the acquisition cost of product bcbg1 is 3.74 the net realizable value for the product is 2.44 its normal profit fi .22 and the replacement cost is 2.52 what unit inventory value should be reported for product bcbg1 after applying lcnrv
Answers
The unit inventory value reported for product bcbg1 after applying LCNRV should be 2.44.
LCNRV stands for Lower of Cost or Net Realizable Value. In this case, the net realizable value of the product is 2.44, which is lower than its acquisition cost of 3.74. Therefore, the unit inventory value should be reported as 2.44.
LCNRV is a method used to report inventory at the lower of its cost or net realizable value. Net realizable value is the estimated selling price of the product minus any estimated costs of completion, disposal, and transportation. In this case, the net realizable value for the product is given as 2.44.
Since this value is lower than the acquisition cost of 3.74, the unit inventory value should be reported as 2.44. This ensures that inventory is not overstated and reflects a more conservative approach to valuing inventory.
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Related Questions
Eddie sells furniture and earns 12% commission. This week he sold a couch for $1234, a bedroom suite for $1789, and a chair for $563. (4 pts.)
Answers
Complete question :
Eddie sells furniture and earns 12% commission. This week he sold a couch for $1234, a bedroom suite for $1789, and a chair for $563. Calculate Eddie's commission.
Answer:
$717.20
Explanation:
Given that :
Percentage commission earned on sale = 12%
Cost of items sold this week:
Couch = $1234
Bedroom suite = $1789
Chair = $563
Total cost of items :
($1234 + $1789 + $563) = $3586
Commission of 20% on sales :
20% of $3586
0.2 * $3586
= $717.20
05.02 how can we organize an economy quiz
Answers
Organizing an economy quiz can be an engaging and educational activity.
Here are some steps to help you organize an economy quiz,
Determine the Format,
Decide on the format of the quiz. Will it be a written quiz, a live quiz event, or an online quiz.
Consider the available resources and the audience you want to engage.
Define Quiz Categories,
Identify the key categories or topics you want to cover in the quiz.
Economy quiz, include categories such as,
Macroeconomics, microeconomics, economic theories, economic history, and current economic events.
Prepare Questions,
Develop a set of well-researched and diverse questions for each category.
Ensure that the questions are clear, concise, and cover different difficulty levels to challenge participants.
Determine Scoring System,
Decide on the scoring system for the quiz.
Will you assign points to each question, or will you have different point values for questions based on their difficulty.
Determine the rules for correct answers, partial credit, or penalties for incorrect answers.
Set Quiz Duration,
Determine the duration of the quiz, keeping in mind the number of questions and the available time.
Ensure that participants have enough time to read and answer each question.
Arrange Equipment and Materials,
Depending on the format, gather the necessary equipment and materials.
For a written quiz, you'll need question papers, answer sheets, and pens.
For a live or online quiz, consider using a quiz platform or a presentation tool.
Promote the Quiz,
Advertise and promote the quiz to attract participants.
Utilize social media, email lists, posters, or any other means to reach out to your target audience.
Conduct the Quiz,
On the day of the quiz, ensure that you have a suitable venue or online platform ready.
If it's a live event, set up the space with appropriate audiovisual equipment.
If it's an online quiz, share the necessary instructions and links with participants.
Declare Winners and Provide Feedback,
Evaluate the quiz submissions or participants' answers and determine the winners based on the scoring system.
Provide feedback on the correct answers and explain any misconceptions to enhance participants' understanding of the subject.
Follow-Up and Share Resources,
Share additional resources, reading materials, or websites related to the economy quiz to encourage further learning.
Also, thank participants for their participation and provide them with any relevant follow-up information.
Therefore, by following these steps an engaging and an effectively educational economy quiz can be organized . .
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Which industry is the second-largest employer of teens
and young people?
What percentage of employed teens are employed by
the government?
I got it
is retail trade
and 7%
Answers
Answer:
I. Retail industry
ii. 7%
Explanation:
Retail industry is the second largest employers of teen and young people next to health sector which is the largest employer.
Retailing involves buying goods either from the producers or wholesaler and selling them to the final consumers. Some services are also offered in these retailing such as call center representative, those who work in innovation lab. etc
In the United States, about 7% of teens and young people are in the employment of government , while retail industry is the largest employer of teen and young people because it provides flexibility and also do not involve much academic qualifications.
Example of these retail jobs are those who work in call center, sales representatives and those who works in stores.
Answer:
Retail Trade
7%
Explanation:
Edge 2020
if a drop in aggregate demand causes a recession, then over this range of real output, the aggregate supply curve is multiple choice a. vertical. b. downward sloping. c. upward sloping. d. inelastic.
Answers
Option (c), The aggregate supply curve is typically upward sloping over the range of real output affected by a drop in aggregate demand.
When aggregate demand decreases, there is less demand for goods and services in the economy. This leads to a decrease in the prices of goods and services as businesses compete for a smaller pool of customers. As prices fall, businesses may reduce their production levels in order to maintain profitability.
However, as production levels decrease, the cost of producing goods and services also decreases. This is because businesses may experience lower costs for raw materials, labor, and other inputs. As a result, businesses may be willing to produce more goods and services at lower prices.
The net effect of these changes is that the aggregate supply curve becomes upward-sloping over the range of real output affected by the drop in aggregate demand. In other words, as prices fall, businesses are willing to produce more goods and services, which helps to stabilize the economy and prevent a further decline in output.
It is worth noting that the shape of the aggregate supply curve may vary depending on a variety of factors, including the level of competition in the market, the degree of price stickiness, and the availability of key resources and inputs. However, in general, an upward-sloping aggregate supply curve is a common feature of the economy's response to a drop in aggregate demand.
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A social media marketing campaign is a coordinated social media marketing effort to communicate with a target audience to achieve __________.
Answers
Answer:
A marketing or business goal
Explanation:quizlet.
Required information Self-Study Problem 11-1 (Algo) Special-Order Pricing [The following information applies to the questions displayed below.] HighValu Incorporated manufactures a moderately priced set of lawn furniture (a table and four chairs) that it sells for $260. The company currently manufactures and sells 6,700 sets per year. The manufacturing costs include $92 for direct materials and $52 for direct labor per set. The overhead charge per set is $42, which consists entirely of fixed costs. HighValu is considering a special purchase offer from a large retail firm, which has offered to buy 670 sets per year for three years at a price of $178 per set. HighValu has the available plant capacity to produce the order and expects no other orders or profitable alternative uses of the plant capacity. Part 1 (Algo) Required: 1. What is the total relevant cost per unit to produce the units requested by the retail firm? 2. What is the estimated net effect on annual operating income if HighValu accepts the special sales order?
Answers
Special Order Pricing 1. What is the total relevant cost per unit to produce the units requested by the retail firm?
Solution: The relevant costs are the incremental costs that will be incurred or avoided as a result of accepting or rejecting the special order. The relevant cost of producing the additional units would be the variable cost per unit, which would include only direct materials and direct labor. Variable manufacturing cost per unit
Direct materials per unit= $92
Direct labor per unit= $52
Total variable manufacturing cost per unit
= $92 + $52
= $144 per unit
Thus, the total relevant cost per unit to produce the units requested by the retail firm is $144 per unit.
2. What is the estimated net effect on annual operating income if High Value accepts the special sales order?
Solution: The estimated net effect on annual operating income if High Value accepts the special sales order can be computed as follows:
Total revenue from special order= Units to be sold * Price per unit
= 670 * $178
= $119,260
Total relevant cost to produce special order= Units to be sold * Variable cost per unit
= 670 * $144
= $96,480
Net effect on operating income= Total revenue - Total relevant cost
= $119,260 - $96,480
= $22,780 per year.
Thus, the estimated net effect on annual operating income if High Value accepts the special sales order is $22,780 per year.
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The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter
Answers
The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as
$4.3055
This is further explained below.
What is the APR interest rate?Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.
The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.
Interest rate APR = 12%
Average balance = ((200*5)+(350*15)+(150*10))/30
Average balance = $258.33
Average balance*APR/12
Finance charge =\(\frac{258.33*20 \%}{12 }\)
Finance charge = $4.3055
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Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character from Riverdale
Answers
Answer:veronica
Explanation:
sure
Answer:
yes i love riverdale my fav character is cheryl or betty
Explanation:
Which aspect of diversity can be positive or negative? A (blank) can be negative or a positive.
Answers
Answer:
Positive aspects of diversity is that no one is the same. Everyone is their own person. There is no negative to diversity. It is the people themselves who think negativly of diversity often by discrimination.
Explanation:
i hope this helped and was on point and I'm sorry if it wasn't. I just stumbled on your question...
Answer:
stereotyping
Explanation:
Why is it important to define the objective of a data analytics project?
a. To understand and align the purpose and goal of the data analytics project.
b. To identify stakeholders who need to be consulted during the project.
c. To define the scope of work and range of scenarios to be explored.
d. To identify what data needs to be gathered.
Answers
The objective of a data analytics project is option (d) To identify what data needs to be gathered.
Data analytics is the process of collecting, analyzing, and interpreting large amounts of data to uncover patterns, insights, and trends.
The objective is the specific goal or outcome that the project aims to achieve. Defining the objective is important for several reasons:
Firstly, it helps to understand and align the purpose and goal of the data analytics project. By clearly defining the objective, the team can focus their efforts on achieving a specific outcome and avoid wasting time on irrelevant data.
Lastly, defining the objective helps to identify what data needs to be gathered. Data analytics projects require large amounts of data to be collected and analyzed.
Therefore, the correct choice is (d).
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all three level of professionals are required to run an organization or a business is smoothly classified as a statement
Answers
All three levels of professionals are required to run an organization or a business smoothly. Justify this statement.
Answer:
It is TRUE that All three levels of professionals are required to run an organization or a business smoothly.
The three levels of professional required are:
Top-level management
Middle-level management
Low-level management
Explanation:
Top-Level Management
Top-level managers or professionals are the people that involve in taking an extensive means of actions or decisions for the firm or business as a whole and focus on the long-term success of the business or company. They take up roles such as Chief Operations Officer (COO), ), Chief Financial Officer (CFO), Chief Executive Officer (CEO), etc.
Middle-Level Management
Middle managers or professionals are an essential part of an organization and they are involved in the intermediate management operation whose responsibility involved supervising the lower-level managers to meet the company's goals. For example, they are General managers, branch managers, department managers, etc.
Low-Level Management
Low-level managers or professionals are a core part of organizations, they ensure there is a practical technique and creativity with strong interpersonal skills to maximize particular operational processes to achieve organizational success. For example, they are Office Manager, Shift Supervisor, Store Manager, etc.
Suppose the market demand curve for a Bertrand duopoly is downward-slopping. What happens to the Nash equilibrium price and quantity when the constant marginal cost decreases?
• price
• total quantity
Answers
When the constant marginal cost decreases in a Bertrand duopoly with a downward-sloping market demand curve, the Nash equilibrium price decreases, while the total quantity produced increases.
In a Bertrand duopoly, two firms compete by setting prices for homogeneous goods. The market demand curve represents the relationship between the price and quantity demanded by consumers. When the constant marginal cost decreases, it becomes cheaper for firs to produce each unit of output.
As a result of the lower marginal cost, each firm can now set a lower price to attract customers and gain a larger market share. This leads to intensified price competition between the firms. The downward-sloping demand curve implies that consumers are more willing to purchase larger quantities at lower prices. In response to the lower prices set by the firms, the demand for the product increases, resulting in an expansion of the total quantity demanded in the market.
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What factors, do you think determine how long a product will stay in the product life cycle
Answers
Answer:
I think the production date....
Hope it helps!!!
Which part of an information system is the most critical?
O The system
O The information
O The data
O The knowledge
O The technology
Answers
The most critical part of an information system is the data. Data serves as the foundation of an information system, providing the raw material for generating information and knowledge.
However, it is generally agreed upon that the most critical part of an information system is the data.
Data forms the foundation of an information system and is essential for generating meaningful information and knowledge. Without accurate, reliable, and relevant data, the other components of the information system, such as the system itself, the information derived from the data, and the technology used to process and store the data, would be ineffective.
Here's a breakdown of the s and their relationship to the information system:
- The system: The system refers to the hardware, software, networks, and infrastructure that enable the processing, storage, and retrieval of data. While crucial for the functioning of an information system, the system is a tool that relies on the other components.
- The information: Information is derived from processed and organized data. It provides insights, context, and meaning to support decision-making and problem-solving. However, without accurate and reliable data, the information derived from it would be flawed.
- The knowledge: Knowledge is the understanding and insights gained from information, which can be applied to specific situations. While valuable, knowledge relies on accurate and reliable information as its foundation.
- The technology: Technology refers to the tools, software, and infrastructure used to process and store data and facilitate information flow. While technology enables the functioning of an information system, it is still reliant on the data being processed and the information being generated.
In summary, the data component is considered the most critical in an information system since it forms the basis for generating meaningful information, knowledge, and insights. Without accurate and reliable data, the effectiveness and reliability of the other components would be compromised.
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Explain the role of public relations in developing and maintaining a corporate image.
Answers
By overseeing communication and relationships between an organisation and its stakeholders, public relations plays a critical part in creating and sustaining a company image.
To influence the perception, reputation, and overall image of the business, strategic communication is used. To improve the public's view of the company, public relations experts take part in activities like media relations, crisis management, community involvement, and employee communications. Public relations contributes to the development of trust, credibility, and goodwill among stakeholders by clearly articulating the company's ideals, accomplishments, and social responsibility efforts. It helps build the company's brand, draw in clients, investors, and talent while minimising reputational hazards.
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In JoJo's Bizarre Adventure, Does Jotaro Kujo get his stand, Star Platinum, back?
Answers
It is a false statement that Jotaro Kujo get his Stand Disk "Star Platinum" back.
What is the JoJo's Bizarre Adventure about?In the Adventure, the Star Platinum is a humanoid Stand that resembes a tall and well-built man of similar proportions to Jotaro.
In the colored art, its skin is often a hue between purple, blue, green, and small bits of gold. Its face and body have varying colors.
In the story, after the loss of the Star Platinum, Jolyne finally retrieves Jotaro's Stand Disk but delivers it to the Pigeon named Savage Guardian in episode 12 of the story.
Therefore, It is a false statement that Jotaro Kujo get his Stand Disk "Star Platinum" back.
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Answer:
yes
Explanation:
The CDC for hospitals and healthcare facilities to improve
Answers
The CDC makes investments in infrastructure and healthcare systems to make them secure settings for patient care.
What are the Centers for Disease Control and Prevention?The Centers for Disease Control and Prevention (CDC) is a government organization that carries out and supports health promotion, prevention, and preparedness operations in the United States. The Department of Health and Human Services oversees the CDC, which was founded in 1946.
Access resources and advice to help healthcare facilities plan, function efficiently, and handle surges.
Thus, CDC helps in improving the plans and functions efficiently to handle surges.
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true or false: your driver classification is one of the main factors that affects the premium for your vehicle insurance.
Answers
The statement "your driver classification is one of the main factors that affects the premium for your vehicle insurance." is true Insurance companies consider various factors when determining the cost of insuring a vehicle.
Insurance companies assess the risk associated with insuring a driver based on factors such as age, driving experience, driving record (including accidents and traffic violations), and sometimes gender. These factors are used to determine the likelihood of the driver being involved in an accident or making a claim, which directly influences the insurance premium.
Experienced and responsible drivers with clean records are typically considered lower risk and may receive lower insurance premiums. On the other hand, inexperienced drivers, drivers with a history of accidents or violations, or those in certain high-risk categories may face higher premiums to compensate for the increased risk.
Therefore, your driver classification plays a significant role in determining the premium for your vehicle insurance.
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Cassandra purchased a new car. The car had a list price of $16,870. Cassandra made a down payment of $1,800 and financed the rest, paying 12. 3% interest compounded monthly over a payment period of four years. If Cassandra also had to pay 7. 8% sales tax, a $895 vehicle registration fee, and a $68 documentation fee, what is her monthly payment? a. $446. 74 b. $459. 42 c. $461. 41 d. $507. 9.
Answers
Cassandra's monthly payment for the financing of her new car is b. $459. 42.
Data and Calculations:
List price of Cassandra's car = $16,870
Sales tax (7.8%) = $1,315.86 ($16,870 x 7.8%)
Vehicle Registration Fee = $895
Documentation Fee = $68
Total costs = $19,148.86
Down payment = $1,800
Amount financed after the down payment = $17,348.86 ($19,148.86 - $1,800)
Monthly payment:
N (# of periods) = 48 (4 years x 12 months)
I/Y (Interest per year) = 12.3%
PV (Present Value) = $15,070
FV (Future Value) = $0
Results:
Monthly Payment = $459.42
Sum of all periodic payments = $22,052.24
Total Interest = $4,703.38
Thus, her monthly payment is b.
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An abc system usually blank______ a traditional cost system.
Answers
An abc system usually supplements a traditional cost system.
What is traditional cost system?A traditional cost system is a method used by businesses to allocate manufacturing costs to their products. It typically relies on the use of direct labor and material costs to determine the total cost of production. This cost is then allocated to the various products based on an estimate of the amount of direct labor and materials used in their production.
The traditional costing methodology, which is focused on allocating overhead (or indirect) production expenses, is an accounting technique used to calculate the cost of producing goods to generate a profit. For this system to work, fixed overhead rates must be calculated and then applied to a certain metric.
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Which type of economy is best described by these characteristics?.
Answers
Answer:
Free enterprise is the answer.
Explanation:
What were the alternatives you considered at the time of choice? (Consumer Ed)
Answers
the negative impact of the coronavirus on businesses
Answers
Answer:
UNEMPLOYMENT..
main cause..
(ANSWERED) When should a human resources professional post a job internally?
close
A.
Internal postings are useful when competition for jobs is undesirable.
done
B.
Internal postings are used when existing employees have the right skills.
C.
It is not a good idea to post jobs internally because existing employees don't have new ideas.
D.
The law requires that all jobs be posted internally for 30 days.
ANSWER - B. Internal postings are used when existing employees have the right skills.
Answers
Explanation:
Internal postings are used when existing employees have the right skills.
Which term best describes the business activity that occurs when website visitors buy products or services from you online?
Answers
Answer:
The answer is E-commerce
Explanation:
Nowadays, trade can occur anywhere, in the market or from the corner of your room.
The act of buying and selling goods and services through the internet is known as E-commerce. For example, Amazon. Amazon sells products through internet. Customers visit their website, search for what interests them and pay for it online through credit card or master card or might decide to pay on delivery of the product.
Which choice best describes differences in corporate decision-making
between the United States and the European Union?
A. Workers in the United States are usually more involved in
corporate decision-making.
B. Workers in the European Union are involved less in decisions over
labor.
ternati
C. Workers in the European Union are usually more involved in
corporate decision-making.
D. Workers in the European Union are usually less active in trade
unions.
expand
SUBMIT
Answers
Answer:
C.WORKERS in the European union are usully move involved in corporate decision-makng
Answer: workers in the European Union are usually more involved in corporate decision-making.
Explanation:
A p e x
how might you use your knowledge of taxes to make sound financial decisions?
Answers
Answer: If you know about taxes you can make better financial descisions because most descisions are made thru taxes. Taxes are numbers and stats that allow us to determine whether or not to buy something.
Explanation:
taxes also show how inflated a market is
Which statement best summarizes the relationship between investments and
productivity?
A. Companies with high levels of productivity never need to worry
about investment.
B. Companies use investments to reduce their need for high levels of
productivity.
C. Companies with poor productivity use investments to become
more efficient
D. Companies use investments to reduce the opportunity cost of loy
productivity
SUBMIT
PREVIOUS
Answers
Answer:
The answer is D
Explanation:
companies invest to make money without using high levels of productivity
Suppose, you are the responsible HR Manager for
recruitment and selection in Unilever Bangladesh Limited. You need
to hire six "Sales Trainees". Sales trainees will be trained under
an Area Manage
Answers
Employing sales trainees involves careful strategy and execution. To achieve the best results, a job description, recruitment and selection procedure, and training programme must be clear. The Unilever Bangladesh Limited HR Manager for recruitment and selection must hire sales trainees.
Steps to hire six "Sales Trainees" and train them under an Area Manager:
First, determine sales trainee work duties. This should cover the qualifications, abilities, and competences needed to do the job. This ensures eligible candidates apply. Second, post the job opening. Newspapers, job portals, and social media should host the ad.
The advertisement should include the job title, description, requirements, and application deadline. Third, shortlist individuals by qualifications, abilities, and competencies. Interview shortlisted individuals. Interviewing shortlisted candidates is step four. Senior HR managers, area managers, and other senior staff should interview. Communication, corporate, industry, and customer service skills should be assessed during the interview.
Fifth, verify candidates' references. To verify candidates have an excellent track record and positive reputation in their past employment. Avoiding employing fired candidates requires this step. The Area Manager trains selected candidates in the sixth and final step. Sales training should involve customer service, product understanding, sales strategies, and market analysis.
Finally, employing sales trainees involves careful strategy and execution. To achieve the best results, a job description, recruitment and selection procedure, and training programme must be clear.
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marsha wants to invest her savings in a business. however, she wants to protect all of her personal assets. which type of business ownership would be most appropriate for marsha?
Answers
The best business ownership model for Marsha is Corporation.
Business ownership refers to the management framework for business owner. Business ownership provides the legal control and right over a business. Business ownership might come in several models depend on its liabilities, taxes, and key benefits.
There are 6 types of business ownership model:
Sole proprietorshipPartnershipLimited Liability Company (LLC)Limited Liability Partnership (LLP)Corporation (C-Corporation or S-Corporation)Sole proprietorship is owned by a single person who has full responsibility about the liability of the business. Sole proprietorship does not separate the personal liability of the owner and the business. It is taxed to owner and get no tax benefit. However, sole proprietorship is easy to maintain and has low cost.
Partnership or general partnership is a business with more than one owner without forming a legal business entity. Partnership is simple and taxed to each of its owners. All owners in partnership agree to share in profits, losses, and legal liabilities of the business. Partnership has no limit in their personal liability.
Limited Liability Company (LLC) is a business with limitation on the personal liability of LLC members. Once LLC is registered, it directly becomes an official business entity. LCC ensures that only the company assets can be used to pay of any liabilities. LLC allows ownership of 2 or more members with their own preferences in controls and involvement in the business. LLC has flexible profit distribution but the ownership transfer might be harder than a corporation.
Limited Liability Partnership (LLP) is a registered partnership as a business entity with limited partners' liability. LLP provides the simplicity and passthrough taxation of a partnership. LLP is a common model used by lawyers, accountants, doctors, and wealth managers.
Corporation is a business entity set up by shareholders acting as the owners of the company. Shareholder liability is to the liabilities of company. Shareholders of a company might have varying levels of control and involvement depend on the share proportion they owned. Corporation might come in a form of C-Corporation or S-Corporation depends on each ownership structures.
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