Answer:
Explanation:
Startup costs are the expenses incurred during the process of creating a new business.
Pre-opening startup costs include a business plan, research expenses, borrowing costs, and expenses for technology.
Post-opening startup costs include advertising, promotion, and employee expenses.
Different types of business structures—like sole proprietorships, partnerships, and corporations—have different startup costs, so be aware of the different costs associated with your new business.
Now let’s look at the other two forms you collected for the Resource Collection (RC V) (accident report form and emergency form). Where are these forms stored and how is this information shared with colleagues and families?
Open a new Word document, mark the assignment properly as RC V on the left, and then attach the resource form. Write Record Keeping Forms in bold type, centered on the page, on the following line. Make sure to "back-up" all of your resources on your computer's hard disk, a USB drive, or another safe location.
What are record keeping forms?In order to produce copies of the written record for both clients and enterprises, recordkeeping forms are frequently back with self-duplicating paper and preprinted with fields for specific purposes. Payment can be tracked and verified using guest checks and receipt books. Orders for purchases (POs) can be made for both products and services. You can bill a client for services rendered using invoice forms. Bills of Lading (B/L or BoL) can be used in shipping and receiving applications to document the handling and transfer of cargo. To record interactions and activities in business organizations, message pads, HR and payroll forms, and petty cash forms can be employed.
To learn more about record keeping forms, visit:
https://brainly.com/question/17418515
#SPJ9
Which of the following statements is TRUE of project teams?
Multiple Choice
Their membership is mostly based on organizational position and hierarchy.
They are permanent.
They only deal with specific quality, productivity, or service problems.
Their membership is likely to be composed of people from different functional areas.
The statement that is TRUE of the project team is "Their membership is likely to be composed of people from different functional areas". Option D
This is further explained below.
What are project teams?Generally, The project team is the collection of individuals who are accountable for carrying out the activities and generating the deliverables that are outlined in the project plan and schedule in accordance with the directives provided by the project manager.
This is the case regardless of the level of effort or participation that has been defined for them.
In conclusion, The statement that "Their membership is likely to be formed of persons from diverse functional areas" pertains to the project team, and it is accurate to say that the team has members from a variety of functional areas. The D Option
Read more about project teams
https://brainly.com/question/15392304
#SPJ1
3. The game includes some ethical decisions that people living in poverty may have to
make. What is one ethical decision that you encountered in the game? How did you
handle this decision? What are the possible pros and cons of your decision?
Ethical decision-making refers to the process of evaluating and choosing among alternatives in a manner consistent with ethical principl
What are ethical decisions?The process of assessing and selecting among options in a way that is consistent with ethical values is referred to as ethical decision-making. It's important to recognize unethical possibilities, remove them, and choose the most ethical alternative while making ethical judgments.
People will want to buy from you or use your services if they believe you are a good and ethical person. Be honest and fair with those you interact with and that is the reputation you will build for yourself. It can bring you business – when you to create ethical decisions you consider the feelings and requirements of others.
To learn more about ethical decisions refer to:
https://brainly.com/question/9057370
#SPJ13
The graph represents the market for soft drinks. Suppose that one of the industry's major suppliers of soft drinks has decided to exit the market to focus on its snack foods. At the same time, the average price of soft drinks has increased and the total amount of soft drink sales has increased. Manipulate the graph to demonstrate these changes in the market for soft drinks.
Given the recent occurrences explained in the case above, with a significant supplier leaving the market this will trigger a leftward shift in the Aggregate Supply Curve. See further explanation below.
What will the graph of the above scenario look like?When analyzing the market in relation to Demand and Supply, it is pertinent to keep the laws of Demand and Supply in view.
When there is a major change triggered by a lack of raw materials, the exit of a major supplier, a change in technology, etc, on the supply side, this will create a curve that reduces the aggregate supply available while increasing the price. Take note of the equilibrium price and quantity movements from p to p1 and from q to q1.
It is to be noted as well that the recent changes are also reflective of a rightward shift in the demand curve to reflect a sustained increase in the demand for soft drinks.
Consumer spending, investment expenditure, government expenditure, and the gap between exports and imports all contribute to aggregate demand. Whenever one of these aggregate demand variables changes, aggregate demand shifts.
Learn more about the aggregate supply curve:
https://brainly.com/question/14748223
#SPJ1
16. What are the primary functions of business management? a Planning, organizing, controlling b. Strategizing, communicating, planning c. Finance, operations, management -d. Marketing, accounting, human resource management
At its most fundamental level, management is comprised of the five general duties of organizing, staffing, leading, and managing.
Business Management: The term "business management" refers to the control of business operations. Business managers oversee daily operations and encourage maximum productivity from their staff. A manager can aid a corporation in achieving its operational and financial goals by supervising or training new staff.
A business manager is in charge of managing an organization's operations and workforce. They carry out a range of activities, such as implementing business strategy, assessing business performance, and managing people, to guarantee the efficiency and effectiveness of the company.
To learn more about Business Management, visit the following link:
https://brainly.com/question/13724491
#SPJ9
Liam invests $2000 every year for 40 years at 10% interest, which is reinvested as it is earned. After 40 years,
what is the approximate value of Liam's investment?
Answer:
$90,518. 51
Explanation:
We find out the value using compound interest formula:
[tex]Amount= initial \: amount(1 + \frac{\%interest}{100} )^{number \: of \: years} [/tex]
[tex]2000(1 + \frac{10}{100})^{40} = 90518.51114[/tex]
Which option is the best example of a financial emergency?
Answer: Sally has to have emergency surgery and will need to pay extra hospital fees.
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. FEMA P-2142/August 2019. Financial emergencies may include car damage, unemployment, medical treatment, property damage, or family emergencies.
I believe your option choices was
Sally buys a new dress for her cousin’s wedding. isn't an financial emergency because sally dose not need a new dress, and could be planned for in savings.Sally just has to have the newest video game system. isn't an financial emergency because dose not need a new game, that could be planned for in the entertainment part of the bouget. Sally has to have emergency surgery and will need to pay extra hospital fees. IS an financial emergency because sally needs the surgery that was not planned for.Sally really wants to see a new movie the day it comes out and she isn’t sure if she has enough money in her bank account to pay for it. isn't an financial emergency because sally can live without the movie.Answer:
car gas
Explanation:
Writing and face-to-face conversations are two of the most common what of communication? Question 13 options: contexts codes codes modes
Writing and face-to-face conversations are two of the most common styles of communication
This is further explained below.
What is communication?Generally, People who have a communication style that is more direct seek information that is unambiguous and can be put into action without any fluff.
They want everyone else to get straight to the point as fast as they can, and they want to do the same themselves.
People that communicate with others in this manner are often thought of as being forceful or assertive in the way that they interact with other people.
Direct communicators accept the words of the other speaker at face value; they do not examine the message to see whether or not there is an underlying meaning.
They anticipate and accept honesty and frankness from others, and they place a high value on succinct replies that get to the point quickly.
To get more information on various modes of communication,
https://brainly.com/question/22558440
#SPJ1
6. According to the efficient market hypothesis
b)
c)
d)
Stock prices reflect all available information
Today's stock price incorporates the past history of prices
Today's stock price is the best predictor of tomorrow's stock price
All of the above
According to the efficient market hypothesis, today's stock price incorporates past history and is the best predictor
The stock price is the cost to purchase a corporation's stock share. Both an asset's inherent value and market expectations have an impact on a stock's market value. Typically, investors utilize technical and fundamental research to make short-term predictions about stock values. The effective market hypothesis states that shares are traded at fair value, prohibiting investors from selecting a cheap stock now to receive a future premium.
The stock price reflects the known information, which will be correlated with the future price. Thus, it would be able to forecast the effective future price of the stock. The stock price estimation will take into account all available information under the strong form of the efficient market hypothesis. The information available in the past would also be useful in predicting past and present stock prices.
Read more about the efficient market hypothesis on:
brainly.com/question/15075799
#SPJ9
Publishers and printing companies are both involved with books, magazines, and newspapers. One type of company is considered part of the manufacturing section, because it produces the physical product: books, magazines, newspapers, and so on. What sector does publishing belong to, since it does not produce a tangible product (until printing transforms it into one)?
secondary, because it transforms ideas into physical objects
primary, because it makes original content
quaternary, because it involves research
tertiary, because it provides a service
Answer: quaternary, because it involves research!
Barbara Bright is the purchasing agent for West
Valve Company. West Valve sells industrial valves
and fluid control devices. One of the most popular
valves is the Western, which has an annual demand
of 4,000 units. The cost of each valve is $90, and the
inventory carrying cost is estimated to be 10% of
the cost of each valve. Barbara has made a study of
the costs involved in placing an order for any of the
valves that West Valve stocks, and she has concluded
that the average ordering cost is $25 per order.
Furthermore, it takes about two weeks for an
order to arrive from the supplier, and during this
time the demand per week for West valves is approximately
80.
(a) What is the EOQ?
(b) What is the ROP?
(c) What is the average inventory? What is the
annual holding cost?
(d) How many orders per year would be placed?
What is the annual ordering cost?
a. The EOQ of Barbara Bright is 149.07.
b. The ROP is 160.
c. The average inventory is 74.54 and the annual holding cost is 670.82.
d. The orders per year that would be placed is 26.83 and the annual ordering cost is 670.82.
How to illustrate the information?An inventory management strategy called economic order quantity aids in the formulation of effective inventory management choices. It speaks of the ideal quantity of stock that a business should buy to meet demand while lowering holding and storage costs.
Economic Order Quantity = √(2SD/H)
EOQ= (2*4'000*25/(0.1*90))
= 149.07
(b) An exact level at which your stock needs to be restocked is known as a reorder point (ROP). To put it another way, it advises you when to order so that you won't run out of supply.
ROP = 80*2
= 160
(c) Calculating average inventory involves averaging inventory items over two or more accounting periods. Add the inventory counts at the end of each month, then divide the total by the number of months to determine the average inventory throughout a year.
AI= EOQ/2=
149.07/2
=74.54
AHC=C*h*EOQ/2
=90*0.1*149.07/2
=670.82
(d) The annual quantity calculates the number of orders demanded divided by the volume per order. Where, D = Annual quantity demanded. Q = Volume per order.
N=D/EOQ
=4'000/149.07
=26.83
Annual ordering Quantity = N*O
=26.83*25
=670.82
Learn more about economic ordering quantity on:
https://brainly.com/question/26814787
#SPJ1
If you were marketing a new running shoe, what sort of mobile applications might enhance your marketing efforts?
If I am marketing a new running shoe, the sort of mobile applications that might enhance my marketing efforts is Dash and Mopinion.
What is the importance of mobile applications in marketing operation?The importance of mobile applications in marketing operation is that it help to promote the brand of the company as well as help in the promotion of the company product to the potential customers which can help to increase the number of the customers that were patronizing the company and in the long run , the profit that the company were making initially will increase.
For instance one of the mobile application that can help in the marketing operation of a company is referred as Dash , and this help the company to be able to organize and use brand's visual content and this will help the company to known , and as a result of this the promotion job will be possible.
Read more about marketing here:
https://brainly.com/question/25369230
#SPJ1
*100 Points*
Airbus, the European aircraft manufacturer, has strengthened its lead over Boeing for leadership in the global civil aerospace industry by winning more aircraft orders. What is Airbus’s nationality, and what is the most daring venture it is currently undertaking? What is Boeing’s response to Airbus’s global venture?
Answer:
Airbus - Leiden, Netherlands
Ventures - Investing in innovative aerospace start-ups
Explanation:
Although Airbus's head office is in Toulouse, France, its registered headquarters are in Leiden, Netherlands. Currently, Airbus is investing in innovative aerospace start-ups.
What is Airbus?Airbus SE is a multinational aerospace firm based in Europe. Airbus builds aircraft in Europe and several other nations in addition to designing, producing, and marketing civil and military aerospace products globally.
The corporation is divided into three divisions: Commercial Aircraft (Airbus S.A.S.), Defense and Space, and Helicopters. The third segment, measured by revenues and turbine helicopter deliveries, is the largest in its sector. Airbus is the largest airplane maker in the world as of 2019.
The registered headquarters of Airbus is in Leiden, Netherlands, although the actual headquarters are in Toulouse, France. Its corporate name has the letters "SE" to indicate that it is a Societas Europaea, allowing it to be registered as an international organization rather than a national one.
Learn more about Airbus, from:
brainly.com/question/14969478
#SPJ2
Poverty is often described as lacking the financial
resources-money and ability to earn money-to meet a minimum
in a society
When an individual or community lacks the means of subsistence, they are said to be in a state or situation of poverty. Families and individuals living in poverty may lack access to adequate housing, clean water, wholesome food, and medical care.
Both an individual issue and a larger communal issue, poverty is both. Lack of resources necessary for basic survival or to achieve a specific minimal level of living standards is a social condition known as poverty. One of the main factors contributing to poverty in the Pacific is the region's high unemployment rates.
In the Pacific, poverty is an unavoidable natural phenomena that is brought on by a variety of circumstances, including as unemployment, gender inequity, climate change, and health problems.
To know more about poverty, click here:-
https://brainly.com/question/10645433
#SPJ9
eliminating the queue of work dramatically quickes the time it takes a part to flow through the system. What are the disadvantages of removing those queues? How do you think the machine operators would react to the change? What would you do to ensure that the operators were kept busy?
Eliminating the queue reduces product inventory and limits machine capacity to increase productivity if demand increases. Additionally, removing one machine from the process effectively eliminates equipment redundancy and in the event of equipment malfunction of sole remaining machine will result in the interruption of the manufacturing process.
The machine operators would experience anxiety, concern and frustration with the change in processes and job responsibilities.
What would you do to ensure that the operators were kept busy?To ensure that the operators were kept busy, one would cross-train employees so they learn how to multi-task. Employees will need training on the new procedures and latest instruments to fulfil their duties. Exposing the employees to seminars, industrial trainings, workshops, conferences and the like certainly will help in keeping them busy.
Therefore, the correct answer is as given above.
learn more about machine operators: https://brainly.com/question/26092665
#SPJ1
A software company in Barbados is organizing a competition, inviting business ideas that promote the use of smartphone technology to conduct business. You enter your business plan, an initiative to involve unemployed teenagers and young adults from local communities to generate business and employment, and it was so well received that you were awarded a special prize of 50,000 Barbados dollars. You plan on using your prize money to implement your idea.
REQUIRED
a. Identify key decisions you need to make, the information you require to make these key decisions, and the five major business processes you need to engage in. (5 marks)
b. Identify the external parties with whom you would need to exchange information and specify the information you will receive from these parties and the information that you will send to these parties. (5 marks)
The following are some important choices you will need to make in order to put into action the concept of job creation for youths and young adults in their local communities who are currently without work:
Develop a strategy for your company.Find the youngsters and young adults that are now without jobs.Create a spending plan that includes the €5,000 and any other sources of funding you may have.Consult with a financial manager for assistance.Get the company off the ground.You will need to communicate and share information with the following outside parties:
The manager of financial affairsYour partner(s), in the event that you work with wholesalers and retailers.What exactly constitutes a business plan?This refers to the document that a corporation creates that details the aims that the organization has for itself.
A company's aims and the methods by which it intends to attain those goals are laid out in great detail in the document known as the business plan.
A written road map for the company, including its marketing, financial, and operational strategies, is presented in the form of a business plan. Business plans are useful for both newly founded businesses and more established ones.
As a result, we can see that some of the most important choices that need to be made in order to put into action the concept of employment creation for jobless teens and young adults from the areas in which they live are presented above.
You may learn more about business strategies by clicking here:
brainly.com/question/1958071
#SPJ1
One type of voluntary payroll deduction is for:
A. FICA
B. a health savings account
C. Federal withholding
D. State withholding
Answer: a health saving account
Explanation:
Answer: B. a health savings account.
Explanation: Voluntary payroll deductions are amounts of money that employees choose to have deducted from their paychecks for specific purposes. One type of voluntary payroll deduction is for a health savings account (HSA) which is a type of savings account that allows individuals to save money on a pre-tax basis to pay for qualified medical expenses including doctor copays and medication. The money deposited into an HSA is not subject to federal income taxes, social security taxes, or Medicare taxes. This allows employees to save money on healthcare expenses while also reducing their taxable income.
Learn more about health savings accounts here: https://brainly.com/question/32399436.
A company that produces much more revenue and yet still seems to just have difficulty keeping its doors wide open is undoubtedly experiencing a loss. The total cost, which is the total of the fixed cost and the variable cost, is subtracted from the revenue to determine the profit. Though the cost is also high, even if the income is large, the profit will still be poor.
It is a true statement that the total cost which is the total of the fixed cost and the variable cost is subtracted from the revenue to determine the profit and it can massively impact profit level.
What is known as a total cost?In economics, a total cost refers to the sum of all costs incurred by a firm in producing a certain level of output. This cost is typically expressed as the combination of all fixed costs (for instance; the costs of a building lease and heavy machinery that does not change with the quantity of output produced and all variable costs (for instance; the costs of labor and of raw materials which changes with the level of output.
When a fixed costs are not altered, it is likely that the rate of increase of variable costs with increasing output will be progressively greater in the long run, owing to diminishing returns on additional units of output. Therefore, in the long run, the progressively fewer units of output will be yielded by additional inputs of variable costs.
Full question "The total cost, which is the total of the fixed cost and the variable cost, is subtracted from the revenue to determine the profit. Though the cost is also high, even if the income is large, the profit will still be poor. True/False"
Read more about total cost
brainly.com/question/5168855
#SPJ1
Question: The Coca-Cola Company markets the coke brand and manufactures concentrate for sale to regional bottlers. Coke bottlers mix concentrate with sweetener and water to produce the soft drink for supermarkets, restaurants, and other retail outlets. Possible sweeteners include corn syrup and sugar. Owing to federal restrictions against imports, sugar is relatively more expensive in the U.S. than the rest of the world.
Why do U.S. soft drink bottlers use relatively more corn syrup than bottlers elsewhere in the world?
Explain how the following changes would affect a Coke bottler’s demand curve for corn syrup: (i) removal of the federal restrictions against sugar imports; (ii) fall in the price of corn syrup; and (iii) increase in the sales of Pepsi.
How would an increase in Pepsi advertising affect the demand for Coke?
any answers
From the information given, it is correct to imply or infer that U.S. soft drink bottlers use relatively more corn syrup than bottlers elsewhere in the world for two reasons. They are given below.
Why do U.S. soft drink bottlers use relatively more corn syrup than elsewhere in the world?It is correct to infer that the reasons why U.S. soft drink bottlers use relatively more corn syrup than bottlers elsewhere in the world are:
There is an import restriction on sugar which makes it more expensive in the US than in the rest of the world;Corn Syrup is relatively cheap in the US thus giving the US a lot of cost advantage in corn syrup.The explanation of how the removal of federal restriction against sugar necessary will affect Coke's bottler's demand curve for corn syrup will depend on how the price and quality of sugar compared to that of High-Quality Corn Syrup.
If both of them are considered perfect substitutes in terms of cost and quality, then the removal of Federal Restrictions against Sugar imports will lower the cost of sugar, hence contracting the Aggregate demand curve for Corn Syrup hence causing its curve to shift leftward. This will create a new equilibrium in the demand, the supply curve of corn syrup.
If the price of corn syrup falls in relation to sugar, while the price and quantity of sugar supply remain constant, then the demand for corn syrup will move from left to right on the new demand-supply curve.
If an increase in sales of Pepsi occurs, this means that there is a surge in the demand for the end product, this will create put pressure on the corn syrup required for production hence, increasing its demand. Hence, Aggregate demand will shift to the right.
It is to be noted that an increase in Pepsi Advertisements will cause the demand for coke to fall. Advertisements have a way of influencing demand. This is because both Coke and Pepsi are substitutes.
Learn more about the demand for Corn Syrup:
https://brainly.com/question/14853673
#SPJ1
Trade Restriction – Find an example of a current tariff or quota that the U.S. imposed on another country OR find an example of a current tariff or quota that was imposed on the U.S. Tell why the trade restriction was imposed? Example must be within the last 3 years. Note the source.
A trade restriction imposed by the U.S. is the ban of the export of advanced chip technology to China as a form of sanction.
What are trade restrictions?Trade restrictions are various measures put in place by the government of a country to limit the amount of goods that are either exported or imported into a country.
Trade restrictions are implemented for various reasons. Some of which include:
to encourage domestic production to prevent the import of harmful goods and services to sanction a country.A quota is a form of trade restriction where the government limits the quantity of the good that can be imported. A tariff is a form of tax imposed on imported goods. Quotas and tariffs discourage import or export of goods.
To learn more about trade restrictions, please check: https://brainly.com/question/14932851
#SPJ1
Lott Co. had one unit in beginning inventory that cost $6.00. Lott paid cash to purchase two additional inventory items. The first item was purchased at a cost $8.00, and the second at a cost of $10.00. Lott Co. sold two inventory items for $12.00 each, receiving cash. Based on this information alone, indicate whether each of the following items is true or false.
Cost of goods sold would be $16 assuming the weighted average cost flow was used.
Answer:
true
Explanation:
weighted average cost flow is where the total cost of every item bought is divided by the total number of items bought
so in this case, you bought total of 2 items, and total cost was $16.
we don't need to divide 16 by 2 because we sold both items in this scenario question. if we did, then we would have to multiply 8 by 2 because we sold 2 items
therefore, the cost of goods sold would be $16 since you sold both items so the answer is true
a food worker takes a short break.
what must he do before returning to food preperation
Answer: He must wash his hands before returning to preparing food
Explanation: It is important to wash your hands before and after handling food. I hope this helped! :)
They are required to submit detailed reports to government agencies and shareholders
a. Public limited company
b. Private limited company
c. partnership
public limited company
Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each month, as if it uses a periodic inventory system. Assume Oahu Kiki’s records show the following for the month of January. Sales totaled 240 units.
Date Units Unit Cost Total Cost
Beginning Inventory January 1 120 $ 80 $ 9,600
Purchase January 15 380 90 34,200
Purchase January 24 200 110 22,000
Required:
Calculate the number and cost of goods available for sale.
Calculate the number of units in ending inventory.
Calculate the cost of ending inventory and cost of goods sold using the (a) FIFO, (b) LIFO, and (c) weighted average cost methods.
A) The number and cost of goods available for sale are 700 units and $65,800, respectively.
B) The number of units in the ending inventory is 460 units.
C) The cost of ending inventory and cost of goods sold using the following cost methods are:
Ending Inventory Cost of Goods Sold
a) FIFO $45,400 $20,400
b) LIFO $40,200 $25,600
c) weighted average $43,240 $22,560
What is the difference between these inventory costing methods?The FIFO assumes that goods sold first are the first to be in, that is, First-in, First-out.
The LIFO method assumes the opposite of FIFO, that is Last-in, First-out.
The weighted average uses the average cost to determine the cost of goods sold and the cost of ending inventory.
Date Description Units Unit Cost Total Cost
January 1 Beginning Inventory 120 $ 80 $ 9,600
January 15 Purchase 380 90 34,200
January 24 Purchase 200 110 22,000
Total inventory 700 $65,800
Sales of units 240
Ending inventory 460
Average cost per unit = $94 ($65,800/700)
FIFO:Ending inventory = $45,400 (260 x $90 + 200 x $110)
Cost of goods sold = $20,400 ($65,800 - $45,400)
LIFO:Ending inventory = $40,200 (120 x $80 + 340 x $90)
Cost of goods sold = $25,600 ($65,800 - $40,200)
Weighted average:Ending inventory = $43,240 ($94 x 460)
Cost of goods sold = $22,560 ($94 x 240)
Learn more about inventory costing methods at https://brainly.com/question/27788988
#SPJ1
Taxpayers whose only unearned income consists of qualified dividends and capital gain distributions reported to them on the form 1098-fig generally compute the amount of tax on their income using:
Most of the Taxpayers whose only unearned income consists of qualified dividends and capital gain distributions reported to them on the form 1098-generally compute the amount of tax on their income by using the Form 1040-ES.
What Is an Income Tax in business?Basically, an income tax means a type of tax that governments impose on income generated by businesses and individuals within their jurisdiction. As a statutory requirement, all taxpayers must file an income tax return annually to determine their tax obligations.
These Income taxes serves as an important source of revenue for governments because they are used to fund public services, pay government obligations and provide goods for citizens.
By using the Form 1040-ES, a taxpayer will be able to figure and pay their estimated tax. Their estimated tax means a method used to pay tax on income that is not subject to withholding (for example, earnings from self-employment, interest, dividends, rents, alimony etc).
Read more about Income Tax
brainly.com/question/26316390
#SPJ1
King Costume uses a periodic inventory system. The company started the month with 10 masks in its beginning inventory that cost $11 each. During the month, King Costume purchased 59 additional masks for $13 each. At the end of the month, King counted its inventory and found that 7 masks remained unsold. Using the LIFO method, its cost of goods sold for the month is:
Using the LIFO method, King Costume's cost of goods sold for the month is $800.
What is the LIFO method?The Last-in, First-out (LIFO) method is an inventory costing assumption that bases the physical flow of goods sold from the latest production or purchases instead of the first in the store.
The cost of goods sold is the difference between the cost of goods available for sale and the ending inventory for the period.
Description Units Unit Cost Total Cost
Beginning Inventory 10 $11 $110
Purchases 59 $13 $767
Total 69 $877
Ending inventory 7
Units sold 62 (69 - 7)
Ending inventory = $77 (7 x $11)
Cost of goods sold = Cost of goods available for sale - Ending Inventory
= $800 ($877 - $77)
Thus, the ending inventory represents 7 units from the beginning inventory, while the cost of goods sold units are 3 units from the beginning inventory and 59 from the recent purchases, valued at $800.
Learn more about the LIFO method at https://brainly.com/question/10026597
#SPJ1
Inflation that is sudden or unexpected tends to hurt which of these groups of people
most?
A.people who have loaned money to others
B.people who have a steady job
C.people who have borrowed money
D.people who have investments in the stock market
Answer:
your mom
Explanation:
you mom mom o omlmlm
btw D
help please, no rush
Emotions drives the decision-making process for most purchases made by consumers.
A patron is someone or a group who intends to order, or uses purchased items, products, or offerings usually for personal, social, circle of relatives, household and similar wishes, who is not directly associated with entrepreneurial or commercial enterprise activities. A purchaser is the one who purchases the product for his/her personal want and makes use of or consumes it. A client can't resell the good, services or products but can consume it to earn his/her livelihood and self-employment. Definition of customer. The purchaser is the one who's the cease-consumer of any goods or offerings. Clients constitute the higher trophic tiers. Not like producers, they can not make their very own meals.
Learn more about consumers here:https://brainly.com/question/380037
#SPJ1
One of your classmates would like to open a food delivery service in town. This service would allow people to buy lunch or dinner through an app from a list of restaurants. She’s in the early stages of her analysis and she is asking your advice on possible sources of data that she can use. What kind of resources would you direct her to? Why?
Based on the fact that a classmate wants to open a food delivery service in town that would enable customers to make use of an app to make orders for lunch or dinner, the resource I would direct her to is the result of an online survey.
The reason for this is to give her insight on the needs of her potential customers and adjust accordingly.
What is a Survey?This refers to the quantitative analysis that is sent to a group of persons in order to get input from them on different issues or topics that would help them analyze and make decisions.
Hence, we can see that in order to make an accurate analysis of the food delivery system which is in the early stages, the best advice to give to her is to ask her to check the result of an online survey about a related food delivery system.
What this does is give her insight on the needs of her potential customers and adjust accordingly.
Read more about surveys here:
https://brainly.com/question/14610641
#SPJ1
Jonathan received dividend income totaling $3500 this year of this total $600 or qualified dividends $700 were dividends from foreign companies. Jonathan reinvest all his dividends except the dividends from foreign companies. Which of the following statement is correct
Based on dividends that Jonathan received from qualified dividends and from foreign companies, the correct statement is that c)Jonathan will pay capital gains tax rates on $600; the remaining $2,900 will be taxed as ordinary income.
How are dividends taxed?According to American tax law, when a person makes qualified dividends like Jonathan did in the form of $600, the dividends would be subject to taxes for net capital gains so Jonathan would have to pay capital gains tax on these.
The rest of the dividends which are $2,900 are then treated as normal income. These will then be taxed at Jonathan's normal federal tax bracket.
Options for this question include:
a. Only $700 will be taxable since the remaining dividends are reinvested.
b)Dividends from foreign companies can never be qualified dividends.
c)Jonathan will pay capital gains tax rates on $600; the remaining $2,900 will be taxed as ordinary income.
d)All dividends are taxable as ordinary income
Find out more on dividends at https://brainly.com/question/25845157
#SPJ1