Based on the risk-free rate, the ending price of the similar stock, and the year end dividend, the price of the stock is $40.32.
What is the price of the stock?First, find the discount rate as:
= risk free rate + risk premium
= 2.3% + 7.6%
= 9.9%
The price of the stock is:
= (2.30 + 53) / (1 + 9.9%)
= $40.32
In conclusion, the price of the stock is $40.32.
Rest of the question is:
Find the price of the stock
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How can the managers at each of the levels of management contribute to both effectiveness and efficiency? Be sure to clearly address how each level contribute to both effectiveness and efficiency with examples.
Competence in performing is a necessary condition for being efficient. Effectiveness is a quality that enables one to achieve a goal and provide the desired or anticipated results.
What is the importance of effectiveness in management?Effectiveness is the ability to achieve desired outcomes. In this approach, the company will continue to make money as long as the manager produces good plans that produce the desired results. It is crucial for a business manager to do so since it entails making the appropriate decisions at the right moment.
Effective managers establish priorities, create policies, and create structures and procedures to achieve goals. Set up processes, assign responsibilities, allocate resources, and offer rewards to employees. These choices must serve a clear agenda.
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What are the 3 primary ways to migrate client data to QuickBooks Online?
Enter data manually into the QuickBooks Online forms and check registers
Use the Import data tool
Use the Export Data tool
Convert data from existing QuickBooks Desktop file
Create Recurring transactions
The 3 primary ways to migrate client data to QuickBooks Online are:-
QuickBooks Online forms and check registers.Convert data from existing QuickBooks Desktop file.Use the Import data toolQuickBooks is a comprehensive business and financial management suite that includes accounting, inventory, payroll, tax filing, invoicing, bank account tracking and reconciliation, cost management, budgeting, payment data processing.
QuickBooks is a comprehensive business and financial management suite that includes accounting, inventory, payroll, tax filing, invoicing, bank account tracking and reconciliation, cost management, budgeting, payment processing, and accounts receivable and data payable management capabilities. QuickBooks Online Certification trainings and examinations are accessible in QuickBooks Online Accountant for free to accounting professionals.
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you are the manager of a firm that reveive revenue of Rs.30,000 per year from product X and Rs. 70,000 per year from product Y. The own price elasticity of demand for product X is -2.5 and the cross price elasticity of demand between product Y and X is 1.1 . how much will you firm's total revenue ( revenue from both products) change if you increase the price of good X by 1 present?
If you are the manager of a firm that receive revenue of Rs.30,000 per year from product X and Rs. 70,000 per year from product Y. The amount that your firm's total revenue ( revenue from both products) change if you increase the price of good X by 1 present is:$320.
Change in total revenueUsing this formula
Change in total revenue =[Revenue X (1+Price elasticity)+ Revenue Y (cross price elasticity))×Percentage change in price
Where:
Revenue X=30,000 per year
Price elasticity=-2.5
Revenue Y=70,000 per year
Cross price elasticity=1.1
Percentage change in price=0.01
Let plug in the formula
Change in total revenue=[30,000(1+(-2.5))+70,000(1.1)](0.01)
Change in total revenue=(-45,000+77,000)(0.01)
Change in total revenue=32,000×0.01
Change in total revenue=$320
Therefore If you are the manager of a firm that receive revenue of Rs.30,000 per year from product X and Rs. 70,000 per year from product Y. The amount that your firm's total revenue ( revenue from both products) change if you increase the price of good X by 1 present is:$320.
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Suppose the interest rate is 8.0% APR with monthly compounding. What is the present value of an annuity that pays %100 every 6 months for 5 years?
The present value of an annuity that pays $100 every 6 months for 5 years is $808.38
What is the equivalent semiannual interest rate in this case?
The equivalent semiannual interest rate for 8.0% compounded monthly can be determined by converting the monthly compounding interest rate to a semiannual compounding rate as shown below:
(1+APR/12)^12=(1+APR/2)^2
APR with 12 compounding periods is 8.0%(every month 12 times a year)
APR with 2 compounding periods a year(semiannually) is unknown
(1+8.0%/12)^12=(1+APR/2)^2
1.08299950680751=(1+APR/2)^2
(1.08299950680751)^1=(1+APR/2)^2
divide indexes on both sides by 2
(1.08299950680751)^(1/2)=1+APR/2
APR/2=(1.08299950680751)^(1/2)-1
APR/2=APR compounded semiannually/2=semiannual interest rate=0.0406726223013221
The present value of the annuity can be determined using the below present value formula of an ordinary annuity:
PV=PMT*(1-(1+r)^-N/r
PMT=semiannual payment=$100
r=semiannual interest rate=0.0406726223013221
N=number of semiannual payments in 5 years=5*2=10
PV=$100*(1-(1+0.0406726223013221)^-10/0.0406726223013221
PV=$808.38
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Which of these is a method for gaining feedbackin agile?
provide input after being requested.
First, ask questions.
Relay only information that is in the receiver's control.
When giving instances, be succinct and precise.
What are some of the processes that an agile project might use to get feedback?We'll give you an example and go into further detail about the result.
Putting Feedback Loops into Practice on a Kanban Board.
1) Everyday Meeting (Standup Meeting)
2) A meeting to replenish and commit.
Meeting to plan the delivery.
Review of the Service Delivery
Which methodologies are available in Agile?Scrum, Kanban, Extreme Programming (XP), Lean Development, and Crystal are the five primary Agile techniques.
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Exercise 4-35 (Algo) Application of Overhead [LO 4-4, 4-5]
Tomek Company uses a job costing system that applies factory overhead on the basis of direct labor hours. The company’s factory overhead budget for the
current year included the following estimates:
Budgeted total factory overhead $ 305,000
Budgeted total direct labor hours 61,000
At the end of the year, the company shows these results:
Actual factory overhead $ 321,000
Actual direct labor hours 61,500
Required:
1. Compute the firm’s predetermined factory overhead rate for the current year.
2. Calculate the amount of overapplied or underapplied overhead.
3. Prepare a journal entry to transfer the underapplied or overapplied overhead to the Cost of Goods Sold account.
Required 2 Required 3
1. The Tomek Company's predetermined factory overhead rate for the current year is $5 per direct labor hour.
2. The total amount of underapplied overhead is $13,500.
3. The journal entry to transfer the underapplied overhead to the Cost of Goods Sold account is as follows:
Journal Entry:Debit Cost of Goods Sold $13,500
Credit Factory Overhead (underapplied) $13,500
What is the predetermined overhead rate?The predetermined overhead rate allocates manufacturing overhead costs to cost objects (product or service units) based on estimated overhead costs and estimated allocation base.
Using the predetermined rate may give rise to overapplied or underapplied overheads with adjustments to the Cost of Goods Sold.
Data and Calculations:Budgeted total factory overhead = $305,000
Budgeted total direct labor hours = 61,000
Predetermined overhead rate = $5 ($305,000/61,000)
Actual factory overhead $ 321,000
Actual direct labor hours 61,500
1. The Tomek Company's predetermined factory overhead rate for the current year is $5 per direct labor hour.
2. The total amount of underapplied overhead is $13,500 ($321,000 - $307,500).
Thus, since there was an underapplied overhead, the Cost of Goods Sold will be debited with $13,500 while the Factory Overhead is credited to close the underapplied overhead.
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Tylers client expressed concerns and questioned some of the details of the sales proposal once he completed his sales presentation. An effective salesperson would
An effective salesperson would ask if there are any types of doubts or concerns that the person has with respect to the sales pitch.
Who is a salesperson?A sales representative is a person who represents a business and sells its own goods or services. The sales representatives typically market their goods by calling customers, interacting with them in person, placing advertisements, filing out tenders, etc.
The salesperson wants them to express if they have any is out of query or want doubts or concerns regarding the sales space that was given to them, they create a sense of information in the best possible manner that they can provide.
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Use the midpoint method to calculate the price elasticity of demand for potato chips that increased in price from $2.00 to $3.00. The quantity demanded decreased from 100 bags a week to 50 bags a week at the local grocery store. Round to one decimal place.
The price elasticity of demand for potato chips is - 1.67.
How elastic is demand in relation to prices?The relationship between the percentage change in a product's quantity demanded and the percentage change in price is known as price elasticity of demand. It helps economists comprehend how supply and demand shift in response to changes in a product's price.
The following is a formula for price elasticity of demand using the midpoint method:
Price elasticity of demand = [tex]\frac{{(Q_{2} - Q_{1}) / (Q_{2} + Q_{1} ) / 2}}{ {(P_{2} - P_{1} ) / ( P_{2} + P_{1}) /2 }}[/tex]
Where,
The quantities before and after price increases are [tex]Q_{1}[/tex] and [tex]Q_{2}[/tex], respectively;
Initial price is [tex]P_{1}[/tex], and new price is [tex]P_{2}[/tex].
When you add up all the numbers, you get:
Price elasticity of demand = [tex]\frac{{(50 - 100) / (50 + 100 ) / 2}}{ {(3 - 2 ) / ( 3 + 2) /2 }}[/tex] = - 1.67
Negative signs suggest that volume will decline as prices rise.
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Hart, Attorney at Law, experienced the following transactions in Year 1, the first year of operations:
Showing the effects of the transactions on the financial statements is as follows:
Balance Sheet Income Statement
Assets = Liabilities + Equity Revenue - Expenses
Cash Supplies Accounts Unearned Retained
Payable Revenue Revenue
1. $36,000 $36,000
2. 54,000 $54,000
3. $2,800 $2,800
4. ($2,400) ($2,400)
5. ($5,000) ($5,000)
6. ($31,000) ($31,000)
7. ($2,600) ($2,600)
8. ($27,000) $27,000
$51,600 $200 $400 $9,000 ($5,000) $81,000 - ($33,600)
Net income = $47,400 ($81,000 - $33,600)
Transaction Analysis:1. Cash $36,000 Unearned Revenue $36,000
2. Cash $54,000 Service Revenue $54,000
3. Office Supplies $2,800 Accounts Payable $2,800
4. Accounts Payable $2,400 Cash $2,400
5. Dividend $5,000 Cash $5,000
6. Operating expenses $31,000 Cash $31,000
7. Supplies Expenses $2,600 Office Supplies $2,600
$200 of office supplies remained on hand.
8. Unearned Revenue $27,000 Service Revenue $27,000
Thus, the transactions of Hart produced a net income of $47,400 for Year 1, using the accounting equation.
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Question Completion:1. Accepted $36,000 on April 1, Year 1, as a retainer for services to be performed evenly over the next 12 months. 2. Performed legal services for cash of $54,000. 3. Purchased $2,800 of office supplies on account. 4. Pald $2,400 of the amount due on accounts payable. 5. Pald a cash dividend to the stockholders of $5,000. 6. Pald cash for operating expenses of $31,000. 7. Determined that at the end of the accounting period $200 of office supplies remained on hand. 8. On December 31, Year 1, recognized the revenue that had been earned for services performed in accordance with Transaction 1. Required Show the effects of the events on the financial statements.
28) LMX theory is primarily concerned with how well leaders and followers ____.
A) maintain high commitment levels
B) achieve work-related goals
C) work together
D) create peer relationships
Which is correct help me!
LMX theory is primarily concerned with how well leaders and followers work together.
What is the Leader-member exchange theory?The theory takes still conceptualizes leadership as a process that is centered on the interactions between leaders and followers and makes the dyadic relationship between leaders and followers the focal point of the leadership process.
The theory does not focus on the specific characteristics of an effective organizational leader, it focuses on the nature and quality of the relationships between a leader and his or her individual subordinates. So, as the LMX theory is primarily concerned with how well leaders and followers work together. Therefore, the Option C is correct.
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Ques: In considering the trade-offs for systems development processes, what could cause diseconomies of scale? a. unexpected events
Considering the trade-offs for systems development processes could cause diseconomies of scale and unexpected events adding more people.
Economies of scale consult with these decreased expenses in line with units springing up due to a boom within the total output. Diseconomies of scale, alternatively, occur when the output increases to this sort of a superb extent that the fee according to unit starts increasing.
Economies of scale exist whilst long-run average general cost decreases as output will increase, diseconomies of scale arise while long-run common total value increases as output will increase, and constant returns to scale occur while prices do now not trade as output increases.
Economies of scale are when the value according to a unit of production (common cost) decreases because the output (sales) increases. Diseconomies of scale are when the price per unit of production (common cost) increases due to the fact the output (income) will increase. the increase brings each benefit and drawback to an enterprise.
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what changes in experiment are found to have made a difference, this type of validity is established
The best forms of changes in experiments that contribute to strong validation is:
Internal Validity. Internal validity investigates whether the study design, methodology, and analysis provide unbiased answers to the research questions
What is an experiment?An experiment is a technique that is carried out to support or deny a hypothesis, or to test the efficacy or probability of something that has never been done before.
Experiments shed light on cause-and-effect relationships by revealing what happens when a certain element is changed.
What re the various kinds of validity?The following are various types of validity:
Validity on the surface.Validity of contentValidity of constructionInternal consistency.External credibility.Validity of statistical conclusionsValidity based on criteria.Learn more about experiments:
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Georgia Pacific, a manufacturer, incurs the following costs. (1) Classify each cost as either a product or a period cost. If a product cost, identify it as direct materials, direct labor, or factory overhead, and then as a prime and/or conversion cost. (2) Classify each product cost as either a direct cost or an indirect cost using the product as the cost object.
1. Office supplies used.
2. Bad debts expense.
3. Small tools used.
4. Factory utilities.
5. Advertising.
6. Amortization of parents on factory machine.
7. Payroll taxes for production supervisor.
8. Accident insurance on factory workers.
9. Depreciation - Factory building.
10. State and federal income taxes.
11. Wages to assembly workers.
12. Direct materials used.
Product cost: This is the total cost incurred to manufacture a product. Product costs include direct materials costs, direct labor costs, and manufacturing overhead. This cost is included in the cost of the inventory.
Direct materials cost: Direct materials cost is the cost of prime raw materials which are directly related or identified with the goods produced. For example, the cost of plastic components is identified as a direct materials cost in the production of plastic bottles.
1. Office supplies used. - direct cost
2. Bad debt expense. - indirect cost
3. Small tools used. - direct cost
4. Factory utilities. - direct cost
5. Advertising. - direct cost
6. Amortization of parents on a factory machine. - indirect cost
7 . Payroll taxes for production supervisor. - indirect cost
8. Accident insurance for factory workers. - indirect cost
9. Depreciation - Factory building. - indirect cost
10. State and federal income taxes. - indirect cost
11. Wages to assembly workers. - direct cost
12. Direct materials used. - direct cost
Factory or manufacturing overhead costs The costs, which do not relate directly to the manufacturing of products, are referred to as factory or manufacturing overhead costs.
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If financial information is relevant this means that
If financial information is relevant it means the inform is relevant and important in making important financial decisions.
What are financial information?Financial information contains details about an organisation financial transaction or finance.
This includes all financial expenses and profits that the organization incurred.
Financial information should have a predictive value to make it more detailed and useful for important decision.
Therefore,
If financial information is relevant it means the inform is relevant and important in making important financial decisions.
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contoh pertanyaan ruang lingkup bisnis?
I need answers to the following ASAP please
1. If the debit and credit columns of the trial balance match,, then does that guarantee that the journal entries where prepared correctly?
2. Why are the temporary accounts closed during the closing process?
1. It is correct to state that the debit and credit columns of the trial balance match, this ensures that the accounting entries have been prepared correctly.
2. Temporary accounts are closed during the accounting period closing process for purposes of organization, control and to prevent balances from being mixed with those of the next accounting period.
What is an accounting period?Corresponds to a period of time in which an organization will calculate its assets, that is, its credits and debits related to a period that can be carried out, for example, in the weekly, monthly or annual period, which is an instrument for identifying the financial situation of the company and its evolution.
Therefore, it is essential that accounting, such as financial statements and balance sheets are developed in an organized and structured way, in order to increase corporate governance to stakeholders, in addition to ensuring the best decision-making for business performance.
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Accountant Andy would like to buy a new general ledger software program but does not have the full purchase price available right now. Andy called a friend who uses the desired software and asked for a copy of it for use until Andy could come up with the money to buy it. Comment on why it is or is not okay for Andy to make such a request.
The reason why i will say that it is not okay for Andy to make such a request on credit payment is that Andy has not used the app before and if there are issues with it, there is nothing that he can do as he will incur more cost to himself and also starting something like this should not be one credit as software do fail in some cases.
What is a general ledger software?General ledger software is known to be a type of software that is known to help make financial reports from saved transactions in all parts or aspects of various business entities.
Therefore, based on the above, the reason why i will say that it is not okay for Andy to make such a request on credit payment is that Andy has not used the app before and if there are issues with it, there is nothing that he can do as he will incur more cost to himself and also starting something like this should not be one credit as software do fail in some cases.
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45) Tomas goes to work, gets his job done, and then goes home. This is an example of which type of membership?
A) in-group
B) out-group
C) task
D) supportive
Which is correct?
Tomas goes to work, gets his job done, and then goes home. This is an example of which type of membership is A) in-group.
Membership packages are a means of incentivizing giving and involvement within nonprofit groups and institutions. The agency extends additional engagement opportunities to individuals in trade for donations in the form of membership prices.
A club card is a physical or digital card that proves a member's club is together with your organization. It is able to be used when admitting individuals into occasions and to provide them access to different member blessings.
Membership status means the designation of a member as either full Member, Alert Member, or Probationary Member.
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James was on a budget and debt-free when Tom, his best friend, was partially paralyzed in a car accident. Tom’s school took up a collection for a special wheelchair, but James had no savings, and he couldn’t fit giving into his budget. James felt horrible about not being able to help out. How can he do things differently in the future so he can help people in need like Tom?
The way that James would be able to do things differently so that he is able to help his friend would be by:
Having to rearrange his priority to include giving in his budget.He would have to learn how to save money so that he can take care of unforeseen circumstances such as this.What is saving?This is the term that has to do with all of the activities that would involve the keeping of money aside so as to be able to take care of certain needs that may arise at a time that one may not be expecting. Such needs are classified under unforeseen events.
The needs of his friend can be seen as an unforeseen event because he was not expected to have been in an accident. James would have been able to help out if he had money saved somewhere,
We can conclude by saying that The way that James would be able to do things differently so that he is able to help his friend would be by:
Having to rearrange his priority to include giving in his budget.He would have to learn how to save money so that he can take care of unforeseen circumstances such as this.Read more on savings here:
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42). Which is correct
A) low quality
B) medium quality
C) moderately high quality
D) high quality
Answer:
D: high quality I belive
Most businesses won't tell you the truth about their product or service.Their job is tell you the good things Your job is to find out the truth.
Most businesses won't tell you the truth about their product or service. Their job is to tell you the good things Your job is to find out the truth. this statement is true.
Business nouns are countable or uncountable. In more general and commonly used contexts, the plural can also be business. However, in more specific contexts, the plural can also be firm. Concerning various kinds of companies or collections of companies.
A company is defined as an organization or business entity engaged in commercial, industrial, or professional activities. A company can be either a commercial entity or a non-profit entity. Company types range from limited liability companies to sole proprietors, corporations, and partnerships. Business is made up of individuals working together to meet the needs of society and common goals. Examples of businesses include Coca-Cola and Walmart, as well as small private companies such as accounting firms and local grocery stores.
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your manager ask you to get details on a computer crash
what windows application could you use
The window you can use is Event Viewer.
Event Viewer is part of Microsoft's home windows NT running device that shall we administrators and users view the occasion logs on a neighborhood or faraway gadget.
Microsoft home windows Server Event Viewer is a monitoring device that suggests a log of events that can be used to troubleshoot troubles on a windows-primarily based system. The event Viewer presentations data about software, security-associated, gadget ,and set up events.
The windows event viewer indicates a log of software and gadget messages, together with mistakes, records messages, and warnings. It's a beneficial device for troubleshooting all forms of special windows problems.
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The contraction phase of a business cycle occurs from the
In a business cycle, the contraction stage starts when:
After the business cycle reaches its peak but before it troughs, a contraction typically happens. Most economists believe that a recession has started when a nation's real gross domestic product (GDP), the most closely watched gauge of economic activity, has decreased for two or more consecutive quarters.
When does the business cycle contract and why?the stage of the business cycle contraction
Recessions are brought on by shrinkage. 3 A contraction is caused by three different kinds of things. They include runaway inflation, an abrupt rise in interest rates, and a financial crisis.
Quizlet: What does a business cycle contraction mean?Most economists believe that a contraction happens when a nation's real GDP declines for two or more consecutive quarters. Trough. A trough in economics is a low point in a business cycle or a regional minimum.
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The contraction phase of a business cycle occurs from the peak to the trough. During this phase, economic activity slows down, and there is a decline in various economic indicators such as GDP, employment, and consumer spending.
1. Business cycles refer to the natural fluctuations in economic activity over time. They are characterized by alternating periods of expansion and contraction.2. The contraction phase, also known as a recession or a downturn, begins after the economy reaches its peak. The peak is the highest point of economic activity, where production, employment, and income levels are at their highest.3. In the contraction phase, there is a decline in economic activity, resulting in a slowdown in the overall economy. This decline is reflected in various indicators such as a decrease in Gross Domestic Product (GDP), a rise in unemployment rates, and a decrease in consumer spending.4. During this phase, businesses may experience lower profits, leading to cost-cutting measures such as layoffs and reduced investment. This, in turn, can contribute to a further decline in economic activity.5. The contraction phase is often characterized by negative business sentiment, decreased consumer confidence, and reduced demand for goods and services. These factors can lead to a downward spiral, where reduced spending by consumers and businesses further dampens economic growth.6. Policy measures such as monetary and fiscal policies are often implemented during the contraction phase to stimulate the economy. Central banks may lower interest rates to encourage borrowing and investment, while governments may increase government spending or implement tax cuts to boost consumer spending.In summary, the contraction phase of a business cycle occurs after the peak and is characterized by a decline in economic activity, including indicators such as GDP, employment, and consumer spending. It is a period of economic slowdown and is often accompanied by negative business sentiment and reduced demand.
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Meira is interested in getting money to buy a house. Which workplace would give her the best chance of obtaining that money?
A bank would give her the best chance of obtaining that money. Thus, option A is correct.
What is the workplace?The workplace can be defined as the place where people come in to have a job or to work. It can be a building and an office in this without there can be many numbers of employees that are being employed over there.
If Meira is interested in getting home then the loan is the best option one can and the best chance in getting that would be from a bank as the rate would be already decided, and they might have an account over there which would have a fixed rate of interest for her.
Therefore, option A is the correct option.
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The question is incomplete, the complete question will be:
a bank
an insurance company
the stock market
a tax preparation office
what is partnership in business?
A partnership is a relationship between 2 or a lot of folks to try and do trade or business. every person contributes money, property, labor, or skill, and shares the profits and losses of the business. Publication 541, Partnerships, has data on how to: kind a partnership. create partnership distributions.
A partnership business, by definition, consists of two or more those that mix their resources to make a business and conform to share risks, profits and losses. Common partnership business examples embrace law corporations, medical practitioner groups, realty investment firms, and accounting groups.
A partnership may be a kind of business where 2 or more folks share ownership, further because of the responsibility for managing the corporate and also the financial gain or losses the business generates.
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Explain how scarcity is related to the concept of choice
Wherein there's a shortage, choices have to be made! scarcity refers back to the finite nature and availability of resources while desire refers to human beings' selections about sharing and using one's assets.
In economics, scarcity refers to assets that a restricted in amount. There are 3 reasons for shortage – call for-prompted, supply-caused, and structural. There also are two types of shortage – relative and absolute.
Scarcity is the primary monetary problem. It arises from the insufficiency of assets to fulfill human beings' needs. the shortage is ubiquitous. wealthy people face shortages when they need greater than they can purchase after they can't be in places without delay, and when, thus, they must pick among alternatives.
The shortage impact is the cognitive bias that makes human beings location a better cost on an item that is scarce and a decrease fee on one that is available in abundance.
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Pappa's Appliances uses the periodic inventory system. Details regarding the inventory of appliances at January 1, purchases invoices during the year, and the inventory count at December 31 are summarized as follows:
Model Inventory,
January 1
Purchases
Invoices 1st
Purchases
Invoices 2nd
Purchases
Invoices 3rd Inventory Count,
December 31
C55 3 at $ 1,040 3 at $ 1,054 3 at $ 1,060 3 at $ 1,070 4
D11 9 at 639 7 at 645 6 at 666 6 at 675 11
F32 5 at 240 3 at 260 1 at 260 1 at 280 2
H29 6 at 305 3 at 310 3 at 316 4 at 317 4
K47 6 at 520 8 at 531 4 at 549 6 at 542 8
S33 — 4 at 222 4 at 232 — 2
X74 4 at 35 6 at 36 8 at 37 7 at 39 7
Required:
1. Determine the cost of the inventory on December 31 by the first-in, first-out method and weight average method.
If the inventory of a particular model comprises one entire purchase plus a portion of another purchase acquired at a different unit cost, use a separate line for each purchase. If units are in inventory at two different costs, enter the units PURCHASED MOST RECENTLY first
1. The cost of the inventory on December 31 by the First-in, First-out (FIFO) method is $18,545.
2. The cost of the inventory on December 31 by the Weighted Average Cost method is $18,150.50.
What is the FIFO method?The FIFO method is the inventory costing method that computes the cost of goods sold based on the cost flow assumption that goods bought or produced first are the first to be sold
The ending inventory cost becomes the difference between the cost of goods available for sale and the cost of goods sold.
What is the weighted average cost method?Under this method, the weighted average cost (total cost divided by quantity) is computed for each inventory model.
Both the cost of goods sold and the cost of ending inventory are based on the weighted average.
Data and Calculations:
Purchases Invoices
Model Inventory, Inventory Count
January 1 1st 2nd 3rd December 31
C55 3 at $ 1,040 3 at $ 1,054 3 at $ 1,060 3 at $ 1,070 4
D11 9 at 639 7 at 645 6 at 666 6 at 675 11
F32 5 at 240 3 at 260 1 at 260 1 at 280 2
H29 6 at 305 3 at 310 3 at 316 4 at 317 4
K47 6 at 520 8 at 531 4 at 549 6 at 542 8
S33 — 4 at 222 4 at 232 — 2
X74 4 at 35 6 at 36 8 at 37 7 at 39 7
FIFO: Ending Inventory:Purchases Invoices
Model Inventory, Inventory Count
January 1 1st 2nd 3rd December 31
C55 — — 1 at $ 1,060 3 at $ 1,070 4
D11 — — 5 at 666 6 at 675 11
F32 — — 1 at 260 1 at 280 2
H29 — — — 4 at 317 4
K47 — — 2 at 549 6 at 542 8
S33 — — 2 at 232 — 2
X74 — — — 7 at 39 7
C55:
1 at $ 1,060 $1,060
3 at $ 1,070 3,210 $4,270
4
D11:
5 at 666 $3,330
6 at 675 $4,050 $7,380
11
F32:
1 at 260 $260
1 at 280 $280 $540
2
H29:
4 at 317 $1,268 $1,268
4
K47:
2 at 549 $1,098
6 at 542 $3,252 $4,350
8
S33:
2 at 232 $464 $464
2
X74:
7 at 39 $273 $273
7
38 Total Ending Inventory = $18,545
Weighted Average Cost:Model Total Costs Items Average Cost Count Ending Cost
C55 $12,672 12 $1,056 4 = $4,224
D11 $18,312 28 $654 11 = 7,194
F32 $2,520 10 $252 2 = 504
H29 $4,974 16 $310.875 4 = 1,243.50
K47 $12,816 24 $534 8 = 4,272
S33 $1,816 8 $227 2 = 454
X74 $925 25 $37 7 = 259
Total ending inventory 38 $18,150.50
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Mrs wu is primarily a homemaker and employed in jobs that provided taxable incom
You are meeting with a career coach to help you define career goals. What is the least likely question that
would help you define short-term goals?
Select an answer:
What type of salary are you seeking?
What jobs or tasks are you qualified to do?
What activities do you enjoy doing?
What jobs or tasks will people actually pay you to do?
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We can actually deduce here that the least likely question that would help one define short-term goals is: What activities do you enjoy doing?
What is short-term goal?Short-term goal actually refers to a goal that is set in order to achieve it in the near future. The near future actually means something close which might be today, this week, next week, this month or this year.
In other words, short term goal refers to something that you to achieve soon and within a short time.
"What activities do you enjoy doing?" will help you understand the things you can do within the short time in order to achieve your short term goals.
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15). The path-goal approach suggests that a leader's job is to use a style that best fits _____.
A) followers’ needs
B). followers' needs and the type of job they are doing
C). their own and the followers' work style
D). followers' characteristics
Which is correct!
The path-goal approach suggests that a leader's job is to use a style that best fits followers' needs and the type of job they are doing.
The path-goal concept states that a leader's behaviour is contingent on the delight, motivation, and performance of their employees. The manager's activity is regarded as guiding employees to choose the first-rate paths to attain both their desires as well as the agency's dreams.
An example of this fashion might be while an income leader units a high aim for the range of sales a group must make at some point. The chief builds up the team's self-assurance all through the sales event, encourages, and supports every worker to do their great to attain the high sales aim they set.
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