The journal entry to adjust inventory shrinkage will include c. a debit to Cost of Merchandise Sold.
What is inventory shrinkage?Inventory shrinkage is a situation whereby the value of ending inventory as per the accounting records exceeds the physical inventory count.
Inventory shrinkage may be caused by:
Clerical errorsDamage to goodsLossTheft.Thus, the journal entry to adjust inventory shrinkage will include c. a debit to Cost of Merchandise Sold.
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Why is scenario analyses an important tool for managers?
Scenario analysis is very important because it helps to ensure that the management of an organization follows a course that can help them to make better decisions.
What is scenario analysis?This can be defined to be the analysis that can help one to make better decisions and plan their business in such a way that they would have a better strategy.
It helps to challenge the assumptions that are made about the future and also explore alternatives.
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Cody is a first-time buyer making an offer on a property that will include the appliances. The seller accepts the offer and includes a document that will protect the owner if the furnace breaks. Which kind of protection did Cody receive
the kind of protection Cody received is a security guard protection
You present a solution that is reasonable and not presented as an ultimatum. if there are areas of disagreement, you make concessions. this describes what step in the negotiation process
The settlement step is the part of the negotiation process that is described using the description here.
What is the negotiation process?This term is used to refer to the ways through which two people would have to resolve a conflict.
They do this by reaching an agreement or what is called the compromise.
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Every corporation should have a strong independent board of directors that does all of the following except a. remain well-informed about the company's performance and exercises its fiduciary duty to protect shareholders responsibly. b. guide management in choosing a strategic direction and makes independent judgments about the validity and wisdom of management's proposed strategic actions. c. evaluate the leadership skills of the CEO and other senior executives. d. retain sufficient courage to curb management actions deemed inappropriate or unduly risky. e. take responsibility for leading the strategy-making, strategy-executing process.
A firm does not need a strong independent board of director that is responsible for leading the strategy-making and strategy-executing process.
What is an independent director?
This refers to those member of a board that does not have a material or financial relationship with the company except a sitting fees
Among other option, a typical corporation does not need a strong independent board of director that is responsible for leading the strategy-making and strategy-executing process.
Therefore, the Option E is correct.
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If you're using a 50/30/20 budget,
what percentage of your monthly
income should you spend on savings
and paying off debt?
A: 30%
B: 20%
C: 0%
Answer:
B: 20%
Explanation:
you spend 50% of your after-tax pay on needs
30% on wants, and
20% on savings or paying off debt.
So its B 20%
True or false: a large, simple design is best used in situations where baseline measurements are complex and require special equipment.
The given statement is FALSE because if the baseline measurements are complex and need special equipment, then a large, simple design would NOT be needed.
What is a Design?This refers to the framework that is used to show a blueprint for a thing and can also mean the construction of a thing.
Hence, we can see that the given statement is false because, in a case of a complex measurement that would require special equipment, a special design would be needed.
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What is the entity contracted by dod organizations to book and ticket travel reservations?.
Travel Management Company is the entity contracted by DoD organizations to book and ticket travel reservations.
Travel management companies are a travel agencies that manage organization corporate or business travel program. They will often provide an end user online booking tool, mobile application, program management etc. These companies use Global Distribution Systems to book flights got their clients.
The DoD (Department of Defense) is responsible for providing the military forces needed to deter war and protect the security of our country.
DoD organizations contracts the Travel Management Company to book and ticket travel reservations.
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Anita, a quality supervisor, knows that her manager focuses on maintaining quality. Anita tends to favor a high-quality alternative whenever she is considering alternative ways to approach a problem. She understands that another alternative might be more successful. However, Anita believes that whatever the outcome, her manager is likely to appreciate her efforts to maintain the quality standard. This is an example of the human compromise known as
The given scenario is an example of the human compromise known as rationalization.
What is Rationalization?This refers to the use of logic to try and explain or justify a certain behavior, even when they are not appropriate.
Hence, we can see that based on the high quality alternative that Anita, the quality supervisor uses, she knows that she would still be appreciated by her manager if she maintains the standard, and this is known as rationalization.
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the mortgage and the deed of trust are ______ that pledge property as collateral for a loan.
The mortgage and the deed of trust are security deeds that pledge property as collateral for a loan.
What are security deeds?Security Deed is a document containing properties and material's that are used as security for loans.
It is for the lender and borrower.
Therefore, The mortgage and the deed of trust are security deeds that pledge property as collateral for a loan.
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Six years ago, HOPCO granted Mr. Sing a nonqualified option to purchase 1,000 shares of HOPCO stock at $55 per share. On date of grant, the market price was $50 per share. This year, Mr. Sing exercised the option when the market price was $64 per share. How much ordinary income does Mr. Sing recognize because of the exercise
Based on the option that Mr. Sing exercised, the ordinary income recognized would be $0.
What income will Mr. Sing recognize?Income will be recognized when the shares are sold by Mr. Sing because the selling price is necessary to calculate income.
As the shares are yet to be sold, there will be no income recognized by Mr. Sing.
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If buyers in this market have to wait in line to purchase this good after a $1 price ceiling is imposed, each buyer purchases only one unit of the good, and buyers in the market value their time at $8 per hour, how long will the wait have to be per remaining customer to clear the market
The waiting time will be 30 minutes because 30 minutes at $8 per hour adds $4 to the price. Therefore, making the full price equal to $5 for each buyer clears the market.
What is the price ceiling?A price ceiling is a price control mechanism by the government to intervene in the market forces of demand and supply by setting a maximum price.
While price ceilings are imposed to make prices low for consumers, it may cause shortages in the quantities supplied.
Thus, the waiting time will be 30 minutes because 30 minutes at $8 per hour adds $4 to the price.
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Consider the following data that gives the quantity produced and unit price for three different goods across two different years to answer the following questions. Assume that the base year is 2012. Good 2012 Price 2012 Quantity 2013 Price 2013 Quantity A $2.00 500 $2.50 600 B $4.00 1,000 $5.00 900 C $2.00 200 $1.00 300 What was the growth rate of real gross domestic product (GDP) between the two years
Based on the prices of goods across both years, the growth rate of Real GDP between the two years was 0%.
How can the Real GDP growth rate be found?First, find the Real GDP in 2012:
= ( 2 x 500) + (4 x 1,000) + (2 x 200)
= 1,000 + 4,000 + 400
= $5,400
The Real GDP in 2013 will be found using the 2012 prices:
= (2 x 600) + (4 x 900) + (2 x 300)
= 1,200 + 3,600 + 600
= $5,400
The Real GDP growth rate is:
= (5,400 - 5,400) / 5,400
= 0%
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Tony is giving a presentation about needed repairs to the exterior of the small condo building where he lives. He is speaking to other residents at a meeting in the building. In introducing his presentation, he notes how the building's appearance can directly affect the property value of each of their condos. How has Tony gained interest for his presentation
Tony has been able to gain the interest of his audience for his presentation by relating the topic to the audience.
What method did Tony use to gain attention?It is a fact that people would be more likely to listen to you if what you're telling them affects them directly.
Tony took advantage of this by talking about how his presentation affects the property value of his audience which led to them being more attentive.
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Cortez Foods Inc. is a company that manufactures packaged food. It sells several varieties of packaged food such as chips, cupcakes, candies, crackers, fruit juices, and carbonated drinks. It receives its largest profit from its newly introduced line of tropical fruit juices that are available in different flavors, such as orange, apple, lychee, and cranberry. Recently, Cortez has been exploring mixing flavors and has created a new lychee and cranberry juice drink. This is an example of a _______.
Based on the fact that Cortez came up with a new drink by mixing flavors, this is an example of Product Modification.
What is Product Modification?This refers to when a business improves existing products so that they become new products or upgraded versions of the old product.
Cortez mixed flavors and created the lychee and cranberry juice which means that it is an improvement on existing flavors thereby making it a product modification.
Options for this question include:
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Kim-Lee founded a software development company at the age of 27. Over time, he developed the company into a multibillion-dollar transnational organization. He is currently the chief technical officer of the company, holds 75 percent stock of the company, and makes major decisions regarding the products that would be made available to consumers. In the context of Wright's model of the U.S. class structure, Kim-Lee belongs to the __________.
Based on his activities so far, Kim-Lee according to Wright's model of the U.S. class structure, belongs to the Capitalist class.
What is Wright's model of the U.S. class structure?Erik Wright identified four social classes in the United States which are the Capitalists, the Petty Bourgeoise, the Managers, and the Workers.
Kim-Lee is a capitalist because these are the people who own companies and are very wealthy.
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Sure Start wants their new international managers to develop greater emotional intelligence by identifying their strengths and weaknesses. Charlie would like the managers to focus on their own internal conditions, such as how they manage and control their own impulses. Which principle is Charlie asking the managers to examine
Charlie is asking the managers of Sure Start to examine and implement D. Self-Regulation.
What is Sure Start asking for?Sure Start is asking that managers learn to regulate their own emotional intelligence by themselves.
This is self-regulation and it involves looking at one's strengths and weaknesses and playing to the strengths, while working on weaknesses.
Options for this question are:
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question content area in recording the cost of goods sold for cash, based on data available from perpetual inventory records, the journal entry is:
In recording the cost of goods sold for cash, based on data available from perpetual inventory records, the journal entry is debit Cost of Goods Sold; credit Inventory.
What are inventory?Inventory include taken records of goods that are sold and the once that are available.
For goods that are sold they are removed from the available goods including the cost and added to the inventory as sold.
Therefore, In recording the cost of goods sold for cash, based on data available from perpetual inventory records, the journal entry is debit Cost of Goods Sold; credit Inventory.
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In setting prices for products and services, managers may attempt to charge what the customer is willing to pay however, too high a price may:
In setting prices for products and services, too high a price may A. deter a customer from purchasing a product, causing them to seek alternatives.
What are the factors involved in setting prices?When setting prices of goods and services, managers should consider these factors:
Production costsOrganizational goalsMarketing ObjectivesMarketing Mix StrategyThe Market demandCompetitors' costs, prices, and offersPrice and Value perception of consumers.Answer Options:A. deter a customer from purchasing a product and seek alternatives
B. decrease a competitor's market share
C. indicate supply is too plentiful
D. increase demand and demand for the product.
Thus, in setting prices for products and services, too high a price may A. deter a customer from purchasing a product, causing them to seek alternatives.
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A registered representative in your firm is about to retire and has asked a younger representative in the same branch office if she wants to buy his book of business. The younger representative is very interested and the two RRs have negotiated a sale price and have agreed in a written contract that continuing commissions will be paid to the retiring representative for a period of 5 years following retirement, based on the clients named as of the date of retirement. Which statement is TRUE about such an arrangement
The statement that is TRUE about such an arrangement is: Such an arrangement is a permitted private contract as long as the contract is executed prior to the retirement date,
What is private contract?Private contract is a type of written or oral agreement between two parties or between two or more people.
Since the registered representative intent is to get an income after retirement through the commission earn by selling his book of business the contract is valid in as far as the contract was executed before the registered representative retire date.
Therefore the arrangement is a permitted private contract.
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Consider the following data, where gross domestic product (GDP) values are measured in millions of dollars, to answer the following questions: Year Nominal GDP Real GDP GDP Deflator 2009 ________ $500 100 2010 $551.2 ________ 106 2011 $600.6 $546 ________ 2012 ________ $600.6 120 What is the value of the gross domestic product (GDP) deflator in 2011
The value of the gross domestic product (GDP) deflator in 2011 based on the given information is 110.
What is the GDP Deflator?The GDP deflator is a ratio of the Nominal GDP (current year prices) over Real GDP (base year prices).
The GDP deflator is used to measure inflation as it shows the change in the current prices compared to the base year's prices.
The GDP deflator can be computed as Nominal GDP/Real GDP x 100.
Data and Calculations:Year Nominal GDP Real GDP GDP Deflator
2009 $500 100
2010 $551.2 106
2011 $600.6 $546
2012 ________ $600.6 120
GDP Deflator = Nominal GDP/Real GDP x 100
2011 GDP Deflator = 110 ($600.60/$546 x 100)
Thus, the value of the gross domestic product (GDP) deflator in 2011 based on the given information is 110.
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The intended effect of an expansionary monetary policy is that aggregate demand: remains unchanged while the economy's long-run potential growth rate increases. increases, raising inflation and real GDP growth in both the short run and the long run. increases, raising inflation and real GDP growth in the short run, but only inflation rises in the long run. increases, raising real GDP growth only in the long run.
The intended effect of an expansionary monetary policy is that aggregate demand : increases, raising real GDP growth in the short run, but only inflation rises in the long run.
What is expansionary Monetary Policy ?
Expansionary Monetary Policy (Quantitative Easing) involves an increase in the money supply in order to lower interest rates and increase Consumption and Investment.
A monetary policy that lowers interest rates and stimulates borrowing is known as an expansionary monetary policy or loose monetary policy. Conversely, a monetary policy that raises interest rates and reduces borrowing in the economy is a contractionary monetary policy or tight monetary policy.
They believe that expansionary monetary policy increases the supply of loanable funds available through the banking system, causing interest rates to fall. With lower interest rates, aggregate expenditures on investment and interest‐sensitive consumption goods usually increase, causing real GDP to rise.
What is GDP growth rate?The annual average rate of change of the gross domestic product (GDP) at market prices based on constant local currency, for a given national economy, during a specified period of time. It is a measure of the value of all final goods and services produced in a period.
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Decades ago, developing and implementing the "right" marketing strategy was all about _________________ . In today's economy, however that emphasis has shifted to developing strategies that attract and retain customers over the long term.
In decades past, the development and implementation of marketing strategy was about b.creating a large number of transactions in order to maximize a firm's market share.
What was the focus of marketing strategy in the past?Companies wanted to increase the number of sales transactions they had as they believed it would lead to a higher market share.
These days however, companies try to retain their customers over the long term so they can have a sustainable revenue base.
Options for this question are:
a.aggressive selling in order to maximize sales volume.
b.creating a large number of transactions in order to maximize a firm's market share.
c.making products of moderate quality that could be sold at the lowest price possible.
d.conducting extensive research to discover customer needs.
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what must an applicant for a real estate license do if they have been convicted of a crime
The thing which an applicant for a real estate license should do when he has a crime conviction is to disclose all convictions on the application.
What is a Crime Conviction?This refers to legal process where a person is accused of a crime, tried, found guilty and sentenced.
Hence, we can see that after the sentencing, there is already a crime conviction and this must be stated for a person that wants to apply for a real estate license.
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Sheridan Company budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels are planned for the fiscal year of July 1, 2021 to June 30, 2022: June 30, 2022 June 30, 2021 Raw Materials 3000 kilos 2000 kilos Three kilos of raw materials are needed to produce each unit of finished product. If Sheridan Company plans to produce 480000 units during the 2021-2022 fiscal year, how many kilos of materials will the company need to purchase for its production during the year?
The number of kilos of materials that the company will need to purchase for its production during the year is: $1,441,000.
Number of kilos of materials to purchase
Using this formula
Kilos of materials=(Units to produce×Number of kilos of raw materials)+Ending kilo of raw material-Beginning kilo of raw material
Let plug in the formula
Kilos of materials=(480000×3)+3,000-2,000
Kilos of materials=1,440,000+1,000
Kilos of materials=$1,441,000
Therefore the number of kilos of materials that the company will need to purchase for its production during the year is: $1,441,000.
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when scrum team members meet and collaborate with each other to find the best way to build and deliver the software to the customer, which of the following agile values is being practiced?
When scrum team members meet and collaborate with each other to find the best way to build and deliver the software to the customer, the agile value being practiced is:
individuals and interactions over processes and tools;What is the Agile value of collaboration?The agile value of collaboration requires that team members should interact with one another to brainstorm over a matter and know the best methods to use in solving a problem.
So when the scrum team members engage in the interaction above, they are heed to the first Agile value.
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In computing equivalent units, ___________ is not part of the equivalent units of production formula
The beginning work in process is not part of the equivalent units of production formula for computing equivalent units.
What is an equivalent units of production?This refers to expression of the amount of work done by a manufacturer on units of output that are partially completed at the end of an accounting period.
Hence, the beginning work in process is not part of the equivalent units of production formula for computing equivalent units.
Therefore, the Option C is correct.
Missing Options "A. ending work in process B. units transferred out . beginning work in process D. none of these is correct"
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The marginal tax rate is equal to the Group of answer choices total amount of a person's tax payment divided by the total amount of the person's taxable income. total amount of a person's tax payment divided by the change in the person's taxable income. change in the person's tax payment divided by the total amount of the person's taxable income. change in the person's tax payment divided by the change in the person's taxable income.
The marginal tax rate is equal to the change in the person's tax payment divided by the change in the person's taxable income.
What is marginal tax rate?The marginal tax rate refers to the extra amount paid as tax for each additional dollar earned as income.
Hence, the marginal tax rate is equal to the change in the person's tax payment divided by the change in the person's taxable income.
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The arrival of the Great Recession brought an unprecedented increase in home mortgage defaults despite years of efforts to create more sophisticated underwriting methods and standards. This can be attributed to:
This can be attributed to period of turmoil in the financial markets at the time of the Great depression.
What is Great Depression?
Great depression refers to the great economic turn down which was stated due to the fall in the market of the stock prices in the year 1929 and 1930. It was the economic depression.
Despite years of efforts to develop more sophisticated underwriting procedures and regulations, the coming of the Great Recession prompted an unprecedented rise in house mortgage defaults. This is explained by period of turmoil in the financial markets.
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In the IS-LM model when government spending rises, in the short-run equilibrium, in the usual case the interest rate __________ and output ___________
In the IS-LM model when government spending rises, in the short-run equilibrium, in the usual case the interest rate rises and output rises.
What Is the IS-LM Model?The IS-LM version, which stands for "investment-savings" (IS) and "liquidity preference-cash supply" (LM) is a Keynesian macroeconomic version that suggests how the marketplace for monetary goods (IS) interacts with the loanable finances marketplace (LM) or cash marketplace.
It is represented as a graph wherein the IS and LM curves intersect to reveal the short-run equilibrium among hobby charges and output.
Your question is incomplete, but most probably your full question was:
In the IS-LM version while authorities spending rises, in short-run equilibrium, withinside the typical case, the interest rate ______ and output ______.
rises; fallsrises; risesfalls; risesfalls; fallsHence, the appropriate alternative is rises; rises.
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When a drone manufacturer decides to shift from producing and selling high-quality, high-end drones to producing drones at the lowest possible cost, it is changing its __________.
Such a switch from selling high quality drones to making drones at the lowest cost is a change in competitive strategy.
What is competitive strategy?This refers to the pricing method that a company uses to gain an edge in the market over its competitors.
Some companies decide to charge high prices but produce high quality goods while other companies produce cheaper goods at the lowest cost.
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