In periods of rising prices, the inventory method which results in the inventory value on the balance sheet that is closest to current cost is the FIFO method.
A period of rising prices is known as an inflationary period. In an inflationary period, the prices of goods and services increase.
There are three inventory methods:
FIFO method: The first in, first out (FIFO) method assumes that the inventories purchases first are sold first and ending inventory is made up of the goods bought last. LIFO method: The last-in, first-out (LIFO) method assumes that the latest purchased inventories are the first to be sold and ending inventory consists of goods purchased first. The average cost method: this method makes use of the weighted average cost to determine the value of goods sold and ending inventory.The balance sheet records ending inventory. In periods of rising prices, the FIFO method would result in inventory value closest to the current cost in the balance sheet.
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8. You should review the papers in your filing system at least
once a month
once a week
every 6 months
once a year
Answer: every 6 months
Explanation:
what time is it? pls tell meee
Answer:
it is 11.20 am in my phone
HOPE IT HELPS
explain what type of business would fall under a partnership ???
here you go
Explanation:
A partnership is a business shared by multiple owners. It's not a legal business entity, and it doesn't have to be registered with the state. Basically, if you decide to go into business with another person without filing any state paperwork, you're automatically in a partnership
What effect do communication skills have on ability to pursue
Answer:
you. dummy joking I. don't know
explain what type of business would fall under a sole proprietorship?
Answer:
A sole proprietorship is an unincorporated business with only one owner who pays personal income tax on profits earned. Sole proprietorships are easy to establish and dismantle, due to a lack of government involvement, making them popular with small business owners and contractors. Examples of sole proprietors include small businesses such as, a local grocery store, a local clothes store, an artist, freelance writer, IT consultant, freelance graphic designer, etc.
Explanation:
You pay a monthly fee to have telephone service for your business. The amount you pay is the same every month. This is an example of a ________ cost.
Answer:
This is an example of a Fixed Cost.
Answer:
fixed cost
Explanation:
If Puddle Incorporated had total Accounts Receivable at the end of 2019 of $630 million and an allowance for uncollectible accounts of $16 million show the effect of the following in the accounting equation worksheet for 2020:a. Calculate how much customers actually owe to Puddle at the end of 2020.b. Calculate how much is estimated will not be collected by Puddle at the end of 2020.c. State how much expenses increased due to the estimate of uncollectible accounts.d. How much would Puddle show as the amount they actually plan to collect (Accounts Receivable, Net)
a. The amount (Accounts Receivable) that customers actually owe Puddle Incorporated at the end of 2020 is $741 million.
b. At the end of 2020, it is estimated that Puddle Incorporated will not collect (Allowance for Uncollectible Accounts) $22.23 million.
c. Bad Debt Expenses increased to $20.23 million.
d. The amount that Puddle Incorporated will show as the amount that they actually plan to collect (that is the Accounts Receivable, Net) is $718.77 million.
Data and Calculations:
Sales on credit in 2020 = $4,315 million
Collections during 2020 = $4,190 million
Uncollectible accounts written off during 2020 =$14 million
Allowance for uncollectible accounts = 3% of total accounts receivable= $22.23 million ($741 million x 3%)
The following T-Accounts are used to calculate the requirements for a), b), and c) and the amounts are in millions.Accounts Receivable
Account Titles Debit Credit
Beginning balance $630
Sales Revenue 4,315
Cash $4,190
Allowance for Uncollectible 14
Ending balance $741
Allowance for Uncollectible Accounts
Account Titles Debit Credit
Beginning balance $16
Accounts Receivable $14
Bad Debts Expense $20.23
Ending balance $22.23
Bad Debts Expense
Account Titles Debit Credit
Allowance for Uncollectibles $20.23
Accounts Receivable, Net
Accounts Receivable ending balance $741
Allowance for Uncollectible accounts (22.23)
Amount planned to collect $718.77
Thus, Puddle Incorporated plans to collect $718.77 million in 2021 from past sales to customers but may collect more or less.
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Explain how the Fed's monetary policy affects the unemployment level. The Fed's monetary policy -Select- interest rates, which affect the cost of borrowing by households and businesses which in turn, -Select- the demand for products and services. The aggregate demand for products and services -Select- the number of people employed by businesses and therefore -Select- the unemployment level.
Answer:
17
Explanation:
The Downtown Parking Authority of Tampa, Florida, reported the following information for a sample of 250 customers on the number of hours cars are parked.Number of HoursFrequency1202493754455406137583250a-1 Convert the information on the number of hours parked to a probability distribution. (Round your answers to 3 decimal places.)a-2. Is this a discrete or a continuous probability distribution?multiple choiceDiscreteContinuousb-1. Find the mean and the standard deviation of the number of hours parked. (Do not round the intermediate calculations. Round your final answers to 2 decimal places.)b-2. How long is a typical customer parked? (Do not round the intermediate calculations. Round your final answer to 2 decimal places.)c. What is the probability that a car would be parked for more than 6 hours? What is the probability that a car would be parked for 3 hours or less? (Round your answers to 3 decimal places.)
The activities of the Downtown Parking Authority can be represented on a probability distribution table
a-1 Convert the table to a probability distribution
This is calculated as:
[tex]\mathbf{Probability = \frac{f}{Total}}[/tex]
So, we have:
[tex]\mathbf{P(1) = \frac{25}{234} = 0.108}[/tex]
[tex]\mathbf{P(2) = \frac{38}{234} = 0.162}[/tex]
[tex]\mathbf{P(3) = \frac{51}{234} = 0.218}[/tex]
And so on.
So, the table is:
[tex]\mathbf{\left[\begin{array}{ccc}x&f&P(x)\\1&25&0.108\\2&38&0.162\\3 & 51 & 0.218 & 4 & 45 & 0.192 & 5 & 20 & 0.085 & 6 & 14 &0.06 & 7 & 5 & 0.021 & 8 & 36 & 0.154 \end{array}\right] }[/tex]
a-2 The distribution type
The number of hours is from 1 to 8, and all are given in whole numbers.
Discrete probability distributions are represented by whole numbers.
Hence, the distribution is a discrete continuous probability distribution
b-1. The mean and the standard deviation of the number of hours parked.
The mean is calculated using:
[tex]\mathbf{\bar x = \frac{\sum fx}{\sum f}}[/tex]
So, we have:
[tex]\mathbf{\bar x = \frac{25 \times 1 + 38 \times 2 + 51 \times 3 + 45 \times 4 + 20 \times 5 + 14 \times 6 + 5 \times 7 + 36 \times 8}{234}}[/tex]
[tex]\mathbf{\bar x = \frac{941}{234}}[/tex]
[tex]\mathbf{\bar x = 4.02}[/tex]
The standard deviation is calculated as:
[tex]\mathbf{\sigma = \sqrt{\frac{\sum f(x - \bar x)^2}{\sum f}}}[/tex]
So, we have:
[tex]\mathbf{\sigma = \sqrt{\frac{25 \times (1 -4.02)^2+ 38 \times (2 -4.02)^2 + 51 \times (3 -4.02)^2 +.............+ 36 \times (8 -4.02)^2}{234}}}[/tex]
[tex]\mathbf{\sigma = \sqrt{\frac{1124.8936}{234}}}[/tex]
[tex]\mathbf{\sigma = \sqrt{4.80723760684}}[/tex]
[tex]\mathbf{\sigma = 2.19}[/tex]
Hence, the mean is 4.02 and the standard deviation is 2.19
b-2. How long is a typical customer parked?
This is the mean of the distribution.
In (a), we have:
[tex]\mathbf{\bar x = 4.02}[/tex]
Hence, a typical customer is parked for 4.02 hours
c-1. The probability that a car would be parked for more than 6 hours
This is calculated as:
[tex]\mathbf{P(x > 6) = P(7) + P(8)}[/tex]
So, we have:
[tex]\mathbf{P(x > 6) = 0.021 + 0.154}[/tex]
[tex]\mathbf{P(x > 6) = 0.175}[/tex]
Hence, the probability that a car would be parked for more than 6 hours is 0.175
c -2. The probability that a car would be parked for 3 hours or less?
This is calculated as:
[tex]\mathbf{P(x \le 3) = P(1) + P(2) + P(3)}[/tex]
So, we have:
[tex]\mathbf{P(x \le 3) = 0.108 + 0.162 + 0.218}[/tex]
[tex]\mathbf{P(x \le 3) = 0.488}[/tex]
Hence, the probability that a car would be parked for 3 hours or less is 0.488
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what is the place where investments are bought and sold called?
A stock exchange is a place where stocks are bought and sold. This is known as trading stocks. A stock exchange can be a real, physical location (the building where trading takes place), but it can also be more of an idea, too.
common approaches to pricing are oriented around which four elements?
Profit, Competition, Cost and Demand are the element which the approaches for pricing fixing are oriented around.
Pricing refers to the process of determining the value that a producer will receive in the exchange of services and goods produced with final consumers or middle men.
The aim of generating profit is one of the element considered for price fixing.Competition levels with other companies in the industry will influence price fixing because consumers pocket have to be considered.Level of Cost incurred during production of the goods and services also play a great role in price fixing.Demand from the market also influence price setting on a product.Read more on this here
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A person who buys a used car with the money earned from working a part- time job is influenced by what factor? A. Income B. Social pressure C. Age D. Advertising
Answer:
A income
Explanation:
hope it's helpful to you
A person who has a used car with the money earned from working a part-time job is influenced by income factors. Thus, option A is correct.
What is buy?
The term buy can mean that there is some sort of transaction that has happened between two or more parties. after buying a product or a thing, the buyer obtains custody, possession, or authority to utilize something in exchange for money in particular
As the person has worked hard and done some kind of part-time job that he has been doing it on the temporary basis and that person was doing various things too.
As the money is earned by himself, he brought the car from the money that he has earned by himself and this is money can be termed as the income earned by doing a job. Therefore, option A is the correct option.
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are Investments guaranteed to generate profit
Money held in a bank is generally protected by the Federal Deposit Insurance Corporation, and the U.S. government has yet to fail to meet an interest payment or fully redeem a maturing bond. Yet, yield often correlates with risk. ... But it's not going to guarantee you a real money return.
What are three causes and effects of the haymarket square riot
11. Which of the following is NOT a step of the employment process in the Human Resources
department according to the segment?
A. Assess employment needs
B. Recruit potential employees
C. Select employee who fulfills goals
D. Negotiate salary and benefits of new hires
Answer:
A Assess Employee Needs
50 points !!!!! Please help me!!! This is about Simple path to wealth by JL Collins
Answer:
sorry need koren po ng point kasi mag a ask lang din nmn po ako thnks po:(
When Tyler, a veteran, started his business, he knew he had to keep costs to a minimum and he worried about taxes. He planned to build and distribute safety goggles for construction workers and military personnel. He realized most of his business would not be through walk-in customers but rather large orders from companies. He chose to locate in a government-subsidized area called a(n) __________, where he would receive tax breaks and other government support.
Tyler chose to locate his business in an area which government offer subsized tax rate and tax break in other favor job creation called an enterprise zone.
Areas which are specially offered subsidized rate of taxes in other encourage economic development of such geographical area are called enterprise zone.
In other ensure that companies locate their offices in this zones, government offers support and gives other enticing offers in other to promote job creation in such environment.
Therefore, government - subsidized rates are enjoyed in enterprise zones.
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the legal document identifying the rights and obligations of both the bondholders and the issuer is called the bond ______. this document describes the number of bonds authorized, their par value, and the contract interest rate.
Answer:
Bond indenture
hope it's correct
Activities involved in buying and selling goods on a large scale.
a) gross domestic product
b) inflation rate
c) labor force
d) business cycle
e) recession
f) monopoly
g) fiscal policy
h) monetary policy
i) commerce
j) price fixing
Answer:
I think answer is price fixing
One reason we have seen continued growth in home-based businesses is:________
a) it is less risky to start a home-based business than other types of entrepreneurial ventures.
b) affordable technology makes it easier to compete.
c) the location offers a more secure operational environment.
d) people need something to do while they wait to return to work for a large corporation.
Answer:
a
Explanation:
plz help
explain why the scene below fail to meet basic workshop safety standards.
Answer:
they didn't have a first aid kit
Explanation:
a first aid kit is a very inport must have
What would happen if you had $30 in your checking account and you tried to take out $45 at the grocery store using your debit card?
Answer:
I believe that the transaction would fail giving you some text similer to "Transaction failed, please try again." or "Insufficient funds."
What is social democracy? Describe it.
Answer:
democracy refers to the system in which government representatives are choosedand elected by general public.
Answer:
Social democracy is a government system that has similar values to socialism, but within a capitalist framework.
People often misread body language, so you should : _____________
a. stand behind a podium and grip it to keep from waving your hands.
b. pay attention to your audience members and adjust your presentation based on their reactions.
c. plan your gestures ahead of time, the way you would choreograph a dance.
d. avoid making gestures as much as possible.
e. smile as much as possible to show that you have good intentions.
Answer:
b
Explanation:
The
the unemployment rate, the
worse the economy.
A. lower
B. higher
C. more stagnant
Answer:
a
Explanation:
less people working less people to distribute their products
Firms and industries producing capital goods are affected most by the business cycle and the negative effects of a recession because purchases of capital goods ______. Multiple choice question. cannot be postponed are made frequently are typically unexpected can be postponed
Firms and industries producing capital goods are affected most by the business cycle and the negative effects of a recession because purchases of capital goods can be postponed.
A country is in recession when the GDP of the country for two consecutive quarters is negative. A business cycle is a cycle of growth and decline in the economy.
When a country is in a recession or at a trough in the business cycle, there is usually a low level of economic activities. As a result, there is a decline in the demand for capital goods. On the other hand, the demand for consumer goods cannot be postponed. As a result, consumer goods are not as negatively affected by a recession as much as capital goods.
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openstax Michael Bronner made a killing in the direct marketing business as the cofounder and CEO of Bronner Slosberg Humphrey, a wildly successful direct-marketing firm. His newest venture, Upromise Inc., enlists some of America's largest corporations to help families pay for college and is extremely successful. The 40-year-old Bronner will more than likely start at least one more new company before he retires because Bonner is a(n): Group of answer choices
Michael Bronner is a multipreneur in that he is participating in multiple ventures at the same time as co-founder and CEO of Bronner Slosber Humphrey, a new venture Upromise Inc, and there's still information that he can start one more company before he retires.
A multpreneur is an individual who works in several different businesses at the same time, requiring the administration and management of multiple businesses, which requires a lot of dedication.
Generally, multipreneurs are entrepreneurs who already have a successful business, so the opening of new businesses is the chance for greater opportunities to apply capital and be successful in other fields.
To be an entrepreneur and a multipreneur it is necessary to:
Dedication.Time management.Be creative and innovative.Have communication skills.Be patient.Have negotiation skills.Therefore, to be a multipreneur it is necessary to have vision and initiative to see market opportunities and consumption trends that can be successful.
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Inflation indicates that
unemployment is falling
unemployment is rising
the Consumer Price Index is falling
the Consumer Price Index is rising
Answer:
the Consumer Price Index is rising
Explanation:
The CPI measures the rate of inflation, which is one of the greatest threats to a healthy economy. Inflation eats away at your standard of living if your income doesn't keep pace with rising prices—your cost of living increases over time. A high inflation rate can hurt the economy.
Answer:
C
Explanation:
A certificate of deposit offers a nominal interest rate of 3.5 percent annually.
If inflation is 1.5 percent, what is the real rate of return?
A. 1 percent
B. 1.75 percent
C. 2.5 percent
D. 2 percent
Answer: "2 percent"
Explanation:
Just took the test, ANSWER is DEFINITELY "2 percent"
The real rate of return is 2%. Thus the correct option is (D).
What is real rate of return?The real rate of return refers to the return which is got after the deduction of the taxes and inflation.
For the calculation of real rate of return formula is used. So the formula for real rate of return is as follows:
Real rate of return = 1+N/1+i -1
In which N is the nominal rate and i is the inflation rate. A certificate of deposits provide the interest rate of 3.5% annually and inflation is 1.5%
Thus N is 0.035 and inflation (i) is 0.015.
So the real rate of return is:-
R = 1+N/1+i -1
R = 1+ 0.035/1+0.015 -1
R = 1.035/1.015 -1
R = 1.0197 -1
R = 0.0197
0.0197*100= 1.97~ 2%
Thus the real rate of return is 2%. The correct option is (D).
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you have to talk about trade between different nations,Look around your room or in your house and find five different objects and identify where they were made. In at least 100 words, discuss how you have personally benefited from trade and provide at least 2 examples. Identify 1 positive impact of trade on your life and 1 way that you have been negatively impacted also. you have to talk about trade between different nations
Answer:
hi u can be my friend
Explanation:
old plz