Answer:b
Explanation:
A company has beginning inventory of 300 units at $ 13.82 each; They purchased 400 units at $ 8.79 each on June 2; On June 15, they also purchased 200 units at $ 4.55 each. A physical count of merchandise inventory at the end of the month revealed that 500 units were sold. What is the cost of goods sold using the LIFO inventory method?
Therefore, the cost of goods sold using the LIFO inventory method is $2,668.
What is the LIFO COGS amount?Under the LIFO (Last In, First Out) inventory method, the most recent purchases are considered to be sold first. To calculate the cost of goods sold (COGS) using LIFO, we need to determine the cost of the units sold.
The company's beginning inventory consists of 300 units at $13.82 each. On June 2, they purchased 400 units at $8.79 each, and on June 15, they purchased an additional 200 units at $4.55 each. In total, they acquired 700 units.
Since 500 units were sold, we start by considering the most recent purchases until we reach 500 units.
On June 15, they purchased 200 units at $4.55 each. Therefore, the cost of 200 units is 200 * $4.55 = $910.
Next, we move to the purchase on June 2. They acquired 400 units at $8.79 each. Subtracting the previously sold 200 units, we have 400 - 200 = 200 units remaining from this purchase.
The cost of these 200 units is 200 * $8.79 = $1,758.
Adding the cost of the remaining units from both purchases, we have a total cost of $910 + $1,758 = $2,668.
Therefore, the cost of goods sold using the LIFO inventory method is $2,668.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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A dot plot titled Miles Emilia Ran Each Week going from 1 to 6. 1 has 2 dots, 2 has 3 dots, 3 has 2 dots, 4 has 2 dots, 5 has 3 dots, and 6 has 4 dots. The dot plot shows the number of miles Emilia ran each week. Which is true of the data in the dot plot? The data is symmetric. The center of the data is 3.5. There is a peak at 3. The spread is from 1 to 6.
Answer:
The true statement is " The spread is from 1 to 6."
Explanation:
Consider the provide information.
First we will draw the dot plot as shown in the figure.
Now consider the options.
The data is not symmetric as for the symmetry the dots over 1 should be equal to the dots over 6. i.e 4.
Now find the center of the data by calculation the median of the data.
There are 16 dots in total which is an even number.
So, now we will find the average of the two middle values.
This will be the 8th and 9th value average for the given data set of 16 values.
Count from left to right the 8th and 9th values are both 4.
\(\text{Median}=\frac{4+4}{2}\)
\(\text{Median}=4\)
Hence, the center of the data is 4.
The second statement is false.
The peak of the data is at 6.
The third statement is false.
The spread is from 1 to 6 as we can see in the figure shown below.
Therefore, the true statement is " The spread is from 1 to 6."
What are the remedial measures of unemployment in nepal?explain
2. What is the average fee charged by large banks for using an out-of-network ATM?
These charges will typically cost between $2.00 and $3.50
Answer: Bank ATM fees vary based on your bank and the type of account you have. A 2017 Bankrate report found that that the average cost for withdrawing money from an out-of-network ATM reached a record $4.69 this fall. The average fee ATM operators charge also increased to $2.97
give me Brainiest please.
What is The movement of the economy from
one condition to another ohd bach again?
Answer:
Business Cycles is the right answer
Explanation:
What type of decision method relies on information that is not easily measureable, such as assessing the business alignment of a project with corporate objectives?.
The type of decision method relies on information that is not easily measurable, such as assessing the business alignment of a project with corporate objectives is Qualitative methods.
What are Qualitative method?'Qualitative' methods, on the other hand, are typically utilized from the perspective of the participant to address questions regarding experience, meaning, and perspective. Usually, it is impossible to count or measure this facts.
The qualitative technique is used to comprehend people's attitudes, interactions, behaviors, and beliefs. It produces data that is not numerical. An increasingly popular research method across disciplines is the incorporation of qualitative research into intervention studies.
Therefore, In addition to other linked aspects that may have some or large influence on the acquired data, qualitative decisions are more subjective because they are not just dependent on the numerical statistical data. It is a more thorough examination of all elements that might influence the decision-making process.
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Sort the ideas related to these two types of loans into the correct categories.
has more risk for the lender
Secured Loan
Unsecured Loan
is not backed with collateral
has less risk for the lender
can include a down payment
is backed with collateral
does not include a down payment
Secured loan
Unsecured loan
Answer:
Box 1
Can include a down payment
Is back with a collateral
Has less risk for the lender
Box 2
Is not backed with a collateral
Does not include a down payment
Has more risk for the lender
Explanation:on edge hope helps
Answer:
Box 1
Can include a down payment
Is back with a collateral
Has less risk for the lender
Box 2
Is not backed with a collateral
Does not include a down payment
Has more risk for the lender
Explanation:on edge hope helps
During the 1990s, some U.S. corporations relocated their manufacturing operations to poor countries where they paid workers lower wages than they paid their workers in the U.S. However, most economists do not believe that relocating jobs abroad has reduced total employment in the United States or reduced the average wage paid to U.S. workers. One reason for this belief is that
Answer:
sup
Explanation:
Which of the following parts of a business plan include the cash flow projection and profit and loss projection?
What is an individual health plan?
(1 point)
Responses
- Health insurance policies for those who do not have access to employer-provided health plans or who do not qualify for government-provided plans, offered through a marketplace, and purchased by individuals for themselves and their families.
- A selection of health plans offered to an employee by the employer.
- A selection of plans offered by the government.
- The largest market sector of the health care insurance industry.
An individual health plan is A Health insurance policies for those who do not have access to employer-provided health plans or who do not qualify for government-provided plans, offered through a marketplace, and purchased by individuals for themselves and their families.
What is the Health plan about?An individual health plan is a type of health insurance policy that is purchased by an individual or family directly from a health insurance company, rather than being provided by an employer or the government.
It is typically designed to provide coverage for medical expenses such as doctor visits, hospitalization, and prescription drugs. Individual health plans can be purchased through a marketplace, directly from an insurance company, or through a broker. They are a popular option for people who are self-employed, work part-time, or who do not have access to employer-provided health insurance.
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the answer would be: A
Hotel rooms in Smalltown go for $80, and 900 rooms are rented on a typical day.
To raise revenue, the mayor decides to charge hotels a tax of $15 per rented room. After the tax is imposed, the going rate rises to $85, and the number of rooms rented falls to 800.
The tax had a negative impact on the hotel industry in Smalltown, but generated revenue for the government. This highlights the trade-offs involved in taxation and the importance of carefully considering the potential impacts of policy changes.
We can use the information provided to calculate the total revenue generated by hotel room rentals before and after the tax is imposed.
Before the tax is imposed:
Number of rented rooms = 900
Price per room = $80
Total revenue = 900 * 80 = $72,000
After the tax is imposed:
Number of rented rooms = 800
Price per room = $85 ($80 + $15 tax)
Total revenue = 800 * 85 = $68,000
We can see that the total revenue generated by hotel room rentals decreased after the tax was imposed. Although the price per room increased, the decrease in the number of rooms rented more than offset the increase in price. This is an example of how taxes can impact the behavior of consumers and businesses.
It's important to note that while the total revenue decreased, the government still generated revenue through the tax. The total tax revenue can be calculated as follows:
Number of rented rooms = 800
Tax per room = $15
Total tax revenue = 800 * 15 = $12,000
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Hotel rooms in Smalltown go for $80, and 900 rooms are rented on a typical day. To raise revenue, the mayor decides to charge hotels a tax of $15 per rented room. After the tax is imposed, the going rate rises to $85, and the number of rooms rented falls to 800.
What will be the impact on tax?
Sal, a calendar-year taxpayer, uses the cash-basis method of accounting for his sole proprietorship. In late December, he performed $40,000 of consulting services for a client. Sal typically requires his clients to pay his bills immediately upon receipt. Assume that Sal's marginal tax rate is 32 percent this year and 37 percent next year and that he can earn an after-tax rate of return of 12 percent on his investments. Should Sal send his client the bill in December or January
Sal should send the bill in January.
By delaying the recognition of income until next year, Sal can defer the payment of income taxes on that income until next year when his marginal tax rate is 37 percent. Meanwhile, he can invest the $40,000 and earn an after-tax rate of return of 12 percent. By the time he pays taxes on the deferred income in the next year, he will have earned enough from his investments to offset the increased tax liability.
Additionally, he will have used the cash for an extra month to generate additional after-tax investment income. However, it's worth noting that this strategy may not be effective in every case, and Sal should consider other factors such as his cash flow needs and the stability of his investments.
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What approach does Dave Ramsey recommend for saving for purchases?
Answer: Sinking fund approach
Explanation: "A sinking fund is where you save a little bit of money every single month for something specific. So, anytime you have a known expense coming up, you can use a sinking fund to save up for it over time".
As Ramsey explains, a sinking fund is different from an emergency fund, because the purpose of it is to prepare for expected expenses that you are going to incur soon. And he believes it us important to have one because it makes big purchases easier to pay for without having to borrow
Frito-Lay, the massive Dallas-based subsidiary of PepsiCo, has 38 plants and 48,000 employees in North America. Seven of Frito-Lay’s 41 brands exceed $1 billion in sales. The production process at Frito-Lay is designed for large volumes and small variety, using expensive special-purpose equipment, and with swift movement of material through the facility. Product-focused facilities, such as Frito-Lay’s, typically have high capital costs, tight schedules, and rapid processing. Frito- Lay’s facilities are located regionally to aid in the rapid delivery of products because freshness is a critical issue. Sanitary issues and necessarily fast processing of products put a premium on an efficient layout. Production lines are designed for balanced throughput and high utilization. Cross-trained workers, who handle a variety of production lines, have promotion paths identified for their particular skill set.
The supply chain is integral to success in the food industry; vendors must be chosen with great care. Moreover, the finished food product is highly dependent on perishable raw materials. Consequently, the supply chain brings raw material (potatoes, corn, etc. ) to the plant securely and rapidly to meet tight production schedules. For instance, from the time that potatoes are picked in St. Augustine, Florida, until they are unloaded at the Orlando plant, processed, packaged, and shipped from the plant is under 12 hours. The requirement for fresh product requires on-time, just-in-time deliveries combined with both low raw material and finished goods inventories. The continuous-flow nature of the specialized equipment in the production process permits little work-in-process inventory. The plants usually run 24/7. This means that there are four shifts of employees each week.
a. Develop an ITO and SIPOC model based on information in the scenario.
b. Apply four V’s of operation on Frito-Lay. Mention each V as high, moderate or low with one liner reason.
c. Suggest how we can determine the productivity in this case. No calculation is required, just show possible data.
d. Make a comparison how operations of Frito lay is different from a service restaurant (you can assume a restaurant of your choice).
e. Given a bakery located opposite to your proposed service restaurant makes 1,500 loaves per month with a labor productivity of 2. 344 loaves per labor-hour. Calculate number of workers working there? (Hint: Each worker works 160 hours per month. )
a. ITO model:
Inputs: Raw materials (potatoes, corn, etc.), specialized equipment, cross-trained workers
Transformation process: Large volume production with small variety, quick material movement, high utilization production lines, continuous-flow nature of specialized equipment
Outputs: Finished food products, shipped to customers
SIPOC model:
Suppliers: Raw material suppliers (potato and corn farmers)
Inputs: Raw materials (potatoes, corn, etc.)
Process: Production process using specialized equipment, cross-trained workers
Outputs: Finished food products (chips, snacks)
Customers: Retailers, consumers
b. Four V’s of operation on Frito-Lay:
Volume: High volume due to the large number of plants and employees, as well as the high demand for their products.
Variety: Low variety due to the production process being designed for large volumes and small variety.
Variation: Moderate variation due to the need to manage perishable raw materials and tight production schedules.
Visibility: Low visibility since the production process is designed for efficiency and speed, and not for customer interaction.
c. To determine productivity in this case, we can track the output of finished food products and compare it to the inputs of raw materials and labor hours. We can also track the efficiency of the production process by measuring the utilization of the specialized equipment and cross-trained workers.
d. Frito-Lay's operations are different from a service restaurant in several ways. For example, Frito-Lay's production process is designed for large volumes and small variety, whereas a restaurant's operations require more flexibility to accommodate a variety of menu items. Additionally, Frito-Lay's production process relies heavily on specialized equipment and the efficient movement of material through the facility, while a restaurant's operations rely more on the skills and interactions of its employees with customers.
e. Number of workers in the bakery:
Labor productivity = Output / Labor hours
2.344 = 1,500 / (x * 160)
x = 3.22
Rounding up, there are 4 workers in the bakery (since you cannot have a fraction of a worker).
100 points! PLEASE HELP. DO NOT SKIP THIS!
PLEASE DON'T DO FUNNY BUSINESS HERE.
You are now familiar with government and how it plays a role in our economy. Using what you learned in the lesson, describe two advantages and two disadvantages of governmental involvement. What changes would you make to improve government’s role?
You can say answers other than-
there are more restrictions
Answer:
There are many advantages of government intervention such as even income distribution, no social injustice, secured public goods and services, property rights and welfare opportunities for those who cannot afford. Whereas, according to some economists the government intervention may also result in few disadvantages.
I would try to remove corruption
Explanation:
Plz mark brainliest thanks
Answer:
(Disadvantages)
Government and political interference may lead to poor management.
-Operation in large scale may lead to diseconomies of scale arise.
(Advantages)
-Protecting the safety and health of the public and the environment.
-Offering consumers increased safety when choosing products.
Explanation:
Stop trying to legislate morality. Where we get tripped up is in the conversation about "beliefs". We have been stuck in fights that keep our country in a holding pattern. It is not only detrimental to our unity, it undermines our ability to concentrate on areas that need it.?
What is one benefit of continuing your education after high school?
A. The ability to earn money immediately
B. Postponing responsibility for your actions
C. Increased earnings over the course of your career
D. There is no benefit to continuing your education.
Answer:
C
Explanation:
The most relevant one because university is the place to produce expert in many fields. Thus this will increase your earnings within your course of career.
Answer:
c
Explanation:
PLEASE HELP!!!
Money going out of a business is called _BLANK_.
A. income
B. expenses
Answer:
Expenses
Explanation:
Create a cash flow statement for your own finances. Why are cash flow statements useful in managing money?
Answer: Cash flow statements are useful in managing money because cash flow keeps track of the outflows and inflows of cash in an organized manner. Cash flow is the main operation that helps companies as well to see whether or not their investments are creating enough income.
An overcurrent condition may result
from?
A) an overload
B) a short-circuit
C) a ground-fault
D) all of these
Answer:
A.an overload circuit
Explanation:
i hope that help
Helga runs a website on which she sells houseplants. She also earns through pay-per-click advertising that allows search engines to show targeted ads on her site. Which of these products are likely to be advertised on her website?
a. Gardening gloves
b. Terracotta planters
c. Garden scissors
d. Watering cans
Answer: a. Gardening gloves
b. Terracotta planters
c. Garden scissors
d. Watering cans
Explanation:
From the question, we are informed that Helga runs a website on which she sells houseplants and that she also earns through pay-per-click advertising that allows search engines to show targeted ads on her site.
All the products will be advertised on her website. The gardening gloves, terracotta planters, garden scissors and the watering cans are all materials that are required for plant growth to provide water and keep weeds away.
As Helga runs a website on which she sells the household gardening products. She earns by pay per click and allows the search engines to show the ads on he website.
She is most likely to sell the ads of the gardening gloves and terracotta planters long with the garden scissors. As she is selling the houseplant products she needs to have all the planting equipment.Hence the option A, B, and C.
Lean more about the which she sells houseplants.
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Drag each label to the correct location
PLEASE HELP
Answer:
put master budget for sources of cash and put cash budget for cost of finished goods
What Economic Issue arises in this graphic due to the Max Price being below Equilibrium?
As u asked in ur question which food we should have before exercise : ANSWER is - Option (B)
cross check if u have doubt it's correct..
identify the business era during which managers began to pay more attention to what consumers wanted and needed rather than simply to what a company could produce.
The business era during which managers began to pay more attention to what consumers wanted and needed rather than simply to what a company could produce is known as the Marketing Era.
The Marketing Era marked a shift in business focus from production-oriented approaches to a customer-centric approach. It emerged in the mid-20th century and continues to be relevant today. During this era, managers recognized the importance of understanding consumer preferences, market trends, and customer needs.
They realized that success relied on delivering value to customers through tailored products, effective marketing strategies, and superior customer service. This shift in mindset led to the adoption of market research, segmentation, branding, and customer relationship management practices, which remain integral to modern marketing strategies.
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True or False: It's always better to take a loan from a private bank to pay for your college tuition.
Answer:
It is false
Explanation:
___________is/are responsible for managing the business of a corporation.
A. Investors
B.Shareholders
C.Incorporators
D.Organizers
E.The board of directors
E. The board of directors is responsible for managing the business of a corporation. Their primary duty is to act in the best interest of the company and its shareholders, ensuring its long-term success and profitability.
The board of directors is a group of individuals elected or appointed by the shareholders of a corporation. They are responsible for overseeing the management and operations of the company on behalf of the shareholders. The board sets corporate policies, makes strategic decisions, appoints executives, and ensures that the company is operating in the best interest of its shareholders.
While investors, shareholders, incorporators, and organizers play important roles in a corporation, they do not directly manage the day-to-day business operations. The board of directors holds the ultimate responsibility for managing the corporation and making key decisions.
The board of directors is entrusted with the responsibility of managing the business of a corporation. Their primary duty is to act in the best interest of the company and its shareholders, ensuring its long-term success and profitability.
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What's the driving force that keep you motivated towards your goal? can it be altered by external factors ?
Intrinsic motivation is the desire to do something for the inherent satisfaction of completing the task. This type of motivation is largely internal and can be less affected by external factors, though certain external pressures may push one to complete the task out of a sense of obligation rather than satisfaction.
For example, an individual may have a goal of writing a book and be motivated to complete it because it is a creative challenge they've set for themselves. While they may be pressured to finish by an external deadline, they are still motivated to write because they find joy and satisfaction in completing the task.
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.
What are customer needs?
Answer:
A customer need is a need that motivates a customer to purchase a product or service.
Q 5.15: At the beginning of January 2017, a company reported inventory of $4,000. During the month, the company made purchases of $17,800. On January 31, 2017, a physical count of inventory reported $4,200 on hand. Find the cost of goods sold for the month.
Answer:
COGS= $17,600
Explanation:
Giving the following information:
Beginning inventory= $4,000
Purchase= $17,800
Ending inventory= $4,200
To calculate the cost of goods sold (COGS), we need to use the following formula:
COGS= beginning finished inventory + cost of goods purchased - ending finished inventory
COGS= 4,000 + 17,800 - 4,200
COGS= 17,600