Answer:
Top 5 industries in Houston:
- Petroleum and coal products.
- Chemicals.
- Oil and Gas extraction.
- Construction and Mining machinery.
- Plastics.
Other sectors supported by Energy sector.
- Real Estate - oil workers are able to rent and buy houses.
- Finance and Insurance - due to investments in the Energy industry as well as salaries enabling investments in other finance products.
- Retail Trade - Employees in energy are able to afford goods and services offered by retail trade thereby supporting the sector.
- Government - Huge taxes generated from energy sector jobs contribute to both the Federal and State governments.
- Agriculture - As is the case in other sectors, energy sector employees spend a lot on food which props up the agricultural sector.
- Construction - With the massive construction projects needed in the energy sector, the construction sector gains massively from interacting with the energy sector.
The fed’s efforts to manage interest rates and thus the availability of credit is known as monetary policy.
A country's central bank uses a set of instruments called monetary policy to regulate the total amount of money in circulation, foster economic expansion, and implement measures like adjusting interest rates and altering bank reserve requirements. The discount rate, reserve requirements, and open market operations are the three primary instruments of monetary policy.
As the nation's monetary policy regulator, the Fed affects the cost and availability of credit and money to support a robust economy. Controlling inflation, moderating employment levels, and preserving long-term interest rates are the three goals of monetary policy.
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Funds are created when individuals or organizations contribute resources to trust with the agreement that principal and/or income will be used to benefit individuals or private organizations in a Private-Purpose trust.
A funding fund is a manner of investing money among different traders so one can enjoy the inherent benefits of operating as part of a group such as decreasing the dangers of the funding by a massive percentage.
A fund is a pool of money set apart for a particular reason. The pool of cash in a fund is frequently invested and professionally controlled which will generate returns for its traders. A few not unusual styles of price range include pension budget, coverage funds, foundations, and endowments.
The primary assets of investment are retained profits, debt capital, and fairness capital. Groups use retained earnings from enterprise operations to amplify or distribute dividends to their shareholders. Corporations increase the budget by means of borrowing debt privately from a bank or via going public (issuing debt securities).
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Answer:
$43,030
Explanation:
IAS 2 Inventories states that inventory is to be recognized at cost, however, subsequent measurement requires that inventory be carried at the lower of cost or net realizable amount (NRV).
As such, where the cost of inventory is higher than the NRV, it is written down to the NRV using the following entries,
Debit Inventory write off/Cost of goods sold
Credit Inventory account
with the difference between the cost and the NRV.
Inventory Quantity Unit Cost Unit NRV New unit cost
Furniture 230 $88 $103 $88
Electronics 53 $430 $315 $315
From the analysis above, the cost of inventory is lower than the NRV for Furniture, hence no adjustment is required. However, the cost of Electronics is higher than the NRV hence a write down is required. This amount is
= ($430 - $315) × 53
=$115 × 53
= $6,095
Total recorded cost(ending) of inventory before any adjustment
= (230 × $88) + (53 × $430)
= $43,030
121.67 days
Days in inventory is a measure of the average number of days that inventory is held.
365 days / ($285,000 / (80000+110,000)/2))
365 / (285,000 / {190,000/2})
365/ (285000/95000)
365/3 = 121.67 (rounded)
