Based on the information given the amount of the cost of goods sold is:$278,240.
Cost of goods soldUsing this formula
Cost of goods sold=(1-Gross profit percentage)×Net sales
Let plug in the formula
Cost of goods =(1-.20)×$347,800
Cost of goods sold=.80×$347,800
Cost of goods sold=$278,240
Inconclusion the amount of the cost of goods sold is:$278,240.
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Kim delivers groceries for a living and needs to buy new tires for her car soon. which choice would be the best for her to make so without disrupting any of her other financial goals ?
The choice that would be the best for her to make so without disrupting any of her other financial goals is to buy a fairly used tire as the tire is really needed by her for her business.
What is finance goal?People often have goals to keep their money. A good example is a Long-term financial goals.
The act of having a long-term financial goal for a lot of people is so as to saving enough money to retire and as such they keep any money they have.
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how supply and demand affect the price of a good
Answer:
According to the law of supply and demand, when the demand of a good exceeds supply, the price of the good tends to rise. But when the supply of a good exceeds demand, the price of the good tends to fall.
All the design decisions involving personnel and their roles and responsibilities reflect the ________ structure of the organization
The functional structure of an organization incorporates the design decisions involving personnel and their roles and responsibilities.
What is a functional structure?The functional structure is a firm structure which is organized into different departments based on areas of expertise.
Thus, the functional structure of an organization incorporates the design decisions involving personnel and their roles and responsibilities.
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In the ______ quadrant of the core competence--market matrix, the focus is on leveraging current core competencies to improve current market position.
The place in the quadrant where there is the focus is on leveraging current core competencies to improve current market position is known as:
existing competence--existing marketWhat is a Market?This is a place where buying and selling of goods or services takes place and a currency of value is exchanged.
With this in mind, we can see that in the existing competence--existing market, there is a focus is on leveraging current core competencies to improve current market position.
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How will the increase in government spending financed by borrowing affect national savings?.
Increament in government spending which is financed by borrowing will most likely affect national savings.
This is because borrowing money means you are spending from your future income.
The negative effect of spending borrowed money will most likely be felt when the money is not used for money yielding ventures.
This means that when borrowed money is not used to boost the economy of a country, it will most likely lead to the depletion of the national savings or reserve.
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If the price of a good increases, all else the same, then the consumer's total utility will increase. decrease. remain the same as consumption shifts to cheaper goods. decrease if there are no substitutes for the good and remain the same if there are substitutes for the good.
When the price of a good increases, all else the same, then the consumer's total utility will decrease.
What is utility?Utility simply means the satisfaction that's gotten when one consumes a particular product.
In this case, it should be noted that when the price of a good increases, all else the same, then the consumer's total utility will decrease. This is because less products will be bought.
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Most people lose their jobs not because they could not do the work, but because they failed to get along and fit in with others
It's true to say that most people lose their jobs not because they couldn't get the job done, but because they couldn't establish interpersonal relationships effectively.
How important are interpersonal relationships?In a workplace, the relationship between employees is essential for creating an organizational culture focused on development, cooperation and motivation.
Therefore, it is essential to be able to relate to people with profiles and personality traits different from yours, as this is a positive way to increase knowledge and exchange experiences for personal development.
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A transaction against a consumer's normal buying behavior can be used to do which of the following? question 1 options: create promotional campaigns identify similar customer behaviors detect fraudulent credit card transactions group the customer into a different category
The transaction is selling and buying valuables. Transaction against normal behavior can be used to catch scheming credit card transactions.
What is client behavior?The attitude and routine habits of an individual are called behavior. They follow a particular pattern in performing daily tasks.
The irregular or abnormal behavior of an individual is essential in detecting frauds in banking, insurance, laundering, etc.
The normal transaction habits of the customers can be used to compare them with suspicious-looking patterns thus, detecting frauds.
Therefore, option C. transactions against normal purchasing behavior can be used to detect frauds.
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Why is a savings account better than a checking account for saving money?
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Answer:
A checking account is a type of bank deposit account that is designed for everyday money transactions. ... Savings accounts have higher interest rates than checking accounts, meaning it is better to let large sums of money (e.g., an emergency fund) sit in savings instead of checking.
Explanation:
Checking accounts are better for everyday transactions such as purchases, bill payments and ATM withdrawals. ... Savings accounts are better for storing money and earning interest, and because of that, you might have a monthly limit on what you can withdraw without paying a fee.
A savings account is better than a checking account as it offers a potentially higher rate of interest for the customer.
What is a savings account?The most basic type of bank account in which a customer deposits his or her money, with an intention to earn monetary gains and safekeeping of his or her funds, is known as a savings account.
A checking account is ideal for someone who conducts numerous transactions on a daily basis. It also offers a lower rate of interest as compared to a savings account.
Hence, the significance of a savings account is aforementioned.
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An important decision to be made while designing a responsive organization is about the size of the span of.
Answer:An important decision to be made while designing a responsive organization is about the size of the span of _control_
Explanation:
While forming a responsive organization, the most important decision to be taken to decide the size of span of control.
What is control?Control is the state where the managerial officials of an entity creates influence on the workforce engaged.
Responsive organization is one of a type which is ready to adapt the trending changes in the current scenario. it is designed in such a way so that it reacts promptly towards the needed change in the organization rather than avoiding or ignoring it. The workforce and related parties are very responsive towards the changing scenarios of the environment very quickly.
Therefore, the span of control would be the most important decision to be taken while creating a responsive organization.
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What term refers to a situation in which it's more efficient and actually more
desirable to have just one company rather than several competing companies?
Answer:
Natural monopoly is the term that refers to a situation where it's more efficient and actually more desirable to have just one company rather than several competing companies.
Explanation:
An example of a natural monopoly is the tap water. Logically, just having a single company providing a network of pipes and sewage systems works well, this is because there are very high capital costs when it comes to setting up a national network of water pipes and sewers. if you have two different companies offering water the mean cost would be very high compared to just one firm and one network.
Answer:
natural monopoly
Explanation:
What is one way to avoid plagiarism?
give credit for information taken from a source
copy information from a source word for word
use an excerpt from a source without identifying it
repeat a quote without mentioning the original speaker
Answer:
Give credit for information taken from a source.
Explanation:
Answer: (A) Give credit for information taken from a source.
Explanation: right on edge 2020
Tanya is in the business of selling rubber mats. Ralph is in the business of selling real estate. Logan is in the business of selling stocks and bonds. Article 2 of the U.C.C. governs the sale of the items sold by:
The article 2 of the UCC governs the sale of the items sold by Tanya only.
What is the article 2 of the UCC?
This is the Uniform commercial code that governs the sale of items in the United states.
Transactions in the forms of goods are the only types of items that can be applied to the code.
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________ are a popular solution for individuals and businesses where access speed is not essential, but capacity and durability are crucial.
Network drives are a popular solution for individuals and businesses where access speed is not essential, but capacity and durability are crucial.
What is Network drives?A network drive is a storage device on a local access network available within a business or home.
They are the hard drives that is directly into the network and can be used for data storage by any network user with proper credentials.
The network drive is generally located on a network-attached storage (NAS) device.
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True or false: The main purpose of managerial accounting is to provide general-purpose financial statements. True false question. True False
Answer:
I believe your answer is False, the main purpose is NOT to provide general-purpose financial statements.
Explanation:
When amusement parks charge customers for admission and later for food and beverages, they are following a _________ pricing strategy. I. Skimming II. Two-part III. By-product IV. Product line V. Penetration
Answer:
II. Two-part
When amusement parks charge customers for admission and later for food and beverages, they are following a two-part pricing strategy.
A mixed economy is a combination of what two types of economies?
O A. Market and traditional
O B. Command and traditional
O C. Communism and socialism
O D. Command and market
Answer:
Answer is D
Explanation:
Command and Market
A mixed economy is a combination of two types of economies, that is command and market. Thus, option D is correct.
What is mixed economy?A mixed economy is an economic system that combines parts of a market economy with components of a central planning, markets with state foreign intervention, or industry with public enterprise. A blend of free-market and socialist concepts is shared by all mixed economies.
Governments own the factors of production and determine pricing and production schedules in a command economy. Prices in a market economy are determined by supply and demand. Most countries have either a command or a market economy, but both have elements of the other.
A mixed economy is a hybrid of two types of economies: command and market. As a result, option D is correct.
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Reconciling the bank statement monthly is an example of.
Answer:
Establishment of responsibility.
What two reasons does the text give as to why fdi has outpaced world trade and world output?.
whos in high school ? on here
Answer:
meeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
Explanation:
Alltech Company maintains a separate accounts receivable account for each customer. On June 18, Alltech provides $6,300 of services on account to customer Anthony and $1,200 of services on account to customer Walker. How will these two transactions affect the control and subsidiary accounts?
Answer:
B. The control account, Accounts Receivable, will be increased with a debit of $8 300
Explanation:
According to the given situation, in total, the Alltech company makes sales of 2, one for $6,300, and the other for $2,000. The total of sales will be computed by adding both sales that are $6,300 + $2,000 = $8300 will therefore be booked and control and receivables will be boosted with a debit of $8,300.
Therefore, the correct answer is B.
How can i convince my parents to get me an apple watch for my birthday is 2 weeks
What are causes of ethical issues in business?
O fair treatment of workers
discrimination
invasion of privacy
copyright infringement
Answer:
Discrimination
Explanation:
If you look at all the field businesses you will see it's because of discrimination.
explain why accounting is important to business stakeholders
Answer:
the purpose of accounting is to help stakeholders make better business decisions by providing them with financial information.
Which of the following is an example of involuntary debt
PLEASE HELP ASAP WILL GIVE BRAINLIEST
What happens if the amount of withholding taken from your pay is greater
than the amount you owe in taxes?
O A. You receive the differences as a credit.
O B. You receive a deduction.
O C. You receive a refund.
O D. You receive a royalty.
Answer:
C
Explanation:
According to the Blank______ market school of thought, companies can improve the foreign exchange market's estimate of future exchange rates by investing in forecasting services. Multiple choice question.
The inefficient market school of thought, companies can improve the foreign exchange market's estimate by forecasting services.
What is inefficient market school of thought all about?This is school of thought that explains how investing in forecasting services can help to improve the foreign exchange market's estimate.
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A company received a bank statement with a balance of $ 6 comma 400. Reconciling items included a bookkeeper error of $ 300long dasha $ 300 check recorded as $ 500long dashtwo outstanding checks totaling $ 820, a service charge of $ 22, a deposit in transit of $ 280, and interest revenue of $ 21. What is the adjusted bank balance?
Answer:
$5,860
Explanation:
The computation of the adjusted bank balance is shown below;
= Opening bank balance + deposit in transit - outstanding checks
= $6,400 + $280 - $820
= $5,860
We simply added the deposit in transit and deduct the outstanding checks from the opening bank balance so that the adjusted bank balance could come
.) A currency dealer has good credit and can borrow either $1,000,000 or €800,000 for one year. The one-year interest rate in the U.S. is i$ = 5% and in the euro zone the one-year interest rate is i€ = 4%. The spot exchange rate is $1.25/€ and the one-year forward exchange rate is $1.40/€. a.) Show how to realize a certain profit via covered interest arbitrage.
A) Borrow $1,000,000 at 2%. Trade $1,000,000 for €800,000; invest at i_€=6%; translate proceeds back at forward rate of $1.20 = €1.00, gross proceeds = $1,017,600
B) Borrow €800,000 at i_€=6%. translate to dollars at the spot, invest in the U. S at i_$=2% for one year; translate €848,000 back into euro at the forward rate of $1.20 = €1.00 Net profit $2400
C) Borrow €800,000 at i_€=6%. translate to dollars at the spot, invest in the U. S at i_$=2% for one year; translate €850,000 back into euro at the forward rate of $1.20 = €1.00 Net profit $2000
D) Both C and B.
Answer:
The question does not fit the options, since the options all refer to a 2% interest rate in US dollars and a 6% interest rate in euros. While the question states that the interest rate in US dollars is 5% and the interest rate in euros is 4%.
The answer to the question is:
If you borrow $1,000,000 today, you will be able to purchase 800,000€. Or if you borrow 800,000€ today, you will be able to purchase $1,000,000.
Since the forward rate is higher, you should borrow dollars, invest in euros and after a year, purchase back dollars and pay back your debt.
Gain:
= 800,000€ x 1.04 = 832,000€ x 1.4 = $1,164,800, then you pay back your loan = $1,164,800 - ($1,000,000 x 1.05) = $1,164,800 - $1,050,000 = $114,800 gain
Options C will also yield gains:
option C = borrow 800,000€ and buy $1,000,000. After one year you will have $1,020,000 which you can use to purchase 850,000€. Your gain = 850,000€ - (800,000€ x 1.06) = 2,000€
The Temple University College of Business is seeking to purchase new monitors for its classrooms, computer labs, faculty, and staff offices. It creates a description of the project and asks suppliers to submit bids. The university identifies the top two or three suppliers who present the most competitive packages and will begin discussions with each supplier to determine which company will be awarded the contract. This is an example of the _______ method of business buying.
the online buying to see which company is offering affordable goods