Answer:
$341,000
Explanation:
Calculation to determine what the value of the inventory reported on the balance sheet would be
Inventory value=$112000+ 76000+153000
Inventory value=$341,000
Therefore If Swifty applies the LCNRV basis, the value of the inventory reported on the balance sheet would be $341,000
Concord Company sells merchandise on account for $3300 to Pharoah Company with credit terms of 1/10, n/30. Pharoah Company returns $800 of merchandise that was damaged, along with a check to settle the account within the discount period. What entry does Concord Company make upon receipt of the check
Answer:
Dr Cash $825
Cr Sales Returns and Allowances $800
Cr Sales Discounts $25
Explanation:
Preparation of the journal entry that Concord Company make upon receipt of the check
Dr Cash $825
($800+$25)
Cr Sales Returns and Allowances $800
Cr Sales Discounts $25
(To record receipt of the check)
Sales discount=(Sales Price -Sales return) × 1%
Sales discount=($3300 - $800) × 1% = $25
''if there are diminishing returns, the marginal cost curve must be positively sloped '' is true or fall, why?
Answer to the following question is TRUE.
The given statement "If average cost rises, marginal cost should rise" is correct.
This is because, according to theory, as the estimated price of an item rises, the marginal cost rises more than that rise. And, as the illustration of these two curves shows, when Average Cost grows, so does Marginal Cost.Learn more:
https://brainly.com/question/7781429?referrer=searchResults
Beyond just money, the economy is about Question 10 options: the people who are most important to an individual's sense of self. the production, distribution, and consumption of goods and services. encouraging cooperation over competition. rituals and beliefs that divide the world into the sacred and the profane.
The economy is about "the production, distribution, and consumption of goods and services" also along with money.
The key components of the economy are:
Production.DistributionConsumption.These three elements drive the flow of money within an economy. Let's see:
The goods are produced as per the needs and demands of the people where people work to earn wages, salaries, profit, etc.This stage is followed by the distribution of these goods across different regions and areas. Lastly, these goods are purchased by their final users for consumption and their income earned from firms return to them again(circular flow of income).Therefore, option B states a true claim about the elements of an economy.
Learn more about 'Economy' here: brainly.com/question/2421251
Although Kemal attempted to create a strong Turkish economy, how did his policies only add to the international global depression? a. Kemal tried to discourage Turks from buying foreign goods. b. High tariffs on imported goods only hurt other nations involved in the global depression. c. Goods from Europe and American were banned in Turkey. d. Government subsidies kept Turkish goods cheap in the nation and discouraged foreign imports. e. Kemal tried to create a totally domestic solution to the economic problems.
Answer:
b. High tariffs on imported goods only hurt other nations involved in the global depression
Explanation:
Although Kemal attempted to create a strong Turkish economy, his policies only add to the international global depression due to the placement of "High tariffs on imported goods."
Kemal who was once the President of the new Turkey from the old Ottoman Empire had series of reforms including economic policies that favor internal production and discourage reliance on importation. However, his administration was around the global depression period, and his policies of high tariffs on imported goods only hurt other nations involved in the global depression.
amount of tax, TTT, in dollars to be paid by an individual with an income of III between 8{,}2258,2258, comma, 225 and 34{,}50034,50034, comma, 500 dollars is given by the equation above. Tax is paid from the portion of income above 8{,}2258,2258, comma, 225 dollars and the remaining amount becomes a part of disposable income. What percentage of income above 8{,}2258,2258, comma, 225 dollars remains after paying tax for an individual whose income falls within the specified range
Answer:
[tex]Amount = 87.5\%[/tex]
Explanation:
Given
[tex]T =0.125(I - 8225)[/tex]
Range = 8225 to 34500
See comment for proper format
Required
The percentage left after tax paid for individual in the above range
[tex]T =0.125(I - 8225)[/tex]
Rewrite as:
[tex]T = 12.5\% (I - 8225)[/tex]
The 12.5% implies that individuals in that income range pay 12.5% of the income.
So, the amount left is:
[tex]Amount = 100\% - 12.5\%[/tex]
[tex]Amount = 87.5\%[/tex]
For anything to be considered money it must be Group of answer choices either a commodity or a token, as long as it is generally accepted as a means of payment. a valuable commodity, such as gold. a token, such as a green piece of paper. used in barter transactions
Answer:
Either a commodity or a token, as long as it is generally accepted as a means of payment.
West Company had $375,000 of current assets and $150,000 of current liabilities before borrowing $75,000 from the bank with a 3-month note payable. What effect did the borrowing transaction have on West Company's current ratio? Select one: a. The change in the current ratio cannot be determined. b. The ratio decreased. c. The ratio increased. d. The ratio remained unchanged.
Answer:
b. The ratio decreased
Explanation:
The current ratio is a financial performance measure that compares current assets to current liabilities, hence, in ascertaining the impact of the short-term borrowing on the current ratio, we would compute the current ratio before and after having taken the short term loan as shown thus"
current ratio=current assets/current liabilities
Before borrowing:
current ratio=$375,000/$150,000
current ratio=2.50
After borrowing:
current ratio=$375,000/($150,000+$75000)
current ratio=1.67(it has declined from earlier 2.50 to 1.67)
Time Remaining 28 minutes 51 seconds00:28:51 Item 6 Time Remaining 28 minutes 51 seconds00:28:51 A high-level manager gathers his team of supervisors together to create a new office policy that will affect all employees at the company. After receiving a verbal okay from the supervisors, he then proceeds to pass around a written form of the new policy and asks all members of the team to initial it. He explains to the supervisors that the new policy will be posted in the break rooms on each floor of corporate headquarters. If you were a part of this work team, which question would you ultimately ask yourself before initialing your approval of this policy?
Answer: How will it make me feel about myself?
Explanation:
The options to the question include:
A. Is it legal?
B. Is it balanced?
C. How will it make me feel about myself?
D. Is it a lose-lose situation?
If I were a part of this work team, the question that I would ask myself before initialing the approval of this policy is that "how will this make me feel about myself?"
In this case, I'll need to know the impact of the policy and his I could be affected by it if I initial it and how I'll eventually feel about it.
An attorney participated in a program sponsored by a nonprofit association to provide representation at no cost to low-income individuals involved in tax disputes with the Internal Revenue Service (IRS). The attorney, who initially lacked the expertise necessary to properly represent such individuals, attended classes sponsored by an organization through which she gained sufficient knowledge of the tax law to competently represent such individuals. After satisfactorily representing several individuals referred to the attorney by the organization, the attorney learned from a friend about a store clerk with limited means who was involved in a dispute with the IRS regarding a previously claimed earned income tax credit. The attorney made a phone call to the store clerk, with whom she had had no previous contact either professionally or personally, and offered to represent the store clerk without charge in her tax dispute with the IRS. Was the attorney subject to discipline for making the phone call
No, the attorney is not subject to discipline.
Within legal parlance, when a person becomes subject to discipline, it means that he or she has been found guilty of breaking the rules, guidelines, or regulations of the profession and could be punished or disciplined as a result.
In the question above, the attorney had not only attended classes/training required to enable them to provide legal representation to clients who have dispute issues with the Internal Revenue Service (IRS) but had also satisfactorily represented such clients.
In other words, he holds both the foundational training in law, the specialist training in IRS matters, and the experience required to represent the store clerk.
It is also constitutional for the state to provide pro-bono legal representation to those who could not afford it.
The attorney, therefore, was not subject to discipline.
Learn more about legal representation here:
https://brainly.com/question/12660112
what are the main roles of the management department in an organization. give 5
Answer:
At the most fundamental level, management is a discipline that consists of a set of five general functions: planning, organizing, staffing, leading and controlling. These five functions are part of a body of practices and theories on how to be a successful manager.
hope it helps
please mark Brainliest
The optimal portfolio for an individual investor is represented by the point that lies on the Question 7 options: lowest possible utility curve and connects to the efficient frontier. utility curve which is just tangent to the right side of the feasible set of risk-return options. utility curve which is just tangent to the efficient frontier. utility curve which represents the highest possible rate of return within the feasible set of risk-return options.
Answer:
Utility curve which is just tangent to the efficient frontier.
Explanation:
The optimal portfolio of the investor is the maximum gain for the maximum risk. If risk factor is increased beyond optimal level it does not necessarily means that returns will also increase. Efficient frontier is curved because there is diminishing marginal utility to risk. For every additional unit of risk added into the portfolio gains a smaller amount of return.
The practitioner completes an incision and drainage of a patient's infected right heel, which tested positive for MRSA. What statement is true regarding how the perioperative team should perform postoperative cleaning after this patient leaves the OR?
Answer:
after the patient leave
Economic profit is defined as _____ Question 17 options: a) total revenue plus what must be paid to resources to attract them from their best alternative use. b) total revenue divided by what must be paid to resources to attract them from their best alternative use. c) the price of the goods sold minus the quantity of goods sold. d) total revenue minus what must be paid to resources to attract them from their best alternative use. e) total revenue minus the cost of the goods produced.
Answer:
d) total revenue minus what must be paid to resources to attract them from their best alternative use.
Explanation:
In Financial accounting, the total operating income can be defined as the sum total of the profit of a business firm (company) after its regular, recurring costs and expenses have been deducted. Thus, it's the amount of revenue generated by a business firm (company) after subtracting all operating expenses and cost of goods sold (COGS).
Mathematically, the total operating income of a business is calculated by subtracting the indirect expenses incurred by the business firm from its total direct operating margin.
On a related note, profit is calculated by subtracting the cost price of an item from the selling price of the item. Thus, a profit is generated when the operating costs are subtracted from the total revenue generated.
In conclusion, economic profit is defined as total revenue minus what must be paid to resources to attract them from their best alternative use.
What is the first step in the standard purchasing process practiced by most
companies?
A. Solicit bids
B. Requisition
C. Invoicing
D. Purchase order
Answer:
B. requisition
Explanation:
i have done this before, hope i helped
Use the following list of factors that are related to the aggregate demand curve to answer the next question. 1) Real-Balances Effect 2) Household Expectations 3) Interest-Rate Effect 4) Personal Income Tax Rates 5) Profit Expectations 6) National Income Abroad 7) Government Spending 8) Foreign Purchases Effect 9) Exchange Rates 10) Degree of Excess Capacity Which of the above factors best explain the downward slope of aggregate demand curve?
Answer:
The answer is "1,3 and 8".
Explanation:
The effect of changes in the real value of financial assets on aggregate demand; So, as the cost of goods and services goes up, so too does the real purchasing power of money people have on hand. Such improvements should encourage people to save even more and spend less. Whenever a shift in the price level in one country leads to many other countries buying more of the country's goods, the foreign purchasing effect is in play. Dies lead to an increase in the net exports (and hence the actual GDP), therefore the effects of true and foreign purchases upon economic growth are depicted as a declining curve.
what is business ? please tell us
Answer:
Noun, a person's regular occupation, profession, or trade.
Explanation:
causes of corruption?
Answer:
Personal greed, Decline of personal ethical sensitivity, the size and structure of governments, economic freedom/openness of economy, Cultural environments that condone corruption, Lack of transparency, Slow judicial processes, etc.
Explanation:
Answer:
MAIN CAUSE OF CORRUPTION ATE
1)GREATER NUMBER OF POPULATION.
2) WEAKNESS OF THE SOCIETY
3) THERE BE LESS AWARNESS.
4)SELF DESTRUCTIVE MINDED PERSON.
5) MAKING MUCH RICH AND LIVING COMFORTABLE
describe your management experience , including a time you effectively resolved a difficult situation from a management capacity
Answer:
I managed workers of seven in the associate degree info Services department whose responsibilities enclosed delivering specifications and software package to internal purchasers. My role was that of PM or Project Manager, and my responsibilities enclosed one. guaranteeing every staffer was alert to their specific duties, 2. maintained the relevant timelines and ensured every team-member's deliverables arrived on time, 3. arranged, coordinated, and crystal rectifier conferences to debate current and approaching come, and 4. maintained knowledgeable and cozy social atmosphere for my workers.
One of the tougher problems I Janus-faced was after we employed a very bright developer whose my leader had W2'd in from the Asian nation. though he was very precocious in development of the cultural variations between his land and our mostly-female dev team quickly became telling. Sensing the growing hostility in my work cluster, and distinctive the problem, I quietly organized for the W2 worker to attend a cultural sensitivity coaching seminar (couching it as a necessary attend for all employees), and taking aside the pained parties and asking in a well-mannered way to figure with Maine on desegregation him. In the end, he came to a lot of embarrassed, apologized, and our team ran like mechanism thenceforth
Which school faculty member should you talk to about enrolling in an AP
course?
Answer: The guidance counselor
Explanation:
Social worker is someone who helps people cope with the challenges tahtnthwy face in their lives. Social workers work with people who have addiction issues, people with disabilities, children etc.
A paraprofessional refers to someone who's specially trained to support students in school. Such oeeosn can be a teaching assistant, special education paraprofessional etc.
A registrar is the keeper of records in an educational institution whinis charged with the responsibility of registering students, and keeping their academic records.
The guidance counselor is a professional who provides career, academic, and social-emotional competencies to the students in a schoool through counseling. Such person is the faculty member smtaht you should talk to about enrolling in an AP.
course?
Politicians often argue for tariff increases in order to reduce the nation's dependence on imports. If tariffs are increased, the long-run effect is most likely to be: an increase in American imports, and a decrease in American exports. an decrease in American imports, and an increase in American exports. an increase in both American imports and exports. a decrease in both American imports and exports.
Answer:
a decrease in both American imports and exports.
Explanation:
Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.
Basically, trade can be categorized into two (2) main groups and these are;
I. Import: this involves bringing in goods from a foreign country to sell in a different (domestic) country.
II. Export: it involves the sales of goods produced in a domestic country to a foreign country.
Some examples of trade barriers are import license, quotas, subsidies, embargo, currency devaluation, local content requirements, tariffs, etc.
A tariff can be defined as tax levied by the government of a country on goods and services imported from another country.
A tariff increase usually reduce the nation's dependence on imports.
Hence, if tariffs are increased, the long-run effect is most likely to be a decrease in both American imports and exports.
MC Qu. 05 Within the marketing concept, a service... Within the marketing concept, a service orientation is an integrated organizational effort that revolves around Multiple Choice finding out what consumers want and providing it for them. making goods and services that will earn the most profit. training employees to sell services in unique ways. making sure customers are satisfied.
Answer:
making sure customers are satisfied.
Explanation:
A service can be defined as a collection of intangible goods that are being offered by a service provider to the end user in order to meet their needs or requirements. Thus, it is any intangible offering that involves a deed, performance, or effort that cannot be physically possessed by the service takers.
Marketing can be defined as the process of developing promotional techniques and sales strategies by a business firm, so as to enhance the availability of goods and services to meet the unending requirements, needs or wants of the end users or consumers through advertising and market research. Thus, it comprises all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers.
On a related note, it typically involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.
Within the marketing concept, a service orientation is an integrated organizational effort that revolves around making sure customers are satisfied.
Purge Purifying Systems, which manufactures filtration systems for industries, has entered into a U. S. $50 million deal with Fabon Fabrics Incorporated During a negotiating session, Alex, a member of the sales team reacted, "Who are you trying to kid? You need our company's filtration systems to maintain your product quality. You have to pay an extra $20 per system and just cut costs somewhere else." Monroe, the team leader of the sales team interrupted him and said, "Now wait a minute. These are our friends you are talking to. How about we only charge $10 extra per system and split the shipping charges equally? Does that not sound fair?" Identify the win-lose strategy adopted by the sales team of Purge Purifying Systems.
Answer: good guy-bad guy routine
Explanation:
The win-lose strategy that is adopted by the sales team of Purge Purifying Systems is the Good Guy/Bad Guy technique.
The Good Guy-Bad Guy routine refers to a strategy whereby while one person pretends to be on the side of the customer and helps make a deal, the other one doesn't and makes negotiation difficult. The idea behind this is for the prospect or the customer to accept the deal of the good guy. This is the strategy used by Alex and Monroe.
An unlevered firm has a cost of capital of 12.46 percent and a tax rate of 35 percent. The firm is considering a new capital structure with 35 percent debt. The interest rate on the debt would be 6.68 percent. What would be the firm's levered cost of
Answer:
Firm's levered cost of capital = 14.48% (Approx.)
Explanation:
Given:
Cost of capital = 12.46 percent = 0.1246
Tax rate = 35 percent = 35%
New capital structure = 35 percent debt = 35%
Interest rate = 6.68 percent = 0.0668
Find:
Firm's levered cost of capital
Computation:
Firm's levered cost of capital = 0.1246 + [35% / (1 - 35%)](1 - 35%)(0.1246 - 0.0668)
Firm's levered cost of capital = 0.1448
Firm's levered cost of capital = 14.48% (Approx.)
Suppose that Paolo divorces Sharon and leaves the family without paying alimony or child support. Sharon must now support her two children alone,
so she begins working full time and earns a total of $16,000. Are Sharon and her children living in poverty?
O Yes
O no
Answer:
yes, based on chart and the number of children. her income level is well bow poverty. if you multiple the number in household under 65 related the income level should be well above 16000
Give four future of labour
MARK "BRIANLIEST!"
1. Government. Government holds much sway over the free markets. ...
2. International Transactions. The flow of funds between countries effects the strength of a country's economy and its currency.
3. Speculation and Expectation.
4. Supply and Demand.
MARK "BRIANLIEST!"
Failure to accrue interest expense results in A. an overstatement of net income and an understatement of liabilities. B. an understatement of net income and an overstatement of liabilities. C. an overstatement of net income and an overstatement of liabilities. D. an understatement of net income and an understatement of liabilities.
Answer:
A. an overstatement of net income and an understatement of liabilities.
Explanation:
Failure to accrue interest expense results in understating net income and overstating liabilities. Therefore, option B is correct.
When a company fails to accrue interest expense, it means that it has not recognized the interest obligations it owes on its liabilities. This omission leads to an understatement of net income, as interest expense is a necessary cost that should be recognized in the income statement.
Additionally, it results in an overstatement of liabilities, as the company has not properly accounted for the outstanding interest obligations.
By neglecting to accrue interest expense, the company misrepresents its financial position, potentially leading to distorted profitability figures and a misrepresentation of its debt obligations.
Therefore, option B is correct.
Learn more about liabilities here:
https://brainly.com/question/28390339
#SPJ6
Zupiter Corp. follows a culture that requires strict adherence to rules and regulations with fixed time schedules for daily activities. The firm is highly efficient and places emphasis on being economical. It conducts its business in a methodical manner. In the given scenario, Zupiter Corp. is said to have the
Answer:
consistency corporate culture.
Explanation:
Since in the situation it is given that the corporation follows the culture that means they are strict to the rule and regulations along with the time scheduling that are fixed for day to day activities so that the business could be conducted in the methodical manner so here we can say that the culture of the corporate is consistent that means it is same as before and the same should be applied in near future
HELP IN BUSINESSS!!!! An economy produces two goods, x and y. A year ago the price of x was $4 and the price of y was $6. Today the price of x is $8 and the price of y is $10. What happened to the nominal and the real value of good x? What happened to the nominal and real value of good y?
Answer:
Since an economy produces two goods, X and Y, already a year ago the price of X was $ 4 and the price of Y was $ 6, while today the price of X is $ 8 and the price of Y is $ 10, what happened did not it is something other than an inflationary process, by which the values of goods have increased their value, both nominal and real, that is, both in monetary terms and in terms of the purchasing power of the individuals who develop in said economy.
Thus, good X went from being worth $ 4 to $ 8, which implies a change in nominal terms of $ 4, and in real terms an inflation of 100% year-on-year (8 x 100/4 - 100).
On the other hand, good Y went from being worth $ 6 to $ 10, with which nominally it also increased $ 4, but in real terms there was an inflation of 66.6% (10 x 100/6 - 100).
Suppose the marginal cost curve in the short run first decreases, then reaches a minimum, and then increases. If we are at an output where marginal cost is increasing, then: Question 5 options: a) marginal product must be increasing. b) marginal product must be decreasing. c) average total cost must be increasing. d) average variable cost must be increasing.
Answer:
b) Marginal product must be decreasing.
Explanation:
b) Marginal product must be decreasing.
The relationship between the marginal product and the marginal cost is negative which means if the marginal cost increases then the marginal product must fall. If the marginal cost decreases then the marginal product must increase. Therefore, option "b" that states marginal product decreases is the correct answer.
Conducting a postaudit ______. Multiple select question. provides an opportunity to reinforce and possibly expand successful projects flags any manager's attempts to inflate benefits or downplay costs in a project proposal determines which capital project should be selected for investment provides an opportunity to cut losses on floundering projects
Answer:
not sure but we all need points
Answer:
Flags any manager's attempts to inflate benefits or downplay costs in a project proposal.
Provides an opportunity to cut losses on floundering projects.
Provided an opportunity to reinforce and possibly expand successful projects.
Explanation:
