Resources are directed to their highest productivity. According to the principle of comparative advantage, specialization and trade increase a nation's total output.
Using the idea of comparative advantage, a country that specializes in its comparative advantage in free trade may achieve larger output benefits by exporting the good in which it has a comparative advantage and importing the good in which it has a comparative disadvantage. Specialized economies have a comparative advantage in the production of a products or service. The capacity to produce an item or service at a lower marginal cost and opportunity cost than another good or service is referred to as comparative advantage. When nations specialize, this exchange generates trade profits. The advantages of specialization include the ability to generate a greater number of products and services, higher productivity, output beyond a country's production potential curve, and lastly, resources that can be produced.
learn more about trade here:
https://brainly.com/question/27622280
#SPJ4
if investors anticipate that the exchange value of the euro will appreciate against the dollar in the future, then the current exchange value of the euro will appreciate against the dollar.
a. true
b. false
(a) trueThe value of the dollar will drop as fears of inflation rise Euro appreciation is 0.9457-0.8984/0.1984 = 5.27% Dollar depreciation is an amount.
If the value appreciates or goes up demand for the currency also rises. In contrast,if a currency depreciates,it loses value against the currency against which it is being tradedA rising domestic currency means foreign investments will have lower returns when converted back to the local currency.On the other hand,a declining home country currency will increase the domestic currency returns of foreign investments.When the U.S.dollar appreciates against the euro,the dollar's exchange rate increases relative to the euro.So,the price of a commodity in Europe is much lower than before as the dollar's value is more than the value of the euro.A currency crisis involves the sudden and steep decline in the value of a nation's currency,which causes negative ripple effects throughout the economy.The euro depreciated by 15.0 % against the United States dollar between 2011 and 2021.
To learn more about dollar please click on below link.
https://brainly.com/question/14982791.
#SPJ4
companies are starting to calculate health care premiums for workers based on their participation in __programs, although the legality of some of these practices is still being discussed.
Companies are starting to calculate health care premiums for workers based on their participation in wellness programs, although the legality of some of these practices is still being discussed.
Rethinking is the business practice of recruiting a party outside an organization to perform benefits or make merchandise that were customarily acted in-house by the organization's own representatives and staff.
A decent scorecard is an essential administration execution metric that helps organizations distinguish and work on their interior tasks to help their outside results. It estimates past execution information and furnishes associations with criticism on the most proficient method to settle on better choices later on.
A statement of purpose is utilized by an organization to make sense of, in straightforward and brief terms, its purpose(s) for being. It is generally one sentence or a short passage, making sense of an organization's way of life, values, and morals.
To learn more about business practice here:
https://brainly.com/question/20461628
#SPJ4
you are a japanese citizen and want to profit by using a forward contract since your expectations of the spot rate 30 days hence is different than the current 30 day forward rate. in particular, the 30 day forward rate is 90 yen/$ and you expect the spot rate, 30 days hence, to be 100 yen/$. assuming your expectations are correct, explain exactly how you could use the forward market to make a profit. assume you have 900 yen to invest. be sure to identify the profit in yen and your return in terms of the percent of your original investment.
Expectations for the spot rate 30 days from now differ from the current 30 day forward rate, you are a Japanese citizen and want to profit by using a forward contract.
What do you mean t by investment in a business ?Since your expectations for the spot rate 30 days from now differ from the current 30 day forward rate, you are a Japanese citizen and want to profit by using a forward contract. You specifically expect the spot rate to be 100 yen after 30 days, but the 30 day forward rate is 90 yen.
An investor will purchase an ownership stake in your company through an equity investment. As an illustration, an investor might contribute $100,000 for a 10% ownership stake, which entitles them to 10% of future revenues.
Imagining you have 900 yen to spend. Make sure to note both your return on investment expressed as a percentage of your initial investment and your profit in yen. Spending by for-profit organisations and private companies on tangible assets that are used to produce goods and services is known as business investment.
To learn more about investment refer to :
https://brainly.com/question/25790997
#SPJ4
By entering a forward contract, you could buy 900 USD at the forward rate of 90 yen/$, then 30 days later sell them for 100 yen/$, making a profit of 100 yen. This would represent a return of 11.11% on your original investment of 900 yen.
What is original investment? Original investment is the initial capital that is put into a business or project. It is the money that is used to purchase the equipment, materials, and personnel needed to start a company or to fund a project. Original investment is also known as seed money, startup capital, or initial capital.Original investment is a pivotal part of any venture, as it is the financial foundation that helps to get the business or project off the ground. Without the necessary capital, a business or project may not be able to move forward. For this reason, it is important to ensure that the original investment is carefully planned and allocated in the most efficient way possible.For businesses, this may involve the use of business plans, cash flow projections, and market research to determine what is the most beneficial way to use the original investment. For projects, this may involve a detailed analysis of the project scope, budget, and timeline to ensure that the original investment is allocated to the most important aspects of the project.Ultimately, the success of a business or project is largely dependent on how well the original investment is managed and allocated. When done correctly, original investment can give a business or project the best chance of success.To learn more about original investment refer to:
https://brainly.com/question/24168249
#SPJ4
The accompanying table shows the U.S. domestic demand schedule and domestic supply schedule for oranges. Suppose that the world price of oranges is $0.30 per orange.
a. Draw the U.S. domestic supply curve and domestic demand curve.
b. With free trade, how many oranges will the United States import or export?
Suppose that the U.S. government imposes a tariff on oranges of $0.20 per orange.
c. How many oranges will the United States import or export after introduction of the tariff?
d. In your diagram, shade the gain or loss to the economy as a whole from the introduction of this tariff.
B) Companies are starting to calculate health care premiums for workers based on their participation in wellness programs, although the legality of some of these practices is still being discussed.
Rethinking is the business practice of recruiting a party outside an organization to perform benefits or make merchandise that were customarily acted in-house by the organization's own representatives and staff.
A decent scorecard is an essential administration execution metric that helps organizations distinguish and work on their interior tasks to help their outside results. It estimates past execution information and furnishes associations with criticism on the most proficient method to settle on better choices later on.
A statement of purpose is utilized by an organization to make sense of, in straightforward and brief terms, its purpose(s) for being. It is generally one sentence or a short passage, making sense of an organization's way of life, values, and morals.
To learn more about business practice here:
https://brainly.com/question/20461628
#SPJ4
The cluster of decisions about what goals to pursue, what actions to take, and how to use resources to achieve goals, is called an organization's strategy.true or false
The concept here is Strategy, it is a cluster of decisions about what goals to pursue, what actions to take, and how to use resources to achieve goals. The answer is, true.
A strategy is a high-level plan to achieve one or more long-term or general goals under uncertain conditions. The strategy is based on the integration of the activities of the organization and the use and allocation of limited resources in the organizational environment to achieve the current goals.
When planning a strategy, it should be noted that decisions are not made in a vacuum and that every action taken by the company can provoke a reaction from affected competitors, customers, employees, or suppliers.
Strategy is a collective approach that recognizes the goals and uncertainties of events, and also considers the likely and actual behavior of others. In this way, companies are well prepared for future situations and strive to succeed despite difficulties.
To know more about Strategy,
brainly.com/question/6870962
#SPJ4
when the price of a gallon of gasoline increases, people look for ways to reduce their consumption by combining several errands, commuting by carpool or mass transit, or taking weekend or vacation trips closer to home. economists refer to this as
When economists talk about supply, they're referring to the connection between a range of prices and the amounts delivered at different prices. We can visualize this connection using a supply curve or a supply schedule.
When economists talk about the quantity supplied, they only imply one number on the supply schedule or a specific location on the supply curve. In a nutshell, supply denotes the curve, while quantity supplied denotes a particular point on the curve. An economist is a specialist and practitioner in the social science field of economics. The person can also research, create, and use economic theories and concepts, as well as write about economic policy. There are many sub-fields in this field, ranging from broad philosophical theories to the focused study of minutiae in particular markets, macroeconomic analysis, microeconomic analysis, or financial statement analysis, involving analytical methods and tools like econometrics, statistics, economics computational models, financial economics, mathematical finance, and mathematical economics. Economists operate in a variety of settings, including academia, government, and the commercial sector, where they may also "analyze data and statistics in order to spot patterns in economic activity, economic confidence levels, and consumer attitudes.
Learn more about economists here
https://brainly.com/question/22238746
#SPJ4
dbs network is launching a new sitcom on television. the sitcom has tied up with a new energy drink called zero-g, which will be prominently displayed on the show by having the characters drinking it often. in this scenario, the phenomenon described is known as tv .
TV product placement is a form of marketing that involves the strategic placement of a product or brand in a television show.
By having characters drink the energy drink Zero-G often on the show, the brand becomes associated with the show and its characters, creating a positive brand image and increasing brand awareness. This in turn increases the likelihood of viewers purchasing the product.
The process of developing, communicating, delivering, and trading offerings that are valuable to customers, clients, partners, and society at large collectively is known as marketing.
To know more about marketing here
https://brainly.com/question/13414268
#SPJ4
gabriel has a weekly income (n) of $50, which he uses to purchase cupcakes (c) and tea (t). the price of a cupcake is $1 and the price of tea is $2.50. suppose gabriel's income drops to $25 and the prices of cupcakes and tea each fall to one-half their initial prices. one would expect gabriel's budget line to: gabriel has a weekly income (n) of $50, which he uses to purchase cupcakes (c) and tea (t). the price of a cupcake is $1 and the price of tea is $2.50. suppose gabriel's income drops to $25 and the prices of cupcakes and tea each fall to one-half their initial prices. one would expect gabriel's budget line to: stay the same. shift to the left. rotate around one of the axes, but we cannot tell which one. shift to the right.
Gabriel's budget line ought to go to the left, as one might anticipate.
What is a budget line?The set of all product combinations that a consumer can afford to buy, given their income and the costs of the products, is shown graphically as a budget line. On a graph, it is drawn as a straight line with the quantity of one good (often represented on the x-axis) on one axis and the quantity of the other good (typically represented on the y-axis) on the other axis. The position of the line indicates the income of the consumer, and its slope depicts the relative cost of the two commodities. The budget line displays how much of each good, based on income and product pricing, a consumer is able to buy in total.
To learn more about budget line visit:
https://brainly.com/question/14637545
#SPJ4
Brandon is a traveling salesperson for Best Publishing Co. His job is to drive around to bookstores and persuade them to stock Best publications. One day, while on his way to his next appointment in College Park, Brandon accidentally rear-ends Emily.
A. Has Brandon committed a tort? What will Emily have to prove to hold Best liable?
B. Assume Brandon uses his own car, sets his own hours, decides without direction from Best what bookstores to visit, and is paid according to how many books he places in bookstores. What kind of agent is Brandon? How does this affect Best’s liability?
C. Assume Brandon takes directions from Best on most aspects of his job. While stopping to get gas, Brandon gets into a fistfight with the station attendant, who makes a negative comment about Brandon’s favorite baseball team. Brandon injures the attendant. If the attendant sues Best, what will Best argue to avoid liability?
An act or omission that causes harm to another and constitutes a civil wrong for which courts place responsibility is referred to as a tort. This excludes contract breaches.
What is a tort?A tort is a civil wrong that entails legal consequences for the person who performed the tortious act and causes loss or harm to the claimant. Tort law concentrates on civil wrongs, similar to criminal law, which deals with offenses that the state has the authority to punish. Some wrongdoings, such as assault and battery, can result in both a civil lawsuit and a criminal prosecution in countries where the civil and criminal legal systems are separate. Contrast tort law with contract law, which provides legal remedies for violations of a contractually imposed responsibility. Traditional English tort law serves as the foundation for common law jurisdictions' tort laws, whereas Roman law serves as the primary inspiration for civil law nations' tort laws.
To learn more about tort, visit:
https://brainly.com/question/26413476
#SPJ1
which of the following is a best practice for ensuring treatment fidelity in a behavioral intervention
A treatment manual detailing specific behaviors to take place during the treatment is the best fidelity in a behavioral intervention.
Treatment fidelity is a metric for how consistently an intervention is delivered in a treatment research. It affects the eventual acceptance of interventions that are supported by evidence in typical clinical settings and is a key factor in determining the validity of a research study.
Participants' self-reports and expert or trained raters' ratings are two popular ways to gauge fidelity. For self-report measurements, an intervention's essential components or steps are listed, and participants record whether each step has been accomplished. Self-report assessments can be straightforward and less resource-intensive (e.g., human, time, and material-intensive), but they could lead to an overestimation of fidelity.
For such more question on treatment:
brainly.com/question/30143040
#SPJ4
Following question may be like this:
What is the best practice for ensuring treatment fidelity in a behavioral intervention?
In complex operational strategies, which often call for the operations function to take on a wide range of activities, the operational specialization benefits of focus can still be achieved by:
In complex operational strategies, the operational specialization benefits of focus can still be achieved by splitting the activities among several units, each of which focuses on a specific subset.
Receiving a sophisticated tool creation request or a complicated order for a complex strategy that isn't already in the system can result in the production of complex strategies. When the operations function is in charge of a broad range of tasks in complicated operational strategies, it can be challenging to reap the benefits of operational specialisation through focus.
Therefore, by ideally dividing or splitting the tasks across numerous units, each unit can concentrate on a particular subset of the tasks, promoting higher specialisation and efficiency in those fields. By doing this, the company may focus on its complex operational needs while still reaping the benefits of operational expertise.
Read more about splitting the activities on:
https://brainly.com/question/29602236
#SPJ4
The following transactions occurred during the month of June 2021 for the Stridewell Corporation. The company owns and operates a retail shoe store.
1. Issued 120,000 shares of common stock in exchange for $600,000 cash.
2. Purchased office equipment at a cost of $98,750. $39,500 was paid in cash and a note payable was signed for the balance owed.
3. Purchased inventory on account at a cost of $240,000. The company uses the perpetual inventory system.
4. Credit sales for the month totaled $408,000. The cost of the goods sold was $204,000.
5. Paid $5,250 in rent on the store building for the month of June.
6. Paid $2,760 to an insurance company for fire and liability insurance for a one-year period beginning June 1, 2021.
7. Paid $173,400 on account for the merchandise purchased in 3.
8. Collected $81,600 from customers on account.
9. Paid shareholders a cash dividend of $6,000.
10. Recorded depreciation expense of $1,975 for the month on the office equipment.
11. Recorded the amount of prepaid insurance that expired for the month.
Required: Prepare journal entries to record each of the transactions and events listed above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
600,000 in cash, 120,000 in common stock Money 39,500 Cash 98,750 Notes payable 59,250 Office equipment 240,000 in inventory and 240,000 in accounts payable Sales 408,000 204,000 .
in Cost of Goods Sold; 408,000 in Accounts Receivabl Rent Cost: 5,250 Cash Outlay: 5,250 Cost of insurance: 2,760 Cash 2,760 173,400 in accounts payable Cash 173,400 Cash 81,600 Accounts Receivable 81,600 Cash 6,000 Dividends 6,000 Accumulated Depreciation 1,975 Depreciation Cost 1,975 Prepaid Insurance X Insurance Cost (X represents the calculated value) For the perpetual inventory system, there is no need for a journal entry.600,000 in cash, 120,000 in common stock Money 39,500 Cash 98,750 Notes payable 59,250 Office equipment 240,000 in inventory and 240,000 in accounts payable Sales 408,000 204,000 .
learn more about Depreciation here:
https://brainly.com/question/15085226
#SPJ4
if you collected data on the length and width for a random sample of abalone, you have bivariate data.
Bivariate data is data that contains two different variables. In this case, the two variables are the length and width of the abalone, which can then be used to analyze patterns and relationships between the two variables.
Bivariate data can be used to analyze patterns and relationships between two variables. In this case, the two variables are the length and width of the abalone. By collecting data on both the length and width of the abalone, the data can be used to gain insights into the size and shape of the abalone. This information can then be used to inform decisions, such as the optimal size and shape of the abalone for commercial purposes. By analyzing the bivariate data, researchers can also gain insights into the patterns of growth and development of the abalone. This can help inform decisions on how to best manage and conserve the species.
Learn more about Bivariate data: https://brainly.com/question/20876341
#SPJ4
One of the most important things an international business person can do to avoid cultural misunderstanding is tohire an interpreter. choose a common language like Englishlisten to your client or customer. ensure that contracts are tightly worded. adopt a laissez faire attitude.
Answer:
One important strategy is to conduct extensive cultural and linguistic research prior to conducting business in a foreign country. This could include researching the cultural norms and customs, understanding the language and communication styles, and being aware of potential cultural differences in business practices. Additionally, it's important to understand the cultural dimensions of Hofstede, Trompenaars and GLOBE, which are frameworks used to compare cultures and to understand the cultural differences that may arise in the business context.
Another strategy is to hire a professional translator or interpreter to facilitate communication and ensure that the intended message is conveyed accurately. This is especially important when dealing with legal documents, contracts and other important communications. Furthermore, it is important to be aware of linguistic nuances and idiomatic expressions, which can lead to misinterpretation and confusion.
It is also crucial to be aware that culture is multifaceted, and that there are different levels of culture, such as national, organizational and professional culture. Understanding the different levels of culture can help to avoid misunderstandings and to create effective communication.
Furthermore, adopting a flexible and open-minded attitude, as well as being willing to adapt to the cultural norms and customs of the foreign country, is crucial in avoiding misunderstandings. This could include being willing to adjust one's communication style, business practices, or even one's own personal beliefs and values in order to build a more effective working relationship.
terrence plays softball two nights a week and his current grade in economics is 80 percent. he decides to play softball for three nights each week and his economics grade falls to 65 percent. the marginal cost to terrence of playing softball one more night each week is
Terrence will pay a 15 percentage economic point premium to play softball one additional night each week.
Which scenario best illustrates opportunity cost?A nation decides to cultivate bananas rather of wheat. A nation can produce affordable commodities, sell them, and purchase goods that it cannot produce effectively.
What kind of opportunity cost is that?A student spends $20 and three hours at the movies the night before a test. The opportunity cost is the total of the money and time that could have been used for other purposes instead of learning. When a farmer decides to plant wheat or use the resources in another way, there is an opportunity cost involved (land and farm equipment).
To know more about economic point visit:-
https://brainly.com/question/1462102
#SPJ4
unions are treated as an environmental factor because they act as a when dealing with a firm. group of answer choices a. third party b. supervisor c. shareholder d. political party
The correct response is a. third party. Unions are treated as an environmental factor because they act as a third party when dealing with a firm.
A company that provides quality services is known as a firm. Corporations, limited liability companies (LLCs), and partnerships are a few examples of these types of organizations. A single location is typical for businesses. When you say someone is firm, you're referring to their actions, which demonstrate their control over the situation or that they are not going to change their viewpoint. With him, she had to be stern. One-person businesses, partnerships, limited liability companies, and corporations are examples of firms. The phrase is slightly more frequently linked to a partnership. A company, or firm, is a type of commercial entity that operates with the goal of turning a profit by selling products and services. Firm and business or company are interchangeable terms.
Learn more about firm here
https://brainly.com/question/14623353
#SPJ4
Suppose the Xavier values each apple at $1 and each banana at $2; Yolanda values each apple at $2 and each banana at $4; and Zoe value each apple at $2 and each banana at $1. Consider the following three allocations:
Allocation 1: Xavier has 4 apples and 3 bananas, Yolanda has 2 apples and 2 bananas, and Zoe has 3 bananas and 4 apples.
Allocation 2: Xavier has 3 apples and 4 bananas, Yolanda has 2 apples and 2 bananas, and Zoe has 4 bananas and 3 apples.
Allocation 3: Xavier and Zoe have nothing, Yolanda has 9 apples and 9 bananas.
Rank the three allocations according to the Pareto criterion.
No allocation Pareto dominates another.
What is the Pareto criterion?
When no decision or action can be made that benefits one person without harming another, this is known as Pareto efficiency or Pareto optimality. The Pareto optimality standard efficiency criterion is expressed in terms of individuals as follows: If it is impossible to redistribute resources in a way that benefits one person without harming at least one other person, the allocation is considered efficient. According to the Pareto criterion, a gain in the social welfare of the economy is indicated if any reorganization of economic resources does not worsen anyone and makes someone better off. The limiting circumstances are as follows: 1. Pareto Optimality for Exchange 2. Production Pareto Optimality 3. Pareto Optimality for Production and Exchange.
To learn more about Pareto criterion click on the given link:
https://brainly.com/question/29990566
#SPJ4
Expenses are best defined as:
- Amounts owed to creditors.
- Amounts the owners have invested in the business.
- Costs of providing products and services.
- Distributions to stockholders.
The best way to define expenses is as: - Debt obligations. - Amounts that the business's owners have put into it. -invested of giving out goods and services.
What does being invested mean?
to have invested a lot of time and energy into something and to deeply care about it. She has a great deal of interest in seeing this project through to completion.
He put his savings into the company. Millions of dollars will be spent by the city on two new schools. The city intends to spend a lot of money on education this year. The project required a significant amount of time.
to have an interest in something because of a commitment to it or an expenditure of resources, such as money,
Know more about goods Visit:
https://brainly.com/question/29426090
#SPJ4
Filomina is preparing to sell her home and thinks she should test for radon. Which of the following options about radon testing is true?
O Filomina can hire a professional to perform the test, or she can buy a test kit and submit it to a lab for analysis.
O Filomina can purchase a home test kit and interpret the results herself.
O Filomina is required to test for radon and perform any necessary mitigation before placing her property on the market.
O Filomina must hire a certified testing company to perform the radon test and interpret the results.
The following option that true about radon testing that should Filomina do is Filomina can hire a professional to perform the test, or she can buy a test kit and submit it to a lab for analysis. So the correct option is A.
A radon test generally can be defined as the only way to know whether a building has high radon levels. Radon testing usually use a professional to perform test. Or also, radon testing can be done by using test kit and then submit the result of a test to a lab for analysis. Radon testing is a important test because radon is an chemical element that harmful. When radon travels through a house and becomes trapped inside, so it can dangerous and make any problem.
Here you can learn more about radon test https://brainly.com/question/8121115
#SPJ4
refer to above. consider the data above (in billions of dollars) for an economy. gross domestic product (in billions of dollars, assuming 2013 is a base year)) for this economy equals during 2015 was a. $7580. b. $5850. c. $2,200. d. $2110.
gross domestic product (in billions of dollars, assuming 2013 is a base year) for this economy equals during 2015 was a. $7580.
A. The correct answer is a. $7580.
B. To calculate Gross Domestic Product (GDP) for this economy in 2015, we will first need to calculate the real GDP.
C. Real GDP is calculated by dividing the nominal GDP (in current dollars) by the GDP deflator. The GDP deflator is a measure of the inflation rate.
D. The nominal GDP for 2015 is $7580. The GDP deflator for 2013 is 1, so the real GDP for 2015 is $7580.
E. Therefore, the Gross Domestic Product (GDP) for this economy in 2015 is $7580 (in billions of dollars).
To know more about gross domestic product:
https://brainly.com/question/14768180
#SPJ4
how does ad revenue benefit consumers? multiple choice question. it encourages consumers to pay more for valuable products. it increases the prices that consumers pay for select products. it reduces the number of ads that consumers are shown. it enables companies to offer free services to consumers.
The correct statement about ad revenue is that it encourages consumers to pay more for valuable products.
Ad income is the money you can earn from the advertisements viewers see while viewing your content. These ads may be found on websites, movies, and social networking sites. Ads like those that appear on videos and web articles are similar to those that appear in magazines and on television because including the ads often makes the material free. Among other sorts of advertisements, a web page may have banners, corner videos, sticky advertisements, and takeover advertisements.
By including advertising revenue in your income streams, you may monetize your content and increase your earnings.
Learn more about ad revenue:
https://brainly.com/question/29955637
#SPJ4
Statement of cost of goods manufactured; cost of goods sold
The following data are taken from the general ledger and other records of Valley View Manufacturing Co. on January 31, the end of the first month of operations in the current fiscal year:
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $75,000
Materials inventory (January 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,000
Work in process inventory (January 1) . . . . . . . . . . . . . . . . . . . . . . . 24,000
Finished goods inventory (January 1) . . . . . . . . . . . . . . . . . . . . . . . . 32,000
Materials purchased. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21,000
Direct labor cost. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,000
Factory overhead (including $1,000 of indirect materials used and $3,000 of indirect labor cost) 12,000
Selling and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . 10,000
Inventories at January 31:
Materials. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,000
Work in process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000
Finished goods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,000
a. Prepare a statement of cost of goods manufactured.
b. Prepare the cost of goods sold section of the income statement.
a. The cost of goods manufactured in January is $57,000.
b. The cost of goods sold is $59,000.
What is an income statement?An income statement summarises a company's revenue, expenses, and profitability over time. It is also known as a profit-and-loss (P&L) or earnings statement. It demonstrates that you:
revenue from selling goods or services.expenses to produce the revenue & manage your business.Net income (or profit) after expenses.Statement of Cost of Goods Manufactured
For Month Ending January 31
Direct Material: Inventory, January 1 25,000
Purchases 21,000
Total cost of Available Material 46,000
Less Inventory, January 31 22,000
Cost of Material Used 24,000
Less Indirect Material 1,000
Cost of Direct Material used in production 23,000
Direct Labor 18,000
Factory Overhead 12,000
Total Manufacturing Cost in January 53,000
Add Work-in-Progress, January 1 24,000
77,000
Less Work-in-Progress, January 31 20,000
Cost of Goods Manufactured in January 57,000
Thus, the cost of goods manufactured in January is $57,000.
b.
Finished goods inventory, January 132,000
Add cost of goods manufactured 57,000
Goods available for sale 89,000
Less finished goods inventory, January 31 30000
Cost of goods sold 59,000
Therefore, the cost of goods sold is $59,000.
Learn more about income statement
https://brainly.com/question/28035395
#SPJ1
given the cost information below, answer the following questions. outputtotal cost 0$ 10.00 119.76 229.06 337.90 446.31 554.30 instructions: enter your answers rounded to two decimal places. a. when output is 1, total variable cost is $ . b. when output is 2, average fixed cost is $ . c. when output is 3, average variable cost is $ . d. when output is 4, average total cost is $ . e. when output is 5, marginal cost is $ .
When output is 1, total variable cost is $ 9.76 and Average Fixed cost when output is 2 is $ 5
In layman's terms, total cost (TC) refers to all costs associated with a particular production or workplace partnership. Variable costs plus fixed costs constitute total costs in economics.
Calculating the outputs:a. Total Variable cost when output is 1.
= 19.76 - 10
Total variable cost = $9.76
b. Average Fixed cost when output is 2.
= 10/2
Average fixed cost = $5
c. Average Variable Cost when Output is 3.
= (37.09 - 10) / 3
Average variable cost = $9.30
d. Average Total Cost when output is 4;
= 46.31/4
Average total cost= $11.58
e. Marginal Cost when output is 5.
= Total cost at 5 - Total cost at 4
= 54.30 - 46.31
= $7.99
What are fixed costs and total costs?The cost that remains constant regardless of the level of output is known as total fixed cost (TFC). The cost that fluctuates in response to changes in output level is known as total variable cost (TVC). The sum of total fixed costs and total variable fixed costs is called total cost (TC).
What is the name of fixed cost?Costs that do not change when production or sales volumes increase or decrease are known as fixed costs. This is because they are not directly involved in providing a service or manufacturing a product. Consequently, fixed costs are regarded as indirect costs.
Learn more about total cost:
brainly.com/question/29509552
#SPJ4
1968 billy casper 205,169 34.8 1,445,026 1980 tom watson 530,808 82.4 1,578,896 1982 craig stadler 446,462 96.5 1,133,967 2017 justin thomas 9,921,560 245.1 9,921,560 true or false: according to the previous table, the golfer with the highest pga winnings in nominal dollars is not the same as the golfer with the highest pga winnings after adjusting for inflation.
False, With winnings of $10,508,163, Woods led the PGA in monetary terms. Even after accounting for inflation, Woods continues to hold the record for the most PGA victories among the golfers in the preceding table.
Originally founded by the Professional Golfers' Association of America, it was split off into a separate organization in December 1968 for tour players rather than club pros, who make up the bulk of the current PGA of America. The PGA Tour, originally known as the "Tournament Players Division," took on the name "PGA Tour" in 1975. It oversees the majority of the week-to-week professional golf competitions on the PGA Tour, including The Players Championship, held at TPC Sawgrass; the FedEx Cup, whose championship round is held at The Tour Championship at East Lake Golf Club; and the biennial Presidents Cup.
Learn more about PGA here
https://brainly.com/question/14917497
#SPJ4
You and a coworker are presenting a status report to a client. The project is a little behind schedule and may need to be adjusted. You have prepared a detailed presentation updating the client on the current state of research and development for the project.
While you are meeting with the client, your coworker frequently checks his email, shuffles through papers, and interrupts you. The client is getting noticeably agitated with your coworker. The client seems worried about the project and unable to get a clear idea of why it is behind schedule. You fear that the client will begin to question your team’s credibility.
You decide to take control of the meeting. You ask the client to present all his questions and concerns. You indicate that he will not be interrupted. Your coworker takes the cue and begins taking copious notes, trying to record every word that the client says.
After expressing his concerns, the client then asks for your response. To calm the client’s fears and to get the meeting back on track, you attempt to get to the core of his concerns. Unfortunately, your coworker doesn’t really understand what the client has said and gets hung up on inconsequential details.
During the meeting, you know that your coworker is not listening well. Which of the following bad listening habits does he have? Check all that apply.
Allowing disruptions
Overlistening
Faking attention
Stereotyping
Dismissing subjects as uninteresting
Failing to observe nonverbal aids
Allowing disruptions, over listening, faking attention and failing to observe nonverbal aids.
What is a nonverbal aid?A type of communication that does not rely on spoken or written words is known as a nonverbal assistance. Body language, gestures, facial expressions, and visual aids like charts, diagrams, and pictures are a few nonverbal cues. In meetings, presentations, and other professional contexts, nonverbal cues are frequently employed to support or reinforce spoken communication. They may also be used to express thoughts, feelings, or other information that can be difficult to describe in words alone. In general, nonverbal aids are a crucial component of efficient communication since they may support verbal communication and help to express meaning.
To learn more about nonverbal visit here:
https://brainly.com/question/13342774
#SPJ4
Identify whether each of the following events in this scenario occurs in the factor market or the product market.
Event
Factor Market
Product Market
Dmitri spends $350 to purchase software from PC Pros. Frances earns $625 per week working for PC Pros. Frances spends $8 to order a mojito cocktail. Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of dollars, inputs, or outputs. Check all that apply.
Frances's labor
The $475 per week Dmitri earns working for Little Havana
The $350 Dmitri spends to purchase software from PC Pros
The mojito Frances receives
While different production elements like land, capital, and labor are purchased and sold on the factor market, products and services are sold and bought on the product market.
Dmitri spends $350 to purchase a good from a producer, making this a component of the goods market (Product Market)Frances is making money by providing services in order to participate in the factor market.Frances is purchasing a good with her money, making this a component of the goods market (Product Market)Frances's labor flows from the household to the business (select)Dmitri's income is a transfer between businesses and households (do not select)The $350 that Dmitri spends is on products and services, therefore this is a household to business flow (select)The Mojitos Frances receives come from businesses going to homes (do not select)To know more about Marketing Strategy, refer to this link:
https://brainly.com/question/13414268
#SPJ4
Which of the following terms refers to customers who make repeat purchases and tell others about their positive experiences with a product or service? A. barnacles B. market mavens C. surrogate customers D. customer evangelists E.butterflies
The correct response is D. customer evangelists. Customers that make repeated purchases and spread the word to others about how happy they are with a product or service are known as customer evangelists.
A customer is a person or company that purchases goods or services from another company. Customers are important because they produce income. Businesses would fail if they weren't there. A client is a specific kind of customer that purchases professional services from a business, whereas a customer is someone who uses a company's products or services. Clients purchase advise and solutions, whereas customers typically purchase things. Any individual or group that has purchased goods or services from a business is considered a customer. You represent a company's consumer every time you pay a bill or make a purchase there. There are three primary sorts of clients in general.
Learn more about customer here
https://brainly.com/question/12831236
#SPJ4
Which of the four major factors that influence health and longevity has the greatest impact on disease risk?
Lifestyle, the environment, genetics and health care, these are the four main pillars of health. Nutrition and lifestyle are fully in our hands, so they are called modifiable factors.
Many diseases are caused by bad lifestyle and nutrition and a bad environment will lead to the origin of many diseases and disorders. With the advent of technology, we can decrease the spread of diseases related to genetics that can be prevented.
If the core determinant is weak then there will be a need for medical care. Nearly seventy-five percent of resources are allocated to health care by all the richest countries all over the world to treat lifestyle-related diseases.
There must be a good lifestyle to reduce the diseases which need to be opted for by all the medical care units of the world.
To know more about major factors that influence health.
brainly.com/question/30125748
#SPJ4
sage acquired land on credit by signing a $66,000, one-year, answer comparability answer yes noninterest-bearing note. the asset account was debited for $66,000. the interest rate for a similar purchase is 10%
Comparability is the correct option. According to the accounting concept of comparability, a company's financial records must be comparable with the industry's peers as well as from period to period.
Comparability is a financial accounting attribute that concerns the utility of financial data. Comparable data is information that is created by employing the same measuring procedures and published in a similar manner because it is comparable and may be appraised alongside other similar financial information. Accounting comparability has been demonstrated to have a number of beneficial economic implications for businesses and investors. Significantly, comparability influences financial analysts' behaviors and the accuracy of their projections. Firms with more similar accounting records, in particular, have superior accuracy in analyst earnings forecasting and stock price appraisal. Accounting comparability has also been demonstrated to be adversely linked with the expense of both government and private debt, which supports the view that accounting comparability enhances the quality of the data environment.
Learn more about stock here:
https://brainly.com/question/14649952
#SPJ4
kendra, a user, would like to share her serial printer that has no networking connectivity with the other users in her small office. which of the following would be the best choice for providing this functionality with the least effort and cost to the user?
The best choice for providing this functionality with the least effort and cost to the user is enable print sharing on the computer.
What is enable print sharing on the computer?The process of granting access to one or more printers to many computers and other devices on the same network is known as printer sharing. Microsoft strongly advises against using Dial-up Networking with the File and Printer Sharing component enabled. Your Dial-Up adapter's File and Printer Sharing component may be turned off by clicking Start, Settings, Control Panel, and then double-clicking Network.
Less money is spent on printers and supplies since fewer printers are required decrease in maintenance. Less equipment needs upkeep, and fewer workers are spending time messing with printers.
Learn more about print sharing: https://brainly.com/question/27962260
#SPJ4