1. Which type of inventory has seen the greatest growth in sales prices over the current year? 2. Which type of inventory has seen the greatest decline in sales prices over the current year? 3. Based on the trend lines provided, for which inventory items does management project to sell below its average unit cost in the following year (Hint: Compare projected sales prices to the bar chart showing average unit cost)? 4. Prepare the year-end adjusting entry to record inventory using the lower of cost or net realizable value method (Hint: Be sure to account for the number of units of ending inventory in your calculation).
Answers
The type of inventory that has seen the greatest growth in sales prices over the current year is the tables inventory.
The type of inventory that has seen the greatest decline in sales prices over the current year is sofas inventory.
The inventory item that the management projects to sell below its average unit cost in the following year is the sofas inventory.
The year-end adjusting entry to record inventory will be $23595.
Inventory: Dressers
Projected sales price $870
Average unit cost $810
Inventory: Chairs
Projected sales price $658
Average unit cost $320
Inventory: Sofas
Projected sales price $1177
Average unit cost $1540
Inventory: Tables
Projected sales price $2676
Average unit cost $1670
From the information above, we can see that the average unit cost for sofas is more than the projected sales price. Therefore, the inventory item that the management projects to sell below its average unit cost in the following year is the sofas inventory.
The year-end adjusting entry to record inventory will be:
Debit Cost of goods sold ($1540 - $1177) × 65 = $23595
Credit Inventory-Sofas = $23595
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Related Questions
Devonshire, Incorporated sold merchandise inventory on account at a price of $12,000 with payment terms of 2/10, n/30. The merchandise cost Devonshire $7,000. If the customer paid for the merchandise 5 days after receiving the invoice, how much cash was collected by Devonshire
Answers
Answer:
7000
Explanation:
:)
On January 1, 20X1, Como Company purchased 45% of the outstanding common shares of the Lite Company for $200,000. The net assets of Lite Company totaled $400,000. The inventory had a book value of $100,000 and a fair value of $120,000. Excess cost attributable to inventory is written off in 20X1. During 20X1, Lite Company earned $200,000 and declared a dividend of $40,000 for the year. The carrying value of the Lite investment at the end of 20X1 is:
Answers
The carrying value of Como Company's investment in Lite Company at the end of December 31, 20X1 is $272,000.
Data and Calculations:
Investments in Lite Company = $200,000
Percentage of shareholding = 45%
Net assets of Lite Company on January 1, 20X1 = $400,000
Lite Company's earnings for 20X1 = $200,000
Dividend declared by Lite Company = $40,000
Share from Earnings in Lite = $72,000 ($200,000 + 45% of( $200,000 - $40,000)
Value of investment at the end of 20X1 = $272,000 ($200,000 + $72,000)
Thus, the investment in Lite Company at the end of 20X1 has a carrying value of $272,000.
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A7X Corp. just paid a dividend of $2.20 per share. The dividends are expected to grow at 25 percent for the next eight years and then level off to a growth rate of 6 percent indefinitely. If the required return is 14 percent, what is the price of the stock today?
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Bài 1. Lập luận sau đúng hay sai giải thích: I. Nếu tốc độ tăng trưởng GDP bằng với tốc độ tăng của mức giá chung(%P) thì nền kinh tế tối ưu.
2. Một nền kinh tế đạt được trạng thái toán dụng lao động nghĩa là tỷ lệ Thất nghiệpgiảm xuống bằng không.
3. Chỉ số khử lạm phát (GDP deflator) là chỉ số được tính dựa vào giỏ hàng năm gốc,còn CPI là chỉ số dựa vào giỏ hàng năm hiện hành.
4. Trong ngắn hạn, Đường cong Phillips mô tả rằng Lạm phát và Thất nghiệp luôn có
sự đánh đổi trong ngắn hạn.
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Answer:
......................
What is considered best practice when matching customer receipts and vendor bills within the bank feeds in QuickBooks Online?
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Answer:
Finish the workflow for receiving payments and making bill payments
Late in December, the next generation of multiuse (MU II) watches
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Answer:
(are equipped with a global.)
I thinks thats right im not 100% sure tho
What does it mean when earned value is above planned value?
Answers
Answer:
More work has been completed than planned, and the task or project is ahead of schedule.
g Amy and Jack were loyal customers of GreenFoods, a local grocery store. However, after a couple of incidents where they had to return products that were stale and out of date, the couple decided to try out VeggiesNmore, a chain store that recently opened in town. Both Amy and Jack must move through each stage in the marketing funnel before becoming loyal customers. Jack has shopped at VeggiesNmore. He was happy with the experience and thought that this could be an alternative to GreenFoods. However, he is also eager to try out other stores in the neighborhood. He is in the ________ stage of the marketing funnel as far as shopping at VeggiesNmore is concerned.
Answers
Based on the description given, Jack is in the nonrejecter stage of the marketing funnel.
The marketing funnel is used to describe the transition of customers towards becoming loyal to a brand. I’it keeps track of a customer's journey from getting to know a brand up till subsequent patronage of the brand.
The nonrejecter stage, marks the early stage of the marketing funnel, majorly after the first few purchases are made.
As for Jack, due to his disappointment which GreenFood's services and desire to try another brand. The fact that his first purchase was better at VeggiesNmore makes him contented and satisfied.
Therefore, Jack is in the Nonrejecter stage of the marketing funnel.
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Which of the following is a limitation of the planning process at Wirecard? Check all that apply.
a.Goals and plans can derail innovation and creativity.
b.Goals can make managers think they know what the future will be like, even when they don’t.
c.Goals and plans make employees more committed to their work.
d.Goals and plans help employees understand what behaviors are needed at work.
Answers
Answer:
Answer is Goals can make managers think they know what the future will be like, even when they don't.
Explanation:
That is the only one
limitation of the planning process at Wirecard is that b.Goals can make managers think they know what the future holds.
What is a goal?A goal can be regarded as an objective or target that is been set by individuals so that he or she can achieve it at a period of time.
Therefore, during, planning process it is essential to have goals so as to have glance about the future
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An investor invests 70% of her wealth in a risky asset with an expected rate of return of 15% and a variance of 5%, and she puts 30% in a Treasury bill that pays 5%. Her portfolio's expected rate of return and standard deviation are __________ and __________ respectively. Multiple Choice 10.00%; 35.65% 12.00%; 15.65% 10.00%; 6.75% 12.00%; 22.40%
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Answer: hope this helps
An investor invests 70% of her wealth in a risky asset with an expected rate of return of 15% and a variance of 5%, and she puts 30% in a Treasury bill that pays 5%. Her portfolio's expected rate of return and standard deviation are __________ and __________ respectively.
E(r) = .7(.15) + .3(.05) = .12
standard Dev rp=.70(.05)^.5= 15.7%
Explanation:
Which two are segments in a marketing plan?
Answers
Answer:
Concentration strategy and multi- segment strategy.
Explanation:
May 13, 2013 Mayor Larry Zhou City Hall 3495 Galvin Boulevard Blend, OR 98675 Dear Mayor Zhou: Your hard work during your last three years in office has made a difference. The downtown beautification project is a colorful success. The addition of potted plants, flower beds, and window boxes makes our city a lovely place to be. Thank you for playing a key role in creating a pleasant destination for downtown shoppers and visitors. Receiving an invitation to your downtown business luncheon next month was a privilege. Although I must decline your invitation, it is for a reason I am sure you can appreciate. WhichBrew is preparing to open a small chain of bakeries called WhatDough. The grand opening of our first WhatDough bakery is on the same day as your business luncheon. Since I would love to have the opportunity to visit with you, may I invite you to cut the ribbon at the grand opening of our second WhatDough location
Answers
Answer:
c
Explanation:
Ngành quản trị kinh doanh chỉ cần thiết cho lĩnh vực kinh doanh
Answers
Answer:
No
Explanation:
It applies in almost all working environment that you may think of.
How can manage my budget?
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Answer:
Hope my answer helps you :)
if helps mark me brianliest okay
have a nice day （⌒▽⌒）
Explanation:
How to budget money
Calculate your monthly income, pick a budgeting method and monitor your progress.Try the 50/30/20 rule as a simple budgeting framework.Allow up to 50% of your income for needs.Leave 30% of your income for wants.Commit 20% of your income to savings and debt repayment.ABC Company ended Year 1 with the following account balances: Cash $600, Common Stock $400, and Retained Earnings $200. The following transactions occurred during Year 2: Issued common stock for $19,000 cash. ABC borrowed an additional $11,000 from Chris Bank. ABC earned $9,000 of revenue on account. ABC incurred $4,000 of operating expenses on account. Cash collections of accounts receivables were $6,000. ABC provided additional services to customers for $1,000 cash. ABC purchased land for $14,000. ABC used $3,000 in cash to make a partial payment on its accounts payable. ABC declared and paid a $200 dividend to the stockholders On December 31 ABC had accrued salaries of $4,000. What is the amount of net income (loss) reported on the December 31, Year 2 income statement
Answers
If ABC declared and paid a $200 dividend to the stockholders On December 31 ABC had accrued salaries of $4,000. The amount of net income (loss) reported on the December 31, Year 2 income statement is $2,000.
First step is to calculate the revenue
Revenue = Earned revenue on account + Provided services for cash
Revenue =$9,000+$1,000
Revenue = $10,000
Second step is to calculate the expenses
Expenses =Operating expenses + Accrued salaries
Expenses=$4,000+$4,000
Expenses= $8,000
Third step is to calculate the Net income
Net income = Revenue − Expenses
Net income=$10,000- $8,000
Net income=$2,000
Inconclusion if ABC declared and paid a $200 dividend to the stockholders On December 31 ABC had accrued salaries of $4,000. The amount of net income (loss) reported on the December 31, Year 2 income statement is $2,000.
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Your job pays you only once a year for all the work you did over the previous 12 months. Today, December 31, you just received your salary of $68,000 and you plan to spend all of it. However, you want to start saving for retirement beginning next year. You have decided that one year from today you will begin depositing 10 percent of your annual salary in an account that will earn 10.8 percent per year. Your salary will increase at 2 percent per year throughout your career. How much money will you have on the date of your retirement 35 years from today
Answers
Answer:
g
Explanation:
11. What is the difference between nationalization and privatization?
complete answer
Answers
Privatization means transferring something into private sector, while nationalization means moving it under control of government (or, euphemistically, into public sector). They are opposites.
Privatization is usually done as voluntary trade, where interested private investors can purchase the privatized good from the government. However, nationalization is often forceful, and private businesses are simply robbed of their property by a government decree.
It’s also worth noting that privatization means the government offers something for sale to the citizens, despite the fact that the same citizens have already paid for those goods in their taxes. Examples of just privatization, where citizens receive their shares for free, are very, very unusual.
Four fundamental factors affect the cost of money:
1. The return that borrowers expect to earn on their investments
2. The preference of savers to spend their income in the current period rather than delay their consumption until some future period.
3. The risks associated with the investment
4. Expected inflation
Consider the following statements that address these factors, and indicate if you think each statement is true or false.
a. On average and everything else held constant, consumers prefer deferred consumption spending to immediate spending. On average and everything else held constant, an investment that can provide a 4% return should attract more investment capital from savers/investors than an otherwise identical investment that can generate a 12% return.
b. An investment that can provide a 10% return should attract more investment capital than an otherwise identical investment that can only provide a 6% return.
c. On average and everything else held constant, 30-year U.S. Treasury bonds should expect to exhibit a smaller maturity premium than a 1-year U.S. Treasury bill.
d. All things being equal, savers and investors expect to receive some amount of maturity premium as compensation for their deferred consumption.
Answers
Given the four fundamental factors that affect the cost of money, only options b and d are correct.
Statement b is true:
When people invest their money, they are foregoing consumption in that current period that they are in.
They expect their invested capital to yield them interests as compensation for not spending the money earlier.
Statement d is true:
When people invest, what they look out for are risks and most importantly the returns that they would get from investing their capital.
A 10% investment return is greater than a 6% return. Because this return is higher, it would therefore attract more capital investment.
Options a and c are false.
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Assume the risk free rate equals Rf = 4%, and the return on the market portfolio has expectation E [RM] = 12% and standard deviation σM = 15%. (a) What is the equilibrium risk premium (that is, the excess return on the market portfolio)? (b) If a certain stock has a realized return of 14%, what can we say about the beta of this stock? (c) If a certain stock has an expected return of 14%, what can we say about the beta of this stock?
Answers
The equilibrium risk premium is the excess of the return of the market portfolio less the risk free rate.
Risk premium = Return of the market portfolio - risk free rate
12% - 4% = 8%.
According to the capital asset pricing model, the return of an asset can be determined using this formula:
Expected return = risk free asset + (beta x risk premium)
If the realized return is 14%, the value of beta can be determined from the above formula.
14% = 4% + (beta x 8%)
Beta = (14% - 4%) / 8% = 1.25.
Beta is a measure of the risk of an asset. The beta of the market is 1. Ig the beta of a stock is greater than 1, it means that the stock has a greater measure of risk compared to the market. If the beta of a stock is less than 1, it means that the stock is less risky when compared with the market.
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how do I spell sword
Answers
Answer:
s w o r d
Explanation:
I'm pretty aware you just spelled it, lol
the underlined word is spelling of sword
How to save money in low income
Answers
Answer:
First things first, you need to know how much money you have and what regular fixed expenses you have. Setting up a budget can help. When you don’t have a lot of money coming in, it’s important to check your bank statements regularly and budget accordingly so you have enough to cover your basic needs, like rent and utilities.
If you’re not sure how to set up a budget, try Suncorp’s Budget Planner. It’s free to use and calculates the difference between your income and expenses when you input your information. A little knowledge can go a long way, especially if you’re new to budgeting. In some cases, you might be entitled to financial support from government agencies if you have a low income. Centrelink offers a low income Health Care Card which, if you’re entitled to it, offers discounted services for public transport and medication.
The Department of Human Services has information on income support, so it can be a good idea to do your own research to find out what you’re entitled to ahead of time. Saving money on things like food and entertainment is possible (even on a low income). You could try buying basic food items (think dried fruit, coffee or tea) in bulk, or look for the generic brand instead of the more expensive named options.
Get creative when it comes to entertainment options too. Keep an eye out for free activities in your local area, such as outdoor concerts. You can also pay a visit to your local library, where you can borrow books, DVDs and other resources for free! Paying attention to how you spend your money will help you avoid the temptations of impulse purchases as well.
chi phí cơ hội của viẹc học đại học
Answers
Savings accounts can be considered safe because they are _____.
Savings accounts can be considered safe because they are _____.
Answers
Rembrandt Paint Company had the following income statement items for the year ended December 31, 2021 ($ in thousands):
Sales revenue $29,000 Cost of goods sold $16,000
Interest revenue 320 Selling and administrative expense 3,600
Interest expense 520 Restructuring costs 1,900
In addition, during the year the company completed the disposal of its plastics business and incurred a loss from operations of $2.7 million and a gain on disposal of the componentâs assets of $4.2 million. 600,000 shares of common stock were outstanding throughout 2021. Income tax expense has not yet been recorded. The income tax rate is 25% on all items of income (loss).
Required:
Prepare a multiple-step income statement for 2021, including EPS disclosures.
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Jolie Company owns equipment with a cost of $342,500 and accumulated depreciation of $222,625.
Required:
Prepare the journal entry to record the disposal of the equipment on April 9.
Answers
The required journal entries in the books of Jolie Company to record the disposal of the equipment are as follows:
Journal Entries:
Debit Sale of Equipment $342,500
Credit Equipment $342,500
To transfer Equipment to Sale of Equipment account.Debit Accumulated Depreciation $222,625
Credit Sale of Equipment $222,625
To transfer Accumulated Depreciation to Sale of Equipment account.Data Analysis:
Sale of Equipment $342,500 Equipment $342,500
Accumulated Depreciation $222,625 Sale of Equipment $222,625
If the disposal or sale is for cash, the Cash Account is debited while the Sale of Equipment is credited. From the Sale of Equipment account, the profit or loss from disposal will be determined.
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Which transaction caused John to overdraw his account?
The Online Bill Payment for $146.67
Check No. 409 for $100
Check No. 410 for $710.49
The Overdraft Fee of $35
Answers
Answer:
Check No. 410 for $710.49 caused John's to overdraw his account.
Explanation:
This is when the balance became negative.
By looking at the financial statements given above for the account of John, it can be concluded that the check no. 410 for $710.49 caused John to overdraw money from his account. Therefore, the option C holds true.
What is the significance of overdraw account?An overdraw from an account can be referred to or considered as a transaction in which the account holder is able to withdraw an amount of more than the actual balance in his account. After an overdraw transaction, the balance of the account is negative.
In the account statement given above, one can easily take a guess that after the drawing of Check No. 410 for an amount of $710.49, the balance in the account became negative for the first time, thereby indicating an overdraw transaction.
Therefore, the option C holds true and states regarding the significance of overdraw account.
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How does the automatic mechanism move the economy to potential real gross domestic product (GDP) in the long run when current real GDP is above potential GDP?
Answers
Answer:
bdhrjdkskfnfnbxjfkznx
Explanation:
msnfnxncjcbxnchjdnx be n
bsjrngkfmgnmgfmgm hum kkkmdnxnxmd
jdjfjfngjdmakngnfmslsjfngjfksmakwkkrnckdmrkkrndnrjfnrjfnkskakwlqknfnfbbfbc sndndnskfndnncc cbndjdjdjtmgjdjtkdnsbfmvmmfnskkakdmncncbbgnfncnnfncnfnxndndnfbsnnnfnfnfnfnncsmmslmNbfng nxjndnfjrjfjjcjtiskdkhdjfnf kdjfjfnfndnkdjfndjdjnankxn jdjfncnms
The automatic mechanism moves the economy to potential real gross domestic product The aggregate supply curve over the short run shifts to the left as nominal wages decline.
What is the product?The object being sold is referred to as a product. A service or an object both qualify as products. It could take on a physical, virtual, or cyber form. Every product has a cost associated with it, and each one has a price. The market, the quality, the marketing, and the group that is being targeted all affect the price that can be charged.
With an automatic adjustment mechanism, the system would change by default by either raising taxes, cutting benefits, or both; therefore, the legislation would be required to stop that change.
Therefore, The automatic mechanism moves the economy to potential real gross domestic product
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( )는 기업이 자본이 아닌 인재를 확보하는 것이 전략적 우위 및 경쟁력 확보에 큰 영향을 미친다는 것을 의미하는 것으로써 인적자원관리의 중요한 본질이다.
Answers
Answer:
It is an important essence of human resource management, which means that the company has a great impact on strategic advantage and competitiveness to secure a non-capitalized personality.
Explanation:
thats what that means its Korean
Raju started business with bank balance of Rs 60,000 and stock of goods Rs 20,000.
Answers
Answer:
60k-20k=? 40k
Explanation:
PLEASE MARK ME AS BRAINLIEST
Given Principal: $10,000, 8%, 240 days
Partial payments: On 100th day, $4,000
On 180th day, $2,000
Required:
a. Use the U.S. Rule to solve for total interest cost. (Use 360 days a year.
b. Use the U.S. Rule to solve for principal balances.
c. Use the U.S. Rule to solve for final payment.
Answers
a. Using the U.S. Rule the total interest cost is $390.6072.
b. Using the U.S. Rule the principal balances is $6,222.22; $4,332.84.
c. Using the U.S. Rule the final payment is $3,309.61.
First step
Interest for 100 days =$10,000 × 8%× 100/360 =$222.22
Total amount outstanding =$10,000 + 222.22 =$10,222.22
Second step
Payment made on 100th day =$4,000
Balance outstanding =$10,222.22 - $4,000 = $6,222.22
Third step
Interest for 80 days = $6,222.22 ×8%×80/360 =$110.6172
Total amount outstanding =$6,222.22 +$110.6172 =$6,332.84
Fourth step
Payment made on 180th day =$2,000
Total amount outstanding =$6,332.84 -$2,000 =$4,332.84
Fifth step
Interest for 60 days =$4,332.84 ×8%× 60/360 =$57.77
Final balance outstanding =$4,332.84+ $57.77 =$3,309.61
Hence:
a. Total interest cost:
Total interest cost =$222.22 +$110.6172+$57.77
Total interest cost=$390.6072
b. Principal balances:
Balance after the payment:
on 100th day = $6,222.22
on 180th day =$4,332.84
c. Final payment:
Final payment = $3,309.61
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