The units in beginning inventory have been sold in a perpetual FIFO system versus a period FIFO system.
FIFO system.
FIFO refers the accounting method in which assets purchased or acquired first are disposed of first. And it assumes that the remaining inventory consists of items purchased last.
Given,
On January 1, Gerhard company has 100 units in beginning inventory. on January 3, the company purchases 500 units; on February 23, 800 units; and on march 19, 1,000 units.
Here we need to find the in which units would be assumed to have been sold in a perpetual FIFO system versus a period FIFO system if he company sells 100 units on January 4.
While we looking in to the given question, we have identified that,
On January 1, Number of units in stock = 100
January 3, Number of units purchase = 500
February 23 purchase units = 800
March 19, purchase units = 1000
Therefore, the sales units is done only in the beginning inventory.
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Though some intangible attributes like delivery or a warranty may also be important for a product like a washing machine, because it has tangible attributes that a customer's senses can perceive, the washing machine is defined as ______.
It is true that some intangible attributes like delivery or a warranty may also be important for a product like a washing machine because it has tangible attributes that a customer's senses can perceive, the washing machine is defined as good having tangible attributes.
What is a tangible good in economics?
In economics, goods are tangible items that can be used to satisfy human wants.
Goods essentially have value because they provide utility. The more utility a good provides, the more it's value.
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which of the following is a responsebility of an HR manager.
a. making final decisions on whom to hire
b. providing employees with advice about compensation
c. making sure office politics leads to exclusive groups
d. stroking competition between employees over opportunities
The responsibility of an HR manager is Option B. providing employees with advice about compensation.
The HR manager is responsible for overseeing and managing employee-related tasks within the company. HR managers deal with employment contracts, compensation, employee relations, health benefits, and legal compliance with employment laws and regulations. The HR manager is responsible for developing, implementing, and managing employee policies, procedures, and programs.
The HR manager is responsible for managing employee relations, training, and development. HR managers must ensure that the company complies with all employment laws and regulations. They must maintain employee records and handle employee grievances and disputes. Employees need to be paid appropriately and HR managers are responsible for making sure this happens.
HR managers are responsible for keeping up-to-date with changes in employment law and compliance requirements. HR managers must ensure that employees receive the benefits they are entitled to. HR managers are responsible for developing employee incentive programs that help retain top talent and reduce turnover rates.
In conclusion, HR managers have a variety of responsibilities, including overseeing employee policies and procedures, managing employee relations, ensuring compliance with employment laws and regulations, and managing compensation and benefits. Providing employees with advice about compensation is a key responsibility of an HR manager. Therefore, the correct option is B.
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The ________ rate is the interest rate specified, sometimes referred to as the coupon rate, stated rate, or nominal rate.
A contract rate refers to the interest rate that is specified on a particular contract and it is sometimes referred to as the coupon rate, stated rate, or nominal rate.
A contract can be defined as a legally binding and enforceable agreement between two or more parties (group of people), which gives rise to a mutual legal obligation to do business together.
In Business management, there are different types of contract and these includes:
Fixed-price contract.Cost-plus contract.Bilateral contract.Implied contract.Unilateral contract.In contract management, the interest rate that is specified on a particular contract is called a contract rate and it is sometimes referred to as the coupon rate, stated rate, or nominal rate.
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Match each law with its correct description.
Answer:
Not too sure but I think it goes 1.Fair credit billing act 2.Credit CARD act 3.Uniform commercial code 4.Truth in lending act.
Match the law terms and definition:
Truth in Lending Act - requires lenders to establish standardized disclosures regarding terms and how they calculate fees.
Through the meaningful disclosure of loan conditions, which enables customers to evaluate standardized credit terms more easily and intelligently, the Truth in Lending Act (TILA) aims to safeguard consumer protection and promote competition among financial institutions.
Match the law terms and definition:
Truth in Lending Act - requires lenders to establish standardized disclosures regarding terms and how they calculate fees.Fair Credit Billing Act: allows consumers to exercise their rights regarding disputes and billing errors.Uniform Commercial Code: a set of laws that govern US commercial transactions.Credit CARD Act: prohibits unfair and abusive credit practices and ensures the transparency of fees.As a result, the significance of the law terms and definition are the aforementioned.
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Suppose you learned that the price elasticity of demand for wheat is -0.70 between the current price for wheat and a price $2 dollars higher per bushel. Do you think farmers collectively should try to reduce the supply of wheat and drive up the price up 2 dollars higher per bushel? Why?
No, because the price elasticity of demand for wheat is inelastic (-0.70), which means that a change in price will result in a proportionately smaller change in quantity demanded, so reducing supply may not significantly increase the price.
Given that the price elasticity of demand for wheat is -0.70 between the current price for wheat and a price $2 dollars higher per bushel, it means that the quantity demanded of wheat is relatively inelastic, as a 1% increase in price will cause less than a 1% decrease in the quantity demanded (-0.70 < -1).
Therefore, farmers cannot significantly increase their revenue by reducing the supply of wheat and driving up the price by $2 per bushel, as the decrease in quantity demanded will not offset the price increase. Hence, reducing the supply of wheat will not be a profitable decision for farmers in this situation.
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Which type of bankruptcy is when a person sells all their assets to eliminate their debt? Chapter 6 Chapter 7 Chapter 11 Chapter 13
The type of bankruptcy which occur wheen is when a person sells all their assets to eliminate their debt is Chapter 7.
What is Chapter 7 bankruptcy?Chapter 7 bankruptcy can be described as the “liquidation” bankruptcy. Businesses going through this type of bankruptcy are past the stage of reorganization and must sell off assets to pay their creditors.
It should be noted that the process works much the same for individuals however the Bankruptcy do make people who can no longer pay their debts get a fresh start by liquidating assets so that they can attend to their debts or by creating a repayment plan, in conclusion Bankruptcy laws also protect financially troubled businesses. This section explains the bankruptcy process and laws.
Therefore, option C is correct.
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Answer: it is c took the assesment and got it right
Explanation: im him
need answers on all 54-58 question please.
Question 54 of 75. Under the tangible property regulations, taxpayers without applicable financial statements may elect to apply a de minimis safe harbor election. This election allows them to claim a
Under the tangible property regulations, taxpayers who do not have applicable financial statements have the option to make a de minimis safe harbor election. This election enables them to claim a simplified deduction for certain tangible property expenses.
The de minimis safe harbor election provides a simplified approach for taxpayers to deduct expenses related to tangible property. It is particularly beneficial for taxpayers who do not have applicable financial statements, such as small businesses or individuals.
By making this election, taxpayers can choose to expense certain costs for acquiring, producing, or improving tangible property, up to a specified threshold.
The de minimis safe harbor election helps simplify tax compliance by allowing taxpayers to immediately deduct qualifying expenses rather than capitalizing and depreciating them over time.
This can provide cash flow benefits and reduce administrative burdens for eligible taxpayers. However, it's important to note that specific rules and limits apply, and taxpayers should consult tax regulations and guidance or seek professional advice to determine eligibility and properly apply the de minimis safe harbor election.
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how does depreciation going up by $10 affect all the statements?
An increase in depreciation expense by $10 will decrease net income and retained earnings by $10. It will also reduce the carrying value of the related asset on the balance sheet by $10. The cash flow statement remains unaffected as depreciation is a non-cash expense.
An increase in depreciation expense by $10 will have specific effects on the financial statements:
1. Income Statement: The increase in depreciation expense will reduce the net income by $10, leading to a lower profit or potentially a net loss.
2. Cash Flow Statement: The increase in depreciation expense does not directly impact cash flow as it is a non-cash expense. Therefore, there is no change in cash flow from operations.
3. Balance Sheet: The increase in depreciation expense reduces the value of the corresponding asset on the balance sheet. It will result in a decrease in the carrying value of the asset and a decrease in total assets by $10. The retained earnings (equity) will also decrease by $10 due to the reduction in net income.
Overall, the increase in depreciation expense reduces the profitability reflected in the income statement, decreases the value of the related asset on the balance sheet, and lowers the retained earnings on the equity side. It is important to note that these effects depend on the specific accounting policies and the impact on other line items in the financial statements may vary.
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Type the correct answer in the box. Spell all words correctly. The demand curve has what kind of slope?
Answer:
Usually slopes downwards
Explanation:
in a negative association
future value computations are often referred to as
Answer:
Discounting
Explanation:
Future value computations are often referred to as. - Discounting.
When a country that produces only two goods is producing on its production possibilities frontier, the
decision to produce more of good A means that
a. more of good B also will be produced.
b. the same amount of good B will be produced.
c. less of good B must be produced.
d. there are no opportunity costs involved.
The choice to produce more of good A when a nation is producing on its production potential frontier (PPF) for two goods involves a trade-off, which also implies an opportunity cost. Consequently, the appropriate response is
c. Less good B needs to be made. The potential for production Given the resources and technology at hand, the frontier represents the broadest possible range of products. Any point on the PPF displays a wise use of resources. The nation must reallocate resources from the creation of good B if it wishes to create more of good A. The production of good B is reduced as a result of this resource reallocation. Therefore, generating more of one good results in producing less of another.
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common misconception about entrepreneurship
Answer:
1. Entrepreneurs can only be successful if they have large funding backing them.
2. Entrepreneurs have cushy hours.
3. Entrepreneurs have to do everything themselves.
5. Entrepreneurs have to take huge risks.
7. Entrepreneurs are never stressed out.
8. Entrepreneurs are all wealthy.
9. Entrepreneurs are their own boss.
10. Entrepreneurs have more personal time.
The Ministry of Misallocation has decreed that the production of widgets must be 5000 each month and that the production of gizmos must be 8000 each month. Calculate the deadweight loss in each market caused by these restrictions?
The restrictions result in a $10,000 deadweight loss in the widget industry and a $60,000 deadweight loss in the gadget market.
Widget production is required to be 5000 per month, while gizmo manufacturing is required to be 8000 per month, according to the Ministry of Misallocation. We shall determine the deadweight loss brought on by these restrictions in each market.
Widget Store An ineffective distribution of resources results in deadweight loss in a market. Since there must be 5000 widgets produced each month, the suppliers aren't allowed to create more than that amount. It could result in a lack of widgets in the market, which caused the cost of widgets to rise.
However, customers may be willing to purchase more than 5000 widgets at the lower price but are unable to do so due to the restriction. As a result, the market for widgets experiences a deadweight loss.
Deadweight loss is calculated as (1/2) * (P1-P2) * (Q1-Q2) Deadweight loss is calculated as (1/2) * (P1-P2) * (Q1-Q2).
Deadweight loss is calculated as (1/2) * (10-12) * (6000-5000).
$10,000 deadweight loss
Device MarketGizmo production is capped at 8000 per month, much like the widget industry, therefore vendors aren't allowed to make more than that amount. This could result in a dearth of gadgets on the market, driving up prices. in the cost of gadgets.
However, customers might be wanting to purchase more than 8000 gadgets at the lower price but are unable to do so due to the restriction. As a result, the market for gadgets loses deadweight as a result.
Deadweight loss is equal to (1/2)*(P1-P2)*(Q1-Q2)
Deadweight loss is equal to (1/2)* (16–20)*(10,000–8000).$60,000 deadweight loss
In conclusion, the limits have resulted in a $10,000 deadweight loss in the widget industry and a $60,000 deadweight loss in the gadget market.
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The data in figure 5. 1 are clear: in terms of after-tax income in the u. S. Between 1979 and 2006:
The data in figure 5.1 are clear: in terms of after-tax income in the U.S. between 1979 and 2006, there is a significant income gap between the highest and lowest earners.The distribution of income after tax in the United States of America between the years of 1979 and 2006 are indicative of a considerable income inequality.
This income gap is clearly seen in the data from Figure 5.1. During the 1979-2006 period, the after-tax income of the highest earning individuals in the United States significantly increased. Conversely, the after-tax income of the lowest earning Americans did not significantly improve during this period.
The income gap in the United States has grown considerably, leading to a substantial inequality in terms of the distribution of income between the highest and lowest earners.
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After a rough week and against her better judgment, leesa tells tarik she is tired of arguing with him over trip reports. She makes an exception for him and, against policy, says he no longer needs to fill them out. A week later, another sales rep comes to her and asks to stop preparing reports, just like tarik. Why do you think leesa now has a managerial problem?.
Because she neglected to offer procedural Justice, Pari has a management issue.
What exactly does procedural justice entail?The focus of procedural justice is on how the public and the police communicate, and how those interactions affect how the public perceives the police, how eager they are to follow the law, and the actual crime rates.Probation is one context where research has shown how procedural justice affects people's respect for and cooperation with norms and authority. According to service users, officers that are friendly, nonjudgmental, consistent, fair, and accountable are valued by them.Because she neglected to offer procedural Justice, Pari has a management issue. When she excluded Vihaan, Pari did not practice procedural justice, which is the act of treating every worker at the workplace equally with reference to a specific work method.To learn more about Procedural justice refer to:
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What does the phrase “last in, first out” mean?
Explanation:
LIFO stands for “Last-In, First-Out”. It is a method used for cost flow assumption purposes in the cost of goods sold calculation. The LIFO method assumes that the most recent products added to a company's inventory have been sold first. The costs paid for those recent products are the ones used in the calculation.
Ramirez Company sells its garden hoses to Kim's Lawn and Garden Center but does not require Kim's to pay for them right away. If this is a standard trade-credit agreement, Kim's will have to pay for the garden hoses in
Answer:
30-60 days
Explanation:
From the question we were informed about Ramirez Company who sells its garden hoses to Kim's Lawn and Garden Center but does not require Kim's to pay for them right away. If this is a standard trade-credit agreement, In this case Kim's will have to pay for the garden hoses in 30-60 days. Trade credit could be regarded as a business-to-business agreement whereby products/goods can be purchased by customer without the payment of upfront to the supplier, but the customer can pay at a scheduled date later.this could be period of 30-60 days.
Ratna is preparing q presentation titled "similarities between miceo-leval and marco-lecal orientation in sociology". Which explanation should she include
Answer:
Ratna is preparing q presentation titled "similarities between micro-level and marco-local ... - did not match any documents.
Suggestions:
Make sure that all words are spelled correctly.
Try different keywords.
Try more general keywords.
People in finance work mostly with:
A.Insurance
B.Products
C. Information
D.Money
Answer:
d
Explanation:
believe it or not I actually did this same exact question
Answer:
D. Money
Explanation:
I just took the test
Has anyone ever had the thought of wanting more friends but you are so weary of the people around you that you are not sure? I am not petty but if your nothing but drama please unfriend me.
Answer:
I wanna be friends!
Explanation:
I like Anime
Answer:
I have
Explanation:
when the fed decreases the discount rate, banks will
When the Federal Reserve increases the discount rate banks become more cautious and tend to hold extra reserves. Because banks hold extra reserves, this money will not increase through multiple deposit creation and the money supply will decrease.
According to dod 8570. 01-m, the ia technical category consists of how many levels?.
According to dod 8570. 01-m, the IA technical category consists of 3 level.
How many levels are in the Ia technical category?There are known to be three category levels that can be seen in all of the IAT category. They include:
Level 1: This is known to be the Computing environment information assurance.
Level 2: This is known to be Network environment information assurance.
Level 3: This is known to be the Enclave, advanced network and computer information assurance.
Note also that there are 3 Skill Levels of DoD 8570.01-m and they are said to be of the fact that IAT, IAM and IASAE categories have also 3 skill levels: which are I, II and III.
Therefore, According to dod 8570. 01-m, the IA technical category consists of 3 level.
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The term ____________________ describes the increasing connectedness of societies and their economies as a result of developments in transportation and communication.
The term globalization describes the increasing connectedness of societies and their economies as a result of developments in transportation and communication.
What is Globalization?This refers to the connectedness between different societies which brings them closer in terms of development and communication.
Hence, we can see that as a result of globalization, we can see that the world is now a global village and communication is fast and instant even across great distances.
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The three elements of the marketing concept are __________.
a. Market share, customer needs, marketing mix
b. Customer needs, company goals, profits
c. Channel management, customer needs, profits
d. Planning, target market, social media marketing
Answer:
B. Customer needs, company goals, profits
Explanation:
Define a Small Scale Enterprise as per ‘MSMED Act, 2006’.
Explanation:
the Government of India has in acted, small and medium enterprises development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is an enterprise where the investment in plant and machinery is more than rate 25 lakh but does not exceed rate.
when a company starts a new division and recruits people to do the work, which aspect of its internal environment is it most directly changing? owners culture physical environment employees
When a company starts a new division and recruits people to do the work, it is most directly changing its employees, which is an aspect of its internal environment.
The internal environment of a company refers to the factors and conditions that exist within the organization and directly influence its operations and performance. It encompasses various elements, including the company's culture, physical environment, employees, and more.
However, when a company starts a new division and hires individuals to work in that division, the most immediate and direct change occurs in the employees aspect of the internal environment. The addition of new employees brings in fresh talent, skills, and perspectives into the company. It affects the composition of the workforce, leading to changes in the dynamics, teamwork, and overall capabilities of the organization.
The new division and the recruitment process can also have indirect effects on other aspects of the internal environment. For example, it may impact the company's culture as the new division's employees contribute their own values, work styles, and attitudes. Additionally, the physical environment may be altered to accommodate the needs of the new division, such as providing office space, equipment, or resources specific to their work.
However, it is important to note that all aspects of the internal environment are interconnected, and changes in one aspect can have ripple effects on others. Therefore, while the immediate and direct change occurs in the employees aspect, the introduction of a new division and recruitment process can have broader implications on the overall internal environment of the company.
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3. Using the Base Case, calculate the change in non-cash working capital in 2024E
Once you have calculated the non-cash working capital, you can analyze your results to learn more about your company. To make an informed investment, potential investors may ask for information about your company's non-cash working capital.
The base case is the model's expected case, determined by using the assumptions that the project team consider are most likely to occur. The financial results from the base case should be better than those from conservative scenarios, but worse than those from upside cases. A base case analysis usually refers to the results obtained from running an economic model with the most likely or preferred set of assumptions and input values.
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Nicole is the Executive Director of a local food bank and is assessing the financial situation of her not-for-profit organization. Nicole uses a(n) ________ to determine whether revenues from contributions and other sources will cover operating costs.
Nicole, who is assessing the financial situation of her not-for-profit organization an income statement to determine whether revenues from contributions and other sources will cover operating costs.
An income statement is a financial document that shows the income and expenditure of an organization over a period of time.
It helps the organization to know whether they are making a profit or incurring losses.
So, for Nicole to determine whether the revenue of the organization will cover operating costs, she needs to use the income statement.
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Which type of organizational structure has multiple managers having authority over an employee
A.point structure
B.line structure
C.staff structure
D.functional structure
Answer:
I believe it’s line structure
Explanation:
When preparing its planning budget the company estimated that it would serve 30 customers per month; however, during May the company actually served 35 customers.
1. What amount of revenue would be included in Adger’s flexible budget for May?
Variable element per customer served:
Actual Activity:
The amount of revenue included in Adger's flexible budget for May, we need to know the variable element per customer served and the actual activity level.
Assuming the variable element per customer served is known, we can calculate the revenue for May by multiplying the variable element by the actual activity level. However, the variable element per customer served is not provided in the given information. Without that information, we cannot determine the specific amount of revenue for May.
The flexible budget allows for adjustments based on actual activity levels, so the revenue included in the flexible budget would depend on the variable element and the actual number of customers served in May. Without the variable element per customer served, we cannot calculate the revenue included in the flexible budget.
Therefore, the answer cannot be determined without additional information about the variable element per customer served.
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