Based on the information given the cost of goods sold is $7,500.
Using this formula
Cost of goods sold=Starting inventory + Purchases − Ending inventory
Where:
Starting inventory=$10,000
Purchases=$5,000
Ending inventory=$7,500
Let plug in the formula
Cost of goods sold=$10,000+$5,000-$7,500
Cost of goods sold=$7,500
Inconclusion the cost of goods sold is $7,500.
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The banking crisis of 2008 is quite interesting to analyze. The factors that led to this near banking collapse are intriguing to say the least. In this exercise you will be evaluating the factors that led up to the crisis and determining which ones could have created this scenario.
There is no simple answer to what led to the banking crisis, as there were many factors that contributed over a long period of time. Understanding the factors that led to the crisis is very important, as such an understanding will help regulators prevent similar situations in the future.
Please analyze the factors that are given to determine which ones could have potentially worked together to have created the banking crisis of 2008, and then place each factor in the category of either “Major Contributor” or “Little or No Contribution.”
Banking crisis of 2008 was due to thr global financial crisis that occure during the period
The global financial crisis was a severe worldwide economic crisis.The financial crisis was rated the most serious financial crisis since after the Great Depression that happened in the 1920s to 1930..1. Repeal of some provisions of the Glass-Steagall Act of 1933 is a Major contributor to the Banking crisis of 2008.
2. Savvy individual investors is not a Major contributor to the Banking crisis of 2008.
3. The Community Reinvestment Act (CRA) is a Major contributor to the Banking crisis of 2008.
4. Borrowers’ lack of financial knowledge is a Major contributor to the Banking crisis of 2008.
5. The Troubled Asset Relief Program (TARP) is a not a Major contributor to the Banking crisis of 2008.
6. Mortgage-backed securities (MBSs) is a Major contributor to the Banking crisis of 2008.
7. Electronic Fund Transfer System (EFTS) is not a Major contributor to the Banking crisis of 2008.
8. Looser governance of loan requirements is a Major contributor to the Banking crisis of 2008.
9. Loans with variable interest rates is a Major contributor to the Banking crisis of 2008.
10. The creation of the FDIC is a Major contributor to the Banking crisis of 2008.
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Answer:
Explanation:
quick way to get the answer your looking for took a pic of the diagram!
The _____ of a firm uses information from the sales budget and various cost budgets to develop a forecast of net earnings for the planning period.
According to business management roles, the "financial manager" of a firm uses information from the sales budget and various cost budgets to develop a forecast of net earnings for the planning period.
This is because the financial managers are the individuals in a firm whose role or responsibility is to ensure that the organization is functioning well financially.
Their roles usually involve providing the financial guidance, developing financial reports, making direct investment activities, etc.
Hence, in this case, it is concluded that the correct answer is "Financial Manager."
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True or False: Your landlord, the over of your rental property, has the right to enter your apartment, any time he wants to
to be certain that you are following the NO SMOKING re because he is concerned about safety and damage to the apartment.
Answer:
false
Explanation:
he/she is not allowed to enter at any time because he/she does not have the right to enter the home if you are not there.
________ are salespeople who sell a manufacturer’s products on an extended contract basis but are not employees of the manufacturer.
Answer:
manufacturer's representatives.
hope this helps! :)
Manufacture's sales representative are sales groups who sell a manufacturer’s commodities on a prolonged contract ground, but are not employees of the manufacturer.
Who is Manufacture's sales representative?A manufacturers' representative is, in its most basic form, defines as someone who agrees to represent a firm and sell their product or service for a certain percentage fee.
He changes some basic commission on sale of the manufacture's product or commodity. Thai commission is also added to the price of commodity.
Sales organizations that market a manufacturer's commodities on a long-term contract basis, but are not employees of the manufacturer, are known as manufacturer's sales representatives.
Therefore, manufacture's sales representative is a person that sales the products on the behalf of manufacture.
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If the price of tortillas is $1.20 per dozen, how many dozen will suppliers offer for sale?
Answer:
2,500
Explanation:
Check all of the perks a job might offer as incentives for potential applicants
A) gym membership
B) 401k investment plans
C) health benefits
D) child care services
Answer:C,D
Explanation:
A method used for establishing a logical framework for identifying the required activities for the project is called
I think it's
Work breakdown structure.
How do fast-food restaurants rationalize the process of providing food to customers, according to Robin Leidner in Fast Food, Fast Talk
According to Robin Leidner, fast-food restaurants rationalize the process of providing food to customers by developing standardized scripts for employees to use when dealing with customers.
There are many advantages associated with the fact that fast-food chains develop standardized scripts for customer service, as this way, they ensure compliance and quality of processes.
Standardization in fast-food restaurants therefore ensures faster service, mechanization of processes and higher quality in food production, since production and service standards must be followed in any unit of a fast-food chain.
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Once you are signed up for overdraft protection, you cannot opt out?
True or False
The statement that once you are signed up for overdraft protection, you cannot opt out is false.
What is Overdraft protection?
Overdraft protection serves as an option that is been given by the bank accounts which prevents check, ATM as well as debit card transactions.
This protection helps the individual, from causing the account's balance to fall below zero.
It should be noted that with this protection, an overdraft fee or a non-sufficient funds can be triggered.
We can conclude that if you sign up for overdraft protection, you can as well opt out.
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cosy corner plc case study
Answer: https://www.igcsebusiness.co.uk/uploads/2/6/7/8/26787454/organisation_notes_final.pdf
Explanation:
Question 2 of 10
Which of the following are possible negative consequences of filing for
bankruptcy?
O A. Loss of employment
OB. Reduced and consolidated debt
O C. Increased credit score and reduction of debt
O D. Loss of property and lowered credit score
Answer:
D
Explanation:
The possible negative consequences of filing for bankruptcy is loss of property and lowered credit score. Option D is an appropriate response.
What is bankruptcy?Through the legal process of bankruptcy, individuals or other entities that are unable to pay their creditors back can seek partial or complete relief from their debts. Bankruptcy is typically imposed by a court order that is frequently requested by the debtor. An organization files for bankruptcy when it is unable to pay its creditors or honor its financial commitments.
Bankruptcies are seen negatively by prospective lenders and are recorded as bad information on your credit report. If creditors discover a bankruptcy on your credit report, they can opt not to grant you credit or, if they do, they might do so with more expensive interest rates and unfavorable terms.
Your credit scores may suffer if you declare bankruptcy. Hence, the appropriate response is option D.
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How does the targeting process in entrepreneurship differ from the targeting process in traditional marketing
Targeting process in entrepreneurship differ from traditional marketing because the entrepreneurs begin the process with the idea for a new product.
Targeting process refers to process of breaking-down a market into segments to facilitate concentration of marketing efforts on target segments.
An entrepreneur will first seek to come up with a product idea in the targeting process whereas the marketer will seek to identify the market segment to concentrate on.In conclusion, the targeting process in entrepreneurship differ from traditional marketing because the entrepreneurs begin the process with the idea for a new product.
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Poppy most likely qualified for a zero interest auto loan because:
A. her credit-to-debt ratio is very high.
B. her credit-to-debt ratio is very low.
C. she applied during a special auto sale.
D. her credit card balance exceeds her current car loan payment.
Answer:
her credits to debt ratio is very low
Poppy most likely to be qualified for a zero interest auto loan because her credit to debt ratio is very low Option(b) is correct.
What is credit to debt ratio?Credit to debt ratio denotes the amount actually owed for revolving credit accounts as merely compared to the value of the credit available to you.
A good credit to debt ratio percentage should be below 30% always as considered which is actually for overall ratio and for a zero interest auto loan means credit to debt ratio is very low.
Therefore Option(b) is correct.
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48. Although SellSmart brings together buyers and sellers and helps negotiate exchanges, it does not actually take title to any of the goods being traded
SellSmart would be classified as an agent or broker.
True or False
Since SellSmart brings together buyers and sellers and helps negotiate exchanges, it does not actually take title to any of the goods being traded, it's an agent or broker. Therefore, it's true.
It should be noted that an agent is an individual that's licensed to sell property while a broker is an individual that's licensed to own their own real estate firm.
An agent or broker brings the buyer and the seller together and helps in negotiating a sale but doesn't take title to goods. Since SellSmart performs this function, it's an agent or broker.
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what steps must countries take to transition to a mixed-market economy?
Answer:
The steps that contries must take to transition to a mixed-market economy is by first establishing a fair labor market, discouraging all foreign investment and opening up trade to other countries.
Identify four (4) different types of credit (purposes)
Answer:Revolving Credit. Charge Cards. Installment Credit. Non-Installment or Service Credit
Which statement explains a reason why the United States relies more heavily on expensive, high-tech medical treatments as compared to European countries
The main reason why the U.S. relies more on this is because the its health care costs are paid from a mixture of sources which leaves no single source primarily responsible for controlling health care costs.
In Europe, the countries does not rely more heavily on expensive and high-tech medical treatments as United States does.
In conclusion, the main reason why the U.S. relies more on this is because the its health care costs are paid from a mixture of sources which leaves no single source primarily responsible for controlling health care costs.
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The curve most economists use to follow the relationship between the interest rates and bonds' time to maturity is the:
According to recent research, 91 percent of businesses with 11 or more employees and 50 percent of those with 10 or fewer employees said they had a CRM system already in place, which represents impressive growth in usage over previous years.
Differentiate between equity financing and debt financing?
Answer:
When a business wants to obtain cash, it has two options for financing: equity financing and debt financing. Equity financing is the most common kind of financing accessible to companies. Debt financing refers to the borrowing of money, while equity financing refers to the sale of a piece of the company's stock.
Explanation:
Hope it helps:)
Mr. Forest, a single taxpayer, recognized a $252,000 loss on the sale of Section 1244 stock. What is the character of this loss
Based on current tax laws, the character of this loss is $50,000 ordinary loss and $202,000 capital loss.
Tax laws stipulate that when it comes to losses from section 1244 stock, $50,000 is the maximum that can be stipulated for losses to a single person with the rest being treated as capital loss.
This means that $50,000 will be stipulated as ordinary losses here and the capital loss will be:
= 252,000 - 50,000
= $202,000
In conclusion, $50,000 is ordinary loss and $202,000 is capital loss.
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the graph shows the curves facing a profit maximizing monopolistic competitor. label each curve with the appropriate term.
A monopoly is a market situation in which a good or service is offered by only one company. The existence of a monopoly presupposes that there are no other exchangeable products on the market for buyers.
The conditions that can cause the creation of a monopoly are many: state legislation that prohibits other companies from operating in a market, the overwhelming superiority of a company over its competitors, the neutralization of rivals with appropriate strategies by the monopoly company, and special market characteristics that allow profitably running just one business, between others.
The monopoly company has the ability to influence the quantity or price of a good, as it wants, since it can and does control the market.
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An analyst who wants to compare two companies based on their income statement information should prepare a _____ income statement.
Answer:
Classified (Or Multi-Step) Income Statement
Explanation:
A Classified Income Statement states the income a company has made in a certain time frame, including revenue, expenses, and profits of an organization or company.
An analyst who wants to compare two companies based on their income statement information should prepare a Classified (Or Multi-Step) Income Statement.
What is a Statement?A statement, like "Pizza is tasty," is a declaration that something is true. In the fields of law, banking, and government, there are more types of statements. Every statement makes a claim or a point. If you see an accident, you have to tell the police what you observed in a statement.
Positive assertions are objective, as is positive reasoning more generally. They can be tested as a result. These can be divided into two groups. One is a claim, such as "a decline in GDP results in an increase.
Unemployment." By examining the GDP and unemployment statistics, this argument can be objectively tested. The second type is a factual remark, such as "It's raining" or "Microsoft is the world's largest manufacturer of computer operating systems."
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Select the correct answer.
Mark works as an operations manager in a manufacturing firm. Mark is very particular about the new employees that the company plans to hire, especially because the business needs skilled workers to use new machinery. Which management function is Mark carrying out to maximize his company’s operations in the future?
A. staffing
B. controlling
C. planning
D. organizing
Answer:
Explanation:
I'd say controlling
It could be staffing tho i don't know
Answer:
A) Staffing
Explanation:
Took test
Many online stream services allow customers to use their service of limited for 30 days. This strategy tries to increase the diffusion of a new format of using the service through increasing ________.
Answer:
trialability
Explanation:
trialability is the strategy used to try to increase the diffusion of new format using the service
The _____ established a minimum wage and overtime pay for employees working more than 40 hours a week.
According to the historical and information record, the Fair Labor Standards Act of 1938 established a minimum wage and overtime pay for employees working more than 40 hours a week.
Fair Labor Standards Act of 1938 was made to improve the working conditions of employees and also protect their rights against exploring employers.
The Fair Labor Standards Act of 1938 established standards on minimum wage, working hours, and oppressive child labor.
Hence, in this case, it is concluded that the correct answer is the "Fair Labor Standards Act of 1938."
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The _____ must be prepared by the condominium owners association no more than 3 months prior to the date the completed certificate is delivered to the buyer.(a) Condominium Resale Certificate(b) Loan Assumption Addendum(c) Certificate of Reasonable Value(d) Title Commitment Letter
Many of the meetings in which office workers are involved are informal, small group meetings
Answer:
false
Explanation:
office meetings are always formal because this is a serious meeting. Every worker is also involved. You can tell by the way they dress the meeting and the way they speak is formal.
bank of america’s provides information such as its interest expense, or the interest the bank paid depositors, and its interest income, or the interest it earned by investing deposits over a period of time. this document also states the bank’s other revenues and expenses for the time period.
The information such as interest expense, the interest that the bank paid depositors, interest income, etc illustrates the income statement
Income statement simply means a financial statement that shows the income and the expenditure of a company.
An income statement is also vital as it shows a business how profitable it was for a particular period. The information provided by the bank such as its interest expense, or the interest the bank paid depositors shows the income statement.
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If an economic crisis were to occur that caused a significant decline in the projected tax revenue for the biennium, the state legislature would likely deal with the shortfall by taking which steps
If a country is going through financial difficulty, there are several steps they can take including:
Reducing spending Delaying interest payments Using cash reservesIf a country sees that its taxes will not be enough to cover its obligations, it can reduce the amount it spends on goods and services so as to reduce its obligations.
Country can also increase the time taken to pay off debts so that they can divert cash to needed areas whilst waiting for things to be better.
Country can use cash reserves that it accumulated in one form or the other to weather the storm of reduced taxes.
In conclusion, the government can deal with tax shortage in several ways.
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