Metro Co. should report $9,000 as the inventory at January 31, year 3 under the LIFO method.
What is a perpetual inventory system with examples?A inventory system constantly keeps track of your inventory balances. Updates happen automatically when you acquire or sell items. Purchases and refunds are promptly reflected in your inventory accounts. For example, a supermarket business may use a perpetual inventory system.
Under the LIFO (Last-In, First-Out) method, the most recent units purchased are assumed to be the first units sold. Therefore, in order to determine the ending inventory balance for January 31, year 3, we need to start with the units remaining after the January 20th sale and add the units purchased on January 25th.
1,100 units (units on hand after January 20th sale) + 700 units (purchased on January 25th) = 1,800 units
To find the cost of these remaining units, we need to use the cost of the January 25th purchase (the most recent purchase)
1,800 units x $5 per unit = $9,000
Therefore, Metro Co. should report $9,000 as the inventory at January 31, year 3 under the LIFO method.
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over the last five years, argo stock has had annual returns of 12%, 2%, -4%, 10%, and 8%. what is the average annual stock return? g
Answer: 5.6 % is the average annual stock returns.
Explanation: SInce the average = sum of all numbers / total number of data
∴Average annual stock return will be = 12+2+(-4)+10+8/5
= 5.6%
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now that you have made these changes, you know that you must help your employees to deal with them. what is the best strategy to help facilitate these changes?
The best strategy to help facilitate these changes is Hold a two-day offsite meeting.
What is Hold a two-day offsite meeting?Hold a two-day offsite meeting with the new team to discuss the transition, its justifications, and to give team members a chance to get to know one another. With the new team, you made the decision to arrange a two-day offsite where you could explain the move, give reasons for it, and give the team members chances to get to know one another. This was the greatest option since it would aid in the team members' comprehension of the changes and aid in their reunification.
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A cash distribution from a qualified retirement account in which the taxpayer only made pre-tax contributions:?
A cash distribution from a qualified retirement account in which the taxpayer only made pre-tax contributions is always taxable.
What is a retirement account?
A retirement account is a type of financial account that allows an individual to save and invest money for their retirement. This type of account is usually tax-advantaged, meaning that the money within it can be sheltered from taxes while it grows. There are various types of retirement accounts, such as 401(k)s, 403(b)s, IRAs, and annuities. These accounts are designed to help individuals accumulate funds over time so that they can live comfortably during retirement. Contributions to a retirement account are typically made with pre-tax or post-tax dollars, and many employers match contributions made by their employees. Retirement accounts can also be used to rollover funds from other types of accounts, such as Traditional IRAs, to help individuals manage their assets more efficiently.
So, The required answer is that it is always taxable.
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the direct labor costs and manufacturing overhead costs required to produce finished goods from raw materials are called .
the direct labor costs and manufacturing overhead costs required to produce finished goods from raw materials are called conversion costs
Direct labor costs are a portion of the wage bill or payroll that are particularly and frequently tied to or associated with the manufacture of a good, a particular task order, or the provision of a service. Furthermore, we may add that it represents the cost of the labor put in by those workers who really build the product on the assembly line. Getting ready to perform the work.putting the right individuals in the proper jobs by explaining the job's requirements using terms like knowledge, expertise, etc.UsageDirect labor costs are included in the cost of production.
Calculating the direct labor costWe need the job time and wage that we would pay the employee in order to determine the direct labor cost.
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Opportunity cost arises from the fundamental economic problem of interdependence. A. unlimited resources. B. Oscarcity. C. marginal costs.
Because every economic level has boundless needs and finite resources, scarcity is the fundamental economic dilemma.
Economic explanation: What is it?
Economics is the study of scarcity and its effects on the use of resources, the production of goods and services, the growth of production and welfare over time, and a wide range of other complex issues of essential concern to society.
In order to sell their produce, producers lower the crop's price as corn crop production rises. The amount of corn required to feed the country's population, for example, would require a surplus of produce, which would result in farmers losing their cost of production. If the supply is too high, this would force wasteful production.
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according to the seller's agent paragraph in the new york state disclosure form, which party's interests are not being represented by the seller's agent?
The seller's representative is not responsible for representing the interests of that party, according to the buyer's interests declaration form in New York.
Who are the Buyers?The buyer's interests disclosure form in New York states that the seller's representative is not tasked with representing the interests of that party.
According to the Holdco Agreement, the term "User Stake" refers to a limited liability company interest in Holdco (a partnership interest for federal income tax purposes).
The definition of Buyer Interest is found in the preceding section of this Agreement.
Buyers are in charge of buying products for a firm to use or sell in their own enterprise.
In-depth research, the capacity to manage an inventory, assess the quality of items, and stay within a budget are all necessary for this position.
Therefore, the seller's representative is not responsible for representing the interests of that party, according to the buyer's interests declaration form in New York.
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during the job interview, you are asked what is your greatest weakness? what is the best way for you to respond? a. reveal several employment weaknesses that you have to prove your integrity. b. mention a previous weakness and demonstrate how you have corrected it or learned from it. c. tell the interviewer that you are a perfectionist. d. say that you can't think of a weakness at the moment.
Answer: B
Explanation: it's important to make sure that you yourself understand that you're human that makes mistakes but can also recover and learn from it. other answers are not the proper way to go about answering the question if asked.
question 3 consider the following scenario: a customer makes an online purchase. first, they discover the product. then, they find answers to their questions, decide to make the purchase, and recommend the product to others. what is the path called that the customer takes from finding the product to recommending it?
The customer journey is the path called that the customer takes from finding the product to recommending it.
What is the name of the process the client follows from discovering the product to endorsing it?
This process, which we refer to as the customer journey, includes all the stages a person or buyer persona experiences from the time they become aware of a need until they purchase a good or service to address it.
What does "customer journey" mean?
An individual's engagements with your brand, products, and/or services are referred to as their "customer journey." It covers both direct connections like calling customer service and indirect interactions like hearing about a brand at an event.
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your team just finished their second iteration and some features were not delivered as expected. the product backlog is growing. the project is expected to be complete after 10 iterations, but at this pace, you have major concerns. what should the team do?
Analyzing the stakeholder's needs and expectations while reviewing the ground rules
Who or what is a stakeholder?Individuals, people, or organizations that are directly or indirectly impacted by a project, product, service, or business are considered stakeholders. Stakeholders consequently have an impact on both the how a firm does business.
What part does a stakeholder play?The Function of a Stakeholder A stakeholder's main responsibility is to provide their experience and viewpoint to a project in order to aid the organization in achieving its strategic goals. They can also offer the tools and resources needed. A project depends on their support.
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becky loves watching her favorite 30-minute television shows, once they become available for streaming on the internet. in order from her most to least favorite, becky's show preferences are community, parks and recreation, the office, and 30 rock. if becky has time for only one show, she chooses to watch community. in this case, what is her opportunity cost?
Becky's opportunity cost is watching "The Office" and "30 Rock".
In the microeconomic concept, the opportunity fee of a particular pastime is the price or benefit given up by carrying out that interest, relative to undertaking an opportunity interest. extra efficaciously it approach in case you chose one activity (for example, an investment) you are giving up the possibility of do a distinctive choice. The premiere pastime is the only one that, net of its possibility fee, provides the greater go back in comparison to another sport, the internet of their opportunity costs.
For instance, in case you buy a vehicle and use it exclusively to transport yourself, you can't hire it out, while in case you hire it out you can't use it to move. if your price of transporting yourself without the auto is more than what you get for renting out the car, the most appropriate preference is to use the automobile yourself. In simple equation shape, opportunity price can be defined as: "opportunity cost = (returns on fine Forgone alternative) - (returns on selected alternative)."
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defining leadership as a process means group of answer choices it is an inborn trait or characteristic it may only take place in groups. it is focused on influence. it is a transactional event.
According to the definition of leadership as a process, it is a transactional event that takes place rather than a quality or characteristic that a leader possesses.
What's a good way to define leadership?
Motivating a group of individuals to take action in favour of a common objective is the art of leadership. This could entail managing coworkers and employees in a way that formally meets the needs of the business. the process of taking charge of a team or organisation. The Oxford Dictionary's definition of leadership is the same. Simply put, leadership is about taking chances and questioning the existing quo. Followers are inspired by leaders to take on harder and more challenging tasks.
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rheal purchased a truck for his business. the purchase price was $28,500 for the truck, and he paid $120 for fees to title the truck. the manufacturer was offering a $2,000 rebate, which rheal received. what is his basis in the truck?
Rheal's basis in the truck would be $26,380 ($28,500 purchase price - $2,000 rebate - $120 fees). This is the amount that he would use to calculate any depreciation or gain/loss if he were to sell the truck in the future.
What is depreciation ?Depreciation is an accounting method used to spread the cost of a tangible asset over its useful life.
It allows a business to take a tax deduction for the decline in value of an asset, such as a building, vehicle, or piece of equipment
The amount of depreciation is determined by the cost of the asset, its expected useful life, and the method of depreciation used.
There are several methods of depreciation, including straight-line, declining balance, and sum-of-the-years'-digits.
Depreciation is a non-cash expense, meaning it does not involve any immediate outflow of cash. It is used to reduce the amount of taxable income and thus lower the tax liability.
In general, the longer the useful life of an asset, the smaller the annual depreciation expense will be.
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question 5 imagine that a university hires a construction company to build a new library. before starting, the project manager outlines the building materials the project needs. they also outline the roles and amount of workers to hire. which key component of project initiation does this scenario concern?
When starting a project, resources are a crucial element. Does this scenario affect.
What Is a Project Manager?An expert who plans, plans, and manages projects while adhering to constraints like budgets and timetables is known as a project manager. Project managers oversee the work of entire teams, establish the objectives of a project, consult with partners, and see it through to completion.
A project coordinator typically works directly under a project manager in a junior project manager capacity. The project coordinator frequently focuses on the financial aspects of a task and keeps track of both the cash allocated for a project and any expenditures made on it. To make those objectives a reality, a project manager oversees numerous initiatives.
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a project to implement new accounting software is underway. you have been working on the project and recently achieved a major milestone. during a recent project status update a stakeholder has mentioned that they felt left out of the decision-making process and that the solution being implemented will not work. in consulting your stakeholder register, you notice the individual has medium interest and low influence on the project. you are concerned that the individual may start to convince other stakeholders that the project is doomed for failure. what should you do?
Update the stakeholder registry to reflect the stakeholders' moderate influence on the project and solicit their comments as needed.
How do you inform stakeholders of the status of the project?It is, however, one of the most tried-and-true techniques for informing stakeholders on a regular basis. The project's overall progress is detailed in a status report. It comprises recently finished significant tasks, forthcoming project milestones, and upcoming activities.
Which of the following is not an important participant in a project that develops an internal service for an organization?Given that they are not actively involved in an internal project, external customers are not in this case considered to be essential stakeholders.
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the more resources to be scheduled in conjunction to perform a service, the the complexity and the likely that an optimum schedule can be achieved. multiple choice question. greater/more less/more greater/less
As the number of resources required to perform a service increases, the scheduling process becomes more complex and the chances of finding an optimal schedule decrease.
What is scheduling process?The scheduling process is the method by which resources, such as people, equipment, and facilities, are allocated over a specific period of time in order to complete a specific task or set of tasks. This process is used in a wide range of industries and organizations, including manufacturing, healthcare, transportation, and many others. The scheduling process typically involves identifying the resources that are needed for a specific task or set of tasks, determining the availability of those resources, and then allocating them in an efficient and effective manner. This process can be complex and time-consuming, especially when a large number of resources are required, or when the task or set of tasks have tight deadlines or other constraints. There are various algorithms and tools available to help make scheduling more efficient and accurate, such as linear programming, genetic algorithms and heuristics.To learn more about scheduling process refer:
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imagine we have a list of participants below all of whom are unemployed. we are trying to test whether a given job training program helps unemployed individuals find a new job. to do so, we propose running and randomized controlled trial. one suggestion is to put the first half of the individuals into the treatment (workers 1 through 3), while placing the second half in the control (workers 4 through 6). why would this be a poorly designed experiment?
Yes, selecting employee at random for jobs without prior judgment is a terrible technique.
Employee selection, often known as applicant selection, is the process of choosing the best new recruit for the job at hand. The phases in the employee selection process are determined by the function for which you are employing, your recruitment budget, the seniority of the post, available resources, and the demands of your business. Rather of using one approach as the primary basis for picking or rejecting individuals, combine them to make the best informed conclusion possible. Pre-employment testing, for example, can be used with other staff selection processes such as job interviews or trial days to reliably predict work performance and cultural fit.
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assume the following information for a client: personal property $89,000 credit card balance $42,000 mortgage loan balance $380,000 checking account $14,000 residence $480,000 taxes $38,000 life insurance cash value $24,000 salary $175,000 growth stock fund $112,000 automobiles $79,000 auto loan balance $29,000 auto payments $18,000 what is the client's net worth?
The Client's net worth would be $271,000. Net worth can be calculated by adding up the value of all of their assets (property, savings, investments, etc.) and then subtracting their liabilities (debt, loans, taxes owed, etc.).
How to calculate:Given:
Assets:
Personal property: $89,000
Checking account: $14,000
Residence: $480,000
Life insurance cash value: $24,000
Growth stock fund: $112,000
Automobiles: $79,000
Liabilities:
Credit card balance: $42,000
Mortgage loan balance: $380,000
Taxes: $38,000
Auto loan balance: $29,000
Auto payments: $18,000
Net worth = Total assets - Total liabilities
Total assets: $89,000 + $14,000 + $480,000 + $24,000 + $112,000 + $79,000 = $778,000
Total liabilities: $42,000 + $380,000 + $38,000 + $29,000 + $18,000 = $507,000
Net worth = ($89,000 + $14,000 + $480,000 + $24,000 + $112,000 + $79,000) - ($42,000 + $380,000 + $38,000 + $29,000 + $18,000)
Hence,
the client's net worth is:
$778,000 (total assets) - $507,000 (total liabilities) = $271,000
Why is net worth?Net worth is a quantitative concept that measures the value of a company and can be applied to individuals, companies, sectors and even countries. Net worth provides a snapshot of a company's current financial position. In economics, net worth is also called book value or equity.
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the client's net worth is $271,000. This means that the client's assets are worth $271,000 more than their liabilities.
What is net worth?Net worth is a measure of an individual's financial health and is calculated by subtracting the total amount of liabilities from the total amount of assets. It represents the total amount of wealth an individual has at a given point in time. This is an important metric as it gives an overall picture of one's financial situation and can be used to measure progress over time. It also can be used for financial planning and for different financial decisions. Net worth can be positive or negative depending on whether the assets outweigh the liabilities or not. A positive net worth means that the individual has more assets than liabilities and a negative net worth means that the individual has more liabilities than assets. The higher the net worth, the better the individual's financial situation.
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the difference between technology and technological change is that a. technology refers to the processes used by a firm to transform inputs into output while technological change is a change in a firm's ability to produce a given level of output with a given quantity of inputs. b. technology is carried out by firms producing physical goods but technological change is an intellectual exercise into seeking ways to improve production. c. technology is product-centered, that is, developing new products with our limited resources while technological change is process-centered in that it focuses on developing new production techniques. d. technology involves the use of capital equipment while technological change requires the use of brain power.
Option C is correct. Technology is product-centered, that is, developing new products with our limited resources while technological change is process-centered in that it focuses on developing new production techniques.
What is the difference between technology and technological change ?Technology refers to the tools, methods, and processes used to produce goods and services. It includes the knowledge, skills, and equipment used in various industries. Technological change, on the other hand, refers to the development and implementation of new or improved technologies. It is the process by which technology evolves over time and can include the introduction of new products, production methods, and materials. In summary, technology is the application of knowledge, while technological change is the evolution of that knowledge.
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_______ refer to our beliefs about what is right vs. wrong, good vs. evil, virtuous vs. corrupt.
Ethics and morals
Sam marketing manager at ABC Products, argues that XY Products their biggest competitor is spending more on marketing than ABC. XY have a larger share of the market. Therefore, ABC should spend more on marketing, This argument represents which of the following fallacies?
Non sequitur
Process conflict refers to conflict about the best way to do something as individuals explore various options together in order to identify superior solutions.
True
_______ is the ability to recognize, understand, pay attention to and manage one's own emotions and the emotions of others.
Emotional intelligence
Determining which actions are right vs. wrong represents which element of James Rest’s ethical decision-making model?
Moral judgment
Process conflict refers to conflict about the best way to do something as individuals explore various options together in order to identify superior solutions.
True
The final step in the decision making process is to select an alternative.
False
Which of the following describe conflict about the best way to do something that can actually lead to improved performance?
Process
________ intentionally takes on the role of critic.
The devil’s advocate
Research finds that the logical, analytical route always leads to superior decisions.
False
Which of the following statements regarding needs is most true?
Needs provide direction in the motivation process.
In expectancy theory the attractiveness of an alternative is determined by expectations of what is likely to happen.
True
Motivation arises out of an interaction between a person and a particular situation.
True
Maslow’s theory is based on the prepotency concept.
True
A need that cannot be inferred from a person’s behavior at a given time, yet the person may still possess that need is called a:
latent need
SDT theory suggests that the primary way to motivate high performance for uninteresting jobs is to emphasize intrinsic rewards.
False
Hygiene factors are most directly related to:
job context
Goal theory states people will perform better if they have difficult, accepted, performance goals or objectives.
True
Self-efficacy is not one of the stronger determinants of performance in any particular task situation.
False
Expectancy theory differs from most motivation theories because it highlights the fact accurate performance measurement is not necessary.
False
External to the work itself are ______ rewards.
extrinsic
Which of these is NOT an element of employee’s cognitive evaluation of feedback?
Persistence on the task
Under the skills-based incentive program, employees are paid according to their skills level regardless of the actual tasks they are allowed to perform.
True
Performance appraisals are one of the least important and one of the most mishandled aspects of management.
False
The organization invests status and _____ in the exchange process between employee and organization.
recognition
All of the following are Edward Lawler’s conclusions concerning the relationship between rewards and satisfaction EXCEPT:
employees develop ties with organizations when they perceive that the organization is interested in their welfare and willing to protect their interests
In the exchange process between employee and organization, which of the following is NOT invested by the employee?
Benefits
A popular technique for evaluating employees who are involved in jobs that have clear quantitative output is MBO.
True
Most of the problems with performance appraisals relate to the validity and reliability of the instruments themselves.
True
Which of the following performance evaluation technique is closely related to the goal-setting theory of motivation?
MBO
Ethics and morals refer to our beliefs about what is right vs. wrong, good vs. evil, virtuous vs. corrupt.
What is ethics and morals?Morality and ethics are concerned with "good" and "bad" conduct. Even though they are sometimes used interchangeably, they are different: The term "ethics" refers to rules created by a third party, including such morals or standards of conduct at work or in the workplace. Personal ideals of what is acceptable and unacceptable are referred to as morals. The straightforward of ethics are normative, metaphysical, and practical ethics. Ethics examines the rationales behind our moral judgments in order to determine what is morally right or wrong, to be just and unjust. In a broader sense, ethics takes into account an individual's choice, responsibility, & sense of equity as well as how they interact with others and the natural world.
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Typical After-Tax Budget Allocations for Different Life Situations, calculate the budget allocations for Jamie Lee using her net monthly salary (or after-tax salary) amount. Is she within the recommended parameters for a student
The budget allocation for Jamie Lee using her net monthly salary is Housing (rent and utilities) = 25%; Transportation (gas/maintenance) = 6%; Food = 7%; Entertainment and recreational = 5%; and Savings = 11%. All the budget allocations are within recommended parameters except saving.
Based on the provided information, Jamie’s net monthly salary is $1,560. For the different budget categories, Jamie budget allocation of her net monthly salary in percentage are:
Housing (rent and utilities):
Jamie’s allocation = ($275 + $125)/ $1,560 ≈ 25%
The recommended after-tax budget allocation for students = 0 – 25%
Within parameter = Yes
Transportation (gas/maintenance):
Jamie’s allocation = $100/ $1,560 ≈ 6%
The recommended after-tax budget allocation for students = 5 – 10%
Within parameter = Yes
Food:
Jamie’s allocation = $120/ $1,560 ≈ 7%
The recommended after-tax budget allocation for students = 15 – 20%
Within parameter = Yes
Entertainment and recreational
Jamie’s allocation = ($35 + $50)/ $1,560 ≈ 5%
The recommended after-tax budget allocation for students = 5 – 10%
Within parameter = Yes
Savings
Jamie’s allocation = ($150 + $25)/ $1,560 ≈ 11%
The recommended after-tax budget allocation for students = 0 – 10%
Within parameter = No
Note: The question is incomplete. The complete question is attached.
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regarding earnest money deposits, a broker a) must report to the irs the receipt of more than $5,000 in cash. b) must deposit the funds within one business day after receipt. c) may not accept a postdated check under any circumstances, because such instruments are illegal in florida. d) is not responsible if the check fails to clear, provided the broker deposited the check within three business days.
Earnest money refers to the deposit paid by a buyer to a seller, reflecting the good faith of a buyer in purchasing a home.
When must a broker deposit earnest money?In our market, the escrow business must receive the earnest money deposit three days after the offer is accepted. Although the earnest money deposit could potentially be held by the broker, most brokerages work to keep client money separate from their own. A sort of deposit given by homebuyers to sellers is known as an earnest money deposit, or EMD. EMD is paid by buyers to sellers of real estate and other public and private projects. It is typically a little sum given to the seller as a sign of interest in purchasing real estate. Neither party may hold the earnest money deposit in a dishonest manner. This means that the deposit should be released as soon as feasible in the absence of a legitimate, reasonable demand.To learn more about broker deposit refer to:
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which adverse external development factor is exemplified by a competitor that introduces a more advanced product that adversely affects the financial position of a borrowing business?
Regulatory factors is exemplified by a competitor that introduces a more advanced product that adversely affects the financial position of a borrowing business.
What role does the regulatory environment play?
By maintaining administrative burdens to a minimum necessary to support public policy and sustainable development goals, the regulatory environment should encourage individuals to launch their own businesses, test out novel company concepts, and take measured risks.
What marketing regulatory factors are there?
Elements of the marketing environment that are governed by different governmental regulatory bodies and have an effect on how a company conducts business every day. A regulating factor, often referred to as a limiting factor in population ecology, is something that maintains a population's homeostasis.
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dave's duds reported cost of goods sold of $3,000,000 this year. the inventory account increased by $150,000 during the year to an ending balance of $495,000. what was the cost of merchandise that dave's purchased during the year?
$1,590,000 is the cost of merchandise that Dave purchased during the year.
What is an inventory account?The area of accounting known as inventory accounting is concerned with valuing and recording changes to inventoried assets.
Three production stages are commonly represented in a company's inventory: raw materials, works-in-progress, and finished products that are available for sale.
So, we know that:
Cost of goods sold: $3000000
Inventory account increased by $150000 by $495000.
Cost of merchandise purchased:
COGS = 1,300,000
Add: Increase in inventories = 290,000
Purchases = $1,590,000
Therefore, $1,590,000 is the cost of merchandise that Dave purchased during the year.
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suppose that bronxland had an adult population of about 25 million, a labor-force participation rate of 60 percent, and an unemployment rate of 6 percent. how many people were unemployed?
About 25 million adults lived in a country with a labour force participation rate of 60% and an unemployment rate of 6%. At that time, 1.5 million people were jobless.
Unemployment is a state of affairs where a person actively seeks employment but is unsuccessful in doing so. One important indicator of the economy's health is unemployment. The unemployment rate is the indicator of unemployment that is most often used. It is determined by dividing the total number of employed persons by the total number of jobless people. To some jobless people who satisfy the eligibility conditions, several governments give unemployment insurance. As long as they satisfy specific criteria, several governments provide small amounts of money through unemployment insurance to jobless people.
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a u.s. firm produces sweatshirts in the first quarter of 2010 and adds them to its inventory. in the second quarter of 2010 the firm sells the sweatshirts to consumers. in which quarter(s) does(do) these transactions raise consumption?
When the company sold sweatshirts to customers in the second quarter of 2010, this transaction increased consumption since customers were buying and using the products.
Why does (do) these transactions raise consumption?
Consumption is a metric for the volume of products and services that consumers buy and utilise. It is an essential part of GDP, which measures the value of all products and services produced inside a nation's boundaries during a specific time period.
The American company produces sweatshirts in the first quarter of 2010, and when they are added to its inventory, they are regarded as an investment in capital goods by the company. Capital goods are items utilised in the production of other products and services. Since customers aren't already buying and using sweatshirts, their manufacturing and inventory aren't deemed to be consumed.
When the company sold sweatshirts to customers in the second quarter of 2010, this transaction increased consumption since customers were buying and using the products. Consumers' purchases of sweatshirts are categorised as final consumption expenditure, also referred to as personal consumption expenditure and a part of GDP. The GDP for that quarter reflects how much the purchase of sweatshirts contributed to the nation's total economic activity.
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The opportunity cost of attending college is likely to be highest for a high school graduate:
A) who has access to student loans.
B) whose family is extremely wealthy.
C) who will attend a more expensive college.
D) who started a successful business in high school
The concept here is the Opportunity cost, it is the value of what you lose when choosing between two or more options. The answer is option D.
Who started a successful business in high school. The opportunity cost of college is likely higher for a graduate who started a successful business in high school.
The opportunity cost of a particular business is the value or benefit that arises from doing that business as opposed to doing an alternative activity. What this effectively means is that if you decide to take an action, you lose the ability to choose another option.
The concept of opportunity cost is used in decision-making to help individuals and organizations make better decisions, mainly by considering alternatives. Opportunity cost includes the costs and benefits of each choice, which are sometimes difficult to quantify.
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revenue should be recognized when the seller satisfies its performance obligation(s) to its customers. what is the accounting issue if the revenue recognition rule is not followed? (select all that apply) multiple select question. total assets will be overstated for the period. net income may be overstated or understated for the period. cash flows would be distorted for the period. the income statement would not report the accomplishments of the period.
Revenue shouldn't be recognized until the buyer or his agent receives payment.
Which three types of income are there?The three fundamental types of income are earned, passive, and portfolio. Earned money includes things like salaries, tips, royalties, and wages.. Rental properties, royalties, and limited partnerships are all potential sources of passive or unearned income. Interest, dividends, and capital gains on assets are all types of portfolio or investment income.
What are the income sources?Rent, salaries, interest, and profit thus make up the household's income. Utilizing the means of production, the businesses create products and services that are offered to the household markets. The income of the companies sector is made up of the money that home sectors pay for all these goods and services.
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If somehow the accrual accounting rule is not followed, net income may indeed be overestimated or underpaid for the period, which is the accountancy issue.
How much is net income?Net income is the amount that remains in your account after taxes and other withholdings have been deducted from your paycheck. Net is the amount of money left over after overhead expenses, management fees, cost of products sold, taxes, reinsurance, and every other business charges have been paid.
Are gross profit and net profit the same thing?While operating income is just the amount of cash left over after removing the cost of items sold from receipts, net profit shows how much money is left over after paying all allowed expenses of the business.
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which are some current shortcomings of health workforce planning in the united states? select all that apply.
Some existing inadequacies in the planning of the health workforce in the United States are typically related to the way that care is now delivered.
What does planning mostly entail?The planning process involves establishing goals and objectives for a predetermined time frame, coming up with alternatives for the course of action to be pursued, and then deciding which choice is the best one.
Explain the planning procedure.The planning process is a strategy used to create goals, design tasks to attain goals, identify resources needed, set a timetable, choose how to track progress and evaluate results, finish the plan, and share it with the team.
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a general partner multiple choice cannot lose more than the amount of his/her equity investment. has less legal liability than a limited partner. faces double taxation whereas a limited partner does not. has more management responsibility than a limited partner. is the term applied only to corporations that invest in partnerships.
a general partner: has more management responsibility than a limited partner.
A person who establishes a business with at least one other person is known as a general partner. A general partner has the authority to bind the partnership in law, is personally liable for all of the partnership's debts and obligations, and is in charge of making business decisions. A general partner acts as the company's representative and frequently has the power to make decisions with or without the support of the other partners. General Partners shall have unrestricted responsibility for the administration of the Partnership and shall be personally accountable for any obligations of the Partnership. As a result, partnership debts may put the personal assets of the general partners in jeopardy.
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a boat is worth $7,000 when it is 5 years old and $2,000 when it is 10 years old. what was the boat worth initially?
Answer:
$12,000
Explanation:
The value started at $12,000, and loses $1,000 in value per year.
