The unadjusted cost of goods sold is $395,000
What is cost of goods sold?Cost of Goods Sold (COGS) is what measure the direct cost incurred in the production of any goods or services.
The unadjusted cost of goods is computed as:
= Cost of goods manufactured - ( Ending finished goods -Beginning finished goods inventory )
= $410,000 - ( $125,000 - $110,000)
= $410,000 - $15,000
= $395,000
Hence, the unadjusted cost of goods sold is $395,000
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The modern enterprises reported all assets in the accounts at current market value. This action is a violation of:
This action is a violation of Cost Principle or Historical Cost Concept.
What is Historical Cost Concept?The historical cost principle states that a company or business must account for and record all assets at the original cost or purchase price on their balance sheet and not at its market price.
The historical cost principle forms the foundation for an ongoing trade-off between usefulness and reliability of an asset.
Thus, if the modern enterprises reported all assets in the accounts at current market value. This action is a violation of Cost Principle or Historical Cost Concept.
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Hanson Aquatics manufactures navigational equipment. As a new Hanson employee, Lyndon Kiely was told that even if he decides not to join the union that represents the company's employees, he must pay the dues. Hanson has a(n) _____ shop.
If he must pay the dues. Hanson has a(n) agency shop.
What is agency shop?An agency shop can be defined as a shop in which the employer may decide to recruit a person that is member of the union or a person that is not part of the union.
In this agency shop it is not mandatory for an employee which not member of the union to join the union but the employee must always pay the dues.
Therefore Hanson has a(n) agency shop.
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Suppose that the following group of values has been entered into the TVM
Solver of a graphing calculator: N=300; 1%-9.7; PV=125000; PMT=-
1109.5491; FV=0; P/Y=12; C/Y=12; PMT:END. Which of the following uses of
the "bal(" function will give the balance on the loan in question after 9 years?
A. bal(108)
B. bal(192)
C. bal(9)
D. bal(16)
The bal() function that is going to balance the loan after a period of 9 years would be A. bal(108)
How to solve for the bal() functionThe question tells us that the loan balance would be calculated after the period of 9 years.
We have 12 months yearly in all of these 9 years.
Hence the function would be bal(12*9)
= bal(108)
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To spur trade, four south african countries decide there will be no barriers to trade between the countries, agree on a common external trade policy, and allow factors of production to move freely between them. in short, the four countries formed a
Based on the fact that the four South African countries act in a way that allows for a common external trade policy, they established a b. Customs Union.
What is a Customs Union?This refers to an organization that comprises of various nations who decide to remove trade barriers with each other.
These nations will trade freely with each other, and will have a common trade policy with other nations outside the Customs Union.
Options for this question are:
a. Officient market.
b. common market.
c. command economy.
d. customs union.
e. free trade area.
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which situation ONLY describes a purchase with a credit card?
A situation that will happen only with a credit card purchase is D) Mike took his mother out to eat. He handed the waitress a card to purchase the meal. This charge appeared on a bill he received two weeks later.
Which situation happens with a credit card purchase?When we purchase with a credit card, it means that we do not use cash and instead the money is deducted electronically from our card.
We will then see this purchase amount on a credit card bill that is sent after some time like Mike was.
Options for this question include:
A) Ally loves her card because it is convenient to use, and she doesn't have to carry cash.
B) Don pays for lunch with his card. Each time he uses this card his checking account decreases.
C) Nancy purchased a movie ticket with her card. The money came straight out of her checking account.
D) Mike took his mother out to eat. He handed the waitress a card to purchase the meal. This charge appeared on a bill he received two weeks later.
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Which private equity firm has acquired a 60 % stake in Ramky Enviro Engineers for $ 530 million?
you told me to comment here right??
When the owner of a small business started the company, she spent time identifying goals, managing resources, and determining the actions leading to the achievement of the goals. This describes making decisions about
Based on the actions of the small business owner to identify goals amongst others, the decisions were about strategy.
What are strategic decisions about?The strategic decisions of a company are those that are meant to ensure the company meets its goals.
To do this, the goals would need to be determined and then a plan needs to be made to show how company resources can be used to achieve those goals.
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Unions negotiate to include a union security clause in contracts because: Multiple select question. it provides funds to support union activities such as negotiations and grievances it discourages management's support of union membership all workers represented by the union receive the same benefits as paying union members it encourages workers to join unions as members
Unions negotiate to include union security clause in contracts because it provides funds to support union activities such as negotiations and grievances.
What is a union?A union is referred to as an association developed to raise a voice for workers in the organization and helps them to understand their rights and protect them from exploitation.
Unions negotiate to include a security clause in contracts because they will receive financial helps to assist the activities of resolving negotiations and grievances with the company.
This union helps to safeguard the rights of workers and fight to provide equal pay for the work they have done. This also helps to provide medical if workers got injured at the factory place.
Therefore, option A is the most appropriate answer.
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Answer:
it encourages workers to join unions as members
it provides funds to support unions activities such as negotiations and grievances
all workers represented by the union receive the same benefits as paying union members
Explanation:
Often a commercial payer will implement changes to claims completion requirements throughout the year, and most providers discover these changes: a. on the accept assignment form b. from their explanation of benefits c. when claims are denied d. on the superbill
The correct statement is when claims are denied.
What is the commercial paper? What is the duration of the commercial paper?The commercial papers are the short term money market instruments, that are issued by the companies which holds a good credit rating.
Usually, the maturity date of the commercial paper lies between the fifteen days or up to one year.
The companies mostly issued the commercial papers to meet their short term liabilities.
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Scenario 3: Your first semester of college, you take out a small loan to help pay for books. Despite being busy, you get a part time job. Although you don't have to pay your loan back until you graduate, you've saved enough by the end of the semester and you will pay off the loan in full. Does your credit score go up or down? Why does it go up or down? If your score goes down, how can you fix it?
A credit score rating is based on a credit score report, statistics usually sourced from credit score bureaus.
What is a credit score?A credit score rating is a numerical expression primarily based totally on a degree evaluation of a person's credit score files, to symbolize the creditworthiness of an individual.
As per the information,
1. The loan taken here is an unsecured loan, therefore, the early payment of the loan will increase the credit card score.
2. In this case, the credit card score will go up as pre-payment of small and unsecured will have a positive impact on the credit card score. The score goes up and down based on your credit card purchase behavior.
3. If the credit card score goes down, it can be fixed by maintaining a healthy credit card utilization ratio.
hence, in this way, the credit card score issues can be resolved.
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Pine Creek Company completed 200,000 units during the year at a cost of $3,000,000. The beginning finished goods inventory was 25,000 units at $310,000. Determine the cost of goods sold for 210,000 units, assuming a FIFO cost flow. $fill in the blank 1
The cost of goods sold for 210,000 units using a FIFO cost flow for Pine Creek Company during the year is $3,085,000.
What is FIFO?FIFO means First-in, First-out.
The FIFO cost flow method is an accounting technique to determine the cost of goods sold and ending inventory based on the assumption that goods produced first are the first to be sold.
The FIFO method is the opposite of the Last-in, First-out (LIFO) method.
Data and Calculations:Number of units produced = 200,000 units
Cost of production = $3 million
Unit cost of production = $15 ($3,000,000/200,000)
Beginning finished goods inventory = 25,000 units
Cost of Beginning inventory = $310,000
Cost of goods sold = $3,085,000 ($310,000 + $15 x 185,000)
Thus, the cost of goods sold for 210,000 units using a FIFO cost flow for Pine Creek Company during the year is $3,085,000.
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Which of the following is a difference between flow shops and job shops? a. Unlike flow shops, job shops require little or no setup time. b. Unlike flow shops, job shops are organized around a fixed sequence of process steps. c. Unlike flow shops, job shops require frequent machine changeovers and delays. d. Unlike flow shops, job shops produce many large-volume goods and services.
The difference between flow shops and job shops is that unlike flow shops, job shops require frequent machine changeovers and delays.
What is a job shop?The shops, which specialize and are involved in the manufacturing and production processes, which are typically medium-sized enterprise, and conduct different types of job after the completion of one, are job shops.
Hence, option C holds true regarding a job shop.
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When Julio and Max to become the number one window-cleaning company in their city, they were engaging in the management function of
Julio and Max are engaging in the management function of leading because they will set as examples for the other cleaning company.
What is a management function?This function refers to the discipline that are important for carrying out a successful business practice
The five general functions includes planning, organizing, staffing, leading and controlling.
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conduct a research in your community on the negative impact of strikes as a socio-economic issue on businesses and present your findings
The negative impact does strikes have on the economy are:
Negative effect on employment rate. Reduction in business confidence.How does strike affect the community?Others are:
Increased risk of economic stagflation. Low investment opportunities, etc.Note that Demonstrations due to striking employees can result in the blockage of traffic routes and thus slow traffic movement.
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What type of segmentation categorizes consumers on the basis of the outcomes they hope to derive from a product or service
The benefit segmentation categorizes consumers based on the outcomes they hope to derive from a product or service.
What is market segmentation?Market Segmentation is the practice of dividing the target market into approachable groups.
The basic five forms of consumer market segmentation are demographic, geographic, psychographic, benefit and volume.
The type of segmentation that categorizes consumers based on the outcomes they hope to derive from a product or service is a benefit.
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Bill Nielsen works as a graphic designer. He arrives at work at 7 a.m. and goes home at 3 p.m. One of Nielsen's co-workers who performs the same job as he does arrives at work at 10 a.m. and goes home at 6 p.m. Yet another co-worker arrives at 9 a.m. and leaves work at 5 p.m. From this brief description, you should realize that Nielsen's employer uses: Group of answer choices
From this brief description, you should realize that Nielsen's employer uses a compressed work schedule.
What is a compressed work schedule?It should be noted that a compressed work schedule is when employees allow their workers to work four to ten hours per day rather than 8 hours daily.
In this case, from this brief description, you should realize that Nielsen's employer uses a compressed work schedule.
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While some 80 million americans have been called for jury service at some part of their lives, fewer than half ever sat on a jury. please select the best answer from the choices provided t f
Answer:
true
Explanation:
I got the answer wrong and I put false.
Answer:
True
Explanation:
A key difference between a mediator and an arbitrator is that Multiple Choice a mediator is appointed by labor and management, while an arbitrator is appointed by the federal government under terms set forth in the Taft-Hartley Act. a mediator is an unpaid volunteer, while an arbitrator is a paid professional. an arbitrator can settle a labor-management dispute by rendering a binding decision, while a mediator can only make suggestions and encourage the two sides in a dispute to continue negotiating. a mediator is a lawyer who represents either labor or management in a labor dispute, while an arbitrator is an impartial advisor who listens to both sides of the dispute and offers suggestions that help the two parties reach a mutually acceptable agreement.
A key difference between a mediator and an arbitrator is that an arbitrator can settle a labor-management dispute while a mediator helps in making suggestions in negotiation. Thus, the correct answer is C.
What is arbitration?Arbitration is a method in which a disagreement is referred to by one or more arbitrators who determine a binding resolution based on the parties' agreement. Instead of going to court, the parties choose arbitration as a private dispute settlement mechanism.
This arbitrator helps to settle a labor-management dispute by convincing both the parties to a decision formed whereas a mediator will help to make suggestions and tries to make both the parties agree to negotiate to end the dispute.
Therefore, option C arbitrator helps in managing the disputes by binding decision is the correct answer.
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When independent auditors are able to maintain their actual independence, it is referred to as independence in _____.
An independence in fact occurs when independent auditors are able to maintain their actual independence,
What is a Real independence?This refers to independence of the auditor also known as independence of mind.
Therefore, an independence in fact is when independent auditors are able to maintain their actual independence.
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The board of directors of a tile manufacturing company meet to discuss the installment of a new high-end machinery. They all agree that installing the machinery in the workplace could result in a lot of employees being laid off because of the reduced need for manual labor. At the same time, canceling the order placed for the machinery could cause legal issues as the company has already signed a contract with its suppliers. The board of directors thus weigh both the options to see which would cause them less inconvenience. In this scenario, the board of directors face a(n) _____.
When the board of directors thus weigh both the options to see which would cause them less inconvenience, the board of directors face ethical dilemma.
What is ethical dilemma?An ethical dilemma can be regarded as some kind of challenges that the management of an organization do face whenever they involves in decision-making process.
This usually happen when they are found themselves in between two possible options that requires logical thought to handle.
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By how many units does a $1 increase decrease demand?
...5 unit...?_-0.18..-
and ends at (12,5). Another downward sloping line starts at (6,30) and ends at (16,5)) Wallace is analyzing the American moped market for BMW. The main competition, Vespa, dropped their listing price by 20% recently. When creating a demand curve arrows are used to indicate the direction of the demand curve shift. Which is the correct direction the arrows should be drawn for the moped market and which line is the old demand and new demand curve
The arrows need to be drawn pointing rightwards. The curve on the right tells about the new demand and the curve on the left tells about the old demand. \\
What is demand?A demand curve is known to be a demand schedule that is said to be a table that depicts the quantity demanded of goods at each prices.
Note that a demand curve is said to be a graph that tells the quantity demanded at all price and as such, The arrows need to be drawn pointing rightwards. The curve on the right tells about the new demand and the curve on the left tells about the old demand. \\
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joseph is eligible for a non taxable life insurance benefit with an annual premium of $400 paid entirely by his employer. Assuming Joseph is in a 28% bracket, how much would he have to earn to pay for this benefit with after-tax dollars
Based on the fact that the non-taxable life insurance benefit is $400, the amount that Joseph would have to earn is $555.56.
How much should Joseph earn?This can be found as:
= Non-taxable benefit amount / (1 - tax bracket rate)
Solving gives:
= 400 / (1 - 28%)
= 400 / 0.72
= $555.56
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The product development team of north balance, a new workout routine, is brainstorming
ideas and searching for new routine ideas for their workout. what stage is the company in of
new product development?
Idea generation stage is the company in of new product development. The product development team of north balance, a new workout routine, is brainstorming ideas and searching for new routine ideas for their workout.
What is the idea generation in product development?Idea generation stage is the stage where one has the idea of doing something unique, at that time they just analyses the need of something. After generation of, the Person evaluates the circumstances and the starts taking action to the idea.
Thus, it is Idea generation stage
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Question 3 of 10
If you achieve excellence in music, film, dance, literature, or visual arts, you
might qualify for this type of scholarship.
A. Underrepresented student scholarship
OB. Athletic scholarship
OC. Academic scholarship
D. Creative scholarship
Answer: Creative scholarship
Explanation: Because
If you achieve excellence in music, film, dance, literature, or visual arts, you might qualify for Creative scholarship. The correct option is (D).
What do you mean by the Creative scholarship?When you reimagine an existing piece of art or construct a new one from scratch, you are engaging in creative scholarship.
For fine arts students with talents in the visual arts, there are numerous innovative scholarship opportunities. Photography and design-based disciplines like painting, graphic design, and animation are considered visual arts majors.
You can participate in your field as both a student and a scholar through research and creative scholarship. Development of new knowledge and its discovery with the intention of disseminating it through publications, performances, and presentations.
Therefore, if you achieve excellence in music, film, dance, literature, or visual arts, you might qualify for Creative scholarship.
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One of the most important advantages of the sole proprietor form of ownership is that a business owner: Multiple choice question. does not need an attorney finds it easier to start and end the business does not need a tax accountant has many financing options
The most important advantages of the sole proprietor form of ownership is that a business owner finds it easier to start and end the business.
What is sole proprietor form of business?The sole proprietor is the form of business organization which is owned by a single person, who is responsible for the entire business operations. The amount of capital, profit, loss are all responsibility of the owner.
The biggest advantage of having a sole proprietorship form of business is that the owner is free to start and end the business without any paperwork or other legal documents.
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A summary of the time tickets is as follows: Job No. Amount 100 $2,680 101 2,220 104 4,070 108 4,640 Indirect 14,280 111 2,830 115 1,860 117 12,570 Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank. blank - Select - - Select - - Select - - Select - - Select - - Select -
The journal entry to record the factory labor costs (as per the time tickets) is as follows:
Journal EntryDebit Work in Process:
Job 100 $2,680
Job 101 2,220
Job 104 4,070
Job 108 4,640
Job 111 2,830
Job 115 1,860
Job 117 12,570
Debit Factory overhead $14,280
Credit Factory Labor costs $45,150
Data Analysis:Job No. Amount
100 $2,680
101 2,220
104 4,070
108 4,640
111 2,830
115 1,860
117 12,570
Factory overhead (Indirect labor costs) $14,280
Thus, the factory labor costs are debited to the Work in Process for various jobs and the factory overhead (indirect costs), while the credit entry goes to the Factory Labor Costs account.
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3/10 net 45 EOM translates as (a) a 10 percent cash discount may be taken if paid in three days; if no cash discount is taken, the balance is due in 45 days. (b) a 3 percent cash discount may be taken if paid in 10 days; if no cash discount is taken, the balance is due 45 days after transaction is complete. (c) a 3 percent cash discount may be taken if paid in 10 days; if no cash discount is taken, the balance is due 45 days after the end of the month. (d) a 3 percent discount may be taken on 10 percent of the purchase if the account is paid within 45 days after the end of the month.
In accounting, 3/10 net 45 translates to (b) a 3 percent cash discount may be taken if paid in 10 days; if no cash discount is taken, the balance is due 45 days after transaction is complete.
What does the term, "3/10, net 45" mean?It means that a discount of 3% can be taken on the items purchased only if the person pays within 10 days.
If they don't pay within 10 days, they will have to pay the entire balance within 45 days of having made the transaction.
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Mieko wants to finance her first home, and she'd also like use the same bank for her personal checking and savings. she doesn't belong to any
groups and she's also self-employed. which is her best banking option?
oa retail bank
ob. commercial bank
oc. credit union
od online bank
Mieko's best option to finance her first home and open checking and savings accounts is a retail bank.
What bank should Mieko use?Retail banks offer services to individuals which make them more likely to care about the needs of a self-employed person like Meiko.
They also offer reasonable interest rates which will allow for Meiko to get funding to finance her first home.
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A firm can signal the high quality of its product by Group of answer choices spending nothing on advertising to convey that the product is so good that the firm does not even need to advertise. spending a large amount of money on advertising. getting a patent for the product. not worrying about getting a patent for the product.
Spending a large amount of money on advertising is the firm can signal the high quality of its product.
Why companies spend large amount on advertising?Companies spend sufficient amount of money on advertising because, promotions play an essential role, and it is direct related to the selling of the end products, and eventually it helps them to generate more revenue.
Thus, option A is correct.
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