Almaden Hardware Store sells two product categories, tools and paint products. Information pertaining to its 2021 year-end inventory is as follows:
Inventory,by Product Category Quantity Per Unit Cost Net Realizable Value
Tools:
Hammers 120 $5.50 $6.00
Saws 250 10.50 9.50
Screwdrivers 350 2.50 3.10
Paint products:
1-gallon cans 550 6.50 5.50
Paint brushes 120 4.50 5.00
Required:
1. Determine the carrying value of inventory at year-end, assuming the lower of cost or net realizable value (LCNRV) rule is applied to (a) individual products, (b) product categories, and (c) total inventory.
2. Assuming inventory write-downs are common for Almaden, record any necessary year-end adjustment amount for each of the LCNRV applications in requirement 1.

Answer: Corporation

Explanation:

Paralegals are what you would call legal assistants. Even though they are not called to the bar, they posses legal knowledge that helps them give support to lawyers, corporations, and even Governmental agencies.

As shown from the definition, paralegals can work for various types of employers including lawyers, corporations, Government agencies and sometimes even courts if they freelance. In this scenario, Isabella works for a medical-device manufacturer and so Isabella's employer is a Corporation.

Answer:

leadership be a shared process

Explanation:

Leadership may be defined as when a person leads to a particular group or a community. Leader always motivate to people for the purpose so that they can achieve the goal in a particular period of time. On the other hand an organization have always leader so that high authority gives responsibility to a leader for achieving the goal with the help of directing their employees.

Therefore leadership should be a shared process as leader need to corporate their employees.

Answer:

a. True

Explanation:

Indeed, we could rightly say the statement is true by remembering the four key factors of production (business):

Labor is part of the list of important factors and political freedom allows the entrepreneur to sucessfully manage business activities.

Answer:

Collaboration.

Explanation:

Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.

The key principle of supply chain management can be best summed up as collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing, a wholesaler, and a retailer who typically sells the products to the customers or consumers.

Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.

Question Completion:

Options:

a. There must be at least two parties.

b. Each party is free to accept or reject the exchange offer.

c. Each party believes it is appropriate or desirable to deal with the other party.

d. Each party has something that might be of value to the other party.

Answer:

c. Each party believes it is appropriate or desirable to deal with the other party.

Explanation:

Criteria C is the criteria that will most directly relate to Deon's cancellation of the sponsorships.  Business deals and relationships cannot be established or allowed to subsist when it becomes inappropriate or undesirable to deal with the other party because of controversial activities.  This is more so when the activities involve political and social justice beliefs and differences.  Ordinarily, business partners should not allow such personal prejudices to becloud their relationships.  The best approach, therefore, is for business partners to keep their political and social justice beliefs personal and not make them public issues.

Answer: Yes and No

Explanation: Pros: You can own your own. Get to be the boss. Get a lot of money. Get to have fun.

Cons: You can have the lowest paycheck. Worst job for it.

Answer:

C. Productive

Explanation:

The distinguishing feature of economic capital (as opposed to financial capital, like money) is that it is productive. Thus, option 'C' is the correct option.

Economic capital is the sum of money employed by a company to safeguard itself against risk, its effects, and any losses brought on by unanticipated risk. It is a gauge of a company's solvency. Economic capital is thought of as a way for a company to protect itself against risks related to its operations, legislative changes, economic factors, and market volatility.

Economic capital determines a firm's operational and market risks. In many cases, the anticipated risk is transformed into capital, which provides a clear picture of a firm's solvency. Capital in finance is frequently described in monetary terms. Financial capital is made up of two parts: debt and equity. The debt-to-equity ratio indicates a company's financial health.

Learn more about economic capital, here:

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Answer:

c

Explanation:

Answer:

C.Job security

Explanation:

did the quiz edge 2020

Answer:

$8,171.37

Explanation:

first we must find the value of their account before they start receiving the distributions, (i.e. how much money they need to have in 20 years):

present value = annual payments x annuity factor

present value = $30,000 x 8.1109 = $234,327

now we need to calcualte the annual contribution in order to have $234,327 in 20 years:

future value = annual payment x annuity factor

annual payment = future value / annuity factor

annual payment = $234,327 / 29.778 = $8,171.37

Answer: $8,171.44

Explanation:

The present value of the income of 10 years now is the future value of the payments in 20 years.

The present value is therefore;

= 30,000 * Present value of annuity interest factor, 4%, 10 years

= 30,000 * 8.111

= $243,330‬

As  $243,330‬ is the future value of the payments in 20 years.

The payment is therefore;

243,330‬ = Payment * Future value of annuity interest factor, 4%, 20 years

243,330 = Payment * 29.7781

Payment = 243,330/29.7781

= $8,171.44

Answer:

b. It clarifies the problem, the process and the customer of the process prior to data collection

Explanation:

DMAIC is an acronym for various phases in carrying out projects and they are Define, Measure, Analyze, Improve, Control.

The Define phase is widely known as the primary phase of DMAIC which is characterized by the project agreement, customer demands and requirements, and process operation strategy.

Hence, the importance of the Define Phase in terms of its placement in the DMAIC method is that " it clarifies the problem, the process and the customer of the process prior to data collection"

Answer:

                                Journal Entry

Date     Account Title and Explanation       Debit     Credit

Oct 1     Rent expense                                  $6,000

                   Cash                                                           $6,000

             ( Being rent paid in cash)

Oct 3      Advertising expense                      $3,820

                     Cash                                                         $3,820

                (Being advertising expenses paid)

Oct 5      Supplies                                          $1,640

                     Cash                                                          $1,640

                (Being cash paid to suppliers)

Oct 6      Office equipment                           $25,100

                     Accounts Payable                                     $25,100

                (Being office equipment purchased on credit)

Oct 10     Cash                                                 $8,180

                      Account Receivable                                $8,180

                (Being amount received from customers)

Oct 15     Accounts Payable                           $2,400

                      Cash                                                          $2,400

                (Being amount paid to creditors)

Oct 27    Miscellaneous expense                    $1,040

                      Cash                                                          $1,040

                (Being miscellaneous expenses paid)

Oct 30    Utility expense                                   $380

                       Cash                                                         $380

                (Being expenses paid in cash)

Oct 31     Account Receivable                          $54,500

                        Fee earned                                               $54,500

                (Being fee earned and charge to customers)

Oct 31     Electricity expense                             $650

                        Cash                                                          $650

                (Being amount paid for electricity)

Oct 31     Michael short, Drawing                      $4,100

                        Cash                                                           $4,100

                (Being amount paid for Micheal short)

Answer:

A. True

Explanation:

Arbitrage is a term that describes an activity or operation of making transactions of any of securities, currency, or commodities in various markets. The main purpose is to derive benefits or gets profits from the varying prices of those commodities and assets when resold.

Hence, it is TRUE that Arbitrage is the purchase of assets or commodities on one market for immediate resale on another in order to profit form a price discrepancy.

Answer:

For most high-income countries of the world, GDP HAS INCREASED GRADUALLY over time.

Explanation:

Both GDP and GDP per capita has increased for almost all high income countries. Actually the only country in the world that was once rich and had a very high GDP and GDP per capita that turned into a developing country (AKA poor country) is Argentina. It is a unique case in all the world, since Argentina had the highest GDP per capita for 2 years (1895 and 1896) and continued to have a relatively high GDP per capita more than 60 years. Then political turmoil and corruption resulting in it falling from number one spot to number 73.

Answer:

Will Respond Similarly to marketing action

Explanation:

Market segmentation is the process by which customers are grouped based on shared characteristics, so that products can effectively be tailored to meet their needs.

Market segments therefore tend to have common needs and will respond in a similar way to market action.

Market segmentation is used by businesses to identify groups that will behave in a predictable manner to promotional efforts of the company.

This ensures accurate forecast of projected sales by the company.

Answer:

Following are the description of the given points:

Explanation:

Answer:

a. 4 years

b. 19 years

c. 19 years

d. 25 years

Explanation:

The number of years, n is calculated for each future value as follows :

a. $1,360

Pv = -  $1,000

Pmt = $ 0

P/y = 1

r = 8 %

Fv = $1,360

n = ?

Using a Financial Calculator, the number of years, n is 3.9953 or 4 years

b. $2,720

Pv = -  $1,000

Pmt = $ 0

P/y = 1

r = 8 %

Fv = $2,720

n = ?

Using a Financial Calculator, the number of years, n is 13.00 or 13 years

c. $4,316

Pv = -  $1,000

Pmt = $ 0

P/y = 1

r = 8 %

Fv = $4,316

n = ?

Using a Financial Calculator, the number of years, n is 19.00 or 19 years

d. $6,848

Pv = -  $1,000

Pmt = $ 0

P/y = 1

r = 8 %

Fv = $6,848

n = ?

Using a Financial Calculator, the number of years, n is 24.9991 or 25 years

Answer:

22,401,500 MXN exit from account

Explanation:

Given:

MXN at 22.4015

Amount = $1,000,000

MXN at short position

Find:

Flow of MXN

Computation:

MXN at short position so, flow is exit

MXN exit =  1,000,000 × 22.4015 )

22,401,500 MXN exit from account

Answer:

Cause-and-effect relationship  - Cost of goods sold

With the Cause and effect relationship, costs are linked to the revenue that they were incurred for to create. Cost of goods would therefore be linked to revenue.

Specific time period  - Monthly salary payments to an office employee

Costs are to be recognized in the same period of time they were incurred. The monthly salary is to be paid monthly because it is incurred monthly.

Without regard to related revenue in the period incurred - Advertising expenditures

The advertising costs will be incurred when spent and not when the benefits are accrued.

Answer:

D. None of the above

Explanation:

The historical cost principle refers to that principle in which the asset should be recorded at the purchased price

The periodicity assumption refers to a period in which the period is divided i.e. weeks, monthly, quarterly, semi annually, yearly, etc

And, the expense recognition principle refers to that principle in which the expenses should be recognized in that year in which they are incurred along with it, the revenues are also recognized in which they are earned

Hence, the correct option is D. none of the above

Answer:

The inefficiency is represented by any point that lies inside the curve.

Explanation:

In the case of the production possibility curve, the inefficiency is represented by any point that lies inside the curve. While the point on the curve shows the efficient combination or use and the point beyond or outside the curve exhibits that combination that cannot be achieved. Moreover, the point inside the PPF curve shows that the government or economy is not suing its resources efficiently and the efficient use of an economy can reach the optimal combination of production.

Answer:

B. Pupco has the right to fire Angelina after six months.

Explanation:

Angelina as the employee, can decide when to quit freely and Pupco as the employer cannot force her to keep working. Depending on specific clauses, Angelina might have to give a 1 or 2 weeks notice that she is quitting, but ultimately she can quit whenever she wants. The same does not apply to the employer, which cannot fire Angelina immediately or if she does, Pupco will have to pay her normal wages as if she had worked during a minimum amount of time. Laws generally protect the least powerful party and in a labor relationship, the employee is the least powerful party.

Answer: D. None of the statements is true.

Explanation:

When multiple residences are owned, tax laws indicate that itemized deductions for interest paid on mortgages are limited to the mortgages of 2 residences alone being the primary residence and any other residence that will be chosen as the second residence in the tax year.

As such, all the options are wrong as they would be limited to itemized deductions on mortgage interest for;

= $290,000 + $400,000

= $690,000 being the first 2 residences

Answer:

understand the labor market

Explanation:

To understand the labor market is to have vast knowledge in the following areas of labor market amongst others:

1. the availability of competent employees in the area of specialization that needs to be filled.

2. the average salary for each role

3. the average working hours

4. commonly preferred skills and certifications required.

Hence, In order to be strategic when participating in the recruiting process, HR professionals must: "understand the labor market"

Answer:

Income Statement

Sales Revenue                                 $ 18,160

Less Cost of Goods Sold                ($14,936)

Gross Profit                                        $3,224

Less Expenses :

Administrative costs       $ 1,440

Marketing costs               $ 600     ($2,040)

Net Income / (Loss)                           $ 1,184

Explanation:

Cost of Goods Sold Statement

Beginning  Finished goods inventory               $ 656

Add Cost of Goods Manufactured                $ 14,868

Less Ending Finished goods inventory           ($ 588)

Cost of Goods Sold                                         $14,936

Cost of Goods Manufactured

Direct Materials ($ 36 + $ 3,280 - $ 32)                           $3,284

Direct labor                                                                       $ 4,240

Factory and machine depreciation                                 $ 4,640

Factory supervision                                                            $ 840

Factory utilities                                                                   $ 360

Indirect factory labor                                                        $ 1,120

Indirect materials and supplies                                         $ 280

Property taxes on factory                                                    $ 112

Add Beginning Work-in-process inventory                        $ 48

Less Ending Work-in-process inventory                           ($ 56)

Cost of Goods Manufactured                                         $14,868

Answer:

$660 (credit balance)

Explanation:

the question is missing the numbers, so I looked for a similar one:

The journal entry to record warranty liability:

Dr Warranty expense 880

    Cr Warranty liability 880

the journal entry to record actual money spent repairing defective units:

Dr Warranty liability 220

    Cr Cash 220

the balance of the warranty liability account at the end of the month = $880 - $220 = $660

Answer:

The franc is expected to depreciate relative to the dollar, because it will take more francs to buy one dollar in the future than it does today.

Explanation:

Here it is mentioned that

Swiss Franc is quoted SF 1.10 in the spot market

SF 1.13 in 90 days forward market

Based on the above information

Here the franc approximate that it would be depreciation with respect to the dollar as it considered more francs to purchased in near future as compared with today

Therefore the same is to be considered

Answer is Apprentice.

Explanation: The definition of an apprentice is someone who provides help to a skilled worker in order to learn the trade himself. Justine is being trained by a skilled pianist. Thus, brings us to the conclusion that Justine is in the state of an apprentice.

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Answer:

Please calculations below

Explanation:

1. Direct material is a material cost that can be traced to production unit ; which consist of the below.

Speakers + Attachable keyboard

5,400 + 20,600

= $26,000

2. Direct labor is a cost identified with wages paid to labourers who manufactures products. It is made up of the below.

Assembly worker wages $28,000

3. Manufacturing overhead refers to costs that are not direct in nature but are incurred for the production of goods and services.

Hourly wages for factory security guard + Factory supervisory salary

= 2,400 + 3,750

= $6,150

4. Total manufacturing cost refers to all costs incurred during production f goods and services.

Hourly wages for factory security guard + Attachable keyboards + assembly worker wages + speakers + factory supervisor salary

= 2,400 + 20,600 + 28,000 + 5,400 + 6,150

= $62,550

5 Total period cost are costs not traced or identified with the whole production flow.

Advertising cost for monthly television add + insurance for delivery truck + factory supervisor salary + marketing manager's salary + CEO's salary

= 6,600 + 660 + 3,750 + 3,450 + 7,800

= $22,260

6.Total variable cost refers to costs that vary with the level of output.

It consist of the items below.

Attachable keyboards + assembly worker wages + miscellaneous soldering material used to seal case + hourly wages for factory security guard + speakers

= 20,600 + 28,000 + 1,250 + 2,400 + 5,400

= $57,650

7.Total fixed cost refers to costs that do vary with output level. It is made up of the items below.

Advertising cost + insurance for delivery cost + factory supervisor salary + marketing manager's salary + CEO salary

= 6,600 + 660 + 3,750 + 3,450 + 7,800

=$22,260

Answer and Explanation:

The assumption of risk doctrine in law is the idea that a person who would normally compensate a victim for damages such as accident injuries would not under this doctrine since it is of the view that risk of loss in the case of injury in sports will not be compensated for by the person who caused such injury.

From the question, this would make people who participate in the sports which has assumption of risk doctrine suffer because there would be no compensation to any victims of injury by the person who caused the injury