on may 1, there were 4 inventory items that cost $30 each. on may 5, 2 items were purchased for $35 each. given one item from the beginning inventory and one from the may 5 inventory were sold, under the inventory method, cost of goods sold would equal $75.
Based on the specific identification inventory method, the cost of goods sold would equal $65 ($30 + $35) and not $75 as indicated in the question.
Specific identification is an inventory costing method that tracks the cost of goods to the exact items that are sold. This method is used where it is possible to track sold items individually, especially when the sold items are separately identifiable.
Specific identification is just one method in inventory costing. Others are Last-in, First-out (LIFO), First-in, First-out (FIFO), and Weighted-Average Cost Methods.
Thus, the inventory method that will produce the cost of goods sold under this scenario is the specific identification method.
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Villanelle started her own business last year with the goal of turning a profit. However, after one year in business, Villanelle has not managed to
make any profit. What does this mean?
O A. Villanelle secured far too many customers in one year of business
OB. after all expenses were paid, Villanelle had massive financial gain
OC after all expenses were pald, Villanelle had no financial gain
OD. Villanelle was not able to meet the federal guidelines regarding growth in order to stay in business
Answer:
It is not D.
Explanation:
Villanelle was not able to meet the federal guidelines regarding growth in order to stay in business.
Answer:
C. after all expenses were paid, Villanelle had no financial gain
Explanation:
Right on Edmentum/Plato
How is a compressed work week different from a traditional work week?
You work one more day in a compressed work week.
You work forty hours in a compressed work week.
You work one less day in a compressed work week.
You work less than forty hours in a compressed work week.
Answer:
A compressed work allows the employee to work for 35-40hours workweeks in less than five workdays.
not successful way to budgeting strategy
what is a primary difference between a note receivable and an account receivable?
Answer:
Note receivable is a written promise by a supplier agreeing to pay a sum of money in the future.
While
Account receivable is the funds owed by the customers.
Hosts can handle 20 parties per hour, servers can handle 10 parties per hour, cooks can cook for 15 parties per hour. You have 1 host, 2 servers, and 1 cook. You expect 20 parties per hour. Which position is most likely to be overworked?
Answer:
Cook
Explanation:
Sue worked 48 hours this week. Her rate of pay is $13.75 per hour. What is her gross pay?
Answer:
The answer is $660 because you will multiply 48 and 13.75
Explanation:
48*13.75=660
in which step of the price setting process would a new-product manager decide whether to adopt a penetration or a skimming pricing strategy for a new product she is about to introduce to the market?
What tab do I use to get to the table of contents on a word document?
х
The account debited when payment is made for equipment purchased previously on account is
A accounts receivable.
O
B. cash.
C. accounts payable.
D. equipment
Answer: It is A. Accounts Receivable.
A firm has an average total cost of $50. If it sells 20 units of its product at $100 each, what is its profit?
Answer:
$1,950
Explanation:
If I understood what you're asking, I did 100 times 20 and then subtracted 50 from that
100x20 = 2000
2000-50 = 1950
molen inc. has an outstanding issue of perpetual preferred stock with an annual dividend of $4.00 per share. if the required return on this preferred stock is 6.5%, then at what price should the stock sell?
The price at which the stock should sell is $61.54.
Using this formula
Stock selling price=Preferred stock annual dividend/Preferred stock required return
Where:
Preferred stock annual dividend=$4.00 per share
Preferred stock required return=6.5% or 0.065
Let plug in the formula
Stock selling price=$4.00/0.065
Stock selling price=$61.538
Stock selling price=$61.54 (Approximately)
Inconclusion the price at which the stock should sell is $61.54.
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Answer:
$61.54.
Hope this helps! good luck :)
cost is not paid by the insurance company and are unrecoverable
Answer:
yes
pls mark brain
Explanation:
Why do internal economies of scale lead to imperfectly competitive​ industries? A. Patent laws prevent firms from entering the market. B. Large firms have cost advantages over small firms. C. This is an observation based on measurable data. D. There are barriers to entry due to large fixed costs.
Internal economies of scale lead to imperfectly competitive industries because large firms have cost advantages over small firms, so the correct answer is B.
Economy of scale is the economic advantage that is realized by operating on a larger scale. In general, the average cost per unit of output decreases with increasing scale because fixed costs are spread over more units of output. Operational efficiency is also often greater with increasing scale, which in turn leads to lower variable costs.
When an industry is characterized by economies of scale, it can lead to a monopoly or oligopoly. Only large companies can then produce economically, which means that the barriers to entry for new market players are high.
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what is the minimum amount of money for which an sar should be filed?
Answer:
the answer is amount 20000
Explanation:
there isnt one cus its a direct question
Which is an example of ethical investing?
A. Michael invests in a company because its financials are solid.
B. Liam puts money into a mutual fund that produces steady returns.
C. Erin invests in a company because of its commitment to the
environment.
D. Kaori sells her shares in a company because she needs the
canital
Answer:
C
Explanation:
C. Erin invests in a company because of its commitment to theenvironment.
Write down the steps of the marketing research approach in the correct order.
Answer:
Explanation:
The Marketing Research Process is comprised of 6 steps: 1: Problem Definition, 2: Development of an Approach to the Problem, 3: Research Design Formulation, 4: Field Work or Data Collection, 5: Data Preparation and Analysis, 6: Report Preparation and Presentation.
I WILL GIVE BRAINLIEST!!!!! THIS IS UP FOR THE MOST AMOUNT OF POINTS POSSIBLE!!!!!!!! ANY FALSE ANSWERS OR LINKS WILL BE REPORTED!!!!! PLEASE HELP ME!!!!!!!!!!
Louise is a marketing administrator at a financial institution. She has spent most of her busy day in meetings. She had a long department team meeting during the first half of the day. After lunch, she had a cross-departmental team meeting, followed by an administrative team meeting.
A. What type of employees were likely present at each of the three meetings? Provide an example of what each meeting might have been about.
B. Louise was assigned as team leader of the cross-departmental team. Since the team involves individuals who are all quite different, what kind of group dynamics should Louise watch out for? What can she do to ensure the team stays productive and motivated?
A)
First meeting
Employees: Entire marketing team
Possible topic: How to market a new service that the company provides
Second meeting
Employees: Marketing team and customer service team
Possible topic: How to improve customer satisfaction
B) She should make sure that the individuals are willing to learn new things and work well in teams because employees will have to work with others who are very different than them.
To motivate her team, she should give positive feedback, allow employees to make their own decisions, and create challenging (but realistic goals)
in cochabamba, bolivia, the informal economy is a small but important sector of the overall economy.
It is False that in Cochabamba, Bolivia, the informal economy is a small but important sector of the overall economy.
This is because the informal economy in Cochabamba is widespread in the street.
However, because they don't pay taxes or report earnings, it is hard to conclude that it is an important sector of the overall economy.
Also, since the statistics of the informal economy of Cochabamba do not reflect on the Bolivia general economy, the statement is considered False,
Hence, in this case, it is concluded that the correct answer is False.
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the ____________________ is based on the prices of merchandise that are exported or imported.
The International price index is based on the prices of merchandise that are exported or imported.
what is the term for a group of project activities that are assigned to a single organizational unit?
what is the relation between Average Revenue and Marginal revenue??
Answer:
hi Kavya di how are you fine or not what are you doing
Explanation:
And in advance Happy Morning and happy chhath Puja
based on normal market reaction, the market price of stock will:
Explanation:
the study of the characteristics of human populations such as size density age race gender and income is known as
Presented below is information related to Ricky Henderson Company.
Cost Retail
Beginning inventory $ 200,000 $ 280,000
Purchases 1,375,000 2,140,000
Markups 95,000
Markup cancellations 15,000
Markdowns 35,000
Markdown cancellations 5,000
Sales revenue 2,200,000
Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.)
Ending inventory using conventional retail inventory method
$Presented below is information related to Ricky He
The ending inventory using conventional retail inventory method is $170,100.
Ricky Henderson Company Ending inventory
Cost Retail
Beginning inventory $200,000 $280,000
Add Purchases $1,375,000 $2,140,000
Total $1,575,000 $2,420,000
Markups $95,000
Markup cancellations ($15,000)
Net markup $80,000
($95,000-$15,000)
Total $1,575,000 $2,500,000
($2,420,000+$80,000=$2,500,000)
Markdowns $35,000
Markdown cancellations ($5,000)
Net markdown ($30,000)
($35,000-$5,000)
Sales price of goods available $2,470,000
($2,500,000-$30,000)
Less Sales revenue ($2,200,000)
Ending inventory at retail $270,000
($2,470,000-$2,200,000)
Second step is to calculate the Cost-to-retail ratio using this formula
Cost-to-retail ratio=Cost of goods sold available/Retail price of goods available+ Net markup
Let plug in the formula
Cost-to-retail ratio=$1,575,000/($2,420,000+$80,000)
Cost-to-retail ratio=$1,575,000/$2,500,000
Cost-to-retail ratio=0.63
Third step is to calculate the ending inventory at cost (lower of cost or market) using this formula
Ending Inventory at cost =Cost-to-retail ratio× Ending inventory at retail
Let plug in the formula
Ending Inventory at cost=0.63×$270,000
Ending Inventory at cost =$170,100
Inconclusion the ending inventory using conventional retail inventory method is $170,100.
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what are five marketing strategies that retailers spend half of their annual budget on?
The five marketing strategies includes strategies on 5P's which includes Price, Product, Promotion, Place and People.
The retailers are basically people who sells goods in smaller quantity to the final consumer in the chain of distribution.
The five marketing strategies they spend half of their annual budget on includes on the following:
Price: The retailers ensures that prices of their product are reduced below cost price to persuade consumers to buy from them.Product: The retailers need to ensure that varieties of product are available in the stores to satisfy the consumers need.Promotion: Various advertisement and others strategy to persuade consumers needs funds to make successful.Place: The store and outlet need to be where is more favorable and comes with high cost of expenses for the retailers.People; The consumers are given discounts and other incentives to persuade them to come and buy more goods from the retailers.Learn more about this here
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Answer:Product, Price, Promotion, Place, and People
Explanation:
the historical cost principle requires that when assets are acquired, they be recorded at
The historical cost principle requires that when assets are acquired, they be recorded at cost.
The historical cost principle is an accounting principle under the US GAAP. It entails recording the cost of an asset on the balance sheet at the cost with which the asset was purchased regardless of the changes in the value of the asset.
For example, if a machine was purchased at a cost of £2000. If the historical cost principle is used, the machine would be recorded at £2000 on the balance sheet.
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Name at least 4 management skills which you think you already have. Justify your answer and identify ways on how you could further develop your chosen management skills.
Answer:
Hello there,
I'll answer based on myself,
The management skills I think I have are;
Planning, To achieve my goals, planning is an essential skill that I must have. Short term and long term goals need planning to be achieved and the short term goals like assignment completion and helping with chores at home must be done within a scope of at most a week and not more. And long term goals are ongoing and the fast they can be achieved within a year is more favourable. By continuous planning I gain more experience when my plans don't give. I usually ask my parents, teachers and experts on my plans to further better them. Decision making; With decision making, planning is much easier because I get to choose the best choice out of many layouts of plans I have. Deciding on my priorities is best way to figure out the best plans. This is usually based on past experience to make it better and ask help from parents and teachers. Delegation; This is most evident in my duties at school as a leader and assigning work in projects. It's not that some duties can't be performed by me but delegation is superb when a single person can concentrate on allocated tasks in full efficiency. It allows fast error checking and less slacking. I continue to learn this through projects given at school, getting help from parents and older siblings. Communication; I believe the best system works in a clear back to back communication. Good thing the environment am in allows thorough communication. And as a leader, youth, student and a responsible community member communication has been a great tool to make known our strengths and weaknesses. My parents, teachers have cultivated an environment that allows clear channels of communication.The National Income and Product Accounts allows us to relate ________ to ________ to ________. Group of answer choices household income; government income; firm income total output; total spending; inflation household income; household expenditure; total output total output; inflation; total income total output; total spending; total income
Answer:
gross domestic product (GDP), gross national product (GNP), and gross national income
Explanation:
The National Income and Product Accounts allows us to relate total output to total spending to total income. Therefore, option E is correct.
The National Income and Product Accounts (NIPA) is a system of economic measures used by the government to track and analyze the overall economic activity of a country.
It provides comprehensive data on national income, production, consumption, and investment. NIPA allows for the calculation of important indicators such as Gross Domestic Product (GDP), which measures the total value of goods and services produced within a country over a specific period.
By providing a framework to track income and output flows across different sectors, NIPA enables policymakers, economists, and analysts to monitor economic performance, make informed decisions, and assess the overall health of an economy.
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Most probably, your complete question is this:
The National Income and Product Accounts allows us to relate ________ to ________ to ________.
Group of answer choices
A. household income; government income; firm income
B. total output; total spending; inflation
C. household income; household expenditure; total output
D. total output; inflation; total income
E. total output; total spending; total income
For six months, Joel paid the minimum amount due on his credit card bill on time and didn't see his balance rise as a result. Then, he saw the amount owed suddenly jump. What is one possible reason this happened?
A. He was charged a minimum-payment penalty.
B. His interest rate increased.
C. He was charged an overdraft fee.
D. Late fees were added to his bill.
The sudden rise in the credit card bill of Joel would be due to the increase in rates of interest.
Option B is correct.
What is interest rate?
Interest rate is the percentage being charged on the total amount of borrowed funds being taken by the borrower.
Joel 's credit card bill seemingly risen which he wouldn't noticed in spite of being paid the amounts on time. This happens due to rise in rates of interest being levied on the total amount of credit card.
Therefore, the reason being mentioned in Option B is correct.
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All of the following are true of Section II of the Businessowners Coverage Form, except: A Bodily injury coverage does not apply to rendering or failure to render professional services B Includes the cost of defending the insured C A personal injury loss must be committed in the coverage territory during the policy period D Business liability coverage applies to damage to an insured's property or work
All of the following are true of Section II of the Businessowners Coverage Form, except Business liability coverage applies to damage to an insured's property or work. The correct option is D. coverage that safeguards an organization against claims for bodily injury, property damage, or personal injury resulting from the insured's actions or inactions, up to the policy limits.
What does a business owner's policy cover?A business owner's policy, also known as a BOP, offers financial protection to small business owners in the event that their operations are abruptly halted due to a covered loss. This policy safeguards your inventory, buildings, and equipment.
Buildings are commonly included in the properties covered by a BOP. Additionally, the BOP will cover any property owned by the business or by a third party temporarily kept in the company or business owner's care, custody, or control.
Thus, the ideal selection is option D.
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