Answer:
One of the most typical methods for Custom Bath Bomb Container is flexographic and offset printing. https://custompackagingpro.com/product/custom-printed-bath-bomb-packaging-boxes
A point outside (to the right of) the production possibilities curve of a nation implies that this nation is using its resources fully. implies that there are unemployed resources in this nation. is easily attainable for this nation. is not attainable for this nation. Submit
Answer:
is not attainable for this nation
Explanation:
The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.
The PPC is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
Point outside the curve or to the right of the curve means that the production level is not attainable given the level of resources
Points inside the production possibilities curve means that the nations resources are not being fully utilised
Factors that cause the PPF to shift
1. changes in technology.
2. changes in available resources.
3. changes in the labour force.
Given that the DM price of the ECU was 2.0583 and the DG price of the ECU was 2.3194. Then the DG price of the DM by cross rates is given by:______
a. DM = about 4.73 DG.
b. DM = about .26 DG.
c. DM = about 1.13 DG.odno
d. DM = about .89 DG.
Answer:
Option c (DM = about 1.13 DG) is the right approach.
Explanation:
Given:
DM price,
= 2.0583
DG price,
= 2.3194
Now,
By cross rates, the DG price of DM will be:
= [tex]\frac{2.3194}{2.0583}[/tex]
= [tex]1.13[/tex]
Thus the above is the correct option.
Romano Corporation has three operating divisions and requires a 12% return on all investments. Selected information is presented here:
Required:
Calculate the missing amounts for each division. (Do not round intermediate calculations. Round "Margin", "Turnover" and "ROI" to 2 decimal places.)
Division X Division Y Division Z
Revenues $1,006,000
Operating income $105,600 $104,900
Operating assets $419,800 $298,200
Margin % 14.00 % %
Turnover turn(s) 1.00 turn(s) 3.00 turn(s)
ROI % % %
Residual income $28,690
Answer:
DIVISION X
Revenues = $1006000
Operating income = $105600
Operating assets = $419800
Margin = (Income*100/Revenue) = $105600*100/$1006000 = 10.50%
Turnover = (Turnover/Assets) = $1006000/$419800 = 2.4 times
ROI = (income*100/assets) = 105600*100/419800 = 25.15%
Residual Income = (105600-419800*12%) = $55224
DIVISION Y
Revenues = $298200*1 = $298200
Operating income = $298200*14% = $41748
Operating assets = $298200
Margin = 14%
Turnover = 1 times
ROI = (income*100/assets) = $41748*100/$298200 = 14%
Residual Income = (41748-298200*12%) = $5964
DIVISION Z
Revenues = $635083.33 * 3 = $1905250
Operating income = $104900
Operating assets = (104900-28690)*100/12 = $635083.33
Margin = (Income*100/Revenue) = $104900*100/$1905250 = 5.51%
Turnover = 3 times
ROI = (income*100/assets = 5.51% * 3 = 16.53%
Residual Income = $28690
Select the behavior related to dress or posture that will be most effective in helping Shawna accomplish her goals.
a. Shawna clasps her hands behind her back so that the audience cannot see them shaking, and to project confidence.
b. Shawna has her formal gown dry-cleaned so that it will be ready for her to wear at the event.
c. Shawna crosses her arms to appear powerful and in charge.
d. Shawna wears a hard hat and kitchen apron to emphasize the hard work done by volunteers.
Answer: b. Shawna has her formal gown dry-cleaned so that it will be ready for her to wear at the event
Explanation:
The behavior that's related to dress or posture that will be most effective in helping Shawna accomplish her goals is that Shawna has her formal gown dry-cleaned so that it will be ready for her to wear at the event.
Unlike other options such as her clasping her hands behind her back so that the audience cannot see them shaking, and to project confidence and her crossing her arms to appear powerful and in charge, having her dress ready for the event is appropriate as it will help achieve her goal
Therefore, the correct option is B.
Kawamura, a careful utility maximizer, consumes peanut butter and ice cream. Assume that both peanut butter and ice cream are normal goods and that diminishing marginal utility applies to both goods. Right after he achieves the utility-maximizing level of consumption of the two goods, the price of peanut butter falls. After he adjusts to this event, the marginal utility of peanut butter goes _____ and that of ice cream goes _____.
Answer:
The marginal utility of peanut butter goes down and that of ice cream goes up.
Explanation:
The substitution effect states that when the price of a product falls, it will lead to a rise in the quantity demanded of the product as buyers will buy more of the product that is now relatively cheaper.
And as more of a good is bought, its marginal utility falls. And as less of a product is bought, its marginal utility increases.
Based on the above explanation therefore, the marginal utility of peanut butter goes down and that of ice cream goes up after Kawamura adjusts to the event.
This is because as more of peanut butter is bought due to the fall in its price, its marginal utility falls. And as less of ice cream is bought as it is now relatively more expensive, its marginal utility increases.
The diameter of a brand of tennis balls is approximately normally distributed, with a mean of 2.56
inches and a standard deviation of 0.04
inch. A random sample of 11
tennis balls is selected. Complete parts (a) through (d) below.
Answer:
sample mean = 2.63 inches
sample standard deviation = \frac{standard \hspace{0.15cm} deviation}{\sqrt{n} } = \frac{0.03}{\sqrt{9} } = \frac{0.03}{3} = 0.01
n
standarddeviation
=
9
0.03
=
3
0.03
=0.01
b) P(X < 2.61) = 0.0228
c.) P(2.62 < X < 2.64) = 0.6827
d.) Therefore 0.06 = P(2.6292 < X < 2.6307)
Step-by-step explanation:
i) the diameter of a brand of tennis balls is approximately normally distributed.
ii) mean = 2.63 inches
iii) standard deviation = 0.03 inches
iv) random sample of 9 tennis balls
v) sample mean = 2.63 inches
vi) sample standard deviation = \frac{standard \hspace{0.15cm} deviation}{\sqrt{n} } = \frac{0.03}{\sqrt{9} } = \frac{0.03}{3} = 0.01
n
standarddeviation
=
9
0.03
=
3
0.03
=0.01
vii) the sample mean is less than 2.61 inches = P(X < 2.61) = 0.0228
viii)the probability that the sample mean is between 2.62 and 2.64 inches
P(2.62 < X < 2.64) = 0.6827
ix) The probability is 6-% that the sample mean will be between what two values symmetrically distributed around the population measure
Therefore 0.06 = P(2.6292 < X < 2.6307)
Type your answer in the box.
For a population with u = 25 and = 5, we would expect 90% of all x's calculated from n = 35 to
fall between
and
(Round to two decimals.)
Do you know the answer?
D Read about this
I know it
Think so
Unsure
No idea
Answer:
Your answer is given below:
Explanation:
If a coupon bond has two years to maturity, a coupon rate of 10 %, a par value of $1000 , and a yield to maturity of 12 %, then the coupon bond will sell for $nothing . (Round your response to the nearest two decimal place) The price of a bond and its yield to maturity are ▼ positively related negatively related unrelated .
Answer:
The right solution is "$966.27".
Explanation:
Given values are:
Coupon rate,
= 10%
Par value,
= $1000
Yield of maturity,
= 12%
then,
Coupon will be:
= [tex]1000\times 10 \ percent[/tex]
= [tex]1000\times 0.1[/tex]
= [tex]100[/tex] ($)
Now,
The present value of coupon will be:
= [tex]A\times \frac{(1-(1+r)^n)}{r}[/tex]
By putting the value, we get
= [tex]100\times \frac{1-(1.12)^{-2}}{0.12}[/tex]
= [tex]100\times \frac{1-0.7971}{0.12}[/tex]
= [tex]100\times \frac{0.2029}{0.12}[/tex]
= [tex]169.08[/tex] ($)
The present value of par value will be:
= [tex]\frac{1000}{(1+12 \ percent)^2}[/tex]
= [tex]\frac{1000}{(1.12)^2}[/tex]
= [tex]797.19[/tex] ($)
hence,
The price of bond will be:
= [tex]Present \ value \ of \ coupon+Present \ value \ of \ par \ value[/tex]
= [tex]169.08+797.19[/tex]
= [tex]966.27[/tex] ($)
The dividend yield is: multiple choice annual cash dividends per share divided by market value per share. annual cash dividends per share multiplied by market value per share. market value per share divided by annual cash dividends per share. market value per share multiplied by annual cash dividends per share.
Answer:
Annual Cash divided by the Price per share
Explanation:
Dividends are paid out by a company's earnings (cash) and is distributed annually to shareholders price per share.
Suppose the ABC bank has excess reserves of $3,000 and checkable deposits of $50,000. If the reserve requirement is 20 percent, what is the size of the bank's actual reserves?
a. $53,000
b. $13,000
c. $10,000
d. $7,000
Answer:
b. $13,000
Explanation:
Calculation to determine the size of the bank's actual reserves
Using this formula
Actual reserves size=Excess reserves+(Checkable deposits*Reserve requirement)
Let plug in the formula
Actual reserves size=$3,000+(.20*$50,000)
Actual reserves size=$3,000+$10,000
Actual reserves size=$13,000
Therefore the size of the bank's actual reserves is $13,000
In the last few decades the car manufacturing sector has found it difficult to compete with foreign car imports. High labor costs is one of the main reasons economist site as the lack of competitiveness for the car manufacturing industry. If there was modest inflation, how could it possibly help the car manufacturing industry in the United States compete with foreign car manufacturers?
a. The consumers of the cars have increased purchasing power.
b. Business loans would cost less for the U.S. car manufacturers.
c. It could allow real wages to downwardly adjust more easily.
Answer: c. It could allow real wages to downwardly adjust more easily.
Explanation:
When there is modest inflation, companies in the car manufacturing industry can simply decide not to increase nominal wages. This would lead to a fall in real wages as inflation would ensure that the nominal wages are less than they were worth before.
This decrease in real wages will allow the companies in the industry to reduce labor costs in real terms and become more competitive with the foreign manufacturers.
Twenty graduate students in business were asked how many credit hours they were taking in the current quarter. Their responses are shown as follows:
Student Number Credit Hours Student Number Credit Hours Student Number Credit Hours
1 2 8 8 15 10
2 7 9 12 16 6
3 9 10 11 17 9
4 9 11 6 18 6
5 8 12 5 19 9
6 11 13 9 20 10
7 6 14 13
Required:
a. Determine the mean, median, and mode for this sample of data. Write a sentence explaining what each means.
b. It has been suggested that graduate students in business take fewer credits per quarter than the typical graduate student at this university. The mean for all graduate students is 9.1 credit hours per quarter, and the data are normally distributed. Set up the appropriate null and alternative hypotheses, and determine whether the null hypothesis can be rejected at a 95 percent confidence level.
Answer:
Since the calculated value of t= -1.016 does not fall in the critical region t ≥ 1.729 we conclude that the mean for all graduate students is 8.5 and fail to reject the null hypothesis.
Explanation:
Student Credit Student Credit Student Credit
Number Hours Number Hours Number Hours
1 2 8 8 15 10
2 7 9 12 16 6
3 9 10 11 17 9
4 9 11 6 18 6
5 8 12 5 19 9
6 11 13 9 20 10
7 6 14 13
The mean is the value which gives the average value of all the data.It is obtained by adding the value and dividing it by the number of values.
x`= ∑x/n
x`=2 +8 +10+ 7+ 12 + 6+ 9 +11+ 9 +9 +6 + 6 +8 + 5+ 9 +11+ 9+ 10+ 6 + 13/20
x`= 8.3
Median is the middle value which divides the data into two equal halves.
2 5,6,6,6,6, 7,8 ,8, 9,9, 9,9 ,9 ,10, 10,11,11, 12 , 13
For even number
Median = n/2=10 th.
Here the 10th value is 9 when the data is arranged in ascending order.
Mode=9
Mode gives the repeated value .
Let the hypotheses be
H0 : u = 8.5 vs Ha: u ≥ 8.5
The mean for all graduate students is 8.5
against the claim that
The mean for all graduate students is greater than 8.5
The sample mean x`= 8.5 and standard deviation s= 2.64
Putting in the test statistic
t= x`- u / s/ √n
t= 8.5-9.1/2.64/√20
t= -0.6/2.64/4.472
t= -1.016
The critical region for alpha = 0.05 for one tailed test with n-1= 2-0-1= 19 degrees of freedom is t ≥ 1.729
Since the calculated value of t= -1.016 does not fall in the critical region t ≥ 1.729 we conclude that the mean for all graduate students is 8.5 and fail to reject the null hypothesis.
ABC Company's production budget for March is 32,000 units. Budgeted fixed overhead is $64,000. ABC's standard fixed overhead application rate is $2 per machine hour and each unit is allowed a standard of 1 hour of machine time. Actual fixed overhead for March is $67,000 Actual production in March is 36,000 units. To calculate its standard fixed overhead application rate, ABC divided its budgeted (units/overhead) by its budgeted (units/overhead)
Answer:
Overheads by its budgeted units.
Explanation:
Given that
Budgeted fixed overhead = $64,000
Budgeted output = 32,000 units
We know that
Standard fixed overhead application rate is
= Budgeted fixed overhead ÷ Budgeted output
= $64,000 ÷ 32,000
= $2 per unit
So, Overheads by its budgeted units.
Zhang Industries sells a product for $700 per unit. Unit sales for May were 400, and each month's unit sales are expected to grow by 3%. Zhang pays a sales manager a monthly salary of $3,000 and a commission of 2% of sales. Compute the budgeted selling expense for the manager for the month ended June 30.
Answer:
Zhang Industries
The Budgeted selling expense for the manger for the month ended June 30 is:
= $8,768.
Explanation:
a) Data and Calculations:
Selling price per unit = $700
Unit sales for May = 400
Expected growth of unit sales each month = 3%
Unit sales for June = 412 (400 * 1.03)
Sales revenue for June = $288,400 ($700 * 412)
Monthly sales salary to the sales manager = $3,000
Monthly sales commission = 2% of sales
Budgeted selling expense for the manger for the month ended June 30:
Monthly sales salary to the sales manager = $3,000
Monthly sales commission = 2% of sales 5,768 ($288,400 * 2%)
Total selling expense for the month = $8,768
what is least likely to get managers to act in best interest of the owner threat of a prozy fight stock option plans
Answer:
The least likely to get managers to act in the best interest of the owner is:
stock option plans.
Explanation:
But with the threat of a proxy fight, managers get up to speed, acting in the best interest of the owners of the firm because their jobs are at stake. The main purpose of a proxy fight is the removal of the current management of the firm. During a proxy fight, contest, or battle, some shareholders in a company attempt to oppose and vote out the current management or board of directors. On the other hand, stock option plans reward managers with employee ownership rights at discounted prices.
Given below are several ratios. Select the accounts or amounts that would be used in order to calculate the ratio. You will have more than one response to each ratio. Some accounts or amounts may not be used at all. (Select all that apply.) Debt-to-equity ratio a.Cash paid for acquisitions b.Interest expense c.Total dividends paid d.Cash flow from operations before interest and tax payments e.Total stockholders' equity f.Net income g.Total liabilities h.Cash flow from operations
Answer:
Total stockholders' equity.Total liabilities.Explanation:
The Debt to equity ratio shows the proportions of the financing options used to finance the operations of the company namely debt and equity.
It is calculated by the formula:
= Total liabilities / Total stockholders' equity * 100%
As shown by the formula , the relevant accounts are:
Total stockholders' equity.Total liabilities.What type of companies engage in marketing?
Answer:
American Heart Association (AHA), Walmart, Procter & Gamble.
Explanation:
Dixie Bank offers a certificate of deposit with an option to select your own investment period. Jonathan has $8 comma 000 for his CD investment. If the bank is offering a 6 % interest rate, compounded annually, how much will the CD be worth at maturity if Jonathan picks a a. two -year investment period? b. six -year investment period? c. ten -year investment period? d. fifteen -year investment period?
Answer:
A = P * (1 + r/n)^nt. Where A = Maturity amount = ? P = Principal amount = $8,000, r = Rate of interest = 6%, n = Number of compounding per year = 1, t = Number of year
a. t = 2
A = $8,000 * (1 + 0.06/1)^1*2
A = $8,000 * (1.06)^2
A = $8,000 * 1.1236
A = $8,988.80
b. t = 6
A = $8,000 * (1 + 0.06/1)^1*6
A = $8,000 * (1.06)^6
A = $8,000 * 1.418519
A = 11348.152
A = $11,348.15
c. t = 10
A = $8,000 * (1 + 0.06/1)^1*10
A = $8,000 * (1.06)^10
A = $8,000 * 1.7908477
A = 14326.7816
A = $14,326.78
d. t = 15
A = $8,000 * (1 + 0.06/1)^1*15
A = $8,000 * (1.06)^15
A = $8,000 * 2.3965581931
A = 19172.4655448
A = $19,172.47
Cane Company manufactures two products called Alpha and Beta that sell for $130 and $90, respectively. Each product uses only one type of raw material that costs $5 per pound. The company has the capacity to annually produce 102,000 units of each product. Its average cost per unit for each product at this level of activity are given below: Alpha Beta Direct materials $ 25 $ 10 Direct labor 22 21 Variable manufacturing overhead 17 7 Traceable fixed manufacturing overhead 18 20 Variable selling expenses 14 10 Common fixed expenses 17 12 Total cost per unit $ 113 $ 80 The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are unavoidable and have been allocated to products based on sales dollars. 9. Assume that Cane expects to produce and sell 82,000 Alphas during the current year. A supplier has offered to manufacture and deliver 82,000 Alphas to Cane for a price of $88 per unit. What is the financial advantage (disadvantage) of buying 82,000 units from the supplier instead of making those units
Answer:
Cane Company
The financial advantage of buying 82,000 units from the supplier instead of making those units is:
= $656,000.
Explanation:
a) Data and Calculations:
Alpha Beta
Selling price $130 $90
Annual production capacity 102,000 102,000 units
Direct materials per unit $25 $10
Direct labor 22 21
Variable manufacturing overhead 17 7
Traceable fixed manufacturing overhead 18 20
Variable selling expenses 14 10
Common fixed expenses 17 12
Total cost per unit $ 113 $ 80
Cost of Alphas Make Buy Difference
Direct materials per unit $25
Direct labor 22
Variable manufacturing overhead 17
Traceable fixed manufacturing overhead 18
Variable selling expenses 14
Total cost per unit $ 96 $ 88 $ 8
Expected production/sales and purchase 82,000 82,000 82,000
Total cost or producing or buying $7,872,00 $7,216,000 $656,000
Workman Software has 11 percent coupon bonds on the market with 19 years to maturity. The bonds make semiannual payments and currently sell for 108.3 percent of par. a. What is the current yield on the bonds
Answer:
10.16%
Explanation:
Coupon amount = 11% * 1000
Coupon amount = $110
Price of bond = 1000*108.3%
Price of bond = $1,083
Current yield = Coupon amount / Price of bond
Current yield = $110 / $1,083
Current yield = 0.1015697
Current yield = 10.16%
So, the current yield on the bonds is 10.16%.
Your broker suggests that the stock of DUH is a good purchase at $25. You do an analysis of the firm, determining that the recent $1.40 dividend and earnings should continue to grow indefinitely at 5 percent annually. The firm's beta coefficient is 1.3, and the yield on Treasury bills is 1.4 percent. If you expect the market to earn a return of 8 percent, what is your valuation of DUH
Answer:
The correct answer is "$28.03".
Explanation:
The given values are:
Good purchase,
= $25
Dividend,
= $1.40
Annually earning,
= 5%
Beta coefficient,
= 1.3
Treasury bills,
= 1.4%
Now,
= [tex]1.4+1.34\times 8-1.4[/tex]
= [tex]1.34\times 8[/tex]
= [tex]10.244[/tex] (%)
hence,
The fair value will be:
= [tex]1.4\times \frac{1.05}{.10244}-.05[/tex]
= [tex]28.03[/tex]
Absolutely, the proposal including its brokerage must be adopted because as fair market value was almost $25.
a. If a wage of $10.25 were to be imposed on this market, such that the market was not longer strictly competitive, what would be the value for labor supply?
b. At the imposed wage of $10.25 what would be the value for labor demand?
c. Provide a properly labeled and appropriately articulated Labor Market Model given the labor supply and demand equations provided and the imposed wage of $10.25.
d. Based on the labor market model you’ve now illustrated, how would you describe the current condition of this market given the imposed wage?
Solution :
Given the wage = $ 10.25 that is to be imposed to the market.
Given equation :
[tex]L_D[/tex] = 500 – 45W and [tex]L_S[/tex] = -200 + 25W
If the wage of $10.25 is to be imposed to the market, the value of the labor supply can be found by putting the value of the wage in the labor supply equation.
At W = 10.25
Putting this value in the above equation, the labor supply would be
[tex]L_S[/tex] = -200 + 25W
[tex]L_S[/tex] = -200 + 25(10.25)
= 56.25
When W = 10.25, the value for the labor demand can be found by :
[tex]L_D[/tex] = 500 – 45W
[tex]L_D[/tex] = 500 – 45(10.25)
[tex]L_D[/tex] = 500 – 461.25
[tex]L_D[/tex] = 38.75
Therefore, the labor demand and the labor supply model is
[tex]L_D[/tex] = 400 - 45 x 10.25
[tex]L_S[/tex] = -200 + 25 x 10.25
An interest-free period during which a credit card owner can pay off a balance
without having to pay finance charges is called a
____
Answer:
grace period
Explanation:
Consider the role of management accounting in relation to the company for which you work or have worked
Answer:
The management of accounting, or accounting management is one of the main areas inside any business, because accounting is an essential part of any business since it is in charge of the recording of all the economic transactions that the business engages in.
Accouting information is also vital because it serves as a source for other areas of a business, for example, the financial department because it uses aggregate accounting information, or even the marketing department, because it looks at accounting information in order to determine commercial needs, or to understand what resources are available for carrying out marketing activities.
When it comes to Risk Mitigation, which risk counter measure involves not even taking the chance with the risk?
Answer:
The risk countermeasure that involves not even taking the chance with the risk is:
risk avoidance.
Explanation:
Risk avoidance is a risk mitigation strategy. To avoid risk, risk exposures and hazards are completely eliminated. This means that risk avoidance seeks to completely avoid compromising events while other risk mitigation or management efforts try to control the damages and financial consequences of threatening events.
Periodic inventory by three methods The beginning inventory for Midnight Supplies and data on purchases and sales for a three-month period are shown below:
Number
Date Transaction of Units Per Unit Total
Jan. 1 Inventory 7,500 $75.00 10
Purchase 85.00 22,500 11,250
28 Sale $562,500 1,912,500 1,687,500
562,500 150.00 30 Sale 3,750 150.00
Feb. 5 Sale 1,500 150.00 225,000
10 Purchase 54,000 87.50 4,725,000
16 Sale 27,000 160.00 4,320,000
28 Sale 25,500 160.00 4,080,000
Mar. 5 Purchase 45,000 89.50 4,027,500
14 Sale 30,000 160.00 4,800,000
25 Purchase 7,500 90.00 675,000
30 Sale 26,250 160.00 4,200,000
1. Determine the inventory on March 31 and the cost of merchandise sold for the three-month period, using the first-in, first-out method and the periodic inventory system.
2. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the last-in, first-out method and the periodic inventory system.
3. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the weighted average cost method and the periodic inventory system.
4. Compare the gross profit and the March 31 inventories, using the following column headings.
Answer:
1. We have:
Inventory on March 31 = $1,010,625
Cost of merchandise sold for the three-month period = $10,891,875
2. We have:
Inventory on March 31 = $881,250
Cost of merchandise sold for the three-month period = $11,021,250
3. We have:
Inventory on March 31 = $980,975.27
Cost of merchandise sold for the three-month period = $10,921,524.73
4. We have:
Details FIFO LIFO Weighted Average
$ $ $
Sales 19,875,000 19,875,000 19,875,000
Cost of Goods sold (10,891,875) (11,021,250) (10,921,525)
Gross Profit 8,983,125 8,853,750 8,953,475
Inventory, March 31 1,010,625 881,250 980,975
Explanation:
1. Determine the inventory on March 31 and the cost of merchandise sold for the three-month period, using the first-in, first-out method and the periodic inventory system.
Note: See part 1 of the attached excel file for the determined inventory on March 31 and the cost of merchandise sold for the three-month period, using the first-in, first-out method and the periodic inventory system.
From the part 1 of the attached excel file, we have:
Inventory on March 31 = $1,010,625
Cost of merchandise sold for the three-month period = $10,891,875
2. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the last-in, first-out method and the periodic inventory system.
Note: See part 2 of the attached excel file for the determined inventory on March 31 and the cost of merchandise sold for the three-month period, using the last-in, first-out method and the periodic inventory system.
From the part 2 of the attached excel file, we have:
Inventory on March 31 = $881,250
Cost of merchandise sold for the three-month period = $11,021,250
3. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the weighted average cost method and the periodic inventory system.
Note: See part 3 of the attached excel file for the determined inventory on March 31 and the cost of merchandise sold for the three-month period, using the weighted average cost method and the periodic inventory system.
From the part 3 of the attached excel file, we have:
Inventory on March 31 = $980,975.27
Cost of merchandise sold for the three-month period = $10,921,524.73
4. Compare the gross profit and the March 31 inventories, using the following column headings.
Details FIFO LIFO Weighted Average
$ $ $
Sales 19,875,000 19,875,000 19,875,000
Cost of Goods sold (10,891,875) (11,021,250) (10,921,525)
Gross Profit 8,983,125 8,853,750 8,953,475
Inventory, March 31 1,010,625 881,250 980,975
how did you find the fv factor values
Answer:
v5th factor in solve......
Why do we need an organizational structure?
Structure will give employees more clarity, help manage expectations, enable better decision-making and provide consistency.
Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5,900 shares of its own common stock at $34 per share on October 11. b. Sold 1,225 treasury shares on November 1 for $40 cash per share. c. Sold all remaining treasury shares on November 25 for $29 cash per share.
Answer: See explanation
Explanation:
The journal entry to record the transaction for Sherman systems will be:
Oct-11
Debit Treasury Stock (5,900 × $34) =
$200,600
Credit Cash = $200,600
(To record repurchase of 5900 own shares)
Nov-01
Debit Cash (1,225 × $40) = $49,000
Credit Treasury stock (1,225 × $34) = $41,650
Credit Paid in capital-Treasury Stock = $7,350
(To record sale 1225 shares from treasury stock)
Nov-25
Debit Cash (5,900-1,225) × $29) = $135,575
Debit Paid in capital-Treasury Stock = $7,350
Debit Retained earnings = $16,025
Credit Treasury stock (5,900-1,225) × $34) = $158,950
(To record sale balance from treasury stock)
Which of the following is considered the process in the systems thinking example of a decision support system?
a. transaction
b. processing system.
c. optimization
d. forecasts
Answer: C. Optimization
Explanation:
In the decision making system, TPS is considered to be the input in the systems thinking example.
In the decision making system, optimization is considered to be the process in the systems thinking example.
In the decision making system, TPS is considered to be the input in the systems thinking example.
In the decision making system, a forecast is considered to be the output in the systems thinking example.
