Smith Company purchases $60,000 of inventory during the period and sells $18,000 of it for $30,000. The beginning of the period inventory was $3,000. What is the company's inventory balance to be reported on its balance sheet at year-end?
a) $2,000
b) $45,000
c) $18,000
d) $3,000

The legislation that was passed in 2002 that mandates reporting transparency by businesses in areas ranging from finance to accounting to supply chain activities is the Sarbanes-Oxley Act. This act was passed in response to several high-profile corporate scandals, including Enron and WorldCom, and it aimed to restore investor confidence in the accuracy and reliability of financial reporting. The act established new requirements for public companies, such as independent auditing of financial statements and certification of internal controls.

Additionally, the act created the Public Company Accounting Oversight Board (PCAOB) to oversee the auditing profession and enforce compliance with the act's requirements. The Sarbanes-Oxley Act has had a significant impact on corporate governance and transparency, and it continues to be an important regulatory framework for businesses operating in the United States.

The legislation passed in 2002 that mandates reporting transparency by businesses in areas ranging from finance to accounting to supply chain activities is the Sarbanes-Oxley Act (SOX). This act was enacted in response to major corporate scandals, aiming to protect investors by improving the accuracy and reliability of corporate disclosures. Key provisions of the SOX Act include requirements for management to assess internal controls, increased penalties for fraudulent financial activity, and the establishment of the Public Company Accounting Oversight Board (PCAOB) to oversee the auditing profession. By enforcing these provisions, the Sarbanes-Oxley Act seeks to enhance corporate governance and restore public confidence in the integrity of financial reporting.

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Plant service costs of $65,000 are based on square footage. spring company has identified 500 batches and has 10,000 square feet in their factory. $200.00 is the activity rate for the setup activity cost pool.

Nevertheless, a company can not be allocated for indirect costs such as marketing and employee salaries.

So, the activity rate for the setup activity cost pool = 10,000 / 500

                                                                             = $200.00.

Activity-based costing (ABC) is an aggregate and indirect cost accounting tool for related products. This costing approach considers the relation between the prices, labor operations as well as manufactured goods, and attributes administrative costs less randomly to products than conventional costing approaches.

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Disclaimer: The question is incomplete. Please read below to find the missing content.

Spring Company uses activity-based costing to allocate their overhead costs. Setup costs ot $100,000 are based on number of batches. Plant service costs of $65,000 are based on square footage. Spring Company has identified 500 batches and has 10,000 square feet in their factory. What is the activity rate for the setup activity cost pool. Click the answer you think is right.

A.$6.50

B.$200.00

C.$330.00

D.$16.50

Answer:

B

Explanation:

Got it right on edg 2020

c) Is the best way to achieve greater technological progress.

According to growth accounting studies, investing in research and education is considered the best way to achieve greater technological progress.

Research and education contribute to the accumulation of knowledge and human capital, which are crucial for innovation, technological advancements, and overall economic growth. By investing in research, such as scientific studies and development of new technologies, and education, which enhances human skills and knowledge, societies can foster innovation and drive long-term economic progress. While on-the-job training is valuable, research and education provide a broader foundation for technological progress and are essential for sustained growth.

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Answer:

the  amount in the account after 8 years is $954

Explanation:

The computation of the amount in the account after 8 years is shown below"

Given that

The formula for continuously compound interest is

Amount = Principal e^(rate) (time period)

= $750 × e^(0.03)(8)

= $954

Hence, the  amount in the account after 8 years is $954

The same is to be considered by applying the above formula

The estimated total manufacturing overhead for a company using the high-low method is $76,275

Using the high-low method, we can find the variable manufacturing overhead per machine-hour and the fixed manufacturing overhead.

Let’s calculate the variable manufacturing overhead per machine-hour:

Variable manufacturing overhead per machine-hour = Change in Total Manufacturing Overhead / Change in Machine-hours

= (31,800 - 14,250) / (2,500 - 1,500)

= $17,550 / 1,000

= $17.55.

Variable manufacturing overhead per machine-hour = $17.55.

Let’s calculate the fixed manufacturing overhead:

Fixed manufacturing overhead = Estimated Total Manufacturing Overhead – (Variable Manufacturing Overhead per Machine-Hour x Estimated Total Machine-Hours)

= $49,950 – ($17.55 x 2,500)

= $49,950 – $43,875

Fixed manufacturing overhead = $6,075.

Therefore, the estimated total manufacturing overhead for a company using the high-low method is:

Estimated Total Manufacturing Overhead = Fixed Manufacturing Overhead + (Variable Manufacturing Overhead per Machine-Hour x Estimated Total Machine-Hours)

= $6,075 + ($17.55 x 4,000)

= $6,075 + $70,200.

Estimated Total Manufacturing Overhead = $76,275.

Hence, the estimated total manufacturing overhead for a company using the high-low method is $76,275.

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An investor might offer to purchase a property as-is, neglecting the inspection and the appraisal as part of their negotiation strategy because he wants to avoid the higher appraised price for the property.

Appraisal or valuation is an assessment needed to evaluate a prediction of price-taking clues from all factors driving the real estate markets. When doing an appraisal, a property's price might be affected by certain economic principles:

Principle of anticipation evaluates a property's price based on its future benefits. The value of a property rises based on its anticipated benefits to be gained from a property in the future.

Principle of demand, supply, and desire evaluates a property's price based on the scarcity of a property. The greater the demand of a property is, the higher the value of a property is.

Principle of subtitution sets the value of a property based on the cost of an equally desirable subtitute property. This principle allows appraisal to compare a property's price with its subtitute products.

Principle of Balance estimates a property's vaue based on its cost, added cost, and value it return. The more money invested in a property, the higher its price is.

Principle of Progression allows appraisal to estimates higher price for a property because of the increased perceived value of its location.

Principle of Regression is the opposite of principle of progression. This principle allows appraisal to estimates lower price for a property because of the reduced perceived value of its location.

Investor might avoid higher price for a property by neglecting the appraisal process. This condition might happen if an investor know or expect that a property's price would rises based on the appraisal principles, such as Principle of progression.

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You must decide on a bank and give it the required documentation, such as identification and proof of address, in order to opening an account.

Usually, in order to be eligible, you must be 18 years old. Finally, in order to avoid costs, you might need to fund the account or maintain a minimum level. You will require a government-issued ID, your ID number, and your physical and mailing addresses in order to open an account.

You should read the disclosures before choosing an account so that you are aware of any account fees or minimum balance requirements. Depending on the characteristics you need, such as high interest rates, low minimum balance requirements, no ATM fees, or something else, you can choose the bank or account you desire. You must provide the bank or credit union with paperwork when you open a new bank account so they can confirm your identity.

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Answer:

The focus on traditional financial statements is ACCOUNTING data rather than cash flow.

Free cash flows = (EBIT x (1 - tax rate)] + non-cash expenses (depreciation and amortization) - capital expenditures - increases in net working capital

Explanation:

Cash is KING. A company might b extremely profitable from an accounting point of view, but if it doesn't have enough cash to keep running, it will go bankrupt. E.g. many companies increase their sales revenue by handing out long credit terms to most or all of its customers including some that may not be able to pay them back. That increases accounts receivables and net income, but until the cash is collected, this is useless. The other option that a company has is to factor their accounts receivables but factoring companies are not dumb and they will pay a very low amount for them.

Companies and stocks are always valued based on cash flows, never on accounting records. Accounting records might be deceiving, but cash never lies. Either the company has or doesn't have cash. A company's cash flow tells investors how well managed a company is.

E.g. Remember that during the Great Recession both GM and Chrysler went bankrupt and the government had to bail them out. If you looked at their accounting records of the previous year, they were both profitable, so why did they burst in just a few months? They didn't have cash. Cars and SUVs are useless unless you sell them and collect the cash. Ford didn't go bankrupt because it had billions of dollars in cash, not because they were doing great. Ford was actually the company that performed worst form an accounting point of view. But out of the 3 car companies, it was the only one properly managed. Accounting records are great for the IRS but are meaningless to an investor.

Answer:

Ethos

Explanation:

Ethos is one of the three Aristotle's elements of good communication that is based on credibility. It explains the reason why a listener should believe what you are saying to them.

This can also come as a result of ones position and in the environment where he is communicating or because of his expertise and skills and knowledge in the subject of communication which actually convince the listeners that you are more knowledgeable.

Ken's position as Dexter's trainers makes allows his credibility to Ken.

Answer:

Ethos

Explanation:

Answered it right on edmentum

The branch of economics that examines the economy as a whole is called Macroeconomics.

Macroeconomics studies the function of the entire economy of a nation, group of nations, or the world.

Microeconomics deals with individuals, households, organizations, and businesses as they interact within an economic system.

Thus, the branch of economics that examines the economy as a whole is called Macroeconomics.

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The equity multiplier for 2021 is 2.67 times.

The equity multiplier is a financial ratio that measures the relationship between total assets and stockholders' equity. It indicates the degree of financial leverage or the amount of debt used to finance a company's assets.

To calculate the equity multiplier, we need the total assets and stockholders' equity for 2021. From the given information:

Total assets for 2021 = $6,900 million

Stockholders' equity for 2021 = Common stock + Retained earnings = $2,930 million + $3,970 million = $6,900 million

Using the formula for the equity multiplier:

Equity Multiplier = Total Assets / Stockholders' Equity

Equity Multiplier = $6,900 million / $2,900 million

Equity Multiplier = 2.67 times

Therefore, the equity multiplier for 2021 is 2.67 times. This indicates that the company has utilized debt to finance its assets at a ratio of approximately 2.67 times the stockholders' equity.

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Use the following information to answer this question: Windswept, Incorporated 2021 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $ 10,350 7,800 405 $ 2,145 94 $ 2,051 431 $ 1,620 Cash Accounts received Inventory Total Net fixed assets Total assets Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) 2020 2021 $ 250 $ 280 Accounts payable 1,050 950 Long-term debt 1,910 1,700 Common stock $ 3,210 $ 2.930 Retained earnings 3,420 3,970 $ 6,630 $ 6,900 Total liabilities & equity 2020 $ 1,670 1,040 3,300 620 2021 $ 1,707 1,323 3,000 870 $ 6,630 $ 6,900 What is the equity multiplier for 2021? What is the equity multiplier for 2021? Multiple Choice 1.78 times 2.67 times 2.30 times 3.45 times 132 times

Answer:

C. Place utility

Explanation:

In the context of marketing, Place utility utilities Wandmin most likely provide. Thus the correct option is C.

Marketing refers to the process of identifying and satisfying customer needs and wants through the creation, promotion, distribution, and pricing of products, services, and ideas.

In the given case, it is explained that Bottled water, fresh juices, desserts, and a few snacks are sold in the small convenience stores run by Jackson under the name Wandmin.

Location utility is the value that a company provides by making a good or service accessible to clients in a convenient place. Wandmin is making it convenient for customers by locating its retail locations along hiking routes.

Therefore, option C  Place utility is appropriate.

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Answer:Some examples are poor or falling cash flow from operations (which is often needed to make the interest and principal payments), rising interest rates (if the bonds are floating-rate notes, rising interest rates increase the required interest payments), or changes in the nature of the marketplace that adversely affect

Explanation:

Answer:

Explanation:

A. Family life refers to the relationships and dynamics within a family. It includes factors such as communication, love and support, discipline, and responsibilities within the family.

B. Peace and order refers to the level of stability, security, and safety within a community or society. It is maintained through laws, law enforcement, and social norms.

C. Environmental condition refers to the state of the natural surroundings, including air quality, water quality, and the presence of natural resources. It also includes the impact of human activities on the environment.

D. Politics refers to the systems and processes by which a society is governed, including the formation and exercise of power, decision-making, and the distribution of resources.

E. Economy refers to the production, distribution, and consumption of goods and services within a society. It includes factors such as employment, trade, and the level of wealth within a society.

F. Health refers to the physical and mental well-being of individuals and communities. It includes factors such as access to healthcare, nutrition, and hygiene.

G. Jobs and employment refer to the availability and conditions of work within a society. It includes factors such as the unemployment rate, the types of jobs available, and the wages and benefits offered by employers.

Master Hugh giving Douglass six cents of his wages after he had made six dollars had a negative effect on Douglass. It was a deliberate attempt by Master Hugh to discourage Douglass from trying to earn more money and to maintain his position as a slave.

By giving Douglass a small portion of his wages as a reward, Master Hugh was trying to create a false sense of accomplishment and limit Douglass's ambition. Douglass recognized this tactic and understood that it was a way to keep him in a state of dependency and subservience.Douglass later wrote in his autobiography, "It was a cunning device, (…) to keep the slaveholding class in power. It was intended to make him satisfied with his condition, and to keep him from aspiring to any higher situation in life."In short, Master Hugh's action of giving Douglass a small portion of his wages was a way to maintain control over Douglass and keep him in a state of subservience.

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If the price of cucumbers falls, the marginal utility per dollar of cucumbers will increase, and Jermaine will buy more cucumbers for lettuce.

When the price of cucumbers falls, it means that Jermaine can purchase more cucumbers for the same amount of money. As a result, the marginal utility per dollar of cucumbers increases. Marginal utility refers to the additional satisfaction or benefit derived from consuming one additional unit of a good. When the price of cucumbers falls, Jermaine can now obtain more units of cucumbers, increasing his total utility and the satisfaction he derives from each dollar spent on cucumbers.

As the marginal utility per dollar of cucumbers increases, Jermaine is likely to buy more cucumbers for lettuce. This is because he now perceives cucumbers as a better value for his money compared to lettuce. Given that the price of cucumbers has decreased, Jermaine can allocate more of his budget towards cucumbers, which provide a higher level of satisfaction per dollar spent. Consequently, he may choose to shift his purchasing preferences towards buying more cucumbers and reducing his purchases of lettuce.

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The incorrect statement is Ending inventory does not come from the most recent purchases under LIFO. option C

LIFO is an inventory costing method used in accounting, and it operates on the assumption that the last units purchased or produced are the first ones sold. This means that under LIFO, the cost of goods sold (COGS) is based on the most recent costs, while the ending inventory is composed of the oldest costs.

Option A is correct: LIFO is an assumption about how costs flow. It assumes that the most recent costs flow into the cost of goods sold, while the older costs remain in the ending inventory.

This assumption is based on the idea that in periods of rising prices, the most recently acquired inventory will have higher costs, and those costs should be recognized in the COGS calculation.

Option B is correct: LIFO leaves the oldest costs in ending inventory. Since LIFO assumes that the oldest inventory costs are sold last, it follows that the ending inventory consists of the more recent inventory purchases or production.

Option D is correct: The last units in are assumed to be the first units sold. LIFO operates on the principle that the most recently acquired units are the first to be sold, which means the last units in are assumed to be the first ones out.

Ending inventory does not come from the most recent purchases under LIFO. Instead, LIFO assumes that the cost of goods sold is composed of the most recent purchases or production costs, while the ending inventory comprises the older costs. So Option C is correct.

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The incorrect statement regarding LIFO is that ending inventory comes from the most recent purchases.

The Last-In, First-Out (LIFO) method is an inventory valuation method used in accounting. It assumes that the most recently purchased or produced items are the first ones to be sold or used, while the older items remain in inventory. This method is based on the assumption that the cost of goods sold (COGS) consists of the most recent costs, and the ending inventory consists of the oldest costs.

However, the incorrect statement regarding LIFO is option C) Ending inventory comes from the most recent purchases. In LIFO, the ending inventory consists of the oldest costs, not the most recent purchases. This means that the items remaining in inventory are the ones that were purchased or produced earlier.

LIFO is commonly used in situations where prices are rising because it results in a higher cost of goods sold and lower taxable income. By assuming that the last units purchased are the first ones sold, LIFO matches the higher costs of recent purchases with the revenue generated from sales.

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To check the capability of the measuring system for the melting furnace temperature, I suggest conducting a calibration test using a known reference temperature source.

Explanation:

Calibration is a process that verifies the accuracy and reliability of a measuring system by comparing its readings with a known reference. In this case, a known temperature source, such as a calibrated thermometer or a certified temperature probe, can be used. The reference source should have a higher accuracy and stability compared to the measuring system being tested.

During the calibration test, the reference temperature source should be placed inside the melting furnace in a location that represents the typical temperature distribution. The measuring system's readings should be compared to the reference source readings at various temperature points and across different operating conditions, such as during temperature fluctuations and different heating or cooling rates. This will help identify any systematic errors, biases, or inconsistencies in the measuring system.

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Answer:monopoly

Explanation:

Answer:

Location analysis is a technique for discovering, assessing and specifying the optimal placement of an organization's people, information, activities, and materials.Location models are key in performing location analysis by providing a well-documented common vision of current and desired location arrangements.

A sensory simulation strategy that a laboring client can use as a nonpharmacological strategy for pain management is Aromatherapy.

Aromatherapy serves as an holistic healing treatment, which do make use of natural plant extracts.

This extracts are use to promote health and well-being and relieve pains.

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A boosted post helps an adviser to connect with the audience and gain trust.

Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.

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overestimate the workforce Atlanta with a stopover in Phoenix. 70% of the time, the flight from Detroit and Georgia departs on time, while 80% of the time, the flight from Georgia to Scottsdale does.

A person who is paid to perform for another person or business is an employee. Workers just need to be employed to operate by an employer, or the person or corporation that pays them, in order to be deemed employees they are not required to work full-time.

A salesperson at a retail establishment is just an instance of an employee. The worker is regarded as performing jobs in a prescribed manner since they must, for example, wear name badges and welcome customers inside a particular way.

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Among the options provided, consolidating a subsidiary not previously included in consolidated financial statements is a change in reporting entity.

A change in reporting entity occurs when there is a significant change in the composition or structure of the entity being reported. This can include changes such as mergers, acquisitions, divestitures, consolidations, or the addition or removal of subsidiaries.

Consolidating a subsidiary that was not previously included in consolidated financial statements represents a change in the reporting entity because it alters the scope and consolidation structure of the financial statements. It involves combining the financial information of the newly acquired subsidiary with the financial statements of the parent company.

The other options listed are not changes in reporting entity:

Changing to the full cost method in the extractive industries represents a change in accounting policy for the industry-specific method of recording costs but does not affect the reporting entity itself.

Discontinuing a segment of operations represents a change in the company's business activities or strategy but does not impact the reporting entity as a whole.

Changing from the cost to the equity method is a change in the accounting method for recording investments but does not affect the reporting entity itself.

Therefore, among the options provided, consolidating a subsidiary not previously included in consolidated financial statements is an example of a change in reporting entity.

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Answer: The answer is Dogs

Explanation: Dogs are the best animal because They're not just popular- historically, the symbiotic relationship between dogs and people helped both species survive.

Answer:

(1) Customers rating a new car model on social media - External info

(2) Company info

(3) External info

(4) Company info

Explanation: Company information is basically explaining information abt the product or what it is they're selling. External information is the feedback or in other terms "review" on a companies item. Hope this helped <3

(The #'s are the examples in the boxes starting from left to right btw)

Answer: All supervision activities of RBTs across an organization

Explanation:

A Registered Behavior Technician I someone who that is closely monitored by BCBA when practicing. The RBT is responsible for implementing behavior-analytic services.

RBT Requirements Coordinators are responsible for all supervision activities of RBTs across an organization.

Reuse.

Recycle.

Composting.

recycling energy from solid trash.

For drinks on the go, use a reusable bottle or cup.

Use reusable shopping bags for more than just groceries.

Recycle and make smart purchases.

compost it

Avoid using single-use utensils and containers for meals and drink.

Purchase used stuff and donate your used items.

Recycling protects the environment, boosts our economy, and generates jobs. Sustainable Materials Management (SMM), a strategy that emphasizes the productive and sustainable use of materials over their full life cycle while limiting their environmental impacts, includes recycling as a key component.

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