Ivanhoe, Inc. estimates the cost of its physical inventory at March 31 for use in an interim financial statement. The rate of markup on cost is 20%. The following account balances are available: Inventory, March 1 $540000 Purchases 420000 Purchase returns 10000 Sales during March 720000 The estimate of the cost of inventory at March 31 would be
Answers
Answer:
$350,000
Explanation:
Cost of goods sold = $720,000 / 1.20
Cost of goods sold = $600,000
Estimated cost of inventory = Inventory, March 1 + (Purchases - Purchases Return) - Cost of goods sold
Estimated cost of inventory = $540,000 + ($420,000 - $10,000) - $600,000
Estimated cost of inventory = $540,000 + $410,000 - $600,000
Estimated cost of inventory = $350,000
Related Questions
The accompanying graphs illustrate an initial equilibrium for the economy. Suppose that oil prices increase temporarily.
Use the graphs to show the new positions of aggregate demand (AD), short-run aggregate supply (SRAS), and long-run aggregate supply (LRAS) in both the short-run and the long-run, as well as the short-run (ESR) and long-run (ELR) equilibria resulting from this change. Then answer what happens to the price level and GDP.
Answers
In response to the temporary increase in oil prices, the short-run equilibrium experiences a higher price level and lower GDP, while the long-run equilibrium sees a higher price level and unchanged GDP.
In the short-run, the AD curve shifts leftward due to the increase in oil prices. This is because higher oil prices increase production costs for firms, leading to reduced consumption and investment spending by households and businesses.
As AD shifts leftward, it intersects with the SRAS curve at a new short-run equilibrium (ESR). At this new equilibrium, the price level increases while GDP decreases compared to the initial equilibrium.
In the long-run, the SRAS curve adjusts to the higher oil prices as firms gradually reduce production and adjust their input costs. This adjustment reflects the fact that higher oil prices affect the overall cost structure of the economy.
As the SRAS curve shifts leftward, it eventually intersects with the LRAS curve at a new long-run equilibrium (ELR). At this equilibrium, the price level is higher than the initial equilibrium due to the higher oil prices. However, GDP returns to its potential level determined by the LRAS curve.
Therefore, in response to the temporary increase in oil prices, both the price level and GDP initially decrease in the short-run but eventually stabilize in the long-run, with a higher price level and unchanged GDP compared to the initial equilibrium.
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REFRESH Produce is a distributor of fresh produce. They conducted a thorough analysis of its market and identified groups of consumers that had similar product-related needs. One particular market identified wanted fresh and unique produce, such as Swiss chard, radicchio, and exotic fruits, and they were willing to pay higher prices for these choices. REFRESH Produce decided to focus its marketing effort on this segment of the total market. This segment is REFRESH Produce's
Answers
Answer:
D. target market
Explanation:
The target market can be identified as the group of people that the company has identified as potential consumers of its products or services, based on its similar characteristics, such as preferences and needs, aligned with the purpose of a product or service.
After identifying its target market, the company will focus its marketing efforts on that group of consumers to promote its business and become competitive and profitable in the market.
It is essential that the company develops personalized marketing to attract and retain potential consumers, using marketing strategies such as the marketing mix and the four pillars of product, price, market and promotion, in order to balance the company's marketing forces by promoting products and making available in the target market with elements that attract the attention and consumer desire for your product or service.
What does Checks and Balances mean? And why do we have them?
Answers
Answer:
Hmm.
Explanation:
Checks and Balances mean the principle of government under which separate branches are empowered to prevent actions by other branches and are induced to share power.
We have them so the government can limit the powers of the other branches.
It is estimated that the maintenance cost on a new car will be $500 the first year. Each subsequent year, this cost is expected to increase by $150. How much would you need to set aside when you bought a new car to pay all future maintenance costs if you planned to keep the vehicle for 10 years
Answers
Answer:
$-8,609
Explanation:
Calculation for How much would you need to set aside
Year Cashflows PVF 5% Present values
1 -500 *0.952381 =-476.19
2 -650(500+150) *0.907029 =-589.569
3 -800(650+150) *0.863838 =-691.07
4 -950(800+150) *0.822702 =-781.567
5 -1100(950+150) *0.783526 =-861.879
6 -1250(1100+150) *0.746215 =-932.769
7 -1400(1250+150) *0.710681 =-994.954
8 -1550(1400+150) *0.676839 =-1049.1
9 -1700(1550+150) *0.644609 =-1095.84
10 -1850(1700+150) *0.613913 =-1135.74
PV=Present value $-8,609
Therefore the amount you will need to set aside is $-8,609
If an entrepreneur present a business plan that an investor believes is deliberately vague and has provided inflated financial statements, what should that investor do?
Answers
If the corporate plan contains exaggerated financial data and is intentionally confusing, an investor should analyze it before investing.
What do financial numbers actually mean?All of the liabilities and assets of an economy's many sectors are included in a complete set of stock or flow data called financial statistics.
How many people in America have such a financial plan?If that's so, you're not the only one. The 2021 Modern Prosperity Survey by Schwab found that only 33% of Americans had a written financial plan.
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PLEASE HELP ME IM STUCK ON THIS
Answers
What makes a lease an enforceable or unenforceable contract?
Answers
Answer:
Answer Below ↓
Explanation:
For a contract to be enforceable, both parties must have the capacity to understand the terms of the contract. What makes a contract unenforceable is when one party doesn't understand the terms or how they will be bound by it.
Bronco consulting statement of Cash Flows for the Month Ended August 31,
Cash flows from (used for) operating activities:
Cash received from customers
✓
Cash paid for expenses and to creditors
Net cash flows used for operating activities
Cash flows from (used for) investing activities
Cash flows from (used for) financing activities:
Cash received from issuing common stock
Cash paid for dividends
Net cash flows from financing activities
Net increase in cash
Cash balance, August 1, 20Y1
Cash balance, August 31, 20Y1
Answers
Bronco consulting statement of Cash Flows for the Month Ended August 31, Cash flows from (used for) operating activities are:
Bronco Consulting
Statement of Cash Flows
For the Month Ended August 31, 20Y1
Amount($) Amount($)
Cash flows from operating activities:
Cash receipts from customers 31,540
Cash payments for expenses and payments to creditors(Working note) -29,060
Net cash flow used for operating activities 2,480
Cash flows from investing activities -
Cash flows from financing activities:
Cash received from issuing common 32,180
Cash paid for dividends -8,000
Net cash flow from financing activities 24,180
Net increase in cash 26,660
Cash balance, August I, 20YI -
Cash balance, August 31, 20YI 26,660
Working note
Rent expense 8,700
Auto expense 4,180
miscellaneous expense 1,930
Salaries expense 12,900
total expense 27,710
Accounts payable 1,350
Total cash payment for an expense
& creditors thus is 29,060
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Marketing through social media is very popular today. You have seen how mobile technology has accelerated the use of social media for marketing.
Research at least three mobile marketing techniques and then write a report about a company that has used mobile marketing with success. Include the following points in your report:
Describe in detail the technique used in the mobile marketing campaign.
What was the campaign trying to achieve?
Who was the target audience? What techniques did the company use to broaden the audience base?
Describe the campaign process in detail.
What results did the campaign achieve?
How did mobile technology play a key role in the marketing campaign?
How did mobile technology enhance the campaign compared to traditional marketing methods?
Why do you think the campaign succeeded?
In what ways could the company have improved the campaign?
Answers
Answer:
Get Started
What is Mobile Marketing? (The Best Answer Ever!)
Both marketers and consumers begin their web services on mobile. Digital marketers in particular are excited to run mobile campaigns, because they know that mobile users are motivated buyers.
According to Salesforce, “68% of companies have integrated mobile marketing into their overall marketing strategy.”
The earlier you start reaching out to them, and solving their problems, the more results you will get in your business.
It’s no secret that building a successful online business has its challenges. One of such is knowing how to interact with potential customers on different platforms and devices.
Not only will you get the best results out of mobile, but a good understanding of how mobile marketing works will put you in total control of your marketing.
Let me get you started with a quick definition.
What is Mobile Marketing?
Andreas Kaplan defines mobile marketing as:
“Any marketing activity conducted through a ubiquitous network to which consumers are constantly connected using a personal mobile device.”
Wikipedia defines it as “marketing on or with a mobile device”.
Margaret Rouse defines it as:
“As a promotional activity designed for delivery to cell phones, smartphones, and other handheld devices, usually as a component of a multi-channel campaign.”
I define it as marketing for mobile users.
What-is-Mobile-Marketing??
Mobile phones are changing the way your target audience and customers engage with your brand. People visit your website on their phones, open your emails on smartphones, and buy from your store through their phones.
Putting your business right where your customers are – on the go – is what mobile marketing is all about. Any marketing plan today that ignores mobile marketing is a failed plan.
A Brief History of Mobile Marketing
The history of mobile marketing links back to the time when the first commercial mobile SMS and shortcodes were launched in 2003.
Pontiac and Nike were the first two brands that launched SMS campaigns in 2005. This was the time when both brands realized that mobile marketing is the future because people were crazy about mobile phones.
By 2007, there were 2.4 billion SMS users throughout the globe. Apple launched its first iPhone in the US and QR codes were incorporated into mobile marketing in 2010, which led to the beginning of a new era in marketing.
By 2011, mobile marketing was a $14 billion dollar global industry.
By 2013, Android and iOS had dominated the market and it’s the time when apps were becoming popular and smartphones were replacing traditional mobile phones.
By 2014, the number of mobile phone users exceeded the number of computer users and people were accessing the internet from their phones.
Today, 89% of mobile time is spent on apps while the remaining 11% is spent on websites. This is the number one reason why 71% marketers say that mobile marketing is core to their business, while 68% brands have integrated mobile marketing into their overall marketing strategy.
Brands that lack a mobile marketing strategy must rethink their marketing strategy, because all such brands are losing customers every second.
Explanation:
This will help u really much!!!!
you are planning to open a sandwich shop. you begin to think about the four functions of business—production, marketing, management, and finance. describe how each function will apply to your business. explain how the functions will work together to ensure you run a successful sandwich shop.
Answers
Answer:
Explanation:
In order to run a successful business each of these functions need to be present and functioning efficiently since each one depends on the other in order for the entire business to succeed. Production makes sure that the business has products to sell. Marketing makes sure that potential customers are aware of the products that the business sells. Finance makes sure that the pricing for those products, costs, and expenses (marketing) all lead to profitability when calculated. And finally, Management makes sure that all of these functions interact efficiently and are poised for success.
The functions will work together to ensure you run a successful sandwich shop:
Production guarantees that the company has the products for sale. Marketing ensures that potential customers know what products the company is selling. Treasury guarantees that calculating the pricing, costs, and costs (marketing) of these products will all lead to profitability. And finally, management ensures that all these features interact efficiently and are on the path to success.Learn more :
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I have $10,967.74 in a brokerage account, and plan to deposit an additional $6,000.00 at the end of every future year until my account totals $270,000 and I expect to earn 13% annually on the account. How many years will it take
Answers
Note that with respect to the deposite, it will take approximately 8.19 years for the account to reach $270,000.
How is this so?To determine how many years it will take for the account to reach $270,000,we can use the future value of an annuity formula.
The formula is -
FV = P x [(1 + r)ⁿ⁻¹] / r
Where -
FV = Future value ($270,000)
P = Annual deposit ($6,000)
r = Interest rate per period (13% or 0.13)
n = Number of periods (number of years)
We need to solve for n, so we can rearrange the formula as -
n = log((FV x r / P) + 1) / log(1 + r)
Plugging in the values -
n = log((270000 x 0.13 / 6000) + 1) / log(1 + 0.13)
Using a calculator, we find that n is approximately 8.19.
thus, it is corect to state that, it will take approximately 8.19 years for the account to reach $270,000.
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Kris Kerpstra is an employee for General Dynamics. Kris would be considered a human resource.
Answers
Answer:
I NEED THIS ANSWERRR TOOO!!
Explanation:
Answer:
Trisha wishes that she and Bo could become better friends. This is an example of an (Non) economic want.
Explanation:
Its not a economic want
In November 2017, Treasury 4 5/8s of 2042 offered a semiannually compounded yield to maturity of 2.62%. Recognizing that coupons are paid semiannually, calculate the bond's price. Assume face value is $1,000. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answers
Answer:
Price of Bond = $1,365.98
Explanation:
Face Value = $1000
Yield to Maturity = 2.62% compounded semiannually
Coupon Rate = 4 5/8 = 4+ 5/8 = 4.625%
Time To Maturity = 2042-2017 = 25 years
Semiannual Coupon Payment = 4.625% *1000/2
Semiannual Coupon Payment = $23.125
Price of Bond = 23.125(P/A,1.31%,50) + 1000(P/F,1.31%,50)
Price of Bond = 23.125*36.514 + 1000*0.5216
Price of Bond = 844.38 + 521.6
Price of Bond = $1,365.98.
Ethics Student Activity Packet
In this lesson, you will learn to:
- Define what ethics is
- Explore some of the ethical dilemmas our society faces, such as those posed by self-driving cars
- Analyze a number of ethical dilemmas and recommend how the people in these situations should proceed
NOTE: Vocabulary for this unit can be found in the NGPF Personal Finance Dictionary
RESOURCES
Discussion Prompts
Write your responses to the questions. Then, share what you wrote with your classmates or a partner.
QUESTIONS
1. How do you know if a behavior or action is right or wrong?
Answers
A behavior or action is right or wrong due to the fact that it is a specific kind of action, that tends to fits in with some principles or rules, and can also say the behavior is right or wrong due to the fact that it brings about good or negative consequences.
How do we know good and bad behavior?We must first comprehend what we mean when we speak about right and wrong in order to taken in how to acquire moral understanding.
Therefore, one can make use of Conscience-Based Action: Ethical Knowledge. It is seen as a more prevalent viewpoint that exists that is not too dissimilar from that. It is the notion that by paying attention to our conscience, we can determine what is morally right and wrong. What determines whether anything is right or wrong is that still, small voice within of us.
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(This problem combines material in Chapters 2 and 3.) You purchase a stock for $50 and sell the stock for $70 after three years.a)What is the annual return on your investment if you bought the stock in a cash account
Answers
Answer:
11.87% (12% to the nearest whole percentage)
Explanation:
From the perspective of time value of money,we understand that the value of stock after 3 years is the future value while the initial amount at which it was bought is the present value, on that premise,we can determine the annual rate of return using the formula below which shows the relates future and present values together:
FV=PV*(1+r)^n
FV=future value=$70
PV=present value=$50
r=annual rate of return which is unknown
n=investment timing horizon=3
70=50*(1+r)^3
70/50=(1+r)^3
divide indices on both sides by 3
(70/50)^(1/3)=1+r
r=(70/50)^(1/3)-1
r=11.87%
A company's earnings are $6 per share, its dividend is $1 per share, and its stock price is $30 per share. Its P/E is a. 30. b. 4.29. c. 30 percent. d. 5.
Answers
5 percent is the company's earnings are $6 per share, its dividend is $1 per share, and its stock price is $30 per share.
What is meant by share?Share is the security part of the divided from the company's amount which is given to the public or group of the people. A person can purchase any share from the company's share. The price of each share is decided by the company members.
Thus, option D is correct.
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Perhaps you think it will be easy to make responsible decisions regarding auto loans in your future . But , decision making can be tricky when you're considering your dream car. Follow the directions on the sheet to complete the activity
Answers
Answer:
From this worksheet, I have noticed that following directions to receive your dream car is tricky as well as fun
;)
There will be a higher equilibrium price and quantity if
O supply increases and demand stays the same
O supply increases and demand increases
demand increases and supply stays the same
supply increases and demand decreases
Answers
How can prices and elasticity cause colleges and universities to offer financial aid to low-income students?
Answers
The elasticity of demand for college and university education is elastic. Thus, if the price of education is high, low-income students would decide not to get education. In order to incentivise low-income students, schools offer financial aid.
What does the elasticity of demand mean?
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
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You can earn 3% interest on a CD and 1.25% interest on a savings account.
How much more interest will the CD earn for one year if you make a deposit of
$1,650?
Financial Lit, please help!!
Answers
Answer:
The CD will earn $49.50 more interest than the savings account for one year if you make a deposit of $1,650.
Question 7 of 10
Your company emphasizes the important of conserving (not wasting)
resources. How can you support that value when you print an 8-page report
you were asked to bring to your department's monthly meeting?
A. Use the Print option for two-sided printing.
B. Post the report online before printing it.
C. Use the Print option to create extra copies.
D. Use the Save option to choose a format readers can open.
SUBMIT
Answers
Answer:
A. Use the Print option for two-sided printing.
I'd choose A, although I don't really understand what option D means..
Can u give me a list of ethical products that can start a business?
also give me list of creative inventions
Surely guys, if you answer this, you will get a noble prize and you are getting 50!!!!! POINTS, COME ON Answer this, please give good answers please!
Answers
What action should a project manager take to ensure effective project governance?
Answers
Answer:
Prioritize clear, reachable, and sustainable goals during the closing phase
Financial information is presented below: Operating expenses $ 45000 Sales returns and allowances 3000 Sales discounts 7000 Sales revenue 160000 Cost of goods sold 96000 Gross Profit would be $64000. $54000. $61000. $67000.
Answers
Explanation:
160,000−3,000−96,000=61000
expenses are not taken into account because their not required to find the gross profit.
Financial information is presented below: Operating expenses $ 45000 Sales returns and allowances 3000 Sales discounts 7000 Sales revenue 160000 Cost of goods sold 96000 Gross Profit would be "$64000". The correct option is A.
To calculate the Gross Profit, we use the formula:
Gross Profit = Sales Revenue - Cost of Goods Sold
Given the financial information,
Sales Revenue = $160,000
Cost of Goods Sold = $96,000
Gross Profit = $160,000 - $96,000
Gross Profit = $64,000
Therefore, the correct option is A that is $64,000.
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Yield premiums on bonds backed by pools of consumer debt have edged consistently higher this year, reflecting perceptions of rising risk. Junior bonds made of bundles of subprime car loans, for example, now offer investors ______ percentage points’ extra yield over comparable Treasury notes, up from 2.41 percentage points at the start of the year, according to JPMorganLinks to an external site. data. Pricing for other kinds of consumer-debt investments shows a similar trend.
Answers
Investors in junior bonds made of bundles of subprime car loans are now demanding 4 percentage points of extra yield over comparable Treasury notes. This is up from 2.41 percentage points at the start of the year, according to JPMorgan data.
How to explain the informationThis is a reflection of rising risk perceptions in the market. Investors are concerned that the rising cost of living and the possibility of a recession could lead to more defaults on consumer loans.
Pricing for other kinds of consumer-debt investments shows a similar trend. For example, the yield premium on bonds backed by credit card debt has risen to 2.95 percentage points from 2.21 percentage points at the start of the year.
The rising yield premiums on consumer debt bonds reflect the fact that investors are demanding a higher risk premium for these investments. This is a sign that investors are becoming more cautious about the risks associated with consumer debt.
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describe the cycle that dictates the economic ups and down of the hotel industry
Answers
The terms of business cycle which includes expansion, growth, peak, recession describes the Ups and down of the hotel industry
Business cycle refers to the cyclical upswings and downswings of a business in its output, employment, income, sales etc
The 4 stages of business cycle includes:
expansionpeakcontractiontrough/recession.In conclusion, the terms of business cycle which includes expansion, growth, peak, recession describes the Ups and down of the hotel industry
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A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used 6 workers, who together produced an average of 90 carts per hour. Workers receive $15 per hour, and machine cost was $40 per hour. With the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $11 per hour, while output increased by 5 carts per hour.
Comment on the changes in productivity according to the two measures. (Round your intermediate calculations to 3 decimal places and final answers to 2 decimal places.)
1. Labor productivity is increased or decreased by what %?
2. Multifactor productivity is increased or decreased by what %?
Answers
Answer: Hope this help. Please mark me brainliest :)
Explanation:
a.
Before: 90 ÷ 6 = 15.00 carts per worker per hour.
After: 96 ÷ 5 = 19.20 carts per worker per hour.
b.
Before: $14 x 6 = $84 + $40 = $124; hence 90 ÷ $124 = 0.73 carts/dollar cost.
After: $14 x 5 = $70 + $51 = $121; hence 96 ÷ $121 = 0.79 carts/dollar cost.
c.
Labor productivity increased by 28.00% (4.20/15.00).
Multifactor productivity increased by 8.22% (0.06/0.73).
What event had an enormous effect on US workplace safety
Answers
Answer:
I believe your answer would be D, a deadly factory fire.
Hope this helped!
What is a TRUE statement about who is affected by the stock market? A. No one is affected by the stock market. B. Only big companies are affected by the stock market. C. All people are affected by the stock market. D. Only investors are affected by the stock market.
Answers
Answer: c is the answer everyone if affected by the stock market. Inflation and other factors such as bank crashes and business going out of business is bad for all
Explanation:
Migration plays an important role in economic development and as a strategy for poverty reduction.
a. True
b. False