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Zigmanuir [339]
3 years ago
13

Dakota Company had net sales (at retail) of $260,000.

Business
1 answer:
disa [49]3 years ago
8 0

Answer:

$35,860  

Explanation:

The computation of the ending inventory using the retail inventory method is shown below

Particulars                      Cost          Retail

Opening Inventory(A)   $63,800    $128,400

Purchases(B)                 $115,060    $196,800

Goods available

C=(A-B)                         $178,860     $325,200

Cost ratio

($178,860 ÷ $325,200 × 100) 55%  

Sales at retail (D)                            $260,000

End, Inventory at Retail                     $65,200

($325,200 - $260,000)

End, Inventory at Cost    $35,860  

($65,200 × 55%)

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Kumi, your coworker, has been working on his taxes for the last two months. If Kumi gets audited this year, he is likely to beli
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Answer: external cause

Explanation:

Based on the information that's provided in the question, if Kumi gets audited this year, then he is likely to believe that the reason for the audit is due to an external cause, like the tax program that was used in the preparation of his taxes.

In such case, we can infer that the perception of Kumi is being influenced due to self-serving bias.

8 0
3 years ago
Identify a few examples of incentives that someone might encounter in his or her daily life. Instructions: In order to receive f
spin [16.1K]

Answer:

  • Receiving five cents for recycling glass bottles
  • Parking fines for illegal parking
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Explanation:

Recycling is good for the environment and also means companies spending less because they wouldn't have to reproduce the recycle material from scratch. Paying a person money for recycling the glass bottles is an incentive that is meant to encourage them to do it more.

Not all incentives are positive however. Some are negative and aimed at reducing a behavior. Fining people for illegal parking is an example as the logic is that the offending party will think of the fines the next time they want to park illegally and refrain from it.

Offering tax breaks to a person in order to get them to save is an incentive because they are being offered to keep more of their money if they save more.

4 0
3 years ago
20. Frictional unemployment is inevitable because: A) different sectors do not shift. B) the economy needs to be lubricated. C)
Cerrena [4.2K]

Answer:

The answer is option B) Frictional unemployment is inevitable because the economy needs to be lubricated.

Explanation:

Frictional unemployment is different from others in happens as a result of employees seeking out better opportunities. They could leave voluntarily or be fired from their current jobs but its is for a greater good- which is a quest for better economic opportunity.

Frictional unemployment occurs when there is a mismatch between job seekers and available jobs in the market.

It also happens due to the natural career progression for an employed staff seeking to transition to a new job, industry, or role.

Frictional unemployment is like a lubricant in the economy because an increase in frictional unemployment means more workers are moving toward better positions.

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3 years ago
assume that autonomous consumption is $1610 billion and disposable income is $11,200 billion. Using the consumption function, ca
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Answer:  $9,226

Explanation;

The consumption function is;

Consumption = Autonomous consumption + (Marginal Propensity to consume * Disposable income)

Marginal Propensity to Consume;

=Increase in consumption expenditure/  Increase in Disposable income

= 680/1,000

= 0.68

Consumption = Autonomous consumption + (Marginal Propensity to consume * Disposable income)

= 1,610 + ( 0.68 * 11,200)

= $9,226

6 0
3 years ago
Accrual accounting requires that the cost associated with the failure of credit customers to pay their bills should be recorded
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Answer:

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