It is a false statement that the title must pass at the time the agreement is made for an agreement to be a sale because in a sales contract, the title passes to the buyer at the time and the place the seller performs by delivering the good.
What is known as Contract of sales?In law, a contract of sale refers to the agreement between a seller and a buyer. Here, the seller will agrees to deliver or sell something to a buyer for a set price that the buyer has agreed to pay. With this, such transfer of ownership happens when the buyer pays and the seller delivers.
However, this contract does changes in situations where the seller cannot yet deliver the item that is sold, it also happens when the buyer cannot yet pay the full price. But both the parties can still agree on transferring the ownership to the person buying in these situations mostly, as long as such seller is ready to deliver what is being sold.
Full question "For an agreement to be a sale, title must pass at the time the agreement is made. True/False".
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a regular is a system where you can exchange goods for other goods. you submit your goods and you receive trade credit that you can use to buy other goods
To trade products for other goods is the definition of a typical barter exchange system. A good exchange is one that involves bartering. Previously, when there was no exchange of money, it was done.
A barter exchange is a business that acts as both a bank and a third party, coordinating the value of each member's account and the value of barter transactions amongst the organization's members. Every trade participant of a barter exchange receives a monthly accounting as well as year-end tax reporting of their barter transactions.
The majority of barter exchanges are local or regional, and many of them offer online catalogs of goods and services. Your trade Trade Account is debited when you make purchases from other exchange members, and credited when you make sales to other members.
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The complete question is
Today, a regular _____________ is a system where you can exchange goods for other goods. You submit your goods and you receive trade credit that you can use to buy other goods.
a. world market
b. barter exchange
c. world trade center
d. trading post
at the beginning of the year, freye incorporated reports inventory of $6,400. during the year, the company purchases additional inventory for $21,400. at the end of the year, the cost of inventory remaining is $8,400. calculate cost of goods sold for the year.
If at the beginning of the year, freye incorporated reports inventory of $6,400. during the year, the company purchases additional inventory for $21,400. at the end of the year, the cost of inventory remaining is $8,400. The cost of goods sold for the year is: $19,400.
Cost of goods soldFirst step is to calculate the cost of goods sold available for sale
Cost of goods sold available for sale = Additional inventory + Beginning inventory
Cost of goods sold available for sale = $21,400 + $6,400
cost of goods sold available for sale = $27,800
Using this formula to find or determine the cost of goods sold
Cost of goods sold = cost of goods sold available for sale - Cost of inventory remaining
Let plug in the formula
Cost of goods sold = $27,800 - $8,400
Cost of goods sold = $19,400
Therefore we can conclude that the cost of goods sold is the amount of $19,400.
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What type of communication provides powerful analytics that allow entrepreneurs to determine the effectiveness of their communication efforts?
O A. Interior communication
О в.
OC.
Nonverbal communication
Social media communication
D. Creativity communication
An appropriate choice is option (c). Business owners can use social media communication's robust analytics to assess the success of their communication efforts.
Social media communications are what?A communication method based on the internet is social media. Users can converse, share knowledge, and publish content online via social media platforms. Social media describes how individuals interact with one another through the creation, sharing, and/or exchange of knowledge and ideas in online groups and networks.
What constitutes effective corporate communication?Interaction between people is facilitated via communication. Entrepreneurs continually aim to enhance their communication skills because doing so will help them share and express their ideas clearly, as well as interact with their team, clients, and coworkers in a better way.
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irrational decision making in markets results in: externalities. evidence that the rational rules do not lead to their claimed outcomes. some supply decisions not matching marginal costs, and some demand decisions not reflecting marginal benefits. consistent overproduction.
An irrational decision making in market result in supply decisions not matching marginal costs, and some demand decisions not reflecting marginal benefits.
The marginal cost is the trade in total production cost that comes from making or generating one additional unit. To calculate marginal fee, divide the exchange in manufacturing charges by the trade in amount.
The amount of marginal cost varies according to the quantity of the good being produced. economic elements that impact the marginal value consist of facts asymmetries, advantageous and negative externalities, transaction costs, and charge discrimination. Marginal cost is not associated with fixed expenses.
Marginal cost refers back to the increase or lower within the price of manufacturing one more unit or serving one more patron. it is also called incremental fee.
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if authorities believe that the natural rate of unemployment is lower than it actually is and pursue fiscal policies to move economic output to what they believe full employment to be, then which of the following is most likely to occur in the long run? a. an increase in the unemployment rate. b. a recession. c. an increase in the inflation rate. d. a depression.
A rate of unemployment that is lower than the natural rate suggests that the economy is expanding at a rate that is faster than the maximum rate that is sustainable. This puts more pressure on wages and prices in general, which leads to more inflation.
Is there a difference between the actual unemployment rate and the natural rate of unemployment during a recession?
natural unemployment rate is the rate of unemployed people in an economy when there is full employment; The current unemployment rate is higher than the natural rate when an economy is in a recession. The current unemployment rate is lower than the natural rate during expansions.
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A rate of unemployment that is lower than the natural rate suggests that the economy is expanding at a rate that is faster than the maximum rate that is sustainable. This puts more pressure on wages and prices in general, which leads to more inflation.
Is there a difference between the actual unemployment rate and the natural rate of unemployment during a recession?
natural unemployment rate is the rate of unemployed people in an economy when there is full employment; The current unemployment rate is higher than the natural rate when an economy is in a recession. The current unemployment rate is lower than the natural rate during expansions.
If the actual rate is higher than the natural rate, the economy is in a slump, which is more technically known as a recession. On the other hand, if the actual rate is lower than the natural rate, inflation is expected to happen right away because it is thought that the economy is overheating.
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dan spent $200 on a new computer monitor that he purchased from a local store. the local store had bought it from an area wholesaler for $150. the area wholesaler had bought it from the manufacturer for $85. the manufacturer bought raw materials that cost $10 to produce the monitor. for the raw‑materials provider, the $10 was pure profit. this monitor also had cost the manufacturer $65 in wages, the area wholesaler $20 in wages, and the local store $15 in wages.
By adding up each dollar spent on final items, Dan changes the GDP by spending $200 on a new computer display. A $200 change in GDP results.
A change in GDP is calculated by totaling all dollars of output produced and identifying the value contributed at each stage.
Local retailer added $50 in value ($200 - $150).
$150 minus $85 is equal to $65, which is the value added by the wholesaler.
Value added by the manufacturer is $75 ($85 - $10).
$10 minus $0 is the value the raw material supplier added.
GDP equals the sum of all value added.
GDP change is $50 plus $65, $75, and $10.
$200 is the change in GDP.
change in GDP calculated by summing together all income.
GDP change equals the difference between wages and profits earned by employees.
Costs minus value added by the manufacturer equals manufacturer profits.
$75 - $65 is the manufacturer's profit.
Manufacturer gains equal $10.
Wholesaler costs minus value added equals wholesaler profits.
Distributor profits are $65 - $20.
Wholesaler profits = $45
Local store profits = Value added by Local store - costs
Local store profits = $50 - $15
Local store profits = $35
Raw material provider profits = Value added by Raw material provider - costs
Raw material provider profits = $10 - $0
Raw material provider profits = $0
Change in GDP = Wages for workers at manufacturing + Wages for workers at wholesaler + Wages for workers at local store + Profits for manufacturer + Profits for wholesaler + Profits for wholesaler + Profits for raw material provider
Change in GDP = $65 + $20 + $15 + $10 + $45 + $35 + $10
Change in GDP = $200
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two months ago, your company wrote off a receivable account for a customer because it was deemed unlikely to be collectible. today, due to a change in circumstances, you learned that this amount will definitely be collected in the near future. what is the entry required to reinstate the customer's balance?
Two months ago, your company wrote off a particular receivable account for a customer because it was deemed unlikely to be collectible. Today, due to a change in circumstances, you learned that this amount will definitely be collected in the near future. The entry required to reinstate the customer's balance are Increase Accounts Receivable, increase Allowance for Doubtful Accounts
What is Accounts Receivable?The money that the business will receive from clients who have used credit to buy its goods and services is known as accounts receivable (AR). The credit period is typically brief, lasting only a few days, a few months, or perhaps even a year.
Accounts payable and accounts receivable are, in essence, two sides of the same coin. Accounts receivables represent the money that customers owe your company, as opposed to Accounts Payables, which represent the money that your company owes to suppliers.
The recording of an accounts receivable transaction in the company's accounting records is known as an accounts receivable journal entry. It is a crucial stage in accurately recording this financial activity. Sales for which money hasn't yet been paid are referred to by the accounting term "accounts receivable."
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Market researchers often report discretionary income. Discretionary income is your disposable income minus your fixed expenses. Your disposable income is $2,920. After you pay fixed expenses of rent, utilities, groceries, and a car payment, you have $900. What percentage of your disposable income is discretionary?.
The percentage of the disposable income that is discretionary is equal to 30.82% if the amount left after fixed expenses is $900.
As the amount left after payment of the fixed expenses is $900, this is said to be the discretionary income because discretionary income is equal to the disposable income minus fixed expenses.
Now we can calculate the percentage of disposable income that is discretionary as follows;
percentage of disposable income that is discretionary = (discretionary income ÷ disposable income) × 100
% discretionary income = (900 ÷ 2,920) × 100
% discretionary income = 90,000 ÷ 2,920
% discretionary income = 30.82%
Hence, 30.82% of the disposable income is calculated to be discretionary if the disposable income is $2,920 and the amount left after payment of fixed expenses is $900.
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An automobile salesperson uses ________ when it accesses a mobile system to obtain the latest information on consumer demand for electric vehicles.
An automobile salesperson uses the internet when he accesses a mobile system to obtain the latest information on consumer demand for electric vehicles.
Customers wishing to buy a new or used automobile are helped by the car salesperson. Customers are engaged in conversation to discuss their needs, wants, and budgets with them in order to assist them in locating the right automobile. The auto salesman places orders and coordinates payments with the shipper in addition to selling automobiles. Automotive marketing enables you to interact with potential automobile buyers, including both in-market and near-market audiences (shoppers who may be 3–6 months away from making a purchase) and higher-intent shoppers who are less than 3 months away from purchasing a car).
Electric vehicle sales in the United States quadrupled to 630,000 units sold in 2021 or 4.5% of the market. Although sales volumes of electric cars in emerging nations have more than doubled, they are still relatively modest. After additional growth in sales, we predict that the worldwide EV sales share will be about 13% in the first half of 2022.
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The set of actions the federal reserve uses in order to manage the economy is known as.
Monetary coverage is a fixed of equipment utilized by a nation's crucial financial institution to govern the general cash deliver and sell financial increase and hire techniques which includes revising hobby prices and converting financial institution reserve requirements.
The required details for Monetary coverage in given paragraph
In the United States, the Federal Reserve Bank implements economic coverage via a twin mandate to obtain most employment even as preserving inflation in check. Monetary coverage is the manage of the amount of cash to be had in an economy and the channels through which new cash is supplied. Economic records which includes gross home product (GDP), the charge of inflation, and enterprise and sector-unique increase prices have an effect on economic coverage strategy. A crucial financial institution may also revise the hobby prices it fees to mortgage cash to the nation's banks. As prices upward push or fall, economic establishments alter prices for his or her clients which includes agencies or domestic buyers.
Additionally, it is able to purchase or promote authorities bonds, target overseas exchange prices, and revise the quantity of coins that the banks are required to keep as reserves.
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the problems in the interbank lending market such as those seen during the 2007–2009 financial crisis would have affected your ability to take out a personal loan with a bank. explain how.
The interbank lending market such as those seen during the 2007–2009 financial crisis would have affected your ability to take out a personal loan with a bank In early 2007, subprime lenders began to file for bankruptcy.
The collapse of the American investment bank Lehman Brothers on September 15, 2008, hastened the worldwide financial crisis brought on by the subprime mortgage crisis in the United States. Financial and capital markets have been seriously damaged by the financial turbulence. The international economy was dealt a crippling blow, and a global recession resulted. In this case, significant financial institutions from the United States and Europe experienced severe losses as a result of subprime mortgage loans and related securitized securities. Conversely, the direct losses suffered by Japanese institutions participating in these securitized assets were rather small. Numerous elements related to the financial services industry were found in analyses of the causes of the global financial crisis. One of these was the use of extremely high leverage in a variety of on- and off-balance-sheet operations.
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the lojack car recovery system allows the police to track stolen cars. as a result, they not only recover 90 percent of lojack-equipped cars that are stolen but also arrest many auto thieves and shut down many "chop shops" that rip apart stolen vehicles to get their parts. if the government subsidized lojack purchases, it would
Yes, the government should offer consumer subsidies to encourage the purchase of the LoJack car recovery system. Subsidies have an impact on market incentives.
If consumers receive subsidies for acquiring the recovery system, they will be able to increase their usage at the same price as before. To boost consumption, the government can provide a subsidies, encouraging purchases by shifting the demand curve. Subsidies have an impact on market incentives. The new optimal and efficient output level maximizes societal welfare while minimizing efficiency loss.
Here is the complete question-
The LoJack car recovery system allows the police to track stolen cars. As a result, they not only recover 90 percent of LoJack-equipped cars that are stolen but also arrest many auto thieves and shut down many “chop shops” that rip apart stolen vehicles to get their parts. Thus, LoJack provides both private benefits and positive externalities. Should the government consider subsidizing LoJack purchases?
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An organizational ______ is someone whose accomplishments embody the values of the organization and whose accomplishments are put forth to motivate other employees to do the right thing.
An organizational hero is a person whose achievements embody the principles of the organization and are put forward to motivate other employees.
Within the context of organizational settings, organizational heroes are those individuals who are admired for their accomplishments and qulaities. They are hard-working and talented people with sheer,strenght, knowledge, and will. The organization's heroes work for long hours to complete the job tasks because other employees in the organization do not possess the required experience, knowledge, or skill to perform the tasks.
The organizational heroes are highly engaged and goal-driven people who inspire other employees to be more engaged and productive. Organizational heroes are critical to the success of the organizations more often in cases when the organizations are dealing with restructuring.
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What do economists mean by an economically efficient level of pollution? the economically efficient level of pollution is that amount where.
Pollution is most effectively produced when its total benefits outweigh its total costs by a large enough margin. When the marginal benefit of the an extra item of pollution is equal to its marginal cost, this situation arises.
What is Pollution?
The introduction of pollutants into the environment that have a negative impact on it is known as pollution. Pollution can be any kind of material or energy. Both naturally occurring contaminants and foreign substances/energies can be considered pollutants, which are the elements of pollution. Despite the fact that natural disasters can result in environmental pollution, the word pollution generally implies that contaminants came from an anthropogenic source, or a source made possible by human activity. Point source and nonpoint source pollution are two common categories for pollution. Nine million people died worldwide in 2015 as a result of pollution. With little discernible progress against pollution, this remained constant in 2019. 34 of these previous deaths were caused by air pollution. The most prevalent types of pollution are air pollution, light pollution, litter, pollution, plastic pollution, contamination of the soil by radioactive agents, thermal pollution, visual pollution, and water pollution.
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rust industrial systems company is trying to decide between two different conveyor belt systems. system a costs $320,000, has a four-year life, and requires $117,000 in pretax annual operating costs. system b costs $400,000, has a six-year life, and requires $111,000 in pretax annual operating costs. both systems are to be depreciated straight-line to zero over their lives and will have zero salvage value. whichever project is chosen, it will not be replaced when it wears out. the tax rate is 21 percent and the discount rate is 10 percent. calculate the npv for both conveyor belt systems.
The NPV of both System A and System B are -$559,736.92 and -$720,939.16. The firm choose System A conveyor belt system.
System A
Initial Investment in System A = Cost of System A = $320,000
Life of System A = 4 Years
Annual Depreciation of System A as per SLM = Cost of System A / Life
= $320,000 / 4
= $80,000
Pretax Annual Operating Costs = $117,000
Annual Operating Cash Flow = (-Pre-tax Annual Operating Cost - Annual Depreciation) × (1-Tax rate) + Annual Depreciation
= (-$117,000 - $80,000) × (1-0.21) + $80,000
= (-$197,000 × 0.79) + $80,000
= -$155630 + $80,000
= -$75630
NPV of System A = Present value of Operating Cash Flows - Initial Investment
Calculation of Present Value of Operating cash Flows
Present value of Operating cash Flows = Annual Operating Cash Flow × Present value Annuity factor of 10% for 4 Years
= -$75,630 × PVAF(10%,4)
[tex]PVFA(i,n)=\frac{1-\frac{1}{(1+i)^n} }{n}\\PVFA(10,4)=\frac{1-\frac{1}{(1+0.1)^4} }{0.1}\\\\=3.16986545[/tex]
= -$75630 × 3.16986545
= -$239,736.92
NPV of System A = Present value of Operating Cash Flows - Initial Investment
= -$239,736.92 - $320,000
= -$559,736.92
System B
Initial Investment in System B = Cost of System B = $400,000
Life of System B = 6 Years
Annual Depreciation of System B as per SLM = Cost of System B / Life of A
= $400,000 / 6
= $66,666.6667
Pretax Annual Operating Costs = $111,000
Annual Operating Cash Flow = (-Pre-tax Annual Operating Cost - Annual Depreciation) × (1-Tax rate) + Annual Depreciation
= (-$111,000 - $66,666.6667) × (1-0.21) + $66,666.6667
= (-$177,666.667 × 0.79) + $66,666.6667
= -$140,356.6667 + $66,666.6667
= -$73,690.00
NPV of System B = Present value of Operating Cash Flows - Initial Investment
Calculation of Present Value of Operating cash Flows
Present value of Operating cash Flows = Annual Operating Cash Flow × Present value Annuity factor of 10% for 6 Years
= -$73,690 × PVAF(10%,6)
[tex]PVFA(i,n)=\frac{1-\frac{1}{(1+i)^n} }{n}\\PVFA(10,6)=\frac{1-\frac{1}{(1+0.1)^6} }{0.1}\\\\=4.3552607[/tex]
= -$73,690 × 4.3552607
= -$320,939.16
NPV of System B = Present value of Operating Cash Flows - Initial Investment
= -$320,939.16 - $400,000
= -$720,939.16
NPV of System A = -$559,736.92
NPV of System B = -$720,939.16
Since System A's NPV is less negative, System A ought to be picked.
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When using costs or other monetary measures from different years as a statistic in a speech, it is important to consider the of the dollar in terms of inflation. True or false?.
It is true that it is crucial to take inflation into account when citing prices or other financial indicators from various years as statistics in speeches.
The term "inflation" refers to a rise in prices, which over time results in a loss of purchasing power. The average price increase of a basket of chosen goods and services over time can be used to determine the rate at which buying power is decreasing. A financial indicators unit of money now effectively has less purchasing power than it had in earlier periods due to the inflation increase in prices, which is frequently stated as a percentage. Deflation, on the other hand, is characterized by a drop in prices and a rise in purchasing power.
With regard to a wide range of goods and services, inflation seeks to assess the overall effect of price fluctuations. It financial indicators enables the representation of the rise in the price of goods and services over time in an economy as a single value.
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review the following totals from a work sheet. based on these totals, the company experienced (a) net (income/loss) of $. income statement balance sheet debit credit debit credit $10,000 $7,500 $41,000 $43,500
Review of a work sheet based on these totals the company experienced (a) loss
(b) $2,500, 2500, or $2500
A corporation, often known as co., is a legal entity that stands for a group of people with a certain goal who are either natural, legal, or a combination of the two. Members of the company work together for a shared cause in order to accomplish clearly stated objectives.
So that the company itself has limited liability as members fulfill or fail to fulfill their obligations in accordance with the publicly stated incorporation, or published policy, a company may be established as a legal entity. A review is an assessment of a work of literature, a piece of merchandise, a business, a topic in politics or culture, or a firm. The reviewer may rate the piece in addition to giving it a critical evaluation to convey its relative worth.
A collection of reviews might be referred to as its own review.
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the process of crafting operational strategy include all of the following except: group of answer choices analyze operations and environment generate tactical alternatives deploy strategies measure, benchmark, review and adjust
The process of crafting operational strategy is Generate tactical alternatives .
Option B is correct
Capacity Issues In Special- Order Decisions:A special order decision is a short- term decision to determine if a company should supply a product or service to a client. Besides applicable manufacturing costs of the order, the company will also need to consider if they've redundant capacity to deal with the order. redundant capacity relates to the quantum of spare manufacturing capacity to manufacture products relating to the special order.However, current product and deals will have to be offered, If a company doesn't have sufficient redundant capacity. This will affect in occasion costs incurred and will have to added to the applicable cost of the special order.
What's tactical and strategic?While strategy is the action plan that takes you where you want to go, the tactics are the individual way and conduct that will get you there. In a business environment, this means the specific conduct brigades take to apply the enterprise outlined in the strategy.
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A company recorded an event that caused assets, liabilities and cash flow from financing activities to increase, but had no affect on net income. This event could have been due to ______.
An event that caused assets, liabilities and cash flow from financing activities to increase, but had no affect on net income could have been due to borrowing money with a two year term to maturity.
The maturity date also known as a final maturity date can be defined as the date on which a debt obligation is to be redeemed, as agreed upon contractually. Maturity date also can be described as the date on which the final payment is due on a loan or other financial instrument, such as a bond or term deposit, at which point the principal is due to be paid.
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shaun recommends that the organization do everything it can to lower the organizational costs required to produce widgets while still charging customers the same price for the product. shaun is recommending the strategy. cost cutting cost leadership differentiation niche
Shaun advises the company to take every possible measure to reduce its overhead expenditures. The cost leadership approach is what Shaun advises.
Having the lowest operating costs in your sector gives you a competitive edge. This is called cost leadership. Efficiency of the business, its size, scope, and experience are frequently what determines cost leadership (learning curve). A cost leadership strategy seeks to take expenditures advantage of economies of scale, clearly defined scope, and other economies (such as a good purchasing technique), creating highly standardized goods using cutting-edge technology.
More and more businesses in recent years have opted for a strategic blend to win market leadership. These trends include expenditures concurrent cost leadership, top-notch customer service, and product leadership. Due to its cost leadership strategy, Walmart has been successful all over the world.
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Danny's Pizza has had an increase in operating costs in the last six months. Danny can see
no solution to this problem except raising the prices of all his menu items.
Change:
Internal or External
Increase or Decrease
Answer:
Internal, Increase I think
an electric switch manufacturing company is trying to decide between three different assembly methods. method a has an estimated first cost of $44,000, an annual operating cost (aoc) of $5,000, and a service life of 2 years. method b will cost $84,000 to buy and will have an aoc of $10,000 over its 4-year service life. method c costs $143,000 initially with an aoc of $5,000 over its 8-year life. methods a and b will have no salvage value, but method c will have equipment worth 10% of its first cost.
The future worth of the cost is lowest for method C, so Method C is most cost efficient. So, method C should be selected.
These methods have unequal life, so LCM method will be used to make their lives equal to be 8 years, by repeating the investment.
R = 10%
For Method A:
Future worth of the cost = (44000×[tex]1.1^8[/tex] + 44000×[tex]1.1^6[/tex] + 44000×1.1^4 + [tex]1.1^4[/tex]44000×1.1²) + 5000×([tex]1.1^8[/tex]-1)/.1
Future worth of the cost = $926890.032 (it will be negative as it is cost)
For Method B:
Future worth of the cost = (84000×[tex]1.1^8[/tex] + 84000×[tex]1.1^4[/tex]) + 10000×([tex]1.1^8[/tex]-1)/.1
Future worth of the cost = $417404.741 (it will be negative as it is cost)
For Method C:
Future worth of the cost = 143000×[tex]1.1^8[/tex] + 5000×([tex]1.1^8[/tex]-1)/.1 - 143000×10%
Future worth of the cost = $43185.
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Staintation has $70 million in assets and $50 million in owners’ equity. How much does the firm have in liabilities?
The firm has $20 million in liabilities. through the accounting concepts i.e., assets = owners equity + liabilities.
The accounting equation is the formula that states that the sum of a company's liabilities and equity equals its total assets (Assets = Liabilities + Equity). The unique relationship between a company's liabilities, assets and equity is the backbone of double-entry bookkeeping.Accounting equations are the basis of double-entry bookkeeping. The balance sheet formula shows that on a company's balance sheet, the company's total assets equal the sum of its liabilities and the company's equity. assets represent valuable resources managed by the company. Liabilities represent its obligations.Liabilities and equity both describe how a company's assets are financed.Debt financing is presented as debt and equity financing is presented as equity. increase.Thus, when assets equal to liabilities and owners' equity then we can easily bring out the liabilities i.e., $20 million.
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a monopolist or an imperfectly competitive firm practices price discrimination primarily to: a reduce marginal costs. b increase consumer surplus. c lower total costs. d increase profits. e expand plant size.
A monopolist or an imperfectly competitive firm practices price discrimination primarily to lower total costs.
What is monopoly?
According to Irving Fisher, a monopoly is a market where there is "no competition," which results in a situation where one person or business is the sole supplier of the a specific good or service. This contrasts with oligopoly and duopoly, which involve a small number of sellers controlling a market, and monopsony, which refers to the a single entity's control of the a market to buy a good or service. Monopolies are thus characterised by a lack of viable substitute products, a lack of economic contest to produce the product or service, and the potential for a high monopoly price that is significantly higher than the seller's marginal cost and generates a high monopoly profit.
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assume a company uses the weight-average method in its process costing. its work in process t-account for the refining department for august is: work in process: refining department debit credit august 1 balance 62,000 completed and transferred to finished goods ? materials 310,000 direct labor 72,000 overhead 181,000 august 31 balance ? the august 1 work in process inventory consisted of 6,000 units with $41,500 in materials cost and $20,500 in conversion cost. the august 1 work in process inventory was 100% complete with respect to materials and 40% complete with respect to conversion. during august 48,000 units were started into production. the august 31 work in process inventory consisted of 8,000 units that were 100% with respect to materials and 60% complete with respect to conversion. the materials cost included in the amount transferred from the refining department to finished goods is closest to:
The materials cost included in the amount transferred from the refining department to finished goods, under the weighted-average method, is closest to $299,460.
What is the weighted-average method for computing equivalent units?The weighted-average method for computing the equivalent units does not include the units of the beginning inventory but includes the units transferred out and the ending inventory.
The equivalent units include the units completed using the percentage of completion for units transferred out and the ending inventory.
T-accounts:Work-in-Process: refining department
Date Account Titles Debit Credit
August 1 balance 62,000
Completed and transferred to finished goods ?
Materials 310,000
Direct labor 72,000
Manufacturing overhead 181,000
August 31 balance ?
Physical Flow:Beginning work in process 6,000
Started into production 48,000
Units available for production 54,000
Ending work in process 8,000
Units transferred out 46,000
Equivalent units of production:Materials Conversion Costs
Units transferred out 46,000 (100%) 46,000 (100%)
Ending work in process 8,000 (100%) 4,800 (60%)
Total equivalent units 54,000 units 50,800 units
Cost of production:Materials Conversion Total Costs
Beginning inventory $41,500 $20,500 $62,000
Costs incurred 310,000 253,000 563,000
Total costs incurred $351,500 $273,500 $625,000
Unit cost per equivalent unit $6.51 $5.38
Costs assigned:
Units transferred out $299,460 ($6.51 x 46,000)
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a(n) business strategy is typically a combination of deliberate and emergent strategy initiatives. (remember to place only one word in the blank.)
A realized business strategy is typically a combination of deliberate and emergent strategy initiatives.
What does the Realised strategy depend on?
The first determinant of realized strategy is emergent strategy—the decisions that occurs from the complex processes in which individual managers delivers the intended strategy and adapt to changing external circumstances.
What are different levels of strategy?The three levels are corporate level strategy, business level strategy, and functional strategy. These different levels of strategy allows business leaders to build business goals from the upper corporate level to the bottom functional level.
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when billie moved from iowa to sweden, she was surprised how little entrepreneurism she saw. this is most likely because of which drawback of socialism
When Billie moved from Iowa to Sweden, she was surprised how little entrepreneurism she saw. this is most likely because of possible brain drain drawback of socialism.
A significant exodus or migration of people is referred to as "brain drain" in slang. A brain drain might be the consequence of internal unrest in a country, the availability of lucrative job possibilities abroad, or a desire to move to a country with a higher standard of living. When workers perceive higher salary, benefits, or upward mobility inside another business or sector, brain drain may also take place at the organizational or industrial levels, in addition to occurring geographically.
Tax money is lost, which is one of the effects of brain drain.Increasing public investment in the neighborhood economy is one of the greatest approaches to stop brain drain.Learn more about Brain drain, here
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a check for $342 was erroneously charged by the bank as $432. in order for the bank reconciliation to balance, you must add $90 to the bank statement balance.
True. A check for $342 was erroneously charged by the bank as $432. in order for the bank reconciliation to balance, you must add $90 to the bank statement balance. The bank should credit the excess amount of $90.
What is the journal entry for bank reconciliation?Journal Entry Definition in a Bank Reconciliation When there are changes to the balance according to the books, a bank reconciliation needs journal entries. These adjustments are the result of things that were on the bank statement but were not reflected in the general ledger accounts of the business.
Charged $432 instead of $342, debiting $90 in excess that the bank ought to credit. Therefore, in the bank reconciliation, it needs to be added to the Bank balance.
Thus, the given statement is true.
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if you are interested in learning more about supply chain management as a major or a career, connect with bauer's supply chain management student organization, spo by:
Numerous executives at HP, including the VP of Procurement, career have degrees from Bauer ("Buy" Function) supply chain management.
The breadth and depth of information that our SCM majors acquire in their classes has also been proved to help our alumni succeed in their careers over time.
A supply chain is a network that connects all the people, businesses, resources, activities, and technology involved in the creation and distribution of a product. A supply chain includes everything from the flow of raw materials from a supplier to a production facility to the final distribution to the end user.
Supply chain management is the practice of coordinating the various procedures needed to produce and distribute goods and services to a firm's clients. Supply-chain Management involves manufacturing, packing, farming, design, and transportation.
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Carson always feels like he is putting out fires at work and does not get an opportunity to figure out where problems might arise before they occur. Carson is dealing with ______ change.
Carson feels that he is not getting opportunity to figure out where problems might arise before they occur, he is dealing with reactive change.
Change that is implemented in a company as a consequence of external factors is known as reactive change. For example, the introduction of a new employee benefit plan is proactive since leadership is confident that it will increase satisfaction and motivation among employees. If the benefits plan was implemented in response to requirements made by employees, the change would be reactive change.
Reactive change management entails the execution of modifications in response to a need, a possibility, or an unexpected circumstance in the company. When you have a process or contingency strategy in place, you can adapt to changes constructively and systematically.
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