Ending Inventory and Cost of Goods Sold using FIFO:
Step 1: Calculate the cost of units sold using FIFO (First-In, First-Out):
January 10 Sale: 170 units
250 units from January 19 purchase ($29 each) = 250 units sold at $29
each
80 units from January 8 purchase ($27 each) = 80 units sold at $27 each
Cost of Goods Sold = (250 units x $29) + (80 units x $27)
Cost of Goods Sold = $7,250 + $2,160
Cost of Goods Sold = $9,410
Step 2: Calculate the ending inventory using FIFO:
Ending Inventory = Units on hand at the end of the month
Ending Inventory = 325 units
Ending Inventory and Cost of Goods Sold using Average Cost:
Step 1: Calculate the weighted average cost per unit:
Total Cost of Inventory = (Units at the beginning of the month x Cost per
unit) + (Units purchased x Cost per unit)
Total Cost of Inventory = (250 units x $24) + (125 units x $27) + (250 units x $29)
Total Cost of Inventory = $6,000 + $3,375 + $7,250
Total Cost of Inventory = $16,625
Total Units = Units at the beginning of the month + Units purchased
Total Units = 250 units + 125 units + 250 units
Total Units = 625 units
Weighted Average Cost per Unit = Total Cost of Inventory / Total Units
Weighted Average Cost per Unit = $16,625 / 625 units
Weighted Average Cost per Unit = $26.60 per unit
Step 2: Calculate the cost of units sold using the weighted average cost:
January 10 Sale: 170 units
Cost of Goods Sold = 170 units x $26.60
Cost of Goods Sold = $4,522
Step 3: Calculate the ending inventory using the weighted average cost:
Ending Inventory = Units on hand at the end of the month x Weighted
Average Cost per Uni
Ending Inventory = 325 units x $26.60
Ending Inventory = $8,645
Summary:
Using FIFO:
Ending Inventory: 325 units
Cost of Goods Sold: $9,410
Using Average Cost:
Ending Inventory: $8,645
Cost of Goods Sold: $4,522
Please note that the calculations assume no other transactions or adjustments during the month and are based on the information provided.
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Two firms are developing a product for a market of fixed size. The longer the firm spends on the development, the better the product is. But the firm releasing the product first has an advantage: a customer may not switch to a better product once got used to a worse one. We model the situation in the following way. A firm that releases first at time t gets h(t) share of the market, leaving the remainder to the competitor. We assume that h(t) is an increasing function of t with h(0) = 0 and h(T) = 1. If the firms release simultaneously, each gets half of the market. Represent this situation as a strategic game and find its Nash equilibria.
The Nash equilibrium of the strategic game is for both firms to release simultaneously at the start of the time period, with each firm obtaining a market share of 0.5.
To represent the situation as a strategic game, we can define the following:
Players: Two firms, Firm 1 and Firm 2.
Actions: Each firm chooses a release time, t, within a given time period.
Payoffs: The market share each firm obtains based on their release time.
Assumptions:
The longer a firm spends on development, the better the product and the higher the market share it obtains.
The firm that releases first has an advantage, as customers may not switch to a better product once they are used to a worse one.
The market size is fixed.
Now, let's define the payoffs for each firm:
Firm 1's Payoff:
If Firm 1 releases at time t and Firm 2 releases simultaneously or later, Firm 1's market share is h(t), and Firm 2's market share is 1 - h(t).
Firm 2's Payoff:
If Firm 2 releases at time t and Firm 1 releases simultaneously or later, Firm 2's market share is h(t), and Firm 1's market share is 1 - h(t).
If both firms release simultaneously, they each get half of the market, so their market shares are 0.5.
To find the Nash equilibria of this strategic game, we need to identify the release times for each firm that maximize their payoffs given the actions of the other firm.
Since h(t) is an increasing function of t, each firm would prefer to release earlier to maximize its market share. However, if one firm releases earlier than the other, it gains an advantage, so there is an incentive for both firms to release as early as possible.
Therefore, the Nash equilibrium of this strategic game is for both firms to release simultaneously at the beginning of the time period, where they each receive a market share of 0.5. This is the only stable outcome where neither firm has an incentive to deviate from their chosen action.
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What are three things you will need each month to balance your checking account?
Answer:
Explanation:
Balancing your account means adding up all of your debits and credits (deposits and withdrawals), then adding the result to your statement's starting balance. The result will be your current account balance. Still, balancing your checking account is a good practice.
why is business-to-consumer e-commerce convenient? a. shoppers can purchase online any time they want. b. bricks-and-mortar stores remain open longer. c. it's easier for customers to drive to the store's location. d. consumers can schedule a call to ship products.
Business-to-consumer e-commerce convenient is option (A), shoppers can purchase online any time they want.
Business-to-consumer or Direct to consumer is the business model of selling products directly to customers and thereby bypassing any third-party retailers, wholesalers, any other middlemen.
The benefit of business-to-consumer in the e-commerce models, choose from wide range of goods and services, enjoy simplicity and comfort, through B2C save money and time.
In the e-commerce convenient for buying goods or services without creating physical limitations. It requires just a few clicks from the comfort of your home to gain the merchandise.
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Why is important for all business majors to study strategic management since most students will never become a chief executive officer nor even a top manager in a large company
Answer:
it is good that all business majors study this regardless, as strategic management takes place at several/multiple levels in any organization they may find themselves
Explanation:
Even though most students may never become CEOs or branch manager or department heads of departments, it is good they study strategic management as strategic management provides directions through the development of plans on how to achieve an organizations set goals.
Several other levels in an organization may require the knowledge of strategic management. These employees in these other job roles could be asked to complete strategic plans for their various departments. Also at all levels, employees are asked to make contributions towards their organizations strategic plan. This makes it important for all business majors to study.
kimmy is the assistant manager in the marketing communications area. last week, she was given the additional responsibility of overseeing the work of the public relations department. this is an example of .
Kimmy is the assistant manager in the marketing communications area. Last week, she was given the additional responsibility of overseeing the work of the public relations department. This is an example of job enlargement.
Job enlargement approach growing the scope of a job via extending the range of its activity duties and duties normally within the identical stage and periphery.
Task expansion includes combining diverse sports to the same degree inside the corporation and including them in the prevailing process.
The definition of job enlargement is including extra sports within the same stage to a present position.
This means that a person will do greater, distinct sports of their current process.
As an example, an employee who will now additionally control her very own making plans wherein this became previously finished by using her manager.
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think about what it takes for uber to create a two-sided market for ride services. detail how uber gained the interest and trust of its customer base. also, how uber gained the interest and trust of its drivers
Uber created a two-sided market for ride services by building a platform that connects riders and drivers.
They gained the interest and trust of its customer base and drivers through various marketing strategies, incentives, and safety measures.
To elaborate, Uber was able to create a two-sided market by leveraging its innovative app-based platform that enabled seamless connections between riders and drivers. This not only offered a convenient alternative to traditional taxis but also provided additional income opportunities for drivers.
Uber also gained the interest and trust of its customers by offering competitive pricing, a seamless user experience, and a range of safety features such as background checks, GPS tracking, and driver ratings. In addition, Uber's incentives and promotions helped build customer loyalty and generate positive word-of-mouth.
Similarly, Uber gained the interest and trust of its drivers by offering flexible working hours, higher earnings potential, and the ability to work as independent contractors. Uber also implemented driver-centric policies such as insurance coverage, in-app safety features, and driver support services.
Additionally, Uber's referral programs and other incentives helped attract and retain drivers, while its driver ratings system provided a sense of accountability and transparency. Uber's success in creating a two-sided market was due to its ability to balance the needs of both riders and drivers while offering a safe and reliable transportation option.
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can someone recommend me some research topics for economics.would really appreciate if it is in a list
Explanation:
here are some research topics for economics::
1. The effect of income changes on consumer choices
2. The effect of labor force participation on the economy and budget – A comparison
3. The impact of marital status on the labor force composition: A case of [your country] economy
4. The difference in the consumption attitude in [your country] over the last decade – Critical analysis of consumer behavior trends
5. The relationship between salary levels and ‘economic convergence’ in [your country]?
6. Analyzing salary inequalities in [your country] and the forces behind such inequalities.
7. The evolution of consumption in [your country] over the last 10 years: Trends and consumer behavior.
8. Dynamics of the Gini index as a reflection of the problem of inequality in income
9. Cashless economy: The impact of demonetization on small and medium businesses
10 Privatization of Public Enterprises and its implications on economic policy and development
Question 5 of 10
Mabel, an accountant, discovers that an analyzed transaction has not been
entered into the books. At what step in the accounting cycle is she most likely
to make this discovery?
A. While preparing journal entries
B. While calculating trial balances
C. While posting to the general ledger
D. While preparing a worksheet
Answer: B.
Explanation:
While calculating trial balances
Navel County Choppers, Inc., is experiencing rapid growth. The company expects dividends to grow at 19 percent per year for the next 8 years before leveling off at 5 percent into perpetuity. The required return on the company’s stock is 10 percent. If the dividend per share just paid was $1.52, what is the stock price?
Answer:
Price of stock = $74.636
Explanation:
The Dividend Valuation Model is a technique used to value the worth of an asset. According to this model, the worth of an asset is the sum of the present values of its future cash flows discounted at the required rate of return.
The price of the stock will the sum of the present value of the growing annuity and the growing perpetuity
Present value of dividend from year 1 to 8
The PV of the growing annuity = A/r-g) ( 1- (1+g)/(1+r)^n )
A- dividend payable now , r- required of return, g-growth rate, number of years
PV = 1.52×(1.19)/(0.1-0.19) × (1 -(1.19/1.1)^8)= 17.605
PV of Dividend from year 9 and beyond:
P = D× g/(r-g)
This will be done in two steps:
Step 1: PV(in year 8)of dividend = (1.52× 1.19^8× 1.05)/(0.1-0.05)= 122.250
Step 2 : PV in year 0 = 122.25× 1.1^(-8)= 57.030
Price of stock = 17.60 + 57.030= 74.63
Price of stock = $74.636
The law called "Check 21" gives banks the option
Answer: EIther B or D if i remember correctly, its B
Explanation:
Furniture Depot sells Gail a bedroom suite on credit. Gail fails to make the scheduled payments for six months. Furniture Depot sends her a letter, asking for immediate payment. This is a violation of?
Furniture Depot sending Gail a letter asking for immediate payment after she failed to make scheduled payments for six months could potentially be a violation of the Fair Debt Collection Practices Act (FDCPA) in the United States.
The FDCPA is a federal law that governs how debt collectors can communicate with consumers and sets forth certain rules and regulations to protect consumers from abusive, deceptive, or unfair debt collection practices. The FDCPA prohibits debt collectors from using harassing, misleading, or deceptive tactics in their communication with consumers, including sending false or misleading letters or threatening legal action that they do not intend to take. Sending a letter demanding immediate payment without proper documentation or validation of the debt could potentially be considered a violation of the FDCPA.
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What happens to a relationship without empathy?
People who lack empathy are more likely to have problems in their relationships with other people. It can lead to arguments when other people feel that their feelings and needs are not understood.
Empathy is the ability to put oneself in another person's shoes and comprehend or experience what they are going through from within their frame of reference. A wide range of social, cognitive, and emotional processes that are primarily concerned with understanding others are included in definitions of empathy.
Cognitive empathy, emotional empathy, bodily empathy, and spiritual empathy are different types of empathy. Greek is the source of the English term empathy. In 1903, Theodor Lipps applied psychology to the German aesthetic concept of Einfühlung ("feeling into").
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1. What are the purposes of a checking account?
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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Please select the word from the list that best fits the definition Enjoy music in their free time
Answer:
Auditory Learners
Explanation:
I got it right on edge 2022.
What accounts are affected. issued check $644 to pay for an advertisement
Answer:
Bank and Advertisement accounts
Explanation:
Journal entries
Advertisement A/c Dr $644
To Bank A/c $644
(Being advertisement expenses made by cheque)
Bank and Advertisement accounts are affected
Say you are grocery shopping and you come across an item for which the unit price is not labeled. How can you find the
unit price on your own?
Which of the following would cause a decrease in supply of good? . A- the price of a complementary good decreases B- the price paid for a labor decreases c-the price of a substitute good increases D- the price of Key raw material increases
Answer:
D- the price of Key raw material increases
Explanation:
Supply is the size or quantity of goods and services that sellers are willing to avail to the market at a set price. By supplying products and services, suppliers satisfy a need in society and also make profits. As business people, suppliers will be happy to sell more when the profit margins are high.
An increase in the price of a key raw material increases the cost of production. Suppliers may lack sufficient resources to purchase the raw material at a high price, which decreases production. Again, the increased cost of production reduces the profits margin from the product. A reduction in profits margin makes a business unattractive to suppliers.
The other options decrease the cost of production, which results in a higher output.
how can you say that office is an information centre?
Answer:
hope this helps
Explanation:
An office is an information center which provides information relating to business transactions. Such information is very useful. It is used by management for the purpose of planning, organizing, staffing, directing and controlling.Information Center: The office serves as an information centre. It collects information from sources like invoices, letters, memos, agreements, vouchers etc., and protects them in safe mode on the basis of their importance for future reference.It is used by management for the purpose of planning, organizing, staffing, directing and controlling. Office not only keeps record of information but also plays the role of reliable channel of communicating the information. It is required for smooth functioning of the organization.
Answer:
Explanation:
I think information centre is designed specifically for storing, processing, and retrieving information for dissemination at regular intervals. if the office is doing so then you can say that it is information centre.
In 2019, Concord sold 1000 units at $500 each, and earned net income of $40000. Variable expenses were $400 per unit, and fixed expenses were $210000. The same selling price is expected for 2020. Concord’s variable cost per unit will rise by 10% in 2020 due to increasing material costs, so they are tentatively planning to cut fixed costs by $10000. How many units must Concord sell in 2020 to maintain the same income level as 2019? A. 1000 B. 4000 C. 2667 D. 2000
Concord must sell 4,000 units in 2020 to maintain the same income level as 2019.
So, the correct answer is option B.
How to maintain the same income levelTo maintain the same income level in 2020 as in 2019, Concord must determine the required number of units to sell.
We'll use the given information to calculate this:
2019 information:
- Units sold: 1,000
- Selling price: $500
- Variable expenses: $400 per unit
- Fixed expenses: $210,000
- Net income: $40,000
2020 information:
- Selling price: $500 (unchanged)
- Variable expenses: $400 × 1.10 = $440 per unit (due to a 10% increase)
- Fixed expenses: $210,000 - $10,000 = $200,000 (due to a planned $10,000 cut)
To maintain the same net income level in 2020, we can use the formula:
Net Income = (Selling Price ×Units Sold) - (Variable Expenses × Units Sold) - Fixed Expenses $40,000 = ($500 ×Units Sold) - ($440 × Units Sold) - $200,000
Now, we can solve for Units Sold:
$40,000 + $200,000 = ($500 - $440) × Units Sold $240,000 = $60 ×Units Sold Units Sold = 240,000 / 60 = 4,000
The answer is option B. 4,000
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Which one of these items is NOT a processed material?
O Paper
O Steel
O Sand
O Glass
Can banks keep charging overdraft fees?.
It is legal for financial institutions to charge overdraft fees in instances when there isn't enough money in a bank account to cover a transaction.
Overdraft charges arise whilst you don't have enough cash in your account to cowl your transactions. The fee for overdraft fees varies with the aid of the bank, however, they'll cost around $35 consistent with the transaction. those expenses can add up fast and might have ripple consequences which can be high-priced. Overdraft charges can be seen as a manner to compensate financial institutions for the risk they take by permitting customers to spend money they don't have—at least in the meantime. these charges represent a vital revenue circulated for many economic establishments, so it additionally blessings the banks.
you could commonly anticipate banks to price a maximum of four to six overdraft charges consistent with day according to account, although some outliers do allow as many as 12 in at some point.
you can report a lawsuit against a bank based totally on their overdraft expenses. consumers must have the ability to join a bank account that offers affordable and clear bank overdraft expenses. A purchaser fraud safety lawyer can help assert your rights.
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Explain the difference between a job interview and a interview
Answer:
An interview is a procedure designed to obtain information from a person through oral responses to oral inquiries. An interview is the way of face to face conversation between the interviewer and the interviewee, where the interviewer seeks replies from the interviewee for choosing a potential human resource.
Explanation:
To avoid debt, a new business owner should have enough projected revenue to cover expences for the first
A) 6 months
B) year
C) 2 years
D) 5 years
⚠️THIS IS FOR SCHOOL. NO TROLL ANSWERS OR LESS YOU WILL BE REPORTED.⚠️
Answer:
b) a year
Explanation:
Firms are more likely to effectively leverage their technologies in new markets if they identify new applications of the technology by identifying the ________ mode to generate ________ from ________ markets.
Firms are more likely to effectively leverage their technologies in new markets if they identify new applications of the technology by identifying the best mode to generate profits from new markets. best, profits, new the sentence.
What are Firms?Generally, Firms are simply defined as the business as an essential component of any economic system in which individuals satisfy needs via the division of labor and the trade of products and services.
In conclusion, Firms are business-oriented organizations.
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the main units of local government.
Answer:
There are four main types of local government- counties, municipalities (cities and town), special districts, and school districts. Counties are the largest units of local government, numbering about 8,000 nationwide. They provide many of the same services provided by cities.
Explanation:
A cash discount representing a reduction in the amount to be paid by a credit customer if the customer pays within a specified period of time is also referred to as a(n) discount.
It should be noted that a cash discount representing a reduction in the amount to be paid by a credit customer can also be called Cash discount.
What is a discount?
Discount can be regarded as a reduction in price of a good or service.
As a customer, one can ask manager for a discount in case of damaged item and other cases.
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MOTIVATION TIME
Success doesn’t just find you. You have to go out and get it.
Answer:
thnak u that made my day
Explanation:
Using the same quiz format, steps required to answer questions, and submission deadlines for both pars and kcs are examples of which of the eight golden rules for hci design?.
Examples of the eight golden standards for hci design's Strive for consistency include using the same quiz structure, procedures needed to answer questions, and submission dates for both pars and kcs.
In interface design, every component, theme, animation, and action should stay consistent throughout the experience. The user will probably be perplexed, for instance, if the interface alters the button's color and Strive for consistency font while the user is using it. The concept of consistency extends beyond a single application. For instance, websites frequently share basic elements like the corporate logo in the upper left corner and the top menu. These patterns have emerged through time, been described by usability professionals, and incorporated by designers into common practice.
Between pages of one application or between still-related applications, Strive for consistency is required. The key is that authorized users, including the majority of inexperienced users, can still view sites that are seen as still being in dialogue or as still having a connection to the program in use. Users won't be afraid to switch applications as a result of feeling at ease with the application.
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The question was incomplete. Check below the full question.
Using the same quiz format, steps required to answer questions, and submission deadlines are examples of which of the Eight Golden Rules for HCI Design?
a. Supporting internal locus of control
b. Offering informative feedback
c. Strive for consistency
d. Reducing short-term memory load
What is a Capital Gain on an investment?
Money that you are paid for letting others borrow your money for a period of time.
An increase in the number of investment types you add to your portfolio.
Increase in value of an equity investment that is a result of appreciation of that asset.
Money that you are paid as a result of owning stock in a company that is earning a profit.
Profits from investments are referred to as capital gains. Capital gains are "realized" when investments are sold for more than they were originally purchased, at which point you must pay taxes on the profit.
What exactly are capital gains and how are they taxed?Most investments that are sold after being held for at least a year are subject to capital gains taxes. A Schedule D form is used to record the taxes.
Are capital gains equivalent to income?Based on the source of the profit, capital gains and other investment income are different. Capital gains are the profits made when an investment is sold for more money than it cost to buy it. Investment income is the gain from dividends, interest payments, and capital gains.
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