The ending inventory is $817160 and cost of goods sold is $140800.
Ending Inventory:
Using the Dollar-Value LIFO Retail method, the ending inventory can be calculated as follows:
Beginning Inventory: $245,000 x 1.00 = $245,000
Net Purchases: $458,800 x 1.20 = $550,560
Net Markups: $18,000 x 1.20 = $21,600
Ending Inventory: $245,000 + $550,560 + $21,600 = $817,160
Cost of Goods Sold:
The Cost of Goods Sold can be calculated as follows:
Beginning Inventory: $245,000
Net Purchases: $458,800
Net Markdowns: $13,000
Net Sales: $460,000
Cost of Goods Sold: $245,000 + $458,800 - $13,000 - $460,000 = $140,800
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under the investment advisers act of 1940, it is legal for an investment adviser to rebate the commission on a mutual fund sale to a client who has already paid a fee for investment advice keep the commission on a mutual fund sale when the client who purchased the shares has already paid for investment advice reduce a client's advisory fee by any commissions earned on mutual fund sales to that client
Under the investment advisers act of 1940, it is legal for an investment adviser to rebate the commission on a mutual fund sale to a client II & III. Rebating commissions on mutual fund sales is prohibited.
Mutual funds let you pool your cash with other buyers to "together" purchase shares, bonds, and other investments. they are run with the aid of professional cash managers who decide which securities to shop for (stocks, bonds, and so forth.) and promote them. You get publicity for all of the investments within the fund and any profits they generate.
A mutual fund is a pool of cash managed via an expert Fund manager. it's far a consideration that collects cash from some of the buyers who percentage a not unusual investment objective and invests the identical in equities, bonds, cash marketplace gadgets, and/or different securities.
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national bank quotes the following for the british pound and the new zealland dollar quoted bid price quoted ask price
$10,000/$1.62 = £6,172.84 x 2.95 = NZ$18,209.88 x $.55 = $10,015.43. Thus, the profit is $15.43.
A winning strategy is pursued when an organization aims to maintain profits by any means possible. Low profitability allows companies to cut costs, invest less, raise prices, increase productivity, or use other methods to overcome temporary difficulties.
To increase profits, the following strategies can be used: Improving marketing using existing products in the current market. Penetration into new markets. Extended product selection.
Basically, if you sell a product at a high price, you will make a profit, but if you sell it at a low price, you will lose money. The term income statement is basically defined in business terms.
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the specifies the point at which inventory is needed. group of answer choices company inventory policies stockout point reorder point economic order quantity
The quantity at which the ordering cost and carrying cost are minimal and equivalent to one another is known as the economic order quantity. The correct response is c. inventory reorder points.
The amount that the business needs to buy is that amount in order to reduce ordering and storage costs. The following is the calculation formula for it annual demand /2 ordering price carrying expense. The best computer-based information system known as material requisition planning.
(MRP) is primarily used to handle the ordering and scheduling of inventory goods that are based on demand. It offers a timetable of all the components, raw materials, and other finished goods needed for a production process. A schedule of requirements for all parts and end goods is the result of MRP.
complete question:
The specifies the point at which inventory is needed. group of answer choices company inventory policies stockout point reorder point economic order quantity.
a. a schedule of planned orders for all parts and end items.
b. net requirements.
c. inventory reorder points.
d. gross requirements.
e. economic order quantities and reorder points.
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Suppose a dentist is organized as a sole proprietorship. Last year the dentistâs total revenue was $320,000 and total costs were $250,000. The dentist left a job paying $112,00 a year to start the business. According to the information in the scenario above, how much accounting profit did the dentist make last year? a. $112,000 b. -$28,000 c. $70,000 d. $182,000 e. -$42,000
Suppose a dentist is organized as a sole proprietorship. Last year the dentist's total revenue was $320,000 and total costs were $250,000 the dentist left.
The dentist left a job paying $112,000 a year to start the sole proprietorship.Based on the information from the above scenario,how much accounting profit if the owner could work for another company for Rs. 30,000 a year Economic benefit = Total income - Total cost Explicit cost + Implicit cost It is considered an ideal option for small or medium-sized businesses.The following are some of the sole proprietors.
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You are analyzing two possible stock market investment strategies. For each of the following, identify whether or not it would be classified as a fair bet. Would a risk-averse person make either of these investments? Why or why not? a. One strategy is to invest in a blue chip stock like Microsoft that has a proven track record. There is a 25% chance that the company continues its steady growth and your wealth increases by $30,000. There is a 75% chance that the company becomes unprofitable and your wealth decreases by $10,000. b. Another strategy is to invest in a start-up. There is a 10% chance that the company is a success and your wealth increases by $100,000. However, there is a 90% chance that the company fails and your wealth decreases by $20,000. a
I would prefer not to invest in any of the stated strategies.
Following are the reasons for not investing in any of the conditions.
a. This is not a fair bet. A risk-averse person would not make this investment because the 75% chance of losing $10,000 outweighs the 25% chance of gaining $30,000.
b. This is also not a fair bet. A risk-averse person would not make this investment because the 90% chance of losing $20,000 outweighs the 10% chance of gaining $100,000.
A purchase made with the intention of creating income or capital growth is known as an investment. An asset's value increasing over time is referred to as appreciation. When a person invests in a good, they do not intend to utilise it as a source of immediate consumption, but rather as a tool for future wealth creation.
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Use the following project status information to calculate each of the requested EVM numbers below (a-i). The project status is reported at the end of week 13.
Task
Budget Cost
Budget Duration
Status as of Week 13
A
$5,000
2 weeks
100 percent complete, $5,000
B
$8,500
3 weeks
100 percent complete, $9,000
C
$15,000
4 weeks
75 percent complete, $14,000
D
$10,000
4 weeks
50 percent complete, $9,000
E
$12,000
4 weeks
Not started
F
$15,000
5 weeks
Not started
a. Planned value
b. Actual cost
c. Cost variance
d. Schedule variance
e. Cost performance index
f. Schedule performance index
g. Budget at completion
h. Estimate to complete
i. Estimate at completion
The Calculated answer for each of the requested EVM numbers is given below :
a. Planned value:
Task A: $5,000
Task B: $8,500
Task C: $15,000
Task D: $10,000
Task E: $12,000
Task F: $15,000
Total planned value: $65,500
b. Actual cost:
Task A: $5,000
Task B: $9,000
Task C: $14,000
Task D: $9,000
Task E: $0
Task F: $0
Total actual cost: $37,000
c. Cost variance:
Task A: $0
Task B: $1,000
Task C: $1,000
Task D: $1,000
Task E: $0
Task F: $0
Total cost variance: $3,000
d. Schedule variance:
Task A: 0
Task B: 0
Task C: -25%
Task D: -25%
Task E: 0
Task F: 0
Total schedule variance: -25%
e. Cost performance index:
($37,000 / $65,500) = 0.56
f. Schedule performance index:
(13 weeks / 15 weeks) = 0.87
g. Budget at completion:
$65,500
h. Estimate to complete:
Task E: $12,000
Task F: $15,000
Total estimate to complete: $27,000
i. Estimate at completion:
($37,000 + $27,000) = $64,000
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on july 1, 2019, farm fresh industries purchased a specialized delivery truck for $219,000. at the time, farm fresh estimated the truck to have a useful life of eight years and a residual value of $27,000. on march 1, 2024, the truck was sold for $88,000. farm fresh uses the straight-line depreciation method for all of its plant and equipment. partial-year depreciation is calculated based on the number of months the asset is in service.
Farm Fresh Industries will use the straight-line depreciation method to calculate the depreciation expense for the specialized delivery truck.
This method calculates the depreciation expense by taking the cost of the asset (219,000) minus the estimated residual value (27,000) and dividing it by the estimated useful life of the asset (8 years). This amounts to an annual depreciation expense of $22,125.
Since the truck was sold on March 1, 2024, it was in service for 5 years and 3 months. To calculate the partial-year depreciation, the annual depreciation expense of $22,125 is multiplied by the proportion of the year the truck was in service, which is 5.25/8 (or 0.65625). This amounts to a partial-year depreciation of $14,539.
When the truck was sold for $88,000, Farm Fresh Industries would book a gain or loss on the sale of the truck. This is calculated by subtracting the sale price (88,000) from the book value of the asset at the time of sale. The book value is calculated by subtracting the total accumulated depreciation from the asset’s cost.
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a company reports net sales of $10,000; cost of goods sold of $3,000; and operating expenses of $4,000. gross profit on sales is $ multiple choice question. 3,000 14,000 6,000 7,000 13,000 17,000
Answer:
3000
Explanation:
10,000=3000+4000+X
10,000-3000-4000=7000
lillian applies for a job as the chief financial officer (cfo) of delco corporation. lillian is excited about the opportunity and feels that she has a pretty good chance of getting the position. just to make sure, lillian decides to explore the backgrounds of the decision-makers at delco. if lillian knows their interests, she thinks that might increase her chances of making a good impression in the final interview. the decision-makers who will decide whether or not lillian gets the cfo position at delco corporation include: a. the shareholders of Delco Corporation.
b. the board of directors.
c. the chief executive officer, secretary, and treasurer of Delco Corporation.
The decision-makers who will decide whether or not Lillian gets the cfo position at delco corporation include: b) the board of directors.
Who are the board of directors in a company?The board of directors is the term that is used to refer to the body that would be in the governing council of a company. The members of the board of directors are usually known to be chosen by those that are in the shareholders position in the company. They are those that have invested in the business.
One of the functions that they help to carry out in the business is that they help to oversee the management of the business that is done in the company and they also carry out management services in the company.
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consider a bond with a 4% annual coupon and a face value of $1,000. complete the following table. what relationships do you observe between years to maturity, yield to maturity, and the current price?
The relationships you observe between years to maturity, yield to maturity, and the current price is $1038.83.
Annual coupon=1000×4%=$40
a) Years to maturity=2, YTM=2%
Current Price of bond=40×(P/A,0.02,2)+1000×(P/F,0.02,2)
(P/F,0.02,2)=`1/(1+0.02)² = [tex]\frac{1}{1.0404}[/tex] =0.961169
Current Price of bond=40×1.941561+1000×0.961169=$1038.83
In psychology, adulthood can be operationally described as the level of psychological functioning (measured thru requirements just like the Wechsler Intelligence Scale for children) you can reap, and then the level of psychological functioning now not increase tons with age. however, past this, integration is also a thing of maturation, consisting of the mixing of persona, where the behavioral patterns, reasons, and other traits of a person are step by step added together, to paintings together correctly with little to no conflict among them, as an organized entire.
The repute of adulthood is distinguished through the shift far away from reliance on guardianship and the oversight of an adult in choice-making acts. maturity has distinct definitions throughout criminal, social, nonsecular, political, sexual, emotional, and highbrow contexts.
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walter builds birdhouses. he spends $5 on the materials for each birdhouse. he can build one in 30 minutes. he is semi-retired but earns $8 per hour at the local hardware store. he can sell a birdhouse for $20 each. refer to scenario 13-11. an economist would calculate the total cost for one birdhouse to be a. $13. b. $5. c. $9. d. $8.
According to an economist, the total cost for a single birdhouse for Walter, would be c. $9.
How to find the total cost ?In economics, the total cost of building something takes into account both the explicit and the implicit cost. The explicit cost is the accounting cost which in this case is the $5 for building the birdhouse.
The implicit cost is the amount that Walter could have earned if he was working at the local hardware store which is
= 8 per hour / 2
= $ 4 every 30 minutes
The total cost is :
= 5 + 4
= $ 9
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Consider the list of situations below faced by an imaginary
country that is suffering an economic crisis. Classify each situation as either a result of discretionary fiscal policy or an automatic stabilizer in the economy.
I. Higher government spending in unemployment benefits due to a rise in the number of unemployed people
II. A decrease in tax collection due to a decrease in business profits
III. Higher public spending due to the introduction of a new emergency credit line for businesses, subsidized by the government
IV. Smaller tax revenue resulting from an increase in the amount of households that fall under the poverty line
V. Smaller tax revenue due to the approval of a bill that provides tax cuts for small businesses
Answer: Situations III and V are discretionary fiscal policy, and I, II and IV are automatic stabilizers
Answer is A. Automatic stabilizers are automatic and not actively done by government. It occurs due to economic activities.
Discretionary fiscal policy made by government in which government spending's and taxes are proposed.
Higher spending due to unemployment benefits is automatic stabilizer because unemployment occurred due to economic activity and government played no role in creating unemployment.
Decrease in tax collection is also due to economic activity not by government policy. So it is also automatic stabilizer.
Introduction of a new emergency credit line for business is a policy of government so it is discretionary fiscal policy.
Smaller tax collection due to poverty is automatic stabilizer.
Approval of a bill have resulted in smaller tax collection. So it is discretionary fiscal policy.
So approval of bill and new emergency credit line for businesses is discretionary fiscal policies and all others are automatic stabilizers.
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when mike buys euros through _____ , he will use his u.s. dollars to pay for them. group of answer choices
When Mike buys Euros through the foreign exchange market, he will use his U.S. Dollars to pay for them. The correct answer is A.
Foreign exchange market, Forex or FX is a decentralized and Over The Counter (OTC) market of global currencies where foreign exchange transactions of buying and selling or conversion of various different currencies occur. The price of the currencies in the foreign exchange market is determined by the supply and demand or by the buying and selling pressure of the currencies, as well as the inflation, public confidence, government or the central bank regulations, and political and economic stability of a country.
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Your question seems to be incomplete, but I suppose your question was:
"When mike buys euros through _____ , he will use his U.S. Dollars to pay for them. group of answer choices
A. the foreign exchange market
B. the currency exchange market
C. a floating exchange market
D. foreign currency market"
If the inflation rate in the United States is greater than the inflation rate in Sweden, other things held constant, the Swedish currency will:a. Appreciate against the U.S. dollar.b. Depreciate against the U.S. dollar.c. Remain unchanged against the U.S. dollar.d. Appreciate against other major currencies.e. Appreciate against the dollar and other major currencies.
If the inflation rate in the United States is greater than the inflation rate in Sweden, other things held constant, the Swedish currency will appreciate against the U.S. dollar.
A rise in the value of one currency in comparison to another is known as currency appreciation. For a variety of factors, including governmental policies, interest rates, trade balances, and business cycles, currencies appreciate against one another. A currency's value fluctuates continuously in a floating rate exchange system depending on supply and demand on the foreign exchange market.
Value changes give traders and businesses the chance to grow or shrink their holdings and profit from them. However, currency appreciation is distinct from the rise in value of securities. Pairs of currencies are traded. As a result, a currency increases in value when its value rises relative to another's.
The correct answer is option a.
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many manufacturers have relocated to the south because group of answer choices there are many high-tech companies in the north. lower-cost labor is plentiful there and unions are less prevalent. there is an abundance of surplus labor. the top computer science schools in the nation are located there.
Many manufacturers have relocated to the south because lower-cost labor is plentiful there and unions are less prevalent.
The overall expense incurred by employers to employ workers is represented by labor costs. They are sometimes referred to as salary costs since they indicate the cost of employing compensated labor.
Although greater labor costs (higher wages and benefits) benefit employees, they can also have a negative impact on business earnings, the number of jobs available, and the number of hours each employee works. A few of the policies that have an impact on labor expenses are the minimum wage, overtime compensation, payroll taxes, and hiring subsidies.
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Persuasive requests are reasonable, ethical, and logical arguments that overcome anticipated resistance. Persuasive requests include making a persuasive claim, asking a favor, requesting information, and persuading within an organization.
Read the scenario about making a claim, and then complete the sentence.
You ordered a blue tablecloth to go with your dishes. When you opened the box from the Kitchen Company, you discovered that the tablecloth you received is red.
To get the company to exchange the tablecloth, you need a message.
Read the scenario about asking for a favor. Keep in mind that using an inductive approach is more likely to gain cooperation than using a deductive approach. After reading the scenario, answer the corresponding question.
You want to buy a large armoire for your office, so you search online at a furniture store where you have been a loyal customer for years. You find a coupon online for 25 percent off. Unfortunately, it expired yesterday. You want the furniture company to honor the coupon even though it is a day late.
How should you begin your message to persuade the furniture company?
Explaining what a good customer you have been in the past
Asking if the coupon will be good a day late
Telling the salesperson how desperately you need the armoire
The majority of internal messages are routine in nature; however, there are situations in every organization that require persuasion. The first part of your message should When you are persuading within an organization, to the receiver will help build interest in your idea.
Consider the scenario about persuading within an organization. Remember that even internal persuasion requires the sender to provide motivations and benefits to the receiver. Then, answer the corresponding question.
You own a restaurant that is losing about $200 a day in free food given to friends by your workers. You will be installing a security system that monitors the main public areas of the restaurant. You will also begin tracking each order written and sent to the kitchen. You write a memo about this important topic, hoping to persuade employees to change their behavior.
Which approach will help you motivate your employees? Check all that apply.
Assume that the losses are due to two employees who should be fired.
Lecture your workers on being thieves.
Detail the huge negative effect the current practice has had on the employees’ wages.
Explain the benefits of the new system, including the chance to reward good workers.
Persuasive requests: It refers to pleas for assistance, presents, and favors made without any thought of making a purchase or a sale. Ethos, believability, pathos, and excitement are its four main constituents.
Both persuasive requests and sales communications that are successful have an aim, a defined target audience, and a communication goal. Additionally, compelling sales pitches and demands compel attention and a call to action. You are asking a specific individual to do something when you make a persuasive request. In sales, you must request action from your target market. In any instance, your success will depend on how well you understand your audience, including what motivates them and what inspires them to take action. Asking your younger brother to take out the garbage in return for a piece of candy will only work if you are aware of his sweet tooth.
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as part of their investment strategy, the carringtons have decided to put $100,000 into stock market investments and also into purchasing precious metals. the performance of the investments depends on the state of the economy in the next year. in an expanding economy, it is expected that their stock market investment will outperform their investment in precious metals, whereas an economic recession will have precisely the opposite effect. suppose the following payoff matrix gives the expected percentage increase or decrease in the value of each investment for each state of the economy.
The Carringtons can expect a 10% decrease in their stock market investment, which would give them a total value of $90,000.
Payoff Matrix:
Economy | Stock Market | Precious Metals |
| Expanding | +15% | +5% |
| Recession | -10% | +10% |
If the Carringtons decide to invest $100,000 into the stock market and precious metals, they can expect the following payoffs depending on the state of the economy.
In an expanding economy, the Carringtons can expect a 15% increase in their stock market investment, which would give them a total value of $115,000. They can also expect a 5% increase in their precious metals investment, which would give them a total value of $105,000.
In a recession, the Carringtons can expect a 10% decrease in their stock market investment, which would give them a total value of $90,000. They can also expect a 10% increase in their precious metals investment, which would give them a total value of $110,000.
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Which of the following security types would split your investment into a diversified basket, rather than in a single company? O Stocks O ETFs O Bonds O CD
The following security type that would split your investment into a diversified basket, rather than in a single company is O Bonds.
The most essential reason for the security is to defend humans and their property. This includes both their physical protection and their possessions. top security measures will make it difficult for criminals to goal someone or a place.
The U.S. branch of defense has promulgated the 5 Pillars of information warranty version that includes the safety of confidentiality, integrity, availability, authenticity, and non-repudiation of personal information.
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A microhedge is a
A. hedge of a particular asset or liability.
B. hedge against a change in a particular macro variable.
C. hedge of an entire balance sheet.
D. hedge using options.
E. hedge without basis risk.
a
Option (a) is correct. A micro hedge is a hedge of a particular asset or liability.
A micro-hedge is an investment technique used to eliminate the risk of a single asset from a larger portfolio. In most cases, a micro-hedge involves taking an offsetting position in that single asset. Offsetting positions can include taking short positions in similar shares, or options or futures contracts of that same asset.
A micro-hedge involves minimizing the risk exposure of a single asset or component of a larger portfolio. Offsetting positions using similar securities or derivatives contracts listed on that stock can be used as a micro-hedge. A trader may want to engage in a micro-hedge if they are uncertain about a particular position but do not wish to dispose of the position altogether.
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Determine which statements below are correct regarding merchandise available for sale during a period.(Check all that apply.)
The statements below are correct regarding merchandise available for sale during a period. Beginning inventory + net purchase = merchandise for sale; ending inventory + cost of goods sold = merchandise for sale.
Stock alludes to a load of products held by a business. It is a vital piece of maintaining a business, as it can influence both your primary concern and your consumer loyalty. The right stock administration situation can set aside the organization's time and cash and guarantee that you have every one of the provisions and materials.
A viable stock administration framework is fundamental for organizations to keep up with proficient deals. There are various elements to consider while planning a stock administration framework, for example, the sort of merchandise being put away.
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This question is incomplete here , I am attaching the complete question:
determine which statements below are correct regarding merchandise available for sale during a period. (check all that apply.)multiple select question .beginning inventory ending inventory
In its first year (2021), Camco Incorporated generated a $92,000 net operating loss, and it made a $5,000 cash donation to a local charity. In its second year (2022), Camco generated a $210,600 profit, and it made a $10,000 donation to the same charity. Required: Compute Camco's taxable income for its second year.
The second year's taxable income for Camco is 108,600. Total income subject to tax is referred to as taxable income. It is calculated by adding up all of your sources of income and taking out any tax breaks or deductions you are qualified to receive.
net income 210,600, carryforward 92,000, charitable deduction 10,000, taxable income: 108,600.The carryforward loss and the current year's charitable deduction will be subtracted from the income for the current year. Donations made in one year do not carry over to the following year. Only the prior year will be used to fill it out.The amount of federal and state income taxes that an individual or business must pay in the United States is based on their taxable income. It is determined by taking your gross income (income from all sources before deductions) and removing any exemptions or deductions you are qualified to take.The two types of deductions you can use to lower your taxable income are itemised and standard deductions.Salary, wages, commissions, tips, and self-employment income are a few examples of taxable income. Depending on your overall income and filing status, some types of income, such as Social Security benefits, may be partially taxable.Hence, Camco's taxable income for the second year will be 108,600.
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jorge owns two passive investments, activity a and activity b. he plans to dispose of activity a in the current year or next year. juanita has offered to buy activity a this year for an amount that would produce a taxable passive activity gain to jorge of $115,000. however, if the sale, for whatever reason, is not made to juanita, jorge believes that he could find a buyer who would pay about $7,000 less than juanita. passive activity losses and gains generated (and expected to be generated) by activity b follow: Two Years ago (35,000)
Last year (35,000)
This year (8,000)
Next Year (30,000)
Future years Minimal Profits
All of activity B's losses are suspended. Should Jorge close the sale of Activity A with Juanita this year, or should he wait until next year and sell to another buyer? Jorge is in the 28% tax bracket.
Jorge should close the sale with Juanita this year. This is because he would be able to offset the $115,000 gain from the sale of Activity A with the losses from Activity B.
Since all of the losses from Activity B are suspended, Jorge would not be able to use them this year if he waits another year to sell Activity A. Furthermore, the additional $7,000 he would receive by selling to another buyer would be offset by the 28% tax rate that Jorge would have to pay, resulting in a net loss of $1,960. Therefore, it would be more beneficial for Jorge to close the sale with Juanita this year in order to maximize the savings from the losses from Activity B.
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Kooyman hardware sells 16 different types of Kooyman hardware sells 16 different types of drills. They had demand for 10 of the drills and satisfied 80 percent of the (Round your answer to 1 decimal place.) What was their fill rate for drills? 86,6%
Kooyman Hardware's fill rate for drills is given as 80%.
What is the fill rate?The fill rate is the percentage of customer orders satisfied from available inventory.
The fill rate determines the degree of efficiency in supply chain management, especially in meeting customer demands.
The fill rate is the quotient of the division operation between the number of shipped orders and the total number of customer orders.
To express the result as a percentage, multiply by 100.
Types of drills sold = 16
The number of customer orders received = 10 drills
The fill rate for drills = 80%
The number of customer orders satisfied = 8 drills (10 x 80%)
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auditors can document their understanding of internal control over capital stock transactions by using
Using flowcharts, internal control questions, and written descriptions, auditors can demonstrate their expertise of internal control over capital stock transactions.
Which of the following organizations provides a review of internal control over financial reporting's effectiveness?By analyzing data from all sources, including the auditor's testing of controls, errors found during the financial statement audit, and any recognized control flaws, the auditor should be able to provide an opinion on the effectiveness of internal control over financial reporting. Among internal users are the Board of Directors, Partners, and Managers. The audit process typically consists of four stages: planning (also known as survey or preliminary review), fieldwork, audit report, and follow-up review, though each audit process is different. Internal auditing techniques that are frequently used to assess compliance include: Audits of systems, Process inspections, Audits of products.
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The ____ is the product of the percent complete and the sum of the estimated costs of all the specific activities that make up a work package or the project.
A. total budgeted cost (TBC)
B. cumulative budgeted cost (CBC)
C. cumulative actual cost (CAC)
D. cumulative earned value (CEV)
The cumulative earned value (CEV) is the product of the percent complete and the sum of the estimated costs of all the specific activities that make up a work package or the project.
The cumulative earned value is the total value of all the work that has been completed on a project to date. This includes all the work that has been completed by all the project team members, as well as any contractors or other outside parties that have been brought in to work on the project.
The cumulative earned value is a good way to track the progress of a project and make sure that it is on track to be completed on time and within budget.
Hence, the correct option is "D".
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the earmarking of revenues limits the ability of the legislature to do which of the following? quizlert
The earmarking of revenues limits the ability of the legislature to react to emergency situations that may need money and change budget priorities.
Earmarking is the process whereby people or organizations appropriate specific money for specific purposes. In organizations, earmarking relates to how companies or governments budget spending. For individuals, earmarking can imbue money with symbolic value based on who or what it is earmarked for, with mental accounting being a special case of self-earmarking one's funds.
A company may earmark a sum to spend on upgrading its IT system, or a city government might earmark the proceeds of a municipal bond issue to pay for a new road or bridge.
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g solve for public savings, private savings, national savings, investment, consumption, investment and net exports and equilibrium real exchange rates
GDP - Taxes + Transfers = 6,000 - 1,200 + 400 = 5,200 is the private sector's disposable income.
Savings in the private sector are calculated as follows: consumption = 4,500 - 5,200 = 700.
Government savings equal a 100 percent budget surplus.
National savings are calculated as follows: 700 + 100 = 800.
What is the investment formula?The most popular is ROI, which is calculated as ROI = Net income / Cost of Investment multiplied by 100.
The GDP equation is what?Formula for Gross Domestic Product (GDP) GDP = private consumption + gross private investment + government investment + (exports – imports).
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Suppose the Federal Reserve wants to increase the money supply by increasing the lending potential of commercial banks. Assume the current reserve requirement for commercial banks is 8 percent. Now suppose the Fed wants the lending potential to increase by $250 billion, and it plans to use open-market operations to accomplish this goal.Instructions: Enter your answer as a whole number.a. If sales or purchases of government securities are the only instrument used in the open-market operations, the Fed will need to (buy or Sell) buy sell government securities in the total amount of $ ??????? billion.b. The Fed may also opt to use some amount of (Click to select) (reverse repos or repos) to effectively (Click to select) (lend money to or borrow money) from commercial banks rather than permanently transfer ownership of the securities in order to obtain its goal.
The save proportion is the part of reservable liabilities that business banks should clutch, as opposed to loan out or contribute. The country's central bank, which in the United States is the Federal Reserve, sets this requirement. The cash reserve ratio is a different name for it.
The reserve requirement, which is sometimes used interchangeably with the reserve ratio, is the minimum amount of reserves that a bank must maintain. Regulation D of the Federal Reserve Board establishes uniform reserve requirements for all depository institutions with transaction accounts and mandates that banks submit regular reports to the Fed. This regulation defines the reserve ratio.
With an example, what is the cash reserve ratio?If a bank has $100 million in deposits and a reserve ratio of 5%, it keeps $5 million of those deposits and lends and invests the remaining 95%, or $95 million. The remaining 95 percent of the fund is returned to the bank in the form of additional deposits from citizens.
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indicate the effect each separate transaction has on investing cash flows. note: amounts to be deducted should be indicated with a minus sign. sold a truck costing $44,500, with $23,800 of accumulated depreciation, for $9,800 cash. the sale results in a $10,900 loss. sold a machine costing $12,400, with $8,900 of accumulated depreciation, for $6,800 cash. the sale results in a $3,300 gain. purchased stock investments for $20,500 cash. the purchaser believes the stock is worth at least $31,800.
The purchaser believes the stock is worth at least $31,800 is $1,800.
The Cash Flow Statement was created to ensure that businesses would know just how much hard cash they actually have. This Statement is therefore different from others in that in only records cash when it has been received and/or disbursed thus making it easier for a company to know how much cash it has.
The Investing Section of the Cashflow statement deals with fixed assets as well as transactions involving securities and bonds of other entities as those are investments.
When cash is spent on these transactions it is a Cash Outflow and is therefore subtracted.
When cash is received from such transactions it is considered a cash inflow and is added.
Effects of Above Transactions.
Sold a Truck for $11,200. This will INCREASE the Investing Cash Flow by $11,200.
Sold a Machine for $8,200. This will INCREASE the Investing Cash Flow by $8,200.
Purchased stock investments for $17,600 cash. This will DECREASE the Investing Cash Flow by -$17,600 as it was a cash Outflow.
The Investing Section of the Cash Flow Statement will look like,
Sold a Truck $11,200
Sold a Machine $8,200
Purchased stock investments -$17,600
Net Cashflow from Investing Activities $1,800
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Determine whether each procedure described below is an internal control strength or weakness; then identify the internal control violated or followed for each procedure. 1. The owner does not use ID scanners to limit access to expensive merchandise. Instead, the owner argues they hire honest employees. 2. An employee cannot approve their own request for purchases of inventory. 3. Several salesclerks share the same cash drawer. 4. Employees that handle easily transferable assets such as cash are bonded. 5. The company devotes resources towards keeping accurate accounting records for machinery. Weakness or Strength Internal Control Principle 1 2. 3 4 5
(1) The owner does not use ID scanners to limit access Weakness
to expensive merchandise. Instead, the owner argues
they hire honest employees.
(2) An employee cannot approve their own request for Strength
purchases of inventory.
(3) Several salesclerks share the same cash drawer. Weakness
(4) Employees that handle easily transferable assets Strength
such as cash are bonded.
(5) The company devotes resources towards keeping Strength
accurate accounting records for machinery.
In the given question we have to determine whether each procedure described below is an internal control strength or weakness; then identify the internal control violated or followed for each procedure.
(1) The owner does not use ID scanners to limit access to expensive merchandise. Instead, the owner argues they hire honest employees.
It is a Weakness.
This simple access may result in theft or pilferage of priceless goods, and no one can be held accountable for the loss of goods. It is necessary to follow procedures like authorization, identification or establishing responsibility while handling such objects.
(2) An employee cannot approve their own request for purchases of inventory.
It is a strength.
The purchase is supported by the separation of request and approval. If the same person does this, he or she may authorize the purchase and transfer the funds to his personal account without the knowledge of anybody else at the firm.
(3) Several salesclerks share the same cash drawer.
It is a weakness.
The cashier has the option of taking the money and depositing it in his personal account. He also has the option of entering the sale in full or in part, pocketing the difference. Instead, he should give the cash to the cashier at the business together with any necessary documentation, such as sales invoices and cash receipts.
(4) Employees that handle easily transferable assets such as cash are bonded.
It is a strength.
This reduces money theft and misappropriation. A person in authority might be persuaded to take some money and record it under an expense-head of account if they have access to both the physical currency and the accounting records, which could lead to an unreported transaction.
(5) The company devotes resources towards keeping accurate accounting records for machinery.
It is a strength.
Maintaining accurate accounting records for assets aids in their physical protection, quick identification, regular care, and charge of periodic depreciation.
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