Answer: The cost of the goods that are sold for the second quarter should consist of the expected replacement cost of the goods that are temporarily liquidated.
Explanation:
From the question, we are informed that Dervish Company uses LIFO for all of its inventories and that during its second quarter of 2009, Dervish experienced a LIFO liquidation. We are further told that Dervish fully expects to replace the liquidated inventory in the early part of the third quarter.
When Dervish is reporting the inventory temporarily liquidated on its income statement for the second quarter, the cost of the goods that are sold for the second quarter should consist of the expected replacement cost of the temporarily liquated goods.
X Company acquired land in Costa Rica for a total cost of $45,000,000. Engineers conducted a study at an additional cost of $500,000 to determine that there were oil reserves that should yield approximately 1,000,000 barrels of oil. The purchase agreement includes a requirement that the land be restored when the oil has been extracted, which is expected to cost $1,300,000, after which the land is expected to be worth $4,500,000. In 20X2, X Company incurred $200,000 in development costs and extracted and sold 130,000 barrels of oil. How much depletion will X Company recognize during 20X2
Answer:
X Company will recognize $819,000 depletion in 20X2.
Explanation:
Depletion Expense = (Cost - Salvage Value) × (Period`s Production / Total Expected Production)
= ($45,000,000 + $500,000 + $1,300,000 - $4,500,000) / ( 130,000 / 1,000,000)
= $819,000
Note : Cost of Land Includes Purchase Price and any costs directly incurred in placing the land in condition required for operation by management as well as decommissioning costs.
Sara has a loan with an interest rate of 2% now, but according to the terms and conditions, the interest rate could quadrupole after 18 months. What term best summarizes the situation?
Answer: Variable interest rate loan
Explanation:
Given, Sara has a loan with an interest rate of 2% now, but according to the terms and conditions, the interest rate could quadrupole after 18 months.
That means the interest rate will change after 18 months.
The term that summarize the situations would be "variable interest rate loan"
A variable interest rate loan is defined as a loan in which the interest rate charged on the current balance fluctuates over time as market interest rates changes. It mostly generate more interest.Promotions that are designed to increase product availability in distribution channels are known as:
The question is incomplete:
Promotions that are designed to increase product availability in distribution channels are known as:
A) sales promotions.
B) price promotions.
C) trade sales promotions.
D) consumer sales promotions.
E) non-price promotions.
Answer:
C) trade sales promotions.
Explanation:
-Sales promotions is when companies give customers an incentive to try or buy the product.
-Price promotions is when companies decrease the price of the product to encourage people to purchase it.
-Trade sales promotions is an incentive given to intermediaries in the distribution channel to increase the sales by having the product available.
-Consumer sales promotions is when companies use different techniques like coupons and prizes to get customers to buy the product.
-Non-price promotions refers to offering customers incentives different to the price to encourage them to purchase the product.
According to this, the answer is that promotions that are designed to increase product availability in distribution channels are known as: trade sales promotions because companies offer incentives to their intermediaries to have the product available.
Fontaine and Monroe are forming a partnership. Fontaine invests a building that has a market value of $362,000; the partnership assumes responsibility for a $131,000 note secured by a mortgage on the property. Monroe invests $106,000 in cash and equipment that has a market value of $81,000. For the partnership, the amounts recorded for the building and for Fontaine's Capital account are:
Answer:
$362,000 building and $231,000 in Fontaine's capital account
Explanation:
Fontaine and Monroe are forming a partnership
Fontaine invests a building that has a market value of $362,000
The partnership assumes responsibility of $131,000 note
Monroe invests $106,000 in both cash and equipment
The market value is $81,000
Therefore, since the building has a market value of $362,000 then, the amount that is recorded for the building is $362,000
The amount recorded for Fontaine's capital account can be calculated as follows
= $362,000-$131,000
= $231,000
Hence the amount recorded in the building and Fontaine's capital account is $362,000 and $231,000 respectively
The Great Depression was caused by all of the following factors except Group of answer choices American industries and banks were not involved in the European economy some of the major banks did not have enough reserves to withstand an economic downturn prosperity was dependent on a few basic industries too few Americans were able to purchase goods produced by American industries there was an overwhelming maldistribution of wealth
Answer:
Correct answer:
1. American industries and banks were not involved in the European economy
Explanation:
The Great Depression is one of the worst period in the history of America where Americans where hit with severe economic crises. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors.
Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers.
In Lurnee, it takes 10 resources to produce 1 ton of cocoa and 13.5 resources to produce 1 ton of rice. In South Tyberg, it takes 40 resources to produce 1 ton of cocoa and 20 resources to produce 1 ton of rice. Lurnee has a comparative advantage over South Tyberg in cocoa. This follows the theory of comparative advantage, and we can say that engaging in free trade benefits all countries that participate in it; however, this conclusion stems from which of these inaccurate assumptions?
A. We have assumed that agrarian nations do not specialize in producing particular products.
B. We have assumed the prices of resources and exchange rates in the two countries are dynamic.
C. We have assumed diminishing returns to specialization.
D. We have assumed constant returns to scale.
E. We have assumed there are barriers to the movement of resources from the production of one good to another within the same country.
Answer: We have assumed constant returns to scale.
Explanation:
Comparative advantage simply stated that an economy should produce the goods whereby the said economy has a lower opportunity cost than its counterpart.
Based on the analysis in the question, the inaccurate assumption is that we have assumed constant returns to scale. This means that an increase in the inputs such as capital and labour which are used in producction will also cause an identical increase in output. In reality, this isn't always true.
The attitudes that Ryan's customers develop after they have purchased his yearly lawn care service will become the basis for determining whether they renew each year. He needs to demonstrate the ________ dimension of service quality by showing consistently well-maintained yards with neat, professional personnel.
Answer:
tangibles
Explanation:
In this situation, Ryan needs to demonstrate the tangibles dimension of service quality. This refers to the physical appearances of the service that he is providing, all of the things that the client can see and touch that will increase their positive outlook on Ryan and his business. In this case being the well-maintained yards, clean equipment, professional-looking employees, etc. These tangible factors will convince the clients to renew their subscription.
Which of the following is true of a corporation? Group of answer choices A corporation is owned by partners who have founded the business and have the right to manage it. A corporation does not have a life separate from its owners and its managers. A corporation has the ability to attract capital, more than the limited partnership. A corporation is not a tax-paying entity for federal income tax purposes.
Answer:
A corporation has the ability to attract capital more than the limited partnership
Explanation:
Corporation is defined as a group of people or company that come together to operate a business as a single entity with the approval of the government through incorporation.
Being a legal entity on its own , ownership is separated from the owners as the business itself can be held legally liable and it also pay income tax on the profits.
One of the advantages of corporation over the other forms of business is the ability to attract capital through issuing of share stocks , which form the basis of the size of ownership of each member.
state 2 reasons that lead to foreign trade.plz answer asap!!!
For imports:
You import when there is lack of production in your own country
or when another country offers a cheaper price and/or better quality good than your own country's industry
for exports:
production surplus.
Name 2 of the 10 School Based Enterprise instructional Units
Answer:
1. Financial Analysis
2. Marketing-Information Management
Explanation:
A school-based enterprise often referred to as SBE is an entrepreneurial undertaking in a school setting that participates in goods/services delivery to address the needs of the market.
SBEs are organized and regulated by students as practical learning laboratories that incorporate National Curriculum Standards in various departments such as marketing, finance, hospitality or management.
Hence, the full 10 School Based Enterprise instructional Units are the following:
1. Financial Analysis
2. Marketing-Information Management
3. Operations
4. Market Planning
5. Product/Service Management
6. Pricing
7. Distribution/Channel Management
8. Promotion
9. Selling
10. Human Resources Management
The best method for determining future social media targets is to establish benchmarks. You can do this by __________________.
Answer:
Extrapolating data from past efforts to estimate future success.
Explanation:
It can be done by “extrapolating the data from past efforts to estimates future success” because the past trend can be seen with the help of data and these trends are used to forecast future situations and it helps to plan the new policies and tactics that achieve the future target. Moreover, the analysis of data will also help to reach the social media target because it will tell how to work to reach the benchmark.
The Smiths are saving money for a down payment on a house. The Smiths have $25,000 in cash, and they estimate that in 5 years they will have approximately $31,000 if they deposit their cash in a savings account that compounds interest yearly. To calculate the $31,000 amount, the Smiths determined
Options :
A)net present value of the $25,000.
B)future value of the $25,000.
C)internal rate of the return on the $25,000.
D)present value of $25,000.
Answer: B)future value of the $25,000.
Explanation: The Smith's calculation and subsequent result which yielded $31,000 refers to the future value of $25,000. The initial $25000 is the present value of the amount held. If the initial amount is saved or deposited over a certain number of years in an account which yields a certain rate of interest per annum and is compounded either on a monthly, yearly, quarterly or semiannual basis as the case may be, in this scenario above, the interest is called mounded annually. This initial amount will grow and yield an amount which is greater than the present deposit. This is called the future value of the initial deposit.
A diversified company has a parenting advantage when it Multiple Choice results in supporting short-term economic shareholder value. avoids acquiring undervalued companies and thus reduces risks. is more able than other companies to create positive collaboration within its portfolio for different specialty groups and geographic locations. is more able than other companies to boost the combined performance of its individual businesses through its high-level guidance, general oversight, and other corporate-level contributions. manages a set of fundamentally similar business operations inside fundamentally similar industries and environments.
Answer: is more able than other companies to boost the combined performance of its individual businesses through its high-level guidance, general oversight, and other corporate-level contributions
Explanation: The parenting advantage is simply held by that company or organization who thrives more than it's competitors using strategic implementation and adding value to its individual operations in other to facilitate the performance of the company's businesses. Being able to outperform competitiors require high-level guidance and corporate strategy which involves the implementation of a well-defined blueprint designed through high level expertise capable aiding performance and value.
) If the multiplier is 4, then a decrease in investment spending of $200 causes a(n) in real GDP of $
Answer:
its b
Explanation:
Answer:
the answer is B
Explanation:
Executive pay at Ashance Inc., a manufacturing company, includes bonuses based on the year’s profits or other measures related to the organization’s goals. Sometimes, to gain tax advantages, the bonus is made part of executives’ retirement plans. Which of the following is being exemplified in this scenario?A. long-term incentivesB. balanced scorecardsC. piecework plansD. employee stock ownership plansE. short-term incentives
Answer:
Short-term incentive
Explanation:
The reason is that long term incentives are based on achiving goals that take more than a year and short term goals achievement duration is less than 12 months. This means that the profit maximization benefit is short term goal and the incentive on short term goal is short term incentive.
The company has gained the tax advantages by including the payment of the bonus in thier retirement plans which is an example of short term incentive.
Sweet Leaf Tea,a Texas-based maker of bottled iced tea,is a small but fast-growing firm that has gained a loyal following for its use of fresh,organic ingredients in its beverages.Although beverage industry experts recommended that Sweet Leaf replace the organic cane sugar and honey it uses with less costly high-fructose corn syrup,Sweet Leaf refused because of the company's mission to provide a high-quality,organic beverage to consumers.The 11-year-old company has 50 employees,and its products are available in 30% of the U.S.market.Sweet Leaf Tea recently received multimillion dollar investments which will enable the business to expand its national presence. Which of the following,if true,would most likely undermine the argument that Sweet Leaf Tea should implement a corporate-level strategy of vertical integration?A) Sweet Leaf Tea lacks the facilities or knowledge to produce the raw ingredients for its beverages.B) Market research suggests that Sweet Leaf Tea customers primarily purchase only one flavor of tea.C) Most loyal customers of Sweet Leaf Tea purchase the beverage at neighborhood convenience stores.D) Sweet Leaf Tea has decided to lower its prices by replacing cane sugar with corn syrup in some of its beverages.
Answer:
Correct Answer:
A) Sweet Leaf Tea lacks the facilities or knowledge to produce the raw ingredients for its beverages.
Explanation:
Vertical integration is a strategy whereby a company owns or controls its suppliers, distributors or retail locations which helps to control its product value and supply chain associated with the product it is selling.
Also, vertical integration benefits companies by allowing them to control process, reduce costs and improve efficiencies of the product. Since Sweet Leaf Tea Company lacks the facilities or knowledge to produce the raw ingredients for its beverages, it would definitely undermine its ambition.
The following sequence shows four operations for a computer chip assembly process and the effective capacity of each. Step 1: 500 chips/hour Step 2: 250 chips/hour Step 3: 200 chips/hour Step 4: 550 chips/hour Suppose the utilization is 70 percent of effective capacity. What is the actual output of the process?
Answer:
The actual output of the process is 140 per hour
Explanation:
The Bottleneck step is the one which assemble minimum number of chips per hour . Step 3 produces minimum number of chips (200 chips per hour). Therefore step 3 is the bottleneck step.
Since the steps are interlinked in sequence, the capacity of the process will be determined by the capacity of the bottleneck process. Therefore, effective capacity of the process = 200 chips per hour
Since utilization is 70% of effective capacity , the actual output of the process = Utilization x Effective Capacity
= 0.7 x 200
= 140 per hour
Thus, the actual output of the process is 140 per hour
The buyer of an industrial complex wants the broker to place the earnest money in an interest bearing account. The broker does this, clearly identifying all parties who are to receive the interest and the date the earned interest is to be disbursed. With only the verbal consent of the buyer, he places the money in an insured account in a depository in Florida. When the time comes to disburse the account, the broker will write a check to the buyer for the interest as the buyer agreed. Which statement describing this situation applies?
Answer:
Explanation:
In this situation, the statement that would best apply would be that the broker does not have the right to ever use an interest-bearing account under Florida Real Estate laws. Since Florida Real Estate laws specifically prohibit a broker from placing a clients money in an interest account then the broker in this scenario is breaking the law and can have his real estate license taken away as well as being fined.
In increasingly fast-paced markets, price and technology are not enough. ________ is the factor that will often give a company its competitive edge and is defined as the totality of features that affect how a product looks, feels, and functions in terms of customer requirements
Answer:
Design
Explanation:
Product design involves development of of ideas that will lead to new or different areas products.
Design of a product gives it a unique looks, feels, and functions in terms of customer requirements.
This provides a competitive advantage to the seller by differentiating this product from others in the market.
For example customers that purchase Sony televisions enjoy a unique quality that is associated with Sony televisions. They prefer to buy this product because of these unique traits
Harlose Suits faced a lot of complaints from customers when its recent batch of goods was dispatched. The employees at Harlose Suits, hence, had to rework on the returned items, and in some cases, the company had to even replace the faulty goods. In this case, the costs incurred by Harlose Suits are an example of _____.
Answer:
External failure costs.
Explanation:
These are explained to be the faults or defects a customer finds out or see after receiving his good and leaves the factory or finds out when goods or services has been delivered to him/her.
This can be either internal or external. When seen to be an internal aspect of the failure, costs result from identification of defects before they are shipped to customers. Some of these could include rejected products, reworking of defective units, scrap and also downtime caused by quality problem. It is said that a firms appraisal activities creates chances greater than the chance of catching defects internally and the greater the level of internal failure costs. This is the price that is paid to avoid incurring external failure costs, which can be devastating.
Answer: im trying to get points
1 2 3 4 5 6 7 8 9
A woman owns 50 acres of land with 500 feet of frontage on a desirable recreational lake. She wishes to subdivide the parcel into salable lots, but she wants to retain control over the lake frontage while allowing lot owners to have access to the lake. Which of the following types of access rights would provide the greatest protection for a prospective lot purchaser?a. Appurtenant easementb. Easement in grossc. Easement by necessityd. License
Answer:
Appurtenant easement
Explanation:
An appurtenant easement grants the dominant tenement the right to use any adjoining property that transfers with the land through the servient tenement.
While the servient tenement provides the easement . the dominant tenement benefits the easement
In the scenario given , the lots are dominant tenement being the beneficiary of the right to use the land while the lake frontage is the servient tenement as it provides the easement for the lots
Whenever possible, Lorraine tries to purchase organic foods for her family. She feels better knowing there is less pesticide residue in these products vs. conventionally produced foods. If she sees a product that bears the USDA Organic seal, of what can she be assured?
Answer:
The correct answer is: She can be assured of a lot of things. Explained below.
Explanation:
To begin with, the USDA organic certification is understood to be the one that assures the consumers to buy products that are 95% organic in those that have the certification because the department checked them out so that means that all the companies who have achieved the certificate then they are workind according with the standards provide by the U.S. Department of Agriculture. Moreover, the certification establishes that the food is free from genetic modification and irradiation and that they also have a greater content in nutrients that the other ones.
At the high level of activity in November, 7,000 machine hours were run and power costs were $18,000. In April, a month of low activity, 2,000 machine hours were run and power costs amounted to $9,000. Using the high-low method, the estimated fixed cost element of power costs is
Answer:
$5,400
Explanation:
During a high level of activity in the month of November, 7,000 machine hours were run and the power costs was $18,000
During a low level of activity in the month of April, 2,000 machine hours were run and the power costs was $9,000
The first step is to calculate the variable cost per unit
= (high power cost-low power cost)/(high machine hours-low machine hours)
= ($18,000-$9,000)/(7,000-2,000)
= 9,000/5,000
= 1.8
Therefore, the estimated fixed cost of the power costs can be calculated as follows
= High power cost-high machine hours×variable cost per unit
= $18,000-7,000×1.8
= 18,000-12,600
= $5,400
Hence the estimated fixed cost element of power costs is $5,400
Managers who believe that their native country, culture, language, and behavior are superior to all others are ____ managers. Multiple Choice maquiladoras geocentric polycentric ethnocentric diverse
Answer:
ethnocentric
Explanation:
ethnocentric managers believe that their culture is superior to other cultures.
polycentric mangers are mangers who believe that native managers in foreign offices are best suited to mange native workers
geocentric Managers believe that there are differences and similarities between home and foreign workers and practices. they believe that techniques adopted should be the most effective.
Joel was recently hired as a police officer in his city's police department. As part of employee training, his supervisor trains him off-site on the use of firearms. He does this so that Joel does not make any errors in real-life situations. In the given scenario, Joel is going through _____.
Answer:
On-the job training.
Explanation:
This is explained to be normal emphasized training that working staffs are seen to undergo; especially newly employed staffs, which is a direct training while doing the actual job they are been hired or paid for. A a good and reasonable trainee in this aspect is seen to be appreciative when given this chance to develop knowledge and skills without ever leaving work. In this employee training format, employees are seen to receive your workplace needs, norms, and culture and familiarize with them. Internal job training and employee development bring a special plus. This is why in the scenario above, Joel's supervisor trains him off-site on the use of firearms.
If a country did not participate in international trade, Group of answer choices it's production possibilities frontier is also its consumption possibilities frontier. interdependence is greater than would be the case with trade. it is better off because it will have to learn to be self-sufficient without trade. it can still benefit from international specialization.
Answer:
it's production possibilities frontier is also its consumption possibilities frontier
Explanation:
The production possibilities frontier shows the various combinations for the two goods an economy can produce when all its resources are fully employed.
The consumption possibility frontier, is the budget constraint where participants in international trade can consume. When a country doesn't participate in trade, it is this constraint identical to the the production–possibility frontier
Cost-push inflation is A. inflation caused by increases in aggregate demand that are not matched by increases in aggregate supply. B. inflation caused by decreases in aggregate supply that generate an even larger decrease in aggregate demand. C. inflation caused by decreases in aggregate supply that are not matched by decreases in aggregate demand. D. inflation caused by increases in aggregate demand that generate an even larger increase in aggregate supply.
Answer:
C. inflation caused by decreases in aggregate supply that are not matched by decreases in aggregate demand
Explanation:
Inflation occurs when the cost of a basket of goods increases over a period of time. The purchasing power of money is reduced. It is characterised by low supply and high demand.
There are two drivers of inflation: cost push inflation and demand pull inflation.
Cost push inflation results when there is an increase in cost of production of goods and services.
This reduces the amount of goods supplied and increases their price.
Demand does not reduce in this scenario, so reduced supply does not match the excess demand.
On the other hand demand pull inflation occurs when there is increased demand for goods and services. Supply cannot meet the increased demand
At meetings of the quality team, Juan is nervous about suggesting ideas
because he is not sure he understands why there are quality problems. What
would help Juan use positive workplace behaviors in the meetings?
Answer:
The correct option is;
D. Prepare by studying problems ahead of the meeting and listening carefully
Explanation:
Positive workplace behaviors in the meetings include preparation for the meeting to make the meeting productive for you and the other participants by ensuring;
1) Understanding the purpose of the meeting
2) Find out about the meeting agenda
3) To prepare for meetings
4) Make adequate preparation for the meeting
5) Know other attendees
6) Acquire and send out relevant information
It is important to study the problems ahead of the meeting and listen carefully to avoid being the one to ask others what the meeting was for when you join the meeting
Ensure the purpose for being at the meeting is clear and the meeting agenda is well known as well as what knowledge is expected and what is to be discussed.
Answer:
Prepare by studying problems ahead of the meeting and listening carefully
Explanation:
using the percentage of receivables method for recording bad debt expense, estimated uncollectible accounts are 14900, if the balance of the allowance for doubtful accounts is 19600 debit before adjustment, what is the amount of bad debt expense
Answer: Bad Debt expense= $34,500
Explanation:
Bad debt expense is the account receivables that a business records amount that would not be received due to lack of payment by its customers.
Using the percentage of receivables method,
Estimated uncollectibles = $14,900
unAdjusted balance in Allowance account = $ 19,600 debit
Bad Debt expense = Estimated uncollectibles +Unadjusted balance of a debit = $14,900 + $19,600= $34,500
This amount of $34,500 will now be recorded through an adjusting entry, The Bad Debt expense will be debited.
Which low risk investment would you choose if you were on a strict budget?
Real Estate
Stocks
Mutual Funds
Bonds
Answer:
Bonds is the low risk investment if you were on a strict budget.
Explanation:
The analysis bonds have been examined 'safe' investments is because, for the last 30 years, interest rates have been getting down, and when interest rates decline, bond values grow.
Surely, bonds are still technically more secured than stocks. They have a cheaper conventional deviation so you can assume less volatility as well. However, if the goal you’re spending in bonds is to have a fate of your money allotted to safe investments.
Bonds. Low risk investments is what your looking for.
