The use of the perpetual inventory system by a company means that when it sells goods for cash, the journal entry for cost of goods sold is d. cost of goods sold xx merchandise inventory x
How to record cost of goods sold?When using a perpetual inventory system, the cost of goods sold would be debited in the event of a sale. This is to show that the Cost of Goods Sold as an expense, is increasing.
The Merchandise inventory will be credited because it is being adjusted for the reduction in the amount of inventory that it held before the sale.
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Give an example of a negative externality and an example of a positive externality
Final answer:
A negative externality example is air pollution from manufacturing, while a positive externality is a neighbor's actions enhancing a person's birdwatching experience. Additional examples of positive externalities include the broader societal benefits from vaccinations and neighborhood home improvements.
Explanation:
An example of a negative externality is air pollution caused by manufacturing activities. This pollution imposes health and clean-up costs on the entire society. The manufacturers may not bear these costs, leading to the production of more goods than would be if they were accountable for these external costs.
A scenario illustrating a positive externality would be a neighbor putting up birdhouses and planting trees, which attract birds for someone who enjoys birdwatching. This action increases the enjoyment and quality of life for the birdwatcher without any extra cost on their part.
Other examples of positive externalities include vaccinations and home improvements. Vaccinations protect the individual and provide herd immunity to others, reducing the spread of disease. When homes in a neighborhood are modernized, it increases the value of the upgraded homes and boosts other property values in the neighborhood.
A used-car dealer has a vehicle on the lot with a sticker price of $6999. if the dealer markup on used vehicles is 12%, how much did the dealer pay for the car? Follow Report by Mikesntom3253 05.07.2017
Dealer paid an approximate amount of $6249.10 of the used car.
112% of x= 6999
x = 6999*100/112
x= $6249.10
What is an used car?A vehicle that has had one or more retail owners in the past is referred to as a used automobile, pre-owned car, or second hand car. Franchise and independent vehicle dealers, rental car agencies, buy here pay here dealerships, leasing offices, auctions, and private party sales are just a few of the places where used cars can be purchased. Some auto dealers provide "no-haggle prices," "certified" pre-owned vehicles, and extended service agreements or warranties.
Three different types of pricing information are commonly produced by used car pricing reports.
The price anticipated to be paid when purchasing from a certified new- or used-car dealer is known as the dealer or retail price.
The price a customer should anticipate receiving from a dealer if trading in an automobile is known as the dealer trade-in price or wholesale price. At a dealer wholesale auction, a dealer will often pay this amount for a car as well.
The price anticipated to be paid while purchasing from a private party. When selling to a private person, the buyer expects to receive a higher price than if they traded it in to a dealer. A private party purchaser wants to get a deal on the dealer's suggested retail price.
Geographical location might have an impact on used automobile pricing. Convertibles, for instance, are more popular in warmer regions than they are in cooler ones. In a similar vein, pickup vehicles might be more popular in rural than urban areas. Pricing is greatly influenced by the vehicle's general condition. The condition of a car is determined by its exterior, mechanical state, mileage, and past maintenance. The evaluation of a car's condition is highly subjective.
There are many ideas about how the market decides the prices of used cars offered for sale by private parties, particularly in comparison to new cars. According to one notion, new car dealers can generate higher demand by making a greater attempt to sell a car.
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Health care, as a good, is best described by:
a. health care should be supplied by the government because it generates positive externalities.
b. health care should not be supplied by the government because the private market preserves incentives to improve health care with innovation and medical technology.
c. health care should not be supplied by the government because consumers pay a price well above the true cost of providing the service.
d. health care should be supplied by the government because it is nonexcludable.
e. both a and
b.
When an entire job is broken down into a number of steps, rather than being done by one individual, and each step is completed by a separate individual, it is called:?
The correct answer is work specialization. This is also known as division of labor in which this is being referred in regards with the degree of an organization that are likely to have a division of individual task into separate jobs.
Answer:
Division of labor
Explanation:
Division of labor is a system of breaking down a work process into different tasks where each task is handled by different individuals .
Advantages of this system includes
High productivity and efficiencyHigher profit due to reduced cost of productionIt also encourage economy of scale.Improved quality of outputs as continuous stay on a role leads to improved skills.Dis advantages are
MonotonyLack of job pride could occur with timeFailure of a unit of production will cause a chain effect on others.Compared to interest rates on long-term u.s. government bonds, interest rates on __________ fluctuate more and are lower on average. question 3 options: medium-quality corporate bonds low-quality corporate bonds high-quality corporate bonds three-month treasury bills save
The yield received for investing in a government-issued treasury security with a 3 month maturity is known as the 3 Month Treasury Bill Rate.
What is treasure bill ?The shorter end of the yield curve includes the 3 month treasury yield, which is significant when examining the US economy as a whole. From 2009 to 2015, the 3 month Treasury yield remained close to zero as the Federal Reserve kept its benchmark rates at zero in the wake of the Great Recession.
The 3-Month Treasury Bill is a short-term security issued by the US government with a fixed maturity of 3 months. By interpolating points along a Treasury curve made up of actively traded securities with term (for example, one month) maturities, the Federal Reserve determines yields for "constant maturities."
An emergency treasury bill aids in the government's efforts to raise money in order to pay its ongoing liabilities, which exceed its annual revenue generation. Its goal is to control the total amount of money in circulation at any given time while simultaneously minimising the overall fiscal deficit in an economy.
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When making investments, your primary motivation should be:
To make money
To save on taxes
To have a lot of investments
To show your agent,
When making an investment, the primary goal of every investor is to make money. Investing is an activity undergone by any individual called investor to gain profit. Profit is the amount of money the investor can earn out of his/her investment. The primary goal of every investor is profit.
Miguel is doing a research paper on new york city's stone wall riots of 1969. he visits the scene of the riots, interviews people who were there, reads the police reports of the event, and watches video footage. miguel is conducting a(n) ______.
a. overview
b. case study
c. experiment
d. data analysis
Miguel is conducting a case study on the New York City's Stone Wall Riots of 1969. He is conducting in-depth research by visiting the scene of the riots, interviewing people who were there, reading police reports, and watching video footage.
Explanation:Miguel is conducting a case study on the New York City's Stone Wall Riots of 1969. A case study is an in-depth analysis of a single event or situation. Miguel's research involves visiting the scene of the riots, conducting interviews with people who were there, reading police reports, and watching video footage.
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After an exciting football game in which the home team loses by one point, a crowd of fans throws bottles and begins to tear up the field. this behavior is best understood in terms of:
The behavior is best understood in the term of deindividuation. This is defined as a concept in social psychology in which a person experience a thought of having to loss a self-awareness when he or she is involved to a group in which is considered to be a matter of contention.
If we receive a refund from our federal income tax, what does this mean?
A. Too much tax was withheld from our pay the previous year.
B. We didn't earn any income last year.
C. The right amount of withholding was taken from our pay the previous year.
D. Not enough tax was withheld from our pay the previous year.
Organizations with common interests, such as regulatory requirements, performance requirements, or data access, might share resources in a __________.
Keith was looking to rumble. He saw Ocho up ahead and decided that his rival on the streets needed to feel a little pain and that Keith was the one to administer it. Keith grabbed Ocho and began to pummel him mercilessly. Ocho died from his injuries. Keith is guilty of ______.
A)voluntary manslaughter
B)murder based on his intent to kill
C)involuntary manslaughter
D)murder with intent to inflict grievous bodily harm
Answer:
The correct answer is D. Keith was looking to rumble. He saw Ocho up ahead and decided that his rival on the streets needed to feel a little pain and that Keith was the one to administer it. Keith grabbed Ocho and began to pummel him mercilessly. Ocho died from his injuries. Keith is guilty of murder with intent to inflict grievous bodily harm.
This is because, although Keith does not have the direct intention of killing Ocho (that is, he does not intend to commit the crime of homicide), his criminal actions do have a definite and clear intention to harm the other person. Therefore, the responsibility for the damage is attributable to him, as well as the awareness that his actions could seriously injure Ocho. In short, he is responsible for the murder for having intended to cause harm to the other person.
In what ways are taxes unfair to the middle income group than the low income group ?
When a qualified plan starts making payments to its recipient, which portion of the distributions is taxable?
What are two variables needed to calculate demand?
the answer is: Price and quantity
Price refers to the monetary value needed to obtain the product while quantity refers to the amount of the product in the market.
As the price goes up, typically demand would fall since there would be less people that can afford to buy that products. As the quantity decreased, the product become scarce and this would increase the number of the demand of that product.
To calculate demand, two key variables are needed: the price of the product or service and the income of the consumers. Higher prices typically result in lower demand and higher consumer income can increase demand.
Explanation:
Two key variables needed to calculate demand are the price of the product or service and the income of the consumers. Price is directly linked to demand; a higher price generally leads to lower demand and a lower price typically results in higher demand. However, consumer income also plays a significant role; if consumer income is high, they are more likely to purchase goods and services even at a higher price, and vice versa.
An example could be a pricey designer handbag. If the price is reduced, demand may increase as more consumers can afford it (price variable). However, if there's a recession and many people lose their jobs, the demand may decrease even if the price is low because fewer people have sufficient income (consumer income variable).
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Describe at least one challenge of keeping a check register.
Answer:
The major challenges are
1. Discipline challenge
2. Accuracy issue
Explanation:
A check register is simply a document that is used to record all kinds of transaction that took place on your account. It records the debit and credit transaction on the account.
Most times, you can experience the challenge of keeping it updated and making mistakes with the recording.
f an employer does not offer a retirement plan, what might be another way to save for retirement?
If an employer doesn't offer a retirement plan, a worker can save for retirement by opening an IRA, investing in stocks, bonds, and annuities with private firms, and starting early to maximize savings potential.
If an employer does not offer a retirement plan, there are still many other ways to save for retirement. It is crucial to plan for retirement early in your employment career to take the necessary steps to meet your retirement goals.
One alternative to employer-sponsored plans is to open an Individual Retirement Account (IRA), including Traditional IRAs and Roth IRAs, where taxes are deferred, or contributions are made with after-tax dollars, respectively. Additionally, you can invest in stocks, bonds, and annuities outside of employment, possibly using private firms that offer tax advantages.
Furthermore, despite contributing to Social Security through the Federal Insurance Contributions Act (FICA) tax, experts recommend saving more to ensure a comfortable retirement, as Social Security payments alone may not be sufficient.
An example of an externality is a situation where a bank opens a new office, and that new office causes deposits in the bank's other offices to increase.
Beth's computer keeps locking up, and she is not sure why. she was told by the intern at her company's help desk that she should reboot her computer often. however she has noticed that the computer freezes when she opens more than two programs at a time. before she upgrades the ram, what else can she do to help alleviate this problem?
Different jobs within the same profession may require more or less education.
Jacob, a customer service representative for ab retailers, has seven levels of management between himself and the company's ceo. in contrast, his friend rhonda, a customer service representative for yz retailers, has only four levels of management between her and the company ceo. compared to yz, jacob's company has what type of organizational structure?
In a free market, prices lead to an efficient allocation of resources. in other words, _____.
Answer:
Resources are used in the most productive way, based on the needs of consumers and producers
Explanation:
As resources are scarce relative to the insatiable demands of human wants, economies are concerned with basic questions of allocation. ... In a market, resources are allocated based on the demand/supply in which prices plays an signalling function as it allocates resources to the production of different types of goods.
A dealer purchased a car for $19,500 and marked it up 15%. What is the sticker price of the car?
A. $2925
B. $24,599
C. $22,425
D. $24,500
$22,425 is the sticker price of the car.
15% of 19,500 is 2,925.
19,500+2,925= 22,425.
What is a car sticker price?The sticker price is the amount that the dealership advertises as the asking price when a car is put up for sale. This price includes extra fees for things like transportation (sometimes known as a destination fee), setup expenses, and dealer- or aftermarket-installed items. These extra fees are included in the car's final price and not the starting MSRP. The dealer is allowed to charge whatever he wants for the vehicle because the MSRP is only a suggested price.
Manufacturers and dealers occasionally falsely inflate the sticker price and then provide pretended reductions since many buyers claim they won't pay more than the asking price. Some automobiles could grow so well-liked that dealers can charge and sell for much more than the MSRP. The MSRP is the amount manufacturers advise dealers to charge for the car you want. The cost of manufacture, the brand and model, the particular trim choices, and the location of the car's sale are all factors that affect its pricing.
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Shannon says that she works out in the evenings instead of the afternoons because roger is always late coming home from work. roger says he doesn't bother to rush home from work because shannon is always working out. this process of organizing the series of events in different ways is called
Answer:
Punctuation will be the correct answer
Explanation:
The process of organizing the series of events in different ways is called punctuation
When the interest rate on a bond is above the equilibrium interest rate, there is excess __________ in the bond market and the interest rate will __________. question 4 options: demand; rise demand; fall supply; fall supply; rise?
What is the rationale for the internal control principle, segregation of duties? select one:
a. history has shown that employees are generally dishonest and thus cannot be entrusted with performing related duties.
b. the work of one employee should, without duplication of effort, provide a reliable basis for evaluating the work of another employee.
c. control is most effective when only one person is responsible for a given task.
d. segregation of duties causes companies to hire more employees and thus it supports the economy?
A nominal amount of money, such as one dollar, is sufficient consideration to form a valid contract. this is true even if the other party's consideration is much more valuable.
Answer:
very true
Explanation:
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wich of the following is not an optional deduction
A. 401(k)
B. Medicare
C. life insurance
D. Health insurance
Medicare is not an optional deduction compared to the other options listed.
Explanation:Out of the options provided, Medicare is not an optional deduction. Medicare is a government program that provides health care benefits to individuals aged 65 and older or those with certain disabilities. Unlike the other options listed (401(k), life insurance, and health insurance), Medicare is not a voluntary deduction that individuals can choose to contribute to.
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You have planned purchases of $2,500. you have received orders that total $1,200, and you have ordered merchandise that totals $700. calculate the open-to-buy amount.
$600 is the open-to-buy amount. the portion of a budget allocation that is always available for new purchases during a budgetary period. A budgeted amount designated for the issuance of purchase orders is known as an open-to-buy. Broehm, H. D
What is open to buying at cost?A retailer develops an open-to-buy plan for a given timeframe as a budget for future inventory orders. By highlighting the discrepancy between the amount of inventory that is required and that which is currently available, it aids a retailer in stocking the proper quantity of the proper goods at the proper time.
Given
Planned Purchase = $2,500
Order Received = $1,200
Merchandise Order = $700
Required to Calculate the open-to-buy amount =?
the open-to-buy amount = Planned Purchase - Order Received - Merchandise Order
the open-to-buy amount = $2,500 - $1,200 - $700
the open-to-buy amount = $2,500 - $1,900
the open-to-buy amount = $600
It is determined at cost and allocated to various product categories according to how much each category contributes to overall sales. $600 is the open-to-buy amount.
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which character is described in these lines? "the man-rular famous, the long worthy atheling, sighed for his liegemen
ANSWER: The following lines were taken from the poem 'Beowulf' which is an old English epic story consisting 3182 alternative lines and is considered as the most important works of the Old English literature. The particular lines of the story "the man-rular famous, the long worthy atheling, sighed for his liegemen" describes the King Hrothgar who is a legendary Danish King living in the 6th century. He is mentioned as the builder of the great hall Heorot, and ruler of Denmark when the Geatish hero Beowulf arrives to defeat the monster Grendel.
The store paid $2.50 for a book and sold it for $5.25. what is the profit as a percent?
Answer:
110%
Explanation:
Took a test and got it right.