The four degrees or steps in production planning and control are: Routing, Scheduling, Dispatching, and.
What are the 3 components of the production process?The movie production manner can be divided into limitless steps to take a film from idea to a finished piece. However, there are three key ranges that take area in the production of any film: pre-production (planning), manufacturing (filming), and post-production (editing, color-grading, and visual effects).
The six phases of S&OP are product review, demand review, supply review, finance review, pre-S&OP, and government S&OP. Each section needs the others for the process, as a whole, to thrive. There are varying opinions on the genuine order of the steps, but their impact on each other stays the same.
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The following employees work at Prevosti Farms and Sugarhouse and are paid in accordance with their job classification: Employee id Number.
An employee id number is what?Employers give each employee a special code known as an employee ID number. Any other name that sounds similar to "employee number" or "employee code" can also be used to refer to this identification code. Because employee IDs identify a specific person, they also identify personal information and other data that is crucial to the organization. The address, SSN, payroll information, and other information can be included. Although issuing employee IDs is not required, as a company expands and hires more people, the benefits become increasingly clear. Although employee identification cards are not necessary for tax purposes, they can improve record-keeping for businesses.
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Larry rauzer purchased $60,000 of whole life. What will the cash value of his policy be at the following anniversary dates? anniversary date cash value 10 year 15 year 25 year.
1. Work: First identify the cash value per unit. 10 years= 89 dollars per unit.
Cash value of his policy is $5,340.
2. Work: First identify the cash value per unit. 15 years= 160 dollars per unit.
Cash value of his policy is $9,600.
3. Work: First identify the cash value per unit. 25 years= 340 dollars per unit. Cash value of his policy is $20,400.
What is the life policy?Life insurance is a contract between a policy holder and an insurer wherein the insurer agrees to pay a sum of money in exchange for a premium at the demise of an insured person or after a specific period of time.
Is life insurance something I need?When you're not around to support them financially, life insurance might step in. Take into account your mortgage and other bills, the amount of lost income, funeral costs, and the cost of the kids' tuition. You can estimate the amount of insurance you'll need by adding these up.
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A partnership began its first year of operations with the following capital balances:
Young, Capital: $143,000
Eaton, Capital: $104,000
Thurman, Capital: $143,000
The Articles of Partnership stipulated that profits and losses be assigned in the following manner:
Young was to be awarded an annual salary of $26,000 with $13,000 salary assigned to Thurman.
Each partner was to be attributed with interest equal to 10% of the capital balance as of the first day of the year.
The remainder was to be assigned on a 5:2:3 basis to Young, Eaton, and Thurman, respectively.
Each partner withdrew $13,000 per year.
Assume that the net loss for the first year of operations was $26,000 with net income of $52,000 in the second year.
21. What was Eaton's total share of net loss for the first year?
A. $3,900 loss.
B. $11,700 loss.
C. $10,400 loss.
D. $24,700 loss.
E. $9,100 loss.
22. What was the balance in Young's Capital account at the end of the first year?
A. $120,900.
B. $118,300.
C. $126,100.
D. $80,600.
E. $111,500.
The answers are shown. I just want to know how to get to those answers. Please show all your work/calculations. Step by step. Thank you!
Eaton's total share of net loss for the first year was $10400 and balance in Young's Capital account at the end of the first year was $118300.
It is given that net loss for the first year is $26000 and total interest to be given to all the partner is 10% of (143000+104000+143000) which is $39000 and total salaries to be given to partners is 39000 (26000+13000).
Eaton's portion is 2/10.
Thus, Eaton's portion =
Net Loss - Interest - Salaries
= ($26,000)- $39,000 - $39,000
= ($104,000) × 20%
= ($20,800)
Eaton's Share of net Loss = ($20,800) + Interest + Salary
= (20800) + 10400 + 0
= (10400)
It is given that Young's beginning balance of capital account is $143000. His share of interest is $14300 and salary is $26000.
His portion from profits is 50% of 104000 = (52000)
His drawings = 13000
Thus, Closing balance of Young's capital account
= Beginning + Interest + Salary + share of profit/loss - Withdrawals
= $143,000 + 14300 + 26000+(52000)-13000
= $118300
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trio company reports the following information for its first year of operations. direct materials $ 18 per unit direct labor $ 19 per unit variable overhead $ 7 per unit fixed overhead $ 221,650 per year units produced 20,150 units units sold 15,500 units ending finished goods inventory 4,650 units 1. compute the product cost per unit using absorption costing. 2. determine the cost of ending finished goods inventory using absorption costing. 3. determine the cost of goods sold using absorption costing.
Absorption cost per unit is $43.
Cost of closing inventory of finished goods is $258,000.
Cost of goods sold is $602,000.
PRODUCT COST
Particulars Amounts ($)
Direct material cost per unit 18
Direct labor cost per unit 9
Variable overhead cost per unit 7
Fixed overhead cost per unit (21650/20150) 11
Absorption cost per unit $45
COMPUTATION OF CLOSING INVENTORY COST
Cost of closing of finished goods = Ending finished goods inventory x Cost per unit
= 4650 x 45
= $2,09,250
COMPUTATION OF COGS
COGS = Number of units sold x cost per unit
= 15500 x 45
= $6,97,500
What Does Absorption Costing Mean?
One of the techniques used in the cost accounting branch to establish the cost of a produced good is absorption costing. It takes into account all costs involved in the creation of a product, both direct and indirect.
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soar incorporated is considering eliminating its mountain bike division, which reported a loss for the recent year of $4,200 as shown below. segment income (loss) sales $ 1,080,000 variable costs 872,000 contribution margin 208,000 fixed costs 212,200 income (loss) $ (4,200) if the mountain bike division is dropped, all $872,000 of its variable costs are avoidable, and $63,660 of its fixed costs are avoidable. the impact on income for eliminating this business segment would be:
The right response is choice b. $131,500 less would be available for the business segment.
The calculation of the contribution margin is crucial in managerial accounting. It is how much all complete income less all out factor costs. It plays a significant role in the break-even analysis calculation.
What is margin for contributions?According to Knight, "Contribution margin shows you the aggregate amount of revenue available to cover fixed expenses and provide profit to the company after variable costs." This could be thought of as the portion of sales that helps pay for fixed costs.
How is Contribution Margin Calculated?The contribution margin is determined by dividing variable costs by revenue. The formula for determining the contribution margin ratio is Revenue / (Revenue - Variable Costs).
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Full Question = Soar Incorporated is considering eliminating its mountain bike division, which reported an operating loss for the recent year of $3,200. The division sales for the year were $1,052,000 and the variable costs were $862,000. The fixed costs of the division were $195,000. If the mountain bike division is dropped, 30% of the fixed costs allocated to that division could be eliminated. The impact on operating income for eliminating this business segment would be:
a. $58,500 decrease.
b. $131,500 decrease.
c. $55,300 decrease.
d. $190,000 increase.
e. $190,000 decrease.
describe a completely randomized design using the 60 retail sales districts that would help answer this question
Number the 60 retail sales districts with a 2-digit number from 01-60.
What is randomized design?The 60 retail sales districts are assigned a two-digit number ranging from 01 to 60. Read 2-digit numbers from a table of random digits until 30 distinct numbers between 01 and 60 have been selected. The financial incentives group is given the equivalent 30 districts. Record the change in sales for each district after a predetermined amount of time and contrast the two groups.
07511,88915,41267,16853,84569,79367,32337,03316,81486
69487,60513,09297,00412,71238,27649,39950
From 01 to 60, list the 60 retail sales districts.
In the list of numbers, choose the first 2-digit number. If the number is around 01 and 60, the associated retail sales district is chosen; otherwise, it is ignored, and the next two-digit number is chosen.
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mathew johnston invested a total of $94,700 in the new colony pacific region mutual fund. the management fee for this particular fund is 0.80 percent of the total asset value. calculate the management fee mathew must pay this year.
Mathew Johnston invested a total of $94,700 in the new colony pacific region mutual fund. the management fee for this particular fund is 0.80 percent of the total asset value.
A mutual fund is a professionally controlled investment fund that swimming pools cash from many traders to purchase securities. The term is generally used within the united states of america, Canada, and India, whilst comparable systems throughout the globe consist of the SICAV in Europe ('funding organization with variable capital') and open-ended investment employer (OEIC) inside the uk.
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what is a discount bond? multiple choice question. discount bonds are junk bonds that are rated below investment grade. discount bonds are bonds that sell for less than the face value. discount bonds are bonds with short maturities. discount bonds are bonds that a distressed corporation sells at fire sale prices to raise emergency funds.
A discount bond pays the bondholder the face value at maturity.
A discount bond is one that has been issued for a lower price than its face value. Discount bonds may also refer to bonds that are presently trading on the secondary market for less than their face value. If a bond is sold for a large discount from par value, typically 20% or more, it is said to be a deep-discount bond.
A discount bond is provided at a price that is less than the going market rate. Investors pay a price less than the bond's face value when they purchase it at a discount. It does not necessarily follow that it provides better returns than other bonds, though.
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suppose that a small publisher selling to book distributors has fixed operating costs of $600,000 each year and variable costs of $3.00 per book. how many books must the firm sell to break even if the selling price is $6.00
If the selling price is $6.00, the break-even point will be achieved when the number of books sold is 200,000 units.
Break-even point (BEP) is a situation in which the profit is zero or the company does not gain profit or loss.
Recall that:
Profit = revenue - total cost
Since profit = 0, hence the condition for break-even point is:
revenue = total cost
Revenue = number of units sold x selling price per unit
Total cost = fixed cost + variable cost per unit x number of units sold
In the given problem, given parameters are:
selling price = $6.00
fixed operating cost = $600,000
variable cost = $3.00 per book
Let:
p = number of unit sold
Hence,
revenue = 6 x p = 6p
total cost = 600,000 + 3p
Condition for BEP:
revenue = total cost
6p = 600,000 + 3p
3p = 600,000
p = 600,000/3 = 200,000
Hence, the BEP achieved if the number of books sold is 200,000 units.
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the business impact analysis (bia) is created after the business has created a business continuity plan (bcp) group of answer choices true false
It is true that the business impact analysis (bia) is created after the business has created a business continuity plan (bcp).
A business impact analysis (BIA) is a methodical procedure to ascertain and assess the possible impacts of a disruption to crucial business operations as a result of a catastrophe, accident, or emergency. The business continuity plan of an organization must include a BIA (BCP). It has an investigative component to find any threats and vulnerabilities and a planning component to create risk-reduction plans. A business impact analysis report that details the potential risks unique to the enterprise under study is the end result.
Every organizational component depends on the continuing operation of every other component, which is one of the fundamental presumptions behind a BIA. In the event of a crisis, some are more important than others and call for a larger deployment of finances and operational resources.
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the same year that derek jeter, one-time shortstop for the new york yankees, received an annual salary of $23.2 million, the president of the united states received an annual salary of $400,000. if the president of the united states actually contributed more to society than derek jeter, we can conclude that:
If the president of the united states actually contributed more to society than derek jeter, we can conclude that: factors other than marginal revenue product probably explain the salary differences.
What is marginal revenue ?Marginal revenue can be defined as the way in which a company or organization revenue or income increase due to the sales of extra unit mof output.
Based on the given scenario Derek Jeter tend to have annual salary of the amount of $23.2 million that the one of the president which is $400,000 in a situation where the president contribute more into the society despite earning lesser income this may occur as a result of marginal revenue product that explain the salary differences.
Therefore this is an example of marginal revenue.
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A bond with a book value of $517,500 is retired (bought back) for $515,000. Which of the following statements is согrect? a. The loss on the debt retirement is $32,500 b. The gain on the debt retirement is $2,500. c. The gain on the debt retirement is $32,500. d. The gain or loss on the debt retirement can't be determined without knowing the initial bond issue price.
Option c. The gain on the debt retirement is $32,500.
The truth of paying returned a debt absolutely, so that it now not exist: Many specialists argue in favor of rapid debt retirement.
The key thing that we tell our customers is that while you retire, so need to your debt be retired, Ken Moraif, senior consultant of Retirement Planners of the USA, these days advised Yahoo Finance live. We sincerely encourage humans to be debt-loose. which means no automobile loans, credit score cards, or mortgages.
Debt can negatively affect your capacity to live off the assets of profits you've got hooked up to pay your payments once you prevent punching the clock. Debt bills subtract from the earnings of Social protection and financial savings in an IRA or other investment cars which you really want to be dwelling your great lifestyles.
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if easing a firm’s credit policy lengthens the collection period and results in a worsening of the aging schedule, then why do firms take such actions?
If easing a firm’s credit policy lengthens the collection period and results in a worsening of the aging schedule, the commercial paper is issued to finance inventory.
A credit score policy is a set of phrases that lays out how your business enterprise will difficulty credit to its customers and gather unpaid money owed. each time you invoice a consumer for services and begin working earlier than the client pays you, you're technically working on credit, even if you don't have a proper credit score policy.
The enterprise will make a bigger credit score to customers in the event that they meet its threshold criteria for the granting of a credit score. The primary shape of a credit score is a credit of $10,000, without a protection interest. The most credit score may be multiplied with the approval of the credit score manager.
So, the objective of the credit score coverage is to feature incremental income via running as an advertising device for a firm. firms do now not engage in credit only for sales maximization. If it had been so, the company would have a totally lenient credit score policy in which it would offer credit to all firms with no strict requirements.
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Sonic Corporation has a 21% marginal tax rate and received $10,000 of dividends from Roller, Inc., a U.S. corporation in which Sonic owns less than 2% of the outstanding stock. Sonic's effective tax rate on the Roller dividend is:
a. 21%
b. 0%
c. 10.5%
d. None of the above
C. 10.5%. because of the 70% DRD, Sonic's taxable income includes only $3,000 of the $10,000 Roller dividend. The tax on $3,000 is $1,050, and $1,050/$10,000 equals a 10.5% effective tax rate.
The term “income” usually refers to the quantity of money, property, and other transfers of value acquired over a hard and fast time frame in change for services or products. there is no unmarried, wellknown definition: earnings is described according to the context wherein the concept is used.
Income is cash that an person or enterprise receives in trade for offering labor, generating an excellent or provider or investing capital. people usually earn income thru wages or profits, while organizations earn earnings from promoting goods or services above their cost of production.
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business to consumer' is selling to the end consumer who uses the product. what is another word for this model?
In a B2C retail model, the final consumer who has purchased the product or service for personal use receives it directly from the firm. The B2B (business-to-business) model, which involves trading goods and services between businesses rather than between businesses and customers, is sometimes used to contrast it.
What kind of company sells to the final customer?Businesses that sell directly to consumers, or B2C, sell products and services. Consumers are end users who purchase goods or services for their own consumption.
What is the name for business-to-consumer?A business's relationship with a single customer is referred to as "business-to-consumer" (B2C). B2C, however, refers to all forms of direct-to-consumer selling.
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question 2 options: please provide your response to the nearest integer with no comma or $ sign. a tractor for over-the-road hauling is purchased for $51,000. it is expected to be of use to the company for 6 years, after which it will be salvaged for $3,000. calculate the depreciation deduction and the the book value during each year of the tractors life. using straight-line (sln) depreciation, provide depreciation and book value for year 5. depreciation for year 5
The book value and the depreciation deduction for each year of the tractor's life. Provide depreciation and book value using straight-line (sln) depreciation; the result is $14333.33 for year 5.
What is purchase example?10,000 pairs of shoes are ordered by Shoes Unlimited from a foreign vendor. This entails the issuing of a purchase agreement, which is a formal declaration by the business that it will buy the specified kind and number of shoes. They act as legally enforceable document of the goods/services which were ordered and serve as a significant tool for buyers by formalizing specifications and pricing.
Briefing:Straight line depreciation:
straight-line method=cost of assets-salvage value/expected life
=$51,000-$3,000/6
=$50,500
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requires all customers to sign a release that contains a clause that releases kings from all liability in the event of an injury occurring during an amusement park ride, no matter who is at fault. this is an example of a. a covenant not to compete. b. an exculpatory clause. c. an adhesion contract. d. none of the choices.
The above contract is an example of an adhesion contract. The correct answer would be option C.
An agreement in which one party has a significant advantage over the other in determining the parameters of the contract is known as an adhesion contract. A standard set of terms and conditions that are the same as those provided to other customers is required for the existence of a contract of adhesion. Those terms and limitations are non-negotiable, so the contract's weaker party must accept it as written rather than asking for clauses to be added, deleted or amended. Boilerplate contracts and standard contracts are other names for adhesion agreements.
Adhesion contracts are frequently used for insurance, leases, car purchases, loans and other activities where there will be a large number of clients who will all fall under some type of common form of agreement.
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quora what is the difference between lead price travel date and promo valid for departures for gate 1
To compare them and look for price discrepancies (though make sure to factor in your travel into the city too).
What is the longest a flight ticket can be valid?Only the flight you have scheduled is covered by the airline ticket you have purchased, along with its price. An unreserved airline ticket and its price are typically valid for one year, counting both the day it is issued and the day after it.
How long is the flight plan valid?A FPL may be submitted within the United States up to 23 hours in advance and will be retained in the system until two hours after the filed estimated time of departure (ETD).
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In recent years, various forms of media—newspapers, television stations, radio networks, and even blogs—are increasingly owned by.
In recent years, the various forms of media- the newspapers, television stations, radio networks, and even blogs are increasingly owned by a small number of corporations.
What is media?In mass communication, media refers to the channels of communication or technologies that are used to transmit and store information or data. The phrase is applicable to various facets of the mass media communications industry, including print media, publishing, the news media, photography, film, broadcasting (radio and television), digital media, and advertising. The invention of early writing and paper, which made it possible for longer-distance communication networks like mail, including in the Persian Empire and Roman Empire, could be seen as the emergence of early forms of media. Authors like Howard Rheingold have framed early forms of media as early forms of writing and human communication, like the Lascaux cave drawings. According to H.L. Mencken, mass media first appeared in American usage in 1923.
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if a marketing department will create an advertising campaign for cereal in an effort to increase sales by 12% by the end of the second quarter, which component of smart below does the phrase "increase sales by 12%" represent?
A component of SMART below the phrase "increase sales by 12%" represents Measurable if a marketing department creates an advertising campaign for cereal with the goal of increasing sales by 12 percent by the end of the second quarter.
When defining the scope of a project, what is the first step a project manager will take?
The creation of a statement of work is the first step in defining the scope of the project.This is the official document that specifies the project's requirements.It includes a general description of the work that needs to be done, a schedule, a timeline, any special skills that are required, and the location of the work.
When a change request is approved, what does a project manager do?
The project deliverables will need to be updated if the change request is approved.Plans and schedules, documents about the business process, and documents about the requirements are examples of this.The project manager can inform everyone who will be affected of the new course of action once these updates have been made.
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Full Question = If a marketing department will create an advertising campaign for cereal in an effort to increase sales by 12% by the end of the second quarter, which component of SMART below does the phrase "increase sales by 12%" represent?
a. Time phased
b. Measurable
c. Action-oriented
d. Simple
Which of the following product groups is a leading export of the United States? Multiple Choice a. home appliances b. toys c. airplanes d. metals
Airplanes is a a leading export of the United States. Option C
What is meant by exports?Exports are products and services made in one nation and offered to customers in another. Imports and exports together make up global trade.
Moving items created inside a nation's borders and traded with another nation are referred to as exports. The selling of these products increases the economic growth of the nation that produces them by bringing in foreign exchange profits.
The process by which businesses from one nation sell their products and services to clients or customers in another nation is known as exporting.
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suppose you go shopping for a gift for a friend and also find a sweater that you want for yourself. you pay cash for the gift and write a check for the sweater. your purchases are made with money holdings represented by
Option b. the transaction demand for money because you planned to buy the gift and the precautionary demand for money because you did not anticipate buying the sweater is the correct answer.
Transaction demand for money is the requirement of money to fulfil day-to-day needs. It is one of the components of the money demand. It is a part of the income as whole money is not demanded transaction purposes.
Suppose you go shopping for a gift for a friend and also find a sweater that you want for yourself. You pay cash for the gift and write a check for the sweater. Your purchases are made with money holdings represented by
the transaction demand for money because you planned to buy the gift and the precautionary demand for money because you did not anticipate buying the sweater.
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a tech company decides to pay dividends to shareholders out of its net earnings. this will decrease its
Companies typically make large dividend cuts due to financial problems, such as falling profits or increasing shareholders. Companies sometimes cut dividend payments for more aggressive reasons, such as preparing for a major acquisition or share buyback.
Although dividends are not an explicit part of equity, paying cash dividends reduces the amount of equity on a company's balance sheet. This is because cash dividends are paid out of retained earnings, which directly shareholders' capital.
Stock and cash dividends do not affect the company's net income or earnings. Dividends, in turn, affect capital on the balance sheet. Dividends reward investors for their investment in the company, whether in cash or stock.
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A tech company decides to pay dividends to shareholders out of its net earnings. this will decrease its
This program automatically uses a shareholder's dividends to acquire additional shares of a firm's outstanding or newly issued stock.
If a organisation pays inventory dividends, the dividends lessen the agency's retained earnings and boom the common stock account. stock dividends do not bring about asset changes to the balance sheet but as a substitute affect only the equity aspect with the aid of reallocating a part of the retained earnings to the commonplace inventory account.
Dividend- A dividend is the distribution of a organisation's income to its shareholders and is determined by means of the company's board of administrators. Dividends are frequently dispensed quarterly and can be paid out as cash or in the shape of reinvestment in additional stock.
The dividend yield is the dividend per proportion and is expressed as dividend/price as a percent of a organisation's proportion charge, along with 2.five%.
not unusual shareholders of dividend-paying corporations are eligible to obtain a distribution so long as they very own the stock earlier than the ex-dividend date.
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FILL IN THE BLANK. A recession tends to cause the federal budget deficit to _________ because tax revenues ______ and government spending on transfer payments ________.
A recession tends to cause the federal budget deficit to increase because tax revenues fall and government spending on transfer payments rise.
Why would there be a recession?Everybody experiences the effects of a recession in some form since the entire economy is in decline. Since there is less money available, there are more people without jobs and less money to spend. Many analysts disagree on when the NBER will declare a recession, which has not yet been done. The National Bureau of Economic Research economists are the designated recession scorekeepers (NBER). The NBER will monitor GDP growth, real personal income (RPI), labor data, and consumption to monitor the state of the economy as a whole. However, there is no set threshold for a recession.
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Businesses can reduce income inequality by which action?
Adjust minimum wage laws to increase worker pay.
Pass a new tax law that benefits workers.
Provide very high executive compensation.
Commit to paying a living wage to all employees.
Businesses can reduce income inequality through the action of committing to paying a living wage to all employees. So the correct option is d.
Living wages are calculated by costing the basic needs of a family in terms of food, housing, transport, water, phone cost, clothes, education, health, and other essential needs. So, it means that the wage level which is satisfactory to provide for the basic necessities. Receiving a living wage helps to break cycles of poverty by ensuring that pay is sufficient to cover household essentials as well as occasional emergencies or unexpected expenses.
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suppose that consumers decide to save less and spend more. what effect would this have in the market for loanable fund
It will result in higher interest rates and a decrease in the amount of money lent.
What influences the market for loanable funds?All Credit, lending, and borrowing The need for loanable money will rise as individuals and businesses increase their borrowing, credit, and loans. The need for loanable funds will decline as loans, credit, and borrowing by individuals and businesses decline.
How can higher savings lead to lower interest rates?Savings are the foundation for investment since giving up consumption opens the door for investment in common goods. A larger tendency to save expands the available funds and lowers the interest rate.
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Within the ad/as model, if an unanticipated reduction in aggregate demand results in less than the full-employment rate of output,.
Answer:
!
Explanation:
Within the ad/as model, if an unanticipated reduction in aggregate demand results in less than the full-employment rate of output, lower resource prices and declining interest rates will direct the economy back to full employment. Thus, option (c) is correct.
In order to close the production gap and bring the economy back to full employment, lower resource prices and falling interest rates boost aggregate demand and drive output.
Over time, prices will fluctuate in a predictable manner, leading to an efficient economy with full employment. Although there may be upward pressure on salaries and prices if the output gap remains, the normal rate of unemployment may also rise.
Therefore, option (c) is correct.
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Your question is incomplete, but most probably the full question was.
Within the AD/AS model, if an unanticipated reduction in aggregate demand results in less than the full-employment rate of output, _______
the natural rate of unemployment will increase.long-run aggregate supply will increase.lower resource prices and declining interest rates will direct the economy back to full employment.higher resource prices and rising interest rates will direct the economy back to full employment.smith company presents the following data for 2012. inventories, beginning of year $ 310,150 inventories, end of year 340,469 cost of goods sold 2,103,696 net sales 8,690,150 the number of days' sales in inventory is:
The number of days' sales in inventory is 56.44
Days in inventory are calculated by dividing average inventory over a given time by the cost of goods sold (COGS) during that period and multiplying the result by the number of days in the period.
Formula
Days' sales in Inventory = 365 ÷ Inventory turnover
Cost of Goods Sold COGS = $2103696
Inventory in the end (Current) = $340469
Inventory ]in the beginning (Previous) = $310150
First, we need to find out the inventory turnover, by using the following formula
Inventory Turnover = Cost of Goods Sold ÷ Average Inventory
= 2103696 ÷ (3404696 + 310150)/2
= 2103696 ÷ 325309.5
= 6.47
Now, that we have the inventory turnover, the days' sales in inventory are found out by the following formula
Days' sales in Inventory = 365 ÷ Inventory turnover
= 365 ÷ 6.47
= 56.44
Therefore, the days' sales in inventory are 56.44 for the given cost of goods sold of COGS = $ 2103696, Inventory in the end of $340469 and in the beginning of $310150. This means that the firm's inventory sits an average of 56.44 days , before it is sold.
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in order to be useful to managers, managerial accounting reports should possess all of the following characteristics except a.provide objective measures of past operations and subjective estimates about future decisions b.be prepared in accordanc
Ensure your preparation follows generally recognized accounting rules.
What Are Accounting Principles?Accounting standards are the guidelines that companies and other organizations must follow when disclosing financial information. These rules regulate the terminology and practices that accountants must use, which facilitates the analysis of financial data.
What types of accounting principles are there?Accounting standards like GAAP and IFRS require businesses to record and report financial information in their books of accounts in accordance with preset guidelines and regulations called accounting principles. These standards help businesses provide accurate and honest financial accounts.
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an equipment bought four years ago for $4 comma 760 has a current market value of $2 comma 380 . if kept for one more year, it will cost $1 comma 700 in operation and maintenance costs and will have a market value of $1 comma 950 at the end of the year. in conducting a replacement analysis for the equipment, which of those cash flows can be considered a sunk cost?
The required answer is $2,380.
An expense that has already been paid for and cannot be recovered is known as a sunk cost. Sunk costs cannot be recovered, hence they shouldn't be taken into account when deciding whether to keep funding an ongoing project.
Even if certain fixed expenses are not considered sunk costs, a sunk cost is always categorised as a fixed cost. As with bespoke equipment for which there is no secondary market, a fixed cost that is a sunk cost cannot be recovered. It is possible to recoup a fixed cost that is not a sunk cost, typically by selling the item to a third party.
In the given question,
$2,380 as the current sunk cost of the equipment will be the value which we'll get for the equipment if we sell it now (the current market price).
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