Explanation:
McCoy may have a legal remedy against the Old Fort Trading Post depending on the specific facts of the case and the applicable state law. In some jurisdictions, a seller may be liable for selling stolen property, even if the seller was unaware that the property was stolen. In such jurisdictions, McCoy may be able to sue the Old Fort Trading Post for the return of his $1,000. Additionally, in some jurisdictions, even if the seller was not aware that the property was stolen, McCoy may be able to sue the Old Fort Trading Post for breach of contract, depending on the language of the sale agreement. Finally, in some jurisdictions, even if McCoy is not able to sue the Old Fort Trading Post in a court of law, he may be able to pursue a claim against the business through a consumer protection agency. In order to determine what remedies he may have against the Old Fort Trading Post, McCoy should consult an attorney in the state where the transaction took place. An attorney can advise him of the specific laws that apply to his situation and provide him with guidance on the best course of action.
Match these 30 POINT plus brainliest
Business Fluctuations
Consumption
Economic growth
Economies of scale
Free Rider
Government Purchases
Human Capital
Institutions
Investment
Physical capital
Price Ceiling
Price Floor
Recession
Rent Control
Speculation
Technological knowledge
A. The city of Phoenix informed me that the maximum rate I am allowed to lease my
condo at is $750 a month.
B. In 2008 oil prices were increasing, my husband and other recent graduates
couldn't find a job, as well as the overall economy was hurting.
C. Sam believes that there is a zombie apocalypse coming. He is investing in rice and
other storable food to sell and trader when times are rough.
D. Everyone needs high speed internet so the price is set to be no more than $25 a
month.
E. John took credit on the group project, even though he didn't contribute.
F. It is common knowledge farms can produce more crops when the proper fertilizer
is applied.
G. As oil prices increase we will most likely see a downward trend in GDP, when oil
prices decrease we typically see an increase in GDP.
H. Sorting people's recycled goods is gross work so they can't be paid less than $20
an hour.
1.
Our 3 branches of government
J. The benefit I can receive from attending a teaching conference.
K. The salaries Redstone Arsenal
L. In order to run a metal casting company you need high temperature ovens,
computers to create designs, and molds for holding the designs.
M. The US economy grew by 3.6% from 2018 to 2019.
N. I enjoy spending money on nail services and new clothes for my boys.
O. Jamie purchased a new cricket machine for designing t-shirts to sell.
P. Riding the train is a great method of transportation in a large city.
Answer:
Free Rider - E
Rent Control - A
Recession - B
Economic Growth - M
Consumption - I?
Investment - O
Price Ceiling - D
Business Fluctuations - G
Technological Knowledge - L
Price Floor - H
Human Capital - F
Speculation - C
Please feel free to let me know if i forgot any of the words!
Liquidity management Bauman Company’s total current assets, total current liabil-
ities, and inventory for each of the past 4 years follow:
LG 3
Item 2009 2010 2011 2012
Total current assets $16,950 $21,900 $22,500 $27,000
Total current liabilities 9,000 12,600 12,600 17,400
Inventory 6,000 6,900 6,900 7,200
Inventory turnover 2009 2010 2011 2012
Bauman Company 6.3 6.8 7.0 6.4
Industry average 10.6 11.2 10.8 11.0
a. Calculate the firm’s current and quick ratios for each year. Compare the resulting
time series for these measures of liquidity.
b. Comment on the firm’s liquidity over the 2009–2010 period.
c. If you were told that Bauman Company’s inventory turnover for each year in the
2009–2012 period and the industry averages were as follows, would this infor-
mation support or conflict with your evaluation in part b? Why?
Answer:
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Summary of Strategic Management southern African concepts and case fourth edition, chapters 1 to 4
Answer:
Strategic Management Southern African Concepts and Case fourth edition provides readers with a comprehensive overview of the principles and practices of strategic management. The book is divided into four chapters that cover the essential topics in strategic management, including the nature of strategic management, strategic analysis, strategic choice, and strategy implementation.
Chapter one provides an overview of strategic management and discusses its importance in the contemporary business environment. The chapter also examines the evolution of strategic management, the various approaches to strategic management, and the role of strategic management in creating a sustainable competitive advantage.
Chapter two focuses on strategic analysis, which is a critical component of the strategic management process. The chapter discusses the importance of environmental analysis, industry analysis, and internal analysis in formulating a successful strategy.
Chapter three explores strategic choice, which involves selecting the most appropriate strategy for an organization based on the outcomes of the strategic analysis. The chapter examines the different levels of strategy, including corporate, business, and functional strategies.
Chapter four focuses on strategy implementation, which involves translating the chosen strategy into action. The chapter discusses the various components of strategy implementation, including organizational structure, leadership, culture, and control systems.
Throughout the book, the authors provide numerous case studies that illustrate the principles and practices of strategic management. The case studies are drawn from a range of industries, including manufacturing, telecommunications, banking, and healthcare, among others. The book also includes learning objectives, review questions, and a glossary of key terms, making it an invaluable resource for students, educators, and practitioners alike.
Explanation:
What is an example of a digital asset? O A. A store coupon OB. A hotel reservation OC. Airline frequent flier miles OD. A check
Answer: A check because the money you withdraw or deposit is transferred through the online world, making it an online asset.
why studying business low is so important?
It is important to study business law because it helps you spot potential legal issues as they come up, make better decisions, and know when to seek legal help.
If you are not aware of these laws you could be putting your staff at risk, violating employment laws and failing to ensure your premises are safe for customers.
What does the phrase "business law" mean?The formal procedure for making a company organization and the rules managing the sale of corporate entities are governed by business law. Moreover, it has rights delegation, contract drafting, task delegation, breach of contract, transactions, contracts, and sanctions for contract violations.
What is it , and what does it serve?When it comes to businesses and their dealings with people, organizations, and other enterprises, the goals and functions of business law include making order, defending rights and freedoms, creating standards, and settling conflicts.
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What is the most important factor a person should consider when creating a
payment plan and deciding which debts to pay first?
OA. Types of loans
OB. Automatic payments
OC. Credit scores
OD. Interest rates
Answer:
The most important factor a person should consider when creating a payment plan and deciding which debts to pay first is the interest rates on the loans. Therefore, the correct option is OD.
It is generally recommended to prioritize paying off the loans with the highest interest rates first, as these loans will accrue more interest over time and cost more in the long run. By paying off high-interest loans first, a person can save money on interest and potentially pay off all of their debts faster.
E8-6 (Static) Recording Depreciation and Repairs (Straight-Line Depreciation) LO8-2, 8-3
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[The following information applies to the questions displayed below.]
Manrow Growers, Incorporated, owns equipment for sowing and harvesting its organic fruit, vegetables, and tree nuts that are sold to local restaurants and grocery stores. At the beginning of this year, an asset account for the company showed the following balances:
Equipment $ 350,000
Accumulated depreciation through the end of last year 165,000
During the current year, the following expenditures were incurred for the equipment:
Major overhaul of the equipment on January 1 of the current year that improved efficiency $ 42,000
Routine maintenance and repairs on the equipment 5,000
The equipment is being depreciated on a straight-line basis over an estimated life of eight years with a $20,000 estimated residual value. The annual accounting period ends on December 31.
1. Record the expenditure for the major overhaul of the equipment.
(debit and Credit)
2. Record the expenditure for routine maintenance and repairs on the equipment.
(debit and credit)
3. Starting at the beginning of the current year, what is the remaining estimated life?
Remaining "X" life
Answer:
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Why is it important to find the lowest interest rate you can when taking out a loan?
A.
A slightly lower rate could mean that you have more fees to repay over time.
B.
A slightly lower rate could mean that the government or bank gives you less time to repay.
C.
A slightly lower rate could mean that the government or bank gives you more time to repay.
D.
A slightly lower rate could mean that you pay back far less money over the life of the loan.
Option D. Finding the lowest interest rate when taking out a loan is important because it could mean that you pay back far less money over the life of the loan.
The interest rate is the cost of borrowing money and is typically expressed as a percentage of the loan amount. The lower the interest rate, the less you will pay in interest over time. This can result in significant savings, especially for larger loans or loans with longer repayment terms. For example, on a 30-year mortgage, a difference of just a few percentage points in the interest rate could result in tens of thousands of dollars in savings over the life of the loan. It is therefore crucial to shop around and compare rates from multiple lenders to find the best deal and minimize the amount of money you ultimately pay back.
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If 32 oz of cheese if $9.98 how much would 4 oz of that cheese be
If the cost of 32 oz of cheese is $9.98, 4 oz would cost $1.25 (rounded to the nearest cent).
What transpires if the market has an excess of wheat?So there would be a surplus since there would be more supply than demand. The oversupply of wheat would activate market forces. In order to sell more wheat, wheat farmers would cut the price.
Would the supply be affected if the price of wheat changed?The demand for wheat will rise as the price of wheat declines. When the demand curve shifts, there is an increase in demand. At the new equilibrium price, more wheat will be traded, increasing the amount demanded.
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CWB Inc. produces stuffed bunnies. The company normally produces and sells 78,000 stuffed bunnies each year at a selling price of $50 per unit. The company's unit costs at this level of activity are given below:
Direct materials $9.30
Direct labor 8.00
Variable manufacturing overhead 2.00
Fixed manufacturing overhead 6.00 ($468,000 total)
Variable selling expenses 1.50
Fixed selling expenses 6.00 ($468,000 total)
Total cost per unit $32.80
An outside manufacturer has offered to produce stuffed bunnies and ship them directly to CWB's customers. If CWB Inc. accepts this offer, the facilities that it uses to produce stuffed bunnies would be idle; however, fixed manufacturing overhead costs would be reduced by 30%. Because the outside manufacturer would pay for all shipping costs, the variable selling expenses would be only three-fourth of their present amount. What is the maximum price per unit quoted by the outside manufacturer that CWB Inc. is willing to accept? (Round your
answer to 2 decimal places.)
If the company were willing to increase its fixed selling expenses by $139,000, it could increase its annual sales by 20% above the current 78,000 units.
How much does a unit cost?The term "cost per unit" encompasses both the variable and fixed costs of producing and delivering a single unit of any product to a final consumer. Keeping track of your cost of goods sold provides context for pricing and ensures profit generation. Cost per unit provides insight into the costs associated with producing a single item, receiving new inventory, storing it, fulfilling it, and shipping it. By separating the expense per unit, you can distinguish shortcomings that are driving up costs, thusly lessening overall revenues.
A low cost per unit is a sign of efficient production and logistics, which guarantees profit per sale. Obviously, quality assumes a part, as better or premium merchandise regularly cost more to create than less solid or less expensive materials.
If the company were willing to increase its fixed selling expenses by $139,000, it could increase its annual sales by 20% above the current 78,000 units.
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Some states and localities are drafting legislation to reduce the number of payday loans that a lender can provide to an individual within a year. What might the new graph look like if those changes are implemented on a large scale across many states?
Answer:
Without additional information about the specific details of the legislation and its impact on the demand for payday loans, it is difficult to accurately predict what the new graph might look like. However, we can make some general assumptions based on the principle of supply and demand.
If the legislation reduces the number of payday loans that a lender can provide to an individual within a year, the supply of payday loans will decrease. This will likely result in an increase in the cost of payday loans, as lenders will want to make up for the lost revenue from providing fewer loans. This increase in cost may cause some borrowers to seek alternative sources of credit, such as personal loans or credit cards, which could further reduce the demand for payday loans.
As the demand for payday loans decreases, the graph will shift to the left, reflecting the decrease in quantity demanded. The shift will depend on the extent of the legislation and its impact on the market. If the legislation is implemented on a large scale across many states, the shift may be significant and could result in a major change to the payday loan industry. However, if the legislation is only implemented in a few states, the impact may be minimal and the graph may not change significantly.
do you think legal sanction is fair and effective in business?
No, legal sanctions are not effective and fair in business. While supporters contend that sanctions have become more effective in recent years and continue to be an essential tool for foreign policy .
What Are Economic Sanctions?Economic sanctions have become the tool of choice for many policymakers to respond to major geopolitical issues like terrorism and conflict.
The removal of customary financial and trade ties for the purpose of foreign and security policy is known as economic sanctions. The U.S. embargo on Cuba, which has been in place for a very long time, is an example of a comprehensive type of sanctions. On the other hand, sanctions can be targeted and prevent transactions with specific businesses, organizations, or individuals.
critics claim that they are frequently poorly designed and rarely succeed in changing a target's behavior.
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What is the purpose of a report?
Answer:
A. To display data returned from a query in a specially formatted way.
Sam Tuckerton sells for Fair Designs, Inc. He is on a 4.5% straight commission with a $1,800 drawing account. If he is paid the draw at the beginning of the month and then sells $125,000 during the month, how much commission is owed to Sam?
Sam has made more commission than the amount of the drawing account, as seen by the negative amount owed. As a result, he is owed $5,625—the total amount of his commission.
What does commission cost in dollars?A commission is the quantity paid to an employee for accomplishing a task, which is typically selling a specific volume of goods or services, according to the U.S. Department of Labor. In addition to or in substitute of a standard pay, commission may be paid.
What does business commission mean?A sales commission is a payment made to an employee after they successfully complete a task, typically selling a predetermined volume of goods or services. Sales commissions are a common incentive used by employers to boost employee productivity.
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The first thing you need to do to get intentional about your future is...
Consider the cost of education
Dream of the possibilities
Build your resumé
Determine your college ROI
The first thing you need to do to get intentional about your future is to determine your college ROI.
What is ROI?ROI (Return On Investment) is a measure of the profitability of an investment, expressed as a ratio or percentage of the amount of money returned on the investment compared to the amount of money originally invested. It is a key indicator of how well an investment has performed, and is calculated by dividing the total gains from an investment by the total amount of money invested. ROI is commonly used to compare different investments, as it provides a more accurate measure of the profitability of an investment than the initial cost of the investment. ROI is an important factor to consider when making an investment decision.
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YO IK ITS WEIRD TO ASK ON HERE BUT DOES ANYONE KNOW HOW TO FIND A THAT GOES TO THE SAME SCHOOL AS I DO. LIKE HOW DO I FIND THEM ON CAMPUS?!
Answer:
Well, if you see that they are college level you can ask what college they go to. there's really no other way.
Explanation:
New techniques in the production of computers make it possible to produce them at a lower cost. What do you think would happen in the market for computers?
a. the demand curve will shift to the left
b. the supply curve will shift to the left
c. the demand curve will shift to the right
d. the supply curve will shift to the right
The use of new technique to produce computers at a lower cost will affect the market for computers in that the supply curve will shift to the right. (Option D).
Why will the Supply Curve Shift to the Right?If the cost of producing computers decreases due to new techniques, it would lower the marginal cost of producing each unit. This means that suppliers can now offer computers at a lower price while still maintaining their profit margin. As a result, we can expect that the supply curve will shift to the right (option d) in response to this development.
The increased supply of computers at a lower price is likely to stimulate demand for them, which could lead to an increase in the quantity demanded. Hence, we can also expect the demand curve to shift to the right, but the degree of the shift will depend on the price elasticity of demand for computers.
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Stylon Co., a women's clothing store, purchased $26,000 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30, using the net method under a perpetual inventory system. Stylon returned merchandise with an invoice amount of $4,200, receiving a credit memo.
The date, the amount to be credited as well as debited, a short description of the transaction, and the accounts impacted are all included in each journal entry along with other information pertinent to a single business transaction.
What is in a journal entry?Any exchange, whether or not it is an economic one, can be recorded as a diary entry. An accounting journal that displays the debit and credit balances of a business lists transactions. Multiple recordings, each of which is whether its a debit or a credit, may be included in the diary entry.
Business transactions are initially entered into a journal in manual accounting or bookkeeping methods. the name "notebook entry" was born. Depending on the business, it may identify affected divisions, tax details as well as other information.
Journal entries are attached below:
c). Accounts payable = $25,480 - $4,312
= $21,168
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Rest of the question is,
a. Journalize Stylon’s entry to record the purchase. If an amount box does not require an entry, leave it blank.
b. Journalize Stylon’s entry to record the merchandise return. If an amount box does not require an entry, leave it blank.
c. Journalize Stylon’s entry to record the payment within the discount period of 10 days. If an amount box does not require an entry, leave it blank.
d. Journalize Stylon’s entry to record the payment beyond the discount period of 10 days. If an amount box does not require an entry, leave it blank.
HELP NEED TO BE DONE FAST
Answer:
1. Company:Apple
The brand promise of Apple is to provide cutting-edge, usable technological products that improve people's lives. Apple does this through emphasising design, quality, and usability as well as the development of an ecosystem of connected devices and services.Apple also reinforces its brand promise and forges an emotional bond with its customers through its advertising campaigns and physical locations.
2.Company type: Natural medicines and organic supplements are sold by a health and wellness firm.
a. A variety of natural cures and supplements, including vitamins, herbs, and goods for alternative medicine would be sold by the firm.
b. Target client categories might be categorised according to their lifestyle choices and health requirements. For instance, one group would be those seeking immune system support vitamins, while another might be those seeking natural treatments for stress and anxiety.
c. The company may choose to differentiate between these two groups of clients by making tailored advice and offers based on their individual health requirements and concerns. For instance, the business may give the first group a discount on immune-boosting vitamins and the second group a discount on items that reduce stress. This strategy would demonstrate the company's commitment to offering individualised solutions and concern for its clients' specific health issues.
d. If the company discriminates against consumers based on their health issues, gender, age, or other variables, the sort of channel management mentioned above might possibly result in unjust treatment of some groups.
3. a. When determining how much inventory to keep on hand of a specific item, factors to take into account include past sales data, consumer demand trends, seasonality, and supplier availability.
b. If I owned a supermarket or clothes business, I would choose the Just-in-Time (JIT) purchasing strategy. When you just-in-time (JIT) buy inventory, you just buy what you need and pay less for extra inventory and storage space.
c. The ABC inventory system, which classifies items based on their worth and consumption rate, is one inventory control strategy that I would want to utilise.
d. Organic tea and honey are an example of two goods that might be mixed in a retail display. Several types of tea and honey, as well as informational materials on the health advantages of ingesting them together, might be on show.
4. The height and placement of the desk and chair, the location of the computer monitor and keyboard, the lighting and glare in the workspace, the distance between the employee and their equipment, the amount of physical effort needed to perform tasks
what belongs in a reference field when completing a deposti
A reference field is a short description providing a receipt or invoice number for records.
Define an invoice number.An invoice that contains a list of products or services provided to a customer for payment. The seller or supplier will issue an invoice towards the end of the transaction after the product has been delivered or the service has been rendered. The invoice contains the previously agreed price to be paid by the buyer after completing the order.
As your business grows, you, the business owner, will be sending a lot of messages. This is a good question, but difficult to track. This is where the invoice number comes into play. Set up an invoice number assignment system and maintain a consistent invoice number format. These handy numbers make it much easier for small business owners to manage each billing cycle, avoid double payments, get paid faster, and get through the other side of tax audits unscathed. Become.
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The complete question is as follows:
What belongs in a reference field when completing a deposit?
HELP ASAP :(
The post-purchase evaluation gives consumers a chance to
compare products from different manufacturers.
make better decisions in the future.
show off their purchase on social media.
decide when and where to make the purchase.
Option B. The post-purchase evaluation gives consumers a chance to make better decisions in the future.
What is the Post-purchase evaluation?Post-purchase evaluation is the process of assessing one's satisfaction or dissatisfaction with a product or service after purchase. This evaluation helps consumers to reflect on their purchase decisions and determine whether they made the right choice or not.
By evaluating their experience, consumers can learn from their mistakes and make better decisions in the future, which can lead to more informed and satisfactory purchases. Comparing products, showing off purchases on social media, and deciding when and where to make purchases are not necessarily part of the post-purchase evaluation process, although they may be related.
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Question 1 (5 marks) Maximum word count: 100 words 4 Due to an increased advertising effort about the positive effect of activated charcoal in beauty products, consumers in South Africa are eage to buy beauty products that contain this ingredient. Explain how this will affect the market for activated charcoal. You are allowed to use a diagram to explain your answer, but you will only be allocated marks for the correct verbal explanation.
The answer is, The market for activated charcoal will expand as a result of increased demand for beauty products containing this ingredient, leading to higher prices and greater quantities supplied.
The reasons for this to happen are-
The market for activated charcoal will change as a result of the rise in demand for cosmetics incorporating activated charcoal in South Africa.The demand curve for activated charcoal will change to the right, indicating a rise in demand across the board.Also, Between 2022 and 2028, the market for global charcoal beauty products is predicted to grow significantly. The market is estimated to increase during the anticipated time frame in 2021 because major companies are adopting strategies at an increasing rate.The result for this increased demand would be-Customers will be increasingly inclined to pay more for these goods as they become more aware of the advantages of activated charcoal in beauty products.
To satisfy the greater level of demand, producers will raise their output of activated charcoal in response to the rise in demand.
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1.2. Give the word/term for the following: 1.2.1. People in different countries have different needs and wants with limited resources to satisfy their needs. 1.2.2. Producing too much of a specific commodity. 1.2.3. The most extreme form of a planned economic system. 1.2.4. A model that describes the movement of money, goods and services and factors of production in the economy and between participants. 1.2.5. Market for goods and services.
Answer:
1.2.1. Scarcity
1.2.2. Overproduction
1.2.3. Command economy
1.2.4. Circular flow model
1.2.5. Product market
Explanation:
The McMillan Corporation incorporated on September 2, 2011. The company engaged in the following transactions during its first month of operations:
Sept. 2 Issued capital stock in exchange for $900,000 cash.
Sept. 4 Purchased land and a building for $350,000. The value of the land was $50,000, and
the value of the building was $300,000. The company paid $200,000 cash and issued a note payable for the balance.
Sept. 12 Purchased office supplies for $600 on account. The supplies will last for several
months.
Sept. 19 Billed clients $75,000 on account.
Sept. 29 Recorded and paid salary expense of $24,000.
Sept. 30 Received $30,000 from clients billed on September 19.
A partial list of the account titles used by the company includes:
Cash
Accounts Receivable
Office Supplies
Land
Building
Notes Payable
Accounts Payable
Capital Stock
Client Revenue
Salary Expense
a.
Prepare journal entries, including explanations, for the above transactions.
b.
Post each entry to the appropriate ledger accounts (use the T account format illustrated in
Exhibit 3-8 on page 108).
c.
Prepare a trial balance dated September 30, 201 1
The general journal for McMillan Corporation is given below(check images).
The total debit is $1,179,600 and the total credit is $1,179,600
What is a General Journal?A General Journal, also known as a Journal or Journal Entry, is a chronological record of all financial transactions made by a business. It is the primary bookkeeping record where all financial transactions are recorded in chronological order, regardless of the account affected or the amount of money involved.
The General Journal records all types of financial transactions, including the ones that do not fit into any of the specialized journals such as the Sales Journal, Purchase Journal, or Cash Receipts Journal. Examples of transactions that are recorded in the General Journal include the purchase of a fixed asset, adjusting entries, and accruals.
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Periodic inventory by three methods; cost of goods sold
The units of an item available for sale during the year were as follows:
Jan. 1 Inventory 50 units at $94
Mar. 10 Purchase 50 units at $104
Aug. 30 Purchase 30 units at $112
Dec. 12 Purchase 70 units at $116
There are 80 units of the item in the physical inventory at December 31. The periodic inventory system is used.
Cost of Ending Inventory and Cost of Goods Sold
Inventory Method Ending Inventory Cost of Goods Sold
FIFO $ $
LIFO
Weighted avg cost
Inventory Method Ending Inventory Cost of Goods Sold FIFO $9,280 $12,860, LIFO $8,320 $12,860, Weighted Avg Cost $8,552 $21,380.
How to calculate the cost of ending inventory?To calculate the cost of ending inventory and cost of goods sold using periodic inventory system under FIFO, LIFO and weighted average cost methods, we need to determine the cost of each unit of the item, which can be calculated as follows.
Jan. 1 Inventory: 50 units at $94 = $4,700
Mar. 10 Purchase: 50 units at $104 = $5,200
Aug. 30 Purchase: 30 units at $112 = $3,360
Dec. 12 Purchase: 70 units at $116 = $8,120
Total cost of units available for sale = $4,700 + $5,200 + $3,360 + $8,120 = $21,380
Total units available for sale = 50 + 50 + 30 + 70 = 200
Weighted average cost per unit = Total cost of units available for sale / Total units available for sale
= $21,380 / 200 = $106.90
Using the above information, we can calculate the cost of ending inventory and cost of goods sold using the following methods:
FIFO (First-In, First-Out) Method:
The assumption is that the first units purchased are the first ones sold, so the ending inventory consists of the most recently purchased units.
Ending Inventory: 80 units x $116 = $9,280
Cost of Goods Sold: (50 x $94) + (30 x $112) + (20 x $116) = $12,860
LIFO (Last-In, First-Out) Method:
The assumption is that the last units purchased are the first ones sold, so the ending inventory consists of the oldest units.
Ending Inventory: 80 units x $104 = $8,320
Cost of Goods Sold: (50 x $116) + (30 x $112) + (20 x $104) = $12,860
Weighted Average Cost Method:
The assumption is that the cost of each unit sold and in ending inventory is the weighted average cost of all units available for sale.
Ending Inventory: 80 units x $106.90 = $8,552
Cost of Goods Sold: 200 units x $106.90 = $21,380
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MKT mix (4ps) marketing campaign idea of unilever,p&g,nestle
The 4 Ps of the marketing mix are product, price, place, and promotion
Explanation of the 4 PsProduct: The goods or services offered by a company.
Price: The amount of money charged for the product.
Place: The location where the product is sold.
Promotion: The methods used to communicate the benefits and value of the product to the target audience.
Here are some general marketing campaign ideas that these companies may use:
Unilever:
Promote eco-friendly and sustainable products to appeal to consumers who are concerned about the environment.
Use social media influencers to endorse their products and create buzz.
Launch seasonal products, such as limited-edition flavors, to keep customers interested.
Highlight their commitment to diversity and inclusion in their advertising campaigns.
P&G:
Use emotional storytelling to connect with customers on a deeper level.
Offer promotions and discounts to encourage repeat purchases.
Promote their commitment to social responsibility by supporting charitable causes.
Develop creative product packaging and displays to stand out on the shelves.
Nestle:
Use digital marketing to target younger consumers who are tech-savvy.
Offer interactive promotions, such as contests and giveaways, to engage customers.
Highlight the health benefits of their products to appeal to health-conscious consumers.
Use celebrity endorsements to increase brand awareness and credibility.
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What are the 4 Ps of the marketing mix
List out the marketing campaign ideas of Unilever, P&G and Nestle
Sanford bought two shirts for $24.95 each and a pair of pants for $39.95. He paid with a $100 bill. Assuming he paid no sales tax, how much did he receive?
Sanford spent $24.95 each on two shirts and $39.95 on a pair of slacks. He used a $100 bill as payment. Don't forget to convert percentages to decimals. $116 .
What does "percent" mean?If we need to calculate a percentage of a number, we should divide it by its entirety and then multiply it by 100. The proportion therefore refers to a component per hundred. Per 100 is what the word percent means. The letter "%" stands for it.
What do symbols mean?Symbols are used to communicate other thoughts and opinions and might take the shape of words, sounds, movements, ideas, or visual representations. A symbol can be almost anything, including an item, a mark, a image, a character, a word, or a location. Metaphor is a literary device.
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1. How would you define the attributes and benefits of Crayola® products?
2. Define the core, actual, and augmented product benefits.
3. Where was Crayola® in the Product Life Cycle before it entered the toy market? Where do you think they are now? Explain.
4. Do you see the move from school supply products to toys as product development? Explain.
5. Describe the Crayola® product portfolio strategy.
Answer:
1. The attributes of Crayola® products include qualities such as bright colors, smooth application, and non-toxic materials. The benefits of these attributes are that they allow for creative expression and artistic exploration, while also providing a safe and reliable product for children to use.
2. The core product benefit of Crayola® products is artistic expression and creativity. The actual product benefits include the variety of colors and types of products available, such as crayons, markers, and paints. The augmented product benefits may include features such as reusable storage containers, educational resources, and online tutorials.
3. Before entering the toy market, Crayola® was likely in the maturity stage of the product life cycle, as their core products (crayons, markers, and paints) had been established for many years and were widely used in schools and homes. It is difficult to speculate on their current position in the product life cycle without more information on their recent product development and marketing strategies.
4. The move from school supply products to toys can be seen as a form of product development, as it involves expanding the company's product offerings and entering a new market. However, the specifics of the product development process would depend on the nature of the toys being developed and the company's goals and strategies for entering the toy market.
5. Crayola®'s product portfolio strategy likely involves offering a range of products that appeal to different age groups and interests, while also maintaining a consistent brand identity and quality standards. This may involve developing new products and variations on existing products, as well as partnerships and collaborations with other brands and organizations. Again, it is difficult to provide specific information without access to current marketing and product development strategies.
Answer: here we go
Explanation:
1. The attributes of Crayola® products include bright colors, easy application, and safety for children. The benefits of the products are a tool for self-expression, creativity, and educational benefits.
2. The core product benefit of Crayola® products is a tool for self-expression and creativity. The actual product benefits are its bright colors, easy application, and safety features. The augmented product benefits are the educational benefits and the satisfaction of a quality product.
3. Before entering the toy market, Crayola® was in the maturity phase of the Product Life Cycle. They were a well-established brand with loyal customers. Currently, Crayola® is still in the maturity phase, but with their expansion into the toy market, they have the potential to enter the growth phase.
4. Yes, the move from school supply products to toys is a form of product development. Crayola® identified an opportunity to expand their product line and reach a new market which led to the creation of a new line of products.
5. Crayola's product portfolio strategy includes a wide range of products for school and home use. They offer various types of coloring and art supplies to cater to different needs, from washable markers for young children to professional-grade colored pencils for artists. The company constantly innovates and improves their products to maintain their position as a market leader. Additionally, they have expanded their product line with toys and other creative items to reach a wider audience.
Analyze the significance of these three matrices for Chipotle regarding their relevance for strategic planning. Include a description of the key information for each of the three matrices.
Discuss how the information from your analysis will influence your recommendations for strategy selection, planning, and implementation.
One common type of the matrix used in strategic planning is the SWOT analysis.
What is strategic planning?Strategic planning is a process of defining an organization's long-term goals and objectives, and then developing a plan of action to achieve them. It involves analyzing the current state of the organization, identifying strengths, weaknesses, opportunities, and threats, and setting priorities and objectives for the future. The process typically involves gathering input from stakeholders, conducting research and analysis, setting strategic objectives, developing action plans, and monitoring progress over time. The ultimate goal of strategic planning is to align an organization's resources, capabilities, and activities with its long-term goals and objectives. This helps to ensure that the organization is well-positioned to respond to changes in its environment and to achieve sustained success over time.
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Answers for, We assume that for several years Kiya Ahemed has operated a part-time consulting
business from her home. As of April 1, 2020, Kiya decided to move to rented quarters
and to operate the business on a full-time basis. The business will be known as Kiya
Consulting. During April, Kiya Consulting entered into the following transactions:
Apr. 1. The following assets were received from Kiya Ahemed: cash, Br.130,100;
accounts receivable, Br.30,000; supplies, Br.11,400; and office equipment,
Br.125,500. There were no liabilities received.
1. Paid three months’ rent on a lease rental contract, Br.60,000.
2. Paid the 0ne year premiums on property and casualty insurance policies, Br.12,000.
4. Received cash from clients as an advance payment for services to be provided and
recorded it as unearned fees, Br.50,000.
5. Purchased additional office equipment on account from Office Station Co.,Br.20,000.
6. Received cash from clients on account, Br.18,000.
10. Paid cash for a newspaper advertisement, Br.1,200.
12. Paid Office Station Co. for part of the debt incurred on April 5, Br.10,000.
12. Recorded services provided on account for the period April 1–12, Br.42,000.
14. Paid part-time receptionist for two weeks’ salary, Br.7,500.
17. Recorded cash from cash clients for fees earned during the period April 1–1
Br.62,500.
18. Paid cash for supplies, Br.8,000.
20. Recorded services provided on account for the period April 13–20, Br.21,000.
24. Recorded cash from cash clients for fees earned for the period April 17-24,
Br.3,8500.
26. Received cash from clients on account, Br.36,000.
27. Paid part-time receptionist for two weeks’ salary, Br.7,500.
29. Paid telephone bill for April, Br.1,300.
30. Paid electricity bill for April, Br.2,000.
30. Recorded cash from cash clients for fees earned for the period April 25–30,
Br.30,500.
30. Recorded services provided on account for the remainder of April, Br.15,000.
30. Kiya withdrew Br.25,000 for personal use.
1. Cash was decreased by Br.60,000 and Rent Expense was increased by Br.60,000.
Rent is a payment made by a tenant to a landlord in exchange for the use of a property or unit. It is usually paid monthly, but can also be paid weekly, bi-weekly, or yearly. Rent is typically based on the market value of the property, but may be agreed upon between the landlord and tenant.
2. Cash was decreased by Br.12,000 and Insurance Expense was increased by Br.12,000.
4. Cash was decreased by Br.50,000 and Unearned Fees was increased by Br.50,000.
5. Accounts Payable was increased by Br.20,000 and Office Equipment was increased by Br.20,000.
6. Cash was increased by Br.18,000 and Accounts Receivable was increased by Br.18,000.
10. Cash was decreased by Br.1,200 and Advertising Expense was increased by Br.1,200.
12. Cash was decreased by Br.10,000 and Accounts Payable was decreased by Br.10,000.
12. Fees Earned was increased by Br.42,000 and Accounts Receivable was increased by Br.42,000.
14. Cash was decreased by Br.7,500 and Salaries Expense was increased by Br.7,500.
17. Cash was increased by Br.62,500 and Fees Earned was increased by Br.62,500.
18. Cash was decreased by Br.8,000 and Supplies Expense was increased by Br.8,000.
20. Fees Earned was increased by Br.21,000 and Accounts Receivable was increased by Br.21,000.
24. Cash was increased by Br.3,8500 and Fees Earned was increased by Br.3,8500.
26. Cash was increased by Br.36,000 and Accounts Receivable was increased by Br.36,000.
27. Cash was decreased by Br.7,500 and Salaries Expense was increased by Br.7,500.
29. Cash was decreased by Br.1,300 and Telephone Expense was increased by Br.1,300.
30. Cash was decreased by Br.2,000 and Electricity Expense was increased by Br.2,000.
30. Cash was increased by Br.30,500 and Fees Earned was increased by Br.30,500.
30. Fees Earned was increased by Br.15,000 and Accounts Receivable was increased by Br.15,000.
30. Cash was decreased by Br.25,000 and Owner's Withdrawal was increased by Br.25,000.
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