On Jan. 2, Callie Company performed $800 worth of services for a client. The client paid $800 immediately, The journal entry to record this transaction in Callie Company's books would include a "Debit to the Cash account"(debit/credit) to the Cash account; and a "Credit to the Service Revenue account"(debit/credit) to the Service revenue account.
This is further explained below.
What is it about Journal entries?Generally, The customer made an initial payment of $800, This transaction would be recorded in the books of Callie Firm as a "Debit to the Chequing account" (debit/credit) to a Cash book, and as a "Credit to the Service Revenue account" (debit/credit) to the Service revenue account, as part of the journal entry that would be used to record this transaction.
In conclusion, Based on the following accounting rules, record a debit entry in the Cash account and a credit entry in the Service Revenue account:
The service revenue account should be credited after all profits and income have been credited and all costs and losses have been debited.Deduct everything that comes in and everything that goes out, which will result in the cash being debited.Read more about Journal entries
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CQ
On Jan. 2, Callie Company performed $800 worth of services for a client. The client paid $800 immediately, The journal entry to record this transaction in Callie Company's books would include a ___________ (debit/credit) to the Cash account; and a _______ (debit/credit) to the Service revenue account.
the five generic competitive strategies are essentially derived from choices made about multiple choice question. geographic coverage and product mix. market coverage and the type of competitive advantage pursued. pricing strategy and profit margins. marketing strategy and product placement in various competitive situations.
The fundamental principles of GCS are cost leadership, differentiation, and focus. Next, cost leadership and emphasis are divided into their two categories. An organization may select a strategy to acquire a competitive advantage.
Broad differentiation tactics and overall low-cost providers
Market Coverage: Involvement in a Limited Number of Market Segments
focused tactics for differentiating and keeping costs down
The kind of competitive advantage desired is value creation focused on cost reduction.
* Implementing a Broad Low Cost Provider Strategy as well as Focused Low Cost
Competitive advantage that is most desired is value generation based on differentiating characteristics.
* Broad and focused differentiating tactics
Which of these serves as the objective of competitive strategy?What we desire The primary objective of a competitive strategy is to gain a competitive advantage in the market. The primary tool for assessing an organization's competitive position in the market is Porter's Five Forces Model.
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when consumers have favorable emotions toward a sport organization or athlete, sport sponsors want that emotional involvement to the sponsor's brand.
The statement that "When consumers have favorable emotions toward a sports organization or athlete, sports sponsors want that emotional involvement to the sponsor's brand" is True.
What is the meaning of this statement?This statement simply means that brand sponsors often want fans to transfer the love that they have for a given organization to them. From the words of the text, it is quite evident that the motive of brand sponsors is usually to share the love that the fans have for their favorite organization.
Often sponsors clamor to fund certain sporting activities. They also display their brands as close associates with a particular sporting club.
Fans tend to have a strong love for people who support them and associate with their favorite clubs, so we can conclude that it is true that sports sponsors want the emotional involvement of the fans transferred to the sponsor's brand.
This is a true or false question and the answer to the prompt is True.
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emma and cynthia start up a general partnership. emma contributes $60,000 of initial start-up capital to help grow the business and cynthia contributes $40,000. they both agree that in the future, they want to take on a third partner. emma and cynthia then sign a partnership agreement and begin running the business. as part of the partnership agreement, they agree to the default rules regarding voting. what percentage voting interest does emma have, and what percentage voting interest does cynthia have?
The percentage voting interest that Emma has is equal to 60% and the percentage voting interest has is equal to 40% according to their initial start-up capital contributions if they agree to the default rules regarding voting.
According to the default rules regarding voting, every partner has a vote percentage proportional to the paid-up value of shares.
Therefore the percentage of voting interest can be calculated as follows;
Total contribution = Emma contribution + Cynthia contribution
Total contribution = 60,000 + 40,000
Total contribution = 100,000
Percentage voting interest of Emma can be calculated as follows;
Emma's voting interest = Emma's contribution ÷ Total contribution
Emma's voting interest = 60,000 ÷ 100,000
Emma's voting interest = 0.6
Percentage of Emma's voting interest = 0.6 × 100 = 60%
Percentage voting interest of Cynthia can be calculated as follows;
Cynthia's voting interest = Cynthia's contribution ÷ Total contribution
Cynthia's voting interest = 40,000 ÷ 100,000
Cynthia's voting interest = 0.4
Percentage of Cynthia's voting interest = 0.4 × 100 = 40%
Therefore, the percentage voting interest of Emma and Cynthia is calculated to be 60% and 40%.
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which statement is true? a competitive market pushes the quantity produced to its efficient level. when the efficient quantity is produced, consumer surplus is minimized. when the efficient quantity is produced, producer surplus is minimized. when supply is greater than demand, producer surplus is less than consumer surplus.
It is accurate to say that a competitive market drives production to its optimal level.
In a competitive market, consumer surplus is maximized when the efficient amount is generated.The sum of the consumer and producer surpluses, or the total surplus, is maximized at the efficient quantity. This is the case because the market sets prices that are equivalent to the marginal cost of manufacturing the final unit.
When is the productive quantity produced?The quantity of a good that causes the marginal benefit from it to equal the marginal cost of producing it is known as the effective quantity. Increased quantity will result in more effective resource usage if marginal gain outweighs marginal cost.
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n 1904, the first putting green championship was held. the winner's prize money was $140. in 2016, the winner's check was $1,171,000. (do not round intermediate calculations.)
The percentage increase per year in the winner's check over this period is
x=8.398%
This is further explained below.
What is the future value,?Generally, A present asset's future value, abbreviated as FV, is the value that the asset is expected to have at some point in the future, based on a projected rate of growth.
Because investors and financial planners use it to predict how much money an investment made now will be worth in the future, the future value is very significant to these professions.
The formula for determining the future value is as follows: FV = PV(1+i)n, where the present value PV is increased by a factor of 1 + I for each period that is added to the future. In order to calculate FV, the future value calculator takes into account a number of factors, including the following: The whole amount of the present value.
In conclusion,
A=P(1+r/100)^n
Therefore
1171000.=140*(1+r/100)^112
(1171000/140)^(1/112)=(1+r/100)
(1+r/100)=1.0839810
=8.398%
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CQ
In 1904, the first Putting Green Championship was held. The winner's prize money was $130. In 2016, the winner's check was $1,180,000. (Do not round Intermediate calculations.)
a. What was the percentage increase per year in the winner's check over this period?
old economy traders opened an account to short-sell 1,000 shares of internet dreams at $60 per share. the initial margin requirement was 50%. (the margin account pays no interest.) a year later, the price of internet dreams has risen from $60 to $69.50, and the stock has paid a dividend of $7.80 per share.
The remaining margin is $12700.
What is remaining margin?The amount of collateral that you continue to hold in your brokerage account above the minimum margin requirement is known as remaining margin. Subtract the margin requirement from the value of the collateral to arrive at the figure.The account's total equity, which includes both cash and the value of any securities, is computed by deducting the borrowed amount. This yields the minimal margin amount.Investors are forced to make additional cash or security deposits to satisfy the loan terms when the value of a margin account falls below the broker's minimum amount.Required initial margin (RIM) = S x P x I
= 1000 x 60 x 0.50
= $30000
Total stock price (ISP) = (NP-P) x S
= (69.50-60) x 1000
= $9500
Total dividend payment (TDP) = D x N
= 7.80 x 1000
= $7800
Remaining margin (RM) = RIM - ISP - TDP
= 30000 - 9500 - 7800
= $12700
Hence, the remaining margin is $12700.
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The complete question is:
Old Economy Traders opened an account to short-sell 1,000 shares of Internet Dreams at $60 per share. The initial margin requirement was 50% (The margin account pays no interest). A year later, the price of Internet Dreams has risen from $60 to $69.50, and the stock has paid a dividend of $7.80 per share.
What is the remaining margin in the account?
Rental cost for offices spaces have been going up at 6. 2% per year compounded annually for the past 5 years. If office space rent is now at a rate of $32 per square foot per month, what were the rental rates 5 years ago?.
The rental rates were $23.70 per square foot per month five years ago if the rental costs have been going up at 6.2% per year compounded annually.
The rental rates 5 years ago can be determined using the formula for compound interest as follows;
A = P (1 + r/n)^nt
Here A represents the final amount, P represents the initial balance, r represents the interest rate, n represents the number of times the interest was applied per time period, and t in this formula represents the number of time periods elapsed.
32 = P (1 + 0.062)^5
P = 32 / (1.062)^5
P = 23.70
Hence the rental rate was calculated to be $23.70 five years ago if the space rent is now at a rate of 32$ per square foot per month.
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you can go to your nearest hallmark card store and buy a birthday greeting card for a friend and pay $4.50. or you can buy a hallmark card from its new $0.99 line of greeting cards, made with lesser-quality materials but just as sentimental, sold at barnes
For $4.50, you can get a birthday card for a buddy at the Hallmark store closest to you. Alternatively, you might get a Hallmark card from its brand-new $0.99 line of emotive but lower-quality greeting cards available at Barnes & Noble stores. A Tiffany/Walmart plan like this one.
Hallmark is a privately held firm, not a public one. Where are Hallmark goods produced The majority of Hallmark cards that are sold in the country are made here by company employees at our Lawrence, Kansas, greeting card production facility. an official mark or stamp designating a purity level that is used to identify gold and silver items that have undergone testing by the Goldsmiths' Company of London; plate mark. The level to which a process, product, or service satisfies a certain set of characteristics or requirements is referred to as quality. A collection of inherent qualities and a set of requirements can be compared to assess something's quality.
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A functional dependency in which one or more nonkey attributes are functionally dependent on part, but not all, of the primary key is called a ________ dependency.
Partial functional dependencies are those in which one or more nonkey attributes are functionally dependent on some but not all of the primary key.
How does partial functional dependency work?If the removal of any subset of A still allows B to be recognized as uniquely, then the functional dependency A B is said to be partial. A type of functional dependency known as partial dependency depends on a group of attributes. It deals with how completely dependent a right-side attribute is on a left-side attribute.
Partial Functional Dependency, for instance, is when either P or Q alone can definitively identify R in a functional dependency PQ R. R is partially functionally dependent on either P or Q, according to how we interpret this.
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which retail executive supervises a group of buyers and is responsible for the merchandising activities of a related group of sales departments or divisions?
The retail executive who oversees a group of buyers and is responsible for the trading activities of the relevant sales department or division group is the General Merchandise Manager (GMM).
Retail is a commercial activity that involves selling goods or offering services directly to final consumers. Goods purchased from retail businesses will be used by consumers for personal consumption or for family and household purposes, not for resale.
Also known as retail business, retail acts as a marketing intermediary that connects major producers or large wholesalers with consumers who buy in small quantities or in units. After purchasing a number of goods from a larger group of businesses, the retailer or retailer will resell the goods by setting a certain additional price to make a profit.
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to maintain financial stability, people should know how much credit they can comfortably tolerate. the debt safety ratio is a computation that defines one’s monthly loan repayment burden. it compares loan obligations to income. the formula for the debt safety ratio is: debt safety ratio
The debt safety ratio is the ratio of monthly consumer debt payments to the monthly take-home pay, expressed as a percentage. Lending institutions such as banks and credit card companies use debt safety ratios and other financial met.
“consumers, with the aid of definition, encompass us all," stated President John F. Kennedy, providing his definition to us Congress on March 15, 1962. This speech became the premise for the creation of global consumer Rights Day, now celebrated on March 15. In his speech: John Fitzgerald Kennedy outlined the crucial obligation to consumers from their respective governments to help work out customers' rights. A client is a person or a group who intends to order, or uses purchased items, merchandise, or services basically for non-public, social, circle of relatives, family, and comparable needs, who isn't always immediately associated with entrepreneurial or business sports. The time period most usually refers to someone who purchases goods and services for personal use.
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namrata is surprised that lawrence is the manager of the customer acquisition area. he is known for being insensitive to other employees and refuses to accept any changes instituted by the board of directors. lawrence's behavior could be described as .
lawrence's behavior could be described as Dysfunctional.
The required details about insensitive from the below paragraph.
When someone is insensitive, what does that mean?
1: lacking emotion; unresponsive He has no feeling of pain. 2: making an offensive comment or not caring about the issues or feelings of others.
How do you handle an inconsiderate person?
Establish sound limits in your interactions and relationships with others.
Even if they are unable to do so, try to change your perspective in order to understand where the other person is coming from.
To defuse a situation, utilize comedy.
Sometimes choosing to ignore what other people say is a wise course of action.
What makes someone insensitive, exactly?
NOT ENOUGH SELF-ESTEEM
People that are insensitive may be battling insecurity issues, which causes them to naturally want to belittle others.
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several years ago, minjun, who is single, acquired § 1244 stock in blue corporation at a cost of $60,000. he sells the blue stock for $5,000 in the current year.
If Minjun acquired § 1244 stock in Blue Corporation at a cost of $60,000 and sells the Blue stock for $5,000 so the ordinary loss of $50,000. In the other side, the capital loss of $5,000.
Stocks are one of the most popular forms of money market instruments today. Shares which are also called securities or stock become securities that state proof of ownership of a company or business entity. Shares can also be interpreted as a sign of capital participation of a person or business entity as a certain party in a company or limited liability company. By including capital, the party has a claim on the company's income, assets, and is entitled to attend the general meeting of shareholders.
Another definition of stock is something of value from a company in the form of a Limited Liability Company or an Issuer that is used to transport shareholders. So, someone who invests by buying shares of a company then he is instinctive to become the owner or officer of the company's shares.
The calculation:
Total loss on the sale = $60,000 - $5,000
Total loss on the sale = $55,000
So, the first $50,000 receives ordinary loss treatment and excess $5,000 is capital loss.
Several years ago, Minjun, who is single, acquired § 1244 stock in Blue Corporation at a cost of $60,000. He sells the Blue stock for $5,000 in the current year. Determine the amount and nature of Minjun's gain or loss recognized this year.
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if we start with all of the income of a firm and subtract out all of the expenses associated with its operations – including costs associated with obtaining or making goods and services – then what's left is...
If we start with all of a company's revenues and subtract all the costs associated with its operations – including costs associated with acquiring or producing goods and services – then what remains is Operating income.
Operating income is the amount of profit remaining by the company after deducting direct and indirect operating costs from sales revenue. Operating income is wages, depreciation and cost of goods sold including rent, marketing, equipment, payroll, supplies and other items you may need to run your business.
It is important to note that operating income does not include items such as other income, non-operating expenses and non-operating income. Operating income differs from net income and gross income in that operating income accounts for more expense line items than gross income and less expenses than net income.
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what do you see as the strongest moral consideration in favor of capitalism? what do you see as the strongest objection to it? how capitalist is our economic system today? what do you see as the major economic challenges facing our society today and, in particular, your generation?
Capitalism promotes the freedom to choose. It promotes the ability for people to choose what they want to buy, how much they want to spend, where they want to live, where they want to work, and so on.
What exactly is capitalism?Capitalism is commonly thought of as an economic system in which private actors own and control property based on their interests, and demand and supply freely set market prices in a way that benefits society.
Because it protects a man's primary means of survival and success, capitalism is the only moral social system.
Many distinguishing characteristics of capitalism include a two-class system, private ownership, a profit motive, minimal government intervention, and competition.
THE TRUTH: Capitalism is the world's most humane economic system, promoting democratic values of a free and open society such as hard work, cooperation, generosity, charity, and adherence to the rule of law.
Hence, Capitalism promotes freedom of choice. It promotes the ability for people to choose what they want to buy, how much they want to spend, where they want to live, where they want to work, and so on.
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The strongest moral consideration in favor of capitalism is freedom to make choice, the strongest objection is exploitation.
What is capitalism advantages and disadvantages?Economic freedom, consumer choice, and economic progress are all benefits of capitalism. Buyers (people) and sellers make up the market-based economy in which we live (private or corporate-owned companies).The purpose of producing goods and services is to turn a profit, which is then put back into the economy.The free market should be left to choose investments, production, distribution, and decisions; government intervention is only permitted when establishing and enforcing laws or policies that regulate company behaviour.A capitalistic economy requires constant production and consumption to function properly.Capitalists contend that the government does not utilize resources as effectively as the private sector.The majority of the modern world, including the United States, is regarded as having a capitalist economy, but economists are quick to point out that practically every civilization includes some form of socialism.Possibility of a monopoly - Companies having monopolistic power (occurs when one person or company is the sole supplier of a given good) may abuse their position by imposing higher pricing.Inequality - The foundation of a capitalist society is the ability to transfer wealth to succeeding generations. Inequality and social division result if a small number of people control all the wealth, and that wealth is then passed down to the same groups of people.Unemployment and recession - An economy built on a market of consumers and producers will always suffer expansion and contraction.
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nicholai is the director of human resources for a small film production firm. he has a strong personal interest in technology and is known throughout the firm as the one with the most knowledge about new kinds of audio equipment. if the firm decides to upgrade its audio equipment, nicholai will probably function in what role in the firm's buying center?
When a firm decides to upgrade its audio-expansion equipment, the function or the role that is played by the director will be the influencer when it is about the forms buying center.
Who is called an influencer?An influencer is a person who has such a personality or presentation that other people are easily convinced with the point of view of the person who is going to present it.
An influencer is the person who is responsible for growing the company to the point where other companies are jealous and want to reach that level. An influencer is also a public figure.
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every year more than 1 million tons of sand and dust blow from chinese drylands and the gobi and increase the rate of desertification in the direction of beijing.
Every year more than 1 million tons of sand and dust blow from chines' drylands and the Gobi and increase the rate of desertification in the direction of Beijing desert.
What is the primary reason for the Gobi Desert's aridification?Some of the main causes of desertification are deforestation, excessive grazing, and human water consumption.
What effect did the Gobi Desert have on China?The Chinese were kept apart from the rest of the world by these deserts, which served as their borders. However, the Mongols, who were based in the Gobi Desert, frequently attacked Chinese cities in the north. The Great Wall of China was constructed as a defense against these northern invaders for this reason.
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when calculating the total amount of manufacturing overhead to allocate to a particular job, the company would multiply each departmental overhead rate by and then together the allocated amounts from each department.
The company would multiply each departmental overhead rate by and then together the allocated amounts from each department, the actual amount of the plantwide allocation based used by the job; multiply.
Overhead rate
The overhead rate is a cost that is incurred during the manufacturing of a product or service. Overhead expenditures, such as corporate office costs, are expenses that are not directly tied to production. An overhead rate is utilised to direct production expenses in order to allocate overhead costs by spreading or distributing overhead costs based on specific measures. For example, overhead expenses may be applied at a predetermined rate based on the number of machine or human hours necessary for the product.
Divide the indirect costs by direct costs and then multiply by 100 to get the overhead rate. If your overhead rate is 20%, it signifies that your company spends 20% of its sales on manufacturing or providing services. A reduced overhead rate means greater efficiency and profits.
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Which of the following courts have jurisdiction to review local bankruptcy claims?
Federal
Military
Local
State
Federal courts have jurisdiction to review local bankruptcy claims
Only federal courts have jurisdiction over cases concerning bankruptcy on a personal, business, or agricultural level. As a result, no bankruptcy case may be filed in a state court. People or businesses that are unable to pay their obligations have two options: they can file for bankruptcy and request a court-supervised liquidation of their assets, or they can restructure their finances and come up with a strategy to pay off their debts.
Federal courts can only consider things that are specifically permitted by the US Constitution or federal legislation since they only have limited jurisdiction. Only federal courts are qualified to interpret laws, determine their constitutionality, and apply them in particular circumstances.
They decide if a crime was committed and the severity of the punishment. They also provide a calm way for people to resolve personal conflicts that they are unable to resolve on their own. Some disputes or offenses are dealt with in state courts, while others are dealt with in federal courts.
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misha applied for a loan from the bank for a new sporting goods store. the bank requires misha to put up a financial interest in the property of the business to guarantee payment of the debt. what is this called? group of answer choices
As Misha applied for a loan from the bank for a new sporting goods store and the bank requires him to put up a financial interest in the property of the business to guarantee payment of the debt., the financial interest in this case is known as a collateral.
What is a collateral?In finance, a collateral refers to an item of value pledged to secure a loan and often reduces the risk for lenders. The practice is that when a borrower defaults on the loan, the lender can seize the collateral and sell it to recoup its losses. So, some personal assets such as a savings or investment account can be used to secure a collateralized personal loan.
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Mylie's total utility from singing the same song over and over is 50 utils after one repetition, 90 utils after two repetitions, 120 utils after
three repetitions, 140 utils after four repetitions, 100 utils after five repetitions, and 40 utils after six repetitions, as shown in the table
below.
a. Write down her marginal utility for each repetition.
Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in
front of those numbers.
Repetitions
0
1
2
3
4
5
6
Total Utility
0
50
90
120
140
100
40
Marginal Utility
-
b. Once Mylie's total utility begins to decrease, does each additional singing of the song hurt more than the previous song or less than
the previous song?
More than the previous song
Less than the previous song
A). # of Repetitions Total Utility Marginal Utility
0 0 0
1 50 50
2 90 40
3 120 30
4 140 20
5 100 -40
6 40 -60
B). Once Mylie's total utility begins to decrease, then each additional song hurts more than the previous one because she is becoming worse in terms of utility.
What is the marginal utility?Marginal utility refers to the level of satisfaction or benefit that is derived by consuming a product.
The marginal utility of a good or service express how much satisfaction is obtained by the consumers as a result of the increase or decrease in consumption by one unit.
The formula for calculating the marginal utility is:- Marginal utility = total utility difference / quantity of goods difference.
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a typical family on sandy island consumes only juice and cloth. last year, which was the base year, the family spent $ on juice and $ on cloth. in the base year, juice was $ a bottle and cloth was $ a length. this year, juice is $ a bottle and cloth is $ a length. calculate a. the cpi basket. b. the cpi in the current year. c. the inflation rate in the current year.
The inflation rate is 323.08%
Consumption of juice = (family’s spending) / (base year price)
= $18 / $2
= 9 bottles
Consumption of cloth = (family’s spending) / (base year price)
= $8 / $2
= 4 units of length
Current period price of the basket = (9 × $10) + (4 × $5) = $110
Base period price of the basket = (9 × $2) + (4 × $2) = $26
Current CPI = {Current period price of the basket / Base period price of the basket} × 100
= ($110 / $26) × 100
= 423.08 (Answer)
2. Base CPI is assumed to be 100.
Inflation rate in the current year = {(Current CPI – Base CPI) / Base CPI} × 100 = {(423.08 – 100) / 100} × 100
= 323.08
The inflation rate is 323.08%.
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Why does the PRO author begin the article by describing the American Recovery Act?
(A) to illustrate that raising the minimum wage cannot solve the problems for workers if inflation is high
(B) to illustrate that raising the minimum wage is not the only solution to the U.S. worker shortage
(c) to highlight evidence to support the idea that raising the minimum wage would have positive effects
(D) to highlight evidence to support the idea that some laws make it too hard to raise the minimum wage
The reason why the PRO author begin the article by describing the American Recovery Act is that (A) to illustrate that raising the minimum wage cannot solve the problems for workers if inflation is high.
What is American Recovery Act ?American Recovery Act can be described as the act that was signed by president Obama so as to give unprecedented action so that the economy of the united states of America can be stimulated.
It should be noted that the PRO author begin the article with the description of the American Recovery Act to emphasis on the problem wit the minimum wage .
Therefore, option A is correct.
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the north american industry classification system (naics) designates industries with a numerical code in a defined structure. a six-digit coding system is used. the first two digits designate
The north American industry classification system designates industries with a numerical code in a defined structure. a six-digit coding system is used. the first two digits designate an industry subsector
The industry refers to a more specific group of companies or businesses, while the term sector describes a large part of the economy. The terms industry and sector are often used interchangeably to describe groups of companies operating in the same segment of the economy or doing similar types of business.
In the three-sector model of economics, he divides the economy into three sectors of activity. A service industry that exists to facilitate the transportation, distribution, and sale of goods consumed by the extractives (primary), manufacturing (secondary), and secondary sectors. produced (tertiary).
An industry is a group of companies related to a primary activity, such as manufacturing automobiles or selling food. Smaller industries (such as automotive) can be grouped into larger industry sectors (such as manufacturing in general).
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a firm which produces replicas of famous paintings of reputed and great artists has as its target customers: socialites, celebrities, and the hospitality industry. what type of market segmentation is used in this case?
The firm that produces replicas of famous paintings of reputed and great artists has as its target customers which are socialites, celebrities and the hospitality industry is using the type of market segmentation called a benefit segmentation.
What is a market segmentation?In marketing, a market segmentation refers to the marketing strategy that helps to creates subsets of a market based on demographics, needs, priorities, common interests, psychographic data etc to have a better understand the target audience.
Under market segmentation, the benefit segmentation as a branch, involves the categorizing of target audience based on the value they'll receive from your product or service because different customers often seek different value propositions from the same product or service.
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Dane stores begins the year with $30,000 of dvd inventory. It purchases dvds worth $80,000 during the year. The cost of goods sold for the year is $70,000. What is the amount of ending inventory?.
The amount of ending inventory is $40,000.
Ending inventory can be defined as the total value of goods you have available for sale at the end of an accounting period, like the end of your fiscal year. Ending inventory is an inventory accounting method that helps retailers benchmark net income, run accurate stock checks, and obtain financing.
The formula of ending inventory, is:
Total cost of goods available for sale - cost of goods sold = ending inventory
Ending inventory = $30,000 +$80,000-$70,000 = $40,000
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the manager of smith, schroeder, and torn is attempting to understand the root causes of complaints. he has compiled the following list of issues that occurred during problem deliveries: truck broke down, ran out of packing boxes, multiple deliveries in one day caused truck to be late, no furniture pads, employee dropped several items, driver got lost on route to address, ramp into truck was bent, no packing tape, new employee doesn't know how to pack, moving dolly has broken wheel, employee late to work.
Cause-and-effect diagram is:
No furniture pads
Moving dolly broken
Poor training/packing
Employee late to work
What is Cause-and-effect diagram?A cause-effect diagram is a visual tool for logically organizing potential causes for a specific problem or effect by graphically displaying them in increasing detail, implying causal relationships among theories. A popular type is known as a fishbone or Ishikawa diagram. A Cause and Effect Diagram (also known as a Fishbone Diagram or Ishikawa Diagram) is a pictorial representation of a list in which you identify and organize potential causes of problems or factors required to ensure the success of an effort. There are three types of CE Diagrams. The basic type described above is known as Dispersion analysis. The other two types are Production process classification and Cause enumeration.The complete question is:
The manager of Smith, Schroeder, and Torn is attempting to understand the root causes of complaints. He has compiled the following list of issues that occurred during problem deliveries:
truck broke down, ran out of packing boxes, multiple deliveries in one day caused truck to be late, no furniture pads, employee dropped several items, driver got lost on route to address, ramp into truck was bent, no packing tape, new employee doesn't know how to pack, moving dolly has broken wheel, employee late to work.
Organize these causes into a cause-and-effect diagram. Complete the following diagram.
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a plan that focuses on ongoing activities designed to achieve an enduring set of goals is called a . start-up plan single-use plan standing plan rotational plan activation plan
Standing plan is a plan that focuses on ongoing activities designed to gain long lasting set of goals.
A business plan that is meant to be utilized repeatedly is known as a standing plan. It is intended to direct managerial choices and actions that frequently occur. It is employed over an extended length of time, occasionally forever, and is modified as needed. Standing plans typically include rules, regulations, and procedures that specify what to do in specific circumstances or what must be done to achieve a specific goal. Standing plans help the organization coordinate because they promote uniformity and consistency. Because the norms and procedures pertaining to the task have previously been defined, they enable senior employees to reliably assign work to subordinates.
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a research employee at the european metabolic diseases group would have a boss at the company's european research department and a boss at the company's european metabolic diseases product group. this would be in violation of:
If a research employee would have a boss at the company's European research department and a boss at the company's European metabolic diseases product group it would be in violation of unity of command.
Unity of Command can be defined as an operational-level, turn-based strategy wargame. The Unity of Command has a principle states that employees should receive orders and instructions from one boss only. The employee will get confused to whose command should he follow if two (or more) superiors command a worker at the same time.
Unity of Command make a better relationship among superior and subordinates and clear and well-organized Authority, Accountability, and Responsibility.
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If i pay off my entire credit card bill before this date, i do not have to pay interest on the money i have borrowed on my credit card. What is this called?.
It is called a grace period, If you pay off your entire credit card bill before this date, you do not have to pay interest on the money you have borrowed on your credit card.
Credit card interest is an additional charge you pay once you carry a credit card balance. Think of it as a charge you pay to a lender for permitting you to borrow money. Credit card interest matters since this included cost make everything you purchase with a card more costly. The higher your credit card’s APR, and the less you pay toward your adjustment each month, the more credit card intrigues you ultimately pay. Interest as it were kicks in after you don’t pay your explanation and adjust in full by your due date. After each charging cycle, you’ll get an articulation that tells you precisely how much you owe. At that point, your buys are still interest-free. But on the off chance that you don’t pay that sum in full by the due date on your explanation, the unpaid adjustment carries over to another charging cycle, getting to be a spinning adjustment. At that point intrigued is connected to your purchases. Most credit cards offer a grace period that starts on the final day of your charging cycle and closes on your installment due date. On the off chance that you pay off your explanation adjust some time recently your elegance period closes, you won’t be charged intrigued on those buys. Most credit cards permit you to set up auto-pay so simply never miss a payment.
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