The tool that would be best recommended to be used to understand what failure points in new student registration process can be would be the Service Blueprinting (c).
Service blueprinting is an analytical technique that visualizes and records the flow of people, operations, and interactions in a service process. It provides a method for describing the front stage and back-stage activities of a service.
It's used to ensure that the service meets the customers' needs while also ensuring that the supporting operations and procedures are well-organized and effective.
To ensure the successful design, delivery, and continuous improvement of services, a blueprint is a valuable method. By mapping the service process and all of the internal and external operations that support it, the service blueprint allows an organization to fully comprehend the service and identify areas for improvement.
Therefore, Service Blueprinting (c) would be the ideal tool to be used for understanding what can be failure points in new student registration process.
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Describe how a free market works
1. If you are the seller, how will you improve your product to make it saleable? 2. If you are a buyer, what are the things do you need to consider in buying a product? Why?
Answer: 1) The product should be what meets the customer's need; No one wants to buy a product and dump it in their homes, so it must meet their exact needs. 2) Customer service: asides selling great product, a great customer service would bring the client, sustain them and through them get referrals
3) Having a great sales plan or campaign which would register the products in the hearts of the client.
Explanation:
Selling is a skill on its own to be learnt, and there some things to consider to have good sales, here are the following;
1) The product should be what meets the customer's need; No one wants to buy a product and dump it in their homes, so it must meet their exact needs. 2) Customer service: asides selling great product, a great customer service would bring the client, sustain them and through them get referrals
3) Having a great sales plan or campaign which would register the products in the hearts of the client.
Things I'll consider while buying a product;
1) How good it is: products are meant to be enjoyed and not endured.
2) Customer service: having someone who understands the product very well would always make the client time keep returning
The most likely reason for a sole trader to change into a private limited company is because it
wants:
a. To share its financial accounts with the public
b. To raise additional finance
C. To benefit from unlimited liability
d. to avoid business continuity
Several times during the winter, supervisor Clyde goes ice fishing with Bubba, one of the workers in his department. After fishing they often have a few beers together. When it comes time for Clyde to write a performance evaluation of Bubba, Clyde faces the ethical dilemma of ________.
Several times during the winter, supervisor Clyde goes ice fishing with Bubba, one of the workers in his department. After fishing they often have a few beers together. When it comes time for Clyde to write a performance evaluation of Bubba, Clyde faces the ethical dilemma of conflict of interest.
An ethical dilemma is what?Any alternative that requires the agent to violate or compromise on their ethical norms presents an ethical problem in a decision-making situation.
We note that the following three characteristics can be used to categorize ethical dilemmas:
The agent must have a decision to make or be given an option.There must be multiple options open to the agent.The agent understands that every option forces them to give up some personally held ethical principle or value.Ethics are inherently contradictory, hence they do give rise to ethical problems. Employees may encounter situations where lying or breaching the law appears to serve other vital goals like increasing pay or avoiding layoffs.
What kinds of ethical dilemmas are there?
In the course of carrying out their tasks and obligations, agents may run across a variety of ethical problems, including the following:
Epistemic conundrumsSelf-imposed conundrumWorld-imposed conundrumA conflict of obligationProhibition conundrum.Learn more about the ethical dilemma with the help of the given link:
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Which tasks are commonly done by employees in the Energy cluster? Check all that apply.
installing equipment
performing inspections
interpreting technical plans
manufacturing gauges
designing systems
following schedules
gathering information
Answer:
Installing equipment, designing systems, gathering information
The tasks that are commonly done by employees in the energy cluster include installing equipment, designing system, and gathering information.
Energy cluster simply means civil law agreements between the entities which is aimed at bringing efficiency with regards to energy usage.
It should be noted that the tasks that are commonly done by employees in the energy cluster include installing equipment, designing system, and gathering information.
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The Two types of wills are:
- formal and holographic
- legal and fake
- formal and casual
- none of the above
pros and cons of franchises??
Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash $14,400 $10,000 Accounts receivable 20,800 23,000 Land 19,80
The amount of the increase in Rojas Corporation's equipment is $6,000.
What does it look like?Rojas Corporation's comparative balance sheets are presented below.
ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019
Cash $14,400 $10,000
Accounts receivable 20,800 23,000
Land 19,800 20,000
Equipment 36,000 30,000
Accumulated depreciation—equipment (12,000) (10,000)
Total $79,000 $73,000
Based on the above comparative balance sheets, Rojas Corporation's equipment increased by $6,000.
The amount of the increase in Rojas Corporation's equipment is $6,000.
What are balance sheets?
Balance sheets are financial statements that show the financial position of a company at a particular point in time. It presents the company's assets, liabilities, and equity balances as of a certain date. It provides valuable insights to interested stakeholders such as investors, creditors, and management.What is the equipment?Equipment refers to the long-term tangible assets used by companies in generating revenue. It includes machinery, vehicles, furniture, and fixtures used in the day-to-day operations of a business. The purchase of equipment is a significant investment that companies use to increase efficiency, productivity, and profitability.To know more on Assets visit:
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7. this year desi incurs certain expenses for travel, market surveys, and legal expenses to investigate the feasibility of opening a new coffee house in one of the new suburban malls in town. desi does not currently own any other business. a. what is the proper tax treatment of these expenses if desi decides not to open the new coffee house? b. what is the proper tax treatment this year of these expenses if desi decides to open the new coffee house on october 1st of the current year, assuming they spent the following different amounts: i. $3,000 ii. $6,800 iii. $50,000 iv. $52,700 v. $180,000
a. The expenses would be treated as startup costs and can be amortized over 15 years if Desi decides not to open the coffee house.
b. The expenses would be deducted in the current year if Desi decides to open the coffee house.
a. In the event that Desi chooses not to open the new café, the legitimate duty treatment of the costs brought about for movement, market reviews, and lawful costs would rely upon regardless of whether they qualify as deductible operational expense.
For the most part, costs caused before the beginning of a business are viewed as startup costs and may have explicit duty rules.
As per the IRS, in the event that the costs are brought about before the business starts, they might be viewed as startup costs and treated as capital costs. These costs can't be deducted in the ongoing year however can be amortized and deducted over a time of 180 months (15 years), beginning from the month Desi starts the café business.
b. Assuming that Desi chooses to open the new café on October first of the ongoing year, the assessment treatment of the costs caused would rely upon whether they are viewed as startup costs or working costs.
Startup Expenses: On the off chance that the costs are viewed as startup costs, the legitimate duty treatment would be like situation (a). They would be promoted and amortized north of a 180-month time frame, beginning from October first of the ongoing year.
Working Costs: Assuming the costs are viewed as normal and essential working costs, they can be deducted in the ongoing year. Desi would have the option to deduct everything of the costs in the year they were brought about.
It is essential to counsel a duty expert or bookkeeper to guarantee legitimate expense treatment in view of the particular conditions and assessment guidelines basically.
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The table below shows the population and employment data for Gilead, a country with a total population of 1 million people.
Status # of people
Children 0-16 years old 200,000
Employed 325,000
Unemployed 25,000
Discouraged adult
workers 50,000
Full-time students over 16 100,000
Retired individuals 100,000
Stay-at-home parents and other non-working civilians over 16 100,000
Non-civilians (employed by armed forces) 60,000
Institutionalized individuals 40,000
Gilead's unemployment rate is
Previous question
The unemployment rate in Gilead is 7.14%.
What is the percentage of unemployed individuals in Gilead?To calculate the unemployment rate, we need to consider the number of unemployed individuals relative to the total labor force. In Gilead case, the total population is 1 million people. From the given data, the number of unemployed individuals is 25,000.
The labor force consists of employed and unemployed individuals, so we sum up the number of employed and unemployed individuals, resulting in a labor force of 325,000 + 25,000 = 350,000.
Now, we can calculate the unemployment rate by dividing the number of unemployed individuals (25,000) by the labor force (350,000) and multiplying by 100 to express it as a percentage.
(25,000 / 350,000) * 100 ≈ 7.14%
Therefore, Gilead's unemployment rate is approximately 7.14%. This indicates the proportion of the labor force that is actively seeking employment but currently without a job.
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how are wages determined in a free market?
Answer:
Classical economists argue that wages—the price of labor—are determined (like all prices) by supply and demand. They call this the market theory of wage determination. ... Long story short: the price of labor is determined in the free market just like every other price, by the intersection of supply and demand.
Explanation:
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• what are some of the ways that restrictions and beliefs based on race, ethnicity, gender, and national origin shaped american society in the latter half of the 1800s
Restrictions and attitudes based on race, ethnicity, gender, and national origin influenced American culture in a variety of ways throughout the second part of the 1800s, including: Slavery and Racism.
Slavery played a significant role in creating American culture in the later part of the nineteenth century. Limiting attitudes and behaviours based on traits like race, ethnicity, gender, and national origin are referred to as restrictions and beliefs. These limitations and convictions had a significant impact on American culture in the second part of the 1800s. Slavery and prejudice towards African Americans, for instance, riven the nation. There were few options for women to further their education and succeed in their careers, and discrimination towards immigrants was widespread. Due to these limitations and convictions, society became hierarchical and unequal, with some groups encountering severe obstacles to social, economic, and political mobility.
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The amount of product available to the market is known as which of the following? Demand Interest Supply Resources
Answer:
Supply
Explanation: I had to the Economics Cencepts-Assessment ll for DECA today. I got all my answers off a quizlet...
Answer:
supply
Explanation:
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It allows you to rent a car while yours is being repaired. a. auto replacement c. personal damage liability b. comprehensive physical damage d. rental reimbursement
Answer:
I'm pretty sure the answer is d
Explanation:
Alternatively, you may pay out-of-pocket for your rental then seek reimbursement from the other insurance company once it completes its investigation.
Answer:
D
Explanation:
The costs of providing financial information is ultimately borne bya. management.b. shareholders.c. auditors.d. professional analysts.
The costs of providing financial information are ultimately borne by a variety of parties, including management, shareholders, auditors, and professional analysts.
While management is responsible for preparing financial statements and ensuring that they accurately reflect the company's financial position, shareholders have a vested interest in receiving this information in order to make informed investment decisions. Auditors are responsible for reviewing and verifying the accuracy of financial statements, while professional analysts use this information to provide insights and recommendations to investors. Ultimately, all of these parties play a role in ensuring that financial information is accurately and transparently presented, and they all share in the costs of producing this information. However, the specific allocation of these costs may vary depending on the particular circumstances of the company and the industry in which it operates.
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You have approx. 350 customers. N = 350. You can obtain
information about each customer such as name, phone number, 4
digits of SSN, address, items they like to buy, etc. and assign a
customer number. (note: customer numbers will not be reused/recycled as customers go away) About 350 people at any point but they will be different people NEEDING DIFFERENT IDs. You want to look up their records using some key that will be used to hash into the customer table.
N = 350
1. 1. The Key a. a. what key do you think is usually good to use to look up a customer? It should be unique per person: b. b. what does it look like (give an example): Note that you should combine two pieces of information to make a unique key.
a. 2. Table Size b. a. what is the table size? c. b. Prime number? d. c. Load factor is 80%? Explain.
e. 3. how will you transform this long key into a slot number: choose (circle) from the following: Folding and mod ts? Reverse folding and mod ts? Square and take the middle part and mod ts? Something unique? Explain. (I prefer this) And show all steps on an example key:
a. 4. informally analyze under what circumstance collisions will occur Give reasons and an example of 2 keys colliding at the same slot!!!!!!
Combination of customer's name and phone number. Table size: 350, no requirement for prime number, load factor of 80% ensures space efficiency and performance.
The combination of a customer's name and phone number can serve as a good key to look up a customer. This combination is likely to be unique for each person, allowing for efficient and accurate retrieval of customer records. The table size is 350, which means it can accommodate up to 350 customer records. There is no specific requirement for the table size to be a prime number, as long as it is large enough to accommodate the expected number of customers. The transformation of the long key into a slot number can be achieved using a unique hashing function. This function takes the combined key and applies a specific algorithm to generate a slot number within the range of the table size. Collisions may occur when two different keys result in the same slot number.
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At 30th June 2016, Longreach Ltd is considering undertaking an impairment test. Having only recently adopted the international accounting standards, the management of Longreach Ltd seeks your advice in relation to this test under IAS 36 Impairment of Assets. Write a report to management, specifically explaining: a) the purpose of the impairment test (1.5 marks) b) how the existence of goodwill will affect the impairment test (1.5 marks) c) The basic steps to be followed in applying the impairment
Report to management concerning Longreach Ltd's impairment test under IAS 36 Impairment of AssetsIAS 36 Impairment of Assets provides criteria for recognizing and estimating impairment losses, as well as requiring entities to test at each balance sheet date whether there is any indication that the assets might be impaired.
Therefore, the purpose of the impairment test is to ensure that Longreach Ltd can recognize any potential impairment losses in a timely manner to reflect the financial performance of the company accurately.In terms of goodwill, goodwill is tested separately from other assets and cannot be depreciated. In the event of an impairment, the carrying value of goodwill must be compared to the recoverable amount of the cash-generating unit (CGU) to which it is assigned.
In other words, goodwill's value is subjected to impairment testing, and if there is an indication of impairment, the CGU's recoverable amount must be assessed.Basic steps to be followed in applying the impairment test:
1. Identification of assets that are susceptible to impairment: To determine whether an asset is impaired, it is necessary to first identify which assets are susceptible to impairment.2. Determine the recoverable amount: The recoverable amount is the amount at which an asset or CGU can be sold, or the value in use of the asset or CGU.
3. Calculate the asset's carrying value: The carrying amount of an asset is the amount at which it is recorded in the statement of financial position, net of accumulated depreciation and impairment losses.4. Compare the recoverable amount and carrying amount: If the recoverable amount is less than the carrying amount, then the asset is considered impaired, and an impairment loss is recognized.
5. Recognize the impairment loss: An impairment loss is recognized if the recoverable amount is less than the carrying amount.In conclusion, the report is intended to educate Longreach Ltd's management about the process of conducting an impairment test under IAS 36 Impairment of Assets.
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Which of the following statements best describes the difference between the USDA’s and the FDA’s responsibilities concerning food?
1.The USDA monitors what is put on the food’s label while the FDA ensures safe farming and harvesting practices.
2. The USDA monitors what is put on the food’s label while the FDA protects environmental conditions.
3.The USDA ensures safe farming and harvesting practices while the FDA protects environmental conditions.
4.The USDA ensures safe farming and harvesting practices while the FDA monitors what is put on the food’s label.
Answer:A. The USDA ensures save farming and harvesting practices while the FDA monitors what is put on the food labels!
Explanation: I just took it and got it right! Give me brainliest! Have a good day!
Answer:
The USDA makes sure that there is safe farming and safe harvesting practices when the FDA watches what is put on food levels
Explanation:
Northwestern Data Systems has adopted a new organizational approach with regard to information flow, ensuring that employees have access to the data they need, when they need it. Aware of this new approach, Stacy, an administrative assistant working for a manager in the sales department, requests a report regarding disciplinary action on a manager outside her department. Despite the new company policy, her request is denied, most likely because
Answer:
neither she nor her supervisor has any demonstrable reason to access such information.
Explanation:
When security measures are introduced in information system access in an organisation, an individual is limited to only a defined set of data.
Access to data outside one's normal job role requires a request for addition of such access.
In the given instance Northwestern Data Systems has adopted a new organizational approach that ensures employees have access to the only data they need.
Stacy, an administrative assistant requests a report regarding disciplinary action on a manager outside her department.
She will not be able to get it because she should normally not be able to discipline a manager.
So she can't access it because neither she nor her supervisor has any demonstrable reason to access such information.
in one paragraph highlight the characteristics of an entrepreneur
Answer:
Im not going to type a whole paragraph but ill give you some ideas.
Explanation:
An entrepreneur is someone who does many things like owning a buisness or having many hobbies .
Entrepreneurship starts with an idea. To be successful, you need to always be thinking of new ideas and better ways of doing things.
Entrepreneurs are not satisfied with the status quo. They think outside the box and look for opportunities to come up with new solutions.
Perhaps the most important characteristic for entrepreneurs, passion is essential to any business owner or working professional's success. Without passion, there is no reason for your work and no drive to do it.
Entrepreneurs love what they do and are extremely dedicated to the businesses they create. To be successful, you must be confident in yourself and your business, and you must be proactive with what you do and how you do it
Because of their passion for their ideas, entrepreneurs are willing to put in the long hours and hard work required to launch and run a successful new business. Are you self-motivated? Entrepreneurs are their own boss, which means there's no one telling them to do things. You must be in charge of your own time and how you spend it.
Entrepreneurs always look on the bright side and are constant dreamers. They look at how they can do things better and make the world a better place. They never dwell on the past or the negative. Instead, they focus on moving forward and moving up.
When they're confronted with challenges, entrepreneurs don't see them as problems; they see them as opportunities. Challenges fuel entrepreneurs and make them reach higher and do more.
Because entrepreneurs are focused on moving forward, they are always looking toward the future. Entrepreneurs are very goal-oriented and know exactly what they want. They set their goals and everything they do is aimed at achieving those goals.
Having a strong vision helps propel you toward accomplishment. Consider setting a goal for yourself - a north star that can guide you on your path to success.
To be successful in business, you have to know business. If you're a people person and know how to get people to listen to you, you could be a successful entrepreneur.
Especially when first starting out, entrepreneurs need to gain buy-in from those around them on their big idea. If it's an out-of-the-box idea, which it usually is, many people will be skeptical before giving their support or investing any money. That's why entrepreneurs need to use their persuasiveness to sell themselves and their ideas.
Entrepreneurs know how to adapt to unfamiliar situations. If their business requires that they learn how to build a website or send an invoice, they'll do it. Whatever it takes, entrepreneurs are ready and willing. They always approach things with an open mind and are willing to change course if they need to.
Entrepreneurs do not shy away from challenges or conflicts. Instead, they face them head on and come up with a solution. They know how to solve problems effectively.
Entrepreneurs also know how to make the most of what they have. Time, money and effort are never used haphazardly. Everything has a plan and a purpose.
Entrepreneurs know that to be successful, they must be willing to take risks. While they don't mind walking on the wild side, they don't take risks lightly. They know how to plan for the unknown and make a calculated decision that is best for them and their business.
There is no room for procrastination in business. Entrepreneurs know what needs to be done and don't hesitate to make the decisions that will lead them to success. They don't let opportunities pass them by; instead, they seize the day and get the job done.
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True or False: After calculating how much money you have left after paying for all of your monthly expenses, you can
olan on spending up to 50% of that amount on car expenses
Based on microeconomic theory, it is true that after calculating how much money you have left after paying for all of your monthly expenses, you can
plan on spending up to 50% of that amount on car expenses.
Note that after making a payment on living expenses, such as rent, mortgage, utilities, loans, car payments, and food, the money that remains is discretionary income.
This discretionary income can be used as savings, investment, or spending on your discretionary expenses such as vacations and travel expenses, car expenses.
This is because discretionary expenses are categorized under wants instead of needs.
Thus, given that planning for car expenses is a want, then the statement in the question is True.
Hence, in this case, it is concluded that the correct answer is "True."
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Larry is part of the Board of Governors that manages U.S. Monetary policy. He has been elected by the President to serve a single 14-year term. In addition to setting the monetary policy, he is responsible for extending banking services to commercial banks. I
Answer:
Federal Reserve
Explanation:
Federal Reserve System is the financial institution and the central bank of the U.S. The institution provides financial aid to the country. It helps in regulating and maintaining the financial and banking service of the country. All the requirements and responsibilities of the Federal Reserve are laid on the Board of Governors. They help in setting the rate of the discount and rate of interest on the loans.
In the given excerpt, Larry is the part of the Board of Governors in the Federal Reserve System.
Which of the following most accurately describes the change in average weekly earnings since 1980?
Gradpoint
Answer:
Which of the following most accurately describes the change in average weekly earnings since 1980 Average weekly earnings have risen for college-educated workers only Which of the following workers is likely to earn the highest wage
Only college-educated workers' average weekly incomes have increased is most accurately describes the change in average weekly earnings since 1980.
What is income?Income is the money an individual receives in compensation for his or her work, services, orinvestments, or the money generated by a company's sales of goods and services.
Thus, Only college-educated workers income is increased.
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explain the relationship between occupation and education with example
Answer:
People who do not qualify for a particular job are given education through training in order to gain the needed knowledge for that particular job. As students, we go to school in order to be educated for future jobs. Good education on a job gives a better understanding and this brings out an excellent delivery of work.
Explanation:
More consistent and extended education leads to more job opportunities, increased income, and the ability to change one's economic status. Education has not only a connection to sanitation and hygiene elements in informal settlements but also to general career development.
QUESTION 2 of 10: Medicare is a government program funded by tax dollars to:
a) Provide health insurance to children
b) Provide health insurance to working adults
c) Provide hospital insurance for those over 65
Which person's unemployment is an example of frictional unemployment?
А
a rocont collogo graduato who is sooking to enter the workforce for the first timo
B
a factory worker who was laid off during a recession in order to cut operating costs
a retail salesperson who is looking for work after a period of seasonal employment at a departmen
D
an inexperienced computer programmer who lacks the human capital sought after by employers in
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which activity is a consumer most likely perform?
Answer:
what are the options? consumers usually ask too many questions.
Explanation:
A strategic vision provides many benefits. Which of the following is not one of those benefits?
A. a clear future direction
B. a framework for their organization mission and goals
C. enhanced employee communication and commitment
D. diminished employee participation
A strategic vision provides many benefits, but the option that is not one of those benefits is D. diminished employee participation.
What is it?A strategic vision helps by providing A. a clear future direction, B. a framework for their organization's mission and goals, and C. enhanced employee communication and commitment.
Diminished employee participation is not one of the benefits. In fact, a strategic vision can increase employee participation by giving them a clear understanding of the organization's goals and how they can contribute to achieving those goals.
However, it does not lead to diminished employee participation; instead, a well-communicated strategic vision often encourages employee engagement and collaboration in achieving the organization's objectives.
Hence, option d. is correct.
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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
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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