The disadvantages of using standard costs and variances do not include those manufacturing costs that enter work-in-process inventory are recorded at standard cost, rather than the actual cost.
What are variances?The expectation of a random variable's squared deviation from its population mean or sample mean is known as variance in probability theory and statistics. Dispersion is a measure of how far apart a group of numbers is from their mean value, and variance is a measure of dispersion. Descriptive statistics, statistical inference, hypothesis testing, goodness of fit, and Monte Carlo sampling are among the concepts that involve variation. Variance plays a crucial role in statistics. In the sciences, where statistical analysis of data is prevalent, a variation is a crucial tool. The variance, the second central moment of a distribution, and the covariance of the random variable itself are each defined as the square of the standard deviation
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The process improvement technique that sorts the vital few from the trivial many is:
Select one:
a. benchmarking.
b. Taguchi analysis.
c. Yamaguchi analysis.
d. Deming analysis.
e. Pareto analysis.
Pareto analysis is a process optimization method that separates the important individuals from the unimportant many.
Why is improvement important?Put simply, continuous improvement is crucial since it's the best approach to guarantee that we're carrying out every task we're engaged on in the most effective, efficient, and productive manner possible on a daily basis.
What is a good sentence for improvement?The remarkable improvement in her health caught doctors caught guard. That since spring, I've seen a noticeable improvement in your work. Before the article was published, the editor suggested a few edits. Kitchen renovation cabinets and other house upgrades were purchased with the money.
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harrison runs a bicycle manufacturing company. owing to increasing competition, his company starts losing its customer base. to regain its position in the market, harrison keenly observes his competitors' business plans and strategies and then incorporates a change in his company's marketing strategy. eventually, his company starts making profits. this is an example of
Harrison owns a business that makes bicycles. His business begins to lose customers as a result of rising competition He then incorporates a modification into his company's marketing strategy. His business eventually turns a profit. An illustration of benchmarking is this.
Organizations can concentrate their limited resources on the best opportunities to boost sales and gain a competitive edge by using marketing strategies. Building on strategic management, strategic marketing emerged as a separate field of study in the 1970s and 1980s.
Marketing objectives are quantifiable targets that specify what your marketing strategy's intended outcomes should be. Their main objective is to direct your marketing initiatives toward predetermined milestones.
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hedge funds differ from open-end mutual funds in the sense that a.they require a much smaller initial investment. b.they are open to additional investments at any time. c.their investors cannot sell shares back to the fund at any time they desire. d.they invest in very limited set of securities. e.they declare their investment strategies in the prospectus.
Hedge funds differ from open-end mutual funds in the sense that their investors cannot sell shares back to the fund at any time they desire.
What are hedge funds?A hedge fund is a small enterprise of individual investors whose capital is managed by experienced fund managers. These managers use a number of strategies, such as borrowing cash or dealing in unconventional assets, to produce returns on investments that are higher than average. Investment in hedge funds is sometimes viewed as a dangerous alternative investment option since it typically has a high minimum expected gain or net worth requirement and frequently targets rich clientele.
By investing a component of the fund's assets in the reverse way of the fund's primary objective, the management of the fund sometimes creates a Hedge fund focus on carefully chosen assets and security pools that are poised for rewards. Record-based hedge funds are equity index investment vehicles that aim to make money from significant market fluctuations brought on by economic or social events. A worldwide or country-specific stock hedge fund may invest in profitable stocks while protecting itself against equity market declines by selling short overpriced equities or stock indexes. By utilizing price or spread inefficiencies, a relative value hedge fund looks to profit from brief variations in the prices of comparable assets. Activist private equity invests in companies and demands that they reduce expenses in order to increase their stock price.
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instituting a company-wide policy that all products must provide for at least an 11 percent profit margin to reach a particular profit goal for the firm is an example of which pricing orientation?
Instituting a company-wide policy that all products must provide for at least an 11 percent profit margin to reach a particular profit goal for the firm is an example of profit orientation.
An earnings-orientated pricing method approach that we're going to set our product fee primarily based on a selected profit aim. that is a goal go back - that means we want to make a sure percent on each unit that we sell or it can be that we want to maximize income.
Income-orientated goals ought to direct the producers toward making profit out of the commercial enterprise. Following are a number of the points for attaining such goals: decrease the value of manufacturing and advertising. growth the excellent and amount of your merchandise.
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williams alternative power, inc. a company developing solar panels, is applying for a loan. the research the company has done for the manufacturing process would be a(n) asset for the loan evaluation. a. intangible b. revolving c. tangible d. collateral
Williams Alternative Power, Inc., a solar panel manufacturer, has applied for a loan. For the loan appraisal, the company's study on the manufacturing process would be an intangible asset.
What is the distinction between tangible and intangible?Tangible assets are anything that can be physically touched, such as inventories, buildings, or copying machines. Meanwhile, intangible assets are anything of value that cannot be physically touched, such as trademarks, domain names, and the goodwill you've built up around your company's brand. Machines, buildings, cars, and land are examples of physical assets. Intangible assets include intellectual property rights, copyright, a firm logo, goodwill, patents, trademarks, and so on. Intangible assets do not exist physically, yet they have monetary value because they represent potential revenue. Computer software, licenses, trademarks, patents, films, copyrights, and import limits are examples of intangible assets. Goodwill gained in a company combination is accounted for under IFRS 3 and is not covered by IAS 38.
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_____ is a name, term, or symbol used to identify a business and its products. a.A copyright b.Goodwill c.A patent d.A trademark
The correct answer is trademark is a name, term, or symbol used to identify a business and its products, such as McDonald's golden arches.
Any word, phrase, symbol, design, or combination of these that distinguishes your products or services might be considered a trademark. Customers use it to recognize you in the marketplace and set you apart from your rivals. Both trademarks and service marks are included under the umbrella term "trademark." The rights of those who produce literary, theatrical, musical, artistic, and specific other intellectual works are generally protected by copyrights (like history tests, and software code). The use of a company's name, product names, brand identification (such as logos), and slogans are all protected by trademarks. A registered trademark in special form format is an example of the golden arches logo from McDonald's®.
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situational software co. (ssc) is trying to establish its optimal capital structure. its current capital structure consists of 40% debt and 60% equity; however, the ceo believes that the firm should use more debt. the risk-free rate, rrf, is 3%; the market risk premium, rpm, is 7%; and the firm's tax rate is 40%. currently, ssc's cost of equity is 14%, which is determined by the capm. what would be ssc's estimated cost of equity if it changed its capital structure to 50% debt and 50% equity? do not round intermediate calculations. round your answer to two decimal places.
Its capital structure now consists of 75% equity and 25% debt, but the CEO thinks the company should use more liabilities.
A capital structure is which of the following?A company's capital structure is the combination all financial instruments it utilizes to raise money for its capital structure now consists of 75% equity and 25% debt, but the CEO thinks the company should use more liabilities.
A capital structure is which of the following?
A company's capital structure is the combination all financial instruments it utilizes to raise money for its operations, including share capital, preferred shares, long-term loans, convertible notes, bonds, and retained earnings.
What does a basic capital structure entail?A capital structure that has no potentially dilutive instruments is said to be simple. These businesses are just required to disclose their basic EPS. Securities such as changeable preferred stock, convertible bonds, stock options, and warrants are instances of potentially dilutive securities., including share capital, preferred shares, long-term loans, convertible notes, bonds, and retained earnings.
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suppose the predicted weather for monay is 10 indifferent and 60 bad, what are the chances for good weather wednesday
It is impossible to predict the exact chances of good weather on Wednesday based on the predicted weather conditions on Monday.
Weather forecasting models are based on the analysis of historical data and other factors such as temperature, wind, pressure and humidity. However, these models are not always accurate and can be affected by external factors such as location and other environmental conditions.
As such, the best way to determine the chances of good weather on Wednesday is to review the current weather conditions and forecasts for the day.
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brainly at the end of the first year of operations, the balance sheet of midwood medical supply showed the following account balances: accounts receivable, $5,000; accounts payable, $6,000; inventory, $3,000; and unexpired insurance, $2,000. the corporation reported net income of $79,000 for the year, including depreciation expense of $5,000, and uses the indirect method of computing net cash flow from operating activities. solely on the basis of this information, net cash flow from operating activities is: a. $78,000. b. $82,000. c. $77,000. d. $80,000.
The correct answer is B. $82,000.Net cash flow from operating activities is calculated by taking the net income of $79,000 and adding back the depreciation expense of $5,000, giving a total of $84,000.
This amount is then adjusted for changes in current assets and current liabilities. Since accounts receivable decreased by $5,000 and accounts payable increased by $6,000, the net cash flow from operating activities is calculated as $84,000 - $5,000 + $6,000 = $82,000.
Net cash flow refers to either the gain or loss of funds over a period (after all debts have been paid). When a business has a surplus of cash after paying all its operating costs, it is said to have a positive cash flow.
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assume there are two digital cable tv companies operating in this market. if they are able to collude on the quantity of subscriptions that will be sold and on the price that will be charged for subscriptions, then their agreement will stipulate that a. each firm will charge a price of $120 and each firm will sell 3,000 subscriptions. b. each firm will charge a price of $90 and each firm will sell 4,500 subscriptions. c. each firm will charge a price of $90 and each firm will sell 9,000 subscriptions. d. each firm will charge a price of $150 and each firm will sell 1,500 subscriptions.
Thee quantity of subscriptions that will be sold and on the price that will be charged for subscriptions,Each firm will charge a price of $90 and each firm will sell 4,500 subscriptions. Option B.
Firms achieve monopoly results. When there is an agreement between companies on the amount of production and the price at which they will sell their products. Lower than a monopoly market and lower than a perfectly competitive market. A group of companies acting together to maximize their common interests is called an a. monopolistic competitive industry.
One of the tenets of game theory is that firms always have a single dominant strategy. A Nash equilibrium occurs when each firm in the industry chooses the best strategy given the strategies chosen by its competitors. Profit maximization is a short-term or long-term process by which a firm can determine the levels of prices inputs and outputs that yield the best possible overall profit.
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the balanced scorecard relies on four processes to bind short-term activities to long-term objectives. what are they?
The balanced scorecard relies on four processes to bind short-term activities to long-term objectives - Translating the vision, Communicating and linking, Business planning, Feedback and learning.
What is a balanced scorecard?A strategic management performance indicator known as the balanced scorecard (BSC) is used to identify and enhance various internal business activities and the results they have on the outside world. Balanced scorecards are a widespread tool used by businesses in the United States, the United Kingdom, Japan, and Europe to measure and provide feedback to organisations. In order to provide quantitative results, data collecting is essential because managers and executives must acquire and analyse the data. The decision-making of company personnel for the future of their organisations can be improved with the help of this knowledge.
The balanced scorecard was initially developed by business leader and theorist Dr. David Norton and accounting professor Dr. Robert Kaplan. It was initially published in 1992 in the Harvard Business Review article "The Balanced Scorecard—Measures That Drive Performance."
The 4 activities are:
1. Translating the vision
2. Communicating and linking
3. Business planning
4. Feedback and learning
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Which of the following is not a common way that managers use the balance sheet?
To analyze the balances of assets, liabilities, and stockholders’ equity throughout the accounting period
To analyze the balance between debt and common stock financing
To analyze the balance of accounts receivable on the last day of the accounting period
To determine if the cash balance is sufficient for future needs
To analyze the balances of assets, liabilities, and stockholders’ equity throughout the accounting period is not a common way that managers use the balance sheet.
What is a balance sheet?
A financial statement that lists a company's assets, liabilities, and shareholder equity at a certain point in time is referred to as a balance sheet. The basis for calculating investor return rates and assessing the capital structure of a company is provided by balance sheets.
A company's balance sheet gives a quick overview of its financial situation at any one time. On its alone, it cannot provide an understanding of the tendencies manifesting over a longer time frame. Due to this, the balance sheet and those from earlier periods should be compared.
The balance sheet follows the accounting formula below, where assets are on one side and liabilities + shareholder equity are on the other.
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gretchen is preparing a sales presentation for the executive team. what organizational structure is she most likely to use?
The type of organizational structure used when Gretchen is preparing a sales presentation for the executive team is problem-solution.
What is Problem-Solution Organizational Structure?One type of organizational structure that can be used in companies is problem-solution. These problems can be used when looking for a solution to solving a problem. When companies use problems to solutions, the workforce will describe the problems being faced by the company and provide alternative options as solutions to these problems. One of the many activities carried out in companies that use problem-solutions is the activity of making presentations to the executive team to describe achievements and problems in the company.
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The difference between sales price per unit and variable cost per unit is the: Multiple Choice- Contribution margin per unit. Gross margin per unit. Gross profit from sales. Fixed cost per unit. Margin of safety per unit.
The selling price per unit less the variable cost per unit is the contribution margin. The metric, also known as dollar contribution per unit, shows how a specific product affects the company's overall earnings.
The selling price per unit less the variable cost per unit is the contribution margin (CM), also known as dollar contribution per unit. The amount of sales revenue known as "Contribution" is the portion that is utilized to cover fixed costs as opposed to variable costs. One of the fundamental principles of break-even analysis is this idea. Sales are divided from contributions and variable costs. Linear volumetric costs are used in the Cost-Volume-Profit Analysis model. The contribution margin, or marginal profit per unit sold, is a helpful indication for carrying out various computations and can be used as a barometer of operating leverage in cost-volume-profit analysis, a sort of management accounting. In the labor-intensive service sector, low contribution margins are typical, whereas high contribution margins are evident in the industrial sector.
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how can a positive relationship between the expected return on a security and its beta be justified? multiple choice question. because the risk-free rate is equal to zero because the value of beta is always positive because the difference between the return on the market and the risk-free rate is likely to be positive because the difference between the return on the market and the risk-free rate is likely to be negative
How can a positive relationship between the expected return on a security and its beta be justified Because the difference between the return on the market and the risk-free rate is likely to be positive.
Market is defined as a regular gathering of people for the purchase and sale of provisions, livestock, and other commodities.
A positive relationship between the expected return on a security and its beta be justified since the difference between them is likely to be positive. In other words, it is the stock's sensitivity to market risk. For instance, if a company's beta is equal to 1.5 the security has 150% of the volatility of the market average. However, if the beta is equal to 1, the expected return on a security is equal to the average market return.
Therefore, the correct option is difference between the return on the market and the risk-free rate is likely to be positive.
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friends shawna, dell, and roberta purchase a home together. because they want to ensure that no one is displaced from the home in the event of one owner's death, they decide to hold title in such a way that if any of them dies, the others own the deceased person's share. how should they hold title?
To hold title in such a way that if any of them dies, the others on the deceased person's share, should hold the title as Joint tenancy.
In financial markets, a share is a unit of equity possession within the capital stock of an organization and can talk to devices of mutual funds, restricted partnerships, and actual estate investment trusts. Proportion capital refers to all the shares of a business enterprise.
Shares constitute fairness ownership in an agency or financial asset, owned by means of investors who trade capital to go back for those gadgets. Common shares enable voting rights and viable returns via charge appreciation and dividends.
Agencies promote shares to raise capital for their enterprise. They difficulty stocks through preliminary public imparting inside the number one marketplace, which can be then traded in the secondary marketplace.
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computer stocks currently provide an expected rate of return of 15%. mbi, a large computer company, will pay a year-end dividend of $2 per share. if the stock is selling at $50 per share, what must be the market's expectation of the growth rate of mbi dividends?
If the stock is selling at $50 per share, 19% must be the market's expectation of the growth rate of MBI dividends.
The annual rate of return is that the proportion amendment within the worth of an investment. For example: If you assume you earn a tenth annual rate of come back, then you're forward that the worth of your investment can increase by 100 percent once a year.
A dividend is that the distribution of a company's earnings to its shareholders and is decided by the company's board of administrators. Dividends are typically distributed quarterly and should be paid out as money or within the variety of reinvestment in extra stock.
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spruce pine mfg. co. has total fixed costs of $300,000 a year. the owner estimates that average variable costs for its product will be about $30 next year. the selling price to wholesalers will be $50. the break-even point is
The product's owner anticipates that the typical variable cost will be around $30 in the upcoming year. $50 will be the sale price to merchants. 15,000 units are needed to break even.
What exactly does a firm sell?Any exchange in which cash is traded for a product or service is a sale. The vendor tries to "sell" the buyer on the advantages of their offer during such a sales negotiation.
How crucial is marketing in the corporate world?The development of consumer loyalty and trust in businesses is significantly influenced by sales. The key factors that influence a customer's decision to refer your business to a relative or friend or to provide a positive honest website of your goods or services include trust and loyalty.
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What is one output of enterprise strategy formulation?
Portfolio Governance
Portfolio Budgets
Portfolio Vision
Portfolio Canvas
jamble co. reports cash of $40,000, accounts receivable of $60,000, inventory of $150,000, equipment of $350,000, and current liabilities of $100,000. what is jamble's acid-test ratio?
The correct answer is 2.5. jamble co. reports cash of $40,000, accounts receivable of $60,000, inventory of $150,000, equipment of $350,000, and current liabilities of $100,000
In the same financial period, a vertical analysis occurs when a single line item is compared to a base item. For instance, using total assets as the basis item, we may divide the inventory line on the balance sheet to determine the percentage of inventory. For instance, every number on an income statement is recalculated as a percentage of net sales as a consequence of the vertical analysis of an income statement. Net sales for a corporation of $2 million will be shown as 100% ($2 million divided by $2 million). The current ratio is one of the liquidity ratios. The current ratio takes into account assets and obligations that be settled within a year, and the greater this ratio, the more liquid the organization is.
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during the current tax year, joe is a partner in a plumbing business. his amount at-risk at the beginning of the year is $45,000. during the year, joe's share of loss is $60,000. 1. what is the amount of the loss that joe may deduct for the current tax year? $fill in the blank 1 2. if joe has a profit of $31,000 in the following tax year, how much is taxable?
The amount of the loss that joe may deduct for the current tax yearJoe has a profit of $31,000 in the following tax year, taxable money is $16000.
Taxes are mandatory contributions levied on the individuals or corporations by a central authority entity—whether nearby, regional, or countrywide. Tax sales finance government sports, such as public works and offerings consisting of roads and schools, or applications consisting of Social Safety and Medicare.
It derives from the Latin taxable which means 'to evaluate. earlier than that, English used the associated phrase 'project', derived from old French. For a while, 'project' and 'tax' have been each in no unusual use, the primary requiring labor, the second one money.
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the following demand and supply diagram represents the market for routine outpatient appointments with a primary care physician. d1 shows the annual demand for a typical patient when he or she has no insurance and must pay the entire price of the appointment out of pocket. d2 shows how the typical patient responds to the price when he or she has to pay only 50% out of pocket, with the rest covered by medical insurance. how does this relate to the chapter?
This demand and supply diagram relates to the chapter by illustrating how the demand for a product or service changes in response to changes in price.
In this case, the demand for routine outpatient appointments with a primary care physician changes when the patient's out-of-pocket cost is reduced. With no insurance, the annual demand for a typical patient is represented by D1. But when the patient has to pay only 50% out of pocket, the demand for the appointment increases to D2. This shows how price changes can affect the demand for a product or service, in this case healthcare services.
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providian corporation is a mutual insurance company. the company has had a good year, with the amount of premiums exceeding the number of claims by a significant amount. this is likely to result in a(n)
The company has had a good year, with the amount of premiums exceeding the number of claims by a significant amount. this is likely to result in a(n) The beneficiary must pay taxes on any amount he or she receives that exceeds the sum of the premiums paid into the contract.
A company is a prison entity shaped by using a group of individuals to interact in and perform an enterprise—business or commercial—organization. An enterprise can be organized in diverse approaches for tax and financial liability purposes relying on the corporate law of its jurisdiction.
There are 3 commonplace kinds of corporations—sole proprietorship, partnership, and organization—and each comes with its very own set of benefits and downsides. In easy terms, the reason for an enterprise is to have a significant imagination and prescient after which to be worthwhile in accomplishing it. And we should qualify “profitable”: profitability means long-time period sustainable returns, and each word in that phrase is vital.
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While virtually all time series exhibit a____ random component, not all time series exhibit other components.
The complete statement is "While virtually all-time series exhibit a random component, not all time series exhibit other components. "
What is a virtually all-time series exhibit?Generally, A time series is a collection of observations of discrete data points that are generated over the course of time by performing several measurements.
For the purposes of a time series, an example would be to compute the total amount of retail sales for each individual month of the year.
This is because the measurement of sales revenue is properly defined and done on a consistent basis at periods that are all the same distance apart. The data known as time series are distinguished from those that are gathered seldom or just once.
A time series observation may be broken down into three distinct components: the trend, which refers to the overall long-term direction; the seasonal, which refers to the systematic, calendar-related movements; and the irregular, which refers to the outliers.
A time series is a collection of data points that have been cataloged chronologically. This concept originates from the field of mathematics.
A time series is often defined as a sequence that was recorded at a number of different moments in time that is uniformly spaced out from one another.
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assume that one year ago you bought 100 shares of a mutual fund for $13.50 per share, you received a $0.42 per-share capital gain distribution during the past 12 months, and the market value of the fund is now $17. calculate the total return for this investment if you were to sell it now.
The total return for this investment is $392.
The total return from investment is the distinction between the deals that continue at current market esteem in addition to the capital addition less buy (venture) costs.
Explanation:
Number of shares of mutual fund = 100
The per share price = $13.50
per-share capital gain = $0.42
the market value of the fund = $17
The total returns for 100 shares=( current value+ capital gain - purchase price) * 100
($17 + $0.42 + $13.50)*100
3.92*100 =392
Total sales (If sold) = ($17 * 100) = 1700
Total capital gain = ($0.42 * 100) = 42
Purchase cost = ( $13.50 * 100) = 1350
Total returns = ( $1700 +$ 42 - $392) = $392
return on investment= ($392*100/$1,350) =29.04%
The total returns can also be expressed as a percentage as;
($392*100/$1,350) =29.04%
Subsequently, the all-out returns acknowledged from the acquisition of the common asset are $392, or 29.04% of the investment cost.
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question 1 an online gardening magazine wants to understand why its subscriber numbers have been increasing. a data analyst discovers that significantly more people subscribe when the magazine has its annual 50%-off sale. this is an example of what?
The correct answer is: Analyzing customer buying behaviors.
What is data analysis?
Data analysis is the process of examining, cleaning, transforming, and modeling data with the goal of discovering useful information, drawing conclusions, and supporting f. There are multiple aspects and approaches to data analysis, including different techniques with different names and used in different economic, scientific and social science disciplines. In today's business world, data analytics play a role in helping organizations make more scientific decisions and operate more effectively.
Data mining is a specialized data analysis technique that focuses on statistical modeling and knowledge discovery for prediction rather than purely descriptive purposes, and business intelligence relies heavily on aggregation and is primarily focused on business information.
Therefore, The correct answer is: Analyzing customer buying behaviors.
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the inventory of royal decking consisted of five products. information about ending inventory is as follows: per unit product cost selling price a $ 40 $ 60 b 80 100 c 40 80 d 100 130 e 20 30 costs to sell consist of a sales commission equal to 10% of selling price and shipping costs equal to 5% of cost. required: what unit value should royal decking use for each of its products when applying the lower of cost or net realizable value (lcnrv) rule to units of ending inventory?
Royal decking unit value should use for each of its products when applying the lower of cost or net realizable value (LCNRV) rule to units of ending inventory is $256000.
Royal Decking
A) Per unit value for each of Royal Decking's products, applying LCNRV:
Product Cost Sales Price NRV LCNRV
A $40 $60 $44 ($60 - 12 - 4) $40
B 80 100 $72 ($100 - 20 - 8) $72
C 40 80 $60 ($80 - 16 - 4) $40
D 100 130 $84 ($130 - 26 - 10) $84
E 20 30 $22 ($30 - 6 - 2) $20
Total Inventory on the balance sheet is:
$256,000
a) Data and Calculations:
Ending Inventory on December 31, 2021:
Product Cost Sales Price NRV LCNRV Inventory value
A $40 $60 $44 ($60 - 12 - 4) $40 $40,000
B 80 100 $72 ($100 - 20 - 8) $72 $72,000
C 40 80 $60 ($80 - 16 - 4) $40 $40,000
D 100 130 $84 ($130 - 26 - 10) $84 $84,000
E 20 30 $22 ($30 - 6 - 2) $20 $20,000
Total inventory value $256 $256,000
= ($256 * 1,000)
Selling costs = 20% of selling price
Shipping costs = 10% of cost
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Refer to Exhibit 5-6. Between Year 1 and Year 2, the general level of prices increased by approximately: a. 33.3 percent. b.133.3 percent. c. 66.7 percent d. 16.7 percent
Between Year 1 and Year 2, the general level of prices increased by approximately 33.3 %.
Option A is correct.
General level of price:A hypothetical measure of overall prices for some set of goods and services in an economy or monetary union over a given period, normalized in relation to some base set, is the general price level. Typically, a daily price index, typically the Daily CPI, is used to approximate the general price level.
What decides the general cost level?The consumer price index (CPI) is the most frequently used price level index. The price level is looked at using a "basket of goods" method, which looks at all of the consumer-based goods and services. The index that measures the basket of goods rises as a result of changes in the aggregate price over time.
What drives the overall price level up?There are two primary drivers of expansion: cost-push and demand-pull. Both are liable for a general ascent in costs in an economy, however each works diversely to come down on costs. When consumers' demand drives up prices, demand-pull conditions occur, whereas cost-push conditions occur when supply costs drive up prices.
Question is incomplete .Missing parts are :
Nominal GDP
GDP Year (billions) deflator
Year 1 600 100.0
Year 2 1,000 133.3
Refer to Exhibit 5-6. Between Year 1 and Year 2, the general level of prices increased by approximately:
a. 33.3 percent.
b. 16.7 percent.
c. 133.3 percent.
d. 66.7 percent.
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What is the process of managing changes to the business requirements throughout the project?
Requirements management
Requirements definition document
Requirements documentation
All the above
the process of managing changes to the business requirements throughout the project is known as requirements management.
Descriptions of the necessary system characteristics and functionalities are established during the analysis phase. Screen designs, business rules, process diagrams, pseudo code, and other documentation might be included in these descriptions.
How do you manage requirements?Requirements management in the project seeks to ensure that a business accurately documents, validates, and meets the needs and expectations of its customers and other internal or external stakeholders. The first step in requirements management is the analysis and elicitation of the organization's objectives and constraints.
Requirements managing is changes to the business requirements throughout the project
Other elements of requirements management include assisting with planning for requirements, integrating requirements and the organization for dealing with them, as well as interactions with other information delivering on requirements and modifications for these.
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Quantitative forecasts use mathematical techniques that are based on:
Group of answer choices Expert opinions
Surveys
Historical data
Sales force knowledge of the market
Quantitative forecasts use mathematical techniques that are based on Historical data
In a broad sense, historical data is information gathered about past incidents and situations relating to a specific topic.
By definition, historical data encompasses the majority of data produced within an organisation, whether it was done so manually or mechanically. Press releases, log files, financial reports, project and product documentation, emails, and other.
In a company setting, crucial strategic decisions concerning the present and future are made using historical data. Managers analyze historical data to chart the evolution of organizational performance, pinpoint areas for development, and forecast future trends.
Businesses are gathering more data than ever and frequently retaining it for longer periods of time, both for internal use and to meet regulatory needs.
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