Retail Method; Gross Profit Method Selected data on merchandise inventory, purchases, and sales for Jaffe Co. and Coronado Co. are as follows: Cost Retail Jaffe Co. Merchandise inventory, February 1 $400,000 $615,000 Transactions during February: Purchases (net) 4,055,000 5,325,000 Sales 5,100,000 Coronado Co. Merchandise inventory, May 1 $400,000 Transactions during May through October: Purchases (net) 3,150,000 Sales 4,750,000 Estimated gross profit rate 35% Required: 1. Determine the estimated cost of the merchandise inventory of Jaffe Co. on February 28 by the retail method, presenting details of the computations. Jaffe Co. Cost of the Merchandise Inventory February 28 Cost Retail $ $ $ $ Ratio of cost to retail price: % $ $ 2a. Estimate the cost of the merchandise inventory of Coronado Co. on October 31 by the gross profit method, presenting details of the computations.
Answers
Answer:
1. Estimated cost of the merchandise inventory of Jaffe Co. on February 28 by retail method us $733,764.71
2a. Estimated cost of the merchandise inventory of Coronado Co. on October 31st by gross profit method is $462,500
2b. Estimated loss of inventory due to damage or theft during May through October is $96,000.
Explanation:
Please find attached detailed breakdown of the above questions and answers.
Related Questions
how has smartphones product changed the way business is conducted? What business innovations have occurred as a result of this product being offered?
Answers
answer amd explanation: i think smartphones are a distraction.
If an entrepreneur can establish a strong and trustworthy management team, then the
risk might be avoided.
O compliance
O financial
strategic
operational
Mark this and return
Ne
Answers
Answer:
operational
Explanation:
bc it is
If an entrepreneur can establish a strong and trustworthy management team, then the operational risk might be avoided. Thus option D is correct.
What is Team?When a group of people come together in an official setting and in a disciplined manner to achieve the common objective of business with individual roles and shared responsibilities representing teams.
A strong and trustworthy management team helps in better controlling and coordinating events which help to avoid operational risk and helps in producing efficient results with productivity.
The enforcement of laws safeguarding the environment and employees helps to reduce compliance risk, and building a stable number of clients helps in reducing financial risk.
Therefore, option D operational is appropriate.
Learn more about Risk, here:
https://brainly.com/question/15081839
#SPJ2
A regional automobile dealership sent out fliers to prospective customers indicating that they had already won one of three different prizes: an automobile valued at $28 comma 000, a $100 gas card, or a $5 shopping card. To claim his or her prize, a prospective customer needed to present the flier at the dealership's showroom. The fine print on the back of the flier listed the probabilities of winning. The chance of winning the car was 1 out of 31 comma 248, the chance of winning the gas card was 1 out of 31 comma 248 comma and the chance of winning the shopping card was 31 comma 246 out of 31 comma 248. Complete parts (a) through (c).
Answers
Answer:
the requirements are missing, so I looked for a similar question.
a. How many fliers do you think the automobile dealership sent out?
b. Using your answer to (a) and the probabilities listed on the flier, what is the expected value of the prize won by a prospective customer receiving a flier?
c. Using your answer to (a) and the probabilities listed on the flier, what is the standard deviation of the value of the prize won by a prospective customer receiving a flier?
a) the total fliers sent out = 31,246 + 1 + 1 = 31,248
b) expected value = [(1 x $28,000) + (1 x $100) + (31,246 x $5)] / 31,248 = $5.90
c) σ² = [($28,000 - $5.90)² x 1] + [($100 - $5.90)² x 1] + [($5 - $5.90)² x 31,246] / 31,248 = ($783,669,634.80 + $8,854.81 + $25,309.26) / 31,248 = $25,080.13
σ = √$25,080.13 = $158.37
Suppose the production of electricity by a utility generates pollution that harms others. Suppose also that Coase bargainingLOADING...can occur between the utility and the victims of pollution but that the utility has not been legally liable for the damages from its pollution. How would making the utility legally liable for the damages from its pollution affect pollution reduction? If the electric utility and the people suffering the effects of the utility's pollution can bargain, then making the utility legally liable for the damages from its pollution will
A. increase the amount of pollution reduction by decreasing the marginal cost of pollution reduction to the utility.
B. increase the amount of pollution reduction by increasing the marginal cost and increasing the marginal benefit of pollution reduction to the utility.
C. not change the amount of pollution reduction because the marginal benefit and marginal cost of pollution reduction will not change.
Answers
Answer:
B. increase the amount of pollution reduction by increasing the marginal cost and increasing the marginal benefit of pollution reduction to the utility.
Explanation:
The above is likely the answer due to the fact that, an increase of the marginal cost would likely lead to increasing the amount of pollution reduction all things being equal.
Even through the United States is traditionally viewed as a market economy, what role does the government have in the economy?
A. The government is in charge of setting the prices within the economy.
B. The government is in charge of the taxing and spending of the government.
C. The government has no role within the market economy of the United States.
D. The government is to make sure that there is fairness and equity within all markets of the economy.
Answers
Answer:
D. The government is to make sure that there is fairness and equity within all markets of the economy.
Explanation:
The USA is a predominantly free-market economy. Entrepreneurs are free to decide where and the nature of the business to set-up. Buyers have the liberty to purchase from their preferred suppliers. Demand and supply forces determine the goods and services to be availed in the market and their prices.
The US government participates in the economy as a regulator. Its primary role is to promote fair competition among suppliers, guard consumers against unfair exploitation by traders, and safeguard worker interest. The government may provide essential public services such as roads, health, and education but the majority of factors of production are in the private sector.
the answer is B. The government is in charge of the taxing and spending of the government.
Refer to Exhibit 4-11. Suppose that the government imposes a price ceiling in the market for good ABC at a price of $4. The number of units that would be exchanged in the market for good ABC at the price ceiling would be _________ units.
Answers
Question Completion:
Exhibit 4-11
Price of Good ABC Quantity Demanded Quantity Supplied
$4 100 40
5 80 80
6 60 110
7 50 160
Options:
a. 20
b. 40
c. 100
d. 60
Answer:
The number of units that would be exchanged in the market for good ABC at the price ceiling would be _________ units.
b. 40
Explanation:
The suppliers of good ABC cannot sell above $4 since it is the price ceiling. A price ceiling is the opposite of a price floor. A price ceiling usually prevents the market of good ABC from reaching equilibrium as suppliers will be unwilling to supply more units of ABC.
A popular fried chicken franchise opened their operations in China. Their Beijing outlet translated the tagline, Finger-lickin' good" to "Eat your fingers off." Using online research, briefly summarize five other examples of poor cultural language and cultural awareness in advertising.
Answers
Answer:
1. American Motors
A translatable product name is an important element in global branding and can derail a marketing campaign before it even starts. American Motors made this mistake in the early 1970s when naming its midsize car, the Matador. Although the name was intended to conjure images of courage and strength, it may have been a little too aggressive for Puerto Rican consumers – in Spanish, "matador" translates to "killer." Needless to say, the name didn't instill a great deal of confidence in drivers.
2. BMW
The German car giant BMW made the marketing mistake of improperly using the UAE national anthem in a car commercial. The ad displayed the Al Ain Football Club singing the anthem and then breaking into a run toward several BMW cars when they heard the sound of the engine. Although the brand was trying to arouse intense emotion, it evoked rage instead of passion. Emiratis found it incredibly offensive that the car company suggested their cars were more important than the anthem. The company explained its intent was never to offend, and it soon replaced the ad with a less offensive version.
3. Braniff Airlines
Braniff Airlines got in trouble in 1987 when it promoted its new leather seats south of the border with the same campaign it used in the United States: "Fly in leather." While the Spanish translation, "Vuela en cuero," was appropriate throughout much of Latin America, it had different connotations in Mexico, where the expression also means "fly naked." The promotion may have appealed to some flyers, but it was far from the message the airline intended to send.
4. Coors
American beer maker Coors discovered that slang doesn't always translate well. When launching its "Turn it loose" campaign to Spain, it appears executives forgot to ensure the translation would resonate with consumers. When translated into Spanish, the tagline used an expression that's commonly interpreted as "suffer from diarrhea." While the campaign made its mark on Spanish shoppers, it was for all the wrong reasons.
5. Ford
Auto giant Ford found that in Belgium, enticing customers with a dead body in every car isn't the best way to make a sale. Hoping to highlight the cars' excellent manufacturing, Ford launched an ad campaign in the European country that execs thought said, "Every car has a high-quality body." However, when translated, the slogan read, "Every car has a high-quality corpse" – far from the image they were hoping to invoke.
6. Pampers
Sometimes, companies run into problems overseas not just for what they say but how they say it. When Procter & Gamble started selling its Pampers diapers in Japan, the packaging featured an image of a stork delivering a baby. While the imagery may have worked in the U.S., it never caught on with Japanese parents. After some research, the company learned that customers were concerned and confused by the image of a stork on the packaging. The tale of a stork delivering a baby to parents isn't part of Japanese folklore. There, stories tell of giant floating peaches bringing babies to awaiting parents.
Explanation:
Answer:
Sometimes marketers try to convince consumers overseas that their product goes beyond traditional cultural barriers by simply translating the original taglines or ignoring cultural barriers. This is where they go wrong. Here are some examples:
A company that made baby foods entered the market in Africa where they used their original packaging of containers with baby pictures on them. In Africa, most companies follow the tradition of putting picture of contents on the packaging. So, putting the picture of a baby on the packaging proved to be a bad brand strategy.
A famous cereal brand had to rename their product name in Sweden after it was translated into the local language as “burned farmer.”
A well-known bank with an ad campaign that read, "Assume Nothing," had to reconsider their campaign when they launched their operations overseas. They had to change their tagline because the tagline translated to "Do Nothing" in many countries.
An automobile company tried to sell cars in Mexico using a tagline that roughly translated to “the car doesn’t move”.
A beverage company used characters in Chinese that sounded like the brand name but read as “Bite the wax tadpole.” They later used a different tagline, this time being more careful.
Explanation:
Target market for a skating rink?
Answers
Answer:
Civic organizations, school groups, and church groups are key target markets for McKenzie Roller Rink. Parties with over ten people would be considered a group. It is our intent to create a wholesome family atmosphere and so there will be an effort to encourage families to consider skating as a recreational option.
To deal with a wartime economic crisis in 1779, Congress urged states to: a. seek loans from friendly European governments. b. allow the free market to operate without regulation. c. adopt measures to fix wages and prices. d. raise taxes on the wealthy. e. establish food banks to distribute food to the needy.
Answers
Answer:
C. adopt measures to fix wages and prices.
Explanation:
Between 1775 - 1783, the thirteen (13) colonies in Congress warred against the British because of its lack of colonial representation and the objection of the British to the direct taxation method introduced by the parliament. This war was known as the American revolutionary war or American war of independence.
Consequently, this war resulted in a deep economic crisis and inflation for the people of America.
To deal with this wartime economic crisis in 1779, Congress urged states to adopt measures to fix wages and prices such as refusal to issue continental dollars but resort to the issuing of tax adjustment notes, loan office certificates, warrants, quartermaster notes, etc.
The city of Ann Arbor Michigan buys a police car manufactured in Germany. In the GDP accounts this transaction is included in a. in government expenditures and exports. b. government expenditures and imports. c. exports, but not government expenditures. d. imports, but not government expenditures.
Answers
Answer:
A. In government expenditures and imports.
Explanation:
We are informed about how The city of Ann Arbor Michigan buys a police car manufactured in Germany.
In the case of this transaction, it is included in GDP accounts in government expenditures and imports.
GDP which is known as Gross Domestic Product can be explained as the total market value of domestic finished goods/service that are been produced in a particular period in a country. The net export, as well as consumption and government expenditures and investment are taking into consideration in GDP. It should be noted that social security payment is not accounted with GDP
The expected rate of return on Happy Dog Soap's stock over the next year is ---------.
The expected rate of return on Black Sheep Broadcasting's stock over the next year is------.
Answers
Answer:
The first part of the question is missing, so I looked for it.
The expected rate of return on Happy Dog Soap's stock over the next year is:
= (return if market is strong x probability of strong market) + (return if market is normal x probability of normal market) + (return if market is weak x probability of weak market) = (33% x 0.25) + (20% x 0.45) + (-26% x 0.30) = 9.45%
The expected rate of return on Black Sheep Broadcasting's stock over the next year is:
same formula as before = (46% x 0.25) + (26% x 0.45) + (-33% x 0.30) = 0.133%
Elysha has a monthly gross income of $3,000 and a monthly debt load of $500. How can her debt-to-income ratio be classified?
Answers
Answer:
Her debt to income ratio is classified as favorable
Explanation:
The given information are;
Elysha's gross monthly income = $3,000
The amount she pays as debt each month = $500
Therefore, her debt to in to income ratio, DTI, is given as follows;
DTI = (Amount payed as debt)/(Gross income) = $500/$3,000 ≈ 0.167
We multiply by 100 to express the result as a percentage, to get;
0.167 × 100 = 16.7%
Given that her debt to income ration is less than 35%, her debt to income ratio is classified as favorable and she has a manageable debt.
Answer: Good—between 15 and 20 percent
Explanation: All you have to do is find what the different percents of 3,000 are and see which one is the closest.
In the month of November, Cullumber Company Inc. wrote checks in the amount of $10,230. In December, checks in the amount of $11,815 were written. In November, $8,240 of these checks were presented to the bank for payment, and $10,655 in December. There were no outstanding checks at the beginning of November. What is the amount of outstanding checks at the end of November? At the end of December? November December The amount of outstanding checks $enter a dollar amount $enter a dollar amount
Answers
Answer and Explanation:
The computation of the outstanding checks is shown below:
For the November end
= Checks - presented in the bank
= $10,230 - $8,240
= $1,990
For the December end
= Checks - presented in the bank + presented in th bank - checks
= $10,230 - $8,240 + $11,815 - $10,655
= $3,150
We simply applied the above formula
Property can be transferred within the family group by gift or at death. One motivation for preferring the gift approach is: a. To take advantage of the per donee annual exclusion. b. To shift income to higher bracket donees. c. To take advantage of the higher unified transfer tax credit available under the gift tax. d. To avoid a future decline in value of the property transferred.
Answers
Answer: a. To take advantage of the per donee annual exclusion.
Explanation:
One motivation for preferring the gift method when transferring property within the family group by gift or at death is to take advantage of the per donee annual exclusion.
It should be noted that the annual exclusion is referred to as the amount of money that can be transferred from one individual to another individual as a gift and in this case, a gift tax won't be charged on such gift.
What is the rule of positive self talk
Answers
Answer:
be positive i guess. like always see the good side in things.
Explanation:
Answer:
The rule of positive self talk is simple. Don't say anything to yourself that you wouldn't say to anyone else. Be gentle and encouraging with yourself. If a negative thought enters your mind, evaluate it rationally and respond with affirmations of what is good about you.
Explanation:
100 in edge2020
Lawn maintenance is an alternative energy source career.
A.
True
B.
False
Answers
Answer:
False
Explanation:
Lawn maintenance isn't
Answer:
The answer is false
Explanation:
Farmer Owens has an apple orchard that must be pollinated by bees in order to bear fruit. Farmer Owens's neighbor, Maude, owns beehives with bees that can pollinate the apple trees. Suppose the benefit of the bees to Farmer Owens is $5,000 per year. Suppose the bees provide no benefit to Maude but she must pay $3,000 per year to maintain the hives. If Farmer Owens and Maude engage in Coasebargaining, what would likely result?
A. Farmer Owens would pay Maude between $3,000 and $5,000 to maintain the hives.
B. Maude would pay Farmer Owens between $3,000 and $5,000 to maintain the hives.
C. Farmer Owens would pay Maude between $0 and $5,000 to maintain the hives.
D. Farmer Owens would pay Maude at least $5,000 to maintain the hives.
E. Farmer Owens would not be willing to pay Maude an amount such that she would maintain the hives.
Answers
Answer:
E. Farmer Owens would not be willing to pay Maude an amount such that she would maintain the hives.
Explanation:
Remember, coerce bargaining implies that one party to a bargain uses their ability or privilege or advantage to force or pressure the other party to accept the bargain.
Hence, Farmer Owens, who seems to have a better advantage over Maude would likely coerce her into accepting his offer by not been willing to pay Maude an amount such that she would maintain the hives.
Part A
In the video, what tax cut is President Obama extending?
Answers
Answer: He is announcing an extension of a cut in payroll taxes.
Explanation: edmentum/ plato
Draw a correctly labeled graph of a housing market in equilibrium. On your graph, illustrate an effective legal limit (ceiling) on rent. Identify the quantity of housing demanded, the quantity of housing supplied, and the size of the resulting surplus or shortage.
Answers
Answer:
In the first picture I uploaded, I show the housing market equilibrium without any effective legal ceilings on rent. In this equilibrium, the quantity demanded and the quantity supply reach an equilibrum of 70, at a price of $1,100 per rent.
In the second picture I uploaded, we can see the price ceiling in red. The price ceiling does not allow the rent to reach equilibrium, which causes a demand of eighty houses, but a supply of sixty houses, leading to a housing shortage of 20 houses.
Value of a mixed stream Harte Systems, Inc., a maker of electronic survillance equipment, is considering selling the rights to market its home security system to a well-known hardware chain. The proposed deal calls for the hardware chain to pay Harte $28 comma 000 and $23 comma 000 at the end of years 1 and 2 and to make annual year-end payments of $18 comma 000 in years 3 through 9. A final payment to Harte of $30 comma 000 would be due at the end of year 10. a. Select the time line that represents the cash flows involved in the offer.
Answers
Answer:
a. Select the time line that represents the cash flows involved in the offer.
NCF1 = $28,000
NCF2 = $23,000
NCF3 = $15,000
NCF4 = $15,000
NCF5 = $15,000
NCF6 = $15,000
NCF7 = $15,000
NCF8 = $15,000
NCF9 = $15,000
NCF10 = $30,000
If you want to compare this set of cash flows to another offer, you will need to calculate the present value first. E.g if you use a 12% discount rate, the PV of these cash flows = $107,570.
To measure ingredients accurately, it is best to measure items in as many
measurements as possible.
TRUE
FALSE
Answers
Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of €1,000, 15 years to maturity, and a coupon rate of 6.9 percent paid annually. If the yield to maturity is 8 percent, what is the current price of the bond?
Answers
Answer:
€905.85
Explanation:
The current price of the bond is its Present Value (PV) this is calculated as follows :
Fv = €1,000
n = 15
Pmt = €1,000 × 6.9% = $69
i = 8%
P/yr = 1
Pv = ?
Using a financial calculator to enter the values as above, the PV is €905.85.
Thus, the current price of the bond is €905.85.
On March 17th, Rollo's Antiques accepted a credit card for a $1,000 purchase. The credit card company charges a 2% service fee. The entry to record this transaction would include a A : credit to Service Charge Expense of $20. B : debit to Cash of $1,000. C : debit to Service Charge Expense of $20. D : credit to Cash of $980.
Answers
Answer:
C : debit to Service Charge Expense of $20
Explanation:
The complete journal entry used to record this transaction would be:
March 17, 202x, sales revenue
Dr Cash 980 (assuming the transaction is processed automatically)
Dr Service charge (or Credit card) expense 20
Cr Sales revenue 1,000
Since the credit card company is charging you a 2% commission ($20), we must consider it an expense. Remember that all expenses must be debited.
Riskier investments can yield higher returns:
A) but, are generally less expensive
B)but, generally experience steeper downturns
C) so, you should invest all your money in high risk stocks
D) none of the above
Answers
The Riskier investments can yield higher returns, Because They put your money at higher risk. This means that if things go well, high-risk investments can produce high returns.
What is the investment?Investment is the ceremonial of money to purchase an asset to attain an increase in value over a time period of time. Investment requires a sacrifice of some present quality, such as time, medium of exchange, or effort. In finance, the purpose of investing is to generate a return from the invested asset.
The risk investment may offer the chance of higher returns than other investments might produce, but they put your money at higher risk. This means that if things go well, high-risk investments can produce high returns. But if things go badly, you could lose all of the money you invested.
Therefore, Thus option (D) is correct.
Learn more about investments here:
https://brainly.com/question/15353704
#SPJ2
An environmental lawyer is not part of the Energy cluster.
True or False for K12
Answers
Answer:
True
Explanation:
Lawyers belong to the Law, Public Safety, Corrections, and Security cluster. Work under this career cluster revolves around protecting citizens and their rights. Lawyers train and acquire university degree before training at the law school.
Lawyers may specialize in a specific area such as crime, tax, environment, and so many others. Other prominent job titles for lawyers include Attorney General, Associate Attorney, Attorney, Attorney at Law, General Counsel, and Partner.
A process for making financial decisions is called _____.
Answers
Answer:
ouybouybo
Explanation:
Refer to exhibit 4-5. if a free market were allowed in the transplanted kidney market, then the equilibrium price would be p2. the number of kidneys transplanted would increase by _________ compared to the number transplanted at a price ceiling of p= $0. (q3 - q2) q2 (q2 - q1) (q3 - q1)
Answers
Answer:
(q2 - q1)
Explanation:
I have uploaded the picture the question refers to below.
We can see that under a price ceiling of $0, the quantity of kidneys supplied is Q1, and if the price ceiling is removed, and the market is allowed to reach equilibrium, the new quantity of kidneys supplied is Q2, so the increase in the supply of transplanted kidneys can be found by the formula (q2 - q1)
What are the two parts of the platform used to run application software? GUI and HCI hardware and operating system kernel and software configuration application base and operating system
Answers
Answer:
The answer is B
Explanation:
Answer:the answer is B hardware and operating system
Explanation:
URGENT- FINANCIAL MATH.One of the variable expenses that Roxy knows she’ll need to include in her budget is utilities. She decides to review her utility costs for the past year. Assuming the cost for utilities is the same in her new apartment, how much should Roxy budget each month for utilities this year? Explain your reasoning.
Answers
Answer:
Roxy should budget 2165. per year. So maybe a monthly of 144 for the average of the total. For the year I added all the months together and then monthly I added them together and then divided the total by 12 and the average is 144 a month.
Explanation:
If you add them all together that is the total. I hope this helps. But the utilities could be different where she is going.
Please help. Atleast the top 2
Answers
Answer:
Number 1 is Pure Market. Number two is socialist, I'm pretty sure.
Explanation:
Please mark me brainliest if someone else answers :>