financial statements, using LIFO are:
Cost of goods sold $1,580
Ending inventory $1,220
3. Based on this information, the product costs that would be allocated to the cost of goods sold and ending inventory on the year-end financial statements, using the Average Weighted Method are:
Cost of goods sold $1,400
Ending inventory $1,400
What are FIFO, LIFO, and Weighted Average Methods?FIFO means First-in, First-out, based on the assumption that goods sold are the first to be bought.
LIFO means Last-in, First-out. Unlike FIFO, LIFO assumes that goods sold are the last to be bought.
Weighted Average is an inventory costing method that weighs and divides the total cost by the number of units for the review period and allocates the costs to ending inventory and the cost of goods sold, accordingly.
First Purchase of 1 unit = $1,220
Second Purchase of 1 unit = $1,580
Total cost of purchases = $2,800
Average cost = $1,400 ($2,800/2)
Sales = 1 unit
FIFO LIFO Weighted average
Cost of goods sold $1,220 $1,580 $1,400
Ending inventory $1,580 $1,220 $1,400
Learn more about the inventory costing methods at https://brainly.com/question/27788988
#SPJ1
I need help!!! offering brain list
The obligation that would have to determine the getting if the tax identification number would be the Contractual obligation.
What is a tax identification number?This is the term that is sued to refer to the 9 digits tracking number that the federal inland revenue services uses for the tracking of tax payments by the citizens of the nation.
What is a contractual obligation?This is the term that is used to refer to the legal responsibility that the people would have that would make them to act upon an agreement that has been made.
The contractual agreement here would be that the people of the nation are to pay their taxes especially at the time that it is due in the nation.
This would enable the nation to be able to provide the social services that it does. Therefore the last option that we have in this question that we have here is the solution to the question.
Read more on Contractual obligation here: https://brainly.com/question/25789642
#SPJ1
4. What are some of the consumer protections available? What can individuals do to
protect themselves? |
Answer:
1.Present their complaints through mass media.
2.Inspecting goods to ensure they meet their required standards.
3.Enlighten themselves about their rights and trade obligations.
4.Shunning exploitative traders.
5.Joining consumer groups to fight exploitation in one voice.
explain, using a business example, why conflict may arise between two different business stakeholders
A typical business example of how conflict may arise between two different business stakeholders is when there are clash of interests. For instance, when the owners seek high profits, reluctant to see the business pay high wages to staff which made a business decision to move production overseas to reduce staff costs.
What is known as a conflict?Basically, a conflict refers to any serious disagreement and argument about something important, that is, when two people or groups are in conflict, they are said to have had a serious disagreement or non-conclusion about certain things.
The conflicting interests of stakeholders arises because different stakeholders have different objectives which some are stated below:
when owners want high profits and so may be reluctant to see the business pay high wages to staffwhen a business decision to move production overseas may reduce staff costs.All as mentioned above will benefit owners but work against the interests of existing staff who will lose their jobs as the customers might suffer if they receive a poorer service, the managers may want to pay for goods later to improve cash flow whereas the suppliers will want their payment as soon as possible etc.
Read more about conflict
brainly.com/question/24769299
#SPJ1
When doing financial planning for your
retirement or old age, you should:
Answer:
For Retirement Keep in Mind the:
Remember to SaveKnow what requirements or needs you need to meet for retirementSort out your money for car, rent, home, insuranceMake sure to have a retirement planLook into your pension if you have or you don't haveOld Age :
Budgeting your Money through Retirement money ( Specifically Set Aside For Retirement)You can make sure and check that you have medicare or some sort of health insurance/ if you need you can decide when you are ready to use social security or other objects of payments.Make sure to use smart spending; Groceries, Fundamental Needs, Health, and True pleasure or enjoyment.Look into your stock and see what you can change or what you think you should do with them, Keep around 30% of your stock that is the portfolio.Should invest in Real Estate if you have enoughExplanation:
These are all important because they are all ways that people can keep their life organized way while thinking of future or present finance, Keeping all of their stocks and savings limited or well distributed, and things that they could possibly buy like medicare to help them be more prepared.
10 of 50
One of the differences between the Fair Housing Act and the Pennsylvania Human
Resource Act is
commercial property is included in the Pennsylvania Human Resource Act.
the Fair Housing act covers non real estate salespersons.
persons over 65 are included in the Pennsylvania Human Resource Act.
the Fair Housing Act applies to Commercial property.
One of the Differences between the Fair Housing Act and the Pennsylvania Human Resource Act is
Commercial property is included in the Pennsylvania Human Resource Act. Whilst its not included in Fair Housing ActThe federal legislation that outlaws housing discrimination based on national origin, race, color, religion, sex, disability, and other factors is called Fair Housing Act. (FHA)
The Pennsylvania Human Relations Act (PHRA), which prohibits discrimination in housing, employment, commercial property, education, and public places, is one of these state statutes.
To learn more about FHA and PHRA, Click the links
https://brainly.com/question/11504712
#SPJ9
what is the role for investor protection in developing international financial markets and real economies
The phrase "investor protection" refers to a broad range of policies intended to shield investors from the wrongdoings of businesses, merchant bankers, depository participants, and other middlemen.
What function do investors serve in the economy?
Without investment, businesses would not have the prospects for unending growth that investors provide. They support the banking institutions and aid in facilitating the distribution of monies to individuals in need. Investors support fiscally and monetarily prudent policies and criticize those that are not.
Why is investor protection important?
Investor protections are important for businesses' capacity to raise the money they require to expand, innovate, diversify, and compete. Equity markets cannot thrive without investor safeguards, and banks end up being the primary source of funding. Capital markets that are active tend to effectively protect investors in economies.
To learn more about Investor from the given link.
https://brainly.com/question/25300925
#SPJ9
What is more detailed than the statement of retained earnings
and shows other changes in stockholders' equity, such as the
issuance of additional shares of stock.
An income statement
The balance sheet
The statement of cash flows
The stockholders' equity statement
The stockholder's equity statement shows other changes in stockholder's equity, such as the issuance of additional shares of stock.
What is stockholder's equity?The two main sources of shareholders' equity—also referred to as the company's book value—are debt and equity. The initial financial investment made in the business through share offerings is the first source of funding. Retained earnings (RE), which the business gradually builds up via its activities, make up the second source. Retained earnings typically make up the majority of the balance, particularly when dealing with long-standing businesses. Either a negative or positive shareholder equity exists. If the answer is yes, then the company's assets are more than its liabilities. If it is lower than zero, the company's liabilities exceed its assets. This is regarded as balance sheet insolvency if it continues for a while.
To learn more about stockholder's equity, visit:
https://brainly.com/question/13278063
#SPJ13
in Italy An overview of economic factors that could influence pricing strategies. A synopsis of costs that would influence the price of the good or service being proposed for global business operations. Recommend a pricing strategy (including specific prices) for the proposed enterprise. Provide evidence to support your proposal.
Some elements influencing foreign consumer behavior in international marketplaces include but are not limited to:
target market economics and political ideology;education and technical abilities;values and attitudessocial and cultural factors;languagereligion and beliefs; andlegal and competitive issues.The costs that could influence the price of the good or service being proposed for global business operations are?Some of the major costs that drive the price of goods these days at the international level are:
Cost of technologycost of informationCost of raw materialscost of regional labor etc.Taking cost of labor, for instance, China became the headquarters of production and large-scale manufacturing because thee readily provided cheap labor and had access to raw materials at a reasonable cost due to their global influence.
Thus, a principal strategy that would support a global enterprise must take into consideration sources of:
Cheap labor andCheap raw materials.Any global business that is able to achieve control over these two factors will dominate in terms of price.
Learn more about Pricing Strategies:
https://brainly.com/question/27124956
#SPJ1
Demonstrate temperature checks on refrigeration equipment?
it's best to use food or liquid that has been in the compartment for at least 24 hours.
Use a refrigerator thermometer to monitor the temperature.
Chilling foods to proper temperatures is one of the best ways to slow the growth of these bacteria.
Think of a process you perform every day. Describe the process in detail by listing the steps needed to complete it.
The process which is to be perform everyday for efficient processes are Change Implementation and Communication, Acquire Resources, evaluate the process and Analyze the results.
What is a business process and what are the importance of business process ?
A business process is a set of actions taken by a number of stakeholders to accomplish a specific objective. A task is allocated to a participant at each stage of a business process. It serves as the essential building block for a number of related concepts, including process automation and business process management.
Despite the abundance of information that has been published and spoken about business process management, it is crucial to comprehend why it is so crucial to your company.
In large firms, the benefits and necessity of a business process are extremely obvious. Any organization relies on its processes to streamline individual tasks and ensure that resources are used to their full potential.
To know more about business process, refer:
https://brainly.com/question/14979506
https://brainly.com/question/15698916
#SPJ9
Describe how you will use the Internet.
The Internet can be used for a variety of things, including information research, global communication, online shopping, video watching, and much more.
The Internet, also known as "the Net," is a global system of computer networks that allows users at any one computer to obtain information from any other computer with permission and, on occasion, communicate directly with users at other computers. The sharing of information and communication is streamlined when the internet is used for education. It enables them to refer to pertinent study materials in various multimedia formats and access lectures online. Allowing teachers to incorporate a variety of tools into their curriculum also helps.
To learn more about Internet here
https://brainly.com/question/13308791
#SPJ1
QUESTION 18
Education, religious beliefs, military experience, geographic location, and income are all
O a. None of these choices
O b. inclusive dimensions.
O c. traditional dimensions.
O d. both inclusive and traditional dimensions.
Oe. All of these choices
All the aspects are traditional dimensions
The multicultural world in which we live is made up of many cultures, values, and interpersonal communication styles. Age and gender, religion, color, marital status, ethnicity, education, physical and mental ability, income, sexual orientation, occupation, and language, are among the traditional dimensions of diversity. Understanding the characteristics of diversity and different world cultures can assist Extension audiences to create teaching skills that will connect with the people and groups they engage with.
Building inclusive workplaces are critical, and inclusive dimensions are highlighted in this context. It is a collection of behaviors that encourages teamwork, innovation and creativity, high performance, justice and respect, and a culture where workers feel like they belong.
Read more about dimensions on:
https://brainly.com/question/14601420
#SPJ9
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below.
A $94,000 in raw materials were purchased for cash.
B $89,000 in raw materials were used in production. Of this amount, $78,000 was for direct materials and the remainder was for indirect materials.
C Total labor wages of $132,000 were incurred and paid. Of this amount, $112,000 was for direct labor and the remainder was for indirect labor.
D Additional manufacturing overhead costs of $143,000 were incurred and paid.
E Manufacturing overhead of $152,000 was applied to production using the company’s predetermined overhead rate.
F All of the jobs in process at the end of the month were completed.
G All of the completed jobs were shipped to customers.
H Any underapplied or overapplied overhead for the period was closed to Cost of Goods Sold.
Required:
1. Post the above transactions to T-accounts.
2. Determine the adjusted cost of goods sold for the period.
1. Posting the transactions to T-accounts for Jurvin Enterprises is as follows:
Raw MaterialsAccount Titles Debit Credit
Cash $94,000
Work in Process $78,000
Manufacturing Overhead 11,000
Balance $5,000
Work in ProcessAccount Titles Debit Credit
Raw Materials $78,000
Wages Expenses 112,000
Mfg Overhead 152,000
Finished Goods $342,000
Manufacturing OverheadAccount Titles Debit Credit
Raw Materials $11,000
Wages Expenses 20,000
Cash 143,000
Work in Process $152,000
Cost of goods sold 22,000
Finished GoodsAccount Titles Debit Credit
Work in Process $342,000
Cost of goods sold $342,000
Cost of Goods SoldAccount Titles Debit Credit
Finished Goods $342,000
Manufacturing Overhead
(Underapplied) $22,000
2. The adjusted cost of goods sold for the period is $364,000.
Transaction Analysis:Raw Materials $94,000 Cash $94,000
Work in Process $78,000 Manufacturing Overhead $11,000 Raw Materials $89,000
Work in Process $112,000 Manufacturing Overhead $20,000 Wages Expenses $132,000
Manufacturing Overhead $143,000 Cash $143,000
Work in Process $152,000 Manufacturing Overhead $152,000
Finished Goods $342,000 Work in Process $342,000
Cost of goods sold $342,000 Finished Goods $342,000
Cost of goods sold $22,000 Manufacturing Overhead (Underapplied) $22,000
Adjusted Cost of Goods Sold:Finished Goods $342,000
Underapplied overhead 22,000
Total cost of goods sold $364,000
Learn more about T-accounts for manufacturing accounts at https://brainly.com/question/2408576
#SPJ1
Which option is NOT an example of a financial emergency?
car repair
buying a gift for your best friend’s birthday
losing your job
medical bill from the emergency room
Answer: buying a gift for your best friend's birthday
Explanation: emergency is any expense or loss of income you do not plan for, like a missed paycheck, a damaged roof, a flat tire, or medical bill. Financial emergencies may include car damage, unemployment, medical treatment, property damage, or family emergencies
car repair: a financial emergency because you did not plan on your car needing repairs; you need your car to get places.buying a gift for your best friend’s birthday: not emergency because you can plan for that in the bouget.losing your job: a financial emergency because you did not plan on losing you job that you need to make money.medical bill from the emergency room: a financial emergency because you did not plan on going to the emergency room.Answer:
buying a gift for your best friend’s birthday
Explanation:
Why should variations between expected and actual work performance according to task requirements be documented and communicated to relevant personnel?
Variations between expected and actual work performance according to task requirements be documented and communicated to relevant personnel because:
This will help the relevant personnel to note the outcome of their decisions and be able to make adjustments in future forecasts. Why is important to communicate variations in work performance to the relevant personnel?It is indeed very important to communicate the variations in expected and actual work performance because it will help the personnel to be more realistic in their future business predictions. When the relevant personnel are aware of the relevant market trends, they will be able to note these and make better business decisions.
If the actual work performance is different from the expected performance and the personnel are not notified of this, they may be misled and not aware of what is the reality on the ground. This way, more mistakes will happen in the business.
Learn more about work performance here:
https://brainly.com/question/28285217
#SPJ1
people with the ______ style of decision making are action oriented and like to focus on facts. they also tend to be autocratic-type managers.
People with the directive style of decision making are action oriented and like to focus on facts. they also tend to be autocratic-type managers. An autocratic management style is one in which only one person makes all the decisions and solicits very little feedback from the rest of the group.
Autocratic leaders make decisions or choices based on their own beliefs and do not consult or seek input from others. An autocratic manager or leader may make decisions without consulting others' viewpoints, act rapidly, and adjust focus strategies. Team members' productivity may consequently rise and their stress levels may the decline.
To learn more about manager, click here.
https://brainly.com/question/17312484
#SPJ1
I need help!!! offering (25 points)
Answer:
Explanation:
Doung need hot dog stand permit for his buisness which comes under special use permit as per other options like portable license the permit will work as a license and regulations and He is use his normal license as mobile cart license so the only thing he required is special use permit which will give allowance to his hot dog buisness.
Leila Ahmadi wants to purchase a package of shredded cheese at a local store for taco night. Is it better for her to pay $2.72 for 16 ounces or $3.84 for 24 ounces of this product? Explain your answer.
Since Leila Ahmadi wants to purchase a package of shredded cheese, it is better for her to pay $2.72 for 16 ounces of this product because the amount is okay for her and best if she don't want to loose more money.
What is the buy more and pay less strategy?This is known to be a marketing strategy that is used by a lot of companies as well as business to get consumers to buy more product at lesser price.
In situations where you have a high stock of a certain product or edible goods with a sell-by date that are about to run out, for example, quantity discounts are fairly common and an excellent technique to encourage customers to buy more and in that process consumers are losing more while businesses are making more profit.
Note that the strategy above that is used to sell the cheese is one that is made for people to spend more and I believe if she want to save money and not buy additional unit, she should go for the 16 ounce.
Learn more about Marketing strategy from
https://brainly.com/question/25640993
#SPJ1
microfilaments are composed of ______ in ______ arrangement.
Microfilaments are composed of repeating actin subunits in a thin double-helix arrangement.
What is the arrangement?There are various types of arrangments that can be formed in the organism. Organisms are organized into hierarchical levels based on common traits. This is referred to as taxonomic ordering. Monarchy is the top classification for living things, while genus is the smallest.
Microfilaments contribute to the pressures required for cellular constriction and basic membrane movements. The strands also allow a developing cell that snaps off into two and therefore are engaged in certain sorts of cells spores motions.
Microfilaments are made up of two actin and myosin wrapped into a helix. A few of the tubulin material's two components. The other member is a protein comparable to beta-tubulin.
Learn more about arrangement, here:
https://brainly.com/question/9522728
#SPJ12
Describe FIVE (5) factors that are reshaping and refining the manager job.
FIVE (5) factors that are reshaping and refining the manager job.
1. The increasing complexity of organizations
2. The increasing need for managers to be able to deal with change
3. The increasing importance of communication and interpersonal skills
4. The increasing need for managers to be able to work in teams
5. The increasing importance of strategic thinking
What is manager job?
Generally speaking, an effective job title will mention the broad term, the amount of experience, and any unique qualifications. Your job title will be optimised to appear in a broad search for similar jobs when you use the general word. By describing the level of responsibility and prerequisite expertise, the level of experience will assist you in attracting the most qualified candidates. Additionally, if your role requires specialisation, think about incorporating that information in the job title. If you want people to click on your job posting, make sure they understand what it is before utilising internal titles, abbreviations, or acronyms.
To learn more about manager job
https://brainly.com/question/24196901
#SPJ9
A market index is a measure for tracking stock prices.
It is False. A market index evaluates a portfolio of securities with certain market characteristics. The index provider uses a distinct approach to calculate and maintain each index.
Index algorithms frequently employ market capitalization or price to determine their weight.
What is the process of stock index measurement?Key Takeaways - The index is calculated by adding the stock values of the 30 companies, which are then divided by the factor. Stock splits, dividends, or adjustments to the divisor occur when a company is added to or withdrawn from the index.
That would be what kind of a market index?The NYSE Composite Index and the Dow Jones Industrial Average are two examples of market indices (DJIA). The Nasdaq-100 Index, Wilshire 5000 Total Market Index, and S&P 500 are additional market indices.
To learn more about market from the given link.
https://brainly.com/question/25754149
#SPJ10
Complete Question -
A market index is a measure for tracking stock prices.
True False
which country, Brazil or Australia, would you choose to introduce your product? Why?
Explanation:
.With the fifth-largest population in the world and a rapidly expanding middle class (as is the case throughout the entirety of Latin America), Brazil has a sizable consumer market.
. The size and diversity of the Brazilian consumer market have given rise to a wide range of intriguing business opportunities for foreign companies seeking to expand their clientele there.
.Brazil has first-rate transportation and infrastructure, unlike some of its neighbors.
.Whereas, The favorable economic situation of Australia may be one of the factors for establishing a business there.
. All business owners prefer a somewhat stable environment when operating their own company, which is created by having a strong and healthy economy.
.The procedure for setting up your business banking with Australian financial institutions is quite simple.
. Australia's consumer market too is great where people are consuming 80% more than their needs.
disruptive innovations don't need to perform better than incumbents; they simply need to perform well enough to appeal to their customers (and often do so at a lower price).
a. True
b. false
The disruptive innovations don't need to perform better than incumbents is TRUE
What is Disruptive innovation ?
Disruptive innovation, according to business theory, is innovation that establishes a new market and value network or enters a market from the bottom and eventually supplants long-established market-leading companies, goods, and alliances. Beginning in 1995, the American academic Clayton Christensen and his team developed the idea.
Even breakthrough innovations don't always cause disruption. For instance, because early automobiles were expensive luxury items that did not disrupt the market for horse-drawn vehicles, they were not disruptive innovations when they were introduced in the late 19th century. Up until the 1908 release of the less expensive Ford Model T, the transportation business virtually remained unaffected. A disruptive breakthrough was the mass-produced vehicle, which altered the transportation industry.
Learn more about Disruptive innovation https://brainly.com/question/23181265
#SPJ4
Does anyone know how to do this?
Answer:
Osix galbns of diesel engines have been used for years to
Answer:
1: 2, 9 10, 5 uniform
2. 10 Albany, Baptist, church
3. 8 all, state, packing, co
view the picture below for the other answers
mrs willard wants to know generally
On June 1, 2019 Adelphi Corporation issued $400,000 of 6%, 5-year bonds. The bonds which were issued at 98, pay interest on January 1 and June 1. Use this information to calculate the amount of bond discount or premium that is amortized with each interest payment. Enter as a whole number (no cents).
The amount of bond discount which is amortized with each of the interest payment is $400.
Given,
The Adelphi Corporation issued $400,000 of 6%, 5-year bonds.
Step 1:
The bond discount = the face value × (1 - Issue rate)
Bond discount = $400,000 × (1 - 98%)
Bond discount = $4,000
Step 2:
The Discount amortization per period = Bond discount / Total semiannual periods
Discount amortization per period = $4,000 / (5 × 2)
Discount amortization per period = $400
Hence, the amount of the bond discount which is thus amortized with each of the interest payment is $400.
To learn more about bonds here:
https://brainly.com/question/26034883
#SPJ1
If Lauren is worried about being laid off from her job, which expense would you recommend she cut down on?
Responses
her car insurance
her phone bill
her entertainment expensess
her rent
Answer: her entertainment expensess
Explanation: she needs all the other stuff.
I need help!!! offering brain list (25 points)
The agreement that would have to legally bind the parameters of the new position that Dana has is what is called the contract.
What is a contract?This is the term that is used to refer to the legal agreement that would be binding on two different parties. The contract is the term that tells us of the ways that the people that are involved would be able to get into an agreement by stating their terms and also agreeing to the terms stated.
It is worthy of note that due to the fact that the contract it is a legal document it is an enforceable document. Therefore a breach that would occur by any of the parties involved after the initial agreement may lead to some legal issues that would have to be settled by the court of law.
Hence we would say that the contract is the document that would have to be signed that would seal the new deal.
Read more on contract here: https://brainly.com/question/5746834
#SPJ1
What is the reason some banks require all employees to work as bank tellers, regardless of experience?
Answer: Many banks are offering accounts that do not require you to make an opening deposit, have low fees, and do not permit overdraft.
Explanation:
hope it helps
Discuss the benefits and disadvantages to Marathon Auto Engineering PLC, of investing in ‘electric
engines’ technology.
The benefits and disadvantages of Marathon Auto Engineering Pls of Investing in Electric Engine Technology are:
They will gain the attention and buy-in of stakeholders rooting for a cleaner environment and reduced use of fossil fuel.Because there is increased demand for electric cars, they will be well-positioned for the future of the automobile market.What are the demerits they should be aware of?
Various disadvantages have been identified as reasons why people don't want to own an Electric car. Some of them are:
These factors make it risky and therefore disadvantageous to invest in electric cars.
Learn more about investing:
https://brainly.com/question/25015549
#SPJ1