An object's _____ are the tasks or functions that the object performs when it receives a command to do so.

Sara, a security analyst, is trying to prove to management what costs they could incur if their customer database was breached.

djyliett [7]

Answer:

Total estimated breached cost = $3,750

Explanation:

Given:

Total records database contain = 250 record

Cost per record for a breach = $300

Estimated breached record = 5% = 0.05

Total estimated breached cost = ?

Computation of total estimated breached record :

Total estimated breached record = Total records database contain × Estimated breached record

Total estimated breached record = 250 × 0.05

Total estimated breached record = 12.5

Computation of total estimated breached cost:

Total estimated breached cost = Total estimated breached record × Cost per record for a breach

Total estimated breached cost = 12.5 × $300

Total estimated breached cost = $3,750

7 0

3 years ago

How can the Federal Reserve fight recession? A. Lower taxes B. Raise interest rates C. Raise taxes D. Lower interest rates

nordsb [41]

Lower interest rates- D

7 0

3 years ago

Read 2 more answers

Suppose Kristen goes to her bank and withdraws $250 of currency from her demand deposit account. Everything else held constant,

sveta [45]

Answer:

Please see attachment

Explanation:

Please see attachment

7 0

3 years ago

rion Iron Corp. tracks the number of units purchased and sold throughout each year but applies its inventory costing method at t

Akimi4 [234]

Answer:

1. 2,100 units and $28,350

2. 1,170 units

3.

Cost of ending inventory Cost of goods sold

a. FIFO $16,590 $11,760

b. LIFO $15,300 $13,050

c. Weighted Average $12,093 $12,492

4.

Income Statement for the year ended December 31

FIFO LIFO Weighted Average

Sales ($12,600 + $ 26,460) $39,060 $39,060 $39,060

Cost of Goods Sold ($11,760) ($13,050) ( $12,492)

Gross Profit $27,300 $26,010 $26,568

Less Expenses ($18,200) ($18,200) ($18,200)

Net Income / (Loss) $9,100 $7,810 $8,368

5. No Data

6. LIFO

Explanation:

Periodic Method means that inventory valuation is done after a specific period. In this case valuation is being done at year end.

Calculation of the number and cost of goods available for sale

Units Total Costs

Beginning Inventory 300 $4,200

Add Purchases :

April 11 950 $11,400

June 1 850 $12,750

Available for Sale 2,100 $28,350

Ending Inventory units = Units Available for Sale - Units Sold

= 2,100 units - 300 units - 630 units

= 1,170 units

a. FIFO

FIFO stands for First In First Out.

i. Cost of ending inventory

320 units × $12 = $3,840

850 units × $15 = $12,750

Total = $16,590

ii. Cost of goods sold

300 units × $14 = $4,200

630 units × $12 = $7,560

Total = $11,760

b. LIFO

LIFO stands for Last In Last Out

i. Cost of ending inventory

300 units × $14 = $4,200

650 units × $12 = $7,800

220 units × $15 = $3,300

Total = $15,300

ii. Cost of goods sold

300 units × $12 = $3,600

630 units × $15 = $9,450

Total = $13,050

c. weighted average cost

This method recalculates the unit costs after every purchase. Sales are valued at the latest unit costs calculated.

1st calculation : April 11

Unit Cost = Total Cost ÷ Total Number of Units

= ((950 units × $12) + (300 units × $14)) ÷ (1,250)

= $12.45

Sale = 300 × $12.45

= $3,735

2nd Calculation : June 1

Unit Cost = Total Cost ÷ Total Number of Units

= ((650 units × $12.45) + (850 units × $15)) ÷ (1,500)

= $13.90

Sale = 630 × $13.90

= $8,757

ii. Cost of goods sold

Total Cost of Goods Sold = $3,735 + $8,757

= $12,492

i. Cost of ending inventory

Ending Inventory = 870 × $13.90

= $12,093

6 0

4 years ago

Sheridan Co. reports the following information for 2020: sales revenue $766,600, cost of goods sold $524,400, operating expenses

labwork [276]

Answer:

Explanation:

The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

And, the ending balance of the common stock = Beginning balance of common stock + issued shares

Before preparation, first, we have to compute the net income which is shown below:

Net income = Sales revenue - cost of goods sold - operating expenses

= $766,600 - $524,400 - $86,300

= $155,900

The preparation of the statement of stockholders’ equity is presented in the spreadsheet. Kindly find the attachment below:

7 0

3 years ago