Warren should include $0 in his report as the total impact of this adjustment. A change in the depreciation method is a technique change that cannot be distinguished from a change in the estimate and is recorded as such.
Briefing:-In the current year and subsequent years, the change is reported prospectively. On the income statement, a change in the depreciation method is no longer treated as having a cumulative effect.
Which of the following qualifies as a modification of accounting principles?The right response is to switch inventory valuation from average cost to FIFO. A change in accounting policy is regarded as changing the method used to value inventories.
What among the following would be a change in accounting principle's indirect effect?(a) If possible, the impacts of deferred taxes, which are a direct result of the change in accounting principle, should be reported in the period that is presented the earliest. Profit sharing and royalties are examples of indirect effects that need to be recorded throughout the transition.
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republic industries decides to price delivery services according to the results of a recent activity-based costing (abc) study. the study indicates republic should charge $8 per order, 2% of annual order value for general delivery costs, $1.25 per item, and $30 for delivery. a year later, republic collected the following information for two of its best customers: cost drivercustomer ccustomer d number of orders188 number of deliveries1010 total number of items2,0004,000 annual order value$ 120,000$ 80,000 what are the total delivery costs charged to customer c during the year?
Charge $8 per order.2% of annual order value is general delivery cost, $30 per delivery, $1.25 per item. Customer D delivery cost= (8 * 8) + (2% * 80,000) + (30 * 10) + (1.25 * 4,000)= $6,964 is the answer.
What kind of sectors exist?Typically, the products and services that an industry produces are used to classify it. The manufacturers who make and sell pizza on the market, for instance, make up the pizza business. It is significant to remember that a pizza maker must sell the product they produce on the market in order to be considered a member of the pizza industry.
What do you mean when you say "industries"?industry: a collective of profitable businesses or establishments that create or provide products, services, or sources of income. Industries are typically categorized in economics as primary, secondary, tertiary, and quaternary; secondary industries are additionally categorized as heavy and light.
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A sensitivity analysis as part of a supplier selection model is a good approach to understand: a. How robust your model is b. What will happen if some of your key assumptions change c. The impact of a supplier price increase on your final costs d. All of the above e. Only a and b f. None of the above
Option D is correct. All of the above about sensitivity analysis as part of a supplier selection model
A sensitivity analysis is a method used to evaluate how the uncertainty in the model's assumptions affects the results. It helps to understand how robust the model is, and what will happen if some of the key assumptions change. In the context of supplier selection, it helps to identify which factors have the most significant impact on the final decision, and what will happen if the supplier's prices change.
A sensitivity analysis is used to identify the critical assumptions, and it is a useful tool to understand the potential impact of changes in input parameters on the model's output. It also helps to evaluate the robustness of the model and make any necessary adjustments to it, so it is more reliable.
Therefore, a sensitivity analysis as part of a supplier selection model is a good approach to understand all of the above, how robust your model is, what will happen if some of your key assumptions change, and the impact of a supplier price increase on your final costs.
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the value of a house increased by 8% from january 1, 2016, to january 1, 2017. then, the value of the house decreased by 3% from january 1, 2017, to january 1, 2018. what was the net percentage increase in the value of the house from january 1, 2016, to january 1, 2018?
Net percentage is the ratio of businesses reporting a rise (or improvement) over those reporting a decline (or deterioration) for a particular factor.
The total percentage increase in the value of the house from January 1, 2016, to January 1, 2018, is 4.76%.
Given values,
Value of a house increased by 8%The value of the house decreased by 3%Formulate the values based on the conditions stated
=(1-3%)×(8%+1)-1
Determine the total or difference
=0.97 × 1.08-1
Determine the quotient or product
=1.0476-1
Determine the total or difference
=0.0476
Add the numerator and denominator together to multiply a number
= [tex]0.0476(\frac{100}{100} )[/tex]
The single fraction should be written
=0.0476 × 100 / 100
Determine the product or quotient
= [tex]\frac{4.76}{100}[/tex]
Convert a fraction with a 100 denominator to a percentage
=4.76%
Therefore, The total percentage increase in the value of the house from January 1, 2016, to January 1, 2018, is 4.76%.
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identify a disadvantage of standardization of products. multiple choice question. there are fewer parts to deal with in inventory and in manufacturing. training costs and time reduces. purchasing, handling, and inspection procedures are more routine. decreased variety
One disadvantage of standardization seems to be the potential of standardizing design concepts too early, which might also make future modifications difficult.
What exactly do you imply by "standardization"?Within a given industry, standardization is the method of developing, promoting, and possibly mandating benchmarks and interoperable technologies and processes. Standards for technologies can requirement technology quality and consistency while also ensuring compatibility, interoperability, and safety.
How does one go about standardizing something?To systematize variables, you typically compute the standard deviation and mean for each variable. The mean is then subtracted from each observed value for the variable and divided by the standard error.
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access to consumer (individual) credit reports is restricted by law. which of the following is true regarding business credit reports? businesses do not have credit reports. access to a business credit report is restricted by law. business credit reports are very hard to find and extremely expensive to purchase. business credit reports are readily available and can be purchased by nearly anyone.
Anyone may purchase and easily access business credit reports. In order to steal identities, thieves speak with present workers
What do you consider to be business?When someone produces products or renders services with the intent of generating a profit, they are engaging in business. Commercial Definition. A company is a creative group or team that engages in occupation-related activities. They might be business-related, industrial, or something else else.
What is an example of a business?An economic institution known as a business produces and/or distributes goods and services with the goal of making money and accumulating wealth. Whatever the kind of business entity, such as a sole proprietorship, a Hindu undivided family, or a partnership firm.
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concern has been expressed on the part of congress and the president about what should be the optimal tax rate for those individuals who make more than $500,000 per year. this issue corresponds to what branch of economics?
The president and Congress have expressed concern regarding the appropriate tax rate for individuals who earn more than 500,000 dollars per year. The normative economics is the subject of this issue.
How Does Normative Economics Work?A perspective on economics known as normative economics reflects normative, or ideologically prescriptive, assessments of economic development, investment projects, statements, and scenarios.
Instead of facts based on statements of cause and effect, normative economics places a greater emphasis on value judgments and statements of "what ought to be," as opposed to positive economics, which relies on objective data analysis. It makes ideological judgments about what economic activity might look like if public policy changes. Statements about normative economics cannot be tested or verified.
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a strategy that aligns a company brand with a cause to generate business and societal benefits is called . question 4 options: a) ethic marketing b) cause marketing c) response marketing d) social marketing
Option (b), Cause marketing is a tactic used to connect a business brand with a social cause in order to advance both the business and societal goals.
What is involved in cause marketing?Cause marketing is a collaborative effort between a for-profit business and a nonprofit group to accomplish a common objective. Initiatives run by for-profit businesses that are social or altruistic are another name for cause marketing. If a brand is connected to a nonprofit, its corporate social responsibility will normally rise.
Why is cause marketing so important?According to the experience of numerous firms, cause marketing may help companies achieve many of their important marketing objectives, such as increasing brand visibility, customer engagement, and sales, while also keeping their ethical convictions.
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after the completion of training under the newly appointed transactional leader, the nurse manager intends to judge the performance of the new leader through interaction with the staff. which type of statements would the manager expect to receive when asking about the outcome of training? select all that apply. one, some, or all responses may be correct.
Peer review is an assessment of the work produced by one or more individuals with comparable skills to job providers. It operates as a type of self-regulation by qualified members of a profession within the pertinent sector.
Techniques are being utilised to uphold credibility, boost performance, and enforce quality standards. Peer review is occasionally used in academia to decide if a piece of research is suitable for publication. Peer reviews may be categorised by the kind of activity they are and the field they are conducted in, like medical peer reviews.
By ensuring that patients, staff, and patients' families are communicating, nurse managers help unit staff members deliver the best secure care.
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A mortgage and a lien are both examples of
O deeds of trust.O concepts which are legal in some states but not in others.
O easements.
O encumbrances.
A mortgage and a lien are both examples of easements.
Hence, Option C is correct
A mortgage is a contract between you and a lender that grants the lender the right to seize your property in the event that you are unable to repay the loan amount plus interest.An immovable asset, such as a home or commercial property, is used as collateral for a mortgage loan, a secured loan that enables you to access money. Up until the loan is paid back, the lender retains the asset.The act of providing something as a guarantee or collateral against a loan is referred to as mortgage. When looking for secured loans, the phrase might be encountered. Generally speaking, all types of mortgagesTo know more about mortgage here-
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Sales mix is the (volume/ratio/mix) _____ of the sales volumes for various products.
The percentage of sales volumes for diverse products is known as the sales mix.
The Sales Mix Is What?The ratio of each product that a company sells in relation to overall sales is calculated using the sales mix. Because some items or services may be more profitable than others, the sales mix is important because it can affect a company's earnings. The control of sales mix is a tool for maximizing business profit.
The sales mix of a firm is used by analysts and investors to assess its potential for overall growth and profitability. A corporation can reduce or even stop selling a low-profit product if profits are stagnant or falling, and instead concentrate on boosting sales of a high-profit good or service.
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a free exchange of information helps organizations a. build employee morale. b. serve the public. c. do all of these (respond rapidly to changing markets, build employee morale, serve the public). d. respond rapidly to changing markets.
A free flow of information enables businesses to serve the public, improve staff morale, and react quickly to changing markets.
What exactly is information exchange?The cross-border transfer of taxpayer information of tax administrations is known as exchange of information (EOI). A tax system may seek another jurisdiction for precise details on a particular case. This situation is referred to as EOI at request.
What is the primary platform for information exchange?Communication is the sharing of information. It entails exchanging messages via exchanging sentiments, convictions, and viewpoints. It can be done orally, visually, physically, or behaviorally. It requires a sender, a receiver, and a channel of communication.
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Financial accounting information is least useful in providing: a. information for stating corporate wide goals. b. infomation for internal decision makers. c. periodic reports for shareholders. d. aggregate in fomation about an organization's assets, obligations and performance.
Financial accounting information is least useful in providing: information for internal decision-makers.
Hence, option B is correct
A financial asset, which is a liquid asset, has value based on an ownership claim or contractual right. Cash, investments in stocks, bonds, mutual funds, and bank deposits are a few examples of financial assets.
Deposits, securities, bonds, money, and other valuable items that can be converted into debt, equity investments, or other liabilities. Financial assets include, for example, direct investments, bank loans, as well as official private holdings of debt and equity securities and other instruments.
A financial asset, which is a liquid asset, has value based on an ownership claim or contractual right. Cash, investments in stocks, bonds, mutual funds, and bank deposits are a few examples of financial assets.
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How does the production possibility curve illustrate the concept of opportunity cost?
The Production Possibilities Curve (PPC) is a model that reflects scarcity and the opportunity costs of decisions when faced with the prospect of creating two items or services.
Points on the PPC are efficient, but points beyond the PPC are impossible to obtain. The opportunity cost of switching from one efficient combination of production to another efficient combination of production is the amount of one good sacrificed in order to obtain more of the other.
The design of the PPC also reveals information about the manufacturing method (in other words, how the resources are combined to produce these goods).
The bowed out shape of the PPC suggests that production opportunity costs are increasing. The PPC model can also be used to depict economic growth, which is represented by a shift in the PPC.
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teams and groups are the same thing. a. true b. only in the military. c. only with generation y team members. d. only in multinational organizations. e. false
Teams and groups are not the same thing. The answer is false.
What is a team?A team is a collection of individuals who cooperate to accomplish a single goal or objective.
Teams often have a set structure, roles that members must play, and tasks or obligations that must be completed.
Teams are dedicated to attaining their shared objective and have a strong sense of purpose.
Teams have a defined method for communicating and making decisions, and members rely on one another to complete tasks.
Members are held accountable for the team's performance and outcomes, and teams have a clear sense of accountability and responsibility.
Teams may vary in formality, but they are always created with a specific goal in mind.
A varied range of knowledge, skills, and life experiences are shared by the members of effective teams.
A group is a collection of people who gather together to work toward a similar objective. The types of groups include casual ones like a group of friends and official ones like a committee at work.
A team, on the other hand, consists of individuals who cooperate to accomplish a single aim or objective. Teams often have a defined structure and functions, and each member is assigned a certain set of duties
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There are four stages in an economic recovery.
1. increased production
2. rising demand (occurs twice)
3. increased hiring
In which order do these stages occur?
Choose matching definition
2, 1, 2, 3
3, 2, 1, 2
2, 3, 1, 2
2, 1, 3, 2
The order of four stages are Rising demand, increased production, increased hiring, rising demand.
An Economic recovery means the recovery after a recession. That means economy is starting to grow after a fall. Recession is a phase where there is negative economic growth. When this happens continuously for two consecutive quarters, it is called recession. During this time the demand falls, unemployment rate increases and productivity falls.
During a recovery, there will be positive economic growth. Production increases, also demand increases. To keep up with demand there will be increased hiring, employment rates go up. people could afford more purchases, again demand rises.
So the answer will be of the order 2,1,3,2
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during a back to school shopping frenzy, a price ceiling of $5 is put on a pack of pencils. calculate the shortage caused by the price ceiling. pricequantity suppliedquantity demanded $41001000 $5250750 $6500500 $7800300 $81,000100
When imposed below the equilibrium price, a price ceiling results in a shortage on the market. This occurs because the quantity offered exceeds the quantity demanded at a lower price. resulting in a shortage.
The demand and supply factors must be in balance for a price to reach equilibrium. Prices are likely to return to this equilibrium unless demand or supply characteristics change. When either supply or demand, or both, change, the equilibrium price shifts.
The quantity requested in the given question is 750, while the quantity supplied is 250, with a price ceiling of $5. As a result, the shortage can be attributed to the quantity demanded minus the quantity supplied, which equals 500 packs of pencils.
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The annual output and prices of a 3-good economy are shown in the table below.
Good Price Year 1 Quantity of Goods Year 1 Price Year 2 Quantity of Goods Year 2
Quarts of ice cream $4.00 3 $4.00 5
Bottles of shampoo 3.00 1 3.00 2
Peanut Butter 2.00 3 2.00 2
a. What was the economy's GDP in year 1?
b. What was its GDP in year 2?
A. To calculate the GDP in year 1, we need to multiply the quantity of each good by its price and then add the values together.
. Quarts of ice cream: 3 quarts x $4.00/quart = $12.00
. Bottles of shampoo: 1 bottle x $3.00/bottle = $3.00
. Peanut Butter: 3 jars x $2.00/jar = $6.00
So, the GDP in year 1 is $12.00 + $3.00 + $6.00 = $21.00
B. To calculate the GDP in year 2, we again need to multiply the quantity of each good by its price and then add the values together.
. Quarts of ice cream: 5 quarts x $4.00/quart = $20.00
. Bottles of shampoo: 2 bottles x $3.00/bottle = $6.00
. Peanut Butter: 2 jars x $2.00/jar = $4.00
So, the GDP in year 2 is $20.00 + $6.00 + $4.00 = $30.00
From this calculation, we can see that GDP increased from year 1 to year 2, indicating that the economy is growing.
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in a company, 78% of the employees opt for medical insurance and 42% of the employees opt for life insurance. 82% of the employees opt for at least one of these benefits. what percent of the employees opt for both of these benefits?
The percent of the employees opting for both medical and life insurance is the intersection of the two groups, or 36%. This can be calculated by first determining the total amount of employees: 78% + 42% - 82% = 38%.
What is the purpose of providing medical and life insurance benefits to employees?The purpose of providing medical and life insurance benefits to employees is to provide financial protection and security in the event of illness, injury, or death. These benefits can help employees feel more secure in their jobs, as well as provide peace of mind in the event of an unexpected financial burden. They can also help employers attract and retain talent, as well as provide a more attractive benefits package to potential employees.
What other types of insurance benefits do companies typically offer their employees?Companies typically offer other types of insurance benefits to employees such as disability insurance, dental insurance, vision insurance, and accident insurance. Some employers also offer long-term care insurance, critical illness insurance, and pet insurance.
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Which of the following is a significant decline in general economic activity over an extended period that includes declining real income and rising unemployment
A recession is defined as a lengthy period of weak or negative real GDP growth accompanied by a significant increase in the rate of unemployment.
A recession is characterized as a prolonged, severe, and widespread fall in economic activity. Despite the use of increasingly complex algorithms, a typical rule of thumb is that two subsequent quarters of negative GDP increase signal a recession. A recession is a significant, widespread, and long-term decline in economic activity. Economists assess the length of a recession by comparing the preceding expansion's peak to the downturn's bottom. An inverted yield curve predicted the past 10 recessions, however some of the predicted recessions did not occur. The National Bureau of Economic (NBER) uses nonfarm payrolls, industrial production, and retail sales, among other indicators, to calculate recessions, which goes beyond the conventional (but less accurate) two quarters of weaker Global statistic.
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Answer:recession,
Explanation:
if a project manager's power comes from the fact that he or she can fire someone who is not performing as expected, what type of power does that project manager have?
if a project manager's power comes from the fact that he or she can fire someone who is not performing as expected, Penalty (Coercive) type of power does that project manager have.
What does a project manager do?
Controlling the creation of the required deliverables. planning and project management. Implementing any delegating and utilizing roles for project assurance under predetermined reporting structures. creating and keeping up-to-date project, stage, and exception plans as necessary.
One referred to as a project manager?
Organizing, planning, and carrying out projects while adhering to constraints like budgets and timetables is the responsibility of a project manager.
An complete team is led by a project manager, who also establishes the project's objectives, interacts with all parties involved, and sees the project through to completion. High pay and a wide range of job opportunities are two benefits of the fulfilling career of project management. It is, however, a tough career that is frequently very stressful.
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which form is used if the buyer wants the seller to leave personal property with the home after closing?
The most crucial documents in your closing package are the deeds, which contain the declaration that the seller has transferred all ownership interests in the property to the buyer.
Buying a home will probably be the most expensive decision many individuals ever make.
Due to its complexity, the procedure frequently involves other parties, including mortgage lenders, lenders, and even legal counsel from attorneys.
It's crucial to focus on the essentials to make sure you comprehend a potentially complex procedure with so many different parties involved. The seller will often sign a deed transferring their rights to the buyer when you acquire a house from someone else.
Due to its function in the sale and purchase of a property, the deed is one of the most crucial documents that conclude a real estate transaction and is frequently referred to as a closing document. However, the buyer's side of the transaction is also covered by closing documents.
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Which of the following is not a reason why a high dependency rate leads to low levels of social welfare?
A. Resources are disproportionately spent on the oldest members of society.
B. Dependents contribute little to the national economy.
C. Dependents contribute little to the tax base.
D. The average age of the national population is too low to support economic and social growth.
Please select the best answer from the choices provided.
Resources are disproportionately spent on the oldest members of society is not a reason why a high dependency rate leads to low levels of social welfare.
Whenever we talk about resources, we're talking about all the things that are available to us in our surroundings that are both economically and culturally viable, technologically accessible, and assist us meet our needs and desires. Renewable and non-renewable resources can be generally categorised based on their availability. On the basis of their level of development and usage, they may also be divided into real and prospective categories. They can also be divided into biotic and abiotic categories according to their origin, and regional and omnipresent categories according to their dispersion. With time and the advancement of technology, an object becomes a resource. Increasing money, ensuring a system works well, or improving wellbeing are all advantages of resource use.
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which of the following people would be most interested in participating in a business organized as a cooperative? select one: a. eric is interested in the idea of combining his time and resources with others to operate a business providing a good or service that they all will use. b. rose looks to be an owner of a business and share in its profits, but does not want to take an active role in managing the company or participating in its daily operations. c. matteo wants to work for a government-owned business because he believes government ownership ensures a more equitable distribution of income and wealth. d. juliana prefers to work for a charitable organization that emphasizes helping people who are less fortunate than she is.
Option A is correct. Eric is interested in the idea of combining his time and resources with others to operate a business providing a good or service that they all will use.
What is cooperative business?A cooperative business is a type of organization that is owned and controlled by its members, who are also its customers or workers. The members democratically make decisions about the business and share in the profits or benefits it generates. Cooperative businesses can take many forms, such as consumer cooperatives, worker cooperatives, and producer cooperatives, but they all share the principles of self-help, self-responsibility, democracy, equality, equity and solidarity. Cooperative businesses are often established to meet the needs and aspirations of their members in areas such as employment, housing, services, or community development.
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Accounts used to accumulate information from one fiscal period to the next.answer choicestemporary accountspermanent accountsclosing entriesadjusting entries
Accounts used to accumulate information from one fiscal period to the next : Permanent Accounts.
What is a Permanent Account?The accounts with continued balances across time are known as permanent accounts. Permanent accounts include the asset, liability, and equity accounts, which are all combined into the balance sheet.The accounts that remain open throughout time are the ones that keep track of cumulative balances. A prime example of a perpetual account is one that is receivable. Asset, liability, equity, accounts payable, inventories, and investments are other instances of permanent accounts.The Income Tax Government will provide each "person" who applies for a Permanent Account Number (PAN), or to whom the department assigns the number without an application, a ten-digit alphanumeric number in the form of a laminated card.Learn more about Permanent Account refer to :
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Which items should exercise program managers consider when setting the foundation for individual exercises? A. Elected and appointed officials intent and guidance B. Grant or cooperative agreement requirements C. Organizational plans and procedures D. All of the above
The right option is option D, Program managers should base individual exercises on elected and appointed authorities' objectives and guidance, grant or cooperative agreement requirements, and organizational plans and procedures.
Management of an exercise program entails coordinating and facilitating a wide range of physical activities throughout time. By ensuring that exercises are a part of a planned, integrated strategy to establishing, sustaining, and delivering key capabilities, an efficient exercise program helps businesses maximize efficiency, resources, time, and financing.
The first step in this process, known as multi-year planning, is for elected and appointed officials to collaborate with community-wide stakeholders to define and construct a set of priorities for a multi-year exercise that is influenced by previous evaluations, strategies, and plans.
With these long-term goals in mind, exercise planners can create a systematic series of exercises to strengthen, maintain, and deploy essential capacities.
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if you have a limited budget but want your employees to make your product more efficient to get more customers interested in your product, what type of innovation would you encourage? a radical innovation a systems innovation an incremental innovation
Incremental innovation does not produce new concepts or products because it concentrates on little improvements to what currently exists.
What is an innovation of a modest scale?Current products, services, procedures, or methodology of the company serve as the basis for incremental innovation, which entails a series of incremental enhancements. A product's productivity, competitive differentiation, and development efficiency are typically increased through incremental innovation improvements.
What does innovation entail, both radical and incremental?Nguyen (2018) believes that radical innovation includes both the creation of new products and services and the substantial enhancement of those that already exist. Incremental innovation, according to Okuyama (2017), also includes minor technological modifications in addition to a new value or distinction in already existing goods, services, and technology.
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what is a market segment? group of answer choices an area of perceptual map where all points intersect a group of customers with similar purchasing concerns the diverging area of customer buying patterns a geographic area where customers are located a group of customers with differing purchasing concerns
A market segment is a group of customers with similar purchasing concerns. Thus, option (b) can be regarded as correct.
Give a brief account on market segmentation.A marketing term regarded as "market segmentation" refers to the division of prospective customers into groups or segments that have similar needs and reactions to marketing efforts. Market segmentation allows businesses to target multiple consumer groups, each of which has a unique perspective on the complete value of a given commodity or service.
Market segmentation is a development of market research that aims to pinpoint specific consumer demographics so that goods and brands can be tailored to appeal to the group. By determining which products have the best chances of acquiring a share of a target market and the most efficient ways to distribute those products to that market, market segmentation seeks to lower risk.
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A set of clients having comparable purchasing concerns is referred to as a market segment. As a result, choice (b) can be viewed as being correct.
Give a brief account of market segmentation.Market segmentation, a concept used in marketing, is the grouping of potential customers into groups or segments that have comparable demands and responses to marketing initiatives. Market segmentation enables companies to target various consumer groups, each of which has a different understanding of the full worth of a certain good or service.
The goal of market segmentation, a branch of market research, is to identify particular customer demographics so that products and brands can be developed to appeal to the group. By identifying the goods with the greatest potential to capture a portion of a target market and the most effective methods to distribute those goods, to that market, market segmentation seeks to lower risk.
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prepare journal entries to record transactions a through h. a. raw materials purchased on credit, $90,000. b. direct materials used, $36,500. indirect materials used, $19,200. c. direct labor used, $38,000. indirect labor used, $12,000. (record using factory wages payable.) d. paid cash for other actual overhead costs, $11,475. e. applied overhead at the rate of 125% of direct labor cost. f. transferred cost of jobs completed to finished goods, $56,800. g. sales of jobs on credit was $82,000. h. cost of jobs sold was $56,800
Accounts payable account is credited with $90,000 and the raw materials inventory account is debited by $90,000.
Specify a journal entry.Recording a transaction, whether or not it is an economic one, is known as making a journal entry. Transactions are listed in a company's accounting journal that shows the debit and credit balances. The journal entry may include a number of records, each of which is either a debit or a credit.
Create the journal entries necessary to document transactions a through h.Below are the journal entries:
a. Raw materials inventory A/c (Dr.) $90,000
To Accounts payable A/c (Cr.) $90,000
(because raw materials are bought on credit.)
b. Work in progress inventory A/c (Dr.) $36,500
To Raw materials inventory A/c (Cr.) $36,500
(being applied to recorded production)
Factory overhead A/c (Dr.) $19,200
To Raw materials inventory A/c (Cr.) $19,200
(The recorded material is indirect.)
c. Work in progress inventory A/c (Dr.) $38,000
Factory overhead A/c (Dr.) $12,000
To cash A/c (Cr.) $50,000
(Payroll at factories is paid in cash.)
d. Factory overhead A/c (Dr.) $11,475
To Cash A/c (Cr.) $11,475
(Actual overhead is paid for with cash as well.)
e. Work in progress inventory A/c (Dr.) $47,500
($38,000 × 125%)
To Factory overhead A/c (Cr.) $47,500
(As it is applied overhead, recording)
f. Finished goods inventory A/c (Dr.) $56,800
To Work in progress inventory A/c (Cr.) $56,800
(The transfer of items is noted.)
g. Accounts receivable A/c (Dr.) $82,000
To Sales A/c (Cr.) $82,000
(Jobs are sold with accounts)
h. Cost of goods sold A/c (Dr.) $56,800
To Finished goods inventory A/c (Cr.) $56,800
(As the job cost is documented)
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Armando, CEO of a successful medical supply company, is constantly reading press releases, ads, and news articles about his competition. He regularly checks information about new competitive products and visits trade shows to study his competition. Armando is involved in
Multiple Choice
evaluating opportunities.
describing threats.
analyzing strengths.
identifying weaknesses.
managing by observation.
Armando, the CEO, keeps up with news about brand-new rival items and attends trade exhibitions to research them. A part of Armando's job is to assess opportunities.
The trade of products and services from one person or organization to another often takes place in exchange for money. A system or network that permits trading is referred to as a market by economists. Before the invention of money, trades were carried out by bartering, or the direct exchange of one commodity or service for another. Today, the bulk of trade agreements are signed using a medium of exchange like money. As a result, buying can be distinguished from earning or selling. Trade was aided by the creation of money. Bilateral trade is defined as trading between two parties, whereas multilateral commerce comprises more than two parties. According to one contemporary viewpoint, trade is made feasible by specialization and the division of labor.
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Your survey indicates the following beverage choices: 20 milk, 13 water, 22 soda, 32 coffee. What percentage of customers can you satisfied if you just serve milk or water?
If the survey indicates the favorite beverage choices as 20 milk, 13 water, 22 soda, 32 coffee. 38 percentage of customers can be satisfied if you just serve milk or water
A survey is a technique for acquiring data from a sample of people by asking pertinent questions with the goal of comprehending population as a whole. Everyone associated with the economy, from corporations to the media to the government and academia, relies on surveys as a vital source of information and insights. Surveys are research techniques used to gather data from a designated group of respondents in order to learn more and acquire insights into a range of interesting topics. Depending on the technique chosen and the objective of the study, they can be conducted in a variety of methods and serve a variety of objectives.
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