$3600 is the amount of inventory purchased during the current year, by gomez co.
What is Inventory purchase ?
Although buying inventory is a crucial element of running your business, how you go about it will determine how easily and profitably it operates. Setting the right inventory levels is a delicate balancing act that allows production to run smoothly and fulfill demand while avoiding excesses that can rot or languish on your shelves.
In some businesses, the items may be kept on the shelves and still be sold, despite the expense of storage. Others, like clothing or furniture, must be reduced since they soon become out of date. Contrarily, perishable goods must be sold while they are still fresh. Your ability to store raw materials or completed goods has a big impact on how you buy inventories.
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define what liquidity means by completing the following sentence. liquidity refers to a company's ability to pay for its (near/long) -term obligations.
Liquidity is the simplicity with which money can be raised to cover short-term liabilities like bills.
Stocks and bonds are examples of liquid assets since they are easily sold (although cash is, of course, the most liquid asset of all). A business needs to have enough cash on hand to pay all of its bills, pay its suppliers, pay its employees, and conduct its daily business. In the event of an emergency or other monetary setback, you have access to liquidity in the form of your emergency savings account or the cash you have on hand. Additionally, having liquidity is important since it enables you to take risks.
When wonderful possibilities present themselves, it will be easier for you to pass them up if you have access to money and resources. Liquid assets include cash, savings accounts, and checkable accounts since they can easily be changed into cash when needed.
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why are marginal revenue and price equal for competitive firms? price equals marginal revenue because price is constant for all levels of output. price must decrease as quantity increases. price is the same as total revenue. the demand curve is upward sloping.
Marginal revenue equals price and average revenue for a perfectly competitive business. This suggests that the firm's short-run supply curve for values greater than average variable cost is its marginal cost curve.
The business closes down if the price falls below the average variable cost.
How Does Marginal Revenue Work?
Marginal revenue is the additional revenue generated by selling one more output unit. The law of diminishing returns dictates that marginal revenue can remain constant over a certain output level, but it will eventually slow as output rises. Perfectly competitive businesses, according to economic theory, continue producing goods until marginal cost equals marginal revenue.
Marginal Revenue is the difference between the change in revenue and the change in quantity.
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would the u.s. economy be better off without government intervention in agriculture? who would benefit? who would lose?
The agriculture sector is complicated since it consists of privatised farms that follow rules and procedures that virtually qualify them as public goods. The question of whether the government ought to get more involved in the agriculture sector is still up for discussion.
Except for just ensuring that farms are employing safe procedures to cultivate their food, the United States would be better off without any government involvement in agriculture. In other words, the government would keep an eye out to make sure farmers weren't using banned items, pesticides, or grazing animals that would transmit illness. However, when the government intervenes in any sector of the private sector, sets pricing, or acquires a share in any property or resource that has been privatized, it greatly dilutes its influence, and the overall effectiveness and quality of the end result typically suffer.
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Company sold inventory with a selling price of to customers for cash. It also colected sales taxes of. The journal entry to record this information includes a.
When the products are sold to the final buyer, the associated sales taxes should be deducted from the cost of inventory and recorded as an expense. The balance sheet shows the cost of inventory.
If you treat inventory as non-incidental materials and supplies, you can write off the cost of the item when it is used or consumed, not when you purchased it. The reverse of incidental materials and supplies is that you can quickly write everything off.
You give the completed
You subtract cost of commodities sold and credit the inventory of finished items. By doing this, the items are moved from inventory to costs. You would record a bookkeeping entry for a cash transaction and credit the sales revenue account for the sale when you sell the $100 item for cash.
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xerox pioneered the first portable fax machine in 1980 with a high introductory price of $12,700. xerox used a(n)
Skimming is the term for taking a sizable portion of anything out. In terms of pricing strategy, skimming is the practice of charging a high price upfront before competitors enter the market in order to get the lion’s share of industry earnings.
When a business introduces a brand-new, technologically advanced product, this price model is typically used in the early stages. Therefore, the business has already generated a sizable portion of its income and recouped its product expenditures by the time competitors enter the market.The instance presented here serves as an example of this pricing approach used by Xerox, which charged an outrageous price at first for its newly introduced, ground-breaking fax machine.Consequently, by using a skimming pricing technique, Xerox was able to recoup a significant amount of its.It is safe to assume, based on the information supplied, that Xerox used a skimming pricing technique when setting the price at $12,700.With this pricing strategy.
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How many more monthly payments are made for a five-year loan than for a two-year loan?.
Answer:
36
Explanation:
you find a zero coupon bond with a par value of $10,000 and 20 years to maturity. the yield to maturity on this bond is 4.2 percent. assume semiannual compounding periods. what is the dollar price of the bond?
Thus the dollar price of the bond is $4,355
What does it mean to have a bond with no coupons?No interest is paid over the course of a bond having a zero coupon rate. Instead, buyers of zero-coupon bonds make their purchases at a significant discount to the bond's face value, which is the sum they will get when it "matures" or becomes due. With mature length, the price sensitivity rises.
Therefore, if you want to bet on interest rates moving in a certain direction, zero coupon bonds are your best choice to maximize profit from any rate movement. Zero-coupon bonds can be secured or unsecured. They are issued at a material discount to face value due to the fact that they pay all interest at maturity and make no interim payments.
Given,
The Zero coupon bond with par value = $10,000
The maturity time period (in years) = 20 years
The yield to maturity (YTM) (in percentage) = 4.2% = 0.042
The value of the bond = par value/ (1+YTM÷2)^(Maturity period)
= 10000 / (1+0.042÷2)²⁰
= 10000 /(1+0.021)²⁰
PV (price of the bond)= $4,355
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more than half of the ads for wheel of fortune, a game show that is offered to local stations for free or a reduced rate, are presold to national advertisers. which term best describes this situation?
In addition, radio is a low-cost medium, especially when compared to television. Advertisers can frequently communicate with customers through radio without spending all of their budget on more expensive advertisements.
What is it called when viewers switch channels to avoid commercials?Various uses of the term "zapping" include "channel switching" (Kaplan, 1985), "muting of commercials while on the air," and "fast forwarding of video-taped commercials" (e.g., Tauber, 1985).
For what reason does television play similar ads again and again?He stated, "The rationalization is that in a media landscape that is cluttered with quick cuts, playbacks, and other commercials, all of them aim to get our attention."A good thing is that the same spot always runs. This provides continuity.
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louvers, incorporated, accepted a $15,000, 180-day, 10 percent note from a customer on may 31. louvers plans to prepare financial statements as of june 30, the end of its fiscal year. prepare the necessary june 30 adjusting entry for louvers by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns
The interest of $750 (computed as $15,000 × 10% × 180/360) is due at maturity. Between June 30 and November 27, a total of 150 days passed.
The November 27 entry has a debit to Cash for $15,750 (computed as $15,000 + $750),a credit to Interest Revenue for $625 (computed as $15,000 × 10% × 150/360), a credit to Interest Receivable for $125, and a credit to Notes Receivable for $15,000 (the principal).
In finance and economics, interest is the payment by the borrower or deposit-taking financial institution to the lender or depositor of an amount in excess of the repayment of the principal at a specified rate. It is different from a fee that a borrower can pay to a lender or a third party. Interest is earned by the lender on the use of the funds or paid by the borrower on the use of those funds.
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the currency traders who seek to minimize their risk of exchange-rate fluctuations, often by entering into forward contracts or similar financial instruments are called .
Hedgers are currency traders who attempt to reduce their exposure to exchange-rate fluctuations, frequently through the use of forward contracts or other financial instruments.
A fund or person who hedges is called a hedger. A hedge is something that guards against potential financial losses. There are numerous financial instruments products available to help protect against any kind of monetary loss.
For instance, a fund can buy commodities like gold to protect itself Hedgers against inflation, which will depreciate the value of its cash financial instruments holdings. Gold is regarded as a natural inflation hedge for this reason. Hedgers are currency traders who attempt to reduce their exposure to exchange-rate fluctuations, frequently through the use of forward contracts or other financial instruments.
In essence, a hedge is a protection tool, and a hedge is a person who Hedgers employs such tools. Another classification of hedge is insurance.
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a firm offers a packed lunch box group discount for orders exceeding 15. two firms are taking advantage of this offer. sales to company a averages $15, 000 of annual sales, has a 22% profit margin and an expected lifetime of 8 years. company b averages $11, 000 of annual sales, has a 25% profit margin and an expected lifetime of 90 years. which is the more important customer based on the higher expected lifetime value? assume a 7% discount rate.
The most valuable customer is A because it's NPV value is $ 17916.89
What do you mean by NPV?
Net present value can be defined as the difference between the present value of cash inflows and the present value of cash outflows over a period of time. An NPV is considered as “good” if it is greater than zero.
In this case NPV of company A is
Profit per year = 22% x $ 15,000
=$ 3,300
Lifetime. = 8 years
NPV. = 3300/1.07 + 33/ (1.07 x 1.07)....
….. + 3300 / (1.07)8
= $19705. 28
NPV of company B. =
Profit per year = 25% of 11,000
= $ 2750
Lifetime. = 9 years
NPV. = 2750 / 1.07 +....... + 2750 /(1.07)9
= $ 17916.89
By analysing both cases we can find out that company A has more value because of its higher NPV.
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the oldest anti-fraud law, which is to be addressed in a healthcare corporate compliance program, is the:
The Medicaid Integrity Program is created in accordance with the oldest anti-fraud statute, which must be handled in a corporate compliance program for the healthcare industry.
Who founded the Medicaid Integrity Program?The Medicaid Integrity Program (MIP), which was established under section 1936 of the Social Security Act (the Act) by the Deficit Reduction Act of 2005, significantly expanded the federal government's involvement and duty in the fight against Medicaid fraud, waste, and abuse.The Medicaid Integrity Program of the Centers for Medicare & Medicaid Services has been working with states since 2006 to advance best practices and knowledge of Medicaid and Children's Health Insurance Program (CHIP) fraud, waste, and abuse.Program integrity actions are designed to make sure that money from federal and state tax payers is used effectively to provide high-quality, essential care while avoiding fraud, waste, and abuse.To learn more about Medicaid Integrity Program refer to:
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what method of handling conflict uses an independent third party and avoids the costs of litigation and unilateral decision making?
Alternative dispute resolution is the method of handling conflict uses an independent third party and avoids the costs of litigation and unilateral decision making.
What do you mean cost?A cost is the value of money that's been used to create something or deliver a service and is now unavailable for use in manufacture, doing research, selling it to consumers, and preserving bank documents. When calculating a purchase price, the sum of the acquisition's costs is taken into account.
What are cost examples?Raw materials, personnel, and other output expenditures such as distribution charges are all called strategic costs. It is simple to link the expense to a specific project, division, or product.
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use the data in the table to answer the question. labor force unemployed frictional structural cyclical 260,000 44,000 23,000 12,000 9,000 calculate the natural rate of unemployment. enter your answer as a percentage rounded to two decimal places.
33.85% natural unemployment rate The frictional and structural unemployment in the economy are added to determine the natural rate of unemployment.
Natural unemployment rate
23, 000+44,000+9000 + 12, 000/260,000
88000/260, 000
0.3385
0.3385× 100 .
33.85
33.85% natural unemployment rate
The level of output in this economy is not at full employment.
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production part approval process (ppap) is group of answer choices a milestone of the apqp process a snapshot in time statement of conformance statement of acceptance all of the above
Production part approval process (ppap) milestone of the apqp process a snapshot in time statement. The Production Part Approval Process (PPAP) is a standardized process in the automotive and aerospace sectors that assists manufacturers.
Suppliers in communicating and approving production designs and processes prior to, during, and after manufacturing. PPAP is a byproduct of APQP. The goal of any Production Part Approval Process (PPAP) is to ensure that a supplier can meet the customer's manufacturability and quality statement. PPAPs are the responsibility of suppliers, not customers. This means that a supplier must maintain a quality system that documents all of the requirements of a PPAP submission.
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in 2007, (nominal) interest rates were about 4.5% and inflation was about 2.8%. what was the real interest rate in 2007? group of answer choices
The real interest rate in 2007 is 1.045 / 1.028 = 1.0165; real rate = 1.65%
Interest is the price from a borrower or deposit-taking economic group to a lender or depositor of an amount above reimbursement of the foremost sum (this is, the quantity borrowed), at a particular rate.[1] it is wonderful from a rate which the borrower may also pay the lender or a few third parties. it's also awesome from dividend which is paid through a corporation to its shareholders (proprietors) from its profit or reserve, but not at a particular price determined in advance, as a substitute on a pro-rata foundation as a percentage inside the reward won by way of chance taking marketers while the revenue earned exceeds the whole expenses.
For instance, a client might generally pay hobby to borrow from a bank, so that they pay the bank a quantity that's extra than the quantity they borrowed; or a patron may additionally earn interest on their financial savings, and so they'll withdraw extra than they in the beginning deposit. On their financial savings, and so they'll withdraw extra than they in the beginning deposit.
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numerous environmental laws and regulations have recently changed. senior management has asked the chief audit executive to perform an environmental audit to be completed as soon as possible. the internal audit activity currently is performing an operational audit. as a result, the chief audit executive must make difficult decisions about resource allocation. which of the following is the least significant issue in determining whether to reallocate audit resources? the results from the prior financial audits. the potential fraud discovered during the operational audit. potential cost to the organization for noncompliance with the new environmental laws and regulations. the knowledge, skills, and competencies of the internal audit staff.
The least significant issue is the results from the prior financial audits in determining whether to reallocate audit resources.
Allocation of resources is done by the internal auditors after analyzing and determining the availability of resources in order to establish the engagement objectives in the environmental audits. There are certain factors that need to be considered in the allocation process:
Full information regarding both ongoing audits and new engagements.The consequences of not completing either engagement within a time limit.The knowledge, skills, and competencies regarding allocating resources and precision work of the internal audit staff with due professional care.Knowing prior audit details is irrelevant and least significant in determining of reallocation of resources.
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what are the names of manufacturers of heels with a list price of $50 or more? only show manufacturer names.
The names of many manufacturers of heels with a list price of $50 or more. Here are some of the names of the manufacturers include:
Jimmy ChooPradaChristian LouboutinAlexander McQueenGucciValentino.Louis VuittonMiu MiuThese are some of the most expensive heels brands of all time. Even though effortlessly these are the honored in heels, predictably many of the brands are from the supreme luxury manufacturers in the world, this list can be random given that each year, there is a fashion house that will release a pricey pair of heels that tries to outdo the other fashion houses in expensive heels.
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a loan with borrow options that can be long term with periodic adjustments or short term with more frequent adjustments to the rate is a(n) mortgage.
A (n) renegotiable rate mortgage is a loan with borrow options that can be short-term with more frequent rate adjustments or long-term with periodic adjustments.
What is a mortgage with a balloon rate?At the end of the loan term, a balloon payment is a one-time payment that is larger than usual.If you have a mortgage with a balloon payment, you might pay less in the years before the balloon payment is due, but you might end up with a large balance at the end of the loan.
What kind of loan has a variable interest rate over the course of its term?A loan with a fixed rate has an interest rate that stays the same throughout the borrowing period, whereas a loan with a variable rate has an interest rate that fluctuates over time. Fixed rate loans, whose costs will never change, are typically preferred by borrowers who value predictability in their payments.
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your company will generate $77,000 in annual revenue each year for the next seven years from a new information database. if the appropriate discount rate is 6.75 percent, what is the present value? (
The interest rate that the Federal Reserve charges banks for short-term loans is referred to as the discount rate, but the rate used to discount future cash flows in discounted cash flow (DCF) analysis is referred to as the discount rate.
The rate employed in discounted cash flow analysis to calculate the present value of future cash flows is sometimes referred to as the discount rate.
Year 1 / ( 1 + r )n Discounting at 6.75% (B)
1 1/(1.0675) 0.937
2 1/(1.0675*1.0675) 0.878
3 1/(1.0675*1.0675*1.0675) 0.822
4 1/(1.0675*1.0675*1.0675*1.0675) 0.770
5 1/(1.0675*1.0675*1.0675*1.0675*1.0675) 0.721
6 1/(1.0675*1.0675*1.0675*1.0675*1.0675*1.0675) 0.676
7 1/(1.0675*1.0675*1.0675*1.0675*1.0675*1.0675*1.0675) 0.633
Discount lending is a crucial tool of monetary policy in the banking industry and is a component of the Fed's role as the lender of last resort. If the compounding is to be done every six months, figure out the discount rate.
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The management function that involves creating a vision for the organization, communicating it to others, and motivating them to achieve goals is?.
The management function that involves creating a vision for the organization, communicating it to others, and motivating them to achieve goals is leading.
Leading can be described as the ability of a management head to power his employees to work towards the goals set in the objectives of a company.
Leading is an important aspect of management where the leader set clear goals for a company, is able to express these goals to the employees of the company, and motivates them to work harder for achieving these goals.
Leading also involved the ability of a manager to strategize and assess the proceedings and work of employers of the company.
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am's boss asked him to compile sales figures for the past three years, william pulled together the information and turned it over to his boss. after several days of not getting any feedback from his boss, william worried that he hadn't done a good job in presenting the information. william is demonstrating:
After several days of not getting any feedback from his boss, William worried that he hadn't done a good job of presenting the information. William is demonstrating low self-esteem.
For an organization to have success and recognization diversity and inclusion are quite important. To recognize an individual, value an individual, respect individuality, and furthermore, make use of the different perspectives make an organization head towards prosperity and success. Organizations make this possible by embracing diversity, introducing new opportunities, and encouraging employees to participate further.
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retained earnings of $100,000 represent a corporation's cumulative earnings blank and is shown on the blank . multiple choice question. declared; statement of retained earnings and income statement in cash; balance sheet not paid out by dividends; balance sheet and statement of retained earnings
Balance sheet and statement of retained earnings.
What is Balance sheet ?In accounting, a balance sheet refers to the summary of the financial balance of an individual or organization, whether it is a sole proprietorship, partnership, corporation, limited liability company, or other organization such as a government or non-profit organization. First, assets, liabilities, and equity are listed as of a particular date (such as the end of the fiscal year). A balance sheet is often referred to as a "snapshot of a company's financial position." Of the four basic financial statements, the balance sheet is the only financial statement that relates to a specific point in the company's calendar year. A typical corporate balance sheet has two pages. Assets on the left and Funding on the right. debt and equity. The major categories of assets are usually listed first, usually in order of liquidity. Assets are followed by liabilities. The difference between assets and liabilities is called the company's equity or net worth or net worth or equity, and according to the accounting equation, net worth should be equal to assets minus liabilities.To learn more about Balance sheet from the given link :
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a customer complained about the new toaster she had purchased because, even on the lowest setting, it burned the toast. this kind of complaint is caused by the
This kind of complaint by a customer is caused by the manufacturer.
Who is a customer?A customer is the recipient of a good, service, product, or idea in sales, commerce, or economics that they have purchased from a seller, vendor, or supplier in exchange for money or another valuable consideration. The gift economy based on favors was a mainstay of early societies. Later, as commerce grew, less long-lasting human relationships were created, relying more on momentary needs than on enduring social desires. Customers are typically defined as those who purchase goods and services, whereas clients are those who receive individualized guidance and assistance. While grocery stores, banks, and restaurants tend to prefer customers over clients, businesses like law firms, movie studios, and health care providers tend to prefer clients despite the fact that these distinctions have no contemporary semantic significance.
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what explanation best characterizes post-scarcity economics? a. technological advancements such as robotics measn that people are free to prusue their hobbies. b. increasing wealth has satisfied material needs, so aesthetic needs become more prominent. c. humans have perfected the fundamental mechanism of the economy so that only individual drive determines one's success. d. a surplus of wealth leads to a willingness to a more equitable distribution of that wealth.
The explanation that best characterizes post-scarcity economics is option A. technological advancements such as robotics means that people are free to pursue their hobbies.
The increasing automation of physical labour by robots in the more immediate future is frequently proposed as a way to create a post-scarcity economy. Given the right instructions, the required raw materials, and the appropriate energy, these shapes open the door to the possibility of systems that can mechanically make any specified commodities. Thus, option A proves to be the right choice.
In a hypothetical post-scarcity economy, the majority of commodities can be produced in vast quantity with little human effort required, making them widely accessible to everyone for very low prices or even for free.
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the general services administration (gsa) is a central management agency of the u.s. federal government that:
The general services administration (GSA) is a central management agency of the U.S. federal government that aids in overseeing and supporting the fundamental operations of federal agencies.
The General Services Administration (GSA) is an independent department of the US government that was created in 1949 to support and oversee the fundamental operations of federal agencies. GSA sets government-wide cost-minimizing policies, provides transit and office space for federal employees, supplies goods and telecommunications for U.S. government offices and performs other management duties.
The GSA manages the International Trade Center in Washington, D.C. The Federal Acquisition Service and the Public Buildings Service are among GSA's business units. The Procurement G6 is an informal body that oversees the use of framework agreements and e-procurement tools in public procurement, and the GSA is its member.
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if natural monopolists were required to charge a price equal to marginal cost they would selected answer: incorrecta. maximize profits answers: a. maximize profits b. minimize costs correctc. lose money d. all of the above e. none of the above
The apt response is choice (B). Natural monopolists would increase earnings if they were forced to charge a price that was equal to their marginal costs.
What takes place in a monopoly when the price and the marginal cost are equal?Price and marginal cost are identical in a market with perfect competition, and businesses make no economic profit. In a monopoly, the price is set above the marginal cost, and the company makes a profit. In an equilibrium when perfect competition prevails, a good's supply and price are both economically efficient.
The first is that setting a price equal to marginal cost means that the price is less than average cost, which means that the firm will lose money because a natural monopoly has a constant marginal cost that is less than average cost. Unless the government provided financial support, the company would then leave the sector.
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true or false: there are only two basic types of businesses: service businesses and manufacturing businesses.
There are only two basic types of businesses: service businesses and manufacturing businesses, it is false.
What are two basic types of businesses?The following are the two basic types of businesses:
Sole proprietorship - A sole proprietorship, also known as a sole tradership, individual entrepreneurship, or proprietorship, is a form of business owned and operated by a single person with no legal distinction between the owner and the business organization. A solo trader may not always work alone and may hire others.Partnerships - A partnership is an agreement in which two or more people, known as business partners, agree to work together to further their shared interests. Individuals, businesses, interest-based organizations, schools, governments, or combinations can form partnerships.To learn more about businesses, click
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which of the following are responsibilities of order getters? (check all that apply.) multiple select question. informing customers about new goods and promoting them to all channel members completing sales transactions finding new business opportunities establishing relationships with new customers
Order getter should informing customers about new goods and promoting. Also finding new business opportunities establishing relationships with new customers.
Who are Order getter ?Order getter is a salesperson who actively attempts to persuade consumers to purchase rather than only taking orders that the customers voluntarily place.Order-getters include, for instance: Account executives: A salesperson tasked with managing a client relationship is known as an account manager. They frequently maintain ongoing relationships with their customers, which leads to numerous sales over time.A company's sales teams are made up of varied individuals who each bring special talents to the table. Your sales skills can be improved by utilising a variety of techniques, and the best technique to use will depend on your selling style, product, and industry.Order takers rely on the consumer to make their own purchasing decisions. Order takers get to know their clients and have an impact on their purchasing decisions. Building trust with your potential buyer should take up the majority of your effort when you're trying to sell something.To learn more about Order getter refer :
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9) suppose you own a house that you are renting out to a group of college students for the 10-month academic year. you are charging $1,000 per month in rent. you will collect the first rent payment today and then on the first of the month each month thereafter. what is the value of this investment opportunity to you today if you could reinvest your income at an annualized rate of 6%?
Answer: $9779.06
Explanation:
Given,Period = 10 months Rent = $1000 per monthSince, rent is received on 1st day of the month, total number of future cashflows is 9 months. Rate of interest = 6% annual, therefore, interest per month = 6%/12months = 0.5%Present Value of Future Cashflows = Cashflow x PVIFA (Rate of Interest, Period)= $1000 × PVIFA (0.5%, 9)=$1000 × 8.77906= $8779.06Value of Investment = present value of future cashflows + rent received today = $8779.06 + 1000= $9779.06