If merchandise inventory is being valued at cost and the price level is steadily rising, the method of costing that will yield the highest net income is: FIFO.
In order to calculate LIFO (Last-in, First-Out), multiply the cost of your most recent inventory by the quantity of goods sold, as opposed to FIFO (First-In, First-Out), which multiplies the cost of your oldest inventory by the quantity of inventory sold. First in, first out is a straightforward idea that describes how the FIFO technique in industrial storage works and how things are handled. In other words, the first load of goods or units to arrive at the warehouse leaves first. The last in, first out (LIFO) approach of inventory accounting is utilized. According to LIFO, expenses are deducted starting with the expenditures of the most recent goods that were bought (or produced). Only in the United States is LIFO practised, and it is governed by generally accepted accounting rules (GAAP).
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true or false: firms that pursue either related or unrelated diversification generally employ a multidivisional structure.
The following Statement "firms that pursue either related or unrelated diversification generally employ a multidivisional structure" is True.
A firm is a legal designation for a group of individuals with a particular goal who are either naturally occurring, legally created, or a combination of both. Employees of the organisation cooperate to accomplish explicitly stated objectives. There are several types of companies.
A business can be established as a legal entity with limited liability as long as its members fulfil or fail to fulfil their obligations in accordance with the publicly proclaimed incorporation or published policy. If a business shuts, it might need to be liquidated in order to discharge any outstanding debts.
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use the equation for the line of best fit to predict the salary for an employee with 6 years of experience? (round your answer to the nearest dollar.) $61,150 $58,587 $59,672 $57,990
The wage for a worker with six years of experience is predicted by the equation for the line of best fit, which is $58,587.
What does slope refer to?Although it was originally used in English by O'Brien in 1844 when he expressed the equation for a straight line as "y = mx + b," and by Todhunter in 1888 when he wrote it as "y = mx + c," it is unknown why the letter m is usually used to denote slope.
The slope can be calculated by comparing the "vertical change" to "horizontal change" between any two distinct points on a line. The outcome is the same for each ratio when expressed as a quotient ("rise over run").
Any two spots in the specified grid must be taken.
Let the two points are (0, 52000), (1, 53,150)
m=(53150-52000)/(1-0)
m=1150
Therefore, slope=1150
Now, the equation of the line is y=mx+b
52000=1150(0)+c
c=52000
Therefore, y=1150x+52000
For 6 years experience,
Take x=6 then,
y=1150(6)+52000
y=6900+5200
y=58,900
y=$58,900≈58,587
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Oil prices are denominated in terms of _____ in international commodities markets.
Oil prices are denominated in terms of greenbacks in global commodities markets.
What are the major commodity markets?The fundamental U.S. commodity exchanges are ICE Futures U.S. and the CME Group, which holds four principal exchanges: the Chicago Board of Trade, the Chicago Mercantile Exchange, the New York Mercantile Exchange, and the Commodity Exchange.
What are 5 examples of commodities?Some common examples of commodities consist of grains, gold, beef, oil, and herbal gas. More recently, the definition has elevated to consist of financial products, such as overseas currencies and indexes. Technological advances have additionally led to new kinds of commodities being exchanged in the marketplace.
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https://brainly.com/question/29577608#SPJ4posting a notice of unfair practices in the workplace, issuing a cease and desist order, providing back pay for lost wages, reinstating dismissed workers, and issuing an order to bargain with the union are all examples of:
The union are all examples of employees have freedom to self-organize, form, join, or aid labor unions, as well as the right to collectively bargain through their own representatives.
What are labor unions?Since the National Labor Relations Act was passed in 1935, labor unions in the US have existed as organizations that represent employees in a variety of industries. The majority of their current work is representing their members in disputes with management over alleged violations of contract terms as well as collective bargaining for their membership's pay, benefits, and working conditions. At the state and federal levels, larger trade unions frequently take part in electioneering and lobbying efforts. The AFL-CIO, founded in 1955, and the Change to Win Federation, which broke away from the AFL-CIO in 2005, are the two bigger umbrella organizations with which the majority of unions in the United States are affiliated. On behalf of employees in the US and Canada, both push for laws and policies.
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the main reason auditors investigate property, plant, and equipment that has been replaced, sold, dismantled, or abandoned during the year is to
This is the text of the Auditing and Assurance Standards Board's (AASB) Guidance Note on Audit of Property, Plant, and Equipment (PPE).
which deals with real estate, machinery, and equipment?According to this recognized concept, an organization examines all of its costs for property, plant, and equipment as they are incurred. These expenses cover both the original expenditures of purchasing or building a piece of property, plant, or equipment as well as the ongoing costs of maintaining, repairing, or adding to it.
What are the goals of an audit of property, plant, and machinery?Determine whether the listed property, plant, and equipment are complete. Check the clerical accuracy of the property, plant, and equipment schedules. Identify whether the cost of the valuation or allocation of General accepted accounting principles are followed with regard to property, plant,
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dante co. allows employees to take two weeks vacation during each year. to account for the two weeks off each year, dante will accrue the vacation benefits with a credit to the account.
The entry that Dante Co. will make to account for the vacation benefits would be a credit to the Vacation Benefits Payable .
How are vacations accounted for ?When a company makes a benefit available to its employees , these benefits will be taken out of the companies revenues because the employees will either get monetary compensation, or get time off which means less production for the company . The company would therefore debit these benefits to the relevant expense account to show that they are indeed, expenses .
There will then be a credit to a liability account to show that the company owes its employees these benefits . The credit in this case would be the Vacation Benefits Payable which is the liability account for the vacation benefits promised by Dante Co . to its employees .
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which stakeholder group is most likely to view higher profits as a key objective? a. employees b. shareholders c. suppliers d. customers
Shareholders are more inclined to consider higher profits as their main objective. Because shareholders are entitled to a return on their investment in the company, they will aim to maximise profits.
What does the term "shareholder" mean?Investors are more likely to view increased profits as their primary goal. They will want to maximise profits since shareholders have a right to a return on their investment in the business.
Anyone who holds at least one share of a company's stock or mutual fund unit is referred to as a shareholder. Additionally, shareholders, who own the majority of the company's ownership, are subject to certain duties. They can gain from a company's success with this ownership structure. Each shareholder's information is recorded in both the Companies Register and the company's own share register.To know more about mutual fund please click here https://brainly.com/question/4521829
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Which of the following are contract rights may be assigned? The right to receive future worker's compensation benefits The right to receive house cleaning services The right to insure a property Payment of$500
The right to receive house cleaning services are contract rights that can be assigned.
A legally binding agreement between two or more parties is called a contract that establishes, clarifies and stipulates the respective rights and obligations of the parties. The subsequent delivery of goods, services, money, or the promise to deliver any of these are common elements of a contract.
The aggrieved party may seek legal remedies such as damages or contract termination for breach of contract. Agreements must be respected, which is the foundation of contract law, a branch of contract law that deals with contracts. Like other aspects of private law, contract law varies from country to country.
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As far as this safety spanish program is concerned, what is the only day you should be shopping at wal-mart?
Answer: Tuesday.
Explanation: "Wal-Mart Tuesdays . . . Wal-MARTES, get it?"
Answer:
Explanation:
tuesday?
at the point where the benefit of another hour of work exactly equals the opportunity cost, the worker becomes indifferent between spending the next hour on
When there is a shortage of resources, there must be unavoidable trade-offs; achieving one goal more often implies achieving other goals less.
What is a resource?When we talk about resources, we're talking about all the things that are available to us that are environmentally friendly, economically viable, and culturally sustainable and that help us meet our needs and desires. Resources can be broadly categorized based on their availability into renewable and non-renewable resources. With time and evolving technology, an object might become a resource. Increased wealth, the smooth operation of a system, or improved wellbeing are only a few advantages of resource use. Resources have been produced in a variety of well-established fields of study, including economics, biology and ecology, computer science, management, and human resources, for example. These concepts are linked to those of competition, sustainability, conservation, and stewardship. Commercial or non-commercial elements that are applied within human civilization necessitate resource management and resource allocation.
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TRUE/FALSE. credit is a term used to describe any situation in which goods, services, or money is received in exchange for a promise to repay at a future date.
It is true that the phrase "redit" refers to any circumstance in which items, services, or cash are given in exchange for a promise to pay back later.
How does REPAY operate?Using a customer's mobile device or digital wallet, our only ever web gateway, and other methods, lenders and businesses may easily and securely accept cards as payment online.
Repaying a loan: Is this a resource?On the other hand, when a loan is given, the client signs a contract promising to pay back the entire amount borrowed plus interest. This legally enforceable agreement is worth more than the borrower agrees to pay back (presuming they would), and as such, it can be viewed as an investment in accounting terms.
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parker (i.e., the principal) orally asks austin (i.e., the agent) to sell a ranch that parker owns. austin finds a buyer and signs a sales contract on behalf of parker to sell the ranch. which rule applies here?
As soon as Austin finds a buyer and executes a sales contract on Parker's behalf to sell the ranch, the power of attorney rule is in effect.
What is power of attorney?A power of attorney (POA), sometimes known as a letter of attorney, is a document that grants someone the right to represent or handle another person's interests in business, legal, or other private matters (including financial and health-related matters).
The principal, grantor, or donor is the party giving the other permission to act (of the power). The agent, attorney, or, in some common law countries, the attorney-in-fact, is the one who has the power to act.
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(Figure 67-5: Profit Maximization in Monopolistic Competition) In panel B, the profit-maximizing price is P, and the ATC curve is tangent to the new demand curve. The portion of the ATC that lies to the right of the tangency and continues down to the intersection of MC with ATC indicates: (Critical thinking) a. that the firm is experiencing an economic loss, b. that the firm is earning an economic profit. c. overutilization d. excess capacity. e deadweight loss
The correct option are option (d) excess capacity.
In panel B, the ATC curve is tangent to the new demand curve, and P2 is the price that maximizes profit. Because in the long run under perfect competition the price is equal to the marginal cost=minimum ATC, the portion of the ATC that lies to the right of the tangency and continues down to the intersection of MC with ATC indicates excess capacity. As a result, choice (D) is correct.
What is meant by excess capacity?
A firm producing at a lower scale of output than it was intended for is said to have excess capacity. It exists when marginal cost is lower than average cost and average (unit) cost can still be decreased by producing more goods and services.
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A marketing channel relies on logistics to make products available to consumers and industrial users. Logistics involves those activities that focus on getting the right amount of the right products to the right place at the right time at the lowest possible cost. The performance of these activities is logistics management—the practice of organizing the cost-effective flow of raw materials, in-process inventory, finished products, and related information from point of origin to point of consumption to satisfy customer requirements. A supply chain is a sequence of firms that perform activities required to create and deliver a product or service to ultimate consumers or industrial users. It differs from a marketing channel in terms of membership. A supply chain includes suppliers that provide raw material inputs to a manufacturer as well as the wholesalers and retailers that deliver products. The management process is also different. Supply chain management is the integration and organization of information and logistics activities across firms in a supply chain for the purpose of creating and delivering products and services that provide value to consumers.
In order to make items accessible to consumers and industrial users, a marketing channel depends on logistics.
In order to make items accessible to consumers and industrial users, a marketing channel depends on logistics. Logistics refers to the actions that are focused on delivering the proper quantity of the proper products to the proper location at the proper time for the least amount of money.
The execution of these tasks is known as logistics management, which is the process of planning the reasonably priced movement of raw materials, inventory of goods still being manufactured, finished goods, and related information from the point of production to the point of consumption to meet customer requirements.
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a person receives social security at age 63 and is earning $23,000/year at a part-time position, how much of their allotted $12,000 yearly social security payments would they receive? assume $12,000 is the amount after deducting the early withdraw penalty.
Social security is the security provided to individuals by society to guarantee income security. This is helpful in case of old age and unemployment as many benefits can be reaped like healthcare.
Suppose, the individual starts working at the age of 18
63 - 18 = 45 years of work
Social security: $12,000 per year
Total security: $12,000 * 45 = $5,40,000
Alloted social security: $5,40,000
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If a person gets social security at age 63 and is earning $23,000/year at a part-time position, he would earn $5,40,000 alloted social security.
If the person begins working at the age of 18, then 63 - 18 = 45 years of work.
Social Security: $12k annually
Security in total: $12,000 x 45 = $5,40,000
Social Security allocation: $5,40,000
Social security is the safety net that society offers to people and families to assure access to health care and to ensure income stability, notably in circumstances of old age, unemployment, sickness, invalidity, a job accident, maternity, or loss of a breadwinner. Workers with disabilities who satisfy the medical and insurance requirements receive payments from Social Security.
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Flowerland is an open economy with a flexible exchange rate regime. The natural rate of unemployment is 5%, the frictional rate of unemployment is 4%, and the actual rate of unemployment is 7%.
The numerical value of the cyclical rate of unemployment is 2%, according to the Flowerland is an open economy with a flexible exchange rate regime.
What do you mean by the cyclical rate of unemployment?The portion of overall unemployment that is specifically caused by cycles of economic expansion and contraction is known as cyclical unemployment. Typically, unemployment increases during economic downturns and decreases during boom times.
The cyclical unemployment rate is the difference between the present rate and the natural unemployment rate (unemployment brought on by workers moving about or looking for new employment) (the total amount of unemployed).
Cyclical rate of unemployment = Actual rate of unemployment - natural rate of unemployment
Cyclical rate of unemployment = 7% - 5%
Cyclical rate of unemployment = 2%.
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The ________ of an asset or liability is its cost carried on the balance sheet.
The book value of an asset or liability is its cost carried on the balance sheet.
The book value of a company is the net distinction between that company's total resources and total liabilities, where book value mirrors the total value of a company's resources that investors of that company would get assuming the company were to be sold.
A resource's book value is identical to its conveying value on the balance sheet.
Book value is much of the time lower than a company's or alternately resource's fairly estimated worth.
Book value per share (BVPS) and the price-to-book (P/B) proportion are used in essential examination.
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Because services are __________, it is often difficult for marketers to convey the benefits to consumers.
Because the services are intangible, it is often difficult for the marketers to convey benefits to consumers.
What is a service?The term "services" refers to any intangible tasks or functions that a client, company, or government is ready to pay for. Consider the work done by professionals like barbers, doctors, lawyers, mechanics, banks, insurance companies, and others as examples. The funding of public services is the responsibility of the entire community (a nation-state, fiscal union, or region). Service users profit from the use of resources, knowledge, creativity, and experience by service providers. The service must be provided at the precise moment when the service is consumed. A physical thing that is separate from the provider does not represent the service. The consumer of a service and service delivery are inextricably linked.
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a bank statement provided by a bank includes all of the following except: group of answer choices a list of deposits recorded by the bank. the beginning and the ending balance of the bank account. a list of bank fees. a list of outstanding checks. g
Such as processed deductions and deposits, our average daily balance, and any interest earned.
A deposit is an act of setting coins with a few entities, most commonly with a monetary institution, inclusive of a financial institution. traditionally, there are 4 varieties of bank deposits in India, which are - cutting-edge Accounts, habitual Deposits, financial savings money owed, and Fixed Deposit accounts.
A deposit is an amount of money stored in a bank account. the two styles of deposits are demand deposits and time deposits. call for deposit money owed include checking bills, financial savings accounts, and money marketplace money owed. Time deposit accounts encompass certificates of deposit money owed and character retirement money owed.
Deposits are savings products that clients can use to preserve a sum of money at a bank for a particular length of time. In go back, the economic group pays the consumer the applicable amount of interest, based on how a lot they choose to deposit and for how long.
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calculate the wacc for optimus. as a reminder, optimus is funded with 40% debt and 60% common stock; there is no preferred stock in the capital structure. the debt has an after-tax cost of 4%. use the optimus required rate of return on equity that you calculated using the capm. explain why it is appropriate for optimus to value the electrobicycle project using its wacc. compare using the wacc to using solely the cost of equity in valuing the electrobicycle project.
The wacc to using solely the cost of equity in valuing the electrobicycle project is 7.96%. Required rate of return on equity using the capital asset pricing model (CAPM)
required return on equity = risk-free rate + (beta of of stock*Market risk premium)
required return on equity = 4% + (1.10*6%) = 4% + 6.6% = 10.6%
Optimus' required rate of return on equity using the capital asset pricing model (CAPM) is 10.6%.
WACC (weighted average cost of capital) = weight of debt*after-tax cost of debt + weight of equity*Cost of equity
weight of debt and equity are given as: 40% debt and 60% equity.
Cost of equity is the required return on equity of 10.6% an after-tax cost of debt is given as 4%.
WACC = 0.40*4% + 0.60*10.6% = 1.6% + 6.36% = 7.96%
the WACC for Optimus is 7.96%.
Optimus should use WACC to value its Electro bicycle project because its capital structure includes more than one source of capital i.e. it includes both debt and equity.
If optimus uses solely the cost of equity in valuing the Electro bicycle project instead of WACC then there will be mismatch between cash flows from the project and discount rate. WACC is the required return for all the investors/capital providers of the project.
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the miller company earned $99,000 of revenue on account during year 1. there was no beginning balance in the accounts receivable and allowance accounts. during year 1, miller collected $70,000 of cash from its receivables accounts. the company estimates that it will be unable to collect 3% of its sales on account. what is the amount of uncollectible accounts expense that will be recognized on the year 1 income statement?
The miller company earned $99,000 of revenue on account during year 1. there was no beginning balance in the accounts receivable and allowance accounts. during year 1, miller collected $70,000 of cash from its receivables accounts. the company estimates that it will be unable to collect 3% of its sales on account. The company has 3 % of bad debts.
What are the Bad Debts?Bad debt, also known as uncollectible account holders expense, is a sum of money owed to such a creditor that is likely to go unpaid and for which the debt collector is unwilling to take activity to collect for a variety of reasons, frequently because the debtor lacks the funds to do so, for instance, because a company is going bankrupt or into liquidation.
Bad debts are those that are never longer collectible and are written off as losses or expenses. For instance, bank loans as well as purchases made on credit fall underneath the heading of bad debt.
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What kind of advertisements would
company be unable to measure with standardized tests?
The Bureau of Labor Statistics divides the adult population into four categories: employed, underemployed, unemployed, and not in the labor force.
Employment-Population Ratio, Unemployment, Active Job Search Techniques, Unemployment Rate, Not in the Labor Force.
The employment-population ratio shows the proportion of the civilian noninstitutional population that is employed. It is, in other words, the proportion of the population that is employed at the moment.
(Employed Civilian Noninstitutionalized Population) x 100 is the formula for calculating the employment-population ratio.
The percentage of the labor force that is employed that is unemployed is known as the unemployment rate (the labor force is the sum of the employed and unemployed).
(Unemployed Labor Force) x 100 equals the unemployment rate.
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a marketer is scheduling creatives for their upcoming campaign in campaign manager 360. what is one thing they need to do to ensure an ad will run every time?
One thing they need to do to make sure an ad runs every time is for your account to exclusively serve across mobile devices.
Account - What Does That Mean?A record in such an accounting system known as an account keeps track of the financial transactions involving a particular asset, liability, capital, revenue, or expense As the company events take place throughout the course of the accounting period, these records grow and shrink.
Why are accounts crucial?Accounting is crucial to running a business because it makes it simpler to keep track pf income and expenses, guarantees legal compliance, and provides access to terms of quantitative data that can be utilized by investors, management, and indeed the government to make choices.
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One of the main criticisms of the theory of contestable markets is that the assumption of extremely free entry into (and costless exit from) the industry is unlikely to hold in the real world.
True
This statement is True. One of the main criticisms of the theory of contestable markets is that the assumption of extremely free entry into (and costless exit from) the industry is unlikely to hold in the real world.
Criticism is the development of a judgment about the negative characteristics of someone or something. criticism can variety from impromptu feedback to a detailed written reaction. grievance falls into several overlapping sorts together with "theoretical, practical, impressionistic, affective, prescriptive, or descriptive".
criticism may also talk over with an expression of disapproval. while complaint of this nature is positive it may make a person aware of gaps in their know-how and offer incredible routes for development. research supports the perception that user comments and constructive criticism inside the studying manner are very influential.
The two phrases both translate as critique, Kritik, and critica, respectively. within the English language, philosopher Gianni Vattimo indicates that criticism is used more regularly to denote literary complaints or artwork complaints at the same time as critique refers to a different standard and profound writing as Kant's Critique of a pure motive. some other distinction this is from time to time made is that the review is neither personalized nor advert hominem and is offered in a manner that encourages rebuttal or enlargement of the expressed ideas. though, the differences are diffused and ambiguous in quality.
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the earned income tax credit, a government program that supplements the incomes of low-wage workers, is an example of a
The earned income tax credit, a government program that supplements the incomes of low-wage workers, is an example of a wage subsidy.
A refundable tax credit for qualified (low-income) taxpayers with earned income is known as the Earned Income Credit (EIC). Wages, self-employment earnings, and legally reimbursable disability benefits are all considered earned income. To be eligible for EIC, a person must follow seven requirements.
Low- to moderate-income individuals, families, and employees can benefit from tax breaks thanks to the Earned Income Tax Credit (EITC). If you meet the requirements, you can use the credit to lower the amount of taxes you owe and possibly boost your refund.
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he best beer corporation has a beer-processing facility located in columbus, ohio. the beer facility has a system efficiency of 90 percent, and the utilization is 80 percent. three sub-facilities are used for processing. the facilities operate five days a week and three 8-hour shifts per day. what is the rated weekly capacity for the facility?
The best beer corporation has a beer-processing facility located in columbus, ohio. 259.2 is the rated weekly capacity for the facility.
System efficiency=90% utilization=80% no. of sub facilities=3 operates 5 days a week 8 hrs. per shift
3 shifts per day
Rated capacity = no. of resources scheduled hours per period x Effective Capacity Utilization Capacity Efficiency
= (3x5×8×3)×0.9×0.8
= 360xx0.9x 0.8
259.2
Therefore, 259.2 is the rated weekly capacity for the facility.
A corporation is an organisation—normally a group of humans or a organization—authorized through the nation to behave as a unmarried entity and diagnosed as such in regulation for sure functions. Early integrated entities were established through constitution. maximum jurisdictions now allow the creation of recent organizations thru registration.
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government rules on equal treatment of employees include: discrimination on the basis of sexual orientation is prohibited in all employment practices. government contractors must have written positive affirmative action plans to overcome the past and present effects of discrimination in their work force. affirmative action plans must be permanent. women and men must receive equal pay for performing equal work, but only if the woman is not pregnant.
Affirmative action must be taken by covered employers to recruit and advance qualified minorities, women, people with disabilities, and covered veterans for federal contractors and subcontractors.
Training programs, outreach efforts, and other positive steps are examples of affirmative actions.
What are affirmative action programs for?
Fair access to employment opportunities is the goal of affirmative action in order to create a workforce that accurately reflects the demographics of the qualified workforce in the relevant job market.
How far along is affirmative action?
In Grutter v. Bollinger (2003), the Supreme Court partially upheld affirmative action as a practice, while the Court simultaneously declared racial quotas for college admissions unconstitutional.In American politics, affirmative action continues to be contentious.
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What aspect of marketing contains, protects, displays, increases the utility, and promotes a product, as well as conveying the product and brand messages?.
Packaging is a branch of advertising in which a producer creates the wrapping or container to facilitate handling, delivery, and communication of the producer and commodity records by making it appear appealing.
What role does packaging have in marketing?
Packaging does so much more than only safeguard a product. It is an essential marketing tool that promotes branding, highlights the positive features of the product, and gives customers an unforgettable experience.
How can packaging boost sales?
Because of the attention it attracts, packaging that catches consumers' attention and emphasizes the value of the product frequently increases sales. Packaging for products conveys quality. In general, a product's packaging speaks volumes about its integrity, quality, and legality.
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how many discount points are necessary to raise the yield of a 12% loan with 360 monthly payments of $514.30 to 12.42%?
Discount points of 3.06% are required to boost the yield on a loan with a 12% interest rate and 360 payment of $514.30 a month to 12.42%.
How would you define "discount explain"?A dollar amount or a % deducted from an item's typical selling price is referred to as a discount. Make sure that need all of the items you plan to get before waiting after the holiday to make a purchase.
What is the discount procedure?A value obtained in the future is replaced by an equivalent benefits created right away through the process of discounting. Discounting determines this relative value, so a dollar received in 50 years may be actually quite low received today.
Briefing:Present value of loan=PV(12%/12,12*30,514.3)
=50000
PV(12.42%/12.12*30,514.3)
=48470
Discount=50000 - 48470
=1530
So discount points=1530/50000
Discount points =3.06%
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