Julie put half of her savings in a savings account. The amount of Julie initial saving in both accounts is 1200.
Since simple interest is calculated only on the principal, the simple interest income per year will be half of the simple interest income after two years. So a simple interest account earns $60 in the first year and another $60 in the second year.
In the second year, the compound interest account will earn the remaining $66, while the simple interest account will only earn $60. The difference of $6 between simple and compound interest earned on the same amount two years later is due to the interest earned in compound interest.
Calculating the problem:Now, calculate the interest rate using the interest earned on interest for the compound interest account.
The $6 interest earned on the interest was calculated out of the total interest earned on the first year, which is 60$.
Divide 6 by 60 to find the interest rate: (6 ÷ 60) x 100 = 10%.
Given that interest rate is 10%, Julie's investment in the simple interest account is
Interest = Principal x Rate x Time
120 = P x 10% x 2
120 = P x 20%
120 = P x 20/100
P = 120 x 100/20
P = 600
Hence, the initial investment in both accounts was 1200 (600 + 600).
Simple interest:Simple interest is calculated by multiplying the daily interest rate by the principal amount by the number of days until the next payment. Simple interest benefits consumers who pay their loans on time or at the beginning of each month. Auto loans and short-term personal loans are usually simple interest loans.
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Which of the following represents an inflow of cash and therefore would be reported on the statement of cash flows?
A. issuance of long-term debt
B. acquisition of treasury stock
C. retirement of bond payable
D. declaration of stock dividends
The answer is A) Issuance of long-term debt.
Retirement of bonds payable and acquisition of treasury stock both are cash outflow not cash inflow and declaration of a stock dividend is not a cash transaction.
so the Issuance of long-term debt is cash inflow and reported in the cash flow statement.
This statistic provides a rapid overview of both cash inflows and outflows. Money coming into a business is known as a cash inflow, which may come through sales, investments, or financing. The reverse of a cash outflow is a cash inflow, which is money entering a business.
The capacity of a corporation to produce positive cash flows determines its potential to create value for shareholders.
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nominal differences in currency swap rates multiple choice disappear when controlling for volatility. can be explained by the set of international parity relationships. can be explained by the quality spread differential. can be explained by the credit risk differentials.
Nominal differences in currency swap rates can be explained by the credit risk differentials.
The foreign currency change is a way that includes changing the coins flows which are generated from currencies to be able to hedge towards the fluctuations withinside the trade price. The hobby price swaps cope with the trade of coins flows among events generated at fees of hobby.
Currency swaps are over the counter derivatives that serve principal purposes. First, they may be used to reduce overseas borrowing costs. Second, they can be used as gear to hedge publicity to trade price hazard. Currency swaps are used to achieve overseas foreign money loans at a higher hobby price than a agency may want to achieve through borrowing without delay in a overseas marketplace or as a way of hedging transaction hazard on overseas foreign money loans which it has already taken out.
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how should the balances of progress billings and construction in process be shown at reporting dates prior to completion of a long-term contract? group of answer choices progress billings as income, construction in process as inventory. progress billings as deferred income, construction in process as a deferred expense. net, as income from construction if credit balance, and loss from construction if debit balance. net, as a current asset if debit balance and current liability if credit balance.
Net, as a current asset if debit balance and current liability if credit balance should the balances of progress billings and construction in process be shown at reporting dates prior to completion of a long-term contract.
A contract is a legally enforceable settlement among or extra parties that creates, defines, and governs mutual rights and obligations between them. A settlement usually involves the transfer of goods, offerings, cash, or a promise to switch any of those at a future date.
A promise by one birthday celebration to any other that they'll or will no longer carry out a specific action inside the destiny. instance: i'm able to pay you $3,500 for the acquisition of your vehicle. acceptance. normally mirrors the terms of the offer—an expression, through words or deeds, that each events agree to the phrases of the contract.
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Michel Company owns 75% of the outstanding common stock of Aber Corp. On its current consolidated income statement, Michel Company should report:
Multiple Choice
100% of Aber’s revenue and expenses.
75% of Aber’s revenue and expenses.
75% of Aber’s net income.
none of Aber’s revenue, expenses, and income.
The combined revenue and expenses of Michel Company and Aber Corp. should be included in Michel Company's most recent consolidated income statement.
Why is an income statement different from a consolidated income statement?All of the subsidiary businesses that the owner has a controlling stake in are included in a consolidated financial statement, as well as the subsidiaries that are wholly owned by the owner. In consolidated financial statements, the same elements are present in a different configuration than in individual financial statements.
25% (100% - 75%) of the net income or loss of Aber Corp. is attributable to non-controlling or minority interests. This demonstrates to readers of the parent company Michel Company's financial records that only 75% of the Aber Corp.'s net profit or loss actually belongs to Michel Company's stockholders.
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question content area top part 1 and are opening . there are no competing in the area. they must decide how to organize the business. they anticipate profits of the first year, with the ability to sell franchises in the future. although they have enough to start the business now as a partnership, cash flow will be an issue as they grow. they feel the corporate form of operation will be best for the long term. they seek your advice. read the requirementsloading.... question content area bottom part 1 requirement 1. what is the main advantage they gain by selecting a corporate form of business now? by selecting the corporate form of business now, and will a. benefit from the ability to exercise mutual agency within a corporation. b. be able to transfer ownership without affecting the continuity of the company. c. avoid the double taxation that affects partnerships and proprietorships. part 2 requirement 2. would you recommend they initially issue preferred or common stock? why? you would recommend that and initially issue ▼ common preferred stock because ▼ a corporation can only issue a small amount of common stock a share of common stock costs more than a share of preferred stock a share of preferred stock costs more than a share of common stock dividends generally must be paid on preferred stock . part 3 requirement 3. if they decide to issue par common stock and anticipate an initial market price of per share, how many shares will they need to issue to raise ? the number of shares to issue in order to raise $2,750,000 is
The main advantage they gain by selecting corporate form of the business now is they anticipate profits of first year, with ability to sell franchises in the future.
What is franchising?Franchising is based on a marketing idea that a company can use as a strategy for business growth. In cases where it is used, a franchisor grants a franchisee a licence to use all or part of its intellectual property, operating methods, business model, brand, and rights. In exchange, the franchisee agrees to pay specific fees and adhere to a number of conditions, which are normally outlined in a franchise agreement. The conventional arrangement in which the franchisee is an individual, unincorporated partnership, or tiny privately-held business ensures the franchisor has significant legal and/or economic advantages over the franchisee, making franchising rarely an equal partnership.
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how many years should be used to find the extended net present value for two repeatable mutually exclusive projects with a 3-year and 4-year life? group of answer choices 3 4 6 12
12 years should be used to find the extended net present value for two repeatable mutually exclusive projects with a 3-year and 4-year life.
A project is any mission, carried out in my view or collaboratively and likely involving studies or layout, this is carefully planned to achieve a specific intention.
Honestly placed, a mission is a sequence of obligations that need to be completed to reach a selected final result. A venture can also be defined as a set of inputs and outputs required to reap a specific goal. initiatives can vary from easy to complicated and can be managed by means of one person or one hundred.
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The standard costs and actual costs for direct labor for the manufacture of 2,500 actual units of product are as follows: Standard Costs Direct labor 7,500 hours at $11.80 Actual Costs Direct labor 7,400 hours at $11.40
The direct labor rate variance is.
A$2,960 favorable
B$4,500 unfavorable
C$2,960 unfavorable
D$4,500 favorable
The direct labor rate variance is $2,960 favorable.
Direct Labor Rate Variance = (Actual Rate per Hour - Standard Rate per Hour) × Actual Hours = ($11.40 - $11.80) × 7,400 hours = -$0.40 × 7,400 hours = -$2,960 Favorable Variance.
When requirements are in comparison to real overall performance numbers, the distinction is what we name a “variance.” Variances are computed for each the fee and amount of materials, labor, and variable overhead and are reported to management.
The popular fee according to hour is the anticipated fee of pay for employees to create one unit of product. The real hours labored are the real variety of hours labored to create one unit of product. If there's no distinction among the usual fee and the real fee, the final results might be zero, and no variance exists.
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on december 1, victoria company signed a 90-day, 4% note payable, with a face value of $12,600. what amount of interest expense is accrued at december 31 on the note? (use 360 days a year.)
The amount of interest expense accrued at December 31 is 26.
On December 1, victoria business enterprise signed a ninety-day, 4% notice payable, with a face value of $12, 600. $26 is the quantity of interest price collected on December 31.
Note payable is a financial instrument. In this situation note payable due date is after 3 months. So, after one month we will record interest on note payable as follows:
7800*4%*(3/12) = 78
For 1 month = 78/3 = 26
The note payable was sold on Dec. 1, and we need to calculate its interest on Dec. 31, which is one month. So, we will divide the total interest 78 by 3. This will give us one month of interest.
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culver, inc. has budgeted direct materials purchases of $425,000 in march and $535,000 in april. the company policy is to pay for 70% of purchases in the month of purchase and the remaining 30% in the next month. other expenses are paid during the month when incurred. during april, the following items were budgeted: salaries and wages expense $140,000 purchase of office equipment 260,000 selling and administrative expenses 130,000 depreciation expense 21,000 compute budgeted cash disbursements for april. budgeted cash disbursements for april $
culver, inc. has budgeted direct materials purchases of $425,000 in march and $535,000 in april. the company policy is to pay for 70% of purchases in the month of purchase and the remaining 30% in the next month. other expenses are paid during the month when incurred. during april, the following items were budgeted: salaries and wages expense $140,000 purchase of office equipment 260,000 selling and administrative expenses 130,000 depreciation expense 21,000 compute budgeted cash disbursements for april. budgeted cash disbursements for april . $ 348,000
Note that depreciation is not a cash flow. Note also that all cash outflows are cash disbursements regardless if they are operating, investing, or financing costs.
Payment of March purchases ($150,000*30%) $ 45,000
Payment of April purchases ($240,000*70%) $ 168,000
Wages expense $ 75,000
Purchase of office equipment $ 36,000
Selling and administrative expenses $ 24,000
Total $ 348,000
An price is the value of operations that a enterprise incurs to generate revenue. it's far certainly described because the cost one is required to spend on acquiring something. because the popular announcing is going, “it prices cash to make money.”
Not unusual charges consist of payments to suppliers, worker wages, manufacturing unit rentals, and system depreciation. organizations are allowed to put in writing off tax-deductible expenses on their income tax returns to lower their taxable earnings and as a consequence their tax legal responsibility; but, the inner sales service (IRS) has strict policies on which costs agencies are allowed to assert as a deduction.
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true or false: when depositors use an unregulated banking system such as the eurocurrency market, the probability of bank failure is greater than in a regulated system. true false question. true false
When depositors use an unregulated banking system such as the eurocurrency market, the probability of bank failure is greater than in a regulated system. This statement is a true statement.
What are banks and how important are they?One of the government's most crucial weapons for attaining economic growth without inflation is monetary policy, which is largely transmitted by banks. While banks facilitate the movement of money in the marketplaces they operate in, the central bank manages the money supply on a national scale.
How do banking systems function?People deposit money in banks, which then lend it out as business loans, mortgages, car loans, and credit cards. The process keeps money flowing through the system as the loan recipients spend the money they borrow, the bank makes money from the interest on the loans, and the system as a whole.
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one factor that can affect the market risk of a project is its degree of operating leverage, which is:
The amount of operating leverage, or the proportion of fixed costs variable costs, is one element that might influence a project's market risk.
What examples of variable and fixed costs are there?Variable costs alter based on the volume of production. Variable expenses include things like labor, commissions, and raw supplies. Fixed costs remain the same regardless of production output. Some examples of fixed expenses are payments for rent or lease, insurance, and interest.
How many variable costs are there?An variable cost is indeed a type of business expense that varies depending on the amount that a company makes or sells. Based on a firm's production or sales volume, variable costs grow or fall; they increase with rising production and decline with falling production.
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the housekeepers believe that without an additional staff member, they will not be able to increase performance no matter how much effort they exert. based on expectancy theory, what is the problem
The fact that effort is not always connected with rewards is one of the main issues with the expectation theory of motivation. You can work as hard as you want to convince your boss to grant you a raise, but if they don't want to, your efforts will be in vain.
According to expectancy theory, people are more motivated to work hard if they believe their efforts will be noticed and rewarded (Vroom, 1964). As a result, businesses that use performance-based pay might anticipate improvements. Performance-based compensation can tie benefits to how many things workers generated.
The three elements of Expectancy Theory-
Competency: Possessing the know-how required for the position.Feeling that the goal is attainable is difficult.Support: knowing who to contact or where to find the appropriate information.To know more about Expectancy theory click here,
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a nash equilibrium occurs when no player has an incentive to unilaterally change strategies. each player has an incentive to unilaterally change strategies. both players can cooperate to increase their payoffs. no player can earn a higher payoff from any other strategy.
A nash equilibrium occurs when no player has an incentive to unilaterally change strategies. Option A.
What is the nash equilibrium?The Nash equilibrium, which bears the name of the mathematician John Nash, is the most typical technique in game theory to describe the outcome of a non-cooperative game involving two or more participants.
In a non-cooperative game when none of the players has any resources, Nash Equilibrium, a notion from game theory, decides the best course of action.
According to the game theory notion of Nash equilibrium, each player in a noncooperative game can optimize their results based on those of the other players.
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a 10-year maturity bond with par value of $1,000 makes semiannual coupon payments at a coupon rate of 9%. find the bond equivalent and effective annual yield to maturity of the bond for the following bond prices. (round your answers to 2 decimal places.)
The yield to maturity (YTM) of a bond is the annualized back that a bond investor would get from holding the bond until maturity. It is also referred to as the redemption yield or the book yield.
YTM = {coupon + [(face value - market value)/n]} / [(face value + market value)/2] = {90 + [(1,000 - 940)/10]} / [(1,000 + 940)/2] = 36 / 970 = 0.0371134 = 3.7%
The bond equivalent yield is:
BEY = 2 x [√(1 + 3.7%) - 1] = 2 x [√1.037 - 1] = 2 x 0.01833= 0.06688 = 3.66%
The question isn't complete. The complete question is shown below:
A 10-year maturity bond with par value $1,000 makes semiannual coupon payments at a coupon rate of 6%. a. Find the bond equivalent and effective annual yield to maturity of the bond if the bond price is $940. (Round your intermediate calculations to 4 decimal places. Round your answers to 2 decimal places.
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TRUE/FALSE. before you can hope to achieve your financial goals, you will need first to measure your current financial health and develop a plan and a budget.
before you can hope to achieve your financial goals, you will need first to measure your current financial health and develop a plan and a budget, this statement is TRUE.
Setting Financial Goals
Setting short-, mid-, and long-term financial goals is an essential first step to achieving financial security. If you're not setting any specific goals, you run the risk of going over budget. You will then have no choice but to retire or to use the money for unforeseen expenses. It's possible to get caught up in a cycle of credit card debt and feel as though you'll never have enough money to buy adequate insurance, leaving you more vulnerable than necessary to managing some of life's biggest risks.
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TRUE. Before you can hope to achieve your financial goals, you will need first to measure your current financial goals and develop a plan and a budget.
Describe the significance of establishing financial goals.Because you are aware of the goal you are aiming towards, they make it simpler for you to make sacrifices or keep to a spending plan. They assist you in maintaining long-term attention. Financial objectives provide you direction and drive, and they can also help you stay disciplined in your approach to investing. Going through the process of long-term financial planning enables decision-makers to concentrate on long-term goals, fosters strategic thinking, and raises overall financial literacy understanding within a company. Long-term financial planning fosters dedication and motivation while acting as a decision-making framework. Something you intend to accomplish with your finances in the far future is a long-term financial objective.
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The rate of return that is used to find the present value of a future cash flow is called the __________.
Answer: present
Explanation:
although having more applicants to choose from is a good thing, can there be such a thing as too many applicants? for example, how might a company like process 2 million applicants per year, short of interviewing all candidates?
When there are too many applicants, the organization might end up spending significant time, resources, and money on an application process that might or might not be successful. The future candidates will be able to determine whether or not they are a better fit for this profession by themselves if the occupation prerequisite is made more general and abstract.
Shortlisting candidates who don't meet these specific employment requirements in the outset will aid the company in selecting the top job candidates and cut down on interview time. Utilizing techniques like resume parsing or continuous screening might assist in excluding applications that don't meet the ideal requirements. To conserve company resources and fill vacancies within the allotted time, businesses that receive an excessive number of applications can also think about cutting their hiring periods.
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safe according to safe principle 10, what should the enterprise do when markets and cusotmers demand change
According to safe principle .The Network reorganization to accommodate new value flow
The fundamental ideas of Agile, Lean, systems thinking, and product development flow serve as the foundation for SAFe concepts. The mentality, roles, and practises of SAFe are inspired and informed by these essential principles. Organizing around value in SAFe. Principle 10-Organizing around value explains how using this second operating system liberates the organization to set up shop in a way that maximises value delivery. This is achieved by three nested parts: Create technology portfolios for value streams in development.
A body of knowledge known as the framework provides structured direction on roles and responsibilities, how to organize and manage the work, and values to uphold.
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for a good product forecast it is necessary: group of answer choices to know the actual and potential market share of prior year (a) to understand the customer survey at the end of the year for each product in the segment (b) to understand the impact of the product new (adjusted) features and the 4p’s versus the segment competitors’ actions (c) (a) and (b) are sufficient (a), (b) and (c) are necessary
A solid forecast should give you enough time to get ready for future demand while still being reasonably accurate and reliable. A prediction that is accurate and useful to production should be easy to grasp. (c) (a) and (b) are sufficient.
A forecast is a concept that is frequently used in supply chain management. It is a forecast of the market's future demand for a certain product. Based on the projection, a supplier can order or manufacture the necessary raw materials to satisfy the anticipated future demand for the product. There are many ways to make a forecast, but there are two main categories of approaches. Occasionally, the forecast can be made with the use of statistics, for instance through the extrapolation of historical data or regressie-analysis. Other times, the forecast might be made using criteria, such as by using expert systems or in-depth research. Additionally, mengvormen are possible, such as collaborative forecasts (CPFR). A lot of extrapolation is used while making forecasts. A simple way is to calculate the average usage for a time period in the past, such as the last six months, and use that information as a forecast for the following six months. A correction can be made by recognizing when a factor is being used and minimizing its impact so that the projection can be adjusted to reflect the actual growth or just the trend. Seizoensinvloeden may also be applied through the use of cumulative indexes.
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In preparing a company's statement of cash flows using the indirect method, the following information is available: net income $ 52,000 accounts payable increased by 8,000 accounts receivable decreased by 17,000 inventories increased by 5,000 depreciation expense 30,000 net cash provided by operating activities was:.
Net income = $58000
add increase in account payable = $24000
add decrease in account receivable = $37000
add decrease in inventory = $11000
add depreciation expenses = $32000
All of these values gives,
58000 + 24000 + 37000 + 11000 + 32000 = $162,000
Therefore the net cash that is used in this operation is $162000.
While using the indirect method?Many accountants record a business's cash flow using the indirect technique as a format. With this approach, the net income is adjusted to reflect the true cash flow that business operations produce. The indirect technique divides cash flows into three categories: Cash flows from operating operations.
What makes it the indirect method?Because the cash flows are derived from the turnover rather than being used directly in the calculation, it is known as the indirect technique. The income and costs for a specific time period are categorised and summarised on the cash statement.
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According to the principle of monetary neutrality, a decrease in the money supply will not change.
In different words, according to cash neutrality, an increase (decrease) in the money provide will determine an enlarge (decrease) in the charge of goods and offerings sold
however no longer in the actual quantity of items and services sold, real GDP, or unemployment.
What is the precept of financial neutrality?The neutrality of money idea is based totally on the thinking that cash is a “neutral” element that has no actual impact on economic equilibrium. Printing extra money cannot exchange the crucial nature of the economy, even if it drives up demand and leads to an expand in the fees of goods, services, and wages.
What occurs when there is a decrease in the provide of money?The decrease in the cash grant motives spending to fall. We comprehend that diminished spending is the key to decreasing inflation. So the appropriate time to increase the money supply is when the economy is experiencing inflation.
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https://brainly.com/question/16245225#SPJ4Malcolm is the campaign manager for a congressional candidate. He wants to know how voters across his district feel about recent sexual harassment scandals involving politicians. Malcolm will most likely use __________ to gather this type of data.
A) observation
B) voter registration data
C) surveys
D) census data
E) experiments
Malcolm is the campaign manager for a congressional candidate. He wants to know how voters across his district feel about recent sexual harassment scandals involving politicians. Malcolm will most likely use (B) Surveys to gather this type of data.
Survey as research that uses a questionnaire as a research instrument. He further explained that a questionnaire is a sheet containing several questions with a standard structure. During the survey, the research conditions were not manipulated by the researcher.
Here are some of the benefits or uses of the survey:
To obtain facts from existing symptoms.Seeking factual information from a group, area, etc.Evaluate and compare things that have been done by other people in dealing with similar things.Conducted on a number of individuals / units either by census or by sample.The results are for planning and decision making.You can learn more about Survey here brainly.com/question/17373064
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Creating compelling visuals for presentations requires people to learn what new tools?.
With the help of the cloud-based presentation tool Visme, you can make engaging presentations that effectively convey your ideas to visitors.
What is important while presenting visuals?Visual aids must be well-made, brief, and clear. For data or visual presentation, use graphs and charts. Use visual aids to emphasize your points so the audience won't have to read and listen at the same time. One message per visual aid; for instance, a slide should only contain one important point.
What kind of presenting tools and visuals do you employ?Flip charts, overhead transparencies, slides, and movies are just a few examples of visuals used in communication. Although PowerPoint slide presentations are frequently the most popular, they are not always required.
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question 7 as a product owner hosting a sprint retrospective, you ask the team, "where did we notice success?" this question reflects which retrospective best practice?
As a product owner hosting a sprint retrospective, you ask the team, "where did we notice success?" This question reflects balance negative with positive retrospective best practice.
The sprint retrospective is a regular meeting when the positive and negative aspects of a sprint are discussed. Additionally, it provides a chance for sprint recovery and sprint preparation. You may improve the efficiency and success of each sprint by doing a retrospective after it.
What went well during the sprint, what did not go well, and what could be changed for greater productivity in the following sprint are the three key questions that are posed during the sprint retrospective. The scrum master facilitates these queries as well as the entirety of the sprint retrospective.
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When as a product owner hosting a sprint retrospective, you ask the team, "where did we notice success?" it reflects balance negative with positive retrospective best practice.
The sprint retrospective is a regular meeting when the positive and negative aspects of a sprint are discussed. Additionally, it provides a chance for sprint recovery and sprint preparation. You may improve the efficiency and success of each sprint by doing a retrospective after it. What went well during the sprint, what did not go well, and what could be changed for greater productivity in the following sprint are the three key questions that are posed during the sprint retrospective. The scrum master facilitates these queries as well as the entirety of the sprint retrospective.
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what is the last route marker managers should follow on the proven path to it enablement in order to help their company maximize their return on it investments?
Stay balanced over the long haul is the last route marker managers should follow on the proven path to it enablement in order to help their company maximize their return on IT investments.
IT investment, often known as information technology investment, refers to the spending of information technology resources to support management and mission fulfillment. This may comprise a project or projects for the creation, modernization, improvement, or upkeep of a single information technology asset or a collection of related IT assets, as well as the operation of such assets in a real-world setting. These investments must have a clearly defined life cycle with start and end dates. The end date must be consistent with the investment's most recent alternatives analysis, if applicable, and indicate the end of the investment's presently anticipated usable life.
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a firm's demand curve for labor is: group of answer choices the upward-sloping portion of its value of the marginal product curve. horizontal for the firm in perfect competition. the downward-sloping portion of its marginal product curve. the downward-sloping portion of its value of the marginal product curve.
a firm's demand curve for labor is the downward-sloping portion of its marginal product curve, option C
Demand curveIt is the graphical representation of the relationship between the price of a certain good or service and the level or amount of demand that consumers experience on it. This process analyzes the effect of prices in the market based on the law of demand, where the slope is negative.
This implies that the curve goes down, because there is an inverse relationship between price and demand: the higher the demand for a product, the lower the price.
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destination marketing is more challenging than marketing other products because a destination is a bundle of highly diverse products, including geographic size, attractions, accommodation, food and beverage, and entertainment. group of answer choices true false
destination marketing is more challenging than marketing other products because a destination is a bundle of highly diverse products, including geographic size, attractions, accommodation, food and beverage, and entertainment. This is True statement.
What difficulties does destination management face?
The main difficulties faced by tourism enterprises include also seasonality, media costs, and security risks. DMO is confronted with issues related to security, accessibility, and the past image. Compared to its enormous tourism potential, the resort is falling behind in marketing efforts.
What does "destination marketing" entail?
In the tourism industry, destination marketing is a marketing strategy that emphasizes a particular location and its advantages over the goods or services a business provides. This might be a nation, a town or city, or even a particular vacation spot or tourist destination.
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Which statement are true? (Select all that apply.) Check all that apply. a. The inventory costing methods determine the amount of the debit to Cost of Goods Sold and credit to Inventory. b. Specific identification, weighted average cost, LIFO and FIFO are generally accepted costing methods. c. The inventory method used must correspond with the actual physical flow of goods. d. The inventory methods apply to both perpetual and periodic inventory systems.
The credit to inventory and debit to cost of goods sold are calculated using LIFO and FIFO costing methodologies. Detailed identification and weighted average price.
What is the LIFO and FIFO methodology?First-In, First-Out ("FIFO") bases its calculations on the production costs of the oldest items in a company's inventory, which have typically been sold first. The "Last-In, First-Out" (LIFO) strategy relies on the idea that the most recent products in an organization's inventory have already been sold.
Is LIFO a reliable method for calculating inventory costs?Because LIFO may underestimate the value of inventory, it is not a reliable indicator of ending inventory value. Because COGS is higher with LIFO, net income (and taxes) are lower. Inflation-related inventory write-downs are less common under LIFO, though.
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The following graph shows the money market in a hypothetical economy. The central bank in this economy is called the Fed. Assume that the Fed fixes the quantity of money supplied.
Suppose the price level increases from 150 to 175
The change in the interest rate that you found previously will cause residential and business investment spending tofall , leading toa decrease in the quantity of output demanded in the economy
As a result, an economy's average interest rates will rise as the market price (i.e., inflation) rises.
How is an economy defined?An economy is a collection of interrelated production and consumption processes that ultimately decide how resources are distributed within a community. The demands of persons who live there and conduct business there are met by the creation and consumption of products and services as a whole.
Which are some instances of economy?The traditional economy, which uses a country's traditions and history to direct the distribution and production of goods, is a well-known illustration of an economy. The main pillars of traditional economies are farming, fishing, and hunting.
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advertisers who pay only for a visitor who has expressed an interest in their ads use which performance measure?
Answer:
Cost per click
Explanation:
They pay per click they get on their ad.