In top-down design, a step that needs to be expanded further is called a(n) __

Oriole Company has the following inventory data:

Yuliya22 [10]

Answer:

$3,942

Explanation:

Step 1 : Determine number of units sold

Units Sold = Total units available for sale - Units remaining in inventory

= (45 + 157 + 22) - 56

= 168 units

Step 2 : Determine Cost of goods sold

<em>FIFO assumes that the units to arrive first will be sold first.</em>

Cost of goods sold = (45 units x $22) + (123 units x $24)

= $3,942

The amount allocated to cost of goods sold for July is: $3,942

7 0

3 years ago

5. Successive US administrations have accused the Chinese government of manipulating their currency (Yuan) to

k0ka [10]

A weaker Yuan against the US dollar makes Chinese exports cheaper, increases demand, and makes US exports to China more expensive, thereby reducing the demand for US exports.

<h3>What is international trade?</h3>

International trade is the global exchange of goods and services among countries of the world, involving the use of the foreign exchange.

The three types of international trade are:

Export Trade
Import Trade
Entrepot Trade.

Thus, by manipulating the Yuan, the Chinese government ensures that it has a more competitive advantage over the United States in international trade.

Learn more about Chinese Yuan Manipulation at brainly.com/question/27858412

#SPJ1

5 0

2 years ago

If the sender in a nonpersonal, paid promotion is identified, we define it as advertising. if the sender is not readily identifi

Ronch [10]

If the sender is not readily identified, we label it propaganda.
Usually, propaganda is used to advertise political causes, and to persuade you into believing that particular promotion. They want you to join them, and to follow their leader, which is why they are promoting their own causes, whilst not identifying themselves.

4 0

3 years ago

Quinn contracts to provide ten tons of scrap steel at $500 per ton to Rendered Materials, Inc. An unforeseen shortage of scrap s

solong [7]

Answer:

C) performance of the contract is commercially impracticable.

Explanation:

Contract law contemplates certain situations where performing the contract is either difficult or impossible and therefore the party is not liable for breaching the contract.

Commercial impracticability applies to contracts where the performance of at least one party is impracticable and cannot be accomplished.

In this case, Quinn cannot perform his duty since the price of scrap steel increased beyond any reasonable price contemplated in the contract. Since Quinn is not responsible for setting the price of scrap steel, he is not liable for breaching the contract.

7 0

3 years ago

Shelton inc. has sales of $23.8 million; total equity of $31.3 million; and total debt of $16.7 million. if shelton's profit mar

tiny-mole [99]

Sales = $23.8 million

Total equity = $31.3 million

Total debt = $16.7 million

Profit margin = 8% = 0.08

Return of assets = ?

First we calculate the total assets:

Total assets = Total debt + Total equity

= $16.7 million + $31.3 million = $48 million

Now find net income by using this formula:

Profit margin = Net income / Sales

<span> Net income = Profit Margin × Sales = 0.08 x 23,800,000 = $1,904,000 Now calculate Return of assets: Return on assets = Net income / Total assets =$1,904,000 / 48,000,000 </span>

Return on assets = 3.967%

6 0

3 years ago

In top-down design, a step that needs to be expanded further is called a(n) ___.