The approach that would lead to determining the cash received from customers by analyzing the accounts receivable account will be the a) Beginning balance + debits during the period -- ending balance.
In the field of business, accounts receivable can be described as the revenue that a customer owes to a business or firm for a product that has already been given to the customer but the customer has not yet paid for it.
An effective approach to calculating the accounts receivable will be to deduct the debits that are made from the beginning to the ending balance. Hence the formula, beginning balance + debits during the period -- ending balance.
Although a part of your question is missing, you might be referring to this question:
We can determine cash received from customers by analyzing the accounts receivable account. which of the following approaches would lead to the correct result?
a) Beginning balance + debits during the period -- ending balance
b) Beginning balance - debits during the period -- ending balance.
c) Ending balance + debits during the period -- beginning balance.
d) none of the above
To learn more about accounts receivable, click here:
https://brainly.com/question/24848903
#SPJ4
aggregate supply is represented as a schedule or curve showing the relationship between a nation's level (index) and the amount of real domestic output that firms in the economy produce
Aggregate Supply is represented as a schedule or curve showing the relationship between the nation's - level (index) and the amount of real domestic output that firms in the economy produce is Price
Similarly that aggregate supply is the general stock of all labor and products inside an economy during a specific time span, total interest is the complete interest for all labor and products inside an economy throughout that equivalent time span. The way that these total terms measure all market interest inside an economy during a particular time span separates them from straightforward market interest.
Normally, conversations of market interest happen on a more limited size, like inside a business or area. Organizations investigate market patterns utilizing organic market. Organizations can carry out business systems at the best second to satisfy market needs by remaining current on market interest designs.
Assuming the cost level expansions in the economy, the complete spending in the economy will fall. The total interest will fall and move to one side.
Know more about Aggregate Supply - https://brainly.com/question/29608949
#SPJ4
TRUE/FALSE. when more than one security interest has been perfected in the same collateral, their claims are satisfied proportionately to their value.
The statement says that when more than one security interest has been perfected in the same collateral, their claims are satisfied proportionately to their value. This statement is true.
When more than one party claims an interest in the same collateral, a perfected secured party's interest does not have priority over the interests of most other parties.
An enforceable legal claim or lien on the property that has been pledged as collateral, typically to acquire a loan, is known as a security interest. In exchange for the right to take back all or part of the property in the event that the borrower ceases making loan payments, the borrower grants the lender a security interest in a number of assets.
Learn more about security interests here brainly.com/question/28287283
#SPJ4
The Probate Process Which of the following does the probate process assume? Check all that apply.
O Creditors are satisfied. O The will is burnt. O Money owed to the decedent is collected, O A testator is appointed
The probate process assumes the following:
O Creditors are satisfied: During the probate process, creditors who are owed money by the deceased are paid off in order of priority. O The will is not burnt: The will is usually filed with the probate court and is used to determine the distribution of the deceased's assets.
O Money owed to the decedent is collected: During the process of probate, any money owed to the deceased is collected and added to the estate.
O A testator has been appointed: The testator is the person appointed by the probate court to manage the deceased's estate. The testator is responsible for ensuring that the deceased's assets are distributed according to their wishes as stated in the will.
For more questions like Probate click the link below:
https://brainly.com/question/26778345
#SPJ4
(figure: short-run equilibrium) use figure: short-run equilibrium. the economy is in short-run equilibrium. to move the economy to potential output, the government should reduce its spending by an amount equal to:
To move the economy to potential output, the government should reduce its spending by an amount equal to aggregate price level.
When the total amount of output required and supplied equals one another, an economy is in short-run equilibrium. When total output and total demand are equal, this is referred to as short-run equilibrium. When prices respond to market changes and the economy is operating at its maximum potential, long-run equilibrium has been reached. Solution: Due to the fact that market supply and demand are equal, the short-run equilibrium price is determined. Since Qd(p) = 110 p and Qs(p) = 10 p, or 110 p = 10 p, it follows that 11p = 110 and p = 10. So, Q = 100 is the market equilibrium quantity.
Know more about short-run equilibrium here:
https://brainly.com/question/29345675
#SPJ4
john is interested in purchasing a multi-office building containing five offices. the current owner provides the following probability distribution indicating the probability that the given number of offices will be leased each year.
The owner supplies the posterior distribution E(X) = $23,333.33, which represents the likelihood that the particular set of office will be rented each year.
Describe distribution.Selling and delivering goods and services from a manufacturer to a customer is known as distribution. Another name for this is product distribution. To guarantee that clients and other participants in the distribution network are satisfied, it is crucial to enhance distribution as firms grow more global.
Why is distribution crucial to business?Channels of distribution are crucial to organizations because they enable efficient delivery of products or services to clients. Unhappy customers and subpar service delivery may result from a company's failure to find the optimal group of enterprises for this purpose.
To know more about distribution visit:
https://brainly.com/question/20437331
#SPJ4
the two primary responsibilities of the national labor relations board are to conduct and certify the election of union representation and to .
The conduct and certification of union representation elections, as well as the prevention and redress of unfair labor practices by unions and employers in the private sector, are the two main duties of the National Labor Relations Board.
A group of experts work together as the National Labor Relations Board (NLRB) to guarantee democratic workplaces and fair labor practices across the country.
The National Labor Relations Board is a freestanding federal agency with the authority to protect employees' rights to form unions and to decide whether to have them serve as their negotiating representatives. The agency also works to stop and correct unfair labor practices by unions and employers in the private sector.
Visit here to learn more about NLRB: https://brainly.com/question/14869133
#SPJ4
which of the following is not a type of trade restriction? group of answer choices nigeria protecting chicken growers by banning chicken imports foreign producers transferring their technological know-how to a chinese partner to gain access to chinese markets purity laws in germany barring many non-german beers european countries prohibiting imports of beef from hormone-fed cattle allowing sugar imports from mexico
Nigeria protecting chicken growers by banning chicken imports is not a type of trade restriction.
The maximum common barrier to exchange is a tariff–a tax on imports. tariffs raise the charge of imported goods relative to home goods (accurately produced at domestic). another common barrier to trade is a central authority subsidy to a specific home industry.
Trade obstacles are authorities-caused regulations on global exchange. in keeping with the theory of comparative advantage, exchange boundaries are damaging to the arena financial system and decrease typical financial performance.
Learn more about trade restriction here:https://brainly.com/question/20113741
#SPJ4
The figures below show the supply and demand for labor in the hybrid automobile industry. In each of the following scenarios, draw the shift in the supply or demand curve and state whether the resulting equilibrium wage and quantity increase or decrease Note: Consider the following scenarios separately. The events in part a should not be considered in part b. a. A new tool is invented that increases each worker's marginal product. Instructions: Use the tool provided D2 to draw the new demand curve. Answers will be graded on the direction of the shift, not on specific points plotted Wage (thousands) $110 $100 $90 Tools S $80 D $70 $60 $50 $40 $30 Tools S D2 $110 $100 $90 $80 $70 $60 $50 $40 $30 $20 $10 55 D 0 18200808080000 120 Hybrid automobile workers (thousands) References Labor demand will Click to select and labor supply will Click to select The equilibrium wage will click to wache) and the equilibrium quantity will Click to select 2 b. The demand for hybrid cars increases Instructions: Use the took provided "Dz' to draw the new demand curve. Answers will be graded on the direction of the shift, not on specific points plotted Instructions: Use the tool provided 'Da' to draw the new demand curve. Answers will be graded on the direction of the shift, not on specific points plotted O Wage (thousands) $110 $100 $90 $80 D2 $70 $60 Tools $50 $40 $30 $20 $10 55 0 20885% 。古名 Hybrid automobile workers (thousands) $10 55 References 0 D. 080088% 8% 60% 7050 Hybrid automobile workers (thousands) Labor demand will Click to select and labor supply will (Click to select) The equilibrium wage will Click to select and the equilibrium quantity will (Click to select)
There will be an increase in labor demand and no change in the labor supply. Both the equilibrium salary and the equilibrium amount will rise. According to estimates, the hybrid automobile industry will expand every year.
An internal combustion engine plus one or more electric motors that use battery energy power hybrid automobile industry. It is impossible to plug in a hybrid electric car to recharge its battery. Regenerative braking and the internal combustion engine work together to charge the battery instead. According to our research analyst's report, the market for hybrid vehicles is anticipated to expand at a CAGR of around 30% over the forecast period (2022-2030). The market for hybrid vehicles was estimated to generate around USD 329 billion in sales in 2021, and it is anticipated to grow to USD 1670 billion by 2030.
learn more about hybrid automobile industry here:
https://brainly.com/question/6243244
#SPJ4
describe, in one paragraph, how bringing this product to the marketplace can help support and build the chocolate bliss brand, based on the course project scenario. explain how offering your chosen product is in alignment with the brand and how bringing the product to the marketplace will help the company promote public awareness of their brand.
The product, which is presented as a bar of chocolate, can be successfully promoted in the market since, as we all know, people are becoming more health conscious and are all trying to maintain a healthy lifestyle. Most individuals can't help but enjoy chocolate.
What is promotion?
Promotion in marketing is any sort of marketing communication that aims to persuade target audiences of the relative qualities of a given good, service, idea, or brand. It aids marketers in establishing a memorable spot in clients' minds. This place can be either cognitive or emotional. Promoting a product or service is intended to raise brand awareness, spark interest, enhance sales, or foster brand loyalty. One of the fundamental components of the market mix, which also consists of the four Ps (product, pricing, location, and promotion), is this. One of the components of the promotional mix or promotional plan is promotion.
To know more about promoted check out:
https://brainly.com/question/11131986
#SPJ1
__is one of the basic subject areas that should be on a checklist of criteria for evaluating middlemen serving a market.
productivity is one of the basic subject areas that should be on a checklist of criteria for evaluating middlemen serving a market.
Productivity, in economics, productivity output per unit of input, such as labor, capital, or any other resource. It is often calculated for the economy as a ratio of gross domestic product (GDP) to hours worked.
Labor productivity may be further broken down by sector to examine trends in labor growth, wage levels, and technological improvement. Corporate profits and shareholder returns are directly linked to productivity growth.
At the corporate level, productivity is a measure of the efficiency of a company's production process, it is calculated by measuring the number of units produced relative to employee labor hours or by measuring a company's net sales relative to employee labor hours.
To know more about productivity , visit:-
https://brainly.com/question/22852400
#SPJ4
An inside ________ answers simple questions and completes transactions with customers, while an outside one may visit customers to replenish inventory stocks of resellers.
Answer - Order Tracker used in eCommerce. While an outside order tracker might visit customers to restock resellers' inventory supplies, an inside one responds to straightforward inquiries and completes transactions with customers.
eCommerce companies employ the practice of order tracking to monitor the status of consumer orders. The fulfilment of orders and customer service can both be enhanced using this information.
There are many ways to track orders, but the one that is most frequently used is an order management system. Order tracking capabilities are frequently built into eCommerce platforms, or your platform can integrate third-party technologies.
Customers can track the status of their orders using the order tracking feature. Usually, the order confirmation email or the website's order tracking page can be used to access this service.
To learn more about eCommerce, Click here:
https://brainly.com/question/14272248
#SPJ4
Akiko realizes the importance of developing a ________ for her interior design business. Akiko understands the importance of appropriately allocating resources in order to achieve the goals of her firm.
(1) financial forecast
(2) cash flow analysis
(3) market prediction
(4) budget
Answer: (4) budget
Akiko realizes the importance of developing a budget for her interior design business. Akiko understands the importance of appropriately allocating resources in order to achieve the goals of her firm.
A spending plan based on income and costs is called a budget. In other words, it's a projection of your income and expenses for a specific time frame, like a month or a year. a thorough breakdown of the projected costs to support the sponsored project.
All direct costs and facilities and administrative (F&A) (or overhead) costs necessary to accomplish the project's goals should be included in the budget.
To learn more about budget refer here:
https://brainly.com/question/15187865
#SPJ4
Asian Lamp Company manufactures lamps. The estimated number of lamp sales for the last three months for the current year are as follows:
Month Sales
October 10,000
November 14,000
December 13,000
Finished goods inventory at the end of September was 3,000 units. Ending finished goods inventory is budgeted to equal 25 percent of the next month's sales. Asian Lamp expects to sell the lamps for $25 each. January sales is projected at 16,000 lamps.
How many lamps should be produced in October?
a. 9,500 lamps
b. 10,000 lamps
c. 14,000 lamps
d. 10,500 lamps
Budgeted for ending completed products inventory is 25% of sales for the next month. Asian Lamp anticipates charging $25 for each lamp. 16,000 lights are expected to be sold in January. In October, 10500 lights should be manufactured. Here option D is the correct answer.
The sales estimate and the anticipated amount of completed goods inventory to be on hand are combined to create the production budget, which determines the number of products that must be made.
The following formula is used in the production budget to estimate how many units will be produced during a certain period:
Production budget = Budgeted sales units - Opening completed goods stock + closing finished goods stock.
Budgeted Production for October:
Budgeted Sales units for Oct 10000
Add: Desired ending inventory units 3500
Total requirement 13500
Less: Desired Beginning Inventory 3000
The budgeted Production unit in October 10500
To learn more about budgeted production
https://brainly.com/question/29839485
#SPJ4
gerald cooksie owns a restaurant in panama beach, florida. he has arranged a business loan with the bank where he has his business account. the terms of the loan allow him to borrow up to $13,500 within the next year if the bank has funds available to lend; he must pay interest only on the unpaid loan balance. cooksie has arranged
Answer: a line of credit must be established
Explanation:
enterprise resource planning systems (erp) support business supply chains by effectively delivering supply chain management (scm) in the following ways
Determining the number of materials, goods, and resources—including labor—that are needed is one of the key roles played by SCM. Using historical and real-time data, an ERP system with SCM capabilities automatically generates supply and demand projections, assisting businesses in fast adapting to their supply chains' continual change.
Planning, carrying out, controlling, and monitoring supply-chain operations are all part of supply chain management (SCM). An ERP solution handles the market component of successfully managing demand and supply to satisfy consumer requests as well as the market-related physical aspects of supply, such as storage and transportation. Transparency among the team members working on the supply chain process will be made possible by the ERP system. Additionally, it will improve vendor and company cooperation. Suppliers will also be linked to your ERP dashboard, enabling them to collaborate with you more successfully to achieve your objectives and eliminate bottlenecks. Supply chain management and ensuring that firms can react to market changes both depend heavily on ERP solutions.
To learn more about SCM click the link below:
brainly.com/question/25490682
#SPJ4
Practically speaking it is better for both parties if reasonable efforts are made to resolve controversies through the use of Alternative Dispute Resolution (ADR) procedures prior to the submission of a protest to the GAO or Federal Claims Court.
True
Practically speaking it is better for both parties if reasonable efforts are made to resolve controversies through the use of Alternative Dispute Resolution (ADR) procedures prior to the submission of a protest to the GAO or Federal Claims Court.TRUE
Alternative dispute decision, or external dispute decision, commonly denotes a wide range of dispute resolution methods and techniques that events can use to settle disputes with the help of a third birthday party. they're used for disagreeing parties who can't come to an agreement brief of litigation.
Alternative dispute resolution (ADR) refers to the distinct ways human beings can clear up disputes with out a trial. not unusual ADR techniques encompass mediation, arbitration, and neutral evaluation. these processes are commonly personal, much less formal, and much less disturbing than traditional court docket proceedings.
Learn more about Alternative Dispute Resolution here:https://brainly.com/question/23842872
#SPJ4
True or False, many social programs include some level of wealth redistribution, usually from the rich to the poor.
True. The purpose of many social programs is to reduce economic inequality by redistributing wealth from the wealthy to the less fortunate. This is done in order to provide resources to those in need and to promote social mobility. Such programs can include:
WelfareFood stampsHousing assistanceOther forms of aidThe Impact of Social Programs on Reducing Economic InequalityIn today’s modern world, economic inequality is a pervasive and growing problem. These programs can range from welfare, food stamps, and housing assistance to other forms of aid.
The impact of these social programs on economic inequality has been significant. By providing resources to those in need, social programs have helped to reduce poverty by providing people with access to basic necessities and a pathway out of poverty. Additionally, these programs have enabled social mobility, allowing individuals to gain access to educational and job opportunities that they would not have otherwise had. This has helped to reduce the gap between the wealthy and the poor by creating a more level playing field for those in poverty.
Learn more about Social Programs on Reducing Economic Inequality:
https://brainly.com/question/29283096
#SPJ4
Which of the following sets of financial statements generally cannot be prepared directly from the adjusted trial balance?
A. Income Statement, Balance Sheet, Statement of Cash Flows.
B. Income Statement, Statement of Cash Flows.
C. Statement of Cash Flows.
D. Balance Sheet and Statement of Cash Flows.
C - Statement of Cash Flows
This statement generally requires a significant amount of analysis to uncover the cash flows reported within. The adjusted trial balance presents ending account balances. The Statement of Cash Flows reports changes in cash by category. Cash flows are changes in cash and are categorized by type and reported in three categories: operating, investing, and financing.
Generally speaking, the following sets of financial statements cannot be created from the adjusted trial balance. Cash Flow Statement.
Briefing:-To find the cash flows reported in this statement, further investigation is typically needed. Ending account balances are shown in the adjusted trial balance. Changes in cash are shown on the Statement of Cash Flows by category. Changes in cash are known as cash flows, and they can be classified into three types: operating, investing, and financing.
Which of the following is not often included when creating a statement of cash flows?trial balance was adjusted. In preparing a statement of cash flows, adjusted trial balance is typically not employed.
Which of the following statements does not belong among the financial statements?Financial statements do not include a statement of owner investments.
To Know more about Cash Flow Statement.
https://brainly.com/question/15278261
#SPJ4
mary alice just won the lottery and is trying to decide between the options of receiving the annual cash flow payment option of $300,000 per year for 25 years beginning today, or receiving one lump-sum amount today. mary alice can earn 5% investing this money. at what lump-sum payment amount would she be indifferent between the two alternatives? (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.)
She would be indifferent between the two alternatives at the lump-sum payment amount of $3,387,590 is equal to $250,000 times 13.55036 (PVAD of $1: n = 25; I = 6%).
The amount of money that flows in and out of a business over the course of a fiscal year is referred to as its "annual cash flow."The primary distinction between cash flow and profit is that the former refers to the money that remains after all costs have been met, whereas the latter refers to the net flow of cash into and out of a business.Cash flow is crucial because it makes it possible for you to both fulfill your current financial obligations and make plans for the future. Cash flow, however, is a problem that many small businesses face.Hence, At the lump-sum payment amount of $3,387,590, which is equal to $250,000 times 13.55036 (PVAD of $1: n = 25; I = 6%), she would be unconcerned about either option.
Learn more about annual cash flow here: https://brainly.com/question/28536338
#SPJ4
Suppose that you have the following information about the market for players on your team:
Supply: W=5+N
Demand: W=35-2N
a. Draw this graphically and calculate the equilibrium wage and number of players on the team.
b. Suppose that the players union negotiates a roster size of only 5 players on a team. Draw this graphically and calculate the new equilibrium wage number of players on the team.
If supply: W= 5+N and Demand: W= 35-2N then the new equilibrium wage number of players on the team is 11.6.
As the equilibrium means
Supply= demand
5+N= 35-2N
N+2N= 35-5
3N=30
N=10
W=5+N=5+10=15
Equilibrium number of players is 10
Equilibrium wage is 15
Since the number of players on the team is now fixed at 5 this means demand of players has decreased whereas the supply is same.
Demand was
W=35-2N
2N=35-W
N= (35-W)/2
Now the demand has reduced by 5
N=[(35-W)/2]-5
N=(35-W-10)/2
N=25-W/2
Supply
W=5+N
N=W-5
Equating demand and supply
(25-W)/2= W-5
25-W=2W-10
25+10=2W+W
3W=35
W=35/3
W=11.6
To learn more about equilibrium wage
https://brainly.com/question/15044855
#SPJ4
identify the core values of quality management that are emphasized by the iso 9000 certification. (check all that apply.)
The ISO 9000 certification emphasizes quality management that is client-oriented and places a lot of attention on defining, meeting, and achieving customer satisfaction.
ISO 9000 is a set of international standards on quality management and quality assurance that were created to assist businesses in efficiently documenting the components of their quality systems in order to maintain an effective quality system.
Internationally acclaimed quality assurance and management standards are contained in the ISO 9000 series. It was created by the International Organization for Standardization with the intention of promoting the creation of products and services that satisfy standards of quality that are recognized around the world.
Read more about 9000 certification at
https://brainly.com/question/28238840
#SPJ4
Portions of the financial statements for Myriad Products are provided below.
MYRIAD PRODUCTS COMPANY
Income Statement
For the Year Ended December 31, 2018
($ in millions)
Sales $ 720 Cost of goods sold 252 Gross margin 468 Salaries expense $ 105 Depreciation expense 80 Patent amortization expense 5 Interest expense 20 Loss on sale of land 4 214 Income before taxes 254 Income tax expense 127 Net Income $ 127 MYRIAD PRODUCTS COMPANY
Selected Accounts from Comparative Balance Sheets
December 31, 2018 and 2017
($ in millions)
Year 2018 2017 Change
Cash $ 120 $ 112 $ 8 Accounts receivable 232 250 (18 )
Inventory 446 462 (16 )
Accounts payable 170 158 12 Salaries payable 86 98 (12 )
Interest payable 43 32 11 Income taxes payable 33 22 11 Required:
Prepare the cash flows from operating activities section of the statement of cash flows for Myriad Products Company using the direct method. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
Net Cash flow from Operating activities $290
The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:
Cash flow from Operating activities - Indirect method
Net income $145
Adjustment made:
Add: Depreciation expense $98
Add: Loss on sale of land $4
Add: Amortization expense $5
Less: Increase in cash balance -$8 ($138 - $130)
Add: Decrease in accounts receivable $16 ($261 - $277)
Add: Decrease in inventory $15 ($465 - $480)
Add: Increase in accounts payable $9 ($203 - $194)
Less: Decrease in salaries payable -$9 ($107 - $116)
Add: Increase in interest payable $7 ($57 - $50)
Add: Increase in income tax payable $8 ($48 - $40)
Total of Adjustments $145
Net Cash flow from Operating activities $290
There are three cash flow types that organizations should music and analyze to decide the liquidity and solvency of the business: cash flow from working sports, coins go with the flow from making investment sports, and cash go with the flow from financing sports. All 3 are covered on an organization's cash glide assertion.
Coins float is vital as it enables you to satisfy your existing financial obligations in addition to planning for the future. but, coins drift is a common mission amongst small businesses.
Learn more about Cash flow here https://brainly.com/question/735261
#SPJ4
Which of the following represents the three different levels of a company pyramid from the top to the bottom? Multiple Choice A) Managerial-Strategic- Operational B) Strategic - Managerial - Operational C) Operational - Managerial - Strategic D) Strategic- Operational Managerial
Strategic - Managerial - Operational are the three layers of a firm pyramid, from top to bottom. Thus, the correct choice is (B) Strategic - Managerial - Operational.
What exactly is a business pyramid?A pyramid scheme is a business strategy that recruits participants by promising money or services in exchange for enrolling others in the plan, as opposed to providing investments or selling items. As the number of members increases, recruiting becomes increasingly difficult, and most members are unable to earn; as a result, pyramid schemes are unsustainable and sometimes illegal.
Pyramid schemes have existed in various forms for at least a century. Some multi-level marketing programs have been labeled pyramid scams. An organization requires anyone who wants to join to pay a fee. In exchange, the group guarantees its new members a portion of the funds collected from each other member they recruit.
To learn more about the business pyramid, click
https://brainly.com/question/1382097
#SPJ1
you are involved as an expert witness in a case of alleged fraud by top management against a corporation. supposedly, working in collusion, top management defrauded the company of $5 million over two years. the allegations suggest that the fraud involved stealing $5 million and then concealing the fraud by overstating expense accounts and manipulating balance sheet accounts. following the initial discovery of this alleged fraud, shareholders of the company brought a lawsuit against top management. the prosecuting attorney for the shareholders has retained you to assist as an expert witness in this case. the case has already moved into the discovery phase.
The true statement is that shareholders of company brought a lawsuit against the top management.
Who is a shareholder?The term "shareholder" refers to an individual or legal entity (such as another corporation, a body politic, a trust, or a partnership) who is officially recognized by a corporation as the owner of shares of a public or private corporation's share capital. When a person or legal organization enters their name and other details in the company's register of shareholders or members, they become a shareholder. The Corporation is not required or permitted, unless required or permitted by law, to investigate the ownership of the Shares in dispute. The degree to which a shareholder controls the company depends on their shareholding proportion. Legally speaking, a corporation's stockholders are separate entities from the company itself.
To learn more about shareholder, visit:
https://brainly.com/question/29803660
#SPJ4
Which Of The Following Offers The Greatest Potential For Meaningful Interaction Between Buyers And Sellers? A) Testimonials B ) InfomercialS
C) Product Placement D) Online Advertising
Testimonials offer the best potential when it comes to the field of buying and selling goods and services
What are Testimonials?In business people who buy and use products often recommend these products to their friends and family members, however, this is largely dependent on how effective these products or services are.
In clear terms, the events where products and services are being recommended by an early user to an intended user are called testimonials.
Another Business marketing product called make Potential sale is Online Advertising.
Learn more about Marketing Testimonials here:
https://brainly.com/question/28260201
#SPJ1
A(n) _________inventory system adjusts for each change caused by a purchase, a sale, or a return of merchandise. (Enter only one word.)
Perpetual inventory system adjusts for each change caused by a purchase, a sale, or a return of merchandise.
A computerized point-of-sale system that continuously records inventory changes in real time, known as perpetual inventory, eliminates the need for manual inventory inspections. It properly reflects the quantity of goods on hand and offers a very detailed view of changes in inventory along with immediate reporting of the amount of inventory in stock.
With this approach, a business makes no effort to maintain thorough records of the products it has on hand; instead, purchases are noted as debits to the inventory database. In actuality, aspects like direct labor and material expenses and direct factory overhead costs are included in the cost of goods sold.
A periodic inventory system, by which a business keeps track of its inventory by routine physical counts, is set apart from a perpetual inventory system.
To know more about perpetual inventory:
https://brainly.com/question/29376941
#SPJ4
raw materials inventory has a march 31 balance of $94,500. raw materials purchases in april are $505,800, and total factory payroll cost in april is $394,900. actual overhead costs incurred in april are indirect materials, $52,900; indirect labor, $25,900; factory rent, $34,900; factory utilities, $21,900; and factory equipment depreciation, $56,800. predetermined overhead rate is 50% of direct labor cost. job 306 is sold for $660,000 cash in april.
The gross profit of $263,650 can be calculated using the information below.
What is meant by "cost allocation"?Cost allocation is the act of identifying and assigning costs to the cost items in your company, such as products, projects, or even an entire department or independent business branch.
What else does "gross profit" imply?Your gross profit is the selling price of your products less the manufacturing costs. For a service-based organization, it is the selling price of your service less the expense of the time it took to execute the task. Gross profit is the difference between total sales (also known as revenue or turnover) and the total cost of sales.
Raw Material= Opening Stock + Purchases= $94,500 + $505,800= $600,300
Indirect Material= $52,900
Indirect Labor= $25,900
Factory rent= $34,900
Factory utilities= $21,900
Factory equipment depreciation= $56,800
Total cost= Indirect material + Raw material + Indirect labor + Factory Rent + Factory utilities + Factory equipment depreciation
= $52,900 + $600,300 + $25,900 + $34,900 + $21,900 + $56,800
=792,700
Job 306 cost allocation : $792,700 X 50% = $396,350
Revenue of Job 306 : $660,000
Gross Profit = Revenue of Job 306 - Job 306 cost allocation
= $660,000 - $396,350= $263,650
Learn more about gross profit: https://brainly.com/question/16999019
#SPJ4
The complete question is:
raw materials inventory has a march 31 balance of $94,500. raw materials purchases in April are $505,800, and total factory payroll cost in April is $394,900. actual overhead costs incurred in April are indirect materials, $52,900; indirect labor, $25,900; factory rent, $34,900; factory utilities, $21,900; and factory equipment depreciation, $56,800. predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $660,000 cash in April. Costs of the three jobs worked on in April follow.
During July. Laesch Company which uses a perpetual inventory system, sold 1340 units from its LIFO-based Inventory, whic originally cost $20 per unit. The replacement cost is expected to be $28 per unit. Required: Respond to the following two independent scenarios as requested a Caset in July, the company is planning to reduce its inventory and expects to replace only 920 of these units by December 31, the end of its fiscal year. Prepare the entry in July to record the sale of the 1340 units. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) NO Debit Event 1 Credit A 3 Answer is not complete. General Journal Cost of goods sold Inventory Excess of replacement cost over LIFO Cost of inventory liquidation OOO (3) Prepare the entry for the replacement of the 920 units in September at an actual cost of $32 per unit. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Event NO А Debit Credit + Answer is not complete General Journal ventory Cost of goods sold Excess of replacement cost over LIFO cost of inventory liquidation Accounts payable OOOO b. Case 2 in July, the company is planning to reduce its inventory and expects to replace only 340 of its units by December 31. the end of its fent year (1) Prepare the entry in July to record the sale of the 1340 units. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is not complete. No General Journal Debit Credit Event 1 A Cost of goods sold Inventory OOO Excess of replacement cost over LIFO Coat of inventory liquidation (2) In December the company decided not to replace any of the 1.340 units. Prepare the entry required on December 31 to eliminate any valuation accounts related to the inventory that will not be replaced (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is not complete. No Event General Journal Debit Credit A 1 Excess of replacement cost over LIFO cost of inventory quidation Coot of goods sold
The accounts payable is $29440 and cost of gods sold is $2720.
S.no particulars Debit Credit
A) Cost of goods sold 34,160
Inventory 26,800
Excess of replacements cost over LIFO 7360
(To record the sales of 1,340 units of LIFO)
Inventory 18,400
Cost of inventory liquidated 7360
Cost of goods sold 3680
Accounts payable 29,440
(To replace the 920 units of LIFO base)
B) Cost of goods sold 29,520
Inventory 26800
Excess of replacement costs over LIFO 2720
(To record the sale of 1340 units of LIFO to be placed)
Excess of replacement costs over LIFO 2720
Cost of goods sold 2720
(To eliminate the remaining balance in LIFO valuation)
For more information on accounts payable visit:
https://brainly.com/question/25148915
#SPJ4
a company began january with 4,000 units of its principal product. the cost of each unit is $8. inventory transactions for the month of january are as follows: date of purchase purchases units unit cost* total cost january 10 3,000 $ 9 $ 27,000 january 18 4,000 10 40,000 totals 7,000 $ 67,000 * includes purchase price and cost of freight. sales date of sale units january 5 2,000 january 12 1,000 january 20 3,000 total 6,000 5,000 units were on hand at the end of the month.
Closing inventory costs at $46500 which has 5000 units. Thus, average cost is $9.3.
It is given that the beginning inventory is of $32000 i.e. units of 4000 and cost is $8. thus, 4000*8
There has been sale on jan 5 of 2000 units.
Thus, remaining inventory = 4000 - 2000 = 2000 units * $8 = $16000
Purchase on 10January of 3000 units at $9 = $27000
Thus, remaining inventory = $16000 + 27000 = 43000 and 5000 units. Thus, cost per unit = 43000/5000 = $8.6
sale on 12jan = 1000 units = $8.6 * 1000 = $8600
Thus, remaining inventory = 4000 units (5000-1000) at $34400 (43000-8600)
Purchase on Jan 18 = 4000 units at 10 = $40000
Remaining inventory = 8000 units of $74400. Thus, avg cost = $9.3
Sale on Jan 20 = 3000 units at $9.3 = $27900
Thus, remaining inventory = 5000 units of $46500.
To know more about Closing inventory
https://brainly.com/question/18913609
#SPJ4
if the federal government decreases its expenditures on goods and services by $10 billion and decreases taxes on personal incomes by $10 billion, which of the following will occur in the short run?
The aggregate income will decrease by up to $10 billion will occur in short run.
What is aggregate income?The sum of all incomes in an economy, excluding amounts that have been twice counted or adjusted for inflation or taxes, is known as aggregate income. A measure of GDP called aggregate income is the sum of consumption spending and net income. In economics, definition of "aggregate income" is very broad. It might represent the economic gains from all output for those who produced it. Although there are several ways to estimate total income, GDP is one of the most recognized and most popular. The economic production of a nation is gauged by its GDP. It is typically defined as the sum of the market values of all the goods and services produced over a specified time period after deducting the cost of the raw materials utilized in the production.
To learn more about aggregate income, visit:
https://brainly.com/question/13025066
#SPJ4