Clooney corporation has physical inventory of $52,770 and reports inventory shrinkage of $1,600, then the company’s account balance of merchandise inventory is option (C) i.e. $51,170.
On occasion, the accounting records' physical inventory account does not agree with the inventory account. Any disparities should be investigated by the organization's management to identify their root cause. The term "inventory" includes both the raw materials utilized in production and the final goods that are put up for sale. Inventory is one of a company's account most significant assets because it is a key source of income generation and, as a result, a source of profits for the company's shareholders. Finished goods, works-in-progress, and raw materials are the three different types of inventory. It appears as a current asset on the balance sheet of a business. Some key features are - On a company's balance sheet, inventory is categorized as a current asset and comprises of both the raw materials needed to produce products and the items that are currently on the market. The three different types of inventory are goods in process, finished goods, and raw materials. The three methods used to evaluate inventory are the first-in, first-out method, the last-in, first-out approach, and the weighted average method. By creating or acquiring things only as needed, inventory management enables businesses to lower inventory expenses.
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the u.s. department of education put out a contract for 250,000 smartboards and the contract stated that preference would be given to bids that declared at least 51 percent of the materials by value in the smartboards were produced in the united states. which legislative act is this stipulation based on?
The stipulation is based on the American Recovery and Reinvestment Act.
What is stipulation?
A stipulation is indeed a formal legal acknowledgment as well as agreement reached between opposing parties prior to a hearing or trial under American law. For instance, both parties might agree on certain facts, avoiding the need for a courtroom debate. The stipulation is presented to a judge after it has been signed. The phrase can also refer to the a special rule inside a professional wrestling match that can make the loser take a specific action, like retiring, or to any other modification to the match type's fundamental rules. The word is a translation of the Latin word for straw, stipula. The custom in Ancient Rome was for the parties to an agreement to break a straw as a symbol of their understanding and to record the terms of the agreement in writing (stipulationes).
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Fill in the blank. Effective segmentation identifies where your customers are in the ___________, and assists your customers in taking the appropriate next step in their___________.
Effective segmentation identifies where your customers are in the buyer’s journey, and assists your customers in taking the appropriate next step in their individual customer journey.
Segmentation recognizes that different human beings and groups have distinct wishes. hit entrepreneurs use segmentation to figure out which corporations (or segments) in the market are a satisfactory match for the products they offer. these companies represent their target market.
An advertising and marketing segmentation method allows deciding which customers you may build relationships with, how to group them, and what advertising and marketing movements to take to great reach your goal market. growing a customized experience catered to customers lead to higher purchaser retention quotes and greater centered advertising and marketing campaigns.
goal marketplace segmentation primarily based on demographics may be one of the best methods to target particular customers. The cause for that is that you can find the demographics of your target market effortlessly. segmentation strategy is a scoping decision that facilitates cognizance of early efforts of an enterprise at the client opportunities maximum in all likelihood to generate success.
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when edward finds out that his organization, which is struggling financially, is contemplating the implementation of a new enterprise system, it worries him. does edward have any valid reason to be concerned?
Edward is alarmed to learn that his organization, which is having financial trouble, is thinking about implementing a new business system. a good reason to be worried yes, because problems with an enterprise system implementation can be expensive to fix.
ERP implementation is challenging since it involves a complicated procedure and has an impact on the entire company. By making room for automation in place of manual operations, it causes a paradigm shift in how working mechanisms operate.
Poor planning, poor resource management, and a lack of risk awareness are the main causes of ERP installation failure. This failure can occur on a number of levels, including crucial business operations that can overwhelm a technical team's capacity to successfully manage risks and change.
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what type of economies tend to produce higher wealth levels because they enable more efficient allocation of resources to promote sustainable, long-term economic growth? group of answer choices command market-oriented centrally planned none of the options
Because they allow for more effective resource allocation to foster long-term, sustainable economic growth, "centrally planned" economies typically create higher wealth levels.
Define the term Centrally Planned Economy?The centrally planned economy, commonly referred to as a command economy, is a form of capitalism where decisions about the production and consumption of goods are made by the government.
Market economies, from which these decisions are the consequence of hundreds of choices made by producers and consumers, are different from centrally planned economies.Although individual businesses may occasionally be brought into economic planning, state-owned corporations produce goods and services throughout planned economies frequently. In most cases, a centralized bureaucracy determines the costs, salaries, and production schedules. Important economic choices in a planned economy are made by a number of political as well as administrative organizations. Typically, this entails local administrators informing central authorities of their capabilities and requirements, and the latter using that information to draft a national economic plan.As a result of their ability to allocate resources more effectively to foster long-term, sustainable economic growth, "centrally planned" economies typically produce higher levels of wealth.
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which of the following combinations will result in a bond with the greatest price volatility? a) low coupon and long maturity b) high coupon and short maturity
The combinations will result in a bond with the greatest price volatility is Low coupon and long maturity.
A commodity's price changes are referred to as "price volatility." The daily percentage difference in the commodity price is used to gauge volatility. A volatile market is one that exhibits a high degree of volatility rather than high prices. Price is a function of supply and demand, so volatility must be a result of the market's underlying supply and demand dynamics. High levels of volatility therefore reflect unusual characteristics of supply and/or demand.
Natural gas, electricity, and heating oil prices are among the most variable of all prices for commodity. When the price of natural gas or other fuels fluctuates, many consumers have very limited options for substituting them, which contributes to the erratic nature of energy prices.
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your pricing strategy should allow for a good margin while addressing target segment pricing. which of the following would be an appropriate pricing strategy?
Charging a higher price if the features meet the demands of the target segment is an appropriate pricing strategy.
What is Margin?The profit made in business after deducting costs is referred to as a margin and is expressed as a percentage. Margin is the money an investor deposits with a broker when borrowing funds to purchase an asset in the stock market.
Margin is the money an investor borrows from a broker to purchase an investment in a trading context. It stands for the difference between the loan's value and the investment's worth. Investors may use a margin account, a type of brokerage account.
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when using the automatic mileage method, which of the following expenses, if any, also can be claimed? a.engine tune-up. b.parking. c.interest on automobile loan. d.macrs depreciation.
When using the automatic mileage method, the expenses, that can be claimed is b.parking.
What are expenses?
Expenses can be described as the cos which can be seen as the operational cost that is paid to earn business revenues.
It should be noted that this expenses are the outflow of cash in return for goods or services which is needed in the company so that they can also make profit, in conclusion one of the expenses that can be claimed from the question is parking.
Therefore, option B is correct.
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choose the statement below which is correct regarding which bank reconciliation items require adjusting journal entries.
a. Only the items reconciling the bank balance require adjustment
b. All items reconciling both the bank balance and the book balance require adjustment
Only the items reconciling the book balance require adjustment. bank reconciliation items require adjusting journal entries.
In accounting, reconciliation is the method of making sure that units of records (generally the balances of accounts) are in agreement. Reconciliation is used to make certain that the cash leaving an account suits the real cash spent. This is achieved with the aid of using ensuring the balances in shape on top of a selected accounting period.
The typically conventional accounting principles (GAAP) are fixed of accounting principles, approaches, and requirements that establishments use so as to assemble their monetary statements. GAAP states that the reason of account reconciliation is to offer accuracy and consistency in monetary accounts. To make certain all coins outlays and inlays in shape among cashflow statements and profits statements it's miles vital to perform reconciliation accounts.
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if an american water company $1,000 par value bond has a coupon rate of 9.0 percent and is selling for $920, then the yield to maturity must be: greater than 9% equal to 9% less than 9% zero cannot be determined
If an American water company's $1,000 par value bond has a coupon rate of 9 percent and is selling for $920, then the yield to maturity must be greater than 9%.
To determine the bond's value, add the present value of the interest payments to the present value of the principal received at maturity. To calculate the present value of interest payments, multiply the amount by the number of equal payments made over time.
A bond is a type of debt security that pays a fixed rate of interest until it matures. When a bond matures, the bond's principal amount is returned to the bondholder. Bonds are issued by governments to raise funds for public projects such as roads and bridges. Corporations issue bonds to raise funds for business expansion.
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which of the following are reasons producers need order getters? (check all that apply.) multiple select question. establishing and building channel relationships completing transactions with existing customers discovering new opportunities locating new prospects opening new accounts
Establishing and building channel relationships are reasons producers need order getters.
Why do area managers receive a bad rap for being order takers?
Account managers, territory managers, client relationship managers, and business development managers are order-getters, on the other side. because they proactively work to establish a relationship and address clients' issues.
Order takers are self-assured and proactive, searching and listening for solutions to the client's problems rather than collecting orders. They create trust with the client by asking the right questions, then offer solutions that would suit their requirements before reeling them in.
A sales team member tasked with generating leads and convincing consumers to buy is known as an order getter. These salespeople look for new clients, make contact with potential leads, and employ various persuasion strategies to persuade prospects to purchase things.
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As the recession of the early 2000s wound down in the last quarter of 2001, gdp growth was slow at first because?
a. consumer savings also decreased.
b. inventories, which had built up during the recession, decreased.
c. tax rates increased.
d. inventories of consumer goods increased.
B. During the recession, inventories had grown, which had led to a decrease.
In an effort to shield the economy from an overvalued stock market, the Federal Reserve increased interest rates repeatedly between 2000 and 2001.
Using the stock market as an informal benchmark, a recession would have begun in March 2000, when the NASDAQ plummeted following the dot-com bubble's demise.
In the 2000s, the country experienced a weak job market. According to the EPI, employment only increased by 0.6% during this time, which was insufficient to keep up with the population's growth. Accordingly, there were 1.5 million additional jobless laborers toward the finish of the business cycle than toward the start.
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the city of riverside levied property taxes in the amount of $20,000,000. the taxes were levied july 1, 2019 for the fiscal year ended june 30, 2020. during the year ended june 30, 2020, $17,800,000 in property taxes were collected from this levy. it is estimated that $940,000 will be collected during the next 60 days, $1,050,000 will be collected more than 60 days after june 30, 2020, and $210,000 will never be collected. when preparing the general fund financial statements, how much property tax revenue should be recognized from this levy for the year ended june 30, 2020? a. $18,550,000. b. $18,740,000. c. $19,790,000. d. $20,000,000.
The property tax revenue be recognized from the levy for the year ended june 30,2020 is $ 18,740,000.
Tax revenue :Tax revenue is defined as the earnings collected from levies on revenue and gains, social security benefactions, taxes levied on goods and services, payroll taxes, levies on the proprietorship and transfer of property, and different taxes.The maturity of this revenue is used to pay for government conditioning( employee payments, structure conservation), as well as to pay for goods and services handed to United States citizens and enterprises.
Simplifying the tax revenue :Revenue recognised in year ended june 2020 = Amount already collected + Receivable in next 2 months (or 60 days)
= 17,800,000 + 940,000
= 18,740,000
The property tax revenue be recognized from his levy for the year ended june 30 , 2020 is $ 18,740,000.
Why is tax revenue significant?
Taxes are the immediate source of revenue for utmost governments. Among other effects, this money is expended to enhance and conserve public structure, involving the roads we travel on, and fund public services, similar as schools, crisis services, and well-being programs.
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Consider a company that manufactures automobiles. Which of the following costs would be considered a direct cost?
1. Salary of production supervisor
2. Wages of factory maintenance worker
3. Salary of the accounting manager
4. Wages of assembly line workers
The wages of assembly line workers are the correct answer.
Salaried staff is sometimes paid a similar quantity each pay period, supported by their total wages. Associate in Nursing hourly worker, on the opposite hand, earns a group payment for every hour they work. For example, if they earn $20 per hour and work eight hours during a day, they'd earn $160 for that day (before taxes).
Salary and wages are each accustomed visits the cash paid to somebody often for the work they do. skilled individuals corresponding to academics are usually paid a salary. Their salary is the total amount of cash that they're paid each year, though this is paid in twelve parts, one every month. Wages include, however, don't seem to be restricted to Salaries, hourly pay, piece rate, or payments by the job. Commissions and bonuses.Overtime and vacation pay.
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nonprice changes in consumption, investment, government spending, or net exports: multiple choice do not affect aggregate demand. decrease inflation and increase gdp. cause a movement along the aggregate demand curve. shift the aggregate demand curve.
Non price changes in consumption, investment, government spending, or net exports: shift the aggregate demand curve.
What is demand curve?The demand curve is a graphical representation of the relationship between the price of a good or service and the volume demanded for a given period of time. In a typical representation, the price will appear on the left perpendicular axis, the volume demanded on the vertical axis.
Why is the demand curve important?The demand curve can be an important tool when concerns make pricing opinions. This is because the demand wind can show the price point where the consumer responsiveness drops and which price point elicits the loftiest demand.
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the interest rate on debt is 9%, the required return on equity is 12%, the tax rate is 33.3%. the company is 1/3 debt financed. the unlevered cost of equity is:
The unlevered cost of equity will be 11.25%. Debt is financed in proportion of 1/3 i.e., 33.3% which means Equity is remaining financed of 66.7%
Calculating Unlevered Cost of Equity:-
Levered cost of equity = Unlevered cost of equity + [(Unlevered cost of equity - Cost of Debt)*(1- Tax Rate)*(Debt/Equity)]
12% = Unlevered cost of equity + [(Unlevered cost of equity - 9%)*(1-0.333)*(0.333/0.667)]
12% = Unlevered cost of equity + [(Unlevered cost of equity - 9%)*0.333
12% = Unlevered cost of equity + 0.333*Unlevered cost of equity - 2.997%
14.997% = 1.333*Unlevered cost of equity
Unlevered cost of equity = 11.25%
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to avoid errors in writing, what precautions should be taken with every business communication?
To avoid errors in writing, the precautions that should be taken with every business communication are pay particular attention to the spelling of people's names and titles, watch for auto-correct errors.
In a business communication or document, highly measured precautions are to be taken when a contract or any other document is being made because a little fault can lead to a diverse loss in the business.
One should always ensure that the name of every party in business communication is written correctly. Double-check the spelling of every name that is involved in business communication.
Also, for online documents, one always has to recheck the document twice due to auto-correct errors.
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question content area the amount of federal income taxes withheld from an employee's gross pay is recorded as a(n) a.asset b.liability c.payroll expense d.contra account
The amount of federal income taxes withheld from an employee's gross pay is recorded as a liability (option b).
What is federal income tax?The federal income tax is a tax levied by the United States government on the annual earnings of individuals and corporations. The income tax is imposed on both earned income (wages, salaries, tips, commissions) and unearned income (interest, dividends, and capital gains). The federal income tax is progressive, meaning that taxpayers with higher incomes pay higher tax rates than taxpayers with lower incomes. The tax rate for each income bracket is set by Congress and can be changed at any time.
The liability in this case is the tax liability, and it is described as the money in the form of tax that is owed by the tax authorities. Furthermore, it is also described as the money that is deposited as tax to the government authority.
It can be concluded that the amount of federal income taxes withheld from an employee's gross pay is recorded as a liability (option b).
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patrick recommends that julia implement culture change by utilizing which of the following?
a. rites
b. symbols
c. ceremonies
d. formal statements
Patrick recommends that Julia implement culture change by utilizing formal statements.
Culture is a general term that encompasses the knowledge, beliefs, arts, laws, customs, skills, and habits of these groups as well as the social behaviors, institutions, and norms of human society.
Cultures often originate from or are attributed to a particular region or place. Culture can be defined as any way of life, including the arts, beliefs, and population institutions passed down from generation to generation. Theculture has been described as "a way of life for the whole society". Thus, it includes codes of conduct, dress, language, religion, ceremonies, and art.Learn more about the culture here: https://brainly.com/question/25010777
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the economy will be producing along the long run aggregate supply when . a.) there is zero unemployment b.) there is an underutilization of resources c.) all resources are being used to their optimal level d.) prices will affect output by producers
The correct option c.) all resources are being used to their optimal level, for the economy will produce along with the long-term total supply.
Define the term long run aggregate supply?The term "long run aggregate supply" (LRAS) describes to the output in which an is able to produce when all of its productive factors are utilized,
and as a result, when it is at full employment. The output is unaffected by modifications in the cost level over the long term, according to the graph of the relationship.a long-run is any variable amount of time that is long enough for nominal wages and many other input prices to vary in reaction to a variation in the price level. This instead refers to the period of time it takes for all prices to completely change.Increased aggregate demand cannot, in the long run and assuming all factors are employed, lead to additional output; rather, it has an impact on the price level as opposed to actual output.Thus, once all resources are already being exploited to their full potential, the economy will just be generating along the long-term aggregate supply.
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which item may a customer reuse at a self-service area
you may re-serve only unopened, prepackaged food in good condition.
What item may Customer reuse at a self serve area?In general, you may only re-serve food that has not been opened and is still in acceptable condition.Bottles of ketchup, mustard, and other condiments may also be used again.Sneeze guards should extend 14" above the counter and 7" beyond the food.Post self-serve guidelines like "Do not reuse dishes and utensils" on the wall.Only unopened prepackaged food can typically be re-served.This contains bottles of ketchup and mustard, wrapped crackers or breadsticks, and condiment packets.When customers serve themselves, there is a risk of cross-contamination.They may do this by using previously used, dirty utensils or refilling soiled plates.They may also put their heads under the sneeze guard while reaching for food or pick it up with their bare hands.Contamination must be prevented in self-service areas.To learn more about self-service areas. refer,
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bert reed owns a junior secured bond of a firm that has entered bankruptcy proceedings. mia tano owns a senior unsecured bond of the same firm. as a result of the bankruptcy, reed and tano each recover 80% of the interest and principal owed on their bonds. this outcome is least likely the result of:
The pari passu ranking of these creditors.
Secured creditors have priority of claims over unsecured creditors in a bankruptcy, rather than ranking pari passu with unsecured creditors.
A secured creditor is a creditor who has a security interest in some or all of the debtor's assets.
What's the distinction between a secured and an unsecured creditor?
The secured creditor has first priority in collecting debts from the property on which it has a lien. The unsecured creditor receives no such protection; voluntary repayment from the debtor is the best method of repayment.
However, claim priority may not always be followed, either because creditors have agreed to a different outcome or because a bankruptcy court has ordered one.
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natalie's company has its headquarters in chicago and three areas of the world -- the far east, latin america, and europe. her company is an example of the blank area structure. multiple choice question. local worldwide product localization
It expands our economic research using better data and provides fresh perspectives on how businesses and nations interact in the web of flows.
It made sense for Meredith to organize the firm into three divisions when she first started her company.It made sense for Meredith to structure her business into three divisions when she first started it: manufacturing, marketing, and transportation. She believes it will be preferable to reorganize the company now that it has expanded so that each division is in charge of a separate line of business.
What three resources may a business utilize to attain economies of scale?purchasing (buying in bulk through long-term contracts), managerial (specializing managers), financial (obtaining lower interest rates when borrowing from banks and having access to a wider choice of financial instruments), and marketing (spreading) are common sources of economies of scale.
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Your business paid $10,000 for a one year retainer to a law firm. How much should be expensed via worksheet adjustments each month?.
The business must spend $833.33 through the worksheet adjustments each month.
What are the worksheet adjustments each month?Worksheet adjustments are changes made to accounting to correct errors, incomplete information, or inconsistencies in a business. These adjustments may include adjustments to assets, liabilities, equity, income and expenses.
Adjustments are made in the worksheet to ensure that the financial statements accurately reflect the financial situation of the business. Adjustments are made at the beginning of the month to ensure that the information on the worksheet is correct.
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Using a loan could help with the purchase of which of the following?a) A new televisionb) A dream weddingc) A housed) Airline tickets to your dream vacation
Using a personal loan could help with the purchase of A house .Option C is correct .
What does the term "personal loan" mean?
When someone borrows money for a personal need, such as investing in a business, it is referred to as a personal loan (also known as a consumer loan).
What is an example of a personal loan?
A personal loan is a sum of money that you can borrow and use for a number of things. For instance, you may utilize a personal loan to pay off debt, finance home improvements, or finance your ideal wedding. Online lenders, credit unions, and banks can all provide personal loans.Learn more about personal loan
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how does tax increase cost of production?
Answer:
Tax incidence is the effect a particular tax has on the two parties of a transaction; the producer that makes the good and the consumer that buys it. The burden of the tax is not dependent on whether the state collects the revenue from the producer or consumer, but on the price elasticity of supply and the price elasticity of demand. To understand how elasticities influence tax incidence, it is important to consider the two extreme scenarios and how the tax burden is distributed between the two parties.
Answer:
As with the specific tax, the tax raises production costs, but the amount of tax varies with price level.
Explanation:
determining what items or products you need is the first step in purchasing. this is called a purchasing .
Identification of the need is the first step for purchasing process.
Is a buying situation in which the customer purchases a product or service for the first time?Modified rebuy: A business shopping for scenario in which the buyer needs to alter product specifications, prices, terms, or suppliers. New task: A enterprise shopping for situation in which the consumer purchases a product or carrier for the first time.
What are the 3 buying process?It is the journey or shopping for manner that customers go through to grow to be conscious of, evaluate, and buy a new product or service, and it consists of three degrees that make up the inbound advertising framework: awareness, consideration, and decision.
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https://brainly.com/question/1489991#SPJ4i. aligning risk appetite and strategy ii. enhancing risk response decisions iii. reducing operational surprises and losses iv. identifying and managing multiple and cross-enterprise risks the above are all key components of:
Aligning risk appetite, enhancing risk response, reducing operational losses, and identifying multiple cross-enterprise risks are key components of Enterprise risk management (ERM).
Enterprise risk management is a firm-wide strategy helping in assessing and controlling hazardous risk with a company's finances, operations, and objectives. It advises managers to shape the whole firm as risk resistant by encouraging certain activities favoring in firm's goals and disengaging from risk factor activities. This management is working for all units of a firm making the risk plan of action from top officials to local assessment on the ground which requires coordination between different units along with aligning risk strategy, reducing operational surprises, and managing cross-enterprise risk harming the firm.
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From the mid-1950s until the early 1970s, organizations managed their data in a _________; this created ________.
From the mid-1950s until the early 1970s, organizations managed their data in a file management environment this created information silos.
Is a data warehouse an example of a source system?
Transaction processing applications are typically the source systems for a data warehouse. An order entry system, for instance, might be one of the source systems for a sales analysis data warehouse because it keeps track of all of the current order activities.
Which three kinds of data warehousing are there?
Enterprise data warehouse (EDW), operational data store (ODS), and data mart are the three main types of data warehouses.
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opening story - in addi on to popula on growth, economic development is increasing resource consump on in china. which do you think plays a bigger role in achieving sustainability: popula on growth or economic development?
Affluence (in the form of economic progress) is not necessarily advantageous to environmental sustainability, as was mentioned in the Opening Story. However, resource use is directly impacted by population expansion, which has detrimental effects on the ecosystem. Thus, ensuring sustainability depends more on economic development.
What is Economic Development?Programs, policies, or initiatives aimed at enhancing a community's economic health and quality of life are known as economic development initiatives. Your definition of "economic development" will vary depending on the neighborhood you are in. There are opportunities, problems, and unique to each community.
The word "economic development" is frequently linked to ideas like industrialization and modernization, whose fundamental principles include advancement.
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woodbine millworks is frustrated with the lobbyists who are currently trying to influence congress to raise taxes for all corporations in the wood products industry. in the environment of woodbine millworks, these lobbyists are an example of
in the environment of woodbine millworks, these lobbyists are an example of uncontrollable forces
The details that have an impact on the product but that a corporation is powerless to change are the uncontrollable risk factors. These factors include the environment, rival decisions, and even the weather.
The external factors affecting an organization's performance that are out of its and its marketers' complete control are known as uncontrollable factors. Any marketing strategy must constantly monitor them and take into account their results.
These include, for example, the changing requirements and preferences of consumers (social), technological advancements, the implementation of new regulations by the government (regulatory), the state of the economy (economic), and the entry of a rival into the market (competition).
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