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fenix001 [56]
3 years ago
8

For the current year, Hodges Department Store reported the following data:

Business
1 answer:
Ostrovityanka [42]3 years ago
5 0

Using the lower-of-cost-or-market rule, what is the cost of goods sold for Hodges is: C. $989,020.

<h3>Cost of good sold</h3>

Using this formula

Cost of goods sold=Goods available for sale-Inventory balance

Where:

Goods available for sale=$1,074,450

Inventory balance=$85,430

Let plug in the formula

Cost of good sold=$1,074,450-$85,430

Cost of good sold=$989,020

Inconclusion Using the lower-of-cost-or-market rule, what is the cost of goods sold for Hodges is: C. $989,020.

Learn more about Cost of good sold here:brainly.com/question/24561653

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Why might it be argued that corporations do not have a comparative advantage when investing in real estate as a means of diversi
Ne4ueva [31]

Solution :

Real estate is defined as something that is related to the buildings or lands. All the properties that are physically present forms real estate in terms of land and buildings. It includes, vacant land or buildings, commercial real estate, industrial as well as residential real estate.

The corporations does not have a comparative advantage when they invest in the real estate by a means of the diversification from its core business. This is because the organizations do not hold the real estate in the large number of the geographical area. They also do not hold a number of different types of the properties. Therefore, they do not tend to diversify from their real estate holdings as the large institutional investor who hold a more diversified and a larger portfolio.

8 0
3 years ago
Managers are important members of the organization. Within an organization, there are managers at f aders. Each of these levels
Ulleksa [173]

Answer:

GlobalTech Advertising Inc.

1. Pat leads the sales force to achieve GlobalTech Advertising Inc.'s sales goals for the quarter

Pat is a first-line manager.

2. Rick develops GlobalTech Advertising Inc.'s human-resources policies

Rick is a top manager.

3. Daisy is the foreperson of the warehouse and ensures products are loaded effectively

Daisy is a team leader.

4. Ruth is the art department head and supervises the art staff.

Ruth is a team leader.

5. Gary analyzes the national sales forecasts of Yellow Pages directories and develops projections on long- term industry growth.

Gary is a team leader.

6. Greg is the national sales manager and coordinates the activities of his first-line managers.

Greg is a middle manager.

7. Although he can't fire or discipline team members. Mike is in charge of making sure the team meets its production goals.

Mike is a team leader.

8. Nancy is the go-to person when the teams needs to coordinate their work or they have conflicts arise.

Nancy is the first-line manager.

Explanation:

a) Data:

Levels of management    Managerial Challenges

Top manager                     Long-term decisions, organization-wide

Middle manager                Policy and Plan Implementation, Supervision

                                          and Coordination of first-line managers

First-line manager             Short-term operating decisions, tasks direction

Team leader                      Facilitating team activities

b) The level of a manager can be determined by the managerial challenges she faces, as classified above.

5 0
3 years ago
An investment counselor calls with a hot stock tip. He believes that if the economy remains​ strong, the investment will result
mixer [17]

Answer:

6,000

Explanation:

The expected value from this investment can be calculated by possible values for random variables by multiplying them by their probability

DATA

Strong  = 30,000   , probability = 30%

Moderate = 10,000 , probability = 60%

Weak = -30,000 , probability = 10%

Calculation

Expected profit = Values x Probability

Expected profit = (30,000 x 30%) + (10,000 x 60%) + ( 30,000 x 10%)

Expected profit = 6,000 + 6,000 -6,000

Expected profit = 6,000

7 0
4 years ago
Read the following scenario. Research options for payment, and use the PACED decision-making model to decide how Emmitt should p
tatiyna

Based on the information given, it should be noted that Carmen should take out a loan with a loan of 5 years period.

<h3>What loan option should be chosen?</h3>

It should be noted that in the cost and benefits analysis, it would be better to take out the shorter loan period because the automobile price decreases in the following year after it has been bought.

However, in this case, Carmen will not be able to fulfill the 4-year loan payment for each month, because the average auto loan interest rate for a person with a 620 credit score is 9.48%.

Therefore, it would be a safe decision to choose the 5-year loan because Carmen will still be able to pay the loan interest.

Learn more about loans on:

brainly.com/question/26011426

7 0
2 years ago
Emilee signed a rental agreement for her new condo. how long is her lease?​
MAXImum [283]
<h3><em>A retal agreement can last for about a year, 12 months.</em></h3>
8 0
3 years ago
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