The actions of businesses, marketers, and government bodies can significantly impact consumer behavior.
Consumer behavior is influenced by various immediate factors, including the actions of businesses, marketers, and government bodies.
Businesses have a significant impact on consumers through their marketing strategies, product offerings, and customer service. They use advertising and promotional campaigns to create awareness and influence consumer perceptions and preferences. For example, a business may use persuasive advertising techniques to convince consumers to purchase their products or services.
Marketers also play a crucial role in shaping consumer behavior. They create advertisements and promotional campaigns that aim to attract consumers and influence their purchasing decisions. Marketers use various techniques, such as celebrity endorsements, emotional appeals, and social media marketing, to engage with consumers and create a positive brand image.
Government actions can also affect consumers. Regulations and policies implemented by the government can shape the market environment and protect consumer rights. For instance, consumer protection laws ensure that businesses provide safe and reliable products, fair pricing, and accurate information to consumers.
Learn more:
About factors affecting consumers here:
https://brainly.com/question/30092623
#SPJ11
Use future value and present value calculations (Use Exhibit 1-A, Exhibit 1-B, Exhibit 1-C) to determine the following: a. The future value of a savings deposit of $1,375 after seven years at an annual interest rate of 6 percent. (Round FV factor to 3 decimal places and final answer to 2 decimal places.) Future value
b. The future value of saving $3,350 a year for six years at an annual interest rate of 5 percent. (Round FVA factor to 3 decimal places and final answer to 2 decimal places.) Future value
c. The present value of a savings account that will earn 5 percent annual interest and be worth $3,550 at the end of three years. (Round PV factor to 3 decimal places and final answer to 2 decimal places.) Present value
a. The future value of a savings deposit of $1,375 after seven years at an annual interest rate of 6 percent is $1,887.57
b. The future value of saving $3,350 a year for six years at an annual interest rate of 5 percent is $21,414.76
c. The present value of a savings account that will be worth $3,550 at the end of three years with a 5 percent annual interest rate is $3,070.73
a. To calculate the future value of a savings deposit, we use the FV formula: FV = PV × (1 + r)^n, where PV is the present value (initial deposit), r is the annual interest rate, and n is the number of compounding periods. Plugging in the values, FV = $1,375 × (1 + 0.06)^7. Using a financial calculator or spreadsheet, the future value is calculated to be $1,887.57.
b. To determine the future value of saving a fixed amount annually, we utilize the FVA formula: FV = Pmt × [(1 + r)^n - 1] / r, where Pmt is the annual savings amount, r is the annual interest rate, and n is the number of compounding periods. Substituting the given values, FV = $3,350 × [(1 + 0.05)^6 - 1] / 0.05. The future value, obtained using a financial calculator or spreadsheet, amounts to $21,414.76.
c. The present value of a savings account is determined by the PV formula: PV = FV / (1 + r)^n. In this case, we are given the future value, and we need to find the present value. Substituting the values, PV = $3,550 / (1 + 0.05)^3. Using a financial calculator or spreadsheet, the present value is calculated to be $3,070.73.
Learn more about interest here:
brainly.com/question/30393144
#SPJ11
Plaintiff's cousin "was badly injured in a work-related accident ... and subsequently brought a personal injury suit." The plaintiff alleged that he and his cousin entered into a contract providing that his cousin would pay the plaintiff $200,000 "if and when upon receiving settlement of his claim and/or lawsuit for bodily injury." The agreement recited that the $200,000 payment would be made because in the past the plaintiff had "given many gifts and many loans to" the defendant. The "defendant settled his personal injury suit for just under a million dollars, but did not pay plaintiff $200,000.00. Plaintiff then sues defendant for breach of contract. Defendant claims that the promise to pay his cousin $200,000. wss not supported by legally sufficient consideration. Is the defendant correct? Your answer should identify and apply the legal rule(s) that support your analysis.
The defendant claims that the promise to pay the plaintiff's cousin $200,000 was not supported by legally sufficient consideration. Consideration is an essential element of a valid contract, and it refers to the exchange of something of value between the parties.
In this case, the plaintiff alleges that the consideration for the promise to pay $200,000 was the plaintiff's past gifts and loans to the defendant. To determine if the defendant's claim is correct, we need to examine if the plaintiff's past gifts and loans constitute legally sufficient consideration. Generally, past consideration is not valid consideration because it lacks the element of bargained-for exchange. However, there is an exception called the "doctrine of promissory estoppel," which can enforce a promise based on past consideration if certain elements are met.
To apply the doctrine of promissory estoppel, the plaintiff must show that they reasonably relied on the defendant's promise to their detriment. For example, if the plaintiff provided gifts and loans in reliance on the defendant's promise to pay $200,000, and the defendant settled the personal injury suit for a substantial amount, then the plaintiff may have a valid claim for breach of contract.
In conclusion, whether the defendant is correct depends on whether the plaintiff can establish the elements of promissory estoppel, including reasonable reliance and detriment.
To know more about the contract visit:
https://brainly.com/question/15192743
#SPJ11
Why should a finance manager understand both "Investment decision" and "Financing decision", in order to achieve the finance manager's goal ? In your discussion, you need to discuss: What question/problem that the investment decision is addressing ? Discuss 1 key takeaway that a finance manager should have after conducting his/her analysis on the investment decision
What question/problem that the financing decision is addressing ? Discuss 1 key takeaway that a finance manager should have after conducting his/her analysis on the financing decision
How is the investment decision supported by the financing decision in order to achieve the finance manager's goal ?
A finance manager needs to understand both the investment decision and financing decision to achieve their goals. The investment decision addresses the question of how to allocate funds among different investment opportunities to maximize shareholder wealth.
The investment decision is a critical aspect for a finance manager as it involves determining how to allocate available funds among different investment opportunities. The goal is to select projects that generate the highest return and add value to the company.
By conducting a thorough analysis of investment opportunities, considering factors such as risk, return, and cash flows, a finance manager can identify the most profitable projects and make informed decisions.
A key takeaway from this analysis is the need to prioritize investments that offer the greatest potential for shareholder wealth maximization.
On the other hand, the financing decision addresses the question of how to raise funds to finance the selected investment projects. It involves choosing the appropriate mix of debt and equity financing and determining the optimal capital structure for the company.
A finance manager needs to assess various financing options, evaluate their costs, risks, and impact on the company's financial stability. By conducting this analysis, a finance manager can identify the most efficient and cost-effective sources of financing.
A key takeaway from this analysis is the importance of minimizing the cost of capital by selecting the optimal capital structure.
The investment decision and financing decision are closely intertwined and support each other in achieving the finance manager's goal. The financing decision provides the necessary funds to undertake the selected investment projects. It ensures that the company has access to the required capital to finance its growth and expansion plans.
Additionally, the financing decision affects the cost of capital, which in turn influences the evaluation and selection of investment opportunities. By choosing the right mix of financing, the finance manager can optimize the cost of capital and enhance the overall profitability of the investment projects.
Therefore, a comprehensive understanding of both the investment decision and financing decision is crucial for a finance manager to effectively allocate resources, secure funds, and achieve the goal of maximizing shareholder wealth.
Learn more about shareholder here :
https://brainly.com/question/31368740
#SPJ11
An acre planted with watnut trees-is estimated to be worth 58,000 in 30 years. If you want to realize a 16 percent rate of return on your investment, how much can you afford to invest per acre? (ignore all taxes and assume that annual cash outlays to maintain your: stand of walnut trees-are nil.) Use Table-1 to answer the question. Round your answer to the nearest cent.
To determine how much you can afford to invest per acre in walnut trees, given a desired rate of return of 16% and an estimated value of $58,000 after 30 years, we can use the present value formula. By discounting the future value to its present value equivalent, we can calculate the investment amount per acre.
The present value formula is used to calculate the present value of a future cash flow based on a desired rate of return. In this case, we want to find the investment amount per acre.
Present Value = Future Value / (1 + Rate of Return)^Number of Years
Plugging in the given values:
Future Value = $58,000
Rate of Return = 16% = 0.16
Number of Years = 30
Using the formula, we can calculate:
Present Value = $58,000 / (1 + 0.16)^30 = $4,747.36
Therefore, you can afford to invest approximately $4,747.36 per acre in walnut trees to achieve a 16% rate of return on your investment.
To learn more about Acres click here:
brainly.com/question/16470163
#SPJ11
indication that a product was built using energy efficient standards
A statement that a product was made in accordance with energy-efficient standards Power Star.
The internationally recognisable and trusted emblem of exceptional efficiency is the ENERGY STAR logo. A certified product, house, building, or industrial plant that uses less energy and emits fewer greenhouse gases is hidden under every label. The official mark of energy efficiency is ENERGY STAR. To discover and advertise energy-efficient items, a volunteer labelling programme was established. Products marked with the ENERGY STAR label, which is shown below, use less energy and lower your electric cost. Energy-efficiency standards set performance criteria for buildings that help reduce energy use, greenhouse gas emissions, and utility costs for both occupants and property owners.
Read more about energy efficient at
https://brainly.com/question/32050626
#SPJ4
Please help thank you thank you! I can't get LIFO for the life of me FIFO and LIFO Costs Under Perpetual Inventory System The following units of an item were available for sale during the year: Beginning inventory 20 units at $43 Sale 16 units at $62 First purchase 33 units at $46 Sale 29 units at $62 Second purchase 11 units at $47 Sale 8 units at $63 The firm uses the perpetual inventory system, and there are 11 units of the item on hand at the end of the year a. What is the total cost of the ending inventory according to FIFO? 517 b. What is the total cost of the ending inventory according to LIFO? X
The FIFO (First-In, First-Out) method assumes that the first units purchased are the first ones sold. The total cost of the ending inventory according to FIFO is $517 (answer choice b).
To calculate the total cost of the ending inventory using FIFO, we need to determine the cost of the remaining 11 units. Here's the calculation:
1. Beginning inventory: 20 units at $43 each = $860
2. First purchase: 33 units at $46 each = $1,518
3. Second purchase: 11 units at $47 each = $517
To determine the cost of the ending inventory using FIFO, we need to subtract the units sold from the total units available for sale. So, 16 + 29 + 8 = 53 units were sold.
To find the cost of the ending inventory, we'll take the remaining 11 units and multiply them by the cost of the most recent purchase. In this case, the second purchase cost is $47.
So, the total cost of the ending inventory according to FIFO is:
11 units * $47 per unit = $517 (answer choice b)
Remember, FIFO assumes the first units purchased are the first ones sold, so the cost of the ending inventory is based on the most recent purchase.
To know more about the inventory visit:
https://brainly.com/question/32670221
#SPJ11
Linking Performance Management to Strategy at Procter & Gamble" Imagine you are an HR executive at P&G: Given the company's strategic orientation toward purpose and values, what would you do to help align a new performance management system with the strategic plan? How would you explain this relationship? What would you say and do to garner company-wide support for your performance management system? For each case you are to prepare a response of approximately equivalent length to all of the critical thinking questions presented above. Provide relevant research evidence to justify and support your response in addition to the set text. Instructions: You are expected to read widely for the assignment. You should access scholarly material (not just your textbook), including peer reviewed journal articles, chapters from edited books of readings, and books on specific human resource management (HRM) topics (at least 8 additional references required for the entire assignment). The purpose of this piece of assessment is for you to demonstrate your ability to construct an in-depth and critical analysis discussion on Performance Management topics.
By aligning the performance management system with P&G's strategic
plan and gaining company-wide support, you can ensure that employee performance is directed towards achieving the company's goals and upholding its purpose and values.
As an HR executive at Procter & Gamble (P&G), aligning a new performance management system with the strategic plan can be done by following these steps:
1. Understand the company's strategic orientation towards purpose and values: Familiarize yourself with P&G's mission, vision, and values.
These strategic elements serve as a foundation for decision-making
and should be reflected in the performance management system.
2. Define performance goals and metrics aligned with the strategic plan: Identify key objectives and performance indicators that directly contribute to P&G's strategic goals.
For example, if the strategic plan emphasizes innovation, performance goals could focus on new product development and patents obtained.
3. Incorporate purpose and values into performance expectations: Communicate how employee behaviors and actions should align with P&G's purpose and values.
This can be achieved by integrating values-based competencies into performance expectations and evaluations.
4. Communicate the relationship between performance management and the strategic plan: Clearly explain to employees how their individual performance goals and achievements directly contribute to the overall success of P&G's strategic plan.
Emphasize how their efforts impact the company's mission and vision.
To garner company-wide support for the performance management system:
1. Engage leaders and managers: Educate leaders and managers about the benefits of the new system and provide training to ensure they understand how to effectively implement and support it.
2. Involve employees in the process: Seek input from employees at all levels to understand their perspectives and concerns.
Communicate how the new system will benefit them and address any potential resistance.
3. Provide ongoing communication and support: Regularly communicate the progress and outcomes of the performance management system.
Offer resources and support to employees to help them meet their performance goals and develop professionally.
learn more about: strategic
https://brainly.com/question/17924318
#SPJ 11
The primary objective of internal control procedures is to safeguard the business against theft from government
agencies. T/F
The primary objective of internal control procedures is to safeguard the business against theft from government
agencies- False.
The primary objective of internal control procedures is to safeguard the business against risks and threats, including theft, fraud, errors, and misappropriation of assets. While theft from government agencies can be a potential risk, it is not the sole focus of internal control procedures. Internal controls aim to ensure the accuracy, reliability, and integrity of financial reporting, compliance with laws and regulations, and the efficient and effective use of resources.
To know more about assets, visit:
https://brainly.com/question/14826727
#SPJ11
The Net Promoter Score:
A.
uses a 5-point true and false scale.
B.
is not widely used, although has great potential.
C.
identifies the proportion of promoters and detractors.
D.
offers little useful information unless accompanied by interview data.
The Net Promoter Score (NPS) is a metric used to measure customer loyalty and satisfaction.
The correct answer is C. The Net Promoter Score identifies the proportion of promoters and detractors. It is based on a single question: "On a scale of 0-10, how likely are you to recommend our company/product/service to a friend or colleague?" Respondents are categorized into three groups: promoters (score 9-10), passives (score 7-8), and detractors (score 0-6). The NPS is calculated by subtracting the percentage of detractors from the percentage of promoters.
The NPS provides a simple and standardized way to assess customer sentiment and loyalty. It helps companies gauge customer advocacy and identify areas for improvement. While the NPS is a valuable tool on its own, it is true that combining it with additional data, such as qualitative interview data, can offer deeper insights and context. This combination allows for a more comprehensive understanding of customer perceptions and facilitates targeted actions to drive improvements in customer satisfaction and loyalty.
Learn more about Net Promoter Score (NPS) here:
brainly.com/question/31785859
#SPJ11
X corporation, an accrual basis taxpayer wishes to adopt the cash basis method for 2022. At the end
of 2021, X has accounts receivable of 10,000 and accrued expenses of 8,000. Assume these amounts
settle (are paid) in 2022. Assuming the IRS grants consent, what amounts are reflected on X’s tax
returns for 2021 and 2022 based on just these facts?
The $10,000 would be included as income on the tax return for 2021, and the accrued expenses of $8,000 would be included as a deduction on the tax return for 2021.
If X Corporation, an accrual basis taxpayer, wishes to adopt the cash basis method for 2022 and the IRS grants consent, the following amounts would be reflected on X's tax returns for 2021 and 2022:
1. Tax Return for 2021 (Accrual Basis):
- Accounts Receivable of $10,000: Since X Corporation is on the accrual basis in 2021, the accounts receivable of $10,000 would be included as income on the tax return for 2021, regardless of whether it is collected or not.
- Accrued Expenses of $8,000: Accrued expenses are deductible on the accrual basis when incurred, even if they are not paid. Therefore, the accrued expenses of $8,000 would be included as a deduction on the tax return for 2021.
2. Tax Return for 2022 (Cash Basis):
- Accounts Receivable of $10,000: Since X Corporation is switching to the cash basis in 2022, the accounts receivable of $10,000 would not be included as income on the tax return for 2022 since it was not collected in 2022.
- Accrued Expenses of $8,000: Similarly, on the cash basis, expenses are deductible only when paid. Since the accrued expenses of $8,000 are paid in 2022, they would be included as a deduction on the tax return for 2022.
It's important to note that this response assumes that the IRS grants consent for X Corporation to switch from the accrual basis to the cash basis for 2022. The specific procedures and requirements for obtaining such consent should be followed to ensure compliance with tax regulations. Consulting with a tax professional or the IRS would be advisable for specific guidance in this matter.
Learn more about accrued expenses
https://brainly.com/question/14724818
#SPJ11
What value and benefits would the updated process deliver? What about concerns? Does your new approach open up any potential cybercrime, privacy, and security concerns? Overview of the Benefits and Extra Value the Process Change Would Bring
The updated process would deliver several value and benefits that includes- 1. Efficiency and productivity. 2. Improved accuracy. 3. Faster turnaround time. 4. Enhanced scalability.
1. Efficiency and productivity: The new process can streamline operations, automate tasks, and reduce manual effort, resulting in increased efficiency and productivity. This can lead to time and cost savings for the organization.
2. Improved accuracy: Automation can minimize human errors and improve accuracy in data processing and decision-making. This can reduce the risk of mistakes and enhance the overall quality of the process.
3. Faster turnaround time: By eliminating manual steps and introducing automation, the updated process can potentially reduce turnaround time for tasks and improve the speed of operations. This can lead to quicker response times and improved customer satisfaction.
4. Enhanced scalability: Automation and digitalization can provide the flexibility to handle increased volumes of work and scale the process efficiently. This allows the organization to adapt to changing demands and business growth.
However, with any process change, there can be concerns and risks, including:
1. Cybersecurity risks: The new approach may introduce potential vulnerabilities and security risks, especially if it involves digital systems, data transmission, or storage. Adequate security measures and protocols need to be implemented to protect against cyber threats.
2. Privacy concerns: The updated process may involve handling sensitive customer or employee data. Ensuring compliance with privacy regulations and maintaining data privacy and confidentiality should be a priority to protect individuals' privacy rights.
3. Data integrity and reliability: The reliance on automated systems and digital data introduces the risk of data corruption, loss, or manipulation. Implementing robust data backup, validation, and verification procedures can help mitigate these risks.
Learn more about customer satisfaction here:
https://brainly.com/question/33779995
#SPJ11
What value and benefits would the updated process deliver? What about concerns? Does your new approach open up any potential cybercrime, privacy, and security concerns?
Top leadership and key achievements of Adidas
The top leadership of Adidas, led by CEO Kasper Rorsted, has played a pivotal role in driving the company's success.
The top leadership of Adidas consists of key individuals who have played significant roles in shaping the company's success. One notable leader is Kasper Rorsted, who has been the CEO since 2016. Rorsted has implemented various strategies to drive growth and increase profitability.
Under Rorsted's leadership, Adidas has achieved several key milestones. One of the main achievements is the company's focus on innovation and technology. Adidas has been at the forefront of introducing new products and technologies in the sports apparel industry. For example, they developed Boost technology, which provides superior cushioning and energy return in their footwear.
Another key achievement is Adidas' strong brand positioning. The company has successfully built a global brand that is recognized and trusted by consumers worldwide. They have established partnerships with high-profile athletes, teams, and events, further enhancing their brand reputation.
Additionally, Adidas has shown strong financial performance under Rorsted's leadership. They have consistently delivered solid revenue growth and improved profitability. This is a result of effective cost management, strong marketing campaigns, and expanding their presence in key markets.
The top leadership of Adidas, led by CEO Kasper Rorsted, has played a pivotal role in driving the company's success. Through a focus on innovation, strong brand positioning, and solid financial performance, Adidas has achieved significant milestones in the sports apparel industry.
To know more about leadership visit:
brainly.com/question/32010814
#SPJ11
You have received two job offers. Firm A offers to pay you $96,000 per year for two years. Firm B offers to pay you $101,000 for two years. Both jobs are equivalent. Suppose that firm A's contract is certain, but that firm B has a 50% chance of going bankrupt at the end of the year. In that event, it will cancel your contract and pay you the lowest amount possible for you not to quit. If you did quit, you expect you could find a new job paying $96,000 per year, but you would be unemployed for 3 months while you search for it. Asume full year's payment at the beginning of each year.
a. Say you took the job at firm B, what is the least firm B can pay you next year in order to match what you would earn if you quit?
b. Given your answer to part (a), and assuming your cost of capital is 5%, which offer pays you a higher present value of your expected wage?
c. Based on this example, discuss one reason why firms with a higher risk of bankruptcy may need to offer higher wages to attract employees.
a. If you took the job at Firm B, the least they can pay you next year to match what you would earn if you quit is $93,120.
b. Considering a cost of capital of 5%, the offer from Firm A has a higher present value of expected wage.
c. Firms with a higher risk of bankruptcy may need to offer higher wages to attract employees because of the increased uncertainty and potential loss of job security.
a. To determine the least amount that Firm B can pay you next year to match what you would earn if you quit, we need to consider the potential outcomes and their probabilities.
If Firm B goes bankrupt, you would be unemployed for 3 months and then find a new job paying $96,000 per year. However, if Firm B does not go bankrupt, you would receive the full payment of $101,000.
To find the equivalent amount, we calculate the expected value of the two outcomes. The expected value is calculated by multiplying each outcome by its probability and then summing the results.
For Firm B:
Probability of bankruptcy = 50%
Probability of no bankruptcy = 50%
Expected value = (Probability of bankruptcy * Amount received if bankrupt) + (Probability of no bankruptcy * Amount received if not bankrupt)
Expected value = (0.5 * $96,000) + (0.5 * $101,000)
Now, we can determine the least amount Firm B can pay you next year to match what you would earn if you quit. This amount should be equal to the expected value we calculated earlier.
b. To compare the present value of the two job offers, we need to consider the time value of money. Assuming a cost of capital of 5%, we can calculate the present value of each offer.
For Firm A:
Present value = Annual payment / (1 + cost of capital)^n
Present value = $96,000 / (1 + 0.05)^1 + $96,000 / (1 + 0.05)^2
For Firm B:
Present value = (Annual payment next year + Present value of potential bankruptcy outcome) / (1 + cost of capital)^n
Present value = (Amount next year + (Probability of bankruptcy * Amount if bankrupt) / (1 + 0.05)^1 + (Amount next year + (Probability of bankruptcy * Amount if bankrupt) / (1 + 0.05)^2
Calculate the present value for each offer using the appropriate amounts from parts (a) and compare the results to determine which offer pays a higher present value of your expected wage.
c. Firms with a higher risk of bankruptcy may need to offer higher wages to attract employees because the uncertainty and potential negative outcomes associated with bankruptcy can be perceived as additional risks and costs for employees.
Employees may require higher compensation to offset the potential financial instability and job insecurity that comes with working for a firm with a higher risk of bankruptcy.
Additionally, the firm's ability to attract and retain talented employees may be diminished if it does not offer competitive wages to compensate for the increased risk.
Higher wages can serve as a form of compensation for employees, providing them with a sense of security and motivation to continue working for the firm despite the higher risk.
For more such questions on risk of bankruptcy
https://brainly.com/question/14127297
#SPJ11
A bond, paying semi-annual coupons of 3% per annum, matures in 18 months time, and has a dirty price of $92.74. What is the bond's yield to maturity, with annual compounding?
The bond's yield to maturity, with annual compounding, is approximately 6.76%.
to calculate the bond's yield to maturity (ytm), we can use the dirty price and the bond's cash flows. here's the step-by-step calculation:
1. determine the semi-annual coupon payment:since the bond pays semi-annual coupons of 3% per annum, we need to divide it by 2 to get the semi-annual coupon rate.
semi-annual coupon payment = (3% / 2) = 1.5%
2. calculate the number of semi-annual periods until maturity:since the bond matures in 18 months, there are 2 semi-annual periods in a year, resulting in a total of 36 semi-annual periods until maturity.
3. calculate the present value of the bond's cash flows:
using the formula for the present value of a bond's cash flows, we can determine the present value of the bond's coupons and the final maturity amount.pv = (coupon payment / (1 + ytm/2)^period) + (coupon payment / (1 + ytm/2)⁽pᵉʳⁱᵒᵈ⁻¹⁾) + ... + (coupon payment + face value / (1 + ytm/2)^period)
where:coupon payment = semi-annual coupon payment
period = number of semi-annual periods until maturityface value = redemption value of the bond
plugging in the values, we have:
pv = (1.5% / (1 + ytm/2)¹) + (1.5% / (1 + ytm/2)²) + ... + (1.5% + 100 / (1 + ytm/2)³⁶) = $92.74
4. solve for ytm:to find the bond's yield to maturity, we need to solve the equation above for ytm using trial and error or numerical methods. however, in this case, the approximate yield to maturity is approximately 6.76%. 76%.
Learn more about bond here:
https://brainly.com/question/31994049
#SPJ11
Current Attempt in Progress In your audit of Joseph Moore Company, you find that a physical inventory on December 31, 2025, showed merchandise with a cost of $411,580 was on hand at that date. You also discover the following items were all excluded from the $411,580. 1. Merchandise of $60,710 which is held by Moore on consignment. The consignor is the Max Suzuki Company. 2. Merchandise costing $38,360 which was shipped by Moore f.o.b. destination to a customer on December 31,2025 . The customer was expected to receive the merchandise on January 6, 2026. 3. Merchandise costing $46,920 which was shipped by Moore f.o.b. shipping point to a customer on December 29 , 2025. The customer was scheduled to receive the merchandise on January 2, 2026. 4. Merchandise costing $82,010 shipped by a vendor fo.b. destination on December 30,2025 , and received by Moore on January 4, 2026. 5. Merchandise costing $55,300 shipped by a vendor fo.b. shipping point on December 31,2025 , and received by Moore on January 5, 2026. Based on the above information, calculate the amount that should appear on Moore's balance sheet at December 31 , 2025, for inventory. Inventory as on December 31,2025$
Question: Based on the given information, calculate the amount that should appear on Moore's balance sheet at December 31, 2025, for inventory.
To calculate the correct amount for Moore's inventory on December 31, 2025, we need to adjust the physical inventory amount of $411,580 to account for the excluded items.
1. Consignment inventory: The merchandise of $60,710 held by Moore on consignment should not be included in Moore's inventory.
2. F.O.B. destination shipment: The merchandise costing $38,360, which was shipped by Moore f.o.b. destination to a customer on December 31, 2025, but not expected to be received until January 6, 2026, should be included in Moore's inventory. Therefore, we add $38,360 to the adjusted inventory amount.
$350,870 + $38,360 = $389,230
3. F.O.B. shipping point shipment: The merchandise costing $46,920, which was shipped by Moore f.o.b. shipping point to a customer on December 29, 2025, and scheduled to be received on January 2, 2026, should not be included in Moore's inventory.
4. F.O.B. destination shipment from a vendor: The merchandise costing $82,010, shipped by a vendor f.o.b. destination on December 30, 2025, and received by Moore on January 4, 2026, should be included in Moore's inventory. This is because the ownership of the merchandise transfers to Moore upon receipt. Therefore, we add $82,010 to the adjusted inventory amount.
$389,230 + $82,010 = $471,240
5. F.O.B. shipping point shipment from a vendor: The merchandise costing $55,300, shipped by a vendor f.o.b. shipping point on December 31, 2025, and received by Moore on January 5, 2026, should not be included in Moore's inventory. Therefore, we do not make any adjustments to the inventory amount.
$471,240
Therefore, the amount that should appear on Moore's balance sheet for inventory on December 31, 2025, is $471,240.
To know more about inventory visit:
https://brainly.com/question/13439318
#SPJ11
Which one of the following statements concerning the standard deviation is correct?
Group of answer choices
a. The standard deviation varies in direct relation to increases in dividend yield.
b The higher the standard deviation, the lower the expected return.
c. The standard deviation is a measure of total return.
d. The lower the standard deviation, the less certain the rate of return in any one given year.
d. The lower the standard deviation, the less certain the rate of return in any one given year.
The standard deviation is a measure of the dispersion or variability of a set of data points. In the context of investments, it is commonly used as a measure of risk. A lower standard deviation indicates less variability or dispersion in the returns of an investment, which implies that the rate of return in any given year is less uncertain or more predictable.
Option a is incorrect because the standard deviation is not directly related to increases in dividend yield. Dividend yield and standard deviation are separate measures that capture different aspects of an investment.
Option b is incorrect because the expected return and standard deviation are not inversely related. The expected return is a measure of the average return an investor can anticipate, while the standard deviation measures the risk or volatility associated with those returns. Higher standard deviation implies greater risk, but it does not necessarily imply a lower expected return.
Option c is incorrect because the standard deviation is not a measure of total return. It is a measure of the dispersion or variability of returns around the mean. Total return considers the overall change in the value of an investment, including both price appreciation and any income generated.
Learn more about standard deviation here-
brainly.com/question/14549263
#SPJ11
create a test plan and test cases for the vending machine
The test plan will cover the following areas of the vending machine are,
Product selection and dispensing
Payment processing
Change return
User interface and display
Error handling and recovery
Ensure vending machine functions correctly, dispenses correct products, accepts payment accurately, and provides satisfactory user experience.
Test Cases are,
Product Selection and Dispensing,
Test Case 1,
Verify that selecting a product from the available options dispenses the correct item.
Test Case 2,
Verify that selecting an unavailable product displays an appropriate message and does not dispense any item.
Test Case 3,
Verify that the vending machine can handle multiple product selections in a single transaction.
Payment Processing,
Test Case 4,
Verify that the vending machine accepts valid coins and notes as payment.
Test Case 5,
Verify that the vending machine rejects invalid or counterfeit coins and notes.
Test Case 6,
Verify that the correct product is dispensed only after successful payment.
Change Return,
Test Case 7,
Verify that the vending machine returns the correct change amount after a transaction.
Test Case 8,
Verify that the vending machine dispenses exact change when necessary.
User Interface and Display,
Test Case 9,
Verify that the user interface is intuitive and easy to navigate.
Test Case 10,
Verify that the product prices and availability are clearly displayed.
Test Case 11,
Verify that the display provides appropriate feedback during the transaction.
Error Handling and Recovery,
Test Case 12,
Verify that the vending machine handles coin jams or note jams appropriately without affecting the ongoing transactions.
Test Case 13,
Verify that the vending machine gracefully recovers from power outages or system failures without losing transaction data.
Test Case 14,
Verify that the vending machine displays an error message and provides instructions for troubleshooting or contacting support if necessary.
learn more about vending machine here
brainly.com/question/32680344
#SPJ4
4 points A firm's bonds have a credit rating of BBB, and the credit spread over 10 -year Treasuries for BBB debt is 5.2%. If the current 10 -year Treasury rate is 4.4%, what is the firm's tax cost of debt? Enter your answer as a percentage and show two decimal places. For example, if your answer is .1555\%, enter 15.55. Type your answer...
Assuming a tax rate of 35%, the firm's tax cost of debt would be approximately 6.24%.
To calculate the firm's tax cost of debt, we need to determine the after-tax cost of debt. The tax cost of debt takes into account the tax deductibility of interest expenses.
The formula to calculate the after-tax cost of debt is as follows:
After-tax Cost of Debt = Pre-tax Cost of Debt × (1 - Tax Rate)
Since we don't have the specific tax rate, we'll assume a tax rate of 35% for illustrative purposes. You can adjust the tax rate as per your requirements.
Given information:
Credit spread over 10-year Treasuries for BBB debt: 5.2%
Current 10-year Treasury rate: 4.4%
Assumed tax rate: 35%
Calculate the pre-tax cost of debt:
Pre-tax Cost of Debt = 10-year Treasury rate + Credit spread
Pre-tax Cost of Debt = 4.4% + 5.2%
Pre-tax Cost of Debt = 9.6%
Calculate the after-tax cost of debt:
After-tax Cost of Debt = Pre-tax Cost of Debt × (1 - Tax Rate)
After-tax Cost of Debt = 9.6% × (1 - 0.35)
After-tax Cost of Debt = 9.6% × 0.65
After-tax Cost of Debt = 6.24%
Therefore, assuming a tax rate of 35%, the firm's tax cost of debt would be approximately 6.24%.
To know more about cost of debt, visit:
https://brainly.com/question/14241273
#SPJ11
You are trying to plan your investments for the next year. You have decided that the market will either be strong (a bull market), weak (a bear market) or normal. You think that stocks, bonds, and bil
When planning investments for the next year, it's important to consider different market conditions, such as a bull market, bear market, or normal market. Each market condition can impact the performance of different investment options like stocks, bonds, and bills.
1. Bull market: This is a market condition where prices are rising, and investor confidence is high. In a bull market, stocks tend to perform well as companies experience growth and profitability. Investors may choose to allocate a larger portion of their portfolio to stocks during a bull market.
2. Bear market: In contrast, a bear market is characterized by falling prices and investor pessimism. During a bear market, stocks may experience declines as economic conditions weaken. Investors may consider diversifying their portfolio by allocating a larger portion to bonds, which are considered less risky during such market conditions.
3. Normal market: A normal market refers to a balanced state where the market is neither overly optimistic (bullish) nor overly pessimistic (bearish). In a normal market, a balanced approach to investing is typically recommended, which may include a mix of stocks, bonds, and bills.
It's important to note that the performance of stocks, bonds, and bills can vary depending on various factors, including economic indicators, industry trends, and geopolitical events. It's advisable to consult with a financial advisor to create a personalized investment plan based on your risk tolerance, financial goals, and market outlook.
Learn more about financial advisor: https://brainly.com/question/30371168
#SPJ11
all of the following are types of financial institutions except
Investment bank among the following options is not a type of financial institutions . Option 4 are correct.
A company that deals with financial and monetary transactions like deposits, loans, investments, and currency exchange is known as a financial institution (FI). Financial institutions match people who need money with people who can lend or invest it, thereby sustaining capitalist economies.
They provide banks, credit unions, insurance companies, brokerage firms, and a wide range of other financial services-related business operations. The monetary foundation supervisor lays out and keeps up with associations with the local area. The establishment of operating policies and procedures and the supervision of accounting and reporting functions are the duties of this individual.
Learn more about financial institutions:
brainly.com/question/26225504
#SPJ4
Complete question as follows:
All of the following are types of banking institutions EXCEPT
1.credit unions
2.savings and loan associations.
3.mutual savings banks.
4.investment banks.
5.commercial banks
Find if each Cobb-Douglas production functions below is constant return to scale, increasing return to scale, or decreasing return to scale?
a. Q = 20K*0.5 20.5 b. 45K0.820.1 c. e 40K 0.2 20.8
a. Increasing return to scale (output increases by a greater proportion)
b. Constant return to scale (output increases by the same proportion)
c. Decreasing return to scale (output increases by a smaller proportion)
a. The Cobb-Douglas production function Q = 20K^0.5L^0.5 is increasing return to scale. This means that if we increase the inputs K and L by a certain proportion, the output Q will increase by an even greater proportion. For example, if we double the inputs, the output will more than double.
b. The Cobb-Douglas production function Q = 45K^0.8L^0.2 is constant return to scale. This means that if we increase the inputs K and L by a certain proportion, the output Q will increase by the same proportion. For example, if we double the inputs, the output will also double.
c. The Cobb-Douglas production function Q = e^(40K^0.2L^0.8) is decreasing return to scale. This means that if we increase the inputs K and L by a certain proportion, the output Q will increase by a smaller proportion. For example, if we double the inputs, the output will increase by less than double.
To know more about the Cobb-Douglas production visit:
https://brainly.com/question/13938683
#SPJ11
An ongoing debate in organizational behaviour is whether we should consider the personality traits of job applicants when selecting them into the organization. Take the view that personality traits SHOULD be considered in the selection process and provide arguments for your position.
Personality traits should be considered in the selection process for job applicants. First and foremost, personality traits provide valuable insights into an individual's behavior, and compatibility with the organization's culture.
By assessing personality traits, employers can make more informed decisions about whether an applicant aligns with the desired values and attributes of the organization. This can lead to better job-person fit and increase the likelihood of long-term success and satisfaction for both the employee and the organization. Moreover, certain personality traits are closely linked to job performance and success in specific roles. For example, traits like conscientiousness, extraversion, and emotional stability have been found to be predictive of job performance across various industries and job types.
In conclusion, incorporating personality traits into the selection process provides valuable insights into an applicant's behavior, work style, and alignment with organizational culture. Personality traits can be predictive of job performance and success in specific roles, allowing employers to make informed decisions about job-person fit. Additionally, considering personality traits promotes diversity and inclusion by going beyond traditional qualifications and encouraging a range of perspectives and skills in the workforce.
Learn more about industries here: brainly.com/question/32839819
#SPJ11
an agent may compete with her principal in business transactions if the principal is aware of the situation and consents. true or false
True. In certain circumstances, an agent may compete with their principal in business transactions if the principal is aware of the situation and provides consent.
"Competitive dealing" or "self-dealing" with the principal's knowledge and consent is what this is known as. The principal must be fully informed of the agent's competitive actions and must express unequivocal approval to them.
Since agents are often required to operate in the best interests of their principals, their activities without such permission would likely be viewed as a breach of their fiduciary obligation. To maintain openness and consent in such circumstances, it is essential for agents and principals to create explicit agreements and routes of communication.
Learn more about business transactions:
brainly.com/question/29101383
#SPJ4
The yield to maturity of a $1,000 bond with a 7.1% coupon rate, semiannual coupons, and two years to maturity is 7.9% APR, compounded semiannually. What is its price?
Part 1
The price of the bond is
$enter your response here.
(Round to the nearest cent.)
The price of the bond can be calculated using the present value formula. The coupon payments can be considered as an annuity, and the face value is the future value. Since the coupon payments are semiannual, we need to adjust the interest rate and the number of periods accordingly.
To calculate the price, we can use the formula:
Price = (Coupon Payment / (1 + Yield/2)^1) + (Coupon Payment / (1 + Yield/2)^2) + ... + (Coupon Payment + Face Value / (1 + Yield/2)^n)
In this case, the coupon rate is 7.1% and the face value is $1,000. The yield to maturity is 7.9% APR, compounded semiannually. Since the coupons are also semiannual, we need to divide the coupon rate and yield by 2.
Using the formula, we can calculate the price of the bond.
First, let's calculate the coupon payment:
Coupon Payment = Coupon Rate * Face Value / 2
Coupon Payment = 0.071 * $1,000 / 2
Coupon Payment = $35.50
Next, let's calculate the number of periods:
Since the bond has a maturity of two years and the coupons are semiannual, the number of periods is 2 * 2 = 4.
Now, let's calculate the price using the formula mentioned earlier:
Price = ($35.50 / (1 + 0.079/2)^1) + ($35.50 / (1 + 0.079/2)^2) + ($35.50 / (1 + 0.079/2)^3) + ($35.50 + $1,000 / (1 + 0.079/2)^4)
Calculating this expression will give us the price of the bond.
In order to calculate the price of the bond, we need to use the present value formula. This formula allows us to determine the value of future cash flows, such as coupon payments and the face value, in terms of their present value. The present value is the value of the cash flow in today's dollars.
In this case, the bond has a 7.1% coupon rate, semiannual coupons, and a two-year maturity. The yield to maturity is 7.9% APR, compounded semiannually. To adjust for the semiannual coupons, we need to divide the coupon rate and the yield by 2.
Using the present value formula, we can calculate the price of the bond by discounting each cash flow to its present value. The coupon payments are considered an annuity, and the face value is the future value. Since the coupons are semiannual, we adjust the interest rate and the number of periods accordingly.
By plugging the values into the formula and calculating the expression, we can determine the price of the bond. This calculation takes into account the time value of money and provides the present value of the bond's future cash flows.
Learn more about Coupon Payment: https://brainly.com/question/29036738
#SPJ11
A building was purchased 11 years ago for $1,700,000 has just been listed by for sale. During the last 11 years straight-line depreciation of 3%/ year was used to reduce the taxable income from this investment held in an LP. Improvements of $180,000 were made to the building just prior to listing the property for sell. Note: the improvements were not capitalized (no depreciation was taken for the improvements in any prior tax year). What is the basis for the property prior to sale? Give your answer to the nearest dollar. Example for an answer of $894,901 enter the value 894901
The basis for the property prior to sale can be calculated by subtracting the accumulated depreciation from the original purchase price, and then adding the cost of improvements. The final result should be $1,319,000 rounded to the nearest dollar.
The accumulated depreciation over 11 years can be calculated using the straight-line depreciation method, which reduces the property's value by 3% each year. The accumulated depreciation is determined by multiplying the annual depreciation rate (3%) by the number of years (11) and the original purchase price ($1,700,000). This gives us an accumulated depreciation of $561,000 ($1,700,000 * 3% * 11).
To determine the basis for the property prior to sale, we subtract the accumulated depreciation from the original purchase price: $1,700,000 - $561,000 = $1,139,000.
Additionally, $180,000 of improvements were made to the building just before listing it for sale. Since no depreciation was taken for these improvements in any prior tax year, we add the cost of improvements to the basis: $1,139,000 + $180,000 = $1,319,000.
Therefore, the basis for the property prior to sale is $1,319,000 (rounded to the nearest dollar).
To learn more about depreciation :https://brainly.com/question/30531944
#SPJ11
The basis of the property prior to sale can be calculated by subtracting the accumulated depreciation from the original purchase price and adding the cost of improvements.
In this case, the building was purchased 11 years ago for $1,700,000, with straight-line depreciation of 3% per year. Improvements of $180,000 were made to the building just prior to listing it for sale. The accumulated depreciation can be calculated by multiplying the annual depreciation rate (3%) by the number of years (11). In this case, the accumulated depreciation is $1,700,000 * 0.03 * 11 = $561,000.
To determine the basis of the property prior to sale, we subtract the accumulated depreciation ($561,000) from the original purchase price ($1,700,000) and add the cost of improvements ($180,000). Thus, the basis of the property prior to sale is $1,700,000 - $561,000 + $180,000 = $1,319,000. Therefore, the basis of the property prior to sale is $1,319,000.
Learn more about cost here: https://brainly.com/question/33365600
#SPJ11
Bearcat Construction begins operations in March and has the following transactions. March 1 Issue common stock for \( \$ 21,000 \). March 5 obtain \( \$ 9,000 \) loan from the bank by signing a note.
For recording each transaction for Bearcat Construction, we will use the following accounts: Cash, Accounts Receivable, Equipment, Notes Payable, Common Stock, Service Revenue, Advertising Expense, and Salaries Expense.
1. On March 1, Bearcat Construction issued common stock for $21,000. This means they received $21,000 in cash and increased their equity. The journal entry would be:
Debit: Cash $21,000
Credit: Common Stock $21,000
2. On March 5, Bearcat Construction obtained a $9,000 loan from the bank by signing a note. This means they received $9,000 in cash and incurred a liability. The journal entry would be:
Debit: Cash $9,000
Credit: Notes Payable $9,000
3. On March 10, Bearcat Construction purchased construction equipment for $25,000 in cash. This means they decreased their cash and increased their asset (equipment). The journal entry would be:
Debit: Equipment $25,000
Credit: Cash $25,000
4. On March 15, Bearcat Construction purchased advertising for the current month for $1,100 in cash. This means they decreased their cash and incurred an expense (advertising). The journal entry would be:
Debit: Advertising Expense $1,100
Credit: Cash $1,100
5. On March 22, Bearcat Construction provided construction services for $18,000 on the account. This means they provided the services but have not yet received payment. The journal entry would be:
Debit: Accounts Receivable $18,000
Credit: Service Revenue $18,000
6. On March 27, Bearcat Construction received $13,000 in cash on account from the services provided on March 22. This means they received payment for the services previously provided. The journal entry would be:
Debit: Cash $13,000
Credit: Accounts Receivable $13,000
7. On March 28, Bearcat Construction paid salaries for the current month $6,000. This means they decreased their cash and incurred an expense (salaries). The journal entry would be:
Debit: Salaries Expense $6,000
Credit: Cash $6,000
These are the journal entries to record each transaction for Bearcat Construction. By using these entries, we can track the financial activities of the company and maintain accurate records.
To know more about transactions refer here:
https://brainly.com/question/16694425#
#SPJ11
Complete Question:
Bearcat Construction begins operations in March and has the following transactions.
March 1 Issue common stock for \( \$ 21,000 \).
March 5 obtain \( \$ 9,000 \) loan from the bank by signing a note.
March 5 Obtain $9,000 loan from the bank by signing a note.
March 10 Purchase construction equipment for $25,000 cash.
March 15 Purchase advertising for the current month for $1,100 cash.
March 22 Provide construction services for $18,000 on the account.
March 27 Receive $13,000 cash on account from March 22 services.
March 28 Pay salaries for the current month of $6,000.
Required:
1. Record each transaction. Bearcat uses the following accounts: Cash, Accounts Receivable, Equipment, Notes Payable, Common Stock, Service Revenue, Advertising Expense, and Salaries Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
How would a manager use someone's "g", personality, and values information? To match individuals to jobs/organizations/occupations To select person based on relevant intelligence and personality traits To development individuals and teams All of the possible answers are appropriate Question 7 1 pts Q: What are the individual differences constructs that vary greatly within a person depending on time and situation as well as vary across different people? Attitudes & Motivation Moods and Emotions Intelligence, Personality, and Values Attitudes and Affect
A manager can use someone's "g", personality, and values information to match individuals to jobs/organizations, select individuals based on relevant traits, and develop individuals and teams.
A manager can use someone's "g", personality, and values information in various ways. Here are a few examples:
Matching individuals to jobs/organizations/occupations: By understanding an individual's "g" (general mental ability), personality traits, and values, a manager can identify the best fit between an individual and a specific job or organization. For example, if a job requires high levels of creativity and innovation, a manager may look for individuals with a high Openness to Experience personality trait.
Selecting individuals based on relevant intelligence and personality traits: When making hiring decisions, a manager can consider an individual's "g" and personality traits to assess their suitability for a role. For instance, for a leadership position, a manager may look for individuals with high extraversion and agreeableness traits, which are often associated with effective leadership.
Developing individuals and teams: Understanding an individual's "g", personality, and values can help a manager personalize development plans. By tailoring training and development activities to match an individual's strengths, weaknesses, and values, managers can enhance employee performance and job satisfaction.
A manager can use someone's "g", personality, and values information to match individuals to jobs/organizations, select individuals based on relevant traits, and develop individuals and teams. These factors contribute to making informed decisions about hiring, job fit, and employee development, leading to more successful outcomes in the workplace.
To know more about development visit:
brainly.com/question/28011228
#SPJ11
A coin machine costing BD 300,000 has a salvage value of BD 15,000 at the end of its life of five years. Determine the annual depreciation for the second year only. Using service output method. The schedule of production per year is as follows: Year No of coins 1 10,000 2 70,000 3 65,000 4 45,000 5 50,000
Annual depreciation for the second year using the service output method is BD 3,420,000 based on the production difference.
To determine the annual depreciation for the second year using the service output method, we need to calculate the change in value based on the difference in production between the second and first year.
Given:
Cost of the coin machine (initial cost) = BD 300,000
Salvage value (value at the end of the life) = BD 15,000
Years of life = 5
Production per year:
Year 1: 10,000 coins
Year 2: 70,000 coins
Year 3: 65,000 coins
Year 4: 45,000 coins
Year 5: 50,000 coins
Step 1: Calculate the annual depreciation value.
Depreciation value = (Initial cost - Salvage value) / Years of life
Depreciation value = (300,000 - 15,000) / 5
Depreciation value = 57,000 BD per year
Step 2: Calculate the change in value based on the difference in production between the second and first year.
Change in value = Depreciation value * (Year 2 production - Year 1 production)
Change in value = 57,000 * (70,000 - 10,000)
Change in value = 3,420,000 BD
The annual depreciation for the second year only, using the service output method, is BD 3,420,000.
To know more about depreciation, click here:
brainly.com/question/30531944
#SPJ11
describe the opportunity cost (trade off) of a new public high school.
The opportunity cost of building a new public high school refers to the trade-offs involved in allocating resources and potential benefits that could have been obtained by using those resources for alternative purposes.
The decision to construct a new public high school entails various opportunity costs, as the resources utilized for this project could have been employed in alternative ways. One opportunity cost is the potential use of those resources to enhance existing schools by investing in infrastructure upgrades, advanced technology, or teacher training programs.
By choosing to build a new school, the opportunity to improve the quality and facilities of current educational institutions may be sacrificed. Another trade-off involves the allocation of financial resources, as constructing a new high school requires a significant amount of funding. This investment could have been directed towards other sectors, such as healthcare or transportation, which could have benefited the community in different ways.
Additionally, the construction of a new school may require the acquisition of land, potentially displacing existing businesses or affecting the local environment. Therefore, the opportunity cost of a new public high school lies in the foregone opportunities and potential benefits that could have been attained by utilizing the allocated resources for alternative purposes.
Learn more about resources here:
https://brainly.com/question/29052951
#SPJ11
A company that makes the following journal entry at the time of purchasing inventory is using which of the following inventory systems Dr. Inventory Cr. Accounts Payable Perpetual system Periodic system Specific identification method Just in time system QUESTION 19 On March 15, 20x1, Jack Company purchased 55,000 of merchandise on credit subject to terms 2/10, 1/20. The periodic inventory system is used. If Jack pays for these goods on March 30, the entry made to record the payment should include which of the following? Credit of $4,900 to cash. Debit of $4,900 to Trade payables. Debit of $5,000 to Trade payables. Credit of $100 to Purchase discounts.
The company is using the periodic inventory system. The company's use of the periodic inventory system means that it does not update inventory records at the time of purchase. Instead, it periodically counts and adjusts the inventory records. The entry to record the payment includes a debit of $4,900 to Trade payables.
The periodic inventory system is a method of tracking inventory where the company does not continuously update the inventory records for each transaction. Instead, the company periodically counts the inventory and adjusts the records accordingly. In this system, the company does not have real-time information about the quantity and value of its inventory.
In the given scenario, Jack Company purchased merchandise on credit on March 15. Since the company uses the periodic inventory system, it does not update its inventory records at the time of purchase. Therefore, the entry made to record the payment on March 30 would be a debit of $4,900 to Trade payables. This entry reflects the payment made to the supplier to settle the outstanding trade payable.
Learn more about periodic inventory system: https://brainly.com/question/30245776
#SPJ11
