The computation of the ending inventory and cost of goods sold for Orion Iron Corporation, using the FIFO and LIFO methods, is as follows:
FIFO method:Ending inventory = $13,400 ($13 x 800 + $10 x 300)
Cost of goods sod = $9,600 ($23,000 - $13,400)
LIFO method:Ending inventory = $11,600 ($12 x 300 + $10 x 800)
Cost of goods sod = $11,400 ($23,000 - $11,600)
Data and Calculations:Transactions units unit cost Total Cost Total Revenue
a. inventory, beginning 300 $ 12 $3,600
b. Purchase, April 11 900 10 9,000
c. Purchase, June 1 800 13 10,400
Total units 2,000 $23,000
d. Sale, May 1 -300 $40 $12,000
e. Sale, July 3 -600 $40 $24,000
Total sales units 900 $36,000
Ending inventory 1,100 (2,000 - 900)
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Many customers value fast, fresh, flavorful food that is free of preservatives, chemicals, and antibiotics. The marketing mix factor that represents the value of the product to a customer is:
The marketing mix factor that represents the value of the product to a customer is price.
What is marketing mix?Marketing mix simply means the elements that are involved in the marketing of a good. They're product, price, place, and promotion.
In this case, the marketing mix illustrated is price since it deals with the value of the product.
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When a plant asset is ________ but ________, the book value of the asset equals its estimated salvage value and the asset is not retired.
Answer:
fully depreciated; still used by a company
Explanation:
In 2009 dollars, u. S. Gdp was $1057 billion at the start of the great depression but fell to $778 billion by 1933. What percentage decline does this represent?.
The percentage decline in the US GDP from 1933 to 2009 is 26.4%.
What is the percentage change in US GDP?
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
Percentage change in GDP = (778/1057)- 1 = 26.4%
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Suppose that, from 1985 to 1986, unemployment fell from 7.2 to 7.0 percent and inflation fell from 3.8 to 1.1 percent. an explanation of these changes might be that the
An explanation for the situation when unemployment fell from 7.2 to 7.0 percent and inflation fell from 3.8 to 1.1 percent is that aggregate supply curve shifted to the right
What is an aggregate supply?An aggregate supply refers to the overall supply of goods and services that is produced within an economy at a price in a period of time.
In conclusion, when productivity increases or the price of key inputs falls, the the aggregate supply curve shifts to the right and makes lower inflation, higher output, lower unemployment possible.
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How did economists Currie and Walker conduct research to decide whether pollution or poverty was responsible for worse outcomes among babies born in high-pollution areas
Currie and Walker used behavioral responses to pollution such as maternal mobility to conduct research to decide whether pollution or poverty was responsible for worse outcomes among babies born in high-pollution areas.
What is Pollution?Pollution is a contamination of a healthy environment that can cause damage to the health of individuals and the environment. When a foreign substance is introduced to the environment, either by air or land or whatever means, we say the environment has been polluted.
When Currie and Walker did research on the effect of pollution among babies born in the high-pollution area, they used behavioral responses to pollution to conduct it. They considered maternal mobility and the effects it would have on the baby.
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You have been asked to calculate the internal rate of return for an investment with the following cash flows, using the Excel IRR function: The cost of the investment is $500,000. Cash flows in years 1 through 5 are $200,000; $160,000; $120,000; $80,000; and $40,000, respectively. There is no residual value to the investment. Using Excel's IRR function, what is the internal rate of return on the investment after 3 years
Answer:
9.92 %
Explanation:
Year 0 = ($500,000)
Year 1 = $200,000
Year 2 = $160,000
Year 3 = $120,000
Year 4 = $80,000
Year 5 = ($40,000 + $25,000) = $65,000
therefore,
the internal rate of return on the investment after 5 years is 9.92 %
You have been asked to calculate the internal rate of return for an investment with the following cash flows, using the Excel IRR function.
T internal rate of return for the investment after 3 years, we need to use the Excel IRR function. Here are the steps:
Step 1: Create a list of cash flows. In this case, the cash flows are as follows:
Year 0 (Initial Investment): -$500,000
Year 1: $200,000
Year 2: $160,000
Year 3: $120,000
Year 4: $80,000
Year 5: $40,000
Step 2: In Excel, use the IRR function to calculate the internal rate of return. In this example, the cash flows are in cells A1 to A6.
In cell A7, input the formula:
=IRR(A1:A6)
The internal rate of return on the investment after 5 years is 9.92 %
This means the internal rate of return on the investment after 3 years is 9.92%. It indicates the annualized rate of return the investment is expected to generate over the first three years.
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#SPJ2
The three dimensions of a firm's relationships with customers include all the following EXCEPT: a. affiliation. b. reach. c. exclusiveness. d. richness.
Answer:
The answer is C
Explanation:
Hope this helps:)...if not then sorry for wasting your time and may God bless you:)
What is the advantage of displaying data in a graph rather than just listing data in a table?.
Answer:
✒️Answer:Because of their visual nature, they show the overall shape of your data. This is when you should use graphs instead of tables: The message is contained in the shape of the values (e.g. patterns, trends, exceptions). The display will be used to reveal relationships among whole sets of values.
Explanation:
#CarryOnLearning[tex]watch.some.anime[/tex]
E-mail is an temporary message medium. please select the best answer from the choices provided t f
The given statement is correct that E-mail is a temporary message medium, and it is considered as a formal business communication.
What is E-Mail?Electronic mail is a well known method of interchanging the various messages between people by employing the electronic devices.
It is also considered a formal medium of business communication, as it is mostly used in the business organization.
It is considered as a temporary message medium because some of the messages are often triggers in the mailbox that temporarily move to the Microsoft Exchange Server.
Therefore, the given statement is true.
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Answer:
The answer is FALSE. Emails last forever. They are also INFORMAL communication, not formal.
Hugh has made an appointment to speak with a local librarian about their job. What kind of exploration is Hugh setting up?
career presentation
informational interview
job shadowing
internship
Answer:
The answer would be an informational interveiw
Explanation:
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How long does it take to hike the appalachian trail?.
A typical hiker takes 5 to 7 months to hike the entire A.T.
What does an environmental management technician do?.
A type of pricing strategy we’re in the same product being sold at a different place but have different price
An example of an entrepreneur would be someone who opened up a gourmet popcorn store in the local mall. Please select the best answer from the choices provided T F.
A person who opened up a gourmet popcorn store is a suitable example of an entrepreneur.
What do you mean by Entrepreneur?An entrepreneur refers to the person who is solely responsible for the success of the business. In other words, an entrepreneur runs a business of his own and runs it profitably.
An entrepreneur who opened up a gourmet popcorn store in a local mall is considered an example of an entrepreneur.
Therefore, the above statement is True.
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A company sells 800 units at $16 each, has variable costs of $12 per unit, and fixed costs of $1,200. Income is $
Assuming a company sells 800 units at $16 each, has variable costs of $12 per unit. The after-tax income is $1,200.
After-tax incomeUsing this formula
After-tax income=(Selling units×Selling price)-[(Variable costs×Selling price)+Fixed costs]×(1- tax rate)
Let plug in the formula
After-tax income=(800 units× $16 each)-[(800 units × $12 each)+$1200]×(1-.40)
After-tax income=$12,800-($9,600+$1,200)×0.60
After-tax income=$12,800-$10,800×0.60
After-tax income=$2,000×0.60
After-tax income=$1,200
Inconclusion the after-tax income is $1,200.
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Which sentence is TRUE?
A. You must accept ALL the aid in a financial aid offer.
B. All of the aid listed in Offer #2 is free, meaning it does not need to be paid back.
C. All universities use the same format for their financial aid offer.
D. You can choose to accept some of the aid listed in the financial aid offer and decline some aid.
The TRUE sentence is that D. You can choose to accept some of the aid listed in the financial aid offer and decline some aid.
What is a financial aid offer?A financial aid offer is a statement that explains the financial aid available in a college or career school.
In the financial aid offer, there may be provisions for:
GrantsWork-studyStudent loansScholarships.Financial aids make college or career school affordable to many students. Some financial aids are liabilities that must be repaid after schooling.
Thus, the TRUE sentence is Option D.
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A binding price ceiling is designed to:Question 2 options:a) increase efficiency.b) prevent shortages.c) keep prices below the equilibrium level.d) increase the quality of the good.
A binding price ceiling is designed to c) keep prices below the equilibrium level.
What is a binding price?A binding price ceiling is a term used to refer to a case whereby government sets a required price on a good or goods.
This price is usually set at a price below equilibrium.
Producers are are usually at the beneficial sides as a result of the binding price floor incase the price is higher than equilibrium price.
while Consumers are always worse off since they must pay more for a lower quantity.
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Kelly is purchasing a property that has an assessed value of $160,000. If the tax rate is 2.5%, what will Kelly likely pay annually in property taxes
Given that the tax rate is 2.5%, then, the amount that Kelly will likely pay annually in property taxes is $4,000.
What is a property tax?This is a type of tax imposed on the purchase of property in a particular region.
Given data
Assessed value is $160,000
Tax rate is 2.5%
Tax payable = $160,000 * 2.5%
Tax payable = $4,000
Therefore, the tax payable on the property is $4,000.
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Which energy source accounts for nearly 7% of global energy consumption, making it the leading fossil fuel alternative
The energy source account that accounts for around 7% of energy consumption is hydropower.
Which energy source accounts for 7% of consumption?Hydropower is a renewable energy source that accounts for around 7% of global energy consumption in various nations around the globe.
This means that compared to fossil fuels, it is the best alternative to replace them as a renewable energy source.
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If a given set of cash flows is expressed in nominal terms and discounted at the nominal rate, the resulting present value will be the same as if the cash flows were expressed in real terms and discounted at the ____ rate.
Underapplied factory overhead represents a.an unfavorable total factory overhead cost variance. b.actual factory overhead. c.a favorable total factory overhead cost variance. d.None of these choices are correct.
Underapplied factory overhead represents An unfavorable total factory overhead cost variance.
What is an Underapplied Factory Overhead?An underapplied factory overhead is a term that refers to a situation that comes up when overhead expense results in what a factory or company did not budget for in the long run.
Underapplied factory overhead leads to unnecessary cost implications for the company. It is an unforeseen budget that eventually comes up in the long run.
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In+a+survey+conducted+on+an+srs+of+200+american+adults,+72%+of+them+said+they+believed+in+aliens. +give+a+95%+confidence+interval+for+percent+of+american+adults+who+believe+in+aliens
Based on the size of the sample, the 95% confidence interval for American adults who believe in aliens is (0.6577719, 0.7822281).
What is the confidence interval?With a 95% interval, we can find the Z score using the Z table to be 1.96.
The 95% interval here would therefore be:
Lower limit:
= (Proportion that believes in Aliens - 1.96 x √((Proportion that believes in aliens x Percentage that doesn't)) / Sample size
= 0.72 - 1.96 x √((0.72 * 28) / 200)
= 0.6577719
Upper limit:
= 0.72 + 1.96 x √((0.72 * 28) / 200)
= 0.7822281
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Definitions Types of Companies a. Purchases goods that are primarily in finished form for resale to customers. b. Records revenues when providing services to customers. c. Produces the goods they sell to customers.
The definitions of types of Companies is one that c. Produces the goods they sell to customers.
What is a company?A company serves as the legal entity formed by a group of individuals for production of goods and services.
They do engage in and operate a business which could be commercial or industrial enterprise.
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How do trade agreements of international organizations affect trade? by incentivizing the development of trade policies by eliminating tariffs and taxes on imports and exports by encouraging countries to provide open access to trade by helping smaller countries compete in the world market
A trade agreement (sometimes known as a trade pact) is a comprehensive tax, tariff, and trade treaty that frequently contains investment guarantees.
What are the benefits of international trade and agreement?Some of the advantages of a trade agreement include reduced tariff barriers, increased exports, economies of scale, increased competition, use of surplus raw materials, and so on. These are some of the benefits gained by international traders as a result of trade agreements.
Thus Option C is correct about the trade agreement.
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Answer:
How do trade agreements of international organizations affect trade?
by incentivizing the development of trade policies
by eliminating tariffs and taxes on imports and exports
by encouraging countries to provide open access to trade The answer
by helping smaller countries compete in the world market
How does your state’s on-time payment record compare to the national rate?
It should be noted that my state’s on-time payment record is high compare to the national rate.
What is a credit score?A credit score serves as a numerical expression based on a level analysis of a person's credit files.
This is a term that to represent the creditworthiness of an individual after his account has been checked.
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_________________ comes with best-in-class creative publishing tools, so you can create ads from scratch or tap into existing assets.
Creative tools comes with best-in-class creative publishing tools, so you can create ads from scratch or tap into existing assets.
What are creative tools?Creative tools are methods, approach and materials that is use to generate information and also disseminate information on a short time.
It can be use to generate good innovation and idea that is needed for ads.
Therefore, Creative tools comes with best-in-class creative publishing tools, so you can create ads from scratch or tap into existing assets.
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Undue influence cases often involve a relationship of trust and confidence between the contracting parties.
a. True
b. False
A farmer and an investor negotiate a Futures Contract where Tomatoes will be sold
at $12 per bushel in 6 months... Who benefits if prices rise to $15 per bushel?
If prices rise to $15 from the original $12 it was at in 6 months, the person that benefits between the investor and the farmer will be the Investor.
Why would the investor benefit?The investor has fixed the price of the tomatoes to $12 when they purchase it in 6 months.
This means that the new price of the tomatoes will not affect them and they will still spend less than the market price of $15 when they eventually purchase the tomatoes.
In conclusion, the investor benefits.
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what is the importance of knowing how to compute the market share in a business
Answer:
Simply put, market share is a key indicator of a company's competitiveness. When a company increases its market share, this can improve its profitability. This is because as companies increase in size, they too can scale, therefore offering lower prices and limiting their competitors' growth.
You can determine a company's market share by dividing its total sales or revenues by the industry's total sales over a fiscal period.
It's important to calculate and understand market size for several reasons. First, entrepreneurs and organizations can use market sizing to estimate how much profit they could potentially earn from a new business, product or service. This helps decision-makers to decide whether they should invest in it.
2. What does a correlation coefficient of 0.76 between two assets indicate?
(1 point)
Answer:
The two assets are highly correlated
Explanation:
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