Managers watch the environment to be sure that they see changes that will require their company to operate successfully in the new environment. These changes are called: b. Strategic issues
The fundamental policy decisions or significant difficulties that must be resolved for a society to realise its goal are known as strategic issues. A community takes a deliberate approach to position itself for the future rather than merely responding to issues when it addresses strategic concerns. Therefore, strategic issues are those changes that managers keep an eye out for in the environment that will force the firm to adapt in order to succeed in the new environment.
Complex circumstances are those in which there are numerous various variables and factors at work, making it challenging to comprehend or forecast results. Ambiguities are circumstances where information is unclear, lacking, or open to multiple readings, making it challenging to decide what to do or how to proceed. When the future is uncertain or unexpected, planning ahead or preparing for possible results can be challenging.
Complete Question:
Managers watch the environment to be sure that they see changes that will require their company to operate successfully in the new environment. These changes are called:
a. Complexities
b. Strategic issues
c. Ambiguities
d. Uncertainties
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You run a small business that manufactures park benches. A single high-grade
bench you offer is made from the following direct costs.
1. Lumber - Oak
$7.50 5. Direct labor
$10.60
2. Concrete
$1.56 6. Delivery cost
$ 6.20
3. Metal screws
$ .75 7. Advertising
$ 1.32
4. Wood stain
$.79
What are the total direct costs for manufacturing 940 high-grade benches?
Answer:
$19,928
Explanation:
Direct Costs are costs that vary directly with the number of units produced.
Calculation of Total total direct costs for manufacturing
Consider only direct manufacturing costs per unit
1. Lumber - Oak $7.50
2. Concrete $1.56
3. Metal screws $ 0.75
4. Wood stain $0.79
5. Direct labor $10.60
Total $21.20
Therefore,
Total Cost = Unit Cost x Units manufactured
= $21.20 x 940
= $19,928
Conclusion
The total direct costs for manufacturing 940 high-grade benches is $19,928
a) The solar installation generates electric power from sunlight and incurs operating costs for cleaning
the solar modules (sometimes called solar panels) and replacing solar modules that have failed. The
annual revenue from the electric power is variable due to variable cloudiness and solar module failure
and has a mean of $2.78m and a standard deviation of $0.32m. The annual operating costs have a mean
of $0.51 and a standard deviation of $0.12m.
calculate the mean and standard deviation of the annual profit
Answer:
The mean of the annual profit is $2.27 m.
The standard deviation of the annual profit is $0.3418 m.
Explanation:
Let X represent the annual operating costs for cleaning the solar modules and replacing solar modules that have failed.
And let Y represent the annual revenue from the electric power.
It is provided that:
\(E(X)=\$0.51\ m\\E(Y)=\$2.78\ m\\SD(X)=\$0.12\ m\\SD(Y)=\$0.32\ m\)
It is known that:
Annual Profit (Z) = Annual Revenue (Y) - Annual Operating Costs (X)
Compute the mean of the annual profit as follows:
\(E(Z)=E(Y-X)\)
\(=E(Y)-E(X)\\=2.78-0.51\\=2.27\)
The mean of the annual profit is $2.27 m.
Compute the standard deviation of the annual profit as follows:
\(SD(Z)=\sqrt{V(Y-X)}\)
\(=\sqrt{V(Y)+V(X)-2Cov(X,Y)}\\=\sqrt{V(Y)+V(X)}\\=\sqrt{(0.32)^{2}+(0.12)^{2}}\\=0.3418\)
The standard deviation of the annual profit is $0.3418 m.
A qualitative assessment of the business, its customers and suppliers, and management’s character and capability is known as:
covenant waivers.
due diligence.
indenture evaluation.
a debenture.
The qualitative assessment of the business, its customers and suppliers, and management's character and capability is known as "due diligence."
Due diligence refers to the process of conducting a thorough investigation and assessment of a business or investment opportunity before making a decision. It involves examining various aspects of the business, including its financials, operations, legal and regulatory compliance, market position, customers, suppliers, and management team.
During the due diligence process, potential investors or stakeholders gather information, analyze data, and evaluate the qualitative factors to assess the overall viability, risks, and potential of the business. This assessment helps them make informed decisions and understand the strengths, weaknesses, opportunities, and threats associated with the investment or business venture.
Covenant waivers, indenture evaluation, and debenture are different concepts and not specifically related to the qualitative assessment of the business, customers and suppliers, and management's character and capability.
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yang company sold merchandise for $2,000 cash. the event is subject to a state sales tax of 9%. recognizing the sale will require yang to
Recognising the sale will require Yang to recognize sales tax liability of $180.
A tax is a form of transfer of wealth from households and businesses to the government.
Types of Taxes
Sales tax: it is a type of consumption tax. It is the tax levied on the sales of products. An example is the value added tax. Excise tax: it is a tax levied on certain goods and services at the point of sale. This tax is usually levied on goods that the government wants to discourage its consumption. e.g. tobaccoIn order to determine the tax liability of Yang, this formula would be used:
sales tax x cost of goods sold
9% x $2000
0.09 x $2000
= $180.
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Direction: Write HURRAY to statements that expresses correct thought and HEPHEP if not.
1. Production record reflects the list of the different crops grown in the farm in a particular year.
2. The use of flyer for marketing fruits and seedlings is convenient and cheap.
3. Web marketing involves both advertising and marketing efforts through email to current and prospective customers.
4. Email marketing includes e-commerce, promotional or informative websites, and online advertising on search engines.
5. Online marketing is the process of selling products to the market.
6. Social media marketing involves both advertising and marketing efforts via social networking sites.
7. Fruits are ready for harvest at the right degree of maturity.
8. Calamansi is best to harvest from July to October.
9. Cash record is the value received from cash sales and cash payments in a certain period.
10. August to November is the best time of the year to harvest soursop or guyabano and lanzones.
Answer:
1.hephep
2.hephep
3.hurray
4.hephep
5.hurray
6.hurray
7.hurray
8.hephep
9.hephep
10.hurray
hope its help
#carry on learning
what is the impact of atm on banking sector?
Answer:
Explanation:
ATM s are of great use to the banks as the reduce the number of people storming the banks for withdrawal of money as well as deposit of money it reduces cost of operation and from customer point of view it is available easily near by hence travelling further distance to the bank is not required
ATMs are one of the most convenient services provided by the banks to customers. It is beneficial to banks as it is to its customers. It helps banks to save cost and time in withdrawing money and various other services which are now provided by ATM.
Automated teller machines, or ATMs as they are more commonly referred to, are a convenient way to conduct one-on-one transactions quickly and easily. One can do self-serviced transactions with these machines without a physical teller's aid or a trip to the bank branch. Cash withdrawals, cash deposits, and fund transfers are just a few of the many transactions possible with automated teller machines, or ATMs. Although the majority of customers only use ATMs to withdraw cash, these additional transactions make the service more effective.
With the advent of the ATM, users' financial lives became simpler because they could now perform simple transactions on their own with the aid of an ATM, which was much more practical than often visiting the bank. The ability for users to transact between banks is another significant advantage of an ATM. This means you can still use basic services like cash withdrawals from the ATM even if you don't have an account with the bank that runs the machine. Again, this saves you time and comes in handy in an emergency because you won't need to go to the ATM at your bank every time you need a quick infusion of cash. ATM helps banks operate more cheaply by lowering the number of human operations. The ATM provides service 24 hours a day which means customers can avail of money and other services at any time of the day.
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You have three separate accounts with your bank that you can manipulate with online banking. Account "A" is a checking account with a $5,245.50 balance, Account "B" is a personal savings account with a $12,850.25 balance, and account "C" is a joint college savings account with your 12-year-old son. You move $2,500 from account "B" to account "A" to cover an unexpected bill. You also move 1.5% of the remaining balance in account "B" to account "C". What is left in account "B" after these transfers? A) $10,195 B) $10,350 C) $15,550 D) $25,000
Answer:
A) $10,195
Explanation:
This can be calculated as follows:
Amount in Account "B" = $12,850.25
Remaining balance after moving $2,500 from Account "B" to account "A" = Amount in Account "B" - $2,500 = $12,850.25 - $2,500 = $10,350.25
Amount moved from account "B" to account "C" = Remaining balance after moving $2,500 from Account "B" to account "A" * 1.5% = $10,350.25 * 1.5% = $155.25
Balance after moving 1.5% of the remaining balance in account "B" to account "C" = Remaining balance after moving $2,500 from Account "B" to account "A" - Amount moved from account "B" to account "C" = $10,350.25 - $155.25 = $10,195
Therefore, the correct option is A) $10,195.
A stigmatized property is one: (a) Where physical damage makes it undesirable to buyers (b) That a historical society owns and maintains (c) Where a particular event has affected the desirability of the property (d) None of these are correct
Answer:
(C) Where a particular event has affected the desirability of the property
Explanation:
A stigmatized property is one that has been psychologically impacted by an event that occurred on the property or one that has been suspected to have occurred on that property. Such a property is now "stigmatized" because such an event will have a drastic effect on multiple values and aspects of the property.
The price elasticity of supply measures how Multiple Choice easily labor and capital can be substituted for one another in the production process. responsive the quantity supplied of X is to changes in the price of X. responsive the quantity supplied of Y is to changes in the price of X. responsive quantity supplied is to a change in incomes.
Answer:
Yes
Explanation:
Cause an increase in price causes increase in goods produced
Sunland Manufacturing produces pumps for residential swimming pools. For the year, management estimated that total manufacturing overhead would be $1641500. Management decided to use direct labor hours to apply manufacturing overhead and budgeted 67000 direct labor hours. The balance in over- or underapplied overhead is deemed to be small. The following information was compiled before an adjustment had been made to close Manufacturing Overhead Control:Raw Materials Inventory $304640Work in Process Inventory $338030Finished Goods Inventory $756380Actual direct labor hours used 72000Actual overhead incurred $1434540
Sunland Manufacturing's actual manufacturing overhead for the year was $1,756,716.42.
The manufacturing overhead for the year can be calculated using the formula:
Manufacturing Overhead = Actual Overhead Incurred + Underapplied or (-) Overapplied Overhead
To calculate the underapplied or overapplied overhead, we need to compare the actual manufacturing overhead with the manufacturing overhead applied based on the estimated direct labor hours.
Manufacturing Overhead Applied = Estimated Manufacturing Overhead / Estimated Direct Labor Hours x Actual Direct Labor Hours
= $1,641,500 / 67,000 x 72,000
= $1,756,716.42
Underapplied Overhead = Actual Overhead Incurred - Manufacturing Overhead Applied
= $1,434,540 - $1,756,716.42
= -$322,176.42
Therefore, the manufacturing overhead for the year is:
Manufacturing Overhead = Actual Overhead Incurred - Overapplied Overhead
= $1,434,540 - (-$322,176.42) = $1,756,716.42
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The correct question is:
Sunland Manufacturing produces pumps for residential swimming pools. For the year, management estimated that total manufacturing overhead would be $1641500. Management decided to use direct labor hours to apply manufacturing overhead and budgeted 67000 direct labor hours. The balance in over- or underapplied overhead is deemed to be small. The following information was compiled before an adjustment had been made to close Manufacturing Overhead Control:
Raw Materials Inventory $304640
Work in Process Inventory $338030
Finished Goods Inventory $756380
Actual direct labor hours used 72000
Actual overhead incurred $1434540
For the year, manufacturing overhead was?
a product that is bought by a company for use in making another product is called a(n) product.
A product that is bought by a company for use in making another product is called an intermediate product.
Intermediate products play a crucial role in the production process, as they serve as inputs or raw materials that are transformed into finished goods. These products can include various components, such as metals, plastics, or chemicals, which are used to create the final item.
Companies rely on intermediate products to manufacture their goods, and these products often pass through multiple stages of production before becoming part of the final product. It is important for businesses to source high-quality intermediate products to ensure the quality and efficiency of their production process. By using reliable suppliers and maintaining strong relationships with them, companies can better manage their supply chains and reduce potential disruptions in the production process.
In summary, intermediate products are essential elements in the manufacturing process, serving as building blocks for finished goods. Companies must carefully source and manage these products to maintain a smooth and efficient production process and ensure the quality of their end products.
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Name and briefly describe the quantitative methods of control (ABM)
Mathematical and statistical techniques are the two main categories of quantitative management methods.
What is quantitative management?Computers and mathematical methods are used in quantitative management to sort through financial statistics and choose stocks. Managers use previous quantitative linkages they have observed to inform "models" that aid in stock selection.
Screening is the process of examining historical information on businesses using a computer. A quantitative manager may develop a program to screen 2,000 stocks based on a specific set of traits or criteria.
The manager might prove, for instance, that historically, stocks with low price-to-earnings ratios and rapid earnings growth during the previous two years outperformed the market the following year.
The simplicity of using a model once it is established is the obvious advantage. Given the constantly shifting landscape of the financial markets, developing the model is the challenging aspect.
It might be challenging to incorporate enough adaptability into a model in quantitative management without adding too many additional variables.
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in the ________ phase of the strategic marketing planning process, the tone of decision-making questions is centered on the notion of "should we?"
In the planning phase of the strategic marketing planning process, the tone of decision-making questions is centered on the notion of "Should we?".
The most important as it analyzes internal strengths and weaknesses, external competition, changes in technology, and industry culture shifts and provides an overall picture of the state of the organization is known as the planning phase. It involves the identification and assessment of goals, merits, shortcomings, assets, and liabilities and lays down the groundwork for the subsequent phases.
The strategic marketing planning process typically consists of several phases. These phases generally include the following:
Planning PhaseAnalysis PhaseDevelopment PhaseThe different marketing strategies that companies can use to reach their target audience and achieve their marketing goals include:
Paid advertisingCause marketingRelationship marketingUndercover marketingWord of mouthInternet MarketingTransactional marketingDiversity marketingTo learn more about the planning phase:
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Can you think of a bad decision from your own school or work experience, or from recent business or political news stories, that was made in an effort to correct or justify a past decision?
Answer:
Explanation:
Personal Experience:
One time I had to turn in an assignment for the company that I worked for which needed to be done and turned in by the end of the workday. I failed to do so due to family issues. This assignment was incredibly important and failure to turn it in would have cost the company a lot of money. So I stayed up all night and finished the assignment. I ended up breaking into the office in the middle of the night to turn it in before the boss found out. It was a bad decision since I could have gotten arrested or fired.
In 1999, three investors start a local coffee shop. By 2004, the original shop has expanded to six locations but is still owned by the three original investors. In 2011, the chain has now expanded to 640 locations in eight states, the original investors decide they will take the company public, and it is traded on the NASDAQ stock exchange. How would this company be defined in 2011
The local company that has now decided to go public and trade on the NASDAQ would now be referred to as a publicly traded company.
What is a publicly traded company?A publicly traded company is a company whose shares are traded on the stock exchange. When members of the public purchase the stock of company on the exchange, they become owners of the company and are paid dividends.
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enter mia profit/loss for the 2 month
What is the degree of operating leverage for Flippin’ Out Company, a maker of scuba flippers, if the firm sells its finished product for $30 per unit with variable costs per unit of $6? The company has fixed operating costs of $5,000,000 and sells 1,000,000 units (the answer is rounded).
The degree of operating leverage for Flippin' Out Company is approximately X (rounded).
What is the degree of operating leverage for Flippin' Out Company?The degree of operating leverage measures the sensitivity of a company's operating income to changes in its sales. It is calculated by dividing the percentage change in operating income by the percentage change in sales. In this case, we can calculate the degree of operating leverage using the following formula:
Degree of Operating Leverage = Contribution Margin / Operating Income
The contribution margin is calculated as the difference between the selling price per unit and the variable cost per unit. Given that the selling price per unit is $30 and the variable cost per unit is $6, the contribution margin per unit is $24.
To calculate the operating income, we subtract the fixed operating costs from the contribution margin multiplied by the number of units sold. The fixed operating costs are given as $5,000,000, and the number of units sold is 1,000,000.
Operating Income = (Contribution Margin × Number of Units) - Fixed Operating Costs
Operating Income = ($24 × 1,000,000) - $5,000,000
Operating Income = $24,000,000 - $5,000,000
Operating Income = $19,000,000
Finally, we can calculate the degree of operating leverage by dividing the contribution margin by the operating income:
Degree of Operating Leverage = Contribution Margin / Operating Income
Degree of Operating Leverage = $24 / $19
Degree of Operating Leverage ≈ 1.26 (rounded)
Therefore, the degree of operating leverage for Flippin' Out Company is approximately 1.26.
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Can someone please help me with this!!!!
Answer:
Eh easy aall you have to do is pay 4,305 dolllars
Explanation:
Which of the following is NOT a reason a company would buy or sell shares of their own common stock?
a. To manage earnings by reducing the denominator of EPS.
b. To manage earnings by timing gains and losses on the sale and repurchase of common stock.
c. To change the level of debt versus equity financing in the company’s capital structure.
d. To signal to the market the shares are undervalued by repurchasing the stock. e. To return value to shareholders without paying a dividend.
The reason that is NOT a reason a company would buy or sell shares of their own common stock is option C - To change the level of debt versus equity financing in the company’s capital structure by understanding share buybacks, their implications, and how they can impact a company's financials.
Buying or selling shares of their own common stock is a strategic move that companies undertake for various reasons. However, changing the level of debt versus equity financing in the company's capital structure is not one of those reasons. Let's explore the other options to understand why they are valid reasons, which will further highlight why option C is the exception.
To manage earnings by reducing the denominator of EPS: Companies may buy back their own shares to reduce the number of outstanding shares, thereby lowering the denominator in the earnings per share (EPS) calculation. This can artificially increase the EPS, making the company appear more profitable.
To manage earnings by timing gains and losses on the sale and repurchase of common stock: Timing gains and losses on the sale and repurchase of common stock allows companies to manipulate their financial statements. They can sell shares when the stock price is high, realizing gains, and then repurchase shares when the price is low, potentially offsetting losses.
To signal to the market the shares are undervalued by repurchasing the stock: When a company believes that its shares are undervalued, it may choose to repurchase its own stock. This action sends a signal to the market that the company has confidence in its future prospects and believes the shares are worth more than the current market price.
To return value to shareholders without paying a dividend: Instead of distributing cash dividends, companies may opt to buy back shares as a means of returning value to their shareholders. This allows shareholders to benefit from the increase in share price without incurring tax obligations associated with dividends.
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what is the highest level or organization in the current phylogenetic tree of life?
The highest level or organization in the current phylogenetic tree of life contains three domains - Bacteria, Archaea and Eukaryota.
Bacteria -
The estimated evolutionary links between taxa—which can be creatures, species, strains, or even genes—are represented by phylogenetic trees.
To describe the connections between different bacterial strains, phylogenetic trees can be employed.
Archaea -
Archaeans' phylogeny is based on the DNA's molecular sequences. Three different groupings within the Archaea are revealed by the examination of these sequences.
The Euryarcheota, which contains numerous methane-producing and salt-loving archaeans, is arguably the best known.
Eukaryota -
The eukaryote Tree of Life (eToL) depicts the phylogeny of all eukaryotic lineages, with microbial "protists" making up the great majority of this diversity.
The eToL has been condensed into a small number (five to eight) of "supergroups" since the early 2000s.
This tree has undergone significant modification recently, primarily as a result of the development of phylogenomics and the inclusion of multiple additional 'kingdom-level' lineages of heterotrophic protists.
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Anne Murray is planning to buy a property, in addition to the family home she and Henry own, for rental purposes. She is considering a property in Bristol costing RM350,000. She has savings of RM85,000, which she will use as a deposit, but will need to borrow the remaining amount for the purchase. She requests you to research and find a suitable buy-to-let mortgage for her.
Anne Murray should consider taking out a buy-to-let mortgage for the purchase of the rental property in Bristol.
A buy-to-let mortgage is specifically designed for people who are purchasing property with the intention of renting it out. This type of mortgage typically requires a larger deposit than a standard residential mortgage, but the interest rates are often more competitive.
By using her savings as a deposit, Anne Murray will likely be able to secure a buy-to-let mortgage for the remaining amount needed to purchase the property. It is important to note that lenders will typically require a detailed business plan and evidence of potential rental income before approving a buy-to-let mortgage.
Anne should do thorough research on lenders and compare their interest rates, fees and repayment terms to find the most suitable mortgage for her financial situation.
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2 The link that distributes a product from a supplier to the consumer is afn)
A. supply chain
B. shipping center
C. employee chain.
D. office hub.
What are some of the duties of a person who works in housekeeping services? Check all of the boxes that apply.
creating computer reports
washing linens
providing services to patients
mopping up spills from the floor
Answer:
2 4
Explanation:
(a) A restaurant has annual sales of $420,000, an average inventory of $6000, and an annual cost of goods sold of $264,000. What is the restaurant's monthly inventory turns? (b) A restaurant has annual sales of $420,000, an average inventory of $6000, and an annual cost of goods sold of $264,000. What are the restaurant's days-of-supply of inventory? (Assume 365 days per year) (c) An online shoe retailer's annual cost of holding inventory is 35 percent. The firm operates with a days-of-supply of 20 days, and assume there are 365 days per year. What is the inventory holding cost (in $s) for a pair of shoes that the firm purchased for $50?
With a days-of-supply of 20 days, the inventory holding cost for a pair of shoes is = $0.048
(a) To find the restaurant's monthly inventory turns, we need to divide the cost of goods sold by the average inventory and then divide by 12 (for 12 months in a year).
Cost of Goods Sold / Average Inventory = $264,000 / $6,000 = 44
44 / 12 = 3.67
Therefore, the restaurant's monthly inventory turns are 3.67.
(b) To find the restaurant's days-of-supply of inventory, we need to divide the average inventory by the cost of goods sold and then multiply by 365 (for 365 days in a year).
Average Inventory / Cost of Goods Sold = $6,000 / $264,000 = 0.0227
0.0227 * 365 = 8.29
Therefore, the restaurant's days-of-supply of inventory are 8.29.
(c) To find the inventory holding cost for a pair of shoes, we need to multiply the cost of the shoes by the annual cost of holding inventory and then divide by the number of days in a year.
Inventory Holding Cost = (Cost of Shoes * Annual Cost of Holding Inventory) / Number of Days in a Year
Annual Cost of Holding Inventory = 35% = 0.35
Number of Days in a Year = 365
Inventory Holding Cost = ($50 * 0.35) / 365 = $0.048
Therefore, the inventory holding cost for a pair of shoes that the firm purchased for $50 is $0.048 or approximately 5 cents.
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Undistributed profits that have accumulated in the company over time are called.
Undistributed profits that have accumulated in the company over time are called : Retained earnings.
What is retained earning?Retained earning is the amount of net income left over for the business after it has paid out dividends to its shareholders.
Retained earnings are the amount of profit a company has left over after paying all its :
Direct costsIndirect costsIncome taxesDividends to shareholders.Businesses can use these earnings to reinvest into the company for expansion through the purchase of property, plant and equipment or to pay off its debts.
Therefore, retained earnings is the distributed profits that have accumulated in the company over time.
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this argument for trade protection requires that trade restrictions are imposed temporarily, until a new industry gains strength and maturity to compete on its own.
Protecting jobs and industries is a political argument for trade protectionism from the standpoint that defending employees livelihood and the industries and the firms that appoint them are quintessential to a nation's monetary boom and well-being.
What are the sorts of trade protection?Protectionism takes three important forms: tariffs, import quotas, and nontariff barriers.
What are the arguments for imposing alternate barriers?Infant Industries
One argument for exchange boundaries is that they serve as a sort of buffer to protect fledgling domestic industries. Initially, firms in a new industry can also be too small to achieve good sized economies of scale and could be clobbered with the aid of hooked up firms in other countries.
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https://brainly.com/question/12478371#SPJ4Advertising has some shortcomings. What is NOT one of them?
A) It is impersonal.
B) It can be very costly.
C) It slowly reaches many people.
D) It carries on one-way communication with the audience.
E) It does not make audiences feel the need to respond.
The answer to the question "Advertising has some shortcomings. What is NOT one of them?" is option C: It slowly reaches many people.
Advertising has several shortcomings which are explained below:
1. It is impersonal: This is one of the most significant shortcomings of advertising. Advertisements are impersonal, meaning that they cannot be personalized. There is no direct interaction between the advertiser and the consumer.
2. It can be very costly: Advertising can be expensive. There are many forms of advertising that require a significant amount of money to produce, and the return on investment (ROI) may not be enough to justify the expense.
3. It carries on one-way communication with the audience: Advertising is a one-way communication method that conveys information to consumers. It does not provide an opportunity for a two-way conversation between the advertiser and the audience.
4. It does not make audiences feel the need to respond: In general, advertising does not motivate people to respond. In many cases, the response rate is very low.
5. It slowly reaches many people: Advertising is not always immediate, which means it takes some time to reach a large audience.
Hence, the answer to the question "Advertising has some shortcomings. What is NOT one of them?" is option C: It slowly reaches many people.
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stereo corp. continued production of their popular radio line into 2018. the following information on inventory and production pertains to the year 2018. cost of goods manufactured $263,000 beginning finished inventory $0 ending finished goods inventory $37,000 overapplied overhead $7,000 calculate the adjusted cost of goods sold for the year 2018.
To calculate the adjusted cost of goods sold for the year 2018, we need to consider the following information:
1. Cost of goods manufactured: $263,000
2. Beginning finished inventory: $0
3. Ending finished goods inventory: $37,000
4. Overapplied overhead: $7,000
To calculate the adjusted cost of goods sold, we need to adjust for the change in finished goods inventory. The formula to calculate the adjusted cost of goods sold is:
Adjusted Cost of Goods Sold = Cost of Goods Manufactured + Beginning Finished Inventory - Ending Finished Goods Inventory
Let's plug in the values:
Adjusted Cost of Goods Sold = $263,000 + $0 - $37,000
Simplifying the equation, we get:
Adjusted Cost of Goods Sold = $226,000
Therefore, the adjusted cost of goods sold for the year 2018 is $226,000.
It's important to note that the overapplied overhead of $7,000 is not included in the calculation of the adjusted cost of goods sold. Overapplied overhead is a separate item and is usually accounted for separately in the financial statements.
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The adjusted cost of goods sold for the year 2018 can be calculated by subtracting the ending finished goods inventory from the cost of goods manufactured and then adjusting for any overapplied overhead.
To calculate the adjusted cost of goods sold, we need to follow these steps:
1. Subtract the ending finished goods inventory from the cost of goods manufactured. In this case, the cost of goods manufactured is $263,000 and the ending finished goods inventory is $37,000. So, we have $263,000 - $37,000 = $226,000.
2. Next, we need to adjust for any overapplied overhead. Overapplied overhead refers to the situation when the actual overhead costs are less than the applied overhead costs. In this case, the overapplied overhead is $7,000.
3. To adjust for the overapplied overhead, we subtract the overapplied overhead from the result obtained in step 1. So, $226,000 - $7,000 = $219,000.
Therefore, the adjusted cost of goods sold for the year 2018 is $219,000.
In summary, the adjusted cost of goods sold for the year 2018 is $219,000. This is calculated by subtracting the ending finished goods inventory from the cost of goods manufactured and adjusting for any overapplied overhead.
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Question 14 (2 points)
Which career cluster involves hands-on occupations and possibly working outside?
Investigative
Realistic
Enterprising
Conventional
Answer: Enterprising
Explanation: Hands-on jobs are occupation that requires little education, it relate to the practice of learning from experience on the job rather than reading and learning from books. The career cluster of hands-on occupation includes; technicians, plumbers, woodwork, hygiene and catering workers etc.
Enterprising is characterized by great imagination and initiative with energetic to carry out work . Enterprising best fit hands-on career cluster.
the foreign corrupt practices act outlawed question 13 options: accounting fraud. price collusion. corruption in government. bribery of officials in other countries. executive misconduct.
The foreign corrupt practices act outlawed d. bribery of officials in other countries.
What is corrupt practices act?
The United States passed the Federal Corrupt Practices Act, often known as the Publicity Act, in 1910 and revised it in 1911 and 1925. Up until the Federal Election Campaign Act was passed in 1971, it remained the basic legislation of the country governing campaign funding in federal elections. On June 25, 1910, President William Howard Taft signed the Act.
For House general elections, the Act set expenditure caps for political parties. By mandating political party national committees to provide post-election reports on their contributions to particular candidates and their own expenditures, it was the first federal law to call for the public disclosure of spending by political parties but not by candidates.
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