Answer: $70,000
Explanation: Add ending + Beginning
The cost of goods sold as per the given data of inventories and purchases of inventory is $70,000 during the year.
What is inventory?The products, resources, and equipment that a company keeps on hand in advance of selling them to customers for a profit are referred to as inventory. One can fulfill the needs of your clients and can save money by using inventory management.
The inventory that appears at the beginning of the year refers to as the beginning inventory whereas the inventory which remains at the end of the financial year in business is referred to as the ending inventory.
The calculation for the cost of goods sold
beginning inventory = $20,000
ending inventory = $50,000
purchases of inventory = $100,000
COGS = the starting inventory + purchases – ending inventory
= (20,000+100,000)-50,000
= 120,000- 50,000
= 70,000
Therefore, the Cost of goods sold is $70,000.
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an uber ride is considered a ________ because of its intangible nature.
Answer: Service
Explanation: It is intangible and it is offered to you and performed by someone elese
what is enterprenuship
Answer:
Entrepreneurship is the creation or extraction of value.
Explanation:
generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones.
Answer:
the activity of setting up a business or businesses, taking on financial risks in the hope of profit.
Many entire vocations in the United States have disappeared in the last few decades. What if the following is a possible explanation for why vocations have entirely disappeared the last few decades?
A possible explanation for the disappearance of vocations in the past decade is advancement in technology.
With advancement in technology, many jobs have become obsolete as they can be performed more efficiently by computers compared with humans. For example, there are some record keeping tasks that people were employed to carry out but with the invention of efficient technology, humans are no longer to perform this functions.
Another job that is been rendered obsolete by technology is the job of a librarian. Most of the job functions carried out by a librarian can now be carried out computers.
Technology rendering jobs obsolete increases the rate of structural unemployment. This unemployment occurs when the skill labour posses are no longer demanded for in the economy.
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Answer:
The low cost of foreign goods could cause manufacturing to be done overseas
what are the four invoices used in foreign trade?
Explanation:
airway bill.
hope it helpful for you
milena, the vice president of human resources, is working on the problem of restructuring the firm’s compensation plan by using the rational model of decision making. in the first step, she identified the problem of pay and incentives not keeping up with market rates. in the second, step she thought of alternative solutions; and, in the third step, she evaluated alternatives and selected a solution. in the fourth and final, step milena needs to:
If Milena is using the rational model of decision making, in the fourth and the final step what she has to do is to implement and evaluate the compensation plan chosen.
The rational decision making model can be described as a multiple way of making decisions whereby a choice has to be picked from different choices.
In this last step he has to be analytical, logical and also objective. The best method that she has chosen has to be implemented here. Also she has to carry out an evaluation of her result here too.
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Creating and providing improved working conditions has created a number of emerging careers.
True or false
Answer:
true
Explanation:
because if you improve the way thing look and the way thing work people will find working there amusing.
A small software company interviewed candidates for two open positions as quality assurance technicians. The final two selected are equally qualified; a young woman and a fifty year old man. In order to cut employee expenses, the IT manager offered the job to the older man at a salary $15,000 lower than the salary offered to the young woman. This violates the 1963 Equal Pay Act. Which entity is charged with enforcing the Equal Pay Act of 1963 if it is notified
Considering the scenario described in the question above, the entity that is charged with enforcing the Equal Pay Act of 1963, if notified, is "The Equal Employment Opportunity Commission (EEOC)."
The EEOC is the federal agency or entity responsible for enforcing this type of employment discrimination law.
According to the Equal Pay Act of 1963, it is a violation against candidates or citizens for companies to discriminate on wages or salary due to gender.
Hence, in this case, it is concluded that the right agency to call upon is the "The Equal Employment Opportunity Commission (EEOC)."
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which country uses a franc as its basic monetary unit?
Answer:
Franc, originally a French coin but now the monetary unit of a number of countries, notably Switzerland, most French and former Belgian overseas territories, and some African states; at one time it was also the currency of France, Belgium, and Luxembourg.
Growing a business often results in growing your
Answer:
Product line. As a company grows, it is often important to increase the products you offer, or else your company will become stuck in a vicious cycle of stagnancy.
Explanation:
Hope this helps! Have a great day, and spread some positivity!
Supply chain management primarily focuses on two or more stages of the marketing channel under one management.Question 21 options:TrueFalse
The statement "Supply chain management primarily focuses on two or more stages of the marketing channel under one management" is:
FalseSupply chain management is the type of management where there is a sum of all the production processes which are involved in making a raw material into a finished product that is ready for market sale.
The given question actually refers to Vertical Channel Integration because it focuses on two or more marketing channels which operate under one management.
Therefore, the correct answer is False
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An accountant passed the closing entries of the expenses and then closed all the expense accounts by crediting them. Which account should she debit to complete the dual aspect of the journal entry?
A.
income account
B.
income summary account
C.
revenue account
D.
purchase account
E.
equity account
Answer: Income Account
Explanation:
Also referred and Income Statement.
Answer:
Income summary account
Explanation:
Suppose your expenses for this term are as follows: tuition: $5,000, room and board (housing and food): $6,500, books and other educational supplies: $1,500. Further, during the term, you can only work part-time and earn $4,000 instead of your full-time salary of $14,000. What is the opportunity cost of going to college this term, assuming that your housing and food expenses would be the same even if you did not go to college
Answer:
so the total expenses would be $13,000
you made $4,000
that would leave us with $9,00
to answer your question, it would be:
$13,000
- $5,000
--------------
$8,000
$8,000
-$4,000
-------------
$4,000 total!
Explanation:
please mark brainliest if correct <3
❗WILL GIVE BRAINLYLEST❗Susan Works for a company that values their employees meetings deadlines and finding ways to keep the cost of doing business low. What quality standard does Susan's company value?
.
A. Efficiency
B. Diversity
C. Accountability
D. Workplace Safety
Answer: A: efficiency
Explanation:
your welcome
Susan works for a company that places a high importance on meeting deadlines and finding ways to keep operating expenses to a minimum. Therefore, option (A) is accurate.
What do you know about Diversity factor?Due to this dependency or "diversity" in time, the diversity factor acknowledges that the whole load is not equal to the sum of its parts. In a facility with 10 20-ton air conditioners, for instance, the average full load equivalent running hours per year would be 2000.
It is unknown exactly when each unit goes on because they are all thermostatically controlled. The likelihood of fewer than all ten units turning on simultaneously increases if the ten units are significantly more than the facility's actual peak AC demand.
Thus, despite the fact that each unit works for a total of 2,000 hours each year, they do not all turn on at once to operate.
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Zara has developed the practice of delivering less merchandise to its stores on a more frequent basis. This quick response system is called a(n) Multiple Choice just-in-time inventory system. consignment system. vertical marketing system. indirect marketing channel. conventional marketing channel.
Answer:
Zara uses a just-in-time inventory system which is an inventory management system that delivers less merchandise on a more frequent basis than traditional inventory systems. As the case indicated, over time some stores had stockouts of popular merchandise while other stores were overstocked with the same item.
order these ideologies from those that call for the least amount of government involvement in the economy and society to those that call for the greatest amount of government involvement.
Placing different ideologies from those that support the least amount of government involvement in the economy and society to those that support the greatest amount of government involvement, we have Libertarian, Conservative, followed by Liberal, then finally Socialist.
This is because Libertarian is an ideology that is known for drastic laissez-faire political doctrine. They seek little government interference in every aspect of society.
Conservative is an ideology known for supporting sovereignty over equality. They support capitalism with no government interest in issues relating to business and social welfare policies.
Liberal this an ideology known for advocating for government involvement in education, labor, and social programs. They believe in greater equality of society and are more tolerant of others.
Socialism is an ideology known for supporting the idea of government owning and controlling everything in society, including economic and social issues. They prefer equality over freedom.
Hence, in this case, it is concluded that Libertarian ideology least wants government involvement in the society. At the same time, Socialism is the ideology that mostly wants government involvement in society.
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Which statement includes one real benefit from shopping with a credit card? *
1 point
You may earn cash back, travel rewards, or other perks for each dollar you spend
Most stores will give you a discount if you pay with credit instead of cash or debit
It pulls money directly from your bank account, preventing you from overspending
If you do not have the money to pay your monthly bill, you can just wait a few months and pay the same amount then
The statement which includes one real benefit from shopping with a credit card is:
A. You may earn cash back, travel rewards, or other perks for each dollar you spendA credit card is a payment card that is authorised by a financial institution which allows the owner of the card to make purchases based on his available card debit limit
There are various benefits to using a credit card which include:
A user can earn rewards or cash back when he spends with his credit cardA thief would not be able to successfully use a stolen credit cardIt is easier to make disputes on a transaction, etcTherefore, the correct answer is option A
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the ________ model assumes managers will make logical decisions that are the optimal means of furthering the organization’s best interests.
Considering the definition above, the model that assumes managers will make logical decisions in the firm's best interest is the Classical Model.
This is because the Classical Model, otherwise known as the rational model of decision making, is a type of decision-making model that assumes managers will make logical decisions that are the optimal means of furthering the organization’s best interests.
The classical model of decision usually involves four major steps, which are:
Identifying the problem or opportunityComing up with alternative solutionsAssessing options & select a solutionExecuting and assessing the impact of the solution carried out.Hence, in this case, it is concluded that the correct answer to the question is the Classical Model of decision making.
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On December 15, 2021, Rigsby Sales Co. sold a tract of land that cost $4,000,000 for $5,000,000. Rigsby appropriately uses the installment sales method of accounting for this transaction. Terms called for a down payment of $490,000 with the balance in two equal annual installments payable on December 15, 2022, and December 15, 2023. Ignore interest charges. Rigsby has a December 31 year-end. In 2021, Rigsby would recognize realized gross profit of:
a. $1,400,000.
b. $126,000.
c. $450,000.
d. $0.
why should teenagers, in particular, look for no fee savings accounts?
It is best that when teenagers get an account, that they get one that has no fees because they have a limited amount of money coming in.
In general, teenagers don't earn a lot of money, any bank account that they get therefore, should be one that doesn't reduce this little amount of money that they get.
It is therefore best that teenagers try to find accounts that have little or reduced fees. To this end, some banks offer teenage savings accounts that:
Don't charge for ATM withdrawalsDon't charge for transactions on a debit cardIn conclusion, teenagers should try to get accounts that do not have fees attached so as not to reduce the limited income they probably get.
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what is business? for a boss?
bucky’s hardware sold merchandise worth $1,200 to a customer, and offered terms of 2/10, n/30. if the customer pays within 10 days, bucky’s hardware will receive:
Assuming bucky’s hardware sold merchandise worth $1,200 to a customer, and offered terms of 2/10, n/30. if the customer pays within 10 days, bucky’s hardware will receive: $1,176
Using this formula
Amount received=Merchandise sold-(Merchandise sold ×Discount)
Where:
Merchandise sold =$1,200
Discount=2%
Let plug in the formula
Amount received=$1,200-($1,200×2%)
Amount received=$1,200-$24days
Amount received=$1,176
Inconclusion if the customer pays within 10 days, bucky’s hardware will receive: $1,176
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An example of consumer spending when calculating the GDP using the expenditures approach is _____.
rent
purchase of weapons for the military
purchase of software
none of the above
purchase of weapons for the military
a marketing plan is an important tool for communicating details of the marketing functions. what else is the marketing plan used for?
Answer:
to attract customers or other buissness man that might want to invest
A marketing plan is used in order to attract customers or other businessman that might want to invest.
What is a Marketing plan?A marketing plan may be included as part of a larger company plan. A solid marketing strategy is the cornerstone of a well-written marketing plan that will allow goals to be met. While a marketing strategy provides a list of tasks, it is useless to a firm without a solid strategic basis.
A marketing plan is an advertisement strategy that a company will use to sell its product or service. The marketing strategy will assist in determining who the target market is, the best way to contact them, the price point at which the product or service should be marketed, and how the firm will assess its efforts.
Therefore, it can be concluded that a marketing plan is designed to attract clients or other businessmen who may be interested in making investments.
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the amount of unemployment that the economy normally experiences is known as
Answer:
The natural rate of unemployment.
is when a product is sold from the manufacturer to the end consumer, with no wholesale or retail
companies in between.
A. Direct distribution
B. Extraction
C. Hospitality
D. Subcontracting
Please select the best answer from the choices provided
A
0 00
D
Mark this and retum
Save and Exit
Next
Submit
Answer:
a
Explanation:
Manufactured truck parts are part of which industry
A. Eloctronics
B. Chemicals
C.machinery
D.transportation equipment
Answer:
c
Explanation:
Answer:
c
Explanation:
How do you think the company’s motto ""Do what you like. Like what you do"" might affect how managers manage? Be specific
Answer:
This motto will encourage the managers to love their job which results in a higher performance
Explanation:
Compare and contrast the different types of partnerships. Explain the advantages to a partnership. Explain the disadvantages.
Answer:
ADVANTAGE:Less formal with fewer legal obligationssharing burden easy to get started better decision making knowledge, skills and experience ownership and controlExplanation:
DISADVANTAGE: profits must be shared personal demands taxes no independent status limits on developing business lack of disabilityWhat is missing from this goal that is preventing it from being a SMART goal?
Goal: I want to be successful right after high school by getting a job.
This goal is NOT
O Specific
0 Measurable
O Attainable
O Relevant
O Timely
which government branch creates the federal tax law
The answer is Congress :)
The government branch that create the federal tax law is : Congress.
What is a congress?Congress refers to the legislative arm of the federal government that represents the American people and also make the nation's laws. Congress shares power with the executive branch, led by the president, and the judicial branch.
A congress would have the following:
Very strong powers, which will enable it to execute its policies without hindrances.A good representation and understanding of the general opinion to be able to execulte the policies that people will actually want.A good understanding of the effects and consequences of the policies it executesHence, the government branch that create the federal tax law is Congress.
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