The claim amount is $4,630, which is not covered by insurance.
What is claim amount?The sum payable at the maturity of an insurance policy or upon the death of the person insured to the beneficiary, nominee, or legal heir of the insured is known as the claim amount. The actual loss incurred by the Insured with respect to a Loan as calculated in accordance with Section V is referred to as the Claim Amount. Claim = Loss Suffered x Insured Value/Total Cost The goal of such an Average Clause is to limit the Insurance Company's liability. A Claim Payment is an amount paid to you under the Policy to compensate you for credit losses caused by unpaid insured receivables.Therefore,
The insurance company will pay the greater of the claim amount or the insurance coverage limit for each item. Because the values of the stolen jewelry and silverware exceed their individual coverage limits, the insurance company will pay the $1,000 for jewelry and $2,500 for silverware coverage limits.
Amount not covered by insurance = ($4,470 - 1,000) + ($3,660 - 2,500)
= 3,470 + 1,160
= $4,630
sperry corp. signs a 2-year note payable for $100,000. the principal of the note and interest are due in 2 years, and the note bears interest at 10% compounded annually. what is the amount of interest that must be repaid at the end of year 2?
The amount of interest that must be repaid at the end of year 2 is 21000.
= 100,000 (1.10^2)
= 121,000
= 121,000 - 100,000
= 21,000 interest paid.
What are Notes Payable?
Written promissory notes are known as notes payable. A borrower receives a certain sum of money from a lender under this arrangement and promises to pay it back with interest over a predetermined time frame. The interest rate may be set for the duration of the note or it may change in accordance with the interest rate the lender charges its most valuable clients (known as the prime rate). In contrast to an account payable, which requires the payment of both interest and a promissory note, this is different (though a penalty may be assessed if payment is made after a designated due date).To know more about Note payable questions visit:
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the degree of customer contact measures the amount of time the customer is in the service delivery system. none of these choices are correct. the amount of time the customer is separated from the service delivery system. the customization abilities of the service system.
The degree of customer contact measures the amount of time the customer is B. The amount of time the customer is in the service delivery system while the service is being produced.
Fantastic clients are Advocates. High-quality customers, after they surely are becoming exceptional price out of your product, become extra than just glad. They do greater than just references. They provide you with extra than just excessive consumer pleasure marks.
Clients want your services or products to be characteristic of the manner they want with the intention to resolve their problem or preference. Clients have precise budgets with which they can purchase a service or product. Your services or products desire to be a convenient strategy to the characteristic your customers are looking to meet.
These are variables that include the event, the benefit sought, consumer status, consumer charge, loyalty rate, readiness stage, and purchasers' attitude. They include loyalty, value, frequency of purchase, quantity of purchase, time of year, time concerned in buying decision, and where a customer purchases the product.
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jeld-wen is a manufacturer of doors and windows that are sold through home improvement stores such as menards, home depot, and professional building contractors. jeld-wen uses a customer relationship management system to track customer interactions. for example, jeld-wen recently completed a study of its professional contractors and identified three distinct segments of contractors based on their purchase habits. the company will share this information with different divisions within jeld-wen. which step of the customer relationship management system best characterizes jeld-wen's actions of sharing the information with different divisions within the firm?
As given that the company will share this information with different divisions within Jeld-Wen, the step of the customer relationship management system that best characterizes the firm's actions of sharing the information with different divisions within the firm is known as Leverage customer information.
What is a customer relationship management system?Basically, a customer relationship management means the process in which a business administers its interactions with customers, most especially by using a data analysis to study large amounts of information.
The system of a customer relationship management usually compiles data from a range of different communication channels including company's website, telephone, email, live ch-at, marketing materials, social media etc to allow the businesses to learn more about their target audiences. This system helps a typical firm to retain customers and drives their sales growth.
Therefore, the Option C is correct.
Missing options "a. Identify customer relationships. b. Store and integrate customer data using information technology. c. Lev-erage customer information. d. Capture customer data based on interactions.
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storico currently has 24,000 shares outstanding that sell for $46.49 per share. the company plans to issue a stock dividend of 20 percent. how many new shares will be issued?
New shares = 21,000(.125)New shares = 2,625 shares. A share is a unit used in mutual funds, limited partnerships, and real estate investment trusts in the financial markets. The term "share capital" describes all of an organization's shares.
What is shares?A share is a unit used in mutual funds, limited partnerships, and real estate investment trusts in the financial markets. The term "share capital" describes all of an organization's shares. A corporation's shareholder is someone who owns shares in the business.
Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends. A stock with no dividend payments does not distribute its income to its shareholders.
Shares signify ownership in a corporation. An individual becomes a shareholder in your business when they purchase shares.
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gthe peak of a business cycle is typically accompanied by: group of answer choices the highest unemployment rate over the cycle the highest rate of increase in the price level over the cycle the lowest output of goods and services over the cycle all of the above
The peak of a business cycle is generally accompanied by 'the highest rate of increase in the price level over the cycle'. Thus, the correct answer option is (b).
A business cycle refers to the repetitive economic changes that take place over time in a country. The business cycle shows the inverse and decrease in the economy over a period. The business cycle can be influenced by the factors such as interest rates, trade, investment, and production costs. Primarily, financial professionals and enterprises measure the business cycle by the influences of trade and production costs and fluctuations in the gross domestic product (GDP).
The peak is the second phase among the four phases of the business cycle. The peak phase is the point right before core economic indicators begin to fall. At the peak of the business cycle, the highest rates of increase in the price level are noticed and businesses can no longer satisfy the demands of consumers.
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the international monetary system went through several distinct stages of evolution. these stages are summarized, in alphabetic order, as follows: (i) bimetallism (ii) bretton woods system (iii) classical gold standard (iv) flexible exchange rate regime (v) interwar period the chronological order that they actually occurred is:
The development of the global monetary system has gone through four periods or stages: Golden Rule (1875-1914) Interwar years (1915-1944) System of Bretton Woods (1945-1972).
What stages has the global monetary system gone through?
The four stages of the development of the international monetary system are as follows: the gold standard (1880–1914); the gold exchange standard (1925–1933); the Bretton Woods system (1944–1971); and the Jamaica system, commonly referred to as the variable exchange rate system (1976–present)
How was the global monetary system established?
In July 1944, representatives from 44 nations met in Bretton Woods, New Hampshire, to create a new global monetary system. At the meeting, participants decided to launch the World Bank Group and the International Monetary Fund.
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28 companies in the u. S. And canada began a six-month pilot program this week testing what type of approach to work?.
28 businesses in the US and Canada are experimenting with the four-day work week. In collaboration with Four-Day Week Global, it will be a part of a six-month experimental initiative. The same study is currently halfway through with 70 companies in the UK. It is a collaborative non-profit project.
Explain about the non profit partnership?
A nonprofit organization and a corporate sponsor or partner work together to achieve a similar goal on the basis of their shared principles in a nonprofit-corporate partnership, sometimes known as a corporate-charity collaboration if the nonprofit is a charity.
Collaboration between nonprofits enables various organizations to work together and advance local communities and the global community even further. The purpose of your NPO can be furthered in many ways by partnering with another nonprofit organisation, whether locally or globally.
Shared knowledge and expertise: Partnerships give businesses the chance to learn from one another and exchange best practices. Greater impact: When NGOs collaborate, they can do more than they could on their own.
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there is no difference between strategic and tactical forecasting - a forecast is a mathematical projection and its ultimate purpose should make no difference to the analyst. o true o false
Strategic forecasting is the same as tactical forecasting: False
Write a note on strategic forecasting.Companies employ tactics to achieve their objectives. Forecasting what objectives are achievable and to what extent the organization will succeed in achieving them is one of the fundamental components of a business' operations. The two roles are connected by strategic forecasting, which use operating methods to assure the accuracy of these forecasts and adjusts them to support strategic goals. Small firms occasionally make projections but consistently fall short of their goals. They can improve the accuracy of their forecasts and achieve their goals by incorporating forecasting into their business plans.
Forecasting is treated as a separate function by businesses that are not involved in strategic forecasting. In order to arrive at potential sales and profit statistics, businesses attempt to predict the behavior of the variables in their business environment. They use realistic goals derived from these forecasts as the foundation for their plans. This simple strategy is used by many small businesses, and when they fall short of their goals, they attribute it to unanticipated changes in the external environment of their industry and make an effort to improve over the following cycle.
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An automobile salesperson uses ________ when it accesses a mobile system to obtain the latest information on consumer demand for electric vehicles.
An automobile salesperson uses market place or social media when it accesses a mobile system to obtain the latest information on consumer demand for electric vehicles.
Social media are used by some businesses for increasing their brand awareness, others use it for driving website traffic and sales. Social media can help you generate engagement around your brand, create a community, and serve as a customer support channel for your customers.
Social media can help you to connect to your customers, increase your online traffic, improve your customer-brand relationship, and establishes your credibility.
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a firm wants to use an option to hedge 12.5 million in receivables from new zealand firms. the premium is $.03. the exercise price is $.55. if the option is exercised, what is the total amount of dollars received (after accounting for the premium paid)? group of answer choices
The total amount of dollars received (after accounting for the premium paid) is equals to $6,500,000. A forward premium can be defined as a situation in which the forward or expected future price for a currency is greater than the spot price.
In economy, a forward premium can be defined as a frequently measured as the difference between the forward rate and the current spot rate. Forward premium is equivalent to a discount when a forward premium is negative.
Dollars received from exercising option = $12.5 million x $.55 = $6,875,000.
Premium paid for options = $12.5 million x $.03 = $375,000.
Amount of dollars received minus premium = $6,500,000.
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what is the price today (in dollars and cents) of a 3-year 5.65% coupon rate bond that returns the par value of $1000 at maturity if the yield to maturity is 12.50%
A zero-coupon bond has a yield to maturity of 5 nd a par value of $1,000 , for a 3 year 5.65% coupon rate bond.
What is coupon rate bond and what is the price today of a 3 year 5.65% coupon rate bond?Simultaneously of holding a bond , the annual income an investor can expect to recieve is what we call coupon rate bond.Here is mentioned a 3 year 5.65% coupon rate bond that returns the par value of thousand dollars at maturity.Purchasing a $1000 bond and if the coupon rate is 5% then the issuer provides the investor with 5% interest every year.Hence the zero coupon bond of a 3 year 5.65% coupon rate bond that returns the par value of thousand dollars at maturity if the yield to maturity is 12.50%.To know more about coupon rate visit:
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clm is a leading cable operator. the company has recently declared bankruptcy and it needs to restructure its processes to attain more flexibility and allow it to raise capital. since clm has identified its need for strategic change, what would be clm's next step in the strategy-making process?
The next step in the strategy-making process in conducting a situation analysis.
Benefits are additional income outside of salary as assistance from the company, institution, or institution where you work. Generally, the benefits are combined with the monthly salary.
This additional is money that is given or allocated regularly for certain purposes. Details of the type and amount are usually listed in detail on the salary slip or income report from the company or employer institution. Companies that provide benefits to their employees must have a specific purpose. Because benefits have benefits that can affect employees and the company. The objectives and benefits of providing allowances include:
Increase employee productivitySupport the company's business processesRetaining quality employeesMaintain employee mental healthTo attract new job applicantsYou can learn more about Benefits here brainly.com/question/13514200
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a company issues its equity securities to purchase land. the common stock is publicly traded, and both the value of the stock and the land is known. the best indicator of fair value is the value of the multiple choice question. land. stock.
A company issues its equity securities to purchase land. the common stock is publicly traded, and both the value of the stock and the land is known. the best indicator of fair value is the value of the stock.
Inventory includes the stocks of which ownership of a organization or organisation is divided. A unmarried percentage of the stock method fractional ownership of the organisation in proportion to the total variety of stocks.
A stock is a protection that represents a fractional possession in a business enterprise. when you buy a corporation's inventory, you are purchasing a small piece of that business enterprise, known as a share. investors purchase shares in businesses they think will cross up in fee. stocks constitute possession in a publicly traded agency. when you purchase a enterprise's stock, you grow to be part-proprietor of that corporation. for example, if a agency has one hundred,000 shares, and also you purchase 1,000 of them, you personal 1% of the employer.
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What effect does recording a capital expenditure as repairs and maintenance expense have on the financial statements of the current period?.
It understates net income and overstates expenses. Contrary to operating expenses, which are listed on your income statement, capital expenditures are always listed as an investment on your balance sheet and will be mentioned in the investing activities part of your cash flow statement.
What impact do capital investments have on financial statements?An income statement does not instantly reflect money spent on CAPEX items. Instead, it is considered as an asset on the balance sheet and is written off over a period of years as a depreciation expenditure, starting in the year after the item is purchased. Although a capital expenditure's true cost is not immediately reflected on the income statement, depreciation steadily affects earnings during the asset's useful life. Key Learnings. Payments paid for products or services that are capitalized on a company's balance sheet as opposed to being expensed on the income statement are known as capital expenditures.
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5. turnkey systems, inc. began the month of june, 2014 with a prepaid expenses balance of $240,000. during the month, debits totaling $110,000 and credits totaling $80,000 were made to the prepaid expenses account. what was the june, 2014 ending balance of prepaid expenses? a debit balance of $210,000 a credit balance of $210,000 a debit balance of $270,000 a credit balance of $270,000
The net residual balance in an account is the finishing balance. It is typically measured as part of the closing process at the conclusion of a reporting period. The process of calculating an ending balance involves adding the amount of all transactions in an account to the initial balance.
The following formula can be used to determine the final balance of prepaid expenses:
Beginning balance plus debit entries minus credit entries equals the final balance. We are informed of the following:
Start-Up Balance: $240,000
$110,000 in total debit entries
$80,000 total credit entries
Consequently, the ending balance is 24000+110000-80000, or 270,000.
$270,000 will be the final sum of prepaid expenses.
An item that has been paid for in advance but has not yet been recorded as an expense by a corporation is documented at a specific point in time. In other words, prepaid expenses are outlays that are made during one accounting period but won't be recorded until a subsequent one.
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a respondent is given a list of four local shopping malls and asked to put them in order, from the one he most likes to shop at to the one he least likes to shop at. this is a(n) task.
A respondent is given a list of four local shopping malls and asked to put them in order, from the one he most likes to shop at to the one he least likes to shop at. This is a task of Research Marketing.
What is Research Marketing?
Market research is a systematic attempt to learn as much as possible about target markets and consumers, starting with who they are. It is a crucial element of corporate strategy and a key contributor to keeping competitiveness.
What are the types of Market Research?
Primary market research, which includes focus groups, polls, and surveyssecondary market research, which includes articles, info graphics, and white papers qualitative research, which provides insights into how customers feel and thinkquantitative research, which employs data and statistics, including website views, social media engagement, and subscriber counts, are the main types of market research.To learn more about market research from the given link
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although bangladesh and india have the same annual growth rate, their economies are much different in size. one way to explain the size difference to someone who is unfamiliar with scaling large numbers is to visualize it. india's gdp is a
India's GDP growth rate is lower than that of Bangladesh.
GDP or Gross Domestic product is defined as the final value of all the products that are produced within a country in a specified period of time or within a financial year. GDP growth rate may be an important feature to compare the economies of two countries. India and Bangladesh do not have same territorial boundary and their economies are also not equal. There are many factors to compare the economies of the two countries and the main factor is the GDP growth rate as the other factors are almost same. India is witnessing a slight increase in the GDP growth rate though the growth rates are comparatively smaller than that of Bangladesh. Covid-19 has struck the GDP of India and affected it to a very large extent and efforts are being made to recover the GDP growth rate.
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this final act in closing out a project helps future projects, may be required by government regulations, ensures warranties are valid, may be required by the customer, and may be required for certification. what process does this describe?
Project closure is the last step in finalizing a project. It deals with unsolved issues and archives the data of the project for future reference.
It is an important step in finalizing the project as the project information is archived, plans are completed, and allows the team members move forward with other plans. The first step is to review the progress, complete the deal and make a report of customer satisfaction.
The second step includes the lessons learned from the project. It includes a review of the timeline, project budget, and other aspects included in the completion of the project.
The third step is the sense of accomplishment among the team members involved in the completion of the project. The final step is to archive the details and information of the project for future reference. It notifies the team and upper authority about the completion of the project.
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rebecca siddoway own and operate country candies. siddoway specializes in making rich, creamy toffees that she packages in attractive gift boxes and sells through the mail. what would be the advantage to siddoway if she decides to incorporate her business?
The benefit for Sideway if she decides to incorporate her business is that
corporations have an expanded potential to acquire financing.
A company is a legitimate entity that exists independently of its owners. Many of the same legal rights and obligations that apply to individuals financing also corporations apply to businesses. They have legal authority to make agreements, lend and borrow money, file lawsuits, hire staff, possess property, and pay taxes.
The majority of big companies are corporations, such Some businesses operate both under corporations their own names and under several trade names, such as financing illustrious parent company, Alphabet Inc.
When a group of shareholders incorporates a business with the intention of pursuing a common objective, they each hold stock shares corporations that reflect a portion of the corporation's ownership.
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determine which statements below are correct regarding merchandise available for sale during a period. (check all that apply.)multiple select question.beginning inventory ending inventory
The statement is correct regarding merchandise available for sale during a period: Beginning inventory + net purchase = merchandise for sale; ending inventory + cost of goods sold = merchandise for sale.
Inventory refers to the stock of merchandise held by a business. It is a crucial part of running a business, as it can affect both your bottom line and your customer satisfaction. The right inventory management system can save businesses time and money and ensure that you have all the supplies and materials
An effective inventory management system is essential for businesses to maintain efficient sale . There are a number of factors to consider when designing an inventory management system, such as the type of goods being stored, the frequency of inventory turnover , and the desired level of accuracy.
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projects x and y are mutually exclusive. project x: invest $1000, pv of return in 3 year is $2000. project y: invest $2000, pv of return in 1 year is $3500. in which should you invest?
I would definitely invest in Project Y! We actually don't need complicated formula to choose which project is worth investing.
So, imagine you have a budget that you can use to take a risk in a business. Suddenly, two mutually exclusive projects are proposed or pitched to you. (Just remember that you can calculate your profit by deducting your investment from the Present Value of Return):
Project X will give you $2000 after 3 years if you give them your $1000. Thus, you will only earn $1000... after a very long time.
(It was solved like this by the way: $2000 - $1000 = $1000)
On the other hand, Project Y will give you a $3500 after a year if you give them your $2000. You'll earn a $1500 here!
(It was solved like this: $3500 - $2000 = $1500)
It is much better to take risk to a project that the Present Value of Return is higher and shorter in period.
And since you have a budget to invest, pick Project Y.
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a company achieves a successful low-cost provider strategy by multiple choice question. boasting lower costs than rivals, but not necessarily the absolutely lowest cost. being one of several competitors in the industry with low costs. offering only frills-free products or services. always having the rock-bottom lowest cost in the industry regardless of profit margins.
Boasting lower costs than rivals, but not necessarily the absolutely lowest cost.
What is lowest cost strategy?To attract clients to the market, a low-cost provider tries to provide its goods at the lowest possible price while yet turning a profit. Due to the fact that these businesses want to appeal to a large market, this is the wide interpretation of the low-cost strategy.Businesses that employ the best-cost strategy typically attract customers with their cheaper rates and are able to cultivate a loyal following of clients. This is so that they may provide their clients with a value that lives up to their expectations.To learn more about lowest cost strategy refer to:
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leonard oil refiners inc. needs to borrow $1 million overnight and is willing to secure the loan with a portfolio of securities that the borrower will repurchase tomorrow at a higher price. this is an example of a(n):
Based on the fact that Leonard oil refiners inc. needs to borrow $1 million overnight and is willing to secure the loan with a portfolio of securities and the borrower will repurchase tomorrow at a higher price. this is an example of a repurchase agreement
What is a Repurchase Agreement?This refers to the type of agreement that is made between a dealer and investors and is a short-term borrowing usually in government securities that usually leads to repurchase the item at a higher price.
Hence, we can see that the given question is a perfect example of this repurchase agreement as the company, Leonard oil refiners inc. needs to borrow $1 million overnight and trades their securities.
With this in mind, the correct answer is a repurchase agreement
In conclusion, it can be seen that to secure the loan with a portfolio of securities that the borrower will repurchase tomorrow at a higher price. this is an example of a repurchase agreement
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What differentiated the economy in the southern united states from the economy in the northern united states in the nineteenth century?.
Due to its reliance on the agricultural rather than the manufacturing sectors, the southern United States' economy in the 19th century differed significantly from that of the northern United States.
What is the economy?A region's economy is its capacity for the creation, exchange, and consumption of products and services. Generally speaking, it is described as a social domain that places an emphasis on the activities, discourses, and material manifestations connected to the creation, use, and management of finite resources.
A system of interconnected production and consuming activities makes up an economy, and these activities ultimately decide how resources are distributed within a society.
The whole production and consumption of products and services meets the demands of persons residing in and conducting business inside it.
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training meetings can be used to accomplish personal, professional, and organizational goals. which best describes an example of a training meeting that will meet a personal goal?
A doctor attends a meeting to exchange information on new medical procedures.
What is training meeting?When a manager, supervisor, or team member imparts knowledge and skills to a different individual or group, it is known as a training meeting. These training sessions can enhance worker effectiveness, present fresh viewpoints, and guarantee proper product usage.
A training session is a period of instruction, education, or professional growth.
When a manager, supervisor, or team member imparts knowledge and skills to a different individual or group, it is known as a training meeting. These training sessions can enhance worker effectiveness, present fresh viewpoints, and guarantee proper product usage. Depending on who needs training, training sessions may be held for clients or customers as well as staff.
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suppose that the government pairs each $100-per-hour lawyer with 20 nearby minimum-wage workers. if the government taxes 25 percent of each lawyer's income each week and distributes it equally among the 20 minimum-wage workers with whom each lawyer is paired, how much will each of those minimum-wage workers receive each week?
By comparing family incomes to a criterion based on family size, government statisticians identify those who are considered to be officially poor.
Attorney salary is $110 per hour.
40 hours are worked per week in total.
Total earnings equal $110 * 40, or $4400.
Thus,
A lawyer making $110 per hour makes $4,400 a week.
Average hourly pay for a worker is $24.
Unskilled worker's hourly wage is $7.25.
Productivity is calculated as follows: $24 / $7.25 (average worker wage / unskilled worker wage) = 3.31
Thus,
The typical employee produced 2.76 times more than someone on the federal minimum wage.
Attorney salary is $110 per hour.
Unskilled worker's hourly wage is $7.25.
Productivity = Lawyer's Salary/Unskilled Worker's Salary ($110 / $7.25 = 15.17)
Thus,
A lawyer earning $110 per hour is 15.17 times more productive than an employee on minimum wage.
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consider an economy with two types of goods, fish and coconuts, and two consumers, robinson and friday. is it pareto efficient to give half of the fish and half of the coconuts to each consumer?
Not necessarily. if Robinson likes fish and Friday likes coconuts, then they could trade and be both better off. Even if both Robinson and Friday like both goods, it could be that their MRS is different when they get half of each type of good, so that they could be better off by trading.
What is pareto efficient ?
When resources are distributed in a way that no one may benefit without harming someone else, this is known as Pareto efficiency, also known as allocative efficiency.
What could be improved by the Pareto principle?
A potential Pareto improvement entails implementing a change that benefits some people at the expense of others. Theoretically, those who gain a lot can be used to make up for others who lose. In the end, we have a situation where some people benefit without harming others.
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bill buyer and sam seller have entered into a contract. bill has inserted a provision that the contract is contingent upon his selling his home for an acceptable price. what is the status of the contract?
Bill buyer and sam seller have entered into a contract. bill has inserted a provision that the contract is contingent upon his selling his home for an acceptable price, the status of the contract ---The contract may be void because the contingency is too vague.
What are the rules of contingent contracts?A contingent contract might be grounded on the non-happening of an uncertain future event. In similar cases, the pledge is liable to do or not do commodity if the event doesn't be. still, the contract can not be executed by law unless passing of the event becomes insolvable.
What's contingent contract illustration?Contingent Contracts in simple words means these are those contracts where a pledge is tentative and grounded on some passing and non-happening of some uncertain future event, the contract shall perform. The contracts of insurance, guarantee, and insurance are some exemplifications of contingent contracts.
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hoover company had beginning inventory of $15,000 at march 1, 2014. during the month, the company made purchases of $55,000. the inventory at the end of the month is $17,300. what is cost of goods sold for the month of march?
The required details about inventory is mentioned in below paragraph.
All the goods, services, and supplies that a company keeps on hand with the goal of reselling them for a profit are referred to as inventory. Only the newspaper will be regarded as inventory if a newspaper vendor utilizes a vehicle to distribute goods to clients. Counting or cataloguing items is referred to as taking an inventory. All items that are in various stages of manufacturing are referred to as inventory, or a current asset in accounting terms. Retailers and businesses can continue to sell and make items by conserving inventories. Both the items that are readily accessible for purchase and the raw materials required to produce those items are included in inventory. On the balance sheet of an organization, it is listed as a liability.
Given that:
The opening merchandise inventory is $15,000
The merchandise purchases is $55,000
The ending merchandise inventory is $17,300
Cost of goods sold = Opening merchandise inventory + Merchandise purchases - Ending merchandise inventory
=$15,000 + $55,000 - $17,300
=$52,700
The cost of goods sold for the month is $52,700
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Jim is wanting to retire in 5 years. He already has a large sum of money built up from consistent saving over time. Which investment option would be the LEAST LIKELY for him to continue purchasing?
A stocksstocks
B bondsbonds
C certificates of depositcertificates of deposit
D mutual funds
As Jim has a large sum of money built up from consistent saving over time, an investment option would be the least likely for him to continue purchasing will be a mutual fund.
What is an investment?In business, an investment refers to an asset or item acquired with the goal of generating income or appreciation. Most time, when someone purchases a goods as an investment, the intention is not to consume its but rather to use it in the future to create wealth.
We have a short and long term investment, mutual funds belong to a short term investment, therefore, the investment option would be the least likely for him to continue purchasing will be a mutual fund.
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