Alpha Electronics manufactures and sells a line of music. Unfortunately, Alpha Electronics suffered serious fire damage at its home office. As a result, the accounting records for October were partially destroyed and completely jumbled. Alpha Electronics has hired you to help figure out the missing pieces of the accounting puzzle. Assume that the Raw Materials Inventory contains only direct materials. (Click the icon to view the amounts. ) Requirement Find the following amounts: a. Cost of Goods Sold in October b. Beginning Raw Materials Inventory c. Ending Finished Goods Inventory a. Find the cost of Goods Sold in October. Determine the cost of Goods Sold in October by completing the following table. 27,600 15,500 Cost of goods sold 12,100 (2) Gross Profit b. Find the beginning Raw Materials Inventory. Determine the beginning Raw Materials Inventory by completing the following table. Beginning raw materials inventory (3) Materials available for use (5) c. Find the Ending Finished Goods Inventory Before we can determine the missing amount for ending Finished Goods Inventory, we will first need to calculate the cost of Goods Manufactured. (Complete all answer boxes. For accounts with a $0 balance, make sure to enter "o" in the appropriate column) (9) Total manufacturing costs to account for (10) Cost of goods manufactured Now determine the Ending Finished Goods Inventory (12) Cost of goods available for sale Ending finished goods inventory (13) Revenues in October. $ 27,600 Work in process inventory, October 31. $ 1,300 Raw materials inventory, October 31. $ 3,600 Direct labor in October. $ 3,100 Manufacturing overhead in October. $ 6,200 Work in process inventory, October 1. $ 0 Finished goods inventory, October 1. $ 4,200 Direct materials used in October. $ 8,300 Gross profit in October. $ 12,100 Purchases of direct materials in October. $ 9,000 3. Alpha Electronics manufactures and sells a line of music. Unfortunately, Alpha Electronics suffered serious fire damage at its home office. As a result, the accounting records for October were partially destroyed and completely jumbled. Alpha Electronics has hired you to help figure out the missing pieces of the accounting puzzle. Assume that the Raw Materials Inventory contains only direct materials (Click the icon to view the amounts. ) Requirement Find the following amounts: a. Cost of Goods Sold in October b. Beginning Raw Materials Inventory c. Ending Finished Goods Inventory a. Find the cost of Goods Sold in October. Determine the cost of Goods Sold in October by completing the following table. (1) Cost of goods sold b. Find the beginning Raw Materials Inventory. Determine the beginning Raw Materials Inventory by completing the following table. Beginning raw materials inventory (3) Materials available for use (5)

Answers

Answer 1

October's cost of goods sold is $12,100.

initial raw material stock is $2,900.

Eliminating the stock of finished items is $5,000.

How is inventory of items calculated?

a. cost of goods sold in October calculated      

Revenue                   $27,600    

Cost of goods sold  $15,500 (27600-12100)

Gross profit           $12,100    

Consequently, the cost of products sold in October was $12,100.    

b. beginning inventory of raw materials calculation    

Raw material inventory at the start        $2,900   11900-9000

Add: acquisitions of raw materials   $9,000    

Materials at your disposal                    $11,900 8300+3600

Less: reducing the stock of raw materials $3,600    

Direct substance utilized                       $8,300    

Consequently, starting raw material inventory is $2,900.    

c. Ending finished products inventory calculation

starting the inventory of work in progress $0    

Plus: Expended manufacturing costs      

materials used directly $8,300    

Direct labor costs $3,100    

Manufacturing overhead $6,200    

total production expenses to be considered  $17,600    

Less: work in progress inventory is completed   $1,300    

Cost of producing products           $16,300    

d. Find the remaining finished items inventory now.    

starting finished goods stock $4,200    

Add: Cost of producing products         $16,300    

whole price of the things that are for sale $20,500    

Less: reducing the stock of finished items $5,000 20500-15500

Cost of goods sold                 $15,500    

A $5,000 ending completed goods inventory results from this.

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Related Questions

suppose that you wish to have $20,000 saved by the end of six years. and suppose you deposit funds today in an account that pays 3% interest, compounded annually. how much you deposit to meet your goal today?

Answers

You would need to deposit $16,791.90 today to have $20,000 at the end of six years at a 3% annual interest rate compounded annually.

To calculate how much you need to deposit today to have $20,000 at the end of six years, we can use the formula for compound interest:

A = P(1 + r/n)^(nt)

Where:

A = the future value of the investment (which is $20,000 in this case)

P = the principal (the amount to be invested)

r = the annual interest rate (3%)

n = the number of times the interest is compounded in a year (once a year, in this case)

t = the number of years (six, in this case)

Plugging in the numbers, we get:

20,000 = P(1 + 0.03/1)^(1*6)

Simplifying the equation, we get:

20,000 = P(1.191)

Dividing both sides by 1.191, we get:

P = $16,791.90

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The account used to summarize the owner's equity in a business is called capital.True or False

Answers

The account balance is the difference between an account's increases and decreases. A capital account is a type of account used to list a business owner's equity.

For owner's equity, which account is used?

The capital account for the owner or the partners in a partnership or sole proprietorship on the balance sheet represents the value of equity. The owner or partners' withdrawals from the business during that accounting period are also shown on the balance sheet.

Owner's equity—is it a capital asset?

Because owner's equity is technically an asset of the business owner and not the actual business. The company's assets are valuable possessions. Owner's equity is more of a risk to the company.

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c. how big is the surplus or shortage at $3.40? there is a (click to select) of thousand bushels. how big is the surplus or shortage at $4.90? there is a (click to select) of thousand bushels. how big a surplus or shortage results if the price is 60 cents higher than the equilibrium price? there is a (click to select) of thousand bushels how big a surplus or shortage results if the price is 30 cents lower than the equilibrium price? there is a (click to select) of thousand bushels

Answers

13000 bushels of wheat are in low supply, and they are worth $3.40 each. There are 21,000 bushels of wheat in the surplus, valued at $4.90. The surplus is 14000 bushels of wheat at a price 60 cents over the equilibrium price.

What price does a bushel have neither a scarcity nor a surplus?

When the quantity provided (Qs) is exactly equal to the quantity requested (Qi), there is no shortage or surplus in the market, and an equilibrium price occurs.

How are shortages determined?

figuring out the shortage. This formula can be used to determine the shortfall. Make the price ceiling price equal to the supply equation and the demand equation, respectively, and solve for Qd and Qs. When we deduct Qs from Qi, 4.75 units are missing.

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what is the average tax rate for an individual with taxable income of $135397? convert to a percent and round to two places past the decimal point.

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The average tax rate for an individual with taxable income of $135,397 is 20.40%.

To calculate the average tax rate for an individual with taxable income of $135,397, we need to use the tax brackets and rates for the relevant tax year. I'll assume we are using the 2021 tax year for this example.

For the 2021 tax year, the tax brackets and rates for single filers are as follows:

10% on taxable income up to $9,950

12% on taxable income over $9,950 up to $40,525

22% on taxable income over $40,525 up to $86,375

24% on taxable income over $86,375 up to $164,925

32% on taxable income over $164,925 up to $209,425

35% on taxable income over $209,425 up to $523,600

37% on taxable income over $523,600

To calculate the average tax rate, we need to determine the total tax liability and divide it by the taxable income. Using the tax brackets and rates above, we can calculate the total tax liability as follows:

10% on the first $9,950 = $995

12% on the amount over $9,950 up to $40,525 = $3,573.40

22% on the amount over $40,525 up to $86,375 = $13,996.50

24% on the amount over $86,375 up to $135,397 = $9,059.68

Total tax liability = $27,624.58

Therefore, the average tax rate for an individual with taxable income of $135,397 is:

Average tax rate=Total tax liability/Taxable income

Average tax rate= $27,624.58/$135,397

Average tax rate = 0.204 (rounded to three decimal places)

Converting to a percentage and rounding to two decimal places, the average tax rate is 20.40%.

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a basic rule in capital budgeting is that if a project's npv exceeds its irr, then the project should be accepted. group of answer choices true false

Answers

False. A basic rule in capital budgeting is that if a project's NPV exceeds/crosses its IRR, then the project should be accepted is incorrect.

A capital budget is how a trading company evaluates the performance of a critical task or investment. Construction of a new facility or large funding for an outdoor business are examples of initiatives that should be capital budgeted before being approved or rejected.

Capital budgeting mainly refers to the decision-making method related to funding long-term initiatives. An example of this is a capital budget system run by an employer to decide whether to keep existing equipment or buy new equipment in place of old equipment.

The technique of capital budgeting is also known as funding estimation.

The most important thing in capital budgeting is the accuracy of the forecasted coin flow. The whole investment is regular and easy. However, considering all cash flow resources would be exhaustive.

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Complete question:

A basic rule in capital budgeting is that if a project's NPV exceeds its IRR, then the project should be accepted. True/ False.

how will an increase in state subsidies to public colleges affect the market for public and private colleges? a. in the market for public colleges: multiple choice 1 supply will shift to the left. demand will shift to the right. supply will shift to the right. demand will shift to the left.

Answers

Supply will shift to the right. demand will shift to the left an increase in state subsidies to public colleges affect the market for public and private colleges.

What results in a particular good or service when the price of that good or service changes?

Although a change in a good or service's price frequently results in a shift in the quantity supplied or along the supply curve for that particular good or service, it does not change the shape of the supply curve.

A subsidy will cause the supply curve to skew to the right, bringing down the market's equilibrium price. The subsidy's purpose is to promote the production of the good, and it has the effect of reversing the supply curve (shifting it vertically downwards by the amount of the subsidy).

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David and karen decide to purchase a $500,000 policy on david and a $500,000 policy on karen. How much would these policies cost if they were $0. 80 per $1,000 of coverage for tina and $0. 75 per $1,000 for david?

Answers

The cost of the policies for David and Karen can be calculated by multiplying the amount of coverage by the cost per $1,000 of coverage.

For David's policy, the cost would be:

First, we calculate the cost of David's policy. Divide the coverage amount by $1,000 to get the $1,000 coverage number. For David, this number is 500.

$500,000 / $1,000 = 500

Then, we multiply the number of $1,000 of coverage by the cost per $1,000 of coverage. For David, this figure is $0.75 per $1,000. Therefore, the cost of David's policy is:

500 x $0.75 = $375

For Karen's policy, the cost would be:

Now, we calculate the cost of Karen's policy. Divide the coverage amount by $1,000 to get the $1,000 coverage number. For Karen, this number is 500.

$500,000 / $1,000 = 500

Then, we multiply the number of $1,000 of coverage by the cost per $1,000 of coverage. For Karen, this figure is $0.80 per $1,000. Therefore, the cost of Karen's policy is:

500 x $0.80 = $400

Finally, we add up the individual costs of the two policies to get the total cost. The total cost of the policies for David and Karen.

Therefore, the total cost of the policies for David and Karen would be:

$375 + $400 = $775

So, the total cost of the policies for David and Karen is $775.

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The core competencies of a business are generated by the interaction of:________

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The core competencies of a business are generated by the interaction of resources and capabilities.

What are a business's fundamental competencies?

The distinctive goods, services, abilities, and skills that offer a company an edge over rivals are referred to as core competencies. In other words, a company's core capabilities are advantages over rivals that they cannot realistically match or offer.

What does marketing's core competency entail?

Core competencies are the assets, goods, abilities, and skills that provide a company an edge over its rivals. A core competency is usually something that is challenging to imitate, such as a distinctive product or a distinctive brand voice.

Core competency analysis: what is it?

The process of determining a company's essential strengths and characteristics that set it apart from its rivals, as well as how to leverage these core competencies to create lasting competitive advantage, is known as core competency analysis.

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other things equal, if consumers believe that gas prices will rise in a week, the demand for gas today will . multiple choice question. increase not change be lower than next week decrease

Answers

All other things being equal, demand for gas today will (A) increase if individuals believe that gas prices will rise in a week.

What is demand?

The quantity of a good that consumers are willing and able to buy at different prices during a specific time is known as demand in economics.

The demand curve is another name for the relationship between price and quantity demand.

Demand for a given product depends on a variety of factors, including perceived need, price, perceived quality, convenience, alternatives offered, buyer preferences, and disposable money.

For instance, the first slice of pizza that a customer purchases when they are hungry will be the one with the most utility.

If people anticipate that gas prices will increase in a week, demand for gas today will rise, all else being equal.

Therefore, all other things being equal, demand for gas today will (A) increase if individuals believe that gas prices will rise in a week.

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Complete question:

Other things equal, if consumers believe that gas prices will rise in a week, the demand for gas today will ____.

multiple choice question.

A. increase

B. not change

C. be lower than next week's

D. decrease

an economy experiencing falling​ demand, employment, and income is in which stage of the business​ cycle?

Answers

An economy experiencing falling demand, employment, and income is in the contraction phase of the business cycle.

What is contraction phase?

The contraction phase, also known as the contractionary phase or downturn, is a stage of the business cycle in which the economy experiences a decline in economic activity.

This phase is characterized by falling levels of output, employment, and income, often accompanied by rising levels of unemployment, decreased consumer spending, and declining business profits.

It is typically marked by a decrease in consumer and business confidence, a slowdown in production, and a reduction in economic growth. The contraction phase is followed by the trough or bottom of the cycle before entering the expansion phase.

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with blank , the firm first divides the marketplace into subgroups, determines which of those subgroups it should pursue, and finally decides how it should best position its product or service. multiple choice question. stp the four ps swot the marketing mix

Answers

If a company chooses to offer distinct products to each of the several market segments it intends to serve, such marketing approach is known as a differentiated one. The term "multisegment marketing" is often used.

What is the primary focus of Step 1 of the marketing strategy?

the purpose of your company.

Write your mission statement first when creating a marketing plan. This goal should support your company's overarching mission statement even though it is particular to your marketing division. Be precise without going overboard.

The marketing plan's fifth step involves what, exactly?

Using marketing analytics, a company evaluates its success in Step 5 of the marketing plan. Profits and sales revenue are a couple of the most typical financial success measurements.

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Transcribed image text: Question 1 0.6 pts The best measure of long-run economic growth adjusts nominal GDP for inflation and population. nominal GDP for inflation. nominal GDP for population. real GDP for the base year.

Answers

The best measure of long-run economic growth is real GDP for the base year.Although there are other ways to gauge economic expansion, the gross domestic product is the most well-known and often monitored and reported indicator (GDP).

Compared to gross national product (GNP), which is primarily used to comprehend the total income of a country's citizens within a specific time period, gross domestic product (GDP) is a more relevant indicator of the economy.

The Consumer Price Index (CPI), which gauges pricing power and inflation, and the Monthly Unemployment Report, which includes weekly non-farm payrolls, are two of the other key indicators of economic growth in addition to GDP.

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when the floor rusted through on her old car, kelly knew she had a problem. logically, kelly's next step in the consumer decision process would be to

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Option B. search for information.  Logically, Kelly's next step search for information.

The consumer decision process is the decision-making process that consumers use in relation to market transactions before, during and after purchasing goods or services.

When there are several options, this can be considered a special form of cost-benefit analysis.

Common examples are shopping and dining choices. Decision-making is a psychological component. This means that we cannot "see" the decision, but we can conclude that the decision was made from the observable behavior.

Therefore, we conclude that a psychological "decision-making" event has occurred. It is an interpretation that implies a duty to act. That is, we assume that people commit to perform actions based on observable.

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Complete question:

When the floor rusted through on her old car, Kelly knew she had a problem. Logically, Kelly's next step

in the consumer decision process would be to

A. identify her need.

B. search for information.

C. evaluate alternatives.

D. purchase a new car.

E. assess her satisfaction with the car she purchased.

The two most important inventory-based questions answered by the typical inventory model are.
A. when to place an order and what is the cost of the order
B. when to place an order and how many of an item to order
C. how many of an item to order and what is the cost of this order
D. how many of an item to order and with whom the order should be placed

Answers

The usual inventory provides answers to the two key inventory-based issues of how many of an item to order and how much this order will cost.

What does the phrase "inventory" mean, exactly?

Inventory refers to all the goods, supplies, and items that a business keeps on hand in anticipation of reselling them to clients for a profit. If the vendor distributes newspapers to customers using a vehicle, only the newspaper will be treated as inventory in this situation. The way the car is handled will be viewed as a plus. Although there are many different types of inventory, the four most common ones are finished goods, work-in-progress inventory, raw materials, and component inventory.

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chelsea technology maintains its records using cash-basis accounting. consider the following: during the year, the company received cash from customers, $49,000, and paid cash for salaries, $26,500. at the beginning of the year, customers owe chelsea $1,000. by the end of the year, customers owe $7,800. at the beginning of the year, chelsea owes salaries of $6,800. at the end of the year, chelsea owes salaries of $3,900. determine cash-basis net income and accrual-basis net income for the year.

Answers

The cash-basis net income for the year is $22,500, and the accrual-basis net income for the year is $32,200.

Cash-basis accounting recognizes revenue and expenses when cash is received or paid, while accrual-basis accounting recognizes revenue and expenses when they are earned or incurred, regardless of when cash is received or paid.

Using the information given, we can calculate the cash-basis net income as follows:

Cash receipts from customers = $49,000

Cash payments for salaries = $26,500

Cash-basis net income = Cash receipts - Cash payments

Cash-basis net income = $49,000 - $26,500

Cash-basis net income = $22,500

To calculate the accrual-basis net income, we need to adjust the cash-basis net income for the changes in accounts receivable and accounts payable. The change in accounts receivable represents the revenue earned but not yet received in cash, while the change in accounts payable represents the expenses incurred but not yet paid in cash.

Change in accounts receivable = Ending accounts receivable - Beginning accounts receivable

Change in accounts receivable = $7,800 - $1,000

Change in accounts receivable = $6,800

Change in accounts payable = Ending accounts payable - Beginning accounts payable

Change in accounts payable = $3,900 - $6,800

Change in accounts payable = -$2,900 (a negative value indicates a decrease in accounts payable)

Accrual-basis net income = Cash-basis net income + Change in accounts receivable - Change in accounts payable

Accrual-basis net income = $22,500 + $6,800 - (-$2,900)

Accrual-basis net income = $22,500 + $6,800 + $2,900

Accrual-basis net income = $32,200

Therefore, the cash-basis net income for the year is $22,500, and the accrual-basis net income for the year is $32,200.

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what does business growth rate refer to, as used in the bcg matrix? multiple choice question. the growth of a firm's competition a firm's forecasted sales the speed of industry growth the rate of hiring within an industry

Answers

The market rate of growth is calculated by deducting last year's industry sales from this year's industry sales.

What is the BCG matrix growth rate?

Based on the idea that market leadership produces consistently higher returns, the BCG growth-share matrix was created. In the end, the market leader achieves a self-perpetuating cost advantage that is challenging for rivals to match.

A product's overall market share is represented by the x-axis of the graph or matrix, while the y-axis shows the rate of market growth.

Therefore, The markets with the highest potential for growth are then identified by these high growth rates.

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You produce a car that costs $20,000 to make. The market price for the car is $15,000. At this price, you would supply _____ cars.

one
zero
many

Answers

Zero cars supply at the price of $15,000 if the production cost is $20,000.

Because If a business's price is greater than its average cost of production for the quantity produced, the firm will profit. In contrast, if a corporation's pricing is lower than its average cost of production, the firm will lose money.

What is the distinction between market value and manufacturing cost?

You must also realize that the cost of your product or service is the amount you spend to manufacture it. The price is your monetary compensation for supplying the goods or service. The value of a product or service is what the client feels it is worth to them. Cost is often the expenditure incurred for producing a product or service that a firm sells. The amount a consumer is willing to pay for a product or service is referred to as the price. The cost of manufacturing a product has a direct influence on both its price and the profit derived from its sale. The production function is responsible for developing new items, regulating product quality and quantity, and scheduling delivery. However, the marketing function focuses on delighting clients and providing their wants.

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Which one of the following is not involved in the two basic pleadings of a lawsuit? a complaint a default judgment an answer

Answers

A default judgment is not involved in the two basic pleadings of a lawsuit. So, the correct option is B.

In a lawsuit, the two basic pleadings are the complaint and the answer.

A complaint is a legal document filed by the plaintiff, which initiates a lawsuit by setting forth the allegations against the defendant. It outlines the plaintiff's claims and the legal theories supporting those claims.

An answer is a legal document filed by the defendant in response to the complaint. It admits or denies the allegations in the complaint and may also assert any legal defenses that the defendant may have.

A default judgment, on the other hand, is a judgment entered by a court against a party who has failed to plead or defend against a claim brought by another party. It is not a pleading, but rather a consequence of a party's failure to take action in the lawsuit.

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Complete question is:

Which one of the following is not involved in the two basic pleadings of a lawsuit?

A) a complaint

B) a default judgment

C) an answer

which of the following was not a destabilizing factor immediately following the end of the war? group of answer choices a flu pandemic a women's liberation movement high inflation and economic uncertainty political paranoia

Answers

Option b is the correct solution to this question. A women's liberation movement was not a destabilizing factor immediately following the end of the war.

The women's liberation movement was a political alliance of feminist intellectualism and women that began in the late 1960s and persisted into the 1980s, mainly in industrialized Western countries, and which brought about significant change in many parts of the world. Learn out how the Women's Liberation Movement campaigned for women's rights to equal pay, training opportunities, inclusion in religious organizations, and acknowledgement of their labor.

When a French philosopher named Simone de Beauvoir, then in her thirties, started to write about what it meant to be a woman, the revolution quietly started in 1946.

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What is an insurer required to do when faced with an error made under the Misstatement of Age provision?
Cancel the policy
Pay age-corrected benefits
Pay full benefits as stated in the policy
Bill the policyowner for back premiums

Answers

When an insurer is faced with an error made under the Misstatement of Age provision, they are required to pay age-corrected benefits.

This means that the insurer will adjust the benefits to reflect the correct age of the insured. If the insured is actually older than stated on the policy, the benefits will be reduced to reflect the higher risk associated with an older age. If the insured is actually younger than stated on the policy, the benefits will be increased to reflect the lower risk associated with a younger age.

The insurer may also bill the policy owner for back premiums if the correct age would have resulted in a higher premium. However, the insurer cannot cancel the policy or pay full benefits as stated in the policy if there is a misstatement of age.

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the cost constraint means that an item is not recognized in the financial statements unless its omission would significantly influence the judgment of an informed user. group of answer choices true

Answers

A. True. The statement "The cost constraint means that an item is not recognized in the financial statements unless its omission would significantly influence the judgment of an informed user" is true.

The cost constraint is a fundamental accounting principle that requires companies to only recognize and report information in their financial statements if the cost of doing so is justified by the benefit of the information to the users of the financial statements. This means that an item should only be recognized if its omission would significantly influence the judgment of an informed user, and if the cost of obtaining and reporting the information is reasonable and justifiable.

Therefore, the statement "The cost constraint means that an item is not recognized in the financial statements unless its omission would significantly influence the judgment of an informed user" is true.

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The cost constraint means that an item is not recognized in the financial statements unless its omission would significantly influence the judgment of an informed user.

A. True

B. False

a company's hiring strategy: group of answer choices directly affects employee productivity. has little effect on employee productivity. does not relate to profitability. upgrades an employee's skill level. is not part of the company's overall human resource strategy.

Answers

A company's hiring strategy directly affects employee productivity. Thus, option (A) is correct.

What is strategy?

An organization's long-term objectives and the plan it has to achieve them are referred to as its strategy. In other words, it demonstrates the strategy for achieving the stated goal. The specific steps taken to accomplish the objectives in accordance with the strategy are referred to as a tactic.

A recruiting plan of action is a plan of action to help you with success identify, attract and hire the best leaders for your open roles. These are basic playing points that can help you recruit the jobseekers

Therefore, The right option (A) is correct.

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the required rate of return to implement a proposed project will be if interest rates are . a. lower; lower b. lower; higher c. higher; unchanged d. higher; lower

Answers

c. higher; unchanged. The needed rate of return to carry out a given project is  higher; unaltered The needed rate of return is the minimal rate of return that an investor.

should expect from a project. It is the opportunity cost of investing in one project over another with comparable risk. If interest rates rise, the needed rate of return to undertake a planned project rises as well. This is due to the increased opportunity cost of investing in the project, since investors can earn a larger return elsewhere. In contrast, if interest rates fall, the needed rate of return to undertake a planned project falls. This is due to the fact that the opportunity cost of investing in the project has increased decreased, as investors are less likely to earn a higher return elsewhere. However, the required rate of return can also be influenced by other factors, such as the riskiness of the project, the company's cost of capital, and market conditions.

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in defining a problem, it is important to develop specific measures of success because these ultimately lead to blank______.

Answers

Answer:

Explanation:

In defining a problem, it is important to develop specific measures of success because these ultimately lead to clearer objectives. With specific and measurable objectives, you have a better understanding of what you are trying to achieve, and you can determine if you have been successful in solving the problem. This makes it easier to focus your efforts, make informed decisions, and track progress over time. By having well-defined success measures, you can ensure that you are working towards a well-defined goal, and you can evaluate the effectiveness of your solutions.

hat company sells two types of hats: knit hats with a selling price of $15 and variable costs of $5, and hard hats with a selling price of $25 and variable costs of $10. knit hats comprise 80% of all sales. if fixed costs are $22,000, what is the break even point in units?

Answers

As per the requirement, the break-even points in units will be -

Number of knit hats = 2000 x 0.8 = 1600

Number of hard hats = 2000 x 0.2 = 400

To find the breakeven point in units, we need to know how many units the company needs to sell to cover all of its fixed and variable costs.

Let's start by calculating the contribution margin for each type of hat. The contribution margin is the difference between the selling price and the variable cost of a product.

Total contribution margin per unit = Weighted average contribution margin per unit = ($10 x 0.8) + ($15 x 0.2) = $11

Breakeven point (in units) = Fixed costs / Contribution margin per unit = $22,000 / $11 = 2000 units

To calculate how many knit hats and hard hats need to be sold, we need to use the sales mix. Since knit hats represent 80% of sales, we can calculate the number of knit hats by multiplying the total number of units by 0.8, and the number of hard hats by multiplying the total number of units by 0.2. This gives:

Number of knit hats = 2000 x 0.8 = 1600

Number of hard hats = 2000 x 0.2 = 400

Therefore, the company needs to sell 1600 knit hats and 400 hard hats to break even.

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online trading communities that bring together buyers and supplier organizations go by what three names?multiple select question.

Answers

Online trading communities bring together buyers and supplier organizations to make possible the real-time exchange of information, money, products, and services. They are called - B2B exchanges or  e-hubs or e-marketplaces

An online marketplace or E-Marketplaces is an e-commerce site that interfaces vendors with purchasers. It's generally expected known as an electronic commercial centre and all exchanges are overseen by the site proprietor. Organizations utilize online commercial centres to arrive at clients who need to buy their items and administrations. Instances of online commercial centres incorporate Amazon, eBay, and Craigslist. The greatest benefits of an internet-based commercial centre and the reasons numerous organizations sell through web-based commercial centres is that:

It is an extra wellspring of income.It reduces showcasing expenses.It permits organizations to internationalize their business.It makes straightforwardness in accessibility, stock levels, and costs.It is an extraordinary way for clients to look at costs.It permits your organization to work all day, every day.It produces trust between your image and clients.Clients are bound to buy from an internet-based commercial centre with a large number of choices.Organizations need to pay a charge/level of deals to the web-based commercial centre stage.Selling by means of your own internet business webpage versus through a commercial centre.

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Correct Question -

online trading communities that bring together buyers and supplier organizations go by what three names?

if there are only two airlines that fly between dallas and new orleans, what will happen in the market for one airline if the other one goes out of business? multiple choice there will be a movement to the left along the initial demand curve. there will be a movement to the right along the initial demand curve. the demand curve will shift to the right. the demand curve will shift to the left.

Answers

Still, the demand  wind will move to the right, If the  contending business fails. The relationship between the cost of an item or service and the  volume demanded over a specific time period is represented graphically by the demand  wind.  

A common representation places the  needed  volume on the vertical axis and the price on the left  perpendicular axis. The  ensuing graph illustrates the popular belief that demand angles  pitch  over. This happens as a result of the law of demand, which states that as prices rise for  utmost  effects, demand  diminishments. In some peculiar circumstances, this rule doesn't apply. To determine the link between price and  volume, demand angles are utilised. The law of demand, which stipulates that the  force and

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Once a company has identified its competitive advantages and chosen the ones that define its market niche, what is its next step?
answer choices
communicating and delivering its positioning strategy
confirming its understanding of the market dynamics
defining its positioning strategy

Answers

Once a company has identified its competitive advantages and chosen the ones that define its market niche, its next step is to "define its positioning strategy."

What is positioning strategy?

Positioning strategy involves creating a distinctive image and perception of the company in the minds of its target customers, relative to its competitors.

This involves identifying the key benefits that the company offers to its customers, developing a unique value proposition, and communicating it effectively to the target audience.

To define its positioning strategy, the company needs to consider various factors, such as its target customer segments, their needs and preferences, the competitive landscape, and market trends. Based on this analysis, the company can identify the most effective positioning strategy that differentiates it from competitors and resonates with its target audience.

Once the positioning strategy is defined, the company needs to communicate it effectively to its target customers through various marketing and communication channels. This involves developing a strong brand identity, creating compelling marketing messages, and delivering a consistent customer experience that reinforces the positioning strategy.

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complete an amortization schedule for a $14,000 loan to be repaid in equal installments at the end of each of the next three years. the interest rate is 11% compounded annually. round all answers to the nearest cent.

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Complete an amortization schedule for a $14,000 loan-------------. The Annual payment would be $8,237.40.

What is loan?

A loan is a financial arrangement in which a lender provides funds to a borrower, who agrees to repay the funds with interest over a period of time.  Loans can be used for a variety of purposes, such as buying a house, financing a business, paying for education, or consolidating debt.

When a borrower takes out a loan, they receive a lump sum of money from the lender, which they agree to repay in regular installments over a set period of time.

In the above case, the  annual payment would be $8,237.40.

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The moral principles and standards that guide behavior in the world of business are known as:

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The moral principles and standards that guide behaviour in the world of business are known as Business Ethics.

Business ethics likewise alluded to as corporate morals, is a subset of applied morals or expert morals that looks at moral and moral standards as well as expected moral situations in the business world. It is appropriate to both the way of behaving of explicit people and whole associations, and it covers all features of business lead.

These ethical standards come from individuals, official proclamations made by associations, or the overall set of laws. The core values of a business are these traditions, values, moral norms, and untrustworthy ways of behaving.

The field is both a corporate system and a speciality for professions.

Present-day hierarchical principles, values, and standards that guide an individual's activities and conduct inside a business association are alluded to as business morals.

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