The cost of goods sold formula is Starting inventory plus purchases minus ending inventory which is equal to the cost of goods sold. In this case, the cost of goods sold is equal to $32,500.
What is Cold of good sold?The cost of goods sold (COGS) is actually the price of manufacturing the products an agency then sells. In the case of physical goods, it usually consists of the cost of current stock plus any associated substances and direct labor prices incurred over the year.
The cost of goods sold formula is:
Starting inventory + purchases − ending inventory = cost of goods sold.
As per the given information,
beginning inventory - $20,000
purchases - $15,000
ending inventory - $2,500
[tex]\rm\,Cost \,of\, goods \,sold = \$20,000 + \$15,000 - \$2,500\\\\\rm\,Cost \,of\, goods \,sold = \$32,500[/tex]
hence, the cost of goods sold is equal to $32,500.
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Which statement about free on-line translation is true?
A: You are allowed to use free on-line transition software at your discretion
B: You are only allowed to use free on-line translation software if it is for a short, simple project
C: Bon Secours Mercy Health's policy is to never use free on-line translation software
The statement about free on-line translation that is true is that C. Bon Secours Mercy Health's policy is to never use free on-line translation software.
What is translation?It should be noted that translation simply means changing the form of a language to another form.
In this case, the statement about free on-line translation that is true is that Bon Secours Mercy Health's policy is to never use free on-line translation software.
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I'LL MARK BRAINLIEST PLEASE ANSWER FAST (14 POINTS)
To achieve your overall vision of your life, you’re going to have to piece together a lot of _____________ and effort.
A. different parts of your life
B. memories
C. different goals
D. different regrets
Answer:
The answer is B :)
Explanation:
In a two-player, one-shot simultaneous-move game each player can choose strategy A or strategy B. If both players choose strategy A, each earns a payoff of 500. If both players choose strategy B, each earns a payoff of 100. If player 1 chooses strategy A and player 2 chooses strategy B, then player 1 earns 0 and player 2 earns 650. If player 1 chooses strategy B and player 2 chooses strategy A, then player 1 earns 650 and player 2 earns 0.
a) Write the above game in normal form.
b) Find each player’s dominant strategy, if it exists.
c) Find the Nash equilibrium (or equilibria) of this game.
d) Rank strategy pairs by aggregate payoff (highest to lowest).
e) Can the outcome with the highest aggregate payoff be sustained in equilibrium? Why or why not?
Answer:
a) The normal-form game with the two-player, one-shot, simultaneous–move game with each player choosing strategy A or strategy B along with the possible outcome is given by: (see attached image)
b) Dominant strategy is the strategy of a player which provides maximum payoff to the player irrespective of other player's actions.
Player 1 dominant strategy = when he chooses strategy B
Player 2 dominant strategy = when he chooses strategy B
c) Nash equilibrium is the strategy set of the players in which no individual player can be better off by deviating from their own strategy, given the other player's strategy.
Strategy A is the Nash equilibrium
d) AA = $800
AB , BA = $700
BB = $400
e) Yes because the Nash equilibrium is the same as the highest ranking strategy pair (AA = $800)
The United States has laws meant to stop any one company from dominating
an entire industry. If a company gets to be too large and powerful, it is
possible for the government to force it to break into several smaller
companies.
This situation is an example of which characteristic of the U.S. economy?
A. Limiting the role of government
B. Motivating businesses to maximize profits
C. Promoting competition
D. Prioritizing individual freedom
Answer:
D. Prioritizing individual freedom is the answer.
Explanation:
how to calculate a trial balance
Answer:
Here is the answer
hope it helps u
Please mark As Brainliest
( ^_^ ) BTS ARMY GIRL ( 방탄소년단 )Why do economists pay attention to the balance of trade?
Economists use the BOT to analyze and measure the relative power of a country's economy. Hence, Economists pay special attention to the Balance of Trade.
Why is a balance of trade vital to the economy?The Balance of trade plays a significant role in the calculation of the Gross Domestic Product of a country. As a part of GDP calculations, exports are brought and imports are subtracted from the total.
The more the change surplus, the more the GDP of a country.
Therefore, Economists use the BOT to analyze and measure the relative power of a country's economy. Hence, Economists pay special attention to the Balance of Trade.
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On July 1, Aloha Co. exercises a call option that requires Aloha to pay $408,000 for its outstanding bonds that have a carrying value of $416,000 and a par value of $400,000. The company exercises the call option after the semiannual interest is paid the day before on June 30. Record the entry to retire the bonds.
The journal entry for the retirement of bonds will affect a debit to Bonds Payable and Premium on bonds payable accounts for an amount of $400,000 and $12,000 respectively; and a credit in the balances of Cash and Gain on retirement of bonds accounts for a sum of $408,000 and $4,000 respectively.
What is journal entry?The systematic manner of record-keeping of financial transactions in a business in the chronological order of their occurrence is known as a journal entry. A journal entry has an equal amount of debit and credit effects.
Hence, the significance of a journal entry has been aforementioned.
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reason why depreciation amount does not include in the receipts
and payments account.
Answer:
Items such as depreciation, outstanding expenses, accrued income etc. are not shown in receipt and payment account because it is a real account. Only cash transactions are recorded in receipt and payment account.
6) For which of the following should you save?
A) Purchases
C) Emergency fund
B) Wealth building
D) All of the above
Answer:
D). All of the above
Which asset is the most liquid?
A. A certificate of deposit
B. An individual retirement account
C. Commercial real estate
D. Residential real estate
The asset that is the most liquid is a certificate of deposit. This is further explained below.
What is a certificate of deposit?Generally, a certificate of deposit is simply defined as depositors who put money in the bank for a certain period of time being given a certificate of deposit.
In conclusion, The asset that is the most liquid is a certificate of deposit
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Debra notes that Theo Chocolate has started holding its own operations to the same IMO standards of fair trade to which it holds its suppliers. This type of behavior encourages more ethical decision-making byestablishing a specific code of ethics sends a powerful message to employees and customers.
This type of behavior encourages more ethical decision-making by establishing a specific code of ethics sends a powerful message to employees.
What is code of ethics?These are guidelines and principles, which governs every actions or decisions taken by an organization. They are rules that must be conform with wherever ethics is established.
Hence, this type of behavior encourages more ethical decision-making by establishing a specific code of ethics sends a powerful message to employees.
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Pretty lady cosmetic products has an average production process time of 40 days. Finished goods are kept on hand for an average of 15 days before they are sold. Accounts receivable are outstanding an average of 35 days, and the firm receives 40 days of credit on its purchases from suppliers. Assume sales of $1,200,000 and cost of goods sold of $900,000. Determine the average investment in accounts receivable, inventories, and accounts payable. What would be the net financing need considering only these three accounts
Based on the sales, cost of goods, and days on average, the average investment of Pretty Lady Cosmetics is:
Average Receivables - $115,068.50.Average Inventories - $36,986.30.Average payables - $96,630.14.Net financing needs - $53,424.66.What are the average investments for Pretty Lady Cosmetic Products?The Average Receivables are:
40 days = Average AR ÷ (1,200,000/365)
= $115,068.50
The Average Inventories:
15 days = Average inventory ÷ COGS per day
15 = Average inventory ÷ (900,000 / 365)
= $36,986.30
The Average payables:
40 days = Average payables ÷ COGS per day
40 = Average payables ÷ (900,000 / 365)
Average payables = $98,630.14
Net financing needs:
= Average Inventories + Average Receivables - Average payables
= 115,068.50 + 36,986.30 - 98,630.14
= $53,424.66
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Santoro co produced a draft statement of the financial position at the year end which showed the owners equity of 4,50,000. It was later discovered however that the following transactions which all occurred on the last day of the financial year had not been taken into account. 1) Property which cost 3,26,000 had been revalued to 3,86,000 2) Inventories which cost 26,000 had been sold on credit for 31,000 3) The owner withdrew 22,000 in cash. 4) The trade receivable paid the amount owing of 23000 in full what will be the revised figure for owners equity after the above transactions are taken into account?
Based on the revisions to the statement for Santoro Co., the revised figure for the owner's equity would be $493,000.
What is the new figure for owner's equity?The revised figure can be found as:
= Beginning owner's equity + (Property readjustment) + Inventory readjustment - Withdrawals
Solving gives:
= 450,000 + (386,000 - 326,000) + (31,000 - 26,000) - 22,000
= $493,000
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If you are in the 15% tax bracket, your whole
income is taxed at that rate.
True
False
If an individual's income falls at the 15% tax bracket then his/her income is taxed at first 10% and then the excess 5% should be levied in the next bracket.
What is a tax bracket?A tax bracket is the income range made by the tax authorities relating to income earned by taxpayers with different rates of taxes.
According to the US taxation rules, the tax levied on the income of the taxpayer should be in the progressive system, which means, that the income should be charged with the different tax rates and not the one single tax rate. As the tax rates are started from 10%, so at the rate of 15%, it should not be the same rate rather the excess 5% would be levied.
Therefore, the provided statement relating to the imposition of tax is false.
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A chart of accounts lists the accounts and balances at a specific time.
True
False
A chart of accounts lists the accounts and balances at a specific time is the true statement, as it a digestible breakdown of all transactions.
What is a chart of accounts?chart of accounts is a list of all the accounting records in a company's general ledger. In a nutshell, it's an organizational tool that breaks down all of a company's financial transactions into subcategories and presents them in an easily understandable format.
Thus, it is a true statement.
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What are the primary advantages to choosing a sole proprietorship?
The primary advantages to choosing a sole proprietorship is that there is no separate legal entity from the ownership.
What is sole proprietorship?Asole proprietorship serves as a type of business which is been owned and controlled by single entity, in this type of business, there is no partnership.
In this type of business, the ownership is the same with the legal identity.
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A skilled nursing facility chain is considering building a new facility on a piece of property that it currently owns. The property was purchased five years ago for $250,000 and could be sold now at a current market value of $100,000. When estimating the cash flows for the new facility, what amount should be included to recognize the opportunity cost of using the land for the proposed project?
Can someone explain why it is -$100,000 vs $-150,000
Based on the value of the land, the recognized opportunity cost for the project is -$100,000.
What is the opportunity cost of the land?When a new project is about to be embarked on, the relevant value of the resources to be used is the current value of the resource.
In this case, the current value of the land is $100,000 which will therefore be recorded as the opportunity cost. The reason it is negative is that it represents a loss on the original purchase.
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The most common term for marginal utility is
Answer:
The concept of marginal utility is used by economists to determine how satisfaction levels influence customer decisions. The law of diminishing marginal utility has also been found by economists. It describes how the first unit of an item or service consumed has more utility than subsequent units.
Explanation:
Answer:
law of diminishing marginal utility.
Explanation:
Economists use the idea of marginal utility to gauge how satisfaction levels affect consumer decisions. Economists have also identified a concept known as the law of diminishing marginal utility. It describes how the first unit of consumption of a good or service carries more utility than later units.
Within the organization, the use of formal committees, training, and codes of conduct help to ensure standards of
A. ethical compliance.
B. legal compliance.
C. philanthropic giving.
D. social responsibility.
E. organizational leadership.
Within the organization, the use of formal committees, training, and codes of conduct help to ensure standards of ethical compliance.
What is ethical compliance?Ethical compliance is the ability of an individual or employee to act according to companies code of conduct.
Trainings are usually conducted for newly recruited employee.
Therefore, Within the organization, the use of formal committees, training, and codes of conduct help to ensure standards of ethical compliance.
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Which promotional technique can help an organization achleve its short-term sales objectives
Answer:
Flash sales is one technique.
Explanation:
Flash sales are fast, short-term sales that encourage people to buy a promoted item.
On June 1, Barlow Inc. performed services and billed its client, Bertram Enterprises $1,500. On June 9, Bertram paid the account in full. The combined effect of these two transactions on Bertram’s tabular analysis is:
The effect of these two transactions is that, Bertram liability towards the payment of the amount of bill will decrease on June 9.
What is bill?A bill is defined as an instrument that is given to another person as a proof of purchase, and it also denotes that how much the amount would be paid by one person to another.
On June 1, Barlow Inc. completed work for Bertram Enterprises and billed them $1,500. Bertram paid the account in full on June 9th.
Bertram's tabular analysis is affected by the combined effect of these two transactions, are shown in the image below.
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Match the given scenarios to the different phases in business cycle.
-Onyx Corp. has decided
to make long term
investments
-The economy of the country
has recorded its highest
employment rate
-Jewel Inc. has decided
to lay off some of its
employees
-Jones family's purchasing
power is higher than ever
-Onyx Corp. is hiring
workers for its factory
-Jewels Inc.'s sales
have dipped
expansion phase
peak phase
recession phase
The business cycle is classified into the birth phase, expansion phase, peak phase and recession phase.
What is a business cycle?This is an economic cycle that consist of recession, recovery, growth, and decline of a firm or a country economy.
The stage where Onyx Corp. has decided to make long term investments is the expansion phase.The stage where the economy of the country has recorded its highest employment rate is the peak phase.The stage where Jewel Inc. has decided to lay off some of its employees is the recession phase.The stage where Jones family's purchasing power is higher than ever is the peak phase.The stage where Onyx Corp. is hiring workers for its factory is the expansion phase.The stage where Jewels Inc.'s sales have dipped is the recession phase.Read more about business cycle
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If the effective annual yield on a bond is equal to the bondʹs coupon rate, the bond will have a market value that is
Answer:
The coupon rate is the stated periodic interest payment due to the bondholder at specified times. The bond's yield is the anticipated overall rate of return. If the bond's price changes and is no longer offered at par value, the coupon rate and the yield will no longer be the same as the coupon rate is fixed and yield is a derivative calculation based on the price of the bond.
Free Internet?
Everyone should have free Internet access to education, news, jobs, and more.
The graph plots education and news on the x-axis and other goods and services on the y-axis.
Draw the economy's PPF before the Internet and label it PPF0.
Draw the PPF after the arrival of the Internet if the effect on education and news is greater than on other goods and services. Label it PPF1.
Answer:
graph below
PPF shifted rightward, but shift on education and News is higher because effects of Internet is higher in Education and News
Explanation:
With the Internet, more education and news and more other goods and services can be produced. The production of other goods and services increases by less than the increase in education and news when all resources are used. The PPF shifts outward.
A steam generation system at a biomassfueled power plant uses an electrostatic precipitator (ESP) to clean its gaseous effluents. The power plant has consistently made use of the same type of ESP over the past several years. The installed cost of a new ESP has been relatively constant at $80,000. Records of operation and maintenance expenses indicate the following average expenses per year as a function of the age of the ESP. The MVs of the ESP are also reasonably well known as a function of age. Determine the best time to replace the ESP if the MARR
is 15% per year
A steam generation system at a biomass-fueled power plant uses an electrostatic precipitator (ESP) to clean its gaseous effluents. the best time to replace the ESP is mathematically given as
EUAC3= 46377.48
What is the best time to replace the ESP if the MARR is 15% per year?Generally, the equation for the EUAC for the yrs of operation is mathematically given as
For Year 1
EUAC1 = 85000 * (A/P,9%,1) + 25000 - 63000 * (A/F,9%,1)
EUAC1 = 54650
Solving till year 5
EUAC2= 46525.60
EUAC3= 46377.48
EUAC4= 48730.91
EUAC5= 50730.79
In conclusion, the best time to replace the ESP if the MARR is 15% per year will be at the EUAC3= 46377.48 since EUAC is the lowest at that year.
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Healthcare Operations Management: Executing Strategies & Setting Goals
Select a quality or performance problem in your organization or from your past experience – identify the project team members and their roles in your organization – why did you include them? Select a problem-solving tool and map it out – use PDCA, process mapping, root cause analysis, 5 Whys, or the Cause and Effect tool. How could you make improvements in the situation?
A quality or performance issue may be related to organizational communication. Management tools that can help overcome these problems, such as the PDCA cycle.
What is the PDCA cycle?It is a management tool that consists of solving problems related to organizational processes, instituting four phases to focus on each situation, helping to resolve bottlenecks and continuous improvement of processes. The acronym stands for:
PlanDoCheck ActTherefore, through the PDCA cycle, communication problems could be solved by planning and implementing the optimization of communication channels and strengthening the relationship through feedback and meetings, for example.
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When working with a leader who is lack of leader integrity, the follower is less likely _______.
look for other job opportunities
volunteer to extra work assignments
displace aggression toward coworkers
receive mistreatments
When working with a leader who is lack of leader integrity, the follower is less likely to B. volunteer to extra work assignments.
Who is a leader?It should be noted that a leader simply means an individual who guides others and oversees their activities to achieve a particular goal.
In this case, when working with a leader who is lack of leader integrity, the follower is less likely to volunteer to extra work assignments
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Why can a credit union lend money to members at reduced rate
Answer:
Credit unions are able to offer lower rates compared to traditional banks because of their business structure. Most banks are for-profit companies, meaning they reinvest their income to earn more profit or they pay it out to shareholders. Banks are also subject to federal and state income taxes.
Please identify a firm using the various variables used in SCM and OHS&S as per legal requirements.
Canadian Tire Corporation is an example of Canadian firm involved in global operations and SCM.
How the company makes use of SCM and OHSThe company makes use of occupational safety and health and also supply chain management to ensure that the key operations in the firm are being carried out.
The company has over 1700 stores in the Canadian nation. They have workers that are about 100000. This form is one of the biggest retail shops in the nation.
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Select the correct text in the passage.
Which sentence identifies business-to-business advertising?
A company that makes CCTV cameras wants to enter new and existing markets. It has set up a strategy of aggressive marketing by active programs and expanding market
size. It adopted a price skimming method wherein it reduced the prices of cameras compared to rivals with a promise of equal quality. It recently sponsored a famous
award show to secure consumer reach. It also won a contract with a security solution agency, which saw the company advertise discounts on CCTV cameras in a trade
journal. It differentiated its product from its rivals with its compact size. It also advertised its product on TV commercials and highway billboards, thus increasing
frequency of reach.
Reset
Next
Answer:
It adopted a price skimming method wherein it reduced the prices of cameras compared to rivals with a promise of equal quality.
Explanation:
A company that makes CCTV cameras wants to enter new and existing markets. It has set up a strategy of aggressive marketing by active programs and expanding market
size. It adopted a price skimming method wherein it reduced the prices of cameras compared to rivals with a promise of equal quality. It recently sponsored a famous
award show to secure consumer reach. It also won a contract with a security solution agency, which saw the company advertise discounts on CCTV cameras in a trade
journal. It differentiated its product from its rivals with its compact size. It also advertised its product on TV commercials and highway billboards, thus increasing
frequency of reach.
Answer: it also won a contract with a security solution agency, which saw the company advertised discounts on CCTV cameras in a trade journal.
Explanation: edmentum