Answer: A
Explanation:
What is a market?
A. A system that allows people or companies to buy and sell products and services
B. The number of companies willing to manufacture a specific product
C. The ability to buy production materials in large quantities and save on costs
D. A product's ability to satisfy a consumer
Please select the best answer from the choices provided
ΟΑ
OB
OC
OD
I need help!!! offering brain list
The key principle that we would have here about the contract that has been made would be what is called the Offer and acceptance.
What is a contract?This is the term that is sued to refer to the fact that two people have decided to have an agreement that would enable them to carry out business today. For a contract to exist , there would have to be an offer that has been made which would then be accepted by the other person that is involved.
In the case that we have here, we can see that the manager has not yet executed the contract. Executing the contract would be likened to the fact that he has accepted the conditions that the contract would entail. ]
We can therefore say that the contract is not one that has been valid here. But people or parties would have to be in agreement first for it to be valid. Hence the last option is the correct option.
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Jones Company started the year with no inventory. During the year, it purchased two identical inventory items at different times. The first purchase cost $1,220 and the other, $1,580. Jones sold one of the items during the year.
Required
Based on this information, how much product cost would be allocated to cost of goods sold and ending inventory on the year-end financial statements, assuming use of
FIFO?
LIFO?
Weighted average?
FIFO, LIFO, Weighted average
cost of good sold ....... ...... ...............
ending inventory ........ ........ ....................
spreadsheet form left to right says FIFO, LIFO, Weighted average. up to down cost of good sold , ending inventory. chart needs to be fill with 6 black spots what would the answers be for this question above. where the dots are where the blacks are to fill in the question
I had gotten 1220 1580 1200
1580 1220 1900
would that be the correct answer or did i do something wrong?
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
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Discuss the errors that can be detected through a trial balance. How are they spotted and corrected? Consider a particular type of error and discuss how you would go about correcting the error.
In a double entry accounting system, you can utilize a trial balance to find any mathematical mistakes that may have happened. There shouldn't be any mathematical errors in the ledgers if the total debits and total credits balance out. This is known as a balanced trial balance.
How we can correct and rectify errors of trial balance?Errors can affect both the debit and credit sides of the account, and they must be fixed by making a journal entry to adjust both the debit and credit. A mistake can be fixed by undoing the effects of the incorrect debit and credit entry and re-adding the proper debit and credit input.
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HELP PLS!!!!
Suppose an economy in which the banks keep 20% of the money of depositors and lend the other 80%. If the central bank prints additional notes with total value of $10000, the total amount of mediums of exchange increases in
Answer:
If the reserve ratio is 20% and the banks lend 80%, the total amount of mediums of exchange increases to $50,000.
How does the reserve ratio affect the money supply?A lowered reserve ratio decreases banks' required cash reserves, increasing their ability to extend credit to businesses and consumers.
As banks continue to increase the total currency in circulation through the mechanics of the reserve ratio requirement, the nation's money supply increases and the economy expands.
Required reserve ratio = 20%
Central bank mints = $10,000
Total money supply = $50,000 ($10,000/20%)
Thus, a reserve ratio of 20% increases the money supply from $10,000 to $50,000.
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Why is it important to test sending an electronic résumé before sending it to an employer?
On July 1, Wiggins Associates enters into a contract to provide consulting services to Pennsylvania University (PU). The contract is anticipated to last four months and is intended to achieve significant cost savings at the university. The contract stipulates that PU will pay Wiggins $27,000 at the end of each month, and, if total cost savings reach a specific target, PU will pay an additional $22,000 to Wiggins at the end of the contract. Wiggins estimates a 70% chance that cost savings will reach the target.
Assume that Wiggins estimates variable consideration as the expected value.
a. The preparation of the journal entry on July 31 to record the first month of revenue under the contract is as follows:
Journal Entry:Debit Contract Receivable $27,000
Credit Contract Revenue $27,000
To record the first month's contract revenue.Debit Cash $27,000
Credit Contract Receivable $27,000
To record the receipt on the contract receivable.b. Assuming total cost savings exceed the target, the preparation of the journal entry on October 31 to record receipt of the $22,000 bonus (ignore the normal October payment of $27,000) is as follows:
Journal Entry:Debit Cash $22,000
Credit Contract Bonus $22,000
To record the receipt of a contract bonus.c. No Journal Entry is required.
What is a journal entry?A journal entry is a record of a business transaction as they occur on a daily basis.
Transaction Analysis:a. Contract Receivable $27,000 Contract Revenue $27,000
Cash $27,000 Contract Receivable $27,000
b. Cash $22,000 Contract Bonus $22,000
c. No Journal Entry is Required
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Question Completion:a. Prepare the journal entry on July 31 to record the first month of revenue under the contract.
b. Assuming total cost savings exceed the target, prepare the journal entry, if any, on October 31 to record receipt of the $22,000 bonus (ignore the normal October payment of $27,000).
c. Assuming total cost savings do not reach the target, prepare the journal entry, if any, on October 31 to record failure to receive the $22,000 bonus (ignore the normal October payment of $27,000).
Problem 5-2A Record transactions related to credit sales and contra revenues (LO5-1, 5-2)
Credit sales allow the customer to pay the seller at a later date. Whereas, contra revenue is known to be a deduction from the gross revenue reported by a business.
Credit sales are also known as sales made on the account. Credit sales are sales where the payout is done after delivery of goods with period of time which is thus agreed upon by both parties.
There are the contra revenue accounts which tend to appear near the top of the income statement, it appears as a deduction from gross revenue. A contra revenue tends to carry a debit balance, rather than the credit balance.
Hence, credit sales are purchases which are made by customers for which the payment is delayed.
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Which of these would be counted in the GDP?
Your answer:
O The lumber bought by the lumber yard who then sells it to a furniture manufacturer.
O A tree cut by a woodcutter who sells it to a lumber yard.
O A table made by the manufacturer now sold to a couple in Detroit, Michigan.
O none of the above
A table made by the manufacturer now sold to a couple in Detroit, Michigan would be counted in the GDP.It accounts for all the output produced inside a nation's boundaries
Does GDP count when something is made or sold?
GDP measurement
It accounts for all the output produced inside a nation's boundaries. GDP is made up of products and services generated for market consumption as well as certain nonmarket production, including government-provided defense or educational services.
GDP equals C, G, I, and NX.
C = consumption, or total private consumer spending within an economy, encompassing services, non-durable products (food and clothing), and durable goods (things with a lifespan greater than three years).
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Complete Part 2 of Form 940 based on the following information: (Round your answers to two decimal places, if necessary.) Total payroll for the year $913,590 Payroll to employees in excess of $7,000 $421,930 Employer contributions into employees' 401(k) plans $23,710
5481.54 is the amount for the FUTA tax before adjustment. As Total payroll for the year $913,590 Payroll to employees in excess of $7,000 $421,930 Employer contributions into employees' 401(k) plans $23,710.
What does a tax adjustment mean?Numerous expenses, payments, donations, fees, etc. may be deducted from a taxpayer's gross income. To calculate the adjusted gross income on Form 1040, the adjustments are deducted from the total income.
Income can be modified to account for expenses like college tuition, student loan interest, alimony payments, or retirement account contributions. Your AGI will never be higher than your gross total income reported on the tax return, though it may occasionally be lower. See Schedule 1 of the 1040 instructions PDF for further information.
Thus, 5481.54 is the amount.
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Suppose that the annual interest rate is 4.0 percent in the United States and 2.0 percent in Japan, and that the spot exchange rate is ¥115/$ and the forward exchange rate, with one-year maturity, is ¥110/$. Assume that an arbitrageur can borrow up to $1,000,000 or its equivalent in Japanese yen. If an astute trader finds an arbitrage opportunity, what is the arbitrage profit in dollars in one year? Group of answer choices $25,244 $11,000 $26,364 $1,250
$26,364 is the arbitrage profit in dollars in one year. As an arbitrageur can borrow up to $1,000,000 or its equivalent in Japanese yen. Hence, option C is correct.
What is profit?The term "profit" refers to the monetary gain realized when the income from a commercial operation outweighs the expenses, charges, and taxes related to operating that enterprise.
Profit is the amount of money that remains after all costs, obligations, sources of additional income, and operating costs have been considered. While a company's earnings are referred to by both revenue and profit, a company can generate revenue while yet experiencing a net loss.
Thus, option C is correct.
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Read the article by clicking on the link here and answer the following questions below: https://www.cnbc.com/2022/02/01/after-a-huge-year-for-growth-the-us-economy-is-about-to-slam-into-a-wall.html
1. What is your initial reaction to this article?
2. Why does Jeff Fox think the US economy is “about slamming into a wall”?
3. How would your investment strategy change if the US economy did slam into this “wall”?
4. What is your prediction about the direction the economy will go in during the next few years? Why would you predict that?
The initial reaction to the article about the slowdown in the US economy may be one of reflection and pessimism, given the economic projections.
Why does the author claim that the US economy is "about slamming into a wall"?According to the author of the article, Jeff Cox, the US economy is in a slowdown when compared to the previous year, whose growth was the highest since 1984, with a 5.7% increase in GDP.
The author explains the effects of the spread of the omicron variant of the coronavirus, favors for fiscal stimulus and the expectations of global markets on economists' projections.
A personal investment strategy could change if the US economy hit this wall by investing in government bonds, which could benefit from interest rates arising from rising inflation rates.
Therefore, ome predictions about the direction of the American economy in the coming years is to try to control inflation, increasing the balance of fiscal policy to increase investment in the country.
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Which of the following answer options are ways you can avoid power tool and equipment hazrds in your workplace?
Wear or workplace utilize personal protective equipment (PPE) or apparel that is suitable for the power tool work you are doing, such as gloves, safety boots or shoes, a face shield with safety glasses or goggles, hearing protection, dust masks, or rubber boots.
Employees should take the following general precautions to avoid risks related to the use of workplace power tools: By the rope or hose, never carry a power tool. To remove a cord or hose from a plug, never pull on them. Keep hoses and wires away from sharp edges, heat, and oil. the establishment of a secure workplace. The creation and implementation of safe working procedures.
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What is the difference between coercion and voluntary exchange
Answer:
According to Aquinas, describing an action as voluntary means that it arises from or is consistent with one's inclinations; by contrast, coercion is associated with ideas of violence and the involuntary.
During November Kobe Orr invested $300 in a new pet-sitting business Kobe's Cats.During its first month of operations Kobe's Cats performed services and billed customers $750 paid $150 for advertising and collected $500 from customers.Use the following tabular analysis to determine Kobe's Cats' Cash balance at the end of Novemberimg A)$1050 B)$900 C)$650 D)$350
Using tabular analysis, Kobe's Cats' Cash balance at the end of November is C) $650.
What is a tabular analysis?A tabular analysis is a quantitative analysis that uses a table to determine account balances.
Tabular analyses are also used to show the effects of transactions on the accounting equation and the accounts affected by each transaction.
Tabular analysis comes in handy in place of general ledger accounts in managerial accounting for analyzing accounts by showing data values in columns and rows.
Tabular Analysis:Cash Accounts Common Stock Retained
Receivable Earnings
1. $300 $300
2. $750 $750
3. -150 -150
4. 500 -500
Balance $650 $250 $300 $600
Transaction Analysis:Cash $300 Common Stock $300
Accounts Receivable $750 Service Revenue $750
Advertising Expense $150 Cash $150
Cash $500 Accounts Receivable $500
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I borrow $600 and Paid it off in 5 years, my annual Interest rate 2/0
Whate much is interest Rate
The interest paid for the specified values is $60.
Given,
Loan amount: $600
five years to pay it off.
The interest rate per year is 2%.
The amount of interest due is:
600*2/100*5: $60
An interest rate reveals how costly borrowing is or how profitable saving is. As a result, the amount you pay for borrowing money, stated as a percentage of the total loan amount, is the interest rate if you are a borrower.
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examples of report on how the agency regulates and enforces the protection of the financial markets.
on how the agency regulates and enforces the protection of the financial markets.
examples of reports on how the agency regulates and enforces the protection of the financial markets
The agency controls and enforces the financial markets' protection through the federal and state governments to control and monitor financial markets and corporations.
The agency controls and enforces the financial markets' protection These organizations each have a distinct set of responsibilities and duties that allow them to operate independently of one another while pursuing related goals. Although there are differing views on the effectiveness, efficiency, and even necessity of some of these agencies, each was created with a specific purpose in mind and is likely to remain in existence for a while. In light of this, that follows provides an overview of many of the regulatory agencies that are engaged in the American financial markets.
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The financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions except share data) 2021 2020 Sales $ 9,343 $ 10,434 Net income $ 230 $ 748 Stockholders' equity $ 1,760 $ 2,240 Average Shares outstanding (in millions) 640 - Dividends per share $ 0.33 - Stock price $ 8.10 - Required: Calculate the following ratios for Friendly Fashions in 2021. (Enter your Dividend yield and Price-earning ratio values to 2 decimal places. Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).)
Explanation:
The financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions except share data)
2021
Sales $ 9,343
Net income $ 230
Stockholders' equity $ 1,760
2020
Sales $ 10,434
Net income $ 748
Stockholders' equity $ 2,240
both:
Average Shares outstanding (in millions) 640
Dividends per share $ 0.33
Stock price $ 8.10
Required: Calculate the following ratios for Friendly Fashions in 2021. (Enter your Dividend yield and Price-earning ratio values to 2 decimal places. Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).)
Dividend yield for 2021:
= Dividends per share / share price
= 0.33 / 8.10
= 2.72%
P/E ratio for 2021:
= share price / EPS
= 8.10 / (230/640)
= 22.54 mill
Which of the terms below is NOT an element of Ed Schein's model of organizational culture?
a. Alternatives
b. Values
c. Artifacts
d. Assumptions
Alternatives are NOT a component of Ed Schein's corporate culture paradigm. Ed Schein's organizational culture model consists of three fundamental layers.
A scenario or proposition when there is only room for one choice among two or more options. In the event of inclement weather, we have backup plans. a different justification To get around the traffic, we used an alternate [=different] route. A different strategy for treating the illness is being developed by scientists. When something can be used, had, or done in place of something else, it is referred to as an alternative. Roadway blocked. Please take another path. But there is an alternative strategy. A broad definition of culture includes knowledge, beliefs, the arts, laws, customs, capacities, and habits of the people who belong to these groups in addition to the social behavior, structures, and norms that characterize human societies is called culture. A particular region or location is frequently where culture started or is credited.
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a situation in which an economic gain by one country results in an economic loss by another is called a
A situation in which an economic gain by one country results in an economic loss by another is called a Zero-sum game.
Absolute advantage is the ability of an individual firm region or country to produce a greater amount of goods or services with the same amount of input per unit of time, or the ability to produce the same amount of goods or services per unit of time than the Ability to produce in volume. More input than competitors. An actor's ability to produce more goods or services than his competitors.
Competitive Advantage An actor's ability to produce goods or services at a lower opportunity cost than its competitors. Comparative advantage is an economy's ability to produce a particular good or service at a lower opportunity cost than its counterparties. The theory of comparative advantage introduces opportunity cost as an analytical factor in choosing between different production options. Trade profit is the net profit of an economic entity.
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Materials used by the Instrument Division of XPort Industries are currently purchased from outside suppliers at a cost of $351 per unit. However, the same materials are available from the Components Division. The Components Division has unused capacity and can produce the materials needed by the Instrument Division at a variable cost of $291 per unit.
a. If a transfer price of $319 per unit is established and 25,600 units of materials are transferred, with no reduction in the Components Division's current sales, how much would XPort Industries’ total income from operations increase?
$fill in the blank 1
b. How much would the Instrument Division’s income from operations increase?
$fill in the blank 2
c. How much would the Components Division's income from operations increase?
$fill in the blank 3
Based on the transfer price, the number of units transferred and the variable cost, the increase to the total income from operations is $1,536,000
The increase to the total Instrument Division income from operations will be $819,200
The increase to the Components Division's income would be $716,800
How to find the increase in income?The increase in the total income from operations to XPort Industries can be found by the formula:
= (Price from outside supplier - Price in division) x Number of units of materials that are transferred
= (351 - 291) x 25,600 units
= 60 x 25,600 units
= $1,536,000
The increase to Instrument Division income from operations is:
= (Price from outside supplier - Transfer price) x Number of units of materials that are transferred
= (351 - 319) x 25,600 units
= $819,200
And the increase to Components Division's income is:
= (Transfer cost - Variable cost) x Number of units of materials that are transferred
= (319 - 291) x 25,600 units
= $716,800
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PLEASE HELP
You're thinking $350 is a lot of money for a high school student, and you understand that,
due to inflation, that same jacket would have cost less than $350 in the past. Use the
calculator to determine how much the same jacket, had it been available, would have cost
the year you were born.
Answer: Subtract $350 from the year you were born and theres your answer
Explanation: $350- the year you were born
what is business combination
Answer:
Transaction or other event in which an acquirer (an investor entity) obtain control of one or more business.
Explanation:
if one company purchases another company.
Larry and his wife are planning to take a vacation.
Which payment option would you recommend?
Answer: all of the above
Explanation: if you pay with cash, or a debit card you won't have to rack up any debt and pay interest on it -- interest that will only add to the cost of your trip.
A credit card prevents your bank account from being accessed in case of fraud.
No matter what you do, all the options could work best for you in the end.
i believe your options choices was
pay cash for their vacationput the vacation on their credit card but pay the bill in full each monthuse a debit card for their vacationall of the aboveAnswer:
dont take his wfie
Explanation:
Given acceptable credit utilization is 30%, if you have a credit limit of $1000 -
how much can you comfortably spend to maintain a good credit rating?
O $300
O $333
O $150
O $500
What is the most direct influence on customer Goodwill
Answer:
D
Explanation:
Because it helps companies expand their customer base.
Economic resources are also known as?
What is the Compare and contrast the various business types?
Five common types of business structures
Sole proprietorship.Partnership.Corporation.S corporation.Limited liability company.What are the differences of business types?
Five common types of business structures
Sole proprietorship.Partnership.Corporation.S corporation.Limited liability company.A person who runs an unincorporated business alone is known as a sole proprietor. If you choose to treat a domestic limited liability company (LLC) as a corporation, however, and you are the only member, you are not considered to be a sole owner. A sole proprietorship exists as a kind of business that exist owned and operated by one person and in which there is no legal separation between the owner and the business entity. It is also referred to as a lone trader ship, individual entrepreneurship, or proprietorship. A sole proprietor may hire staff members and does not always work alone.In a partnership, parties who are referred to as business partners agree to work together to further their shared objectives. Individuals, companies, interest-based organizations, schools, governments, or combinations of these may be the partners in a partnership. A partnership is a group of two or more persons who work together to conduct business or engage in commerce. Each individual provides something—cash, goods, labor, or skills—and shares in the company's gains and losses.A corporation is a collection of people or a business that has been given legal status as a single entity by the state and is used for specific legal purposes. Early corporations were created with a charter. Nowadays, the majority of governments permit the establishment of new corporations.To learn more about business types refer to:
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Businesses with a single legal owner are known as sole proprietorships. Partnerships are businesses that have two or more legal owners.
What are the form of business organization compare and contrast?In terms of the number of owners, liability, lifespan, decision-making, and taxation, compare and contrast the three business organization types—sole proprietorship, partnership, and corporation. Businesses with a single legal owner are known as sole proprietorships. Partnerships are businesses that have two or more legal owners.
Sole proprietorships, partnerships, limited liability companies (LLC), and corporations exists the four main types of businesses. Entrepreneurs should carefully consider which kind of business structure is best suited for their enterprise before starting a business.
The fact that co-op and other corporation owners share limited liability is one of the most striking similarities between the two types of corporations.
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When should you write a functional (skills) résumé?
a.
When you work history does not have obvious gaps.
b.
When you are making a career change.
c.
When your most recent job is similar to the one you are applying to.
d.
When you are applying to a very traditional company.
When changing careers, you should use a functional (skills) résumé. A functional resume is a resume format that emphasizes skills over experience.
What are functional skills on a resume?A functional resume's purpose is to draw attention to transferable skills rather than a chronological overview of your work history. Because of these characteristics, it is sometimes referred to as a skills-based resume. Functional skills are competencies that can be applied in a variety of work settings. Creating a list of functional skills that you have and enjoy using can help you focus on positions that will fit your talents and provide you with more satisfaction. Communication Knowledge and ideas are exchanged, conveyed, and expressed. A functional resume, as opposed to a chronological work history, focuses on your skills and experience.To learn more about functional (skills) résumé, refer to:
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Services are "products" in a general sense, but have special characteristics and marketing needs. Select a traditional product brand like Nike or Toyota, then select a service brand like JetBlue or Starbucks. Compare the two. How are the characteristics and marketing needs of the product and service brands similar? How are they different? How are these differences reflected in each brand's marketing strategy?
To compare and contrast two service and product brands let's choose Nike and Starbucks. Marketing needs are similar in the central objective of creating value for the consumer.
Regarding the differences, one can relate the scope of the business and the communication, production and commercialization strategies.
How is each brand's marketing strategy?Nike and Starbucks are two multinational brands with strong market appeal. While Nike seeks a marketing strategy using celebrity endorsements to generate value for its sports products, Starbucks is based on creating value through the consumer experience, with employees being central elements of this process, in addition to the environment aligned with the concept.
Therefore, Nike and Starbucks are large companies with a loyal consumer audience that was conquered with strong marketing appeal and focused strategies to transform the consumer experience positive and aligned with consumer needs.
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