The balance in the cost of goods sold account after the sales transaction will be $11.
If Happy Co uses the LIFO (Last-In, First-Out) cost flow method, the cost of the most recent inventory purchases is matched against the sales revenue first. In this case, since the second item was the last one purchased and it cost $11, it will be used to calculate the cost of goods sold.
Given that one item was sold for $31, the cost of goods sold will be equal to the cost of the most recent inventory item, which is $11. This means that the balance in the cost of goods sold account after the sales transaction will be $11.
The LIFO method assumes that the most recent inventory items are sold first, which results in the cost of goods sold reflecting the current market prices or costs. As a result, when an item is sold, the cost associated with the most recently purchased or acquired inventory is recognized as an expense. This approach can lead to a higher cost of goods sold and lower reported profits compared to other cost flow methods like FIFO (First-In, First-Out).
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Thirsty Dog! Is a zesty beef-flavored, vitamin-enriched, mineral-loaded, lightly carbonated bottled water for your dog. It might have been a great product, but competition over shelf space was fierce and the product could not generate enough sales per square foot for retailers. The makers of this product had
How different would your life be if there weren't social media platforms? Would your life improve? What would you miss?
Answer:
I think it would improve because then people will be more interactive and social and everyone will be way more kind and I think its just way better in every way be social media is addicting to people. do yee. =)
Answer:
It will improve
Explanation:
Because the the citizen will be more caring to other things. I think there isn't a thing that we would miss
Schizophrenia also involves abnormalities in the _____ system, leading to impaired communication between areas of the brain.
Changes in the structure and operation of several important brain systems, including the prefrontal and medial temporal lobe regions involved in working memory and declarative memory, respectively, have been linked to schizophrenia.
Schizophrenia is linked to alterations in the cortex's structure, function, and connections between various cortical regions. The nature, causes, and developmental course of these changes can now be better understood thanks to recent advancements in neuroimaging technologies. Observed structural abnormalities include decreased gray matter volume and altered white matter integrity; these alterations may occur both before the illness manifests and in the first few months after it does.
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What is a tagline?
(Principles Of Business Management)
Answer:
Explanation:
A tagline is a short phrase used in marketing campaigns of a business to sum up the value of a brand or its products and create a positive brand impression.
Which control standard is stated most effectively?
Multiple Choice
Praise employees more often this month.
Empower employees to make more decisions next year.
Increase sales of our top-end product from 2000 in the first quarter to 3000 during the same period by 2024.
Cut the number of finished product rejects.
The control standard that is stated most effectively is: Increase sales of our top-end product from 2000 in the first quarter to 3000 during the same period by 2024.
What is meant by the term control standard?This is the term that is used to refer to all of the set standards in an organization that has the ability of taking care of several measures as well as their control and all forms of corrective measures.
It helps in the comparison of the subsequent performance with the performance that used to exist.
Hence we would say that the answer is Increase sales of our top-end product from 2000 in the first quarter to 3000 during the same period by 2024.
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what agency has the ultimate authority in defining independence for public companies? multiple choice the aicpa the sec the department of justice the u.s. congress
SEC agency has the ultimate authority for defining independence for public companies. So the correct option is C.
The United States Securities and Exchange Commission is an autonomous body of the federal government of the United States.
The SEC was established, along with the 1934 Stock Exchange Act, for the restoration of investor trust in our capital markets, through a accurate knowledge and consistent rules for fair dealing between investors and markets.
A three-part mission is to secure investors through the U.S. Securities and Exchange Commission (SEC). Keep markets equal, orderly and effective. Enabling the development of capital.
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What agency has the ultimate authority for defining independence for public companies?
A. AICPA.
B. SEC.
C. Department of Justice.
D. Congress.
What are the 3 components of a claim?
There are three elements that you must prove in order for your claim to be successful: the defendant owed you a duty of care, the defendant breached that duty, you suffered an injury or loss as a result.
Define loss?A loss in financial accounting is a decline in net income that occurs outside of the regular course of business.
Losses can be caused by a variety of actions, including the selling of an asset for less than its carrying value, asset write-downs, or litigation losses.
When you lose money operating your business, you are spending more than you are earning.
Businesses sometimes experience temporary losses when they first launch or during periods of expansion. This is OK if you have enough cash on hand to cover operating expenses while waiting for a boost in revenue.
The income statement's bottom line, following all the line items for revenues and expenses, shows the net loss.
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After asking coworkers to review a project plan, you receive feedback. Your coworker thinks there is a better way to display the data in the business report.You should add a
title
reference
abstract
table
Answer:
table
Explanation:
which of the following are reasons why diversity is such a pressing concern for managers and organizations? (choose all that apply.)multiple select question.effectively managing diversity can create a dysfunctional organizational culture.effectively managing diversity can improve organizational effectiveness.there is a strong ethical imperative that diverse people must receive equal opportunity.there is evidence that diverse individuals continue to experience unfair treatment as a result of biases and overt discrimination.
Diversity is a pressing concern for managers and organizations for several reasons. Effectively managing diversity can improve organizational effectiveness.
When diverse individuals are included in decision-making processes, it can lead to a wider range of perspectives, ideas, and approaches.
Effectively managing diversity can improve organizational effectiveness and there is a strong ethical imperative that diverse people must receive equal opportunity. There is also evidence that diverse individuals continue to experience unfair treatment as a result of biases and overt discrimination. Therefore, the correct options are:
Effectively managing diversity can improve organizational effectiveness.
There is a strong ethical imperative that diverse people must receive equal opportunity.
There is evidence that diverse individuals continue to experience unfair treatment as a result of biases and overt discrimination.
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Every Thursday at 1:30 pm, Celine’s cell phone sounds an alert, reminding Celine that she has a weekly appointment with her yoga trainer. Celine is using__________ to remind herself of her appointments (an organized system, clairty of objective, clairty of mind)
Every Thursday at 1:30 pm, Celine’s cell phone sounds an alert, reminding Celine that she has a weekly appointment with her yoga trainer. Celine is using an organized system to remind herself of her appointments.
Celine is using an organized system to remind herself of her appointments. Specifically, she is using a digital or electronic calendar app on her cell phone that allows her to set reminders for specific dates and times. By setting a recurring appointment at the same time every week, she has established a routine and is able to plan her schedule accordingly. This demonstrates her ability to stay organized and keep track of her commitments.
Therefore, "an organized system" is the most suitable word to be filled in the blanks.
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A real estate broker pays $50 to a life insurance broker for each referral that goes to closing. This arrangement is:
Answer:
ghytbkurutvfvtyfugbybubgulgn tuuyfyuvuybtkuykgnuuugyufiynooo
Explanation:
A real estate broker pays $50 to a life insurance broker for each referral that goes to closing. This arrangement is illegal.
What is a broker?A broker is referred to as a middleman or agent who helps real estate property to sell in good amounts and helps to establish a deal between a property owner and the buyer.
This real estate broker will receive a commission on behalf of closing the deal, this commission will be received by the end of the deal when the exchange of property is took place between both the parties in terms of the agreement.
This arrangement between the two is illegal as they are misrepresenting things by helping each other when the real estate broker and insurance broker pay each other in closing the deal amount of $ 50 to each other.
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The incomplete question is
A real estate broker pays $50 to an insurance broker for every referral that goes to closing. The insurance broker pays $50 to the real estate broker for every referral that buys insurance. This arrangement between the two is:________
why is freshness of ingredients important in salad preparation
When bonds are issued, certain information is required to calculate the amount of cash that a borrower will receive. Which of the following information is not required? Market rate. Bond principle. Contract rate. One semiannual (6 month) interest payment. Yearly dividend.
Out of the given options, the information that is not required to calculate the amount of cash that a borrower will receive when bonds are issued is the yearly dividend.
The reason for this is that dividends are usually associated with stocks and not bonds. Bonds generally do not have a dividend payment structure, and instead, they pay interest to the bondholder. The other options are all necessary in determining the amount of cash that a borrower will receive. The bond principle is the amount borrowed by the borrower, while the contract rate is the rate at which the borrower agrees to pay interest on the bond. The market rate, on the other hand, is the prevailing interest rate in the market at the time of issuance, and it determines the bond's price. Finally, the semiannual interest payment is the amount that the borrower will pay to the bondholder every six months until the bond's maturity.
In summary, when bonds are issued, the market rate, bond principle, contract rate, and semiannual interest payment are all required to calculate the amount of cash that a borrower will receive. The yearly dividend, however, is not required since it is not typically associated with bonds.
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.......what type of evidence based review would this report qualify as?
Based on the provided information, it is not clear what specific report or content you are referring to.
In order to determine the type of evidence-based review, it would be necessary to have more details about the report's subject matter, methodology, and purpose. Evidence-based reviews typically involve systematic and rigorous analysis of existing research or evidence to answer a specific research question or address a particular topic.
These reviews can take various forms such as systematic reviews, meta-analyses, scoping reviews, or literature reviews, depending on their specific focus and methodology. Without additional context, it is challenging to determine the specific type of evidence-based review the report may qualify as.
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What type of evidence based review would this report qualify as?
In what type of analysis will an increase in the tax rate sometimes lead to a decrease in tax revenues?
Static tax analysis will an increase in the tax rate sometimes lead to a decrease in tax revenues.
Taxation is the compulsory taxation of individuals or entities by governments in almost every country in the world. Taxes are primarily used to generate revenue for government spending, but they can also be used for other purposes.
Taxes apply to physical assets such as real estate and transactions. B. Sale of stock or house. Types of taxes include income tax, corporate tax, capital gains tax, property tax, inheritance tax, and sales tax.
Taxes are a major source of revenue for most governments. Among other things, this money will be used to improve and maintain public infrastructure, including the roads we drive on, and to fund public services such as schools, emergency services, and social programs.
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Environmental scanning is conducted only when a new business is opened. True or False?
if a firm produces nothing, it still incurs its fixed costs.TrueFalse
This statement is True because fixed costs are those costs that the firm incurs regardless of the level of its production. Examples of fixed costs include rent, insurance, salaries and loan repayments.
These costs do not depend on the company's output and arise in each period. If the firm does not produce anything, these fixed costs must still be paid. For example, the rent on the premises must still be paid regardless of whether the business is operating or not. Similarly, wages must be paid to employees and loans must be repaid. Thus, even if a firm that does not produce anything incurs no variable costs, it will still incur fixed costs.
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What state in the country has the highest percent of their credit economy with subprime credit scores?
The state in the country has the highest percent of their credit economy with subprime credit scores is: Wisconsin.
What is credit economy?Credit economy can be defined as the way in the money is the means of exchange in an economy as people sell goods in exchange for money.
Based on this Wisconsin has the highest percentage of their credit economy with subprime credit score followed by Vermont and then Washington.
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What is a sales forecast?
A. A prediction of what other businesses will make similar products
B. A prediction of how many customers a business will have visit its
store
C. A prediction as to the volume of sales that a business expects to
make in the upcoming future
A sales forecast is A prediction as to the volume of sales that a business expects to make in the upcoming future. Thus the correct option is C.
What is the objective of the sales Forecast?A sales forecast is a projection of the engagements that will go through the selling process and is a statement of anticipated sales revenue that expresses how much your organization anticipates selling within a specific time frame.
Making well-informed choices about the management of the firm, including decisions about staffing and inventory, new product lines, and prospective marketing initiatives, is aided by sales predictions.
By the use of sales forecasting, firms can more correctly predict their expenses and revenue. Time and money wasted on unsuitable candidates or customers must be reduced for better prospecting.
Therefore, option C is appropriate.
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The number of minorities in the workforce is?
Answer:
increasing
Explanation:
i got it from quizlet so if its not right im sorry i tried my best !!
You will have $ in 20 years if you set aside $2,000 at 8%. (Use the future value tables from Chapter 5.)
In 20 years you'll have $5,220.
2,000×0.08=160
2,000+(160×20)= 5,220.
The total interest will be $3200 (160X20) at an interest rate of 8%. You'll have $5,220 after 20 years.
What is the interest rate?The amount of interest due each period expressed as a percentage of the amount lent, saved, or borrowed is known as an interest rate (called the principal sum). The total interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time the loan, deposit, or borrowing took place.
The rate calculated over a year is the annual interest rate. However, they are typically annualized. Various interest rates are applicable over shorter time frames, such as a day or a month.
A key tool of monetary policy, interest rate goals are taken into consideration when addressing issues like investment, inflation, and unemployment. When a nation wants to boost consumption and investment in the economy, its central bank typically lowers interest rates.
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Which of the following are money market instruments? Check all that apply.
Common stocks
O Treasury bills
O Long-term bank loans
O Commercial paper
Im Certificates
Certificates of deposit
Commercial paper is one of the following money market instruments. Commercial paper is a type of short-term, unsecured debt instrument issued by corporations to fund short-term liabilities.
What is money market?Bank accounts, including time credentials of deposit; interbank loans (loans between banks); money market mutual funds; commercial paper; Treasury bills; and securities lending and repurchase agreements are all examples of money markets (repos). The money market is an economic component that provides short-term funds. The money market specializes in short-term loans of one year or less. Money market funds are widely regarded as one of the most stable investments, as they have low volatility and are less susceptible to market fluctuations. Money funds are also more liquid than other investments with comparable returns, such as CDs, because they allow you to quickly withdraw cash or purchase other investments.To learn more about money market, refer to:
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Dorothy plans to invest some money so that she has $3,400 at the end of three years. Determine how much should she invest today given the following choices: (Do not round intermediate calculations and round your final answer to the nearest penny.)
a. 4.2 percent compounded daily.
Amount required to be invested $
b. 4.9 percent compounded monthly.
Amount required to be invested $
c. 5.2 percent compounded quarterly.
Amount required to be invested $
d. 5.4 percent compounded annually.
Amount required to be invested $
Dorothy should invest $3,127.64 if she is using a 4.2 percent compounded daily rate, $3,063.36 if she is using a 4.9 percent compounded monthly rate, $3,039.32 if she is using a 5.2 percent compounded quarterly rate, or $2,994.83 if she is using a 5.4 percent compounded annually rate to have $3,400 at the end of three years.
To determine how much Dorothy should invest today given these choices, we must calculate the present value of the future sum of $3,400. The present value of a future sum is equal to the future sum divided by the (1 + interest rate) raised to the number of periods.
For choice a, the formula is: PV = 3,400 / (1 + 0.042)365 = $3,127.64
For choice b, the formula is: PV = 3,400 / (1 + 0.049)36 = $3,063.36
For choice c, the formula is: PV = 3,400 / (1 + 0.052)12 = $3,039.32
For choice d, the formula is: PV = 3,400 / (1 + 0.054)3 = $2,994.83
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a document that provides more information about each work package by documenting details about the associated deliverables, activity, scheduling information, predecessor, successor, person responsible, etc. is called a . g
The document that provides more information about each work package by documenting details about the associated deliverables, activity, scheduling information, predecessor, successor, person responsible, etc. is called a Work package description document (WPDD).
A work package is part of a project management plan that specifies what should be done to achieve a certain objective. Work packages are created by breaking down the project into smaller parts that can be accomplished individually.
The Work package description document (WPDD) provides a detailed explanation of each work package. It documents the work package’s associated deliverables, activities, scheduling information, predecessors, successors, person responsible, and other important information. The WPDD is also used to ensure that work packages are properly coordinated, scheduled, and budgeted.
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a(n) ________ gives purchasers inflation protection.
a. junk bond
b. floating rate bond
c. income bond
d. zero-coupon bond
b. floating rate bond. A floating rate bond provides purchasers with inflation protection because the interest rate on the bond is adjusted periodically based on changes in a benchmark interest rate such as the LIBOR.
This means that as inflation rises, the interest rate on the bond will also increase, providing investors with a higher return that can help offset the impact of inflation on their investment. A floating rate bond is a type of bond that has a variable interest rate, which is adjusted periodically to reflect changes in a benchmark interest rate, such as the LIBOR. The interest rate on a floating rate bond "floats" with changes in the benchmark rate, so the bondholder receives interest payments that reflect the prevailing market rates.
Because the interest rate on a floating rate bond is not fixed, it provides purchasers with inflation protection. As inflation rises, the interest rate on a floating rate bond also rises, which helps to offset the effects of inflation on the purchasing power of the bond's payments.
Option a, junk bonds, are high-yield, high-risk bonds that typically offer higher returns to compensate for their increased risk. Option c, income bonds, are a type of bond that pays interest only if the issuer's income is sufficient to cover the interest payments.
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If the reserve ratio is 20%, and the money supply increases by $100,000 because of open-market operations, then the Federal Reserve made a purchase of $_____ in Treasury bills.
Answer:
$20,000
Explanation:
Which global company allows employees to bring their dogs to work?
Purina has allowed its employees to bring their dogs to work for over 20 years, as the company believes this policy is beneficial to both the pets and their owners.
How does a dog friendly office work?Increases collaboration & work relationships: people tend to bond over pets.
Not only are pets conversation starters, but they foster and encourage productive work relationships and increase collaboration and socialization among employees.
Dogs help people feel more comfortable and at ease, even in the workplace.
Window dressing is a strategy used by businesses to deceive their shareholders. The window dressing is the responsibility of the company management. Usually, it is a management decision to use window dressing to make its financial statements appear more credible.
Purina has allowed employees to bring their dogs to work for over 20 years, believing that this policy benefits both the pets and their owners.
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In a few sentences, explain what it means to
be financially responsible.
Answer:
Being financially responsible means to not spend your money on stuff that aren't needed. It also means saving your money for when you actually need it. Evaluate your earning spendings habits and see how you could maybe save more money each paycheck.
Answer:
Being financially responsible means you are earning more than you are spending. You should also create a budget to track income and expenses, and do what you can to always pay bills on time.
Explanation:
"take hundred now is more valuable than take hundred after one year" explain it
Answer:
Today's dollar is worth more than tomorrow's because of inflation (on the side that's unfortunate for you) and compound interest (the side you can make work for you). Inflation increases prices over time, which means that each dollar you own today will buy more in the present time than it will in the future.
If cash received from Mr. O.I.Felix is credited to Messrs Y.K. Grace and co, which kind of accounting error has occurred?
Answer:
Error by commission
Explanation:
The two accounts in the question are receivables so that they are of the same class. Thus, crediting Messrs Y.K. Grace and co's account instead of Mr. O.I. Felix is an error by commission.
Error by commission is an error that do not require a suspense account to correct it because it does not affect the trial balance. To correct this error, debit Messrs Y.K. Grace and co's account by the same amount, then credit Mr. O.I. Felix's account by the said amount.