Davis Company sold inventory on account. Assuming Davis is using the periodic inventory method recognizing this event will increase the balance in the accounts receivable account.
The periodic inventory system is a method of inventory valuation for financial reporting purposes in which a physical count of the inventory is performed at specific intervals. This accounting method takes inventory at the beginning of a period, adds new inventory purchases during the period and deducts ending inventory to derive the cost of goods sold (COGS).
The cost of goods sold, commonly referred to as COGS, is a fundamental income statement account, but a company using a periodic inventory system will not know the amount for its accounting records until the physical count is completed.
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When the average cost curves (atc or avc) are ____________ , then the marginal cost curve is above them.
When the average cost curves (atc or avc) are increasing , then the marginal cost curve is above them.
A short-run marginal cost (SRMC) curve illustrates the relationship between a firm's marginal (i.e., incremental) costs incurred during the short-term production of a products or service and the volume of output produced. By maintaining other variables, such as technology and resource costs constant, this curve is designed to depict the relationship between marginal cost and the amount of output. w/MPL is the definition of marginal cost. For the majority of production processes, the marginal product of labour initially rises, achieves a maximum value, and then continuously declines as production rises.
As a result, marginal cost initially decreases, reaches a minimum amount, and then starts to rise. At their lowest points, the average total cost curve and average variable cost curve cross one other. A rising average cost curve is present when the marginal cost curve is higher than the average cost curve. When a curve's marginal costs are lower than its average, the average curve is decreasing. The marginal curve may be growing or declining, but this relationship still remains.
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The internal environment influences how organizations establish strategies and objectives as well as identify, assess and respond to risk.
a. true
b. false
TRUE, The internal environment influences how organizations establish strategies and objectives as well as identify, assess and respond to risk.
The environment can be defined as the totality of all biotic and abiotic factors and their influences that affect human life. All living or biotic elements are animals, plants, forests, fisheries and birds, while abiotic or abiotic elements include water, land, sunlight, rocks and air.
1: The environment, objects, or conditions in which a person is surrounded.
2a: A complex of physical, chemical and biological factors (climate, soil, organisms, etc.) that act on an organism or ecosystem group and ultimately determine its morphology and survival.
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When the fed finds it necessary to slow down the economy it tightens monetary policy by:______.
When the fed finds it necessary to slow down the economy it tightens monetary policy by raising short-term interest rates through policy changes to the discount rate and federal funds rate.
Tight Monetary Policy: What Is It?
A central bank, such as the Federal Reserve, may adopt a tight, or contractionary, monetary policy in order to tame hot economic growth, restrain expenditure in an economy that is perceived to be expanding too quickly, or slow inflation when it is increasing too quickly.
By increasing short-term interest rates through policy changes to the discount rate and federal funds rate, the central bank tightens monetary policy or makes money scarce. Raising interest rates makes borrowing more expensive and, therefore, less appealing. Selling assets on the central bank's balance sheet to the market through open market operations is another way to conduct strict monetary policy (OMO).
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The formula for net worth is the total value of your assets minus the total value of your liabilities.
a. True
b. False
True, The formula for net worth is the total value of your assets minus the total value of your liabilities.
What is net worth?Net worth is the sum of an individual's or institution's non-financial and financial assets less the sum of its outstanding obligations. Your net worth is an excellent measure of your financial health since it shows if your total assets are worth more or less than what you owe. Net worth is a significant indicator for financial planning, such as acquiring a property or business or developing a retirement plan. Subtracting all of your debts and liabilities from your assets yields your net worth. You may have intangible or difficult-to-sell things that are excluded from loan eligibility calculations utilized by banking institutions.
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In sap, each business process transaction that writes data to the database creates a?
Each business process transaction that writes data to the database creates a uniquely numbers electronic document.
The database isolation degree is utilized by default for transactions. can select to specify the isolation degree for a transaction the usage of the Isolation. Level belongings while you begin the transaction. The isolation stage applies to all statements accomplished inside the transaction. The .internet data provider helps photo isolation.
The locks that the database server makes use of when you execute a sq. announcement rely upon the transaction's isolation degree. Utility facts is the statistics which the SAP needs for itself.
Transactional databases are optimized for jogging manufacturing structures the entirety from websites to banks to retail shops. those databases excel at analyzing and writing man or woman rows of facts right away whilst preserving records integrity.
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The multi-faceted political and economic philosophy that emphasizes privatization and unregulated markets is?
The multi-faceted political and economic philosophy that emphasizes privatization and unregulated markets is neoliberalism.
Philosophy is the systematic study of general and fundamental questions such as existence, reason, knowledge, values, mind and language. Such questions are often asked as problems to be investigated or solved.
It is the rational search for basic truths, the search for understanding, the study of behavioral principles. It seeks to establish standards of evidence, provide rational methods for resolving conflicts, and develop techniques for evaluating ideas and arguments.
Philosophy is a collection of ideals, standards, or beliefs used to explain behavior and thought. A typical example of philosophy is Buddhism.
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When a business undertakes a new project it will often need to invest additional funds in net working capital to cover items such as:________
When a business undertakes a new project it will often need to invest additional funds in net working capital to cover items such as increased inventory levels
Inventory level refers to the amount of inventory available throughout the distribution network. By monitoring inventory levels, you can always meet demand and stock only the inventory you need for a specific period of time.
A good inventory turnover ratio for most industries is 5-10, indicating that they sell and restock inventory every 1-2 months. This ratio balances having enough inventory and not reordering too often.
There are four main types of inventory: Raw Materials/Components, WIP, Finished Goods, and MRO. One of the most commonly used metrics to measure inventory management performance is "inventory turns". This number is calculated as the ratio of the value of purchased inventory to the value of inventory. The metric inventory turns are intended to measure inventory movements.
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What is the main reason for employing contractionary fiscal policy in a time of strong economic growth?
The main reason for employing contractionary fiscal policy in a time of strong economic growth is to keep prices from rising too much or too rapidly
Fiscal policy is the use of public expenditure and taxation to affect the economy, particularly macroeconomic conditions. These include employment, inflation, economic expansion, and the total demand for goods and services.
The government may reduce tax rates or boost spending during a recession to boost demand and the economy. On the other hand, it can increase rates or reduce spending to slow down the economy in order to battle inflation. Monetary policy, which is implemented by central bankers rather than elected government officials, is sometimes contrasted with fiscal policy.
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To understand the competitive environment of the small car market, including market commonalities and resource similarities, general motors should perform a?
To understand the competitive environment of the small car market, including market commonalities and resource similarities, general motors should perform a moderate competitive environment.
It also include common assumptions on general motors with resource similarities and efficient production with performance of production process. For this one need to learn about different marketing and its environment to prevail.
It also subdues the market conditions with analysing the economies of scale and the commodities present in the market with similarities and diiferences present in the product market.
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How does the amount of energy per second pollux is giving off compare with that of the other four stars you’ve observed? (hip 87937, hip 108870, tau cet, and regulus. )
Luminosity of a Pollux Star the amount of energy per second pollux is giving off compare with that of the other four stars observed. (hip 87937, hip 108870, tau cet, and regulus. )
The brightest star in the Gemini constellation is Pollux. It is known by the Bayer designation Beta Geminorum, which can also be shortened to Beta Gem or Gem.
The closest massive star to the Sun is this orange-hued, evolved giant star, which is 34 light-years away. This star's spectrum has been one of the reliable reference points for other stars' classification since 1943.
Its orbiting by an extrasolar planet, dubbed Pollux b or Geminorum b, which was eventually given the name Thestias, was established in 2006.
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Which section of an unsolicited proposal should restate why you and your firm are the right organization to provide a solution?
Identifying decision-making criteria section of an unsolicited proposal restates the right solution to the organization. A written proposal that is not in response to a request for proposals, a broad agency announcement, or a program research and development announcement is known as an unsolicited proposal.
It is submitted to an agency on the initiative of the offeror with the goal of obtaining a contract with the government. Business proposals fall into three categories that are clearly defined: formally requested formally requested. Unsolicited. In essence, solicited business proposals are written in response to a client's needs, whereas unsolicited proposals are utilized to reach out to potential clients.
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What is the probability that a new college graduate in business will earn a starting salary of at least (to 4 decimals)?
0.2296 is the probability that a new college graduate in business will earn a starting salary of at least (to 4 decimals).
Let X denotes the salary of a new college graduate in business.
P(X > 65,000} = 1− P(X < 65,000)
65111 53901
15011
=1-2
=1-P(x < 0.74)
= 10.7714= 0.2296.
The national average salary for college graduates (overall) has remained constant at about $50,000 to $60,000 for the past several years. Economics, Mathematics, Health Sciences, Engineering, and Computer Science show median annual salaries as high as $52,000 to $71,000 for him.
Specifically, while the median expected salary for a graduate was $60,000, PayScale data shows that a typical graduate with 0-5 years of experience earns $48,400 annually. College students should expect a decent salary after graduation. Ambition is good.
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Which income associated with a factor of production currently comprises the largest proportion of u.s. income as of 2000?
Wages is the income associated with a factor of production currently comprises the largest proportion of u.s. income as of 2000.
A salary is charge made via an agency to an employee for paintings performed in a particular period of time. a few examples of wage payments encompass compensatory bills which include minimum wage, triumphing salary, and every year bonuses, and remunerative payments which include prizes and tip payouts.
Wages and salaries are the fee for paintings agreed between an worker and his or her employer beneath the agreement of employment in the personal quarter and for contractual retailers within the public service, or employment for civil servants.
Wages are compensation for an employee's personal offerings, whether paid via test or cash, or the honest cash value of noncash bills together with food and lodging.
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You have an upstream picking department that feeds two downstream packing departments: pack singles and pack multis. those packing departments feed to a shipping department that loads the outgoing trucks. 30% of your pick volume goes to pack singles and has a packing rate of 171 units per labor hour (uph). 70% of the pick volume goes to pack multis and has a pack rate of 266 units per labor hour. your pickers pick both single and multi items throughout the day at an overall average rate of 114 units per labor hour. all units that are packed in both processes go through the ship process at a rate of 570 units per hour. you have 102 people today for all 4 departments and you absolutely must pack 47,880 units in pack multis items to meet a customer promise metric. the ops manager for the shift started building the plan but was called away. you have to finish it. he correctly allocated labor to the pack singles before he was called away. how do you allocate the remaining labor to balance the flow in your department if you work a 10 hour shift
Those packing departments feed to a shipping department that loads the outgoing trucks.
What is shipping department?a company department in charge of scheduling, receiving, registering, and sending commodities shipments
Shipping specialists are in charge of receiving, tracking, and shipping orders to customers, as well as ensuring that things reach on time and to the correct individual. They also employ radio frequency identification to scan barcodes for accurate and complete inventory recording.
Shippers and receivers transport components, supplies, materials, equipment, and stock to and from a location. Retail and wholesale firms, manufacturing companies, and other commercial or industrial establishments employ them.
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When installing aerial fiber-optic cable employing the back-pull method, how should the cable trailer be positioned in order to keep the cable from rubbing on the pole or cable reel when pulled?
The trailer should be positioned in line with the strand and at least twice the distance from the pole as the height from the ground to the set-up chute.
What part of the cable do you use to pull the fiber cable?
The reinforced yarn fibers inside the outer jacket are what should always be used to pull fiber optic cables. By removing a little section of the jacket with a three-hole cable str!pper, this strength member can be seen.
How is slack in aerial installations of fiber optic cable typically stored?
Slack cable is typically kept in a neighboring subterranean splice vault, a snowshoe-style storage device, or a coil installed on a strand. Using cable ties, fasten the loose cable to the strand. As the cable gets closer to the strand, its minimum bend diameter is required.
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What do economists call the process of transforming inputs, or resources, into marketable outputs?
Production is the process of converting the inputs, or resources, into marketable outputs, as defined by economists. An economist studies how a society's resources and its output or production are related.
The Economists research a variety of social systems, including local communities, entire countries, and even the global economy. An economist is a specialist who investigates the connection between a society's resources and its output.
A wide range economic policies, including interest rates, tax laws, output, the employment programs, the international trade agreements, and company strategy, are shaped in part by the professional judgement and research findings of the economists.
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When purchasing large amounts of light bulbs, which purchase method would an organization most likely use?
When purchasing large amounts of light bulbs, purchase method would an organization most likely use is sampling.
Sampling is that process which is used in statistical analysis in which a predetermined number of observations are taken from a larger population.
This methodology of sampling is used to take sample from a larger population depends on the type of analysis being performed.
It may include simple random sampling or systematic sampling.
Managers within a company may generally use customer sampling to assess the demand for new products or the success of marketing efforts.
The chosen sample should always be a fair representation of the entire population. When taking the sample from the larger population, it is important to consider how the sample is chosen. In order to get a representative sample, it must be drawn randomly and encompass the whole population.
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The stocks of well-known, high quality firms, such as coca-cola, ge and procter & gamble are called ______ stocks.
The answer is blue chip stocks.
Blue chip stocks are the shares of highly large and well-known corporations having a lengthy track record of profitable financial performance. These stocks are noted for their ability to withstand difficult market situations while providing strong returns in favorable market conditions.
In 1923, Dow Jones employee Oliver Gingold invented the nickname "Blue Chip." This word became popular after Gingold witnessed many stocks trading at $200 or more per share while standing near the stock ticker at a brokerage business. He referred to them as "Blue Chip Stocks" and published an essay on them.
Therefore, they are called blue chip stocks.
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Produced goods used as inputs for the production of other goods comprise the resource known as
a. capital natural
b. resources
c. entrepreneurship
d. services
Answer is capital.
Firms and organizations use the assets at their disposal to produce commodities and services. These assets, also known as resources, are employed by the businesses to convert an input into a finished output. The availability of resources is critical for a firm to create enough production and profit. Input shortages may result in lower output production.
Capital goods are tangible assets that a firm employs in the manufacturing process to create items and services that consumers will use in the future. Buildings, the machinery, the equipment, vehicles, and the tools are examples of the capital goods. Capital goods are not finished goods, instead, they are used to make the finished goods.
Therefore, the answer is capital.
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Herald company had sales of $137,000, sales discounts of $2,050, and sales returns of $3,290. Herald company's net sales equals?
Herald company had sales of $137,000, sales discounts of $2,050, and sales returns of $3,290. Herald company's net sales equals
135000 - 2000 - 3200 = $129800
The total of a company's net sales is its gross sales less any returns, allowances, and discounts. Externally, net sales calculations are not always obvious. They can often be considered into the reporting of top line revenues reported on the income statement.
Companies can not be very open with the public about their net sales. Because of the various factors that go into its calculation, net sales could not apply to every business and industry. Gross revenue less any relevant sales returns, allowances, and discounts results in net sales.
Gross profit and gross profit margin will be impacted by costs related to net sales, however net sales do not take into account cost of goods sold, which is typically the main factor influencing gross profit margins.
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Marcellos pizza charges a base price of $13 for a large pizza, a 4-dollar delivery fee,plus $1. 50 for each additional toppinga. find a function that models the price of pizza with n toppings.
The function models the price of pizza with n toppings.
a) p=13+1.5n
b) n=(p-13)/1.5
c)The number of topping on pizza that cost p dollar.
d)n=(22-13)/1.5=6 i.e number of topping is 6.
A price is the amount of payment or compensation (usually non-negative) that one party gives to another party in exchange for goods or services. In some cases, the production price is given another name. If the product is a commercial "commodity", the payment for that product may be referred to as the "price". However, if the product is a "service", the product may have other names.
For example, the following diagram shows some situations. Commodity prices are affected by production costs, supply of desired items, and demand for products. Prices are either set by the monopoly or imposed on the company by market conditions. Other methods of estimating prices are common in many financial transactions.
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Excluding discouraged workers from the official unemployment rate may cause the official rate to the true extent of underemployment.
Excluding discouraged workers from the official unemployment rate may cause the official rate to Understate the true extent of underemployment.
What happens when they are reclassified as discouraged workers?
The measured unemployment rate will decrease if unemployed people give up.When this occurs, the measured unemployment rate will momentarily increase. They will once more be listed as unemployed, which is why.Because there are no discouraged employees in the labor market actively looking for a job, the labor force participation rate would fall if employed people were reclassified as discouraged workers.(1) official unemployment rate= unemployed/(employed + unemployed)
= 6197000 / 155604000 + 6197000 * 100
= 3.83%
(2) U-4 unemployment rate= (unemployed +discouraged) /(employed +unemployed+ discouraged)
=6197000+ 434000 / 155604000+ 6197000 + 434000 * 100
= 4.09%
Excluding discouraged workers from the official unemployment rate may cause the official rate to Understate the true extent of underemployment.
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The change in a firm's total cost from producing one more unit of a good or service is:______
The change in a firm's total cost from producing one more unit of a good or service is marginal cost.
In economics, the marginal cost is the exchange in general production price that comes from making or producing one additional unit. To calculate marginal cost, divide the trade in production fees by means of the alternate amount.
The cause of studying marginal cost is to decide at what factor a company can achieve economies of scale to optimize production and average operations. If the marginal cost of producing one extra unit is lower than the in keeping with-unit fee, the manufacturer has the capacity to advantage earnings.
Change in total value = total value of production including extra unit – total value of production of a normal unit. change in quantity = total amount product including additional unit – total quantity product of normal unit.
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The ____ of the characteristic line of a stock's returns versus those of the market measures the stock's systematic risk
The slope of the characteristic line of a stock's returns versus those of the market measures the stock's systematic risk.
When the price is $8 a ticket the price elasticity of demand for movie tickets is:________.
The percentage change in quantity required divided by the percentage change in price, which is 100, is known as the price elasticity of demand. percent divided by÷24
percent = 4.
How is Price Elasticity of Demand is calculated?
By considering the percentage change in price as a percentage of the midpoint and the percentage change in quantity demanded as a percentage of the midpoint, the price elasticity of demand is determined.
What are the 4 types of elasticity of demand?
Price elasticity of demand, cross elasticity of demand, income elasticity of demand, and advertising elasticity of demand are the four primary types of elasticity of demand.
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In the united states, approximately __________ of all women are working at least part time in the paid labor force.
In the United States, approximately 54.4 percent of all women are working at least part time in the paid labor force.
In the United States, out of the 120 million women 59% are either working or looking for work. Women between the ages 35 to 44 are more likely to be working. This may be partly due to the fact that mothers are more likely to participate in the paid labor workforce as their children get older.
Women's labor force participation in the United States, which was at a rate of 33.9% in 1950, increased significantly during the 1970s and 80s, and during 1999, the women's participation rate reached a peak of 60 percent.
Hence, this way the participation of women in the labor force has been increasing in coming years.
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How is the income statement of a merchandising company different from that of a service company?.
Income statements for each class of firm vary in several methods, such as the classes of gains and losses experienced, cost of goods sold, and net revenue.
What is merchandising company?A merchandising business buys tangible goods and resells them to customers. These businesses incur costs, such as labor and materials, to demonstrate and sell products. Retail and wholesale companies stand as the two kinds of merchandising companies. A merchandising company confronts the purchase and resale of tangible goods. Service companies mainly sell services rather than tangible goods. Income statements for each kind of firm change in several ways, such as the kinds of gains and losses experienced, cost of goods sold, and net revenue.
An income statement stands as one of the most familiar, and critical, financial statements you're probably to encounter. Also understood as profit and loss (P&L) statements, income statements outline all income and expenses over a given period, including the cumulative consequence of revenue, gain, expense, and loss transactions.
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An accounting system that measures the lifetime tax burden and benefits of each generation is called ____
An accounting system that measures the lifetime tax burden and benefits of each generation is called Generational accounting.
Generational accounting is that method of measuring the fiscal burdens in which the current and future generations are faced.
Generational accounting also considers how much a single adult generation, when taken on a per person basis, is likely to pay in future taxes in the net of transfer payments, over the rest of their lives.
Generational accounting is also considered as a method of long-term fiscal analysis which has been developed over the past decade by Laurence Kotlikoff , Jagadeesh Gokhale, Alan Auerbach and their associates in this country and also around the world.
Generational accounting is used to assess the sustainability of fiscal policy and the fiscal burdens which faces the past, current, and future generations.
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A foreign automaker that assembles its cars in the United States purchases its airbags from a Southeast Asian company. The supplier sends the goods via ship, with the Port of Los Angeles as its destination. From there, the airbags are shipped via rail to Chicago, Illinois, where they are loaded onto a truck for their final destination to the assembly plant in a small town in Indiana. The automaker uses __________ shipping to transport its goods.
The automaker uses an intermodal shipping to transport its goods such as onto a truck for their final destination to the assembly plant in a small town in Indiana.
What is an intermodal shipping?Also known as intermodal transportation, it refers to the movement of freight by two or more modes of transportation either by loading cargo into intermodal containers or shipments to move seamlessly between trucks, trains and cargo ships.
The most common instances of an intermodal transportation is rail transport which helps to transports passengers and goods using trains or trucks.
Also, the shipping transportation is also a popular form of an intermodal transportation because of its freight deliveries.
Hence, the automaker uses an intermodal shipping to transport its goods such as onto a truck for their final destination to the assembly plant in a small town in Indiana.
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What is the scientific process of transforming data into insight for making better decisions?
a) business facts
b) business analytics
c) business knowledge
d) business intelligence
Business Analytics is the scientific process of transforming data into insight for making better decisions.
What is Business Analytics?Business Analytics is the process whereby businesses use statistical methods and technologies for analyzing data to aid decision making.
The goal of business analytics are:
To determine which datasets are useful and how they can be leveraged to solve problems.To increase efficiency, productivity and revenue.Here are the three stages of business analytics:
Descriptive Analytics: An application of a prime statistical technique that explains what a dataset contains, the main two techniques used are data aggregation and data mining that signify this method is used for understanding the elemental behavior and not to make predictions. Predictive Analytics: An advanced statistical application or a research method to figure out predictive variables and make predictive models determining patterns and relationships among variables.Prescriptive Analytics: An application of decision system, management science and operation research methodologies to conduct appropriate use of admissible resources.Therefore, (B) business analytics is the scientific process of transforming data into insight for making better decisions.
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