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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before making a purchase, consumers often compare similar items based on their , such as product characteristics and performance.
Problem recognition, inquiry, evaluation, and purchase choice are the components of the consumer decision process. Behavior after a purchase is a reflection of how satisfied or unsatisfied you were with your purchase.
What are an example and an evaluation?When you evaluate someone or something else, you take them into account in order to form an opinion on them, such as whether or not they are good or terrible. First, they will dispatch professional nurses to assess the demands of each particular circumstance. Verbal noun It's challenging to assess the state of the market.
What does evaluation in education mean?What does "assessment in education" mean? Evaluation is grade-centered and may take into account factors outside of course content and proficiency level in the classroom. An assessment might be performed as a last check to determine the caliber.
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if scott earns a 12 percent after-tax rate of return, $15,000 today would be worth how much to scott in two years? use future value of $1. note: round discount factor(s) to five decimal places.
In two years, $15,000 would be worth to Scott assuming he gets an after-assessment form of 12%. Therefore, The answer is (d)
= $15,000 × (1.12)2 = $18,816 or $15,000 × 1.25440 = $18,816.
The recipe is composed as follows: FV=PV I + 1)n The quantity of interest-accumulating periods that will require some investment you are computing for is shown by the superscript n in this equation. the more prominent pace of return after charges. the benefits of pay deferral are expanded.
You require the accompanying recipe to decide the ongoing worth of any income: Present worth is equivalent to Expected Income times (1 or more Interest Sum). the measure of time. consequently for the underlying year.
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This question is incomplete ,here I am attaching the complete question:
If Scott earns a 12 percent after-tax rate of return, $15.000 today would be worth how much to Scott in two years? Use future value of $1.(Round discount factor(s) to flve declmal places.) 9 Multple Choice $15,000. $11,955 $18,520 $18,816, None of the cholces are correct.
When people use ramen as money then ramen become group of answer choices fiat money, but do not function as a unit of account. fiat money and function as a unit of account. commodity money and function as a unit of account. commodity money, but do not function as a unit of account.
When people use ramen as money then ramen becomes commodity money, but do not function as a unit of account. The correct answer is D.
Commodity money is defined as object that has value and are useful in itself that are also being used as a medium of exchange. A commodity money may serve as a medium of exchange but it is rather difficult to use it as a unit of account. An example of a commodity money is that of a cigarette in prison, where cigarettes are being used as a medium of exchange to get another goods or services in prison aside from its intended use for smoking. Another example of a commodity money is gold coins which in itself is valuable but also may be used as a medium of exchange in order to obtain other kinds of goods and services
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Your question seems incomplete, but I assume your question was:
"When people use ramen as money then ramen becomes
(group of answer choices)
A. fiat money, but do not function as a unit of account.
B. fiat money and function as a unit of account.
C. commodity money and function as a unit of account.
D. commodity money, but do not function as a unit of account."
eriodic inventory by three methods; cost of goods sold the units of an item available for sale during the year were as follows: date line item description units and cost jan. 1 inventory 50 units at $110 mar. 10 purchase 60 units at $118 aug. 30 purchase 20 units at $126 dec. 12 purchase 70 units at $128 there are 80 units of the item in the physical inventory at december 31. the periodic inventory system is used. determine the ending inventory cost and the cost of goods sold by three methods. in your calculations round average unit cost to the nearest cent, and round all other calculations and your final answers to the nearest dollar. blank cost of ending inventory and cost of goods sold inventory method ending inventory cost of goods sold first-in, first-out (fifo) $first-in, first-out (fifo) $first-in, first-out (fifo) last-in, first-out (lifo) last-in, first-out (lifo) last-in, first-out (lifo) weighted average cost weighted average cost weighted average cost
A periodic system makes no attempt to keep track of inventory levels, therefore cost of items sold is unknown until financial statements are prepared.
Briefing:-The expense is calculated by subtracting ending inventory from ending inventory after adding beginning inventory to the period's buying costs.
What is the inventory periodic method?To ascertain the amount of inventory on hand and the cost of goods sold, a corporation using a periodic inventory system physically counts the inventory at the conclusion of each period. In accordance with their accounting requirements and product needs, many businesses choose for monthly, quarterly, or annual periods.
How do you determine the price of products that are for sale?The cost of manufacturing the present inventory is multiplied by its total worth to arrive at the cost of the commodities that are now on hand for purchase. For instance, if a company has ready-to-sell goods worth $5,000 and they cost $3,000 to make, its total cost of goods available for sale is $8,000.
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roger and melissa's labor supply schedules are presented in the accompanying tables. hourly wage rate roger's labor supply (hours per week) $0 0 $10 15 $20 30 $30 40 $40 45 $50 35 hourly wage rate melissa's labor supply (hours per week) $0 0 $10 10 $20 20 $30 30 $40 35 $50 40 a. in the accompanying diagram, move the points to plot both roger's and melissa's labor supply curves.
From the provided labor supply schedules, Roger's and Melissa's labor supply curves were calculated.
The labor market's supply is the main focus of the labor supply curve. As the labor supply increases, the labor supply curve shifts to the right. It will move to the left if it declines.
According to the graph below, a rise in labor supply results in a fall in wages whereas a rise in labor demand results in an increase in wages. Simply put, labor is the work that people do.
Additionally, labor is an element in production. This is so that businesses can make their products, which requires labor.
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in the current year, company a made the following cash purchases: the exclusive right to manufacture and sell equipment from company b for $210,000. company b created the unique design for the equipment. company a also paid an additional $15,000 in legal and filing fees to attorneys to complete the transaction. an initial fee of $295,000 for a three-year agreement with company c to use its name for a new facility in the local area. company c has locations throughout the country. company a is required to pay an additional fee of $6,000 for each month it operates under the company c name, with payments beginning in march of the current year. company a also purchased $410,000 of equipment to be placed in the new facility. the exclusive right to sell a book, for $29,000.
There is no journal entry for the amount to be paid to Silver Gym on a monthly basis when the sales begin because the money has not been paid.
How would you define sales?A sale is a deal in which the seller exchanges money for the sale of tangible or intangible products, assets, or services with the buyer. Between two or more parties, a sale is made. A sale can be defined more broadly as a contract between two or more parties, such as the buyer and the seller.
What does "sales" mean in a commercial context?Sales, as used in everyday business operations, relate to any transactions where money or value is transferred for the right to own a good or access to a service. Sales in an accounting context refers to the money a business makes through selling goods or services (net sales).
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a company reports the following at year end: current assets of $25,000; total assets of $35,500; current liabilities of $10,400; total liabilities of $20,500. working capital equals: multiple choice question. 4,500 14,600 10,500 25,100
A company reports the following at year-end: current assets of $25,000; total assets of $35,500; current liabilities of $10,400; total liabilities of $20,500. Working capital equals 14,600.
A present-day asset is any asset that could reasonably be predicted to be offered, consumed, or exhausted via the normal operations of a commercial enterprise inside the current financial 12 months or running cycle or economic year.
Modern assets consist of coins, cash equivalents, money owed receivable, stock inventory, marketable securities, pre-paid liabilities, and different liquid property. The current property account is important as it demonstrates an organization's short-term liquidity and ability to pay its quick-term duties.
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TRUE/ FALSE. if our research objective is to summarize the data in the sample, we should use percentages if the variable has a metric scale.
The statement given is false, if our research objective is to summarize the data in the sample, we should use percentages if the variable has a metric scale.
Although tables are frequently used to display data summaries, a well-designed graph can also effectively convey findings.
Just to summarize the data, we can use graphs and diagrammatic representation. Percentages are used when you have to demonstrate increase or decrease or level of influence of certain variables in the data.
The research objective is fulfilled by using the diagrams and graphs. Therefore the given statement is false, that we should use percentages as a metric scale.
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Suppose the institution wishes to fully hedge the interest rate risk with a swap. A swap is available with whatever notional principle is needed that pays fixed at 4.95% and pays variable at LIBOR. LIBOR is currently 5.11%. By how much would profits change right now if the bank engages in the swap?Pay variable, receive fixed; (322-200) x (4.95% - 5.11%) = -$195,200
-$195,200 profits change right now if the bank engages in the swap.
Pay variable, receive fixed; (322-200) x (4.95% - 5.11%) = -$195,200
A financial institution is an economic institution that accepts deposits from the general public and creates a demand deposit at the same time as simultaneously making loans. Lending sports may be immediately executed by way of the bank or in a roundabout way thru capital markets.
Bank, an institution that deals in money and its substitutes and gives other money-associated services. In its function as an economic intermediary, a bank accepts deposits and makes loans.
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Industrialize
To develop large industries in a country or economic system.Emigration
leaving one's own country or region to settle in another.Interchange
To put each of two items in the other's place.Standardize
To make the same in shape, weight, size, and so fourth.
Industrialize-To develop large industries in a country or economic system. Emigration-leaving one's own country or region to settle in another. Interchange-To put each of two items in the other's place. Standardize-To make the same in shape, weight, size, and so fourth.
Industrialization is the process of shifting a country or region's economy away from a reliance on agriculture and toward manufacturing. Emigration is the relocation of people from one country to another for habitation. People move abroad for a variety of reasons, such as to improve their quality of life or chances of finding work. An interchange is defined as an exchange or a location where two things or persons come together to provide movement from one to the other. In order to standardize a specific industry, standards-based and comparable technology and processes must be developed, promoted, and perhaps mandated.
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A bank loans Kellie's Print Shop $350,000 to remodel a building near campus to use as a new store. On their respective balance sheets, this loan is
a. a liability for the bank and an asset for Kellie's Print Shop. The loan increases the money supply. b. an asset for the bank and a liability for Kellie's Print Shop. The loan does not increase the money supply. c. an asset for the bank and a liability for Kellie's Print Shop. The loan increases the money supply. d. a liability for the bank and an asset for Kellie's Print Shop. The loan does not increase the money supply.
On their respective balance sheets, the loan granted by the bank to the Kellie's Print Shop is an asset for the bank and a liability for the Kellie's Print Shop, and it does not increase the supply of money. Therefore, the option B holds true.
A balance sheet can be referred to or considered as a financial statement that shows the current or present financial positions of the company as on any given date on which the balance sheet has been made or updated. Each balance sheet contains assets and liabilities as the two main heads, and the final balances of these heads are always equal to each other.
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lue Devil Savings and Loan Association has a large number of 10-year fixed-rate mortgages and obtains most of its funds from short-term deposits. It uses the yield curve to assess the market's anticipation of future interest rates. It believes that expectations of future interest rates are the major force in affecting the yield curve. Assume that an upward-sloping yield curve with a steep slope exists. Based on this information, should Blue Devil consider using financial futures as a hedging technique? Explain
Blue Devil should sell financial futures to hedge the potential effects of rising interest rates on its spread
To protect against the potential negative effects of rising interest rates on its spread, Blue Devil could sell financial futures.
Although the phrase "hedging" can make it sound like your gardening-obsessed neighbor does it, it actually refers to a valuable investing strategy that all investors should be aware of. Hedging in the stock market is a technique to preserve your portfolio, which is frequently just as vital as financial portfolio growth.
Hedging is frequently described in broader terms than are its explanations. It is not, nonetheless, an obscure term. Even if you are just starting out as an investor, understanding what hedging is and how it functions can be helpful.
By establishing a contrary position in a comparable asset, investors can use the risk management technique of hedging to offset losses on their investments.
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Which of the following questions should NOT be taken into consideration when listing all the alternatives and consequences to solve an ethical problem?
A. Is it legal?
B. Does it fit my personal values?
C. Who will be affected?
D. Does it benefit me personally?
D. Does it directly benefit me?
What are the four ethical methods?The four ways to deal with morals in business settings are:
Ethics based on utilityEthics deontological.Ethics of virtue.The Ethics of Communism.When making an ethical decision, how many different options should be listed?Try to think of as many possible solutions, at the very least three and typically five or more.
What are the three three questions of ethics?Three moral inquiries that we ought to pose of ourselves consistently
How would I like to be on the planet?Why do I want the world to be this way?When I'm put to the test, what tactics must I employ to uphold my values and principles?To learn more about Ethics of virtue here
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firms often set goals related to desired share of a market. these goals are a type of______objectives.
Firms often set goals related to the desired share of a market. these goals are a type of sales objectives.
Management uses sales objectives to supplement the vision and objectives they have established for the business and the sales department. The sales objectives specify the precise, quantifiable steps that each employee must follow to accomplish the overall target.
Sales objectives are overarching, long-term goals that you want your entire sales staff to reach in order to advance your business. To make sure your goals are on pace, you must monitor sales analytics, though. Utilizing metrics, you can create plans and tactics for your sales force to follow in order to meet their goals.
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this is the amount that can be given as a gift each year without the transaction being subject to the federal gift tax law.
Answer:
The annual gift tax exclusion limit for 2020 is $15,000 per person.
Which of the following is the first step in the managerial decision making process?
A. Evaluation and feedback
B. Development of alternatives
C. Recognition of decision requirement
D. Diagnosis and analysis of causes
E. Selection of desired alternativesC. Recognition of decision requirement
The first stage in the managerial decision-making process is what follows. C)Recognition of decision requirement
What are the six steps involved in making decisions?Careful planning and empathy are two requirements for implementing the alternative. The sixth step in the procedure is to put a substitute into action. Selecting an alternative, which is the fifth phase in the decision-making process, is thus referred to as pricing the best alternative.
What is the process of decision-making?An individual goes through a decision-making process while deciding which alternative or course of action will best suit their needs. It is a series of actions made by managers in the organization ,To set specific activities in motion and determine the planned course for company objectives.
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assume the government reduces its spending and raises income taxes in an effort to reduce the budget deficit. the most likely short-run result will be an increase in responses interest rates interest rates unemployment unemployment the money supply the money supply the price level the price level personal savings
If the government increases the income taxes then the interest rates will be increased that is option A is correct.
Government when increases the income taxes and reduces its spending it adopts a fiscal policy which will not be beneficial for the middle class people. With the increase in the income tax they will have to pay more for the same amount of items. The interest rates of the banks will also increase as they will have to maintain their own balance. This will lead to the decrease in the money supply and the personal savings of the people. These all are short term results. In the longer run unemployment will increase due to this and will affect the economy of the country very badly.
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the formula for target units is: multiple choice (total fixed costs target profit)/contribution margin ratio (total variable costs total fixed costs)/contribution margin ratio (total fixed costs target profit)/unit contribution margin (total variable costs total fixed costs)/unit contribution margin
The difference between a company's sales and variable costs, represented as a percentage, is the contribution margin ratio. The total income that can be used to cover fixed costs and turn
a profit is represented by an entity's total margin. The contribution margin ratio, when applied to a single unit sale, expresses the percentage of profit made on that particular sale. The contribution margin should be fairly substantial because it must be enough to pay for both fixed costs and overhead. The measure is helpful in deciding whether to permit a lower price in unique pricing circumstances. To continue selling a product at that price point would be foolish if the contribution margin ratio is abnormally low or negative.
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ompany acquired 90 percent ownership of scrooge corporation in 20x7, atunderlying book value. on that date, the fair value of noncontrolling interest was equal to 10percent of the book value of scrooge corporation. pilfer purchased inventory from scrooge for$90,000 on august 20, 20x8, and resold 70 percent of the inventory to unaffiliated companies ondecember 1, 20x8, for $100,000. scrooge produced the inventory sold to pilfer for $67,000. thecompanies had no other transactions during 20x8.base
The amount of sales that will be reported in the 20X8 consolidated income statement is C) $100,000.
An income statement or profit and loss account is one amongst the money statements of an organization and shows the company's revenues and expenses throughout a specific amount. It indicates however the revenues are reworked into world wide web financial gain or lucre.
Non-controlling interest refers to the minority shareholders of the corporate. They own but five hundredth of the general share capital and so do not have management over the company's decision-making method. Non-controlling interests are measured at world wide web quality worth of entities and don't account for potential selection rights.
The question is incomplete, find the complete question here
Company acquired 90 percent ownership of scrooge corporation in 20x7, atunderlying book value. on that date, the fair value of noncontrolling interest was equal to 10percent of the book value of scrooge corporation. pilfer purchased inventory from scrooge for$90,000 on august 20, 20x8, and resold 70 percent of the inventory to unaffiliated companies ondecember 1, 20x8, for $100,000. scrooge produced the inventory sold to pilfer for $67,000. thecompanies had no other transactions during 20x8.base. Based on the information given above, what amount of sales will be reported in the 20X8 consolidated income statement?
A) $90,000
B) $120,000
C) $100,000
D) $67,000
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when an accountant is engaged to prepare financial statements, each of the following requirements applies, except:
When an accountant is engaged to prepare financial statements, each of the following requirements applies, except the accountant should verify the completeness of information provided by management for the financial statements.
An Accountant facilitates organizations make important economic decisions by way of accumulating, monitoring, and correcting the employer's price range. they are responsible for monetary audits, reconciling bank statements, and making sure monetary statistics are accurate throughout the yr.
An accountant is a person who works in the accounting field and conducts duties such as account analysis, audits, and monetary assertion evaluation. Accountants can work for simply an accountancy company or a huge corporation with just an inner finance branch, or they may begin their very own company.
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under uniform state law, civil liability exists in all of the following circumstances except when: a customer margin securities are commingled with those of other margin customers b an unregistered agent sells exempt securities to customers in the state c a customer makes a purchase of securities based upon misleading statements made by an agent d an offer of unregistered non-exempt securities is made to a customer and a sale occurs
Option (a), The following situations all give rise to civil responsibility under Uniform State Law, with the exception of when customer margin securities are mixed with those of other margin customers.
What terms are defined by the Uniform Securities Act?In accordance with the Uniform Securities Act, the terms "broker-dealer," "investment adviser," & "investment adviser representative" are all defined. Additionally, a broker-"agent" dealer's is defined. A representative is likewise referred to as a "agent," but with the federal name rather than the state name (the agent of an investment adviser).
The Uniform Securities Act serves what purpose?The Uniform Securities Act was created as a model law and serves as the basis for state-level securities regulation. Because the Securities and Exchange Commission (SEC) needed assistance with enforcement and regulation, the Uniform Securities Act was developed. Among its objectives is state-level enforcement against securities fraud.
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The daily demand for a component at a hardware store is normally distributed, with an average of 100 and a standard deviation of 10 units. The store manager is willing to accept a risk of stockout 3% of the time during the lead time, which is constant at 6 days. Answer the following questions. Write your final answer only (without intermediate steps) for the fill-in-the-blank questions. Question 10 (2 points) The service level that the store manager wants to maintain = A . Use 2-decimal accuracy for the final answer, e.g., 0.12, when necessary. Question 11 (2 points) The appropriate value of Z (i.e., the number of standard normal deviations) = A . Use 2-decimal accuracy for the final answer, e.g., 0.12, when necessary. Question 12 (2 points) A Safety stock = answer (if it is not an integer) to the nearest integer. units. Round the final Question 13 (2 points) Reorder point = A units. Round the final answer (if it is not an integer) to the nearest integer.
The service level that the store manager wants to maintain = 0.97. This is because 3% of the time during the lead time, the store would be willing to accept a stockout. This corresponds to a service level of 97%.
The appropriate value of Z (i.e., the number of standard normal deviations) = 1.65. This can be calculated using the formula Z = (Service Level - 0.5) / (1 - Service Level).
A Safety stock = 160 units. This can be calculated using the formula Safety Stock = Z * Standard Deviation * Square Root of Lead Time.
Reorder point = 360 units. This can be calculated using the formula Reorder Point = Average Demand * Lead Time + Safety Stock.
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suppose juanita modifies her portfolio to contain 50% diversified stocks and 50% risk-free government bonds; that is, she chooses combination c. the average annual return for this type of portfolio is 7.5%, but given the standard deviation of 10%, the returns will typically (about 95% of the time) vary from a gain of to a loss of .
this type of portfolio is 7.5%, but given the standard deviation of 10%, the returns will typically (about 95% of the time) vary from a gain of to a loss of -6.5%.
The standard deviation is a statistic that expresses how much variance or dispersion there is in a group of numbers. [1] While a high standard deviation suggests that the values are dispersed over a wider range, a low standard deviation suggests that the values tend to be close to the mean (also known as the anticipated value) of the collection.
The lower case Greek letter (sigma), for the population standard deviation, or the Latin symbol s, for the sample standard deviation, are most frequently used in mathematical texts and equations to indicate standard deviation. Standard deviation may be written as SD.
A random variable, sample, statistical population, data set, or probability distribution's standard deviation is equal to the square root of its variance.
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consider the market for pigs and assume there is a marginal external cost associated with raising pigs. without government regulation, at the market equilibrium price and quantity of pigs:
Both advantages and costs result from pollution for society. However, individuals who profit from pollution, such as the owners of power firms, decide how much pollution happens in a market economy without government involvement.
They lack motivation to consider the financial burden their pollution places on others. The marginal societal cost is the sum of the marginal external and marginal private costs. When there is a marginal external cost, producers economy consider the marginal private cost and produce more than the efficient quantity. By transferring a property right, a negative externality can occasionally be avoided. government externality is the circumstance in which a party not involved in the transaction suffers as a result of another party's market transaction.
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disclosure of information about significant concentrations of credit risk is required for: all financial instruments. financial instruments with off-balance-sheet credit risk only. financial instruments with off-balance-sheet market risk only. financial instruments with off-balance-sheet risk of accounting loss only.
The correct answer to the given question is option A) all financial instruments.
Financial instruments are either tradable assets or can alternatively be thought of as bundles of capital that can be traded. The majority of financial instrument types allow for the efficient flow and transfer of capital among investors around the world. These assets may consist of money, a contractual right to receive or deliver money or another sort of financial instrument, or documentation of ownership of a certain organization.
Cash instruments and derivative instruments are the two categories into which financial instruments can be categorized.
Payment Methods
The markets have a direct impact on and control over the values of cash instruments. The securities in question may be simple-to-transfer securities.
Cash instruments also include deposits and loans that have been agreed upon by lenders and borrowers.
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Expected cash collection pattern is 50% in the month of sale, 30% in the following and 15% in the second following month. Five percent of the credit sales December collections will be: month, are uncollectible Sales Budget Month October November December January Credit Sales $80,000 $100,000 $120,000 $70,000 a. $70,000 b. $102,000 c. $108,000 d. $100,000 Expected cash collection pattern is 50% in the month of sale, 30% in the following month. and 15% in the second following month. Five percent of the credit sales are uncollectible. November collections were $92,000. September sales were: Sales Budget Month October November December January Credit Sales $80,000 $100,000 $120,000 $70,000 a. $90,000 b. $120,000 c. $100,000 d. $100,000
Option A, 3.75, Mpv =actual quantity (standard price - real price), which is 1275=5100 (x - 3.50), 3.75. A planning technique that enables businesses to manage resources and earnings based on anticipated sales is the sales budget.
A sales budget is a financial strategy that projects the entire income of a business over a given time frame. To forecast the performance of the firm, it relies on two factors: the volume of items sold and the price at which they are sold. Sales forecasting, the technique of predicting future sales income, is not the same as a sales budget. However, a sales estimate might be guided by a strong sales budget. A sales budget differs from a sales expenditure budget, which is more concerned with business costs over a certain time frame.
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A U.S. corporation has a yen-denominated loan it must repay in six months. A long position in yen futures could help offset the corporation's foreign exchange risk.
True/False
The correct answer is True. A U.S. company has a loan with a six-month repayment period in yen. The corporation's foreign exchange risk could be reduced by taking a long position in yen futures.
It might use some of its inflows in euros to cover its financing costs if it receives inflows in that currency.
The increase in value of one country's currency in comparison to another is known as currency appreciation. Currency increases are the result of governmental policy and a rise in investor demand. As opposed to banks, which must keep a balance between depositories and lending charges, the parent multinational firm might contemplate borrowing money from its subsidiaries because they do so at a lower cost.
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debt left over from the war of ____ was part of the reason for the founding of the second bank of the united states.
The debt left over from the war of 1812 was part of the reason for the founding of the second bank of the united states.
Congress rejected additional attempts to establish the bank after the two countries reached a peace treaty in 1815. But as a result of a wider economic crisis, the federal government's financial situation deteriorated in the months that followed. Madison and his advisors came to the conclusion that it was necessary to move the nation toward a more uniform, stable paper currency since a large number of state-chartered banks had stopped cashing their notes.
Dallas once more urged the creation of a national bank in his yearly report. The statute establishing the second Bank of the United States was finally signed by Madison in April 1816 after much discussion and a few subsequent attempts.
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inventory records for capetown, incorporated revealed the following: date transaction number of units unit cost april 1 beginning inventory 460 $ 2.15 april 20 purchase 430 2.61 capetown sold 610 units of inventory during the month. ending inventory assuming lifo would be: (do not round your intermediate calculations. round your answer to the nearest dollar amount.)
LIFO means "Last-In, First-Out". It is a strategy utilized for cost stream presumption purposes in the expense of merchandise sold computation. The LIFO strategy expects that the latest items added to an organization's stock have been sold first.
For figuring out the consummation stock first we need to figure out the closure stock units which are displayed underneath:
= Starting stock units + buy units - deal units
= 460 units + 430 units - 610 units
= 280 units
Presently the closure stock is
= 280 units × $2.15
= $602
We just increased the closure stock units with the April 1 expense for each unit i.e 280 units at $2.15per unit we found the solution i.e $602.
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the teachers union has been negotiating with the school board on behalf of all the teachers for a 4% pay increase and two additional sick days each year. the teachers union is in the process of .
The teachers union has been negotiating with the school board on behalf of all the teachers for a 4% pay increase and two additional sick days each year. The teachers union is in the process of collective bargaining.
Collective bargaining refers back to the respectable manner thru which change unions negotiate with employers on behalf in their individuals in appreciate of employees' phrases and situations of employment. An instance of collective bargaining may be approximately a pay increase or an change in running hours. The term "collective bargaining" became first utilized in 1891 by means of Beatrice Webb, a founder of the arena of business participants of the own family in Britain. It refers to the form of collective negotiations and agreements that had existed for the purpose of the rise of change unions in some unspecified time in the future in the 18th century.
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