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bearhunter [10]
3 years ago
9

Who among the following was mentioned as asking what it means to live a good life?

Business
1 answer:
VikaD [51]3 years ago
4 0

Answer:

Who among the following was mentioned as asking what it means to live a good life?

Aristotle

Explanation:

Aristotle was a philosopher and a writer in ancient Greece. He was a founder of different philosophical schools. He was taught by Plato, and together they have been collectively referred to as 'The Father of Western philosophy.' Many writings have been attributed to him. One such writing was when he asked."what it means to live a good life?"He used what he termed as Nicomachean ethics to describe what it meant to live a good life.

In nicomachean ethics, Aristotle aimed to determine the highest good for a human beings. He stated that what most people thought of the highest good for human beings was actually insignificant. Most people considered material wealth and satisfaction of bodily pleasure as the highest good for human beings, a concept that Aristotle disagreed with. He alluded that the highest good for human beings has to be consistent maximization of our faculties as human beings. One such endeavor was the acquisition of intellectual virtues through contemplation and learning.

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Scrappers Supplies tracks the number of units purchased and sold throughout each accounting period but applies its inventory cos
Elenna [48]

Answer:

1. Compute the cost of goods available for sale, cost of ending inventory, and cost of goods sold at December 31 under each of the following inventory costing methods:

A. Last-in, first-out:

  • cost of goods available for sale = $20,230
  • cost of goods sold = $12,315
  • ending inventory = $7,915

B. Weighted average cost:  

  • cost of goods available for sale = $20,230
  • cost of goods sold = $11,543
  • ending inventory = $8,687

C. First-in, first-out:

  • cost of goods available for sale = $20,230
  • cost of goods sold = $10,675
  • ending inventory = $9,555

D. Specific identification, assuming that the April 1 sale was selected one-fifth from the beginning inventory and four-fifths from the purchase of March 2. Assume that the sale of August 1 was selected from the purchase of June 30:

  • cost of goods available for sale = $20,230
  • cost of goods sold = $11,379
  • ending inventory = $8,851

2A. Of the four methods, which will result in the highest gross profit?

  • First-in, first-out , since COGS is lowest

2B. Of the four methods, which will result in the lowest income taxes?

  • Last-in, first-out , since COGS are highest

Explanation:

Beginning inventory, January 1 240 $21  = $5,040

A. Purchase on account, March 2 320 $23 = $ 7,360

C. Purchase on account, June 30 290 $27  = $7,830

total 850 units, $20,230

B. Cash sale, April 1 ($37 each) (390)

D. Cash sale, August 1 ($37 each) (95)

total units sold 485 units

COGS:

LIFO = (290 x $27) + (195 x $23) = $7,830 + $4,485 = $12,315

FIFO = (240 x $21) + (245 x $23) = $5,040 + $5,635 = $10,675

WA = ($20,230 / 850) x 485 = $11,543

SI = (78 x $21) + (312 x $23) + (95 x $27) = $1,638 + $7,176 + $2,565 = $11,379

5 0
3 years ago
All of the following are disadvantages of using the average rate of return except:____________.
ad-work [718]

Answer:

c. the average rate of return method includes the entire amount of income earned over the life of the proposal.

Explanation:

the average rate of return is a capital budgeting method.

Average rate of return = Average net income / Average book value  

Average book value = (cost of equipment - salvage value) / 2

From the above formula, it can be seen that the entire income earned over the life of the project is used when calculating average rate of return.

the average rate of return method does not consider the timing of the expected cash flows. or use present values unlike the net present value and internal rate of return.

Net income is used instead of expected cash flows when calculating ARR

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3 years ago
Akram owns a small farm. He employs 80 workers in the field and has recently hired a manager to help him manage the farm. The in
topjm [15]

Complete Question:

Akram owns a small farm.He employs 80 workers in the field and has recently hired a manager to help him manage the farm. The income of the business varies greatly during the year. The farm makes a small profit but Akram is ambitious. He wants to take over a neighbors farm and increase the range of crops he sells. He thinks that he needs long-term finance and plans to take out bank loan to pay for the takeover. He has already borrowed money to buy a new tractor. A friend has advised him to form a company and sell shares.

Requirement. Identity two types of short-term finance Akram could use when the farm income is low

Answer with its Explanation:

The two types of short term finances are as under:

  1. Merchant Cash Advance: It is also known as supplier payables but in fact it is actually an cash advance by supplier to promote its sales by allowing credit for a short term. It doesn't what level of profits the company is earning, the supplier always allow small period for payment of its goods.
  2. Invoice Financing: It helps the company borrow money from money lenders (mostly banks) against the debtors accounts. This is usually a short term loan with option to expand both time and money if the company has proven to growth and better credit control. The invoice finacing doesn't effect the borrowings in short term if the business profits are low because for qualifying for such loan the company must have better cash postion. Though higher profits might help in securing the short term loan by using invoice financing but cash generation is the key requirement here.
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STatiana [176]

Explanation:

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However, despite the ease of implementing marketing through social media, it is necessary for companies to adopt an advertising engagement strategy, the narrative must be summarized and contain essential traits that convey who the company is and what it wants to pass on to consumers , generating value and direct communication, making the message different and striking in a medium where there is different information every second.

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3 years ago
How did Apple become successful?
UNO [17]

Answer:1 reason Apple has been so successful can be traced to Steve Jobs. When Apple first went public in 1980, it was worth about $100 million under the leadership of Jobs, who left Apple in 1985. ... When he rejoined in 1997, he faced the task of restructuring an organization that was on the brink of bankruptcy.

Explanation:

3 0
3 years ago
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