Rogers Inc. has provided the following data for the month of June. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.
Work in process Finished goods Cost of goods sold Total
Direct materials $2,380 16790 43930 $63,100
Direct labor 1710 16060 42020 $59,790
Manufacturing overhead applied 1520 9880 26600 $38,000
Total $5,610 $42,730 $112,550 $160,890
Manufacturing overhead for the month was underapplied by $1,000. The company allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts. The work in process inventory at the end of June after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to:
a. $5,570
b. $5,575
c. $5,645
d.$5,650
Answers
Answer:
d.$5,650
Explanation:
Rogers Inc.
Work in process Finished goods Cost of goods sold Total
Direct materials $2,380 16790 43930 $63,100
Direct labor 1710 16060 42020 $59,790
Manufacturing overhead
Applied 1520 9880 26600 $38,000
% OF OH Applied 1520/38000 9880/38000 26600 /38000
4% 26% 70%
Total $5,610 $42,730 $112,550 $160,890
Under applied 4% of 1000 26% of 1000 70% of 1000
Under applied 40 260 700
Total $ 5650 42990 113250
We find the percentage of the manufacturing overhead applied and multiply it with the under applied amount. Then we add the underapplied amount to the total to get the actual amount.
Related Questions
HELP ASAP:
In the open market, oil shares are an example of:
A. finance.
B. accounting.
C. a commodity.
D. a security.
Answers
Answer:
C. A commodity
Explanation:
Pulmonary Company's perpetual inventory records indicate that $237,390 of merchandise should be on hand on June 30, 2016. The physical inventory indicates that $211,280 of merchandise is actually on hand. Journalize the adjusting entry for the inventory shrinkage for Pulmonary Company for the year ended June 30, 2016. Assume that the inventory shrinkage is a normal amount.
Answers
Answer:
Dr Cost of Merchandise Sold $26,110
Cr Merchandise Inventory $26,110
Explanation:
Preparation of the adjusting entry for the inventory shrinkage for Pulmonary Company for the year ended June 30, 2016.
June 30 2016
Dr Cost of Merchandise Sold $26,110
Cr Merchandise Inventory $26,110
($237,390 – $211,280=$26,110)
(Being to record inventory shrinkage)
1. Why are the concepts of own and cross-price elasticities of demand essential to competitor identification and market definition for companies in the food industry
Answers
Answer:
The correct answer is complex and it is simplify in the explanation below.
Explanation:
To begin with, in the microeconomics theory the terms of cross price elasticity of demand and the own price elasticity of demand are refered as indicators that can help the company's manager to have a major perspective according to the situation in where they're in and therefore those economic indicators turn out to be strategic tools to use. And that is because they can measure the sensibility of the demand according to the price of the product. In the case of the cross-price elasticity, the demand will change depending on a variation of the price of a good of the competition, so that will explain that if for example the competition lower their prices then the demand of our product will probably go down because of that. So once said that, its importance relies in the fact that in the food industry the companies need to understand who are they competing with and that could be possible having in mind these terms.
I
5. In a few sentences, explain the difference between a fixed exchange rate and a
flexible exchange rate. What are the basic advantages and disadvantages of each?
(4 points)
Answers
A fixed exchange rate is a type of exchange rate regime in which the government or central bank ties the official exchange rate to another country's currency or the price of gold.
The official exchange rate is fixed by the government or central bank, and it is kept constant. The government or central bank must be prepared to buy or sell its currency at the official exchange rate in order to keep it fixed. A flexible exchange rate, on the other hand, is a type of exchange rate regime in which the value of a currency is determined by supply and demand on the foreign exchange market.
Advantages of Fixed Exchange Rate:
Stable exchange rates are beneficial for businesses that require currency predictability. The central bank may employ monetary policy tools more effectively, resulting in lower inflation rates. It is less likely that a currency crisis would occur.
Disadvantages of Fixed Exchange Rate:
It limits a country's monetary policy independence because it must have sufficient foreign currency reserves to maintain the fixed rate. The country's economy may be hurt if the fixed exchange rate is too high.
Advantages of Flexible Exchange Rate:
A flexible exchange rate enables a country to adjust to changes in economic circumstances such as inflation, international competitiveness, and other economic conditions. It allows a nation to conduct an independent monetary policy.
Disadvantages of Flexible Exchange Rate:
Price stability may be difficult to achieve because the exchange rate is more volatile. Businesses may find it more challenging to plan for the future because of the unpredictability of exchange rates.
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Direct labor is ______.
Answers
Direct Labour is the sum of money given to employees who are directly involved in the manufacturing of items. It varies in direct proportion to production level.
What distinguishes direct from indirect labour?
Only labour engaged in the manual production of products and services is regarded as direct labour, which is how direct labour differs from indirect labour. Indirect labour is the default classification for all other work.Is the cost of direct material fixed?
A prime example of a variable cost is the price of direct materials. Remember that a fixed cost is one that keeps the same overall and reduces as a result per unit as the activity level rises.What is an example of indirect labour?
The production manager, the buying staff, the material handling staff, the material management staff, and the quality control staff are a few examples of indirect labour employment.To know more about labour, check out this link:
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When transporting food items off site the label should include?
Answers
Organizations working in the food business face a significant test: food transport. For this strategic move toward be done proficiently and without misfortunes, there are a progression of precautionary measures to be noticed.
On account of transport, it should be broke down whether the item is moved at the ideal temperature, whether the vehicle is perfect, without any vectors and vermin.
Hence, while shipping food off-site, the mark should incorporate the name of the food, termination date and time and guidelines for lead and conveyance.
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g A stock will issue a dividend of $20 one year from today. Dividends will shrink by 3% per year for the next two years after that, and then remain constant forever. Find the current price of one share of this stock, given an effective annual rate of 6%.
Answers
Answer:
Current price = $341.943
Explanation:
The Dividend Valuation Model is a technique used to value the worth of an asset. According to this model, the worth of an asset is the sum of the present values of its future cash flows discounted at the required rate of return.
PV dividend in year 1 = 20 × 1.03^(-1)= 19.41747573
PV of dividend in year 2 = 97%× 20 × 1,03^(-2)= 18.28636064
PV of dividend in year 3 = 97%× 97%× 20× 1.03^(-3) = 17.22113575
PV of dividend from year 4 and beyond
This will be done in two steps
PV (in year 3 terms
(97%× 97%× 20× 1.03^(-3))/0.06 =313.6333333
PV in year o terms
PV = A/r
A= 313.63, r = 6%
313.63× 1.03^(-3)= 287.0189291
Price of stock = 19.41 +18.28 + 17.221 + 17.221= 341.943
Current price = $341.943
Marsha and Michael have a combined monthly net income of $3,500. Their fixed monthly
expenses consist of $675 for rent. They also have an outstanding student loan balance of $6,000
and a balance of $1,000 for the stereo they bought last month.
How much more debt can they take on and still be within a safe debt load?
Answers
The debt-to-income ratio is calculated by dividing total personal debt by net income.So no
Goodies (Pty) Ltd is a retailer of children's toys. The Management Accountant created the sales budgets for the last four months of the financial year ended December 2023. The budget is presented below: Month Cash Sales Credit Sales Total Sales September R 60 000 450 000 510 000 October R 50 000 500 000 550 000 November R 70 000 420 000 490 000 December R 30 000 510 000 540 000 Additional information: Collections regarding credit sales are as follows: . 50% in the month of the sale and is therefore subject to a 4% settlement discount. 25% one month after the month of sale. 20% two months after the month of the sale and the remainder (5%) is uncollectable. Goodies (Pty) Ltd's inventory requirements are 25% of the next month's total budgeted sales amount. Inventory is purchased in the month preceding its expected sale. All inventory purchases are made on credit. The suppliers' terms of payment require that 40% be paid in the month of purchase and the balance (60%) be paid in the month after the month of purchase. Direct wages amount to R15 000 per month. Wages are all paid in cash as they occur. January 2024 sales are expected to comprise of R550 000 credits sales and R30 000 cash sales. The bank is expected to be in an overdraft of R42 000 on 31 October 2023. Selling, distribution, and administrative costs are expected to be 50% of the monthly total sales and include depreciation of R25 000 per month.
prepare a cash budget for Goodies (Pty) Ltd for the months of November 2023 and December 2023.
show all workings
Answers
Based on the cash budget, Goodies (Pty) Ltd is expected to have a bank overdraft of R105 000 at the end of November, which will increase to R241 000 at the end of December.
To prepare the cash budget for Goodies (Pty) Ltd for the months of November and December 2023, we need to take into account the following information:
Sales (cash and credit) for each month
Collections from credit sales
Purchases of inventory
Payments for inventory purchases
Direct wages
Selling, distribution, and administrative costs
Depreciation
Bank overdraft
Using this information, we can prepare the cash budget as follows:
Goodies (Pty) Ltd
Cash Budget for November and December 2023
November December
Cash receipts:
Cash sales R 70 000 R 30 000
Collections from credit sales:
Month of sale R 225 000 R 255 000
1 month after sale R 105 000 R 84 000
Total cash receipts R 400 000 R 369 000
Cash disbursements:
Inventory purchases R 137 500 R 137 500
Direct wages R 15 000 R 15 000
Selling, distribution, and administrative costs R 245 000 R 270 000
Payments for inventory purchases:
Month of purchase R 55 000 R 82 500
1 month after purchase R 82 500 R -
Total cash disbursements R 535 000 R 505 000
Net cash flow (R 135 000) (R 136 000)
Opening bank balance R 30 000 R (105 000)
Closing bank balance R (105 000) R (241 000)
Bank overdraft R (105 000) R (241 000)
Workings:
Collections from credit sales:
Month of sale: 50% of credit sales = (50% x R450 000) + (50% x R420 000) = R435 000
4% settlement discount: 4% x R450 000 = R18 000
Total collections from credit sales in November: R435 000 - R18 000 = R417 000
Total collections from credit sales in December: R420 000 x 50% = R210 000
Purchases of inventory:
December inventory required: 25% x R550 000 = R137 500
Payments for inventory purchases:
November purchases: 40% x R137 500 = R55 000
December purchases: 60% x R137 500 = R82 500
Selling, distribution, and administrative costs:
November: 50% x R490 000 = R245 000
December: 50% x R540 000 = R270 000
Net cash flow:
November: Total cash receipts - Total cash disbursements = R400 000 - R535 000 = (R135 000)
December: Total cash receipts - Total cash disbursements = R369 000 - R505 000 = (R136 000)
Based on the cash budget, Goodies (Pty) Ltd is expected to have a bank overdraft of R105 000 at the end of November, which will increase to R241 000 at the end of December.
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Both Bond Bill and Bond Ted have 6.2 percent coupons, make semiannual payments, and are priced at par value. Bond Bill has 5 years to maturity, whereas Bond Ted has 25 years to maturity. If interest rates suddenly rise by 2 percent, what is the percentage change in the price of Bond Bill? Of Bond Ted? Both bonds have a par value of $1000. If rates were to suddenly fall by 2 percent instead, what would the percentage change in the price of Bond Bill be then? Of Bond Ted? Illustrate your answers by graphing bond prices versus YTM. What does this problem tell you about the interest rate risk of longer-term bonds?
Answers
Answer:
a-1. Percentage change in the price of Bond Bill = -8.07%
a-2. Percentage change in the price of Bond Ted = -21.12%
b-1. Percentage change in the price of Bond Bill = 8.94%
b-1. Percentage change in the price of Bond Ted = 30.77%
c. See the attached excel file for the graph.
d. It tells us that the longer the term of a bond, the greater will be its interest rate risk.
Explanation:
The price of each bond can be calculated using the following excel function:
Bond price = -PV(YTM, NPER, PMT, FV) ........... (1)
Where;
a-1. If interest rates suddenly rise by 2 percent, what is the percentage change in the price of Bond Bill?
YTM = (6.2% + 2%) / Number of semiannuals in a year = 8.2% / 2 = 4.1%
NPER = Number of semiannuals to maturity = 5 * 2 = 10
PMT = Payment = Coupon rate * Face value = (6.2% / Number of semiannuals in a year) * 1000 = (6.2% / 2) * 1000 = $31
FV = Face value = Initial price of Bond Bill = $1,000
Substituting all the values into equation (1), we have:
New price of Bond Bill = -PV(4.1%, 10, 31, 1000)
Inputting =-PV(4.1%, 10, 31, 1000) in a cell in an excel file (Note: As done in the attached excel file), we have:
New price of Bond Bill = $919.29
Percentage change in the price of Bond Bill = ((New price of Bond Bill - Initial price of Bond Bill) / Initial price of Bond Bill) * 100 = (($919.29 - $1,000) / $1,000) * 100 = -8.07%
a-2. If interest rates suddenly rise by 2 percent, what is the percentage change in the price of Bond Ted?
YTM = (6.2% + 2%) / Number of semiannuals in a year = 8.2% / 2 = 4.1%
NPER = Number of semiannuals to maturity = 25 * 2 = 50
PMT = Payment = Coupon rate * Face value = (6.2% / Number of semiannuals in a year) * 1000 = (6.2% / 2) * 1000 = $31
FV = Face value = Initial price of Bond Ted = $1,000
Substituting all the values into equation (1), we have:
New price of Bond Ted = -PV(4.1%, 50, 31, 1000)
Inputting =-PV(4.1%, 50, 31, 1000) in a cell in an excel file (Note: As done in the attached excel file), we have:
New price of Bond Ted = $788.81
Percentage change in the price of Bond Ted = ((New price of Bond Ted - Initial price of Bond Bill Ted) / Initial price of Bond Ted) * 100 = (($788.81 - $1,000) / $1,000) * 100 = -21.12%
b-1. If rates were to suddenly fall by 2 percent instead, what would the percentage change in the price of Bond Bill be then?
YTM = (6.2% - 2%) / Number of semiannuals in a year = 4.2% / 2 = 2.1%
NPER = Number of semiannuals to maturity = 5 * 2 = 10
PMT = Payment = Coupon rate * Face value = (6.2% / Number of semiannuals in a year) * 1000 = (6.2% / 2) * 1000 = $31
FV = Face value = Initial price of Bond Bill = $1,000
Substituting all the values into equation (1), we have:
New price of Bond Bill = -PV(2.1%, 10, 31, 1000)
Inputting =-PV(2.1%, 10, 31, 1000) in a cell in an excel file (Note: As done in the attached excel file), we have:
New price of Bond Bill = $1,089.36
Percentage change in the price of Bond Bill = ((New price of Bond Bill - Initial price of Bond Bill) / Initial price of Bond Bill) * 100 = (($1,089.36 - $1,000) / $1,000) * 100 = 8.94%
b-2. If rates were to suddenly fall by 2 percent instead, what would the percentage change in the price of Bond Ted be then?
rate = new YTM = (6.2% - 2%) / Number of semiannuals in a year = 4.2% / 2 = 2.1%
NPER = Number of semiannuals to maturity = 25 * 2 = 50
PMT = Payment = Coupon rate * Face value = (6.2% / Number of semiannuals in a year) * 1000 = (6.2% / 2) * 1000 = $31
FV = Face value = Initial price of Bond Ted = $1,000
Substituting all the values into equation (1), we have:
New price of Bond Ted = -PV(2.1%, 50, 31, 1000)
Inputting =-PV(2.1%, 50, 31, 1000) in a cell in an excel file (Note: As done in the attached excel file), we have:
New price of Bond Ted = $1,307.73
Percentage change in the price of Bond Ted = ((New price of Bond Ted - Initial price of Bond Bill Ted) / Initial price of Bond Ted) * 100 = (($1,307.73 - $1,000) / $1,000) * 100 = 30.77%
c. Illustrate your answers by graphing bond prices versus YTM.
Note: See the attached excel file for the graph.
d. What does this problem tell you about the interest rate risk of longer-term bonds?
It tells us that the longer the term of a bond, the greater will be its interest rate risk.
Which feature is a point of differentiation between products and services
Answers
Answer:
Products are tangible, offered by the companies to the customers in exchange for money.
Services are the intangible economic product that is provided by a person on the other person’s demand. It is an activity carried out for someone else.
Explanation:
what is development
Answers
Answer:
when your slowly growing or developing a new tecnique of something
Explanation:
Although the Chen Company's milling machine is old, it is still in relatively good working order and would last for another 10 years. It is inefficient compared to modern standards, though, and so the company is considering replacing it. The new milling machine, at a cost of $120,000 delivered and installed, would also last for 10 years and would produce after-tax cash flows (labor savings and depreciation tax savings) of $18,900 per year. It would have zero salvage value at the end of its life. The Project cost of capital is 9%, and its marginal tax rate is 35%. Should Chen buy the new machine? Do not round intermediate calculations. Round your answer to the nearest cent. Negative value, if any, should be indicated by a minus sign.NPV: $ _________
Answers
Answer:
Chen should buy the new machine since it produces a positive NPV of $1,294
Explanation:
Summary of the Project Cash Flows is as follows :
Year 0 = ($120,000)
Year 1 to Year 10 = $18,900
The Project cost of capital = 9%
Calculation of the Project`s NPV :
NPV can be calculated from this summary using a financial calculator as :
CF0 = ($120,000)
CF1 = $18,900
Nj = 10
i = 9 %
NPV = ?
NPV = $1,293.73 or $1,294
The Project is accepted only if it has a Positive NPV
Conclusion,
Chen should buy the new machine since it produces a positive NPV of $1,294.
Which BCBS program allows members of independently owned and operated plans to have access to health care benefits throughout the United States and around the world?
a. BCBS Global™
b. Away From Home Care Program®
c. BlueCard® program
d. Health Care Anywhere
Answers
Answer:
b. Away From Home Care Program®
Explanation:
PLEASE MARK ME AS BRAINLIEST AND HAVE A NICE DAY :)
Answer:
Health care anywhere
Explanation:
BCBS stands for
blue cross blue shieldThe BCBS allows all the members to access health care benifits anywhere throughout out US and the world
Hence option D is correct
WHOEVER CAN GUESS MY PATRONUS IN HARRY POTTER AND WHAT HOUSE I AM IN FIRST WILL GET BRAINLIEST AND 30 POINTS
Answers
A source document should always do which of the following?
A. Be printed on paper
B. Record the date of the transaction
C. Bear an authorized
D. Include a number that can be used for recording
Answers
Answer:
Record the date of transaction
Explanation:
What is the relationship between price and demand for your product?
Answers
Answer:
the price is high when the demand is high and low when the demand is low
Step by step please :)
Answers
Answer: $40000 unfavorable
Explanation:
The sales volume variance for operating Income will be calculated as:
= Actual Unit Sold - Budgeted Unit Sales) × Standard Contribution Per Unit
= (72000 - 77000) × ($12 - $4)
= (72000 - 77000) × $8
= -5000 × $8
= $40000 Unfavourable
For my macroeconomics class, what’s the difference between CONSUMER SPENDING and CONSUMER BUYING?
Answers
Consumer spending refers to the total amount of money spent by households on goods and services during a specific period of time, usually a quarter or a year. This includes purchases of durable goods (such as cars and appliances), non-durable goods (such as food and clothing), and services (such as healthcare and education).
Consumer buying, on the other hand, refers specifically to the act of purchasing a good or service by a household. It is the point at which a consumer acquires ownership of a good or service in exchange for money or other valuable consideration.
In other words, consumer spending is a broader concept that encompasses all of the purchases made by households, while consumer buying is a more specific concept that refers only to the act of purchasing a good or service.
It is worth noting that consumer spending is a key component of gross domestic product (GDP), which is the total value of all goods and services produced in an economy. In fact, consumer spending is typically the largest component of GDP and is considered a major driver of economic growth.
If a tenant becomes 90 days late in rent payments, what can the landlord do?
(A) All of the choices are correct.
B Sue the tenant in civil court for rent and legal expenses, while starting the eviction process
C) Take possession of a renter's property as payment for unpaid rent.
D Lock a tenant out of their apartment.
Answers
The correct answer is (A) All of the choices are correct.
When a tenant becomes 90 days late in rent payments, the landlord typically has several options available to them.
These options may vary depending on local laws and regulations, but generally, the landlord can: A) All of the choices are correct:
Sue the tenant in civil court for unpaid rent and legal expenses, seeking a judgment for the outstanding amount.
Initiate the eviction process by serving the tenant with a notice to pay rent or vacate the premises. If the tenant fails to comply, the landlord can proceed with the eviction.
Take possession of the renter's property as payment for unpaid rent, typically through a process known as a "landlord's lien" or "distraint."
Locking a tenant out of their apartment without following the proper legal procedures is generally illegal and can result in legal consequences for the landlord.
It's important for landlords to understand and follow the specific laws and regulations governing landlord-tenant relationships in their jurisdiction to ensure they take appropriate and lawful actions.
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Sloan Inc. recently invested in a project with a 3-year life span. The net present value was $9,000 and annual cash inflows were $21,000 for year 1; $24,000 for year 2; and $27,000 for year 3.
The initial investment for the project, assuming a 15% required rate of return, was _____.
Net Present Value
Answers
Answer:
Explanation:
To calculate the initial investment, we can use the formula for net present value (NPV) as follows:
NPV = present value of cash inflows - present value of initial investment
Given that NPV = $9,000 and the annual cash inflows for each of the three years, we can calculate the present value of cash inflows as follows:
PV of year 1 cash inflow = $21,000 / (1 + 0.15)^1 = $18,260.87
PV of year 2 cash inflow = $24,000 / (1 + 0.15)^2 = $18,137.32
PV of year 3 cash inflow = $27,000 / (1 + 0.15)^3 = $18,008.69
Therefore, the total present value of cash inflows is:
PV of cash inflows = $18,260.87 + $18,137.32 + $18,008.69 = $54,406.88
Now, we can rearrange the NPV formula to solve for the initial investment:
NPV + PV of initial investment = PV of cash inflows
Substituting the given values, we get:
$9,000 + PV of initial investment = $54,406.88
PV of initial investment = $54,406.88 - $9,000
PV of initial investment = $45,406.88
Finally, we can calculate the initial investment by finding the present value of $45,406.88 for 3 years at a 15% required rate of return:
Initial investment = $45,406.88 / (1 + 0.15)^3
Initial investment ≈ $29,508.88
Therefore, the initial investment for the project was approximately $29,508.88.
The personal assets of the owner of a company will not appear on the company's balance sheet because of which principle/guideline? A. Cost principle B. Business Entity C. Monetary Unit 2. Which principle/guideline requires a company's balance sheet to report its land at the amount the company paid to acquire the land, even if the land could be sold today at a significantly higher amount? A. Cost principle B. Business Entity C. Monetary Unit 3. Which principle/guideline directs a company to show all the expenses related to its revenues of a specified period even if the expenses were not paid in that period? A. Cost principle B. Matching principle C. Monetary Unit
Answers
The personal assets of the owner of a company will not appear on the company's balance sheet because of which principle/guideline business Entity. Thus, option (b) is correct.
Cost principle, principle/guideline requires a company's balance sheet to report its land at the amount the company paid to acquire the land, even if the land could be sold today at a significantly higher amount. Thus, option (a) is correct.
Cost principle, principle/guideline directs a company to show all the expenses related to its revenues of a specified period even if the expenses were not paid in that period. Thus, option (a) is correct.
What is company?The term "company" refers to legal entities that are lawfully registered under the Company Act. The company's major goal is to increase profits while maintaining goodwill. With the assistance of management, the organization was flawlessly run. Employees are compensated by the company.
The personal assets of the owner of a company not appear in the balance sheet if the company is business.
A company was the acquire the land, even if the land could be sold is cost principle.
Directs a company to show all the expenses is called cost principle.
Therefore, option 1. (b), 2, (a), 3. (a) is correct.
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1. Which of the following is not classified as a current liability account?
a. Accounts payable
b. Note payable, due in 2 years
c. Salaries and wages payable
d. Income taxes payable
Answers
The following is not classified as a current liability account: Note payable, due in 2 years. Thus option (b) is correct.
What is a current liability account?A current liability account is a type of account in accounting that records the obligations of a business that are expected to be settled within a short period, typically within one year.
These liabilities are debts or financial obligations that a business owes to another party and are expected to be paid off in the near future. they represent a company's short-term obligations and can impact its liquidity and financial stability.
Some examples of current liabilities include accounts payable, salaries payable, taxes payable, short-term loans, and accrued expenses.
The Note payable, due in 2 years is not classified as a current liability account. Therefore, option (b) is correct.
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The law in your state allows an employer to create an
enforceable agreement that restricts an employee's
postemployment activities as long as the restriction is
reasonable in terms of purpose, geographic area, and
duration. Your employer is a dominant force in the
technology industry, an industry that is ever changing at
a rapid pace. As a result, top employees want the flex-
ibility to move from company to company. Of course,
having and keeping top employees is a competitive
advantage. Assume that you are an executive charged
with determining whether your firm will embrace a
postemployment restriction within its contracts of
employment. If you adopt a justice theory approach,
what result might you adopt, and why? If you adopt a
utilitarianism approach, what result might you adopt,
and why?
Answers
Utilitarian theory respects all persons equally without particular regard and assists people in making moral decisions. The utilitarian theory provides a basic technique. According to utilitarian philosophy, humans value all moral terms such as self-sacrifice, justice, and honesty.
There are various philosophies of justice, including utilitarianism, justice as fairness, and libertarianism. Utilitarians were those who supported utilitarian doctrine. With utilitarian theory being one of the theories of justice, the researcher was compelled to investigate how the theory provides justice to people, how it impacts human behaviour, and the issues the theory faces in the present world. Act utilitarians argue that their theory gives compelling grounds to reject many conventional moral statements and substitute them with moral perspectives based on the consequences of actions. People who are persuaded by act utilitarianism's critics may decide to abandon utilitarianism outright and adopt another form of moral theory.
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describe the buffalo wild wings market offering based on the concepts of needs, wants, and demands, differentiating the three.
Answers
Answer:
Buffalo Wild Wings is a popular sports bar and restaurant chain that offers a variety of food and beverages to its customers. The company's market offering is based on the concepts of needs, wants, and demands.
Needs refer to the basic requirements for survival, such as food, water, and shelter. In the case of Buffalo Wild Wings, the need is for food and drinks, which customers require to satisfy their hunger and thirst.
Wants refer to the desires or preferences of an individual. In the case of Buffalo Wild Wings, customers may want a specific type of food or beverage, such as a certain flavor of chicken wings or a specific brand of beer.
Demands refer to the willingness and ability of an individual to pay for a product or service. In the case of Buffalo Wild Wings, customers who are willing and able to pay for the food and drinks they want and need become the company's demand.
Buffalo Wild Wings' market offering is a combination of its food and beverage menu, the atmosphere of the restaurant, and the entertainment provided by the sports games shown on TV. The company caters to the needs of its customers by providing them with a range of food and drink options to satisfy their hunger and thirst. The company also caters to the wants of its customers by offering a variety of flavors and beverage options to choose from. The demand for Buffalo Wild Wings is created by customers who are willing to pay for the food and drinks they want and need, as well as the experience of dining and watching sports in the restaurant's atmosphere.
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Which of the following statements is true about secondary markets?
A. A buyer may incur search costs and find a seller on their own through a direct search.
B. A broker may bring buyers and sellers together, charging a commission.
C. A dealer may sell and buy securities using his inventory, therefore reducing search costs. The dealer's return is the bid-ask spread.
D. An auction market allocates the selling shares to the highest bidder.
Answers
Answer:
True statement about secondary markets is:
B. A broker may bring buyers and sellers together, charging a commission.
Explanation:
In a typical secondary market, investors buy and sell outstanding shares among themselves. Acting as an intermediary between the stock exchange and the investor, a broker arranges the buying and selling of shares among investors, charging a commission for their work. They facilitate the sale and purchase of shares in the secondary market.
Samantha is interested in setting up her own accounting firm and wants to speciallze in the area ofaccounting that has experlenced the most
significant growth in recent years. Which area of accounting should she choose as her specialty?
Samantha should choose_______as her specialty.
Fill in the blank
Answers
Answer:
Samantha should choose Financial Accounting
Explanation:
Financial Accounting is the area of accounting that has experienced the most growth in recent years. This is because of the large size and complexity of financial markets, and the increasing importance that they have in the overall economy.
Financial Accounting specializes in the recording and analysis of financial transactions. Financial transactions are those that a firm uses to obtain funds in order to invest in new projects, pay off other obligations, or simply capitalize the firm.
How can you deliver physical copies of newsletters?
You can deliver physical copies of a newsletter through _____
Answers
Answer:
I believe the answer is "email".
Explanation:
I remember seeing this question somewhere, and this was the highest rated answer at the time. Regardless of the fact it is technological, you can still send something physical through email. Emails are also one of the most common ways to communicate.
Metzler Communications designs and programs a website for a local business. Metzler charges $33,000 for the project, and the local business signs an 4% note January 1, 2019. Required: 1. Prepare the journal entry to record the sale on January 1, 2019. Record sale 2. Determine how much interest Metzler will receive if the note is repaid on July 1, 2019. $ 3. Prepare Metzler's journal entry to record the cash received to pay off the note and interest on July 1, 2019. If an amount box does not require an entry, leave it blank. Record collection of note receivable
Answers
Answer and Explanation:
1. The Journal entry is shown below:-
Notes receivable Dr, $33,000
To Sales revenue $33,000
(Being sales is recorded)
2. The computation of interest is shown below:-
Interest = $33,000 × 4% × 6 ÷ 12
= $660
3. The Journal entry is shown below:-
Cash Dr, $33,660
To Interest income $660
To Notes receivable $33,000
(Being collection of notes receivable is recorded)
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.For more questions on cost of goods sold (COGS)
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