The budgeted finished goods inventory and cost of goods sold for a manufacturing company for the year 2012 are as follows: january 1 finished goods, $765,000; december 31 finished goods, $640,000; cost of goods sold for the year, $2,560,000. the budgeted costs of goods manufactured for the year is?
Answer:
Cost of Goods Manufactured is $2,435,000
Explanation:
To compute the costs of goods manufactured,
STEP 1, Compute the total goods available for sale. In order to get the total goods available for sale, we will add the costs of goods sold and the finished goods end (December 31)
Cost of goods sold $2,560,000
Add: Finished goods (December 31) $640,000
Total goods available for sale $3,200,000
Finally, Compute the costs of goods manufactured for the year. To get the costs of goods manufactured, we simply deduct the finished goods beginning (January 1) from the total goods available for sale we computed above.
Total goods available for sale $3,200,000
Less: Finished goods beginning (January 1) 765,000
COST OF GOODS MANUFACTURE $2,435,000
If you are marketing to high tech customers, which criteria are most important to them in order of importance?
When you're approaching the scene of a collision on the side of the road, you should: A. Only glance at it long enough to avoid it B. Slow down while analyzing what happened C. Stop your car and volunteer to provide assistance
In a pert chart, the _______ path is the most time-consuming set of tasks in a project.
In a PERT chart, the critical path is the sequence of tasks that takes the longest to complete, determining the project's duration. It's crucial for project managers to monitor the critical path to avoid delays in the project schedule. PERT charts are ideal for large, complex projects, and are often used alongside Gantt charts.
In a PERT chart, the critical path is the most time-consuming set of tasks in a project. The critical path outlines the sequence of events or tasks that, if delayed, would result in a delay to the overall project completion. This path represents the longest duration through the network diagram and requires careful monitoring by the project manager to ensure the project stays on schedule.
Unlike Gantt charts, which are more suitable for smaller and linear projects, PERT charts are used for very large projects where timely completion is crucial. PERT charts focus on the sequencing of events rather than on specific start and completion dates, which is a key distinction from Gantt charts. Project managers often use both PERT and Gantt charts together to leverage the advantages of both methods in managing complex project schedules.
Which of the following common kitchen items is a handy alternative to a melon baller? A. An ice cream scoop B. A knife C. A cutting board D. A zester
In addition to facebook research, carmex uses retailer checkout scanner data to determine which formulations of carmex are most popular. this type of primary data gathered through the front-end checkout data is classified as ________ data.
The type of data collected by Carmex using retailer checkout scanner data is classified as primary data and can further be classified as quantitative data since it is in numerical form that can be analysed using statistics.
Explanation:In the case of Carmex using retailer checkout scanner data, this method of gathering data is classified as primary data. Primary data refers to data that is collected directly from firsthand experience. In the given scenario, Carmex is recording and analyzing data directly from customer purchases, which is a prime example of primary data collection.
The data obtained through front-end checkout systems is also a type of quantitative data. Quantitative data is data collected in numerical form that can be counted and as such, allows for analysis using statistics.
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A senior center would like to add a new computer to their library so that members can check their email and read book reviews online; which computer will best suit their needs? a media production computer a laptop
Answer:
D. a budget computer
Explanation:
The ability to manage ____ may be the most important skill a strategic leader must have.
a. financial resources
b. human capital
c. investment strategies
d. responses to competitors" actions
Which type of unemployment do economists primarily focus on curing? cyclical frictional structural pervasive?
Walmart is thinking about offering a 25% discount on a brand of shoes. If the elasticity of demand is two, then the discount would increase sales by
Final answer:
When Walmart offers a 25% discount on a pair of shoes with an elasticity of demand of two, the sales are expected to increase by 50%, calculated by multiplying the elasticity value by the negative percentage change in price.
Explanation:
The elasticity of demand is a measure of how much the quantity demanded of a product responds to a change in price. In the situation where Walmart is considering offering a 25% discount on a brand of shoes, and the elasticity of demand is given as two, we can calculate the expected increase in sales.
To find the expected percentage change in the quantity demanded, we use the formula:
Percentage change in quantity demanded = Elasticity of demand × Percentage change in price
Here, the percentage change in price is negative because of the discount, so it is -25%. Multiplied by the elasticity of demand, which is 2, this gives us:
Percentage change in quantity demanded = 2 × (-25%) = -50%
However, because we are dealing with an elastic demand, a negative percentage change in price represents an increase in sales. Therefore, the sales would actually increase by 50% as a result of the discount.
_____ is a very short range wireless connectivity technology that enables consumers to swipe their credit cards or even cell phones within a few inches of a special point of sale terminal to pay for purchases.
a. ultra wideband
b. wi-fi
c. bluetooth
d. near field communications
What is the most frequent cause of stolen credit cards and card information today?
a. lost cards
b. the hacking and looting of corporate servers storing credit card information
c. sniffing programs
d. phishing attacks?
The most frequent cause of stolen credit cards and card information is through data breaches, where hackers gain unauthorized access to corporate servers storing credit card information, although phishing, sniffing programs, and lost cards also contribute to this issue.
Explanation:The most frequent cause of stolen credit cards and card information today is b. the hacking and looting of corporate servers storing credit card information. This is commonly referred to as a data breach. In a data breach, hackers intrude into a company's database and steal sensitive information such as credit card information of customers. The stolen credit card info is often sold in the black market and used for fraudulent activities. Examples of high-profile data breaches include the Target breach in 2013 and the Equifax breach in 2017 where millions of customers' data were compromised.
However, other methods such as phishing, sniffing programs, and lost or stolen cards contribute to stolen credit card information but are less frequent compared to data breaches.
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Jose is looking at a document that outlines the specific deliverables and sub-deliverables required to complete the writing of a technical support manual. he is most likely viewing the responsibility matrix. work breakdown structure. work package. priority matrix. organization breakdown structure.
Sample accessibility is generally maximized by the use of what type of survey?
what do economists mean when they use the term "actual demand"?
The correct option is A). When economists use the term "actual demand," they mean: The total quantity of a good or service that consumers are willing and able to buy at a given price during a specific time period.
When economists use the term "actual demand," they mean:
A) The total quantity of a good or service that consumers are willing and able to buy at a given price during a specific time period.
"Actual demand" refers to the real demand for a product or service in the market, which is measured by the quantity that consumers are both willing and able to purchase at a particular price point within a certain time frame. This concept is crucial for understanding market dynamics because it reflects the interaction of consumers' preferences and purchasing power, influenced by factors such as income, prices, tastes, and expectations.Willing and Able to Buy:
Actual demand takes into account consumers' desire for a product and their financial ability to buy it.Given Price:
The term specifies a price point at which the demand is measured.Specific Time Period:
It is time-bound, reflecting demand over a particular period.Why the Other Options Are Incorrect:
B) The quantity of a good or service that consumers desire to purchase regardless of price:
This describes a concept more aligned with "desire" or "latent demand," not actual demand. Actual demand always considers the price at which the good or service is offered.C) The total quantity of goods or services produced by firms in response to changes in consumer preferences:
This is related to supply, not demand. It reflects the production side in response to market signals rather than the consumer side.D) The quantity of a good or service that would be bought if the market were perfectly competitive:
This concept pertains to an idealized market scenario and theoretical demand under perfect competition, not the real, observed demand in actual market conditions.The complete question is:
What do economists mean when they use the term "actual demand"?
A) The total quantity of a good or service that consumers are willing and able to buy at a given price during a specific time period.
B) The quantity of a good or service that consumers desire to purchase regardless of price.
C) The total quantity of goods or services produced by firms in response to changes in consumer preferences.
D) The quantity of a good or service that would be bought if the market were perfectly competitive.
Describe how the law of supply and demand works. use at least one example in your answer.
The law of supply and demand shows how the prices and quantities of goods and services in a country are decided.
What is the law of supply and demand?It posits that when prices are high, suppliers will supply more goods and services to an economy in order to make more money.
When prices are high however, people will demand less goods and services because they can't afford as much.
Together the law says that when the supply of goods in the economy is low compared to demand, prices will rise which will then lead to less people buying, and more supply.
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Approximately how much of the world's output does china produce? rev: 08_27_2015_qc_cs-22627
13% of the world's output.
Dusty is evaluating two bids to supply fence hardware for the 5 acres of pasture that need to be fenced. breezy submits a bid of $40 per unit with a defect rate of 3%, and lady's bid is $50 per unit with a defect rate of 0.5%. if a section of fence fails, it costs an average of $500 in losses and herding costs to round up all of the capybaras. dusty believes it will take 500 units to fence in this pasture configuration; which supplier should win the business?
Which of the following is a depository financial institution?
A depository financial institution is a bank that accepts deposits from customers and makes loans using these deposits. Examples include commercial banks, credit unions, and savings banks.
Explanation:A depository financial institution is a type of bank that accepts deposits from customers and uses these deposits to loan to others. Examples of depository institutions include commercial banks, credit unions, and savings banks. They play a vital role in the economy by facilitating the flow of cash and credit in the economy, and helping people to save and invest their money.
They are called 'depository' because they 'deposit' or hold money for their customers. By accepting these deposits, they have a secure source of funds that they can then use to make loans to other customers. This is the essential way that depository financial institutions operate.
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How long would it take for the price level to double if inflation persisted at (a) 2 percent per year, (b) 5 percent per year, and (c) 10 percent per year?
what is one way to begin saving startup capital?
Answer:
Set aside a portion of your income.
Explanation:
Nowadays, many people are interesting in creating startups. This brings several benefits, such as increased income and control over your own time. However, in order to do so, it is important to save enough money to begin this project. One way in which startup capital can be saved is by setting aside a portion of your income each month. This will allow you, over time, to afford the necessities of a startup, such as supplies, marketing and legal services.
Traditionally, if sam, who is 17 years old, purchases a television from a store, signs a 11-month contract, and then drops it on the way home, sam could return the television and be entitled to the return of his down payment.
A(n) __________ uses a standardized product and marketing strategy worldwide.
The data dictionary serves as an important data management tool by
Brandon wants to purchase new furniture for his home but does not want his purchases to put him into debt. brandon loves being social and has a talent for bartending, so he decides to take a second job bartending at night. he plans to save the money he receives from tips to purchase his new furniture. brandon is dollar cost averaging. augmenting his income. creating an investment account. downshifting.
Constructive discharge exists when an: employee sees no alternative but to quit her or his position; that is, the act of leaving was not truly voluntary. employer terminates a group of employees together for a legitimate, non-discriminatory reason. employee is fired for engaging in constitutionally protected activities. employer terminates an employee after providing 90 days' advance notice.
Under a partial release clause, a lender:
a. accelerates the loan if the security property is sold
b. declares the entire loan balance due in the event of default
c. imposes a penalty when part of the principal is repaid before it is due
d. removes the lien from part of the property when part of the debt has been paid
How are manufacturing costs treated in process costing?
In a bottom-up estimate, the size of the individual work items is one of the factors that drives the accuracy of the estimates.
a. True
b. False
In most sales, sellers warrant that they have good and valid title to the goods sold.
a. True
b. False