When the Taylor company had cost of goods sold amounting to $2,190, the amount of inventory purchased during the period was $2,460.
What is cost inventory?Cost of inventory is the total cost that a business incurs to acquire and hold inventory. It includes the purchase price of the inventory, any costs associated with transporting or shipping the inventory, and any costs incurred to get the inventory ready for sale, such as inspection or assembly costs. The cost of inventory is important for businesses to know in order to properly value their inventory and calculate their cost of goods sold.
To find the amount of inventory purchased during the period, we can use the following formula:
Inventory purchased = Cost of goods sold + Ending inventory - Beginning inventory.
Substituting the given values, we get:
Inventory purchased = $2,190 + $840 - $570
Inventory purchased = $2,460
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Tom has offered to sell Julian his motorcycle for $1,200. Julian knows this is a very good deal, since the same motorcycle can be purchased at the dealership for $1,800. Since Julian doesn’t have $1,200 and Tom does not accept credit cards, they both think a cash advance might be a good idea. Julian’s credit card company can offer him a cash advance for the $1,200 he needs at an interest rate of 26%. He would then pay off the balance in 24 months.
Should Julian use the cash advance to purchase the motorcycle?
It is not recommended for Julian to use the cash advance to purchase the motorcycle as he would end up paying more for the motorcycle than its actual value.
Assuming that there are no other fees associated with the cash advance, Julian would need to pay 26% interest on the $1,200 cash advance over 24 months. This means that Julian would pay an additional $748.80 in interest over the 24 months.
Therefore, the total cost of the motorcycle using the cash advance would be $1,948.80 ($1,200 + $748.80 in interest).
Comparatively, purchasing the same motorcycle at the dealership for $1,800 would be a better financial decision since it would cost less than the cash advance option.
Instead, Julian could try to negotiate with Tom for a payment plan or explore other financing options with lower interest rates.
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rudolph likes to skydive as a hobby. though he is careful when he skydives, why is he likely to have a higher insurance premium than sandy, who jogs as a hobby?
Rudolph is likely to have a higher insurance premium than Sandy because skydiving carries a higher risk of injury than jogging. The increased risk of injury associated with skydiving can lead to higher insurance premiums.
Rudolph likes to skydive as a hobby. Rudolph is likely to have a higher insurance premium than Sandy, who jogs as a hobby because skydiving is a risky activity. Skydiving has a higher risk of injury or death compared to jogging. Sandy, on the other hand, jogs as a hobby, which is a relatively safe activity, and the risk of injury or death is low. Insurance premiums are paid to protect the individual or company from the risk of damage or loss, so the higher the risk of injury or loss, the higher the insurance premium.Insurance companies decide on premiums based on several factors, including the likelihood of an event occurring, the severity of the event, and the potential cost of the event. Therefore, Rudolph is likely to have a higher insurance premium than Sandy as skydiving has a higher probability of injury, and the cost of injury could be higher than the cost of injury from jogging.Learn more about insurance: https://brainly.com/question/1373572
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which of the following is not an outcome in the motivation equation? group of answer choices vacation feeling of accomplishment job security level of customer service
The outcome "level of customer service" is not a part of the motivation equation. Option C is correct.
The motivation equation typically includes three key components: expectancy, instrumentality, and valence. Expectancy refers to an individual's belief that their efforts will lead to a desired outcome. Instrumentality refers to the belief that the desired outcome will be rewarded or recognized. Valence refers to the value or importance that the individual places on the desired outcome.
The motivation equation is a theoretical framework that describes how individuals are motivated to perform tasks or achieve goals. It consists of three key components: expectancy, instrumentality, and valence. Expectancy refers to an individual's belief that their efforts will lead to a desired outcome. For example, if an employee believes that their hard work will result in a promotion, they are more likely to be motivated to put forth effort.
Instrumentality refers to the belief that the desired outcome will be rewarded or recognized. For example, if an employee believes that a promotion will lead to a higher salary or increased status, they are more likely to be motivated to work towards that promotion. Valence refers to the value or importance that the individual places on the desired outcome. For example, if an employee values job security highly, they may be more motivated to work towards a promotion that provides more stability in their job. Option C is correct.
The complete question is
Which of the following is NOT an outcome in the motivation equation?
A) job security
B) feeling of accomplishment
C) level of customer service
D) vacation
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true or false: privately held firms tend to rely almost exclusively on the use of market value weights in the calculation of their weighted average cost of capital.
The statement "Privately held firms do not tend to rely almost exclusively on the use of market value weights in the calculation of their weighted average cost of capital" is false. They use the book value of capital in the calculation of their WACC.
What is a privately held firm?A privately held firm is a company that is not publicly traded. In other words, it is a company that is privately held by its owners or shareholders. Such companies are often family businesses or start-ups that have not yet gone public to raise additional capital.
In general, privately held firms use the book value of capital in the calculation of their WACC. This is because the market value of their assets and liabilities may not be easily discernible due to the company not being traded on the stock market.
Therefore, it is difficult to ascertain market values. Privately held firms, therefore, prefer to use the book value of assets and liabilities to calculate their WACC.
In contrast, publicly traded companies use the market value of capital in their WACC calculation. This is because the market value of assets and liabilities is publicly available for these companies. As a result, public companies tend to use market value weights in the calculation of their WACC.
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for project selection, which of the following is not a key input? group of answer choices costs related to the project capital required likelihood of success effect on customer popularity among team members
For project selection, "popularity among team members" is not a key input. While choosing a project, an organization must consider various factors that may impact the outcome of the project.
In this scenario, popularity among team members is not one of the key inputs.
Costs related to the project: It includes capital required, infrastructure costs, operating expenses, etc.Likelihood of success: It's important to assess the probability of success before investing time and money in a project. If the likelihood of success is low, the organization must consider if the project is worth investing in.Effect on customer: Customer satisfaction is essential for any business, so the project must have a positive impact on the customers.Popularity among team members: This is not one of the key inputs. Although it's important to have a team that is excited and passionate about the project, it's not the only factor that determines success. The team's skills, experience, and qualifications are more important.Project selection is a crucial process that requires careful consideration of several factors. It can determine the success or failure of an organization.
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t is covered by an accidental death and policy that has an irrevocable beneficiary what action will the insurance company take if t requests a change of beneficiary
The action that the insurance company will take if T requests a change of beneficiary is that the request will be denied.
The action that the insurance company will take if T requests a change of beneficiary for an Accidental Death and Dismemberment (AD&D) policy with an irrevocable beneficiary is that the request will be denied, as an irrevocable beneficiary cannot be changed without their consent. The insurance company is obligated to follow the terms of the policy and cannot make changes without the consent of the irrevocable beneficiary.
An irrevocable beneficiary is a designated beneficiary who cannot be changed without their consent. In other words, once an irrevocable beneficiary is named, that person or entity cannot be removed or changed as the beneficiary of the policy without their permission.
The primary advantage of naming an irrevocable beneficiary is that it ensures that the beneficiary will receive the death benefit of the policy, regardless of any changes that may occur in the policyholder's personal or financial circumstances. This can provide a sense of security and peace of mind for both the policyholder and the beneficiary.
However, the downside of naming an irrevocable beneficiary is that it limits the policyholder's flexibility to make changes to the policy. If the policyholder wants to change the beneficiary, they must obtain the consent of the irrevocable beneficiary, which can be difficult or impossible in some cases.
The complete question is
T is covered by an Accidental Death and Dismemberment (AD&D) policy that has an irrevocable beneficiary. What action will the insurance company take if T requests a change of beneficiary?
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the charter of a corporation provides for the issuance of 146,000 shares of common stock. assume that 40,000 shares were originally issued and 5,000 were subsequently reacquired. what is the amount of cash dividends to be paid if a $4 per share dividend is declared?
$140,000 is the amount of cash dividends to be paid if a $4 per share dividend is declared
The number of shares of common stock outstanding after the reacquisition is:
40,000 - 5,000 = 35,000 shares
Therefore, if a $4 per share dividend is declared, the total amount of cash dividends to be paid is:
35,000 shares x $4 per share = $140,000.
This question involves understanding the basic principles of corporate finance, specifically the issuance and reacquisition of shares and the calculation of cash dividends. The charter of a corporation sets out the terms of the company's ownership structure, including the total number of authorized shares of stock and the types of shares that can be issued. In this case, the charter provides for the issuance of 146,000 shares of common stock, but only 40,000 shares have been issued so far. If the company subsequently reacquires some of its shares, the number of outstanding shares is reduced accordingly, which affects the calculation of dividends. Dividends represent a distribution of a company's earnings to its shareholders and are usually paid in cash on a per-share basis. To calculate the total amount of cash dividends to be paid, the number of outstanding shares is multiplied by the dividend per share.
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becky fenton has 100/200/110 automobile insurance coverage. if two other people are awarded $145,000 each for injuries in an auto accident in which becky was judged at fault, how much of this judgment would the insurance cover?
The amount of this judgement that the insurance would cover is $200,000.
What does automobile insurance coverage imply?
Automobile insurance coverage is the maximum amount of money an insurance company will pay out to a policyholder if they are involved in an accident or experience damage to their automobile.
The amount of coverage differs from state to state and from policy to policy.
What is the coverage that Becky Fenton has?
The automobile insurance coverage that Becky Fenton has is 100/200/110.
What does 100/200/110 coverage imply?
The following is what each of these terms indicates:
$100,000 bodily injury liability per person
$200,000 bodily injury liability per accident
$110,000 property damage liability per accident
Therefore, the amount of this judgement that the insurance would cover is $200,000.
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team sports has 5.2 million shares of common stock outstanding, 3.2 million shares of preferred stock outstanding, and 32 thousand bonds. if the common shares are selling for $4.20 per share, the preferred share are selling for $16.2 per share, and the bonds are selling for 98.88 percent of par, what would be the weight used for common stock in the computation of team's wacc?
The weight of equity in common stock is equal to 20.74%.
Instead of merely averaging the totals, the weighted average cost of equity (WACE) gauges the cost of equity proportionally for a business. The cost of a specific equity category is multiplied by the proportion of the capital structure it reflects when calculating the weighted average cost of equity.
Cost of Equity equals Risk-Free Rate of Return plus Beta according to this formula. (Market Rate of Return – Risk-Free Rate of Return).
By combining each data point by its weight and adding the resulting products, the weighted average is calculated. The weights for all the data values are then added. Divide the weight*value products by the total weights to finish.
Value of common stock = 5.2 million*$4.20 per share =21.84 million
Value of preferred stock = 3.2 million*$16.2 =51.84 million
Value of Bond = 0.032 million*$1000*0.9888 =31.64 million
Total value = $21.84+51.84+31.64
=$105.32 millions
Weight of equity = $21.84/*105.32
=20.74%.
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organizations cannot gain a competitive advantage by enhancing existing products or services. true false
The given statement "organizations cannot gain a competitive advantage by enhancing existing products or services." is false as it is a way to scale business.
Competitive advantage refers to factors that allow a company to produce goods or services better or more cheaply than its rivals. These factors allow the productive entity to generate more sales or superior margins compared to its market rivals. Cost structure, branding, the standard of the product offerings, the distribution system, intellectual property, and customer service are just a few examples of the factors that are thought to contribute to competitive advantages.
competitive advantages tend to be things competitors cannot easily replicate or imitate. Businesses can figuratively dig moats around themselves to enclose competitive advantages, which Warren Buffet refers to as economic moats.
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stephanie's portfolio consists of $13,000 in berkshire hathaway stock and $5,000 in us treasurys. the beta of berkshire hathaway is 0.77. what is the beta of stephanie's portfolio?
The beta of Stephanie's portfolio will be 0.556.
To calculate the beta of the Stephanie's portfolio, we need to first calculate the weights of the each asset in the portfolio:
Weight of the Berkshire Hathaway stock: $13,000 / ($13,000 + $5,000) = 0.722
Weight of US Treasuries: $5,000 / ($13,000 + $5,000) = 0.278
Next, we can use the weights and the betas of each asset to calculate the portfolio beta using the formula:
Portfolio beta = Weight of asset 1 x Beta of asset 1 + Weight of asset 2 x Beta of asset 2
Plugging in the values, we get:
Portfolio beta = 0.722 x 0.77 + 0.278 x 0
= 0.556
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unlike affirmative action, diversity: group of answer choices can exist even if organizations do not take purposeful steps to create it. focuses on creating employment opportunities for minorities and women. is basically a punitive approach to create a positive work environment. is required by law for private employers with fifty or more employees.
Unlike affirmative action, diversity is basically a punitive approach to create a positive work environment. Option C is the correct answer.
Affirmative action is really a coercive strategy. Contrarily, the overall goal of diversity initiatives is to foster an atmosphere where no one is disadvantaged or advantaged, where "we" refers to everyone, where everyone can perform at their highest level, where differences are valued rather than downplayed, and where everyone feels at ease. Option C is the correct answer.
Hence, diversity initiatives aim to benefit both enterprises and their workers by encouraging organizations to respect all types of differences, in contrast to affirmative action, which penalizes corporations for failing to achieve particular sex and racial ratios in their workforces. When employees and clients of a company exhibit a wide range of demographic, cultural, and personal distinctions, then that organization is said to be diverse. Option C is the correct answer.
The complete question is, "Unlike affirmative action, diversity: group of answer choices
A. can exist even if organizations do not take purposeful steps to create it.
B. focuses on creating employment opportunities for minorities and women.
C. is basically a punitive approach to create a positive work environment.
D. is required by law for private employers with fifty or more employees."
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a business practice in which a buyer firm attempts to identify suppliers who will produce products according to the buyer firm's specifications is referred to as .
The term for a business practice in which a buyer firm attempts to identify suppliers who will produce products according to the buyer firm's specifications is known as sourcing.
What is sourcing?Sourcing is a business practice in which a buyer firm attempts to identify suppliers who will produce products according to the buyer firm's specifications.
Sourcing aims to find the most cost-effective and highest-quality materials, goods, and services to meet the needs of a company's clients. Sourcing is important in today's business world because it can help a company stay competitive by improving efficiency and lowering costs.
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generally, fixed-income investors are subject to which of the following risks? a. interest rate risk. b. default risk. c. purchasing power risk. d. all of the available choices are correct.
All of the available choices are correct. Fixed-income investors are subject to a variety of risks, including interest rate risk, default risk, and purchasing power risk. Interest rate risk refers to the risk that an investment’s value will decline due to a change in interest rates.
Default risk refers to the risk that the issuer of a bond or other fixed-income security will fail to make interest or principal payments when due. Purchasing power risk is the risk that an investor’s money will lose its purchasing power due to inflation.
All of these risks can have an adverse effect on the value of a fixed-income security, and all should be taken into consideration when evaluating potential investments.
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determine the earnings per share of common stock, assuming that income before bond interest and income tax is $400,000.
The earnings per share of common stock is $4.00.
The earnings per share of common stock (EPS) can be calculated using the formula EPS = (Net Income - Preferred Dividends) / Outstanding Shares. To calculate the EPS, you need to know the Net Income, Preferred Dividends, and Outstanding Shares.
In this case, the Net Income is $400,000 and the Preferred Dividends are zero, since there is no preferred stock in this problem. To calculate the EPS, you need to know the Outstanding Shares.
Assuming the Outstanding Shares is 100,000, the EPS would be:
EPS = ($400,000 - 0) / 100,000 = $4.00
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forco, a foreign corporation not engaged in a u.s. trade or business, received an $800,000 dividend from usco, a domestic corporation. forco incurred $75,000 in expenses related to earning the dividend. all of usco's income is from u.s. sources. forco is eligible for an income tax treaty that limits withholding on dividends to 10%. what is the withholding tax on the dividend paid to forco?
The withholding tax on the dividend paid to Forco is $72,500.
Here's how to calculate it:Dividend = $800,000
Expenses = $75,000
Taxable Dividend = $725,000
Withholding Rate = 10%Tax Withheld = $72,500:
The withholding tax on the dividend paid to Forco is $72,500. Forco is eligible for an income tax treaty that limits withholding on dividends to 10%.
The dividend received by Forco is $800,000, and it incurred $75,000 in expenses related to earning the dividend. To calculate the taxable dividend, we subtract the expenses from the dividend as follows:Taxable Dividend = $800,000 - $75,000 = $725,000.
The withholding rate is 10% because of the tax treaty, and we can calculate the tax withheld by multiplying the taxable dividend by the withholding rate:Tax Withheld = $725,000 x 10% = $72,500.
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in addition to empowering and rewarding service providers, as well as offering instrumental support, service managers are advised to
In addition to empowering and rewarding service providers, as well as offering instrumental support, service managers are advised to be consistent and predictable in their support .
1. Communicate clear expectations: Clearly define the roles and responsibilities of service providers, so they understand what is expected of them.
2. Provide training and development: Offer opportunities for skill development and knowledge enhancement to help service providers excel in their roles.
3. Encourage teamwork and collaboration: Foster a culture of cooperation and open communication among service providers to improve overall performance and customer satisfaction.
4. Monitor and evaluate performance: Regularly assess the performance of service providers and provide constructive feedback for improvement.
5. Recognize and celebrate success: Acknowledge and reward the achievements and hard work of service providers to boost morale and motivation.
By following these steps, service managers can ensure that they are effectively managing their service providers, leading to improved service quality and customer satisfaction.
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assume the real rate was 9.5% and the inflation rate was 4%. using the fisher effect, what was the nominal rate? multiple choice 13.88% 12.88% 12.12% 11.50% 9.50%
The Fisher Effect relates the nominal interest rate, inflation rate, and the real interest rate. The formula for the Fisher Effect is: Nominal Interest Rate = Real Interest Rate + Inflation Rate.
Using the given information, we can substitute the values in the formula to calculate the nominal interest rate. Real rate = 9.5% Inflation rate = 4% Nominal Interest Rate = 9.5% + 4% = 13.5% Therefore,The formula for the Fisher Effect is: Nominal Interest Rate = Real Interest Rate + Inflation Rate. the nominal interest rate is 13.5%. However, none of the given answer choices match this calculated value. The closest option is 13.88%, which is approximately the rounded-up value of the calculated nominal rate. Therefore, the correct answer would be 13.88%.
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during its first year of operation, xyz company has taxable income of $90,000 and accounting income of $94,000. assuming a tax rate of 30%, compute the deferred income tax amount
Given, taxable income = $90,000
Accounting income = $94,000Tax rate = 30%
We need to calculate the deferred income tax amount.
Difference between taxable income and accounting income = $94,000 - $90,000 = $4,000.
Taxable income is lower than accounting income, therefore the company will pay fewer taxes this year than it will in the future.
The difference between the amount of taxes the company will pay in the future (based on accounting income) and the amount of taxes it will pay this year (based on taxable income) is the deferred income tax.
So, deferred income tax = Difference in taxable income and accounting income x Tax rate= $4,000 x 30%= $1,200
Hence, the deferred income tax amount is $1,200.
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which of the following is the correct reason the team is released as the last step in the closing process? you cannot release them until they have another project assignment. you may need them to sign off on deliverable. you may need team members to help in the transfer of ownership. you may need team members to meet with the project sponsor to gain approval.
You may require team members to assist with the transfer of ownership. The closing project includes team members, documentation, and communication with various parties.
For example, the customer's departure has been confirmed, the payment to the supplier has been completed, and so on.
Following the delivery of the final process, all team process results can be completed during the project implementation phase.
The sponsor provides resources and support for the project and is responsible for its success.
Project completion is frequently the most ignored stage of the project life cycle. When a project is finished, it's simple to pack everything up, throw some files in a drawer, and jump right into the planning phase of the next project.
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a factory manufacturing firework is inspected by insurers and found to have excellent safety protocols and good training for the staff what are the protocols and training examples of
A firework factory's safety practices could include methods to put out fires, frequent inspections, and emergency protocols. Chemical handling, protective equipment use, and safe machine operation are all included in staff training.
What kind of threat is an explosive?Two well-known examples of explosives are TNT and dynamite. A material (or combination of chemicals) that is intended to generate an effect by heat, light, sound, gas, smoke, or a combination of these as a result of non-detonative self-sustaining exothermic chemical reactions is referred to as a pyrotechnic substance.
What safety measures apply to explosives?When dealing with potentially explosive compounds, always wear the proper PPE, such as the necessary gloves, lab coat or apron, safety goggles used in conjunction with a face shield, and explosion-proof shields.
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When a portfolio consists of only a risky asset and a risk-free asset, increasing thefraction of the overall portfolio invested in the risky asset will:
I. increase the expected return on the portfolio.
II. increase the standard deviation of the portfolio.
III. not change the Sharpe Ratio.
Select from following
I only
II only
I and II
I, II and III
III only
When a portfolio consists of only a risky asset and a risk-free asset, increasing the fraction of the overall portfolio invested in the risky asset will increase the expected return on the portfolio and increase the standard deviation of the portfolio. The correct option is I and II.
A portfolio is a collection of investments like stocks, bonds, and cash equivalents such as money market funds, held by an investment company, an individual, or a financial institution. A risky asset has a higher risk of loss and reward. Stocks, mutual funds, and real estate are examples of risky assets.
In contrast, a risk-free asset is an asset with a guaranteed return and a low level of risk, such as Treasury bills.The expected return on a portfolio is the weighted average of the expected returns on the assets in the portfolio. The expected return of a portfolio is calculated by multiplying each asset's weight in the portfolio by its expected return and summing the products.
Increasing the proportion of the portfolio invested in the risky asset increases the portfolio's expected return. The risk-free asset, on the other hand, provides a steady income stream to the investor. Increasing the proportion of the risky asset in the portfolio, on the other hand, raises the risk level. The standard deviation of the portfolio increases as the proportion of risky assets in the portfolio rises.
The Sharpe ratio, on the other hand, is unaffected by the composition of the portfolio.
Options I and II are correct answers.
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why might an efficient outcome be reached even without coasian bargaining?
An efficient outcome can be reached even without Coasian bargaining because there are other mechanisms that can lead to efficient allocation of resources.
One such mechanism is the market mechanism, where prices act as signals that guide the allocation of resources. In a competitive market, prices are determined by the forces of supply and demand, and they reflect the marginal cost and marginal benefit of each unit of a good or service. The market mechanism ensures that resources are allocated to their most productive uses, as firms and consumers respond to changes in prices.
Another mechanism that can lead to efficient outcomes is government intervention. In some cases, governments may use regulations or taxes to correct market failures and improve the allocation of resources. For example, environmental regulations can internalize the external costs of pollution and encourage firms to invest in cleaner technologies.
Finally, social norms and informal institutions can also play a role in promoting efficient outcomes. For instance, individuals may adopt social norms that discourage wasteful or harmful behavior, or they may form voluntary associations to address collective problems.
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Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: Beginning Inventory Ending Inventory Work in process inventory—Cutting 103,500 90,500 Work in process inventory—Stitching 123,300 79,100 Finished goods inventory 32,100 20,250 The following additional information describes the company's production activities for May
production cost of goods transferred from Cutting to Stitching is $71,695, production cost of goods transferred from Stitching to finished goods is $330,275 and Cost of goods sold is $342,125.
Beginning inventory of work in process - Cutting = $43,500
Direct materials used in Cutting = $21,750
Direct labor cost in Cutting = $15,600
Factory overhead cost in Cutting = (150% x $21,750) + (120% x $15,600) = $32,625 + $18,720 = $51,345
Total cost of production in Cutting = $43,500 + $21,750 + $15,600 + $51,345 = $132,195
Total cost of work in process inventory - Cutting = $60,500
Cost of goods transferred from Cutting to Stitching = Total cost of production in Cutting - Ending inventory of work in process - Cutting
= $132,195 - $60,500
= $71,695
Beginning inventory of work in process - Stitching = $63,300
Cost of goods transferred from Cutting = $71,695
Direct materials used in Stitching = $25,000
Direct labor cost in Stitching = $62,400
Factory overhead cost in Stitching = (150% x $25,000) + (120% x $62,400) + $47,000 = $37,500 + $74,880 + $47,000 = $159,380
Total cost of production in Stitching = $63,300 + $71,695 + $25,000 + $62,400 + $159,380 = $381,775
Total cost of work in process inventory - Stitching = $51,500
Cost of goods transferred from Stitching to finished goods = Total cost of production in Stitching - Ending inventory of work in process - Stitching
= $381,775 - $51,500
= $330,275
Cost of goods available for sale = Cost of goods transferred from Stitching to finished goods + Beginning finished goods inventory
= $330,275 + $20,100
= $350,375
Cost of goods sold = Cost of goods available for sale - Ending finished goods inventory
= $350,375 - $8,250
= $342,125
the complete question is:
Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the cutting process. The following information is available regarding its May inventories.
Beginning Inventory Ending Inventory
Raw materials inventory $ 6,000 $ 3,250
Work in process inventory-Cutting 43,500 51,500
Work in process inventory-Stitching 63,300 60,500
Finished goods inventory 20,100 8,250
The following additional information describes the company's production activities for May.
Direct Materials
Raw materials purchased on credit $25,000
Direct materials used-Cutting 21,750
Direct materials used-Stitching 0
Direct Labor
Direct labor-Cutting $ 15,600
Direct labor-Stitching 62,400
Total factory payroll paid (in cash) 133,000
Factory Overhead (actual costs)
Indirect materials used $ 6,000
Indirect labor used 55,000
Other overhead costs. 47,000
Factory Overhead Rates
Cutting 150% of direct materials used
Stitching 120% of direct labor used
Sales $256,000
Required
Compute the amount of (a) production costs transferred from Cutting to Stitching, (b) production costs transferred from Stitching to finished goods, and (c) cost of goods sold. Check (1c) Cost of goods sold, $213,905
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which of the following are consequences of hyperinflation? check all that apply.people cash their paychecks more quickly.wages and prices spiral upward.people keep more
The consequences of hyperinflation are people cash their paychecks more quickly, wages and prices spiral upward, people keep more money in non-monetary assets, and savings get wiped out. Hyperinflation is a phenomenon that results from an increase in the supply of money and a corresponding decline in the value of currency.
1. People cash their paychecks more quickly: When hyperinflation hits an economy, people start to lose confidence in the value of money. As a result, they begin to rush to cash their paychecks as quickly as possible before the value of money decreases any further.
2. Wages and prices spiral upward: With the decline in the value of money, wages and prices also start to increase at a faster rate. In such a situation, the cost of living becomes expensive, and the purchasing power of money decreases.
3. People keep more of their money in non-monetary assets: As a result of hyperinflation, people start to lose faith in paper currency and begin to invest in non-monetary assets such as real estate, precious metals, and other tangible assets that can retain their value during inflation.
4. Savings get wiped out: Hyperinflation can wipe out savings overnight, causing people to lose their life savings, pensions, and other financial investments. In such a situation, people are forced to use their savings to purchase basic goods and services, leading to financial distress.
Hyperinflation can have severe consequences for an economy, resulting in the erosion of the value of money, loss of confidence in the banking system, and economic instability. It can also result in social and political unrest, making it crucial for policymakers to take appropriate measures to prevent it.
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the u.s. internal revenue service groups taxpayers into four divisions: wage and investment, small businesses, large businesses, and non-profit and government agencies. what type of organizational structure does this represent?
The type of organizational structure represented by the US Internal Revenue Service's grouping of taxpayers into four divisions (Wage and Investment, Small Businesses, Large Businesses, and Non-Profit and Government Agencies) is a Functional Organizational Structure.
What is a Functional Organizational Structure?
A functional organizational structure is one in which individuals are grouped according to the type of work they perform. It is a structure in which workers are grouped into separate departments based on the work that they do.
A functional organizational structure is typically used in larger corporations or companies, as it is simple to operate and manage, promotes specialization and efficiency, and is simple to establish hierarchies of responsibility within the organization.
It allows the company to divide up its operations into smaller departments, each of which is responsible for a particular function or set of functions.
Functional structures are used in various organizations, including businesses, governmental agencies, and nonprofits. They may be more efficient than other organizational structures since each department focuses on its specific duties.
However, functional structures can also have drawbacks, such as a lack of communication between departments, which can cause conflicts and redundancies.
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adam antal is confused. he does not understand why rent on his apartment is a fixed cost and rent on a hertz rental truck is a mixed cost. explain the difference to adam.
The difference between fixed cost and mixed cost is that the fixed cost does not vary with changes in activity levels, while mixed cost contains both fixed and variable costs, which can vary with changes in activity levels.
The rent on an apartment is a fixed cost because the tenant pays a set amount each month regardless of how much they use the apartment or utilities such as gas, water, and electricity, which are the same each month.
Rent on a Hertz rental truck, on the other hand, is a mixed cost because the rental fee includes both a fixed cost (the rental itself) and a variable cost (the fuel used while driving the truck). If a renter drives the truck farther, the fuel cost will increase as well.
As a result, a truck rental's cost is dependent on how much it is utilized, with the amount varying based on how much it is utilized.
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jersey company uses variable costing for internal decision-making purposes and has the following information for april: sales $810,000 variable cost of goods sold 340,000 fixed manufacturing costs 120,000 variable selling and administrative expenses 90,000 fixed selling and administrative expenses 50,000 what is the contribution margin for april? a.$380,000 b.$470,000 c.$350,000 d.$210,000
The contribution margin, which indicates the amount available to pay fixed costs and make a profit, is the difference between sales revenue and variable costs. Revenue minus variable costs equals contribution margin.
A) $380,000 is the correct response.
Which of the following statements about an absorption costing company is accurate?Which of the following statements about an absorption costing-using corporation is accurate? Costs per unit of a product might vary depending on how many of those units are produced.
What costs are not included in the absorption?The fixed manufacturing overhead costs are accounted for as an indirect cost in the cost of a product under absorption costing. These expenses are incurred throughout the production of the product and cannot be immediately linked to a particular cost.
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the breadth and depth covered in each of the domains makes the one of the most difficult-to-attain certifications on the market.a. isepb. cisac. cisspd. security
CISSP is one of the most challenging certifications on the market.
The breadth and depth covered in each of the domains make it so. CISSP, or Certified Information Systems Security Professional, is a certification that covers a wide range of subjects, from access control to cryptography. It is administered by the International Information Systems Security Certification Consortium (ISC)², a non-profit organization that promotes information security. The CISSP certification exam covers eight domains that require a lot of in-depth knowledge to pass.
These domains are:
Security and Risk ManagementAsset SecuritySecurity Architecture and EngineeringCommunication and Network SecurityIdentity and Access ManagementSecurity Assessment and TestingSecurity OperationsSoftware Development SecurityThe CISSP exam is tough, and passing it requires not only studying but also having hands-on experience in the field. The exam is a six-hour test consisting of 250 multiple-choice questions, with a score range of 0 to 1,000. The passing score is 700. As a CISSP professional, you will be expected to have a solid understanding of the concepts covered in each of the domains.
You will also need to have practical knowledge and experience in implementing these concepts. The breadth and depth of the knowledge required to pass the CISSP exam make it one of the most sought-after certifications in the field of information security.
In conclusion, CISSP is a challenging certification that requires a lot of preparation, dedication, and hands-on experience to pass. The eight domains covered in the exam require a solid understanding of information security concepts and practical knowledge in implementing them.
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How do I start VS Code from the developer command prompt for Visual Studio?
To start Visual Studio Code from the Developer Command Prompt for Visual Studio you must open the Developer Command Prompt for Visual Studio from the Windows Start menu.
To start Visual Studio Code from the Developer Command Prompt for Visual Studio, follow these steps:
Open the Developer Command Prompt for Visual Studio. This can be done by searching for "Developer Command Prompt for VS" in the Windows Start menu.Once the command prompt window is open, navigate to the directory where Visual Studio Code is installed. This is typically "C:\Program Files\Microsoft VS Code" or "C:\Program Files (x86)\Microsoft VS Code" on a 64-bit system.Type "code ." (without the quotes) and press Enter. This will launch Visual Studio Code and open the current directory in a new window.Alternatively, you can add the directory where Visual Studio Code is installed to your system's PATH environment variable, which will allow you to start it from any command prompt window. To do this, follow these steps:
Open the Windows Control Panel and select System and Security > System.Click on the "Advanced system settings" link.In the System Properties window, click on the "Environment Variables" button.Under "System Variables", scroll down and find the "Path" variable, then click on the "Edit" button.Click on the "New" button and add the directory where Visual Studio Code is installed (e.g. "C:\Program Files\Microsoft VS Code").Click "OK" to close all windows.Open a new command prompt window and type "code ." (without the quotes) to launch Visual Studio Code.Learn more about Visual Studio: https://brainly.com/question/28304256
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