Answer:
last-in, first-out, or LIFO.
on may 1, there were 4 inventory items that cost $30 each. on may 5, 2 items were purchased for $35 each. given one item from the beginning inventory and one from the may 5 inventory were sold, under the inventory method, cost of goods sold would equal $75.
Based on the specific identification inventory method, the cost of goods sold would equal $65 ($30 + $35) and not $75 as indicated in the question.
Specific identification is an inventory costing method that tracks the cost of goods to the exact items that are sold. This method is used where it is possible to track sold items individually, especially when the sold items are separately identifiable.
Specific identification is just one method in inventory costing. Others are Last-in, First-out (LIFO), First-in, First-out (FIFO), and Weighted-Average Cost Methods.
Thus, the inventory method that will produce the cost of goods sold under this scenario is the specific identification method.
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write short notes by Napier bone
Answer:
Napier's bones is a manually-operated calculating device created by John Napier of Merchiston, Scotland for the calculation of products and quotients of numbers. The method was based on lattice multiplication, and also called 'rabdology', a word invented by Napier. Napier published his version in 1617.
Which one of the following types of charitable contributions is NOT deductible for federal income tax purposes?
A. Contributions made with credit cards where the charge is paid in a subsequent year
B. Travel costs incurred for charitable purposes
C. Contributions made through payroll deduction
D. Cash paid to purchase fundraising products where a portion of the proceeds go to fund a charitable cause
Answer: B.
Explanation: Contributions to individuals, foreign governments, foreign charities, and certain private foundations similarly are not deductible.
A witness statement is a primary source.
✅True
- False
Answer: true
Explanation:
Answer: E esa mfvk,mvg b fedv bgfmdv gbfrecmbg v
Ned Douglas owns Ned’s Blankets. Ned asks you to explain how he should treat the following reconciling items when reconciling the company’s bank account.Outstanding checks.select an explanationDeduct from balance per bank2.A deposit in transit.select an explanationAdd to balance per bank3.The bank charged to our account a check written by another company.select an explanationAdd to balance per bank4.A debit memorandum for a bank service charge.
In accounting, the purpose of reconciliation is to compare two sets of records for correction and make sure they are in agreement.
Here, Ned have some items which needed to be reconciled with the company’s bank account.
For "the Outstanding checks", he should deduct the amount from balance per bank For "a deposit in transit", he should add to balance per bankFor "the bank charged to our account a check written by another company", he should add to balance per bank and notify the bank of its error. For "a debit memorandum for bank service charge", he should deduct from balance per books.Learn more about this here
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For his persuasive speech on lowering property tax bills, Sheldon wants to discuss how the various community services such as the school district, library district, and park district are funded with regards to receipt of monies from property taxes. Which visual aid will easily allow Sheldon to show the information as a percentage of the overall income from taxes
The type of visual aid that will easily allow Sheldon to show the information as a percentage of the overall income from taxes is an Infographics visual aid.
This is because infographics like Microsoft Excel works fine when you need to show complex numerical data.
In most cases, infographics easily help create a percentage of total numbers, draw charts, and show total numbers and fractions needed to understand information.
There are various types of visual aid; some of them include the following:
Physical samples, Models, Handouts, Pictures, Videos, Infographics, etc.Hence, in this case, it is concluded that the correct answer is Infographics.
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Which points are most efficient for the utilization of resources on a production possibilities diagram?
A. points along the curve
B. points inside the curve
C. points at the two intercepts of the curve
D. points outside the curve
Answer- A. point along the curve
kathleen is considering expanding her dress shop. if interest rates rise she is:
Answer:
likely to expand?
Explanation:
Kathleen is considering expanding her dress shop. If interest rates rise she is Less likely to expand
What is interest ratesHigher interest rates can make it more expensive to borrow money. If Kathleen decides to borrow money or use credit to grow her dress shop, she might have to pay more money back because of the higher interest rates on those loans. This might make borrowing money more costly and might affect her choice to grow her business.
When interest rates go up, how people spend their money can change. When interest rates go up, it costs more for people to borrow money. This can mean people may spend less money on optional things like clothes, which could impact Kathleen's sales and income.
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A loss is when:
A. Revenue is greater than expenses.
B. Revenue is less than expenses.
C. Revenue is equal to expenses.
D. None of the above.
83°F Sunny
Answer:
a if revenue is greater the loss in money will deplinish
plz help 25 points!!!
Answer:
I thinks its b
Explanation:
What is a “work point”?
Answer:
A work point is an independent entity whose location is defined in spaceTask 2: Organizational Structures and Managerial Skills
In this activity, you will understand the role of organizational hierarchy and management skills by completing the following tasks:
Conduct online research and explore common organizational structures in any industry of your choice.
Discuss the different qualities and skills that managers working in such an industry should possess.
Answer:
Sample Answer
Explanation:
Common organizational structures in the magazine industry consist of a chief and managers in charge of different departments. For example, in the editorial department, there is an Editor-in-Chief who is charge of the Managing Editor, Executive Editor, and the Creative Director. Each editor or director has a department they are in charge and have to keep in check. The Managing Editor may put a Copy Chief in charge, but that doesn’t take away the authority of the Managing Editor. Different qualities and skills that managers working in the magazine industry should possess are innovation, excellent writing skills, good research skills, strong interpersonal skills, IT skills, and familiarity with commonly used software, such as HTML, Photoshop, Java, QuarkXPress and InDesign
The hospitality industry typically employs various organizational structures including functional, divisional, and matrix structures.
What are the common organizational structures in the hospitality industry?In functional structures, departments are divided based on specific functions like marketing, operations, and finance. Divisional structures organize the company into distinct units based on products or geographical regions but matrix structures combine functional and divisional structures to foster collaboration across different departments.
Managers in the hospitality industry should possess a diverse range of qualities and skills to succeed in this fast-paced and customer-centric sector. A strong leadership skills are essential to motivate and guide their teams effectively and exceptional communication skills enable managers to liaise with staff, guests, and stakeholders proficiently.
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a document certifying ownership of part of a corporation is a
Answer:
a document certifying ownership of part of a corporation is a stock certificate
How would a two percent rise in interest rates most likely affect new housing?
A two percent rise in interest rates would most likely affect new housing by making the price of the houses fall in the long run.
As the interest rate of possessing a mortgage rises, many individuals would not afford a house with a mortgage.
Subsequently, as people are shying away from possessing mortgages with high-interest rates, home investors and sellers need to reduce their house prices to attract buyers.
Hence, in this case, it is concluded that a two percent rise in interest rates would most likely affect new housing by making the price of the houses reduce in the long run.
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If you could franchise a business - what business would you choose? (2-3 sentences)
Answer:
I would choose the Franchise Dunkin Donuts since many people get hungry in the morning. And since plenty of people work in the day times. It would be a mastermind full proof plan of sweet success.
Explanation: In Russia dog does not eat your homework, I do.
whats some work values for being a nail tech
Answer:
Explanation:
Flexible schedule. One of the main advantages of being a nail professional is that you can always work on a flexible schedule. Customer satisfaction. This is one arena in the beauty industry where you have the power to enhance the self-esteem of a person. Interactive field. As a nail technician you meet a number of people who are engrossed in the fashion industry apart from your customers. Lucrative field. A nail technician career is quite rewarding as the fashion industry is ever evolving with new designs, styles, colors, shapes and so forth.PATIENCE WITH MANICURE CUSTOMERS!!A successful nail technician has the patience to work diligently and pay close attention to the details. Your patience to thoroughly trim your clients’ nails, care for their cuticles, and apply polish will demonstrate your dedication.
CUSTOMER SERVICE!!Every nail technician knows how to engage in conversation with their clients and provide them with high quality results.
Treat them to the level of service that they’d be proud to tell their friends and family about!!!Henry is preparing to give a report on the coronavirus vaccine and is starting his research. What are the BEST possible sources for him to use in his research?
✅government websites and newspapers
- friends’ and parents’ opinions
- Twitter and Reddit
- advertisements
Answer:
government websites and newspapers or
advertisements
how did the geographic location of harappa affect trade?
Answer:
The city was convenient for trading opportunities.
Explanation:
rhodes borrowed $5,000 by signing a 5-year note with an interest rate of 8%. on the date the note is signed, rhodes should
On the date the note is signed, rhodes should credit Note payable for $5,000.
Note payable is a loan agreement that is put down in written were the borrower agreed to pay the lender the certain amount he or she borrowed from the lender and must be signed by the borrower.
In Note payable the borrower as well will have to pay interest on the amount borrowed or the interest accrued on the amount borrowed on the due date.
The journal entry on the date the note is signed is:
Debit Cash $5,000
Credit Note payable $5,000
(To record note payable)
Inconclusion on the date the note is signed, rhodes should credit Note payable for $5,000.
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lon 4 of 20
What is profit?
A. Money remaining when all expenses except salaries, rent, and
taxes have been paid.
B. Money lost after all other business expenses, including salaries,
rent, and taxes have been paid.
C. Money invested after all business expenses, including salaries,
rent and taxes have been paid.
D. Money remaining when all other business expenses, including
salaries, rent, and taxes, have been paid.
SU
What topics should be included in the marketing plan?
Answer:
Price Place Promotion Product
Explanation:
It is pretty self explanatory.
how much profit does a store owner make on a bar of chocolate?
Answer:
Explanation:
The large volume companies have a lower profit margin of around 8 to 10%, while boutique chocolatiers can enjoy margins between 55 to 75%. Your total profit for a year will depend entirely on the volume and type of product you produce and sell.
why must a monopoly supply a good or service that has no close substitute
Answer:
Because a monopoly is when one person or buisness provides a good or service that people can't get anywhere else so they can continue to make money.
Explanation:
describe the following trends in buinesses. Give an example of what you can do to maintain a productive business environment to support each trend.
a. Social responsibility
b. Green business
c. Globalization
d. Technology
Answer:
d
Explanation:
Alot of people today have technology if you had a version of your own and it goes viral you could make 63,903 a year..experienced coders get 85k
Suppose the price of crude oil used to produce gasoline rises significantly. At the same time, consumers purchase hybrid cars in great numbers. In the market for gasoline, the market clearing price ________ and the equilibrium quantity ________. definitely falls, is indeterminate is indeterminate, definitely falls definitely rises, is indeterminate definitely falls, definitely rises
is indeterminate, definitely falls
the u.s. labor department said american workers set a record in august for taking what action?
The United States labor department said American workers set a record in August for "quitting their jobs."
The recent statistics released show that about 4.3 million Americans quit their jobs between December 2020 to August 2021.
The statistics show that the 4.3 million Americans that resigned from their jobs formed about 3 percent of the total work population.
According to the U.S Labor Department, this is a record figure in the U.S. labor-related issues.
Hence, in this case, it is concluded that many Americans are quitting their jobs willingly in recent times.
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how much should a single person spend on groceries?
Answer:
175$-348.80$
Explanation:
sorry if you get the answer wrong .
Answer:
200-300 I guess beacuse we should fulfill our all needs. Not to starve ourself.
Explanation:
Eat everything you like
identify characteristics of notes payable that are not common to accounts payable.
Notes payable and Accounts payable are both used to represent the obligations that a company has to an entity. They are however different in certain ways such as:
Payment period Conversion Entities owedThe following are differences between notes payable and accounts payable:
Payment period - Accounts payable are to be paid in less than a year whereas Notes payable can either be less or more than a year. Conversion - Accounts Payable can be converted to a notes payable if the company is unable to pay them off in time. A Notes payable on the other hand, cannot be converted to an Accounts payable. Entities owed : Accounts payables are owed to suppliers of the company but Notes payable are owed to financial institutions.In conclusion, notes payables and accounts payables have several differences.
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How is a compressed work week different from a traditional work week?
You work one more day in a compressed work week.
You work forty hours in a compressed work week.
You work one less day in a compressed work week.
You work less than forty hours in a compressed work week.
Answer:
A compressed work allows the employee to work for 35-40hours workweeks in less than five workdays.
Presented below is information related to Ricky Henderson Company.
Cost Retail
Beginning inventory $ 200,000 $ 280,000
Purchases 1,375,000 2,140,000
Markups 95,000
Markup cancellations 15,000
Markdowns 35,000
Markdown cancellations 5,000
Sales revenue 2,200,000
Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.)
Ending inventory using conventional retail inventory method
$Presented below is information related to Ricky He
The ending inventory using conventional retail inventory method is $170,100.
Ricky Henderson Company Ending inventory
Cost Retail
Beginning inventory $200,000 $280,000
Add Purchases $1,375,000 $2,140,000
Total $1,575,000 $2,420,000
Markups $95,000
Markup cancellations ($15,000)
Net markup $80,000
($95,000-$15,000)
Total $1,575,000 $2,500,000
($2,420,000+$80,000=$2,500,000)
Markdowns $35,000
Markdown cancellations ($5,000)
Net markdown ($30,000)
($35,000-$5,000)
Sales price of goods available $2,470,000
($2,500,000-$30,000)
Less Sales revenue ($2,200,000)
Ending inventory at retail $270,000
($2,470,000-$2,200,000)
Second step is to calculate the Cost-to-retail ratio using this formula
Cost-to-retail ratio=Cost of goods sold available/Retail price of goods available+ Net markup
Let plug in the formula
Cost-to-retail ratio=$1,575,000/($2,420,000+$80,000)
Cost-to-retail ratio=$1,575,000/$2,500,000
Cost-to-retail ratio=0.63
Third step is to calculate the ending inventory at cost (lower of cost or market) using this formula
Ending Inventory at cost =Cost-to-retail ratio× Ending inventory at retail
Let plug in the formula
Ending Inventory at cost=0.63×$270,000
Ending Inventory at cost =$170,100
Inconclusion the ending inventory using conventional retail inventory method is $170,100.
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