After computing the cost of inventory that was sold, The Cost of Goods sold is given as $1,334.30.
The calculations related to the exercise are as follows:From the information provided (see full question attached),
Inventory at hand as at November 1:
there are 29 Units of Inventory at the cost of $5.90 dollars each.Purchases:
118 units are purchased at $6.30 dollars each;59 units are purchased at $6.15 dollars each; and88 units are bought at $6.50 dollars each.If at the end of the period there are 25 units each form the purchases above and 7 from the existing inventory as at Nov. 1st, then the cost of goods sold is:
((29-7) X 5.9) +((118-25) x 6.3) + ((59-25) x 6.15) + ((88-25) x 6.5))
= $1,334.30
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What is meant by accounting
Answer:
accounting is a process of analysis and summarising business and financial transactions and verifying the reporting the results...
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PB10-4 (Algo) Comparing Bonds Issued at Par, Discount, and Premium [LO 10-3]
Marshalls Corporation completed a $540,000, 8 percent bond issue on January 1, 2021. The bonds pay interest each December 31 and mature 10 years from January 1, 2021.
Required:
For each of the three independent cases that follow, provide the amounts to be reported on the January 1, 2021, financial statements immediately after the bonds were issued
The amounts that would be reported on January 1, 2021, financial statements of Marshalls Corporation after the issuance of the bonds under these three independent cases are as follows:
Financial statements Case A Case B Case C
(Issued at 100) (Issued at 96) (Issued at 104)
a. Bonds Payable $540,000 $540,000 $540,000
b. Unamortized Premium
(or discount) $0 $21,600 $21,600
c. Carrying Value $540,000 $518,400 $561,600
Data and Calculations:Face value of bonds payable = $540,000
Bond interest = 7%
Bonds issued at par (at 100):
Face value of bonds payable = $540,000
Cash proceeds = $540,000
Unamortized premium (or discount) = $0 ($540,000 - $540,000)
Bonds issued at discount (at 96):
Face value of bonds payable = $540,000
Cash proceeds = $518,400 ($540,000 x 96%)
Unamortized discount = $21,600 ($540,000 - $518,400)
Bonds issued at premium (at 104):
Face value of bonds payable = $540,000
Cash proceeds = $561,600 ($540,000 x 104%)
Unamortized premium = $0 ($561,600 - $540,000)
Question Completion:Marshalls Corporation completed a $540,000, 7 percent bond issue on January 1, 2021. The bonds pay interest each December 31 and mature 10 years from January 1, 2018.
Required: For each of the three independent cases that follow, provide the following amounts to be reported on January 1, 2018, financial statements immediately after the bonds were issued: (Deductions should be indicated by a minus sign.) January 1, 2018—Financial statements Case A (Issued at 100) $ 650,000 Case B (at 96) 650,000 Case C (at 104) 650,000 $ $ a. Bonds Payable b. Unamortized premium (or discount) c. Carrying Value
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Swifty Corporation purchased a new machine on October 1, 2022, at a cost of $115,000. The company estimated that the machine will have a salvage value of $10,500. The machine is expected to be used for 10,000 working hours during its 5-year life. (a) Compute the depreciation expense under straight-line method for 2022. 2022 Depreciation expense $enter depreciation expense amount in dollar
The depreciation expense under straight-line method for 2022 is $5225.
What is the depreciation expense?The straight-line depreciation allocates the depreciation expense evenly over the useful life of an asset.
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
(115,000 - $10,500) / 5 = $20,900
Depreciation expense in 2022 = 3/12 x 20,900 = $5225
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How do companies effectively go global?
Answer:
Some of the specific advantages presented by successfully growing globally include:
•You can extend the sales life of existing products and services by finding new markets to sell them in.
•You can reduce your dependence on the markets you have developed in the United States.
and more....
Explanation:
hope it helps......
Tali has recently joined a sports center as a service assistant. She's asked to set up a phone conference with several people she hasn't met yet. How should Tali begin the meeting to show that she understands professional conduct? O A. She should start off with a joke or a funny story. OB. She should talk about the most recent activities of the sports center. OC. She should introduce herself and explain the purpose of her call. OD. She should ask each person on the call to do a self-introduction.
Answer:
C -- She should introduce herself and explain the purpose of her call.
Explanation:
It is most professional to introduce herself this way. Also, Tali wants to show that she understands professional conduct.
Hope this helps! Please let me know if you need more help or think my answer is incorrect. Brainliest would be MUCH appreciated. Have a wonderful day!
How are the effects of inflation and a recession similar, and how are
they different?
Answer:
When the price of goods and services rises, inflation happens; when the price of goods and services falls, deflation occurs. The delicate balance between these two economic circumstances, which are opposite sides of the same coin, is difficult to maintain, and an economy can quickly shift from one to the other.
A recession occurs when the Gross Domestic Product falls for two consecutive quarters, resulting in a reduction in overall economic activity. Inflation, on the other hand, is the rise in the price of goods and services over time in a given economy.
match the scenario to the type of mental health issue described ?.
the scenario to the type of mental health issue described
and then you have to explain it and make sure you think of your response if you want to know your answer you gotta work hard on your research so it helps you understand
b) Outline any five factors that an entrepreneur should put into consideration when starting a business.
Consider the need your company meets. Perhaps your product can accelerate a problem or process, prevent a loss, or provide a service that your community needs. Your location may also be important if you can provide services like good food, laundry, or repair to a neighborhood that lacks them.
2) Business StructureConsider whether you will work with others or alone. If you intend to collaborate with others, ascertain what type of business structure best suits your needs. People who want to share decision equally-making and risk should form a partnership. Investors in a corporation or limited partnership have little or no control over business operations.
3) Supplies and sourcingConsider the tools and stuff you will need. Consider your needs for manufacturing and purchasing. A store might need displays, decorations, and a way to pay, while a restaurant needs cooking tools and special storage. Add raw materials and packaging to your list. Your business may require specific phones, computers, or fax machines. If you are going to be away from home, think about how you will get there and what tools you will need.
Consider whether you value local or organic sourcing, vegan processing, or no animal testing in your purchasing decisions. If possible, test or inspect materials before purchasing. Trade shows and free samples may be offered by some suppliers before a purchase is made.
4) LocationThink about where you would like to start your company. When shipping or providing a service, you may be able to operate your business from home. For a storefront, think about how much rent you can afford and how appealing the place is to people. Consider material storage, large equipment, and convenient delivery or shipping locations.
5) MarketingConsider the various ways in which you can spread the word about your venture. Your target market may help you decide where to advertise. An experienced marketing consultant can help you create a comprehensive marketing strategy for your business.
I hope this helps you
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Which of the maturity lengths between the bonds, bills, and notes would be most advantageous during a bear market?
Answer:
perhaps bonds, but I'm not 100%sure
Yessica is an exchange student from Spain. She is currently studying at a college in Maryland.
Yessica's primary language is Spanish. Yessica is most likely to experience what type of
common communication barrier?
A) Lack of honesty
B) perception
C) language
D) information medium
The communication barrier Yessica is likely to face as an exchange student from Spain is language.
What is a communication barrier?Communication barrier is a thing or a factor that stands in the way of effective communication. Yessica is from Spain and she is studying in Maryland. In Spain, Spanish is spoken and in Mayland, English is spoken, thus there is a difference in language and this would stand in the way of effective communciation.
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2. If the CPI is 100 in 2004 and 103 in 2005, then what is the inflation rate?
The inflation rate of the country given the CPI IN 2004 and 2005 is 3%.
What is the inflation rate?
Inflation rate is when there is a persistent rise in the general price levels of a country. The consumer price index is used to measure the price level of a basket of goods.
Inflation rate = (CPI in 2005 / CPI in 2004)
(103 / 100 )= 0.03 = 3%
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The manager of operations at Beta Industries, has decided to change careers. For years, the company has been a market leader in manufacturing DVD players, but sales—and the manager’s advancement opportunities—have been declining for years. He told his wife, "Recent __________ have allowed smartphones and streaming to emerge as substitutes for DVD players. That's reality, and I need to face it."
The manager of operations at Beta Industries most likely told his wife that smartphones and streaming became substitutes thanks to advances in technology.
Why are smartphones and streaming now considered substitutes?As a result of technological advances which continually strive to improve on what is already there, there have been newer technological devices.
Smartphones and streaming services are examples of some of these advances and they have emerged as strong substitutes to DVD players which are not as mobile.
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How you will differentiate the company from
competitors
Market Analysis
Your mission statement
Competitive Analysis
Suppliers your company relies on to produce its
products
Organization
The amount of funding needed to start the
company
Executive Summary
A description of your competitors
Products and Services
Your advertising plan
Financial Analysis
The financial history of the company
Marketing and Sales
A description of the needs and desires of your
potential customers
Funding Request
A description of the departments in the
company
Goals and Strategy
Answer:
Talkwalker Competitor Analysis
Want to find out what the competition is up to? What's working for them and what strategic mistakes they're making? With Talkwalker's competitor analysis, you can easily compare performance across all your important channels.
Compare performance of multiple brands, hashtags and keywords
Benchmark with KPIs that matter: Engagement, volume, sentiment, business impact metrics
Identify opportunities and find competitors' weaknesses
The best global coverage: Social networks, news, blogs and forums
Explanation:
Question 5 of 20
If you invest your money today, your future purchasing power will most likely
A. go up and down
B. stay the same
C. increase
O D. decrease
SUBMIT
When you invest your money, it is likely that in future your purchasing power will A. go up and down.
What will happen to your purchasing power?If you invest your money today, there is a chance that you will get back more money than you deposited, or less than you deposited.
This means that you will either have more money or less money to purchase goods and services. In other words, your purchasing power will go up and down.
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A company has budgeted total overhead of $10,575 at actual units produced and actual total overhead of $9,775. The controllable variance is:
Assuming a company has budgeted total overhead of $10,575 at actual units produced. The controllable variance is:$800 F.
Controllable varianceUsing this formula
Controllable variance= Actual units produced - Budgeted total overhead
Where:
Actual units produced=$9,775
Budgeted total overhead=$10,575
Let plug in the formula
Controllable variance=$9,775-$10,575
Controllable variance=$800F
Inconclusion the controllable variance is:$800 F.
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Business transactions
Answer:
A business transaction is a financial transaction between two or more parties that involves the exchange of goods, money, or services
Emily works for a small company, where she is the only employee who
handles payroll. What is the best option for the company to ensure that Emily
does not commit payroll fraud?
A. The company should have a different employee handle payroll.
B. The company should conduct an extensive background check.
C. The company should make sure that Emily's office and computer
are monitored.
D. The company should have an outside source review the payroll.
The best option for the company to ensure that Emily does not commit payroll fraud is that the company should have an outside source review the payroll.
What is a payroll fraud?This type of fraud is related to theft of cash from a business via the payroll processing system.
Hence, having an outside source review the payroll to crosscheck the payroll before any payment is made.
Therefore, the Option C is correct.
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Consider a single period problem where the riskless interest rate is zero, and there are no taxes. A firm consists of a machine that will produce cash flows of $210 if the economy is good and $80 if the economy is bad. The good and bad states occur with equal probability and the covariance of these states with the market portfolio is zero (no systematic risk). Initially, the firm has 100 shares outstanding and debt with a face value of $50 due at the end of the period. What is the share price of the firm
Assuming the firm has 100 shares outstanding and debt with a face value of $50 due at the end of the period. The share price of the firm is $0.95.
Share priceFirst step is to calculate the expected payoff to equity
Expected equity=[($80 ×0.5) + ($210 × 0.5)]-$50
Expected equity=($40+$105)-$50
Expected equity = $145-$50
Expected equity=$95
Now let calculate the share price
Share price=$96/100 shares
Share price=$0.95
Inconclusion the share price of the firm is $0.95.
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Match each graph with the correct location where it could be used in that scenario.
Answer:
f
Explanation:
the first is with the fourth and the third is with the second and 1 is with 1
Answer: Purple- top left
green- top right
blue- bottom left
red-bottom right.
Explanation:
The economic inefficiencies of monopolistic competition may be offset by the fact that:.
The economic inefficiencies of monopolistic competition may be offset by the fact that consumers have variations of the product from which to choose from.
What is monopolistic competition?This is a type of market competition that exists given that there are a number of producers that are in competition against each other.
In this type of competition, the products that are selling are not perfect substitutes. Theyu are differentiated from each other.
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Sara enters into a contract to sell her vacation condo to Ted for a certain price on a specific day. On that day, Sara unconditionally offers to perform. Sara’s offer
The fact that Sara unconditionally offered to perform according to the contract that she entered into with Ted b. constitutes tender of performance.
What is a tender of performance?A Tender of Performance is the requirement that a person ought to do as a result of them being in a contract, or the law ordering them to do so.
Sara performed her side of the contract which means that she performed her tender of performance according to the terms of the contract with Ted.
Options for this question include:
a. conditions Ted's promise to pay for the property.
b. constitutes tender of performance.
c. excuses the parties' performance under the contract.
d. suspends the parties' contractual obligations.
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It Isn't necessary to consider convenlence Issues when selecting a bank.
O True
O False
Design Thinking is the discipline of developing solutions to create significant
value for clients by keeping end user experience at its core.
True or False?
8.1. In the article the author confirms that a reduction of the budget deficit is imperative. Briefly discuss the possible methods of achieving this objective which are mentioned by the author as part of his thoughts. (3) 8.2. What is the main conclusion in terms of where to from hereby the author in this article? (3)
The method of achieving the reduction in the budget deficit is to simply reduce expenses and increase tax.
What is a budget deficit?It should be noted that budget deficit simply means when the expenses is more than the revenue.
In this case, the method of achieving the reduction in the budget deficit is to simply reduce expenses and increase tax. This is needed to improve the budget.
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What role does a company like UPS play in the supply chain?
Assume that John Smith is a salesperson employed by McCrackin Company. Smith's regular rate of pay is $36 per hour, and any hours worked in excess of 40 hours per week are paid at 1½ times the regular rate. Smith worked 42 hours for the week ended October 27. What are his total earnings for the week?
a. $2,268
b. $1,548
c. $1,512
d. $2,548
impact of legislation on employees
Assume that product Adam, a product designed for the High-End segment, can reach its full potential market share next year. A good estimate for its full potential market share can be taken from the current year's market intelligence information. How much product should be produced to reach the full potential of the segment next year
The units of production of Adam to reach the full potential of the segment next year depends on its share of the market segment and the total potential market demand.
For instance, if the share of the market segment owned by Adam is 60% with total potential market demand of 20,000 units, the production units should be 12,000 units (20,000 x 60%).
What is market share?The market share refers to the percentage of an industry or a market's total sales earned by each participating company or brand over the past period.
The market share can be calculated as follows:
Market share = Adam's sales/Total market sales x 100
For example:The market share last year = 60% (6,000/10,000 x 100)
Because sales of Adam = 6,000
And market demand = 10,000
Thus, based on the company's or Adam's market share and the total potential market demand for the coming year, the production unit of Adam can be computed as 12,000 units.
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What is meant by accounting
Answer:
the action or a process of keeping financial accounting
Answer:
Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities.
Explanation:
if u Wanted the most corpo answer
NEED HELP PLEASE
1. Explain why celebrity endorsements are risky agreements for companies.
2. Why do you think the FTC creates laws governing celebrity endorsements? To whom do these laws benefit?
Answer:
The FTC created laws governing celebrity endorsements to protect all parties involved in the endorsement because without them, celebrities could lie about their contracts
Explanation: