Answer:
Disintermediation
Explanation:
Disintermediation is the process when an organization or seller reach to its customers directly and surpass and remove the channel members. For example, if you are making furniture, you can place your furniture at the furniture selling retailers to sell your products. You can have another option which is to remove this retailer (intermediary) and start selling to the customers directly, this process is termed as disintermediation. You can do it either by making an online store or you can advertise your products in some newspapers or magazines. You can also get help from digital marketing as well.
On November 1, 2016, Ivanhoe Company places a new asset into service. The cost of the asset is $70000 with an estimated 10-year life and $10000 salvage value at the end of its useful life. What is the depreciation expense for 2017 if Ivanhoe Company uses the straight-line method of depreciation
Answer:
$6,000
Explanation:
The computation of the depreciation expense using the straight line method is shown below:
= (Original cost - salvage value) ÷ (estimated useful life)
= ($70,000 - $10,000) ÷ (10 years)
= ($60,000) ÷ (10 years)
= $6,000
Since we have to compute the depreciation for year 2017 so we take the full year depreciation i.e $6,000
You plan to win customers by being recognized as the manufacturer that can deliver exactly what customers want. Your logistics system must be developed to support design changes and unique customer needs. The best transportation mode and warehousing system combination is probably ___________.
Answer:
Highway and postponement
Explanation:
The best transportation mode and warehousing system combination is probably highway and postponement.
As a manufacturer using the highway can help you deliver quality haulage and logistics services to your customers because it's fast, has less check points and toll free sometimes.
A fitness center is planning to invest in a specialized exercise equipment. This equipment is highly effective, but the club members could be injured if the equipment is not used correctly. The fitness center sends its exercise instructors to a certified training program to learn how to use these machines correctly. This is best classified as:
job/technical training.
Answer:
job/technical training
Explanation:
Based on the scenario being described within the question it can be said that this is best classified as job/technical training. This refers to a specifically designed training program that teaches individuals the specific skills needed to perform their daily job tasks that the managers need them to perform, such as learning to operate specific machinery or information systems.
During the Christmas season, people tend to draw money out of their checking accounts to pay for presents. As a result, the money multiplier will: become more volatile. not change. decrease. increase.
Answer: decrease
Explanation:
The money multiplier is the amount of money generated by banks with each dollar of reserves. The reserves is the amount of deposits which the Federal Reserve wants banks not to lend but rather hold. The money multiplier is therefore the ratio of deposits to the reserves in the banking system.
The money multiplier shows the ratio of the increase or decrease in money supply in relation to the increase or decrease in deposits. During the Christmas period, people draw lots of money out of their accounts to buy presents and other things. This will lead to a decrease in the money multiplier.
Frank runs a scuba-diving business that offers lessons and sells scuba-diving equipment. Frank wants to engage with users who are researching scuba-diving lessons. Which marketing objective should Frank choose when creating his Display campaign?
Answer:
influence consideration
Explanation:
Influence consideration is a marketing objective that is targeted toward a group of potential customers who already aware of your product, but still not sure whether your product is better than your competitor's. So they're pretty much weighing their options.
In the example above, The target is the users who are researching scuba-diving lessons. The interest for the product is already exist. In order to attract the attention toward his business, Frank need to create a campaign that offer more value compared to the competitors. (probably can be done by giving a couple of preview about what the lesson would look like or offering money back guarantee)
Jamie received a bonus of $3,000. She decided to deposit the money in a savings account that earns 3.5% compounded daily for 180 days. Find the compound amount after 180 days
The compound amount recieved by Jamie after 180 days is $1,466,844.98
Explanation:
We know that money in any sort of banking account earns interests in a compounding manner.
Amount at the end of time “x” is given by A= P(1+R/100) ˣ
Where A= amount after the said time period
P= Principal
R= Rate
x= time period
One must note that “x” and “R” must be in same time-frame i.e. if the rate is compounded daily, time period must be considered daily and so on.
Substituting the values of P as $ 3000, R as 3.5%, and x as 180
Amount after 180 days= 3000 (1+3.5/100) ¹⁸⁰
Amount= $1,466,844.98
Thus, the amount is $1,466,844.98
When using the continuum leadership model, before selecting one of the seven leadership styles, the leader must consider all of the following variables EXCEPT: the boss. the subordinates. the situation/time. the task structure.
"The correct answer is: the boss. The continuum leadership model, also known as the situational leadership model, suggests that leaders should adapt their style to fit the development level of their followers and the specific task at hand.
The variables that a leader must consider before selecting one of the seven leadership styles include:
1. The subordinates: Their competence, commitment, and motivation are crucial factors in determining the appropriate leadership style.
2. The situation/time: The context in which the task is being performed, including time constraints and environmental factors, can influence the leadership approach.
3. The task structure: The clarity and complexity of the task can dictate the level of direction and support required from the leader.
The variable that is not typically considered in this model is the boss. While the boss or superior may influence a leader's behavior, the continuum leadership model primarily focuses on the leader's interaction with subordinates, the nature of the task, and the situational context. The leader's own development, preferences, and the influence of their superiors are not explicitly part of the model's core variables for selecting a leadership style."
To prevent banks from using excess reserves to make loans that would increase the money supply, the Federal Reserve could conduct open-market ______ and _____ the interest rate paid on bank reserves. a) sales; lower b) purchases; raise c) sales; raise d) purchases; lower
Answer:
The answer is C) Sales & Raise
Explanation:
Answer:
C) Sales; raise
Explanation:
To prevent banks from using excess reserves to make loans that would increase the money supply, the Federal Reserve could conduct open-market SALES and RAISE the interest rate paid on bank reserves.
Open market operations can be used to control money supply.
Government securities are bought and sold in the open market to either increase or decrease money supply.
If the government wants to reduce money supply, it sells government bonds to the public. Money is collected in return for sale of security thereby reducing money supply.
In contrast, if government wants to increase money supply, it buys securities and more money is available in the economy.
The government can also influence the money supply by modifying reserve requirements.
Reserve requirement is the amount of funds banks must hold against deposits in bank accounts.
If reserve requirement is low, banks can loan out more money thereby increasing money supply.
In contrast, If reserve requirement is high, banks have less fund to loan out thereby decreasing money supply.
Harold asks his prospects several questions to understand the reasons for their hesitation in buying his product. He tries to identify all the issues and tries to solve them immediately. From this scenario, it is evident that he uses the _____ method of obtaining commitment.
Answer:
fhuafuhfuhsuihfuishfdvbcgufjvhfigirhhjfhhhfhh
Explanation:
In 2009 the federal excise tax on cigarettes was raised. In response, the CDC noted that "... because low-income groups are more responsive to price increases, increasing the real price of cigarettes can reduce cigarette consumption among low-income smokers by a greater percentage than among higher-income smokers, and thereby diminish socioeconomic smoking disparities."This quote by the CDC implies what economic outcome?
Answer:
The increase in excise tax will work as a negative incentive for lower income groups who smoke, thus lowering the rate of smokers in this group.
Explanation:
Price raising of cigarettes is been considered to be for the lessen the usage of cigarettes and is been considered to be most effective step taken for this method.
The resulting increase in price may cut down the number of people using them at a very high rate. Case study gave the survey reports as 5 to 6% downfall of the rates of using cigarettes.
It is also seen that smoking is generally done by the most low income, working- class and the low education people.
The study shows that imposition of taxes had lead to a decrement of cigarettes using people. The increase in the excise taxes will work as a incentive of negative in nature for those of the groups belonging to lower income and hence lowering the rate of people using it in this group.
An accounting firm is capable of processing 20 income tax forms per day. The average number of forms in various stages of processing at any one time in the firm is 64. What is the average processing time per income tax form?
Answer:
The average processing time per income tax form is more than 3 but less than or equal to 4 days.
Explanation:
The average processing time per income tax form is an average number of days it takes to process an income tax form.
WIP = R x T
Where: WIP = Work in progress; R = Rate; and T = Time
WIP = R X T or 64
WIP = 20T = 64
T = 64 / 20 = 3.2 days
Therefore, the average processing time per income tax form is more than 3 but less than or equal to 4 days.
what is the business definition of guilt.
Answer:
when a business man or woman regrets the decision they have made that could have impacted their business
An investor has purchased stock in a firm. The investor believes that, at the end of the year, there is 0.20 probability that the stock will show a $3000 profit, a 0.10 probability that the stock will show a $6000 profit, and a 0.70 probability that the stock will show a $2000 loss. What is the expected profit in the stock?
Answer:
loss of $200
Explanation:
As given, there are three cases can happen:
1) 0.20 probability that the stock will show a $3000 profit
=> 0.20 probability that profit = $3,000
2) 0.10 probability that the stock will show a $6000 profit
=> 0.10 probability that profit = $6,000
3) 0.70 probability that the stock will show a $2000 loss
=> 0.70 probability that profit = - $2,000
The expected profit in the stock at the end of the year can be calculated as following:
Expected profit = Probability case 1 x Profit case 1 + Probability case 2 x Profit case 2 + Probability case 3 x Profit case 3
=0.2 x 3,000 + 0.1 x 6,000 + 0.7 x (-2,000)
=. 600 + 600 -1,400 = -200
So that, the expected profit in the stock is the loss of $200
A greenfield venture may be too slow to establish a sizable presence when multiple choice organizationally embedded competencies are involved. there are no well-established incumbent enterprises in the market. skills, routines, and cultures need to be transferred. a quick execution of market entry is not a priority. global competitors are interested in establishing a presence.
Answer:
Global competitors are interested in establishing a presence.
Explanation:
A greenfield venture may be too slow to establish a sizable presence when global competitors are interested in establishing a presence.
As a global brand they would have gained more market experience and penetration, thus making greenfield a weaker competitor.
A favorable direct labor efficiency variance might indicate that
Answer:
The materials and factors of production were available and in good quality which resulted in workers taking less time to complete a task. this also means that workers were more skilled an took less time.
Explanation:
A favorable direct labor efficiency variance might indicate that, the materials and other factors of production were available and in good quality which resulted in workers taking less time to complete a task. this also means that workers were more skilled an took less time.
Answer:
Highly skilled workers were used that performed the task faster than expected.
Explanation:
When highly skilled workers are used to perform certain task coupled with the provision of the necessary raw materials need per time, there will definitely be a great output from such input compared to using of unskilled workers. This will be clearly seen in the time taken, precision and quality of the output from such task.
The daily herald runs an article on a restaurant opening, this is an example of
The Daily Herald running an article on a new restaurant is an example of local news coverage, which falls under the broader field of community journalism. In the digital age, newspapers have extended their services to social media platforms for better reach.
Explanation:The Daily Herald running an article on a restaurant opening is an example of local news coverage. Newspapers have long been a trusted source of information for communities, providing timely and relevant content about local events and happenings. This includes restaurant openings, local politics, school events, and more.
In the traditional newspaper business model, articles on new local restaurants are a standard feature because they are of immediate interest to the community. The readers want to know about the nature of the restaurant, its offerings, location, opening hours, etc. This type of news falls under community journalism, which primarily focuses on the news and information needs of the communities they serve.
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David, the promoter of an outdoor concert, expects a net profit of $100,000, unless it rains, which would reduce the net profit to $40 comma 000. The probability of rain is 0.20. For a premium of $25 comma 000 David can purchase insurance coverage that would pay him $100,000 in case of rain. Based on expected values, which is David's wiser choice in this situation?
Answer:
Not purchase insurance
Explanation:
The probability of rain is 0.20
=> The probability of the not rain situation is: 1 - 0.2 = 0.8
If David does not buy the insurance, the expected net profit he would receive can be calculated as following:
Expected net profit = Probability of rain x Net profit when its rains + Probability of not rain x Net profit when it does not rain
= 0.20 x 40,000 + 0.8 x 100,000 = $88,000
If David buy the insurance:
+) When it does not rain: He will receive net profit of $100,000
+) When it rains: He will receive $40,000 as profit and $100,000 as insurance coverage
So that:
Expected net profit = Probability of rain x Net profit when its rains + Probability of not rain x Net profit when it does not rain - Insurance fee
= 0.2 x (40,000 + 100,000) + 0.8 x 100,000 - 25,000 = $83,000
As we can see, the expected net profit David receives when buying insurance is less than when he does not buy, so that he should not buy the insurance.
Final answer:
David's wiser choice, based on the expected values, would be not to purchase the insurance as his expected profit without insurance is $88,000, which is higher than the expected profit of $83,000 with insurance.
Explanation:
The question poses a scenario involving expected value calculation to determine the best financial decision for an outdoor concert promoter named David. We are to evaluate whether purchasing insurance for an outdoor concert, given a certain probability of rain, is a wise choice based on expected values.
If David does not purchase insurance, his expected profit would be:
(0.80)($100,000) + (0.20)($40,000) = $80,000 + $8,000 = $88,000.
If David does purchase the insurance for $25,000, his expected profit would be:
(0.80)($100,000 - $25,000) + (0.20)($140,000 - $25,000) = $60,000 + $23,000 = $83,000.
By comparing the two expected values, the higher expected profit is without purchasing the insurance, which is $88,000 versus $83,000 with insurance.
13. In an efficient market the correlation coefficient between stock returns for two non-overlapping time periods should be a. positive and large. b. positive and small. c. zero. d. negative and small. e. negative and large.
Answer:Option C
Explanation:
According to the Efficient market Hypothesis (EMH) the prices of the product reflect the information. Based on this data the investors plan to invest in the passive investment strategy.
In the efficient market the security prices have quick effects to the new data. The stock share price has random walk in efficient period .The correlation coefficients has to be Zero, or else the returns from one period is used to predict returns of future periods and make abnormal profits.
Bob, a salesperson at a Carpets Galore store, tells Dita, a customer, "Buy your carpet here, and I'll install it for half of what the store would charge." Dita buys the carpet, which Bob installs for half the store's price. Bob keeps the money. Bob has breached
Answer:
Duty of Loyalty
Explanation:
The duty of loyalty, described as a duty, is the duty of a person to act in the best interests of their company, which is not to waste when the individual sees corporate opportunities for their personal benefit, avoid personal interest in transactions between the company and other parties, and keep company information private. . The duty of loyalty that can be seen when Bata engages himself in an interested transaction for the sale of the carpet.Jane, a stock analyst, is giving a sales presentation to a group of clients. She talks about the various investment options available. She gives each of them a few sheets of paper that contain all the important points covered in the sales presentation because it would help them remember what was discussed during the sales presentation. In this case, the bunch of papers is most likely known as a(n):
Answer:
handout
Explanation:
Jane, a stock analyst, is giving a sales presentation to a group of clients. She talks about the various investment options available. She gives each of them a few sheets of paper that contain all the important points covered in the sales presentation because it would help them remember what was discussed during the sales presentation. In this case, the bunch of papers is most likely known as an HANDOUT
Answer:
Handout
Explanation:
A handout is a tool or an aid given to an audience during a presentation or meeting or any form of formal business gathering containing useful information on what the presenter is speaking about. It accompanies the lecture providing extra/additional information. In this case, the few pieces of paper which was shared by Jane who was the presenter that contained important points covered in the sales presentation is called a Handout.
Mattel views the toy market as composed of four age groupings, each with different needs and desires. Each of these groups are known as an undifferentiated market. heterogeneous. a market segment. a marketing mix. a concentrated market.
Answer:
the answer is a market segment
Explanation:
a market segment is a sector in the market that has potential customers and consumers that have similar characteristics and similar tastes along with more or less similar purchasing power.
because of this, the consumers in a market segment will react in a similar way (most of the time) to a given marketing campaign.
The following are all typical reasons to Buy or Outsource EXCEPT: A. For a cost advantage B. To gain access to state-of-the-art technology C. To protect intellectual property D. To maintain strategic flexibility E. If low volumes increase costs
Answer:
E. If low volumes increase costs
Explanation:
Outsourcing which also implies subcontract is a practice that involves having certain job functions done outside a company instead of being handled by an in-house department or employee. It is a business practice in which in-house services or job functions are given in form of contract to third party company. Some outsourcing activities include: human resource management, accounting, customer support and service, marketing etc.
Outsourcing could be considered by a company due to various reasons, but not because low volumes increase costs. This would not be a benefit to the company.
The typical reasons to Buy or Outsource are discussed, and the correct option that does not fit is identified.
Explanation:The subject of this question is Business and the grade level is College. The question is asking for typical reasons to Buy or Outsource, except for one option. Let's go through each option to determine which one is not a typical reason to Buy or Outsource.
A. For a cost advantage: This is a common reason to Buy or Outsource, as it can help reduce expenses. B. To gain access to state-of-the-art technology: This is another common reason, as it allows companies to benefit from advanced tools and equipment. C. To protect intellectual property: Protecting intellectual property is an important consideration when outsourcing, so this option is also a typical reason. D. To maintain strategic flexibility: This is the correct answer. Maintaining strategic flexibility is not typically a reason to Buy or Outsource. E. If low volumes increase costs: This is also a possible reason, as outsourcing can help reduce costs associated with low volumes.
So, the correct answer is
D. To maintain strategic flexibility.
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At the end of 2021, Havana contributed $696 thousand to the pension fund and benefit payments of $624 thousand were made to retirees. The expected rate of return on plan assets was 10%, and the actuary's discount rate is 8%. There were no changes in actuarial estimates and assumptions regarding the PBO.
What is Havana's 2016 actual return on plan assets?
Answer:
Havana's 2016 actual return on plan asset is $504 thousand.
Explanation:
Havana's 2016 actual return on plan asset is $504 thousand.
Let actual return be x.
Ending balance of plan assets = Beginning balance of plan asset + Actual return + Cash Contributions - Retiree benefits
$6,336 = $5,760 + x + $696 - $624
x = $6,336 - $5,760 - $696 + $624
x= $504 (answer).
Final answer:
The actual return on plan assets cannot be calculated with the given information.
Explanation:
The actual return on plan assets is calculated by subtracting the beginning fair value of plan assets from the ending fair value of plan assets and adding any contributions made to the plan during the year. In this case, we have a contribution of $696 thousand to the plan. We also know that the expected rate of return on plan assets is 10%. However, we don't have information about the beginning and ending fair value of plan assets.
Therefore, we cannot calculate the actual return on plan assets with the given information.
Help me please................................
Answer:
The operation performance of a business cannot be evaluated through only the revenue it generates as it does not the money that the businessman earns. To simplify it, when starting business, the founder has to invest on the business an amount of money, which is the expense for business establishment and operation. After operating, the business generates the revenue. However, the true earning is only equal to the profit (profit = expense - revenue).
So in the situation of the business owner given, the reason he cannot keep the doors open is because the expense on operating business of him is greater than the revenue ($2000), which makes the profit less 0. So that he cannot actually earn more money but just lose if he continues investing more.
Blue Ridge Bicycles uses a standard part in the manufacture of several of its bikes. The cost of producing 43,000 parts is $140,000, which includes fixed costs of $68,000 and variable costs of $72,000. The company can buy the part from an outside supplier for $3.80 per unit, and avoid 30% of the fixed costs. If Blue Ridge Bicycles makes the part, how much will its operating income be?
Answer:
$71,000
Explanation:
The computation of operating income is shown below:-
Total costs if company bought = Cost of production × Outside supplier per unit) + (Fixed cost × Remaining percentage)
= (43,000 × $3.80) + ($68,000 × (100% - 30%))
= (43,000 × $3.80) + ($68,000 × 70%)
= $163,400 + $47,600
= $211,000
Loss in Income if part is bought = Total costs if company bought - Total costs originally
= $211,000 - $140,000
= $71,000
Therefore, Making profit will be more by $71,000 and for computing the Loss in Income if part is bought we simply applied the above formula.
Blue Ridge Bicycles' operating income, if it makes the part instead of buying it, will be [tex]\( {\$23,200} \)[/tex].
To determine whether Blue Ridge Bicycles should make or buy the part, let's calculate the operating income for each scenario.
Given data for making the part:
- Total production cost for 43,000 parts: $140,000
- Fixed costs: $68,000
- Variable costs: $72,000
Step 1: Calculate the variable cost per part:
[tex]\[ \text{Variable cost per part} = \frac{\text{Variable costs}}{\text{Number of parts}} = \frac{72,000}{43,000} = $1.6744 \][/tex]
Step 2: Calculate the total cost per part:
[tex]\[ \text{Total cost per part} = \frac{\text{Total production cost}}{\text{Number of parts}} = \frac{140,000}{43,000} = $3.2558 \][/tex]
Step 3: Calculate the total cost if Blue Ridge Bicycles makes the part:
[tex]\[ \text{Total cost (making)} = \text{Fixed costs} + \text{Variable costs} = 68,000 + 72,000 = $140,000 \][/tex]
Given data for buying the part:
- Cost to buy from outside supplier: $3.80 per unit
- Avoid 30% of fixed costs if buying
Step 4: Calculate the avoided fixed costs if buying:
[tex]\[ \text{Avoided fixed costs} = 30\% \times 68,000 = $20,400 \][/tex]
Step 5: Calculate the total cost if Blue Ridge Bicycles buys the part:
[tex]\[ \text{Total cost (buying)} = \text{Cost to buy} \times \text{Number of parts} + \text{Avoided fixed costs} \][/tex]
[tex]\[ \text{Total cost (buying)} = 3.80 \times 43,000 + 20,400 = $163,200 \][/tex]
Comparison and Decision:
Total cost if Blue Ridge Bicycles makes the part: $140,000
Total cost if Blue Ridge Bicycles buys the part:$163,200
Since making the part results in a lower total cost compared to buying the part ($140,000 < $163,200), Blue Ridge Bicycles should choose to make the part.
Operating Income Calculation:
To find the operating income when Blue Ridge Bicycles makes the part:
[tex]\[ \text{Operating Income (making)} = \text{Sales} - \text{Total Cost (making)} \][/tex]
Assuming sales revenue is not provided in the problem, we can calculate the difference in costs:
[tex]\[ \text{Operating Income (making)} = \text{Total Cost (buying)} - \text{Total Cost (making)} \][/tex]
[tex]\[ \text{Operating Income (making)} = $163,200 - $140,000 \][/tex]
[tex]\[ \text{Operating Income (making)} = $23,200 \][/tex]
Every item in the Just a Dollar store is priced $ 1.00 . When Jack opens the store, there is $ 100.00 in the cash register. When he counts the money in the cash register at the end of the day, the total is $ 667.10 . If the sales tax rate is 7 % , how many items were sold that day?
Answer:
530
Explanation:
Total sales $667.1
Opening Balance ($100)
Sales during the day including sales tax $567.1
Taking out impact of sales tax=$567.1/1.07=$530/1=530 units were sold out during the day
Answer:
Explanation:
The price of the item = $ 1.00
total revenue of the day = $ 667.10 - $ 100 ( where $ 100 is the initial amount present from the beginning) = $ 567.1
sales tax = 7 % = 0.07
let number of items sold = n, total amount sold that day = $ 1 n
total tax = 0.07 n
$ 567.1 = n + 0.07 n
n = $ 567.1 / (1.07) = 530 items
Tori Amos Corporation began operations on December 1, 2013. The only inventory transaction in 2013 was the purchase of inventory on December 10, 2013, at a cost of $20 per unit. None of this inventory was sold in 2013. Relevant information is as follows.
Ending inventory units
December 31, 2013 100
December 31, 2014, by purchase date
December 2, 2014 100
July 20, 2014 50 150
During the year 2014, the following purchases and sales were made.
Purchases
Sales
March 15 300 units at $24 April 10 200
July 20 300 units at 25 August 20 300
September 4 200 units at 28 November 18 150
December 2 100 units at 30 December 12 200
The company uses the periodic inventory method.
Tori Amos Corporation began operations on December
Tori Amos Corporation began operations on December
Calculate average-cost per unit. (Round answer to 2 decimal places, e.e. 2.76.)
Average-cost
$Entry field with incorrect answer now contains modified data
Tori Amos Corporation began operations on December
Tori Amos Corporation began operations on December
Determine ending inventory under (1) specific identification, (2) FIFO, (3) LIFO, and (4) average-cost. (Round answer to 0 decimal places, e.g. 2,760.)
Specific Identification
FIFO
LIFO
Average-Cost
Ending Inventory
$Entry field with incorrect answer
$Entry field with correct answer
$Entry field with incorrect answer now contains modified data
$Entry field with incorrect answer now contains modified data
Tori Amos Corporation began operations on December
Tori Amos Corporation began operations on December
Calculate price index. (Round answer to 4 decimal places, e.g. 2.7600.)
Price Index
Entry field with incorrect answer now contains modified data
Tori Amos Corporation began operations on December
Tori Amos Corporation began operations on December
Determine ending inventory using dollar-value LIFO. Assume that the December 2, 2014, purchase cost is the current cost of inventory. (Hint: The beginning inventory is the base-layer priced at $20 per unit.) (Round answer to 0 decimal places, e.g. 2,760.)
Ending inventory at dollar-value LIFO
$Entry field with incorrect answer now contains modified data
Answer:
Average cost = $25.30
Ending inventory valuation
A. Specific identification = $4,400
B. FIFO = $4,400
C. LIFO = $3,200
D. Weighted Average = $4,081.50
Price index
Price 1 = $20
Price 2 = $24
Price index = (24 - 20)/ 20 x 100% = 20%
Price 3 = $25
Price index = (25 - 24)/ 24 x 100% = 4.2%
Price 4 = $28
Price index = (28 - 25)/ 28 x 100% = 10.7%
Price 5 = $30
Price index = (30 - 28)/ 30 x 100% = 6.7%
However if the price index is between 2013 and 2014
Price 1 = $20
Price 5 = $30
Price index = (30 - 20)/ 20 x 100% = 50%
D. Based on LIFO and a stock valuation of $30 per unit of stock as at Dec 2.
The ending inventory will be $4,500
Explanation:
Tori Amos
Weighted Average Costs.
First purchase 100 units at $20 = $2,000
2nd purchase = 300 units at $24 = $7,200
3rd purchase = 300 units at $25 = $7,500
4th purchase = 200 units at $28 = $5,600
5th purchase = 100 units at $30 = $3,000
Total purchase = 1,000 units
Total costs = $25,300
Average costs = $25,300 divided by 1,000
= $25.30
Ending inventory Valuation
Based on Specific identification method.
This method identified each item of inventory as a unique stock item and only depletes that stock item when it is sold. In this instance, we haven't been guided on the specifics of each purchase, hence I will apply the FIFO method for this application.
FIFO (First in First Out) is an inventory method that depletes stock usage starting from the oldest stock in hand .
First purchase 100 units at $20 = $2,000
2nd purchase = 300 units at $24 = $7,200
First sale = 200 units
3rd purchase = 300 units at $25 = $7,500
2nd sale = 300 units
4th purchase = 200 units at $28 = $5,600
3rd sale = 150 units
5th purchase = 100 units at $30 = $3,000
4th sale = 200 units
Total purchase = 1,000 units
Total Sales = 850 units
Total balance costs = (50 at $28 + 100 at $30) = $4,400
LIFO (Last in First Out) is an inventory method that depletes stock usage starting from the newest stock in hand .
First purchase 100 units at $20 = $2,000
2nd purchase = 300 units at $24 = $7,200
First sale = 200 units
3rd purchase = 300 units at $25 = $7,500
2nd sale = 300 units
4th purchase = 200 units at $28 = $5,600
3rd sale = 150 units
5th purchase = 100 units at $30 = $3,000
4th sale = 200 units
Total purchase = 1,000 units
Total Sales = 850 units
Total balance costs = (100 at $20 + 50 at $24) = $3,200
WEIGHTED AVERAGE
Is an inventory method that appropriates cost of new additions to older stock balances to arrive at an average cost valuation for all stock in hand .
First purchase 100 units at $20 = $2,000
2nd purchase = 300 units at $24 = $7,200
Average cost = 400 units at $23 = balance cost of $9,200
First sale = 200 units at $23
Balance stock = 200 units at $23 = $4,600
3rd purchase = 300 units at $25 = $7,500
Average cost = 500 units at $24.2 = balance cost of $12,100
2nd sale = 300 units at $24.20
Balance stock = 200 units at $24.20 = $4,840
4th purchase = 200 units at $28 = $5,600
Average cost = 400 units at $26.1 = balance cost of $10,440
3rd sale = 150 units at $26.1
Balance stock = 250 units at $26.1 = $6,525
5th purchase = 100 units at $30 = $3,000
Average costs = 350 units at $27.21 = balance costs of $9,525
4th sale = 200 units at $27.21
Balance units = 150 units at $27.21 = $4,081.50
Price index
Is an approach at measuring change between a base price and a current price expressed in percentage or bases points.
Price 1 = $20
Price 2 = $24
Price index = (24 - 20)/ 20 x 100% = 20%
Price 3 = $25
Price index = (25 - 24)/ 24 x 100% = 4.2%
Price 4 = $28
Price index = (28 - 25)/ 28 x 100% = 10.7%
Price 5 = $30
Price index = (30 - 28)/ 30 x 100% = 6.7%
However if the price index is between 2013 and 2014
Price 1 = $20
Price 5 = $30
Price index = (30 - 20)/ 20 x 100% = 50%
LIFO with variation in prices
If the current cost of inventory is $30 per the question given:
Total balance stock at Dec 2 2014 = 350 units
Total Costs = $30 x 350 = $10,500
4th sales = 200 units
Total balance costs = (150 at $30) = $4,500
To calculate the average-cost, total all costs and divide by total units. Specific identification cannot be determined without more info, while FIFO sells from oldest inventory, and LIFO from newest. Dollar-value LIFO values inventory at the most recent cost.
Explanation:In order to complete the calculation associated with Tori Amos Corporation's inventory practices, we will need to use a series of formulas associated with specific identification, FIFO (First In, First Out), LIFO (Last In, First Out), average-cost, and dollar-value LIFO.
Firstly, for average-cost, we should sum the total cost of all the inventories then divide by the total units, or (300 units*$24 + 300 units*$25 + 200 units*$28 + 100 units*$30 + 100 units*$20) / (300 units + 300 units + 200 units + 100 units + 100 units) for the average cost per unit.
Next, under the specific identification method, it depends on which specific unit was sold, but given the details in the question, we can't determine an exact dollar amount.
For FIFO, we sell from the oldest inventory first, then for LIFO, we sell from the newest.
Finally, dollar-value LIFO involves deflate ending inventory using price index, inflate beginning inventory using the price index, and if ending > beginning, then add to the LIFO layer. The base layer at the beginning will be 100 units * $20.
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If the total for this month's credit purchases is $550 at 24% annual interest, what is the total balance for the month after one month of interest accrues?
Answer:
560
Explanation:
Thats your answer.
Answer:
561
Explanation:
Answer on knowledge matters
True or False: You do not need to pay taxes if you earn income in cash.
It is false that you do not need to pay taxes on cash income. All earned income, including cash payments, is subject to taxation by law, and failure to pay taxes can result in fines or jail time.
Taxes must be paid on all forms of earned income, regardless of whether it is received in cash. The statement that you do not need to pay taxes if you earn income in cash is False. Environments with high income taxes and less stringent tax enforcement may encourage an underground economy where cash transactions occur off the books. However, not reporting income, including cash earnings, and not paying due taxes is illegal and can lead to fines or imprisonment. Additionally, while participating in the underground economy might provide short-term benefits such as avoiding taxes or even collecting unemployment insurance, it undercuts legitimate economic activities and may have long-term financial and legal consequences.
Lee, a salesperson for Macro Corporation, learns that Macro will increase the dividend it pays to shareholders. Lee buys 1,000 shares of Macro stock. When the price increases, Lee sells his shares for a profit. Lee would not be liable for insider trading if the information about the dividend was
Answer:
public before he bought the stock
Explanation:
The dividend is a sum of money paid by a company regularly to its shareholders out of its profits.
Insider trading refers to the illegal practice of trading on the stock exchange on having confidential information regarding the shares.
In this question,
Lee would not be liable for insider trading if the information about the dividend was public before he bought the stock.