The gross profit earned by the company for each of the four costing methods are: FIFO method: $6,210LIFO method: $8,160Weighted Average method: $5,940Specific Identification method: $5,310.
The solution to the given problem is explained below:
Cost of goods available for sale is calculated as: Beginning Inventory + Purchases
1. FIFO method: In the FIFO method, the first costs purchased are the first costs sold. The cost of goods sold is based on the cost of the earliest units purchased, and the ending inventory is based on the cost of the latest units purchased. The formula used for the FIFO method is:
Cost of Goods Available for Sale: Beginning Inventory + Purchases= $2,600 + $3,960 = $6,560
Cost of Goods Sold:
March 5 Purchase: 220 * $15 = $3,300
March 18 Purchase: 70 * $16 = $1,120
March 25 Purchase: 110 * $17 = $1,870
Total COGS = $6,290
Gross Profit = Sales - COGS= $12,500 - $6,290 = $6,2102.
2 LIFO method: In the LIFO method, the last costs purchased are the first costs sold. The cost of goods sold is based on the cost of the latest units purchased, and the ending inventory is based on the cost of the earliest units purchased. The formula used for the LIFO method is:
Cost of Goods Available for Sale: Beginning Inventory + Purchases= $2,600 + $3,960 = $6,560
Cost of Goods Sold:
March 25 Purchase: 110 * $17 = $1,870
March 18 Purchase: 70 * $16 = $1,120
March 5 Purchase: 90 * $15 = $1,350
Total COGS = $4,340
Gross Profit = Sales - COGS= $12,500 - $4,340 = $8,1603.
3. Weighted Average method: In the Weighted Average method, the cost of goods sold and ending inventory are based on the average cost of all the units purchased. The formula used for the Weighted Average method is:
Cost of Goods Available for Sale: Beginning Inventory + Purchases= $2,600 + $3,960 = $6,560
Cost per Unit = Cost of Goods Available for Sale / Total Units Available for Sale= $6,560 / (90 + 220 + 70 + 110)= $6,560 / 490= $13.33
Cost of Goods Sold: COGS = Total Cost of Goods Available for Sale / Total Units Available for Sale * Units Sold= $6,560 / 490 * 490= $6,560
Gross Profit = Sales - COGS= $12,500 - $6,560 = $5,9404.
4. Specific Identification method: In the Specific Identification method, the cost of each item sold is identified and used in the cost of goods sold calculation. The formula used for the Specific Identification method is:
Cost of Goods Sold: 90 units at $10 = $900220 units at $15 = $3,30070 units at $16 = $1,120110 units at $17 = $1,870
Total COGS = $7,190
Gross Profit = Sales - COGS= $12,500 - $7,190 = $5,310
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Which position in a business manages cash and cash equivalents?
-financial accountant
-controller
-cost accountant
-treasurer
Answer:
Financial Accountant
Explanation:
Differentiate between electricity geyser and gas geyser
Nvidia Where could your company achieve cost reductions in disposal of scrap, surplus, and/or obsolete materials? Give an example
Answer:
None of your business, you're just a peasant who buys my products and you will keep buying 'cause I have monopoly. Peasants have no saying in multi-milion dollar business cost decisions or anything for that matter.
Explanation:
don't take it seriously and I'm not from nvidia just in case they try to sue me
yall anyone give me a mission statement to use please !!!!!
Answer:
need to know what its about?
Explanation:
A
The document shows a personal allowances worksheet.
Personal Allowances Worksheet (Keep for your records.)
A Enter "1" for yourself if no one else can claim you as a dependent.
• You are single and have only one job; or
B Enter "1" it: • You are married, have only one job, and your spouse does not work; or
• Your wages from a second job or your spouse's wages (or the total of both) are $1,500 or less.
с Enter "1" for your spouse. But, you may choose to enter --" if you are married and have either a working spouse or more
than one job. (Entering-0-" may help you avoid having too little tax withheld.) ..
D Enter number of dependents (other than your spouse or yourself) you will claim on your tax return.
This document is part of a
Answer: W-2 form
Explanation:
I’m not for sure but it looks like it
This document is a Personal Allowances Worksheet that helps individuals determine the number of allowances they can claim on their tax return.
What is W- 2 Form ?The worksheet has four sections, labeled A, B, C, and D.
Section A asks individuals to enter "1" if no one else can claim them as a dependent. This applies to individuals who are single and have only one job.
Section B instructs individuals to enter "1" if they are married and have only one job, and their spouse does not work, or if their wages from a second job or their spouse's wages (or the total of both) are $1,500 or less.
Section C asks individuals to enter "1" for their spouse, but they may choose to enter "0" if they are married and have a working spouse or more than one job. This can help individuals avoid having too little tax withheld.
Section D instructs individuals to enter the number of dependents they will claim on their tax return, other than their spouse or themselves.
Overall, the Personal Allowances Worksheet is an important tool for individuals to use when calculating the number of allowances they can claim on their tax return and avoid any potential tax withholding issues.
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A(n) _____ is a program that provides counseling and other help to employees having emotional, physical, or other personal problems
An Employee Assistance is a program that provides counseling and other help to employees having emotional, physical, or other personal problems.
What are the main aims of employee assistance Programmes?The primary goals of employee assistance programs In order to
a) change the company culture;
b) address team and individual performance; and
c) promote workplace well-being.
d) To draw employees' attention to the organizational power structures.
Employee assistance programs, or EAPs, offer short-term, confidential counseling for workers who are experiencing personal issues that are affecting their ability to do their jobs. Industrial alcoholism programs from the 1940s were the precursor to EAPs.
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Which area of intellectual property law did this case address?
copyright
trademark
trade secrets
right of publicity
Answer:
A is correct :)
Explanation:
Answer:A is correct i took the assingment trust me!
Explanation:
When interviewing, you should always try to lean towards the more formal side. In general, you would want to dress one step higher than those who currently work there
Answer: False, it'll be right to appear moderate and coperate
Explanation:
When attending interviews it's advised you put on your best behavior and look good. It won't be encouraging to out-dress the existing workers, it won't speak fantastic to dress better bit it's required to look good and moderate
Hilton Corp. has revenues of $1,214,800, costs of $816,355, and pays a tax rate of 32 percent. If the firm pays out 50 percent of its earnings as dividends every year, what is the amount of retained earnings
Answer:
its $133,471.30
Explanation:
When there is a change in the estimated useful life of a depreciable asset, the accountant would: a. Calculate the change and apply it to all years-restating the previous years' financial statements as needed b. Calculate the change and apply it prospectively-making footnote disclosures if the change materially impacts the financial statements C. Calculate the change and apply it retrospectively-restating the previous years' financial statements as needed d. Calculate the change and record a one-time adjusting journal entry-debiting depreciation expense and crediting accumulated depreciation . A company owns a press that has a book value of $3,450. The asset is sold to a scrap dealer for $1,000 cash. The scrap dealer also gives the company spare parts worth $2,000 that can be used to repair its other fabrication equipment. When recording the entry, the accountant would record: a. A gain of $450 b. A gain of $2,450 C. A loss of $2,450 d. A loss of $450 Regarding a company's cost of capital, which statement is false: a. The cost of capital is the cost a company bears to obtain external financing b. Debt financing is the after-tax cost of borrowing money c. Equity financing is the cost investors expect when purchasing shares of stock d. The cost of capital is critical because it determines which long-term projects are profitable to undertake The average of the cost of debt and equity financing weighted by the proportion of each type of financing is referred to as: The weighted average cost of capital b. The debt to equity ratio c. The quick ratio d. The weighted average of debt to equity financing Goods acquired for use in the production of income are: a. Inventory b. Raw Materials c. Assets d. All of the above Goods held for sale in the normal course of business: Are called Inventory b. Are valued at market unless the historic cost is less c. Are listed as current assets which must be disposed of after 12 months d. Must be counted each month in order to determine the cost of goods sold D. When the seller of merchandise has no idea how many items have been sold and must perform a periodic inventory count to verify what inventory items have sold, we refer to this as: a. An unethical smoothing of financial information b. A perpetual inventory system c. A periodic inventory system d. The basis for a qualified opinion by the external auditor . Maintaining inventory records in the accounting system and recording purchases to an inventory account would indicate a company has: a. Ethical business transactions b. A perpetual inventory system c. A periodic inventory system d. An unqualified opinion from the external auditor Bears R Us Inc. has recently ceased manufacturing product A6745 and replaced it with product A7463 due to technological improvements. Sales of A6745 have dropped considerably in the last quarter. Bears R Us uses a perpetual inventory system. The appropriate accounting treatment would be to: a. Record the cost of remaining A6745 products to an inventory allowance account Dispose of product A6745 and record the cost against comprehensive income in the Equity section of the balance sheet b. Record the difference between the original selling price and the new discounted selling price to a discounts and allowance account using the Gross method d. Write down the inventory value to $0 and give the A6745 products away. LIFO layers are created in ending inventory when: The number of units purchased exceeds the number of units sold b. The number of units sold exceeds the number of units purchased The number of units sold equals the number of units purchased C. d. The number of units purchased less the number of units sold exceeds the marketing forecast for unit sales in the next 12 months. An advantage of LIFO is: a. The ending inventory balance agrees closely with current replacement cost b. There is a matching of current costs with current revenues c. LIFO liquidation can result in greatly decreased tax payments when inventory levels decline Inventory costs usually correspond with the physical flow of goods When considering Lower of Cost or Market, market is generally considered to be: a. The original price paid on the open market for inventory b. The replacement cost of inventory c. The net realizable value of inventory less a normal profit margin The net realizable value of inventory The limit that constrains the market value of inventory such that it does not exceed its net realizable value is called the: a. Replacement cost b. Market C. Floor d. Ceiling
When there is a change in the estimated useful life of a depreciable asset, the accountant would calculate the change and apply it prospectively-making footnote disclosures if the change materially impacts the financial statements. The correct option is B.
Calculation and application of change in estimated useful life of a depreciable asset.The change in the estimated useful life of a depreciable asset can impact the calculation of depreciation and change the amount of depreciation in the books. In the case of a change in the estimated useful life of a depreciable asset, the accountant would calculate the change and apply it prospectively-making footnote disclosures if the change materially impacts the financial statements.Recording the entry for selling an asset.
When an asset is sold, a gain or loss is recorded based on the sale price of the asset. In the given scenario, the press has a book value of $3,450 and is sold for $1,000 cash. The scrap dealer also gives the company spare parts worth $2,000 that can be used to repair its other fabrication equipment. The total proceeds of the sale amount to $3,000 ($1,000 cash + $2,000 worth of spare parts).The loss on the sale of the asset is calculated as follows:Loss on sale of the asset = Book value of the asset - Proceeds from the sale= $3,450 - $3,000= $450. Hence, the accountant would record a loss of $450.The false statement regarding a company's cost of capital is:The cost of capital is the cost a company bears to obtain external financing is a false statement. The correct statement is The cost of capital is the cost of financing a company's operations, including both equity and debt financing.Weighted Average Cost of Capital (WACC)The average of the cost of debt and equity financing weighted by the proportion of each type of financing is referred to as the weighted average cost of capital.Inventory and goods held for sale:Goods acquired for use in the production of income are assets. Goods held for sale in the normal course of business are called inventory. Periodic inventory system. When the seller of merchandise has no idea how many items have been sold and must perform a periodic inventory count to verify what inventory items have sold, we refer to this as a periodic inventory system. A perpetual inventory system, on the other hand, maintains a continuous record of inventory levels.Write down of inventory value Bears R Us Inc. has recently ceased manufacturing product A6745 and replaced it with product A7463 due to technological improvements. Sales of A6745 have dropped considerably in the last quarter. Bears R Us uses a perpetual inventory system. The appropriate accounting treatment would be to record the cost of remaining A6745 products to an inventory allowance account. LIFO layers are created in ending inventory when the number of units sold exceeds the number of units purchased. This results in a reduction of the inventory layers and may affect the cost of goods sold and gross margin of the company. Advantage of LIFO; An advantage of LIFO is that there is a matching of current costs with current revenues.Lower of Cost or Market: When considering Lower of Cost or Market, market is generally considered to be the net realizable value of inventory. This is the selling price of the inventory less the cost of disposal.The limit that constrains the market value of inventory such that it does not exceed its net realizable value is called the ceiling. The correct option is B.
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the final step of the financial planning process is what ryan referred to as a ""post mortem"" or ""autopsy"". this is the stage where you:
Monitoring the plan is the last action. A financial plan will alter in response to life events, just like any other plan does, over time. Having an accountability partner will help you monitor the plan after it is prepared.
The Art of Preparing Financial Statements
Assurance of Receiving Supplier Invoices is the first step.
Verify Step 2 Including the Sending of Client Invoices.
Develop a Backlog of Unpaid Earnings.
Assess Depreciation in Step 4.
Inventory of value is the fifth step.
Publish Account Balances in step 7 after combining bank accounts in step 6 of the process.
8. Review the Accounts.
Financial management's primary goal is increased shareholder wealth. This is the market value of the owner's equity for private companies, whereas the stock price is what it is for public enterprises.
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Max paid $24.05 for 7.4 gallons of gas. he wants to calculate the cost of each gallon of gas. max started his calculations by multiplying the divisor and the dividend by 10. he then set up this division problem: 240.5 divided by 74 how much did max pay for each gallon of gas? $0.0325 $0.325 $3.25 $32.50
Max will pay for each gallon = $ 3.25 ,correct answer is $ 3.25 ,i.e. option C
Max will pay for each gallon of gas :
$240.5 divided by 74 = 3.25
What is divisor and dividend in multiplication?It is defined as the number which is getting divided here is called the dividend. The number which divides a given number is the divisor. And the number which we get as a result is called as the quotient
Simplification of the condition :Based on the given condition let's formulate
24.05 ÷ 7.4
Multiply both the numerator and denominator with the same integer:
= \(\frac{2405}{740}\)
Cross out the common factor: \(\frac{13}{4}\)
Get the result , about how much Max will pay for each gallon of gas = $3.25
How does one do multiplication division?When we divide fractions, we really turn the division problem into a multiplication problem by turning the divisor (the second fraction) the wrong way up (switching its numerator with its denominator) and changing the division sign to a multiplication sign at the present time
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Answer: it is C brain list
Explanation:
i m smart i be work hard to get one
What do fulfillment centers do
Answer:
Fulfillment centers handle the logistics required to get an order to a customer's doorstep, eliminating the need for you to package, address, and ship each order yourself.
Explanation:
Hope this is what you were looking for!!!
Have a nice day
Which is a characteristic of judging approach
Answer:
Clarity and Closure
Explanation
Judgers take a planned, ordered, and precisely calibrated approach to life, developing both short- and long-term plans to assist them in achieving their objectives. For them, schedules and "to-do" lists are consoling. They dislike uncertainty and change, preferring to know what they are getting into instead.
Those that have this preference feel more in control of their surroundings. They are disciplined and resolute, seeking resolution as soon as possible to reduce stress. Judgers struggle with open-ended plans because they have a "work first-play later" mentality. Instead of addressing issues as they arise, they would prefer to devise three distinct backup plans.
Judgers take their obligations and deadlines very seriously, both in business and in life. They are quite particular.
In what year was the EEOC established
O
A. 1970
B. 1930
C. 2007
D. 1965
Answer:
D. 1965
Explanation:
The Civil Rights Act of 1964 is a civil rights and labor law in the United States of America that prohibits discrimination in employment, segregation in schools, and enforces the constitutional voting rights of the citizens.
The Civil Rights Act of 1964 was enacted by the 88th US Congress and signed into law on the 2nd of July, 1964 by President Lyndon B. Johnson.
The Equal Employment Opportunity Commission (EEOC) is a federal agency that was established by US Congress on the 2nd of July, 1965 based on the Civil Rights Act of 1964 so as to uphold and enforce all civil rights law against workplace discrimination by the employers or employees in the United States of America.
Equal Employment Opportunity Commission (EEOC) guidelines asserts that employers of labor wouldn't be held liable for national origin discrimination after implementing an "English-only" rule, if the employer can show that it is necessary for the following;
I. To communicate with customers who can speak English only.
II. To efficiently promote cooperative work assignments among teams (employees).
III. To enhance or facilitate safety during an emergency.
LK LearnKey
Fill-in-the-Blanks
Instructions: While watching Domain 4 Lesson 3, fill in the missing words according to the information presented by the
instructor. [References are found in the brackets.]
1. An operating budget outlines the Funds
Startup Costs]
a business will need to run efficiently. [Operating Budget and
2. An operating budget includes a breakdown of all of a company's fixed and variable monthly costs and operating
expenses such as depreciation and interest on
[Operating Budget and Startup Costs]
to fund a business. [Funding Options and
3. Bootstrapping is where an owner uses their own
Requirements]
4. The Small Business Administration (SBA) makes it easier for small businesses to get loans by reducing
the
for lenders, community development organizations, and other lending institutions. [Funding
Options and Requirements]
1. An operating budget outlines the funds a business will need to run efficiently. [Operating Budget and Startup Costs]
2. An operating budget includes a breakdown of all of a company's fixed and variable monthly costs and operating expenses such as depreciation and interest on loans to fund a business. [Operating Budget and Startup Costs]
3. Bootstrapping is where an owner uses their own funds. [Funding Options and Requirements]
4. The Small Business Administration (SBA) makes it easier for small businesses to get loans by reducing the risk for lenders, community development organizations, and other lending institutions. [Funding Options and Requirements]
An operating budget is a financial plan that describes the anticipated revenue and costs of a company for a given time period, usually one year.
An operating budget is a financial plan that describes the anticipated revenue and costs of a company for a given time period, typically one year. It helps businesses manage resources, make wise financial decisions, and accomplish their objectives.
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Error in amortization schedule 乌ி LO14-3 Nakano Food Products, Inc., acquired a packaging machine from Lawrence Specialists Corporation. - Lawrence completed construction of the machine on January 1, 2022. - In payment for the machine Nakano issued a threeyear installment note to be paid in three equal payments at the end of each year. - The payments include interest at the rate of 10%. - Lawrence made a conceptual error in preparing the amortization schedule, which Nakano failed to discover until 2024. - The error had caused Nakano to understate interest expense by $45,000 in 2022 and $40,000 in 2023. Required: I. Determine which accounts are incorrect as a result of these errors at January 1. 2024, before any adjustments. Explain your answer. (Ignore income taxes.) 2. Prepare a journal entry to correct the error. 3. What other step(s) would be taken in connection with the error?
1. Accounts affected by the errors at January 1, 2024, before any adjustments need to be determined.(2.) A journal entry should be prepared to correct the error.(3.) Additional steps may be required to address the error.
1. Accounts affected by the errors: The errors in the amortization schedule caused Nakano to understate interest expense by $45,000 in 2022 and $40,000 in 2023. As a result, the interest expense account for both years would be understated. The notes payable account would also be affected because the correct amount of interest expense should have been included in the note payable balance. Therefore, at January 1, 2024, before any adjustments, the interest expense and notes payable accounts would be incorrect due to the errors.
2. Journal entry to correct the error: To rectify the errors, a correcting journal entry needs to be made. The entry would involve increasing the interest expense account by $45,000 for 2022 and $40,000 for 2023, as these amounts were previously understated. Additionally, the notes payable account should be adjusted by the same amounts to reflect the correct balances. The journal entry would debit the interest expense account and credit the notes payable account.
3. Other steps in connection with the error: Apart from the journal entry, further steps may be taken to address the error. This may include notifying external parties, such as auditors or stakeholders, about the correction made to the financial statements. It is important to ensure that the corrected financial statements are properly communicated and any necessary disclosures or adjustments are made to prevent future misstatements. Internal controls and review processes may also be evaluated or strengthened to minimize the chances of similar errors occurring in the future.
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Describe the benefit of using and not using credit. Compare the following scenario and tell why it would be better to use credit in one and why it would be better to not use credit in the other. You should have 5 paragraphs, One for each scenario below.
Christmas shopping on a credit card vs cash or not shopping at all
Student loan vs paying for school cash or not going to college
Buying a house on credit/mortgage or cash vs renting
Putting a vacation on credit card or personal loan
Buying a car.on credit or cash or not owning a car
Answer:
1) So christmas shopping should be optional and most of the things in christmas shopping has no benefits for you, it can’t feed you, it can’t pay your rent, its only for your own entertainment so you shouldn’t use credit. If you use credit on useless things that you may end up not using at all, you could fall in debt. If your gonna go christmas shopping, try to not use credit, if your gonna use credit you have to consider if your gonna be able to pay this back or not. Using cash would be the best way becuase you have a limited amount of cash and you would be more careful spending it. With credit, you would be less considerate due to you having a lot of money all at once and some people fail to consider that they would have to pay back the cash they spent on the credit card. So not shopping at all should put you in the safe.
2) A student loan is usually alot. You should use credit becuase sometimes you don’t have the cash right away. If you graduate college with a degree, you cold get a job in the area you got a degree from. If successful and your careful about your spending, you should be able to pay back your student loan. Going to college and using credit is definitely the better answer here since a lot of jobs that can make you a living and could be used to pay back the student loan require a college degree. If you don;t go to college, sure you don’t have to pay back anything but you would be stuck with a very low income job and sometimes you would be barley making a living. The chances of a better job decreases if you don’t go to college since most jobs are looking for a special degree or at least a college degree.
3) Renting would be the best choice using cash. If your gonna get a house, you have to consider your income. If your income is low, a house is not a old choice. If a house is more expensive, a mortgage would be better since the interest is a one way (most of the time) but a credit has monthly intresest so the interest totaled up on an expensive house would be a lot. On a cheaper house its vice versa. If you have a low income job just rent with cash, renting would be best. Your most likely gonna live in a house forever but if you have to move somewhere, you’d have to sell it and do a bunch of confusing stuff and maybe get in even more debt, if you rent, you can move easily if you have to move somewhere closre to your work.
4) Vacation should be put on a personal loan. If your gonna go on vacation, don’t use credit. A vacation isn’t mandatory, you can go whenever you want. Juse becuase your friends are going to Hawaii, you don’t have to. If you have enough money, sure go for it, but you have to consider what you will do there and how big of a toll this could have your personal savings account. Like for example, lets say a plane ticket cost about 600 dollars. A hotel for a week stay would be about 100 dollars per night and that would be 700 dollars. Lets set aside 200 for entertainment and food. You would be rounding up to 1500 dollars just for a week in Hawaii and that’s just estimated (and probably the least amount).
5) Now for a car it really depends on what your job is and how far your job is. The best option I think would be buying a car with cash (if you have), credit (if you think you can pay it back). So if your job is like 10 miles away, a car would be the best since the subway or busses would take a long time and sometimes could not be consistent. A car would be faster and more reliable. If your job starts at 8am and using public transportation, it takes about an hour to get there. You leave at 7 am and the bus or train arrives 30 minutes late, your late for work and if it happens mulitple times, you could get fired. WIth a car its almost a 100 percent garuntee you wouldn’t be late and it’s faster. You’d keep your job and be able to pay off your Car if credit or just gain your money back if you used cash. If your job is next door, a car is useless but a car offers transportation. If you use like public transportation to go somewhere fun, it is cheap, bit with a car, you’d have to worry about gas prices and you’d have to pay a lot of attention. So it really depends on location.
why would the community benefit from businesses acting ethically
Answer:
because community have a lot nice nickname in it . we have a clean nice community
With the help of online research, write a short report on “glocalization.”
The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.
To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.
It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.
By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.
The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.
Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).
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Next → Post Test: Electronic Correspondence and Digital Media
16
customers.
Select the correct answer from the drop-down menu.
A furniture store has uploaded pictures of its products to advertise them on its social networking page. What is the purpose of this post?
The purpose of this post is to
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Next
Reader
The purpose of the post by the furniture store which uploaded pictures of its products to advertise them on its social networking page is to advertise their products.
Why do companies upload product photos to social media?The reasons why a company such as the furniture store would upload the photos of its products to their social media page is to advertise them.
Social media has access to a lot of people and so when the furniture store uploads pictures, it leads to more people learning about their products.
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Answer:
The answer is Persuade I got it right on the test.
Carolyn bought 200 shares of stock at $30 per share ($6,000 total). She paid $3,000 in cash and borrowed $3,000 from the brokerage firm. The loan has an annual interest rate of 5 percent. Six months later, she sold the stock for $40 per share. Carolyn paid a commission of $120 and repaid the loan. Her net profit was $
Carolyn's net profit from her investment was $1,805.
Data and Calculations:Investment in 200 shares at $30 per share = $6,000
Loan from brokerage firm = $3,000
Annual interest rate = 5%
Interest expense for 6 months = $75 ($3,000 x 5% x 6/12)
Proceeds from the sale of the investment = $8,000 ($40 x 200)
Commission to brokerage firm = $120
The Gross profit from the sale of the investment = $2,000 ($8,000 - $6,000)
The Net profit from the investment = $1,805 ($2,000 - $75 - $120).
Thus, Carolyn's net profit from her investment was $1,805.
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Deecee Co. adjusted its historical cost income statement by applying specific price indexes to its depreciation expense and cost of goods sold. Deecee's adjusted income statement is prepared according to
Answer: Current cost accounting
Explanation:
From the question, we are informed that Deecee Co. adjusted its historical cost income statement by applying specific price indexes to its depreciation expense and cost of goods sold.
This shows that Deecee's adjusted income statement is prepared according to current cost accounting. Under current cost accounting, it should be noted that it is possible to use specific price indexes to restate the financial statements items.
According to the environment industry organization for model cell 2 represents which of these environments
It should be noted that in the environment industry organization model, cell 2 simply means B. Complex stable environment.
The business or industry environment simply means the environment where an organization operates. It includes the customers, partners, suppliers, etc.
In the environment industry organization model, cell 2 simply means the complex stable environment.
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Why is seed financing very risky? a.The PEI deals with the banking system in this phase. b. Projects you will only find only successful ones. c.In order to find a successful project, the PEI will have lost a lot of money on other losing projects.
The correct answer is option C that is in order to find a successful project, the PEI will have lost a lot of money on other losing projects.
Seed Financing is one of the steps in raising a successful startup into a company or brand. It is the initial step, and it involves the process of capital raising. It is also known as Seed funding, seed capital or seed money. It is quite informal as compared to the other forms of financing such as venture capital. This financing technique is done to support the initial finance building of any startup or company. For example, the elements from seed financing can be used in research purposes, development of prototypes, operational expenses and even in legal matters. Since it involves investment in the early stage it is considered as the riskiest as no one knows whether the company will flourish or sink.
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In terms of their likely product life cycles, detox tea, unicorn-themed clothing, and beard oil are best categorized as being ________ products.
The given scenario is best categorized as:
Fad productsWhat is a Fad?This refers to a trending thing which is usually associated with a particular group of people where they make use of similar items.
With this in mind, we can see that when using product life cycles, and detox tea, unicorn-themed products are used, then this is most likely an example of fad products.
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what does NBT stand for?
For Life Orientation
Demystifying the NBTs | National Benchmark Test Project.
The NBT stands for National Benchmark Test.
What is NBT (National Benchmark Test)?NBT stands for National Benchmark Test. This is an examination set up by the National Benchmark Test Project The NBT test is a set of tests used to assess a learner’s academic literacy, general knowledge, and mathematical skill in an effort to measure academic readiness for university.
The NBT tests were implemented in 2008 and are managed by the Alternative Admissions Research Project at the University of Cape Town. NBT results are used by many universities as an extra admission criterion for applicants to their institutions.
They serve to complement and support, rather than replace or duplicate NSC results. The National Benchmark Tests (NBTs) is known to be a kind of assessment test that is given to first-year applicants to higher education.
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Which of the following best defines managing for a food and beverage operation?
a. establishing long-term goals for the operation
b. using resources to meet organizational goals
c. developing rules and procedures for all employees
d. overseeing every activity that occurs at the property
b. using resources to meet organizational goals
Managing for a food and beverage operation involves utilizing resources effectively and efficiently to achieve the organizational goals of the operation.
This includes overseeing various aspects such as financial resources, human resources, inventory management, customer service, marketing, and operations.
The primary focus is on coordinating and directing these resources to ensure the smooth functioning of the operation and to achieve desired outcomes, such as profitability, customer satisfaction, and operational excellence.
While elements of long-term goal setting, developing rules and procedures, and overseeing activities may be part of managing a food and beverage operation, the most comprehensive and encompassing definition is using resources to meet organizational goals.
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1. If $9.000 is invested at an annual
rate of 11%
continuously compounded,
determine the value
of the investment at the end of 14
years. Round up your reply to the
nearest penny. do not include sign
ofdollar ($) or comma (.) in your
reply. Example:
16288 95
2. Determine the present value of
$80.000 if the
interest is paid at an annual rate of
1.0%
compounddaily for 5 years. Round
up your
reply to the nearest penny. do not
include
sign ofdollar ($) or comma (.) in
your reply. Example:
16288.95
The present value of $80,000 with daily compounding
1. To determine the value of the investment at the end of 14 years with continuous compounding, we can use the formula:
2. To determine the present value of $80,000 with daily compounding at an annual interest rate of 1%, we can use the formula for present value:
A = P * e^(rt)
Where:
A = Final amount
P = Principal amount (initial investment)
e = Euler's number (approximately 2.71828)
r = Annual interest rate (in decimal form)
t = Time in years
Plugging in the values into the formula, we have:
A = $9,000 * e^(0.11 * 14)
A ≈ $9,000 * e^(1.54)
A ≈ $9,000 * 4.678007092
A ≈ $42,102.06 (rounded to the nearest penny)
Therefore, the value of the investment at the end of 14 years, with continuous compounding at an annual interest rate of 11%, is approximately $42,102.06.
2. To determine the present value of $80,000 with daily compounding at an annual interest rate of 1%, we can use the formula for present value:
P = A / (1 + r/n)^(nt)
Where:
P = Present value
A = Final amount (in this case, $80,000)
r = Annual interest rate (in decimal form)
n = Number of compounding periods per year (365 for daily compounding)
t = Time in years
Plugging in the values into the formula, we have:
P = $80,000 / (1 + 0.01/365)^(365*5)
P = $80,000 / (1 + 0.000027397)^(1825)
P ≈ $80,000 / 1.0150324
P ≈ $78,918.37
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What Came first, the color orange or the fruit?
The citrus definitely got named first. The earliest recorded use of orange the fruit in English is from the 1300s and came to us from the Old French orenge, adapted from the Arabic nāranj, from the Persian nārang, from the Sanskrit nāranga (“orange tree”)
Answer:
the fruit
Explanation:
The citrus definitely got named first. The earliest recorded use of orange the fruit in English is from the 1300s