data related to the inventories of alpine ski equipment and supplies is presented below: skis boots apparel supplies selling price $ 179,000 $ 151,000 $ 111,000 $ 80,000 cost 147,000 142,000 77,700 56,000 replacement cost 113,000 117,000 97,700 52,000 sales commission 10% 10% 10% 10% in applying the lower of cost or net realizable value rule, the inventory of supplies would be valued at:
Answers
The value of supplies inventory would be valued at $56,000.
The application of the lower of cost or net realizable value rule is to compare the cost of inventory with its market value. The market value is determined as the current replacement cost, reduced by any costs of disposal and selling expenses that would be incurred.
The replacement cost of the supplies inventory is $52,000. Selling commission is not included in the calculation of net realizable value. Thus, the cost of inventory, $56,000, is lower than the replacement cost of $52,000.
Therefore, according to the lower of cost or net realizable value rule, the inventory of supplies would be valued at $56,000.
Learn more about Inventory:
https://brainly.com/question/25947903
#SPJ11
Related Questions
Discuss how transportation managers could be involved with other operations of the firm. How has globalization impacted the transportation manager's job?
Answers
Transportation managers play a crucial role in managing the logistics and supply chain operations of a firm. They are responsible for ensuring that goods are transported from one location to another efficiently, safely, and cost-effectively. In addition to their primary responsibilities, transportation managers can be involved with other operations of the firm, such as:
Sales and marketing: Transportation managers can collaborate with the sales and marketing team to optimize the transportation network and identify new opportunities for growth.
Procurement: Transportation managers can work with procurement teams to identify cost savings opportunities by negotiating better rates with carriers, consolidating shipments, and optimizing transportation routes.
Finance: Transportation managers can collaborate with finance teams to develop transportation budgets, manage transportation costs, and identify cost-saving opportunities.
Operations: Transportation managers can work closely with operations teams to ensure that goods are transported on time, minimize transportation delays, and optimize transportation routes to reduce costs.
Globalization has impacted the transportation manager's job in several ways. With the growth of international trade and the increase in the volume of goods being transported across borders, transportation managers must have a global perspective and knowledge of international regulations and transportation infrastructure. They must also be proficient in managing complex supply chains that involve multiple stakeholders, including carriers, suppliers, and customers, across different time zones and cultures. In addition, transportation managers must be adept at using technology to track and manage shipments, ensure compliance with regulations, and optimize transportation routes. The globalization of trade has also led to increased competition, which has placed pressure on transportation managers to reduce costs and improve efficiency while maintaining high levels of service quality.
To know more about logistics click here:
brainly.com/question/25380728
#SPJ4
The audit Mr. Chu is working on for a technology company is regulated. What does this mean?
OA. The technology company will use the audit results to analyze risks.
OB. If Mr. Chu finds evidence of fraud, he is not allowed to report it.
OC. Nobody has access to the audit findings except for a few people who work for the company.
OD. An outside organization keeps track of the methods and results of the audit.
Answers
It means that the technology company will use the audit results to analyze risks. Thus option A is correct.
What is Audit ?Audit refers to the checking of financial records of the company in order to ensure that the records are systematic and accurate. It is very helpful for the outsiders such as creditors, shareholders, government agencies etc as it provides the accurate information about transactions.
Mr. Chu will analyse the financial statements of the technology company an conclude about the risk involved in the company. Thus it helps in analyzing the risk. Therefore, option A is correct.
Learn more about auditing here:
https://brainly.com/question/14652228
#SPJ1
3 Do you think the conflict of interests between these different stakeholder groups could ever be resolved? Explain your answer. [10]
Answers
Answer:
t is possible to resolve conflicts of interest between groups of stakeholders using some techniques and strategies that seek to integrate stakeholders and promote agreements that benefit everyone.
Explanation:
Managing conflicts is not a simple task, so it requires substantial efforts by the entire administration to develop the best strategies for resolving conflicts. It is essential that there is an understanding of the reasons that led to the conflicts and the search for solutions that benefit the greatest possible number of stakeholders.
In a conflict situation, communication is an essential tool in the resolution, it is necessary to know how to listen to all parties and be transparent about the search for an agreement that benefits everyone. It is necessary to integrate the teams and make each one feel heard and understood with regard to conflict and claims. The search for solutions must be the main objective when resolving a conflict, when managed effectively, it is possible to eliminate the reason for the conflicts and even make the teams more motivated at work.
Prompt What is advertising?
Answers
Answer:
An advertisement (often shortened to advert or ad) is the promotion of a product, brand or service to a viewership in order to attract interest, engagement and sales. Advertisements come in many forms, from copy to interactive video, and have evolved to become a crucial feature of the app marketplace.
Why is it important for top executives to value and support shared leadership? Do you think that shared leadership is essential for team and organizational effectiveness? Why or why not?
Answers
It is important for top executives to value and support shared leadership because it can lead to increased collaboration, better decision making, and higher levels of productivity within an organization. Shared leadership is essential for team and organizational effectiveness because it allows for a diversity of perspectives, promotes a sense of ownership and accountability, and creates a more inclusive and supportive work environment.
It is important for top executives to value and support shared leadership because it increases the collaboration between leaders and employees, fosters a more diverse range of ideas and perspectives, and encourages a team-based approach to decision making. Shared leadership also has the potential to increase organizational effectiveness and productivity by creating a more unified, productive, and engaged workforce.
By sharing leadership responsibilities, team members are able to contribute their unique perspectives and expertise, leading to more effective decision making. Additionally, shared leadership can foster a sense of accountability and commitment among team members, leading to higher levels of productivity and overall organizational effectiveness.
In my opinion, shared leadership is essential for team and organizational effectiveness. This is because shared leadership allows for a diversity of perspectives and ideas, leading to more creative and innovative solutions to problems.
Additionally, shared leadership promotes a sense of ownership and accountability among team members, leading to increased motivation and productivity. Lastly, shared leadership can help to create a more inclusive and supportive work environment, leading to increased job satisfaction and employee retention.
Learn more about Shared leadership:
https://brainly.com/question/29849004
#SPJ11
PLEASE HELP QUICK!!!
Which of the following is an advantage of buying your home over renting?
(1 point)
O You do not have to worry about the housing market in your area.
O The amount you pay each month is set by the terms of your mortgage.
O If something breaks, you have to fix it or pay to have it fixed.
O Your mortgage payments will far exceed the value of your home.
Answers
Answer:
The amount you pay each month is set by the terms of your mortgage.
Explanation:
connexus
How many years would it take for money to increase to 3 times the initial amount at an interest rate of 18% per year?
Answers
Answer:
7 years (to the nearest year)
Explanation:
Given that;
A = amount
P= principal
t = time
r = rate
A =3P(given in the question)
Formula for compound interest;
A = P(1 + r)^t
Substituting values;
3P = P(1 + 18/100)^t
3P/P= (1.18)^t
3 = (1.18)^t
log 3 = t log 1.18
t = log 3/log 1.18
t = 0.4771/0.0719
t = 6.6 years
t = 7 years (to the nearest year)
Which of the following statements is true of market-oriented firms? Question 25 options: They focus on their internal capabilities rather than on the desires and needs of the customers. They believe that people will buy more goods and services if aggressive sales techniques are used and that high sales result in high profits. They assume that the sale of goods or services does not depend on an aggressive sales force but rather on a customer’s decision to purchase that product. They claim that people must give up something in order to receive something else they would rather have.
Answers
Answer:
They assume that the sale of goods or services does not depend on an aggressive sales force but rather on a customer’s decision to purchase that product.
Explanation:
Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research.
The true statement about market-oriented firms is that they assume that the sale of goods or services does not depend on an aggressive sales force but rather on a customer’s decision to purchase that product.
This ultimately implies that, a market-oriented firm is more focused on identification and understanding the needs of the customers, opportunities that abound in the industry or market and thus putting the customers first.
Consider a family that has one working parent, a stay‐at‐home parent, and three children. Two of the children are in elementary school, and the youngest child is in Pre‐Kindergarten. They have a house, a car, and a minivan, and they carry some credit card debt.
The house is valued at $89,000 with a mortgage balance of $80,000.
The car is worth $15,000. The family owes $15,000 on this auto loan.
The minivan is worth $20,000. The family owes $16,000 on this auto loan.
They financed new household furnishings valued at $5,000. The family owes $4,500 on this loan.
They have $15,000 in their retirement account.
They have $1,500 in emergency savings, $1,000 in savings, $500 in checking, and $1,500 in a CD.
They have $200 in cash.
Balances on the credit cards total $15,000.
The family pays $500 per month for school loans; the current balance is $25,000.
The family pays $350 per month for Pre‐Kindergarten tuition.
All of the children are on soccer teams, which costs $100 per month.
For this assignment, use the information above to answer the following questions about the family's net worth:
Calculate the family's total assets.
Calculate the family's total liabilities.
Calculate the family's net worth, and identify whether the net worth is positive or negative.
List any expenses that would not fall on the balance sheet.
Answers
1. The family's total assets = $148,700.
2. The family's total liabilities = $155,500.
3. The family's net worth is ($6,800), which is $148,700 - $155,500.
What is the family's net worth?The family's net worth is the excess of its total assets minus its total liabilities.
The net worth can be positive or negative. It is negative when the total liabilities exceed the total assets.
Data and Calculations:Assets Liabilities
House on mortgage $89,000 $80,000
Car on auto loan 15,000 15,000
Minivan on auto loan 20,000 16,000
Furnishings 5,000 4,500
Retirement account 15,000
Emergency savings 1,500
Savings 1,000
Checking account 500
CD 1,500
Cash 200
Credit cards 15,000
School loan 25,000
Total $148,700 $155,500
4. Thus, the expenses that would not fall on the balance sheet are:
Payment for school loans of $500 per monthPre-Kindergarten tuition of $350 per monthPayment for soccer teams of $100 per month.Learn more about computing net worth at https://brainly.com/question/12371230
#SPJ1
What are the similarities and differences in the purchasing
functions at a for profit versus a not for profit organization?
Answers
Explanation:
I hope this answer is helpful ):
differentiate between primary and secondary wants
Answers
Answer:
Difference between primary needs and secondary needs: Primary needs: The primary needs are the basic requirements according to biological demands like oxygen for breathing, water for overcoming thirst, food for living and shelter. The secondary needs are the needs that remain even after the primary needs are satisfied
Landscapers must be
knowledgable of which of the
following?
A. Pesticides
B. Economics
C. Human Relations
D. Crop Rotation
Answers
Answer:
B
Explanation:
because they need to deal with all practices that are done by people on environment
Answer:
C
Explanation:
Landscapers need to know human relations because if they want to get something to do for their job, marketing and having an asset is important for the business, if you don't know anyone that needs help, it wouldn't be very good for your business.
Have an awesome day!! I hope this helped!! ^ ^
6. Ms. Tint of New York City recently sued Mr. Bloom, also of New York
City. She claimed that he had run into and injured her while he was
jogging. She asked for $50,000 in damages. When she filed her suit in
federal district court, Mr. Bloom's attorney immediately objected on two
grounds. What were they?
Answers
2. He also objected on going to federal district court because Mr. Bloom & Ms. Tant were both from the same state.
Before ordering used parts for a repair, a technician
should get
approval from the ____.
Answers
Is competition good for business?
Is it good for consumers?
Answers
Answer:
yes and yes
Explanation:
What is one big decision you have made in the last few months? How did you make that decision?
Answers
Answer:
Decided to setup my new pc. The urge of having something new is what made me do it.
Explanation:
100% :-)
Answer:decided to go into construction
Explanation:
⚠︎IF SOMEONE SHARES A LINK DO NOT GO TO IT! IT WILL DOWNLOAD A VIRUS!⚠︎
ok have a good day ❀
Answers
Answer:
tank us.
Explanation:
A small voip provider borrowed $2 million for new equipment and repaid the principal of the loan plus $275,000 interest after 1 year. what was the interest rate on the loan?
Answers
Based on the amount that the small volp provider borrowed and the amount that it repaid in interest, the interest rate of the loan can be found to be 13.75%.
What was the interest on the loan?The interest on the loan refers to the amount that was paid extra on top of the amount that the small volp provider borrowed.
This amount is the $275,000 that was paid back in addition to the principal of $2 million.
To find the interest rate, use the formula:
= Interest paid back / Loan principal x 100%
Solving gives:
= 275,000 / 2,000,000 x 100%
= 0.1375 x 100%
= 13.75%
Find out more on interest rates at https://brainly.com/question/25793394
#SPJ1
The correlation between SPY (1 time the Standard & Poor's
(S&P) 500 Index) and SSO (2 time the Standard & Poor's
(S&P) 500 Index) is closest to: 2 or 1 or -1 or -2 or
0?
Answers
The correlation between SPY (1 time the Standard & Poor's (S&P) 500 Index) and SSO (2 time the Standard & Poor's (S&P) 500 Index) is closest to
1.Correlation is a measure of the linear relationship between two variables, which can range from -1 to 1. If the correlation is close to 1, then there is a strong positive relationship between the two variables, which means that if one variable increases, the other variable will increase as well. If the correlation is close to -1, then there is a strong negative relationship between the two variables, which means that if one variable increases, the other variable will decrease. If the correlation is close to 0, then there is no linear relationship between the two variables.
Know more about variables here:
https://brainly.com/question/15078630
#SPJ11
what makes recession and recover different?
Answers
The thing that makes recession and recover different is that Economic recovery serves as the business cycle stage which do follow recession .
What is recession and recovery?Recession and recovery can be described as the economuic terms that is been used by the ecconomist whereby the recession can be seen as the period of economic meltdown where there is usually a high inflation of goods as well as services.
It should be noted that the recovery period do follow the reccession which can be described as the sustained period of improving business activity that can happen in a country.
Learn more about Recession at:
https://brainly.com/question/1417711
#SPJ1
Which of the following statements is correct?
Select one:
a.
Other things held constant, it is generally safer to invest money in a proprietorship than in corporation.
b.
There really is no difference between a general partnership and a corporation, because both have multiple owners and both offer limited liability to the owners.
c.
If you are planning to start a business, which you will run as the sole employee, and if you expect the business to earn $1,000,000 per year before taxes, you always can minimize the total taxes you pay by setting up the business as a corporation.
d.
According to the text, "agency problems" tend to increase when managers own larger relative amounts of the company's stock.
e.
Maximizing the income statement item "net income" might not be the best goal for a corporation if the managers are interested in maximizing the economic welfare of the firm's stockholders (that is, the firm's stock price).
Answers
The correct statement is e. Maximizing the income statement item "net income" might not be the best goal for a corporation if the managers are interested in maximizing the economic welfare of the firm's stockholders (that is, the firm's stock price).
This statement is correct because focusing solely on net income might not take into account other factors that can affect the overall economic welfare of the stockholders, such as risk, cash flow, and long-term growth.
The primary goal of a corporation should be to maximize shareholder value, which can be achieved through a combination of strategies, including optimizing cash flow, minimizing risk, and investing in growth opportunities.
Know more about income statement here:
https://brainly.com/question/15169974
#SPJ11
What are the types of partnership and examples of each?
Answers
Answer:
here you go
Explanation:
Types of partnerships
General partnership. A general partnership is the most basic form of partnership. ...Limited partnership. Limited partnerships (LPs) are formal business entities authorized by the state. ...Limited liability partnership. ...Limited liability limited partnership
one explanation for the fundamental attribution error involves observers' what?
Answers
One explanation for the fundamental attribution error involves observers' Focus on internal characteristics.
What do observers tend to emphasize when explaining behavior?One explanation for the fundamental attribution error involves observers' tendency to focus on internal characteristics when explaining the behavior of others. The fundamental attribution error refers to the tendency to attribute the behavior of others to dispositional factors, such as personality traits or inherent qualities, while overlooking situational factors that may have influenced their actions.
When observing someone's behavior, individuals often default to assuming that their actions are a reflection of their personal qualities rather than considering external factors that could have influenced their behavior. This bias can lead to misunderstandings and inaccurate judgments about others.
Learn more about fundamental attribution
brainly.com/question/30765913
#SPJ11
The demand side of economic policy, refers to the actions undertaken by a nation's central bank to control money supply to maintain economic growth. This is an example of
Inflation
monetary policy
Debt management
Loans
Answers
Answer:
The perspective of economic policy that focuses its efforts to follow a national central bank when it wants to make sure money supply is regulated to achieve a continuous economical positive development is an example of:
monetary policy
Explanation:
The reasons behind this answer are that monetary policy is the concept used to represent the efforts of a certain monetary organization to make sure the interest rates are set in the best scenario to enable borrowers to pay their debts. Pointing to a scenario of economical and monetary stability that would support the country in times of economical distress.
During a job interview, Pam Thompson is offered a salary of $32,000. The company gives annual raises of 4 percent. What would be Pam's salary DURING her fifth year on the job? (You may need to round to the nearest answer)
Answers
Answer:
$38,933
Explanation:
A=P( 1 + r/100)^n
A= amount
r= rate(4%)
n=period (5)
A=32,000 ( 1 + 4/100)⁵
A=32,000 (1.04)⁵
A=38,932.89
A=$38,933( nearest whole number)
During a job interview, Pam Thompson is offered a salary of $32,000. Pam's salary during her fifth year on the job is $ 37435.474.
What do you mean by the annual raise of salary?
A worker's salary increase is expressed as a percentage of their total base pay. Typically, it represents a portion of the employee's yearly compensation. Employers may utilize increments to raise or lower basic pay as well as to provide incentives.
The yearly increase % calculates the average annual percentage rate of salary increases.
Here,
Current salary= 32000
First increment will occur at the beginning of 2nd year = 32000 × (1+4%)
Second increment will occur at the beginning of 3rd year = 32000 × (1+4%) × (1+4%)
Third increment will occur at the beginning of 4th year = 32000 × (1+4%) × (1+4%) × (1+4%)
Fourth increment will occur at the beginning of 5th year
= 32000 × (1+4%) × (1+4%) × (1+4%) × (1+4%)
= 32000 × (1+4%)^4
= 32000 × (1.04)^4
= 32000 × 1.1698586
= $ 37435.474
Therefore, during a job interview, Pam Thompson is offered a salary of $32,000. Pam's salary during her fifth year on the job is $ 37435.474.
To know more about the annual raise of salary, visit:
https://brainly.com/question/29792380
#SPJ2
knowing that the chief outranks your company officer, which answer do you give the chief if he were to ask you to accomplish another task that is just as important as the one you were assigned by your company officer?
Answers
Inform the chief that you have an assignment from your company officer and request that the chief notify the company officer that you will be delayed.
In the United States, a company officer is the person in control of a crew of firemen and their response gear. Company Officers are given varied titles based on their agency's organizational table, although frequent titles in the United States Fire Service include Lieutenant, Captain, Sergeant, or other levels that reflect the militaristic organization of most departments.In the United States, company officers are often promoted after completing a series of written examinations, oral interviews, and tactical assessments. A particular period of time in service or time in grade is frequently necessary before an employee is eligible to test for the department's next highest rank.Thus this is the meaning of company officer.
To learn more about company officer, refer: https://brainly.com/question/28319313
#SPJ4
heath company is searching for a new chief executive officer. select the taxes that would have an impact on this decision.
Answers
The selection of a new chief executive officer (CEO) for a healthcare company can be impacted by several taxes. Here are a few taxes that can affect this decision: Income Tax, Payroll Tax, Corporate Tax, Capital Gains Tax, Es.tate Tax
1. Income Tax: One of the significant factors that can influence the selection of a new CEO is the income tax rate. A higher income tax rate can result in reduced take-home pay for the CEO. As a result, candidates may be less likely to accept the position, and the company may have to offer a more substantial salary to attract a suitable candidate.
2. Payroll Tax: Another tax that can have an impact on the selection of a new CEO is the payroll tax. This tax is paid by both employers and employees and is calculated based on the employee's salary. If the payroll tax rate is high, the company may have to offer a higher salary to the new CEO to offset the tax burden.
3. Corporate Tax: The corporate tax rate can also have an impact on the decision to hire a new CEO. A higher corporate tax rate can reduce the profits of the company, which may result in reduced salary packages for the CEO.
4. Capital Gains Tax: If the company is planning to sell its assets or go public, the capital gains tax can have an impact on the selection of a new CEO. A higher capital gains tax can reduce the company's profits and reduce the amount of money available to pay the CEO.
5. Estate Tax: The estate tax can also be a consideration when selecting a new CEO. If the CEO is expected to inherit a significant portion of the company's assets, the estate tax can reduce the amount of money the CEO will receive.
To know more about company visit:
brainly.com/question/30358395
#SPJ11
"Qualitative manpower is the most valuable asset of an organization."
Answers
The manpower of an organization can be referred to as its employees or workforce.
Qualitative manpower is the most valuable asset of an organization because it contributes to the success of the organization in several ways. This essay will explore the importance of qualitative manpower as an asset to an organization. Qualitative manpower is the workforce that has the necessary skills, experience, and knowledge to contribute to the growth and success of an organization. Employees that possess these skills and experience bring a wealth of knowledge to the organization and can help in decision-making and problem-solving.
They also contribute to a positive work environment where teamwork and collaboration are encouraged. The overall morale of the organization is boosted by these skilled employees, which, in turn, leads to increased productivity and profitability. The training and development of the employees also contribute to the qualitative manpower of an organization. A well-trained workforce leads to better job performance, fewer accidents, and a reduction in the rate of employee turnover.
Qualitative manpower also attracts the attention of potential customers, investors, and other stakeholders of the organization. This is because they see the employees as knowledgeable and skilled, and this reflects well on the organization. Qualitative manpower also enhances the reputation of the organization and can make it stand out in the market.
To sum it up, qualitative manpower is an essential asset to any organization. They contribute to the growth and success of the organization in various ways, including decision-making, problem-solving, and a positive work environment. The training and development of employees also contribute to qualitative manpower, which leads to increased productivity and profitability. Qualitative manpower can also attract potential customers, investors, and other stakeholders, leading to increased revenue and profitability.
The question was incomplete, Find the full content below:
Qualitative manpower is the most valuable asset of an organization.justify
Know more about Organization here:
https://brainly.com/question/25922351
#SPJ8
A process for a project has 3 paths. The project is complete when all the paths are complete.
Path 1 takes 39.5 minutes
Path 2 takes 44.6 minutes
Path 3 takes 25.2 minutes
The theoretical flow time for this process is 22 minutes.
What is the flow efficiency of this process? Express your answer as a decimal with three significant digits (not percentage)
Answers
Based on the provided information with three paths and project completion is dependent on completion of all paths, the flow efficiency of this process is 0.493.
The flow efficiency of a process is calculated by dividing the theoretical flow time by the actual flow time. In this case, the theoretical flow time is 22 minutes and the actual flow time is the longest path, which is Path 2 at 44.6 minutes.
To calculate the flow efficiency, we can use the formula:
Flow Efficiency = Theoretical Flow Time / Actual Flow Time
Plugging in the values from the question, we get:
Flow Efficiency = 22 / 44.6
Simplifying the fraction, we get:
Flow Efficiency = 0.493273542600897
To express the answer as a decimal with three significant digits, we can round the answer to the nearest thousandth:
Flow Efficiency = 0.493
Therefore, the flow efficiency of this process is 0.493.
Learn more about Theoretical flow time:
https://brainly.com/question/29428988
#SPJ11
Many cutomers feel neglected once they place an order with a company because the saleperson has many new customers and is not as attentive as he or she was previously.
a. True
b. False
Answers
Answer:
a. True
Explanation:
Lets imagine an example that can happen to anyone: A salesperson contacts you several times because you are interested in buying a new car but you are not sure which one. Once you decided which car you want and place your order, you generally have to wait a few hours or even a couple of days. But after the sale was closed, the salesperson disappears and if you want to ask him/her about your car, he/she is too busy and tells you to contact someone else in the company.
This happens not only with cars, it also happens when you place certain custom orders, insurance policies, etc. Once the deal is closed and you pay, the salesperson turns away and looks for new clients. This is extremely frustrating and yes, makes you feel neglected.