The sale or transfer of accounts receivable to raise funds is called a. discounting. b. collateralizing. c. pledging. d. factoring
Answers
The sale or transfer of accounts receivable to raise funds is called factoring
Option D is correct.
Factoring is the sale or transfer of accounts receivable to a third party (the factor) at a discount, in order to raise funds for the business. The factor then assumes responsibility for collecting the payments from the customers who owe the receivables.
Factoring allows a business to access cash quickly, without having to wait for customers to pay their invoices. It can also help to manage credit risk, as the factor assumes the risk of non-payment by the customers.
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The correct answer is d. factoring. Factoring is the process of selling or transferring accounts receivable to a third party, known as a factor, in exchange for immediate funds.
The factor then collects payment from the debtor on behalf of the original creditor. This is often done to improve cash flow or to raise funds for business operations.The sale or transfer of accounts receivable to raise funds is called d. factoring. In factoring, a business sells its accounts receivable to a third party, known as a factor, who provides immediate cash to the business. This helps the business improve its cash flow without waiting for the customers to pay their outstanding invoices.The correct answer is d. factoring.
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Related Questions
"Consider the motives of the media reporting on the polls. Conservative to their candidates or portray outlier polls as the true state of the race. And and liberal media outlets are more likely to report on polls more favorable even nonpartisan media outlets know that 'New Poll Shows Race Hasn't Changed' isn't a great headline. Additionally, a media company that n findings." sponsors a poll is probably going to want to hype up their own - Harry Enton, 13 Tips for Reading General Election Polls Like a Pro, 9/2/2016, fivethirtyeight.com After reading the tip above, respond to A, B, and C below: (A) Describe the behavior the author recommends consumers demonstrate in response to polls. (B) In the context of the scenario, explain how the behavior described in part A affects elections. (C) In the context of the scenario, explain how the interactions between media and voters affect government.
Answers
Consumers should approach polls with skepticism and critical thinking, analyzing methodology, biases, and the polling organization's track record. This helps prevent manipulation, informs voting decisions, and impacts the government.
(A) The author recommends that consumers demonstrate skepticism and critical thinking when it comes to polls. Instead of accepting poll results at face value, consumers should analyze the methodology, sample size, potential biases, and track record of the polling organization. By being informed and discerning, consumers can better understand the limitations and potential biases in poll reporting.
(B) In the context of the scenario, the behavior described in part A can have a significant impact on elections. When consumers approach polls with skepticism and critical thinking, they are less likely to be swayed by sensationalized or biased reporting. This helps prevent the manipulation of public opinion based on skewed or outlier polls. It allows voters to make more informed decisions and prevents polls from unduly influencing the outcome of an election.
(C) The interactions between media and voters in the context of polls can have implications for government. When media outlets prioritize sensational headlines or favorability towards a particular candidate, it can influence public perception and shape the narrative around elections. This, in turn, may affect voter turnout, campaign strategies, and the overall political landscape.
However, when consumers demonstrate skepticism and critical thinking, they can mitigate the potential impact of biased reporting and ensure that their decision-making is based on accurate and reliable information, ultimately fostering a more informed electorate and potentially impacting the government's composition and policies.
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the personal auto policy (pap) provides physical damage coverage for a covered auto that is damaged when the car's driver loses control and overturns the car on a sharp curve. this coverage is called
Answers
The coverage you are referring to is called Collision Coverage.
Collision coverage is a type of physical damage coverage that pays for damage to your car if you are involved in an accident, regardless of who is at fault. This includes damage caused by overturning your car on a sharp curve. Collision coverage is typically purchased as part of a comprehensive auto insurance policy. Comprehensive coverage is a type of physical damage coverage that pays for damage to your car caused by events other than a collision, such as theft, vandalism, and hail damage. The amount of collision coverage you purchase will determine how much your insurance company will pay for damage to your car. You can choose to purchase a higher or lower level of collision coverage, depending on your budget and risk tolerance.
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Refer to Exhibit 20-2. Total Utility for the first two oranges is
A. Cannot Be Determined
B. 36 utils
C. 40 Utils
D. 20 Utils
Answers
The correct option is (B) 36 utils. Total utility is the sum of the marginal utilities for each unit of a good consumed.
What is good consumed?Goods are goods that are consumed to satisfy human wants and needs. Goods can be either tangible or intangible. Examples of tangible goods include food, clothing, furniture, and cars. Examples of intangible goods include services, such as haircuts, entertainment, and consulting. Goods can also be either durable or non-durable. Durable goods are goods that can be used for a long period of time, such as furniture and cars.
In the exhibit, the first orange has a marginal utility of 10, and the second orange has a marginal utility of 26. Therefore, the total utility for the first two oranges is 10 + 26 = 36 utils.
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which word best describes the writing process in business writing ?
Answers
Answer: Brainstorm Pre-write. Write rough draft. Peer-review. Revise ideas. Edit Publish Establish constructive purposes for student writing. Find real audiences, beyond the teacher, for students' writing
A car manufacturer is offering the choice of a 0.2% loan compounded monthly for 72 months or $1800 cash back on the purchase of a $20,500 new car. Completo parts (a) through (c) below.
(a) If a car buyer takes the 0.2% loan offer, how much will the monthly payment bo?
The car buyer's monthly payment will be $
(Do not round until the final answer. Then round to the nearest cont as needed.)
Answers
Answer:
$286.5
Explanation:
Given the following:
Principal (P) = $20,500
Period(n) = 72 months
Rate(r) = 0.2% = 0.002/12 = 0.000166666666
Monthly payment (M) =?
M = P [ r / (1 - (1 + r)^-n) ]
M = 20500[(0.000166666666) / (1 - (1+0.000166666666)^-72)
M=20500[(0.000166666666) / 1 - (1.000166666666^-72)
M= 20500[(0.000166666666) / 0.01192729912821
M = $20500 [ 0.01397354624952]
M = $286.457698115328
M = $286.5
Define what liquidity means by completing the following sentence. Liquidity refers to an asset which can be readily used to pay for current
Answers
Answer:
Liabilities
Explanation:
'Liquidity' is described as the 'asset's property of being able to be sold without affecting its value or the degree to which it can be easily converted into cash.' If the liquidity ratio of a company is high, then its ability to pay off its current liabilities is high as well. Therefore, the company can pay off the debtors with immediate effect and thus, it would be able to meet its short-term financial commitments. This is the key reason for people's high investments in the companies having a higher liquidity ratio as they analyze the debt paying capability of the company first.
Rudy was shopping for a savings account. When he visited banks, they gave him clearly written information about the accounts. What act were the banks following?
FDIC Act
Truth in Lending Act
Truth in Savings Act
Expedited Funds Availability Act
Answers
The act that the banks were following is the FDIC act. So the correct option is A
What is the FDIC act?
In order to ensure stability and public trust in the country's financial system, Congress established the Federal Deposit Insurance Corporation (FDIC), an independent organization. The FDIC administers receiverships, makes big and complex financial institutions resolvable, and evaluates and supervises financial institutions for safety, soundness, and consumer protection in order to carry out its mandate.
The FDIC works in the background to guarantee the financial security of American depositors. Both the FDIC and the banking industry are undergoing change. In order to help staff, we are leading new initiatives ranging from professional programs to workforce diversity efforts. We are also tackling the changing circumstances of 21st-century banking.
Therefore, the correct option is A.
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Which answer provides the best definition of a subsistence crop? crops raised to earn a profit for the family food items harvested from the wilderness crops grown to trade for hardware and lumber plants and animals grown to keep a family alive?
Answers
Answer:
plants and animals grown to keep a family alive
Explanation:
Subsistence farming happens when farmers grow food crops and rear animals just for the needs of themselves and their families. In this type of agriculture, farm output is targeted to for the survival of the family and is mostly for local requirements and it has little or no surplus. Planting decisions are made principally towards the need of the family. They are strictly for family maintenance
Pretty sure its:
plants and animals grown to keep a family alive
Write a generalization about the relationship between price and the quantity supplied
Answers
Answer:
PRICE CHANGES
Price and quantity supplied are directly related. As price goes down, the quantity supplied decreases; as the price goes up, quantity supplied increases. Price changes cause changes in quantity supplied represented by movements along the supply curve.
Select all that apply Describe data processing in accounting by selecting the correct statements below. (Check all that apply.) Multiple select question. Batch processing accumulates source documents for a period of time and then processes them all at once. Online processing enters and processes data as soon as source documents are available. A disadvantage of online processing is timeliness. An advantage of online processing is timeliness. Accounting systems differ with regard to how input is entered and processed. An advantage of batch processing is the lack of updated databases for management to use when making decisions.
Answers
Answer:
I. Batch processing accumulates source documents for a period of time and then processes them all at once.
II. Online processing enters and processes data as soon as source documents are available.
III. An advantage of online processing is timeliness.
IV. Accounting systems differ with regard to how input is entered and processed.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).
A financial statement is a written report that quantitatively describes a firm's financial health. Under the financial statements is a cash-flow statement, which is used to record the cash inflow and cash equivalents leaving a business firm.
Cash flow statement, also known as the statement of cash flows, contains financial information about operating, financial and investing activities.
Hence, activities that involve the production or purchase of merchandise and the sale of goods and services to customers, including expenditures related to administering the business, are classified as operating activities. All the net income or cash from all operational business activities of a company is recorded as operating activities.
The correct statements that best describes data processing in accounting includes;
I. Batch processing accumulates source documents for a period of time and then processes them all at once.
II. Online processing enters and processes data as soon as source documents are available.
III. An advantage of online processing is timeliness.
IV. Accounting systems differ with regard to how input is entered and processed.
When sales were down for the third month in a row, the sales manager called a meeting of all sales staff in order to analyze the situation and attempt to come up with some solutions. This example illustrates:
Answers
Answer:
problem-focused coping.
Explanation:
Problem-focused coping is that kind of coping aimed at resolving the stressful situation or event or altering the source of the stress.
A company had the following transactions during December: Sold merchandise on credit for 5,000
Answers
Here are the general journal entries to record the transactions. Every transaction affects two accounts, one is debited and the other one is credited.
Dec. 1:
Debit: Accounts Receivable (Customer A) $5,000
Credit: Sales $5,000
Debit: Cost of Goods Sold $3,500
Credit: Inventory $3,500
Dec. 3:
Debit: Cash $720
Credit: Inventory $720
Dec. 4:
Debit: Accounts Payable (Supplier B) $2,600
Credit: Purchases $2,600
Credit: Inventory $2,600
Note: The terms "3/10, n/30" refer to a discount that the customer can take if they pay within 10 days (3%) and the transactions is due within 30 days from the date of the sale. The terms "1/20, n/30" refer to a discount that the supplier is offering if the company pays within 20 days (1%) and the transactions is due within 30 days from the date of purchase.
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The complete Question is:
The perpetual inventory system and had the following transactions during December.
Dec. 1 Sold merchandise on credit for $5,000, terms 3/10, n/30. The items sold had a cost of $3,500.
Dec. 3 Purchased merchandise for cash, $720.
Dec. 4 Purchased merchandise on credit for $2,600, terms 1/20, n/30.
Prepare the general journal entries to record these transactions.
The managers at Alpha Corp. are closely observing trends in the industry. They are trying to identify factors that might have a significant influence on Alpha's business operations. Which of the following concepts is illustrated in the scenario?
Answers
Answer:
Environmental scanning
Explanation:
Environmental scanning is when information is being gathered about external forces inorder to know the factors that have impacts on a business. It is also the gathering of information on situations which allows a business create and build good customer relationship.
Business environments are dynamic and could have impacts on the success of a firm hence requires business scanning inorder to align with the trend. One the purpose of environmental scanning is to provide future business directions to an organization and also assist in analyzing the strength, weakness, opportunities and threats to an organization.
Factors that might have significant influence on business operation includes but not limited to social and demographic factors, how competitors are reacting, technology, how well customers are reacting to the company's products, creditors, legal issues etc.
if there were no organized financial markets, how would an entrepreneur acquire resources to develop and produce a new product?
Answers
In the absence of organized financial markets, an entrepreneur seeking resources to develop and produce a new product would rely on alternative methods. Here's a step-by-step explanation of how they can acquire resources:
1. Personal Savings: The entrepreneur can use their own personal savings as an initial investment to finance the development and production of the new product.
2. Family and Friends: The entrepreneur can seek financial assistance from family members and friends who believe in the potential of the new product and are willing to support the venture. They can either provide loans or invest directly in the business.
3. Crowdfunding: The entrepreneur can use crowdfunding platforms to pitch their idea and gather small investments from a large number of people interested in supporting the project. This can be done through rewards-based or equity-based crowdfunding.
4. Angel Investors: The entrepreneur can approach individual investors, known as angel investors, who have a high net worth and are willing to provide financial support to promising start-ups in exchange for equity or convertible debt.
5. Venture Capital: The entrepreneur can seek funding from venture capital firms that invest in high-growth, high-potential start-ups in return for equity ownership. This often involves presenting a solid business plan and demonstrating the potential for significant returns on investment.
6. Business Grants and Competitions: The entrepreneur can apply for business grants offered by government agencies, foundations, or private organizations. They can also participate in business plan competitions that provide cash prizes and other resources to winners.
7. Trade Credit: The entrepreneur can negotiate favorable payment terms with suppliers, such as extended payment terms or deferred payments, to acquire the necessary resources for producing the new product without immediate financial outlays.
By exploring these options, an entrepreneur can secure the necessary resources to develop and produce a new product without relying on organized financial markets.
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If there were no organized financial markets, an entrepreneur would acquire resources to develop and produce a new product through personal savings, loans from friends and family, or by seeking out venture capitalists or angel investors who are willing to invest in their idea. Without organized financial markets, it may be more challenging for an
entrepreneur to secure the necessary capital to fund their venture. However, there are still options available that would allow them to raise the necessary funds to get started.The first step an entrepreneur would need to take is to identify
their funding needs. They would need to determine how much capital is needed to develop and produce their product, as well as cover any initial overhead costs. Once they have a clear understanding of their funding needs, they could
then begin to explore different funding options available to them. This could include seeking out investors or applying for loans through various lending institutions. Another option would be to explore crowdfunding, which has become an increasingly popular way for entrepreneurs to raise capital. Through crowdfunding, an entrepreneur can pitch their idea to a large group of individuals and ask them to contribute small amounts of money to help fund the venture.Overall, while the absence of organized financial markets may pose some challenges for entrepreneurs seeking to fund a new venture, there are still various options available to them. With careful planning and persistence, an entrepreneur can secure the necessary capital to turn their idea into a successful business venture.
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1. What is 3-period moving average?
2. Calculate the MAD in each forecast and determine which method is more accurate.
Weighted 3-period moving average using 0. 5 for the most recent period, 0. 3 for the second recent period, and 0. 2 for the third recent period. Calculations of weighted moving averages for the year 2021
=1340×(0. 5+0. 3+0. 2)
=1340×(1)
=1340
Calculations of weighted moving averages for the year 2020
=1060×(0. 5+0. 3+0. 2)
=1060×(1)
=1060
Calculations of Weighted Moving Averages for 2019 =640×(0. 5+0. 3+0. 2) =640×(1) =640
EXHIBIT 1: AVERAGE ORBER PRICAC Note: *Average total order includes the cost of delivery: "Snacks cost uMunch an avarage of $4 per Source: Company files EXHIBIT 2: PROJECTED TOTAL MONTHLY APP ORDERS EXHIBIT 1: AVERAGE ORDER PRICING Note: "Average total order includes the cost of delivery; "*Snacks cost uMunch an average of $4 per person. Source: Company files EXHIBIT 2: PROJECTED TOTAL MONTHLY APP ORDERS
Answers
We can see here that the 3-period moving average is a simple forecasting technique that calculates the average of a variable over a specific period of time.
What is MAD?MAD stands for Mean Absolute Deviation. It is a statistical measure used to quantify the dispersion or variability of a set of data points. The MAD provides information about the average absolute difference between each data point and the mean of the dataset.
All values
Period 3 (2021) = 1340
Period 2 (2020)= 1060
Period 1 (2019) = 640
Mean average = 1340 + 1060 + 640 = 3040/3 = 1013.33
1340 - 1013.33 = 326.7
1060 - 1013.33 = 46.7
640 - 1013.33 = - 373.3
Thus, MAD = 326.7 + 46.7 - 373.3 = 0.1
= 0.1/3 = 0.0333.
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In the long run some firms will respond by: (answer) Until
(Answer2)
A-entering the industry,exiting the industry, B-producing less
chicken and running at a loss C-produncing more chicken and earning
8. Short-run and long-run effects of a shift in demand Suppose that the chicken industry is in long-run equilibrium at a price of $5 per pound of chicken and a quantity of 150 million pounds per year.
Answers
Firms may enter or exit the industry based on changes in demand, adjusting production levels to establish a new long-run equilibrium.
What are the long-run responses of firms in the chicken industry to changes in market conditions?In the long run, firms in the chicken industry will respond by entering or exiting the industry based on market conditions. If there is an increase in demand for chicken, firms may respond by entering the industry to capitalize on the opportunity for profit.
This would lead to an increase in production and potentially lower prices as more firms compete. Conversely, if there is a decrease in demand, firms may choose to exit the industry to avoid losses. This would result in a decrease in production and potentially higher prices as supply decreases.
The long-run equilibrium of the chicken industry is achieved when the price and quantity reach a stable point. In this case, the equilibrium price is $5 per pound of chicken and the equilibrium quantity is 150 million pounds per year.
Any shift in demand, such as an increase or decrease, would cause a temporary imbalance in the market. Firms would then respond to this shift in demand by adjusting their production levels and potentially entering or exiting the industry until a new long-run equilibrium is established.
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Explain how the U.S. economic system differs from the economic system in Cuba.
Answers
For the question below, write an explanation of the short-run effect (including the determinant of AD or AS that is causing the shift, the line that shifts (AD or AS), the direction of the shift (left or right), and the impact on output and price level (increase or decrease) and submit a properly drawn and labeled aggregate demand and aggregate supply graph for the scenario. Make sure your name and assignment number are written on each page of graphs you submit. All text must be written in the text box provided.
Congress passes a sweeping health care reform bill that provides free medical insurance for all Americans. Once the President signs it into law, the government will provide every American with a policy that will pay up to 80% of every medical bill a patient incurs. This change does not impact consumer income.
Answers
Explanation:
The passage of the health care reform bill would shift the aggregate demand (AD) curve to the right in the short run. This is because with the new policy, people would be able to afford more health care services, leading to an increase in the quantity of goods and services demanded at every price level. This would result in an increase in both output and the price level in the short run.
On the other hand, the aggregate supply (AS) curve would remain unchanged since the bill does not affect the costs of production or the available inputs.
Overall, the short-run impact of the health care reform bill would be an increase in output and a higher price level.
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Why is it necessary to prepare a Trial Balance?
A Trial Balance is prepared to check whether the debit balance ___ the credit balance, which is the primary goal of accounting?
Answers
Answer:
Hello! Your answer shall be, BELOW
Explanation:
Preparing a trial balance for a company serves to detect any mathematical errors that have occurred in the double-entry accounting system. If the total debits equal the total credits, the trial balance is considered to be balanced, and there should be no mathematical errors in the ledgers.
A Trial Balance is prepared to check whether the debit balance FOR the credit balance, which is the primary goal of accounting?
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Answer:
Equals
Explanation:
List one type of appropriate workplace verbal communication
Answers
Answer:
Explanation:
Call centers are the appropriate workplace verbal communication
Customer value propositions should be specific with respect to tangible outcomes.
(A) True
(B) False
Answers
(B) False Customer value propositions should be specific with respect to tangible outcomes. The statement is incorrect. Customer value propositions should be specific and clear about the value and benefits.
That customers will receive from a product or service. While tangible outcomes can be part of the value proposition, it is not necessary for the proposition to be exclusively focused on tangible outcomes. Customer value propositions can include a combination of tangible and intangible benefits. Tangible outcomes refer to measurable and physical results, such as cost savings, increased efficiency, or improved performance.
Intangible outcomes, on the other hand, are more subjective and relate to emotional or psychological benefits, such as convenience, status, or peace of mind. A well-crafted customer value proposition considers both tangible and intangible outcomes, addressing the needs, desires, and pain points of the target customers. It should clearly communicate the unique value and benefits that customers will experience by choosing a particular product or service.
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Some employers offer forms of employer compensation in addition to pay these are usually things like healthcare retirement and paid vacation
Answers
Answer:
True
Explanation:
Often called employee welfare package, is a term that refers to all other forms of employer compensation in addition to their pay that is given by employers, sorely because they want to motivate them towards effective work performance.
Healthcare retirement benefits and paid vacation benefits are good examples of employee welfare package.
According to the graph above, if the price of coffee falls while the consumer is in equilibrium at point a, which of the following will occur?
a) The indifference curve shifts to the right
b) Consumer balance does not change.
c) The budget line shifts. to the right only on the horizontal axis.
d) The consumer can buy more shoes with all of his income.
Answers
During which process in the water cycle does water release thermal energy ?
Answers
During the process of evaporation in the water cycle, water releases thermal energy.
Evaporation occurs when the sun's heat causes the surface of water bodies, such as oceans, lakes, and rivers, to turn into water vapor. This process requires the absorption of heat, which causes the water molecules to gain enough energy to break their bonds and move into the air as a gas.
This release of heat energy, or thermal energy, from the water molecules is what causes evaporation to occur. As the water vapor in the air rises and cools, it eventually condenses to form clouds, and the thermal energy is once again absorbed.
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Sam Malloy owns a small business and has built a substantial estate both with his business success and his early career as a pro athlete. He wants to set up his estate in a way that he will control the assets until he passes away or becomes incapacitated. Once that time comes, he wants control to transfer easily and he wants to avoid probate. Sam should
Answers
Answer: Establish a revocable living trust.
Explanation:
A revocable living trust is a written document that details how an individual assets would be handled after they die. They are used to avoid probate and protect privacy of the trust owner, beneficiary of trust and reduce estate taxes. Assets placed in the beneficiary name are transfered from the owners account or details to theirs.
Which of the following is TRUE regarding unexpected expenses?
They usually don’t affect your budget.
They usually don't affect your ability to pay bills.
They should not be included in your budget.
They should be planned for.
Answers
Answer:
They should be planned for.
Explanation:
Unexpected expenses include emergencies and other unforeseen costs that a person incurs in day to day activities. These unexpected expenses must be paid for, which means resources must come from somewhere to effect the payments.
The best way to cater to unexpected expenses is to include them in the budget. Contingencies is the term used to describe funds kept aside to settle unexpected expenses. Without a contingency arrangement, unexpected expenses will affect the budget and a person's ability to pay normal bills.
Answer:
D. They should be planned for.
Explanation:
Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses Purchases of raw materials Direct labor $216,000 $ 261,000 7 Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead cost $ 151,000 $ 377,000 $360,000 Inventory balances at the beginning and end of the year were as follows: Beginning $ 50,000 Ending $ 30,000 Raw materials Work in process Finished goods 7 $ 32,000 $ 33,000 The total manufacturing costs added to production for the year were $685,000; the cost of goods available for sale totaled $750,000; the unadjusted cost of goods sold totaled $662,000; and the net operating income was $37,000. The company's underapplied or overapplied overhead is closed to Cost of Goods Sold. Required: Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement. (Hint: Prepare the income statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured.) Complete this question by entering your answers in the tabs below. COGS COGM Income Statement Schedule Schedule Prepare an income statement for the year. Superior Company Income Statement Selling and administrative expenses: Check my work Complete this question by entering your answers in the tabs below. Income COGS Statement Schedule COGM Schedule Prepare a schedule of cost of goods sold. Superior Company Schedule of Cost of Goods Sold Adjusted cost of goods sold Prepare a schedule of cost of goods manufactured. Direct materials: Total raw materials available Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured Superior Company Schedule of Cost Goods Manufactured
Answers
Superior Company Income Statement for the year ended December 31
Sales Revenue $699,000
Cost of Goods Sold:
Beginning Inventory (Work in Process) $32,000
Add Cost of Goods Manufactured $665,000
Goods Available for Sale $697,000
Less Ending Inventory (Finished Goods) $33,000
Cost of Goods Sold $664,000
Gross Profit $35,000
Selling and Administrative Expenses $216,000
Net Operating Income $19,000
COGS Schedule:
- Beginning Work in Process Inventory: $50,000
- Add Direct Materials: $261,000
- Add Direct Labor: $151,000
- Add Manufacturing Overhead Applied: $333,000 ($470,000 − $137,000)
- Total Cost of Work in Process: $795,000
- Less Ending Work in Process Inventory: $32,000
- Cost of Goods Manufactured: $763,000
COGM Schedule:
- Beginning Raw Materials Inventory: $7,000
- Add Purchases of Raw Materials: $261,000
- Total Raw Materials Available: $268,000
- Less Ending Raw Materials Inventory: $32,000
- Direct Materials Used in Production: $236,000
- Direct Labor: $151,000
- Manufacturing Overhead: $333,000 ($470,000 − $137,000)
- Total Manufacturing Costs Added: $720,000
- Add Beginning Work in Process: $50,000
- Total Manufacturing Costs to Account For: $770,000
- Less Ending Work in Process: $32,000
- Cost of Goods Manufactured: $738,000
Income Statement:
- Sales: $699,000
- Less Cost of Goods Sold: $664,000
- Gross Profit: $35,000
- Less Selling and Administrative Expenses: $216,000
- Net Operating Income: $19,000
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is it possible to have publicity on your own website why or why not
Answers
Yes it is possible for you to have publicity on your website.
Is it possible to have publicity on your own website why or why not?
Yes, it is possible to have publicity on your own website. Publicity refers to any form of promotion or advertising, and a website can be used as a platform to promote and advertise a business, product, or service. By having a website, you can create content such as articles, videos, images, and infographics that can be used to showcase your products or services and attract visitors to your site.
Additionally, you can also use various digital marketing techniques such as search engine optimization, pay-per-click advertising, social media marketing, and email marketing to promote your website and attract more visitors. In summary, having a website gives you a powerful platform to promote your business and attract potential customers.
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What are the two factors used to calculate productivity?
A. Goods produced and number of customers
B. Resources invested and goods lost
C. Goods produced and employees hired
D. Goods produced and resources invested
Answers
Goods produced and resources invested re the two factors used to calculate productivity.
How productivity is measured?Productivity is measured from different factors in the organization like the profit generate from the sales, number of customer increases, the amount of money invested in the company, the goods that are consumed of sell within span of time and others.
Thus, option D is correct.
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Answer:
Goods produced and resources invested
Explanation:
does the customer have the right to expect the contractor to perform risk analysis and develop a risk management plan if it is not called out as part of the contractual statement of work?
Answers
No, the customer have the right to expect the contractor to perform risk analysis and develop a risk management plan if it is not called out as part of the contractual statement of work
Almost all projects can justify risk management. Because it enables the estimator to develop a thorough understanding and awareness of the project's risks, the use of risk management in cost estimation ensures a more systematic and logical way of accounting for risks. The responsibility of managing contract risks compels the parties to step back during the negotiation process in order to assess their legal exposure.
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