The comparison is inadvisable because companies may use different accounting methods which may cause the turnovers to vary significantly.
What is the use of inventory turnover?The financial ratio is a tool that is used to know many times that a company has sold and replaced inventory during a given period.
However, because different companies use different accounting methods which may cause the turnovers to vary significantly, the decision is not advisable.
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It is more useful to compare a company's inventory turnover with its own results from prior periods than with other companies' ratios because companies may use different accounting methods which may cause the turnovers to vary significantly.
What are inventory and Inventory turnover?
Inventory is a raw material used in the production of finished goods or inventory is a finished goods ready for sale. To a manufacturer of chocolate, cocoa is an inventory; To the owner of a supermarket that sells chocolate, chocolate is an inventory. Inventory is a current asset.
Inventory turnover is the number of times a company sells its products. Inventory turnover in for an owner of supermarket will be higher than a manufacturer of automobiles.
To calculate inventory turnover: Cost of goods sold/average average
Why it is not good to compare inventory turnover with another comp[any?
We have 3 main types of computing inventory -
FIFO (First In, First Out)LIFO (Last In, First Out)WAC (Weighted Average Cost)And different companies can use any of the above to compute its closing inventory
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My bank accidentally deposited $10k in my account. I reported it, then moved it to my savings account. Have i done enough?.
The right decision would have been leaving it in the bank account so that the bank can deduct it after they discovered the error.
What is the norm about the accidentally deposit?Normally, when there is an accidentally deposit , the bank will remove the duplicate transaction.
Hence, It is important not to spend the accidental deposit but rather, one can contact the bank right away and report the error.
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If a court orders the agent to return funds earned as a result of breaching their duty of loyalty to the principal, this is known as_____.
If a court orders the agent to return funds earned as a result of breaching their duty of loyalty to the principal, this is known as Disgorgement.
What is Disgorgement?A remedy demanding the forfeiture of any profits made as a result of an individual's illegal or unjust activity by a person who benefits from such conduct. This solution's main goal is to stop unfair enrichment contracts. In order to prevent unfair enrichment, the court may order a defendant to forfeit whatever income they made as a result of wrongdoing or illegal activity.This equitable remedy is called disgorgement. The plaintiff need not have endured any sort of damages in order to receive disgorgement. The defendant must have been negligent in order for the plaintiff to seek disgorgement for the harm sustained.Disgorgement is an option for a contract breach, but only under unusual circumstances
Hence, Disgorgement is the legal term for when a court compels an agent to repay the money they earned for failing to uphold their duty of loyalty to the principal.
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Patrick and Kathy bought a home for $250,000 three years ago and sold it this year for $225,000. What is the deduction they can take for the loss on the sale
An amount of $0 will be the deduction they can take for the loss on the sale.
Is there deduction for loss as taxes?The will be no deduction on loss on sales because it is considered a nondeductible personal expense.
Hence, one can only deduct losses on the sale of property used for business or investment purposes.
Therefore, an amount of $0 will be the deduction they can take for the loss on the sale.
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Supply-side fiscal policies focus on shifting the long-run aggregate supply curve to the right, resulting in a _____ price level and _____ unemployment.
Supply-side fiscal policies focus on shifting the long-run aggregate supply curve to the right, resulting in a stabilize price level and reduce unemployment.
Through adjustments to government expenditure and taxation, fiscal policy affects aggregate demand. These elements have an impact on employment and household income, which in turn affect consumer spending and investment.The amount of money in an economy changes as a result of monetary policy, which also affects interest rates and inflation.Concentrate on moving LRAS to the right to
Encourage growth Lower unemployment Stabilize the market Has a slower economic impact than initiatives that raise ADWhat shifts long run aggregate supply?Changes in Long-Run Aggregate Supply. The position of the long-run aggregate supply curve is determined by the aggregate production function and the demand and supply curves for labor. A change in any of these will shift the long-run aggregate supply curve.Learn more about aggregate supply brainly.com/question/24319248
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Statutes of limitations Group of answer choices define how much money the injured party can sue for under a breach of contract claim. define whether there has been substantial performance of a contract or a material breach. limit the time in which an injured party may sue. only apply to the sale of goods. There is no statute of limitations on a service contract.
limit the time in which an injured party may sue. only apply to the sale of goods.
The length of time allowed under a statute of limitations varies depending upon the severity of the offense as well as the jurisdiction it is being disputed.
Federal law says that the general 5-year statute of limitations applies in every case unless there is a specific code section that extends the statute of limitations for that particular offense.
What is Statue of Limitations ?A statute of limitations is a law that sets the maximum amount of time that parties involved in a dispute have to initiate legal proceedings from the date of an alleged offense, whether civil or criminal.
Cases involving severe crimes, like murder, typically have no maximum period.Learn more about Statue of Limitations here:
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Alex manages a grocery store in a country experiencing a high rate of inflation. To keep up with inflation, he spends a lot of time every day updating the prices, printing new price tags, and sending out newspaper inserts advertising the new prices. His employees regularly deal with customer annoyance over the frequent price changes. This is an example of the of inflation.
Menu costs.
What Exactly Does Inflation Mean?
A measure of purchasing power is inflation. It is described as the rate of change in goods and service prices over a predetermined time period (usually a year). Simply put, consumer spending decreases when inflation increases because people can no longer afford to make as many purchases. Demand-pull inflation, cost-push inflation, and inherent inflation are the three basic sources of inflation.
The beneficiaries of inflation?
Borrowers gain from inflation because it enables them to repay lenders with money that is now worth less than it did when they first borrowed it. When inflation raises prices, there is a greater demand for loans, which leads to higher interest rates that are advantageous to lenders.
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_____ is the degree to which the company's existing practices, resources and capabilities fit the new market.
Corporate Fit
It has two dimensions:
Human Resource practices- This is the practices which are most important in any organization. It is based on company goals, legal compliance requirement & it involves strategic operations of HR. There practice mainly provides for managing employees and coordinating with business plan.Risk Tolerance- Risk tolerance is taken place when an investor is willing & had the capability to to handle the amount of loss while making investment decision.
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In a linear production function, inputs are Multiple choice question. normal goods. perfect substitutes. inferior goods. perfect complements.
An input are considered a perfect substitutes in a linear production function.
What is a perfect substitutes?As the factors of production are known as the inputs used to produce an output, the perfect substitutes means the item that can be used in exactly the same way as the good or service it replaces.
Hence, in the linear production function, the input are considered as a perfect substitutes.
Therefore, the Option B is correct.
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Based on the operant approach, the bonus that SkyBlue is offering for employees who hit certain goals is considered a(n) __________ reward.
Based on the operant approach, the bonus that SkyBlue is offering for employees who hit certain goals is considered a(n) Contingent reward. This is further explained below.
What is a Contingent reward.?Generally, Employees and followers might be motivated to perform better and reach their objectives with the help of contingent incentives. Bonuses, accolades, and higher ranks are all part of this.
In conclusion, From an operant perspective, SkyBlue's bonus for meeting targets is a Contingent reward.
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A lack of _______________ on the board, was a common trait of financial institutions requiring a bailout during the 2008 recession.
A lack of subsequent subprime mortgage meltdown on the board was a common trait of financial institutions requiring a bailout during the 2008 recession.
In 2008, the United States faced the worst financial crisis since the Great Depression. The financial crisis then led to a sustained economic contraction, the Great Recession, whose effects spread to the entire world economy. Many books and treatises have been written on the causes and impacts of the 2008 and 2009 financial crises of
This volume provides an overview of the FDIC experience from 2008 to 2013. During this period, we faced a crisis that overlapped with two interconnected.
First, the financial crisis of 2008 and 2009 threatened all types of large financial institutions, both inside and outside the traditional banking system, thereby endangering the financial system itself. Second, the banking crisis began in 2008 and continued until 2013, with a rapid increase in the number of troubled or unsuccessful insured depositors.
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Can someone Plss answer this question for me
1) Imagine you are the Chairman of the Federal Reserve facing the following scenario:
The economy is at full employment. Unemployment is low, but prices are rising at a
rate of 5% per quarter (every 3 months).
In a paragraph, explain what monetary policy action you would take. Be sure to describe both your
actions and what effects they will have on the economy.
If I were the Chairman of the Federal Reserve, I would take steps to curtail the rising inflation. I would achieve this by carrying out a open market sale. This would reduce the supply of money in the economy and reduce inflation.
What is an open market sale?
Open market sale is a type of contractionary monetary policy. Contractionary monetary policy are steps taken by the government to reduce the supply of money in the economy.
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GIVING BRAINLIEST!!!!!!! AND 35 POINTS!!!!!!!!!
The table below reports the actual inflation rate from 2016 to 2020. Complete the table, assuming people form expectations adaptively. Give all answers to two decimals.
Look back at the table. Assuming people form expectations adaptively, which of the following statements are correct?
The correct options are B). when inflation is increasing from year to year, people tend to overestimate inflation, D), Monetary policy can reduce unemployment only if the policy is expected and E). when inflation is decreasing from year to year, people tend to underestimate the inflation.
What is adaptive expectations?Adaptive expectation is an economic theory that gives the importance to the past events for the predictions of the future outcomes.
Solution:-
Year Actual Inflation rate Expected Inflation rate Error
2016 3% 3% 0%
2017 5.00% 3% 2.00%
2018 6.50% 5.00% 1.50%
2019 4.50% 6.50% 2.00%
2020 3.50% 5.50% 2.00%
Adaptive expectation states that if inflation increased in the past year, people will expect higher rate of inflation in the next year.
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The Starr Co. just paid a dividend of $2.15 per share on its stock. The dividends are expected to grow at a constant rate of 5 percent per year, indefinitely. If investors require a return of 11 percent on the stock, what is the current price
The current price is the most recent selling price of a stock, currency, commodity, or precious metal that is traded on an exchange and is the most reliable indicator of that security's present value.
According to the Question.
The Current Price would be $37.63
Investors and analysts use a variety of techniques to figure out the intrinsic value of common stock. A common technique is dividend discounting, which uses the needed rate to reduce the cash dividend.
Calculation for the current priceCurrent Price = Dividend × ( 1 + Growth Rate )
Return - Growth Rate
Current Price = $2.15 × ( 1 + 5% )
11% - 5%
Current Price = $2.15 × 1.05
6%
Current Price = $2.2575
0.06
Current Price = $37.63
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On average, consumers spend only about _______________ seconds deciding to buy one brand as opposed to another branded option from the same product category. On average, consumers spend only about _______________ seconds deciding to buy one brand as opposed to another branded option from the same product category.
On average, consumers spend only about 13 seconds deciding to buy one brand as opposed to another branded option from the same product category.
What is consumer purchase behavior?This is the term that is used to refer to the behavior of the buyers and consumers of products and the way they make there decisions to buy.
It is said that they spend 13 seconds in making the decision to buy a different brand.
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_______________________ that require the depositor to commit to leaving their funds in the bank for a certain period of time, in exchange for a higher rate of interest are also called ________________.
Answer:
A certificate of deposit; a time deposit
Explanation:
The Compliance with Standards Rule requires CPAs to adhere to all of the following applicable standards, except: Multiple Choice Statements on Standards for Consulting Services. Statements on Auditing Standards. Statements on Standards for Attestation Engagements. Statements on Responsibilities for Assurance Services.
The Compliance with Standards Rule requires CPAs to adhere to all of the applicable standards, except statements on Responsibilities for Assurance Services. Thus the correct answer is D.
What is CPA?CPA refers to a Certified Public Accountant who has achieved expertise in accounting with the help of education, experience, and talent. They help people to achieve their business goals to get financial stability.
CPA adheres to consulting services, providing auditing standards, providing statements on standards of attestation engagements. This helps to evaluate the records related to finance while preparing for returns on taxes and reports related to budgets for the clients.
Therefore option D Statements on Responsibilities for Assurance Services is the appropriate answer.
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When the price of hot dogs decreases, what happens in the market for the complementary good of hot dog buns?.
Mitchell's employer offers a program, not attached to an insurance plan, which allows employees to save pre-tax dollars to cover certain medical costs. What type of program is this
This is a program of flexible spending accounts.
A flexible spending account (also known as a flexible spending arrangement) is a special account that puts the money you use to pay for certain medical expenses out of your pocket. There is no tax on this money. That means saving an amount equal to the tax you would have paid for the money you set aside.
Employer agreement. You can pay a lot of medical expenses in tax-exempt dollars. Permissible costs include insurance out-of-pocket and deductions, eligible prescription drugs, insulin, and medical devices.
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In Thailand, it is required that any milk product sold in the country by a foreign company must use the milk that is at least 50 percent produced by Thai dairy farmers. What economic risk is faced by the international producers of milk products in this situation? tax controls export restrictions exchange controls price controls local-content laws
The multinational producers of milk products are exposed to an economic risk due to local-content laws in this circumstance.
What do local content laws cover?These regulations state that a corporation must obtain a predetermined percentage of the ultimate cost of a good or service from domestic companies, either through local purchases or local production or development of the good or service. LCRs are a tool used by governments in an effort to safeguard and advance domestic industry.
What sort of local content requirement might there be?A preference for qualified locals when hiring is an illustration of a fairly standard local content criterion. Some nations may mandate the employment of its citizens at a certain percentage.
An Union local content law: what is it?Local content requirements (LCRs), which are rules enforced by governments and compel businesses to use domestically produced goods or domestically supplied services in order to operate in an economy, are the measure with the fastest growing adoption rate.
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Who should be responsible for establishing the credit limit for new customers, or increasing an existing customer's credit limit
I wish I can help but I can't sorry
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A cost that remains unchanged in total over a wide range of activity, but jumps in total when the range limit is reached is a ______ cost
A cost that remains unchanged in total over a wide range of activity, but jumps in total when the range limit is reached is a fixed cost.
Fixed costs, sometimes referred to as indirect costs or overhead costs in accounting and economics, are costs incurred by a corporation that are independent of the volume of goods or services the company produces. They frequently occur again and again, like monthly rent or interest payments. They frequently also count as capital expenses.
When a cost is referred to as fixed, it means that it doesn't fluctuate based on how many products or services are produced or sold. Costs associated with a company's operations that must be covered regardless of the company's specific operations are known as fixed costs.
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What is the significance of re-conceptualizing the data provided by the UCR relating to the facilitators and barriers to reporting
Significance of re-conceptualizing the data provided by the UCR is to providing great overview of trends in crime.
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The FBI compiles information on crimes in the US for the Uniform Crime Report. All local law enforcement agencies inform the FBI of these crimes. consists of 8 index offenses. More than 18,000 city, university and college, county, state, tribal, and federal law enforcement entities have provided data to the UCR Program. Agencies voluntarily join and report their crime statistics to the FBI's UCR Program or directly through a state UCR program
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Cashmere Soap Corporation had the following items listed in its trial balance at 12/31/2021:
Currency and coins $ 560
Balance in checking account 3,400
Customer checks waiting to be deposited 2,700
Treasury bills, purchased on 11/1/2021,mature on 4/30/2022 2,000
Marketable equity securities 9,400
Commercial paper, purchased on 11/1/2021,mature on 1/30/2022 4,400
What amount will Cashmere Soap include in its year-end balance sheet as cash and cash equivalents
Answer:
5$
Explanation:
Assembly or production of finished products, producing the right amount of product, and ensuring that finished products meet specific quality, cost, and customer service requirements are all important issues that are most closely related to:
Answer:
Manufacturing
Explanation:
Winchell wrote a contract that involves two separate performance obligations. Winchell cannot estimate the stand-alone selling price of product A. Product B has a stand-alone selling price of $100. The price for the combined product is $120. How much of the transaction price would be allocated to the performance obligation for delivering product A
amount of the transaction price that would be allocated to the performance obligation for delivering product A is $17.1
Given :
Stand alone price of product B = $100
Price of the combined product = $120
To Find :
Stand alone price of product A
Solution :
Transaction price is defined as the amount of consideration expected for the exchange of goods or services to a consumer. A transaction price can be fixed or vary based on timing or performance factors.
Now,
Stand alone price of Product A = 120 - 100 = $20
The allocation ration for the product A and B =
Stand alone price of product A
Stand alone price of product B
20 = 1:5
100
Allocated to the performance obligation for delivering product A =
$120 x 1
1+6
$17.1
So the answer is $ 17.1
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The inflationary spiral explains the causes and effects of high inflation. The spiral usually begins with an increase in demand. What is the direct effect of this increase?.
The inflationary spiral explains the reasons and outcomes of high inflation. The spiral normally starts offevolved with a growth in demand. what's the direct impact of this growth on producers elevating expenses to maintain to make income.
Rate spirals are a macroeconomic theory used to give an explanation for the causal courting among rising wages and rising fees or inflation. The price spiral indicates that rising wages will increase disposable earnings, grow demand for goods, and lift expenses.
Higher expenses boom the demand for better wages, leading to higher manufacturing costs and similarly upward stress on costs, developing a conceptual spiral.
A rate Spiral is a monetary time period that describes the phenomenon of price increases because of rising wages. When people receive wage will increase, they demand greater items and offerings, which ends up in higher charges. Growing wages efficaciously boom overhead fees, that are passed on to purchasers at better expenses. It is basically an everlasting loop or cycle of the regular rate will increase.
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Can I Plss get some help on this
The law of supply illustrates all the quantities of goods that producers are willing and able to sell at every possible price.
What is the law of supply?
The law of supply states that when prices increase, the quantity supplied increases and when price falls, the quantity supplied falls. This shows that price and quantity supplied are positively related. This explains why the supply curve is positively sloped.
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When ________, business firms will collectively supply a lower quantity of output at any given price, and the supply curve will shift to the left.
When cost of production increase business firms will supply lower quantity of output
Effect of production cost on pricesWhen the cost of production increases, producers will tend to produce a lesser quantity of goods and services and this is cause an increase in demand over supply in the open market.,
An increase in demand without a corresponding increase in supply will cause the supply curve to shift to the left.
Hence we can conclude that When cost of production increase business firms will supply lower quantity of output
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he cost approach method Burt used before investing in his new community was highly dependent on his depreciation estimates. As they begin building the homes they realize the guest bedroom in each has a point of entry that prospective buyers do not like in the layout of the house. The depreciation of this design defect is ______.
The depreciation of this design defect is Functional obsolescence
What is Functional Obsolescence?Functional obsolescence is described as "the weakening of functional capacity of a property according to market tastes and norms" in The Dictionary of Real Estate Appraisal, Fifth Edition. In plainer terms, the description essentially says that the property's desirability has decreased, generally as a result of an old feature that is difficult to change or update.Although functional obsolescence is typically connected with decaying buildings or rundown areas, it can also happen in the opposite situation. For instance, a house may have "over-improvements" if the owner renovates and adds features that may not be required.Learn more about Functional Obsolescence with the help of the given link:
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A quota is Group of answer choices an excess of exports over imports. a tax placed on imports. a limit on the quantity of imports. a tax on exports to other countries.
A quota is C) a limit on the number of imports.
A quota is a central authority-imposed change restriction that limits the wide variety of economic value of products that a country can import or export for the duration of a specific period. Nations use quotas in global change to assist regulate the extent of trade between them and other nations.
A quota is a tax levied towards a selected desirable being imported into a country. A quota limits the amount of a good that may be imported into a country. A tariff is a tax placed on an import.
A quota, in worldwide change, is an authorities-imposed limit on the amount, or in fantastic instances the value, of the goods or services that can be exported or imported over an exact period of time.
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