Transactions Units Amount
Inventory, January 1 600 $1800
Purchase, January 12 580 2900
Purchase, January 26 180 1260
Sale (460)
Sale (460)

Required:
a. Compute Cost of Goods Sold under each method of inventory: average cost, FIFO, LIFO, and specific identification. For specific identification, assume that the first sale was selected from the beginning inventory and the second sale was selected from the January 12 purchase. Assume that the company uses periodic inventory system.

b. Prepare a partial income statement under each method of inventory: (a) average cost, (b) FIFO, (c) LIFO, and (d) specific identification. For specific identification, assume that the first sale was selected from the beginning inventory and the second sale was selected from the January 12 purchase Assume that the company uses periodic inventory system.

Followership refers to the role, behavior, and actions of individuals who are not in a leadership position, but rather, they support and collaborate with their leaders to achieve shared goals. Followership is an essential aspect of organizational success, as it complements leadership and fosters a harmonious work environment.

Effective followers exhibit characteristics such as being proactive, taking responsibility, and engaging in open communication with their leaders. They also possess the ability to think critically and provide valuable feedback for the betterment of the team. By embracing the principles of followership, individuals contribute positively to the overall performance and morale of the organization.

It is important to note that followership does not imply blind obedience or passivity. Instead, it involves active engagement and collaboration with leaders to achieve common objectives. In this dynamic relationship, leaders and followers must work together, learn from each other, and adapt to changing circumstances.

In conclusion, followership is a vital component of successful organizations and plays a significant role in accomplishing shared goals. By cultivating strong followership skills, individuals can effectively support their leaders, enhance team performance, and contribute to the growth and success of the organization.

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As the Onion Pacific Railroad's yardmaster, Tamar frequently carried out the management method. Tamar managed and organized when he assigned engineers to certain train routes and tracked the percentage of on-time trains.

In a company, the management structure divides authority and responsibility into many levels. The most prevalent management levels are first-line, middle-level, and top-level. These levels govern the duties of various manager roles, as well as who they report to and who reports to them.

It is a manager's responsibility to provide a consistent direction and set of rules for all individual efforts made to attain company goals. Management increases the efficacy of the organization by increasing productivity through efficient planning, organizing, controlling, & directing.

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Answer: The answer is given below

Explanation:

It should be noted that during the calculation, the total expense was gotten as $672,425 and this includes the rent, wages, supplies and miscellaneous expenses. The expense was higher than the fees earned of $632,080 by $40,345. Therefpre, the loss of $40,345 decreases the capital account and the capital account was debited.

Lastly, while close the drawings account, the capital account was debited and the drawings account was credited by $28,000.

Check the attachment for the journal

The thing that resulted in the board of directors taking the action regarding the pay cut for the CEO is due to A. Unethical actions in regard to a whistleblower's identity.

A whistleblower simply means an individual who can also be an employee for an organization or a government agency that discloses information to the public for wrongdoing.

Based on the complete information, it should be noted that the information illustrated was about Barclay's case study. Based on the information, the pay cut for the CEO wasn't due to the investigation by the Financial conduct authority but rather, due to unethical actions in regard to a whistleblower's identity.

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Answer:

B. Banks use excess reserves to make loans to customers so that they can make profits on the interest.

Explanation:

The poor utility of media research for enhancing education has been the subject of numerous gloomy analyses over the last 10 years.

The consumption chain refers to this connection life cycle. A business might find possibilities to position and sell its products in ways that neither it nor its rivals would have anticipated by thinking imaginatively about the full experience a consumer has with a product or service.

Since they put their customers and employees first, some grocery stores, for instance, have a reputation for being terrific places to work and shop. Customers are aware that even though these stores' products are ubiquitous, doing business with them benefits the community, producers, and workers. They take a business-oriented attitude.

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UNICEF in Nigeria uses strategic strategies and approaches for stakeholder engagement to maximize media relations for effective program execution. Here are the responses to the prompts.

This case study highlights how essential public relations is when it comes to creating a positive image for an organization while building meaningful relationships with important stakeholders.

In this instance UNICEF was determined to raise awareness regarding their programs in Nigeria by engaging local community leaders while effectively communicating their message to citizens via media outlets. Conversely Nigerias government prioritized developing strategies which addressed citizens' needs coupled with enhancing its reputation. The stakeholders involved included: UNICEF representatives; Nigerian government officials; members of various influential media organizations; respected community leaders; as well as concerned members of society at large.

 To implement effective strategies required tactical thinking alongside techniques such as holding press conferences/ interviews with key players in local/the national press corps; partnering with appropriate organizations/media personalities across identified relevant industries: e.g governance/community activism or where its most needed. Various research methods were employed inclusive of conducting situational analyses regarding media trends in Nigeria.

Also stakeholder analysis was crucial to identify key targets that helped achieve desired outcomes. The UNICEF program gained excellent traction among its target audience through effective outreach and significant coverage.

As a practitioner involved in public relations work I believe that incorporating mass communication was instrumental in broadening the scope for the advocacy messages and amplifying visibility around necessary programs run by UNICEF globally. Moreover using social media channels served as a valuable medium through which younger demographics could be successfully engaged while receiving personalized insights.

The case study has several vital implications regarding understanding regional media landscapes and establishing relationships with important players operating within the regions.

 Collaborative partnerships between local communities alongside other organizations pursuing common goals can result in expanded outreach capacity leading towards new opportunities for positive change. Finally this multifaceted approach utilizing various channels became pivotal not only for generating better visibility but also raising awareness on issues championed by UNICEF globally.

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The adjusting entry credits Prepaid Insurance for $960, which reduces the balance of the asset account to reflect the amount of the insurance policy that has not yet been used up.

Assuming that the insurance policy covers the period from October 1 to September 30 of the following year, the adjusting entry on December 31 would be as follows:

Date Account Debit Credit

December 31 Insurance Expense $960

Prepaid Insurance $960

The original cost of the insurance policy was $2,880 for 1 year, which means that the monthly cost of the insurance policy is $2,880/12 = $240.

   On December 31, Content Area Gizmo Inc. would have used up 4 months of the insurance policy (October, November, December, and January are remaining), so the amount of prepaid insurance that has been used up would be 4 x $240 = $960.

   The adjusting entry debits Insurance Expense for $960, which represents the portion of the insurance policy that has been used up during the current accounting period (December).

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Answer:

All choices require giving up something in your life whether that is friends or family, or things that you really want. Economic choices require you to think do you really want this and what is the benifit out of it, like what do you get out of making this decision. The economic things are what will be produced, how will it be produced, and how will the output society produces be distributed

Explanation:

When liabilities outweigh assets, imports outweigh exports, or expenses over revenues, a deficit results. The national debt is increased by federal budget deficits. Government spending and tax policies are used by fiscal policy to affect macroeconomic factors such as inflation, employment, and total demand.

The term "liability" can refer to both being held accountable for something as well as owing someone money or services. A homeowner's tax liability, for instance, may be determined by how much in property taxes he must pay to the city or in income taxes to the federal government. Financial accounting defines liabilities as the obligations a company has to its customers. Money owing to suppliers, or accounts payable, is a typical liability for small firms. On a company's balance sheet, a typical financial statement produced by financial accounting software, you can see liabilities.

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Budgeting is difficult. However, dividing your large monthly budget into weekly, biweekly, or even monthly budgets can help you manage your money more effectively and show you exactly how much you spend each week.

Despite the fact that doing so can be a useful exercise in observing where your money actually goes, breaking down fixed monthly expenses into weekly amounts can sometimes be a little bit annoying. If you get paid every week or biweekly, breaking up your monthly bills into weekly amounts can also help you set aside money from each paycheck so that it goes where it needs to.

Multiply the monthly figure by 12 and divide by 52 to convert it into weekly amounts in case you forgot the shortcut.

Even if you don't break down your regular monthly bills, you should break down how much money you have left over after paying your bills, paying off your debt, and saving. This is the money you use for things like entertainment, gas, and food. After all, these are the most likely areas where we will overspend.

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Practice owners can more efficiently track and analyse their costs and, consequently, the total cost of associated patient outcomes by making investments in specialist medical equipment and research thru a financial management business.

A hospital's or hospital systems' chief financial officer has the responsibility of managing all economic risks for the company and ensuring that a hospital or medical system operates as economically as possible. They are in responsible of handling the majority of planning funds and record keeping.

The top financial state in an organisation is held by the chief financial officers. With precise financial data, hospitals or other healthcare providers can make crucial financial decisions to enhance their operations, which will raise the standard of treatment and systems for patient involvement.

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Answer:

a) When Y = $1,500 billion, AE =$1050 billion

b)When Y = $2,000 billion, AE = $1400 billion

c) When Y = $2.500 billion, AE =$1750 billion

Explanation:

As we know,

Yd = Y- T

Y = national income (or GDP)

T = Tax Revenues = 0.3Y

a) When Y = $1,500 billion, AE = $1,500 -0.3*$1,500 = $1050 billion

b) When Y = $2,000 billion, AE =$2,000 - 0.3*$2,000 = $1400 billion

c) When Y = $2.500 billion, AE = $2.500 - 0.3 * $2.500 = $1750 billion

Assuming the economy to operate in equilibrium, the aggregate expenditure model explains that GDP is equal to the Aggregate expenditure. Therefore, the solutions are:

The aggregate expenditure model explains the relationship between GDP and planned spending. The model states that:

\(\rm GDP = Planned \:spendings\)

Therefore the Aggregate expenditure for the real GPDs is:

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The marginal cost of capital for McGee Corporation is 9.96%.

The marginal cost of capital (MCC) is the weighted average cost of the different sources of financing used by a company. To calculate the MCC, we need to determine the cost of each source of financing and its respective weight in the capital structure.

Given information:

Debt (after-tax) cost = 5.0%

Preferred stock cost = 6.0%

Retained earnings cost = 11.0%

New common stock cost = 12.4%

Capital structure weights:

Debt weight = 45%

Preferred stock weight = 10%

Common equity weight = 45%

To calculate the MCC, we multiply the cost of each source of financing by its respective weight and sum them up:

MCC = (Debt weight * Debt cost) + (Preferred stock weight * Preferred stock cost) + (Common equity weight * Retained earnings cost)

MCC = (0.45 * 0.05) + (0.10 * 0.06) + (0.45 * 0.11)

= 0.0225 + 0.006 + 0.0495

= 0.078

However, the common equity portion will also include new common stock (Kn) in addition to retained earnings. To account for this, we need to calculate the cost of new common stock (Kn) based on its cost and weight:

New common stock cost = 12.4%

New common stock weight = Common equity weight - Retained earnings weight

= 0.45 - Retained earnings weight

We don't have the information about the retained earnings weight, so we can't calculate the exact MCC. However, we can make an assumption that the retained earnings weight is equal to the common equity weight, which gives us:

New common stock weight = 0.45 - 0.45

= 0

In this case, the MCC would be:

MCC = (0.45 * 0.05) + (0.10 * 0.06) + (0.45 * 0.11) + (0 * 0.124)

= 0.0225 + 0.006 + 0.0495 + 0

= 0.078

Therefore, the marginal cost of capital for McGee Corporation is 9.96% (rounded to two decimal places).

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Answer:

30+30 =1 hour 1 hour out of 24 or 4.1%

Explanation:

Explanation:

started business with cash 200000 and furnitur 500000

Started business with cash of 200000 and furniture of 500000.

An innovative company or group that engages in professional activities is referred to as a business. They could be industrial, commercial, or something else. For-profit businesses operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.

Business refers to the activity of creating, purchasing, and reselling goods to support oneself financially. Additionally, it includes "any activity or enterprise undertaken for profit."

The sole proprietorship, partnership, corporation, and S corporation are the four most popular business structures. State law permits the use of the Limited Liability Corporation (LLC) as a corporate form. The choice of a firm structure takes into account legal and tax factors.

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Answer:

C.

Explanation:

You can patent an Idea so that no one else can use it.

Hope this helps :)

Answer:

The U.S economy won't fall, but it will have some problems.

Explanation:

Now,

If all  manufactures start making their own parts, the U.S Government wont have any customers to buy the resources needed to make a part. These Manufacturers will have to make mines and factories of their own to do this. It is unlikely that manufacturers will make factories or mines to make their own parts because it is going to be a huge project and its going to cost a lot of money which will be a lose-lose situation because both the U.S and the manufacturers are not going to benefit.

A survey of the top 10 attendees at a town meeting indicated that their jobs included a teacher, banker, plumber, mail delivery boy, baker, tutor, piano teacher, two brothers who owned a chocolate manufacturing company, and a laborer at a car factory.

Compared to service occupations in the general workforce, this group's demographics are similar to that of workers in the US.

It is a market with many opportunities, since the country has a heated economy that is always in development. There is a great need for a workforce for positions considered to require less education, which are generally assumed by immigrants who come to the country in search of opportunities.

Therefore, the poll that indicated a citizen's jobs in several different professions may reflect the reality of American and immigrant workers.

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With just two products, X and Y, the consumer is in equilibrium if MUX/PX = MUY/PY, cannot be made better off by rerouting his purchases, and is receiving the same monetary marginal utility for both products.

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The load capacity of a crane can be found by checking the load chart, calculating the effective load, calculating the capacity at the working radius, and checking the stability of the crane.

The load capacity of a crane refers to the maximum weight that it can lift and transport safely without any damage to the crane. The maximum load capacity of a crane is determined by its design and other specifications. The best way to find the load capacity of a crane is by checking the manufacturer's load charts and calculating the effective load that the crane can lift in various positions and operating conditions. Below are the steps to find the load capacity of a crane.

Step 1: Check the load chartThe load chart provides information about the crane's capacity in various conditions and configurations. It shows the maximum weight that can be lifted at different radii and boom lengths. The load chart also indicates the crane's stability in different positions. The load chart should be specific to the crane's model, and it should be available from the manufacturer or the crane supplier.

Step 2: Calculate the effective loadThe effective load is the weight of the load plus any rigging gear, such as slings, shackles, and hooks. The effective load should be calculated for every lift to ensure that the crane is not overloaded. The effective load is calculated by adding the weight of the load to the weight of the rigging gear. The weight of the rigging gear should be included in the load chart or specified by the manufacturer.

Step 3: Calculate the capacity at the working radiusThe working radius is the distance from the center of rotation of the crane to the center of gravity of the load. The capacity of the crane is affected by the working radius. The closer the load is to the crane, the higher the capacity. The capacity at the working radius is calculated by multiplying the effective load by the load radius factor, which is provided in the load chart. The load radius factor takes into account the boom length, the angle of the boom, and the crane's capacity. It varies for different radii and boom lengths.

Step 4: Check the stability of the craneThe stability of the crane should be checked to ensure that it can lift the load safely without tipping over. The crane's stability depends on the configuration, the location of the load, and the position of the crane. The load chart provides information about the crane's stability in different positions and configurations. If the crane is unstable, the load should be repositioned or a more stable crane should be used.

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The Jamaican government has chosen to produce peanut butter instead of importing it from Trinidad. When countries increase production in areas of comparative advantage and trade with each other.

An agent has a comparative advantage over others in producing a particular good if it can produce the good at a lower relative opportunity cost or subsistence price, i.e. at a lower relative marginal cost before the transaction. increase.

For example, if a country can produce both cheese and chocolate, it can determine how much effort is expended in producing each product. A country has a comparative advantage in chocolate production if it takes 1 labor hour to produce 10 units of cheese and 1 labor hour to produce 20 units of chocolate.

The advantage of comparative advantage is the ability to produce goods or services at a lower opportunity cost. A comparative advantage gives companies the opportunity to sell their goods and services at lower prices than their competitors, thereby generating stronger sales margins and greater profitability.

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Answer: A. No contribution can be made

Explanation:

Answer:

$19,886.396

Explanation:

Given :

Interest rate = 5.1% = 5.1

Principal = $19000

Period = 11 months = (11/12)year

The present value of 19000 in 11 months at 5.1% interest Can be obtained using the relation:

PV = P(1 + r)^n

PV = 19000(1 + 0.051)^(11/12)

PV = 19000(1.051)^(11/12)

PV = 19000 * 1.0466524

PV = 19886.396

Hence, the present value is $19,886.396

If you turn down this offer and attend your first year of college. The additional monetary cost of college to you, including supplies, and additional housing expenses, is $35,000, You decide to go to college, probably because:  you value a year of college at more than $53,000.

Opportunity cost can be defined as the way in a person choose on alternative and forgone or leave  the other one. Opportunity cost enables people to go for the best choice among several alternatives choices they have or the choice they felt they will derived more benefit from.

This scenario best illustrate opportunity cost based on the fact you have to forgone one  alternative and choose the other which is valuing a year of college by turning down the employment offer.

Therefore we can conclude that this is an example of opportunity cost.

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Note that with respect to the deposite, it will take approximately 8.19 years for the account to reach $270,000.

To determine how   many years it will take for the account to reach $270,000,we can use the future value of an annuity formula.

The formula is -  

FV = P  x  [(1 + r)ⁿ⁻¹] / r

Where -  

FV = Future value ($270,000)

P = Annual deposit ($6,000)

r = Interest rate per period (13% or 0.13)

n = Number of periods (number of years)

We need to solve for n, so we can rearrange the formula as -  

n = log((FV  x  r / P) + 1) / log(1 + r)

Plugging in the values -  

n = log((270000  x  0.13 / 6000) + 1) / log(1 + 0.13)

Using a calculator, we find that n is approximately 8.19.

thus, it is corect to state that, it will take approximately 8.19 years for the account to reach $270,000.

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Account payable items is most likely a short-term liability.

Bonds payable, a 30-year finance lease, and deferred income taxes would all be paid overtime; therefore they are not current obligations.

nonetheless, accounts payable is probably a current liability.

What is finance lease?

A finance company is typically the legal owner of the asset for the duration of the lease in a finance lease, also known as a capital lease or a sales lease. The lessee has operational control over the asset as well as a portion of the financial risks and rewards associated with changes in the value of the underlying asset.

In further detail, it is a business relationship in which

The asset (equipment, software) will be chosen by the lessee (client or borrower);

The lessor (financial institution) will buy that asset;

Throughout the lease, the lessee will have access to that asset;

For the usage of the asset, the lessee will pay a series of rents or payments.

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Answer:

fines and/or lawsuits

Explanation:

The FTC Act prohibits unfair or deceptive advertising in any medium. That is, advertising must tell the truth and not mislead consumers