Assume that Widgets, Inc. uses a perpetual specific identification inventory system. During the period, it sold 4 units from beginning inventory, 8 units from the Jan. 5 purchase, and 2 units from the Jan. 29 purchases. Calculate the dollar value of its cost of goods sold for the period.
Answers
Based on the inventory system being used and the sales and purchases during the period, the dollar value of the cost of goods sold is $204.
What is the dollar value of the cost of goods sold?The cost of goods sold is:
= Beginning inventory + Purchase on Jan.5 + Purchase on Jan 29
Solving gives:
= (4 x 12 per unit) + (8 x 15 per unit) + (2 x 18 per unit)
= 48 + 120 + 36
= $204
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Related Questions
In one day, Kessy can bake 10 cookies or mix 15 glasses of lemonade. His friend Ava can make 10 cookies or 10 glasses of lemonade. His other friend, Ian, can make 10 cookies or 20 glasses of lemonade. Who has the lowest opportunity cost in cookie production
Answers
Answer:
His other friend, Ian, can make 10 cookies or 20 glasses of lemonade.
Explanation:
Because if you rush through it the cookie my taste off so the price may be lower.
The impetus that pushes consumers to satisfy their unmet needs, such as having no laundry detergent to do the wash, is a(n) Blank______.
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The impetus that pushes consumers to satisfy their unmet needs, such as having no laundry detergent to do the wash, is a motive.
What is a Motivation?This refers to the internal or external drive that makes a person to do something, in hopes of a reward or to escape punishment.
Hence, we can see that based on the drive that is inherent in humans to accomplish a task, this leads them to satisfy their unmet needs and this is known as a motive.
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Labor costs charged to manufacturing overhead represent ______ labor costs.
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The indirect labour cost is shown when labour expenditures are applied to the manufacturing overhead account.
What are the types of overheads?
Overhead expenses include things like accounting fees, advertising, insurance, interest, legal charges, labor costs, rent, maintenance, supplies, taxes, phone bills, travel expenses, and utilities.
Business overheads may be divided into two categories:
administrative and manufacturing.Thus in the above statement, when labour costs are added to the manufacturing cost it gives rise to indirect cost
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Interview a business owner on this crisis experienced in the workplace
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There are several crises experienced by employees during recent pandemic. So, in an interview with a business owner regarding the crisis experienced, one can ask about how can businesses deliver better outcomes in times of a crisis.
What is an interview?An interview is a meeting or a formal consultation at which information is obtained (as by a reporter, television commentator, or pollster) from a person.
It is a conversation in which you and an employer exchange information. The main features of the interview are conducted in the form of conversation, which is shaped by certain guidelines and questions between the researcher and the respondent. It is used in surveys and participant observation methods.
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The goals of labor unions differ from those of management because employers want more profits and labor wants: Multiple choice question. higher prices for goods investment in new machinery increased technology better pay and working conditions
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The goals of labor are such that they want better pay and working conditions.
The ultimate goal of workers/laborA business is in operation to make a profit, likewise, labor or workers work to the end of being paid for the services rendered.
In addition to good pay, labor also requires good perks like health cover, safe and secure work conditions, and the environment.
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Looking for $100,000 salary? see how much the biggest u. S. Companies pay workers.
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It is a fact that about 25 top US companies pay their workers a medium average salary of more than $100,000 in 2021,
What is an average salary?This refers to the average amount of money that is earned by workers in a particular industry, economy, area,
In 2021, it is a well developed fact that about 25 top US companies pay their workers a medium average salary of more than $100,000 in 2021,
Therefore, the fact is a true statement.
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Why do promises make a difference in people ives
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Answer:
It gives people hope and trust in that person. Promiss are a mere social construct however they add that bit of extra trust to the mix
Match each online banking security practice with the PCI security requirement that mandates it.
vulnerability management program
credit card data protection
strong access controls
secure network
encrypting transfer of card data
installing a firewall
installing antivirus software
assigning unique IDs and user names
Answers
The correct matches are as follows:- encrypting transfer of card data ⇒ strong access controls, credit card data protection⇒ installing a firewall, installing antivirus software⇒ vulnerability management program, Assigning unique IDs and user names⇒ secure network.
What do you mean by the PCI security?PCI stands for the Payment Card Industry security that deals with the credit card from the major credit card schemes.
PCI DSS refers to the Payment Card Industry Data Security Standard, that sets the standards for all those companies, which are dealing with the credit card information.
PCI DSS ensures the safe environment to maintain the security for the stores, process and transmit the data for the credit card.
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Answer:
Plato Gang Rise :)
Explanation:
From which organization can you request free information about your credit score?
the office of the comptroller
equifax
the federal insurance corporation
fico
Answers
The organization from which one can request free information about one's credit score is Equifax. Hence, option B. Equifax is correct. Read below on where to get free information on one's credit score.
Where can one get free information about one's credit score?One is provisioned to a free credit information every 12 months from each of the three major consumer reporting companies which are: Equifax, Experian and TransUnion. Hence, the answer (option B) chosen.
Therefore, the correct answer from above is option B. Equifax.
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Answer:
The correct answer is B. Equifax
Explanation:
In your lesson from FLVS, it states that the three recording agencies are: TransUnion, Equifax and Experian.
Equifax is in the answer choice and the other two are not, so Equifax is correct.
An insurance company chartered in another country has been licensed to operate in your state. In your state the insurance company is:
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When an insurance company chartered in another country has been licensed to operate in your state. In your state, the insurance company is called a foreign insurer.
What is insurance?Insurance refers a policy or agreement which provides financial protection to any individual if he faced any injury or died in accident.In case of injury,it helps in receiving medical claim as per the policies of the insurance company.
A foreign insurer is a corporation based in one state that writes insurance for clients in those other states. In the world of health insurance, foreign insurers are fairly common.
The benfits of these policy is that it offers better benefits in terms and protection to the policy holders as compared to own state.In this insurance the more options are received which is not available in own state.
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Texas annexation was not at the forefront of american politics until president john tyler used it as a rallying cry for his bid for reelection in 1844. identify the statements that correctly describe the reactions to the annexation of texas.
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Answer:
A letter by Secretary of State John C. Calhoun to President Tyler linked the idea of absorbing Texas directly to the goal of strengthening slavery in the United States.
Prospective presidential candidates, Henry Clay and Martin Van Buren, met and agreed to reject the immediate annexation of Texas on the grounds it might lead to war with Mexico.
Explanation:
In a letter to President Tyler, Secretary of State John C. Calhoun made a direct connection between the desire to strengthen slavery in the US and the concept of absorbing Texas.
What was annexation of Texas ?Henry Clay and Martin Van Buren, two potential candidates for the presidency, got together and decided against annexing Texas right once because doing so might spark a conflict with Mexico.
In an effort to build a foundation of support from the general public for another four years, U.S. President John Tyler broke away from the other major parties in 1843 and opted to seek the annexation of Texas on his own.
The Tyler-Texas treaty was rejected by the Senate by a strong majority. Tyler lacked the Senate votes necessary to ratify the deal. In June, it lost by a wide margin.
Tyler retried to acquire their ok before leaving the office. This time, he received support from both chambers of Congress for the joint resolution.
Texas was admitted into America on December 29, 1845, thanks to Tyler's success in getting the joint resolution passed by the senate on March 1, 1845.
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Question 8 of 10
What is the best strategy when considering a financial aid package?
A. Consider grants as a last resort.
B. Attend the most expensive school, regardless of aid.
C. Settle on the school that is least costly, even if you don't really
want to attend.
D. Consider private loans as a last resort.
Answers
The best strategy when considering a financial aid package is to Consider grants as a last resort.
What is a financial aid package?
This is the aid that is provided to the people of the United States as an aid that would help them in their education.
The financial aid helps to take care of the tuition of the students who have issues with finance.
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Answer:
D.
Explanation:
just took it
PLEASE HELP ME!! please, please,, please explain how you got it, thank you
Answers
Answer:
I think the second one.
1/10 cookies per pizza
Is allowance for doubtful accounts a debit or credit.
Answers
Answer:
credit
Explanation:
because the allowance for doubtful accounts is a contra asset account
Describe the stage of product design
Answers
Answer:
Stage 1: hear from others and listen to feedback
Stage 2: Create new ideas based on that feedback
Stage 3: Create several prototypes and choose one. Then test the prototype
Stage 4: Manufacture the prototype you chose
Explanation:
Answer:
~Senpi boi here!~
I would describe the stage of product design as to create an idea to determine product's feasibility to test the product, and then launch the product for customers to buy.
(Hope this helps!)
Choose those characteristics that best describe a command system. Multiple select question. The division of output between capital and consumer goods is decided by market forces. A central planning board makes all economic decisions concerning resources. The government owns most property resources. Firms produce according to the demands of consumers.
Answers
A central planning board makes all economic decisions concerning resources and. The government owns most property, resources are the characteristics that best describe a command system.
What is command system?Command system is the economic system where government has a special and major role. That detects the economic with the real world problem like the coordination problem, moral problem, hazardous problem and others.
Thus, option B and C are correct.
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Project: Know Your Surroundings There are thousands of human services organizations worldwide. These service organizations feed the hungry, help the children of needy families, and strive for world peace. Believe it or not, some of them are working right in the heart of your community. Research (Step 1) (Read all directions before beginning research.) Make a list of ten service organizations, institutions, and agencies in your community. Discover as much information about them as possible by searching the Internet, local newspapers, and the telephone book. If necessary, make telephone calls to individual agencies to ask questions and gather additional information. Include the following information about them on your list: What is the name of the organization? What is its mission statement? Is it nonprofit or for-profit? Does the organization have volunteers? Is it a government agency? If so, is it federally, state, or independently operated? Name its target population(s). What services does it offer? Would you ever consider working for the organization (include why/why not)? At the bottom of each section on your list, make notes on any other information that you think is interesting about each organization. Application (Step 2) (Read all directions before starting application.) Once you have completed your research, think about what kind of human services organization you would want be a part of starting. Think about how you would adhere to the four fundamentals of human services philosophy. Then complete the following checklist: Name your organization. Develop your mission statement. A mission statement is the purpose of your organization summarized in a short paragraph. Use the mission statements from your research as a guide to develop your organization's mission statement. This should be no longer than three to five sentences. Will you start a nonprofit or for-profit organization? Will you employ human services workers, utilize volunteers, or both? What is your target population? What services are you going to provide?
Visual (step 3)
Using poster board, create a visual display for your organization. Use all information developed in step 2. Be creative and have fun.
Answers
Some human service organizations are:
The National Organization for Human Services. ...The American Public Human Services Association. ...American Counseling Association, etcWhat is a Mission Statement?This refers to the statement that contains the aims and objectives of a company or business.
Hence, the mission statement of the American Counseling Association is to enhance the quality of life and also to "advance the counseling profession, and using the profession and practice of counseling to promote respect for human dignity and diversity"
Therefore, the other human service organizations are:
Council for Standards in Human Service Education. National Council on Family Relations. Other Organizations of Interest, etc.Read more about mission statements here:
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4. if you have two children, ages 2 and 4, how much should you record in step 3 of the form? (3 points)
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Based on the information provided, you should record two (2) dependents in Step 3 of the W-4 form.
What is a W-4 form?A W-4 form simply refers to an internal revenue service (IRS) tax form which is used in the United States of America, so as to indicate the correct federal income tax that should be withheld from an employee's paycheck.
In Step 3 of the W-4 form, an employee is expected to indicate whether or not he or she has dependents. Thus, an employee would write (record) the number of dependents he or she has in Step 3 of the W-4 form.
In this scenario, we can logically conclude that you should record two (2) dependents in Step 3 of the W-4 form because you've two (2) children, aged 2 and 4.
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Which is not an expense account?
Repairs
Advertising
Rent
Interest
Accrued
Answers
The answer option which is not an example of an expense account is: E. Accrued.
What is an expense account?An expense account can be defined as a type of account that include an amount of money (funds) that are paid to an employee by an employer of labor, so as to enable the employee spend the fund on things related to his or her job.
In Business management, some examples of an expense account include the following:
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Logan's Roadhouse has become popular with a variety of people. It recently identified a primary customer segment in Millennials. To win over this demographic group, traditional media is less authentic in the perception of Millennials; therefore, Logan's Roadhouse does not use traditional media, and its marketing and promotion focus on maintaining a large online and social media presence. Here Logan's is likely to use _______.
Answers
If he does not use traditional media. Here Logan's is likely to use concentrated targeting.
What is concentrated targeting?Concentrated targeting can be defined as a marketing strategy in which a sales promotion or brand promotion is targeted, concentrated or focus at a specific audience.
Most companies business owner tend to make use of concentrated targeting so as to cost effectiveness.
Therefore Logan's is likely to use concentrated targeting.
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Milo Millworks Incorporated has maintained a sustainable competitive advantage for its framing style. In order to accomplish this, the framing style must be
Answers
In order to accomplish this, the framing style must be difficult to substitute for.
What is Competitive advantage?Competitive advantage can be defined as the way in which a company produce or manufacture more goods or product and sell those goods produce at lesser rate so as to increase their sales than that of their market competitors.
Based on the scenario in order for Milo Millworks to accomplish the competitive advantage for their framing style, the framing style must be difficult to substitute for.
Therefore the framing style must be difficult to substitute for.
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Explain the difference between the unadjusted and the adjusted trial balance.
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The unadjusted trial balance is used before making all the adjustments and the adjusted trial balance is used while adjusting both the sides of the ledger.
What do you mean by Trial balance?Trial Balance refers to the list of all the general and ledger accounts that are compiled into debit and credit columns that are equal.
The major difference between adjusted and unadjusted trial balances is that an adjusted trial balance is a list of accounts and balances that is prepared after period-end adjustments that are recorded and posted whereas an unadjusted one is a list of balances and accounts prepared before any accounting adjustments have been made.
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100 Points! Please responde ASAP!!!
How did Marcus Samuelsson’s race and background impact him (in positive and negative ways) during his career?
Why did Samuelsson immediately appreciate New York City?
What bold decision did Samuelsson make regarding the menu for President Obama’s first state dinner?
In what ways did Samuelsson analyze how to best open his new restaurant, the Red Rooster, and how did this help the area?
Answers
Answer:
Who is Marcus Samuelsson’s anyways?
Daniel Simmons arrived at the following tax information:
Gross salary $ 62,250 Interest earnings $ 75
Dividend income $ 140 Adjustments to income $ 850
Standard deduction $ 12,400
What amount would Daniel report as taxable income?
Answers
The net taxable income of Daniel Simmons for the income statement given above will be $50,915.
What is net taxable income?The total amount on which income tax is to be paid by the assessee during a particular financial period is known as the net taxable income of such individual.
Using the given information into the formula below,
Net Taxable Income = Gross Salary+Interests and Dividends earned+Adjustments-Standard Deduction
Net Taxable Income = $(62250+75+140+850-12400)
Net Taxable Income = $50,915
Hence, the net taxable income is as computed above.
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Shirley’s Hair Salon paid $1,000 toward a bank loan. How will this transaction impact the accounting equation?
Assets decrease and liabilities decrease.
Assets increase and liabilities increase.
Assets increase and owner’s equity increases.
Liabilities decrease and owner’s equity decreases.
Answers
Answer:
liabilities decrease and owner's equity decrease
Liabilities decrease and owner’s equity decreases: transaction impact the accounting equation. Thus, option D is the correct option.
Assets decrease by $1,000 (since cash is used to make the payment), and liabilities decrease by $1,000 (since the loan is being paid off). There is no direct impact on the owner's equity in this specific transaction.
It's important to understand that when a liability like a bank loan is paid off, it reduces the company's obligations (liabilities) and also decreases the corresponding amount of cash (an asset). This maintains the balance of the accounting equation: Assets = Liabilities + Owner's Equity.
Thus, option D is the correct option.
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A manager who follows the transformational leadership model is likely to believe that managers should Multiple Choice withhold information so that employees do not have to worry about problems. coerce employees into adopting a stance consistent with theirs in times of conflict. not go out of their way to support and encourage employees. make employees aware of their needs for personal growth and accomplishment. use coercive powers to extract the best performance from employees.
Answers
A manager who follows transformational leadership model is likely of the beliefs that coercive powers can help in extraction of the best performance from the employees.
Who is a manager?A person, by whatever name or title called, who is an expert in looking after and presiding over the control and administration of a business organization, while also reporting to the top level and low level personnel, is known as a manager.
Hence, the significance of a manager is as explained above.
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Which method for calculating a credit card balance does not take into
account the purchases made during the current billing cycle but does take
into account the payments made during the current billing cycle?
Answers
The method for calculating a credit card balance does not take into account the purchases made during the current billing cycle is known as the adjusted balance method.
What is a billing cycle?It should be noted that a billing cycle simply means the interval from the end of a billing period to another.
In this case, the method for calculating a credit card balance does not take into account the purchases made during the current billing cycle is known as the adjusted balance method.
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Answer:
previous balance method
Explanation:
yw
professionals who take onwership of their mistakes are said to have: A: a work ethic B: integrity C:dishonesty D:ingenuity
Answers
14. Over a given year, nominal GDP increased by about 2.5%. Over that year, the GDP deflator decreased by about 4%. From this information (and using our Aggregate Supply and Demand framework for analysis), we infer that over this year, Group of answer choices real GDP decreased, and we had a decrease in Aggregate Supply. real GDP decreased, and we had an increase in Aggregate Demand. real GDP increased, and we had an increase in Aggregate Demand. real GDP increased, and we had a decrease in Aggregate Demand. real GDP increased, and we had an increase in Aggregate Supply.
Answers
The opening of which canal significantly reduced the time and money required to ship goods between the east coast and the west coast of the americas?.
Answers
Answer:
The Erie Canal
Explanation:
When it opened it dramatically decreased the cost of shipping while reducing the time to travel to the West.