transfer pricing is a system used only in assigning a price to a product or service transferred between two profit centers within a company.

Answers

Answer 1

The statement given is false. Transfer pricing is a system used only in assigning a price to a product or service transferred between two profit centers within a company.

A transfer price is the cost of a good or service that one division of an organisation charges to another division of the same organisation. The two sectors could be investment, cost, or profit centres. Transfer pricing is demonstrated, for instance, by allocating service department charges to production divisions that are organized as cost centers or investment centres.

For accounting purposes, a transfer price may be necessary to determine the transaction's costs when these businesses calculate their own profits. Therefore, transfer pricing is not only used for assigning profits.

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Related Questions

Equipment acquisitions that are misclassified as maintenance expenses most likely would be detected by an internal control activity that provides for
a) segregation of duties for employees in accounts payable department
b) independent verification of invoices for disbursements recorded as equipment acquisitions
c)investigation of variances within a formal budgeting system
d) authorization by the board of directors of significant equipment acquisitions

Answers

Internal control activity that provides for the investigation of variances within a formal budgeting system.

The budgeting system is what?

The President and Congress can select how much money to spend, what to spend it on, and how to raise the money they have decided to spend using the budget system of the United States Government.

What is internal control?

Internal control is a practice used by management, the board of directors, and other employees of a firm with the goal of providing a reasonable level of assurance that the data is accurate, timely, and reliable. of compliance with pertinent laws, regulations, rules, agreements, policies, and procedures.

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If you had an event on your website triggered by a user watching a video, which of these definitions could be considered an example event parameter? Name of a video watched on your site
The devices users are on when watching a video on your site
How many users opened the page containing a video on your site
How many users viewed a video on your site

Answers

The name of a video watched on your site would be considered an event parameter.

Explanation:

An event parameter is a piece of data that provides additional information about an event. In this case, the event is a user watching a video. The parameter would be the name of the video that the user watched.

In computing, a parameter is a special type of the variable used to store information that can be used to control the behavior of a program or system. A parameter is often used as an input to a program or system and can be used to change the output of the program or system. Parameters can be used to provide input to a system, modify the output, or modify the behavior of the system. For example, a program may have a parameter that is used to determine how many items should be displayed or a parameter that is used to control the speed of a game. Parameters can also be used to specify what type of data should be stored in a database, or how the data should be formatted for output. Parameters provide the flexibility to customize the behavior of a program or system, allowing users to tailor it to their specific needs.

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which of the following actions would decrease a firm's liquidity? group of answer choices reducing accounts receivable and buying bonds selling machinery and using proceeds to retire bonds selling bonds and holding proceeds in the cash account selling stock and reducing accounts payable

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Reducing accounts receivable and buying bonds reduces liquidity of  firm. Liquidity is company's ability to pay its short-term obligations and liabilities by converting assets into cash or obtaining cash through loans or bank deposits.

Why is corporate liquidity important?

The small business liquidity ratio shows potential investors and creditors that your business is stable, strong, and has enough assets to weather difficult times. Loans and loans help small businesses pay back creditors, buy inventory and maintain off-season payroll.

What is an example of liquidity?

Cash is considered the most liquid asset as it is readily available. Cash is bills, coins, or the balance in a checking or savings account. Cash is very useful for urgent needs and expenses such as: Daily expenses, rent, building an emergency fund.

How does liquidity work?

Liquidity is the ability of an asset to be sold or exchanged quickly without affecting its price.  A liquidity pool is a collection of digital assets that accumulate to enable trading on a decentralized exchange (DEX).

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Teams and sport organizations must establish objectives before developing and measuring social media marketing strategies True False

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True. Prior to creating and evaluating social media marketing strategies, teams and sports organizations must outline their objectives.

What are some of the duties performed by a sport marketer employed by social media?

A sports marketer may have a variety of tasks on their plate at any given time, including coordinating ad copy and media buying, media creation, meetings with merchandising teams, developing budgets, creating a social media calendar, planning events and initiatives, and providing innovative writing assistance for press releases.

Why are social media platforms useful to sports teams?

Sports fans can interact, respond, and feel more connected to the teams and athletes they love thanks to social media, which is a two-way interaction. Take a look at how sports fans are now utilizing social media: 41% of all sports enthusiasts in the world watch live games on digital media.

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Acme Manufacturing is considering a project that requires an investment in new equipment of $4,000,000, with an additional $200,000 in shipping and installation costs. Acme estimates that its accounts receivable and inventories need to increase by $800,000 to support the new project, some of which is financed by a $320,000 increase in spontaneous liabilities (AP and accruals).The total cost of acme's new equipment is _______ and consists of the price of the equipment plus the ____. In contrast, acme's initial investment outlay is ______.

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If Acme Manufacturing is considering a project that requires an investment in new equipment of $4,000,000, The total cost of acme's new equipment is $4,680,000 and consists of the price of the equipment plus the assets' installation, shipping, and delivery costs. In contrast, acme's initial investment outlay is $4,200,000.

How to find the total cost and the initial investment outlay?

a. Total cost

Using this formula to find the total cost

Total cost = New equipment + Additional shipping + ( Increase in account receivable - Increase in spontaneous liabilities)

Let plug in the formula

Total cost = $4,000,000 + $200,000 + ($800,000 - $320,000)

Total cost = $4,000,000 + $200,000 + $480,000

Total cost = $4,680,000

b. Initial investment outlay

Initial investment outlay = $4,000,000 + $200,000

Initial investment outlay = $4,200,000

Therefore the total cost of acme's new equipment is $4,680,000  and the acme's initial investment outlay is $4,200,000.

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Attractive industries have all of the following except:
a) high supplier power
b) low buyer power
c) high entry barriers
d) low rivalry

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A strong supplier base A high degree of supplier power would enable suppliers to increase their share of industry value.

What causes supplier power to grow?

If the customer is not price sensitive and is not knowledgeable about the product, the supplier has a lot of power. High supplier bargaining power results from the provider's highly differentiating product. If the buyer does not account for a sizable amount of the supplier's sales, the supplier has strong negotiating power.

What does a low supply power level mean?

Low supplier power, as determined by the Porter's Five Forces analysis of supplier power, boosts the buyer's profit potential and improves the attractiveness of an industry. High supplier power, on the other hand, detracts from an industry's appeal and lowers the buyer's potential for profit.

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If a firm in a perfectly competitive industry is confronted with an equilibrium price of $5.00, its marginal revenue
A. may be either greater or less than $5.00.
B. will also be $5.00.
C. will be less than $5.00.
D. will be greater than $5.00.

Answers

If a perfectly competitive industry firm is confronted with an equilibrium price of $5.00, its marginal revenue will also be $5.00.

In a perfectly competitive market, firms are price takers, meaning they have no control over the price of the product they are selling. In a PC perfectly competitive market, a firm's revenue from selling the final unit of a manufactured good is known as the marginal revenue  (MR). When an extra or additional unit is sold, it increases the company's overall revenue or the total revenue (TR), the total amount collected by selling a fixed quantity of the manufactured good.

Therefore,

TR = Total sales revenue from selling a given quantity = P × Q

Now, by the definition, MR = differentiation of TR with respect to Q

So,

Differentiation of TR (where TR = P × Q) with respect to Q is equal to product price P.

In the question, It is given that a firm's product price at equilibrium in a PC industry = $5.00

Therefore,

MR of the firm = P = $5.00

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which of the following forecasted characteristics are usually required for multinational capital budgeting? check all that apply. A.Salvage value B.Tax laws C.Price and consumer demand D.Remitted funds

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The forecasted characteristics that are usually required for multinational capital budgeting are:

A.Salvage valueB.Tax lawsC.Price and consumer demandD.Remitted funds.

What is a Multinational Capital Budgeting?

In business, this Capital Budgeting refers to the decision-making process wherein the financial managers evaluate long-term projects based on foreign lands worthy of investment. These multinational companies aspire to invest outside their geographical boundaries because they want to make the best use of their valuable resources.

These parent companies do invest in capital assets or projects in foreign countries. In addition, they also set up their production units in economic locations. These companies are concerned about the potential cash inflow and outflow generated from investments and helps them in finding the most profitable investment among various options.

In conclusion, for evaluation, the company managers make use of capital budgeting techniques which includes the estimation of Annual Cash Flows and Salvage Value.

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TRUE/FALSE. ensure maximum return for its investment, the process and procedures for selling scrap and surplus must cover a broad range of activities including segregation and storage, weighing and measuring, delivery, negotiation, supplier selection, and payment.

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True. Ensure maximum return for its investment, the process and procedures for selling scrap and surplus must cover a broad range of activities including segregation and storage, weighing and measuring, delivery, negotiation, supplier selection, and payment.

What is meant by return on investment?

The profit you realize from your investments is the return. The ratio of net profit to the entire cost of the investment is how ROI is typically defined. When ROI is used to determine the benefits and monetary returns of your investment, it is most helpful to your business goals when it pertains to something specific and measurable.

Return on investment (ROI) is a performance metric used to assess an investment's effectiveness or profitability or to compare the effectiveness of several investments. ROI aims to quantify the amount of return on a specific investment in relation to the cost of the investment.

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in order to avoid losing public support, president nixon informed the american people of his decision to begin bombing cambodia before launching the bombings

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On April 30, 1970, President Richard Nixon informed the American people of his decision to begin bombing Cambodia in order to disrupt the supply routes of North Vietnamese forces.

In making this announcement, Nixon sought to avoid losing public support for the Vietnam War. He wanted to ensure that the American people were fully informed of the actions he was taking in the war effort. Nixon argued that the Cambodian bombings would help to protect the lives of American soldiers and those of South Vietnam. He also warned that failure to take this action would result in an increased risk of the conflict spreading to other countries in the region. Nixon was keenly aware that the public had grown increasingly war-weary over the course of the Vietnam War, and he wanted to ensure that his decision to bomb Cambodia would not further erode public support for the war effort.

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because interest expense is tax deductible, levered firms can benefit from the: multiple choice tax shield from debt. depreciable basis. financing umbrella. current yield.

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Because interest expense is tax deductible, leverage increases the total amount of income available to all investors. Levered businesses may profit from the tax break for debt.

What Is Tax Deductible Interest?

A taxpayer may deduct interest paid on loans from their taxable income on their federal or state tax return. Mortgage interest for both first and second (home equity) mortgages, mortgage interest for investment properties, student loan interest, and the interest on various company loans, including business credit cards, are examples of interest types that are tax deductible.

Personal interest on vehicle loans, credit card, and other consumer finance products are not tax deductible.

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Business writing should be purposeful, persuasive, economical, and

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Pre-writing, drafting, and the final revising stage, which includes editing and proofreading, are the three steps that make up the Business writing process.

What are the three steps in the process of writing a business document?

The business message is written in three steps: planning, writing, and finishing. Planning include assessing the situation, acquiring data, deciding on the most effective delivery method for your message, and arranging the data.

Choose the best answer for "What are the three steps in the business writing process?"

The phases of business writing frequently cross over. - The planning, writing, and evaluating phases are the three components of successful business writing.

Question: Business writing should be purposeful, economical, and ____. audience oriented. What are the three phases of the writing process?

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ethan is a salesperson for an industrial equipment manufacturer. once a prospect becomes a new customer, ethan looks for ways to improve the services provided by his company and engages in regular follow-up activities to convert the new customer into a loyal customer. in the context of relationship enhancers, ethan is engaged in .

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Ethan seems for methods to enhance the goods and offerings that his enterprise offers for them to be able to convert a brand new client into a devoted client. In different words, Ethan seems for methods to: upload value.

The required details for customer in given paragraph

In sales, commerce, and economics, a client (occasionally referred to as a client, buyer, or purchaser) is the recipient of a good, service, product or an idea - acquired from a seller, vendor, or supplier through a economic transaction or exchange for money or a few different valuable consideration. A client might also additionally or might not additionally be a client, however the notions are distinct. A client purchases items; a client uses them. An remaining client might also additionally be a client as well, however simply as similarly might also additionally have bought gadgets for a person else to consume. An intermediate client isn't a client at all. The state of affairs is extremely complex in that remaining clients of so-known as commercial items and offerings (who're entities including authorities bodies, manufacturers, and academic and clinical institutions) both themselves dissipate the products and offerings that they purchase, or include them into different completed products, and so are technically consumers, too.

However, they may be hardly ever known as that, however are as an alternative known as commercial clients or enterprise-to-enterprise clients.

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arguments for the activist approach toward social responsibility of organizations include that it is management's responsibility to earn profits for owners, that potential conflicts of interest occur when managers must meet profit goals and simultaneously enhance social welfare, and that businesses lack the expertise to manage social problems.

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Corporate social responsibility (CSR), also referred to as social responsibility in business, is the practice of individuals and organizations acting morally and conducting business while being mindful of social, cultural, economic, and environmental concerns.

Explanation:An organization's social obligations are those duties that the organization owes to society.

When a company participates in social activities, such as the Walk for Life, awards scholarships, hosts sporting events, and many others, it just raises public knowledge of the company; it does not give the company any new authority over the general populace or another company. Instead, it improved the quality of the participants' lives. Therefore, the notion that commercial involvement in social initiatives results in an overabundance of power cannot be used to discredit social organizations.

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it is fairly simple to prevent contingent workers from passing on corporate processes and strategies to subsequent employers. t/f

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It is false that it is fairly simple to prevent contingent workers from passing on corporate processes and strategies to subsequent employers.

Labor that is contingent, casual, or contract-based is seen as temporary employment because it often involves part-time work with fluctuating hours and offers little job security. Freelancers frequently report wages higher than their old formal positions, despite having less work security.

Other names for contingent workers include consultants, freelancers, independent professionals, temporary contract workers, or temps.

The atypical workforce includes "many job holders, contingent and part-time workers, and persons in alternative work arrangements," according to the US Bureau of Labor Statistics (BLS).

Currently, a sizeable component of the US workforce consists of these workers, and "almost four out of five employers, in establishments of all kinds and industries, use some type of nontraditional staffing," according to the study.

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Which of the following is a typical amount of petty cash a small business would want to keep on hand

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Small businesses keep between $100 and $200 in petty cash to pay for unexpected expenses.

What do you mean by Petty cash?

Petty cash is the amount any business or company keeps on hand to make purchases, small payments, and reimbursements.

Petty cash is an amount stored in a petty cash drawer, where it is most needed. A separate accounting system is used to track petty cash transactions. The maximum amount of cash held by a department or office to pay for incidental expenses will not exceed $500.

There are two types of petty cash books:

1. Imprest petty cash book.

2. Columnar or Analytical petty cash book.

Therefore, A typical amount of petty cash a small business would want to keep on hand is between $100 and $200.

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In the context of affirmative action, opponents have raised concerns that giving preferential treatment to minority groups amounts to:
A) reverse discrimination against groups who do not get the same benefits.
B) adherence to the principle that all individuals are equal under the law.
C) a decrease in the educational opportunities provided to the minority groups.
D) giving equal importance to all individuals irrespective of their race or gender.

Answers

Bank assets, primarily bonds, loans, and leases, whose values are sensitive to fluctuations in interest rates; these assets are either repriced or revalued when interest rates fluctuate. Thus, the correct option is (A) reverse discrimination against groups who do not get the same benefits.

What is the difference between loans, and leases?

Loan: Typically, rates are variable and dependent on the Prime Rate or another index, such as LIBOR. The monthly payout varies with the index. This is advantageous when interest rates are decreasing and unfavorable when interest rates are rising.

Lease: Unless the lease specifies otherwise, payments are usually fixed for the period of the lease. Constant payments make planning and cash flow management much easier.

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In long-run equilibrium in a competitive market, firms are operating at a. the minimum of their average-total-cost curves. b. the intersection of marginal cost and marginal revenue. c. their efficient scale.
d. zero economic profit. e. all of the above.

Answers

In long-run equilibrium in a competitive market, firms are operating at:           e. all of the above

What is competitive market?

A competitive market is market where there are a huge number of sellers and buyers where no individual buyer or seller can affect the price of goods being sold. A competitive market can occasionally be called perfect competition. In a competitive market, no one leads the market and there isn't a difference in quality, price or amount between the rival companies and what they offer.

One of the most important things to learn about competitive markets is the fact that they are theoretical and not actual fact. There are markets that has one of the requirements and characteristics of competitive market, or perfect competition, but still nothing actually fits them all.

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Consider the area between the line of perfect income equality and the Lorenz curve. In country A this area is larger than in country B. It follows that??????
the bottom 20 percent income group receives a lower percentage of total income in country A than in country B.
the bottom 20 percent income group receives a lower percentage of total income in country B than in county A.
the top 20 percent income group receives a higher percentage of total income in country B than in country A.
the top 20 percent income group receives a higher percentage of total income in country A than in country B.
none of the above

Answers

Option b is the answer. The Bottom 20 percent income group receives a lower percentage of total income in country B than in county A.

What Is a Lorenz Curve?

The Lorenz curve was developed in 1905 by American economist Max Lorenz as a visual representation of wealth or income inequality. The graph displays percentiles of the population according to income or wealth on the horizontal axis and cumulative income or wealth on the vertical axis.

What happens when the Lorenz curve is away from the line of equality?

The inequality in the distribution of income increases as the Lorenz curve moves farther from the ideal line of perfect equality.

What are the Uses of the Lorenz Curve?

It can be used to demonstrate how well a government policy helps redistribute money. The Lorenz curve can be used to show the effects of a certain policy by showing how the curve has shifted toward the perfect equality line after the policy's implementation. It is among the simplest ways to depict inequality. It works well when comparing the variability of two or more distributions. With the use of a graph, it depicts how a nation's wealth is distributed among various percentages of the population, which aids many firms in determining their target markets. It supports business modeling. It can be heavily utilized when taking specialized actions to develop the economy's weaker sectors.

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If the variable cost per unit decreases while the sales price per unit and total fixed costs remain​ constant, which of the following statements is true​?
A.The contribution margin increases and the breakeven point increases.
B.The contribution margin decreases and the breakeven point increases.
C.The contribution margin increases and the breakeven point decreases.
D.The contribution margin decreases and the breakeven point decreases.

Answers

If the variable cost per unit decreases while the sales price per unit and total fixed costs remain constant, the contribution margin increases and the breakeven point decreases. Hence, option C is appropriate.

What is the variable cost?

Variable costs are costs that change depending on the amount of a service or product a company produces. Variable costs are the sum of all marginal costs through all produced units. They could also be viewed as regular expenses. The two elements of the total cost are fixed costs as well as variable costs.

Costs that vary as the volume increases are known as variable costs. Variable costs include things like raw materials, piece-rate labor, production supplies, commissions, shipping costs, packing costs, and credit card fees. The "Cost of Goods Sold" is the name given to the variable manufacturing costs in some accounting statements.

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Rebecca wants to borrow $5,000 for 4 years. She will repay the debt, plus the finance charges in one lump sum at the end of the 4-year period. If the lender charges her 7% simple interest, how much will Rebecca pay in finance charges?
-$960
-None of the above
-$800
-$1400

Answers

Option (d), Rebecca requests a $5,000 loan with a four-year term. At the conclusion of the four years, she will pay out the amount in full, including with the finance costs. Rebecca will be required to pay finance costs of $1400 if the lender assesses a 7% simple interest rate.

What Is Simple Interest, Exactly?

The basic interest formula can be used to quickly and simply calculate the amount of interest that will be applied to a loan. The principle, the number of days between payments, and the daily interest rate should all be multiplied to determine simple interest.

The principal is multiplied by the time, interest rate, and time period to determine simple interest. The written formula is "Simple Interest = Principal x Interest Rate x Time." This is the interest calculation formula that is the easiest.

Simple Interest (S.I.) is a formula used to calculate the amount of interest that will be charged on a given principal amount of money at a certain interest rate. For instance, if someone takes out a two-year loan for Rs. 5000 at a rate of 10 p.a., they will be required to pay S.I. on the amount borrowed over those two years.

Amount= (P X R X T)/100

Principal= $5000

Rate= 7%

Time= 4 years

amount= ($5000 X 7 X 4) / 100

= $1400

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agents are sales representatives for manufacturers or wholesalers and usually are hired on a commission basis.

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Agents are typically engaged on a commission basis and operate as sales agents for manufacturers or wholesalers. A merchant wholesaler is a middleman who acquires ownership of the commodities. The firm that makes Swiss army knives is called Victorinox.

What are the distribution channel terms for wholesalers and retailers?

The marketing channel, also known as the channel of distribution, is made up of these intermediaries, such as middlemen (wholesalers, retailers, agents, and brokers), distributors, or financial intermediaries. These intermediaries generally enter into longer-term obligations with the manufacturer.

What are the distribution channel terms for wholesalers and retailers?

These intermediaries, which may include distributors, financial intermediates, or middlemen (wholesalers, retailers, agents, and brokers), often have longer-term agreements with the producer and are is referred to as the distribution channel or the marketing channel.

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Which of the following individuals seeking relief would find no help in the Texas civil law system? O a. An individual alleges that a corporation's negligence resulted in harm and seeks to sue the corporation for damages O b. A labor union, frustrated by hostile management policies, sues to force the employer to require all new employees to join the union O c. A tenant sues an apartment owner for the value of items stolen after the apartment owner failed to repair a reported broken lock as it had committed to in the lease. O d. A property owner facing large credit card debt judgments seeks to have her homestead protected by the court, Oe. A man sues his ex-wife in an attempt to force her to help with the costs of supporting their children

Answers

The Texas civil justice system would be ineffective for the following people seeking relief: A labour union files a lawsuit against an employer to compel that all new hires join the union after becoming irritated with unfriendly management policies.

The correct option is B.

How does Texas' civil law system work?

The decisions of the Supreme Court, including Court of Criminal Appeals, and or the Courts of Appeals, which have been published inside this Texas Cases as well as South Western Reporter, serve as case law in the Texas legal system, which is based on common law and is interpreted by it.

What kind of legal system is there in Texas?

One of only two states, Texas, uses a bifurcated circuit court system, which means that the state's highest court is split into two branches. The Supreme Court, which has nine justices, has ultimate authority over civil as well as juvenile cases.

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Which of the following monetary and fiscal policy combinations would definitely cause a decrease in aggregate demand in the short run

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Contractionary fiscal policy refers to the use of fiscal tools to constrict the economy by lowering aggregate demand, which will result in lower output, increased unemployment, and a lower price level. Booms are fixed through contractionary fiscal policy.

What fiscal policy decreases aggregate demand?Consider a scenario where the government wants to stop a growth or reverse a recession. Its specific objectives would be to bring the economy back to full employment or to manage inflation, as appropriate. They may be able to accomplish their objectives with the aid of fiscal policy.Government expenditure and taxes (or transfers, which act as "negative taxes") are the tools of fiscal policy. Expansionary fiscal policy is used to close output gaps because you want to grow an economy that is generating too little (recessions). Expanding fiscal policy involves either raising taxes or cutting spending.A surplus-producing economy needs to be reduced. The best course of action in that situation would be to implement a contractionary fiscal policy, which would entail either raising taxes or reducing government spending.As an illustration, if Burginville is going through a recession, the government may issue tax refunds to everyone (an example of expansionary fiscal policy). What will transpire is as follows: An increase in discretionary income results from the tax refund. Consumption rises as a result of higher disposable income, and consumption rises as a result of higher aggregate demand. Gains in output and a decline in unemployment result from rising aggregate demand. Because of the decline in unemployment and the rise in output, inflation will rise as a result.

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1. Internal links
Are limited since search engine bots do not follow these links to see what content is on the linked-to page
Are helpful because they can help search engines and visitors discover your new content
Are hurtful because they complicate site navigation and user experience
2. The practice of using positive messaging close to the desired click region is an element of
Credibility
Closing
Continuance
Both A and C
None of the above

Answers

Closing includes the practice of using positive messaging close to the desired click region, So option B is the correct answer.

What is the definition of closure on a website?The principle of closure describes an individual's proclivity to perceive segmented visual elements as complete or whole objects, even when information is missing. This principle is associated with logo design, but it can have an impact on other visual-design decisions involving icons and various page elements.Closing is the practice of using positive messaging close to the desired click region. Negatively charged words can sometimes prevent you from clicking.Accept the project deliverables, transfer operational and support responsibilities, keep a record of the lessons learned while working on the project, formalize the end, and project closure activities include getting the project sponsor and project manager to sign off.

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the annual average percentage change in real gdp is 2.7%, and the annual average percentage change in velocity is 1.1%. sing the monetary rule discussed in the text, what percentage change in the money supply will keep prices stable (on average)?

Answers

In order to keep prices stable on average, the percentage change in the money supply should be 1.6%.

The monetary rule discussed in the text states that in order to keep prices stable (on average), the percentage change in the money supply should be equal to the sum of the percentage change in real GDP and the percentage change in velocity.

Using the given figures, we can calculate the required percentage change in the money supply:

Percentage Change in Money Supply = 2.7% + 1.1% = 1.6%

This means that the money supply should increase by 1.6% each year in order to maintain price stability.

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sales were $70,000. cost of merchandise sold was 55% of sales. 65% of sales were on open account. [note: record the complete sales entry first, and the complete expense entry second.]

Answers

Inventory Account is debited by 38,500 and cost of good sold is credited by 45,500. The price attributed to the goods or services that correspond to client purchases is known as the cost of goods sold.

Expense Entry:

Inventory acc. Dr. 38,500

To cost of good sold acc. 45,500

When referring to products, this typically refers to items that were delivered to customers physically, but it can also refer to items that are still on the business's property due to bill and hold agreements with clients.

In either scenario, the quantity of those products that were either sent to customers or identified as customer-owned under a bill and hold agreement must be deducted from closing inventory by the accountant. The balances in the various inventory asset accounts in the general ledger reflect the real quantity of beginning inventory that the company actually owns.

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costs that have been incurred and not be eliminated regardless of the alternatives chosen are b unavoidable cost c relevant costs d. irrelevant costs

Answers

The right response is option A. Spent money.

Sunk costs are expenses that have already been incurred and have no bearing on the choice.

Sunk costs: what are they?

Sunk costs are expenses that have previously been paid for but cannot be recovered, often known as retrospective costs. Marketing, research, the purchase and installation of new hardware or software, salaries and benefits, and facility expenditures are a few examples of sunk costs in the business world.

How does the sunk cost effect manifest itself in practice?

The sunk cost fallacy is displayed, for instance, when someone decides to sit through a tedious movie because they have paid for the ticket. Another instance is failing to fire a worker who is incompetent because the company has already spent tens of thousands of dollars on their training rather than replacing them.

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T/F Within the philanthropic perspective of the economic model, socially responsible activities are never done for building the reputation of a firm.
False

Answers

It is false that within philanthropic perspective of economic model, socially responsible activities are never done for building reputation of a firm.

What is an economic model?

A model in economics is a theoretical construction that represents economic processes through a collection of variables and a set of logical and/or quantitative relationships between them. The economic model is a simplified, frequently mathematical, framework used to explain intricate processes. Economic models frequently suggest structural variables. A model may contain a variety of exogenous variables, and those variables may alter to produce different responses from economic variables. Investigation, theorizing, and adapting theories to the real world are all examples of methodological uses of models. Given the immense complexity of economic systems, simplification is particularly crucial in the study of economics. Therefore, economists must choose carefully which variables, their relationships, and the best methods for analyzing and presenting this data are significant.

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When you look for the best mortgage, you should consider _____. the appraised value of the home and whether it is a fixed or variable rate the appraised value of the home and whether it is a fixed or variable rate the amount of down payment required, the loan period, the PMI, and property taxes the amount of down payment required, the loan period, the PMI, and property taxes the cost of homeowner’s insurance, interest rates, and amount of down payment required the cost of homeowner’s insurance, interest rates, and amount of down payment required the APR, loan period, and whether it is a fixed or variable rate the APR, loan period, and whether it is a fixed or variable rate

Answers

When you look for the best mortgage, you should consider credit score. Among other things, consider your ability to make a down payment, the size of the loan you require, and your repayment timeline.

What do you mean by Appraised value?

In order to ensure that your financial lender is not extending an excessively big loan, your home's appraised value is the value that is assigned to it by a qualified real estate appraiser.

The borrower's credit score and report may be one of the main factors affecting a mortgage rate. Your borrowing history, including any late payments, inquiries, credit cards, or loans, is summarized in your credit score.

The credit score of the borrower is used by lenders to determine the loan amount. When determining a person's credit score, important factors like payment history and frequency of credit utilization are taken into account.

Therefore, Credit score is the correct option.

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