Answer: temporary accounts; Retained Earnings
Explanation:
Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 190 units from the January 30 purchase, 5 units from the January 20 purchase, and 20 units from beginning inventory. Compute gross profit for the month of January for Laker Company for the four inventory methods.
The gross profit for the four inventory methods include:
Specific identification - $3785Weighted average - $3774FIFO - $3770LIFO - $3790How to calculate the gross profitFrom the complete question, the following can be deduced:
Specific identification
Sales = $9800
Less: Cost of goods sold = $6015
Gross profit = $3785
Weighted average
Sales = $9800
Less: Cost of goods sold = $6026
Gross profit = $3774
FIFO
Sales = $9800
Less: Cost of goods sold = $6030
Gross profit = $3770
LIFO
Sales = $9800
Less: Cost of goods sold = $6010
Gross profit = $3790
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The current equilibrium price of a specific type of automobiles is $23,000. An increase of a price ceiling on automobiles from $20,000 to $25,000 will do what to the amount sold in the market and to the price of automobiles?.
Answer:
$25,000
Explanation:
i will sell more automobiles to make more money
A business goes to the trouble and expense of segmenting its markets when it expects that this extra effort will
When a business extra effort is expected to increase profit, they will incur an expense of segmenting its markets.
What is market segmentation?A market segmentation refers to segregating market into element that includes age, gender, occupation, income etc
In conclusion, when the business extra effort is expected to increase profit, they will incur an expense of segmenting its markets.
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Profit-sharing plans, commissions, bonuses, and stock options are examples of:.
An example of Company-wide Incentive Plan includes profit-sharing plans, commissions, bonuses, and stock option.
What is a company-wide incentive plans?A company wide incentive plans refers to a plan that reward its employees on the basis of the success of the organization over a specified time period.
Therefore, these plans that includes profit-sharing plans, commissions, bonuses, stock options are examples of a company wide incentive plans.
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Long-lived assets are reported in the balance sheet at _____ value, which is equal to its original cost less _____.
In the balance sheet, the Long-lived assets are reported as noncurrent assets which equals original cost less the carrying value.
What is a Long-lived assets?A Long-lived assets refers to an asset possessed by a business which is expected to be retained for at least one year.
In conclusion, the word "noncurrent assets" and "carrying value".
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The owner of a go-kart racetrack would like to have a ratio of 2 red racers for every 3 green mini-trucks. The racetrack currently has 11 red racers and 21 mini-trucks. Which equation could she use to determine x, the number of additional red racers she should purchase in order to achieve the desired ratio?
The equation that the owner of a go-kart racetrack would use to determine x, the number of additional racers she should purchase in order to achieve the desired ratio of 2:3 is x = 21/3 x 2 - 11 or x = 14 - 11.
What is an equation?An equation shows the state of equality between two expressions. In mathematics, it shows that the two sides are equal after solving the various unknown variables.
Data and Current possessions:The desired ratio of red racers for green mini-trucks = 2:3
Red racers = 11
Mini-trucks = 21
To achieve the desired ratio, the red racers must be 14 racers against 21 mini-trucks, which gives a 2:3 ratio.
Thus, since there are 11 red racers, an additional 3 are required, and the equation required to achieve this ratio is x = 21/3 x 2 - 11 or x = 14 - 11.
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Square's purpose is economic empowerment. Briefly tell us about what that purpose means to you.
The word "Square's purpose is economic empowerment" is an important motto for the firm.
What is Square's firm?Square's firm is an organization that helps builds tools to help more people participate and thrive in the economy.
One of the Square's purpose is to build things that meaningfully shorten the distance between having an idea and making a living from it.
In conclusion, the word "Square's purpose is economic empowerment" is an important motto for the firm.
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How many barrels of oil does the us export per day?.
Answer:
18.40 million
Explanation:
Also in 2020, the United States produced 2 about 18.40 million barrels of petroleum per day
Which of the following is a good basic rule of conducting a business meeting?
Question 4 options:
provide an agenda
handle all questions individually after the meeting has ended
avoid visual or printed support material
allow participants to conduct conversations among themselves
It is best practice to ensure that there is an agenda for the business meeting before it starts. The correct answer thus is A.
What are some of the rules for conducting a Business Meeting?Some of the rules for conducting a business meeting are:
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A flower shop acquired 80 new customers last year. Costs in the marketing and sales areas were the following: Marketing Costs = $1,200 Sales Costs = $9,000 Salaries = $87,000 What was the Customer Acquisition Cost?
Answer:
$15
Explanation:
To get the customer acquisition cost you divide the marketing cost by the new customers, in this case $1,200 ÷ 80 = $15
The customer acquisition cost is the cost that is used to acquire the cost of new customers in the given case, Customer Acquisition Cost is $15.
What is customer acquisition cost?Customer Acquisition Cost is defined as that cost which is incurred by the business for acquiring a cost of a new customer. Customer Acquisition Cost is the cost of besting a customer to purchase a particular product or service.
Formula:
[tex]\text{Customer Acquision Cost}=\dfrac{\text{Marketing Costs}}{\text{New Customers}}[/tex]
Computation of customer acquisition cost:
According to the question,
Marketing Costs = $1,200, and
New Customers = 80.
Now, apply the given values in the above formula,
[tex]\text{Customer Acquision Cost}=\dfrac{\text{Marketing Costs}}{\text{New Customers}}\\\\\text{Customer Acquision Cost}=\dfrac{\$1,200}{80}\\\\\text{Customer Acquision Cost}=\$15[/tex]
Therefore, the customer acquisition cost in the given case is $15.
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True or false: A put bond allows the holder to force the issuer to buy the bond back at a stated price.
The statement that a put bond allows the holder to force the issuer to buy the bond back at a stated price is: True.
What is a Put Bond?
A Put Bond is a debt instrument that gives the holder access to repurchase the security within a specific period before the due date. The individual repurchasing sets his price at a given time of issuing the card per value of the bond.
A put bond therefore gives access or allows the Holder to force the issuer to repurchase the bond back at a stated price.
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Derek's friend, Jackson, is asking to borrow today with a promise to repay $7,418.87 in four years. If Derek could earn 5.45 percent annually on the any investment he makes today, how much would he be willing to lend Jackson today
The amount Jackson would be willing to lend is $6,000.
How much would Jackson be willing to lend?In order to determine the amount Jackson would be willing to lend, the present value of the amount Dereck would repay in 4 years. Present value is the sum of discounted cash flows.
Present value = $7,418.87 / (1.0545^4) = $6,000
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At the end of the meeting with Vladimir Butin, Raymond concluded a sale of one million bottles of
Russian Vodka to be stored on his premises. Raymond cannot recall reading the terms and conditions or
signing the contract. Discuss whether the contract is enforceable in South African law, use case law to
support your view. -15
The contract may not be enforceable. Each country is with their peculiarity. The law of contract in South Africa is dynamic.
Definition of ContractGenerally, a contract is an agreement between two or more parties with the intent of creating a legal obligation. Contract law provides a legal frame work within which persons can transact business and exchange resources, secure in the knowledge that the law will uphold their agreements and, if necessary, realise them.
Contract MistakeA concurrence of wills between the parties is usually regarded as the primary basis of contractual liability. However, mistake (error) in contract refers to a situation in which a member of the parties involved acts under a mis know, causing dis agreement between the parties. The courts tend to categorise a mistake as one of unilateral, mutual or common:
Unilateral mistake occurs where only one of the parties is mistaken, while the other party is aware of the mistake.
Therefore, the contract may not be binding on him if considered as a Unilateral mistake.
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Question - Risk and Risk Avoidance
In investments, higher risk may provide higher returns. It is interesting how people have different comfort levels taking risk. Please consider your own comfort with taking risks; are you a person who is willing to take a risk in order to earn a higher level of return on an investment?
Directions: Answer thoroughly with a comprehensive response.
Context Link: https://saylordotorg.github.io/text_personal-finance/s08-evaluating-choices-time-risk-a.html
[Brainliest toward whoever responds comprehensively with complete coherent sentences. Thank you. I appreciate it.]
Answer:
Taking risks is only needed when it's necessary or a smart move. If I know I will benefit from a risky choice then I will have more obligation to take it. Rather than if I knew I could loose a lot more than I could gain then I would wait for a better opportunity.
Consumer surplus is equal to the difference between.
Answer:
Consumer surplus is equal to the difference between the total amount that consumers are willing to pay for a good or service and the total amount that they actually pay.
Consumption is the purchase of goods and services by.
consumer or customer boiijj
Consumption is the purchase of goods and services by households.
What is Consumption?Utilizing resources in order to achieve present needs and desires is referred to as consume. In contrast, investing is making purchases in order to generate future earnings. A key concept in economic, consumption is also explored in various other human sciences.
Consumption is the act of households purchasing goods and services. The biggest single source of GDP is consumption. Intangible goods or acts known as product services are generally highly consumed concurrently.
Contrary to consumption spending, which is the buying on commodities for domestic use, consuming is not the same thing. It is the quantity spending on consumables, including durables, and related industries.
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8)
What is likely to lead to an increase in the wages of university lecturers?
A an increase in the fringe benefits provided to university lecturers
B. an increase in the tuition fees paid by university students
C government policies reducing the length of the training for university lecturers
D increased demand from students to study at university
Because cash is assumed to be available for spending, it is typically reported on the balance sheet as a(n)
Answer:
Current or Short-Term Asset
Explanation:
Based upon a Keynesian viewpoint, to stimulate the economy the government should do all of the following except:___________
a) buy more output.
b) employ more people.
c) make more money available.
d) raise taxes.
in a Keynesian viewpoint, the government must buy more output, employ more people and make more money available to stimulate the economy
What is the Keynesian theory?The Keynesian theory advocated for an increased government expenditures (spending) and lowering of taxes for stimulation of demand for getting an economy out of the depression.
Hence, in a Keynesian viewpoint, the government must buy more output, employ more people and make more money available to stimulate the economy.
Therefore, the Option A, B and C is correct.
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When consumers consider all types and brands of household cleaners, they are considering the _____ of household cleaners. When consumers limit their choice of household cleaners to only those that come in spray bottles, they are considering a _____ of household cleaners.
Answer:
Explanation:
consumers limit their choice of household cleaners to only those that come in spray bottles, they are considering a _consume __ of household cleaners.
Changing the speed and tone of your depending on the type of example you are giving can affect how listeners respond to your speech.
Answer: voice
Explanation:
Voice is an example you are giving that can affect how listeners respond to your speech.
What are the main reasons to include an example in your speech?The cases are essential for evidence-backed presentations and help the audience understand the message is effectively presented. Examples are most effective when used to complement the central point of a presentation and focus on important topics in the presentation.
The fictitious example is a fictitious example and can be used by the speaker to explain a complex topic. This makes the most sense when expressed in a more realistic or relevant way.
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If a management team wishes to undertake efforts specifically aimed at helping the company meet or beat the investor-expected increases in the company's stock price in upcoming years, then it should pursue actions to
For the management team to beat the investor-expected increases in the company's stock, they can increase total operating profits in all four geographic regions.
What is a total operating profits?A total operating profit refers to the total earnings derived from business functions for a given period excluding deduction of interest and taxes.
In conclusion, the action of increasing the profit will results to improvement in total net profit and help raise the EPS which will drives the company's stock price upward.
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The process of maintaining a stable internal environment is called.
Describe marketing functions and related activities.
The 7 functions of marketing are promotion, selling, product/service management, marketing information management, pricing, financing and distribution. Understanding the core functions of marketing can help you better focus your efforts and strategies to support your business.
A company that makes custom staircases uses computer modeling to ensure that the process used makes the most efficient use of resources and effectively design their products. The company is equipped with __________ technology.
A company that makes the most efficient use of resources and effectively design for their product is equipped with management technology.
What is management technology?It is the efficient use of organization resource under some set of management disciplines that helps the industry or organization to produce efficiently.
The firm manages the production process using some key principles and output more efficient.
Therefore, The company is equipped with management technology.
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Name three types of non-wage factors that may influence an individual’s choice of occupation.
On January 1, 2020, Pina Company purchased 11% bonds, having a maturity value of $320,000 for $344,893.28. The bonds provide the bondholders with a 9% yield. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 of each year. Pina Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified as available-for-sale category. The fair value of the bonds at December 31 of each year-end is as follows.
2020 $342,600
2023 $330,400
2021 $329,200
2024 $320,000
202 $328,300
(a) Prepare the journal entry at the date of the bond purchase.
(b) Prepare the journal entries to record the interest revenue and recognition of fair value for 2020.
(c) Prepare the journal entry to record the recognition of fair value for 2021.
Answer:
[tex] - 6x - 18[/tex]
Explanation:
[tex] - 2x(1 - 3x) + (2x + 3)(3x - 2)[/tex]
Suppose Kittyville's full-employment GDP = $600 billion, and the current equilibrium GDP = $400 billion. The MPC in this economy = 0. 90. Identify the type of expenditure gap in Kittyville's economy: To correct this gap, Kittyville hires an economist, Kittyzen Keynes, who suggests: government spending or taxes. Decreasing Recessionary Increasing Inflationary Suppose Kittyville decides to change government spending under Keynes' advice. By how much must government spending change to correct for the expenditure gap (rounded to nearest billion dollars)? Suppose Kittyville instead decides to change taxes under Keynes advice. By how much must taxes change to correct for the expenditure gap (rounded to nearest billion dollars)?
The type of expenditure gap that's illustrated in Kittyville's economy is a recessionary expenditure.
What is expenditure gap?It should be noted that an expenditure gap is when the demand for goods and services is more than the production.
In order to correct the gap, the economy hired the economist who suggested that there should be an increase in government spending and decrease in taxation.
Also, the change in government spending will be:
= Change in income b× (1 - MPC)
= $200 × (1 - 0.9)
= $20 billion.
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When the manager of a local auto repair shop sets goals and then develops a blueprint for how to achieve them, she is
When the manager of a local auto repair shop sets goals and then develops a blueprint for how to achieve them, she is effective.
Being an effective manager
Effectiveness can be defined as the capability of producing the desired result or the ability to produce the desired output.
Since the manager of a local auto repair shop sets goals and then develops a blueprint for how to achieve them, this shows her capability to produce a desired outcome or result due to her preparedness.
Hence we can conclude that the manager is effective.
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Walmart can achieve a _____ using its relationships with suppliers to create an advantage that, ultimately, allows it to give customers low prices and good customer service.
Answer:
cost leadership/competitive advantage
