Answer:
current price of the CPI basket = $550
base year's price of CPI basket = $500
CPI = (cost of basket in current year / cost of basket in base year) x 100
1) the CPI for the current year = ($550 / $500) x 100 = 110
2) if the CPI decreased to 90, it means that the economy is suffering from deflation or the decrease in the general price level. It would take a 10% decrease in the price level (deflation) to reach a CPI of 90.
3)
nominal GDP real GDP GDP deflator
$100 billion $80 billion 125
$200 billion $100 billion 200
$240 billion $200 billion 120
$300 billion $200 billion 150
$100 billion $80 billion 125
The CPI is calculated by dividing the current year's market basket value by the base year's market basket value and multiplying by 100. A CPI of 90 indicates a 10% decrease in prices compared to the base year. To change the base year, the same calculation process is followed with the new base year's value.
Explanation:To calculate the Consumer Price Index (CPI) when the value of a market basket in a given year is $550 and the basket in the base year was $500, you divide the current year's basket value by the base year's basket value and multiply by 100. This gives you a CPI calculation of ($550/$500)*100, which equals 110. This index indicates that there has been a 10% increase in the price level since the base year.
When the CPI for a given year is 90, it means that prices are 10% lower compared to the base year since the CPI is less than 100. This represents deflation or a decrease in the general price level.
To recalibrate the index when changing the base year, you follow the same process using the new base year's basket value. Economists use a base year and a basket of goods and services as a reference to compute price changes over time. If we select 2010 as the new base year with an arbitrary value, we would recalculate the CPI for all other years relative to 2010's market basket value ensuring it has a CPI of 100.
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Many project managers like to use the Tracking table to update progress because it shows the currently scheduled task start and finish dates (the Update Tasks dialog box does not show the scheduled start and finish dates).A. TrueB. False
Answer:
False
Explanation:
It is incorrect
Which transportation method is this?
Limestone from the upper Great Lakes area to steel mills in Chicago.
A. Pipeline
B. Railroad
C. Waterway
D. Motor
E. Air
Answer:
C. Waterway
Explanation:
The waterway is the mode of transportation used to transport goods over the water bodies across the globe to make transport convenient for covering a large distance. It is also considered a cheaper source of transportation in case heavier goods to transport to far distance. There are many water transport is used like; Ships, ferries, tug boats, sailboats, etc. and it travel over various bodies of water such as oceans, lake, canals, and rivers.
In the given case, Limestone is transported to Chicago's steel mills through upper great lakes.
How large of a sample size would you need to estimate a population proportion if you wanted to construct a 95% confidence interval
Answer:
Explanation:
To find a 95% CI with a margin of error no more than ±3.5 percentage points, where the true population proportion is around 42%, you must survey at least 764 people. 10×764 = 7640; presumably the electorate is larger than that.
The static budget, at the beginning of the month, for Divine Décor Company, follows: Static budget: Sales volume: 1 comma 200 units; Sales price: $ 70 per unit Variable costs: $ 32 per unit; Fixed costs: $ 38 comma 000 per month Operating income: $ 7 comma 600 Actual results, at the end of the month, follows: Actual results: Sales volume: 990 units; Sales price: $ 75 per unit Variable costs: $ 35 per unit; Fixed costs: $ 34 comma 700 per month Operating income: $ 4 comma 900 Calculate the flexible budget variance for sales revenue.
Final answer:
The flexible budget variance for sales revenue is calculated by subtracting the flexible budget sales revenue from the actual sales revenue. In this case, it results in a favorable variance of $4,950, showing that Divine Décor Company's actual sales revenue was higher than what the flexible budget predicted for the given volume.
Explanation:
To calculate the flexible budget variance for sales revenue, we need to compare the actual revenue to what the revenue would have been if the static budget were adjusted to the actual sales volume. The static budget had predicted sales of $84,000 (1,200 units × $70 per unit). However, the actual results show that the Divine Décor Company sold 990 units at $75 per unit, totaling $74,250.
The flexible budget amount for sales revenue would take the actual quantity of units sold and multiply it by the static budget's sales price per unit, which gives us 990 units × $70 per unit = $69,300. The flexible budget variance is the difference between the actual sales revenue and the flexible budget sales revenue. So, the flexible budget variance for sales revenue is $74,250 (actual) - $69,300 (flexible budget) = $4,950 favorable, since the actual revenue exceeded the flexible budget amount.
A canning company defines a "nonconformance" as an orange juice can whose diameter is beyond the upper specification limit.A manager at the canning company wants to monitor the number of such orange juice cans produced per day.Each day,an employee will randomly select 120 cans over a period of four weeks.The employee then determines and plots the number of nonconformance cans in each sample.The appropriate control chart is a(n):_________.
A) u-chart.
B) R-chart.
C) p-chart.
D) np-chart.
Answer:
Option D. np-chart.
Explanation:
An np-chart is an attributes control chart which is used with the data that is collected in subgroups that are the same size. Np-charts are used to show how the process (which is measured by the number of nonconforming items it produces) changes over time. The process attribute is always described in a yes/no, pass/fail, go/no go form.
In other words, an np-chart refers to a plot of number of defective pieces in a fixed sample size in the order of production. If the sample size is fixed, np-chart can be used. For instance, the number of incomplete accident reports in a constant daily sample of five would be plotted on an np-chart.
Final answer:
The appropriate control chart for monitoring nonconforming orange juice cans at a canning company is an np-chart, which is used when dealing with a constant sample size and counting the number of defective items.
Explanation:
The appropriate control chart for monitoring the number of nonconforming orange juice cans whose diameter is beyond the upper specification limit is a np-chart. A np-chart is used for quality control when monitoring the number of defective items in a sample of constant size.
In this case, since the employee samples a constant number of 120 cans each day, and they are counting the number of cans that are nonconformances (either conforming or not), the np-chart is the correct tool to use in this scenario. Other charts like the p-chart, u-chart, and R-chart are not suitable because they are used for different scenarios.
The p-chart is used for proportions when sample sizes vary, the u-chart is used for counts of nonconformances per unit where the sample size can vary, and the R-chart monitors the range within samples as a measure of variability.
Alfred lost his 3-year-old camera. It cost him $150 three years ago and had a life expectancy of 6 years. Alfred has actual cash value coverage on this camera, which means his insurance company will issue him a check for ________ for his loss. A similar new camera now costs $200.
Answer:
insurance company will pay $75 to Alfred.
Explanation:
given data
Actual cost of camera = $200
Alfred cost of camera = $150
Life expectancy = 6 years
solution
we get here first Remain life of camera that is
Remain life of camera = 6 years - 3 years
Remain life of camera = 3 years
and
now we get here current cost of the camera that is
current cost of camera = Alfred cost of camera × (Remain life of camera ÷ Life expectancy) ........................1
put here value and we get
Current cost of camera = $150 × [tex]\frac{3}{6}[/tex]
Current cost of camera = $75
so that insurance company will pay $75 to Alfred.
Put the Procurement to Payment process steps in order of occurence: 1.Vendor Payment 2. Create and send Purchase Order to vendor 3.Create purchase requisition 4.Vendor Selection 5.Shipment ot item ordered from vendor 6.Invoice receipt 7.Goods Receipt
Answer:
The correct sequence is as follows;
3.Create purchase requisition - 4.Vendor Selection - 2. Create and send Purchase Order to vendor - 5.Shipment of item ordered from vendor - 7.Goods Receipt - 6.Invoice receipt - 1.Vendor Payment
Explanation:
In making a requisition, the first step is to create the purchase requisition. This then drives or informs the selection of a vendor.
Then, the purchase order is created and sent to the vendor. The vendor ships based on the purchase order, the goods are received and acknowledged.
The seller sends the invoice which informs the amount to be paid.
To communicate effectively, a marketing communicator should most likely ________. A. encode and decode the message personally and frequently B. ensure that the encoding and decoding processes are different C. use familiar words and symbols D. foresee unplanned static or distortion E. understand the consumer's field of experience
Answer:
c
Explanation:
it makes communication a lot easier when communicating with customers and clients to ensure that that what is being said and symbols involved are clear and understandable.
To communicate effectively, a marketing communicator should most likely use familiar words and symbols. Hence, option C is correct.
Why is it important to communicate properly in marketing?It is important to communicate efficiently in the marketing as marketing is all about the customer pitching and customer relationship.
Marketing person always have to listen properly so that they are able to understand the problem of the customer and reply accordingly.
In marketing, excellent communication is crucial. It creates and nurtures connections between workers and customers, and customer becomes the repetitive client.
Thus, option C is correct.
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A major U.S. manufacturer of children's toys believes its main competitive advantage lies in its continuing the creation of innovative toys and games. The company is facing increasing competition on price, and it is strongly considering outsourcing to offshore firms as a means of reducing costs. The LAST function this firm should consider outsourcing is:
Answer:
The options are given below:
a. operations.
b. research and development.
c. supply-chain management.
d. distribution.
The correct option is B.
Explanation:
Research and development (R&D) is a term that is used to refer to the activities that companies undertake in order to innovate and introduce new products and services. It is usually the first stage in the development process.
The objective of research and development is essentially, to take new products and services to market and add to the company's range of products and services. Research and development allows a company gain the advantage over its competition.
From the explanations above, we ca conclude that research and development will be carried out better by the company in concern. This is because the company knows the best way to meet its goals. Therefore, outsourcing this function may not be as effective as when the company performs the function itself.
In light of persistent ____________, growing ____________ and the tendency by some firms and industries to seek legislative redress for failures in the marketplace, the US Congress in the past two decades has increasingly been willing to provide the president with more powers to_________ trade.
Answer:
The answer is:
Trade deficit;
Foreign Direct Investment;
Restrict.
Explanation:
In light of persistent TRADE DEFICIT , growing FOREIGN DIRECT INVESTMENT and the tendency by some firms and industries to seek legislative redress for failures in the marketplace, the US Congress in the past two decades has increasingly been willing to provide the president with more powers to RESTRICT trade.
Trade deficit occurs when a country import more goods than what she is exporting. Trade deficit makes infant industries im the home country less competitive.
Foreign Direct Investment is the ownership of business in another country.
Restricting trade can makes home infant industries more competitive.
The practice whereby buyers and sellers combine their expertise and resources to create customized solutions; commit to joint planning; and share customer, competitive, and company information for their mutual benefit, and ultimately the benefit of the customer, is referred to as:
A. multichannel selling.
B. partnership selling.
C. cross-functional selling.
D. customized ordering.
Answer: Partnership selling
Explanation:
Partnership is a firm of business that occurs when two or more people pool their resources together on order to achieve a common goal.
Partnership selling focuses on the creation of a buying environment
that is based on the customer defined value. For partnership salespeople, they create a bridge between themselves and the customers which give them win-win solutions.
A goods-producing location decision would likely emphasize the importance of ___________
Bread Company hires Craig to sell the companyâs products in a certain area. Bread agrees to pay Craig a salary, plus commission, for a trial period. They also agree that he can sell using any methods and during any hours that seem appropriate. The key factor in whether Craig is Breadâs employee is__________.a. the size of craig's sales area.b. the length of the trial period.c. the control home baked bread has over the details of the work.d. the amount of craig's salary.
The key factor involved in the Sales process of Craig is the control home- baked bread has over the details of the work.
Explanation:
In the process of sales, Corporate ventures apply many marketing strategies to reap the profit margin. It depends upon the reputation of each brand marketed through various selling layouts. Regardless of the size of the market area nor the factor of the trial period and the compensation package, He concentrated only on the quality of the Bread. He strongly believed that homemade bread products should ensure the full health benefits to the buyers who wish to consume again and again without hesitation.
He cannot envisage the status of sales in the future. But at the same time with his tedious jobs of propagating the quality of baked bread, He can boost the marketing and reach its popularity to all wishers who want to consume the product on the regular basis.
The key factor in determining whether Craig is Bread Company's employee is the control that Bread Company has over the details of the work. This control implies the more involvement the company has in dictating how, when, and where the work is done, the more likely it is that an employment relationship exists.
Explanation:In determining whether Craig is Bread Company's employee, the key factor is c. the control that Bread Company has over the details of the work. The more control the Bread Company has over Craig's activities and work details, the more likely it is that Craig would be considered an employee rather than an independent contractor. An example to illustrate this is the Canadian worker who could produce 10 loaves of bread in an hour due to having access to a large industrial-sized oven - it was still the bakery's decision on how much bread to produce, when, and what tools to use. However, in Craig's case, he is allowed to use any methods and work during any hours that he finds suitable, which implies he has a fair amount of autonomy in his role.
On the buyer's side of the labour market, a standard precaution against hiring a "lemon" of an employee is to specify that the first few months of employment are officially a trial or probationary period, and that the employer can dismiss the worker for any reason or no reason after that time. This indicates the element of control the company has over the job tenure during the trial period which is common in many jobs.
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The December 31, 2016 balance sheet of the Rakmer Company had Accounts Receivable of $650,000 and a credit balance in Allowance for Doubtful Accounts of $33,000. During 2017, the following transactions occurred: sales on account $1,550,000; sales returns and allowances, $100,000; collections from customers, $1,250,000; accounts written off, $35,000; previously written off accounts of $8,000 were collected. Instructions (a) Journalize the 2017 transactions. (b) If the company uses the percentage of receivables basis to estimate bad debt expense and determines that uncollectible accounts are expected to be 6% of accounts receivable, what is the adjusting entry at December 31, 2017
Final answer:
To journalize Rakmer Company’s 2017 transactions including sales, returns, collections, and write-offs, the corresponding accounts are debited and credited appropriately. At year-end, calculate the bad debt expense using the percentage of receivables basis by estimating 6% of the total accounts receivable to adjust the Allowance for Doubtful Accounts.
Explanation:
The transactions for the Rakmer Company in 2017 involve sales on account, collections from customers, sales returns and allowances, accounts written off, and collections on previously written off accounts. To journalize these transactions and estimate bad debt expense for the year, the accounting records would be updated as follows:
Sales on account are recorded as a debit to Accounts Receivable and a credit to Sales Revenue.
Sales returns and allowances are debited to Sales Returns and Allowances and credited to Accounts Receivable.
Collections from customers are recorded as a debit to Cash and a credit to Accounts Receivable.
Accounts written off are debited to Allowance for Doubtful Accounts and credited to Accounts Receivable.
Recovery of previously written off accounts are recorded as a debit to Accounts Receivable and a credit to Allowance for Doubtful Accounts, followed by a debit to Cash and a credit to Accounts Receivable upon collection.
For the adjusting entry at year end, assuming a 6% percentage of receivables basis, we calculate 6% of the December 31, 2017, accounts receivable balance to find the desired ending balance for the Allowance for Doubtful Accounts. If the existing credit balance in the allowance account is less than this calculated amount, we need to credit Bad Debt Expense and debit Allowance for Doubtful Accounts with the difference. This ensures our allowance reflects the estimated uncollectible amounts at year-end.
Clay Pots pays Dora $25,000 to propose an online marketing campaign. Two days later, Dora tells Clay Pots that she has accepted a job with its competitor Earthenware Inc. and cannot plan the campaign. As compensatory damages, Clay Pots can recover:________.
a. $0.
b. $2,500.
c. $25,000.
d. $250,000.
Answer:
The correct option is C,$25,000
Explanation:
In discharging a contract ,it is mandated that the parties should be restored back to their previous positions as much as possible,prior to entering into the agreement.
In other words,prior to paying Dora Clay Pots has a cash amount of $25,000 which has been parted with as a consideration for the online marketing campaign,hence Clay pots should be restored to its prior position of having at its disposal cash of $25,000.
Conclusively,the compensatory damages is the return of cash of $25,000.
Fiat money: a is currency backed by the gold in Fort Knox. b is currency from Italy. c has advantages over commodity-backed money. d includes currency, checking deposits and credit cards. e can include currency backed by gold, but not silver.
Answer:
Option D.
Explanation:
Fiat money refers to currency that is issued by the government and which is not backed by any physical commodity, such as gold or silver, but rather by the government that issued it.
The value of fiat money is gotten from the relationship that exists between supply and demand and the stability of the issuing government. The value is not based on the worth of a commodity backing it as is the case for commodity money.
Most modern paper currencies are fiat currencies, including the U.S. dollar, the euro, and other major global currencies. One risk that fiat money faces is the printing of too many of a particular currency, which can contribute to hyperinflation.
Answer:
D.includes currency, checking deposits and credit cards.
Explanation:
Fiat money can be defined as any currency declared as legal tender by the government that lacks intrinsic value.
Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. It is not a currency from Italy.
Fiat money gives central banks of a country a greater control over the economy because they can control how much money is printed and the value is defined by the relationship between demand and supply.
Howard Corporation issued a 20-year mortgage note payable on January 1. On December 31, the unpaid principle balance will be reported as:_______.
a. part current and part long-term liability.
b. a current liability.
c. a long-term liability.
d. interest payable.
Answer:
c. a long-term liability.
Explanation:
Short term liabilities are those liabilities which need to be paid within one year time and Long term liabilities are those liabilities which need to be paid after one year time.
In this question on December 31, Howard Corporation need to pay the principal in 19 years from now, as it it a long period, so amount of principal will be classified as a long-term liability.
In an oligopoly market Group of answer choices individual firms pay no attention to the behavior of other firms. advertising of one firm has no effect on all other firms. one firm's pricing decision affects all the other firms. the pricing decisions of all other firms have no effect on an individual firm.
Answer:
Option C
One firm's pricing decision affects all the other firms
Explanation:
An oligopoly is a market structure where the production of goods and services is shared by only a small number of large firms. A good example is the automobile industry in America
In an oligopoly, the leading firms are actually producing to a certain extent, substitute goods, since they are all within the same industry.
If one of the large firms sets a price, this will affect the pricing that the other large firms will adopt because of the substitutive nature of their goods and services. Businesses operating within an oligopoly want to keep their prices similar. Price reductions by a company will cause the other companies to reduce their prices also, to ensure they are still in the competition.
Hence,a firm's pricing decision affects all the other firms
Vaughn Inc. reported total assets of $2406000 and net income of $332000 for the current year. Vaughn determined that inventory was overstated by $25500 at the beginning of the year (this was not corrected). Ignoring income taxes, what is the corrected amount for total assets and net income for the year?
Answer:
$2,380,500 and $357,500
Explanation:
The movement in the balance of inventory at the start and end of a period is as a result of sales and purchases. While sales reduces the balance in inventory, purchases increases the balance. This may be expressed mathematically as
Opening balance + purchases - cost of goods sold = closing balance
As such, when inventory is overstated at the start of the year, the ending inventory would also be overstated by the same amount, the cost of goods sold would be overstated and net income understated.
Correct amount of asset
= $2406000 - $25500
= $2,380,500
net income for the year
= $332000 + $25500
= $357,500
Natalie walks by a bakery, and her first response to the aroma coming from the store is a desire to eat something sweet and delicious. Which of the following terms refers to this instantaneous response that Natalie experienced?
A. Comprehension.
B. Perception.
C. Sensation.
D. Exposure.
E. Assimilation.
Which statement is correct as it relates to budgetary control? Budget reports are used to compare estimated results with budgeted results. Planned objectives lose value when monitored. Budget reports are prepared either annually or quarterly. Budgets contribute to the control of operations.
Answer:
Budgets contribute to the control of operations.
Explanation:
Working with a fixed budget gives one primary control of a targeted operation. A budget enables one work effectively with the necessary labor required, equipment, outsourced tasks, production schedule etc. Without a planned budget, an operations lifespan becomes uncertain which is not good.
Paul recently graduated from college and joined an information technology firm. When he starts work, Paul is taken aback by the differences between college life and professional life. He is dissatisfied with his unsupportive supervisor and is concerned about the lack of frequent feedback and the uncertainty of the logistical aspects of solving work problems. This scenario best exemplifies _____.
Answer:
entry shock
Explanation:
In simple words, entry shock refers to the stage in an individuals professional career where he or she might feel confused about his or her work and get concerned with their future. There could be many reasons behind such a scenario.
Some of which is lack of understanding of the practical aspects of the knowledge to be performed, lacking adjustment in the work environment etc. Thus, from the above we can conclude that the given case illustrates entry shock.
Final answer:
The response discusses uncertainty in starting a new job, the anxiety in transitioning from college to the professional world, and the importance of developing success-driven mindsets during this period.
Explanation:
Uncertainty in the professional setting: When Paul experiences dissatisfaction with his supervisor, lack of frequent feedback, and uncertainty in solving work problems, it reflects the high level of uncertainty typical in a new job.
Anxiety in transitioning: Similar to the nerves on the first day of a class with a new instructor, transitioning from college to the professional world can cause feelings of anxiety due to unpredictability.
Developing mindsets for success: Individuals like Paul need to adapt behaviors and mindsets to navigate challenges and frustrations in the transition from college to the workforce.
On September 1 the Petite-Sizes Store paid $12,000 to the Mega-Mall Co. for 3-month rent beginning September 1. Prepaid Rent was debited for the payment. If Petite-Sizes Store prepares financial statements on September 30, the appropriate adjusting journal entry to make on September 30 would be ________.
a. Prepaid Rent - $4,000; Rent Expense - $4,000b. Rent Expense - $4,000; Prepaid Rent - $4,000c. Prepaid Rent - $8,000; Rent Expense - $8,000d. Rent Expense - $8,000; Prepaid Rent - $8,000
On June 1, Grey Co. borrows $15,000 cash from National Bank by signing a 120-day, 10% interest-bearing note. Grey will record interest during the year totaling {$blank input field}. Using a 360 day year, round your final answer to the nearest whole dollar.
Answer:
$500
Explanation:
The amount of interest to be recorded Grey Co on the borrowed amount of $15,000 is computed by applying the interest rate of 10% to the amount borrowed while apportioning the 120 days period by multiplying by 120 days and dividing by 360 days as computed below:
Interest=$15,000*10%*120/360=$500
The interest that Grey Co would record on the $15,000 is $500 during the year using a 360 day per year instead of the usual 365 day which does not make provision for Banks' holidays
Answer:
$500
Explanation:
Principal amount = $15000
Interest rate = 10%
Interest value = 10%*15000
$1,500
Loan term = 120 days
Pro rated interest = 120/365*1500=493.1
To the nearest whole dollar $500
Shannon is an officer for Turista Shirts Corporation. Due to a bad business decision, made on a reasonable basis, on Shannon’s part, the company’s sales decrease. Shannon is most likely liable for breach of:
Answer:
(d) none of the choices.
Explanation:
Since in the question, it is given that Shannon is an officer and because of a bad business decision that made on a reasonable basis, the company sales decreased that does not reflect the breach of duty of care, neither the judgment rule nor the duty of loyalty
As these options do not a reason for reducing the sales of the company
Hence, the correct option is d.
Bad publicity associated with massive layoffs is an example of _________. Group of answer choices competitive rivalry exit barriers excess capacity horizontal integration horizontal diversification new entrant risk
Answer:
Exit Barriers
Explanation:
Exit barriers are obstacles mitigates a company from leaving a market in which considerations are made in stopping operations or from which it wishes to separate from. They are things that hinders an organization from exiting a market. Barriers associated with exit barriers may include emotional barriers such as massive layoffs, desire to recoup and so on. Other exit barriers include strategic interrelationship and specialized assets and governments and social restrictions.
Final answer:
Bad publicity from massive layoffs is an example of exit barriers, which are costs that prevent companies from leaving an industry, including economic, regulatory, and reputational factors.
Explanation:
Bad publicity associated with massive layoffs is an example of exit barriers. Exit barriers are often economic or emotional costs that prevent companies from leaving an industry and can include specialized equipment that cannot be repurposed, long-term contracts, regulatory restrictions, or the emotional ties of the management to the sector. When firms face intense competition and market challenges, such as deregulation leading to market entries and exits, they may need to lay off workers to remain viable or when they go bankrupt. This can result in bad publicity, which is yet another barrier making it hard for companies to exit smoothly from the market as it affects brand reputation and stakeholder trust.
In what became known as the "Pentagon Papers Case," the Nixon Administration attempted to prevent the ____________________ from publishing materials belonging to a classified Defense Department study regarding the history of United States activities in Vietnam. The President argued that prior restraint was necessary to protect national security.
Answer:
New York times v US
Explanation:
The president Nixon had tried to use his power as president to stop the New York Times from publishing the classified information belonging to the Defense Department study regarding the history of United States activities in Vietnam in its possession. The supreme Court defended the First Amendment right of free press against the restraint the newspapers were facing by the government. The court found this unconstitutional and ruled in favor of the newspapers to publish the materials.
Alpha First Company just began business and made the following four inventory purchases in June:
June 1 150 units $ 1,040
June 10 200 units 1,560
June 15 200 units 1,680
June 28 150 units 1,320
$ 5,600
A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is
Using the LIFO inventory method, Alpha First Company's ending inventory value on June 30 is $1,824. This is calculated by attributing the last purchased items (150 units from June 28 and 60 units from June 15) to the 210 units on hand.
Explanation:The Alpha First Company wants to know the value of their ending inventory on June 30 using the LIFO inventory method. LIFO stands for Last-In, First-Out, which means that the most recently acquired items are recorded as sold first. Here's how it works in this case:
Out of the 210 units on hand, 150 units come from the June 28 inventory which cost $1,320. The remaining 60 units come from the June 15 inventory. The cost per unit of this inventory is calculated by dividing the total cost by the total number of units (i.e., $1,680/200), which comes to $8.40 per unit. Therefore, the cost of the 60 units is 60 * $8.40 = $504.
So, the value of the ending inventory on June 30 is the sum of these two amounts, which is $1,320 + $504 = $1,824.
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You will give the keynote address at the annual meeting of the American Manufacturing Association. You realize most of the attendees think marketing is just advertising. So, you decide to start your keynote address by defining what marketing is in order to set the proper context for your speech. You define marketing as:
Answer:
Explained Below.
Explanation:
Marketing is just not the process of advertising but it is the process to create or originate goods and products, then to distribute the product widely as much as possible, and also pricing goods, and giving services to the consumer who is particularly using that product, and new ideas which facilitate and satisfies exchange connection with the consumer of the product.
________ is the process of getting to know one's contacts in a host country and building mutual trust before embarking on business discussions and transactions. Grupo de opciones de respuesta Exchange of task-related information Persuasion Conflict management Relationship building
Answer:
The correct answer is letter "D": Relationship building.
Explanation:
When a firm starts operations internationally it is important to build relationships with the representatives of the entity with whom businesses will be handled. As the organizations have not worked together in the past, the rely on a fiduciary relationship which is based on trust both parties deposit in each other believing they will act accordingly. Creating strong bonds is likely to increase the efficiency of the operations handled by the participants.