Answer:
$191,760
Explanation:
For determining the ending inventory using the conventional retail inventory method we need to do following computations which are given below:
As per cost method
Goods available for sale:
= Beginning inventory + Net Purchase for the year
= $318,504 + $1,363,000
= $1,681,504
Under Retail method
Goods available for sale:
= Beginning inventory + Net Purchases for the year + net markups - net markdown
= $279,000 + $2,117,000 + $76,800 - $32,800
= $2,440,000
Now
Cost to retail ratio is
= $1,792,000 ÷ $279,000 + $2,117,000 + $76,800
= 0.68
And, Estimated ending inventory as per retail
= Goods available for sale at Retail - Net sales
= $2,440,000 - $2,158,000
= $282,000
Therefore, Estimated ending inventory as per cost is
= Estimated ending inventory at retail × Cost to retail ratio
= $282,000 × 0.68
= $191,760
Which of the following is true for a constant growth stock whose market value is equal to its intrinsic value? a. The stock's expected return is less the required return. b. The stock's dividend yield is equal to it's growth rate. c. The stock's expected return exceeds the required return. d. The stock's expected and required return are the same.
Answer:the stocks expected and required return are the same
Explanation:
The true statement regarding when the market value should be equivalent to the intrinsic value is option d.
What is constant growth stock?It is the stock where the dividend and earnings should be presume to grow at the constant or the same rate. In the case when the market value should be equivalent to the intrinsic value so here the expected value of the stock and the required return should be the similar.
So based on this, we can say that the option d is correct.
learn more about stock here: https://brainly.com/question/24601429
Some of the mangos from your neighbor's mango tree drop into your yard. You don't like mangos and the fallen mangos make it harder to mow your lawn. Your neighbor values the tree at $300, and your cost of dealing with it is $500. If your neighbor has the legal right to keep the tree, what would be an efficient outcome according to the Coase theorem?
A. Your neighbor pays you $400 to not have the tree cut down.
B. Your neighbor pays you $200 to not have the tree cut down.
C. You pay yur neighbor $400 to cut the tree down.
D. You call city officials to have the tree cut down.
Answer:
A.
Explanation:
Your neighbor pays you $400 to not have the tree cut down
A favorable direct materials price variance and an unfavorable direct materials quantity variance might indicate
Answer:
A favorable direct materials price variance and an unfavorable direct materials quantity variance might indicate that the amount of direct materials or inputs actually used in the production is lower than the expected or standard quantity or amount to be normally used in production.Explanation:
A favorable direct material price variance basically implies different than usual or standard variation in the price of raw materials and factor inputs used in the production process.From a business or economic standpoint,it indicates that the amount or quantity of materials and factor inputs employed in the production of any product or services is actually less than the standard or expected quantity or amount to be used in the production.It perhaps might also indicate an unusual or unexpected reduction in the production or manufacturing costs or expensesA) High-quality materials were purchased at a lower cost but resulted in more waste, causing the variances.
An unfavorable direct materials quantity variance indicates that waste or inefficiency resulted from the usage of more resources than anticipated. When these two variances occur together, it might indicate that high-quality materials were purchased at a reduced price, leading to initial savings.
This scenario underscores the importance of balancing cost and quality in purchasing decisions, as savings on material costs can be negated by inefficiencies in production, resulting in an overall unfavorable outcome for the business.
The complete question is:
A favorable direct materials price variance and an unfavorable direct materials quantity variance might indicate.
A) High-quality materials were purchased at a lower cost but resulted in more waste.
B) Low-quality materials were purchased cheaply, leading to higher usage.
C) Materials were purchased in bulk, causing storage issues.
D) Both variances are unrelated and indicate no specific trend.
XYZ borrowed $50,000 this year. Half of the loan will be repaid next year and the remainder will be paid the following year. How will the $50,000 be reported on its balance sheet at the end of this year? (Check all that apply.)
Answer:
The answer is given below;
Explanation:
XYZ
Extracts from Balance Sheet
As at XXXXX
Current Liabilities
Current portion of long term loan *$25,000
Long Term Liabilities
Long Term Loan $25,000
As the 50% of the loan will be repaid in next year, therefore ($50,000/2) will be shown in current liabilities. The rest of the loan is shown as long term loan as it will be repaid after 12 months.
Answer:
Under current liabilities you must record:
Current portion of long-term debt (CPLTD) $25,000
Accrued interest payable XXX (the interest rate is not given)
Under long term liabilities you must record:
Long-term debt (LTD) $25,000
Explanation:
Current portion of long-term debt (CPLTD) account in the balance sheet is used to report the amount of long-term debt principal that is due within a year. Accrued interest expense must be recorded separately, since interests and principal must be treated separately.
Larry's Lizards and Ronaldo's Reptiles are competing for pet store franchises. Both are considering opening a store in the small town of Turtleville. If Ronaldo's opens a profitable store in Turtleville and Larry's management determines that it is not profitable to also open a store, then:
a. this is a simultaneous game.
b. a Nash equilibrium is not possible in this game.
c. Ronaldo's had a first-mover advantage in this game.
d. this is a zero-sum game.
Answer: C. Ronaldo's had a first-mover advantage in this game
Explanation: First mover advantage is a marketing strategy, this advantage is gain by company for being the first occupant of a market or new business segment. This advantage may be made possible by leadership in technology, capital or resource purchase.
In this scenario Ronaldo's Reptiles had the advantage of first mover in Turtleville.
What are some obligations you must fulfill for an insurance policy to be in effect?
A: You need to make sure you make your insurance payments on time.
B: You need to provide your resume.
C: You must be accurate and truthful in giving the insurance company any information the company uses to determine their coverage and your premium.
D: Both A and C.
Answer:
D) Both A and C. It is really important and these both are obligations must be fulfilled for an insurance policy to be in effect.
Explanation:
Let's first exclude wrong options.
In option B, which states that " You need to provide your resume". So, it is clear that it is a insurance policy not a job application or your sale to which you should have to provide your whole resume mentioning your each and every detail from the school to professional experience. No obviously not. So, exclude it right away.
Now, we have option A which states that, "You need to make sure you make your insurance payments on time." This is again clear and quite simple that you have to be punctual regarding this in order to make your insurance policy effective.
Check option C. Yes, you need to be accurate and truthful in order to get maximum from the insurance policy.
So, it is clear from the discussion that, both A & C are correct so. Option D is our required answer.
Which of the following items would require an adjusting entry at the end of each accounting period? a.Vacation pay earned by employees b.Garnishment for child support payments c.Union dues withheld d.Withholdings for a 401(k) plan e.None of these choices are correct.
Answer: a.Vacation pay earned by employees
Explanation: Adjusting entries refers to journal entry made to ensure that some financial activity is assigned to the posting period in which the activity occurred. Their main purpose is to match incomes and expenses to appropriate accounting periods. They are made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.
The following information pertains to Lance Company.
1. Cash balance per bank, July 31, $7,328.
2. July bank service charge not recorded by the depositor $38.
3. Cash balance per books, July 31, $7,364.
4. Deposits in transit, July 31, $2,700.
5. $2,016 collected for Lance Company in July by the bank through electronic funds transfer. The collection has not been recorded by Lance Company.
6. Outstanding checks, July 31, $686.
A. Prepare a bank reconciliation at July 31, 2017.
B. Journalize the adjusting entries at July 31 on the books of Lance Company.
Answer:
Bank Reconciliation statement :
Cash balance as per Bank - - - - - $7328
Add: Deposit in transit - - - - - - - - $2700
Less: Outstanding checks - - - - - - $686
Adjusted cash balance - - - - - - - $9342
Cash balance as per Book - - - - - $7364
Add: Electronic Fund transfer - - - $2016
Less: unrecorded service charges-- $38
Adjusted cash balance - - - - - - - - - $9342
B.)
Dr. Cash................................2,016
Cr. Bank.........................................2,016
Being Cash Receipt by funds transfer not captured in Cash book
Dr. Bank Charges.............................38
Cr. Cash.....................................................38
Being Bank Charges for the month of July
Explanation:
Bank Reconciliation statement :
Cash balance as per Bank - - - - - $7328
Add: Deposit in transit - - - - - - - - $2700
Less: Outstanding checks - - - - - - $686
Adjusted cash balance - - - - - - - $9342
Cash balance as per Book - - - - - $7364
Add: Electronic Fund transfer - - - $2016
Less: unrecorded service charges-- $38
Adjusted cash balance - - - - - - - - - $9342
B.)
Dr. Cash................................2,016
Cr. Bank.........................................2,016
Being Cash Receipt by funds transfer not captured in Cash book
Dr. Bank Charges.............................38
Cr. Cash.....................................................38
Being Bank Charges for the month of July
30. Scenario: Capital An economy initially has 200 units of physical capital per worker. Each year it increases the amount of physical capital by 10%. According to the aggregate production function for this economy, each 1% increase in physical capital per worker, holding human capital and technology constant, increases output per worker by 0.25%. Reference: Ref 9-14 (Scenario: Capital) Look at the scenario Capital. If there is no inflation and output per worker is initially $1,000, what does the estimated output per worker equal after one year? $1,225 $2,500 $1,250 $1,025
Answer:
$1,025
Explanation:
An economy initially has 200 units of physical capital per worker.
Each year it increases the amount of physical capital by 10%.
Each 1% increase in physical capital per worker, holding human capital and technology constant, increases output per worker by 0.25%.
Therefore 10% increase, increases output per worker by 2.5%.
If output is initially $1,000, then the estimated output per worker after one year equal $1000 x 1.025 = $1,025
______ is an important marketing activity as it allows salespeople to represent the firm to customers, gather information on customer likes and dislikes, and provide market feedback on competitors and trends in the macro-environment.
Answer:
Personal Selling
Explanation:
Personal selling occurs when a sales representative meets with a potential client for the purpose of transacting a sale. Many sales representatives rely on a sequential sales process that typically includes nine steps. Some sales representatives develop scripts for all or part of the sales process.
Answer:
Personal selling
Explanation :
It is an oral presentation of ideas about products or serviced.. Electronic marketing that is telemarketing or online shopping are example of personal selling.
The contacts in personal sellings are done through the use of salesman or sales representative who represents the interest of the manufacturers before the consumers
The process in personal selling are
1. Prospecting
2. Pre-Approach
3. Approach
4. Demonstration
5. Objection Handling
6. Closing the sales.
The major roles of a salesperson are
1. Act as source of information
2. Making sales
3. Monitoring of product performance in the market
4. Making contacts with both Customer and Manufacturers before
5. Customer maintenance
6. Act as source of feedback for the manufacturers.
Dove wanted to do more than just sell its beauty care products. The company was on a quest to discover "real beauty" and help women be happy just the way they are. As a result, the Dove Campaign for Real Beauty was successfully launched in 2004. Which of the following types of marketing did Dove use?
A) mission
B) channel
C) value
D) public communication
E) social
Robert White will receive from his investment cash flows of $4,450, $4,775, and $5,125. If he can earn 7 percent on any investment that he makes, what is the future value of his investment cash flows at the end of three years
Answer:
Total future value= $16,402.09
Explanation:
Giving the following information:
Robert White will receive from his investment cash flows of $4,450, $4,775, and $5,125. He can earn 7 percent on any investment that he makes.
To calculate the future value, we need to use the following formula for each cash flow:
FV= PV*(1+i)^n
Year 1= 4,450*1.07^3= 5,451.44
Year 2= 4,775*1.07^2= 5,466.90
Year 3= 5,125*1.07= 5,483.75
Total future value= $16,402.09
Answer:
$15,329
Explanation:
year cash flows future value year 3
1 $4,450 x 1.07² = $5,094.81
2 $4,775 x 1.07 = $5,109.25
3 $5,125 x 1 = $5,125
$15,329.06
if you want to check if the answer is correct, use an excel spreadsheet and first determine the present value of the 3 cash flows =NPV(7%,4450,4775,5125) = $12,513.08 and then multiply by 1.07³ to get the future value = $15,329.06
Axiom International, an Australian company, wants to expand its operations to China, a country that is politically, culturally, and economically different. The firm needs to select a mode of entry that would give it access to local knowledge, allow sharing of development costs and risks, and also be politically acceptable. Which of the following modes of entry into foreign markets is most suitable for Axiom International
Answer:
Joint venture
Explanation:
A joint venture is an agreement between two or more parties mostly businesses so as to share markets, intellectual property, assets, knowledge, capital, profits as well as losses. A common phenomenon in which joint venture is used is the partnering up with a local business to enter a foreign market. For example is a company that wants to expand its operations to new countries, can enter into a joint venture agreement with a local business in the new country, thus benefiting from an already existing distribution network
For Axiom International, an Australian company that wants to expand its operations to China, a country that is politically, culturally, and economically different, the mode of entry should be a joint venture with a country in china.
Synergy is the concept that two businesses operating within a company will generate more profits together than they could separately by common use of technology, customers, distribution, managerial skills, or product similarity. True/ False?
Answer:
True
Explanation:
Synergy is a concept where it is believed that the combined efforts of two firms will outweigh their individual effect.
This effect may result in increased revenue,decreased costs of operations, increased efficiency and greater customer satisfaction and increased outreach.
Answer: True
Explanation: Synergy is the concept that two businesses operating within a company will generate more profits together than they could separately by common use of technology, customers, distribution, managerial skills, or product similarity.
Synergy is a concept created so that the collective efforts of two firms outweighs/supercedes the individual effect.
Complex projects such as research and development for new products often employ rolling wave planning to estimate costs. Which of the following best describes "rolling wave" planning? a. Project managers render a definitive estimate for the first stage and an order of magnitude estimate for the remainder of the project. b. Project managers render definitive estimates for all stages of the project during initiation. c. Project managers render an order of magnitude estimate for the first stage and a definitive estimate for the remainder of the project. d. Project managers render an order of magnitude estimate for all stages of the project.
Answer:
A. Project managers render a definitive estimate for the first stage and an order of magnitude estimate for the remainder of the project.
Explanation:
Project managers should not lie to themselves or others regarding project costs. Fixed costs remain the same regardless of the size or volume of work, while variable costs vary directly with volume of use. The project scope does not come into play when considering fixed and variable cost choices.
To provide an up-to-date record of commitments and authorized within budgets so that unexpected over/under run costs do not result, ensuring that all transactions are properly recorded and authorised and, where appropriate, decisions are justified.
Answer:
A
Explanation:
In a Rolling wave technique, a project manager is able to plan a project while it is taking place.
An example is where a project manager is faced with a project that has to be done in 10 months. And after estimating costs, the financial resources available could only run for the first 3 months. In this case the first 3 months are already accounted for. This is the definitive estimate for the first stage.
As the project progresses and more financial resources are available, the following months can be planned.
The core competency of MotorCraft Inc. is its fuel-efficient engine found in its cars. These engines are developed and built in-house. The company realizes that there is a new market opportunity to diversify. Thus, it produces the car engines on a large scale and sells them to other automobile companies. In this scenario, MotorCraft is
Answer:
..
Explanation:
Suppose the total monetary value of all final goods and services produced in a particular country in 2015 is $500 billion and the total monetary value of final goods and services sold is $450 billion. We can conclude that:
Answer:
GDP in 2008 is $500 billion.
Explanation:
Medical Accounts Collection enters into a contract to employ Natalie as a billing and credit manager for two years. During the first year, Natalie is often absent without explanation and when present fails to adequately do her job. Refer to Fact Pattern, Natalie’s performance most likely:
A. undercuts Medical Accounts’ duties under the contract.B. has no effect on Medical Accounts’ performance.C. discharges Medical Accounts from the contract.D. suspends Medical Accounts’ duty to perform.
Answer:
Correct option is (C)
Explanation:
A contract is held valid if both the parties to the contract fulfill their obligations and responsibilities. Even if one of the parties fail to perform their obligations, the other party to the contract is discharged of the contract.
Here, Natalie failed to perform the main aspect of the contract which is to do her job adequately. So, Medical Accounts is discharged from the contract by law.
David owns a cooperative apartment in Midtown Manhattan. He would like to know when the board members of his cooperative meet, as he would like to present architectural plans for the renovation of his apartment. Where should David look to find this information...?
Answer: By-laws
Explanation:
According to the given question, the by law is one of the type of rule in which the various types of laws are established the rights for the given responsibilities in an organization.
The main objective of the bylaws is to make disputes among the group members and any company by establish the laws for the purpose of controlling the discipline in an organization.
Therefore, David is basically looking for by laws for the purpose of finding its information in the cooperative meet. So, By laws is the correct answer.
The following information is taken from the production budget for the first quarter: Beginning inventory in units 1000 Sales budgeted for the quarter 406000 Capacity in units of production facility 452000 How many finished goods units should be produced during the quarter if the company desires 3000 units available to start the next quarter? Entry field with incorrect answer 404000 454000 409000 40800
Answer:
The correct answer is 408,000 units
Explanation:
Computing the finished goods units to be produced during quarter is as:
= Desire units - Beginning inventory units
where
Desire units is 3,000
Beginning inventory units is 1,000
So,
=3,000 units - 1,000 units
= 2,000 units
Now, computing the finished goods units as:
Finished goods units = 2,000 units + Sales budgeted for the quarter
Finished goods units = 2,000 units + 406,000 units
Finished goods units = 408,000 units
NOTE: It should be 408,000 not 40800.
Rebecca is the office manager for a medium-sized production company. She writes to her boss asking if the duty of writing the weekly sales report could be shifted from Rebecca to one of the office assistants. She begins her persuasive argument by pointing out that her other responsibilities mean the report is several hours late every week, which delays her boss from sending his own report to the company executives. This is an example of:________.
Answer:
Common-ground persuasion technique
Explanation:
Where there is an overlapping of duties among staff or employees in an organization, one of the best method to resolving it is through common-ground persuation technique. It is also used to facilitate work based relationships.
The aim is to gain attention, clear all doubts about the roles of individuals and also to fasten the duties and responsibilities of employees without unecessary delay.
For this type of technique to be effective and accepted by the superior,
- the purpose through which the persuation is being sought must be understood by
-The staff seeking the persuation must be factual, trustworthy, honest and intents made in writing as in the case above.
-When employing common ground persuation technique, there must be an elements of focus and credibility on the part of the staff or employee involved.
Select the correct answer.
What is brainstorming?
Answer:
(A) Making a list of ideas that come up on the spot, without rejecting any of them.
Explanation:
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What contractionary monetary policy actions may be used to help reduce inflation?
A. The money supply is reduced, so banks charge a lower interest rate on
loans, leading to higher borrowing and growth.
B. The money supply is reduced, so banks charge a higher interest rate
loans, leading to slower borrowing and growth.
C. The money supply is increased, so banks charge a lower interest rate on
loans, leading to slower borrowing and growth.
D. The money supply is increased, so banks charge a higher interest rate on
loans, leading to slower borrowing and growth.
Answer:
The answer is B.
Explanation:
Contractionary monetary policy is a policy adopted by Central banks when the economy is heating up i.e when the economy is moving faster than it can withstand. So this is used to slow down the economy.
There is always a higher inflation and money supply is high when the economy is heating up.
So to contract or slow down the economy, the central banks increase the interest rate, this increase in interest rate discourages borrowing from households, businesses and even commercial banks and when there is a low demand for borrowed fund, money supply (total quantity of money in circulation) decreases.
Answer:
The answer is B.
Explanation:
To make thing more simple, the money supply is reduced, so banks charge a higher interest rate on loans, leading to slower borrowing and growth. Monetary policy involves controlling the supply of money, sometimes through interest rates. When the supply of money is reduced, central banks make borrowing money more difficult and less appealing by raising interest rates on a variety of loans.
Additionally, it is on USA test prep.
______ is compared to expansionary monetary policies adopted to counteract a recession
Answer:
Higher interest rates
Explanation:
Higher interest rates is compared to expansionary monetary policies adopted to counteract a recession as it helps to moderate a country's economic growth by raising the costs of borrowing, reduce consumer spending, improving exchange rates and reduce inflation.
High interest rates are commonly caused as a result of an increase in demand for credit or money.
For a monopoly, marginal revenue is less than price because A the firm is a price taker B the firm must lower price if it wishes to sell more output C the firm can sell all of its output at any price D the demand for the firm's output is perfectly elastic
Answer:
B the firm must lower price if it wishes to sell more output
Explanation:
A monopoly is when there is only one firm operating in an industry.
The monopoly faces an elastic demand.
The demand curve of a monopoly is downward sloping.
When the price of a monopoly is greater than the marginal revenue, the monopoly should reduce the price in order to increase quantity sold and increase marginal revenue.
I hope my answer helps you
Answer:
B) the firm must lower price if it wishes to sell more output
Explanation:
A monopolist's marginal revenue is always less than or equal to the unit price of the good or service it offers. This is because the demand curve is downward sloping, and in order to increase the quantity demanded it must lower its sales price. A monopolist can make economic profit because it can set the price of the product, but in order to maximize its accounting profit it should sell its products at a price that equals marginal cost. It follows the same economic principle as every other type of company.
Other options are wrong because:
A the firm is a price taker FALSE, IT HAS ENORMOUS MARKET POWER AND CAN SET THE PRICEC the firm can sell all of its output at any price FALSE, IF THE PRICE IS TOO HIGH CONSUMERS WILL STOP BUYING, THE DEMAND CURVE IS DOWNWARD SLOPINGD the demand for the firm's output is perfectly elastic FALSE, A PERFECTLY ELASTIC DEMAND CURVE IS HORIZONTAL, AND A MONOPOLY'S DEMAND CURVE IS DOWNWARD SLOPINGIn more centralized organizations employees at all levels of the organization are involved in the decision-making process.
A. True
B. False
Answer:
B, False
Explanation:
A centralized organization can be defined as a decision-making process in which decisions are made and handled by the top executives of the organization.
This means that only employees in the highest of hierarchy in an organization are involved in the decision-making process rather than every employee in the organization. Decisions made by the top executives are to be followed by the other employees in the organization.
Cheers.
What are the characteristics of a contestable firm
Answer: see explanation below for answer.
Explanation: A contestable market refers to a market in which firms are facing zero entry and exit costs. What his means is that there are little or no barriers to entry and to exit, for example, sunk costs and contractual agreements. In order for a market to be perfectly contestable, the technology that is vital in a particular industry must be readily available to new firms seeking to enter the market.
The characteristics of contestable firms include:
1. They encounter no barriers to their entry or exit.
2. They do not incur no sunk costs.
3. New and old firms have access to the same level of technology in the industry.
Moon, a farmer, needs to install a two thousand-pound piece of equipment in his barn. This will require lifting the equipment thirty feet up into a hayloft. Moon goes to Davidson Hardware and tells Davidson that he needs some heavy duty rope to be used on his farm. Davidson recommends a one-inch-thick nylon rope, and Moon purchases two hundred feet of it. Moon ties the rope around the piece of equipment, puts the rope through a pulley, and with a tractor, lifts the equipment off the ground. The rope suddenly breaks and the equipment crashes to the ground where it is severely damaged. Moon files a suit against Davidson for breach of the implied warranty of fitness for a particular purpose.
1. What law has many rules governing warranties of goods?a. Uniform Transactions Codeb. Uniform Sales Codec. Uniform Commercial Coded. Uniform Goods Code2. Where do we find a statute that makes these warranties less subject to deception and more understandable?a. state lawb. federal law
Answer:
Explanation:
1. is d
2. is b
Sherman Peabody earns a monthly salary of ​$1,500​, which he receives at the beginning of each month. He spends the entire amount each month at the rate of ​$50 per day.​ (Assume 30 days in a​ month.) The interest rate paid on bonds is 6 percent per month. It costs ​$4 every time Peabody sells a bond. The optimal average level of money holdings is the amount that _________.
Answer: A. maximizes the profits from money management.
Explanation:
The optimal average level of money is indeed the amount that maximises profit from money management.
Money management is essentially taking charge of your money and ensuring that you manage it in such a way as to limit unnecessary expenses whilst growing money through measures such as budgeting, investing and expenses tracking.
With Mr Peabody's income and other financial constraints, the optimal average level of money will be the most he can maximise from managing his money.
Select the correct answer.
Kimberley runs a small retail business. She considers herself lucky to carry out business in the current age of technological innovations. She is of the opinion that today’s businesses can use email to communicate and find information through online research. Which aspect would Kimberley fear from the Internet despite the benefits that it offers?
Answer:
Option D. It has increased competition in the market.
Explanation:
Though the internet has increased the opportunity for the companies but it also has increased the threats by giving the access to foreign products to Kimberley home country, which is the increase in competition and demand will be more likely affected due this increased competition. The company will try to set price which is best for resisting to access its home country market, which will be less profitable for Kimberley.
Answer:
d
Explanation: