1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
motikmotik
3 years ago
14

Consider the following information pertaining to OldWest's inventory:

Business
1 answer:
kipiarov [429]3 years ago
4 0

Answer:

$2,664

Explanation:

Generally Acceptable Accounting Principles requires that the closing inventory should be valued at lower of cost and Net realizable value.

Product     Quantity    Total Cost     Total Net Realizable Value

Revolvers      13           $126              $155

Spurs             22          $32               $27

Hats               9            $58               $48

Choosing Which one is lower for each product

Product     Quantity    Rate        Total Value

Revolvers      13           $126              $1,638

Spurs             22          $27               $ 594

Hats               9            $48               $432

Total Closing Inventory Value = $1,638 + $594 + $432 = $2664

You might be interested in
Suppose an economy consists of three sectors: energy (e), manufacturing (m), and agriculture (a). sector e sells 70% of its outp
Luba_88 [7]

Answer:

(1) Pe =0.3Pm + 0.15 Pa

Pm = 0.7Pe + 0.2 Pm + 0.3 Pa

Pa = 0.3 Pe + 0.5Pm +0.55 Pa

(2) The free variable Pa = 100

Explanation:

Solution

We create a table of outputs using the given percentages economy distribution

Energy         Manufacturing       agriculture     Purchased by

0                       0.3                       0.15                 energy

0.7                    0.2                       0.3                  manufacturing

0.3                    0.5                       0.55                Agriculture

Let Pe Pm, Pa represent the prices for each sector

We then create an income equation using the expenses of the table above

Now,

Pe =0.3Pm + 0.15 Pa

Pm = 0.7Pe + 0.2 Pm + 0.3 Pa

Pa = 0.3 Pe + 0.5Pm +0.55 Pa

Note: Kindly find an attached copy of part of the solution to the given question and complete question to of this exercise below

3 0
4 years ago
Max is designing a symbol for Clean Glow, a company that produces cleaning supplies. Once it is completed, the symbol will be le
kaheart [24]

Answer:

The symbol designed by Max is an example of trademark. The correct answer is a.

Explanation:

  • Trademark is the symbol, sign, expression or design that signifes the products or services of particular company.
  • Trademarks that signifies particular company or service mark if it signifies services, is an intellectual property which no other source can use without permission.
  • Brand name is the name of the company that develops the product or service obtained which are also named with the same.
3 0
3 years ago
Q1 The following is a description of the conversion cycle of Central Production Limited: The conversion cycle of the company is
Arturiano [62]

Answer:

a)

To my view, the MD viewpoint is better. In companies the existing process is usually analyzed and the pain points identified whenever there is a need for change. The new system is simply a change to the existing system. The stakeholders' specific needs are not completely addressed. The MD calls for a collection of and analysis of demands from scratch to share its needs , requirements and inhibitions between the principal stakeholders. The CIO and their staff would be able to assess in the requirements review process what worked and what did not work well for the organization.

In assessing the current process, the CIO and his team will align their thinking process with the pain points and correct the existing system. They are not going to build the system in a fresh light. A new system that meets the needs of stakeholders can be developed. For everybody, this is a win-win situation. The point of view of MD is therefore more logical and related.

b)

In the particular case, the most logical and comprehensive system analysis method is:

Primary stakeholder requirements collection: Primary stakeholders using the system must be consulted on their specific requirements and needs. It is also necessary to consider the limitations identified by stakeholders.

Comprehension of existing system and pain points: the current system can be analysed based on requirements collection and pain points can be emphasized in the current system.

A new system that will win for everyone: the new system must primarily comply with the needs of the stakeholders.

Presentation and approval of the system blueprint to stakeholders

Development and implementation of the system: system development can be carried out by the agile method of sprinting.

Monitoring and control of the system: to check for performance deviations, the system implemented should be observed. In order to monitor deviations, specific intervention can be implemented.

7 0
3 years ago
What resource management activity identifies and verifies that personnel are qualified for a particular position?
katovenus [111]

Answer:

The correct answer is Qualifying.

Explanation:

Professional qualification is the set of professional competencies with significance in employment that can be acquired through modular training or other types of training, as well as through work experience.

A person is qualified when in the development of his work he obtains results that are at the level demanded by the productive system, that is, in his work performance he obtains the expected results, with the resources and the level of quality due.

6 0
4 years ago
If an automobile manufacturer pays $200 for a car windshield, $400 for four car tires, $100 for a car CD player, and sells cars
elena55 [62]

Answer:

$20,000

Explanation:

GDP is the market value of <u>all final goods and </u>

<u>services</u> produced within a country in a given period of time.

The GDP includes only the value of final goods, <em>the value of manufactured automobile in this question</em>, not the value of intermediate goods used in it, <em>the windshield, tires, and others.</em>

Reason: The price of intermediate goods (windshield, tires, CD player) is already included in the final price of $20,000.

Hence, GDP discourage to include these intermediate goods value as it will lead to double counting given that they're already included in final price of $20,000.

3 0
3 years ago
Other questions:
  • Cooperton Mining just announced it will cut its dividend from $4 to $2.50 per share and use the extra funds to expand. Prior to
    10·1 answer
  • If butter and margarine are substitute goods, an increase in the price of butter is most likely to cause:
    15·1 answer
  • The balance shown in the August bank statement of a company was $22,800. After examining the August bank statement and items inc
    8·1 answer
  • The office memo read as follows: “there is a mandatory meeting at 3:00 PM on Thursday. The new sales numb The office memo read a
    6·2 answers
  • Assume you run the central bank of a large open economy with floating exchange rates. Output, unemployment and inflation are whe
    12·1 answer
  • In this type of layout, machines and equipment, materials and people are brought next to the product as they are needed. What ty
    5·1 answer
  • By satisfying the customer service factor of ________, the distributor will ensure that deliveries of Hope Springs' bottled wate
    13·1 answer
  • A company is recording the disposal of accounts receivable with two different transactions. One transaction affects the balance
    15·1 answer
  • You are deciding between two recurring projects. Project A requires $100,000 initial investment and runs for 5 years. Project B
    12·1 answer
  • Which internal control procedure is violated when the cashier at the checkout stand also records the daily receipts in the journ
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!