Part SX9's total cost per unit is $320.
1. Calculate the total cost of Direct Materials, Direct Labor and Overhead:
Direct Materials cost = 100 x 2,300 = $230,000Direct Labor cost = 40 x 2,300 = $92,000Overhead cost = 60 x 2,300 = $138,0002. Calculate the total cost of Marketing and Administrative costs:
Marketing cost = 25 x 2,300 = $57,500Administrative cost = 69,0003. Calculate the total cost of Part SX9:
Total Cost of Part SX9 = Direct Materials cost + Direct Labor cost + Overhead cost + Marketing cost + Administrative cost= 230,000 + 92,000 + 138,000 + 57,500 + 69,000 = 586,5004. Calculate the cost per unit:
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jamie has an adjusted gross income this year of $40,000. he would like to reduce his income taxes. during the year, he plans to contribute property valued at $20,000 to the national federation for the blind, a qualified public charity. which one of the following statements regarding the income tax implications for jaime of a charitable gift is correct? a) if jamie gave some stock, held long term, valued at $20,000 with a basis of $19,800, his only choice would be to limit to an annual deduction of 30% of his agi. b) if jamie gave a collection of first edition books in braille (which the charity would display in its collection), held long term, valued at $20,000 with a basis of $9,000, he could elect to deduct either $20,000 or $9,000. c) if jamie gave an interest in a parcel of commercial real estate, held short term, with a fair market value of $20,000 and a basis of $15,000, he can deduct either the fair market value of the property or his basis in this property. d) if jamie gave a life insurance policy, with a replacement cost of $20,000, on which he has paid net premiums of $5,500, he could deduct either $20,000 or $5,500.
C) if jamie gave an interest in a parcel of commercial real estate, held short term, with a fair market value of $20,000 and a basis of $15,000, he can deduct either the fair market value of the property or his basis in this property.
What is interest?Interest is the cost of borrowing money, and is typically expressed as a percentage rate over a period of time. It is calculated as a percentage of the amount borrowed, and is usually charged for the use of borrowed money. Interest is typically paid by the borrower to the lender, and can be calculated on the principal amount borrowed, or on the unpaid balance. Interest rates can vary depending on the type of loan, the term of the loan, and the borrower's credit rating. Interest is one of the primary ways lenders make a profit, as it is a fee charged for the use of their money.
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you have just made your first $5,900 contribution to your retirement account. assume you earn a return of 11 percent per year and make no additional contributions. a. what will your account be worth when you retire in 36 years? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. what if you wait 10 years before contributing?
(a)Therefore, the account will be worth $115,320.68 when the individual retires in 36 years. (b)if the individual waits 10 years before contributing to the retirement account, the account will be worth $0 when they retire in 36 years.
To calculate the future value of the retirement account after 36 years, we can use the formula:
[tex]FV = PV x (1 + r)^n[/tex]
where FV is the future value, PV is the present value (in this case, the initial contribution of $5,900), r is the annual interest rate (11 percent), and n is the number of compounding periods (36 years)
Plugging in the values, we get:
FV = 5,900 x [tex](1 + 0.11)^{36}[/tex]
FV = 5,900 x 19.54074029
FV = 115,320.68
b. If the individual waits 10 years before making the initial contribution, the present value (PV) of the retirement account would be zero. Therefore, we can only calculate the future value (FV) of the retirement account after 26 years (36 years - 10 years).
Using the same formula as above, we get:
FV = 0 x [tex](1 + 0.11)^{26}[/tex]
FV = 0 x 5.59101658
FV = 0
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at a movie theater box office, all tickets are sequentially prenumbered. at the end of each day, the beginning ticket number is subtracted from the ending number to calculate the number of tickets sold. cash is counted and compared with the number of tickets sold. which of the following situations does this control detect? 40) a) some customers presented tickets purchased on a previous day when there wasn't a ticket taker at the theater entrance (so the tickets didn't get torn). b) a group of kids snuck into the theater through a back door when customers left after a show. c) the ticket taker admits his friends without tickets. d) the box office cashier accidentally gives too much change to a customer.
The control detects, that d. the box office cashier accidentally gives too much change to a customer.
A possible error in the processing of the cash, such as giving a customer too much change, would be indicated by the mismatch between the number of tickets sold and the amount of money collected. This kind of control aids in making sure that all ticket sales are accurately recorded and that the money collected corresponds to the sum that should have been expected given the number of tickets sold.
By recognising the error, the theatre can take the necessary corrective action, such as balancing the cash on hand or further examining the problem to ensure that it is avoided in the future. This kind of control is an illustration of an easy-to-use internal control that promotes accuracy in financial reporting and helps to prevent errors.
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from the perspective of ownership risk, the best form of business organization is the (a). Partnership, (b) S Corporation, (c) Sole Proprietorshop, (d) Corporation
The corporation is the ideal type of commercial structure from the perspective of ownership risk.
What is the business ownership?The corporation is the ideal type of company structure from the ownership risk perspective. Shares options are the chance to purchase stock for a predetermined price and for a predetermined amount of time. The biggest financial benefit of having a home is the ability to deduct mortgage interest and real estate tax payments, which lowers federal income taxes.Each of the three often encountered company structures—a sole proprietorship, a partnership, and a corporation—has its own advantages and drawbacks. What you need to know about each one is outlined below. an ongoing financial commitment. You are accountable for performing any maintenance on your house, from simple fixes like mending a leaky faucet to more significant ones like replacing the roof.To learn more about business ownership, refer to:
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which of the following is a feature of the economic model of corporate social responsibility (csr)? multiple choice corporations are understood to be a particular legal form of property that the owners get to use for their own ends. shareholders are not at the center of a corporation. managers are not employees who must work to further the owners' interests, primarily by maximizing profits. managers have a primary responsibility to pursue profit outside the limitations of the law.
The feature of the economic model of corporate social responsibility is shareholders are not at the center of a corporation. Thus, option third is correct.
What is Economic Model?An economic model is a condensed description of reality that produces testable hypotheses about how the economy will behave. An key characteristic of an economic model is that, due to the lack of any objective metrics for economic results, its design must unavoidably be subjective.
Social marketing frequently transforms into acts of social responsibility. The economic model of corporate social responsibility (CSR) has the following characteristics that It asserts that profit is unrelated to the efficient use of resources.
Shareholders are not at the core of a firm, which is a characteristic of the economic model of corporate social responsibility. So, the third choice is the correct one.
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thomas company has $120,000 of assets, $40,000 of liabilities, $50,000 of stock, and $30,000 of retained earnings. investors own 25,000 shares of thomas' stock that has a current market value of $5.20 per share. based on this the book value per share of the stock is:
Based on this, the book value per share of the stock is $3.20 per share. Each company has a hierarchy of rights to the three major classes of securities it issues.
$3.20; (50,000 shares + $30,000 retained earnings) ÷ 25,000 shares = $3.20 per share.
Each company has a hierarchy of rights to the three major classes of securities it issues.
Bonds, preferred stock, common stock. In other words, there is a right-wing pecking order.
The priority of each security class can best be understood by looking at what happens when a company goes bankrupt. As a common shareholder with an interest in a company, you may think that if the company goes bankrupt, you will be the first to receive some of the company's assets. In reality, when a company goes into liquidation, common shareholders are at the bottom of the company's food chain. In bankruptcy proceedings, creditors are first liquidated from the assets of the company.
Then there are bondholders, preferred shareholders, and finally common shareholders. This hierarchy is determined by something called "absolute precedence". This is the rule used to determine which portion of the payment goes to which participant in bankruptcy.
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one reason to use a predetermined overhead rate is to eliminate the effect of seasonal factors.. t/f
This statement is True.For a certain reporting period, the expected cost of manufacturing overhead is applied to cost items using an allocation rate called a predefined overhead rate.
What's the point of employing pre-determined overhead rates?Manufacturing overhead costs are distributed among jobs based on a predetermined overhead rate. The rate is defined at the beginning of the period so that jobs are costed throughout the duration rather than only at the conclusion.
What factors go into determining the pre-determined overhead rate?The precalculated manufacturing overhead cost is divided by the activity driver to yield the predefined overhead rate. As an illustration, the accountant should split overhead costs by the estimated number of machine hours when machine hours are the activity driver.
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what responsibility does a company have to inform newly hired persons that it wants to shape their values, perceptions, and behavior to conform to the organization's culture?
Examples of values include the idea that clients should come first, that being honest is the best course of action, or that staff are not allowed to exploit corporate goods or resources for their own interests.
What is honesty?Honesty is a moral quality that refers to the absence of unethical behaviours like lying, cheating, and stealing as well as the presence of honourable traits and virtues like integrity, truthfulness, and straightforwardness, among others. Other qualities of honesty include being dependable, devoted, fair, and sincere. Honesty is highly valued by many ethnic and religious communities. People could be perceived as being "too honest" if they publicly express others' unfavourable opinions, whether they haven't been asked or if the question has been posed in an unimportant context. One way that this problem is manifested is through political correctness, where people hold back on expressing their true thoughts out of fear that their opinions will be universally rejected by society.
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According to an insurance broker, over $300 billion in damages were caused last year by...
a. fracking b. natural disasters
c. car accidents
Option c is Correct. Over $300 billion in damages were reportedly caused last year by auto accidents, according to an insurance broker.
Despite the fact that women tend to drive more safely, there remains a clear gender gap in auto safety. According to the IIHS study, women are more frequently hurt or killed in crashes of equivalent severity, even when crashes involving men are more serious.
Teenagers between the ages of 16 and 19 had the highest crash risk of any age group. The fatal crash rate for teen drivers in this age range is nearly three times higher per mile traveled than it is for drivers 20 and older.
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all of the following are period costs except question content area bottom part 1 a. research and development expenses. b. distribution expenses. c. direct labor expenses. d. marketing expenses.
All of the following are period costs for direct labor expenses. The Option C is correct.
What are considered as part of period costs in manufacturing?Period costs are costs that are not tied to or related to the production of inventory in managerial and cost accounting. Selling, general, and administrative (SG&A) expenses, marketing expenses, CEO salary, and rent expense for a corporate office are all examples.
Because the costs are unrelated to inventory production, they are expensed in the period in which they are incurred. In short, period costs are all costs that are not involved in the production of a product (product costs).
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carol wants to have $13,000 when she turns 30. right now, she's 23 (7 years difference). she has $5,500 that she can invest in a mutual fund. if she leaves the money in this account for the full 7 years and it earns 12.5%, compounding quarterly, how much will be in the account?
After 7 years of compounding quarterly with an interest rate of 12.5%, Carol will have approximately $12,013.59 in the account.
To calculate the amount of money Carol will have in 7 years, we can use the formula for compound interest:
A = P * [tex](1 + r/n)^(nt)[/tex]
where:
A is the final amount
P is the initial amount ($5,500)
r is the interest rate (12.5%)
n is the number of times interest is compounded in a year (4 times)
t is the number of years (7)
First, we need to convert the interest rate to a decimal:
r = 12.5% / 100 = 0.125
Next, we can plug in the values into the formula:
A = $5,500 * [tex](1 + 0.125/4)^(4 * 7)[/tex]
A = $5,500 * [tex](1.03125)^28[/tex]
A = $5,500 * 2.1843878
A = $12,013.59
This means she will fall short of her goal of $13,000, so she may need to consider other options to reach her savings target.
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the following transactions are july activities of bill’s extreme bowling, incorporated, which operates several bowling centers. if revenue is to be recognized in july, indicate the amount?
1. July rent revenue of $2,000 from a new tenant that will lease office space from Bill's Extreme Bowling:
$2,000
What is revenue?Generally, Revenue is the total income generated from the sale of goods and services, before any expenses are subtracted.
It is also referred to as the "top line" or gross income.
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Which theory asserts that countries should simultaneously encourage exports and discourage imports?
(a)free trade
(b)capitalism
(c)new trade
(d)mercantilism
(e)socialism
a businessperson can take some comfort when faced with an ethical dilemma by talking openly about it with management because ethical decisions will always withstand scrutiny. group of answer choices true
The given statement "a businessperson can take some comfort when faced with an ethical dilemma by talking openly about it with management because ethical decisions will always withstand scrutiny" is false becasue talking openly about an ethical dilemma with management can be helpful in resolving the issue, but it does not guarantee that the ethical decision will always withstand scrutiny.
The outcome of an ethical decision may depend on a number of factors, including the complexity of the issue, the values and principles of the individuals involved, and the broader societal and cultural context. Additionally, ethical decisions can be subject to legal or regulatory oversight, and even if a decision is made in good faith, it may still be subject to challenge or legal repercussions.
Therefore, it is important for individuals to take a comprehensive approach to ethical decision-making, which includes considering the relevant laws, regulations, and codes of conduct, consulting with trusted colleagues and experts, and using ethical frameworks and principles to guide decision-making. By taking a thoughtful and deliberate approach to ethical decision-making, individuals can help ensure that their decisions are well-informed and withstand scrutiny.
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Every society faces trade-offs because we live in a world of scarcity. Suppose a student-athlete has the opportunity to earn $1,000,000 next year playing for a minor league baseball team, $500,000 next year playing for a European professional football team, or $0 returning to college for another year. The opportunity cost of the student-athlete returning to college next year is $ . (Enter your response as an integer.)
The student-return athletes to college the following year will have a $1,000,000,000 opportunity cost.
The cost of the best alternative that was chosen over the existing project is known as the opportunity cost.
If the student, is picked to return to college, the opportunity cost will be the rejected baseball team or the rejected football team.
In this case, given two alternatives:
one for $1,000,000
and one for $500,000
In this case, the opportunity cost is playing for a minor league baseball team ($1,000,000) because is the higher offer between the alternatives.
Therefore, The opportunity cost of the student-athlete returning to college next year is $1,000,000.
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first mortgage bonds are senior in priority to claims of second mortgage bonds. debentures are long-term bonds that are not secured by a mortgage. subordinated debentures are bonds having
During liquidation, bonds with subordinated debentures have claims on assets only after a senior debt has been paid in full.
In the event of a liquidation, first mortgage bonds are deemed to have a superior claim on the company's assets and would be paid out first. Second mortgage bonds are regarded as junior in precedence to first mortgage bonds' claims. Debentures are long-term, unsecured bonds that lack a mortgage on particular assets.
On the other hand, subordinated debentures have claims on a company's assets only after senior debt, such as first mortgage bonds, has been fully repaid in the case of liquidation. This indicates that only when the holders of senior debt had been fully paid would holders of subordinated debentures be compensated.
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what is an opportunity cost? how is this concept used in tvm analysis, and where is it shown on a time line? is a single number used in all situations? explain.
Opportunity cost is the price incurred while deciding on one choice over the best alternate. It symbolizes the worth of the chance passed up in favor of the one chosen.
Opportunity cost is utilized as the discount rate in Time Value of Money (TVM) analysis to determine the present value of future cash flows. This shows the opportunity cost of making an investment now as opposed to waiting to receive the cash flows. The opportunity cost can be represented on a timeline as the interest rate or discount rate used to determine present value.
No, not every case calls for the usage of a single number. The opportunity cost can change depending on a number of variables, including the state of the market, inflation, risk, and personal preferences.
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define the best way in which you can shift your purchasing power from high-earning periods to low-earning periods of life? multiple choice question. during low-earning periods invest your savings in financial assets (stocks/bonds). invest in a collection of luxury automobiles. spend all your disposable income as soon as you earn it. during high-earning periods invest your savings in financial assets (stocks/bonds).
during high-earning periods invest your savings in financial assets (stocks/bonds). so the option D is the correct answer.
Investments are sums of money used to purchase assets with the expectation that their value will increase over time. A present resource, such time, money, or effort, must be lost in order to invest.
Investments are made in the financial realm in order to gain from the asset that is being used. The return may comprise a gain (profit) or loss realised through the sale of a residence or investment, an unrealized capital gain (or loss), investment income like dividends, interest, or rental income, or a combination of capital gain and income. Due to fluctuating currency rates, the return may potentially include foreign exchange gains or losses.
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a standardized format used to accumulate data about each item reported on financial statements. dual effects. every transactions has atleast 2 effects. it's called___
The standardized format used to accumulate data about each item reported on financial statements and the principle that every transaction has at least two effects is called double-entry accounting or double-entry bookkeeping.
What is double-entry bookkeeping?In double-entry bookkeeping, transactions are recorded in two distinct accounts, one as a debit and one as a credit, so that each transaction is recorded in its own account. The system's requirement that each transaction have a corresponding entry in two independent accounts aids in ensuring accuracy and thoroughness in financial record-keeping. It offers a methodical way to keep track of money's inflows and withdrawals, making it simpler to spot mistakes and uncover fraud. In order to preserve the balance in the financial records, the double-entry approach is based on the accounting equation that says that assets equal liabilities plus equity.
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a case study that elaborates on a company's journey from a startup to a multinational company is most likely an example of an .
The correct answer to the question above is "analytical report". A case study that elaborates on a company's journey from a start-up to a multinational company is an example of an analytical report. That is because an analytical report presents the details of a case as well as an analysis of its events and characters.
An analytical report is a business report that use by stakeholders to determine the best decision or action about its business. Analytical reports usually have a structure consisting of a title page, table of contents, intro, methodology, body section, conclusion, recommendation, and a bibliography. There's some type of analytical report:market analysisoperation analysisfinancial analysistrend analysis
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sam deposited $800 at a 2.4% annual interest, compounded quarterly. in how many years, to the nearest tenth of a year, will he have $1,600 in the account?
The deposited amount $800 with 2.4% annual interest rate
compounded quarterly become $1,600 in 29 years.
Principal amount deposited 'P' by Sam is equal to $800
Annual rate of interest 'r' compounded quarterly is equal to 2.4%
Let 'n' be the number of years
Total amount 'A' after 'n' years is equal to $1,600
Amount = Principal amount [ 1 + (rate of interest)/4 ]^ 4n
Substitute the value in the formula we get,
⇒ $1,600 = $800 [ 1 + (2.4 /4×100) ]^4n
⇒ $1,600 / $800 = [ 1 + 0.024/4 ]^4n
⇒2 = [ 1.006 ]^4n
⇒ n = log2 / 4 log(1.006 )
⇒ n = 28.967
⇒ n = 29 years
Therefore, the number of years required to have $800 to be $1,600 at 2.4% annual interest rate compounded quarterly is equal to 29 years.
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the wto arbitrates trade disputes between its member states. what is one power of particular interest that the wto can use?
As WTO arbitrates trade disputes between its member states; one power of particular interest that it can use is issuing a ruling instructing a member-state to change trade policies that violate GATT regulations.
How does WTO settle trade disputes between its member states?The WTO's Dispute Settlement Understanding provides WTO members with a legal framework for resolving trade disputes that arise while implementing WTO agreements.
Ideally, disagreements are settled through negotiation. If this is not possible, WTO members can request the formation of a dispute-resolution panel. The panel will issue a report, which can then be appealed to the WTO's Appellate Body on legal issues.
If a WTO member fails to follow the recommendations of dispute settlement, trade compensation or sanctions, such as increases in customs duties, may be imposed.
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do you have an account with an online service provider? if so, have you read the terms of service agreement?
Yes . The Terms of Service, which are also known as Terms of Use or Terms and Conditions, are a binding agreement that set forth the conditions under which you, your provider, and other users shall interact.
What exactly does it mean to deliver services online?Online service providers (OSPs) are organizations that offer the transmission, routing, or provision of connections for digital online communications. A network access or online service provider (OSP) is what they are called in plain words.
How Can I Read the Terms of Service Policy?If you use internet services to store data or connect with friends and family, you most likely have a contract with the provider. The Terms of Service, sometimes called the Terms of Use .
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rank the following kinds of bonds in order from least secure to most secure: municipal, corporate, treasury a. corporate, municipal, treasury b. treas
The bonds can be ranked as Corporate, Municipal, Treasury
Bonds are debt instruments that are usually issued by the federal government, local governments, or corporations to raise money or new capital. Bonds are an alternative for investments that guarantee to pay investors a fixed interest at predetermined intervals during the duration of the bond.
The issuer pays the investor its maturity value when the bond reaches maturity. Municipal and corporate bonds are among the most prevalent types of bonds. Mutual funds can also be referred to as bonds. Bonds ranging from the corporate to the municipal to the Treasury bond are the least to the most secure. The government's treasury bonds have longer maturities which are typically more than 20 years.
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Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $43,500. The machine’s useful life is estimated at 10 years, or 385,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 32,500 units of product. Determine the machine’s second-year depreciation using the double-declining-balance method?
$35,800 is the machine’s second-year depreciation using the double-declining-balance method .
What does the term "depreciation expense" mean?
When an asset is depreciated for a single period, the cost of the asset reflects how much of its value was used up during that year.
This is known as depreciation expense. A piece of property's accumulated depreciation is the total amount of depreciation expense that has been incurred since the property first came into use.
Depreciation expense per year (Straight line method)
= (Cost - salvage value) / Years
= ($43,500 - $5,000) /10
= $38,500 / 10
= $3,850
Second year depreciation expense = $3,850
Book value at the end of second year = Cost - first year depreciation expense - second year depreciation expense
= $43,500 - $3,850 - $3,850
= $35,800
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which charecter did little work and made his money by taking advantage of the poor in under the lions paw
In 'Under the Lion's Paw', the character of Jim Butler seems to take advantage of Mr. Haskins hard work.
The story 'Under the Lion's Paw' by Hamlin Garland is a story of dominance of rich and powerful over poor and weak. The story focuses the hardship of poor and uneducated face which shows the pessimistic approach of the human existence and the class division prevailing in the society. It showcased how the hard work of Mr. Haskins was used by Mr. Butler for his own benefits and Mr. Haskins has nothing to do but to accept all the conditions of Butler. He worked hard on a small piece of land for three years but the pay was meagre. The author conveys the idea of man over man in a very cynical and interesting manner.
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the inventory method that is most appropriate for high-dollar items that are unique and whose cost can be individually determined is the
The specific identification method is the inventory method that is most suitable for expensive, one-of-a-kind objects whose cost can be estimated individually.
When an item is sold, the specific identification technique links the cost of that item to the cost of the products sold. This strategy is suitable for expensive things with unique characteristics that are simple to identify and trace, such as rare coins, jewels, and pieces of art.
Because the cost of each unique item is tracked and matched to the cost of the products sold, this method gives the most accurate picture of the cost of goods sold and the final inventory value. This approach is more precise than other inventory techniques like the (FIFO).
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personal balance sheet and the cash flow statement come from financial institutions, businesses, or the government. True/False ?
False. A personal balance sheet and cash flow statement are not typically provided by financial institutions, businesses, or the government.
Why are personal financial statements created?They are personal financial statements created by individuals to track their own assets, liabilities, and cash flows.
A personal balance sheet lists a person's assets and liabilities and calculates their net worth, while a personal cash flow statement tracks the inflows and outflows of cash for an individual over a period of time. These statements are important tools for individuals to manage their personal finances and plan for their financial future.
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setting ambitious, but attainable goals with all employees and then giving them the tools to achieve them is an application of which theory?
Setting ambitious, but attainable goals with all employees and then giving them the tools to achieve them is an application of goal-setting theory.
Goal putting entails the improvement of an action plan designed that allows you to motivate and guide someone or an institution toward an aim. desires are greater planned than goals and temporary intentions. consequently, placing dreams method that someone has committed concept, emotion, and behavior towards attaining the aim. In doing so, the aim setter has established a favored destiny nation that differs from their contemporary country, therefore, growing a mismatch which in flip spurs future moves.
Aim placing may be guided through aim-setting standards (or rules) consisting of smart criteria. purpose setting is a prime aspect of personal development and management literature. studies by Edwin A. Locke and his colleagues, most appreciably, have shown that more unique and ambitious dreams cause extra performance development than easy or widespread goals. The goals ought to be particular, time-restrained, and hard. vague desires reduce limited attention sources. Unrealistically brief time limits intensify the issue of the aim out of doors the intentional level and disproportionate cut-off dates aren't encouraging.
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in your budget, what allows you to choose where to allocate the additional money by going through the categories and deciding what areas are your greatest priorities?
When it comes to budgeting, it is important to prioritize where you allocate your additional money. Depending on your individual financial goals, you can decide which areas are the most important.
What is financial goals?
Financial goals are objectives that an individual or organization sets in order to plan and manage their financial resources. These goals can include saving money, paying down debt, and creating an emergency fund. Achieving financial goals also involves developing a budget, creating a savings plan, and investing money. Financial goals should be specific, measurable, attainable, realistic, and timely. Setting short-term and long-term financial goals can help an individual or organization stay on track and reach their financial objectives. It’s important to regularly review and adjust financial goals to make sure they are still appropriate and achievable. Financial goals can help individuals and organizations make the most of their resources and achieve financial success.
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