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3 years ago

How did the rise of big business in the united states transform the economy and affect the lives of working people?

1 answer:

8 0

<span>Big business is concerned with profit, and thereby decreasing costs including worker salaries and wages. The economy transformed because it is hard for small business to compete and with large entities that leverage scale. Working people lose bargaining power and job security.</span>

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Home Furnishings reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its y

uysha [10]

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

5 0

3 years ago

The print ads and the television ads for Maytag appliances were designed to show "The Loneliest Man in the World" was a Maytag r

Kay [80]

Answer:

Advertising campaign.

Explanation:

An advertising campaign is a group of advertisements, commercials, and related promotional materials and activities , which are designed as part of a coordinated advertising plan to meet the specific goals of a company.

The purpose of the Advertising Campaign Event is to prepare an advertising campaign of any length for a real product, service, company, or business for a prospective client/advertiser.

The critical part of making an advertising campaign is determining a champion theme as it sets the tone for the individual advertisements and other forms of marketing communications that will be used.

The campaign theme is the central message that will be communicated in the promotional activities. The campaign themes are usually developed with the intention of being used for a substantial period but many of them are short lived due to factors such as being ineffective or market conditions and/or competition in the marketplace and marketing mix.

4 0

3 years ago

Prepare the adjusting entry to record bad debts under each separate assumption. Bad debts are estimated to be 1.5% of credit sal

VARVARA [1.3K]

Answer:

A. Dr Bad debts expense 85,230

Cr Allowance for Doubtful accounts 85,230

B. Dr Bad debts expense 75,870

Cr Allowance for Doubtful accounts 75,870

C.,Dr Bad debts expense 80,085

Cr Allowance for Doubtful accounts 80,085

Explanation:

Preparation of the adjusting entry to record bad debts under each separate assumption

A. Dr Bad debts expense 85,230

Cr Allowance for Doubtful accounts 85,230

(5,682,000*1.5%)

B. Dr Bad debts expense 75,870

Cr Allowance for Doubtful accounts 75,870

[(1,905,000+5,682,000)*1%]

C.Dr Bad debts expense 80,085

Cr Allowance for Doubtful accounts 80,085

[(1,270,100*5%)+16,580]

8 0

3 years ago

How do people become successful as a real estate developer?

Roman55 [17]

Hello there!

A real estate developer job is to get houses to sell them, get land to build houses and sell them, and get previous owned houses and sell them. They pretty much get property and sell it. As a real estate developer, the main goal that someone should have is to <u>make more money than they paid for the property</u>. This means that they would need to be making profit in order to really see a progress in income.

Let's give you an example when a real estate developer buys a house:

Johan, a real estate developer, bought a house $275,000. He then goes on a website and advertises the house for $285,000.

What Johan is trying to do here is make profit form the house he just purchased, since the extra money he will be getting if the house is sold will be a surplus to the original amount.

Let's give you an example when a real estate developer buys land:

Susan buys 1 acre of land for $1.2 million, she then has a construction crew build a house, and that costed her $750,000.

At the end of the day, Susan spent $1.95 million (1,950,000) on the house in total.

She then sells the house on a website for $2.5 million (2,500,000).

This means that Susan made a surplus of $550,000 from the price she originally payed for.

It's best when a real estate developer sells property for more than what they payed for, so they would be making profit (extra money). It's bad when a real estate developer tries to sell a house for lower than they originally payed for, then they would be losing money. That's why when there is a specific price for a house, a real estate developer usually doesn't want to drop the price of the house any cheaper; they want to stick with their price so they could make money.

A real estate developer could also start their own company, and make more profit if they stick to the trick of selling the property for more than what they paid for. If they stick to the trick, then they would be making even more money since they would have multiple people in a company doing it all at once, in different places too.

4 0

3 years ago

Planning involves ________.

kobusy [5.1K]

Setting goals and objectives is a part of planning.

Planning includes both the process of developing a plan and its accurate and timely execution.

Planning may be extremely helpful in avoiding mistakes and seeing possibilities. Good planning demonstrates management's familiarity with the company and their consideration of changes in "products," management, finance, and—perhaps most importantly—the external environment, which includes markets, competitors, users, and regulations. Planning aids in future prediction, future visibility, and the construction of a link between the present and this future.

To know more about planning.

brainly.com/question/25453419

#SPJ4

3 0

2 years ago