assume that a company uses a periodic inventory system and has these account balances: purchases $820,000, purchase returns and allowances $90,000, purchase discounts $110,000, and freight-in $108,000. determine net purchases and cost of goods purchased.

1. The computation of the predetermined overhead rate for each company is as follows:

                                                        Logan        Clayton

Predetermined overhead rate       $0.40          $0.80

2. The determination of the overhead cost applied to work in process for each company is as follows:

                                                        Logan        Clayton

Applied overhead cost               $80,000      $90,000

3. The computation of the overapplied or underapplied manufacturing overhead cost for each company is as follows:

                                                        Logan        Clayton

Overapplied overhead                  $7,500

Underapplied overhead                                 ($5,000)

The predetermined overhead rate is the result of the division of the estimated manufacturing overhead by the estimated total cost-driver units.

For instance, Logan Company's estimated manufacturing overhead is divided by the estimated direct labor cost (cost-driver).

                                                                      Logan         Clayton

Actual direct labor cost                            $200,000      $112,500

Estimated direct labor cost                         187,500        125,000

Actual manufacturing overhead cost          72,500         95,000

Estimated manufacturing overhead cost   75,000        100,000

Predetermined overhead rate                      $0.40            $0.80

                                               ($75,000/$187,500)     ($100,000/$125,000)

Applied overhead cost                            $80,000        $90,000

                                               ($200,000 x $0.40)     ($112,500 x $0.80)

Overapplied or underapplied overhead   $7,500       ($5,000)

Overapplied overhead = $7,500 ($80,000 - $75,000)

Underapplied overhead = -$5,000 ($90,000 - $95,000)

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Grocery Giant, a chain of regional grocery stores, uses FIFO for perishable goods but LIFO for paper goods. The Consistency principle is being followed as long as the company uses these methods from year to year for each inventory type.

This is further explained below.

Generally, A consistent theory is a hypothesis that does not result in a logical contradiction, according to the traditional, deductive form of logic. Either semantic or syntactic analysis may be used to provide a definition of the absence of contradiction.

In conclusion, First in, first out is a technique for arranging the manipulation of a data structure that is used in computing and systems theory.

This approach ensures that the entry with the longest wait time, often known as the "head" of the queue, gets processed first. FIFO is an abbreviation for "first in, first out."

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Grocery Giant, a chain of regional grocery stores, uses FIFO for perishable goods but LIFO for paper goods. The ________ principle is being followed as long as the company uses these methods from year to year for each inventory type.

The following event that will cause a reduction in equilibrium output is D. all of the above. The equilibrium output  can be defined as the point where planned aggregate expenditure is equal to national income (output).

Economic equilibrium can be defined as a condition or state in which economic forces are balanced. There are 3 types of equilibrium in economics, such as:

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Lenders can also use your credit score file statistics to determine whether or not you may get a mortgage and the terms you get for a mortgage (for example, the interest charge they may rate you).

Coverage agencies may additionally use the records to determine whether or not you can get coverage and to set the prices you may pay.

The number one motive of a credit evaluation within the eyes of creditors is to decide if the capability borrower is a superb credit threat; 2 have a look at a prospective borrower's credit score records, and three) reveal doubtlessly poor facts.

Alongside many different portions of records, potential creditors and creditors – together with credit card organizations, mortgage creditors and vehicle lenders – may additionally use your credit ratings and credit history to help make lending decisions. These companies need to understand how probable you are to pay the cash they lend lower back as agreed.

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Montag, according to Granger, is significant because he stands in for their "back-up copy" of the Book of Ecclesiastes. Finally, someone has confirmed Montag's interpretation. According to Granger, his gang is waiting for humanity to once again be ready for books before they can be of any help to the rest of the world.

Montag's rebirth into a more fulfilling existence is symbolized by Granger's sardonic reception of him after his death. The concept of metamorphosis or transformation has been hinted at since Bradbury uses butterfly imagery throughout the novel, notably to represent the "death" of burning books. The men are living conduits to the dead because they are able to recall every word from books they have read. They humorously introduce themselves to Montag using the names of authors who have passed away. These folks have several lives, identities, and chances for rebirth because to the remnants of the past that are preserved in literature.

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Answer: granger establishes montage importance to the group because he knows the book of ecclesiastes

Since Raquel need to provide her customers the menu items that they want and the quality service that they deserve, as well as option A: improve products and services at the same cost.

To remain competitive in marketplaces under rising volume and price pressure, the proper pricing strategy is crucial. It gives you the compensation you are due for the goods and services you provide and ensures the earnings you need to make investments in change and expansion.

Note that Consistently exceeding clients' expectations is what constitutes good customer service. Excellent customer service is prompt, simple, individualized, and sympathetic. Businesses that provide excellent customer service invest the time necessary to comprehend the needs of their specific clientele.

Therefore, How well a service meets a customer's expectations is a measure of service quality. Discover the meaning of service quality and its components, which include concrete elements, dependability, and others.

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See full question below

raquel is the new restaurant manager in a major hotel. when considering which changes would most likely increase the restaurant's value to customers, raquel should provide her customers the menu items that they want and the quality service that they deserve, as well as,

A. improve products and services at the same cost.

B. increase prices to increase revenue.

C. offset higher hotel rates with lower restaurant prices.

D. reduce customer expectations through reduced service.

E. lower the quality and the price.

A) $163,000.  is the ending balance of inventory.

$142,000 + $75,000 + $80,000 + $56,000 − $190,000 = $163,000;

Force or stock refers to the goods and accouterments that a business holds for the ultimate thing of resale, product or utilization. force operation is a discipline primarily about specifying the shape and placement of graded goods. Inventory refers to all the particulars, goods, wares, and accouterments held by a business for dealing in the request to earn a profit. For example, If a review seller uses a vehicle to deliver journals to the guests, only the review will be considered inventory.

The four types of force most generally used are Raw Accoutrements, Work-In-Process ( WIP), Finished Goods, and conservation, form, and Overhaul( MRO).

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If bandana company had net income ​ $ 650,000 loss on discontinued operations ​ ( $ 75,000​) unrealized gain on trading security $ 35,000 foreign currency translation gain $ 150,000. The amount that bandana should report as comprehensive income for the year ended December​ 31 is $740,000.

Given data:

Foreign currency translation gain = $ 150,000

Unrealized loss on trading security = ( $35,000 )

Net income = $ 650,000

Loss on discontinued operations = ( $75,000 )

Effective tax rate = 40 % or 0.40

Now let determine or find the comprehensive income amount that should be report at the end of the year.

Net income $650,000

Add Foreign currency translation gain $90,000

[ $150,000 × ( 100 % - 40 % ]

Total comprehensive income $740,000

Therefore the comprehensive income is the amount of $740,000.

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The complete question is :

bandana company had the following balances for net income and pretax gains and losses on december​ 31: net income ​ $650,000 loss on discontinued operations ​ ($75,000​) unrealized gain on trading security $35,000 foreign currency translation gain $150,000  the​ company's effective tax rate is​ 40%. what amount should bandana company report as comprehensive income for the year ended december​ 31?

brazil is one of the world’s lowest cost producers of ethanol and soybeans. japanese corporations have heavily invested in brazil to lease large tracts of land to grow soybeans for export to japan, where they are used to derive products such as soy sauce and chicken feed. these japanese companies are cutting costs by a. minimizing factor input costs

A type of legume native to East Asia, the soybean, soy bean, or soya bean (Glycine max) is widely cultivated for its edible bean, which has a variety of uses.

Soybeans are typically used to make non-fermented foods like tofu and tofu skin, as well as soy milk. Natt, tempeh, soy sauce, and fermented bean paste are examples of dishes made from soy. For many packaged meals and animal feeds, fat-free (defatted) soybean meal is an important and affordable source of protein. For instance, many meat and dairy alternatives use components derived from soybeans, such as textured vegetable protein (TVP).

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Interest revenue from accrued interest will show up on the income statement but not the statement of cash flows. It's accurate to say this.

The expense that has been incurred but not yet paid by an organization Interest revenue is called accrued interest expense. It will result in higher overall expenses on the income statement and lower net income. The statement of cash flow will not be impacted because there is no cash outflow.

An entity's cost for borrowing money is known as an interest expense. On the income statement, interest expense is listed as a non-operating Interest revenue expense. It represents interest that must be paid on all borrowings, including bonds, loans, convertible debt, and credit lines.

It is essentially determined by multiplying the debt's outstanding principal amount by the interest rate. Instead of the amount of income statement paid during that time, interest expenditure on the income statement shows interest accrued throughout the period covered by the financial statements. Despite the fact that interest costs are tax deductible for businesses, they Interest revenue may not be in the case of an individual, depending on their jurisdiction and the loan's intended use.

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The three exercises of a fruitful focusing on technique that permits you to achieve this are division, focusing on and situating, regularly alluded to as STP.

When choosing how do you position a item the primary step a advertiser would take is to?

Know your target group of onlookers well It is basic for the marketers to to begin with identify the target group of onlookers and after that get it their needs and inclinations. Each person has shifted interface, needs and inclinations. No two people can think on the same lines.

What is step 4 within the situating process?

Comparative Subjective Analysis: The fourth step within the situating prepare is to compare & investigations the information of competitors, subjective client inputs, external components etc. On comparison, the holes within the advertise can be understood.

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The amount printed on a label with the suggested retail price that is posted on a vehicle is called invoice price. Hence, option B is correct.

The invoice price is the upfront cost that the manufacturer charges the dealer. Due to incentives and rebates from the manufacturer, the price mentioned is frequently lower than the dealer's real cost. The invoice price includes the destination charge, sometimes known as freight.

The invoice price is typically cheaper than the MSRP. The cost must be covered by the vendor.

Thus, option B is correct.

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Assuming that the entire variable expenses are $37,500 and the total fixed expenses are $33,000, the contribution margin ratio is 0.75. Next, generate the contribution margin income statement.

Contribution margin: The contribution margin ratio is the amount which is derived from sales revenues after deducting the income statement variable expenses. This amount contributes toward covering fixed expenses and then toward profits for the period. The contribution margin ratio is computed in following manner:

Contribution Margin ratio=Contribution margin/salesx100.

Net income: Net income is the income after the deducting all the expenses from the gross income. It is also termed as net profit or net earning.

Computation of the contribution margin ratio:

Breakeven sales= Fixed expenses/Contribution margin ratio.

$44,000 = $33,000/Contribution margin ratio.

Contribution margin ratio =$33,000/$44,000

Contribution margin ratio =0.75.

Operating income  $ 79,500

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The complete question is

Dry Cleaners has determined the following about its​ costs: Total variable expenses are $37,500​, total fixed expenses are $$33,000, and the sales revenue needed to break even is $ 44 comma 000$44,000. Determine the​ company's current​ 1) sales revenue and​2) operating income. ​(​Hint:​ First, find the contribution margin​ratio; then prepare the contribution margin income​ statement.)

The contract does not include a price term. In a suit between the parties over the price, a court will Determine a reasonable price.

An agreement is a legally binding settlement between extra events. Once signed, this contractual settlement creates a promise that sure rights and responsibilities might be fulfilled by using every birthday celebration. In essence, a promise is at the heart of each settlement.

A properly drafted, written settlement presents facts, and readability, and protects parties' pursuits if troubles get up down the road. The specifics of what the agreement covers can be recognized (for example through a scope of services clause or schedule of products), and every celebration's duties and rights are expressly said.

A hit settlement is described as a contract that: gives you the most satisfactory possible services at the maximum affordable fee. Gives the means to control the scope of offerings. Manages your commercial enterprise's operational and financial risks.

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Simple hobby is a short and smooth approach of calculating the hobby rate on a loan.

The required details for Simple hobby in given paragraph

y=kx

I=kP​

The version has the shape y=kx.

Simple hobby is a short and smooth approach of calculating the hobby rate on a loan. Simple hobby is decided through multiplying the each day hobby price through the most important through the quantity of days that elapse among payments. To calculate easy hobby, multiply the most important quantity through the hobby price and the time. The system written out is "Simple Interest = Principal x Interest Rate x Time."

Simple hobby is a short and smooth approach of calculating the hobby rate on a loan. Simple hobby is decided through multiplying the each day hobby price through the most important through the quantity of days that elapse among payments.

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(The total cost of college — tuition, room and board, and including books —grants or scholarships for an eligible student) is a formula that will calculate your net price of attending a school.

Start with the list price, then include all applicable taxes and other mandatory fees to arrive at the net price. Then deduct any rebates, discounts, or negotiated pricing. The final price is the net price. The expression "net price" is also used to denote other phrases such the "actual price" and "negotiated price".

The attendance expenses that parents and students must cover out-of-pocket or with student loans are included in the net price of a college. The net price of a college is an estimation of the out-of-pocket costs that you and your family will incur for one academic year.

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Leaders who are dominant, self-confident, and able to communicate their vision to subordinates are charismatic leaders .

Charismatic leadership means  by a leader who uses his communication skills, persuasiveness, and charm to influenced others. Charismatic leaders, using  their ability to connect with people on a deep level, are actually  valuable within organizations which  are facing a crisis or are struggling to move forward.

Charismatic leadership  fit well in an environment where people need the presence of an individual capable of  changing the status of company . Charismatic leadership styles work nicely  during urgent organizational changes. They are also crucial  when organizations undergoes fundamental changes.

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Randy has to write more than 14 checks for South Trust Bank to be more feasible. [Break-even = 14 checks] or subtract monthly charges for each bank/fee for writing check for the account at South Trust

A bank account with a banking institution that permits demand and withdrawals is known as a checking account. Checking accounts, often referred to as demand accounts or transactional accounts, are relatively liquid and can be accessed in a variety of ways, including through cheques, automated teller machines (ATMs), and electronic debits.

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A manager periodically assesses her active managerial control program to see if it’s working. this is an example of Re-evaluation in active managerial control.

A preventative technique for managing food safety is called Active Managerial Control (AMC). Instead of responding when an inspector flags an uncontrolled risk factor, food service managers utilise AMC to reduce the risk of foodborne disease. Daily, the management assumes the role of the inspector. Employees and management are both accountable for reducing the risk factors for foodborne disease.

AMC programming ought to consist of:

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What has kept me from saving in the past is my overspending. Based on what I've learned, I can change this by not overspending, and saving what I have left over.

Monetary savings is the amount of cash left over after spending and distinctive duties are deducted from profits. economic savings constitute coins this is otherwise idle and no longer being placed at chance with investments or spent on consumption.

Saving is earnings not spent or deferred consumption. strategies of saving embody setting money apart in, for instance, a deposit account, a pension account, a funding fund, or coins. Saving also includes decreasing charges, which include ordinary expenses. There are specific varieties of monetary savings bills to select from, and they'll be no longer all alike. The options consist of traditional financial savings debts, high-yield financial savings payments, money market debts, certificates of deposit, coins management money owed, and robust point savings bills.

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This is not an example of intra-industry trade - Trading Oil for Trucks.

What is intra-industry trade?
The trading of comparable goods from the same industry is referred to as intra-industry trade. The phrase is typically used in reference to global trade, in which the same goods or services both are imported and exported. In Nigel Grimwade's opinion, "The framework of classical as well as neo-classical trade theory cannot provide an explanation. The latter foresees only trade and inter-industry specialisation". This is not the case, though. The Heckscher-Ohlin and David Ricardo models, which tried to describe the incidence of international trade, established this same traditional model of trade. Both models included a justification for international trade as well as the concept of comparative advantage.

Here, the term "intra industry trade" refers to the exchange of similar products within the same industry; the majority of these products are imported and exported.

Therefore, the correct option is (D) trading oil for trucks
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Ace electronics should record a liability of $100,000. Thus, option second is correct.

Liabilities are any obligations owed by the organization, such as borrowed funds, mortgages, unpaid payments, Promissory notes, or any other quantity of money owed to another person.

The obligation is must be recorded at the face amount when a note is signed. Because no interest was accumulated prior to the date of signing, the complete note value will be recognized as liability.

Therefore, it can be concluded that option second is correct.

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The best way to manage issues like full-cost pricing is through is private corporations

What is pricing?
Pricing, which can be a part of a company's marketing strategy, is the process by which a company determines the price at which it will sell its goods and services. When determining prices, the company will consider the cost of production, the market, the competition, the state of the market, the brand, and the quality of the product. One of the four Ps of marketing, along with product, promotion, and place, pricing is a key component of product management. The other three of the four Ps are cost centres; only price generates revenue. Other Ps of marketing will help to reduce price elasticity, on the other hand, allowing price increases to result in higher revenue and profits.

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Auditors focus more on testing the Effectiveness of a company's blockchain processes and technology than on verifying accuracy of its output.

    An authorized person who is charged with carrying out the following tasks is referred to as an auditor. Reviewing and analyzing blockchain operations or corporate financial records. Confirming the reliability of blockchain procedures or business financial records. Evaluating the output correctness of a blockchain. Evaluating the performance of blockchain technology and processes.

In essence, an auditor is more concerned with evaluating a company's blockchain operations and technology than with confirming the veracity of the outputs of the blockchain.

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The narrowest definition of money excludes currency in the vault at the bank. So the correct answer is option (c)  currency in the vault at the bank.

The narrowest definition of money excludes:

Money is a form of exchange used to buy and sell goods and services. In a nutshell, it is money that is typically issued by a government and commonly accepted as payment at face value. It comes in the form of coins and paper.

Contract—often used with down—to lessen the breadth or scope of. Limit—often used in conjunction with down—2: to narrow the range or sphere of, reducing the options available. Transitory Verb: contract—often used with down—to diminish in width or extent. Narrow.

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A shift in the supply curve for avocados can occur because a change in the price of fertilizer. A shift in supply curve can occur because a change in the cost of inputs changes how much a producer will supply at a given price.

Supply in economics generally can be described as the amount of a resource that firms, labourers, producers, providers of financial assets, or other economic agents are willing and able to provide to an individual and also the marketplace. In economics, the supply curve generally can be defined as a graphic representation of the correlation between the cost of a good or service and the quantity supplied for a given period. In the supply curve,  the quantity supplied will appear on the horizontal axis while the price will appear on the left vertical axis.

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Since one particular respondent, the superfan, is overrepresented, this situation describes a sampling bias.

A sampling bias can be defined as a type of bias in which members of an intended population are selected in such a way that some members either have a higher or lower sampling probability (chances) than the other members.

This ultimately implies that, a sampling bias would occur when members of an intended population are selected incorrectly and overrepresented, thereby, resulting in a sample that is not representative of the entire population.

In this context, we can reasonably infer and logically deduce that this situation (Meer-Kitty’s data) describes a sampling bias because it is not a correct representation of the population as a whole.

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In March 1933, Congress established the federal government as a direct employer of the unemployed through what was called the Civilian Conservation Corps.

The Civilian Conservation Corps was a volunteer government  work relief program that ran in the United States from 1933 to 1942 for unemployed, unmarried men ages 18-25, later expanding to ages 17-28. Following the death of Robert Fechner, James McEntee took over as director of this agency.

The Corps really wasn't able to plan financially with any certainty, living essentially hand to mouth all through existence. Conflicts and tussling among top officials became more common in the CCC's final years, symptoms occur of the slow collapse at the center.

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Ending inventory = (2,930 * $8) + ((4,100 - 2,930) * $7)

Ending inventory = $23,440 + (1,170 * $7)

Ending inventory = $23,440 + $8,190 = $31630 These are the following information provided by the accounting record.

Accounting records are every document that is used to do accounting, from creating financial statements to completing them so that they can be audited. Assets and liabilities, financial transactions, ledgers, journals, etc. are examples of these accounting records. Accounting records come in a variety of formats, such as transactions, general ledgers, trial balances, diaries, and financial statements. Ending inventory refers to the quantity of inventory a business has on hand at the conclusion of its fiscal year. It has a tight relationship to ending inventory cost, which is the sum of money used to purchase these items and stock them. Calculation should be based on the lower of cost or market.

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Don was briefly fired from his company due to low sales. He'll probably be brought back as an employee when things at the business become better is an example of  being Laid off

Don was briefly fired from his company due to low sales. He'll probably be brought back as an employee when things at the business become better. An illustration of existence is this.

Someone who is paid to work for a person or business is called an employee. Workers only need to be paid by an employer in order to be deemed employees; they do not need to work full-time (the person or business that pays them).

An example to use as a comparison.

   A visual aid that clarifies or accentuates a point is referred to as a diagram or picture.

   B: a concrete illustration or illustration that clarifies a point.

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