Why might you complete a 1040EZ?

Beck Company has inventory of $ 740 comma 000 in its stores as of December 31. It also has two shipments inminustransit that lef

EastWind [94]

Answer:

The invention balance sheet as at 31 December is $923,000

Explanation:

In this question, we are asked to calculate the amount of money Beck company will report in its balance sheet as of December 31st.

To do this, we simply employ a mathematical approach.

Mathematically, the amount of inventory recorded by Beck company on its balance sheet as of December 31st would be;

Inventory in stores + Goods in consignment + Good in transit F.o.b shipping point

We identify these values as follows;

Inventory in stores = $740,000

Goods in transit f.o.b shipping point = $108,000

Goods in consignment = $75,000

The amount of inventory Beck company should record will be; $740,000 + $108,000 + $75,000 = $923,000

3 0

3 years ago

Suppose that Spain and Austria both produce rye and stained glass. Spain's opportunity cost of producing a pane of stained glass

Fiesta28 [93]

Answer:

Spain for the first part and Austria for the second part.

Explanation:

The solution to the question is to determine which of the countries have a comparative advantage in producing stained glass among the two countries.

Comparative advantage represents the ability of an economy or country to produce a good or render a service at opportunity costs lower than other countries or fellow trade partners. Ability to produce at lower opportunity costs simply means that country or economy will produce the good at a lower cost and realise stronger margins in terms of sales and profit.

<u>Spain's opportunity cost of producing a pane of stained glass is 5 bushels of rye</u>

<u>While Austria's opportunity cost of producing the same pane of stained glass is 10 bushels of rye.</u>

Therefore, Spain has a lower opportunity cost and has comparative advantage over Austria in producing stained glass.

Also, Austria has a comparative advantage over Spain in the production of rye.

5 0

4 years ago

You want to have $66,000 in your savings account 9 years from now, and you're prepared to make equal annual deposits into the ac

mixer [17]

Answer:

the amount that need to be deposited each year is $7,166.28

Explanation:

The computation of the amount that should be deposited each year is shown below:

Given that

FV is $66,000

NPER is 9

RATE is 6.9% ÷ 12 = 0.575%

PV is 0

The formula is shown below:

= PMT(RATE,NPER,PV,-FV,TYPE)

AFter applying the above formula, the amount that need to be deposited each year is $7,166.28

5 0

3 years ago

How does relationship marketing affect service customers?a) It reduces the need for interaction between them and the service pro

KiRa [710]

Answer:

The correct answer is B: it increases their switching costs

Explanation:

Relationship marketing is about establishing a long-term bond with consumers. Instead of pursuing a one-time sale, relationship marketing tries to encourage customer loyalty by providing top of the notch products and services. Relationship marketing is usually not linked to a single product or offer. It involves a company perfecting their business to maximize the value of that relationship for the customer.

Relationship marketing principally requires the improvement of internal methods. The objective is to make the costumers experience to the fullest, meeting their expectations and creating a bond beyond the service itself. When you, as a company, achieve a level of uniqueness to the consumer, the cost of switching companies increases. It is more difficult to find a provider that fulfills your needs and desires.

4 0

3 years ago

Tanika must prepare a formal report detailing the findings of a year-long study of her company's new wellness program. In this r

Archy [21]

Answer:

a. Compare/Contrast

Explanation:

She would most likely use this organizational pattern because she is writing about employee absenteeism 'before and after" which is comparing and contrasting

5 0

3 years ago