Here is the journal entry you would make on that date, considering the decline in raw material price:
1. Debit "Estimated Liability on Purchase Commitment" for $35,000.
2. Credit "Unrealized Loss on Purchase Commitment" for $35,000.
- The agreed price of the raw materials was $400,000 on November 30, 2020.
- The price of the raw materials declined to $365,000 by December 31, 2020.
- The difference between these two amounts is $35,000 ($400,000 - $365,000).
By recording this journal entry, Marvin Gaye Company is recognizing the decline in the raw material price and creating an estimated liability for the difference in the price on the balance sheet. The unrealized loss is recorded in the income statement as a result of the change in the value of the purchase commitment.
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A ________ consists of all the product lines and items that a particular seller offers for sale.
product mix consists of all the product lines and items that a particular seller offers for sale.
What is product ?In the economic sense, a product is anything that may be sold to fulfill a customer's want or need. Product information may be included with a product. The product description is established by law for several product categories. For instance, food products must bear labels that list the contents, ingredients, and best-before date.
Some businesses make products and offer services using product information systems. A product information system keeps track of a product's attributes and life cycle, among other things. This product life cycle illustrates how a product changes as it is being actively manufactured and sold. Phases like development, growth, maturity, and degradation are involved. A product might be a physical item, like
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Is this how to speak to a girl, I am lost if you're away. You have me so completely. I cherish you night and day. Without your breath, I cannot live.
how is self employment an alternative to large scale industries?
Answer:
The self-employment involving activities on a small-scale is a good alternative to large scale business which has brought various evils like environmental pollution, development of slums, exploitation of workers, and so on. In self-employment there is no limit of earnings as is the case with wage employment.
I either want to Sing, become a GachaTuber, be an actor/Actress, become a Gamer, or become a Ghost Hunter.. What one do I pick? (real life situation.)
(Repost)
You need to pick the career option , which you enjoy to do. If you have passion for shooting videos you can become a Gacha Tuber, If your passion is action you can take training for becoming Actor or Actress, and lastly if you are interested in paranormal activity you can be a Ghost Hunter. You can take advice form career counsellor as well.
A person's career is a metaphorical "journey" through learning, work, and other elements of life. There are numerous definitions of career, and the term is used in a variety of contexts.
By the late twentieth century, a large range of options and more widespread education had made it easy to plan a career. In this regard, the careers of the career counsellor and career advisor have matured. Adults in the late twentieth/early twenty-first century are also not unusual in having dual or numerous careers, either sequentially or concurrently.
As a result of this shift in work ethic, professional identities have become hybridized.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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Which paradigm focuses on equal opportunity, fair treatment, recruitment of minorities, and strict compliance with the equal employment opportunity laws? Learning and effectiveness Profit and growth Discrimination and fairness Access and legitimacy
The paradigm that focuses on an equal opportunity, fair treatment, recruitment of minorities, and strict compliance with the equal employment opportunity laws is the Access and Legitimacy paradigm.
What is the Access and Legitimacy paradigm?The access and legitimacy paradigm of diversity represents the lowest level of diversity management. It views cultural differences as unique perspectives that can provide insights and perspectives that improve business outcomes. To recruit, train, and retain a diverse workforce, it emphasizes adherence to laws, guidelines, and regulations on equal employment opportunity and affirmative action.
The access and legitimacy paradigm emphasizes social justice, and fair treatment and emphasizes diversity programs that are consistent with business objectives, not just social justice issues.
Diversity management aims to identify, appreciate, and make the most of differences in employees. These differences may include age, sexual orientation, physical ability, gender, race, and religion. Organizations that embrace diversity benefit from the new perspectives and ideas that diversity brings, as well as the increased employee morale that results from being recognized and valued for individual differences.
Therefore, the Access and Legitimacy paradigm is an essential component of an organization's diversity strategy.
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Design thinking is based on the needs of the designer.
True
False
Answer:
True
Explanation:
Which best describes a central bank’s primary goals?
Limiting inflation and reducing unemployment.
Reducing unemployment and maintaining cash flow.
Controlling stagflation and reducing unemployment.
Managing credit and ensuring the money supplies liquidity.
Answer: A-limiting inflation and reducing unemployment
Explanation: edeg2020
The primary goal of the central bank of a country is to:
Limiting inflation and reducing unemployment.What is the central bank?The central bank is the highest bank of the country. This is the bank that is in charge of all other banks in the nation.
The bank is responsible for the control of the country's currency. They are also responsible for the supply of liquidity.
But their main function in the economy is to Limit inflation and reduce unemployment.
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on january 1, 2022, woodstock, inc. purchased a machine costing $40,000. woodstock also paid $1,000 for transportation and installation. the expected useful life of the machine is 6 years and the residual value is $5,000. how much is the annual depreciation expense assuming use of the straight-line depreciation method?
a. $6,100.
b. $6,000.
c. $5,950.
d. $5,750.
The annual depreciation expense assuming the use of the straight-line depreciation method is $6,000. Option B.
Calculation:
Annual depreciation under SLM:
= (Asset cost-Salvage value) + Useful life of the asset
= ($40,000+$1,000 - $5,000)/6
= $36,000/6
= $6,000
Residual value, also called residual value, is the estimated value of an item of property, plant, and equipment at the end of the lease term or useful life. In a leasing situation, the lessor uses the residual value as one of the primary ways to determine how much the lessee will pay in regular lease payments. Residual value is one of the components of a lease calculation or transaction.
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There are two basic areas of science:
and applied science.
A.mental
B.information
C.pure
Answer:
Basic science, such as understanding how cells work, is research aimed at understanding fundamental problems.
Applied science, such as the medical field, is the application of basic scientific knowledge to solve practical problems.
Applied science uses and applies information obtained through basic science.
Explanation:
So, option B is the correct
Information ℹ️
Create one sentence summarizing what you have read. You must keep your sentence to 20
words or less. You may take more than one try to get to twenty
A sentence that can summarize what I have read is: "Understanding people's perspectives requires a broad-minded attitude, which appears rare in the modern days."
What does individual perspective mean?Individual perspective means the mental state whereby available facts and personal ideas describing human behavior are combined to form opinions or viewpoints.
In life, individual perspective describes the way people:
Understand lifeApproach life issues Apply personal experiences.Thus, a sentence that can summarize what I have read is: "Understanding people's perspectives requires a broad-minded attitude, which appears rare in the modern days."
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a man is 52 years old. he is terminating his employment at a state university. he is fully vested in a 457(b) plan. if he withdraws the money from his 457(b) plan,
It is important to speak with a financial advisor to discuss his specific situation and determine the best course of action for him.
If a man who is 52 years old terminates his employment at a state university and is fully vested in a 457(b) plan, he will not have to pay an early withdrawal penalty if he withdraws the money from his plan.
However, he will still have to pay income taxes on the amount of the withdrawal. The amount of income taxes that he owes will depend on his income and filing status.
His retirement goals: If he is planning to retire soon, then he may want to withdraw the money from his 457(b) plan to help fund his retirement. However, if he is not planning to retire soon, then he may want to leave the money in his 457(b) plan to continue to grow tax-deferred.
His financial situation: If he is facing financial hardship, then he may need to withdraw money from his 457(b) plan to cover his expenses. However, if he is not facing financial hardship, then he may want to consider other options, such as taking out a loan or selling assets.
The tax implications: As mentioned earlier, he will have to pay income taxes on the amount of the withdrawal.
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Josh runs a kayak rental company in Florida keys. his career would fall under the education and training career cluster true or false.
Answer:
The answer is False
As a factor of production, what is capital?
A. an industrial good
B. the natural resources used to create a product
C. the entrepreneur who sees how to make something useful
D. the tangible products made by labor
Answer:
Option "D" is the correct answer.
Explanation:
Labor produces tangible goods, which are referred to as capital. There are production-related man-made items such as machinery, vehicles, and chemicals. That is what sets them apart from commercial products.
Negotiated transfer pricing is not always used because of each of the following reasons except:
a. market price information is sometimes not easily obtainable
b. a lack of trust between the negotiating divisions may lead to a breakdown in the negotiations
c. negotiations often lead to different pricing strategies from division to division
d. opportunity cost is sometimes not determinable
Negotiated transfer pricing is not always used because of each of the following reasons except d. opportunity cost is sometimes not determinable.
Negotiated transfer pricing is a process by which divisions within the same company agree on the price at which goods or services are transferred between them. However, this method is not always used for several reasons. Firstly, market price information is sometimes not easily obtainable, which makes it difficult for divisions to agree on a fair price. Secondly, a lack of trust between the negotiating divisions may lead to a breakdown in the negotiations, making it difficult to agree on a transfer price.
Finally, opportunity cost is sometimes not determinable, which makes it hard to determine the value of goods or services being transferred. However, one reason why negotiated transfer pricing is not always used is that negotiations often lead to different pricing strategies from division to division, which can lead to confusion and inefficiencies. Overall, while negotiated transfer pricing can be a useful tool, it may not always be feasible or practical to use in certain situations. The correct option is d. opportunity cost is sometimes not determinable.
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Gus receives a paycheck at the end of every week. Which reinforcement schedule is this?.
Fixed-interval schedule, Gus gets paid every week at the end of the workweek.
What is reinforcement schedule?
A "reinforcement schedule" is essentially a guideline that specifies which behaviors will be rewarded. Fixed-Ratio, Fixed Interval, Variable-Ratio, and Variable-Interval schedules are among the four categories.
Reinforcement becomes accessible according to a fixed-interval schedule after a predetermined amount of time.
This schedule results in higher response levels at the end of the interval but lower response levels just after the reinforcer is given.
As a result, in this case reinforcement schedule is fixed interval schedule.
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What Came first, the color orange or the fruit?
The citrus definitely got named first. The earliest recorded use of orange the fruit in English is from the 1300s and came to us from the Old French orenge, adapted from the Arabic nāranj, from the Persian nārang, from the Sanskrit nāranga (“orange tree”)
Answer:
the fruit
Explanation:
The citrus definitely got named first. The earliest recorded use of orange the fruit in English is from the 1300s
Who seeks out information about products a seller has to offer
Answer:
the owner of the product or the boss
Did you realize before this unit that a speaker had an ethical obligation to their audience when creating and giving a presentation? What do you think is the most challenging aspect about being an ethical speaker?
Answer:
confidence and not moving out of point
Explanation:
a speaker must be confident and focus on the point while given out a speech so that the speech great and the massaged will be pass
This unit that a speaker had an ethical obligation to their audience's confidence and not move out of point. The challenges are there.
What are the challenges?The term challenges refer to the hurdle which has been faced by the person in it, there are life or career as well these can be the challenges as we see the famous personality has more challenges in their life as compared to the others in it as we see the challenges the early period was more than this period.
Speakers had an ethical obligation to their audience when creating and giving a demonstration, Challenges This unit that a speaker had ethical social control over their audience's self-assurance and did not move out of point. The challenges are there. Making and giving a presentation.
Therefore, a speaker had an ethical obligation to their audience's confidence, and not moving out of point challenges are being there.
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when there is a difference between the flex operating income and the actual operating income, the difference could be attributable to: group of answer choices selling a different number of units than planned differences in price of inputs only differences in quantity of inputs only differences in prices and/or quantities of inputs
When the anticipated operating income and the actual operating income diverge, the gap may be due to variations in input pricing and/or quantities.
Operating income is a company's adjusted revenue that has been adjusted for depreciation and all other operating expenses. Operating expenses are the costs incurred to sustain the operation of the business.
Actual Operating Income is defined as Operating Income (as further defined herein) as determined for any fiscal year by the Company's Board of Directors based on the fiscal year's audited consolidated financial statements of the Company and its subsidiaries, which financial statements shall be conclusive and binding upon the Company and you. A flexible budget, sometimes known as a "flex" budget, adapts to variations in the actual amount of income received. In its most basic form, the flex budget will use percentages of revenue rather than the customary fixed quantities for some expenses. Better comparability between budgeted and actual performance is the outcome of this strategy.
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after sally as the print preview in print command to the quick access toolbar which icon would she have added
Bakery has bought 250 pounds of muffin dough. They want to make waffles or muffins in half-dozen packs out of it. Half a dozen of muffins requires 1 lb of dough and a pack of waffles uses 3/4 lb of dough. It take bakers 6 minutes to make a half-dozen of waffles and 3 minutes to make a half-dozen of muffins. Their profit will be $1.50 on each pack of waffles and $2.00 on each pack of muffins. How many of each should they make to maximize profit, if they have just 20 hours to do everything?
Answer and Explanation:
The number of packets of waffles is W
and the number of muffins are M
The weight of dough is 250 pound and a pack of muffins requires 1 lb of dough whereas a pack of waffles uses 3/4 lb of dough.
3÷4W+M≤250
Multiplying both sides by 4
3W+4M≤1000
It takes bakers 6 minutes to make a packer of waffles and 3 minutes to make a pack of muffins, the total time available is 20 hours or 1200 minutes.
3M+6M≤1200
Minus the initial equation from the new equation:
(3M+6M≤1200)−(3W+4M≤1000)
2M≤200
Dividing equation by 2
M≤100
For M≤100
3W+4M≤1000
3W≤1000−4M
For the Maximum values of M
the least value of W is obtained
3W≥1000−4×100
3W≥600
Dividing the equation by 3
W≥300
For maximum profit, the number of waffles and muffins is taken as 300 and 100 respectively :
1.5∗300+2∗100
=650
The current sections of Ivanhoe Company's balance sheets for December 31, 2021, and 2022, are presented here. Ivanhoe Company's net income for 2022 was $165,100. Depreciation expense was $27,300.
20222021Current assets:Cash$40,300$57,850Accounts receivable55,25044,850Inventory50,70040,300Prepaid expenses11,05012,350Total current assets$157,300$155,350Current liabilities:Accrued expenses payable$3,900$10,400Accounts payable57,20046,800Total current liabilities$61,100$57,200
Prepare the net cash provided by the operating activities section of the company's statement of cash flows for the year ended December 31, 2022,
The net cash provided by the operating activities section of Ivanhoe Company's statement of cash flows for the year ended December 31, 2022, is $171,600.
To calculate the net cash provided by the operating activities section of Ivanhoe Company's statement of cash flows for the year ended December 31, 2022, we can use the indirect method and start with net income and adjust for non-cash items and changes in current assets and liabilities.
Net income for 2022 was $165,100, and depreciation expense was $27,300. Thus, the first step is to add back depreciation to net income:
Net income $165,100
Add: Depreciation expense $27,300
Net income plus depreciation $192,400
Next, we need to adjust for changes in current assets and liabilities.
The increase in accounts receivable from 2021 to 2022 was $55,250 - $44,850 = $10,400. This means that the company received $10,400 less in cash from customers in 2022 compared to 2021, so we subtract this amount:
Net income plus depreciation $192,400
Less: Increase in accounts receivable $(10,400)
Adjusted for changes in operating assets and liabilities $182,000
The increase in inventory from 2021 to 2022 was $50,700 - $40,300 = $10,400. This means that the company spent $10,400 more on inventory in 2022 compared to 2021, so we subtract this amount:
Adjusted for changes in operating assets and liabilities $182,000
Less: Increase in inventory $(10,400)
Net cash provided by operating activities $171,600
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How do objectives make it more likely that you will reach your goals?
.A.Objectives are based on others' experiences.
.B.Objectives provide a step-by-step path to success.
.C.Objectives are the best way to assess your interests.
.D.Objectives help guide your career choices.
Answer:B.Objectives provide a step-by-step path to success.
Explanation:
A normal cost system applies overhead to jobs ________.
A normal cost system applies overhead to jobs by multiplying a predetermined overhead rate by the actual amount of the allocation base incurred by the job. Thus, option (b) is correct.
This process of applying overhead manufacturing costs to jobs is called normal costing under the normal cost system, which applies overhead to costs by multiplying a predetermined overhead rate by the actual amount of the allocation base incurred by the jobs.
The overhead costs applied to jobs using a predetermined overhead rate are recorded as credits in the manufacturing overhead account. Actual overhead costs are not assigned to jobs in a normal cost system.
As a result, the significance of the normal cost system applies overhead to jobs are the aforementioned. Therefore, option (b) is correct.
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Your question is incomplete, but most probably the full question was.
A normal cost system applies overhead to jobs ________.
A. By multiplying a predetermined overhead rate by the estimated amount of the allocation base incurred by the job.
B. By multiplying a predetermined overhead rate by the actual amount of the allocation base incurred by the job.
C. Using the actual amount of overhead caused by each job.
D. Using the normal amount of overhead caused by each job.
Which of the following illustrates the most economically sound choice for brad? buying both a car and a home leasing both a car and home buying a car and leasing a home leasing a car and buying a home
Buying both a car and a home best illustrates economics sound choice of brad.
What is a brad?A brad is a device that have a slight projection that help to fasten paper or object. It is a thin, soft metal, such as shim brass, wihich has a round head and a flat, split shank, which spread wide on pages or as a cotter pin or a split rivet.
They are use to attach shoe moldings and fastened small ornamental parts on furnitures Brads are use to glue wooden parts together.
Therefore, Buying both a car and a home best illustrates economics sound choice of brad.
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Answer: Keep it simple: A
Explanation:
buying both a car and a home
I Will give brainliest!!!!!!!!!!!! Now I know this isn't a question for schools, but I figured I really need this answer. A friend and I have a really good idea for a device, but we don't know anything about making machines and coding. How would we get someone who would help us make this idea a reality. I don't mean investors, because then we would still need to make a prototype, I mean find someone with the capabilities of producing our product as well as code it, and so on
Answer:
post an ad online
Explanation:
or flyers in your city work well to, my friend and i did that and we got a lot of offers
Which of the following are steps that customer service representatives should take when resolving customer concerns? assess the situation, assert dominance, offer solutions, document the conversation, offer solutions, follow up later, share private information (select all that apply)
Answer:
assess the situation, offer solutions, document the conversation, offer solutions, follow up later.
asses the situation, assert dominance,offer solutions,follow up later.
Select all that apply.
Common skills assessments administered during the employment interview process include:
none of the above
science
keyboarding
math
Answer:
Keyboarding and Math :)
Explanation:
round 312,5 up to rand
Answer:
313 rand
Explanation:
To round up any number, ynetraing decimal. Value is accessed if the value is less than or equal 4 , we round the value to 0 ; however, if the value is greater Than or equal to 5 ; we round up to 1 and add to the preceeding digit or value.
In this case ; 312. 5 will be rounded to 313 ;
Since th trailing digit is 5 ; we round up to 1 and add to the preceeding value ; 2 + 1 = 3
Hence, 313 rand