Normally, a security's ask price ought to be more than its bid price. This is due to the investor's customarily expected behavior of never selling a security (at a lower asking price) than they are willing to pay for it (bidding price).
The highest price a buyer will pay to purchase a specific number of shares of stock at any particular time is referred to as the "bid." The lowest price a seller will accept for the stock is referred to as the "ask." Almost invariably, the bid price will be less than the ask, or "offer," price. The bid-ask spread is the distinction between the bid and ask prices. The broker will profit from this discrepancy. or professional managing the transaction. The bid is the price a buyer is prepared to offer for the stock. Almost always, this cost is less than the Ask. The Ask is the price at which the seller is prepared to offer to sell the shares. We would be able to purchase the shares at the bid price in an ideal scenario, but that is rarely feasible. The lowest price at which the dealer is willing to sell the security is the "ask" price. Once more, the dealer's readiness to sell at a premium price is in exchange for making the sale. If the buyer were willing to accept a yield that was equal to or less than the ask yield, the bid yield would be higher than the ask yield. The bond would subsequently be sold by the seller to the buyer for the equivalent price, or the ask yield.
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sam monte deposited $21,500 into legal bank, which pays 6% interest that is compounded semiannually. what will sam have in his account at the end of six years?
Sam Monte deposited $21,500 into legal bank, which pays 6% interest that is compounded semiannually at the end of 6 years he will have $30,654.70.
Explain compound interest.The concept of compound interest states that you can earn interest not just on the money you save, but also on the interest you get.
The frequency of interest payments affects both the rate at which compound interest (or "compounding," as it is frequently termed) increases. The total amount of interest paid over the course of the year will be higher if the interest period is not yearly but rather bi-annual, quarterly, or even monthly. This is due to the fact that interest is being paid on interest accumulated within those shorter time frames.
Compound interest is an effective idea since it allows your funds to increase even if you don't make any more contributions.
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The complete question is mentioned below :
Sam Monte deposits $21,500 into Legal Bank, which pays 6% interest that is compounded semiannually. Using the table in the handbook, what will Sam have in his account at the end of six years?
A. $29,760.30
B. $30,654.70
C. $30,456.07
D. $29,670.03
E. None of these
fred jones withdraws $1000 in cash from his savings account. what immediate effect does this transaction have on the monetary aggregate measures of m1 and m2?
The withdrawal of $1,000 in cash will result in an increase in the money supply, which raises M1 money and lowers M2 money.
Money in circulation and checkable bank deposits are both part of the M1. Money market funds and an M1 savings deposit are both included in the M2.
This transaction will raise the economy's money supply, which will increase M1 money, which will immediately impact the monetary aggregate measurements of M1 and M2.
However, it will result in less money in savings accounts. causing a corresponding fall in M2 money.
As a result, the withdrawal of $1,000 in cash will increase the money supply, which causes M1 money to increase and M2 money to drop.
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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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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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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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mary claire is a citizen of florida. she is walking down a busy street in tallahassee, florida when a large crate flew off a passing truck and hit her, resulting in numerous injuries to mary claire. she incurred a great deal of pain and suffering, plus significant medical expenses, and she could not work for six months. she wants to sue the trucking firm for $300,000 in damages. the trucking company is incorporated in georgia and its headquarters are in atlanta, georgia. the trucking company does ongoing business in florida. what court(s) have jurisdiction in this matter? a. federal courts because the dollar amount exceeds $75,000 and the plaintiff and defendant have diversity of citizenship. b. federal courts because the dollar amount exceeds 75,000 and there is a federal question. c. georgia state courts because plaintiff is from georgia. d. florida state courts because the non-resident defendant has minimum contacts with the state of florida. e. a and d are both correct.
State court in either Florida or Georgia. Because the accident occurred in Florida, the state is a plausible legal venue. Georgia is the home office, which is also accountable.
What is court?
A court is any person or institution with the jurisdiction to arbitrate legal disputes between parties and administer justice in civil, criminal, and administrative affairs in conformity with the rule of law. Courts are the principal mechanism of conflict resolution in both civil law and common law legal systems, and it is widely assumed that all persons have the ability to bring their complaints before a court. Similarly, persons accused of a crime have the opportunity to submit their defence in court. The judiciary refers to a system of courts that analyzes and applies the law. A venue is the location where a court is located.
Due to travel limitations and the ease of communication with her counsel, Florida would be her best bet. However, if Georgia has more appealing legislation for this civil action, she will benefit.
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27. in determining when revenue is recognized, what two conditions must be satisfied according to the realization concept? revenue must be collected and credited. revenue must be earned and realized. revenue must be credited and paid for. revenue must be earned and collected.
in determining when revenue is recognized, b) revenue must be earned and realized according to the realization concept.
In line with the belief precept, when items are involved, the revenue is recognized while the risks and rewards of possession are transferred to the consumer or when the vendor takes obligation for goods that have been broken or destroyed.
The belief principle is a sales reputation principle that states that the income or revenue is diagnosed best while earned. The business enterprise in all fairness positive that the charge in opposition to the identical may be received from the consumer.
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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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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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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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shuaifu wants to reorganize his beverage bottling company. currently, there are hr, r&d, and purchasing units at each facility. shuaifu feels that by bringing all of those key functions together in one location and deploying them to the facilities only when needed, he will save money and also create consistency. is shuaifu correct?
Yes, because the company will need fewer employees overall, saving money and allowing for consistency in processes.
The manufacturing process would be streamlined and decisions would be taken in an efficient manner.
The money spent to maintain extra facilities and coordinate the supply of raw materials would be minimized and subsequently, employee downsizing could be achieved. All this would lower the cost of daily and long-term operations.
The stronger a company's lifestyle, the better employees recognize what's expected of them and what they are working in the direction of. Engaged personnel is more likely to stay happy, influenced, and committed to your company. Usual, an engaged worker is greater: connected in your business enterprise's undertaking.
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Compare the product life cycle to the business cycle. Include at least one similarity and one difference.
Explanation:
A product life cycle refers to the life of a product in the market, and the processes that it goes through in relation to the business costs, as well as the sales measures. The business life cycle is the progression of a business in phases over time and is most commonly divided into five stages: launch, growth, shake-out, maturity, and decline. One major similarity between the product and project life cycles is that both are comprised of different and several phases or stages. These phases are very vital because they ensure that the requirements of the cycles are provided for and that both the goals and the objectives of the cycles are achieved. For instance, while some of the phases of the product cycle include the growth and maturation stages, those of the project life cycle include the birth and closure phases. The aim of integrating the phases in the life cycles is to ensure that there is proper coordination of the activities that take place in the cycles. The two cycles are closely related to each other. In some cases, a product may consist of more than one project, where the projects act as the subset of the product. This makes it necessary for the bigger product view to be put into consideration when it comes to project management. The product and project life cycles face various challenges which demand the adoption of strategies in the cycle phases, with the aim of ensuring that the cycles give the desired results.
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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classical economists assumed that wage rates, prices, and interest rates are flexible and will adjust quickly. consider an extreme case: suppose classical economists believed that wage rates, prices, and interest rates would adjust instantaneously. what would the classical aggregate supply (as ) curve look like? explain your answer.
Traditional economists believed that interest rates, wages, and prices were all variable and adapted to shifts in supply and demand.
What is economists?
A specialist in economics examines the connection between a society's resources and its output or production. Economists research a variety of social systems, including local communities, entire countries, as well as the global economy. A wide range of policies, such as interest rates, tax codes, employment programmes, international trade agreements, as well as corporate strategies, are shaped in part by the expert judgement and research findings of economists. Anyone interested in a career in economics has a good chance of working for the government. Approximately 36% of all economists, according the Bureau of Labor Statistics, are employed by either federal or state organisations. Additionally, economists work as professors, for businesses, or in think tanks.
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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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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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which of the following statements is (are) true? i. diversifying raises the risk of your portfolio. ii. by picking a lot of stocks, you minimize your overall exposure to things going wrong in any particular company. iii. modern financial markets have made diversification difficult.
The statements of diversifying raise the risk of your portfolio are true.
A diversified portfolio with investments that are positively correlated has a lower variance than a portfolio with just one kind of asset. By investing in vehicles that cover many financial instruments, industries, and other categories, diversification lowers risk. Here are three diversification tactics to consider when choosing your investments: invest across several asset classes.
Most of your portfolio should consist of stocks and bonds. The proportions of each asset, their standard deviations, and the correlation (or covariance) between the asset returns all affect the risk of a two-asset portfolio. The correlation between asset hazards becomes a more significant determinant of portfolio risk as the number of assets in a portfolio rises.
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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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over the past year you earned a nominal rate of interest of 12.5 percent on your money. the inflation rate was 2.6 percent over the same period. the exact actual growth rate of your purchasing power was
The exact actual growth rate of your purchasing power was 9.65%. Hence, option C is correct.
What is purchasing power?The number of goods or services that one unit of a currency can be used to purchase determines the currency's value. It can become worse over time as a result of inflation. This is because higher prices could cause you to purchase fewer goods or services.
The amount of money that a consumer has available to spend is known as their purchasing power. The economy has an impact on purchasing power. For instance, consumers will have more purchasing power if prices decline.
Thus, option C is correct.
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The options are missing-
a) 9.15%.
b) 9.90%.
c) 9.65%.
d) 10.52%.
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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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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Suppose an entrepreneur in New Hampshire wanted to expand her supply of maple syrup and maple sugar products to compete with similar businesses in the state. She knows she has to stay within fair market prices, especially since maple products are seasonal.
An entrepreneur who aims at widening or expanding her industry in New Hampshire should put into consideration the following:
She should understand more about advertisment skillsThe entrepreneur should be raise enough resources needed to expand and compete in the labour market.How to expand the supply of products and compete in the labour market.For an entrepreneur to remain relevant in the labour market, there need to be a high level necessary skills to retain good patronage from consumers. This can be achieved by making sure one have the relevant information about the goods and services you want to compete with when it comes to supplying it.
Within the context of the task given above, the expansion of maple sugar and maple syrup can only be successful when there is good capital resources to venture into it and great marketing strategies.
In conclusion, we can now confirm from the explanation made above that an entrepreneur can move his / her business forward by high level of advertisment to the right consumers.
Complete question:
Suppose an entrepreneur in New Hampshire wanted to expand her supply of maple syrup and maple sugar products to compete with similar businesses in the state. She knows she has to stay within fair market prices, especially since maple products are seasonal. What should this entrepreneur consider when planning to expand her business?
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______ is the change in total utility that results from the consumption of one more unit of a product.
marginal utility is the change in total utility that results from the consumption of one more unit of a product.
The pleasure a consumer experience from each additional unit of consumption is known as marginal utility. It determines the utility after the initial product is consumed. The marginal utility is the benefit you receive from buying a second bottle of water after first purchasing one.
The general rule in economics is that marginal utility equals total utility change divided by the change in the number of goods. The equation looks like this: Total utility difference divided by the amount of commodities difference equals marginal utility.
The following is a list of the several types of marginal utility: marginal utility is positive. marginal utility 0 marginal utility that is negative.
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g in the event that your company has the opportunity to diversify into other products or businesses of your choosing, what would be the advantages of opting to pursue related diversification, unrelated diversification, or a combination of both? explain why.
Related diversification provides the potential to share skills and resources. Unrelated diversification can balance the cash flow.
The skill of entering product markets that are distinct from those in which the company is currently active is known as diversification. To categorize diversification into related and unrelated diversification is useful. Related diversification offers the chance to create synergy through the sharing or exchanging of resources or expertise. Unrelated diversification to one another lacks the commonalities in markets, distribution channels, production technology, and R&D focus needed to create opportunities for collaboration through the sharing or trading of resources or competencies.
The cash flows of SBU entities can be balanced through unrelated diversification. A company with numerous SBUs that are worthy of investment may decide to buy or merge with a cash cow in order to increase its cash flow.
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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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during a bank robbery, gene steals $2,500 in cash and kills a bank teller. under ucr's hierarchy rule, which crime(s) is/are reported in the official statistics?
The number of crimes that are not reported is typically referred to by this term, but it can also be used to describe crimes that are unknown to all parties outside the law enforcement system or for which the law has not been broken.
Which federal agency is in charge of gathering information about crimes?The primary federal agency in charge of measuring crime, criminal victimization, criminal offenders, victims of crime, correlates of crime, and the operation of the federal, state, tribal, and local criminal and civil justice systems is the U.S. Department of Justice's Bureau of Justice Statistics.
Which of them is regarded as the sinister figure of criminality?Self-reported crimes and victimization studies suggest the "dark figures" of crime, which include tax evasion, prostitution, illegal drug use, illegal gambling, child abuse, domestic violence, and traffic violations.
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research and development can be costly. as a result, private businesses will not necessarily pursue this research unless there is a foreseeable profit. what is the government's role in this scenario?
Tax incentives should be used to support private sector research.
What is private sector?
The area of the economy that is not under state control and is run for profit by people and businesses is known as the private sector. All for-profit companies that aren't owned or run by the government are therefore included. The voluntary sector includes charities as well as other nonprofit organisations, whereas the public sector includes businesses and corporations that are run by the government. The area of a country's economy that is owned, managed, and controlled by private individuals as well as businesses is known as the private sector. The private sector employs more people than the public sector does and has the objective of making money. A new business is established or a public sector organisation is privatised to create a private sector organisation.
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t was treated for an ailment 2 months prior to applying for a health insurance policy. this condition was noted on the application and the policy was issued shortly afterwards. how will the insurer likely consider this condition?
The insurer will treat this condition as a pre-existing condition.
What are health insurance policies?Health insurance policies are described as a form of a contract that is formed between a consumer and a company. The company or the insurer agrees that it will pay some of the healthcare costs provided that the customer pays his annual or monthly premium. It is important to mention that the insurer provides medical coverage, and it includes surgical expenses and other medical costs.
In this scenario, T got treatment for an ailment 2 months before he applied for a health insurance policy. This treatment for an ailment or the ailment itself will be treated by the health insurer as a pre-existing condition. Furthermore, there will a minimum waiting period for which he could not claim any medical coverage.
It can be concluded that the insurer will treat this condition as a pre-existing condition.
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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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one of the advantages of a narrow span of control is: group of answer choices more levels of management a high degree of control greater organizational flexibility increased employee autonomy top management isolation
The correct answer is: A high degree of control
A management style is known as "limited span of control" involves managing just a few personnel. The number of workers who report to a supervisor in a corporation is referred to as the span of control. Wide spans of control, in which several employees rather than a small number report to a single boss, are the reverse of narrow spans of control.
The advantages of a narrow span of control are:
Enhanced communicationImproved employee satisfactionIncreased awarenessCloser teamsMore comprehensive trainingThe disadvantages of a narrow span of control are:
Inefficient use of resourcesIncreased costDisruptiveLimited cohesionLearn more about span of control:
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