Leimersheim GmbH has adopted the following policies regarding merchandise purchases and inven-
tory. At the end of any month, the inventory should be €15,000 plus 90% of the cost of goods to be

sold during the following month. The cost of merchandise sold averages 60% of sales. Purchase terms
are generally net, 30 days. A given month’s purchases are paid as follows: 20% during that month and
80% during the following month.
Purchases in May had been €150,000 and the inventory on May 31 was higher than planned
at €230,000. The manager was upset because the inventory was too high. Sales are expected to be
June, €300,000; July, €290,000; August, €340,000; and September, €400,000.
1. Compute the amount by which the inventory on May 31 exceeded the company’s policies.
2. Prepare budget schedules for June, July, and August for purchases and for disbursements for
purchases.

Answers

Answer 1

1. The amount by which the inventory on May 31 exceeded the company’s policies is €53,000.

2. The preparation of the budget schedules for June, July, and August for purchases and for disbursements for purchases is as follows:

a) Purchases:

May June July August

Cost of goods sold 180,000 174,000 204,000

Ending Inventory €230,000 171,600 198,600 231,000

Goods available for sale 351,600 372,600 435,000

Beginning Inventory 230,000 171,600 198,600

Purchases €150,000 121,600 201,000 236,400

b) Disbursement for purchases:

May June July August

20% during the month 24,320 40,200 47,280

80% following month 120,000 97,280 160,800

Total disbursements €144,320 €137,480 €208,080

How is the difference between actual inventory and inventory per company policy determined?

Expected ending inventory = €15,000 plus 90% of the next month's cost of goods.

Cost of goods sold = 60% of sales

Purchase terms = net 30 days

Purchase payments:

20% during the month

80% following month

May June July August September

Expected Sales €300,000 €290,000 €340,000 €400,000

Cost of goods sold 180,000 174,000 204,000 240,000

Purchases €150,000

Ending Inventory €230,000

= €15,000 plus 90% of €180,000 = €177,000

Excess ending inventory for May = €53,000 ( €230,000 - €177,000)

Data and Calculations:Purchases:

May June July August September

Expected Sales €300,000 €290,000 €340,000 €400,000

Cost of goods sold 180,000 174,000 204,000 240,000

Ending Inventory €230,000 171,600 198,600 231,000

Goods available for sale 351,600 372,600 435,000

Beginning Inventory 230,000 171,600 198,600 231,000

Purchases €150,000 121,600 201,000 236,400

Disbursement for purchases:

20% during the month 24,320 40,200 47,280

80% following month 120,000 97,280 160,800

Total disbursements €144,320 €137,480 €208,080

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Related Questions

What is the role of the Federal Reserve in the U.S. economy?
OA. Managing monetary policy
B. Offering loans to poor citizens
C. Balancing the federal budget
OD. Setting income tax rates

Answers

Answer: The correct answer:

A. Managing monetary policy.

The Global Community Bank, under terms of its long-term banking agreement with the company, has agreed to lend the company additional monies should you elect to use debt to help finance growth and other financial needs; the interest rate the GCB will charge on such loans is tied to the term of the loan (1-year, 5-years, 10-years) and also to

Answers

The interest rate to be charged is tied to the loan term, company's credit rating and going rates of interest in world financial markets.

What is an Interest rate?

An Interest rate refers to an amount charged by a lender on a debt which is expressed as a percentage of the principal.

Hence, the interest rate to be charged is tied to the loan term, company's credit rating and going rates of interest in world financial markets.

In conclusion, the Option D is correct.

Answers

When accounting for inventory through financial reporting, proper inventory valuation is crucial. The inventory balance of Readers' Corner will increase by $580,500 net.

What is meant by Inventory balance?

Inventory Balance denotes the monetary amount of the Inventory as of the measurement date, based on the Seller's or one or more of its Affiliates' standard costs as described above for the purposes of such measurement.

The effects (direction and amount) of each transaction on the Inventory balance of Readers' Corner exist as follows:

Transaction Effects on Inventory Balance

a) +$595,000

b) -$14,500

c) None

Balance $580,500

The inventory balance will not contain the cash payment of $580,500 earned by Readers' Corner because the transaction does not concern the inventory account unlike transactions (a) and (b).

a) August 31: Cost of merchandise = $595,000

Inventory $595,000 Accounts Payable (New Books) $595,000

b) September 2: Trade Allowances = $14,500

Accounts Payable (New Books) $14,500 Inventory $14,500

c) September 5: Cash payment = $580,500

Accounts Payable (New Books) $580,500 Cash $580,500

Therefore, the inventory balance of Readers' Corner will increase by $580,500 net.

The complete question is:

The transactions listed below are typical of those involving New Books Inc. and Readers’ Corner. New Book is a wholesale merchandiser and Readers’ Corner is a retail merchandiser. Assume all sales of merchandise from New Books to Readers’ Corner are made with terms n/30, and the two companies use perpetual inventory systems. Assume the following transactions between the two companies occurred in the order listed during the year ended August 31. (a) New Books sold merchandise to Readers’ Corner at a selling price of $595,000. The merchandise had cost New Books $433,000.(b) Two days later, Readers’ Corner complained to New Books that some of the merchandise differed from what Readers’ Corner had ordered. New Books agreed to give an allowance of $14,500 to Readers’ Corner. (c) Just three days later, Readers’ Corner paid New Books, which settled all amounts owed. Indicate the effect (direction and amount) of each transaction on the Inventory balance of Readers' Corner. (Enter all amounts as positive values.)

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The Bruin's Den Outdoor Gear is considering a new 7-year project to produce a new tent line. The equipment necessary would cost $179 million and be depreciated using straight-line depreciation to a book value of
zero. At the end of the project, the equipment can be sold for 15 percent of its initial cost. The company believes that it can sell 28,500 tents per year at a price of $74 and variable costs of 33 per tent. The fixed costs
will be 5495,000 per year. The project will require an initial investment in net working capital of $233,000 that will be recovered at the end of the project. The required rate of return is 117 percent and the tax rate is 40
percent. What is the NPV?

Answers

add 5495,000 and 233,ooo I hope this helped

According to this question, the NPV is $519,084.61 of this project calculating through Net Present Value formula.

What is Net Present Value?

Net Present value is a tool of capital budgeting which is used for financial analysis and the profitability of a project or investment.

Net Present Value is calculated by taking the difference between the present value of cash inflows and present value of cash outflows over a period of time.

For every organisation, it is an important factor to calculate this it may help to take decisions regarding the expansion of business and investment very wisely.

Therefore,

Net Present Value = Rt / (1+i) t

where,

Rt = net cash flow

i = discount rate

t = time of cash flow

So, NPV is $ 519,084.61

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A _____ is something you would like to accomplish in the near future: a day, a week, or even a few months from now.

short-term goal
long-term goal
intermediate goal
specific goal

Answers

Answer:

short term goal im pretty sure

Explanation:

Answer:

short term goal mark him brainlest though

Explanation:

I need to do this writing assignment for English business. Can you help me with that?

Answers

In English business writing, clarity and conciseness are important aspects that must be considered. The purpose of business writing is to effectively convey a message to a specific audience, be it clients, employees, stakeholders, or other businesses.

Business writing must be engaging, yet professional. It should be written with a clear understanding of the target audience and the intended purpose of the message. Before writing, it's essential to consider the following factors: What is the objective of the message? Who is the intended audience? What is the tone of the message? What is the call to action?

The format and tone of business writing are usually formal. It's important to avoid using jargon, complex sentences, and other technical terminologies that may not be understood by the audience. Simplicity is key when it comes to business writing. The use of active voice and short sentences will make the message clear and concise. Business writing should have a clear introduction, body, and conclusion. In the introduction, the main point of the message should be stated, followed by the body where more details about the topic are provided.

In the conclusion, the call to action should be clearly stated. The message should end with a polite and friendly tone, inviting further communication and showing appreciation for the audience's attention.

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15. Although she hates the work, Jessica has spent most weekends and the last three summers as a short-order cook; she has an associate's degree in paralegal
studies; she loves to ride and spends every spare minute helping her uncle with his three horses. Now that she's planning to start a business, her best choice
would probably be a
O A. fast-food franchise.
O B. riding stable.
© C. restaurant.
D. legal research service.

Answers

I think answer is (b) number because she loves to ride and spend every spare minute helping her uncle with his three horses.

why do we have a graduated income tax? in your own words.

Answers

I think it because the higher salary you get the higher tax you pay ,it the fairest system because it lessens the burden of the poor,it makes it easy for they ones who are unfortunate but it also encourages them to work harder

Explanation:

above

what is a downword slope

Answers

Answer:

Downward slope refers to the choice of obtaining demand through the customer however it is subsidized through shopping and willingness to pay the price. The demand regulation states that there's an inversely proportional relationship between the price and demand or quantity of a commodity.

Explanation:

Hope dis help

The accompanying graphs illustrate an initial equilibrium for the economy. Suppose that oil prices increase temporarily.

Use the graphs to show the new positions of aggregate demand (AD), short-run aggregate supply (SRAS), and long-run aggregate supply (LRAS) in both the short-run and the long-run, as well as the short-run (ESR) and long-run (ELR) equilibria resulting from this change. Then answer what happens to the price level and GDP.

Answers

In response to the temporary increase in oil prices, the short-run equilibrium experiences a higher price level and lower GDP, while the long-run equilibrium sees a higher price level and unchanged GDP.

In the short-run, the AD curve shifts leftward due to the increase in oil prices. This is because higher oil prices increase production costs for firms, leading to reduced consumption and investment spending by households and businesses.

As AD shifts leftward, it intersects with the SRAS curve at a new short-run equilibrium (ESR). At this new equilibrium, the price level increases while GDP decreases compared to the initial equilibrium.

In the long-run, the SRAS curve adjusts to the higher oil prices as firms gradually reduce production and adjust their input costs. This adjustment reflects the fact that higher oil prices affect the overall cost structure of the economy.

As the SRAS curve shifts leftward, it eventually intersects with the LRAS curve at a new long-run equilibrium (ELR). At this equilibrium, the price level is higher than the initial equilibrium due to the higher oil prices. However, GDP returns to its potential level determined by the LRAS curve.

Therefore, in response to the temporary increase in oil prices, both the price level and GDP initially decrease in the short-run but eventually stabilize in the long-run, with a higher price level and unchanged GDP compared to the initial equilibrium.

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The opportunity cost of making a component part in a factory with no excess capacity is the: (CMA adapted)

Answers

Answer:

Answer Choices

The opportunity cost of making a component part in a factory with no excess capacity is the

(A) Variable manufacturing cost of the component.

(B) Fixed manufacturing cost of the component.

(D) Net benefit given up from the best alternative use of the capacity.

Answer is D

Net benefit given up from the best alternative use of the capacity.

Explanation:

When we talk about opportunity cost, we simply look at the potential benefits a business, investor or person could miss when selecting a particular alternative over another. This is a major concept in economics.

If one is not careful, opportunity costs can be readily overlooked and when one tries to understand the missed opportunities in choosing one option over another, that individual would be able to make better decisions.

Stephen and Martha have spent months looking for their dream home. One day they saw it and fell in love with everything about the house, and they asked the realtor to draw up a purchase agreement, which they then signed. After signing the papers, they asked the realtor whether the house was in good shape. The realtor said it was. When the couple moved into the house, they realized that the basement had serious water problems and that the roof leaked. They now want to sue the realtor. What tort should they consider? If they sue the realtor for this tort, will they win? Why or why not? Explain.

Answers

Stephen and Martha can sue the realtor for the unethical behavior, by filing the claim with the association.

What claim can be file by the buyers against of the realtors for the unethical behavior?

If buyer is handover with the property by giving the false statements by the realtors, then a complaint can be filled within 180 days from the day, it took place.

If complaint would be find valid by the grievance committee, the case will go to the hearing committee where the buyer can prove his claim by telling how Code of Ethics was violated.

If realtor found to be guilty, then he could be charged with the fine.

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Subjective Questions
1. Why are professional roles important in ethics?
2. What is a strongly differentiated profession? Give examples.
3. Why some professions are not strongly differentiated? Give examples.
4. "The role of computer professional is not strongly differentiated.' Why?
Please need help in my question

Answers

Answer:

2.look at explanation.

Explanation:

2.Profession refers to type of a job that needs special training or skill after getting certain knowledge related to particular Sector

PLATO

Type the correct answer in the box. Spell all words correctly.
Which C of the four Cs of marketing relates to the place element of the marketing mix?
The element of the four Cs relates to the place element of the marketing mix.

Answers

The C of the four Cs of marketing relates to the place element of the marketing mix is "Convenience."

What is Convenience in marketing mix?

Convenience refers to the ease and accessibility with which customers can obtain a product or service. In the context of the marketing mix, the place element focuses on making products available to the target market in the right locations at the right time. It involves decisions related to distribution channels, logistics, and the physical availability of products or services.

Convenience is an essential factor in customer decision-making. If a product or service is conveniently located and easily accessible, it enhances the overall customer experience and increases the likelihood of purchase.

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managerial accounting connect assignment 1

Answers

Managerial accounting is a process of demonstrating the financial situation of a company through financial data and reports for a period.

What are the benefits of accounting for a business?

Accounting contributes to managerial decision-making that is more focused and aligned with the real financial situation and needs of the company, through reports that allow the manager to analyze, organize, control and better correct organizational finances.

Therefore, management accounting is a tool that contributes to management through accounting reports and projections that help in focused decision making.

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Vernon Medical Clinic has budgeted the following cash flows.
January February March
Cash receipts $ 117,000 $ 123,000 $ 143,000
Cash payments
For inventory purchases 98,500 80,500 93,500
For S&A expenses 39,500 40,500 35,500
Vernon Medical had a cash balance of $16,500 on January 1. The company desires to maintain a cash balance of $10,000. Funds are assumed to be borrowed, in increments of $1,000, and repaid on the last day of each month; the interest rate is 3 percent per month. Repayments may be made in any amount available. Vernon pays its vendors on the last day of the month also. The company had a monthly $40,000 beginning balance in its line of credit liability account from this year’s quarterly results.

Answers

The journal entries for Vernon Medical Clinic is given below:

The Journal Entries

Cash Budget January February March

Cash receipts

Beginning cash balance 16500 10300 10000

cash receipts 117000 123000 143000

Total cash available [1] 133500 133300 153000

Cash payments

For inventory purchases 98500 80500 93500

For S & A Expenses 39500 40500 35500

Interest expense 40000*3%=1200 56000*3%=1680 55380*3%= 1661

Total budgeted disbursements [2] 139200 122680 130661

Excess of receipts over disbursement [1-2] -5700 10620 22339

Financing activities

Borrowing /(repayment) 16000 (620) (12339)

Ending cash balance 10300 10000 10000

Working note:

a)For month of January,Amount borrowed = Desired ending balance - Excess of receipts over disbursement

= 10000 - (-5700)

= 10000 +5700

= 15700 (rounded to nearest 16000)

Since the amount is borrowed in increments of 1000 ,amount borrowed is nearest to 16000

b)Amount financed at end of January = 40000 (beginning ) +16000 additional borrowing = 56000

c)Amount financed at end of February = 56000 (beginning ) -620 repatyment= 55380

Answers

To the nearest dollar, the amount of savings each year for 20 years the father requires to deposit at the end of each year is $163,248.

How are the annual savings computed?

The annual savings are like the annual payments made into the retirement account.

These annual savings compounded yield a present value of $1,300,000 in addition to the father's current savings of $200,000.

The present value at retirement should total $1,500,000.

Real interest rate = 7%

Inflation rate = 4%

Nominal interest rate = 11%

N (# of periods) = 20 years

I/Y (Interest per year) = 11% (7% + 4%)

PV (Present Value) = $1,300,000 ($75,000 x 20 - $200,000)

FV (Future Value) = $0

The total amount required for retirement in 20 years = $1,500,000 ($75,000 x 20)

Results:

Annual Savings = $163,248.33

Sum of all periodic savings = $3,264,966.56

Total Interest - $1,964,966.56

Thus, the annual savings required for retirement in 20 years is $163,248.

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Question: The Gross National Product (GNP) Of A Certain Country Was .N(T) = T2 + 5t + 106 Billion Dollars Years After 1980. At What Rate Was The GNP

Answers

The rate of growth of GNP is 2t + 5 million dollars per year.

To determine at what rate the Gross National Product (GNP) was growing, we have to differentiate the equation of the GNP with respect to time (t).The Gross National Product (GNP) of a certain country was .N(t) = t2 + 5t + 106 billion dollars years after 1980.

We need to find the rate of growth of GNP.

Using the power rule of differentiation, we can differentiate the above equation with respect to time (t).Therefore,N'(t) = d/dt (t² + 5t + 106)N'(t) = 2t + 5We now have the derivative of the GNP equation with respect to time (t). It tells us the rate of change of GNP concerning time (t).Therefore, the rate of growth of GNP is given byN'(t) = 2t + 5 million dollars per year.

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Adams Furniture receives a special order for 10 sofas for a special price of $6,400. The direct materials and direct labor for each sofa are $160. In addition, supervision and other fixed overhead costs average $180 per sofa.
Required:
a1. What is the impact on operating income from accepting the special order?
a2. Based solely on a short-term financial analysis, should Adams accept the special order?
b1. If Adams is currently operating at full capacity, what would be the opportunity cost per unit for lost sales to regular customers if the special sales order is accepted and the selling price per unit on regular sales equals $750?
b2. Based solely on a short-term financial analysis, should Adams accept the special order if it is currently operating at full capacity?

Answers

The operating income from special order is $1400 and the opportunity cost per unit for lost sales to regular customers is $430.

What is the impact of the special order on the operating income?

a1. To determine the impact on operating income from accepting the special order, we need to calculate the total cost per sofa and compare it to the special price of $6,400 for 10 sofas.

Total cost per sofa = Direct materials + Direct labor + Fixed overhead

Total cost per sofa = $160 + $160 + $180

Total cost per sofa = $500

Revenue from special order = $6,400

Operating income from special order = Revenue - Total cost

Operating income from special order = $6,400 - ($500 x 10)

Operating income from special order = $1,400

Therefore, the impact on operating income from accepting the special order is an increase of $1,400.

a2. Based solely on a short-term financial analysis, Adams should accept the special order since it will result in an increase in operating income.

b1. If Adams is currently operating at full capacity, accepting the special order will require the company to forgo regular sales to its customers. The opportunity cost per unit for lost sales to regular customers can be calculated as follows:

Opportunity cost per unit = Selling price per unit - Total variable cost per unit

Opportunity cost per unit = $750 - $320

Opportunity cost per unit = $430

Therefore, the opportunity cost per unit for lost sales to regular customers is $430.

b2. Based solely on a short-term financial analysis, whether Adams should accept the special order if it is currently operating at full capacity depends on whether the contribution margin from the special order is greater than the opportunity cost per unit for lost sales to regular customers.

Contribution margin per unit = Selling price per unit - Total variable cost per unit

Contribution margin per unit = $6,400 / 10 - $320

Contribution margin per unit = $640 - $320

Contribution margin per unit = $320

Since the contribution margin per unit of $320 is greater than the opportunity cost per unit for lost sales to regular customers of $430, Adams should accept the special order. However, it's worth noting that accepting the special order could have long-term consequences on the company's relationships with its regular customers.

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Which of the following individuals is using stress management techniques?
A.
Preston gets really stressed if he gets behind so he will occasionally stay late after work in order to stay on schedule.
B.
Emily used to get really nervous asking her boss questions, but then she changed her perspective when she realized that her boss appreciates her asking questions.
C.
Zach always plays basketball with co-workers after they have a stressful day.
D.
All of the above
ANSWER IS NOT OPTION A (Preston) THAT IS ALL I KNOW. WILL GIVE BRAINLIEST

Answers

It's

D. All of the above

hope this helps

Which of the following individuals is using stress management techniques?A. Preston gets really stressed

Answer:

all the above

Explanation:

On June 15, 2021, Allen sold land held for investment to Stan for $65,000 and an installment note of $300,000 payable in five equal annual installments beginning on June 15, 2022, plus interest at 10%. Allen’s basis in the land is $255,500. What amount of gain is recognized in 2021 under the installment method?

Answers

Using the installment method means that the amount of gain that will be recognized in 2021 is $27,857.14.

How to use the installment method to find gain recognized?

When a payment is to be made in installments, then the gain to be recognized in a year can be found by the installment method:

= Profit margin x Amount paid in 2021

The Profit margin can be found by the formula:

= ( Selling price of land - Seller's basis in the land) / Seller's basis in the land

= ( ( 300, 000 + 65, 000) - 255, 500) ) / 255, 500

= 109, 500 / 255, 500

= 42. 857 %

The gain to be recognized on the land sold by Allen to Stan is therefore:

= 42. 857 % x $ 65, 000

= $27,857.14

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Summary of significant accounting policies would not include

Answers

Summary of significant accounting policies would not include specific financial transactions or events, detailed explanations of specific accounting standards or principles, or specific financial statement disclosures.

It is a section in the financial statements that provides an overview of the accounting policies adopted by a company and the judgments made in applying those policies. It typically includes information on the measurement bases used, revenue recognition policies, expense recognition policies, depreciation methods, inventory valuation methods, etc.

What is included in the summary of significant accounting policies may vary depending on the nature of the business, applicable accounting standards, and regulatory requirements. However, it generally provides a broad understanding of the company's overall accounting framework rather than specific details or transactions.

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A company known for delivering high-volume standardized services is 1

Answers

Walmart is a business recognized for providing standardized products and services in big volumes.

What is a company's straightforward definition?

A corporation is a legal body founded by a group of persons to conduct in and operate the business or industrial—enterprise. Depending on the provisions of its country, a corporation may be set up in a variety of ways for tax , financial responsibility reasons.

How do companies differ from businesses?

A firm may also be referred to as a "business." It's a general phrase that refers to all different kinds of business enterprises. Having said that, enterprises include fundamental entities that, in contrast to companies, aren't regarded as independent legal entities. For instance, a sole proprietorship isn't a distinct legal entity.

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The complete question is-

A company known for delivering high-volume standardized goods and services is:

Volunteer Corporation reported taxable income of $490,000 from operations this year. The company paid federal income taxes of $102,900 on this taxable income. During the year, the company made a distribution of land to its sole shareholder, Rocky Topp. The land’s fair market value was $120,500 and its tax and E&P basis to Volunteer was $55,500. Rocky assumed a mortgage attached to the land of $24,100. The company had accumulated E&P of $934,000 at the beginning of the year.

a. Compute Volunteer’s taxable income and federal income tax.
b. Compute Volunteer's current E&P before the distribution.
c. Compute Volunteer’s accumulated E&P at the beginning of next year.
d. What amount of dividend income does Rocky report as a result of the distribution?
e. What is Rocky’s income tax basis in the land received from Volunteer?

Answers

From the information given,

Federal Income Tax = $138,750 Current E& P for the year = $ 416,250Accumulated E&P at the beginning of the next year = $ 1,253,850Rocky’s Dividend Income Reported = $ 96,400Rocky’s Income Tax basis = $ 120,500

The calculations are given as follows

Federal Income Tax:

Taxable income from operations $490,000

Add: Gain on the distribution of land

($120,500 - 55,500) = 65,000

Total taxable income $555,000

Federal Income Tax ($555,000 * 25%) = $138,750

Volunteers current E&P

Taxable income $555,000

Subtract: Federal Income Tax $138,750

Adjustment for gain on distribution Of land $ 0

Current E&P before distribution $416,250

Volunteers E&P at the beginning of Next Year

Current E&P $ 416,250

Subtract: Fair market value of land distributed

in the previous year $120,500

Add: Mortgage assumed by rocky $24,100

CE &P after distribution $319,850

Accumulated E&P, beginning of current Year $934,000

Accumulated E&P, beginning of Nex Year $1,253,850

Rocky reports a dividend income given as:
Fair Market Value of Land (-) Liability
That is: 120,500 - $24,100

Dividend income = $ 96,400

($124,500) income tax basis in the land equals its fair market value

Income Tax basis = Fair Market Value of Land = $ 120,500

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Which is a type of insurance to avoid?
O Identity theft insurance
O Disability insurance
O Long-term care insurance
O Mortgage insurance

Answers

Answer:Identity theft insurance

Explanation:

100 pts
The table identifies how many thousands of units of corn and diamonds the United States and Congo can produce in one week. Use this data to answer the question that follows.

Corn

Diamonds

United States

60

10

Congo

20

5

Which statement is true based on the data table?
The United States should specialize in diamonds and trade for corn.
The United States should specialize in corn and trade for diamonds.
Congo should specialize in corn and trade for diamonds.
Congo should specialize in both corn and in diamonds.

Answers

Answer:

In view of the units of corn and precious stones delivered by the US, the open-door cost of creating corn is B. 10⁄60.

What is the open-door cost of delivering corn?

The open-door cost of delivering corn to the US would be the number of precious stones that are surrendered to make one unit of corn.

This can be found as:

= Units of jewels/Units of corn

= 10/60 jewels

All in all, choice B is right.

Answer:

B) The United States should specialize in corn and trade for diamonds.

Explanation:

I got it right on the test

Question: Use the information in the adjusted trial balance presented below to calculate the current ratio for WickUse the information in the adjusted trial balance presented below to calculate current RATIO for Wicked Wicker Company:
Account Title Dr. Cr.
Cash $ 26,000
Accounts receivable 17,000
Prepaid insurance 7,000
Equipment 110,000
Accumulated depreciation—
Equipment $ 55,000
Land 96,000
Accounts payable 18,000
Interest payable 2,650
Unearned revenue 5,300
Long-term notes payable 33,000
Retained earnings 142,050
Totals $ 256,000 $ 256,000

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The current ratio for Wick Firm equals 0.85.

What is a current ratio?

This is a financial tool that measures a firm's ability to pay short-term obligations that are due within one year.

The current ratio is calculated by dividing the company's current assets by its current liabilities.

Current ratio = Current assets / Current liabilities

Current ratio = (Cash + Accounts receivable + Prepaid insurance) / (Accounts payable + Interest payable + Unearned revenue + Notes payable)

Current ratio = ($26,000 + $17,000 + $7,000) / ($18,000 + $2,650 + $5,300 + $33,000)

Current ratio = $50,000 / $58,950

Current ratio = 0.848176421

Current ratio = 0.85.

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The following table describes how light intensity increases as you go from low power to high power objectives.

What happens to the working distance as the power level increases from low to high?

The working distance shortens and the total magnification increases when switching to a higher power objective lens.

What happens to the light's intensity when the power level changes from low to high?

As magnification rises, light intensity falls. When you magnify an area, you see a smaller area since there is a fixed amount of light for each area. As a result, you notice less light and the image seems darker. The image will be larger or smaller as the magnification increases, and the depth of field will also change.

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A team leader sees that a colleague is struggling to finish a project because he has his son’s upcoming biopsy on his mind. She sits down to ask him how he is feeling about the procedure. This is an example of consideration behavior. true or false?

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It is true that if a A team leader sees that a colleague is struggling to finish a project because he has his son’s upcoming biopsy on his mind. this is a consideration behavior.

What is a consideration behavior?

This is the term that is used to refer to all of the behaviors that can be considered to be supportive and also friendly to other people. This is the person that seeks and tries to understand other people.

Hence the way that the leader goes about to talk to the colleague on the issue that he is facing in his family tells us that she is a considerate person.

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Discuss some of the trade-offs and the challenges of a move to an enterprise-level analytics solution for companies and their individual end users who might have grown accustomed to working with their own customised solutions for generating data.

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Enterprise-level analytics is a challenge for mid-small companies but it may render important benefits.

What is Enterprise-level analytics?

Enterprise-level analytics can be defined as the analysis of data, business, and analytical abilities of a given enterprise.

The most important benefit associated with enterprise-level analytics is to low costs of production.

In conclusion, enterprise-level analytics is a challenge for mid-small companies but it may render important benefits.

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