Answer:
May 31, 202x, 23,500 units completed and transferred out
Dr Finished goods inventory 2,984,500
Cr Work in process 2,984,500
Explanation:
beginning WIP 5,400 units
materials $17,300
conversion $329,940
ending WIP 3,600 units
materials 100% complete
conversion 80% complete (2,880 EU)
units completed and transferred out 23,500
units started and completed 18,100
costs added during the period
materials $497,600
conversion $2,519,100
total costs
materials $514,900
conversion $2,849,040
total EU
materials 18,100 + 5,400 + 3,600 = 27,100
conversion 18,100 + 5,400 + 2,880 = 26,380
cost per EU
materials $514,900 / 27,100 = $19
conversion $2,849,040 / 26,380 = $108
total = $127
costs assigned to finished units = $127 x 23,500 = $2,984,500
21. Which of the following goods has elastic demand?
a. Tobacco
b. Table salt
c. diet coke
d. toothpaste
Answer:
tobacco
Explanation:
Nina has just started a new job and has already been late several times. She
gets everything done within the day, but she just can't seem to be on time.
What should Nina address?
A. Honesty
B. Respect for diversity
C. Integrity
D. Punctuality
Answer:
D
Explanation:
A p e x
What is earning interest on previously earned interest called?
Answer:
Compounding. Earning interest on previously earned interest plus the principal amount.
Explanation:
Earning interest on previously earned interest is called compounding. Thus, compounding is the correct term for this definition.
It refers to the process of reinvesting the accumulated interest back into the initial principal amount, allowing for exponential growth over time. With each compounding period, the interest is calculated not only on the original principal but also on the interest earned in previous periods.
This compounding effect leads to the gradual growth of the investment or savings. Compounding is a powerful concept in finance and can significantly enhance the growth of investments or savings over the long term. It is a key factor in various financial instruments such as savings accounts, bonds, and investment portfolios.
Thus, earning interest on previously earned interest is called compounding.
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Econ please helppp :(((((
Answer:
Pure competition
Explanation:
Pure competition refers to an ideal market with very many suppliers selling an identical product. Because the sellers are many, none of them can influence the price. Pure competition is also the perfect competition. Other characteristics of perfect competition include.
easy to enter and exit the market since there are no trade barriersAll sellers sell a homogeneous productall sellers are price takersThere are many buyers.Buyers have sufficient knowledge of prices and suppliers.airline pilots are transportation and tourism career true or false
Answer:
True
Explanation:
(i have no explanation i just know)
Answer:
True
Explanation:
Airplane pilots fly people to different areas around the world( which may be for tourism) so they are part of the transportation and tourism career.
What are two types of strategies businesses use to directly influence the environment?
A. Social media rebranding
B. Lobbyists and flames
C. Formal organizational structure and informal organization
D. Social media and strategic financing
Answer:
D. Social media and strategic financing
Explanation:
The two types of strategies businesses that directly impact the environment is social media and strategic financing
As social media is used for the promotion of the company goods and services. It creates an awareness among the public at large
While on the other hand, the strategic financing refers to the long term planning i.e. where the company wants to be in near future
Therefore as per the given situation, the option D is correct
i did it Answer:
Explanation:
How do large companies exercises control over producers
Answer:
By controlling the market the producer has access to. And competing for lower costs.
Explanation:
If you want to know whether a company had a profit or a loss during a specific period of time, which financial statement would be most helpful? A. Statement of owners' equity B. Cash flow statement C. Balance sheet D. Income statement Please select the best answer from the choices provided
Answer:
D. Income statement.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP). Example of financial statements includes an income statement used to measure the amount of money entering into a business and to determine if its making a profit or a loss.
Hence, If you want to know whether a company had a profit or a loss during a specific period of time, the financial statement which would be most helpful is the income statement.
Answer:
D. Income statement.
Explanation:
In the month of November, Cullumber Company Inc. wrote checks in the amount of $10,230. In December, checks in the amount of $11,815 were written. In November, $8,240 of these checks were presented to the bank for payment, and $10,655 in December. There were no outstanding checks at the beginning of November. What is the amount of outstanding checks at the end of November? At the end of December? November December The amount of outstanding checks $enter a dollar amount $enter a dollar amount
Answer and Explanation:
The computation of the outstanding checks is shown below:
For the November end
= Checks - presented in the bank
= $10,230 - $8,240
= $1,990
For the December end
= Checks - presented in the bank + presented in th bank - checks
= $10,230 - $8,240 + $11,815 - $10,655
= $3,150
We simply applied the above formula
Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next nine years because the firm needs to plow back its earnings to fuel growth. The company will pay a dividend of $10 per share 10 years from today and will increase the dividend by 6 percent per year thereafter. If the required return on this stock is 10 percent, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer:
$106.02
Explanation:
Div₀ - Div₉ = 0
Div₁₀ = $10 and then will grow by 6% forever
we must first determine the terminal value for year 9 using the dividend growth model:
P₉ = Div₁₀ / (Re - g) = $10 / (10% - 6%) = $10 / 4% = $250
now we shall discount this to present day value:
P₀ = $250 / (1 + 10%)⁹ = $250 / 2.3579 = $106.02
3. Hunter is an intelligent businessman. He has a knack for recognizing a good deal. Hunter was very interested when his friend, Leo, was trying to sell his Xbox 360. Leo was only asking $75 for the console and two controllers. Although slightly used, everything worked and was in good condition. If Hunter closes the deal, according to the nature of exchange, what is the agreed value of the items?
a. They are worth $75 because Hunter paid that amount.
b. They are worth around $200, and Hunter got a great deal.
c. The exact price can’t be determined because it is relative. They are worth more than $75 for Hunter, but at the time, they were worth less than $75 for Leo.
d. Hunter and Leo can’t determine the worth of the used items because they didn’t compare the costs of the used items and new items.
e. The market determines the value of the items based on supply and demand, so it doesn’t matter what value Hunter or Leo gi
Answer:
a. They are worth $75 because Hunter paid that amount.
Explanation:
Remember, we are considering the value based on the agreed value made by both parties; which means that both Hunter and Leo didn't consider the market price of the game console, but held the view that; what was been exchanged had a value of $75.
So they are worth $75 because Hunter paid that amount they had agreed on.
CAN SOMEONE PLS HELP ME!!
Aspirin is one of the most widely used drugs in the world. Although many companies make and sell aspirin, all aspirin is pretty much the same. Because aspirin is a drug, the government has some control over companies that make it.
Is this an example of perfect competition? Why or why not?
Answer:
Yes
Explanation:
Because multiple companies are fighting over who will buy theirs even thought there all the same plz mark me Bg brain
It is an example of perfect competition because the many companies are the involved they make and sell aspirin.
What is perfect competition?The competition of the market type is the perfect competition. Because there is less competition in the market, consumers have more options for products from various brands. The result is ultimately more competitive pricing and brings a cheaper product to the consumer.
The market is the based of the consumer demand and preferences. The perfect competition was the based of the so many brands are to exist in the market. The price are the increased the consumer are the shift to another goods and services. The example of the aspirin is drug in the world are the sell and make aspirin, the companies are the fighting to the sale in the market.
As a result, the example of the perfect competition.
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Identify the term for unsold goods, raw materials, Or work-in-progress that a company has.
Answer:
Inventory
Explanation:
Inventory refers to
The finished products in the warehouse or store that is ready for sale. Raw materials used in the production of goodsGoods that in the production process, also known as work in progress.Inventory is held with the intention of selling. It is classified as current assets. Income realized from the sale of inventory is revenue to the business.
West Corp. issued 20-year bonds two years ago at a coupon rate of 8.6 percent. The bonds make semiannual payments. If these bonds currently sell for 107 percent of par value, what is the YTM? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answer:
shshdhhdhdhdhdhhd
Explanation:
shshhsshd
Reread the Country Focus "Moving U.S. White-Collar Jobs Offshore." Who benefits from the outsourcing of skilled white-collar jobs to developing nations? Who are the losers? Will developed nations like the United States suffer from the loss of high-skilled and high-paying jobs? Is there a difference between the transference of high-paying white-collar jobs, such as computer programming and accounting, to developing nations, and low-paying blue-collar jobs? If so, what is the difference, and should government do anything to stop the flow of white-collar jobs out Hill, Charles W. L.,Hill, Charles W. L.. Global Business Today (Kindle Locations 6646-6650). McGraw-Hill Higher Education. Kindle Edition.
Answer:
Traditionally, economists and politicians all have argued that globalization led to outsourcing blue collar jobs or manufacturing jobs. But high skilled jobs, were still being carried out in the US, which meant that the good salaries and the highly trained employees remained.
In the recent years this assumption is falling apart. Many high skilled jobs, specially in the technology sector, have been outsourced to poor countries, specially India. The reasons why this happens are basically 3:
The demand for highly trained employees increased and exceeds the supply (which is not bad).Formerly, highly trained employees from developing nations could enter the US labor force more easily. Changes in immigration laws have made it harder for high skilled immigrants to be able to work in the US (politicians are to blame). Corporations make a larger profit by hiring high skilled labor from poor countries, e.g. a n Indian engineer earns 20 times less than an American engineer (corporate greed is the culprit).The US and other developed countries can really hurt from the outsourcing of highly skilled workers. It is simply unrealistic to believe that just because an engineer is American, he/she will be better than someone from other place. There is no biologic or cultural basis for believing that, all you need to do is look at where Steve Jobs, Elon Musk, Serguei Brin, Sundar Pichai and many others were born.
The basic reason why America became the world's most powerful country is that immigrants that searched for a better life were able to develop and carry out ideas here. Many of these immigrants would have never been able to do something great if they hadn't come to America. E.g. Apple wouldn't exist if Steve Jobs had remained in Syria, Google, Tesla wouldn't either: if you go back 60 years in time, FB wouldn't exist if Mark Zuckerberg's had gone somewhere else. The list goes on and on, and many American corporations were formed by immigrants.
America grew because it attracted talent, but now it is repelling it. When corporations hire foreign talent they are not just saving money, they are killing American jobs that are not easily replaceable. It is not the same to fire someone that flips hamburgers, than to fire someone that develops software.
The government should stop this, since it is fairly simple to do it. Many developed countries like Canada or Australia base their immigration policies on merit and qualifications. If a person is highly trained and is able to perform specialized jobs, then they are allowed to immigrate. If they are not highly skilled, then, bye bye. E.g. there are millions of highly trained people from Latin-america and Asia that could serve the US economy and help it grow. Instead there are millions of very low skilled immigrant workers that add very little to the US economy. The government can also impose a special tax on highly skilled outsourced jobs. That tax would be legal, unlike import tariffs that violate the rules of the WTO.
Scott and Mary have accepted a three-year international relocation for work. Both are still paid in U.S. dollars, and their paychecks are automatically deposited to a U.S. Bank. When they need cash, they use local ATMs that allow them to withdraw funds from their U.S. bank, but the ATM gives them the equivalent in local currency. Which type of system does the U.S. Bank use to transfer money almost instantly, and in the currency needed by the user?
Answer:
The answer is "Electronic Funds Transfer".
Explanation:
It is a financial exchange electronically, which is also known as direct deposit salary services with ATM, which Cash subsidies among buyer marketing authorization, which implies digitally moving funds from one bank to the next. It's accomplices through the exchange of paper currency or certificates. The bank account is among the most popular applications of EFT.
Supper Company Ltd., reported the following stockholders’ equity on its balance sheet at June 30,
2012:
Supper Company Ltd.
Stockholders’ Equity
June 30,2012
Paid-in Capital
Preferred stock, 10%,? par, 650,000 shares authorized, 280,000 shares issued $ 1,400,000
Common stock, par value $? per share, 5,000,000 shares authorized,
1,000,000 shares issued and outstanding
2,000,000
Paid-in capital in excess of par—common 6,000,000
Total paid-in capital 9,400,000
Retained earnings 12,300,000
Total Stockholders’ equity $21,700,000
Requirements:
1. What is the par value per share of Supper’s preferred stock? (Show Workings)
2. What is the par value per share of Supper’s common stock? (Show Workings)
3. What is the selling per share for the $6,000,000 reported as paid-in capital in excess of par –
common? (Show Workings)
4. Prepare two (2) summary journal entries to record issuance of all the Supper Company Ltd stock for
cash. Explanations are not required.
Answer:
1. Par Value of Preferred stock;
= Preferred stock value / Shares issued
= 1,400,000/280,000
= $5
2. Par Value of Common Stock
= Common stock value / Shares issued
= 2,000,002/1,000,000
= $2
3. Selling price per share including Paid-In Cap
Paid-in cap is the price of a share that exceeds its par value. Selling price therefore is;
= (Par Value + Paid In cap)/ Number of shares
= (2,000,000 + 6,000,000) / 1,000,000
= $8 per share
4.
DR Cash $1,400,000
CR Preferred Stock $1,400,000
DR Cash $8,000,000
CR Common Stock $2,000,000
Paid-In Capital in excess of par - Common Stock $6,000,000
Which of these is an example of an inelastic good?
A. Medicine
B. Jordans
C. Cell Phone
D. Big Zax Snack
Answer:
A. Medicine
Explanation:
Inelastic good is a product whose demand does not fluctuate with price changes. It means the demand for the good remains constant even if prices increase or decrease. The term inelastic symbolizes the demand for the good is static.
Medicine has an inelastic demand. Patients need medication regardless of prevailing prices. An increase or decrease in prices of medicines does not influence the demand. The term inelastic contrast elastic demand, which is the demand that varies with changes in prices.
HELP PLSSS
Define what an "industry credential" is in relation to Career Technical Education.
•
Then explain
2 important reasons for acquiring industry credentials (also called technical certifications).
•
Your answer should include BOTH the definition and two reasons for acquiring them.
•
1. Definition of Industry Credential:
•
2. Two reasons for acquiring industry credentials or technical certifications:
Answer:
1. is a qualification or level of competence that is authorized by a relevant third party to the specific qualification. It's usually in written form.
2. a- Gain work experience of the candidate.(eg occupational credentials) hence increasing earning capability.
b- Gain knowledge and proffessional skills that amounts to increase in competency lvls.
Do you believe the government should play a role in speeding up or slowing down the economy
Answer:
Yes I do believe they should because it is important to speed up economy's rate of growth
Type the correct answer in the box. Spell all words correctly. Which type of economy does Sweden have? Many companies in Sweden are in the private sector, while the government regulates business and provides security to citizens through its extensive welfare system. This is a(n) economy.
Answer:
mixed economy
Explanation:
Sweden is generally defined as a social democracy, or democratic socialist country. Most European countries fit into the category of social democracies, and some even include Canada into that list. They are countries that support and respect private business and property, but at the same time their economies are highly regulated by the government. They also provide an extensive social safety net and many services are public specially health care and education. If you studied Marx, they reached the superior stage of capitalism. Although they are not fools, since they reject communism.
Suppose the United States has two utilities, Commonweath Utilities and Consolidated Electric. Both produce 20 million tons of sulfur dioxide pollution per year. However, the marginal cost of reducing a ton of pollution for Consolidated Electric is $275 per ton and the marginal cost of reducing a ton of pollution for Commonwealth Utilities is $375 per ton. The government's goal is to cut sulfur dioxide pollution in half (by 20 million tons per year).
a. If the government issues 10 million tradable pollution permits to each utility, what will be the cost of eliminating half of the pollution to society?
b. Using a cap-and-tradeLOADING... system of tradable emission allowances will eliminate half of the sulfur dioxide pollution at a cost of $ nothing million per year.
c. If the permits are not tradable, what will be the cost of eliminating half of the pollution?
d. If permits cannot be traded, then the cost of the pollution reduction
Answer and Explanation:
The computation is shown below:
a. The cost of eliminating is shown below:
= $275 × 20
= $5,500
b. The cost would be $375 per ton
c. In the case when the permits are not tradable so in this the cost is $5,500
d. In the case when the permits cannot be traded so the cost of the pollution reduction is
= $375 × 10 + $275 × 10
= $3,750 + $2,750
= $6,500
Does anybody know xxalvinaa
Lack of economic growth is a major problem for ____ economic systems
Answer:
traditional
Explanation:
Which of the following is a benefit of determining your personal vision:
a. A personal vision can help you discover your purpose in life.
b. A personal vision guarantees that you will achieve your dreams.
c. A personal vision finalizes every aspect of your career path.
d. A personal vision allows you to work less and accomplish more.
Answer: the difference between two numbers can be obtained by subtracting the smaller number from the bigger number.
• Here, - 0.4 is the smaller number, and 44.4 is the larger number.
• Therefore, the difference between the two is 44.4 - (- 0.4).
• Now, in mathematics, - and - makes a +.
This implies that, 44.4 - (- 0.4) = 44.4 + 0.4 = 44.8
∴ The required difference is 44.8.
Explanation: follow meif you want to help more
Three entrepreneurs were looking to start a new brewpub near sacramento, california, called roseville brewing company (rbc). brewpubs provide two products to customers—food from the restaurant segment and freshly brewed beer from the beer production segment. both segments are typically in the same building, which allows customers to see the beer-brewing process.
Answer:
A lot of information is missing as well as the requirements, so I looked for similar questions.
The requirements are:
a. What is the break-even point in sales dollars for RBC?
b. What is the margin of safety for RBC?
c. What sales dollars would be required to achieve an operating profit of $250.000? $490.000?
a) break even point = total fixed costs / contribution margin
total fixed costs = $1,125,430contribution margin = $1,427,642 / $1,953,000 = 73%break even point = $1,124,430 / 73% = $1,540,315
b) margin of safety = current sales - break even point = $1,953,000 - $1,540,315 = $412,685
c) operating profit = $250,000 ⇒ ($1,125,430 + $250,000) / 73% = $1,884,150.69
operating profit = $490,000 ⇒ ($1,125,430 + $490,000) / 73% = $2,212,917.81
according to the law of demand consumer demand for a product will decrease if
Answer:
when prices rise the product demand will decrease.
what is the definition of inventory stock
Answer:
they are goods and materials that a business holds for the ultimate goal of resale or repair
Reinvesting cash flow allows a firm produce additional products and generate additional sales.
O True
O False
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE
Owen wants to start a tutoring business. He has a space rented and a lot of ideas, but he has no employees who can tutor the students. Which category of economic resource does he require?
labor
entrepreneurial ability
land
Answer:
entrepreneurial ability
Sorry, no one answered your question sooner, hope that helps.
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