The ending balance in the retained earnings equals $409,000 (option C)
What is retained earnings?Retained earnings is the amount of the net income of a company that is not paid out to shareholders as dividends. Retained earnings is reduced by the amount of cash dividends that is paid and it is increased by the value of the net income of the company.
Retained earnings is the link between the income statement and the balance sheet. Retained earnings is recorded in the shareholder's equity section.
Ending balance in the retained earnings = beginning retained balance + net income - cash dividends
Ending balance in the retained earnings = $414,000 + $57,000 - $62,000 = $409,000
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a local credit union is developing and maintaining positive relationships with the media. this business is focusing on a(n) blank strategy.
At a significantly lower cost than advertising, public relations can have a significant impact on public awareness.When using public relations, a business typically pays for media coverage.Campaigning alludes to a PR office keeping up with associations with investors and others in the monetary local area.
Is it an effort to build and keep good relationships between an organization and its members?
Public relations (PR) is the effort to establish and maintain positive relationships between an organization and its constituents, whereas advertising is the paid use of media space to sell something (Theaker, 2004).
In public relations, what role does media relations play?
Building brand awareness, increasing credibility and authenticity, and most importantly, forming relationships with potential customers can all be aided by media relations.
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In 2015, the United States:
A. imported more services than it exported.
B. imported more goods than it exported
C. traded mainly with developing nations such as Mexico and India.
D. had a small trade surplus in goods and services.
In 2015, the United States imported more services than it exported.
The US has a decades-lengthy alternate deficit, uploading a long way extra items and offerings than it exports. The stability of imports and exports affects GDP, alternate rates, and inflation levels. The United States imports extra than 1/2 of its overall extent from 5 nations: China, Canada, Mexico, Japan, and Germany.
Although the USA can manufacture items it imports, those exporting nations have comparative advantages. But overall strength independence remains an extended manner off. Yes, in 2015, the U.S. imported 1. five billion barrels of oil much less than in 2005. But imports nevertheless handiest blanketed 1/2 of the overall consumption, 7 billion barrels.
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solanki partners has been extremely successful during its three years of existence. the owners have decided to incorporate and offer shares of stock to the general public. what is this type of an equity offering called?
Solanki partners has been extremely successful during its three years of existence. the owners have decided to incorporate and offer shares of stock to the general public. This type of equity offering called initial public offering.
The term “equity” refers to fairness and justice and is outstanding from equality: while the equality approach imparting the equal to all, equity means recognizing that we do not all start from the equal location and should renowned and make modifications to imbalances.
Equity may be calculated by means of subtracting liabilities from property and can be implemented to an unmarried asset, along with real property belongings, or to a business. for example, if a person owns a residence worth $four hundred,000 and owes $three hundred,000 at the loan, the distinction of $100,000 is equity.
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according to the news wire, during the past 10 years, by what percentage did the real price of college tuition increase per year?
The cost at two-year institutions increased by about 320%, from $3,367 to $10,704 each year.
How quickly is the price of college rising?Here is an overview of the averages: Private National Universities' tuition and fees have increased by 134%. Public National Universities' out-of-state tuition and fees have increased by 141%. Public National Universities' in-state tuition and fees have risen by a whopping 175%.
Since the 1990s, how much has the cost of education increased?However, from 2010–11 through 2020–21, these costs have decreased (College Board, 2020). Average tuition and fees for private, non-profit, four-year universities increased by 25% between 1990–1991 and 2000–2001, from $26,780 to $33,50.
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problem 6-24 interest rate risk (lo3) consider two bonds, a 3-year bond paying an annual coupon of 5% and a 10-year bond also with an annual coupon of 5%. both currently sell at a face value of $1,000. now suppose interest rates rise to 10%. what is the new price of the 3-year bonds? note: do not round intermediate calculations. round your answer to 2 decimal places. what is the new price of the 10-year bonds? note: do not round intermediate calculations. round your answer to 2 decimal places. which bonds are more sensitive to a change in interest rates? multiple choice long-term bonds short-term bonds
A 3-year bond paying an annual coupon of 5% and a 10-year bond also with an annual coupon of 5%. both currently sell at a face value of $1,000 and interest rates rise to 10% so the new price of the 3-year bonds is $ 875.65.
Price of a 3 year bond = (10%,3 * interest ) +(10%,3 * face value)
=(2.48685 * 50 ) +(.75131 * 1000)
= 124.34 + 751.31
= $ 875.65
The new price will be equal to the present value of 03 annual coupon payments of $50 each ( 1,000 *5%) plus the present value of principal repayment of $1,000 in three year time; discounted at 10% which is calculated as:
( 50/0.1) * [ 1-1.1^(-3) ] + 1,000/1.1^3 = $875.66
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12. what activity can help you improve your presentation? a. take a break from studying your presentation frequently. b. ask a friend or colleague to observe the presentation and give you feedback. c. reduce the duration of the presentation. d. have someone else present.
Answer:
b:ask a friend or colleague to observe the presentation and give you feedback.
Members of the scrum team do not consider the sprint retrospective necessary. What should a scrum master do?.
The correct response, according the Scrum certification exam, is that the Scrum Master would collaborate with the team to increase productivity.
What should a scrum master do?A skilled person who uses Agile project management to lead a team through a project is known as a Scrum Master. A Scrum Master promotes team member and leadership participation and communication in order to ensure a successful outcome.
The scrum master helps the team streamline and improve the ways in which they carry out their goals. Ideally, they take on the role of a team member or collaborator as opposed to a leader. The best scrum teams don't react well to top-down management since they are self-organizing. The Scrum Master's responsibility is to lead the team through to the Scrum procedure. They streamline the procedure, assisting the team in mastering the framework and getting better between each sprint.
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ow suppose the european government wants airbus to be the sole producer in the lucrative small-aircraft what is the minimum amount of subsidy that airbus must receive when it produces small aircraft to ensure that outcome as the unique nash equilibrium? is it worthwhile for the european government to undertake this subsidy?
The minimum amount of subsidy of 101 million that airbus must receive when it produces small aircraft to ensure that outcome as the unique Nash equilibrium. Yes it is worthwhile.
What is Unique Nash equilibrium?A Nash equilibrium is a collection of strategies, one for every game's n players, where each alternative option is his optimal reaction to the decisions made by the n-1 another alternative.
Assume that from the outset, Boeing and Airbus are operating in the Nash equilibrium and producing small and large planes, respectively. The European Union requires the small-plane payoff to surpass the large-plane payment, or by at least 101 million, in order to convince Airbus to switch its manufacturing to small planes.
Given a subsidy of 101 million, Airbus shifts production to tiny planes; following this, Boeing shifts production to huge planes because producing small planes concurrently with Airbus is no longer Boeing's best course of action.
Thus with the subsidies, the Nash equilibrium is for Boeing to develop huge jets and Airbus to produce little planes.
In this instance, switching from the manufacture of large aircraft to the manufacture of tiny aircraft improves the producer surplus at Airbus by 25 as earnings rise from 100 to 125.
Additionally, producers receive a subsidy from the government in the amount of 101. The subsidy is paid for by an increase in government spending (a decrease in revenue) of 101.
Thus overall welfare rises by 25 when added up. It's worthwhile.
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Salt Foods purchases forty $1,000, 7%, 10-year bonds issued by Pretzelmania, Inc., for $37,282 on January 1. The market interest rate for bonds of similar risk and maturity is 8%. Salt Foods receives interest semiannually on June 30 and December 31. 1. & 2. Record the necessary entries regarding the bonds. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole number.) View transaction list Journal entry worksheet 1 2 Record the investment in bonds. Note: Enter debits before credits. Debit Credit Date January 01 General Journal Journal entry worksheet < 1 2 Record the receipt of the first interest payment. Note: Enter debits before credits. Date General Journal June 30 Debit Credit
6 months of interest from January to June will be received by Salt Food Purchase Company. Interest on Bonds = ($37282 X 7/100) X 6/12 = $ 1304.87
Bonds and shares are each security, but the primary distinction between the 2 is that (capital) stockholders have a fairness stake in a corporation (i.e. they're proprietors), while bondholders have a creditor stake in an agency (i.e. they may be creditors). As creditors, bondholders have precedence over stockholders. this indicates they will be repaid in advance of stockholders but will rank behind secured lenders, in the event of financial ruin. some other distinction is that bonds usually have a described term, or maturity, after which the bond is redeemed, whereas shares usually stay excellent indefinitely. An exception is an irredeemable bond, which is a perpetuity, that is, a bond without adulthood. certificate of deposit (CDs) or short-time period commercial paper are categorized as cash marketplace units and no longer bonds: the main difference is the period of the time period of the instrument.
The maximum not unusual forms consist of municipal, company, and government bonds. Very regularly the bond is negotiable, this is, the possession of the tool may be transferred within the secondary marketplace. this means that once the transfer retailers at the bank medallion stamp the bond, it is fantastically liquid in the secondary marketplace. The fee of a bond inside the secondary market might also fluctuate extensively from the major due to various factors in bond valuation.
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if the money market is initially in equilibrium at point e and the central bank lowers reserve requirements, then the interest rate will: a. move toward point h. b. remain at point e. c. shift leftward. d. move toward point l
If the money market is initially in equilibrium at point e and the central bank lowers reserve requirements, then the interest rate will move toward point l.
Money marketplace equilibrium happens on the hobby charge at which the amount of cash demanded equals the amount of cash supplied. All different matters unchanged, a shift in cash call for or deliver will cause an alternate withinside the equilibrium hobby charge and consequently to modifications withinside the stage of actual GDP and the rate stage.
A boom withinside the cash deliver lowers the hobby charge for a given rate stage and output A lower withinside the cash deliver increases the hobby charge for a given rate stage and output. A boom in countrywide earnings will increase the equilibrium hobby charge for a given rate stage.
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Which of the following statements is incorrect concerning budget preparation?A. The rolling budget approach is not often used in practice because it requires that management be in perpetual budgeting mode.B. If a zero-based budgeting approach is used, the annual budgeting process begins with a review of the results of the prior operating period.C. If a participative approach is used to prepare budgets, all levels of management are involved in the budgeting process.D. The preparation of the sales budget is the starting point in the budgeting process for all companies.E. Participative budgeting increases the risk that employees will create budgetary slack.
The preparation of the sales budget is the starting point in the budgeting process for all companies.
A sales budget is a financial plan that estimates a company's total sales for a specific period of time. To predict a company's performance, he focuses on two things: the number of products sold and the selling price.
Project sales of $5,000 in the first quarter, $6,000 in the second quarter, $7,000 in the third quarter, and $8,000 in the fourth quarter; We estimate $6, and in the fourth quarter the manager estimates $7. Company's.
The purpose of the sales budget is to meet the goals of the sales department. It also works as a planning tool. It helps companies set standards and strive to achieve them. It is also a coordination tool between various departments within an organization such as sales, finance, manufacturing and advertising.
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the following information is taken from the 2015 annual report to shareholders of herme-finnet (hf) company. for fiscal 2015 for fiscal 2014 provision for doubtful accounts $ 33 million $ 110 million at fiscal year-end 2015 at fiscal year-end 2014 accounts receivable, net 15,926 million 16,457 million accounts receivable, gross 16,308 million 16,971 million what is the balance in hf's allowance for doubtful accounts at the end of the fiscal years 2015 and 2014, respectively?
The balance in the allowance for doubtful accounts at the end of the fiscal years 2015 and 2014 for Herme-Finnet (HF) Company is as follows:
Fiscal Year-end 2015 2014
Allowance for doubtful accounts 382 million 514 million
How are the balances for allowance for doubtful accounts determined?The balance for each year's allowance for doubtful accounts is the difference between the gross and net accounts receivable.
Using the subtraction operation, the net accounts receivable is deducted from the gross accounts receivable.
Note that the allowance for doubtful accounts is a contra account to the accounts receivable.
Fiscal Year-end 2015 2014
Accounts Receivable:
Gross 16,308 million 16,971 million
Net 15,926 million 16,457 million
Allowance for doubtful
accounts 382 million 514 million
Year's provision 33 million 110 million
Thus, respectively, the balance in HF's allowance for doubtful accounts at the end of the fiscal years 2005 and 2014, are $382 million and $514 million.
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the first step in preparing a flexible budget is to: multiple choice question. compute budgeted variable and fixed costs identify costs and classify them as fixed or variable identify activity levels compute budgeted sales
Making a static overhead budget is the first step in developing a flexible budget. This enables you to consider average production levels and all related costs.
What does creating a flexible budget serve?A flexible budget is a crucial management tool. It aids in determining the business's anticipated expenditures, revenues, and profitability. Furthermore, because the flexible budget is not inflexible, it can be modified and used for variance analysis in accordance with the actual activity level at the conclusion of the accounting period.
Which of the following approaches to creating a flexible budget is not one?Total variation in fixed overhead. Because the budget's fixed overhead costs are static rather than variable, the total fixed overhead variance is not a flexible budget variance.
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The MSCI EAFE Index consists of stocks from companies from over 20 developed markets to measure international equity market performance. The Index is considered the oldest truly international stock index: it has been calculated since 1969. Many foreign stock funds are compared against the MSCI EAFE Index.
Bailey is thinking about investing in a mutual fund. She decides to invest in the iShares MSCI EAFE Index Fund, which mimics the MSCI EAFE Index.
Select the best description of the iSHares MSCI EAFE Index fund.
a) an active fund
b) a passive fund
c) a litigation fund
d) a sector fund
The best description of iSHares MSCI EAFE Index fund is that it is a passive fund.
What is an Index fund?An index fund is a mutual fund or exchange-traded fund that is created to adhere to a set of predetermined rules in order to track a specific basket of underlying investments. Despite frequently stressing their for-profit status, index providers have the power to act as "reluctant regulators" when choosing which companies to include in an index. These guidelines may include following well-known indices like the S&P 500 or the Dow Jones Industrial Average, or they may include implementation guidelines like tax management, tracking error minimization, large block trading, or patient/flexible trading strategies that permit higher tracking error but lower market impact costs. There may be guidelines for index funds that check for social and sustainable standards.
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what uis more important to you as far as a food establishment is concerned -- a great product or quick, friendly service?
Customer care is always crucial. Customers are more likely to return when they receive satisfactory service.
What does business establishing mean?Establishment is the level of the Business Register statistical hierarchy that is below the firm and where the accounting data needed to assess production are accessible (principal inputs, revenues, salaries and wages).
The term "establishment" is of what kind?It is a noun that is derived from the verb establishing, which can indicate a variety of things but is most frequently used to signify to found, institute, nor bring into being. I like to buy from local institutions whenever I can. Establishments are objects that have been established, especially enterprises.
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if there were no costs or loss of time in changing from one product to another, what would the impact be? check all that apply.
If there were no costs or loss of time in changing from one product to another, many small lots would be produced.
How do I define "cost"?A cost is the value of money used to manufacture an item or offer a service but which is now unavailable for use in manufacturing, research, retail, or accounting. When calculating an acquisition cost, the sum of the acquisition's costs is taken into account.
By cost, what do you mean?Cost is the sum of money that a company spends to manufacture or produce goods or services. The profit margin markup is not included. Cost, as seen from the seller's perspective, is the total amount of money used to create a good or product.
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which sentence is correctly punctuated? question 7 options: a) any customer who wants more information about our return policy needs to e-mail us. b) any customer, who wants more information about our return policy needs to e-mail us. c) any customer, who wants more information about our return policy, needs to e-mail us.
Any customer who wants more information about our return policy needs to e-mail us. The correct answer is option (a).
What is punctuation?A period, comma, or question mark are examples of punctuation marks that are used to demarcate the beginnings of clauses and sentences in written text. Punctuation is the process of dividing up a block of text utilizing space and punctuation marks. Punctuation is an important component of writing since it makes a text easier for the reader to comprehend.
White space, conventional signals, and certain typographical components are used as punctuation to aid readers in understanding and accurately interpreting written information, if they are reading it aloud or quietly. In English grammar, there are fourteen standard punctuation marks. These include the colon, semicolon, dash, hyphen, full stop, comma, exclamation mark, question mark, bracket, brace, ellipsis, quote mark, and apostrophe.
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person 1 is currently managing a team of four colleagues on a project. person 1 notices that two of the team members (person 2 and person 3) constantly screaming in front of the group. the team never has an issue completing their work on time and it is of good quality. what should person 1 do, if anything, about the constant screaming?
As the team's manager, Person 1 should approach Person 2 to learn more about their problems before trying to fix them as a team, if at all feasible.
Finding the precise problem that causes person 2 and person 3 to shout should be done in private rather than in front of a group. This is not just about the task; it's also about the development of a team and, by extension, the organization.
As a result, they ought to be addressed in private before the team as a whole can have the necessary degree of comprehension.
Klazomania, or compulsive shouting, refers to behaviors that are repetitive and have characteristics similar to complex tics like echolalia, palilalia, and coprolalia seen in tic disorders. However, it has also been observed in people with encephalitis lethargica, alcohol use disorder, and carbon monoxide poisoning.
Complete question:
Person 1 is currently managing a team of 4 colleagues on a project. Person 1 notices that two of the team members (Person 2 and Person 3) constantly scream in front of the group. The team never has an issue completing their work on time and it is of good quality. What should Person 1 do, if anything, about the constant screaming?
Talk to Person 2 and Person 3 in private to determine what the issue is. You want to keep the group as a whole out of the discussion so as not to make Person 2 and Person 3 defensive. If they feel threatened in front of the whole group, they might be less willing to open up and resolve their differences.
Bring this issue up in front of the whole group so each person can share their thoughts. If enough people tell Person 2 and Person 3 that their behavior is inappropriate, perhaps the fighting will stop.
Since the team is completing their work on time, Person 1 shouldn't do anything. If Person 1 tries to interfere it could slow down the workflow or inhibit the progress of others working on the project.
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every sunday, mariana and hundreds of other shoppers visit home pro, a home improvement supply store, to buy supplies for their home improvement projects. these shoppers are ________ of home pro.
Answer:
thse shoppers are customers of hine pro
Explanation:
because they shop there every sunday
The every Sunday, Mariana, and hundreds of other shoppers visit home pro, a home improvement supply store, to buy supplies for their home improvement projects. These shoppers are customers of home pro.
What is customers?The term customer refers to the purchased the goods and the services, The customer is to fulfill the needs and the wants as the exchange of the money. The customer is the receiving the information of the product with the help of customer.
According to the Mariana, and hundreds of other shoppers visit home pro as the main reason was the improvement on the supply as the day by day to the supplies. The shoppers are customers of home pro. The shoppers are the maintain the relation of the customer to the large level of the sales.
As a result, the shoppers are customers of home pro.
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Which male character appears in the upper right box during the opening credits of the brady bunch?.
In The Brady Bunch's opening credits, a male character named Greg Brady can be seen in the right upper box.
Gregory Brady is currently how old?Williams, now 67, had guest appearances on shows including That Girl, Mission: Impossible, and The Mod Squad before settling into the part of Greg, the oldest Brady son.
What was the alias of Greg Brady?In order to become the rock star "Johnny Bravo," a talent agency signs Greg. When Greg realizes he was only hired since he "fit the suit," he realizes how out of control his newfound stardom has become.
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Select the correct answer. Why do car manufacturers offer dealer incentives? a. So that dealers only keep the manufacturer's cars on their lot b. So that dealers make an extra effort to sell the manufacturer's cars c. So that dealers keep the manufacturer's new car models on their lot.
Car manufacturers offer dealer incentives to motivate dealers to sell more of their cars. So that dealers make an extra effort to sell the manufacturer's cars. Therefore, the correct answer is option b.
Dealers receive these incentives in the form of cash bonuses, discounts, or refunds in exchange for achieving their sales goals or other great performance.
If dealers are given incentives to do so, they might be more likely to advertise the manufacturer's automobiles. Manufacturers can encourage dealers to sell more of their vehicles and grow their market share by offering dealer incentives.
Therefore, the correct answer is b. So that dealers make an extra effort to sell the manufacturer's cars.
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Suppose that last year a total of $12 billion in goods and services was exported to other countries, while $8 billion was imported. Net exports equals $_______ billion.
Assume that $8 billion was imported last year, whereas $12 billion worth of goods and services were exported to other nations. Total net exports come to $4 billion.
What exactly are net exports?The difference between a country's total value of exports and its total value of imports is known as net export. An essential factor in determining an economy's gross domestic product is net export.
The whole trade of a country is gauged by its net exports. The calculation of net exports is as easy as subtracting the value of all the products and services a country exports from the value of all the goods and services it imports.
Net Exports = Exports - Imports
Net Exports = $12 billion - $8 billion
Net Exports = $4 billion
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raquel got a prescription to manage her asthma. the medicine is supposed to cost $150, but with her insurance, all she had to pay was a predetermined $20 fee for the prescription. what is the $20 fee called?
The coinsurance payment would be $20. In an insurance plan that is based on a percentage, the patient is responsible for a set portion of the prescription cost, which is often high for speciality medications.
What distinguishes a copay from a coinsurance payment?For medicines, medical visits, and other sorts of treatment, you must pay a copay. The portion of costs you bear after reaching your deductible is known as coinsurance. Your coinsurance does not begin to cover all of the cost of your drugs and medical services until you have met your deductible.
What kind of insurance allows copayments?With managed care plans like HMOs, copayments are more typical. These plans are provided by insurance companies that have agreements with healthcare providers that allow them to pay set prices for basic services.
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an analysis that projects how much a solution may change if there are changes in the variables or input data is referred to as part 2 a. production-quantity optimization. b. product-mix decision. c. sensitivity analysis. d. product scheduling.
An analysis that projects how much a solution may change if there are changes in the variables or input data is referred to as part two is sensitivity analysis. Option C.
Sensitivity analysis is the study of how the uncertainty of a model's output can be divided among different sources of uncertainty of the model's inputs. A simple example of sensitivity analysis used by businesses is analyzing the impact of including certain information in their advertising.
Compares sales results for ads that differ only in whether or not they contain specific information. Sensitivity and Risk Analysis is an analytical framework. Dealing with uncertainty. The goal is The odds of starting a bad project without missing a beat. Accept good projects.
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karen has formulated a line of green cleaning products, which she has tested with sales to local commercial entities with great results. she is now ready to seek money to place the product in stores. what stage of financing is karen interested in? a. continuity financing b. startup financing c. seed-stage financing d. early-stage financing
After formulated a line of green cleaning products and tested it with sales to local commercial entities, Karen now is ready to seek money to place the produc in stores and interested to look for the next financing stage which is start-up financing (B).
Financing and raising money to start a business is not an easy matter. Financing for start-up is risky and more challenging. Because unlike mature business who already has assets for collateral and known cash flow to attract investors and lenders, start-up has none of it. Start-up needs money from the early stage for product and market researches puproses and expanding stage.
Financing for start-up could be categorized into 5 stages:
Seed financing Pre-launch financingStart-up/launch financingGrowth financingMaturity/exit financingSeed financing is a concept stage where a start-up prepare the products and held researches related to the products and its targeted market. Start-up has to do feasibility studies, develop prototypes, evaluate market potential, protect its intellectual property if any, and investigate other aspects related to the business idea.
Pre-launch financing occurs when a star-up with a ready product build a detailed business plan and validate its concept, defining the market and developing the products.
Start-up or launch financing happens when the product is ready to be officially launched to the market. Start-up at this phase will focus on introducing the products and ramping up production and sales
Once a product has been accepted by the market successfully, Start-up will look for growth financing to support it to expands its reach. Start-up will look for fund to reach its targeted growth.
Maturity financing occurs when a start-up become matures and has expansion opportunities. A start-up may approach this stage by undertake an initial publich offering (IPO), or obtain bank debt financing.
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David Ricardo is the first great classical economist to detect, sharply, the line of demarcation between intranational and international trade, not on the basis of equal or absolute, but comparative differences between nations. O True O False
It's accurate to say this. The distinction between intranational and international trade was first clearly identified by the famous classical economist David Ricardo, who did so by focusing on comparative rather than absolute, rather than equal, differences between nations.
What was worthy of being called David Ricardo?David Ricardo was alive between 1772 and 1823. The brilliant British economist David Ricardo was one of the most important figures in the growth of economic theory. He developed and formulated the "Classical" system of political economy with great precision. In the 19th century, Ricardo's legacy had a significant impact on economic philosophy.
Ricardo presented a strong argument for the advantages of free trade at a time when it was a divisive political issue. In a system of entirely free commerce, each country would allegedly automatically devote its resources to tasks that benefited it the greatest.
By focusing on producing goods that have the lowest opportunity costs in comparison to those of other countries, countries can gain a trade advantage, according to Ricardo's well-known comparative advantage thesis.
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king supply maintains its internal inventory records using perpetual fifo, but for financial reporting purposes, reports ending inventory and cost of goods sold using periodic lifo. at the beginning of the year, the company had a balance of $31,000 in its lifo reserve account. by the end of the year, internal records reveal that fifo ending inventory is $50,000 greater than lifo ending inventory. record the year-end adjusting entry for the lifo reserve.
LIFO reserve = FIFO inventory cost - LIFO inventory cost
FIFO's year-end inventory is $81,000 greater than LIFO's year-end inventory.
Hence, LIFO reserve = $81,000
LIFO reserve beginning balance = $70,000
Hence, adjustment to being made for LIFO reserve = 81,000 - 70,000
= $11,000
stock (American English) or stock (British English) refers to the goods and substances that a business holds for the ultimate aim of resale, manufacturing or utilisation. stock control is a discipline ordinarily approximately specifying the shape and site of stocked goods. it's far required at one-of-a-kind places inside a facility or within many places of a deliver community to precede the ordinary and planned route of manufacturing and inventory of substances.
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A company applies overhead on the basis of machine hours. the company’s predetermined overhead rate is $28 per machine hour based on its budget of 17,000 hours. during the year the company incurred actual overheads of $496,500 and under-applied overhead by $12,520. the budgeted overhead cost for the period was:_____.
These show that manufacturing machine hours overhead were applied to production by $2,000 more than necessary ($110,000 applied OH - $108,000 real OH).
Understanding the various overhead rates for variable and fixed expenditures is helpful when making judgements. The 10,000 units that the corporation anticipates using will be utilised. The variable overhead rate is $ 2 per machine hour ($40,000 variable OH/20,000 hours), while the fixed overhead cost is $ 3 per hour ($60,000 fixed OH/20,000 hours). If the anticipated volume had been 18,000 machine hours, the standard overhead rate would have been $5.33 ($96,000/18,000 hours).
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in the current year, company a has a degree of total leverage (dtl) of 8 and a degree of financial leverage (dfl) of 2. if sales in dollars are twice that of the previous year, what is the percentage change in ebit in the current year?
If sales in dollars are twice that of the previous year, the percentage change in ebit in the current year is 8/2 = 4. 400% .
A sale is a transaction among or extra parties wherein items or offerings are exchanged for money or other property. inside the monetary markets, a sale is an agreement among a buyer and dealer involving the fee of a protection and its shipping for agreed-upon compensation.
Sales are activities related to promoting or the range of goods offered in a given targeted term. The delivery of a carrier for a value is also taken into consideration a sale.
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which statements are true? (select all that apply.) multiple select question. the inventory method is an assumed cost flow and does not have to correspond with the actual physical flow of goods. first-in, last-out is one of the titles of inventory methods allowed by gaap. the inventory method selected must be based on the physical flow of goods. a grocery store may or may not use the last-in, first-out inventory method.
The true statements are-
The inventory technique does not have to match the actual physical flow of products because it is an assumed cost flow.The last in, first out technique of inventory is acceptable in a food store.What is inventory?Both the raw materials used in production and the finished commodities that are offered for sale are included in the definition of inventory. One of a company's most valuable assets is its inventory because it is one of the main sources of revenue generation and, consequently, a source of profits for the company's shareholders.
There are three different categories of inventory- finished commodities, work-in-progress, and raw materials. On the balance sheet of a company, it is listed as a current asset.
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