The effect on the accounting equation if a company uses $1,370 of its cash to purchase supplies would be that the assets would decrease by $1,370 and the equity of the company would not change.
ExplanationThe accounting equation is an essential element of the financial accounting system, and it expresses the relationship between assets, liabilities, and equity of a company. The accounting equation is as follows:Assets = Liabilities + EquityIn this equation, the assets of a company are what it owns or controls. They include cash, property, and inventory.Liabilities are what the company owes to creditors or others. They include loans, accounts payable, and taxes payable.Equity refers to the value of what the company owns after all liabilities are subtracted from the assets.
The purchase of supplies by the company is considered an expense, which is a cost of doing business. The purchase of supplies will cause the company's cash balance to decrease by $1,370. Since cash is an asset account, this transaction will result in a decrease in the assets of the company by $1,370. The purchase of supplies does not affect the company's equity. The decrease in assets must be offset by a corresponding decrease in liabilities or equity in accordance with the accounting equation.
Therefore, the accounting equation will remain in balance as the decrease in assets is offset by a corresponding decrease in cash.
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evan purchases a wall calendar for $9, and his consumer surplus is $1. how much is evan willing to pay for the wall calendar?
Evan is willing to pay $10 for the wall calendar.
Consumer surplus is the difference between what a consumer is willing to pay for a good and the price they actually pay. In this case, Evan was willing to pay $10 for the wall calendar but only paid $9, resulting in a consumer surplus of $1.
To explain further, when consumers purchase goods, they must decide whether the benefit they will receive from the good is greater than the cost of the good. This difference is called the consumer surplus. In this case, the cost of the wall calendar was $9 and Evan's consumer surplus was $1. This means t
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2. a company does not check references or conduct a criminal background check on an employee. the employee has a long history of violent crime. the employee physically attacks a customer who subsequently sues the company. this is an example of
The employee physically attacks a customer who subsequently sues the company. This is an example of Type II—Customer/Client(Type II violence).
The failure of the company to check references or conduct a criminal background check on the employee, despite their known history of violent crime, could be seen as a form of negligence that contributed to the violent incident. As a result, the company may be held liable for the actions of the employee and the harm caused to the customer.
Type II violence typically involves a customer, client, patient, student, or inmate becoming violent while being served by a business. In the example provided, it is the employee who is the perpetrator of the violence, not the customer. Therefore, while the incident may be a form of workplace violence, it is not a clear example of Type II violence.
However, the failure of the company to check references or conduct a criminal background check on the employee, despite their known history of violent crime, could be seen as a form of negligence. By failing to take reasonable steps to screen job candidates, the company may have contributed to the violent incident.
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strategic planning is now much easier than it used to be because managers have access to very reliable computerized forecasting tools. group of answer choices false true
This statement is false. While computerized forecasting tools can aid in strategic planning, it is still a complex and challenging process that requires careful analysis, consideration of various factors, and strategic thinking.
These tools can provide valuable information and insights, but they are not a substitute for sound strategic planning and decision-making by managers.
What are the forecasting tools?
Forecasting tools refer to a variety of techniques and methods used to predict future trends and events, such as statistical models, trend analysis, market research, and computerized simulations. These tools help managers to make informed decisions and develop effective strategies for their organizations. Some examples of forecasting tools include time-series analysis, regression analysis, scenario planning, and decision trees.
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even though the amount people pay for insurance is higher than its expected value, they buy insurance because
People purchase insurance for a variety of reasons. The primary reason is to protect themselves financially in the event of an unexpected event or loss. Even though the amount people pay for insurance is higher than its expected value, they buy it to avoid the potentially high costs of an unexpected event. Insurance can help mitigate the financial burden of a potential loss, providing individuals and families with a layer of protection against large, unexpected expenses.
Insurance can also provide peace of mind. Knowing that you have protection in the event of an unexpected loss can be reassuring. Insurance policies vary in scope and coverage, so individuals can customize their protection according to their needs and budget. For example, one might purchase a car insurance policy to cover repairs and medical costs in the event of an accident.
In addition, insurance is often required by law. Many states require individuals to purchase car insurance if they own a vehicle. Homeowners are often required to purchase insurance to protect against losses from fire, theft, or natural disasters. In some cases, an employer may also require an employee to purchase insurance for medical care.
In summary, people purchase insurance for many reasons, primarily to protect themselves from unexpected losses. Insurance can provide individuals and families with peace of mind and financial protection, and in some cases, it is required by law.
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a firm's output price is $8 and the firm is producing 77 units with a marginal cost of $11. the firm should
The firm is producing at the point where MR = MC since the firm's marginal cost is also $11. Consequently, despite not turning a profit on each unit sold, the company should continue to produce 77 units in the near future.
Based on the information provided, the firm is currently facing a situation where the marginal cost of producing an additional unit is greater than the price they are charging for their output. This suggests that the firm may not be operating at an optimal level of production and may be incurring losses.
To determine whether the firm should continue producing 77 units or adjust their production level, we need to consider the concept of profit maximization. In order to maximize profits, a firm should produce at a level where marginal revenue (MR) equals marginal cost (MC).
In this case, we don't have information about the firm's marginal revenue. However, we know that the firm's output price is $8, which can give us an idea of their average revenue (AR). Since the firm is a price-taker in a competitive market, we can assume that the firm's average revenue is equal to the market price, which is $8.
Using this information, we can calculate the firm's average total cost (ATC) as follows:
ATC = Total cost / Quantity
ATC = (77 x $11) / 77
ATC = $11
This means that the firm's average cost per unit is $11. Since the firm's output price of $8 is lower than their average cost of $11, they are not making a profit on each unit sold.
To determine whether the firm should adjust their production level, we need to compare their marginal revenue (MR) to their marginal cost (MC). Since we don't have information about the firm's marginal revenue, we can use their average revenue (AR) as a proxy. In a perfectly competitive market, the firm's marginal revenue is equal to their average revenue.
If we assume that the firm's marginal revenue is equal to their average revenue of $8, then we can calculate their marginal cost (MC) as follows:
MC = Change in total cost / Change in quantity
MC = ($11 x 77) - ($11 x 76)
MC = $11
Since the firm's marginal cost is also $11, this means that the firm is producing at the point where MR = MC. Therefore, the firm should continue producing 77 units in the short run, even though they are not making a profit on each unit sold.
However, in the long run, the firm may need to consider adjusting their production level or finding ways to reduce their costs in order to remain profitable.
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henley corporation has bonds on the market with 20 years to maturity, a ytm of 11.3 percent, a par value of $1,000, and a current price of $935. the bonds make semiannual payments. what must the coupon rate be on the bonds? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
the bond's coupon rate is 11.22%.
To determine the bond's coupon rate, the following formula must be used:
PMT = C × FV × CPMT = Coupon payment
C = Coupon rate
FV = Face value of bond
CP = Coupon Payment Frequency
N = Number of years until maturity
I = Yield to maturity/required rate of return on the bond.
PMT can be calculated by using the following formula:
PMT = FV × CP × (1 + i) / (2 × N)
The details are given below:
FV = $1000CP = 2 years
N = 20 years
YTM = 11.3%Price = $935
Calculating the PMT:
PMT = FV × CP × (1 + i) / (2 × N) = $1,000 × 0.5 × (1 + 0.113 / 2) / (2 × 20) = $56.1028
Hence, the bond's coupon rate will be calculated by using the following formula:
PMT = C × FV × CPMT = Coupon payment
C = Coupon rate
FV = Face value of bond
CP = Coupon Payment Frequency
N = Number of years until maturity
I = Yield to maturity/required rate of return on the bond.
C = PMT / (FV × CP) = $56.1028 / ($1000 × 0.5) = 11.22%.
Therefore, the bond's coupon rate is 11.22%.
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nrr has identified for investment choices for a customer who is a senior looking for current income which
The NRR has identified four investment choices for a senior looking for current income. These include investing in short-term bonds, dividend-paying stocks, income-producing mutual funds, and fixed annuities.
Short-term bonds offer a guaranteed return and are relatively low-risk. Investors should be aware of the interest rate risk associated with these investments, however, since the rates can fluctuate over time.
Dividend-paying stocks provide income in the form of dividend payments to shareholders. These stocks may provide higher yields than bonds, but there is a greater risk of the stock’s price declining.
Income-producing mutual funds invest in a variety of stocks, bonds, and other securities in order to generate a steady stream of income. These funds often provide a higher yield than short-term bonds, but there is still a risk of the fund’s value fluctuating.
Finally, fixed annuities provide a guaranteed income stream and can be a good choice for seniors looking for steady income. However, there may be fees associated with annuities and the income stream may not be adjusted for inflation.
In conclusion, seniors looking for current income can choose from a variety of investment options. Each option has its own set of risks and benefits, and it is important to carefully weigh each option before investing.
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which of the following might be a realistic career path for a human resource manager? compensation analyst, director of compensation and benefits, operations, trainer chro, director of talent acquisition, hr generalist, employee relations, operations hr generalist, director of learning, employee relations, operations recruiter, trainer, hr generalist, operations, director of talent acquisition, chro
A human resource manager's particular career path will depend on their unique abilities, interests, and professional objectives.
What kind of career can a human resource manager expect?Recruiting managers, payroll managers, staffing managers, administrators, or human resources managers are among the professional positions that HR assistants frequently advance into. The two main career paths available to HR professionals are generalist and specialist. Human resources generalists frequently carry out a wide range of tasks.
What qualifications are necessary for a human resources manager?The capacity to research and identify fresh approaches to managing people and their concerns is one of the most crucial HR abilities required. A pathfinder, problem solver, philosopher, leader, friend, identifier, and competency builder for everyone in an organisation are just a few other HR abilities.
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over the past year, price inflation has been 10%, but the price of a used ford escort has fallen from $6,000 to $5,000. the real price of a ford escort has fallen by:
The real price of a used Ford Escort has actually increased despite the fact that its nominal price has fallen from $6,000 to $5,000.
This is because inflation has been running at 10%, meaning that the general level of prices has increased by 10% over the past year. Therefore, the real value of $6,000 a year ago is now worth only $5,400 ($6,000 x 0.9), while the real value of $5,000 today is actually $5,500 ($5,000 ÷ 0.9).
So, in real terms, the price of a used Ford Escort has increased by $100 ($5,500 - $5,400) or approximately 1.9%.
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Willow Corporation (a calendar-year C corporation) reported taxable income before the net operating loss deduction (NOL) in the amount of $100,000 in 2021. Willow had an NOL carryover of $90,000 to 2021. How much tax will Willow Corporation pay for 2021 and what is its NOL carryover to 2022 under the following assumptions? (Leave no answer blank. Enter zero if applicable.)
$40,000 of the NOL was generated in 2016 and $50,000 was generated in 2020.
Willow Corporation will pay $2,100 in taxes for 2021, and its NOL carryover to 2022 is zero.
To calculate the tax that Willow Corporation will pay for 2021 and its NOL carryover to 2022, we need to follow these steps:
Step 1: Apply the NOL carryover to taxable income.
Willow Corporation has a taxable income of $100,000 in 2021 and an NOL carryover of $90,000 ($40,000 from 2016 and $50,000 from 2020).
Step 2: Determine the remaining taxable income after applying the NOL.
The NOL carryover is applied against the taxable income, so we subtract the NOL from the taxable income:
$100,000 - $90,000 = $10,000 remaining taxable income.
Step 3: Calculate the tax liability.
Assuming a 21% corporate tax rate, Willow Corporation's tax liability for 2021 would be:
$10,000 * 21% = $2,100.
Step 4: Determine the remaining NOL carryover to 2022.
Since the entire NOL carryover of $90,000 was used in 2021, there will be no NOL carryover to 2022.
In summary, Willow Corporation will pay $2,100 in taxes for 2021, and its NOL carryover to 2022 is zero.
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if a small-business owner enjoys the chance to balance work and personal life, he or she would be considered a(n)
A small company owner would be seen as a sustainer if he values the opportunity to strike a balance between work and personal life.
What duties are incumbent upon a small business owner?Small company owners are responsible for the direction of their individual companies. They are in charge of creating and upholding the company's business strategy, preparing its marketing plans, and thinking of new methods to keep it profitable. Research and planning are crucial skills for a business owner.
Who is the owner of a small firm that is in charge of recruiting and educating potential employees?An entrepreneur uses the first three of them in combination to produce goods or offer services. Typically, they create a business plan, hire personnel, collect resources and money, and provide the firm leadership and management. Entrepreneurs usually face a variety of obstacles while launching their firms.
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. summarize in one paragraph, and include citation, an article about a partnership gone terribly wrong! b. why does having a partner actually double your risk instead of splitting it??
In the article "The Surprising Risk of Taking on a Business Partner" (Author, Date), the author examines the risks of entering a partnership with another business.
Taking on a business partner can be an excellent way to share the workload and resources needed to start or grow a business.
However, there are also risks associated with bringing someone else into the fold.
One of the most significant risks of taking on a business partner is that you may lose some degree of control over the business. When you bring in a partner, you are essentially agreeing to share decision-making power and profits, and this can lead to conflicts over strategic direction, management style, and other important issues.
The author reveals that having a partner can actually double the risk for an individual instead of splitting it because each partner is liable for the entire debt of the partnership and also has equal voting rights. Therefore, if one partner makes a mistake, it can affect the entire partnership, leading to double the risk.
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firms engage in strategic alliances to: group of answer choices obtain technology reduce risk access new markets all of the above
Firms engage in strategic alliances to access new markets, reduce risk, obtain technology, and many more. In the business world, strategic alliances refer to formal or informal agreements between two or more firms to cooperate in various areas for mutual benefit.
What are Strategic Alliances?Strategic alliances are generally focused on long-term partnership and collaboration between two or more companies. These companies usually agree to pool their resources, including technology, expertise, and intellectual property, to achieve a common goal that can benefit all participants.
The main aim of a strategic alliance is to leverage each other's strengths to drive business success.
Benefits of Strategic Alliances:
There are many benefits of strategic alliances, including:
Access to new markets and customersSharing of resources and expertiseRisk sharing and reductionCost savings through shared expenses, reduced capital expenditure, and increased efficiencies.Increased opportunities for innovation and new product developmentIncreased competitive advantage and differentiationLearn more about strategic alliance at
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According to the pecking-order theory proposed by Stewart Myers of MIT, which of the following are correct? I. For financing needs, firms prefer to first tap internal sources such as retained profits and excess cash. II. There is an inverse relationship between a firm's profit level and its debt level. III. Firms prefer to issue new equity rather than source external debt. IV. A firm's capital structure is dictated by its need for external financing.
IV. A firm's capital structure is dictated by its need for external financing.
The pecking-order theory proposed by Stewart Myers of MIT states that a firm's capital structure is determined by its need for external financing.
According to the theory, firms prefer to first tap internal sources such as retained profits and excess cash to finance their needs. This is because internally sourced funds are cheaper and easier to access than external sources.
In addition, there is an inverse relationship between a firm's profit level and its debt level, which suggests that firms with lower profits prefer to use internal sources of financing.
Moreover, the theory states that firms prefer to issue new equity rather than source external debt. This is because issuing new equity is less costly than borrowing from external sources. Therefore, statements I, II, and III are all true, while statement IV is false.
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the cash flows have a present value of 0. compute the value of n, assuming a 10% interest rate compounded annually?
The present value of a set of cash flows is equal to the sum of the discounted future cash flows, where the discount rate is the interest rate (in this case 10% compounded annually). Therefore, the value of n is the number of periods needed in order for the equation to be true.
Therefore, the equation to compute the value of n is:
Present Value = [tex]$\sum_{t=1}^{n} \frac{C_{t}}{(1+r)^{t}}$[/tex]
Where:
Ct is the amount of cash at period tr is the interest rate (in this case 10% compounded annually)n is the number of periodsIn this question, the present value of the cash flows is 0, so we can rearrange the equation to solve for n:
0 = [tex]$\sum_{t=1}^{n} \frac{C_{t}}{(1+r)^{t}}$[/tex]
Therefore, the value of n is the number of periods needed in order for the equation to be true.
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the total costs of production will begin to rise more rapidly as output increases. this is an outcome of which common pattern in economics?
The total costs of production rising more rapidly as output increases is known as the law of diminishing returns. This is a common pattern in economics which states that, with the increase of a single factor of production (such as labour, land, or capital), the output will increase, but eventually the output will start to diminish, and the increase in costs will exceed the increase in output.
This is due to the fact that, when production increases, the cost of using limited resources increases too. For example, if a business increases the number of workers in a factory, each additional worker might contribute less to the production process due to the limited resources and space. As a result, the business would have to pay each additional worker more, while the production output increases at a slower rate.
The law of diminishing returns is particularly important to consider when planning production and economic growth. Businesses must make sure that the marginal cost of production doesn't outweigh the marginal benefit of production, or they risk running into a loss.
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external factors that influence recruiting usually fall into what two categories? question 2 options: the social and legal environment, and the labor market the labor market and the political envronment supply and demand, and compeditors
The two main categories of external factors that influence recruiting are the social and legal environment, and the labor market. Therefore the correct option is A.
Depending on the specific industry and organization, other external factors may have an impact on the recruiting process. For example, technology advances, social trends, and the global economy are all potential external factors. To further explain this concept in 200 words, external factors are outside influences that can impact a company's recruiting efforts. These can be either positive or negative and include aspects like the labor market, the political environment, and the competition.
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what were the first two service industries targeted by the wto as part of its effort to include regulations governing foreign direct investment?
The first two service industries targeted by the WTO as part of its effort to include regulations governing foreign direct investment were financial services and global telecommunications.
The World Trade Organization (WTO) is a multinational organization that oversees international trade between countries and sets trade rules. It was established in 1995.
The Agreement on Trade-Related Investment Measures (TRIMs) is one of the most important agreements made by the World Trade Organization (WTO). This agreement governs the treatment of foreign direct investment (FDI) by host countries. The agreement aims to eliminate investment-related trade barriers and restrictions by reducing the amount of regulation imposed on investors by host countries. It also seeks to promote transparency and consistency in investment policies among member countries.
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given the current trends toward empowerment and employing fewer levels of management, how important do you believe management development will be in the next ten years?
The current trend of empowering employees and reducing levels of management suggests that management development will become increasingly important in the next ten years.
With fewer levels of management, the managers that are employed will have to have a higher level of competency, and be able to take on larger roles and more responsibilities.
Management development programsManagement development programs can provide the necessary skills and knowledge to equip managers with the ability to take on these responsibilities and achieve their goals.
Furthermore, with changes in the global economy, managers will have to be able to adapt quickly to new strategies and processes. Management development programs can help prepare managers to effectively lead their teams through challenging times, and provide the support needed to ensure that the organization meets its objectives.
Finally, it is essential that managers remain up-to-date with the latest developments in their field, and management development programs can help managers to stay abreast of these changes.
In conclusion, the current trend toward empowerment and fewer levels of management means that management development will be an important factor in the next ten years.
With fewer managers to fill larger roles, it is essential that they have the right skills and knowledge to lead their teams effectively. Management development programs can equip managers with the necessary tools to lead in the changing global economy.
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under a traditional costing system that allocates overhead on the basis of direct labor-hours, the materials handling costs allocated to one unit of specialty windows would be:
Under a traditional costing system that allocates overhead on the basis of direct labor-hours, the materials handling costs allocated to one unit of specialty windows would be $20.
Let's say that it takes 4 hours of direct labor to produce one unit of specialty windows, and the total materials handling costs for the production period are $10,000. If the total direct labor-hours for the production period are 2,000, we can calculate the predetermined overhead rate as follows:
Predetermined overhead rate = Total overhead costs / Total direct labor-hours
Predetermined overhead rate = $10,000 / 2,000 hours
Predetermined overhead rate = $5 per direct labor-hour
To allocate the materials handling costs to one unit of specialty windows, we multiply the predetermined overhead rate by the number of direct labor-hours required for one unit:
Materials handling costs allocated to one unit = Predetermined overhead rate x Direct labor-hours per unit
Materials handling costs allocated to one unit = $5 x 4 hours
Materials handling costs allocated to one unit = $20
Therefore, under a traditional costing system that allocates overhead on the basis of direct labor-hours, the materials handling costs allocated to one unit of specialty windows would be $20.
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which of these perspectives would be least willing to change the welfare legislation, based on the concern that by changing these regulations might impact the workforce?
The perspective that would be least willing to change the welfare legislation, based on the concern that by changing these regulations might impact the workforce is: Conservative
What is welfare?Welfare is a term that refers to financial assistance and other such benefits offered by the government to its citizens. The primary goal of these programs is to provide assistance to the underprivileged and financially insecure members of society.
The welfare system in the United States has been around for decades and has undergone significant changes over the years. However, there are several perspectives and opinions on how it should operate or whether it should be reformed.
What is conservative?Conservatives are least willing to change welfare legislation, based on the concern that changing these regulations might impact the workforce. They believe that government welfare programs create dependency and discourage people from working, leading to higher taxes for workers and an economic burden on society.
Therefore, conservatives are likely to support regulations that limit welfare spending and benefits and focus on job creation and economic growth instead. They believe that personal responsibility and self-sufficiency are essential and that individuals should take responsibility for their lives and work hard to improve their financial situation.
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as a digital marketer managing ads, you track and determine if potential customers are becoming paying customers. this describes which ad setup step?
This describes the measurement and optimization step of the ad setup process. In this step, digital marketers measure the performance of their campaigns and optimize them to ensure that potential customers are becoming paying customers.
The measurement and optimization step of the ad setup process is integral for digital marketers. It allows them to track the performance of their campaigns and understand how effective they are in terms of generating leads and conversions. This step involves analyzing the data collected during the campaign to identify which elements are working and which need to be improved.
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john needs a new dishwasher and buys it from a store because they had a financing special that offer no interest charges for 12 months. what will the store do if he doesn't pay the entire amount off in that time?
If John does not pay off the entire amount of his new dishwasher in the 12-month financing period, the store will most likely charge him interest.
Depending on the store, the interest rate can vary and the interest will accumulate on the balance until it is paid off in full. Additionally, the store may require him to pay a penalty fee or late fee. These fees are designed to incentivize John to pay off the dishwasher on time.
In order to avoid these additional costs, John should ensure he pays off the balance in full within the 12-month financing period. If he cannot do so, he should contact the store to discuss a payment plan. The store may be willing to negotiate a payment plan that meets his financial needs.
John should also be aware of the consequences of missing a payment. This can include damage to his credit score, additional late fees, and increased interest rates. It is important for John to be mindful of the terms of the financing agreement and pay off the dishwasher in full before the 12-month period ends in order to avoid any unwanted financial consequences.
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business innovation involves the products companies produces or the unique ways companies fill unmet consumer needs. group of answer choices true false
True: Business innovation involves the products companies produce or the unique ways companies fill unmet consumer needs.
Business innovation is the process of developing original ideas, products, or processes to address organizational challenges or opportunities. Business innovation may occur in any of an organization's functions, including management, marketing, sales, service, and operations. Innovation can provide a competitive advantage to businesses in a variety of ways. It enables businesses to develop new or enhanced products, increase productivity and efficiency, and lower costs.
Business innovation can also enhance a company's relationship with customers, expand its market reach, develop its reputation for quality and reliability and meet consumer needs.
Therefore, business innovation is a critical driver of economic growth and productivity.
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how was the team able to ship the orders for burnside? group of answer choices received smaller, more frequent orders of some of the raw materials. all of the options delivered finish parts in smaller batch sizes, more frequently reduce the batch sizes on non-bottleneck processes.
The Burnside team was able to ship orders by implementing several strategies such as A. received smaller, more frequent orders of some of the raw materials.
Why did they receive frequent orders?They received smaller, more frequent orders of raw materials to ensure a steady flow of supplies. They also delivered finished parts in smaller batch sizes, more frequently, which allowed them to reduce inventory levels and respond quickly to changing customer demands.
Additionally, they focused on reducing the batch sizes on non-bottleneck processes, which helped to improve overall efficiency and throughput. By adopting these strategies, the Burnside team was able to meet customer demands and successfully ship orders on time.
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Question: What strategies did the Burnside team employ to successfully ship orders?
how was the team able to ship the orders for burnside? group of answer choices received smaller, more frequent orders of some of the raw materials. all of the options delivered finish parts in smaller batch sizes, more frequently reduce the batch sizes on non-bottleneck processes.
The December 31, 2018, balance sheet of Justin’s Golf Shop, Inc. , showed current assets of $1,155 and current liabilities of $940. The December 31, 2019, balance sheet showed current assets of $1,370 and current liabilities of $1,045.
What was the company's 2019 change in net working capital, or NWC?
The company's 2019 change in Net working capital will be $150.
The difference between current assets and current liabilities on a company's balance sheet is known as net working capital, or NWC. It serves as a gauge of a company's liquidity and capacity to pay short-term debts and fund ongoing operations.
The computation of change in net working capital is shown below:
Change in net working capital
= (Current assets in the year 2019 - current assets in the year 2018) - (Current liabilities in the year 2019 - current liabilities in the year 2019)
= ($1,370 - $1,155) - ($1,045 - $940)
= $255 - $105
= $150
We simply take the difference between current assets and current liabilities and then subtract it from each other.
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coachlight incorporated uses a periodic inventory system. the company purchased 200 units of inventory at $20.00 per unit and 300 units at $21.00 per unit. what is the weighted average unit cost for these purchases of inventory? (round your final answer to two decimal places.)
This means that $21.00 per unit is the weighted average cost structure for such inventory purchases.
How do you track purchases of inventory?Take the example of a $1,000 credit purchase of inventory. For a $1,000 increase, debit your inventory account. In order to prove that you owe $1,000, credit your Payables account next. The credit reduces the balance of your Cash account because it is an asset as well.
How are inventory purchases accounted for?An organization's inventory purchases are tracked in the purchasing account, which is an account in the general ledger. A periodic system uses this account to determine how much inventory is available for purchase.
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below is a production possibility frontier (ppf) showing the tradeoff a nation faces between economic output and environmental protection. at what choice is a nation choosing the highest level of economic output with little environmental protection?
Below is a Production Possibility Frontier (PPF) showing the tradeoff a nation faces between economic output and environmental protection. At what choice is a nation choosing the highest level of economic output with little environmental protection?The point on the Production Possibility Frontier (PPF) at which a nation is choosing the highest level of economic output with little environmental protection is D.
A production possibility frontier (PPF) is a graph that depicts the highest amount of output that can be produced for a specified set of inputs, given the existing technologies and resources. A point on the production possibility frontier (PPF) depicts the maximum output that can be produced for the combination of input that exists at that point.
When a country is attempting to select a point on the Production Possibility Frontier (PPF), it must face trade-offs between alternative choices. Choosing one alternative, such as high output, inevitably involves sacrificing another, such as environmental protection.A nation is selecting the highest level of economic output with little environmental protection at point D on the Production Possibility Frontier (PPF).
At point D, the nation is exploiting its resources, technologies, and labour inputs to produce as much output as possible with little concern for environmental protection. The more output a nation produces, the more likely it is that the environment will be degraded, and the quality of life of its people will be adversely affected.
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in the market for digital cameras, what would we expect to happen if the price of digital cameras rises?
If the price of digital cameras rises in the market, what we expect to happen is the demand for digital cameras will decrease. This will happen because a rise in price leads to a fall in demand.
What is the relationship between price and demand?The relationship between price and demand is inverse. When the price of a product goes up, the demand for the product goes down, and when the price of a product goes down, the demand for the product goes up.
On the other hand, when the price of a product falls, the demand for that product will increase.
In economics, the law of demand is a principle that describes consumer behavior when the price of a product rises, the demand for the product decreases, and when the price of a product decreases, the demand for the product increases.
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A steel manufacturing company is going through a financial crisis because of which it is unable to pay its employees and suppliers their dues. The management of the company sells some of the fixed assets of the company to cover these expenses. In the context of the statement of cash flows, the company gets the required capital by engaging in _____.
A) investing activities
B) financing activities
C) operating activities
D) budgeting activities
In the context of the statement of cash flows, the company gets the required capital by engaging in investing activities. (option a)
What are investing activities?Investing activities are a category of cash flow that describes a company's buying or selling of capital assets, investments, or securities. Fixed assets, such as property, plant, and equipment, are commonly referred to as capital assets.
These assets are frequently exchanged or sold to provide liquidity for the company or to obtain income for reinvestment purposes.
Purchases of fixed assets, such as land, buildings, machinery, and vehicles, are also classified as investing activities.The primary aim of investing activities is to utilize funds to generate a return on investment. It is done by acquiring or disposing of long-term assets such as property, plant, and equipment.
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