Cheetos are a popular snack food that delivers a delicious and satisfying taste experience to consumers.
Cheetos are widely available in supermarkets and convenience stores across the country.
4. Customer Value: The product provides a convenient and easy-to-eat snack option for people on-the-go. The bold and cheesy flavor of Cheetos appeals to both children and adults, making it a versatile snack option. Additionally, Cheetos are available in different sizes and packaging options, catering to individual preferences and needs.
5. Profit: The price of Cheetos in Australia will depend on the size and packaging of the product. However, a single serving size of Cheetos (28g) is expected to be priced between AUD 1.50 to AUD 2.50.
6. Marketing: To promote Cheetos in Australia, the product can be advertised on social media platforms. The brand can collaborate with popular influencers and create exciting and engaging content that appeals to the target audience. Additionally, the brand can host sampling events and offer promotions to generate interest and awareness.
7. Customer loyalty: To encourage customer loyalty, the brand can offer loyalty programs that provide incentives and rewards for repeat purchases. The brand can also engage with customers through social media and respond to their queries and feedback promptly. Offering excellent customer service and delivering a consistent product experience can also help generate customer loyalty and referrals.
8. SWOT Analysis: a. Strengths: Cheetos are a popular and recognizable brand globally. The brand has a loyal following and offers a unique and delicious taste experience that appeals to a broad range of customers.
b. Weaknesses: The snack food market in Australia is highly competitive, with many established brands competing for market share. Cheetos may face challenges in establishing a foothold in the market and competing with established brands.
c. Opportunities: Australia has a growing snack food market with a diverse and multicultural population. Cheetos can leverage this opportunity and tailor its marketing and product offerings to appeal to different customer segments.
d. Threats: Competition from established brands and changing consumer preferences and trends pose significant threats to the success of Cheetos in the Australian market.
9.Success Measurement: The success of Cheetos in Australia can be measured by sales figures, market share, and customer feedback. Additionally, the brand can track social media engagement and monitor customer sentiment to evaluate the effectiveness of its marketing campaigns.
10. Product/Service Life Cycle: The life cycle of Cheetos in Australia will depend on various factors, including market trends, competition, and customer preferences. Typically, snack foods have a relatively short product life cycle, and the time to maturity can vary from several months to a few years. However, Cheetos' popularity and brand recognition may help the product reach maturity sooner.
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Raoul likes almost any type of job, so he’s decided to make his career choices based on which industry is growing. He wants to have lots of job opportunities in the future! Which field should Raoul pursue?
A.
healthcare
B.
education
C.
law
D.
coal Mining
Budgeting for Needs
Select the items that are needs from your bank statement.
ABC BANK
Available Balance
$230.00
V Cell phone plan
$45
V
Rent
$400
Car insurance
$60
Backpack
$10
Electric bill
$60
Car payment
$250
Submit
In context of budgeting, the needs from the bank statement are:
Cell phone plan $45Rent $400Car insurance $60Electric bill $60Car payment $250What is the importance of all these needs?These expenses are considered needs because they are essential for daily living, such as housing (rent), transportation (car payment and insurance), communication (cell phone plan), and basic utilities (electric bill).
The backpack expense may be considered a want rather than a need, as it is not essential for basic living. When budgeting for needs, it's important to prioritize these essential expenses and allocate funds accordingly to ensure financial stability and security.
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A offers investors the opportunity to pool their investment dollars with a group of other investors, which in turn allows them the ability to purchase multiple security investments. The investments are collected into a single investment . Mutual funds may prove to be a smarter investment option for the investor that prefers to risk.
Mutual funds are investment vehicles that allow investors to pool their money together to invest in a diversified portfolio of stocks, bonds, or other securities.
This pooling of money allows investors to take advantage of the benefits of diversification, which helps to spread risk across multiple investments. Mutual funds are managed by professional fund managers, who use their expertise to select and manage the fund's investments. The fund manager's goal is to achieve the fund's investment objective, which could be anything from providing long-term growth to generating current income. One of the key benefits of mutual funds is that they are a great option for investors who prefer to mitigate risk. By investing in a diversified portfolio of securities, mutual funds offer investors exposure to a wide range of companies and industries, which helps to spread risk across multiple investments.
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100pt will mark brainiest
A portfolio manager’s client invests in a fund with total assets of $14,200,000, total liabilities of $1,500,000, and a total of 50,000 shares outstanding. Calculate the NAVPS for this fund. Answer using complete sentences.
To calculate the NAVPS (Net Asset Value per Share) for this fund, we first need to subtract the total liabilities from the total assets to get the net assets. In this case, the net assets would be $14,200,000 - $1,500,000 = $12,700,000.
Next, we divide the net assets by the number of shares outstanding to get the NAVPS. In this case, the NAVPS would be $12,700,000 / 50,000 shares = $254 per share.Therefore, the NAVPS for this fund is $254 per share. This calculation is important for investors because it represents the value of their investment in the fund. As the value of the assets held in the fund changes over time, the NAVPS will also change, allowing investors to track the performance of their investment.
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differentiate between the sourcing decision to make or to buy.(examples)?
The sourcing decision between "make" or "buy" refers to the decision of whether a company should produce a product or service in-house or outsource it from a third-party supplier.
The decision depends on several factors, including cost, quality, capacity, expertise, and strategic goals. Here are some examples of the differences between the two options:
Make:
A company that produces custom-made products may decide to make the product in-house to maintain quality control and ensure that customer specifications are met.
A tech company may choose to develop software internally to protect its intellectual property and keep its competitive advantage.
Buy:
A company that needs raw materials for production may decide to buy them from a supplier to take advantage of economies of scale and lower costs.
A small business may decide to outsource its accounting functions to a third-party provider to save time and reduce overhead costs.
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Research the amount of money that banks lose each year due to identity theft hacking counterfiet money qnd other security issues how does this affect the monetary system how does it affect you
Explanation:
According to a report by Juniper Research, global losses from payment card fraud and online banking fraud are expected to reach $130 billion by 2023. This is a significant increase from the $22 billion in losses reported in 2018. In addition, a 2020 study by Javelin Strategy & Research estimated that identity fraud resulted in $16.9 billion in losses in the US alone.
It is important to note that banks typically do not disclose the exact amount of money lost due to security issues such as identity theft, hacking, and counterfeiting. This is because doing so could undermine confidence in the banking system and lead to a loss of customers.
These losses can have significant impacts on the monetary system, as they can reduce the amount of money that banks have available to lend to individuals and businesses. In addition, they can increase the cost of financial services, as banks may need to invest in additional security measures to protect against fraud.
As an individual, the effects of bank losses due to security issues may not be immediately apparent. However, these losses can ultimately impact the availability and cost of credit, which can affect your ability to obtain loans or credit cards. Additionally, banks may pass on the cost of increased security measures to customers in the form of higher fees or interest rates.
Business Statistics
Please refer attached. Answer all questions
1) The standard deviation for the given data is 2.91 minutes.
2) The mean speed of the cars is 74.75 km/h, which represents the average speed of all the cars that passed through the toll booth. The median speed is 75-79 km/h, which is the speed that divides the speed data into two equal halves. The mode speed is also 75-79 km/h, which is the most frequently occurring speed.
What is the explanation for the above response?
1) To find the standard deviation, we need to follow these steps:
Find the mean:
Calculate the deviation from the mean for each valueSquare each deviation from the meanFind the sum of the squared deviationsDivide the sum by the number of values minus oneTake the square root of the resultUsing this formula, we get:
Mean = (2*7 + 7*12 + 9*17 + 3*22)/20 = 14.9
Deviation from the mean:
5-9: -9.9
10-14: -2.9
15-19: 2.1
20-24: 7.1
Squared deviation from the mean:
5-9: 98.01
10-14: 8.41
15-19: 4.41
20-24: 50.41
Sum of squared deviations: 161.24
Variance = 161.24 / 19 = 8.49
Standard deviation = √(8.49) = 2.91
Therefore, the standard deviation for the given data is 2.91 minutes.
2) To find the mean, we need to multiply each speed value by its corresponding frequency, add up the products, and then divide by the total frequency. Using this formula, we get:
Mean = (8*62 + 14*67 + 18*72 + 40*77 + 30*82 + 10*87)/120
= 74.75
Therefore, the mean speed of the cars is 74.75 km/h.
To find the median, we need to arrange the speed values in order and find the middle value. If there are an even number of values, we take the average of the two middle values. Using this method, we get:
Arranged speeds: 60-64, 60-64, 60-64, 60-64, 60-64, 60-64, 60-64, 60-64,
65-69, 65-69, 65-69, 65-69, 65-69, 65-69, 65-69, 65-69, 65-69, 65-69,
70-74, 70-74, 70-74, 70-74, 70-74, 70-74, 70-74, 70-74, 70-74, 70-74,
75-79, 75-79, 75-79, 75-79, 75-79, 75-79, 75-79, 75-79, 75-79, 75-79, 75-79, 75-79, 75-79, 75-79, 75-79, 75-79,
80-84, 80-84, 80-84, 80-84, 80-84, 80-84, 80-84, 80-84, 80-84, 80-84, 80-84, 80-84, 80-84, 80-84, 80-84, 80-84, 80-84, 80-84,
85-89, 85-89, 85-89, 85-89, 85-89, 85-89,
Median = 75-79
Therefore, the median speed of the cars is 75-79 km/h.
c)
To find the mode, we need to identify the speed value that occurs most frequently. Using this method, we get:
Mode = 75-79
Therefore, the mode speed of the cars is 75-79 km/h.
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Laila would like to have a high salary to be able to help her family and afford to travel. Where might she work as a civil engineer to earn the highest average wage?
A.
international energy sector
B.
private architecture firm
C.
nonresidential building construction
D.
US federal government
The answer is, If Laila would like to have a high salary to be able to help her family and afford to travel, she should work at nonresidential building construction as a civil engineer to earn the highest average wage.
Therefore the correct answer is C. nonresidential building construction.
What exactly does a civil engineer do?Roads, trains, tunnels, and other structures are designed and constructed by civil engineers. Large buildings and intricate constructions like multi-story parking garages, train stations, stadiums, hospitals, and airports are designed and constructed by them.
Is a profession in civil engineering worthwhile?If you're looking for a career in an engineering profession that is expanding and has a high earning potential, civil engineering is a fantastic choice. More civil engineers are needed as cities expand to design and oversee public works initiatives and replace deteriorating infrastructure.
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Calculate,from the following information accumulated by Bob Verna,the adjusted cash balance at the end of july.
Bank staement rnding cash balance $6000
General ledger cash balance ending 8500
Bank monthly service charge 90
Deposits in transit 5000
Outstanding cheques 3000
NSF cheque returned with bank
Statement 410
A) $8000
B) 11000
C) 6000
D) 8500
The adjusted cash balance at the end of July for Bob Verna, based on the following information, is A) $8,000.
What is the adjusted cash balance?The adjusted cash balance is the difference between the ending cash balance as per the general ledger and transactions captured in the bank statement but not recorded in the general ledger.
Some of the items used for adjusting the cash balance during bank reconciliations include:
Bank chargesNSF checks returnedDirect credits and debits.Bank statement ending cash balance = $6,000
General ledger cash balance ending = $8,500
Bank monthly service charge $90
Deposits in transit $5,000
Outstanding checks $3,000
NSF check returned with bank statement $410
Adjusted Cash Balance:General ledger cash balance ending = $8,500
Bank monthly service charge ($90)
NSF check returned with bank statement ($410)
Adjusted cash balance = $8,000
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Successful teams share several characteristics. For example, successful teams___________
a) Address conflict
b)ignore troublesome members
c)compete rather than collaborate
The correct option is a) Address conflict. Successful teams are those that are able to effectively handle conflicts and disagreements that arise within the group.
Conflict is a natural part of any team or group dynamic, and ignoring it or brushing it under the rug can lead to long-term damage and dysfunction within the team. Successful teams are those that are able to identify the source of the conflict, address it directly and respectfully, and work towards a solution that is acceptable to all members. Ignoring troublesome members or competing rather than collaborating are not characteristics of successful teams. Troublesome members can disrupt team dynamics and negatively impact overall performance, so it's important for teams to address any issues and work towards a resolution. Collaboration is essential for successful teams, as it promotes teamwork, communication, and innovation. In summary, successful teams prioritize conflict resolution, collaboration, and effective communication. They are able to work together towards a common goal, handle conflicts in a constructive manner, and respect the opinions and contributions of all team members.
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You took out a business loan on January 1st for 100,000. The loan is a five-year loan and charges an APR of 5%. What was the Interest Expense amount for the month of May of the first year?
Answer: $407.40
Explanation:
To calculate the interest expense for the month of May, we first need to find the monthly interest rate and then apply it to the outstanding loan balance.
Step 1: Convert the annual interest rate (APR) to a monthly interest rate:
APR = 5%
Monthly interest rate = (1 + 0.05)^(1/12) - 1 ≈ 0.4074%
Step 2: Calculate the interest expense for the month of May:
Outstanding loan balance = $100,000 (since no payments have been made yet)
Interest expense for May = $100,000 * 0.004074 ≈ $407.40
The interest expense for the month of May in the first year is approximately $407.40.
The interest expense amount for the month of May in the first year of the loan is approximately $385.43. The calculation is shown in the attached image below.
A loan is a financial arrangement in which one party, typically a financial institution or lender, provides funds to another party, known as the borrower. The borrower agrees to repay the loan amount over time, typically with interest and any additional fees or charges as specified in the loan agreement.
A line of credit is a pre-approved loan amount that a borrower can access as needed. The borrower can withdraw funds up to the specified credit limit and repay the borrowed amount with interest.
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Why do experts predict that the number of surveyor jobs will not increase at as fast a rate as many other jobs?
A.
It’s such an easy job that people can do it themselves without hiring an expert.
B.
It is such a difficult and dangerous job that most people will not want to do it.
C.
Robots and other technologies will let fewer surveyors do more work.
D.
Most of the land that can be developed already has been developed.
The correct answer is D.Most of the land that can be developed already has been developed.
The reason why experts predict that the number of surveyor jobs will not increase at as fast a rate as many other jobs is because of option C, robots and other technologies will let fewer surveyors do more work. With advancements in technology, such as drones and GPS surveying equipment, the need for human surveyors is decreasing. These technologies can perform surveying tasks more quickly and accurately than traditional methods, which reduces the need for human surveyors.it’s such an easy job that people can do it themselves without hiring an expert, is not a valid reason as surveying is a specialized profession that requires specific skills and knowledge.it is such a difficult and dangerous job that most people will not want to do it, is also not a valid reason as surveying can be a challenging job, but it is not necessarily dangerous or unappealing.
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Your business depends a lot on gas to transport your goods to stores. The price of oil decreases this will most likely cause the price of your product to_____?
D.Day Enterprise is a merchant dealing in imported goods. The following balances were extracted from the books of the business on 31 December 2014.
Accounts details $
Purchases 74,400
Sales 141,600
Return inwards 4,900
Sundry expenses 370
Freight charges 6,240
Motor vehicle expenses 7,250
Rent and Rates 5,720
Wages 19,600
Bank Loan interest 300
Bank Loan 6,000
Accounts receivable 15,000
Accounts payable 6,050
Inventory as at 1 January 2014 8,540
Equipment 5,800
Motor Vehicle 26,400
Drawings 12,000
Capital 35,700
Cash at Bank 2,830
i. Closing inventory at 31 December 2014 was valued at $10,750.
ii. A provision for doubtful debts of 3% of accounts receivable is to be made.
iii. The rent and rates amount given above includes rent of $900 prepaid till 31 March 2015.
iv. Interest on the loan is at the rate of 10% per annum.
v. Motor vehicles are to be depreciated by 20% per annum.
Prepare the Trial Balance based on the information given in the above table (Ignore the additional information when creating the Trial balance
Answer:Account Title Debit ($) Credit ($)
Purchases 74,400
Sales 141,600
Return inwards 4,900
Sundry expenses 370
Freight charges 6,240
Motor vehicle expenses 7,250
Rent and Rates 5,720
Wages 19,600
Bank Loan interest 300
Bank Loan 6,000
Accounts receivable 15,000
Accounts payable 6,050
Inventory 8,540
Equipment 5,800
Motor Vehicle 26,400
Drawings 12,000
Capital 35,700
Cash at Bank 2,830
Total 189,950 189,950
Note: The Trial Balance is a statement that lists all the accounts in the ledger along with their debit or credit balances. The total of the debit balances should be equal to the total of the credit balances.
Explanation:: The Trial Balance is a statement that lists all the accounts in the ledger along with their debit or credit balances. The total of the debit balances should be equal to the total of the credit balances.
what are five recommendations to assist organisations in coping with uncertainty in the environment
Answer:
These are the 5 recommendations to assist organisations in coping with uncertainty in the environment:-
1.Build in flexibility
2.Be transparent
3.Implement and Optimize
4.Embrace Ambiguity
5.Start by changing yourself
Answer:
1- Develop agility and adaptability: Organizations need to be agile and adaptable to cope with uncertainty. They should be prepared to respond quickly to changes in the environment, such as market shifts or changes in customer needs. This can be achieved by fostering a culture of innovation and experimentation, encouraging cross-functional collaboration, and investing in continuous learning and development.
2- Conduct scenario planning: Scenario planning is a powerful tool for managing uncertainty. It involves developing multiple scenarios of how the future might unfold and preparing contingency plans for each scenario. This allows organizations to be better prepared for different outcomes and to respond more quickly and effectively to changes in the environment.
3- Diversify your offerings: Diversifying your offerings can help to mitigate risks associated with uncertainty. By offering a range of products or services, organizations can reduce their dependence on any one market or customer segment. This can also help to open up new opportunities and revenue streams.
4- Build resilience into your operations: Building resilience into your operations can help to minimize the impact of uncertainty. This includes developing contingency plans for supply chain disruptions, investing in robust IT systems, and building a strong financial position.
5- Stay informed: Staying informed about changes in the environment is critical for managing uncertainty. This involves monitoring industry trends, staying up-to-date with regulatory changes, and engaging with stakeholders to understand their needs and concerns. By staying informed, organizations can be better prepared to respond to changes in the environment and to capitalize on new opportunities.
Case Study - Leadership Qualities
Brad was chosen for a management training program at the bank. As part of the training, he spent a month as temporary manager of a small branch of the bank. A supervisor observed and evaluated his performance.
Brad was determined to do well and show everyone he was a leader. He made sure he knew all the rules and regulations. He even added a few of his own. He decided, for one thing, that women could not wear pants suits. When they asked for his reason, he said he just felt that women's pants suits did not fit the bank's image.
He was at work early every morning. He made it a point to check everyone in. If anyone was even a few minutes late, Brad would criticize that person in front of the whole staff. He knew that this was embarrassing, but he felt it served as a good warning to the others.
Some of the tellers in the branch were older employees who had been there for many years. To prove he was boss and not afraid of them, Brad made these senior employees change the way they did several things.
"You do it like this because I say so," he replied when some of the tellers tried to question him about the reason for the changes.
To demonstrate that he was alert and on top of things, Brad kept an eye on the tellers and watched what they did. If he did not like something, he did not hesitate to say so and correct the teller, even if a customer was there.
Brad felt that he had to assert himself and let everyone know who was running things. When the training program ended, he was surprised that he was not promoted to permanent manager.
What is the real problem?
What are the important facts to consider in this problem?
What solutions to this problem can you think of? Describe a few.
What would happen if the solutions you suggested were followed? Explain the results of each solution you described.
Of the solutions you described, which would you recommend? Why?
The answer of the given question are given below by understanding the given Case study
The real problem in this case is that Brad's approach to leadership is authoritarian, inflexible, and disrespectful. He is more concerned with asserting his authority and demonstrating his power than building relationships with his team, encouraging collaboration, or improving the branch's performance.
Important facts to consider in this problem include Brad's attitude towards his team members, his lack of willingness to listen to others, and his obsession with rules and regulations. Additionally, it is crucial to consider the impact of Brad's behavior on team morale, productivity, and customer satisfaction.
Solutions to this problem could include:
Coaching: Brad could benefit from coaching or mentoring to help him understand the importance of leadership qualities like empathy, listening, and collaboration.
Feedback: Providing Brad with feedback about his behavior and its impact on his team could help him understand the need to modify his approach.
Training: Brad could benefit from training on leadership styles and effective communication to help him develop a more collaborative approach.
If these solutions were followed, the coaching and feedback would help Brad understand the importance of building relationships with his team members, empowering them, and encouraging collaboration. The training would provide him with new skills and techniques that would help him to modify his leadership style to become more effective.
Of the solutions described, coaching and feedback would be the most effective in helping Brad develop the necessary leadership qualities. These solutions would help him to understand that leadership is not just about power and control, but also about building relationships, empowering others, and working collaboratively towards common goals"
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Question 15 of 20
Which information in the accounts payable subsidiary journal is entered after
the amount of credit or debit?
A. the terms of the sale
B. the date
C. the name of the vendor
OD. the balance
SUBMIT
Answer:
credit entry
Explanation:
The accounts payable subsidiary ledger is a breakdown of the total amount of payables listed on the general ledger. In other words, the subsidiary ledger contains the individual payables owed to each of the suppliers and vendors, as well as the amounts owed.
When recording an account payable, debit the asset or expense account to which a purchase relates and credit the accounts payable account. When an account payable is paid, debit accounts payable and credit cash. Payroll entry.
The accounts payable subsidiary ledger provides detailed information about amounts owed to creditors.
The total of the individual account balances in the accounts receivable subsidiary ledger should agree with the total of the individual account balances in the accounts payable subsidiary ledger.
can someone please do this
Comparative Advantage
Colombia has an absolute advantage in motor cycles. Colombia has absolute advantage in speed boats
Japan has comparative advantage in motorcycles, Colombia has comparative advantage in speed boats
How to find the absolute advantageJapan produces 25 million motorbikes and 2.5 million speedboats throughout the same time span as Columbia, which produces 30 million motorcycles and ten million speedboats annually. While producing motorbikes and speedboats gives Columbia an absolute advantage, doing so merely gives it a comparative advantage.
We can observe that Columbia is 1.2 times more skillful than Japan at making motorcycles and is four times more skilled than Japan at making speed boats when we compare how well each of these products are produced in each country. As a result, Columbia can create speed boats at a lower opportunity cost than Japan since they have less to lose by directing more of their resources toward the development of speed boats and less toward other types of vehicles.
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Explain six factors that affect goal congruence
Answer:
Goal congruence refers to the alignment of objectives between agents and principals, or between individuals and the organization as a whole[1]. Several factors can affect goal congruence, including external and internal factors[2]. External factors include societal norms of desirable behavior[2]. Internal factors include organizational design, leadership, morale, efficiency, stability, productivity, and effectiveness[2][3][4]. The Nadler-Tushman Congruence Model suggests that individual tasks, skills, knowledge, and work flow can also impact goal congruence[5]. Overall, goal congruence is influenced by a variety of factors, both internal and external, that can impact the alignment of objectives between individuals and the organization.
Consider the following information for Maynor Company, which uses a periodic inventory system:
Transaction Units Unit Cost Total Cost
January1 Beginning Inventory 35 $85 $2,975
March 28 Purchase 45 91 4,095
August 22 Purchase 70 95 6,650
October 14 Purchase 75 101 7,575
Goods Available for Sale 219 $20,508
The company sold 75 units on May 1 and 70 units on October 28.
Required:
Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods.
A. FIFO
B. LIFO
C. Weighted Average.
A. FIFO
Ending Inventory: $8,050
Cost of Goods Sold: $13,245
B. LIFO
Ending Inventory: $7,610
Cost of Goods Sold: $13,685
C. Weighted Average
Ending Inventory: $6,930.16
Cost of Goods Sold: $13,577.80
How to find the FIFOA. FIFO (First In, First Out)
Under the FIFO method, the first goods purchased are assumed to be the first goods sold. Therefore, for the May 1 sale of 75 units:
35 units from the January 1 Beginning Inventory (35 units * $85 = $2,975)
40 units from the March 28 Purchase (40 units * $91 = $3,640)
For the October 28 sale of 70 units, we take:
5 units from the March 28 Purchase (5 units * $91 = $455)
65 units from the August 22 Purchase (65 units * $95 = $6,175)
Cost of Goods Sold (COGS) = $2,975 + $3,640 + $455 + $6,175 = $13,245
Ending Inventory:5 units from the August 22 Purchase (5 units * $95 = $475)
75 units from the October 14 Purchase (75 units * $101 = $7,575)
Ending Inventory = $475 + $7,575 = $8,050
B. LIFO (Last In, First Out)
Under the LIFO method, the last goods purchased are assumed to be the first goods sold. For the May 1 sale of 75 units, we take:
35 units from the January 1 Beginning Inventory (35 units * $85 = $2,975)
40 units from the March 28 Purchase (40 units * $91 = $3,640)
For the October 28 sale of 70 units, we take:
70 units from the October 14 Purchase (70 units * $101 = $7,070)
Cost of Goods Sold (COGS) = $2,975 + $3,640 + $7,070 = $13,685
Ending Inventory:
5 units from the March 28 Purchase (5 units * $91 = $455)
70 units from the August 22 Purchase (70 units * $95 = $6,650)
5 units from the October 14 Purchase (5 units * $101 = $505)
Ending Inventory = $455 + $6,650 + $505 = $7,610
C. Weighted Average
Under the weighted average method, we calculate the average cost per unit for all goods available for sale.
Total Cost of Goods Available for Sale = $20,508
Total Units Available for Sale = 219
Weighted Average Cost per Unit = $20,508 / 219 = $93.64 (rounded to 2 decimal places)
For the May 1 sale of 75 units:
COGS = 75 units * $93.64 = $7,023
For the October 28 sale of 70 units:
COGS = 70 units * $93.64 = $6,554.80
Total Cost of Goods Sold (COGS) = $7,023 + $6,554.80 = $13,577.80
Ending Inventory = 74 units * $93.64 = $6,930.16
To summarize:
A. FIFO
Ending Inventory: $8,050
Cost of Goods Sold: $13,245
B. LIFO
Ending Inventory: $7,610
Cost of Goods Sold: $13,685
C. Weighted Average
Ending Inventory: $6,930.16
Cost of Goods Sold: $13,577.80
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Why might using a formal decision-making process make sense for a person trying to choose between a career as a radiology technician and a doctor?
A.
It provides a “plan B” profession in case they don’t succeed in their first choice.
B.
It provides a solid plan for taking graduate-level courses to do either career.
C.
It will help them create short-term and mid-term goals to achieve either long-term goal.
D.
It can help them research the careers and weigh the options to make the best choice for them.
The correct option is D. Using a formal decision-making process can help a person research the careers of a radiology technician and a doctor and weigh the options to make the best choice for them.
Choosing a career is a significant decision that can have a significant impact on a person's life. Using a formal decision-making process can help individuals assess their strengths, interests, and values to determine which career is the best fit for them.By researching both professions, individuals can gain a better understanding of the education and training required, job responsibilities, salary expectations, and job outlook. This information can help individuals weigh the pros and cons of each career and make an informed decision.Using a formal decision-making process can also help individuals create short-term and mid-term goals to achieve their long-term career goals.
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Assume a merchandising company provides the following information from its master budget for the month of May:
Sales $ 118,000
Cost of goods sold $ 94,000
Selling and administrative expenses $ 28,000
Accounts receivable, May 1st $ 17,000
Accounts receivable, May 31st $ 23,000
If all of the company’s sales are on account, what is the amount of cash collections from customers included in the cash budget for May?
Answer:$129,000
Explanation:
Beginning accounts receivable: $17,000
Ending accounts receivable: $23,000
Increase in accounts receivable: $23,000 - $17,000 = $6,000
Cash collections from customers = Credit sales - Increase in accounts receivable + Beginning accounts receivable
Cash collections from customers = $118,000 - $6,000 + $17,000
Cash collections from customers = $129,000
Tarryn wants to become a farmer, but she also wants to able to take vacations every year. Which group of farmers often has difficulty taking vacation, as their work takes place year-round?
A.
cattle farmers
B.
corn farmers
C.
sugar farmers
D.
orchard farmers
Cattle farmers often has difficulty taking vacation, as their work take place year - round.
In cattle farming, two different kinds of animals are raised and managed: one is used for food production, such as milk, while the other is used for labor-intensive tasks, such as digging, irrigation, etc. Milk/dairy animals are those that produce milk. Goats, buffalo, cows, etc. are a few examples. Draught animals are animals that are utilised for labour. Since dairy animals are raised and developed specifically for milk, we must increase milk production to satisfy demand. The lactation period is the time after a calf is born when a cow begins to produce milk.
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Carmelo says " A movie theater charges the same price for a popular movie as it does for an unpopular movie. Obviously, the movie theater doesn't charge more when demand for the movie is higher than when it is lower." Shelby counters by saying, "Movie the alter often call the more popular movies special engagements and do not accept any discount tickets for them. " If Shelby is correct, does her point negate Carmelo's? Explain your answer
Carmelo's statement is about theater charging the same price for popular and unpopular movies, while Shelby's point is about theaters calling popular movies "special engagements" and not accepting discount tickets.
What are movies?Movies, also known as films, are a form of visual storytelling that combine various elements such as acting, cinematography, sound, and special effects to convey a narrative to the audience. Typically, movies are presented in theaters or on various media platforms such as television, streaming services, or DVD. They can be fictional or non-fictional, and range in genres from drama, comedy, romance, action, horror, and more. Movies have the power to entertain, educate, and inspire audiences, and have become a major form of popular culture worldwide. Some movies have even become cultural phenomena, with dedicated fan bases and spin-off merchandise. The art of filmmaking continues to evolve with advances in technology and changing audience tastes.
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What are the benefits of having a high credit score?
A.
lowers your monthly rent payments
B.
lets you check off a goal on your academic or career plan
C.
lets lenders know that you pay your debts on time
D.
gives you a better reputation among coworkers
A high credit score provides several benefits, the most significant of which is making it easier to obtain credit at lower interest rates. This means that borrowers with a high credit score can access better loan terms.
Having a high credit score also lets lenders know that you are a responsible borrower who pays their debts on time. This can make it easier to secure loans, credit cards, and other financial products, as lenders are more likely to view you as a low-risk borrower.Additionally, a high credit score can also impact non-financial aspects of your life, such as renting an apartment or even getting a job. Landlords and employers may check your credit score to assess your reliability and trustworthiness.a high credit score is a valuable asset that can help you save money, access credit more easily, and improve your financial and personal reputation. It is important to maintain good credit habits to ensure your credit score remains high.
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You work for Kolb Aircraft Company. Kolb builds ultralight and experimental airplanes for flying enthusiasts. As a quality assurance manager, you’ve been invited to join a team that studies Federal Aviation Administration (FAA) safety regulations and applies them to the experimental airplanes Kolb sells. At the team’s first meeting, you are asked to prepare a summary report of FAA safety standards. Now, at your second team meeting, you deliver your report to the group. After the presentation, several group members begin discussing the company barbecue they attended last Friday.
Which team behavior does this situation describe?
a)Contributing information and ideas
b)Wasting the group’s time
c)Encouraging members to participate
Members of the group ought to comment on the presentation when it is finished, but since they are chatting about barbeque, their behaviour is inappropriate.
What conduct is permitted among group members?They include creating a trust-based environment and dynamic, handling conflict, inspiring and motivating commitment, assuring accountability, and achieving successful outcomes.
In order to accomplish goals, collaborate with others. Manage performance in a responsible and equitable way. Constructive criticism is given and received as part of routine daily work. Such comments must to be supported by facts and given in a suitable way. Trust, Conflict, Commitment, Responsibility, and Results are the five behaviours.
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A company that uses a perpetual inventory system made the following cash purchases and sales:
Jan, 1: Purchased 100 units at $10 per unit.
Feb, 5: Purchased 60 units at $12 per unit.
March, 16: Sold 40 units for $ 16 per unit.
Prepare the general journal entry to record the March 16 sale assuming a cash sale and the LIFO method is used:
a. Dr Cash 640
Cr Sale revenue 640
Dr COGS 450
Cr Inventories 450
b. Dr Cash 640
Cr Sale revenue 640
Dr COGS 840
Cr Inventories 840
c. Dr Cash 640
Cr Sale revenue 640
Dr COGS 480
Cr Inventories 480
d. Dr Sale revenue 640
Cr cash 640
Dr COGS 480
Cr Inventories 480
e. None of these
The correct answer is option (c) Dr Cash $640, Cr Sale revenue $640, Dr COGS $480, Cr Inventories $480.
To determine the cost of goods sold (COGS) using the LIFO method, we assume that the last units purchased are the first ones sold. Therefore, the cost of the 40 units sold on March 16 is calculated as follows:
Cost of 40 units purchased on Feb 5 = 40 x $12 = $480
The general journal entry to record the March 16 sale assuming a cash sale and the LIFO method is used is:
Dr Cash $640
Cr Sale revenue $640
Dr COGS $480
Cr Inventories $480
Inventories are assets held for sale or use in the ordinary course of business. They include raw materials, work in progress, and finished goods. Proper management is essential for profitability.
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how can you minimize bias in your communication
Answer:
Principles of Preventing Bias. To earn readers' respect and trust and to prevent alienating readers, writers should write in an inclusive and objective manner. ...
Generalization, evidence, self-awareness, objectivity, sensitivity, gender-neutral pronouns, and sensitivity.
Language Policy: People First and Identity First.
Explanation:
When an EMT first questions a patient, what are they MOST directly trying to understand?
A.
the patient’s insurance information
B.
the patient’s basic information, like name and age
C.
the patient’s current symptoms
D.
the patient’s knowledge of what happened
You have been placed in charge of the closing process for Magnolia Tree Services for the period ending December 31. Time is short, and you must delegate the closing tasks to three bookkeepers in your department. For your initial post, write an email to your co-workers (Sally, Jim and Jan), assigning each of them specific tasks to complete by the end of the week. In the email list the required closing tasks and identify which employee is responsible for each task. Make sure that your co-workers understand the order of the tasks they are to perform.
Dear Sally, Jim, and Jan,
I hope this email finds you all well. As you know, we need to complete the closing process for Magnolia Tree Services for the period ending December 31. Time is of the essence, and I'm assigning specific tasks to each of you to ensure we can complete the process by the end of the week. Please find your respective tasks below, along with the order in which they should be performed.
Sally:
1. Review and reconcile all general ledger accounts for accuracy and completeness.
2. Adjust the accounts for any necessary accruals, deferrals, or reclassifications.
3. Prepare and post all adjusting journal entries.
Jim:
1. After Sally has completed her tasks, verify the accuracy of the trial balance.
2. Prepare the financial statements, including the balance sheet, income statement, and statement of cash flows.
3. Review the financial statements for any discrepancies and communicate with Sally if any adjustments are needed.
Jan:
1. Once Jim has finalized the financial statements, close the temporary accounts (revenue, expense, and dividend accounts) by transferring their balances to the retained earnings account.
2. Prepare and post closing journal entries.
3. Prepare the post-closing trial balance to ensure all temporary accounts have a zero balance.
Please ensure that you complete your tasks in the order listed above, as each task relies on the successful completion of the previous tasks. If you encounter any issues or need clarification, don't hesitate to reach out to me or your colleagues. Let's work together to complete the closing process by the end of the week.
Thank you for your dedication and hard work. I appreciate your cooperation and timely completion of these tasks.
Best regards