The cost of goods sold is $725,200. Hence, the option that correctly reflects the cost of goods sold is $725.20.
Given that the beginning merchandise inventory was $565,000 and the ending merchandise inventory was $85,000. The purchases for the current fiscal year were $295,000. Purchases returns and allowances were $8,900, purchases discounts were $2,900, and freight in was $39,000. We can determine the cost of goods sold by using the following formula:
Beginning Merchandise Inventory + Purchases - Purchase Returns and Allowances - Purchase Discounts - Freight In - Ending Merchandise Inventory = Cost of Goods Sold
Substituting the values, we get: $565,000 + $295,000 - $8,900 - $2,900 - $39,000 - $85,000 = $725,200
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a handbag you like costs $525 in the u.s. how much will the same handbag cost in canada if the exchange rate is c$1
The same handbag would cost $692.25 (approx.) in Canada if the exchange rate is C$1 = $.7584, assuming absolute purchasing power parity exists.
Absolute purchasing power parity states that the cost of goods in different countries should be equal when expressed in a common currency, considering the exchange rate.
Calculate the cost in Canadian dollars (CAD) by converting the U.S. price (USD) using the given exchange rate.
Cost in Canadian dollars (CAD) = Cost in U.S. dollars (USD) * Exchange rate
Cost in Canadian dollars (CAD) = $525 * C$1/$.7584
Let's calculate the cost in Canadian dollars:
Cost in Canadian dollars (CAD) = $525 / 0.7584 CAD/USD
Cost in Canadian dollars (CAD) ≈ $692.25
Therefore, the same handbag will cost $692.25 in Canada, assuming absolute purchasing power parity exists.
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A handbag you like costs $525 in the U.S. How much will the same handbag cost in Canada if the exchange rate is C$1 = $.7584? Assume absolute purchasing power parity exists.
Which of the following circumstances is most likely to reduce one's standard of living?
1. An increase in the cost of some goods such as escalating gasoline prices.
2. A decrease in the cost of some goods such as a decrease in housing prices.
3. Stable prices and an increase in employee wages.
4. Losing your job, but gaining a sizeable inheritance.
Answer:
1. An increase in the cost of some goods such as escalating gasoline prices.
Explanation:
The standard of living refer to a comfort level, the goods, and the material, necessities and wants that are available to a person
In case when there is a decline in standard of living so it is due to the increased in price as it reduced the purchasing power of the consumer
If the price of the goods increased, then the quantity demanded decreased as per the law of demand
Therefore in the given case, the option A is correct
What it is? this is the rate for a short-term riskless security when inflation is expected to be zero.
When inflation is expected to be zero less people will steal because items are more affordable. It is called income.
A trial balance is a(n)______of accounts and their balances at a point in time and is used to confirm that the sum of debit account balances equals the sum of_____account balances.
Answer:
List; credit.
Explanation:
A trial balance is a list of accounts and their balances at a point in time and is used to confirm that the sum of debit account balances equals the sum of credit account balances. It is used in a double-entry account book to record all debit and credit in order to detect any error, if there is a disagreement between the figures.
In Financial accounting, there are basically three (3) types of trial balance and these are;
1. Adjusted trial balance.
2. Unadjusted trial balance.
3. Post-closing trial balance.
Generally, the trial balance should list accounts in the following order for ease of preparation of the financial statements or statements of account; asset, liability, equity, revenue and expenses.
the ford motor company and its network of independent franchised dealers illustrates example of a manufacturer-sponsored retailer franchise.
The Ford Motor Company and its network of independent franchised dealers illustrate an example of a manufacturer-sponsored retailer franchise system.
In this arrangement, the Ford Motor Company, as the manufacturer, grants licenses to independent dealers to sell their products, such as cars, trucks, and SUVs. These dealerships operate under the Ford brand and adhere to the company's guidelines, standards, and promotional efforts.
This type of franchise system benefits both the manufacturer and the franchisee. Ford Motor Company gains wider market reach and increased sales, while the independent dealers gain access to a well-established brand, training, support, and marketing resources.
This manufacturer-sponsored retailer franchise model fosters a mutually beneficial relationship and contributes to the overall success of both the Ford Motor Company and its network of franchised dealers.
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The overall process of building and maintaining profitable customer relationships by delivering superior customer value and satisfaction is referred to as ________.
Answer:
customer relationship management
Wants can also be considered which of the following?
Answer:
What are the answer choices
Which one of the actions listed below are NOT responsibilities of a
vendor?
5 points
Completing orders
Delivering merchandise to buyers
Making sure merchandise matches order
ОО
Arranging product displays
Suppose you take out a loan at your local bank. The bank expects to earn an annual real interest rate equal to %. Assuming that the annualized expected rate of inflation over the life of the loan is %, determine the nominal interest rate that the bank will charge you.
In conclusion, to determine the nominal interest rate that the bank will charge you, you need to add the expected rate of inflation to the expected real interest rate.
To determine the nominal interest rate that the bank will charge you, we need to consider the expected real interest rate and the expected rate of inflation.
The real interest rate is the rate at which the purchasing power of your loan will increase over time. The nominal interest rate, on the other hand, takes into account the expected rate of inflation and adjusts the real interest rate accordingly.
Let's say the bank expects to earn an annual real interest rate of X%. This means that they want to earn X% in real terms, above and beyond the rate of inflation.
Now, let's assume that the annualized expected rate of inflation over the life of the loan is Y%. The nominal interest rate can be calculated by adding the expected rate of inflation to the real interest rate.
So, the nominal interest rate would be X% + Y%.
For example, if the bank expects to earn a real interest rate of 5% and the expected rate of inflation is 3%, the nominal interest rate would be 5% + 3% = 8%.
In conclusion, to determine the nominal interest rate that the bank will charge you, you need to add the expected rate of inflation to the expected real interest rate.
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in this lab, you will use a web api to fetch and display quotes on a selected topic, as shown below.
In this lab, the goal is to utilize a web API to retrieve and showcase quotes related to a specific topic. The lab likely involves making HTTP requests to the API, parsing the response data, and displaying the quotes in a user-friendly format.
The lab will require understanding how to interact with web APIs and retrieve data using methods such as GET requests. The API used should provide access to a collection of quotes on various topics. By specifying the desired topic as a parameter in the API request, the lab participants can retrieve quotes specifically related to that topic. Once the response is received, the lab may involve extracting the relevant information, such as the quote text and author, and displaying it in an organized manner.
This lab is designed to provide hands-on experience with web APIs, data retrieval, and data display. It offers an opportunity to practice using HTTP requests, handling JSON or other data formats, and presenting information in a user-friendly way. By completing this lab, participants can enhance their understanding of web technologies and gain practical skills in working with APIs.
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Is this counted in the GDP of a country ?The services of a mechanic in fixing the radiator on his own car.
Answer:
Yes this could be counted as GDP
Explanation:
a pilot applies for life insurance. the insurer approves the application with a $10 additional monthly premium modification due to the risk involved. the pilot declines the additonal premium modification. the insurer will then likely issue the coverage with a(n)
Considering the situation described, the insurer will likely issue the coverage with an Aviation Exclusion.
The addition of Aviation Exclusion risk would curb the insurer's liability to that risk associated with the insurance contract.
This implies that considering the tendency of a pilot to die (not as a fare-paying passenger) in a plane crash or Aviation accident. Still, as a pilot, the addition of Aviation Exclusion would limit or void the insurance policy related to life.
Hence, in this case, it is concluded that the correct answer is "Aviation Exclusion."
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When using the high-low method, the equation that represents the slope of of the total cost line (variable cost per unit) is ______. Multiple choice question. (High cost - High activity level)/(Low cost - Low activity level) (High activity level - Low activity level)/(High cost - Low cost) (High cost - Low cost)/(High activity level - Low activity level)
When using the high-low method, the equation that represents the slope of of the total cost line (variable cost per unit) is High activity level - Low activity level)/(High cost - Low cost)
What is high-low method?The high-low method is used in computing cost.
The fixed and variable cost from a particular goods or sales.
Therefore, When using the high-low method, the equation that represents the slope of of the total cost line (variable cost per unit) is High activity level - Low activity level)/(High cost - Low cost
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Amy works as a teller at the local bank. What kind of education would Amy likely have needed for her job?
Answer:
high school diploma
Explanation:
Answer:
High School Diploma
Explanation:
I took the test said it was right. Also when you search what the requirements to become a bank teller it says "High School Diploma or equivalent."
how does our ear know where a sound is coming from? And don't use go.ogle cause i didn't understand what is written there.
I think it catches the sounds from vibrations that make sound waves. Or at least that's what my teacher says they are. We just started learning more about sound energy and she said that we hear things because soundwaves come and reach our ears after something vibrates.
Hope this helps and have a nice day.
-R3TR0 Z3R0
Answer:
We know where a sound is coming from based off of how loud the sound is and which ear we hear the sound in first
Explanation:
The vibration of a noise loses energy as it travels through the air. As it loses energy, it becomes quieter. This allows us to know how far away a noise is.
Our brains can tell where a sound is coming from based off of which ear it reaches first. If it reaches our left ear first, the noise is coming from our left. If it reaches our right ear first, it’s coming from the right.
What types of services do property taxes typically pay for?
Answer:
The local governing body will use the assessed taxes to fund water and sewer improvements and provide law enforcement, fire protection, education, road and highway construction, libraries and other services that benefit the community.
Which of the following is essential for a firm to gain a sustained competitive advantage over its competitors?
Answer:
Down Below
Explanation:
The resources must be valuable, rare, imperfectly imitable, and non-substitutable.
A bond with 5 years to maturity is selling for $833.00 and has a yield to maturity of 5.4% percent. If this bond pays its coupon payments annually and par value is $1,000, what is the bond's annual coupon rate? Hint: Known N, i, PV, and FV, find PMT. Express it as a percentage of $1000 (par value). 1.50% 1.82% 1.45% 1.66%
Bond's annual coupon rate is approximately 7.48%. None of the given options exactly match this value.
To find the bond's annual coupon rate, we can use the formula for calculating the coupon payment (PMT) based on the given information.
\(PV = PMT / (1 + i) + PMT / (1 + i)^2 + ... + PMT / (1 + i)^N + FV / (1 + i)^N\)
Where:
PV = Present Value ($833.00)
PMT = Coupon Payment
i = Yield to Maturity (5.4% or 0.054 as a decimal)
N = Number of years to maturity (5)
FV = Face Value ($1,000)
Substituting the known values into the equation, we have:
$833.00 = PMT / (1 + 0.054) + PMT / (1 + 0.054)² + PMT / (1 + 0.054)³ + PMT / \((1 + 0.054)^4\) + PMT / \((1 + 0.054)^5\) + $1,000 / \((1 + 0.054)^5\)
Simplifying the equation, we get:
$833.00 = PMT / 1.054 + PMT / (1.054)² + PMT / (1.054)³ + PMT / \((1.054)^4\)+ PMT / \((1.054)^5\) + $1,000 / \((1.054)^5\)
PMT, we can use a financial calculator or spreadsheet software. The calculated value for PMT is approximately $74.77.
The annual coupon rate is the coupon payment (PMT) divided by the par value ($1,000), multiplied by 100 to express it as a percentage. Therefore:
Annual Coupon Rate = ($74.77 / $1,000) * 100 ≈ 7.48%
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By law, an accountant must hold a CPA designation in order to
?
Answer:
The CPA designation isn't required to work in corporate accounting or for private companies. However, public accountants—which are individuals working for a firm, such as Deloitte or Ernst & Young, that provides accounting and tax-related services to businesses—must hold a CPA designation.
Explanation:
Answer:
Prepare audited or reviewed financial statements.
Hope this helps :)
Minakshi and kanchal are two real sisters.Minachi is an author and kanchan a business woman.Kanchan
has developed a new technique which is very useful for their business. Both the sisters are experts in
their respective fields. Minakshi learnt from someone that some people were coping her written work
(literary creation). Kanchan also learnt from some that the other businessmen were taking advantage of
their creations. One of their lawyer friends advised them that both of them were the owners of a special
property and the government had provided them with a legal security they could get rid of their worry
by taking advantage of this facility.
Answer the following questions related to the above paragraph:
1.Which particular property is possessed by both the sisters?
2.To which class belongs Minakshi’s property?
3.To which class belong Kanchans property?
These are the answers for the questions related to the text about Minakshi and Kanchan:
The particular property possessed by both sisters is Intellectual property.Minakshi's property belongs to the literary and artistic work class.Kanchan's property belongs to the industrial class property.Intellectual propertyThis text about the sisters Minakshi and Kanchal refers to the particular property called Intellectual property, which is a property that includes the creations of the human intellect, everything that was created by the person's mind.
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how do you write 4.3756*10 to the power of 4
Answer:
=43,756
From online sources the full question should be:
How do you write 4.3756*10 to the power of 4 in standard form:
Multiple-choice options:
a) 437,560,000 b) 43, 756 c). 0.00043756 d). 4,3756
Explanation:
4.3756 *10 to the power 4
=4.3756 x10^4
=4.3756 x 10,000
=43,756
Why do people buy and sell under futures contracts? Select ALL that apply
A. They want to take immediate advantage of the current prevailing prices.
B. They expect to make money by setting their contracts with cash payments.
C. They hope the actual price of an asset will be higher than the contracted price.
D. They value the buying and selling of derivatives on a transparent, public exchange.
How do style guides differ from one another? Select all that apply. Some have rules for documenting sources; some do not. They address the needs of different academic disciplines. They include different guidelines. There are no differences between style guides.
Answer:
Option B. They address the needs of different academic disciplines
Option C. They include different guidelines.
Explanation:
Option A is incorrect because all of the writing style guides have rules for documenting sources, for example, the Harvard style says the name of the article or book must in italic format.
Different Writing Style Guides are used for different disciplines. For example, AP Style is used for stuff associated with Journalism based writings, APA is used for social sciences, MLA Style is used for literature, etc. So every writing style guide deals with a separate academic disciplines. Hence the option B is correct here.
Option C is correct because all of these writing style have different guidelines.
Option D is incorrect because there is a difference between style guides otherwise we don't have bunch of writing styles.
Answer: b & c
Explanation:
got a 100%
clarisse wants to pick up her new air fryer at target. the air fryer had been out of stock, but customer service assured clarisse that she could pick it up on tuesday after 1 pm. what do target employees use to ensure the air fryer will be in stock at the store and ready for pick up?
Mobile Task Manager (MTM) is simply known to be well customize application or software. Target employees will make use of mobile task management technology to ensure the airfryer will be in stock at the store and ready for pick up.
The Mobile Task Manager is known to assist or helps engineers and property team members to manage service request and also work order and preventative maintenance tasks on the fly or easy way.It is said to have new features to improve functionality and its use.
A project management software also as a mobile app helps one to view one's software from your mobile device from anywhere at any time.
The full question is below
Clarisse wants to pick up her new air fryer at target. the air fryer had been out of stock, but customer service assured clarisse that she could pick it up on tuesday after 1 pm. what do target employees use to ensure the air fryer will be in stock at the store and ready for pick up. What do Target employees use to ensure the airfryer will be in stock at the store and ready for pick up?
O product development software
O mobile task management technology O advanced shipping notices fulfillment centers
O routing systems
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The marketing team of Kyns Technologies needed more funds to carry out market research for one of its new products. The research and development team also needed funds to improve the company's existing products. The teams decided to split the company's funds so that both teams could use them, but not optimally. Which of the following concepts does this scenario illustrate? A. Despotism B. Compromise C. Repression D. Domination
Answer: compromise
Explanation:
Compromise refers to a scenario whereby a deal is made between different parties and in such scenario, each party gives up part of their demand. It simply means finding agreement through communication.
Since despite the need of the marketing team and the research team, both teams decided to split the company's funds so that both teams could use them, but not optimally. This is referred to as compromise.
Answer:
Compromise
Explanation:
When agreement is made or a conclusion is reached between tow different parties or wings, such that each of the agreeing parties has to shelve a certain part of its plans or demand in other to reach a reasonable conclusion. This idea shelving or cutting down on intention or projects by each party is called compromise. In the scenario, both the marking and research and development teams needed funds, however, due to inadequate provision, they had to agree on rationing what is available even though an optimal usage would be very unlikely.
According to Florida Law, in which of the following situations would a dependent handicapped child NOT be covered under a Family Health policy? -The handicapped child has reached the limiting age
-The premiums for the handicapped child are not paid
-The handicapped child becomes a full-time student
-The family moves outside the provider network
According to Florida Law, a dependent handicapped child would NOT be covered under a Family Health policy if the child has reached the limiting age specified in the policy. The limiting age is typically set at 26 years, after which a child is no longer considered a dependent.
However, there are exceptions to this rule for handicapped children who are unable to support themselves financially due to their disability. If the premiums for the handicapped child are not paid, the child's coverage may be terminated, but this can usually be remedied by making the necessary payments. If the handicapped child becomes a full-time student, they may still be covered under the policy, provided they meet the requirements for dependent status. Finally, if the family moves outside the provider network, they may still be able to receive coverage under the policy, but they may need to pay higher out-of-network costs.
According to Florida Law, a dependent handicapped child would NOT be covered under a Family Health policy in the situation where "The premiums for the handicapped child are not paid." Health insurance policies typically require timely payment of premiums to maintain coverage. If the premiums are not paid, the insurance company may terminate the policy, resulting in a loss of coverage for the handicapped child.
In the other situations mentioned:
- The handicapped child reaching the limiting age does not necessarily mean a loss of coverage. Florida Law allows for the continuation of coverage for a dependent child with a disability, regardless of age, as long as the disability began before the limiting age and continues to render the child dependent on their parent or guardian.
- A handicapped child becoming a full-time student does not affect their coverage under a Family Health policy, as the child is still considered a dependent.
- The family moving outside the provider network may impact the availability of in-network providers but does not automatically lead to a loss of coverage for the handicapped child. It's essential to review the specific policy details and consult the insurance company for out-of-network coverage options.
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What is the dividend yield on stock A that sells 20$/share, when Company A pays a quarterly dividend of $0.20 per share? Give your answer as a percent rounded to the nearest tenth
Answer:
the dividend yield is 4%
Explanation:
The computation of the dividend yield is as follows:
Dividend yield = Dividend per share ÷ current share price per share
= ($0.20 × 4 quarters) ÷ $20
= $0.80 ÷ $0.20
= 4%
hence, the dividend yield is 4%
The same is determined by applying the above formula
there are opposing views about the use of currency to adjust trade balances. the group that argues that the external value of currency has no affect on the trade balance believes that the balance between _________ in a country determines the trade deficit.
The correct answer is: Savings and Investment
The group that argues that the external value of the currency has no effect on the trade balance believes that the balance between Savings and Investment in a country determines the trade deficit.
When a country's imports outnumber its exports over a specific time period then a trade deficit occurs. It is also known as a negative trade balance (BOT).
The balance can be calculated for various types of transactions, including goods (also known as "merchandise"), services, and goods and services. Balances for international transactions (current account, capital account, and financial account) are also computed.
Balance of Trade formula = Country's Exports – Country's Imports.
For example, suppose the USA imported $1.8 trillion in 2016 but exported $1.2 trillion to other countries, then the USA had a trade balance of -$600 billion, or a $600 billion trade deficit.
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The following purchases were made by a business house having three departments: Dept. A 1,000 units Dept. B 2,000 units at a total of $ 1,00,000 Dept. C 2,400 units Stock on January 1, were Dept. A 130 units Dept. B 80 units Dept. C 152 units The sales were Dept. A 1,020 units at $. 20 each Dept. B 1,920 units at $ 22.50 each Dept. C 2,496 units at $. 25 each The rate of gross profit is the same in each case. Prepare the departmental Accounts.
The following purchases were made by a business house having three departments to prepare the departmental accounts, we need to calculate the cost of goods sold and the closing stock for each department.
Calculate the cost of goods sold for each department:
Dept. A:
COGS = opening stock + purchases - closing stock
= 130 + 1,000 - 1,020
= 110
Dept. B:
COGS = opening stock + purchases - closing stock
= 80 + 2,000 - 1,920
= 160
Dept. C:
COGS = opening stock + purchases - closing stock
= 152 + 2,400 - 2,496
= 56
Calculate the gross profit for each department:
Dept. A:
Gross profit = Sales - COGS
= (1,020 * $20) - (110 * Cost Price per unit)
= $20,400 - (110 * Cost Price per unit)
Dept. B:
Gross profit = Sales - COGS
= (1,920 * $22.50) - (160 * Cost Price per unit)
= $43,200 - (160 * Cost Price per unit)
Dept. C:
Gross profit = Sales - COGS
= (2,496 * $0.25) - (56 * Cost Price per unit)
= $624 - (56 * Cost Price per unit)
Now, prepare the departmental accounts:
Dept. A:
Sales: $20,400
COGS: 110 units
Gross profit: $20,400 - (110 * Cost Price per unit)
Dept. B:
Sales: $43,200
COGS: 160 units
Gross profit: $43,200 - (160 * Cost Price per unit)
Dept. C:
Sales: $624
COGS: 56 units
Gross profit: $624 - (56 * Cost Price per unit)
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a.
3. A written communication between two departments of a company would be made by:
Letter
b. Memo
Intercom
d. Viewdata
C.
internet service providers