In its purchasing department, a firm pursuing differentiation would be open to purchasing high-quality inputs even if they cost a little more is false.
Is a high or cheap price likely to be a part of a differentiation strategy?The foundation of differentiation strategy is the idea that one needs to have a distinct positioning. Higher prices serve as a sort of "make up" for their higher costs, whereas differentiation leadership concentrates on offering advantages that create value for customers.
Therefore, Many businesses try to cut costs while simultaneously improving their goods and services as part of an integrated cost leadership/differentiation strategy. Companies could invest in creating overall quality management systems and enhancing marketing efficacy in order to successfully implement this strategy.
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See full question below
'in its purchasing department, a firm pursuing differentiation would be open to purchasing high-quality inputs even if they cost a little more. true/false
which of the below would not be found in a typical acceptable use policy? multiple choice not performing any nonrepudiation. not posting commercial messages to groups where the employee has received user consent. not attempting to break the security of any computer network. not using the service as part of violating any law.
The statement that would not be found in a typical acceptable use policy is not attempting to break the security of any computer network.
What is the acceptable use policy?An acceptable use policy can be decribed as the document stipulating constraints and practices which stressed that a user must agree to for access to a corporate network, the internet or other resources.
It should be noted that some businesses and educational institutions require employees or students to sign on, however not attempting to break the security of any computer network can not be found in acceptable use policy .
Therefore, option C is correct.
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The most recent monthly income statement for Benner Stores is given below:
Total
Store A
Store B
Sales
$ 1,000,000
$ 400,000
$ 600,000
Variable expenses
580,000
160,000
420,000
Contribution margin
420,000
240,000
180,000
Traceable fixed expenses
300,000
100,000
200,000
Store segment margin
120,000
140,000
(20,000)
Common fixed expenses
50,000
20,000
30,000
Net operating income
$ 70,000
$ 120,000
$ (50,000)
Due to its poor showing, consideration is being given to closing Store B. Studies show that if Store B is closed, one-fourth of its traceable fixed expenses will continue unchanged. The studies also show that closing Store B would result in a 10 percent decrease in sales in Store A. The company allocates common fixed expenses to the stores on the basis of sales dollars.
Required:
Determine the monthly financial advantage (disadvantage) of closing Store B.
Answer:
the financial advantage of closing Store B is $132,000 - $70,000 = $62,000 per month.
Explanation:
To determine the financial advantage (or disadvantage) of closing Store B, we need to calculate the net operating income that Benner Stores would have if Store B is closed.
First, we need to determine the new sales and contribution margin for Store A if Store B is closed. Since closing Store B would result in a 10% decrease in sales in Store A, the new sales for Store A would be $400,000 * 90% = $360,000. The contribution margin for Store A would be $360,000 - $160,000 = $200,000.
Next, we need to determine the traceable fixed expenses that would continue unchanged if Store B is closed. One-fourth of Store B's traceable fixed expenses are $200,000 * 1/4 = $50,000.
Then, we need to recalculate the common fixed expenses allocated to the stores based on their new sales. The common fixed expenses allocated to Store A would be $50,000 * $360,000 / $1,000,000 = $18,000.
Finally, we can calculate the net operating income for Benner Stores if Store B is closed:
Net operating income = Sales - Variable expenses - Traceable fixed expenses - Common fixed expenses
[tex]= $360,000 - $160,000 - $50,000 - $18,000= $132,000[/tex]
Therefore, the financial advantage of closing Store B is $132,000 - $70,000 = $62,000 per month.
FILL IN THE BLANK. ___ serves society in three functions: medium of exchange, unit of account, and store of value.
Money serves society in three functions: medium of exchange, unit of account, and store of value.
Money is a medium of economic exchanged accepted by general consent. Money serves as currency which prices and values are express and circulates anonymously. Money facilitates trading activities and is the principal measure of wealth.
Money has several properties, such:
FungibleDurablePortableRecognizableStableBeside serving as the medium of exchange, money has several secondary functions. Money can act as a unit of account to keep track of changes in the value of item over time and multiple transactions. Money allows people to compare the values of various combination of different products.
Money can store its monetary value for use in the future without having that value deteriorate. This function makes saving and engaging in transactions over long distance and time to be possible. Money also can be used to transfer value over different time period in the form of credits and debts.
Money also come in several different types:
Commodity moneyFiat moneyBank moneyCommodity money refers to a good with value and serves as the value of money. Commodity money usually used in the ancient time and currently used in a form of investment suc as gold coins and bars.
Fiat money is a good, which its value is less that the value it represents as money. Dollar bills are an example of fiat money because their real value as a slip of paper is much less than the printed value they have as money.
Bank money includes book credit and checks. Bank money are bank's attribute that can also be use in transaction and have the value of money.
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in the early stages of a start-up, an entrepreneur might use to finance a new business. investors investors friends and family friends and family self-financing self-financing loans loans
In the early stages of a start-up, an entrepreneur might use self-financing to finance a new business.
An entrepreneur is a person who has an idea and who works to create services or products that people will purchase, as well as an enterprise to support that attempt. An entrepreneur takes on most of the danger and initiative for their new commercial enterprise and is often visible as a visionary or innovator.
The entrepreneur is defined as someone who has the capacity and choice to establish, administer and reach a startup assignment along with danger entitled to it, to make profits. The first-rate example of entrepreneurship is the beginning of a brand-new enterprise assignment.
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Which of the following items would not result in a deferred tax liability for financial reporting purposes?
Select one:
a. Installment sales, accrued for GAAP purposes, but taxable when payments are collected.
b. Rental receipts received in advance of services provided are deferred for GAAP purposes, but are taxable as collected for tax purposes.
c. Six-month prepaid insurance amount, recognized as prepaid expense for GAAP purposes, but deductible when paid for tax purposes.
d. Depreciation of equipment in its first year of purchase, calculated under the straight-line method for GAAP purposes, but under MACRS for tax purposes.
Rental receipts received in advance of services provided are deferred for GAAP purposes, but are taxable as collected for tax purposes result in a deferred tax liability for financial reporting purposes.
What is liability ?An obligation of a company of to pay money to another person and company in the future is called a liability. This means that the company cannot make money in the future. Liabilities are how a company gets money and are different from equity. A liability is any business liability, whether it is a bank loan, mortgage, unpaid bills, promissory note, or any other amount owed to another person.If you promise to pay an amount in the future and have not yet paid it, it is a liability. An asset is an item owned by a company for future profit.A liability is an item that represents a company's obligations. Impact of depreciation. Assets can be depreciated. Liabilities cannot be amortized.To learn more about liability from the given link :
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churches or synagogue congregations, student organizations, and sports teams can be conceived of as social groups because
Families, congregations at a church or synagogue, student organizations, and sports teams can all be thought of as groups because of how their individual members interact with and affect one another. As a result, choice (E) is accurate.
What are groups?A group is really just a collection of people. It can be viewed as a group of people—two or more—who work together and communicate with one another to accomplish the goals of the organization. They serve as an organization's building blocks.
Additionally, a group's climate is its emotional environment, which depends on elements like cooperation, cooperation, member trust and bonding, open communication, and other similar elements.
Hence, option (E) is the right choice.
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Your question is incomplete, probably the complete question is-
Families, church or synagogue congregations, student organizations, and sports teams can be conceived of as groups because
A) they are part of our evolutionary and cultural heritage as humans.
B) they are typically composed of more than ten members.
C) they are typically composed of more than two members.
D) they are relatively stable collections of individuals who share the same goals.
E) individual members interact with one another and influence one another.
Assumptions: These two graphs show two sectors of the labor market for a particular kind of labor. Relevant product markets are competitive. The two labor demand curves are identical and initially the quantities of labor employed in the two sectors are L1 and L'1 and the wage rate in each sector is Wn. Refer to the diagrams and assumptions. The change in employment in sector 1 to which a Wn to Wu union wage increase gives rise will cause output in that sector to: Group of answer choices increase by A + B. decrease by B + C + D. decrease by A + B. decrease by C + D.
In response to the enquiry, this same solution is L1 L2 reduction throughout sector 1.
Explain what a market is.
A market is described as the aggregate of all sellers and buyers inside the region or area under consideration. The area could be the entire planet, or it could be countries, regions, countries, or cities. The value, cost, and cost of items traded in a market are determined by the supply and demand forces. When a product is on the industry, it is available to buy. If it ever hits the market.
What are the various market types?
Market types include:
Monopoly: A monopolistic is a market creation that possesses the characteristics of a pure industry.Oligopoly.The ideal rivalry.Monopolistic rivalry.Monopsony.Oligopsony.Monopoly by nature:To know more about Market visit:
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a customer shopping at sports authority for new running gear is assisted by a salesperson in the shoe department. this is an example of inside selling. t/f
The correct answer is TRUE a customer shopping at sports authority for new running gear is assisted by a salesperson in the shoe department.
In order to create effective sales techniques, it is crucial to understand the many groups that a salesperson represents. The multifaceted nature of representation may assist sales managers put the right demands on their salespeople. Sales managers can also appreciate that salespeople have various responsibilities. prospective sale commission The most efficient technique of advertising when a company's clients are geographically concentrated is personal selling. The sales representative is in charge of soliciting orders from current or future sales outlets while selling items and attending to client demands. When a consumer makes a purchase, they make sure they are pleased and well taken care of. They can create new accounts in this manner for their employer.
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Which of the following tests measures the extent to which people relate positive or negative thoughts with blacks or whites, men or women. homosexuals or heterosexuals, young or old, or other groups? a Cognitive Ability Test O b. Specific Ability Test OC Situational Judgment Test d. Implicit Association Test
Implicit Association Test measures the extent to which people relate positive or negative thoughts with blacks or whites, men or women. homosexuals or heterosexuals, young or old, or other groups.
The correct option is (d).
The Implicit Association Test is a controversial assessment designed to reveal subconscious associations between mental representations of objects in memory.
The Implicit Association Test (IAT) measures the strength of associations between concepts and evaluations or stereotypes to reveal an individual's hidden or subconscious biases. This test was first published in 1998 by Project Implicit and has been continuously updated and improved since then.
The Implicit Association Test (IAT) is a psychological test designed to detect unconscious attitudes, automatic preferences, and implicit biases by measuring the time it takes an individual to classify concepts into two categories.
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suppose that the tempeh industry is initially operating in long-run equilibrium at a price level of $5 per pound of tempeh and quantity of 175 million pounds per year. suppose a leading foodie video blogger raises awareness for a scholarly article that links tempeh consumption to premature hair loss and unhealthy skin.
The tempeh industry will move from long-run equilibrium at a price of $5 per pound of tempeh and a quantity of 175 million pounds per year to a new long-run equilibrium at a lower price and a lower quantity.
The likely outcome of the foodie video blogger raising awareness for a scholarly article that links tempeh consumption to premature hair loss and unhealthy skin is that the demand for tempeh will decrease. This decrease in demand will cause the price of tempeh to decrease and the quantity of tempeh demanded to decrease as well. As a result, the tempeh industry will move from long-run equilibrium at a price of $5 per pound of tempeh and a quantity of 175 million pounds per year to a new long-run equilibrium at a lower price and a lower quantity.
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Cane Company manufactures two products called Alpha and Beta that sell for $155 and $115, respectively. Each product uses only one type of raw material that costs $6 per pound. The company has the capacity to annually produce 110,000 units of each product. Its unit costs for each product at this level of activity are given below:AlphaBetaDirect materials$24$12Direct labor2326Variable manufacturing overhead2212Traceable fixed manufacturing overhead2325Variable selling expenses1915Common fixed expenses2217Total cost per unit$133$107The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are deemed unavoidable and have been allocated to products based on sales dollars.
Sand (including silica sand), clay, hard rock, limestone (including metallurgical limestone), gravel, and other building and road-building supplies are considered basic raw materials (BRM).
A raw material, which is also referred to as a feedstock, an unprocessed material, or a primary commodity, is a kind of fundamental resource that is used to make other materials, such as intermediate materials that will be used as feedstock for finished items in the future. The phrase "feedstock" implies that these resources are bottleneck resources needed to manufacture other goods. The term "raw material" refers to substances that have not undergone any processing or have undergone very little processing, such as raw latex, crude oil, cotton, coal, raw biomass, iron ore, air, logs, and water, or "any product of agriculture, forestry, fishing, or mineral in its natural form or which has undergone the transformation required to prepare it for international marketing in substantial volumes."
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The accounting treatment of uncertain tax positions is determined through the application of a two-step process. Which of the following statements is not true regarding this process?
A) To meet the recognition threshold, it must be more likely than not that the taxpayer will maintain its tax position in a dispute with taxing authorities.
B) A tax benefit related to an uncertain tax position is measured as the largest amount of tax benefit that is greater than 50% likely of being realized.
C) A tax benefit related to an uncertain tax position will only be recognized if it is more likely than not to meet the recognition threshold
D) In determining whether the recognition threshold is met, the company must assume that audit by the taxing authority will take place
The statement which is not true about uncertain tax position is :- In determining whether the recognition threshold is met, the company must assume that audit by the taxing authority will take place.
A tax treatment for which it is uncertain whether the applicable tax authorities (including the courts) will accept the treatment in accordance with local tax legislation is known as an uncertain tax situation.
Tax positions that are unknown could emerge, for instance, if there is doubt about
whether a certain type of income should be included in the taxable income of an entity;whether a certain amount is tax-deductible;if a certain transfer pricing methodology will be accepted by the tax authorities and the courts;What is the proper application of the tax code in light of a recent tax court ruling;varying interpretations of the law by tax authorities, taxpayers, and tax experts;differences in how the appropriate tax authorities and the taxpayer/tax advisors understand a tax treaty, such as how much of a sum is subject to withholding taxes.The requirements for interest and penalties linked with uncertain tax positions are not covered by IFRIC 23.
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When estimated costs are used in applying the cost-plus approach to product pricing, the estimates should be based upon ideal levels of performance.
True
False
The cost-plus model must be used to price products, and estimated costs must be based on ideal performance levels. True
What does "approach" mean?in regards of proximity, closeness, quality, number, time, or space, to get closer or even closer: We could just pick out the oncoming train in the distance. If i look out your window here on the left, you have seen we are now coming close to a Eiffel Tower.
What does it mean to have a Apporach outlook?Having a positive outlook refers to being upbeat about oneself, one's situation, and interpersonal interactions. Those with optimistic attitudes remain upbeat and see the best in the most trying situations.
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managers are evaluating two independent projects. project x has a npv of $282,500 and a profitability index of 2.1. project y has a npv of $320,000 and a profitability index of 1.7. which of the following statements are correct?
The profitability index rule is a variation of the net current value (NPV) rule. In general, a wonderful NPV will correspond with a profitability index that is larger than one. A negative NPV will correspond with a profitability index that is beneath one.
What is the components for profitability index?Profitability Index = (Net Present cost + Initial investment) / Initial investment. Profitability Index = 1 + (Net Present fee / Initial investment).
When NPV is equal to zero profitability index will be?Explanation: If the net existing price of an funding is zero, its profitability index will be 1.
In order to decide which venture to pursue, the exceptional components to use is the Present fee Index. This is the Present value of money inflows divided by using the Present cost of money outflow: PVI = PV of inflows/PV of outflows.
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https://brainly.com/question/29345295#SPJ4the idea of concurrently designing it and business processes is out of the question. instead, it should be aligned with existing business processes. t/f
It is not feasible to simultaneously create it and business procedures. It should instead be in line with current business processes. The assertion is untrue.
What makes concurrent design crucial?By overlapping and integrating tasks, concurrent engineering significantly reduces waiting times. According to one estimate, this method can cut the overall design work by up to 30%. By guaranteeing that modification requests are kept to a minimal, concurrent engineering also expedites the design process.
What is the purpose of concurrent?a means to gauge how many software licenses are being used. One of the following options is available for licensing software: site (only a specific number of users may access the software), individual (it cannot be shared with other users), and concurrent use (consumption is constrained).
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You are trying to assess the value of a small retail store that is up for sale. The
store generated a cash flow to its owner of $ 100,000 in the most year of
operation, and is expected to have growth of about 5% a year in perpetutity.
a) If the rate of return required on this store is 10%, what would your
assessment be of the value of the store?
b) What would the growth rate need to be to justify a price of $ 2.5 million for this
store?
Answer: A.) 2,100,000 B.) 0.05769 or 5.77%
Explanation:1) If the rate of return required on this store is 10%, Calculation of the value of the store:
Value of Store = 100,000 {(1 + g) / 0.10 - g)}
100,000 {(1 + 0.05) / (0.10 - 0.05)}
= 100,000 * {1.05 / 0.05}
= 100,000 * 21
= 2,100,000
b) Calculation of growth rate need to be to justify a price of 2.5 million for this store:
Value of Store = 2,500,000
\Rightarrow 100,000 {(1 + g) / 0.10 - g)} = 2,500,000
\Rightarrow {(1 + g) / 0.10 - g)} = 25
\Rightarrow (1 + g) = 2.5 - 25g
\Rightarrow 26g = 1.5
g = 1.5/ 26
g = 0.05769 or 5.77%
1) The market capitalization rate on the stock of Aberdeen Wholesale Company is 10%. Its expected ROE is 12%, and its expected EPS is $5. If the firm's playback ratio is 50%, its P/E ratio will be_____.
a. 19.23
b. 12.5
c. 8.33
d. 24.15
If the firm's playback ratio is 50%, its P/E ratio will be 12.5
The ratio for valuing a firm that compares its current share price to its earnings per share is called the price-to-earnings ratio (EPS). The price multiple or earnings multiple are other names for the price-to-earnings ratio.
Investors and analysts use P/E ratios to assess the comparative value of a company's shares in an apples-to-apples comparison. It can also be used to compare a company to its past performance or to compare broad markets over time or to one another.
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in the course and scope of employment, tanisha, an agent for processed food inc., violates state sanitation regulations by mishandling certain food products distributed by quality transport corporation. in some jurisdictions, liability for the violations could extend to
In some jurisdictions, liability for the violations could extend to Processed Food Inc. Quality Transport Corporation.
Examples of judicial jurisdiction are: appellate jurisdiction, in which a superior court docket has energy to accurate prison errors made in a lower courtroom; concurrent jurisdiction, wherein a fit might be brought to any of two or extra courts; and federal jurisdiction (as adversarial, for example, to kingdom jurisdiction).
Jurisdiction is the authority given to a prison body like a courtroom to administer justice inside a defined subject of responsibility. The superb court docket in India has three sorts of jurisdictions – original, appellate and advisory as furnished in Articles 131, 133 – 136 and 143 respectively of the Indian charter.
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a salesperson is offering a free gift certificate as part of a marketing plan. according to commissioner's rules, which of the following would not be required to be disclosed in the ad?
The fundamental calculation for the cost approach is as follows: Property Value = Land Value + Cost New - Depreciation. It makes use of the substitutional principle. Simply said.
The cost of purchasing a replacement or something comparable affects the price someone is ready to pay for a property. This is the discrepancy between the property's overall development costs and its finished market value. Three methods are used in cost estimation: Quantitative analysis; Unit-in-place; calculation (Value of area or volume). When using the index technique, a property's initial construction cost is multiplied by a multiplier that was determined based on the rate at which construction costs have increased since the property was erected.
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if the us saves $1000 billion and the us net capital outflow is -$200 billion, us domestic investment is
If the US saves $1000 billion and the US net capital outflow is -$200 billion, us domestic investment is $1,200 billion.
Gross private domestic investment (GPDI) is a metric used to describe how much money corporations spend domestically. In other words, it serves as a gauge for the amount that businesses and landlords spend on items like inventory, new construction, machinery, and other equipment.
Gross private domestic investment is significant because it provides a reliable indication of how optimistic enterprises feel about their own future commercial prospects. Businesses are more inclined to make investments that will advance their growth when they have confidence. This could then result in an increase in jobs and salaries for workers. The Gross private domestic investment is a reliable predictor of upcoming economic expansion. That's because companies typically make investments in things like new facilities and equipment in anticipation of future expansion.
the us saves = $1000 billion
US net capital outflow = -$200 billion
domestic investment = $1000 - ( -$200) = $1200
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which of the following has established guidelines to ensure that insurance companies and heir agents promote their products properly and accurately, without exaggerating the benefits or minimizing the drawbacks?
The Insurance Regulatory and Development Authority has established guidelines to ensure that insurance companies and their agents promote their products properly and accurately, without exaggerating the benefits or minimizing the drawbacks.
The insurance companies that makes the insurance products to take on risks in return for the payments of premiums. These companies my be mutual or shareholders are known as insurer or provider without exaggerating the benefits or minimizing the drawbacks.
The mode of premium most commonly annual, semi-annual, quarterly or monthly.
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FILL IN THE BLANK kevin is writing a routine e-mail request that he believes will be received positively. the main idea or purpose of his message should be placed in ______.
Kevin is composing a standard email request that he hopes will be well accepted. The opening should state the major point or goal of his discourse. The answer is the opening.
What is an Email?Electronic mail refers to messages sent and received by electronic devices. Email was consequently thought of as the technological counterpart of mail at a time when "mail" only referred to physical mail. Email, often known as electronic mail, is a method of communication that uses electronic devices to transmit messages via computer networks. The term "email" can apply to both the method of delivery and the specific messages that are transmitted and received.
Email is a crucial medium for business communication since it is accessible, rapid, inexpensive, and easy to replicate. Email is a rapid and convenient way to convey many different forms of electronic material, so businesses may benefit greatly from adopting it.
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jane's work brings a lot of encounter stressors into her life. which of the following would be the best strategy for eliminating encounter stressors at work?
The best strategy for eliminating encounter stressors at work will be developing collaborative relationships
Developing collaborative relationships can be an effective strategy for eliminating encounter stressors at work. Encounter stressors are situations that cause stress or anxiety, and they can often arise from conflicts or misunderstandings with coworkers. Building strong, collaborative relationships with colleagues can create a more positive and supportive work environment that is less prone to stressors.
Similarly, in the given case Jane can look for opportunities to work with others on projects and be open to new approaches. Collaboration can help foster a sense of teamwork and camaraderie among coworkers. Jane can also build strong relationships with her supervisor and colleagues and can help create a sense of support and belonging at work. These practices can help to reduce stressors.
Complete Question
Jane's work brings a lot of encounter stressors into her life. Which of the following would be the best strategy for eliminating encounter stressors at work?
redesigning her work environment
developing collaborative relationships
carefully managing her time
setting short-term goals
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under sec rule 10b-13, a company that is the target of a tender offer must provide its shareholders with a statement indicating acceptance or rejection of the offer within
The concept mentioned is the Tender offers of companies. The answer is it should occur within 10 business days of the announcement.
An SEC rule prohibits a company that has made a tender offer or an exchange offer for another company's stock or bonds from acquiring the stock or bonds by any other means until the offer expires.
This rule exists to help ensure fair play in the request. A tender offer is an offer that an investor makes to the shareholders of an intimately traded company.
The offer is to give or vend, their shares for a specific price at a destined time. In some cases, the tender offer may be made by further than one person, similar to a group of investors or another business.
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Most of the time, no matter what the decision, consumers choose the choice that they perceive will deliver the most value to them. True or False
This announcement is true.
The consumers reflect on consideration on a number of things like the characteristics of the product, charge charged, availability of the product at the required region and tons more. The non-public factors consist of age, occupation, lifestyle, social and financial popularity and the gender of the consumer.
Why is consumer decision important?It helps to recognize what makes a patron purchase a product. It is vital to verify the kind of merchandise favored by buyers so that they can launch it to the market. Marketers can apprehend the likes and dislikes of shoppers and sketch base their advertising efforts based on the findings.
What is purchaser decision problem?Consumer Decision Making refers to the method underneath which buyers go thru in identifying what to purchase, inclusive of trouble recognition, data searching, comparison of alternatives, making the decision and post-purchase evaluation.
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https://brainly.com/question/23176347#SPJ4Which of the following describes limitations that may cause you to make only a satisfactory decision instead of an optimal (i.e., best) decision?
Limitations are described by bounded rationality.
What distinguishes restricted rationality from rationality?According to the theory of rationality, whenever a choice is made for our own self-interest, people always pick for the best option. Bounded rationality, on the other hand, asserts that humans are unable to do so because of three important constraints: cognitive limitations, imperfect information, and time restraints.
What does bounded rationality look like in practice?The three basic causes of bounded rationality are time constraints, imperfect information, and cognitive constraints. We can see an illustration of this when we visit the store to make a purchase. There are numerous options available for a huge variety of goods.
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Cub Company, a calendar-year entity, had 3,100 geothermal heating pumps in its beginning inventory for 20X1. On December 31, 20X0, the heating pumps had been adjusted down to $900 per unit from an actual cost of $1,000 per unit. It was the lower of cost or market. Cub purchased no additional units during 20X1. The following additional information is provided for 20X1:
Quarter Date Inventory (units) Unit Market Value
1 March 31, 20X1 1,770 $ 885 2 June 30, 20X1 1,480 930 3 September 30, 20X1 1,340 840 4 December 31, 20X1 990 870 Required:
Please respond to the following two independent scenarios as requested.
a. Case 1: The company does not have sufficient experience with the seasonal market for geothermal pumps and assumes that any reductions in market value during the year will be permanent.
(1) Determine the cost of goods sold for each quarter.
(2) Verify the total cost of goods sold by computing annual cost of goods sold on a lower-of-cost-or-market basis.
b. Case 2: The company has prior experience with the seasonal market for geothermal pumps and expects that any reductions in market value during the year will be only temporary and will recover by year-end.
(1) Determine the cost of goods sold for each quarter.
(2) Verify the total cost of goods sold by computing annual cost of goods sold on a lower-of-cost-or-market basis.
(1) Cost of Goods Sold per Quarter:
Quarter 1: 3,100 units x $900 per unit = $2,790,000
Quarter 2: 1,770 units x $885 per unit = $1,568,450
Quarter 3: 1,480 units x $930 per unit = $1,374,400
Quarter 4: 990 units x $870 per unit = $855,300
2) Total Cost of Goods Sold:
Beginning Inventory: 3,100 units x $900 per unit = $2,790,000
Purchases: 0 units x $0 per unit = $0
Total Cost of Goods Available for Sale: $2,790,000
Adjusted Market Value: 3,100 units x $900 per unit = $2,790,000
Total Cost of Goods Sold: $2,790,000
b. Case 2: The company believes that the market value of the pumps will recover during the year.
(1) Determine the cost of goods sold for each quarter.
Quarter Date Inventory (units) Unit Market Value Cost of Goods Sold
1 March 31, 20X1 1,770 $ 885 $1,543,450 2 June 30, 20X1 1,480 930 $1,373,400 3 September 30, 20X1 1,340 840 $1,113,200 4 December 31, 20X1 990 870 $848,300
(1) Cost of Goods Sold for Each Quarter:
Quarter Date Inventory (units) Unit Market Value Cost of Goods Sold
1 March 31, 20X1 1,770 $885 $1,000 2 June 30, 20X1 1,480 930 $1,000 3 September 30, 20X1 1,340 840 $1,000 4 December 31, 20X1 990 870 $900
(2) Total Cost of Goods Sold:
Beginning Inventory: 3,100 units x $900 = $2,790,000
Purchases: 0 units x $0 = $0
Total Cost of Goods Available for Sale: $2,790,000
Less Ending Inventory: 990 units x $900 = $891,000
Cost of Goods Sold: $1,899,000
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an increase in capital inflows in the united states will result in a(n) _____ foreign currency and a(n) _____ the u.s. dollars in the foreign exchange market.
An increase in capital inflows in the united states will result in an increase in the supply of foreign currency and an increase in the demand for u.s. dollars in the foreign exchange market.
What is the market?The entire number of buyers and sellers in the area or region under consideration is referred to as the market. Earth, as well as several nations, regions, states, and cities, may be the subject. The worth, expense, and cost of the goods traded depend on the forces of supply and demand in the market.
The demand for both tradable and nontradable goods increases as a result of capital inflows, which also raises the relative price of market nontradables and increases the real exchange rate. This is required in order to redirect domestic resources into the production of nontradable in order to satisfy the rising demand.
Therefore, A rise in the foreign currency market's demand for US dollars.
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The inability to complete which of the following activities most likely would prevent an accountant from accepting and completing an engagement for a review of financial statements performed in accordance with Statements on Standards for Accounting and Review Services? Performing inquiries and analytical procedures.
Performing inquiries and analytical procedures is an essential part of a review of financial statements performed in accordance with Statements on Standards for Accounting and Review Services.
Without the ability to perform these procedures, an accountant would not be able to adequately review the financial statements. Without the assurance that the financial statements are accurate and reliable, the accountant would not be able to accept or complete the engagement.
Financial statements are written records that convey the business activities and the financial performance of a company. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes.
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residential collateralized mortgage obligations (cmos) issue securities in tranches. all of the following statements are correct except: ch20
The following propositions are all true, with the exception of The tranches are made to enable the issuer to sell the pool in the secondary market of time by selling one tranche initially, followed by another later, and so on.
A pool of mortgages that have been bundled together and marketed as an investment make up a collateralized mortgage obligation (CMO), a type of mortgage-backed instrument. The mortgages that serve as collateral for these securities are repaid by borrowers, and cash flows are distributed to CMOs according to maturity and risk level. According to established guidelines and agreements, CMOs then give their investors principle and interest payments.
Multiple tranches, or groups of mortgages, arranged according to their risk profiles make up collateralized mortgage obligations. In addition to changes in interest rates, collateralized mortgage obligations are also susceptible to shifts in the economy's fundamentals, including rates of home sales, refinancing, and foreclosures.
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