A company considering outsourcing must realize that the solution can be only as good as the outsourcing firm that provides the service. a. True b. False

Answer:

(a) FIFO

Cost of Goods Sold  = $6,800

Ending Inventory  = $12,230

(b) LIFO

Cost of Goods Sold  = $7,400

Ending Inventory  = $11,630

(c) weighted average cost

Cost of Goods Sold  = $7,040

Ending Inventory  = $11,990

Explanation:

Perpetual inventory method ensures that cost of sales and inventory value is determined after each and every transaction.

FIFO

This method assumes that the units to arrive first, will be sold first. This means the cost of sales is based on the earlier (old) prices and inventory valuation is based on recent (later) prices.

Cost of Goods Sold = 400 x $7 + 400 x $10 = $6,800

Ending Inventory = 200 x $10 + 930 x $11 = $12,230

LIFO

This method assumes that the units to arrive last , will be sold first. This means the cost of sales is based on the recent (later) prices  and inventory valuation is based on earlier (old) prices.

Cost of Goods Sold = 600 x $10 + 200 x $7 = $7,400

Ending Inventory = 200 x $7 + 930 x $11 = $11,630

Weighted Average Cost Method

A new unit cost is calculated with each and every purchase made. This new unit cost is then used to determine the cost of goods sold and the value of inventory.

New Unit Cost - 8 jan = (400 x $7 + 600 x $10) ÷ 1,000 = $8.80

New Unit Cost - 29 jan = (200x $8.80 + 930 x $11) ÷ 1,130 = $10.61

therefore,

Cost of Goods Sold = 800 x $8.80 = $7,040

Ending Inventory = 1,130 x $10.61 = $11,990

Acts, also known as laws, are legislative measures that are passed by a government in accordance with the Constitution of a country.

The process of passing an Act typically involves several stages. It begins with the proposal of a bill, which is a draft law that is presented to the legislative body. The bill goes through a series of readings and debates, during which it may be amended or revised based on input from legislators and stakeholders.

Once the bill is approved by the legislative body, it is sent for further scrutiny, such as legal review and public consultation. Finally, the bill is enacted into law by receiving formal approval, usually through the signature of the head of state or a designated authority.

Acts play a crucial role in shaping the legal framework of a country. They cover a wide range of areas, including civil rights, criminal justice, taxation, environmental protection, labor regulations, healthcare, education, and many more.

Acts provide a legal basis for the functioning of government institutions, define citizens' rights and responsibilities, establish standards for public and private conduct, and promote social order and justice.

Acts are binding and enforceable, meaning that individuals and entities within a country are obligated to comply with their provisions. Violation of an Act can result in legal consequences, such as fines, penalties, or imprisonment, depending on the nature and severity of the offense.

Acts also reflect the evolving needs and values of a society. As societal perspectives change and new challenges emerge, governments may pass new Acts or amend existing ones to address these issues. Acts can be updated and repealed over time to ensure that the legal framework remains relevant and responsive to the needs of the people.

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By increasing his education, Devin is less likely to experience limited career opportunities.

Obtaining a higher level of education beyond an associate degree can significantly broaden Devin's prospects in the job market. Higher education, such as a bachelor's or master's degree, provides individuals with a more in-depth knowledge base, enhanced skills, and a broader understanding of their field.

With a higher level of education, Devin is likely to have access to a wider range of job opportunities. Many employers prefer candidates with advanced degrees for positions that require specialized knowledge and expertise. Devin's increased education can make him a more competitive candidate and open doors to higher-level roles with greater responsibilities and potential for career advancement. Additionally, higher education can lead to higher earning potential. Research consistently shows a positive correlation between educational attainment and income levels, with individuals holding advanced degrees often earning higher salaries compared to those with lower levels of education.

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Answer:

Monthly bank statements should be sent to and reconciled by the same employees who authorize payments and write checks

Explanation:

The MOST efficient allocation of exam and homework due dates for students who have concerns due to conflicting schedules with other classes is to create an internal market for students to bid for their preferred dates.The correct answer is option-b.

A market is the most efficient mechanism for allocating goods and services according to the preferences of consumers. Students who have conflicting schedules can bid for their preferred exam and homework due dates through an internal market.

This method has the advantage of providing the exam and homework due dates to those who are willing to pay the most for them. By using the internal market, the professor can allocate the dates in the most efficient manner without sifting through the opinions of hundreds of students.

This method is also fair as it gives students the opportunity to choose their preferred dates based on their schedule constraints, and it reflects the value that students place on certain exam and homework due dates.

Therefore, the correct answer is option-b.

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Answer:

Office Supplies T-account

Debit :

Beginning Balance                  $600

Purchases                              $2,300

Totals                                     $2,900

Credit:

Ending Balance                        $500

Used (Balancing Figure)       $2,400

Totals                                     $2,900

Adjusting Entry

Supplies Expenses $2,400 (debit)

Office Supplies $2,400 (credit)

Posting Entries.

1. Supplies Expense = $2,400 (Debit Balance)

2.Office Supplies = $500 (Debit Balance)

Explanation:

As the supplies are used during the period, recognize an expense : Supplies Expense and de-recognize the Office Supplies Asset account to the extend of the amount of inventory used during the period.

In other words we are taking out an expense (Increasing it) and decreasing an asset : Office Supplies.

Answer:

D: All of the above

Explanation:

All of the above due to all of these things being affected by this decision

If an investment will triple your return in 24 months then the rate being offered to you is 73. 2 %.

If an investment triples your money in 24 months, then the rate of return can be calculated as follows:

1 + r = 3 ^ ( 1 / 2 )

R is the annual rate in this equation.

Solving for R gives:

= (3 ^ ( 1 / 2 ) - 1 )

= 0. 732

= 73. 2 %

So the annual rate of return being offered is approximately 73.2%.

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Answer:

Hope this helps!:

Part A: Amazon is an online retailer that sells a wide range of products including electronics, home goods, apparel, and books.

Part B: To purchase a product from Amazon, customers need a sense of safety and security, which is a basic need in Maslow's hierarchy.

Part C: A salesperson can help a customer come back by providing excellent customer service, answering questions, and making sure they have a positive experience.

Part D: The best method for selling Amazon products is online, through their website.

Part E: To get customers to purchase Amazon products, the company can use a variety of methods, such as email campaigns, social media, targeted ads, and content marketing.

Part F: The price of a product should be determined by the demand for the product, the cost of production, and the profit margin the company wishes to make.

Part G: To set the price of a product, Amazon can use promotional pricing, psychological pricing, and customer segmentation strategies. Promotional pricing is when a company offers discounts or special offers to attract customers. Psychological pricing is when a company uses certain numbers or prices to make a product appear more attractive. Finally, customer segmentation is when a company divides customers into different groups based on their behaviors, needs and preferences, and then offers different prices to each group.

Explanation:

Answer:

wages tips investment earnings

Individuals are required to pay income taxes in the United States on:

This is known to be a kind of mandatory financial payment or some kind  levy that is often imposed on a taxpayer by a country.

Note that in the, United States individuals required to pay income taxes on wages, tips and investment earnings.

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Answer:

Improved employee performance – the employee who receives the necessary training is more able to perform in their job. ... A training program allows you to strengthen those skills that each employee needs to improve. A development program brings all employees to a higher level so they all have similar skills and knowledge.

Explanation:

Hope It Helps......

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SMART stands for five words that help people make goals that are  Specific, Measurable, Achievable, Relevant, and Time-bound.

When making goals, it's best to stay away from words or phrases that may cause confusion or not make things clear. Using complicated words in SMART goals can be bad because they are not clear and specific.

The Benefits of SMART Goal Setting:

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Answer:

Credit to notes payable for $165000

Explanation:

Journal entries for issuance of Note Payable :

Cash Account ..... Debit $165000

7% Note payable Accounts .... Credit $165000

Note:

Note payable is a liability so it is credited as on date of issuance.

A clinic encourages its customers to have their bond checked with the claim that one out of four 60-year-old men need to be supplemented with glucosamine. If this is true, then the probability of the following events is Two out of the next eight 60 year old men need to be supplemented with glucosamine.

Glucosamine is a naturally occurring compound in the body. It is required for the formation and repair of cartilage as well as other body tissues.

Because glucosamine production slows in age, some people take glucosamine supplements to help them fight aging-related health issues like osteoarthritis. The majority of supplements are made from the shells of marine life, such as prawns and crabs.

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Answer:

on the balance sheet as a liability

Explanation:

The balance sheet is the financial record or statement that reports on a company's assets, liabilities, and equity. It is the financial reports that communicate the financial status of a balance.

The balance sheet captures assets on one side and equities and liabilities on the other. A loan is a  debt or money owed to others. It is a liability to the business and is recorded on the liabilities side. It will be included in current liabilities if it is to be paid within one year or long term liabilities if more than one year.

Answer:

yes (logically but in my opinion no)

Explanation:

The reason why is because some jobs required you to lift heavy stuff and some women can't lift very heavy things.

The iPencil film explains rational behavior and economic self-interest by illustrating how the market works. The film shows how different participants in the market make decisions based on their individual interests.

What do you know about iPencil film?

iPencil is a documentary film that follows the journey of the Apple Pencil from concept to production. The film reveals the incredible engineering, design, and manufacturing process that goes into making the Apple Pencil. The film focuses on the development of the Pencil's unique features, such as its pressure sensitive tip, palm rejection, and tilt sensitivity. It also highlights the use of advanced manufacturing technologies such as CNC machining, injection molding, and laser engraving. The film dives into the story of the amazing people involved in the development of the Pencil and the passion they put into making the product. It offers an inside look at Apple's culture and the innovation that is behind the development of the Pencil. iPencil is a must-see film for anyone interested in the history and development of the Apple Pencil.

So, The iPencil film explains rational behavior and economic self-interest by illustrating how the market works.

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According to the information, we can infer that the expression equivalent to 2(x – 3) – 5x is -3x - 12.

According to the information, we can infer that none of the options is correct. In this case to calculate the correct expression equivalent to the expression shown we have to simplify the given expression, we apply the distributive property by multiplying 2 with the terms inside the parentheses:

Additionally, we subtract 5x:

According to the above, the expression -3x - 12 is equivalent to 2(x – 3) – 5x.

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In specialization a company have produced the product at different price levels. Consumers have more price options.

A consumer is a person who purchases the goods and or services from the business and is also the ultimate user of the products or services. In specialization the company produces a certain product at many different levels by which they have many price options available which vary according to their customization and quality that can be offered to the consumers and hence the customer can purchase different types of a single product from a single company or Brand.

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Answer:

30 points

Explanation:

If the question is worth 60 points, split between 2 people, it's 30.

BRICK 'n TILE, a hypothetical company, can differentiate between short-run and long-run costs by considering examples such as immediate production costs (short-run) and investment in new production facilities (long-run).

Short-run costs refer to expenses that a company incurs in the immediate period, where some factors of production are fixed and cannot be easily adjusted. In the case of BRICK 'n TILE, short-run costs could include the costs of raw materials, labor, utilities, and maintenance for their existing production facilities. These costs are essential for the day-to-day operations and can be directly linked to the current level of production.

On the other hand, long-run costs encompass expenses that can be adjusted in the long term to adapt to changes in production levels and scale. For BRICK 'n TILE, an example of a long-run cost would be the investment in new production facilities or equipment. If the company decides to expand its operations or increase its capacity, they may need to construct a new manufacturing plant or purchase advanced machinery. These costs are incurred over an extended period and are associated with strategic decisions that affect the company's production capabilities in the long run.

Differentiating between short-run and long-run costs is crucial for effective financial planning and decision-making. Short-run costs help determine the immediate profitability of the company's operations, while long-run costs factor in the potential growth and expansion strategies. Understanding the distinction between these cost categories allows BRICK 'n TILE to make informed decisions regarding short-term production levels and long-term investment in infrastructure and technology.

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Answer:

I don't know I also want the ans

The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.

To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.

To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:

NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost

\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)

\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)

NPV = $3,913.04 + $3,537.41 - $7,800

NPV = -$350.55

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According to the database on excel is  the total cost of all orders. Go to column cost per order that is column 7th or column G write the formula =sum(G4:G97)

In computing, information is AN organized assortment of information kept and accessed electronically. tiny databases are stored on a file system, whereas massive databases are hosted on laptop clusters or cloud storage. A database is an organized collection of structured information, or data, typically stored electronically in a very computer system. A database is typically controlled by a management system (DBMS).

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The greatest challenge that Amazon faces from Walmart and Kroger, which offer curbside pickup of online groceries, is C. figuring out where to set up curbside pickups at Amazon distribution centers.

With Amazon's giant online presence and performance, it can dominate the online grocery market. However, it has Walmart and Kroger to contend with because these have developed curbside pickups for online grocery orders.

The above statement implies that Amazon does not have a problem figuring out the best delivery means, the local grocery stores to buy products from, or the locations to build Amazon grocery stores.

Thus, the challenge that Amazon faces from Walmart and Kroger is Option C.

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Answer:

1. Identification of strength

2.identificationof weakness

3. Identification of opportunity

4. Identification of threat

5. Optimum of use of resources

Answer:

Increase

Explanation:

In the case when the retained earnings is exhausted, the company would face the challenge i.e. funds shortage. So to overcome this problem either firm could raise the finds with the help of debt or raise the new capital. Also in the case of funds shortage, there is a high risk that results in high returns and ultimately the weighted average cost of capital would increase

Answer:

cost of goods manufactured= $890,000

Explanation:

Giving the following information:

Applied Overhead= $485,000

Other costs incurred:

Purchases of raw materials (both direct and indirect) - $400,000

Direct labor costs - $60,000

Inventories:

Raw materials, beginning - $20,000

Raw materials, ending - $30,000

Work in process, beginning - $40,000

Work in process, ending - $70,000

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

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 20,000 + (400,000 - 15,000) - 30,000

Direct material used= 375,000

I deduct the indirect material included in manufacturing overhead.

cost of goods manufactured= 40,000 + 375,000 + 60,000 + 485,000 - 70,000

cost of goods manufactured= $890,000

Answer:

1. All of these choices are correct

2. Price variance

Explanation:

1. A nonfinancial performance measure is often used to evaluate the TIME, QUALITY, and QUANTITY of business activity. Hence, in this case, the correct answer is "All of these choices are correct." This is because the nonfinancial performance measures business activities that are not money related or expressed in terms of money

2. All of the following are examples of nonfinancial performance measures except PRICE VARIANCE.

This is because the nonfinancial performance measures business activities that are not money-related or expressed in terms of money.

Hence, inventory turnover, wait time, and a number of customer complaints are not expressed in monetary units. While Price variance is expressed in monetary units.

The amount of expense that Armstrong Inc. must show on its income statement is $24,000.

This amount represents the Amortization of the Brand Image Enhancement ($9,000), the Impairment Loss in the Fair Value of the acquired assets ($5,000), and the Goodwill Impairment ($10,000).

Data and Calculations:

Fair value of Quine Corporation on January 1, Year 5 = $60,000

Fair value of Quine Corporation on December 31, Year 5 = $55,000

Goodwill (acquired) on January 1, Year 1 = $100,000

Duration of Goodwill = 10 years

Cost of Brand Image Enhancement in Year 5 = $36,000

Estimated useful life of Brand Image = 4 years

Annual amortization of Brand Image = $9,000 ($36,000/4)

Impairment Loss of Fair Value of Assets = $5,000 ($60,000 - $55,000)

Goodwill Impairment = $10,000 ($100,000/10)

Total expenses = $24,000 ($9,000 + $5,000 + $10,000)

Thus, $24,000 expense will be shown on Armstrong, Inc.'s Income Statement in Year 5.

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