What process was used to make the shang dynasty ritual wine vessel (3.3?
zecola is a beverage manufacturer. it presents wyb, a zero-calorie drink to compete with we fresh's shire, a low-calorie drink. when wyb is released in the market, we fresh cuts down the price on shire to match wyb's price. this scenario is an example of a(n) _____.
Mario sees popcorn and pretzels as perfect substitutes. he is always willing to substitute 3 cups of popcorn for 1 cup of pretzels. if the price of a cup of popcorn equals the price of a cup of pretzels, mario will eat:
If the price of a cup of popcorn is equals with prize of cup of pretzels, Mario will likely buy and eat only the pretzels as the popcorn is already in equal with the pretzels in which he can now buy the pretzels without having to substitute it with the popcorn, making him eat and brought the pretzels.
Inventory costing methods—perpetual method chen sales corporation uses the perpetual inventory system. on january 1, 2015, chen had 1,000 units of product a with a unit cost of $20 per unit. a summary of purchases and sales during 2015 follows:
a) FIFO Method: COGS = $43,200, Ending Inventory = $59,200
b) LIFO Method: COGS = $60,600, Ending Inventory = $34,000
c) Weighted-Average Method: COGS = $100,968, Ending Inventory = $19,232
How did we get the values?
Compute the cost of goods sold (COGS) and ending inventory balance for each inventory costing method:
a) First-In, First-Out (FIFO) Method:
1. Calculate the cost of goods sold (COGS):
- 400 units sold at $20/unit (from beginning inventory): 400 * $20 = $8,000
- 1,600 units sold at $22/unit (from April 6 purchase): 1,600 * $22 = $35,200
Total COGS = $8,000 + $35,200 = $43,200
2. Calculate ending inventory:
- 400 units at $20/unit (remaining from Feb. 2 purchase)
- 800 units at $25/unit (from Aug. 9 purchase)
- 800 units at $29/unit (from Dec. 30 purchase)
Total ending inventory = (400 * $20) + (800 * $25) + (800 * $29) = $16,000 + $20,000 + $23,200 = $59,200
b) Last-In, First-Out (LIFO) Method:
1. Calculate the COGS:
- 1,400 units sold at $29/unit (from Dec. 30 purchase): 1,400 * $29 = $40,600
- 800 units sold at $25/unit (from Aug. 9 purchase): 800 * $25 = $20,000
Total COGS = $40,600 + $20,000 = $60,600
2. Calculate ending inventory:
- 600 units at $20/unit (remaining from Feb. 2 purchase)
- 1,000 units at $22/unit (from April 6 purchase)
Total ending inventory = (600 * $20) + (1,000 * $22) = $12,000 + $22,000 = $34,000
c) Weighted-Average Cost Method:
1. Calculate the weighted-average unit cost:
Total units available = beginning inventory + units purchased = 1,000 + 1,800 + 800 + 1,400 = 5,000 units
Total cost of units available = (1,000 * $20) + (1,800 * $22) + (800 * $25) + (1,400 * $29) = $20,000 + $39,600 + $20,000 + $40,600 = $120,200
Weighted-average unit cost = Total cost of units available / Total units available = $120,200 / 5,000 = $24.04 (rounded to two decimal places)
2. Calculate COGS:
- 4,200 units sold
COGS = 4,200 units * $24.04/unit = $100,968
3. Calculate ending inventory:
Total units in ending inventory = Total units available - Units sold = 5,000 - 4,200 = 800 units
Ending inventory value = 800 units * $24.04/unit = $19,232
So, the results are:
a) FIFO Method: COGS = $43,200, Ending Inventory = $59,200
b) LIFO Method: COGS = $60,600, Ending Inventory = $34,000
c) Weighted-Average Method: COGS = $100,968, Ending Inventory = $19,232
Complete question:
Inventory Costing Methods-Perpetual Method Chen Sales Corporation uses the perpetual inventory system. On January 1, 2015, Chen had 1,000 units of product A with a unit cost of $20 per unit. A summary of purchases and sales during 2015 follows:
Date | Unit cost | Units purchased | unit sold
Feb.2 | | | 400
Apr.6 | $22 | 1,800 |
july.10 | | | 1,600
Aug.9 | 25 | 800 |
Oct.23 | | | 800
Dec.30 | 29 |1,400 |
Required
a)Assume that Chen uses the first-in, first out method. Compute the cost of goods sold for 2015 and the ending inventory balance at December 31, 2015, for product A.
b) Assume that Chen uses the last-in, first-out method. Compute the cost of goods sold for 2015 and the ending inventory balance at December 31, 2015, for product A.
c)Assume that Chen uses the weighted-average cost method. Compute the cost of goods sold for 2015 and the ending inventory balance at December 31, 2015, for product A.
Do not round until your final answers. Round to the nearest dollar.
Which of the following statements about the Federal Application for Student Aid (FAFSA) is TRUE?
You can only apply online.BThe earliest you can submit your FAFSA application is December 1st.CThe IRS Data Retrieval Tool allows you to view and transfer your tax information directly into your FAFSA form.DBoth A & B are true.
C is the correct option.
The IRS Data Retrieval Tool allows you to view and transfer your tax information directly into your FAFSA form is the correct statement about the federal application for student aid.
Further explanation:
FAFSA:
FAFSA is a Free Application for Federal Student Aid (FAFSA) provided by the United States for federal students in order to get financial help or financial aid for the students of the college.
Justification for the correct and incorrect answer:
A. You can only apply online: This option is incorrect.
FAFSA can also be applied offline, for those students who prefer to fill the paper form.
B. The earliest you can submit your FAFSA application is December 1st: This option is incorrect.
The earliest submission of the FAFSA application is from October 1 and the deadline would be till June 30.
C. TheIRS Data Retrieval Tool allows you to view and transfer your tax information directly into your FAFSA form: This option is correct.
The internal revenue service data retrieval tool (IRS DRT) allows to view and transfer the tax information directly into the FAFSA form, as it allows the parents and the students who have filed US tax return to fill their FAFSA form easily by accessing the data to complete the FAFSA application.
D. Both A& B are true: This option is incorrect.
Since the option A and option B are incorrect, so this option will also be incorrect.
Thus, the federal application for student aid provides the IRS data retrieval tool allows to view and transfer the tax information directly into the FAFSA form easily.
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Answer details:
Grade: High School
Subject: Business
Chapter: FAFSA
Keywords: Which of the following, statements about, the Federal Application for Student Aid,fafsa is true, you can only apply online, the earliest you can submit your fafsa application is december1, the irs data retrieval tool allows you to view and transfer your tax information directly into your fafsa form, both a & b are true, internal revenue service.
With regard to cleaning house, which is an example of extrinsic motivation?
Floramaria is an elderly woman who lives with her niece galaxy. floramaria is dependent on galaxy for support. galaxy advises floramaria to "invest" in galaxy's "professional gambling" venture, or galaxy will no longer support her. floramaria liquidates her other investments and signs a contract with galaxy, to whom floramaria gives the funds. can floramaria set aside this contract?
Floramaria may be able to set aside the contract with Galaxy based on the legal principles of undue influence or duress, which apply when one party exploits a position of power over another or issues a threat to compel action.
Explanation:In the field of contract law, Floramaria may indeed set aside this contract under principles of undue influence or duress. Undue influence occurs when one party unfairly exploits a position of power over another party. In this case, Galaxy had power over Floramaria because she was dependent on her.
Duress, on the other hand, is a threat of harm made to compel someone to do something against their will or judgment. Galaxy's threat to stop supporting Floramaria if she didn't invest constitutes duress. Therefore, if Floramaria can prove either undue influence or duress in court, she can have the contract set aside.
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Which of the following is NOT one of the responsibilities of the Federal Reserve?
Maintaining a stable banking system is not one of the responsibilities of the Federal Reserve. The Federal Reserve controls the U.S. budget, starting with the U.S. Central Bank. They have three key entities: the Federal Reserve Board of Governors, the 12 Federal Reserve Banks and Federal open market committee. The last, is they are incharge of maintaining 5 key functions within the Federal Reserve.
Shawn has $3 more than twice as much money as peter. if shawn has $10, how much money does peter have?
Suppose you are in charge of sales at a pharmaceutical company, and your firm has a new drug that causes bald men to grow hair. assume that the company wants to earn as much revenue as possible from this drug. if the elasticity of demand for your company's product at the current price is 1.4, what would you advise the company to do?
Suppose touchtech, a hand-held computing firm, is selling bonds to raise money for a new lab—a practice known as finance. buying a bond issued by touchtech would give sean the firm. in the event that touchtech runs into financial difficulty, will be paid first.
Why do you think people steal from their employers? do you think that taking home small, inexpensive items from an employer is acceptable? why or why not?
Answer:
I think that people steal from their employers because they could get mad at them and lash out against them
Explanation:
information systems transform raw data into information that can be used to make decisions. What is another important factor to note?
The relationship between information systems and organizations is among the fastest-changing aspect of business today.
What is Information System?Information systems are groups of various information resources that are used to collect, process, store, and distribute information. These resources include software, hardware, connections between computers, the system housing, system users, and computer system information.
Over the years, information systems have become incredibly popular in business operations. Automation and the use of AI technology will determine the importance of information systems in the future.
Information technology can be applied both specifically and broadly. A generalized information system offers a generic service, similar to a database management system, where software aids in the organization of data in its most basic form.
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Based on the problems you have seen so far at gearon, what type of crm applications will be most helpful to the company?
The type of CRM applications that will be most helpful to the company is the analytical CRM.
Further ExplanationCRM stands for Customer Relationship Management. It is a discipline in business and technology that manages the ways a company handles its customer for the purpose of increasing revenue, profitability, customer satisfaction and retention. Another goal of CRM is to improve the company’s customer focus by analyzing different aspects of customer relationships which includes customer service, sales, and marketing.
CRM Applications is a form of information technology that automates and integrates departments in an organization that is customer-related such as sales, marketing and customer service so that they can provide quick and consistent service to their customers.
Types of Customer Relationship Management (CRM) applications
Operational CRM provides support to sales automation, marketing automation and service automation. It streamlines these business process in order to generate leads, convert leads into contacts, acquire all relevant details and to provide service for the whole lifecycle of the customer.
Analytical CRM provides support to top management, sales, marketing and customer support in analyzing the better way to serve customers by using the data generated by operational CRM. Through this data analysis, top management can take better decision, marketing team can determine effective campaign, sales can boost sales and customer support team can improve the quality of their support thus building strong customer relationship.
Collaborative CRM also called Strategic CRM. It enables an organization to work with different business units by sharing customer information. For example, inquiry from a customer service team could be useful for sales team to generate lead.
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When searching for a romantic partner on-line, jillian will only review profiles of men from a specific country. in this example, _______________ is the master status?
The 'master status' in Jillian's online search for a romantic partner is the men's geographic location or their country of origin.
Explanation:In sociology, a master status is the social position that is the primary identifying characteristic of an individual. In the scenario you've stated, Jillian's preference to only view profiles of men from a specific country could be interpreted as her giving precedence to the geographic location of a person as her master status in her search for a romantic partner. This geographic preference is essentially becoming the most important, overriding feature that Jillian considers, hence it is her 'master status'.
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When searching for a romantic partner online, Jillian will only review profiles of men from a specific country. In this example, the master status is the specific country she is targeting.
Master status is a sociological term that denotes a particular characteristic that dominates how others perceive an individual. In Jillian's case, the country of origin for her potential partners is the characteristic that she significantly prioritizes.
This focus on nationality aligns with the concept of master status by indicating a salient feature that Jillian considers most important in her partner search, perhaps reflecting underlying cultural or social preferences.
_____ is an example of a benefit that is legally required and hence not optional.
The answer is unemployment insurance. The unemployment insurance is a type of insurance in which are deemed to be legal and a way of serving as a benefit for unemployed people who has lost the jobs that they used to have.
Which is the best option for someone who wants to improve his or her credit and pay less interest on the debt? $15 a month because it will let the person keep more spending money $100 a month because it will free up credit to buy other things $15 a month because it will save money in the long run $100 a month because it will reduce the amount of debt owed
$100 a month because it will reduce the amount of debt owed
A company found that new employees prefer training sessions of moderate length; shorter training sessions provided too little instruction to complete a task, while longer training sessions contain too much instruction to remember. for a training session on a particular task, the company determined that the ratings new employees gave for the training session
The ideal training length for new employees strikes a balance between providing adequate information and not overwhelming the employee. Optimal training length relies on various factors, from the task complexity to the employee's cognitive capacities. The effectiveness of such training can be quantified by immediate employee responses, learning outcomes, behavioral measurements, and final results.
Explanation:The question is about the preferred length of training sessions for newly hired employees. In professional settings, optimal training length is important for effective learning and retention. Both overly short and overly long training sessions are viewed less favorably by new employees. Short trainings may not offer sufficient instruction to complete a task, while long ones might inundate employees with too much information to remember.
Studies, such as the 2003 research by Arthur, Bennett, Edens, and Bell, indicate that effective training can be measured in several ways. These include immediate employee responses, learning outcomes met at the end of the training, behavioral measurements of job activities by supervisors, and results such as productivity and profits. The best-rated training programs address the needs of the employee, offering valuable instruction without overwhelming them with information.
To find the optimal length for a training session, factors such as the complexity of the task, employee's cognitive load capacity, and interference effect on short-term memory (as noted by Peterson and Peterson, 1959) could be considered. Furthermore, employers should be aware of the Hawthorne effect, where employees might perform differently when they know they are being observed.
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Under normal conditions (75% probability), financing plan a will produce $25,000 higher return than plan
b. under tight money conditions (25% probability), plan a will produce $32,000 less than plan
b. what is the expected value of returns?
The expected value of the returns for financing plan A relative to plan B, considering both the normal and tight money conditions, is $10,750.
To calculate the expected value of the returns for financing plans A and B under different conditions with their associated probabilities, you can apply the formula for expected value:
Expected Value = (Probability of Outcome 1 times Value of Outcome 1) + (Probability of Outcome 2 times Value of Outcome 2)
For plan A:
Under normal conditions (75% probability), the return is $25,000 higher than plan B.
Under tight money conditions (25% probability), the return is $32,000 less than plan B.
The expected value for plan A's returns relative to plan B is:
(0.75 times $25,000) + (0.25 times -$32,000) = $18,750 - $8,000 = $10,750
Thus, the expected value of financing plan A relative to plan B is $10,750.
If you write a check for $4,000 to buy a car when you have only $57.18 in your checking account (and no overdraft protection), what is likely to happen
Answer:
The correct answer is: the check will not clear.
Explanation:
Overdraft protection is a credit given to customers to be able to process transactions even if their account balance is zero or falls behind zero. Every time the account holder has a negative balance and processes a payment the bank will charge an overdraft fee to the account. Overdraft protection could lead to potential debts for customers.
In that case, if someone writes a check for $4,000 while having only $57.18 in a checking account with no overdraft protection, the check will not clear.
True or false: if the extra output produced from an additional unit of capital falls as the stock of capital rises, the country is possibly overinvesting in capital.
Keeping $20 in currency to be able to buy gasoline, money is performing which function? unit of account symbol of fiat medium of exchange barter mechanism store of value
If you invest $2,000 today for three years at 5% interest paid annually, you will earn a total of $_____ in interest. assume you re-invest all interest.
By investing $2,000 at a 5% annual interest rate compounded annually for 3 years, the total interest earned would be $315.25, assuming all interest is reinvested.
If you invest $2,000 today for three years at 5% interest paid annually and re-invest all interest, we can use the formula for compound interest to calculate the total interest earned over the investment period. The compound interest formula is A = P(1 + r/n)(nt), where A is the amount of money accumulated after n years, including interest, P is the principal amount (initial investment), r is the annual interest rate (decimal), n is the number of times that interest is compounded per year, and t is the number of years the money is invested for.
Let's calculate the total amount first:
P = $2,000r = 0.05 (5% annual interest rate)n = 1 (interest is compounded annually)t = 3 yearsA = $2,000(1 + 0.05/1)(1×3)
A = $2,000(1 + 0.05)3
A = $2,000(1.05)3
A = $2,000(1.157625)
A = $2,315.25
The total amount after 3 years is $2,315.25. The total interest earned is the difference between the final amount and the initial investment:
Total interest = A - P
Total interest = $2,315.25 - $2,000
Total interest = $315.25
So, if you invest $2,000 today for three years at 5% interest paid annually, you will earn a total of $315.25 in interest, assuming you re-invest all interest.
A make-to-order operation would be primarily concerned with:
PEMDAS
P- Parenthesis
E-Exponents
M-Multiply
D-Divide
A-Add
S-Subtracting
Hope it helped you.
-Charlie
Joe wants to buy a baseball bat for no more than $30; the sporting goods store in town sells bats for $50. what can we assume about joe's decision to buy a bat
We can assume that Joe did not purchase the bat. Joe values the price of a bat at $30 even though the sporting goods store in town sells it for $50. Due to Joe having a perceived value of the bat set at $30, he will likely wait to purchase a bat until he finds a bat that is priced at the price he is willing to pay.
The correct assumption about Joe's decision to buy a bat is that he will either look for a different store with a lower price, wait for a sale at the current store, or decide not to purchase the bat at all if he cannot find one within his budget of $30.
Joe could explore the following alternative strategies:
1. Look for sales or discounts at the sporting goods store.
2. Check other nearby sporting goods stores for lower-priced bats.
3. Consider buying a used bat from online marketplaces or local classifieds.
4. Explore borrowing or trading with friends or family who may have spare bats.
5. Wait for seasonal promotions or clearance sales to purchase the desired bat at a reduced price.
6. Explore purchasing a basic bat without additional features or brand name, which may be cheaper.
7. Consider online retailers or auction sites where bats may be available at lower prices.
8. Explore community sports programs or leagues where bats may be provided or available for loan.
Full question
What alternative strategies might Joe consider to obtain a baseball bat within his budget of $30 given the higher price of $50 at the local sporting goods store?
In august 2016, richard purchased and placed in service an office building costing $753,000, including $134,000 for the land. the amount of depreciation richard may claim in 2016 is __________.
Grocery stores use scanners not only for faster check-out times, but as a tool to obtain merchandise sales data and create short-term forecasts. this system is known as _______________ production.
Suppose that $4000 is deposited in an account that earns 5% interest. how much is in the account:
That part of the deficit that results from a downturn in economic activity is called the __________ deficit.
Every year, shutterstock hosts an annual hackathon in which employees are given the opportunity to imagine, design, and implement an idea they think can provide value to the company, and shutterstock awards prizes to the best ideas in different categories. this is an example of _______.