A firm produces 10 units of a good in 2017. They sell 8 units in 2017 and 2 units in 2018. Which is true?.

Answers

Answer 1

The statement which is true is: There is an increase in inventory in 2017, and the inventory decrease in 2018. The inventory or stock of the firm represents the amount of goods the company has in its possession and that is available for sale at any particular time.

The statement indicates that the firm produced 10 units of a good in 2017. They sold 8 units in 2017 and 2 units in 2018. The following are the accounts of the firm and how they have been affected: Inventory Account: This is a current asset account that records the value of goods that are in stock and available for sale. In 2017, the firm produced 10 units, sold 8 units, and had an inventory of 2 units at the end of 2017. In 2018, the firm had an opening inventory of 2 units, sold 2 units, and had zero inventory at the end of 2018.

Sales Account: This account records the amount earned from the sale of goods and services. In 2017, the firm sold 8 units at the price of the unit. The sales revenue generated was 8 x Price. In 2018, the firm sold 2 units at the price of the unit. The sales revenue generated was 2 x Price.Profit and Loss Account:This account records the expenses incurred in running the business and the revenue generated from the business activities. In 2017, the firm incurred the cost of producing 10 units and the expenses incurred in selling 8 units.

The profit generated was calculated as follows:

Profit = Revenue - Cost

Price = Revenue / 8 units

Revenue = 8 units * Price

Profit = (8 units * Price) - Cost.

In 2018, the firm incurred the cost of producing 2 units and the expenses incurred in selling 2 units. The profit generated was calculated as follows:

Profit = Revenue - Cost

Price = Revenue / 2 units

Revenue = 2 units * Price

Profit = (2 units * Price) - Cost

From the analysis above, it can be deduced that there is an increase in inventory in 2017, and the inventory decrease in 2018.

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Related Questions

The most basic building block of HR management functions isjob analysis.job design.

Answers

Option a: The most basic building block of HR management functions is job analysis.

The purpose of job analysis, also known as labor analysis, is to identify the job content relevant to the relevant activities and the qualities and requirements necessary to perform those activities. Organizations can use information from job analysis to help select employees who are best suited for specific positions.

As part of the job analysis, the analyst collects data on the job her holder's duties, the nature and status of the job, and certain basic qualifications. Professional analysts have completed what is known as the Professional Psychogram, which indicates the mental requirements of the position.

An accurate task list serves as a well-founded benchmark for job analysis. This list includes the job's functions or required areas, related duties, and suggested basic training. This final list is reviewed by subject matter experts (current employees) and supervisors of the role under study to validate the job analysis.

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Complete question:

The most basic building block of HR management functions is____

job analysis.

job design.

Which of the following projects is most likely be used in STEM education to learn technology concepts?
test different sandbag materials that can help prevent flooding
investigate search engine criteria to improve search results
O analyze cleaning products to determine which ones are eco-friendly
conduct a scavenger hunt to see who can find the most geometric shapes

Answers

Answer:

investigate search engine criteria to improve search results

Explanation:

Remember, the application of STEM implies using the knowledge found in the field of science, technology, engineering, and mathematics to carry out projects.

Since the focus is on learning technology concepts, the most likely, that is, the project that is closest to technology is investigating search engine criteria to improve search results.

The answer is:

A) investigate search engine criteria to improve search results

On a day with a high of 30°C, the café
can expect to have about blank in
beverage sales.

Answers

On a day with a high of 30°C, the café can expect to have about cold in beverage sales.

How can it be explained in detail?

The type of café, where it is located, what day of the week it is, what time of day it is, and other weather variables like humidity, precipitation, and wind can all affect the sales of drinks.

So it seems to reason that on a hot day like this, people would be more likely to buy cool and reviving beverages like iced coffee, iced tea, lemonade, or soft drinks. It Is possible that sales of hot beverages like coffee or hot chocolate may be lower than normal. To draw guests and boost sales, the café can also think about implementing seasonal specials or promotions.

In the end, a number of variables will determine the precise volume of beverage sales on a hot day.

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I want to start my own brand & build a fashion empire. Should I go to a fashion college or to a business school?

Answers

Answer:

Honestly, business would be much better for you. Learning business will give you many more opportunities and learn how to sell your products. Business will help you with marketing, pricing, discounting, and know how to "not get effed over." I believe that would be much better for you THEN go to fashion college.

Howard Corp. purchased a building on Jan. 1, 2011 for P1,250,000. At acquisition, the useful life of the building was 50 years. Depreciation is calculated on the straight-line basis. On Jan. 1, 2021, the building was revalued to P1,600,000. Howard Corp. has a policy of transferring the excess depreciation on revaluation from the revaluation surplus to retained earnings.

Assuming no further revaluations take place, what is the balance on the revaluation surplus at Dec. 31, 2021?

a. P341,250

b. P350,000

c. P585,000

d. P600,000

Complete Solution and please explain

Answers

The balance on the revaluation surplus at December 31, 2021, remains unchanged at P350,000 (the initial revaluation amount).

To calculate the balance on the revaluation surplus at December 31, 2021, we need to consider the initial cost of the building, the revaluation amount, the useful life, and the depreciation.

Initial cost of the building: P1,250,000

Revaluation amount on January 1, 2021: P1,600,000

Useful life of the building: 50 years

To calculate the depreciation per year, we can use the straight-line depreciation method:

Depreciation per year = (Initial cost - Residual value) / Useful life

Residual value is the value of the building at the end of its useful life. In this case, since no information is provided about the residual value, we will assume it to be zero.

Depreciation per year = (P1,250,000 - 0) / 50

Depreciation per year = P25,000

To calculate the excess depreciation on revaluation, we need to determine the difference between the depreciation calculated based on the initial cost and the depreciation calculated based on the revalued amount.

Depreciation based on initial cost = Depreciation per year * Number of years (2021 - 2011)

Depreciation based on initial cost = P25,000 * 10

Depreciation based on initial cost = P250,000

Depreciation based on revalued amount = Depreciation per year * Number of years (2021 - 2011)

Depreciation based on revalued amount = P25,000 * 10

Depreciation based on revalued amount = P250,000

Excess depreciation on revaluation = Depreciation based on revalued amount - Depreciation based on initial cost

Excess depreciation on revaluation = P250,000 - P250,000

Excess depreciation on revaluation = P0

Since there is no excess depreciation on revaluation, there is no transfer from the revaluation surplus to retained earnings.

Therefore, the balance on the revaluation surplus at December 31, 2021, remains unchanged at P350,000 (the initial revaluation amount).

The correct answer is b. P350,000.

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Which of the following is not an obligation of borrowing money?

Answers

Where is the picture so I can help?

When hiring clerks for the mail room, the acme global corporation required applicants to take a sorting ability test. the test screened out many more caucasian job candidates than it did african american job candidates. the test appears to cause _______. group of answer choices

Answers

When hiring clerks for the mail room, the Acme Global Corporation required applicants to take a sorting ability test. The test screened out many more Caucasian job candidates than it did African American job candidates. The test appears to cause adverse impact.


When a hiring test screens out a disproportionate number of candidates from one racial group compared to another, it can be an indication of disparate impact discrimination. Disparate impact discrimination occurs when a seemingly neutral policy or practice has a disproportionate negative impact on a protected group, such as race. In this case, the sorting ability test used by the Acme Global Corporation appears to have a disparate impact on caucasian job candidates. The fact that more caucasian job candidates were screened out than African American candidates suggests that the test is not measuring skills or abilities relevant to the job, but rather is discriminating against a particular group.Employers have a legal obligation to ensure that their hiring practices do not result in discrimination against any protected group, including race. If the sorting ability test is found to have a disparate impact on caucasian job candidates, the Acme Global Corporation may be in violation of federal or state anti-discrimination laws. To avoid such legal trouble, employers should use validated tests that measure skills and abilities necessary for the job, and should regularly review their hiring practices to ensure they are not resulting in discrimination.


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Marcel wants to open a car wash after graduating from high school. For several days, he observed the cars being washed at a local car wash and recorded the following information: Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 50 cars 45 cars 48 cars 26 cars 47 cars 55 cars What is the average number of cars washed each day? If the car wash were open only five days a week, how many cars might be washed per year? (Hint: There are 52 weeks in a year.)

Answers

The average number of cars washed each day is 45 cars and the total number of cars washed in a year is 11,700.

What is mean?

In statistics, in addition to the mode and median, the mean is one of the measures of central tendency. Simply put, the mean is the average of the values in the given set. It indicates that values in a particular data set are distributed equally. The three most frequently employed measures of central tendency are the mean, median, and mode. The total values provided in a datasheet must be added, and the sum must be divided by the total number of values in order to determine the mean.

Given a table for car washing each day,

Day 1      Day 2    Day 3   Day 4      Day 5    Day 6

50            45          48         26        47            55

Average for cars washed each day,

Average = sum of cars washed/number of days

 sum of cars washed = 50 + 45 + 48 +26 + 47 + 55

the sum of cars washed = 271

total days = 6

average = 271/6 = 45.1667

average car washed each day = 45

If the car wash were open only five days a week, how many cars might be washed per year,

total car washed in year = (number of days)(average car washed)(year week)

total car washed in year = 5 x 45 x 52

total car washed in year = 11,700

Hence average car washed each day is  45 and the total car washed in a year is 11,700.

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The gap between what is required and what is available is
called
AO Competitive advantage
BO the opportunity CO The risk DO Creativity"

Answers

In summary, the gap between what is required by customers and what is available in the market is called a competitive advantage. It represents the unique attributes or resources that set a company apart from its competitors and enables it to succeed in the marketplace.The correct answer is "AO Competitive advantage."

Competitive advantage refers to the unique attributes or resources that give a company an edge over its competitors in the marketplace. It is the gap between what is required by customers and what is available from competing companies.

To better understand competitive advantage, let's take an example. Imagine there are two companies, Company A and Company B, both offering the same product. However, Company A has a faster delivery service, better customer support, and a more user-friendly website compared to Company B. In this case, Company A has a competitive advantage because it provides something extra or better than what is required by customers, giving it an edge over Company B.

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a qualitative materiality is an amount set by the auditor that is less than planning the materiality and is used to make decisions about the extent of audit proedures for a particular class of transaction

Answers

A performance materiality is a qualitative materiality is an amount set by the auditor that is less than planning the materiality and is used to make decisions about the extent of audit procedures for a particular class of transaction.

What is Performance materiality?

Performance materiality can be described as the amount that is been set set to reduce to an appropriately low.

It should be noted that the  performance materiality  can be gotten by applying a percentage  usually the  50% and 75%  with regards to the  overall materiality amount.

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Which of the following is NOT an example of a metric
?

Answers

Answer:

can you tell me what the choices are and I'll answer in the comments

Explanation:

floor gang aooh sub to pewdiepie

7.
are people who assume the risk of business ownership.
Entrepreneurs
General partners
Limited partners
Sole proprietors

Answers

An entrepreneur is a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.

Does Susan qualify to receive free tax filing software?

Answers

Yes because she earns less than 72,000 Susan qualifies to receive free tax filing software.

What is the importance of filing taxes?

Individuals who earn a certain amount of annual income are required by law to file a tax return by a specific deadline. Individuals must pay the calculated tax. Failure to pay tax will result in penalties from the Income Tax Department.

Taxpayers with an adjusted gross income (AGI) of $73,000 or less are eligible for a free federal tax return. Free File Fillable Forms are electronic federal tax forms that are the same as paper Form 1040. You should be able to prepare your own tax returns using form instructions and, if necessary, IRS publications.

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Military defense is funded by:

Answers

Answer: tax payers

Explanation: tax payers fund the military for all of its needs

The military defense is funded by tax payers

Explain one reason why a business may use social media to promote

Answers

Answer:

Social media offers many benefits to business owners, as it allows them to reach out to their customers and to gain the attention of more people/potential customers

Explanation:

examine various indigenous Technologies used in Nepal and write how they are improving the lives of people involved.

Answers

Indigenous Technology used in Nepal, there are two indigenous technologies dhiki and jato.

Dhiki is an old style rice mill or husk found in Nepal. It is usually made of hard wood. In jato, a stone grinder machine which is made of from stone, the grains are grinded by using hand.

They are improving the lives of people involved by indigenous technologies with its constitutes are important part of its cultural heritage. The various indigenous Technologies used in Nepal for improving the lives of people for soil management, improving cultivation method, and etc.

Tremendous opportunities exist where such knowledge can contribute to modern science and natural resource management.

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Joe can read 7 page of hi book in 5 minute. At thi rate, how long will it take him to read the entire 275-page book?

Answers

Joe will need about 196.43 minutes minutes to read the entire 275-page book.

We can use the formula rate = distance/time to calculate this. The distance is the number of pages in this case, and the time is the amount of time it takes to read those pages.

We know Joe can read 7 pages in 5 minutes, so we can use these values to calculate how long it will take him to read 275 pages: rate = 275 pages / time.

We get time = 275 pages / 7 pages per 5 minutes when we solve for time.

275/7=39.286

pages per 5 minutes= 39.286 *5=196.43 minutes

Converting the time from minutes to hours, we get that it will take Joe

1 hour = 60 minutes

= 196.43/60

=3 hours 16 minutes

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3rd question is: what is marilyns net annual salary

3rd question is: what is marilyns net annual salary

Answers

Answer:

1. Net monthly pay = $ 3274. 27

2. Net Annual Salary = $ 39291.4

Explanation:

The total deductions from the salary  

$ 79.20 + $ 343.21 + $ 528.01 + $ 290.41 + $ 245 + $ 520 =  2005.83

Monthly Net Pay = Gross pay – Deductions  = 5280.10 – 2005.83 = $ 3274. 27

Net Annual Salary = Net Monthly Pay * 12 = $ 39291.4

1. Net monthly pay = $ 3274. 27

2. Net Annual Salary = $ 39291.4

Which plan would most likely NOT help you reach the savings needed for college? ​

Which plan would most likely NOT help you reach the savings needed for college?

Answers

D. Start saving about two months before college begins

__________ services act as a middleman, allowing individuals to securely send and receive money. select all that apply.

Answers

The service that serves as middleman which gives room for individuals to transact by sending or receiving money is regarded as P2P.

Peer-to-peer can be regarded as a networking system which helps in partitions tasks or workloads among peers.

It helps for easy transaction whereby two or more people are involved in series of business.

In peer-to-peer (P2P) can as well be explained as  group of computers which are linked together for processing of data.

Therefore, P2P helps to connect two or more people together for easy transaction.

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spending the money on opening a new location, purchasing new equipment, implementing new programs, expanding to new product lines, and conducting research are all examples of . multiple choice question. investments revenues inflows returns

Answers

Spending money on opening a new location, purchasing new equipment, implementing new programs, expanding to new product lines, and conducting research are all examples of investments.

What is Investment?

Investment may be defined as an asset or item acquired with the goal of generating income or appreciation. This income and appreciation refer to an increase in the value of an asset over time.

This investment determines the intent which is not to consume the good but rather to use it in the future to create wealth. It is a financial asset bought with the idea that the asset will provide income further or will later be sold at a higher cost price for a profit.

Therefore, spending money on opening a new location, purchasing new equipment, implementing new programs, expanding to new product lines, and conducting research are all examples of investments.

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the linear programming approach to media selection problems is typically to either maximize the number of ads placed per week or to minimize advertising costs. group of answer choices true false

Answers

The question states whether the linear programming approach to media selection problems is typically to either maximize the number of ads placed per week or to minimize advertising costs.

This statement is false as the linear programming approach to media selection problems is typically to either maximize the number of ads placed per week or to minimize advertising costs.

Instead of having an objective of maximizing profit or minimizing expense in a media selection challenge, the goal is typically to maximize audience awareness.

A wide range of issues in the fields of business and economics can be resolved using linear programming (LP). Finding the most profitable combination of three goods a firm can produce given various cost and profit levels is an illustration of how LP is used.

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Which of the following are positive statements in terms of economic theory? Select the two correct answers below. Select all that apply: When price increases,demand falls,all else constant Income isn't equal in all countries The government should use a progressive tax scheme to decrease inequality Prices for domestic flights are too high

Answers

The two positive statements in terms of economic theory are "When price increases, demand falls, all else constant" and "Income isn't equal in all countries."

Positive statements in economics are statements that can be objectively tested or verified. They describe what is or what will be without expressing value judgments. Among the options provided, the two positive statements are:

1. "When price increases, demand falls, all else constant": This statement is a basic principle of economics known as the law of demand. It states that when the price of a good or service increases, assuming all other factors remain constant, the quantity demanded for that good or service will decrease. This relationship between price and demand has been observed and studied in numerous economic contexts.

2. "Income isn't equal in all countries": This statement is also a positive statement as it reflects the reality that income distribution varies across different countries. It acknowledges the empirical fact that income levels and inequalities differ among nations, highlighting the existence of income disparities between countries due to various factors such as economic development, political systems, natural resources, and historical circumstances.

The other two statements, "The government should use a progressive tax scheme to decrease inequality" and "Prices for domestic flights are too high," express value judgments or normative statements rather than positive statements. They involve subjective opinions about what should or ought to be, rather than stating facts that can be objectively tested.

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Sam is getting his bachelor's degree. During some of his course work, he honed his research skills and learned to
exhibit confidence while presenting to an audience. Which career has Sam most likely been preparing for?

Sam is getting his bachelor's degree. During some of his course work, he honed his research skills and

Answers

The correct answer is Journalism

Explanation:

Journalism is one of the careers that most require the use of communicative and research skills. This is because journalists are expected to gather information about important local, national and global events, which requires the use of research skills, and later they are expected to communicate the information precisely, concisely, and confidently, which requires the use of communicative skills. In this context, the career Sam is preparing for is journalism because this is the only one from the options that would require Sam to research and then communicate information confidently.

Answer:

D. Journalism

Explanation:

Suppose a lite insurance company selis a $200,000 1-year lecms iffe insurance policy to a 20yoat-old female for $230. According to the Nabional Vial Statistics Report. 58(21) the probablity that the female survives the year is 0999544 Compute and interpret the expected value of this pollcy to the insurance company The expected valje is s (Round to the nearest cent as needed) Which of the folowing interpretations of the expected valise is correct? Select the correct choice below and fir in the answer box to complete your choice (Round to the nearest cent as needed) A. The insurance company expects to make a maximum profit of 5 on every 20 -year-old fermale it insures for 1 year. B. The insurance company expects to make a profit of : on every 20-year-old female it insures for 1 month C. The irsurance company expecis to make a minimum proft of A on every 20 -year-old female it insures for 1 month D. The insurance compary empecta ta make a profit of 3 on every 20 -yeat-old female it inscires for 1 year

Answers

The expected value of this policy to the insurance company is $229.95. The correct interpretation of the expected value is "The insurance company expects to make a minimum profit of $229.95 on every 20-year-old female it insures for 1 year." Therefore, the correct option is C.

Expected value of this policy to the insurance company can be computed as follows:

Expected Value = (Probability of Survival * Amount Paid by the Policy Holder) - (Probability of Death * Amount Paid to the Policy Holder)

Probability of survival is given as 0.999544 and hence the probability of death is 1 - 0.999544 = 0.000456

Amount paid by the policyholder is given as $230 and amount paid to the policyholder in case of death is $200,000

Expected Value = (0.999544 * $230) - (0.000456 * $200,000)

Expected Value = $229.95

The expected value of this policy to the insurance company is $229.95. The correct interpretation of the expected value is "The insurance company expects to make a minimum profit of $229.95 on every 20-year-old female it insures for 1 year." Therefore, the correct option is C.

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true or false, Military spending changed a great deal in the 1970s.

Answers

Answer:

false

Explanation:

The ledger of Cheyenne Corp. On March 31, 2019, includes the following selected accounts before adjusting entries. Debit Credit Prepaid Insurance 2,700 Supplies 3,000 Equipment 32,200 Unearned Service Revenue 8,900 An analysis of the accounts shows the following. 1. Insurance expires at the rate of $400 per month. 2. Supplies on hand total $1,200. 3. The equipment depreciates $400 per month. 4. During March, services were performed for two-fifths of the unearned service revenue. Prepare the adjusting entries for the month of March. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. )

Answers

Prepaid expenses are able to be categorized as a current asset because the business has already paid them even though it hasn't yet received the goods and services. By creating adjusting entries, prepaid costs are recognized.

Sr. No       Particulars                                       Debit                  Credit

1)            Insurance Expense                            $400

           Prepaid Insurance                                                           $400

2)           Supplies Expense                             $1800

                Supplies                                                                     $1800

3)       Deprecation Expense                            $400

    Accumulated Deprecation Equipment                                 $400

4)   Unearned Service Revenue                      $3560

           Service Revenue                                                            $3560

Calculation for Supplies expense is Supplies ($3000) minus Supplies on hand ($1200) and calculation for Unearned service revenue is Multiply Unearned service revenue ($8900) by two fifth (0.4). Entries of the month of March will be ready.

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You are a trainee sales manager with a retailing firm. Visit professional websites and discussion forums to find out how managers resolve problems related to transactions including cash, checks, debit cards, credit cards, discounts, layaway, Cash on Delivery, returns, gift certificates, and automatic fee withdrawals. You may also want to meet up with and talk to a store professional during their break times and seek input in person. Also, explain the technique to make change in counter transactions correctly.

Answers

Managers resolve transaction-related issues including cash, checks, debit cards, credit cards, discounts, deposits, cash on delivery, returns, gift cards and automatic fee withdrawals based on company policy.

Importance of company policy for decision making

The organizational policy must be shared with all employees in a clear and objective way, in order to be a guide for behavior in the organization.

It will include the norms and rules to be followed in each organizational situation.

Considering Starbucks as the company of our research, through its website we can see that there is a guide with the terms and conditions for using the Starbucks card.

Therefore, each rule must be clearly exposed to stakeholders, and each issue related to financial transactions exposed in pre-established legal documents, in order to be a protection for the organization and for the clients.

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Andrea is a single parent with two young children. She works as a librarian and leads a busy life. As a discerning consumer, what will be her expectation from the TDL industry?

Answers

Answer:

The options are missing, so I looked for similar questions:

A.  delivery of large quantities B.  warehouse facilities C.  flexibility in delivery schedules D.  inventory management

The answer is:

C.  flexibility in delivery schedules

A discerning consumer is a consumer that generally shows good taste, a lot of knowledge, or sophisticated buying habits. They tend to be very demanding when they acquire services or products since they expect high quality. Normally, the expectations of discerning consumers regarding transportation, distribution and logistics (TDL) would be basically that they receive the goods that they ordered on time and when they (the consumers) have time to receive them. E.g. if they buy something online, they will expect it to be delivered fast, without any delays, and the delivery schedule should be flexible enough so that it fits their own personal schedule.

Which is the most important decision factor in transportation?
A.capacity
B. Cost
C.capability
D.reliability

Answers

I'd say D just because if you can't rely on someone and I doesn't get there it's going to be really bad
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