Businesses that successfully market themselves, position themselves, and offer products and services that give them a competitive advantage do so by [...] exceeding expectations.
What is the position known as?
a thing's or a person's location, frequently in connection to other things: If you want to see where we are on the map, I've located it for you. Since you rearranged the furnishings, the sofa is now in a different location. Positioned horizontally with the face upward. Horizontal position with the face turned downward is known as prone. The right side is pointing downward in a horizontal position known as the right lateral recumbent. Recumbent with the left side down and in a horizontal position.
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The definition of a blank. blank states: an unfavorable balance of trade, which occurs when the value of a country's exports is less than its imports.
When a nation's imports exceed its exports for a specific period, a trade deficit results. It is known as a negative trade balance (BOT). The balance can be determined based on transactions in the following categories: products, services, goods, and services.
Is a trade surplus the same thing as an unfavorable balance of trade?A nation is said to have a positive trade balance, or a trade surplus if its exports outpace its imports. A trade deficit results from an unfavorable balance of trade, or an increase in imports over exports.
Does an unfavorable trade balance arise when a nation's imports are more than its exports in value?Exports must outpace imports for the trade balance to be positive and for the nation to have a trade surplus. If imports exceed exports, a country or region has a trade deficit and is said to have a negative trade balance.
Does a surplus in a country's trade balance indicate that imports are greater than exports in that country?A nation has a positive trade balance, which is quantified economically as a trade surplus when its exports outpace its imports. In contrast to a trade deficit, it exists.
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In your role as project leader for the organization's involvement in the annual United Way campaign, you have planned a party to mark the end of the fundraising initiative. What must you do to ensure the party is implemented successfully? - Identify how much money is available in the discretionary fund. - Remind the team of the importance of positive reinforcement. - Be sure the people involved get the information they need when they need it. - Send a memo emphasizing how important the United Way campaign is to the community. Grade It Now Save & Continue Continue without saving
The answer is Remind the team of the importance of positive reinforcement.
What does reinforcement through example mean?Positive reinforcement includes things like giving a kid chocolates if he cleans his room. If a youngster smashes a window, spanking him or her is a good punishment. Negative punishment is taking away a child's toys for misbehaving. Negative reinforcement is when parents skip a child's tasks after he does well on a test.
What does management reinforcement mean?The detailed explanation of how a person learns behavior is provided by reinforcement theory. Employee motivation efforts by managers must take care to avoid rewarding everyone at once. The staff must be informed of their errors.
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The owner of Cafe Bakka is considering investing in a new point-of-sale system. He spent $10,000 on his current point-of-sale system five years ago. The new point-of-sale technology will cost $25,000, and will dramatically improve the speed at which his counter staff will be able to take orders, and reduce the owner's administrative work. How should the owner account for the cost of the current point-of-sale technology when performing the capital budgeting analysis to determine whether or not to purchase the new point-of-sale technology?
a. He should include the cost of the current point-of-sale system as part of the cost of the new point-of-sale system.
b. He should ignore the cost of the current point-of-sale system when evaluating the cost of the new point-of-sale system.
c. He should include half of the cost of the current point-of-sale system when evaluating the cost of the new point-of-sale system.
A large soft-drink company currently produces regular cola and diet cola. It is considering introducing a new soft drink that tastes like regular cola but has zero calories like the diet cola. The new zero-calorie drink that tastes like regular cola is most likely to produce_____externality
The owner should ignore the cost of the current point-of-sale system when evaluating the cost of the new point-of-sale system when performing the capital budgeting analysis to determine whether or not to purchase the new point-of-sale technology i.e. Option B
In this example, the current point-of-sale technology is a sunk cost, since it has proactively been paid for and the proprietor can't get his cash back for it. He ought to just overlook the expense of the ongoing retail location framework while choosing whether or not to buy the new retail location framework. A POS or point of sale is a gadget that is utilized to deal with exchanges by retail clients. A sales register is a kind of POS. The sales register has generally been supplanted by electronic POS terminals that can be utilized to handle Visas and check cards as well as money.
A POS might be an actual gadget in a physical store or a checkout point in an electronic store.
The product for POS gadgets is becoming progressively intricate, with highlights that permit retailers to screen stock and purchasing patterns, track valuing precision, and gather advertising information
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block grants are designed to group of answer choices impose strict limits on how state governments can spend money from the federal government. fund capital improvements in schools. fund urban improvements on specific city blocks. give the states more control in how they spend federal funds.
Block grants are distributed but with fewer restrictions on how the funds are spent compared to other types of federal funding. This allows states to have more flexibility in designing and implementing programs that address their unique needs and priorities.
Block grants are federal funds distributed to state and local governments for specific policy areas such as health care, education, or social services. Block grants, unlike other types of federal funding, give states more leeway in how they spend the money. While there may be some general guidelines for how block grant funds can be used, states typically have more control over the design and implementation of block grant programmes. This enables states to tailor programmes to their specific needs and priorities, rather than having to adhere to a one-size-fits-all approach imposed by the federal government.
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what is the enterprise value and recovery rate for each class of creditors implied by the april 2009 attempted exchange offer?
According to rates, stock prices, the value of the dollar as it is exchanged, and many other asset prices, the suitable discount rate for each District was determined.
What does trade credit come from?The simplest and most crucial short-term financing option for enterprises is likely trade credit. The most straightforward definition of trade credit is a contract to purchase products and/or services on account without making immediate cash or check payments.
Most new small firms receive start-up capital from who?Professional investors like venture capitalists and/or angel investors supply the majority of startup cash to start-up businesses. Banks and other financial organizations are additional sources of startup funding.
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jack keeps current buyer tastes in mind when touring a home during a pre-listing appointment. this helps him to .
When seeing a home during a pre-listing appointment,He gains from this. Option B.Make a note of any recommended updates to discuss later with the sellers.
The required details about pre-listing appointment is mentioned in below paragraph.
A pre-listing package is a comprehensive document that contains all the information sellers would need to know about you and your strategy for selling their house. Traditionally, a pre-listing meeting is organized, but before it occurs, a pre-listing package is delivered to the sellers.
The pre-listing appointment is the ideal time to highlight any modifications or improvements that are required. You'll be able to help the sellers out by making ideas based on your understanding of current buyer preferences.
(COMPLETE QUESTION)
Jack keeps in mind current buyer tastes when touring a home during a pre-listing appointment. This helps him to __.
- Block out any dated features
- Make a note of any recommended updates to discuss later with the sellers
- Determine whether he wants to list a home that's too dated
- Compile a list of current buyers who would like the home.
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True or false? Variable manufacturing overhead costs are treated as period costs under both absorption and variable costing.
The statement variable manufacturing overhead costs are treated as period costs under both absorption and variable costing is false. Both absorption and variable costing treat variable manufacturing overhead costs as product costs.
Costs associated with the production of the product are costs. These expenses are added to the product's cost as capital expenses. Fixed manufacturing costs are treated as product costs under absorption costing, making them an asset until products are sold.
Fixed manufacturing overhead is treated as a period cost under variable costing and is immediately expensed on the income statement. Absorption costing includes the variable manufacturing costs in the cost of a product in addition to the fixed manufacturing overhead costs.
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Compare and contrast three structures of tax system
The three structures of a tax system are progressive, regressive, and proportional. Each of these structures has different implications for how individuals and businesses are taxed.
Progressive taxes are those that increase in rate as income increases. This means that individuals with higher incomes pay a higher percentage of their income in taxes. Examples of progressive taxes include income taxes and estate taxes.
Regressive taxes, on the other hand, decrease in rate as income increases. This means that individuals with lower incomes pay a higher percentage of their income in taxes. Examples of regressive taxes include sales taxes and excise taxes.
Proportional taxes, also known as flat taxes, are those that remain the same regardless of income. This means that all individuals pay the same percentage of their income in taxes. Examples of proportional taxes include property taxes and some corporate taxes. Overall, the main difference between these three structures of the tax system is how they affect individuals with different levels of income. Progressive taxes tend to benefit those with lower incomes, while regressive taxes tend to benefit those with higher incomes. Proportional taxes, meanwhile, have the same impact on all individuals regardless of their income level.
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Labor intensive intertillage is often practiced in a. the canadian wheat belt b. southeast asia c. the turkish highlands d. the english countryside
Labor intensive intervillage is often practiced in the Canadian wheat belt is the correct option.
Labor intensive intertillage is a common agricultural practice in the Canadian Wheat Belt, a region located in western Canada that is known for its extensive wheat production. The Canadian Wheat Belt is characterized by its fertile soil, moderate climate, and abundant rainfall, making it an ideal location for growing a variety production of crops. In order to improve soil health and increase crop yields, farmers in the Canadian Wheat Belt often practice labor intensive intertillage, which involves manually tilling the soil to control weeds and improve soil structure. This type of intertillage is often used in combination with other agricultural practices, such as crop rotation, to maximize the benefits to the soil and crops.
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heidi has shown her employees that she values achievement, has much concern for others, and is honest and fair. these are all values. a.instrumental b.terminal c.work d.cultural
Option d is correct. Heidi has demonstrated to her employees that she values achievement, concern deeply about others, is honest and fair - all these are cultural values.
What does cultural values mean?Cultural values are the core beliefs of a culture about what is good and what is right. We all have cultural values. These are sometimes called “cultural values”. They are shaped by the cultures we most resonate with. Examples of cultural values include morality, rules, values, language, beliefs, art, literature, music, social roles, customs and traditions.
Why are cultural values important?Culture values has important role in social and economic benefits as well as providing intrinsic values. Through improved learning and health, increased tolerance, and opportunities to connect with others, culture improves our quality of life and enhances the overall well-being of individuals and communities.
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suppose an extended period of political upheaval leads individuals to believe that the economy is heading toward a long recession. as a result, people will likely become more willing to accept money in exchange for goods and services. u.s. dollars are an example of money.
In general, it is true that during times of economic instability, individuals are more prepared to take money in exchange for products and services.
How can it be explained in detail?This is so that individuals are less likely to invest in riskier assets like stocks or real estate during periods of economic volatility and are more likely to hang on to cash or other types of money. To guarantee that they can continue to make money under such circumstances, firms can also become more open to accepting other payment methods, including cash.
It is also accurate to use the example of US dollars as a unit of currency. The United States and many other nations across the world accept U.S. dollars as a common form of payment. As they are backed by the U.S. government's full faith and credit, they are regarded as a generally stable and trustworthy kind of money.
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southwest is a private not-for-profit entity. it acquires northeast, another private not-for-profit entity. the acquisition value is $980,000. northeast has two assets (and no liabilities): equipment with a net book value of $120,000 but a fair value of $150,000 and a building with a net book value of $500,000 but a fair value of $800,000. in the future, northeast expects to receive some support through donations. nonetheless, the entity is not expected to be predominantly supported by these donations and any investment income earned. after the combination, what amount should be reported for goodwill?
The excess of the consideration transferred over the net identified assets bought is used to calculate goodwill. Transferred consideration = $980,000 Net identifiable .
assets purchased = $120,000 (fV for equipment) + $800,000 (fV for building) = $920,000 Goodwill = transferred consideration - net identified assets purchased $980,000 − $920,000 = Goodwill Goodwill equals $60,000 As a result, the amount stated for goodwill following the merger is $60,000. The excess of the consideration transferred over the net identified assets bought is used to calculate goodwill. Transferred consideration = $980,000 Net identifiable . southwest is a private not-for-profit entity. it acquires northeast, another private not-for-profit entity. the acquisition value is $980,000. northeast has two assets (and no liabilities): equipment with a net book value.
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When a job is completed, the job costs are transferred OUT OF ______.
cost of goods sold
manufacturing overhead
work in process
finished goods
When a job is completed, the job costs are transferred OUT OF Work in Process (WIP).
Work in process is the inventory account that represents the costs of unfinished products, including direct materials, direct labor, and manufacturing overhead. When a job is completed, the costs associated with that job are transferred out of WIP and into the finished goods inventory account. From there, the costs may be transferred to cost of goods sold when the finished goods are sold. In accounting, WIP refers to the value of partially completed goods or services that are in the production process. It represents the cost of the materials, labor, and overhead that have been invested in a product that is not yet finished.
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bunching itemized deductions is one form of tax avoidance. group startstrue or falsetrue, unselectedfalse, unselectedgroup ends
You have two options for deductions on your federal income tax return: itemized deductions or the standard deduction.
Is grouping itemized deductions a way to avoid paying taxes?Tax avoidance techniques include grouping itemized deductions. The lesser of the standard deduction and additional deductions is usually what taxpayers deduct. The fundamental standard deduction is the same for taxpayers filing separately for married and single filers.
What shape do itemized deductions take?Calculate your itemized deductions using Schedule A (Form 1040 or 1040-SR). The bigger of your itemized deductions or standard deduction will often result in a lower federal income tax bill.
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refer to table 7-1. if the price of the product is $110, then who would be willing to purchase the product?
Therefore Calvin, Sam and Andrew is willing to purchase the product.
As per the data given in the above question are as bellow,
It is difficult to determine who would be willing to purchase a product based solely on its price of $110, as there are many factors that can influence a consumer's decision to buy a product, such as their income, preferences, needs, and budget.
However, it is possible to make some generalizations based on typical consumer behavior and market research.
As we know that the price of the product $110.
Calvin is willing to pay $150
While Sam is willing to pay $135
Andrew is willing to pay $120
This all are willing to pay amount more that $110.
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Note: The complete question would be as bellow,
Refer to table 7-1. if the price of the product is $110, then who would be willing to purchase the product?
if an auditor is performing procedures related to the information that is contained in the client's pension footnote, he/she is most likely to obtain evidence concerning management's assertion about:
The likelihood of finding evidence supporting management's claim about presentation and disclosure increases if an auditor conducts processes relating to the data in the client's pension footnote.
What is the goal of an auditor's audit of the data in the pension footnote?Obtaining proof for management's claim about presentation and disclosure is most likely the goal of an auditor's audit of the data in the pension footnote.
The goal of the auditor is to determine and evaluate the likelihood of a major misstatement at the financial statement and assertion levels, whether as a result of fraud or error.
Existence assertions are management claims that describe the company's real-world assets and liabilities, ensuring that the numbers on the financial statement are accurate and not overstated.
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if you deposit $100 in one year, $200 in two years, and $300 in three years, how much will you have in five years? assume that you earn 7% on this account.
Future value is first part: amount deposited * (1 + r) 7% interest rate equals $0.07 with n being the number of years. The final sum is displayed in the table below.
In three years, we shall determine each sum's future value. Keep in mind that the $100 generates interest for two years while the $200 does so for just one. $300 more receives no interest. Following are the projected values: $100*1.72=114.49
$200*1.07=214.00\s+300 = 300
Future value in total is $628.49
Therefore, the total future value is $628.49. $628.49 - (100+200+300) = $628.49 is the entire interest.
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Whether carried out by an individual or a country, production beyond the production possibilities frontier A. is not physically possible. B. is possible only through trade. C. can occur by acquiring more productive resources, D. happens as a result of forced saving.
Option A. Production beyond the production possibilities frontier (PPF) is not physically possible.
The PPF represents the maximum possible output of two goods that an economy can produce using its available resources and technology. Any point inside the PPF is inefficient because resources are not being used to their full potential. Any point outside the PPF is not attainable given the current level of resources and technology.
Therefore, it is not possible to produce beyond the PPF by any means, whether carried out by an individual or a country. It cannot be achieved through trade, acquiring more productive resources, or forced saving. In order to increase production beyond the PPF, an economy must either acquire additional resources or develop new technology that allows for more efficient use of existing resources.
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if the federal government cuts government spending and the federal reserve cuts the federal funds rate, what effect will this have on the private sector (expansionary or contractionary)?
If the federal government cuts government spending and the Federal Reserve cuts the federal funds rate, the overall effect on the private sector will generally be contractionary.
A cut in government spending reduces the overall demand for goods and services, as the government is a major source of demand in the economy. This reduction in demand can lead to a decrease in economic activity and employment, as firms reduce their production and hiring in response to lower demand for their products.
A cut in the federal funds rate, the customer interest rate at which banks lend to each other overnight, reduces the cost of borrowing and encourages borrowing and spending. However, in this scenario, the effect of lower interest rates may be offset by the contractionary impact of the cut in government spending.
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a company had $500,000 of bonds outstanding with an unamortized premium of $25,000. these bonds were retired at 102. how much was the gain or loss on the retirement, if any
These bonds were retired at 102 the gain or loss on the retirement is $15000.
Retirement is the stage of life at which one decides to leave the workforce behind forever. The majority of industrialised nations, including the United States, have a national pension or benefits system in place to augment retirees' wages, and the usual retirement age in these nations is 65. Establishing retirement income objectives and the resources required to meet them is a part of retirement planning. Identification of income sources, estimation of expenses, implementation of a savings plan, and management of assets and risk are all components of retirement planning. The period of time when a person decides to permanently leave their working life behind is referred to as retirement. When they are too elderly or ill to work, many people make the decision to leave the labour.
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where are you likely to find first-line managers within an organization?multiple choice question.in manufacturing onlyin advertising, marketing, and talent outreach onlyin tech support onlyin all departments and functions
Manufacturing olein advertising likely to find first-line managers within an organization.
What do first line managers go by most of the time?Depending on the sector they operate in, first-line managers may also go by various names including assistant managers, shift managers, foremen, section managers, and office managers.
There are typically three layers of management: top managers, who are in charge of overall performance; middle managers, who answer to top managers and supervise lower-level managers; and first-line managers, who watch over staff to ensure that work is completed properly and on time.
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when a brand extension confuses consumer perceptions about the brand and results in consumers thinking less favorably about the brand, it is known as .
when a brand extension confuses consumer perceptions about the brand and results in consumers thinking less favorably about the brand, it is known as Brand dilution.
When a business applies one of its well-known brand names to a new product or new product category, this is known as brand extension. Sometimes people refer to it as "brand stretching." The goal of a brand extension is to assist a company launch its newest product by leveraging its existing brand equity. The business depends on its existing clientele's brand loyalty, which it hopes will make them more receptive to new products from the same brand. If it is successful, a brand extension can assist a business in reaching new demographics, growing its clientele, boosting sales, and increasing overall profit margins.
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Advances in information technology and the development of programs like TurboTax, which guides people through their tax filing, have...
Group of answer choices
Raise the demand for tax preparers
Lowered the demand for tax preparers
Increase the wages for tax preparers
Increased the supply of tax preparers
Guides people through their tax filing, have increased the supply of tax preparers. You anticipate that your preparer will file your income tax return accurately and with skill. The answer is OPTION D.
The process of preparing tax returns—often income tax returns—for someone other than the supply taxpayer is known as tax preparation, and it is typically done for pay. Taxpayers can prepare their taxes on their own or with the assistance of internet providers and tax preparation software.
Tax preparation, printing of federal tax returns, and free federal e-filing of up to five federal tax returns are all included in the supply. The cost of electronically filing state returns may be higher.
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Answer:
B) Lowered the demand for tax preparers
Explanation:
Think about it. If people can do their taxes online without having to pay as much, the demand for tax preparers is going to go down because people don’t want to pay more and TurboTax replaces the Tax Preparers.
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why might red bull create its own sporting events, music festivals, and other promotional opportunities, rather than clapping their name on existing events, as the reporter in the video put it?
Skill, speed, and stamina are the three s’s that mark the world’s best automobile race, the 24 Hours of Le Mans. The race, organized by Automobile Club de L’Ouest, bridges past and present on the automotive circuit.
The competition is set on a non-permanent track at Circuit de la Sarthe near the city of Le Mans on the Sarthe River. Roughly 46 cars start the race, in a series of classes that include prototype high-performance vehicles, dedicated race cars, and street cars.
The diversity of autos gives the race a mix of old-fashioned and modern competitors. The winner is the car, driven by a team of three drivers, that covers the greatest distance in 24 hours.
The first Le Man's contest took place in May 1923; today it is held every June. The race begins at 4 p.m., and for 24 hours the sound of roaring engines fills 8 miles (13 kilometers) of the French countryside.
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What element is most fundamental and therefore most important to the execution of most types of marketing activities?
A. Creativity
B. Connectedness
C. Exchange
D. Productivity
E. Promises
The most fundamental element of marketing activities is exchange, because It involves exchanging products, services, and/or ideas for something of value, typically money or other forms of payment. Exchange is the foundation of most marketing activities and is the main way companies create value and turn a profit.
What is exchange in marketing?Exchange is the process of giving something of value to another party in return for something of value from them. This is the basis of all marketing activities, as the goal of marketing is to facilitate the exchange of goods or services between a business and its customers. Without exchange, there can be no marketing, as there would be no transactions or relationships between the business and its customers.
While creativity, connectedness, productivity, and promises are all important aspects of marketing, they all ultimately serve the purpose of facilitating exchange. For example, creativity is used to develop marketing campaigns that will attract customers and encourage them to engage in an exchange with the business. Similarly, connectedness, productivity, and promises are all used to build relationships with customers and create value for them, which will ultimately lead to an exchange.
Therefore, exchange is the most fundamental and important element of marketing activities.
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assume that the clinic used the price that they need to exactly break even at 10,000 shots. fewer people than expected showed up and purchased the flu shot. the clinic would:
The clinic would: have a loss.A clinic is a medical facility that primarily provides services for outpatients (also known as an outpatient clinic or an ambulatory care clinic).
Clinics may be managed and supported by the government or operated privately. Smaller hospitals frequently provide the primary care needs of residents in their communities, in contrast to larger hospitals that offer more specialised treatments and admit inpatients for overnight stays.A general practise run by one or more general practitioners that provides minimal therapeutic treatments is referred to as a "clinic" in English. A specialty clinic is referred to as a "clinic." Even after growing to the scale of large hospitals or collaborating with a hospital or medical school, several clinics still operate under the name "clinic."
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in a swot analysis, blank refer to the positive internal attributes of the firm. multiple choice question. threats strengths weaknesses opportunities
The SWOT analysis is a very helpful technique for understanding and making decisions in a variety of business and organisational scenarios. Strengths, Weaknesses, Opportunities, and Threats is also known as SWOT. Below is information about the history and creators of SWOT analysis.
The headings of the SWOT analysis offer a useful framework for analysing the strategy, position, and direction of a corporation, a business proposition, or any other idea. A SWOT analysis is easy to complete and makes a wonderful topic for workshop sessions. SWOT analysis is useful during brainstorming sessions as well. Business planning, strategic planning, competition analysis, marketing, business and product development, and research reports can all benefit from SWOT analysis. SWOT analysis exercises can also be used in team-building activities. Keep in mind that SWOT analysis, particularly in business and marketing planning, is frequently interpreted and applied as a SWOT Analysis 2x2 Matrix.
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Fill The Blank! the entry to record the purchase of merchandise on account causes an increase in _________.
Account payables go up due to the entry that records the purchase of goods on credit.
What is Account payables?A liability on a firm's balance sheet is represented by accounts payable, which is money owed by a company to its suppliers. Unlike notes payable liabilities, which are obligations made possible by formal legal instrument documents, it is distinct from such debts. The financial, administrative, and clerical assistance of a business falls within the purview of the accounts payable department. They are in responsibility of paying vendor invoices or bills, tracking the company's short-term debts, and making payments the company owes to suppliers and other creditors. Accounts payable (AP) is a crucial business process that has an impact on the profitability and efficiency of your entire firm. Fundamentally, it is the entire amount owed by your business to its suppliers and vendors for the products and services it has acquired.
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if the real interest rate declines by 1 percent and the inflation rate increases by 2 percent, the nominal interest rate must:
The nominal interest rate predicted by the Fisher equation rises by 1% if the real interest rate falls by 1% and the inflation rate rises by 2%.
What outcome is predicted?
A predicted grade is the level of proficiency that an applicant's school or college predicts they will attain under ideal conditions. In order to comprehend an applicant's potential, universities and colleges use these anticipated grades as part of the admissions process. The portion of a sentence or clause known as the predicate describes what the subject is or is doing. Take the previous phrase, "The cat is napping in the sun." The predicate, which describes what the cat is doing, is the sentence napping in the sun.
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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)
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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