Answer:
Luca Pacioli
Explanation:
Luca Pacioli a European accountant is known as The Father of accountancy.
Luca Pacioli introduced the use of journals and ledgers in accounting systems.
His work in accounting was appreciated worldwide. His first book was based on double- entry accounting. He has introduced the concept of Dual Aspects which has paved the way for the double-entry system .
Assume the following information pertaining to Cub Company: Prime costs $195,000 Conversion costs 221,000 Direct materials used 85,000 Beginning work in process 98,000 Ending work in process 81,000 Cost of goods manufactured is calculated to be: $348,000. $289,000. $297,000. $314,000. $323,000.
Answer:
cost of goods manufactured= $323,000
Explanation:
Giving the following information:
Conversion costs 221,000
Direct materials used 85,000
Beginning work in process 98,000
Ending work in process 81,000
To calculate the cost of goods manufactured, we need to use the following formula:
cost of goods manufactured= beginning WIP + direct materials used + direct labor + allocated manufacturing overhead - Ending WIP
Conversion costs= direct labor + allocated overhead
cost of goods manufactured= 98,000 + 85,000 + 221,000 - 81,000
cost of goods manufactured= $323,000
The cost of goods manufactured is $323,000. So, the correct option is E.
Work in process beginning (WIP), direct materials required, and conversion costs (direct labor and manufacturing overhead) must all be added to determine the cost of goods created. Finally, we remove the completed work in progress.
So, the information provided are:
Beginning WIP: $98,000
Direct materials used: $85,000
Conversion costs: $221,000
Ending WIP: $81,000
Cost of goods manufactured = Beginning WIP + Direct materials used + Conversion costs - Ending WIP
Cost of goods manufactured = $98,000 + $85,000 + $221,000 - $81,000
Cost of goods manufactured = $323,000
Therefore, the cost of goods manufactured is $323,000. So, the correct option is E.
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Your question is incomplete, most probably the complete question is:
Assume the following information pertaining to Cub Company: Prime costs $195,000 Conversion costs 221,000 Direct materials used 85,000 Beginning work in process 98,000 Ending work in process 81,000 Cost of goods manufactured is calculated to be:
$348,000. $289,000. $297,000. $314,000. $323,000.You are considering whether you should go out to dinner at a restaurant with your friend. The meal is expected to cost you $50, you typically leave a 20% tip, and a round-trip Uber ride will cost you $15. You value the restaurant meal at $30 and the time spent with your friend at $50. You should ____ to dinner with your friend because the benefit of doing so is _____ than the cost.
Answer:
Kindly check explanation
Explanation:
Expected cost = $50
Tip = 20% = (0.2 * $50) = $10
Round trip transportation = $15
Total cost = ($50 + $10 + $15) = $75
Benefit derived from going to dinner :
Value of meal = $30
Valuation of time spent = $50
Total value of benefit = ($30 + $50) = $80
Since, the benefits exceed the cost, $80 > $75
Then, You should __go__ to dinner with your friend because the benefit of doing so is __greater___ than the cost.
50 POINTS!! :) The graph shows the marginal cost of producing soccer cleats for Sabrina’s Soccer.
At which level of production does the company make the most profit?
the first pair of cleats
the second pair of cleats
the third pair of cleats
the fourth pair of cleats
Answer:
pretty sure the 1st pair because on the graph it shows thay make $7 and yeh rest make like no more than 5 dolars
Explanation:
Production is termed as the manufacturing of the raw materials in the machines or the advanced technology in order to produce products and services for the demand fulfillment of the customers.
The correct answer analyzing the graph is the first pair of cleats.
The marginal cost is the cost that is incurred at the change in the total cost at the situation when the production of the goods and services increases and the quantity demanded changes. This is computed by dividing the change in cost by the change in the quantity of the goods and services produced for the consumption of the customers.
In the graph shown here, the cleats are the metal material that has been utilized for the curve showing the level of production in the graph of the soccer cleats. In the graph shown here, the cleats are the metal material that has been utilized for the curve showing the level of production in the graph of the soccer cleats.
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Within the music industry, four companies (UMG, Sony-BMG, EMI, and Warner) control 90 percent of the music you hear. The music industry operates in a(n) _____ market structure.
Answer:
oligopoly
Explanation:
From the question we are informed about the music industry with four companies (UMG, Sony-BMG, EMI, and Warner) control 90 percent of the music you hear. In this case the music industry operates in
oligopolistic market structure. Oligopolistic market can be regarded as a market structure whereby there is small number of firms in the market and they have similar products/services to offer. In this market only few of the firms are ruling the majority of the Market, and there is little compitition.
Avon was known as the company that sold cosmetics door-to-door for a long time. In order to grow and reach new markets it began to sell jewelry through its door-to-door sales force. This involved marketing new products through existing channels of distribution. It also is now selling its products by mail order and has opened retail stores. Avon is an example of a company effectively using which strategy?
Answer:
diversification strategy
Explanation:
In Business, diversification strategy refers to the strategy that company implemented in order to enter more than one markets in their overall operation.
Diversification strategy can be done by creating different varieties of products. This will help the company obtain new batch of costumers with different taste/preference who cannot be obtained with their old products.
On top of that, diversification also can be done by selling the products in different methods. This usually made to target different customers who have their own preference in shopping's. For example, if a company is used to sell most of their products through store, opening an online store would be one good example of divarication through different selling methods.
In 2008, inward FDI accounted for some 63.7 percent of gross fixed capital formation in Ireland but only 4.1 percent in Japan ( gross fixed capital formation refers to investments in fixed assets such as factories, warehouses, and retail stores). What do you think explains this difference in FDI inflows into the two countries
Answer:
This difference in FDI inflows into Ireland and Japan is accounted by the prospects of economic growth.
Explanation:
Ireland is a growing economy. Japan's economy has been shrinking for some years now. Ireland has improved its competitiveness. It is providing better open, transparent, conducive, and dependable investment environment for both foreign and domestic firms to thrive. It has eased the doing of business in the economy, provided access to imports and exports trade, and boasts of a relatively flexible labor market. These are backed by enhanced protection of intellectual property rights.
Do you know i am 15 and yea
Answer:
Maybe but nice pic have a nice day
Answer:
Nle top shotta
Explanation:
A conventional mortgage loan closed on July 1 for $165,000 at 3.75% interest amortized over 25 years at $857.06 per month. Using a 360-day year and interest paid in arrears, what would the principal amount be after the monthly payment was made August 1 ?
A. $164,936.30
B. $164,484.38
C. $164,142.94
D. $164,658.57
Answer:
D. $164,658.57
Explanation:
Initial Borrowing = $165000
Annual Interest Rate = 3.75%
Monthly Payments = $ 857.06
Interest Accrued Between 1st July and 1st August = (30/360) * 0.0375 * 165000 = $516.625
Principal Repaid in first monthly payment = Monthly Repayment - Interest Accrued
= $857.06 - $515.625
= $341.435
Principal Outstanding post 1st Monthly Repayment = $165,000 - $341.435
= $164658.565
= $164658.57
Select the statement about founders that is not true:_______.
1. The average age for receiving venture capital is 42
2. Overconfidence increases the chance of launching a venture, but not the chance of success
3. Women start nearly 40% of businesses in the US
4. Founders in their 20s succeed at a higher rate than founders in their forties
Answer:
4. Founders in their 20s succeed at a higher rate than founders in their forties
Explanation:
There's is no evidence or statistical data which validates this statement. Consider, we have many company founders who were in their forties, and they were able to their companies successfully.
For example, we have founders like;
Sam Walton, the founder of Wal-MartArianna Huffington, the founder of The Huffington PostAll of the above were in their forties but succeeded in their companies.
The Federal Reserve decreases the money supply in the United States causing interest rates to increase.Draw correctly labeled graphs to show how the increased interest rates in the scenario will affect the demand for the U.S. dollar and supply of the EU euro in the foreign exchange market.Based on the scenario, what will happen to the value of the EU euro
Answer:
Following are the solution to the given question:
Explanation:
Please find the graph file in the attachment.
Unless the amount of money drops, the tax rate will increase. This will impact the euro currency supplies and US dollar market, that's a supply of European union would motivate people who hold to see what's happening in Europe. It will move towards the right when it sells the euro and competition for international goods and services would rise. Throughout this scenario, US dollars will be requested through persons keeping currency apart from US dollars. They will be motivated by others.
How does the analysis from the supplier position and supplier preferencing models affect how a purchasing manager plans to do business with suppliers?
Explanation:
The analysis of the supplier's position and the supplier's preference models affect how a purchasing manager plans to do business with suppliers in the sense that, through these models, purchasing managers obtain more information to analyze their preferences, that is, it is a tool that allows purchasing managers to choose the ideal supplier according to their essential criteria, it is possible to choose a supplier based on market reputation, quality, price, etc., making the supplier decision making process more aligned to the purposes and organizational goals and more effective.
1. There are many different leadership theories and no ideal leadership style. Explain what "It depends" means to you in the context of choosing the best leadership style.
Explanation:
There are many different theories of leadership and no ideal leadership style, because the ideal leadership will depend on several factors that can vary from one organization to another, such as the organizational structure, the type of product and service that organization offers, its objectives and goals, its strategy, its mission, vision and values and etc.
The most effective leadership style is one that is aligned with organizational purposes and values, as it is not enough to be an autocratic leader, for example in a decentralized organizational structure, where each employee has participation in the company's decision-making process.
Therefore, the ideal leader is the one who meets the requirements of your organization and your work team, is the one with communication and conceptual skills who understand the organization as an integrated system where there are people with different profiles and demands. The ideal leader will be one who acts ethically and following the set of company policies and procedures.
2. Simple versus compound interest Financial contracts involving investments, mortgages, loans, and so on are based on either a fixed or a variable interest rate. Assume that fixed interest rates are used throughout this question. Isabella deposited $1,400 in a savings account at her bank. Her account will earn an annual simple interest rate of 6.6%. If she makes no additional deposits or withdrawals, how much money will she have in her account in 13 years? $3,213.45 $192.40 $1,498.50 $2,601.20 Now, assume that Isabella’s savings institution modifies the terms of her account and agrees to pay 6.6% in compound interest on her $1,400 balance. All other things being equal, how much money will Isabella have in her account in 13 years? $1,492.40 $3,213.45 $2,601.20 $212.09 Suppose Isabella had deposited another $1,400 into a savings account at a second bank at the same time. The second bank also pays a nominal (or stated) interest rate of 6.6% but with quarterly compounding. Keeping everything else constant, how much money will Isabella have in her account at this bank in 13 years? $230.69 $192.40 $1,494.71 $3,278.78
Answer:
1. c. 2601.2
2. b. $3213.45
3. d. $3278.78
Explanation:
1. Simple Interest = Principal * Interest * Term
Simple Interest = $1400*0.066*13
Simple Interest = $1,201.2
Amount after 13 years = $1,400 + $1,201.2
Amount after 13 years = $2,601.2
2. Amount after 13 years = P(1+r)^n
= $1,400*(1+0.066)^13
= $1,400*(1.066)^13
= $1,400*2.29532222032
= $3213.451108448
= $3213.45
3. Amount after 13 years = P(1+r/n)^n*t
= $1,400*(1+0.066/4)^13*4
= $1,400*(1+0.0165)^52
= $1,400*(1.0165)^52
= $1,400*2.34198395106
= $3278.777531484
= $3278.78
8. What includes retail sales, housing starts, and truck and
auto sales
Answer:
monthly data series in a GDP
Explanation:
A GDP is defined as the actual domestically manufactured or produced products or the services provided in a financial year which describes or estimates the financial status or economic status of a country. GDP stands for Gross domestic product.
By analyzing the monthly data series of goods or services produced one can predict the real GDP of a country to be. One can use the monthly observations of the employment, unit auto as well as truck sales, sousing starts, retail sales, trade, automobile inventories, manufacturing, shipment of machinery and equipment, index of the industrial production, etc. to predict the GDP growth or get an idea of the GDP figures that are going to show the robust growth of the economy.
Candra has compiled her rewritten notes, vocabulary lists, potential test questions and her previous tests. Which main component to a strong study guide is she missing? a. Class notes c. Graphic organizers b. Flashcards d. None of these
Answer:
the answer is C
Explanation:
i just took the test hope this helps
Graphic organizers is the main component to a strong study guide is she missing. Hence, option C is correct.
What is Graphic organizers?A visual and graphic display known as a graphic organizer shows the connections between vocabulary, concepts, and facts within a learning task. In addition to being known as graphic organizers, knowledge maps, concept maps, story maps, cognitive organizers, advance organizers, and concept diagrams are other names for them.
Students are supposed to use this graphic organizer from The Resourceful Teacher to arrange information by responding to the 5 Ws: who, what, when, where, and why.
In any topic area, graphic organizers are beneficial teaching resources. They serve as a pre-writing aid for essays, assist students in organizing their thoughts and ideas for answering questions, and present information visually.
Thus, option C is correct.
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The purpose of the Six Sigma method is to: Select one: a. Find and remove causes of mistakes b. Reduce variability in products and processes c. Reduce costs d. All of the above
Answer:
d. All of the above
Explanation:
The six sigma is a method where it provides the tools to the organization in order to improve the business process ability. This result in rise in performance and reduce the variation in the process due to which it decreased the defects and have improvement in the profits, morale of the employees and the product's quality
So as per the given situation it purpose is to discover and eliminate the mistakes, decrease the variability and also decreased the cost
Therefore the option d is correct
To be considered of high quality, a product must: Select one: a. meet high specifications b. meet customers' stated expectations c. meet customers' stated and unstated expectations d. meet safety standards
Answer:
D
Explanation:
meet safety standards
Fiona found that she had broken even when she sold 120 boxes of her homemade chocolate chip cookies. The rent for her bakery (payable every month) was $300. The batter for the cookies cost $2 per box. She also used chocolate chips in her cookies. She sold each box for $5. How much did Fiona pay per box for her chocolate chips?
Answer:
$0.5 per box
Explanation:
From CVP analysis,
The break-even point = Fixed cost/contribution margin per unit
For Fiona
Break-even point =$120 boxes, fixed costs = $300
Contribution margin per init = selling price - variable costs
selling price =$5: variable costs, cookies cost $2 per box, and chocolate chips
therefore
120 = $300/ Contribution margin per unit
$120 = $300/ CM
CM = $300/$120
CM = $2.5
Contribution margin = selling price - variable costs
$2.5 = $5- cookies - chocolate chips
$2.5 =$5 - $2- chocolate chips
$2.5 -$3-chocolate
chocolate chips = $3-$2.5
=$0.5 per box
Answer:
Explanation:
I believe it is 27.6 ounces
Suppose the market price increase. Which statement is correct?
A. Demand will decrease at all price levels.
B. Supply will decrease at all price levels.
C. Quantity demanded will decrease.
D. Quantity supplied will decrease.
Answer:
C
Explanation:
If the market price of a good increases, quantity demanded decreases and quantity supplied increases. This is in line with the law of demand and supply respectively.
according to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
In the case when there is an increment in the market price so here quantity demanded should reduced.
Increment in market price:In the case when the market price of a good increase, quantity demanded reduced and at the same time quantity supplied increases. As this represent the law of demand function. But as per law of supply it shows the direct relationship between supply and price.
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a document format is : ap3x
A. a small mark at the end of each line of a type character
B. a complete set of letters, numbers, and symbols having the same style
C. the shape, size, design, and arrangement of its physical elements
D. alignment of a block of text from top to bottom on the left, right, or both
Answer:is D
Explanation:
The shape,size,design,and arrangement of its physical elements
Do some research on the Internet and explain what a flat organization structure refers to and then provide an example and explain why it is considered flat. Which type of organization will be around in the long term in your opinion
Answer:
An organization with little levels of management from leadership
Example is apple
Explanation:
A flat organization is an organization that has little or no levels of middle management existing among the leadership and the employees in the organization. Startups often use this organizational structure.
An example of this structure is Apple. This is because the company Apple has self managed teams. Manager involvement is minimal. The teams are highly empowered and they independently manage their departments
In the long term, the flat organization Is more likely to be around as it provides more motivation for the employees as well as empowering them. Thereby making them to contribute better in the organization.
According to the law of supply, assuming other factors are held constant: as the supply of bread increases, the price of bread will decrease. as the supply of bread increases, the price of bread will decrease. as the price of bread increases, the quantity of bread supplied will decrease. as the price of bread increases, the quantity of bread supplied will decrease. as the supply of bread increases, the price of bread will also increase. as the supply of bread increases, the price of bread will also increase. as the price of bread increases, the quantity of bread supplied will increase.
Answer:
as the price of bread increases, the quantity of bread supplied will increase.
Explanation:
The law of supply shows the positive relationship between the price and the quantity supplied keeping all other factors constant. that means if the price of one good is increased so the quantity supplied of that good also increased
So as per the given situation if the price of bread rises so the quantity of bread supplied also rises
Therefore the last option is correct
How is opportunity cost related to scarcity?
Answer:
This concept of scarcity leads to the idea of opportunity cost. The opportunity cost of an action is what you must give up when you make that choice. Another way to say this is: it is the value of the next best opportunity. Opportunity cost is a direct implication of scarcity
Explanation:
The liabilities of Wildhorse Company are $113,000 and the owner’s equity is $235,000. What is the amount of Wildhorse Company’s total assets?
Answer:
$122,000
Explanation:
i dont know i just subtracted ¯\_(ツ)_/¯
Critically discuss SIX causes of differences in accounting practices used in different countries.
You must discuss, with relevant examples, how a particular factor contributes to or leads to a particular difference in accounting practices.
Answer:
Six causes of differences in accounting practices used in different countries is explained below with detail explanation.
Explanation:
The following are six problems of the variation in Accounting practice practiced in different nations.
Environmental FactorsLegal SystemsCultural DifferenceTaxationFinance providersInflationLegal System :
The legal system of a nation performs an essential role in the development of Accounting policies.
Taxation :
In some countries, Accounting and Taxation are dependent on each other. Whereas in other countries they are independent.
Inflation :
Inflation doesn't remain the same for every country. Uniform accounting practice cannot be followed because of this reason.
Cultural Differences/Diversity :
Cultural diversity plays a pivotal role in the Accounting practice of each country. Cultural practices lead to different practices being followed across the globe.
Environmental Factors :
Many countries have started to incorporate environmental Accounting in their financial statements.
Research the definitions of various production and operations management terms used in the textbook readings. Perform a literature search on one of these terms. Discuss how this term can impact the ability for an operation to be competitive in the 21st century. Do not use a term posted by another student.
The correct answer to this open question is the following.
Unfortunately, you did not attach the link to your textbook to know what the terms were. Without information, we do not know what you studied in the lesson.
However, trying to help you, we can share some general production and operation management terms
These are the terms I choose.
Acquisition. This term refers to the purchase of another company or the purchase of a significant asset.
Benchmarking. This is the activity companies do to compare their systems and procedures to other competitors. Companies do this to know what they are doing good and where they have some disadvantages.
Customer Satisfaction. The activity that establishes contact with clients and consumers in order to deliver the satisfaction the consumer deserves in every interaction it has with the company.
I choose to elaborate on Customer Satisfaction. This term can impact the ability of an operation to be competitive in the 21st century because it is a great differentiator when you compete with companies that offer similar products or services.
The better you treat your customers the more prone to be loyal to your brands, And that is a key to be at the top of the mind of your consumers.
The BRS Corporation makes collections on sales according to the following schedule:________.
35% in month of sale
61% in month following sale
4% in second month following sale
The following sales have been budgeted:_______.
Sales
April $200,000
May $130,000
June $120,000
Budgeted cash collections in June would be:________.
a. $129,300
b. $120,000
c. $120,800
d. $121,300
Answer:
a. $129,300
Explanation:
The computation of the cash collections in the month of June is as follows:
= $120,000 × 35% + $130,000 × 0.61 + $200,000 × 0.04
= $42,000 + $79,300 + $8,000
= $129,300
Hence, the Budgeted cash collections in June would be $129,300
Therefore the correct option is A
and the rest of the options are wrong
Discuss motivation hygiene theory proposed by Fredrick Hertzberg
Answer:
This answers may help you
you have your first meeting with the main client contact next week. It is very important that the meeting is productive and goes well. How do you approach the meeting
Answer: There are many points that should be clear in the head before one has meeting with the client. Some of them are discussed here.
Explanation:
1: Objective must be very clear: The main aim or objective of the meeting should be very clear to the speaker and it should be made clear to the listener( client)
2:The meeting should not take much time: The time take by the speaker to make the client understand the facts should be less and precise. It should take much time.
3: The facts and data should be crisp and clear: The data and analysis part should be made clear before presenting it to client to avoid any confusion during the meeting.
4: Meeting Etiquette should be followed properly: The ground level manners and etiquette must be followed during the meeting.
Sovereignty can best be described as ________.
Answer:
a government asserting control over and responsibility for its citizens and their actions.
Explanation:
Sovereignty means the power, right and ability of a government to exercise control over itself without any foreign or external control. It means the state of being supreme in authority.
Sovereignty enables a state or a government have total control over its citizens without external influence and also gives a state the capacity to enter into relations with other states. Sovereignty gives power to the people to have their leaders or government elected hence important because such government must be respected due to its sovereign status.