Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint: One way to find the missing amounts would be to prepare a contribution format income statement for each case, enter the known data, and then compute the missing items.)

Assume that only one product is being sold in each of the four following case situations. Input all amounts as positive values except for Net operating loss which should be indicated by a minus sign. Omit the "$" sign in your response.


Case Units Sold Sales Variable Expenses Contribution Margin Per Unit Fixed Expenses Net Operating Income Loss
1 15,000 $180,000 $120,000 $4 $50,000 $______
2 4,000 $100,000 $60,000 $10 $32,000 $8,000
3 10,000 $______ $70,000 $13 $_______ $12,000
4 $6,000 $300,000 $210,000 $15 $100,00 $(10,000)

Assume that more than one product is being sold in each of the four following case situations: Input all amounts as positive values except for Net operating loss which should be indicated by a minus sign. Omit the "$" sign in your response.

Case Sales Variable Expenses Average Contribution Margin Ratio Fixed Expenses Net Operating income (Loss)
1 $500,000 $______ 20% $______ $7,000
2 $400,000 $260,000 35% $100,000 $40,000
3 $______ $______ 60% $130,000 $20,000
4 $600,000 $420,000 _______% $______ $(5,000)

Answers

Answer 1

Answer:

Missing Amounts

Case Units Sold   Sales  Variable   Contribution     Fixed       Net Operating

                                        Expenses    Margin Per   Expenses   Income/Loss        

                                                                 Unit

1          15,000 $180,000   $120,000        $4           $50,000        $_10,000_

2          4,000 $100,000     $60,000       $10          $32,000         $8,000

3        10,000 $_200,000_$70,000        $13          $_118,000_    $12,000

4       $6,000 $300,000   $210,000        $15          $100,00         $(10,000)

2.

Case    Sales    Variable   Average Contribution    Fixed       Net Operating

                      Expenses       Margin Ratio           Expenses     Income/Loss

1     $500,000 $_400,000_           20%            $_93,000__       $7,000

2    $400,000 $260,000               35%              $100,000        $40,000

3    $_250,000_  _100,000_        60%              $130,000        $20,000

4   $600,000 $420,000           __30__%         $185,000_        $(5,000)        

Explanation:

Income Statement

                                      Case 1      Case 2        Case 3         Case 4

Units Sold                     15,000        4,000         10,000           6,000

Sales                        $180,000  $100,000   $200,000     $300,000

Variable Expenses    120,000     60,000         70,000       210,000

Contribution             $60,000   $40,000     $130,000      $90,000

Contribution per

unit                                 $4             $10               $13              $15

Fixed Expenses        50,000     32,000          118,000       100,000

Net operating

Income / Loss        $10,000     $8,000         $12,000      $(10,000)

2. Income Statement

                                      Case 1      Case 2        Case 3         Case 4

Sales                        $500,000  $400,000   $250,000     $600,000

Variable Expenses    400,000    260,000      100,000        420,000

Contribution            $100,000   $140,000    $150,000      $180,000

Average Contribution

Margin Ratio                20%          35%            60%             30%

Fixed Expenses         93,000     100,000       130,000        185,000

Net operating

Income / Loss          $7,000     $40,000      $20,000        $(5,000)


Related Questions

Andrew is a construction driver traveling two hours from his jobsite back to his home. He’s worked on site all week, but is not ill or fatigued. He doesn’t want this commute home to count as “on-duty” time. Can he use an exemption?

Answers

It depends on the regulations and exemptions set by the governing authority responsible for overseeing the commercial transportation industry in the region where Andrew is operating. In the United States, the Federal Motor Carrier Safety Administration (FMCSA) sets regulations for the commercial transportation industry, including those related to hours of service for commercial drivers.

What is the exemption about?

Under FMCSA regulations, a driver who is not operating a commercial motor vehicle (CMV) and is not performing any work-related duties is considered to be in a personal conveyance status and is not subject to the hours of service regulations.

Therefore, In this case, if Andrew is driving his personal vehicle and is not engaged in any work-related duties during his two-hour commute, he may be able to use the personal conveyance exemption and not have this time counted as "on-duty" time. However, it is important to check the specific regulations and exemptions in his region to ensure compliance.

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Based on the principles of psychological pricing, which of the following price adjustment would likely have the greatest positive impact on sales? A. From $51.50 to $51.45, B. From $51 to $50, C. From $58 to 56, D. From $50 to $49

Answers

Based on the principles of psychological pricing, a $50 to $49 price adjustment will likely have the greatest positive impact on sales.

Setting prices below a whole number is referred to as psychological pricing. For instance, $3.99 is perceived as "cheaper" than $4. Customers are expected to view the marginally reduced price as a bargain and be encouraged to make the purchase.

The primary goal of psychological pricing is to boost sales. Maximizing profits for the services and goods a business provides requires employing a variety of strategies or sticking with one that has been consistently shown to be effective.

Hence, the correct answer is "D" option

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Answer:

$50-$49

Explanation:

What is the primary goal of the regulations announced in this press release?
A. To reduce the cost of air travel for consumers
B. To strengthen existing consumer protections
C. To limit airlines’ access to the factor market
D. To decrease scarcity in the travel industry

Answers

I think the answer you’re looking for is
A.

- I hope this helps, I got it right. Enjoy the rest of your day/night, please make me brainliest!

To reduce the cost of air travel for consumers is the primary goal of the regulations announced in this press release.

What are consumers?

A consumer is a person or a group that is not directly involved in entrepreneurial or business operations and who intends to order or uses purchased items, products, or services primarily for personal, social, family, or household needs.

The phrase is most frequently used to describe someone who makes purchases for their own use. A consumer in an economy purchases goods or services primarily for personal use rather than for resale or for commercial objectives.

The price that consumers pay for the goods or services is followed by consumption. As a result, consumers are an essential component of any economy and play a crucial role in the economic system of a capitalist society. The consumer is also at one end of the supply chain.

When it comes to consumer protection regulations, the legal definition of the term "consumer" is typically limited to live individuals and excludes commercial users.

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A taxpayer tells you that they had health insurance coverage for the entire year, but they did not bring proof of the coverage.This information along with all other infor­mation gathered during your interview does not seem unusual or questionable.As a tax preparer, you should:
a. Send the taxpayer home to get their insurance card
b. Prepare the return using the information without seeing any proof of insurance coverage
c. Prepare their return without giving them credit for having health insurance coverage24

Answers

As a tax preparer, you should prepare return using information without seeing any proof of the insurance coverage.

What is tax?

To ensure that taxpayers are paying proper amount of tax at the proper time and obtaining the proper tax allowances and tax reliefs, policy actions and individual conduct are referred to as tax compliance. A tax is a mandatory financial charge or other sort of levy that is placed on a taxpayer by an administrative body to pay for certain public expenditures and administrative costs. While most tax rates are progressive and based on annual income levels, other taxes are flat percentage rates based on an individual's yearly income. Taxation is the economic process of transferring funds from people or businesses to the government. On economic wellbeing and growth, this may have either favorable or unfavorable impacts (known as the fiscal multiplier).

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If a business has an internalization advantage, it is more likely to

a. engage in contract manufacturing
b. own a resource that gives it a competitive advantage over its rivals
c. face the liability of foreignness
d. use FDI as a market-entry strategy

Answers

Answer:

D

Explanation:

The internalization theory suggests that a firm would engage in foreign direct investment when it has an internalization advantage.

The internalization advantages include :

technical know-howgoodwillgood management

Foreign direct investment can be described as when a company or an individual invests in a business located in another country.

A market economy is regulated by the interactions between which two things?

A market economy is regulated by the interactions between which two things?

Answers

Answer:

b is the answer

Explanation:

producers and consumers

Drexler Company had the following on the dates indicated:

12/31/2022 12/31/2021
Total assets $750000 $520000
Total liabilities $300000 $200000

Drexler had no share transactions in 2022, and thus, the change in shareholders’ equity for 2022 was due to net income and dividends. If dividends were $50,000, how much was Drexler’s net income for 2022? Use the accounting equation and the statements of retained earnings.

a. $100,000
b. $130,000
c. $180,000
d. Some other amount (fill in the blank)

Answers

The amount of Drexler’s net income for 2022 will be $400000 which is D. Some other amount.

How to calculate the net income?

Net income, as used in business and accounting, is an entity's revenue less costs associated with producing it, depreciation and amortization, interest, and taxes for a given accounting period.

Net income is the amount that remains in your account after taxes and other withholdings have been deducted from your paycheck. Net income is the amount of money left over after operating costs, administrative expenses, cost of goods sold, taxes, insurance, and any other business costs have been paid.

This will be:

= $750000 - ($300000 + $50000)

= $750000 - $350000

= $400000

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Suppose the economy is in a recession. The economy needs to expand by at least $450 billion, and the marginal propensity to consume is 0.6.

What is the least amount the government can spend to overcome the $450 billion gap?
$
billion

Answers

When an economy is in a recession and produces less than its potential GDP, expansionary fiscal policy is most suitable. Through reductions in public expenditure or increases in taxation, fiscal policies that are in contractionary mode lower the amount of aggregate demand.

How does an economy get out of a recession?

What Happens When an Economy Comes Out of a Recession? After a period of market-based economic adjustment, economies emerge from recessions. Economic recovery is also aided by fiscal stimulus plans. Both the central bank and the government have an influence on the economy through their separate monetary and fiscal policies.

How does a recession unfold? Companies sell less during recessions, and economic growth slows down or stops altogether. Large percentages of personnel may need to be let go by organizations to save expenses, which will lead to widespread unemployment.

The 2008 financial crisis-related global recession and the Great Depression of the 1930s, respectively, are the most frequently cited examples of a recession and depression.

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Which action is an example of a service provided by an organization that receives charitable donations?

Answers

Answer:

The action, which is an example of a service provided by an organization that receives charitable donations, is:

Creation of solutions to sustain our natural resources.

Explanation:

The above action is provided by the World Resources Institute.  It is a research organization that creates solutions to sustain our natural resources. It is a nonprofit and depends on charitable donations received from individuals and organizations for its activities.  It does not have any source of revenue for self-sustenance.  The World Resources Institute is very active in over 50 countries, working to address the climate, food, water, energy, cities and transport, and forest issues.

he bylaws of the corporation: A. are adopted as one of the first items of business at the organizational meeting held promptly after incorporation. B. may contain any provision for managing the business not inconsistent with law or the charter. C. may be repealed by the board of directors. D. All of these are true.

Answers

Answer:

D. All of these are true.

Explanation:

A corporation can be defined as a corporate organization that has facilities and owns or controls assets used for the production of goods and services in at least one country other than its headquarter (home office) located in its home country.

This ultimately implies that, a corporation is a corporate organization that owns or controls its business in two or more countries.

It is considered to be one of the most complicated and expensive type of organization. Generally, a corporation is considered to be perpetual in nature and it is a body that comprises of a group of people such as directors, shareholders etc., who act as a single entity. Also, it can be sold through stocks or shares, as a public entity.

One of the advantage of a corporation is that, owners have limited liability for debt to the extent to which they have invested and as such are not personally liable for some of debt owed by corporation.

A bylaw can be defined as rules or laws that are binding on an organization and its employees, as a result generally governs the internal affairs of the organization.

10. The directors of KOKO Limited issued 100,000 ordinary shares of no-par value for GH¢10 each payable as follows: on application GH¢3 and on allotment GH¢7. All issued shares were fully subscribed and monies were paid. How much was paid on application? GH 1,000,000 B. GH 300,000 C. GH 400,000 D. GH 700,000​

Answers

The correct answer is B. GH¢300,000 was paid on application for the 100,000 ordinary shares issued by KOKO Limited.

The total amount raised from the issuance of 100,000 ordinary shares is calculated by multiplying the number of shares by the issue price per share. In this case, the issue price per share is GH¢10. Therefore, the total amount raised would be 100,000 shares multiplied by GH¢10, which equals GH¢1,000,000. According to the information provided, the amount paid on application iGH¢3 per share. To determine the total amount paid on application, we multiply the amount paid per share by the total number of shares. Therefore, GH¢3 multiplied by 100,000 shares equals GH¢300,000. Therefore, the correct answer is B. GH¢300,000 was paid on application for the 100,000 ordinary shares issued by KOKO Limited.

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Which of the following statement is TRUE?

(1 Point)

Developmental programs improve conceptual skills of managers for the future job.

Training programs improve conceptual skills of nonmanagers for the future job.

Developmental programs improve technical skills of nonmanagers for the current job.

Training programs improve technical skills of mangers for the current job.

Answers

'Developmental programs improve conceptual skills of managers for the future job' is true. The right answer is a.

The goals and content of training and development are different from one another. While "development" refers to a long-term method through which managerial personnel understand conceptual and theoretical knowledge for broad reasons, "training" is a short-term process through which non-managerial personnel acquire technical knowledge and skills for a specific purpose.

Development covers the process through which managers and executives build capacity for both future managing roles as well as skills and competence for their current ones.

The correct answer is option a.

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If you contributed the full 6% of your $50,000 salary (the amount your company will match), what would be your monthly contribution to the 401(k)? What would be your employer’s contribution?

Answers

Answer:

Monthly contribution $6,000

Employers contribution $3,000

Explanation:

The employee contributions would be 6% of $50,000

=6/100 x $50,000

=0.06 x $50,000

=$3,000

If the employer matches the employee contribution, the employer will also contribute $3,000

The total employee monthly contribution would be $3000 + $3000= $6000

Employer contribution will $3000

On 12/31/Year 1 Passey Co. acquired a 100% interest inSolomon Co. by exchanging 10000 shares of its common stock for100000 shares of Solomons common stock. The fair market value ofPasseys common stock on December 31 Year 1 was $9 per share andthe fair value of Solomons was $3.50 per share.Additional information as of December 31 Year 1 is as follows:
Solomon Co.
Book Values Fair Values
Current assets $115000 $115000
Plant assets 200000 255000
Liabilities 10000 10000
Passey Co.Plant assets$1700000 $1800000
Passeys consolidated financial statements as of December 31 Year1 would report plant assets at:__________.
i. $1700000
ii. $1800000
iii. $1955000
iv. $2055000

Answers

The consolidated financial statements of Passey Co. as of December 31, Year 1 would report plant assets at iii. $1,955,000.

Data and Calculations:

Passey Co.s shareholding in Solomon Co. = 100%

The fair value of Solomon's = $3.50

The fair value of Passey's = $9

Solomon Co.

                                         Book Values   Fair Values

Current assets                      $115,000       $115,000

Plant assets                         200,000       255,000

Liabilities                                 10,000           10,000

Passey Co.

Plant assets                   $1,700,000 $1,800,000

Consolidated Plant Assets:

                                              Passey Co.   Solomon Co.  Consolidated

Number of shares exchanged  10,000          100,000

Plant assets                       $1,700,000      $255,000       $1,955,000

Thus, the consolidated financial statements of Passsey Co. as of December 31, Year 1 would report plant assets at iii. $1,955,000.

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How does the project fit within the global microeconomic environment? Support your response with evidence.

Answers

Explanation

Microeconomics is one of the significant center regions inside the scholarly field of financial aspects. While the degree and techniques for microeconomics can be intricate, its general center is moderately direct. Microeconomics inspects the regular activities of the commercial center, zeroing in on the choices made by people – individuals and organizations – as they purchase, sell, contribute and settle on other monetary choices. You don't have to officially consider microeconomics to apply a portion of its standards to your private company.

Outline and describe the different forms of Communication and further explain how they are important in an organization. Provide practical example to support your discussion.​

Answers

La comunicación desempeña un papel fundamental en el funcionamiento de una organización, ya que permite la transmisión de información, ideas, instrucciones y retroalimentación entre los miembros del equipo. Existen varias formas de comunicación que se utilizan en un entorno organizacional. A continuación, describiré algunas de las formas más comunes:

Comunicación verbal: Es el uso de palabras habladas para transmitir información. Puede ser en forma de reuniones, conversaciones cara a cara, llamadas telefónicas o videoconferencias. La comunicación verbal es rápida y permite una interacción directa entre las personas, lo que facilita la clarificación de dudas y la resolución de problemas en tiempo real. Por ejemplo, durante una reunión de equipo, los miembros pueden discutir ideas, compartir actualizaciones y tomar decisiones conjuntas.

Comunicación escrita: Implica el uso de palabras escritas para transmitir información. Esto incluye correos electrónicos, mensajes de texto, informes, memorandos y documentos formales. La comunicación escrita es útil cuando se requiere un registro permanente de la información y proporciona la oportunidad de revisar y editar antes de enviar el mensaje. Por ejemplo, un gerente puede enviar un correo electrónico detallando las metas y objetivos del proyecto a su equipo para asegurarse de que todos estén al tanto de las expectativas.

Comunicación no verbal: Se refiere a la transmisión de información sin el uso de palabras. Incluye gestos, expresiones faciales, lenguaje corporal y tono de voz. A menudo, la comunicación no verbal puede transmitir emociones y actitudes que pueden complementar o contradecir el mensaje verbal. Por ejemplo, durante una presentación, el lenguaje corporal de un orador puede transmitir confianza y entusiasmo, lo que refuerza su mensaje.

Comunicación formal: Se lleva a cabo a través de canales oficiales y estructurados dentro de la organización. Esto incluye comunicaciones descendentes, como anuncios y políticas de la gerencia hacia los empleados, así como comunicaciones ascendentes, como informes de estado y retroalimentación de los empleados hacia los superiores. La comunicación formal es importante para establecer líneas claras de autoridad y responsabilidad, así como para garantizar la coherencia en la información transmitida.

Comunicación informal: Se produce a través de interacciones sociales no estructuradas entre los miembros de la organización. Esto puede incluir conversaciones informales en el lugar de trabajo, interacciones en las pausas para el café o discusiones en grupos de chat en línea. La comunicación informal es valiosa para fomentar la camaradería, construir relaciones y facilitar el intercambio de ideas no convencionales. Por ejemplo, en un entorno de trabajo abierto, los empleados pueden compartir ideas innovadoras durante una conversación informal en la sala de descanso.

La importancia de estas formas de comunicación en una organización radica en que permiten la colaboración efectiva, la toma de decisiones informada, la resolución de problemas, la coordinación de tareas y la creación de un ambiente de trabajo positivo. Una comunicación clara y efectiva evita malentendidos, reduce los errores, mejora la productividad y fortalece la cohesión del equipo.

Un ejemplo práctico podría ser una empresa de desarrollo de software. En este caso, la comunicación verbal sería esencial para que los miembros del equipo discutan los requisitos del proyecto, compartan actualizaciones diarias y resuelvan problemas en las reuniones diarias de puesta al día (stand-up meetings). La comunicación escrita sería crucial para documentar los requisitos, especificaciones técnicas y cronogramas del proyecto, así como para enviar correos electrónicos y mensajes de chat con actualizaciones y solicitudes de retroalimentación. La comunicación no verbal también tendría un papel importante, ya que el lenguaje corporal y las expresiones faciales en las reuniones ayudarían a transmitir confianza y apoyo entre los miembros del equipo. En cuanto a la comunicación formal, se utilizarían informes de estado y presentaciones formales para mantener a la alta dirección informada sobre el progreso del proyecto. Por último, la comunicación informal se daría en momentos de descanso, donde los empleados podrían discutir ideas, plantear desafíos y fomentar la creatividad en un ambiente más relajado

Answer:

There are several different forms of communication that are important in an organization. These include:

1. Verbal communication: This is the use of spoken words to convey a message. Verbal communication is important in an organization because it allows employees to communicate with each other and with customers. For example, a salesperson might use verbal communication to explain the features of a product to a customer. Another example is a team meeting where employees discuss project updates and share ideas.

2. Nonverbal communication: This is the use of body language, gestures, and facial expressions to convey a message. Nonverbal communication is important in an organization because it can convey emotions, attitudes, and intentions. For example, a manager might use nonverbal communication to show approval or disapproval of an employee's performance. Another example is a job interview where the interviewer might use nonverbal communication to assess the candidate's confidence and professionalism.

3. Written communication: This is the use of written words to convey a message. Written communication is important in an organization because it provides a permanent record of communication. For example, an email can be used to communicate project updates, deadlines, and other important information. Another example is a report that summarizes the results of a project.

4. Visual communication: This is the use of images, graphs, and other visual aids to convey a message. Visual communication is important in an organization because it can help to simplify complex information and make it easier to understand. For example, a chart can be used to show sales trends over time. Another example is a video that demonstrates how to use a product.

All of these forms of communication are important in an organization because they allow employees to share information, ideas, and feedback. Effective communication can also help to build trust and relationships between employees, customers, and partners. For example, if a customer has a positive experience with a salesperson, they are more likely to return to the organization in the future.

A practical example of the importance of communication in an organization is a team project. Effective communication is essential for the success of the project. Team members need to be able to communicate their ideas, concerns, and progress to each other in order to stay on track and meet deadlines. This might involve verbal communication in team meetings, written communication in project reports, and visual communication in presentations. Without effective communication, the project is likely to fail.

(a) Direct Labor Rate Variance:

(b) Labor Efficiency Variance:

(C) Total Direct Labor Cost Variance:


why is nobody is answering?? ​

(a) Direct Labor Rate Variance: (b) Labor Efficiency Variance: (C) Total Direct Labor Cost Variance:why

Answers

Explanation:

(a) Direct Labor Rate Variance:

Direct Labor Cost Variance is the difference between the actual direct labor cost, and the standard cost.  

The formula for calculating the direct labor cost variance is:  

Actual cost per DLH = (Actual) direct labor cost incurred / Actual amount of direct labor hours.

Actual cost per DLH = $360,000/20,000 = $18 per DLH  

Direct Labor Cost Variance = [Actual Cost (AC) - Standard Cost (SC)] × Actual quantity of labor hours (AQ).

Direct Labor Cost Variance  =  ($18 per DLH - $16.50 per DLH) × 20,000 hours

Direct Labor Cost Variance  = $1.50 × 20,000 hours

Direct Labor Cost Variance  = $30,000  ( U )

The direct labor cost variance is unfavorable because because the firm paid $1.50 more per hour than expected  ($18 actual cost - $16.50 standard cost).

 

(b) Labor Efficiency Variance:

Direct Labor Efficiency Variance:  The difference between the actual quantity of labor hours and the labor hours that should have been used (standard quantity).

Direct Labor Efficiency Variance = (AQ − SQ) × SC

We must determine the standard quantity of labor hours before we could solve for the direct labor efficiency variance.

SQ = 45,000 units × 0.5 hours = 22,500 total DLH

Substitute the SQ into the calculations for the direct labor efficiency variance:

Direct Labor Efficiency Variance = (20,000 DLH - 22,500 DLH)  × $16.50 per DLH

Direct Labor Efficiency Variance = $41,250  ( F )

The $41,250 direct labor efficiency variance is favorable because the employees worked  2,500 fewer hours than the flexible budget called for to produce 45,000 units.  

 

(c) Total Direct Labor Cost Variance:

Total Direct Labor Cost Variance  =  Cost Variance  - Efficiency Variance

Total Direct Labor Cost Variance  =  $30,000 ( U )  - $41,250 ( F )

Total Direct Labor Cost Variance  = $11,250 ( F )

 

The $11,250 favorable direct labor variance suggests that total labor costs were significantly less than expectations.  The reasons are:  

The employees produced 45,000 units in 20,000 hours instead of the expected 22,500 hours—hence, a favorable efficiency variance. The firm also paid its workers an average of $18 per labor hour instead of the standard rate of $16.50—thus, an unfavorable cost variance.

*Note:

This will be the last time that I'll help out with a non-math related topic.

Sandra’s Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sandra's Purse Boutique uses a periodic inventory system.


Date Transactions Units Unit Cost Total Cost
October 1 Beginning inventory 6 $ 790 $ 4,740
October 4 Sale 4
October 10 Purchase 5 800 4,000
October 13 Sale 3
October 20 Purchase 4 810 3,240
October 28 Sale 7
October 30 Purchase 8 820 6,560
$ 18,540
3. Using LIFO, calculate ending inventory and cost of goods sold at October 31

Answers

The cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.

The LIFO method (last-in, first-out) of inventory valuation requires that the most recent purchases of inventory be used first in the cost of products sold and ending inventory calculations. The ending inventory and cost of products sold at the end of October will be calculated using the LIFO method, based on the data given in the table.Based on the data given, the total units sold is 14, and the total units purchased is 17. Here's how to calculate the ending inventory and cost of products sold using the LIFO method:Step 1: The last purchase of 8 units at a cost of $820 each on October 30 is deducted from the inventory count, leaving 9 units.Step 2: The previous purchase of 4 units at a cost of $810 each on October 20 is deducted from the inventory count, leaving 5 units.Step 3: The next purchase of 5 units at a cost of $800 each on October 10 is deducted from the inventory count, leaving 0 units.Step 4: Based on the LIFO method, the cost of the ending inventory is the sum of the cost of the oldest units remaining in stock, which is 4 units at a cost of $790 each on October 1, totaling $3,160.Step 5: Based on the LIFO method, the cost of goods sold (COGS) is calculated by adding the total cost of units sold, which is 14 units at a cost of $820 each on October 30, 4 units at a cost of $810 each on October 20, and 5 units at a cost of $800 each on October 10, totaling $17,260.Therefore, the cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.

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Penny Cassidy is considering forming her own pool service and supply company, Penny’s Pool Service & Supply, Inc. (PPSS). She has decided to incorporate the business to limit her legal liability. She expects to invest $31,000 of her own savings and receive 2,000 shares of common stock. Her plan for the first year of operations forecasts the following amounts at December 31, the end of the current year: Cash in bank, $7,000; amounts due from customers for services rendered, $3,400; pool supplies inventory, $5,700; equipment, $29,100; amounts owed to Pool Corporation, Inc., a pool supply wholesaler, $4,600; note payable to the bank, $6,100. Penny forecasts first-year sales of $66,600, wages of $25,100, cost of supplies used $9,300, other administrative expenses of $5,600, and income tax expense of $5,100. She expects to pay herself a $18,000 dividend as the sole stockholder of the company.



If Penny’s estimates are correct, what would the following first-year financial statements look like for Penny’s Pool Service & Supply, Inc.?

Answers

The company's financial performance and position during the first full year of operations are summarized in the financial statements. Sales, costs, investments, liabilities, and stockholder equity all appear to reflect the estimates and facts given.

A shareholder of corporate stock is an individual or legal entity (such as another corporation, a body politic, a trust, or a partnership) that is registered by the corporation as the legal owner stockholder of shares of the share capital of a public or private corporation financial statements (also frequently referred to as a stockholder in the United States).

Members of a company are sometimes used to refer to stockholders.

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Pamela is also a saver. She sets aside $100 per month during her 40 year career. She invests in the US stock market* through an index fund that averages a 7% annual return over this 40 year period.

Answers

Answer:

$32,183.77

Explanation:

A- monthly payment, r- monthly interest rate, n- number of months

A- 200, r- 7%/12 =0.583%, n = 40 × 12 = 480

FV = 200× (1- (1.00583)^(-480))/0.00583

    =32,183.767

    = $32,183.77

She invests in the US stock market in an index fund that averages a 7%. The annual return over this 40 year period is $32,183.77.

What is index fund?

A mutual fund or exchange-traded fund that tracks a certain basket of underlying investments is known as an index fund. Index funds must adhere to a set of predetermined regulations.

An index fund is a combination of stocks or bonds created to closely resemble the make-up and performance of an index of the financial markets. In comparison to actively managed funds, index funds incur fewer costs and fees. Investing is done passively with index funds.

I- 200

r- 7%/12 =0.583%

n = 40 × 12 = 480

FV = 200× (1- (1.00583)^(-480))/0.00583

   =32,183.767

Hence, The annual return over this 40 year period is $32,183.77.  

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Which of the following is not public sector undertakings?
1. Rastriya Bima Sasthan
2.Hotel Himalayan
3.Nepal Telecom
4.DDC​

Answers

Answer:

DDC is not a public sector

Katz (1955) identified three categories of skills that should be developed in order to improve administrative leadership. Which type of skills are characterized by the ability to work cooperatively with group members, being aware and sensitive to the needs of others, and building a trusting environment?

Answers

There are three essential skill sets for successful leaders, according to Robert Katz: interpersonal (or human) skills, conceptual skills, and technical skills.

How does the Katz Three Skill Approach work?

When Robert Katz published his article titled "Skills of an Effective Administrator" in the Harvard Business Review in 1955, the skills theory of leadership became a well-known concept. Katz's personal observations of executives at work and field research in administration served as the foundation for the study. In the paper, he suggested that three fundamental personal skills are necessary for effective administration or leadership: human, conceptual, and technical He identified these three areas of expertise as the most essential skills that the executives shared and utilized frequently.

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One of the most strategies in developing a strong sense of personal responsibility is to what

Answers

Answer:

Take responsibility for your thoughts, feelings, words, and actions.

Explanation:

There are various strategies to take in developing a strong sense of personal responsibility, one of the topmost strategies is to "Take responsibility for your thoughts, feelings, words, and actions."

This will surely help in determining how to react to situations, without being pushed by others or blame others for the outcome.

Also, it will not affect your perception and duty to yourself. But rather spur you to do what you believe in and what will benefit you.

What account below is not an asset?
A. Capital Stock
B. Inventory
C. Cash
D. Accounts Receivable

Answers

Answer:

A. Capital Stock

Explanation:

Accounts are categorized following the accounting equation of assets are equal to equity plus liabilities. Asset accounts track and record the resources that a business owns or controls. Assets being the valuable items that a business uses to generate income or maintain operations.

Equity represents the owner's interest in the business. It comprises capital contributions and retained earnings. Capital stocks belong to equity accounts and not asset accounts.

Consider a firm redesigning its logistics network. What are the advantages of having a small number of centrally located warehouses? What are the advantages of having a larger number of warehouses closer to the end customers?

Answers

Small centrally located warehouses offer cost efficiency and simplified inventory management, while larger warehouses closer to customers provide faster delivery, better customer service, and cost savings in shipping.

Having a small number of centrally located warehouses offers several advantages in a firm's logistics network:

Cost Efficiency: Centralized warehouses can lead to cost savings in terms of inventory management, transportation, and operational overheads. With fewer warehouses, the firm can benefit from economies of scale in procurement, storage, and distribution.

Simplified Inventory Management: Managing inventory becomes more streamlined when there are fewer warehouses. It allows for better control and visibility over stock levels, reducing the risk of stockouts or overstocking.

Faster Transit Times: With centrally located warehouses, products can be shipped more quickly to various regions since they are closer to major transportation hubs. This reduces lead times and improves overall customer satisfaction.

Improved Coordination: Centralized warehouses facilitate better coordination and synchronization of supply chain activities. It becomes easier to manage inbound and outbound logistics, optimize transportation routes, and consolidate shipments.

On the other hand, having a larger number of warehouses closer to end customers provides the following advantages:

Faster Delivery: Proximity to end customers enables faster order fulfillment and delivery. Products can reach customers more quickly, reducing transit times and improving responsiveness.

Enhanced Customer Service: Local warehouses allow for better customization and personalization of service. They can cater to specific regional preferences, offer faster response times to customer queries, and handle returns or exchanges more efficiently.

Lower Shipping Costs: By locating warehouses closer to customers, transportation costs can be reduced as products travel shorter distances. This can lead to cost savings in shipping expenses.

Flexibility and Redundancy: Having multiple warehouses distributed geographically provides redundancy and flexibility in the supply chain. It mitigates the risk of disruptions, such as natural disasters or transportation issues, as the firm can rely on alternative warehouse locations.

In summary, a small number of centrally located warehouses offer cost efficiency and streamlined inventory management, while a larger number of warehouses closer to end customers provide faster delivery, improved customer service, lower shipping costs, and increased flexibility.

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Post-assessment
Question 2 of 10
Which of these is true about social signals?

Answers

The option which is always true about social signals is : "They may have different meanings across cultures."

What are social signals?

Social signals are interactions between social media users and the content you share on your website.

Below are some examples of social signals. Someone shared a link to a page on your site in a public Fac.  ebook post. The post will receive likes, comments and other shares. Social signals are interactions and engagement between people with posts on social media.

Social signals include: Fac.  ebook likes, comments and shares. Tw. itter likes, retw. eets, quotes and conversations.

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Full Question:

Although part of your question is missing, you might be referring to this full question:

Which of these is true about social signals?A. They are always clear and obvious.B. Only peers send them to each other.C. They tell you everything you need to know.D. They may have different meanings across cultures.

Which scenarios provided would cause a change in demand for grape jelly?
A)
The price of grape jelly increases considerably.
B)
Grape jelly is placed on sale at a local supermarket.
The prices of peanut butter and bread increase substantially.
D)
Summer is approaching and more people prefer sandwiches for lunch.
E)
The federal government releases a report on the positive health benefits of
grape jelly

Answers

Answer:C d and e

Explanation:there different scenarios

Veronica Is thinking about getting a prepaid debit card. She has made a list of good reasons to get the card. What reason should NOT be on her
list?
Select the best answer from the choices provided.
OA. A bank will not let her open an account with them, but she needs a card to be able to make purchases online.
O B. She wants to avoid fees at the bank and prepaid debit cards have no costs other than the money she puts on the card.
Oc with a prepaid debit card she can do many of the same things that she would be able to do with a credit card.
OD. She wants to avoid going into debt with a credit card, so she decides to get a prepaid debit card instead.

Answers

The answer is the first options

Which of the following is considered the more industrial version of hunting?

A: Trapping
B: Cornering
C: Reaping

Answers

i believe it's A. Trapping

Question 6
(6 Marks)
Entity Z is trying to obtain a cost estimate for the costs of repairs. The following monthly repair costs
have been recorded for the past six months.
Plack Company is a manufacturing company that makes and sells a single product. The following
information relates to the company's manufacturing operations in the next financial year.
->
Opening and closing stock:
Production:-
Sales:
Fixed production overheads:
Fixed sales overheads:
Nil
18,000 units-unit manufactured 3000
15,000 units Units sold,
Closing
Inver
R72,000
Using absorption costing, the company has calculated that the budgeted profit for the year will be
R43,000.
>
Marginal Absorption
Required:
What would be the budgeted profit if marginal costing is used, instead of absorption costing?

Answers

The budgeted profit using marginal costing would be -R12,000.

How to calculate the cost

Using the information provided:

Opening stock = 0

Production = 18,000 units

Closing stock = 0

Fixed production overheads = R72,000

Total variable manufacturing costs = 0 + 18,000 - 0 - R72,000 = -54,000 (negative value due to fixed production overheads)

Total variable production cost per unit = -54,000 / 18,000 = -3 (negative value due to fixed production overheads)

Budgeted profit using marginal costing = (Sales - Total variable production cost per unit * Units sold) - Fixed sales overheads

Given:

Sales = 15,000 units

Fixed sales overheads = R72,000

Total variable production cost per unit = -3

Budgeted profit using marginal costing = (15,000 - (-3) * 15,000) - 72,000

= (15,000 + 45,000) - 72,000

= 60,000 - 72,000

= -12,000

Therefore, the budgeted profit using marginal costing would be -R12,000.

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