Explain why it is important to understand a business’ vision, mission, values and objectives when developing a business plan. Give an example to illustrate your answer.

Using calculations based on a periodic inventory system, the inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 Income Statement using the following cost flow methods are:

                                     FIFO Method    LIFO Method     Weighted Average

Ending Inventory               $41,450           $39,900                 $40,640

Cost of Goods Sold         $88,380            $89,930                 $89,190

The various inventory cost flow methods include:

Date      Activities                  Units   Unit Cost                Total

                                                                                  Costs        Sales

Aug. 1 Inventory on hand     2,100     $5.40           $11,340

Aug. 8 Purchases               10,500     $5.60          58,800

Aug. 14 Sales                      (8,400)                 $12.10              $101,640

Aug. 18 Purchases              6,300       $5.70          35,910

Aug. 25 Sales                     (7,400)                 $11.10               $82,140

Aug. 28 Purchases              4,100       $5.80          23,780

Total inventory for sale    23,000                       $129,830

Aug. 31 Inventory on hand 7,200

Inventory sales                 15,800                                        $183,780

FIFO:

Ending inventory = $41,450 (3,100 x $5.70 + 4,100 x $5.80)

Cost of goods sold = Cost of goods available for sale - Ending inventory

= $88,380 ($129,830 - $41,450)

LIFO:

Ending inventory = $39,900 (2,100 x $5.40 + 5,100 x $5.60)

Cost of goods sold = $89,930 ($129,830 - $39,900)

Weighted Average:

Average cost = $5.645 ($129,830/23,000)

Ending inventory = $40,640 ($5.645 x 7,200)

Cost of goods sold = $89,190 ($5.645 x 15,800)

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FIFO, LIFO, and Weighted Average inventory methods.

Answer: B end of life wishes

Explanation: i just took the test

The will that a person would write is going to have all of the following designations apart from the End of life wishes.

This is the term that is used to refer to the document that is used to tell us of the wishes of a person that is written so as to stipulate the ways that he would love to have his assets divided on the occasion of death.

The will is known to include the person that is to act as the executor of the will at his demise, the people that are to inherit the assets in the will that is read and all of the assets that the dead owned that he would want to be shared.

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The project that should be adopted based on the net present value is project B.

The project that should be adopted based on the internal rate of return is project B.

Net present value is the present value of after-tax cash flows from an investment less the amount invested. Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

The decision rule when using the internal rate of return and the net present value is to undertake the project if the internal rate of return and net present value.

NPV and IRR can be calculated using a financial calculator:

Project A:

Cash flow in year 0 = $-106,000

Cash flow in year 1 - 5=  $27,252

I = 8 %

NPV = $2,809.33

IRR = 9%

Project B:

Cash flow in year 0 = $-46,000.

Cash flow in year 1 - 5=  $12,761

I = 8 %

NPV = $4,950.97

IRR = 12%

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Customer objections can be categorized as relating to product and price.

This is the term that is used to refer to all of the concerns that a prospective consumer is going to have. This is what would have to make the person to hesitate in terms of making a purchase decision.

The reason is due to the fact that the people that buy want to be sure that the good that they are buying is a good one.

Hence the last option is the correct solution to the question that we have here.

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Answer:

Here are the answers i found on Course Hero! Hope this helps. Have a good day! :D

Answer:The company's assets will rise by $500,000 while its liabilities will rise by $500,000.

What is accounting equation?

The accounting equation is the assets that are equivalent to the liabilities & equity, and the same should be shown in the balance sheet.

The accounting equation is given as:

Assets = Owner's equity + liability

The asset will rise because the company is purchasing new products, also the liability will rise because of the loan taken to purchase the asset.

Hence, the company's assets will rise by $500,000 while its liabilities will rise by $500,000.

Explanation:

Some questions a school counselor might ask a student to guide their selection of clubs or organizations might be:

It is essential that the student chooses activities and groups that are aligned with his/her profile, preferences and abilities. Assuming that the student likes to write and read, then the book club could be ideal for the student to further develop their skills.

The school counselor is the professional responsible for helping the student to make educational and professional decisions based on their needs, characteristics and will.

Therefore, the guidance of the student by the school counselor is advantageous for motivating and making the student understand more about their wishes and future perspectives for cognitive and social development.

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Ethics which can also be known as moral philosophy is a branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong behavior.

Below you can read more about Factors that may Affect Ethics.

Ethical trust defines the principles of fairness, good faith and respect consistent with laws, regulations which helps in promoting professionalism.

There are several factors that affect good ethical conduct, they include the following

the Sarbanes-Oxley Act was created in response to incessant corporate fraud and failures. Its aim was to create new rules for corporations, such as setting new auditor standards.

The Legal liabilities of an accountant implies that the accountant is accountant legally liable for being negligent of fraud, even if they had no actual stake in the fraud being committed.

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perceiving situations as problems rather than challenges. [option a] is one of the ways a supervisor can gain control.

Hence, supervisors can easily control subordinates by the span of management.

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The three options from the perspective of customer service, when used can help provide the best level of service are:

The capacity for trust and for being trusted is a crucial component of empathy. This is crucial to preventing bullying. People may take chances and be honest with each other when there is trust between them. There will be more sharing of facts, emotions, and ideas as trust grows.

Empathy establish connections with others, apply emotional intelligence and empathy. Truth-telling with tact means taking into account the emotions and reactions of others. It helps one to be able to send some challenging feedback, pass on private information, and others.

The Gains from the Customer Service Perspective are:

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Let's say that a good's price rises over time while its supply is traded more frequently on markets.  A possible explanation is that in over time the supply curve shifts outwards.

When someone works past their regular shifts, this is known as overtime. The payment for this time is referred to by this name as well.

Overtime labor regulations are present in the majority of national jurisdictions and are intended to deter or forbid businesses from requiring their staff to put in overly lengthy hours. Humanitarian concerns may not be the only factors taken into account by these regulations, which may also increase overall employment levels in the economy or safeguard worker health so they may continue to be productive. Demanding that companies pay employees more per hour for extra labor is a typical strategy for controlling overtime. Even if required to do so by law, employers may decide to provide employees higher overtime compensation.

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Answer:

The career planning process has four components:
(1) Self Assessment
(2) Career Exploration
(3) Career Identification
(4) Action Plan

Explanation:

Hope this helps! :)

The statements are correct regarding the difference between physical flow and the cost flow of goods Option is the business may adopt any cost flow assumption when accounting for perishable items.

The flow of costs refers to the manner or course wherein charges circulate via a firm. generally, the glide of charges is applicable with manufacturing corporations wherein accountants need to quantify what costs are average price go with the flow assumption is a calculation group used to assign costs to stock items,

Cost flow products bought (COGS), and ending stock. an average is taken of all of the products bought from stock over the accounting length and that common fee is assigned to the goods.

The cost flow drift version is used to examine a perpetual inventory machine balance to a real bodily count. It takes you to begin stability adds your purchases then subtract it in opposition to your bodily finishing matter so that it will calculate your price of goods bought factor.

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The labor force participation rate of a population of 400,00 wherein the working labor force is 305,00 workers is 76.3%.

The labor force participation rate provides an estimate of the size of the labor force in an economy. The calculation is the proportion of the working-age non-institutionalized population, ages 16 and older, who are employed or actively looking for work.

According to the U.S. Bureau of Labor Statistics (BLS), which releases the data monthly, the labor force participation rate in the U.S. ranged between a low of 61.7% and a high of 62.3% in the 12 months ending in September 2022.

Calculation:

The formula for calculating the labor force participation rate is: (Labor Force Civilian Noninstitutional Population) x 100.

= (305,00/400,00)*100

= 76.3%

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Having a credit card offers several benefits, from the flexibility of making purchases when you don't have cash to the opportunity to earn points on every dollar you spend.

Use of credit card:

Having a credit card can also help you establish a credit history, which is crucial if you ever want to apply for a personal loan or mortgage.

Although owning a credit card can enhance your score, it can potentially lower it. It's critical to know how to use a credit card responsibly, live within your limits, and make full, on-time payments to your debt every month.

Factors do you think is most important for Miles to consider when selecting a card:

While choosing a new credit card, there are many things to take into consideration. The best option for you may reflect on the features and costs of a card as well as your own financial condition and interests.

1. Credit Score Requirements:

Although credit card issuers may provide some basic advice, they may not have a minimum credit score requirements for each of their cards.

2. What You Want to to Do With the Card:

You should also think about how you intend to use your new credit card.

3. Fees:

Even if you do not pay interest on your credit card, fees can still affect how much it costs to use the card.

4. Annual Percentage Rates (APRs):

The APR of a credit card influences how much interest is charged while a balance is carried.

5. Rewards:

On every eligible transaction, rewards credit cards may give you cash back, points, or miles.

6. Credit Limit:

The credit limit on your card determines how much of a balance you can have before being unable to make any further purchases.

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The keys to success in a small business are adaptability, perseverance, and hard work. However, these are three essential qualities for any endeavor.

What is a businessman's level of intelligence?

interpersonal intelligence (also known as "people savvy").

It necessitates the ability to comprehend multiple points of view, sensitivity to moods and temperaments, and efficient verbal and nonverbal communication. Interpersonal skills are especially important for entrepreneurs.

Who has an interest in business?

To have a business mind is to become a person who is aware of all the risks associated with each investment and to continuously improve your ability to solve problems.

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Raisin growers, milk producers, and pork processors are examples of companies that have jointly supported promotional campaigns designed to build primary demand for their products. They have engaged in positive sum

Generally, When resources are expanded in some way and a method is developed in which the wants and requirements of all parties involved are fulfilled, there will be a positive sum.

This will occur when there is a positive sum. One illustration of this would be the situation in which two different parties benefit monetarily by their participation in a competition, regardless of which one wins.

The concept of a "negative-sum game" refers to a set of circumstances in which the overall sum of wins and losses is negative rather than zero, and the only option for one party to preserve the status quo is to take something away from the other side.

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The focus of this video was on Employee Compensation which the chapter describes as all forms of pay going to employees and arising from their employment.

Employee compensation is the entire remuneration that an organisation pays to an employee in exchange for the work that employee performed during the accounting period, whether that payment is made in cash or in kind.

Typically, the term "compensation" refers to a monetary payment made to a person in return for their work. Employees work to earn their income at the office. It includes the employee's pay or earnings, commission, and any additional benefits or incentives associated with the job.

Pay, holidays, health insurance, and bonuses all contribute to an employee's total compensation. Other benefits are also included, such as a company car, free parking, complimentary or discounted meals, travel expenses, etc.

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Adjustments are made at the end of the accounting period because making them on a daily basis would be inefficient.

An accounting amount, in bookkeeping, is the period with relevancy that management accounts and monetary statements are prepared. In management accounting, the accounting period varies widely and is decided by management. Monthly accounting periods are common.

In financial accounting, the accounting period is determined by regulation and is sometimes twelve months. the start of the accounting period differs per jurisdiction. For example, one entity might follow the calendar year, Gregorian calendar month to December, whereas another may follow April to March because of the accounting period.

The International Monetary Reporting Standards allow a period of fifty-two weeks as an accounting period rather than 12 months.[1] This technique is thought of as the 4-4-5 calendar in British and Commonwealth usage and the 52–53-week fiscal year in the United States. In the United States the technique is allowable by generally accepted accounting principles, similarly as by US Internal Revenue Code Regulation 1.441-2 [2] (IRS Publication 538).

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If the demand curve for my product is fairly inelastic, I would be less likely to increase prices.

The elasticity of demand for a product measures how the quantity demanded of a good changes when there is a change in the price of the good.

When demand is fairly inelastic, it means that when price changes, there is little or no change in the quantity demanded. The coefficient of elasticity is usually less than one. Goods that have an inelastic demand are usually necessity goods.

When the price of a good that has an inelastic demand is increased, there would be little change in the quantity demanded. This would increase the revenue of the seller.

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In project schedule management, developing a schedule is ultimately intended to serve as a foundation for tracking project progress for the time dimension of the project.

A thorough plan describing how and when the project will deliver its goods and services as specified by the project scope is called a project timeline.

The definition of the job to be completed and the schedule are closely related. It is a thorough schedule of the jobs or activities that must be done during the project's duration. It also makes it possible to gather a budget by assessing the resources required for the project.

All of the actions or activities required to fulfill the project deliverables are included in the schedule. Dependencies serve as the connections between these jobs. Scheduling analysis is then based on the resulting "network" of tasks.

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The price which you should charge if you want the firm to earn only a fair rate of return would be $2 per bag.

Given,

Demand is perfectly inelastic at - 40 million bags

Consumers demand - 40 million bags

So, here the price which tends to yield a fair rate of return is also the price that makes the economic profit = 0.

Thus, the sales price = average total cost. So we must first determine total costs for producing 40 million bags:

Total costs = the Fixed costs + Variable costs

= $40 million + (40 million x $1) = $80 million

Now, we have to determine average total cost:

Average total cost at 40 million bags

= $80 million / 40 million bags = $2 per bag

The price which you should charge if you want the firm to earn only a fair rate of return would be $2 per bag.

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A financial statements & financial ratios are used as factors in a company’s decision-making process because its informs about the company financial position.

In finance, a financial statements refers to those written records that convey the business activities and the financial performance of a company. It is often audited by government agencies, accountants, firms, etc. to ensure accuracy, for tax, financing, investing purposes etc.

Also, a financial ratio means a relative magnitude of two selected numerical values taken from an enterprise's financial statements. As we have many standard ratios, they are all used to try to evaluate the overall financial condition of a corporation or other organization.

The three ways in which businesses demonstrate a corporate responsibility includes

It is best defined as a business model that helps a company be socially accountable to itself, stakeholders, public. government etc. When a firm practices corporate responsibility, its becomes conscious of the kind of impact they are having on all aspects of society including the economic, social, and environmental aspect.

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Answer:

You must submit the Free Application for Federal Student Aid, also known as the FAFSA.

Explanation:

When the price of steak goes up, the demand curve for potatoes shift to the left.

The potato is a starchy tuber of the plant Solanum tuberosum and is a root vegetable and a fruit native to the Americas. The plant is a perennial within the nightshade own family Solanaceae. Wild potato species can be determined from the southern u.s.a. to southern Chile.

In addition to starch, potatoes contain nutrients, minerals, and fiber. they're wealthy in vitamin C, that's an antioxidant. Potatoes had been a existence-saving food supply in early instances because the vitamin C averted scurvy.

Clean potatoes are baked, boiled, or fried and utilized in a marvelous variety of recipes: mashed potatoes, potato pancakes, potato dumplings, twice-baked potatoes, potato soup, potato salad and potatoes au gratin, to call a few.

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This theory establishes that people have 5 basic needs:physiological, security, social, esteem, and self-actualization:

Maslow's hierarchy of needs is a motivational theory.

Edit Link options. When you open the Edit Links dialog (Data > Queries & Connections > Edit Links), you're presented with several options for dealing with existing links. You can select individual workbooks with Ctrl+click, or all of them with Ctrl+A. This will update all selected workbooks.

Answer:data tab, connections group

Explanation:

just did

Interest income from this type of investment is: Option C. not federally taxable but must be reported on form 1040.

These can be viewed as loans that investors give to local governments and are used to pay for infrastructure projects like parks, libraries, bridges, and highways. Municipal bonds are an appealing investment choice for people in high tax brackets because interest on them is frequently tax free.

Municipal bonds are financial securities that are issued by local or state governments to raise money for certain public projects or to simply fund continuing operations. In exchange for making a financial debt to that government, the investor will receive interest payments until the bond matures.

Therefore, Municipal bonds provide stability for your capital with low default rates, even though they may have lower interest rates than riskier investments like corporate bonds or stocks.

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The stock price of gnomes r us is $108.23.

The dividend pay-out ratio is the ratio of dividend to earnings per share.

Dividend pay-out ratio = dividend / earnings per share

30% = 1.91 / earnings per share

Earnings per share = 1.91 / 0.3 = 6.37

The PE ratio is the ratio of price to earning per share.

PE ratio = price / earnings per share

17 = price / 6.37

price = 17 x 6.37

Price = $108.23

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Answer:How is refutation different from concession?

Concession – a sentence or two acknowledging that there could be some truth to the Counterargument. Refutation (also called Rebuttal) – sentences which explain why the Counterargument is not as strong as the original Argument.