The following information is available for Coronado Company: Sales Revenue $389600 Freight-In $29300 Ending Inventory 37400 Purchase Returns and Allowances 14500 Purchases 269500 Beginning Inventory 45300 Coronado's cost of goods sold under a periodic inventory system is
Answer:
$262,900
Explanation:
Net purchases = Purchases - Purchase return and allowances
Net purchases = 269500 - 14500
Net purchases = $255000
Cost of goods available for sale = Beginning Inventory + Net Purchases
Cost of goods available for sale = 45300 + 255000
Cost of goods available for sale = $300300
Cost of Goods sold = Cost of goods available for sale - Ending inventory
Cost of Goods sold = 300300 - 37400
Cost of Goods sold = $262,900
So, Coronado's cost of goods sold under a periodic inventory system is $262,900.
A homeowner was injured when an automatic cutoff switch failed to function on a snowblower he was using. The cutoff switch had functioned well for a year after he purchased the snowblower but failed after the machine had been improperly repaired by a mechanic. The snowblower's operating manual contained a clear and prominent warning against making the very alteration to the switch mechanism that was made by the mechanic. The mechanic, however, did not have a manual available when he repaired the snowblower. Does the homeowner have a viable claim against the manufacturer of the snowblower for damages
Answer:
No, because the injury resulted from a substantial alteration of the snowblower by a third party.
Explanation:
The snowblower user had repaired the machine by a local mechanic. It was written on the operating manual that mechanics of the machine is not easy and if there is any alteration made to to switch the machine may function abnormally. The alteration was made to the snowblower despite of clear warning by the manufacturer. Therefore homeowner cannot have a valid claim against the manufacturer of snowblower for damages.
An investor owned a 100-acre parcel that contained several natural asphalt lakes. A construction company was erecting highways for the state in the vicinity of the investor's land and needed a supply of asphalt. The investor executed a document that, in return for a payment of $1 per barrel, gave the company the right to enter on the land and take asphalt in whatever quantities the company desired. The investor reserved the right to remove asphalt herself and to grant this right to others. Last year, the state commenced an action in eminent domain to take the investor's land for a public park. Is the construction company entitled to compensation
Answer: Yes
Explanation:
The construction company is entitled to compensation because it has a property right to enter and remove minerals.
The investor gave the construction company the right to use the properties on the land, if anything would be done on the land, the construction company should be compensated because they bought the right to do business there. Since the owner granted them the sole right, they are entitled to the resources.
A broker has an exclusive right-to-sell listing on a building. An offer to purchase the building is received while the owner is out of town. The offer requires a commitment from the seller before the seller is scheduled to return to the city. Under these circumstances, the
Answer:
Broker must obtain the signature of the seller to effect a contract.
We wish to develop a confidence interval for the population mean. The population follows the normal distribution, the standard deviation of the population is 3, and we have a sample of 10 observations. We decide to use the 90 percent level of confidence. The appropriate value of to represent the level of confidence is ________________.
A landowner owned a large piece of property containing an inn and a bakery. She entered into a contract to sell the property to a purchaser for $1 million. The contract was recorded. The purchaser gave the landowner $200,000 as earnest money. The closing date was set for September 10, two months after the signing of the contract. On August 10, an arsonist set fire to the inn, which burned to the ground. On September 10, the landowner appeared at the closing and tendered the deed to the property. The buyer refused to tender the remaining $800,000 of the purchase price and demanded the return of his earnest money. The landowner sued the buyer for specific performance of the contract. The buyer countersued for the return of his earnest money. Both parties stipulate that the value of the property without the inn is $600,000, that insurance on the property had lapsed, and that the common law, unmodified by statute, applies. What is the most likely result at trial
Answer:
The most likely result at trial is that the landowner's claim for specific performance will be successful, and she will be awarded the entire price of contract.
Explanation:
When there isn't a statute, the buyer bears the risk of loss when property subject to a contract for sale is destroyed without fault of any party prior to the date specified for closing. Unless the contract specifies otherwise, the buyer must pay the contract price even if the property is damaged by fire.
The inn was burned down in this case after the landowner and the buyer signed a contract for the sale of the property, but before the closing date. The contract appears to be silent on the risk of loss, and no appropriate statute exists. As a result of the common law rule, the buyer bears the risk of loss. Therefore, the landowner has the right to particular execution of the contract, which implies that the entire stipulated contract price must be paid by the buyer.
Regardless of the property's drop in worth owing to the fire, the $1 million contract price must be paid by the buyer because he bears the risk of loss.
Therefore, the most likely result at trial is that the landowner's claim for specific performance will be successful, and she will be awarded the entire price of contract.
The receptionist at Brunt Inc. is punctual, polite, and always cheerful. The firm's employees and customers all love her. However, she has difficulty with the clerical tasks that the firm's prior receptionists handled. The receptionist's supervisor recommends redesigning the receptionist's job. That recommendation would be most appropriate in which situation?
The recommendation proposed by the supervisor would be the most adequate in a circumstance when 'The employee is highly motivated but lacks the ability, and training is not expected to help.'
In an organization, a recommendation for replacing an employee is made only when the employee fails to accomplish the required responsibility adequately. In the given situation, the receptionist despite being extremely prompt, activated, and humble fails to complete the given duties as she lacks the required skills to justify her job's position in the company. Thus, the recommendation for replacing her would be adequate as she lags behind in accomplishing the clerical tasks that play a key role in the organization's management.Learn more about 'job recommendation' here:
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A condo owner, a citizen of State A, hired an electrician, a citizen of State A, and a gas worker, a citizen of State B, to fix the wiring in his condo and install a new gas stove. Unfortunately, the condo burned down while they were working on it. The condo owner sued the gas worker for negligence, seeking $100,000. The gas worker files a motion to dismiss the case for failure to join the electrician, alleging that he contributed to the fire. How should the court rule
Answer:
Deny the motion, because the electrician is not a necessary party.
Explanation:
A necessary party is defined as a party that is required to be joined as part of a case and without who a case cannot be decided.
The party must be indispensable in the ruling to be considered as being required to be joined.
However in this scenario either electrician or the gas worker can be held entirely responsible for the fire. So the case can be satisfactorily decided without joining the electrician.
The home owner can raise a seperate case against the electrician if he so feels in the future.
Under this kind of program, cities demolished poor neighborhoods in city centers that occupied potentially valuable real estate; in its place were constructed retail centers and all-white middle-income housing complexes. a.white flight b.neighborhood stabilization program c.urban renewal d.suburbs
The description explained depicts urban renewal.
Urban renewal were the policies that were out in place to enable housing authorities and local governments to demolish the neighborhoods that were considered to be blighted and poor and then replace such neighborhoods with real estate that were more valuable and were usually reserved for the white people.
Houses that were seen to be slums were destroyed and newer and fascinating neighborhood were constructed.
In conclusion, the correct option is C "urban renewal".
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When there are economies of scale, (1pts) Question 12 - When there are economies of scale, Select d) output does not affect per-unit costs as your answer d) output does not affect per-unit costs Select a) per-unit costs increase as output increases as your answer a) per-unit costs increase as output increases Select b) per-unit costs decrease as output increases as your answer b) per-unit costs decrease as output increases Select c) per-unit costs are constant as output increases as your answer c) per-unit costs are constant as output increases
Answer:
per-unit costs decrease as output increases
Explanation:
In simple words, Economies of scale can be understood s the cost benefits that businesses receive as a result of their size of operation. As the expense per unit of production decreases because scale increases. Because expenses are dispersed among a greater quantity of items this occurs.
Thus, from the above we can conclude that the correct option is B.
You work in an office and one of your co-workers has announced his retirement. You have offered to purchase the retirement gift, so you place a collection jar in the lunch room for anonymous donations to help pay for the gift. After a week you find that very few dollars are in the jar, so you end up paying for a large share of the retirement gift. You are the victim of the:
A. common resource problem.
B. private good problem.
C. overuse of a common resource problem.
D. free-rider problem.
Answer:
D
Explanation:
The free rider problem is a form of market failure. It occurs when people benefit from a good or service of communal nature and do not pay to enjoy these services.
Because you have offered to buy the gift, fellow employees are not bound to make donations to buy the gift. This is because regardless of if donations are made, you would still purchase the gift
Select all the correct answers. Which two research options are examples of secondary sources? Select all the correct answers.
Answer:
Research studies, Case studies, Books, Information from organization's database.
Explanation:
The secondary sources are defined as the sources that is used to describe or summarize or discuss the information and the details which is originally presented in the other sources. It provides a good overview of the topic or the subject that we are studying or doing a research.
Some of the secondary researches during a research process are :
Research studies, Case studies, Books, Information from organization's database.
important of doctor any five
Answer:
saving life, extending life, humanitarian work, controlling epidemic and conducting research
Kelley is a plant manager for O'Donnell Industries, Inc. Though she spends time performing all management functions, she is mostly tasked with tactical planning and controlling. Kelley's position would be classified as part of O'Donnell's __________ management.
Answer:
Middle Management.
Y Corporation's password protection policy requires all employees to change their passwords every week. Because of this requirement, technical support spent a significant amount of time solving password problems for employees who forgot their passwords. To increase efficiency, the CEO of Y Corporation canceled the policy and subsequently required employees to change their passwords once a year
a. collusion
b. management override
c. external events beyond an organization's control
d. unsuitable objectives for internal control
e. human error
f. cost v. benefit
What is the percent change in price when the price drops from $6 to $5? What is the percent change in price when the price drops from $6 to $5? Assume your answer is a percent and answer a numeric value only.
Answer:
16.7%
Explanation:
100/6 = 16.666666667% = 1/6
6-5 = 1
1/6 of the price is taken away so 1/6 is the percent it dropped.
Assuming number 6, then answer in numerical value in 16.7%.
What is the price?
Pricing is a very important factor in determining how well-liked a product is in the market.
100/6 = 16.666666667%
= 1/6
6-5 = 1
The price reduced by 1/6, or 1/6 of the original amount.
As a result, 16.7% is accurate.
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Three business people who wish to invest in a new company. Each person is willing to pay one third of the total investment. . After careful calculation, they realize that each of them would pay $ 7600 less if they could find two more equal investors. How much is the total investment in the new business.
A) $ 64,000
B) $ 54,000
C) $ 21,000
D) $ 5,400
E)e) $57,000
1
1
What is the answer?? I need help please
Answer:
B. The mixed economy.
Explanation:
An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.
Hence, a region's or country's economy is largely dependent on how resources are being allocated and utilized, how many goods and services are to be produced, what should be produced, for whom they are to be produced for and how much money are to be spent by the consumers to acquire these goods and services.
Basically, there are four (4) main types of economy and these are;
I. Command economy.
II. Free market economy.
III. Traditional economy.
IV. Mixed economy.
A mixed economy can be defined as a type of economy in which the government of a particular country is minimally involved in the allocation and production of goods and services while protecting the interest of the consumers and regulating the market by establishing laws.
This ultimately implies that, a mixed economy is a combination of two or more economy such as centralized economy and capitalist economy i.e the state and private sector control the economy in a country.
For the year ended December 31, 2021, Norstar Industries reported net income of $965,000. At January 1, 2021, the company had 1,070,000 common shares outstanding. The following changes in the number of shares occurred during 2021: Apr. 30 Sold 85,000 shares in a public offering.May 24 Declared and distributed a 5% stock dividend.June 1 Issued 96,000 shares as part of the consideration for the purchase of assets from a subsidiary.Required:Compute Norstar's earnings per share for the year ended December 31, 2021. (Enter your answers in thousands. Round "EPS" answer to 2 decimal places. Do not round intermediate calculations.) Numerator = ? Denominator = ?Earnings per share = ?
Answer:
0.78
Explanation:
The computation of the earning per share is given below;
= $965,000 ÷ 1,239,000
= 0.78
The 1,239,000 comes from
= 1,070,000 × 12 ÷ 12 + 85000 × 8 ÷ 12 + 96,000 × 7 ÷ 12 + (1,070,000 + 56,667) × 5%
= 1,070,000 + 56,667 + 56,000 + 56,333
= 1,239,000
Quality cost information reports ______. Multiple select question. show managers if quality control costs are poorly distributed help identify the financial cost of defects give managers an idea of where to focus quality control efforts always identify lost sales from customer ill will
Answer:
• show managers if quality control costs are poorly distributed
• help identify the financial cost of defects
• give managers an idea of where to -focus quality control efforts
Explanation:
Quality costs refers to the costs that is associated with the prevention, detection and remediating of product issues that are related to quality.
The uses of quality cost information include:
• show managers if quality control costs are poorly distributed
• help identify the financial cost of defects
• give managers an idea of where to -focus quality control efforts
An employee was suspended for two weeks for drug use. Six months later, the employee was fired from the job because her productivity did not show any improvement even after undergoing treatment for drug use. Which form of discharge did the employee experience
Because attempting to define a particular market can be difficult and controversial the Federal Trade Commission has begun to look less at market share and more at the data on actual ______________________________. competition in the overall economy selective anti-competitive industry practices competition between businesses market definition
Answer:
competition between businesses
Explanation:
The Federal Trade Commission can be regarded as independent agency that is been set up by United States government to enforce antitrust law as well as carry out of the promotion of consumer protection. Since to define a market can seems difficult, they tends to use competition between businesses when carrying out their operation. Business competition can be regarded as a process whereby different companies as well as individuals compete in the same industry, this could be in the type of product and services been offered, with compitition, the consumers can have different options when seeking for product not services to consume.
Your clients, spouses Jared and Joaquim, are both 33 years old. They are concerned about saving money for a down payment on a home. Currently they have $120,000 set aside for that purpose. They plan to start a family in about a year and would like to buy the home in six months. The amount they have saved is more than 20% of the value of the homes in the area they want to move. They look to you for a place to save the money until they need it. Which of the following is the most suitable recommendation for the couple?
A) A 26-week T-bill
B) The Windmill Growth Fund
C) The Oldtime Life Insurance Company Variable Annuity
D) The Benji Money Market fund
Answer:
) The Oldtime Life Insurance Company Variable Annuity
Why feasibility analysis is important before starting a new business venture?state the role feasibility analysis with in entrepreneurial success.
write how one can become a skillful manager
Answer:
One can become a skillful manager with general knowledge and people skills
Explanation:
Every manager has indaviduals working under him or her, so they need to be able to communicate with their subordinates. Thats is where the people skills comes into play. Additionally, every manager needs to know alot about what they are managing, depending on if they are managing a product, or a shift at a restaurant, they need to know how things operate. This usually comes with expeirence. The third skill that every manager needs is problem solving. When a problem arises, it is a managers job to fix problems or delagte tasks to people to fix problems.
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Why must successful managers recognize opportunities and threats in their company external environment? a. If they identify all of the environmental threats, they are guaranteed to acquire large market share. b. If they identify all of the environmental opportunities, they are guaranteed to acquire large market share. c. If they misread the market, they are likely to become rich. d. If they miscalculate the market, opportunities will be lost.
Answer:
d. If they miscalculate the market, opportunities will be lost.
Explanation:
The external environment is the environment that cannot control by the organization. It can be in form of opportunities and threats which company have to take care off
So in the case when the managers recognize these things in the external environment so this means if they didnot calculate the market properly so the opportunities could be lost due to which they cant capture the market share of the market and the competitor took this advantage,
A cash equivalent is: Multiple Choice Generally within 3 years of its maturity date. Close to its maturity date but its market value may still be affected by interest rate changes. Is not considered highly liquid. Another name for cash. An investment readily convertible to a known amount of cash.
Answer:
An investment readily convertible to a known amount of cash
Explanation:
Cash equivalents are items usually recognized in the balance sheet along with cash (then names Cash and cash equivalent) that are readily or easily convertible to cash at an amount that is measurable.
Examples of cash equivalents include commercial papers, bank certificate of deposit, treasury bills usually with a tenor of 3 months or less etc.
Cash equivalents are assets and help improve the company's liquidity.
A famous jazz pianist and a nightclub owner executed a contract that called for the pianist to perform at the nightclub five times per week for six months. The contract prohibited the pianist from giving public performances during the contract period at any other venue located within a specified distance of the nightclub. Three months into the contract term, the pianist received a more lucrative offer to play a series of shows at a restaurant located within the contractually prohibited area. The pianist accepted the offer. Upon learning about this arrangement, the nightclub owner filed a suit seeking an injunction to prevent the pianist from performing at the restaurant. The nightclub owner has made no attempt to hire another performer to replace the pianist. The judge determines that the contract restriction on the pianist is reasonable. Is the judge likely to grant the injunction
Answer:
Famous Jazz Pianist and a Nightclub Owner
The judge is likely to grant the injunction to prevent the pianist from performing at the restaurant.
Explanation:
This opinion is based on the determination already reached by the judge that the contract restriction on the pianist is reasonable. The contract is valid with clear terms legally agreed to by the pianist and the nightclub owner. The pianist is expected to abide by the terms of the contract, which do not impose a total restriction on his trade.
Keynesian economists ________. A) observe that prices respond slowly to changes in supply and demand B) believe that the classical dichotomy does not hold in the short run C) believe that monetary policy affect aggregate output and the real interest rate D) all of the above
Answer:
The choose D.All of the above
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State any four uses of funding in a new business
Answer:
Some of these funding options are for Indian business, however, similar alternatives are available in different countries.
Bootstrapping your startup businessCrowdfunding As A Funding OptionGet Angel Investment In Your StartupGet Venture Capital For Your Business