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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Which of the following is true of disruptive technologies? A. The tech industry is the least fertile ground for disruptive technologies. B. Initially underperforming incumbents, over time their performance attributes improve to the point where they invade established markets. C. They come to market with a set of performance attributes that existing customers have demanded. D. Disruptive technologies and disruptive innovations are independent concepts. E. The term disruptive technologies is a simple one because few technologies are able to create market shocks and catalyze growth.
The true statement about disruptive technologies is they come to market with a set of performance attributes that existing customers have demanded.
Disruptive technologies are technological advancement that leads to changes in the operations of an industry, market or economy. Examples of disruptive technologies are artificial intelligence, 3d printing, cloud storage and robotics.
The technology industry is a fertile ground for disruptive technologies. This is because most inventions originate from the tech space. Disruptive technologies replace or drive out existing technologies and render them obsolete. The worst hit are underperforming incumbents.
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Advertising, sales promotion, public relations, and buzz building activities are all ________. A) channels that should be integrated under the concept of integrated marketing communications B) channels focused more on interactive marketing than traditional marketing C) promotional tools used for push strategies but not pull strategies D) promotional tools used for pull strategies but not push strategies
Answer:
B
Explanation:
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Which statement best describes the relationship between inflation and
savings?
A. As savings grow faster than inflation, the savings will buy less.
B. As inflation increases faster than savings, the savings are worth
less.
O C. As savings grow slower than inflation, the savings will buy more.
D. As inflation decreases faster than savings, the savings are worth
more.
Answer:
B. AS savings grow fast than inflation, the savings the savings are worth less.
Explanation:
This is because Over time, inflation can reduce the value of your savings, because prices typically go up in the future. This is most noticeable with cash. If you keep $10,000 under your bed, that money may not be able to buy as much 20 years into the future.
The statement that best describes the relationship between inflation and savings is that: As inflation increases faster than savings, the savings are worthless.
What is Inflation?Inflation can be defined as a decrease in the purchasing power of money that is reflected in a general increase in the prices of goods and services in an economy.
The relationship between inflation and savings can be described as a point where inflation increases faster than savings, the savings would be worthless.
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when a market allocation of resources maximizes the total surplus received by all members of society we say there is
Whenever there is maximization of total surplus that is been received by those that are part of society by market allocation of resources then there is market Efficiency.
Economic efficiency can be regarded as economic state whereby there is allocation of resource to serve each individual or entity in way that everyone is satisfied while minimizing waste and inefficiency.Therefore, When there is an economy efficiency, there would be maximization of total surplus.
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with respect to the national saving and investment identity for any country, the quantity of _______________ at any given time by savings must ________________ for purposes of making investments.
With respect to the national saving and investment identity for any country, the quantity of foreign aid supplied at any given time by savings must be lower than the quantity of domestic aid demanded for purposes of making investments.
The foreign aid supplied can be referred to as export while the domestic aid demanded is referred to as the Import. Any nation which takes its economy very serious will always ensure that the Export is more than the Import.
This is to ensure that the nation is able to save and invest as a result of the high gross domestic product it possesses as a result of its sales of goods and services being more than its spending.
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What else can a digital wallet be used for?
Answer:
Explanation:
Digital wallets can be used in conjunction with mobile payment systems, which allow customers to pay for purchases with their smartphones. A digital wallet can also be used to store loyalty card information and digital coupons.
Traditional stock split definition
Answer:A traditional stock split is also known as a forward stock split. ... A company that issues a reverse stock split decreases the number of its outstanding shares and increases the share price. Like a forward stock split, the market value of the company after a reverse stock split would remain the same.
Explanation:
Answer:
A traditional stock split is also known as a forward stock split. ... A company that issues a reverse stock split decreases the number of its outstanding shares and increases the share price. Like a forward stock split, the market value of the company after a reverse stock split would remain the same.
Explanation:
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the ____________________ is based on the prices of merchandise that are exported or imported.
The International price index is based on the prices of merchandise that are exported or imported.
Write down the steps of the marketing research approach in the correct order.
Answer:
Explanation:
The Marketing Research Process is comprised of 6 steps: 1: Problem Definition, 2: Development of an Approach to the Problem, 3: Research Design Formulation, 4: Field Work or Data Collection, 5: Data Preparation and Analysis, 6: Report Preparation and Presentation.
which task is carried out by book keeping
Answer:
Explanation:
Invoices and unpaid bills are one of the most important responsibilities of the bookkeeper. A bookkeeper who fails to keep an account of the money flowing into and out of the business, for instance, makes it all too easy to spend money that isn't there.
What is a benefit for working in the modern manufacturing industry?
a
Competitive salaries
b
No skills needed for entry-level positions
c
Simple technology that is easy to use
d
Repetitive responsibilities
Answer:
a. competitive salaries
Competitive salaries are a benefit for working in the modern manufacturing industry. Hence, option A is correct.
What is modern manufacturing industry?Modern manufacturing industries can be defined as the making of finished goods from raw materials.Workers in the modern work together to solve problems by producing high-quality goods.
Manufacturing is the process of creating new goods from components or raw materials. Automotive businesses, bakeries, shoemakers, and tailors are all examples of manufacturing because they all produce goods rather than provide services.
Boost the effectiveness of your company's systems. Streamline the interactions you have with suppliers and clients. boost the production process's speed, adaptability, and effectiveness. broaden the range of possible outputs.
Thus, option A is correct.
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future changes in automobile technology are likely to include
Answer: Flying cars??
Explanation: Im 99.9% sure it will happen.
What type of organizational arrangement organizes employees by activity?
a. Hybrid
b. Matrix
c. Divisional
d. Functional
Answer:
What is c. Divisional
Explanation:
Divisional Structures. A divisional structure organizes a company's activities into geographical, products, markets or service groups.
Drag the tiles to the correct boxes to complete the pairs.
Project manager Derek has identified some challenges in IS Implementation. Match the challenge with the result of each challenge.
end user resistance
project completion constraints
quality issues
lack of documentation
decreases efficiency in organizations
causes difficulty in implementing is
leads to rework at the implementation stage
Increases project scope and leads to delays in projects
dmentum. All rights reserved.
The challenge matched with its results are given as follows:
end user resistance - decreases efficiency in organizationsproject completion constraints - leads to rework at the implementation stagequality issues - causes difficulty in implementing ISlack of documentation - increases project scope and leads to delays in projects.What is end-user resistance?End-user resistance is a multifaceted phenomenon. It can take many forms, including sabotage of computer equipment, staff absences or tardiness, "badmouthing" of systems, not using the systems, or continuing to use the old system.
In other words, user resistance is described as an individual's behavioral behaviors expressing aversion to a circumstance seen as unfavorable, threatening, or stressful. A tiered model of information technology implementation resistance.
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When communicating a complex idea, what is most important?
Answer:
You will need to present the information with exciting points and in an organized fashion.
Explanation:
Answer:
You will need to present the information with exciting points and in an organized fashion.
Explanation:
which type of economy is practiced in the united states today?
Answer:
mixed economy
Explanation:
what is the cumulative effect of the inventory error on total gross profit for the 2 years?
Answer:
its lower gross profit under the LIFO then the methode FIFO
Explanation:
the shape of the product life cycle for the natural and organic confectionary product category indicates a short introductory stage, relatively quick growth stage, and a projected lengthy maturity stage. given this information, justin’s knows it must lock in distribution quickly since competitors will likely be following quickly. what type of products are natural and organic confectionaries?
Answer:
low-learning products
cost is not paid by the insurance company and are unrecoverable
Answer:
yes
pls mark brain
Explanation:
What are common characteristics of less-educated workers that contribute to their having higher unemployment rates than workers with more education? Multiple select question. Working lower-skilled jobs Working jobs that are vulnerable to cyclical layoff Working jobs that are more permanent Having more time between jobs
Explanation:
but nobody question to only just right now multiple select question.
Answer:
Working lower-skilled jobs, having more time between jobs, and working jobs that are vulnerable to cyclical layoff.
Explanation:
Name at least 4 management skills which you think you already have. Justify your answer and identify ways on how you could further develop your chosen management skills.
Answer:
Hello there,
I'll answer based on myself,
The management skills I think I have are;
Planning, To achieve my goals, planning is an essential skill that I must have. Short term and long term goals need planning to be achieved and the short term goals like assignment completion and helping with chores at home must be done within a scope of at most a week and not more. And long term goals are ongoing and the fast they can be achieved within a year is more favourable. By continuous planning I gain more experience when my plans don't give. I usually ask my parents, teachers and experts on my plans to further better them. Decision making; With decision making, planning is much easier because I get to choose the best choice out of many layouts of plans I have. Deciding on my priorities is best way to figure out the best plans. This is usually based on past experience to make it better and ask help from parents and teachers. Delegation; This is most evident in my duties at school as a leader and assigning work in projects. It's not that some duties can't be performed by me but delegation is superb when a single person can concentrate on allocated tasks in full efficiency. It allows fast error checking and less slacking. I continue to learn this through projects given at school, getting help from parents and older siblings. Communication; I believe the best system works in a clear back to back communication. Good thing the environment am in allows thorough communication. And as a leader, youth, student and a responsible community member communication has been a great tool to make known our strengths and weaknesses. My parents, teachers have cultivated an environment that allows clear channels of communication.when is a supplier standards form required to be provided to the beneficiary
A supplier standards form is required to be provided to the beneficiary when requested by the beneficiary on their authorized representative and upon the fist fill
A Medicare provider is known as a person, facility, or agency that Medicare will pay to give care to Medicare beneficiaries. A Medicare provider could be a home health agency, a hospital. etc.The supplier standard forms is simply known to be a form of notification that must be given to Medicare part B beneficiary when it is requested as always, upon the first of the Medicare part B item for the patient.
Conclusively, without the use of authorized representative in place of beneficiary when needed, the supplier standard forms will not be issued.
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who invented the selfie stick what purpose does it serve
Answer:
In 2005, selfie sticks were invented by Wayne Fromm, and the purpose of the selfie stick was to take photographs or videos by positioning a digital camera device beyond the normal distance of an arm. The device will also allow selfie-takers to affix their phones to a wall and stand away while snapping a picture. After the photo is taken, users will be able to easily remove their phones from the wall without leaving a trace.
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What is a Selfie
Selfie is a self-portrait picture diverted from the Aussie Language in Australia
A selfie stick is used to take photographs or videos by positioning a digital camera device, typically a smartphone, beyond the normal range of the arm. This allows for shots to be taken at angles and distances that would not have been possible with the human arm alone.
a device in the form of a rod on which a camera or smartphone may be mounted, enabling the person holding it to take a photograph of themselves from a greater distance than if holding the camera or smartphone in their hand.
Answer:
Who Invented Selfie Stick
Wayne Fromm
What Purpose does The Selfie Stick Serve?
to take photographs or videos by positioning a digital camera device, typically a smartphone, beyond the normal range of the arm.
Answer:
The selfie stick was invented by a Canadian inventor named Wayne Fromm in the early 2000s. The purpose of a selfie stick is to extend the reach of a smartphone or camera so that the user can take a picture of themselves (a selfie) or a group photo with a wider angle without having to ask someone else to take the picture for them.Selfie sticks have become popular since they allow people to capture better photos of themselves with a background they would like to showcase. They are portable, easy to use and can be adjusted to different lengths.
Which of the following statements demonstrates intrinsic motivation?
a.
I traveled to Mexico to learn about my family's history.
c.
I joined the science club to make my parents happy.
b.
I work extra hours at my boring job to make extra money.
d.
I help out at a bake sale, so that I may recieve a pie afterwards.
Answer:
A
Explanation:
Question Mode Multiple Choice Question A marketing channel in which multiple segments are owned by the parent company is known as a(n) ______. Multiple choice question. conventional marketing channel independent marketing channel corporate vertical marketing system unified horizontal marketing system
Answer:
marketing channel....
go grub’s customer complaints have increased because its drivers often get lost when attempting deliveries, which means that the deliveries arrived late. the drivers have resisted using gps systems, claiming they know their territories, but managers are now encouraging them to look for the best solution to the increased level of customer complaints. go grub is in the ________ stage of lewin’s change model.
Analyzing the information on the issue, it is clear that Go Grub is in the unfreezing stage of Lewin's change model, which corresponds to the first stage of change where persuasive preparation about the needs of change takes place.
To manage the changes that generate adherence to the use of GPS systems at Go Grub, it is necessary for managers to look for methods to demonstrate the advantages of the changes, such as:
Increased speed at work.Improved communication.Greater customer satisfaction.Cost reduction.It is also important to train the employee to reduce insecurity and be honest about how the changes will make the job better, and then proceed with the changing and refreezing, according to Lewin's model.
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On October 25, Yacht Doc received $210,000 for a yacht valued at $190,000 and a service contract to be performed evenly from November through February. During November, the yacht was delivered and 1 month of the service contract was performed. The remaining services are to be performed evenly over the next 3 months. In what month should the service contract be recognized as revenue
Answer:
5,000 in each month from November to February
Explanation:
210k - 190k = 20k
5k at delivery and the remaining performed over three months. Therefore $5000 per month
5k at delivery, with the remainder completed over three months. From November to February, 5,000 deliveries were made per month at a cost of 210k - 190k = 20k. As a result, $5,000 is earned each month.
What is accounting?Accounting is the process of recording, compiling, and reporting financial transactions to regulatory bodies, auditors, and the IRS.Accounting principles are the rules and regulations that businesses and other organizations must follow when reporting financial data. These guidelines standardize the language and procedures that accountants must use, making financial data analysis easier.The International Financial Reporting Standards are the most widely used set of accounting principles, having been adopted in 166 jurisdictions. The Generally Accepted Accounting Principles (GAAP) are a set of accounting standards that are only used in the United States (GAAP).To learn more about accounting, refer to:
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one of the tools available for measuring brand equity was developed by young & rubicam. it is called the brand asset valuator. which four consumer perspective dimensions does it use to evaluate a brand’s equity?
Answer: esteem, differentiation, relevance, knowledge
Explanation:
Brand equity is a measure of the worth of a brand the use of tools and techniques are essential for the development of the brand as per the young & Rubicam.
The perspective dimensions include esteem, differentiation, knowledge, and relevance. The esteem of a brand is the image of the brand and differentiation is the means by which the brand is set apart. The knowledge of the brand is the customer's understanding of the brand and ability to recall its products. Relevance is the connection of emotions to the brand.Hence these are tools for measuring brand equity.
Learn more about available for measuring brand equity was developed by young & Rubicam
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how does the inventory costing methods affect the income statement when costs tend to rise over time?
Answer:
Cost of Goods Sold on the income statement differs between the methods causing
Income Tax Expense to differ.
Explanation:
Answer:cost of good sold on the income statement
Explanation:
According to the video, the work of Heating and Air Conditioning Mechanics and Installers combines the skills of which workers? Check all that apply. Pump Operators Plumbers Electricians Refrigeration Specialists Power Plant Technicians Hydroelectric Production Managers
Answer:
B,C,D
Explanation:
Plumbers
Electricians
Refrigeration Specialists
