Ceteris paribus, if buyers expect the price of airline tickets to fall in the future, then right now there should be a decrease in demand for airline tickets.
What is meant by Ceteris Paribus in Law of Demand?
Ceteris paribus literally means other things being equal. This clause is prominent in the law of demand. It refers to every other things with the exceptional of price being equal.
Hence, it does not refers to price of the commodity not changing.
It helps in isolating multiple independent variables which doesn't affect a dependent variable.
The accuracy of a demand curve is as long as there are no changes other than the price that could affect consumer decision.
To learn more about law of demand, refer
https://brainly.com/question/13864080
#SPJ4
small businesses multiple choice concern themselves with state-of-the-art information and accounting technology but not employee relations due to their challenge to financially support employee benefits programs. do not seek government funding due to the fact that the federal government has made it very clear that it must support large operations before small operations. deal with very different management issues due to the very different management challenges experienced by small businesses. deal with similar management issues that large companies face.
Due to the extremely distinct management problems faced by small enterprises, they deal with quite different management concerns.
what is management?No matter if the organization is a for-profit corporation, a government agency, or a nonprofit, management is the administration of the entity.Resource management for a corporation is both an art and a science.Setting an organization's strategy and organizing its workers' (or volunteers') efforts to achieve its goals through the use of resources like money, the environment, technology, and people are all included in management. In management, the terms "run the business" and "change the business" are used to distinguish between continuing to provide goods or services and tailoring those offerings to accommodate consumers' shifting demands.Those who oversee an organization are referred to as managers when we use the term "management."To know more about management, refer to the following link:
https://brainly.com/question/1276995
#SPJ4
When united airlines considered putting pilots in its boardroom and when northwest airlines provided their workers an employee ownership system, they were:_________
When united airlines considered putting pilots in its boardroom and when northwest airlines provided their workers an employee ownership system, they were making action statements as part of their planning.
Employee ownership
Employee ownership refers to any arrangement in which a company's employees hold stock or the right to the value of stock in the company. Employee ownership is a broad idea with various variations, ranging from simple stock grants to highly complex arrangements. The most common form of employee ownership in the U.S. is the employee stock ownership plan (ESOP), a highly tax-advantaged plan in which employees own shares through a trust funded by the company.
A situation in which a company's employees own all or part of the company: Employee ownership is one of the factors that many investors evaluate when assessing a company.
To learn more about Employee ownership
https://brainly.com/question/28544926
#SPJ1
Top officials in countries like japan, south korea, and china have faced legal charges of influence peddling and which serve as examples of the unethical behavior that u. S. Companies face in overseas markets
In a case whereby a Top officials in countries like japan, south Korea, and china have faced legal charges of influence peddling and which serve as examples of the unethical behavior that U.S. Companies face in overseas markets is Bribery.
What is bribery?Bribery can be described as the offering as well as promising, and soliciting which can be regarded as the illegal act that serves as the advantage as an inducement of an officials that are in the government so that they can offer an action and this can be regarded as a a breach of trust.
In this case , money or favor is been offered so as to be able to order to influence the judgment as well as the conduct of a person which was demonstrated above .
Therefore, In a case whereby a Top officials in countries like japan, south korea, and china have faced legal charges of influence peddling and which serve as examples of the unethical behavior that u. S. Companies face in overseas markets is Bribery.
Find out more on Bribery at
https://brainly.com/question/17779832
#SPJ1
CHECK THE COMPLETE QUESTION:
Top officials in countries like japan, south korea, and china have faced legal charges of influence peddling and which serve as examples of the unethical behavior that u. S. Companies face in overseas markets is __________
You are thinking about buying a bond that offers an annual coupon rate of 6%, with exactly 8 years remaining to maturity. The face value of the bond is $1,000. Your required return is 5% per year. How much should you be willing to pay for this bond?.
Answer:
I think $58.04
Explanation:
I calculated percentages.
marcus and tony work for lombardo's pipe and concrete. mr. lombardo is preparing an estimate for a customer. he knows that marcus lays a slab of concrete in 8 hours. tony lays the same size slab in 2 hours. if both work on the job and the cost of labor is 45 per hour, decide what the labor estimate should be.
The labor estimate is 1.5 x 40= $60.
When Marcus and Tony collaborate, their rates are added together. One job is to "lay a slab of concrete." Consider the rates to represent the number of jobs per hour.
Marcus charges 1/6 of the task per hour.
Tony charges half a work for each hour.
At the same time, Tony and Marcus both put in R tasks per hour.
1/6 + 1/2 = R
They will labor 1/R = 1(2/3) = 1.5 hours to complete the task since R = 2/3 job per hour.
The labor estimate is 1.5 x 40= $60.
A component of the wage bill or payroll known as labor cost can be precisely and consistently attributed to or related with the production of a good, a specific job order, or the delivery of a service. The total of all employee salaries, employee benefits, and payroll taxes paid by a company is the cost of labor. There are direct and indirect (overhead) expenses associated with labor.
To know more about labor cost refer to https://brainly.com/question/27846319
#SPJ4
salespeople who can offer better service than their competitors have an advantage for generating new business and taking away business from the competition.
True. Salespeople who can offer better service than their competitors have an advantage for generating new business and taking away business from the competition.
What are salespeople?The salesperson is in charge of welcoming customers, assisting them in finding what they're looking for, and ringing up purchases. You need to have excellent communication skills to succeed as a salesperson. A successful salesperson achieves their goals while being courteous and helpful to customers.
A salesperson is someone whose primary goal is to close sales of a good or service. The salesperson may or may not truly be enthusiastic about the good or service. The pursuit of financial success is his or her main goal.
To learn more about salespeople visit:
brainly.com/question/14013882
#SPJ4
A(n) __________is a research method that uses questionnaires and structured interviews to collect self-reported data that reflect what respondents think, feel, or intend to do.
A survey is a research method that uses questionnaires and structured interviews to collect self-reported data that reflect what respondents think, feel, or intend to do.
What is a survey?The purpose of a survey is to understand populations as a whole by utilizing pertinent questions to collect data from a sample of people. Everyone involved in the information economy, from corporations to the media to the government and academia, relies on surveys as a vital source of information and insights.
There are four widely used surveying methods.
direct interviewstelephone pollsSelf-administered questionnaires on paper and in pencilComputerized self-reporting surveys (typically online)Although the methods used to conduct surveys vary greatly, there are some common elements. Researchers in many different disciplines of study, including survey methodologists, psychologists, statisticians, and others, have thoroughly examined many of these characteristics.
To know more about the survey visit:- https://brainly.com/question/28268462
#SPJ4
in beta roasters suit against coffee stand, alleging trademark infringement, the court issues a judgment in the defendant’s favor. the case is appealed. the appellate court will hear
In a beta roasters suit against the coffee stand, alleging trademark infringement, the court issues a judgment in the defendant’s favor. the case is appealed. the appellate court will hear is option D. all of the evidence.
A trademark is a word, phrase, symbol, design, or combination of these things that identifies goods or services. This is how your customers will recognize you in the market and distinguish you from your competitors. The term brand may refer to both trademarks and service marks.
Any business owner with a distinctive trade name, motto, logo, slogan, or symbol that represents a product, service, or business should consider registering it as a trademark in the United States. . Registered by the Federal Patent and Trademark Office or USPTO/similar government agency.
The trademark owner is the party that controls the nature and quality of the goods and services used in connection with the trademark. The owner of a trademark is the person who affixes the trademark to the goods for which the trademark is manufactured or uses the trademark in the sale or advertising of the services provided by the trademark.
Disclaimer:- your question is incomplete, please see below for the complete question.
A. none of the evidence
B. select pieces of evidence
C. most of the evidence
D. all of the evidence
Learn more about trademarks here:-https://brainly.com/question/11957410
#SPJ4
at the beginning of may, golden gopher company reports a balance in supplies of $420. on may 15, golden gopher purchases an additional $2,500 of supplies for cash. by the end of may, only $220 of supplies remains.required:1.
Finding balance in life helps you improve your overall health. When you have balance, you have time to pay attention to your body's needs. You can prioritize things like diet, exercise, and meditation instead of regretting that you never have time to take care of yourself.
An example of balance is being able to walk on a tight rope. An example of balance is when a person divides his time evenly between work, family, and personal pleasure. An example of balance is a person who doesn't get upset very often and doesn't let the little things bother them.
[Date |General Joumal [Debit |Credit
[May 15, Supplies S240,
[Cash [S240
[May 31 |Supplies expense(S410 — 2,400 - S210) 52,600,
Supplies [52,600
Learn more about balance here
https://brainly.com/question/24914390
#SPJ4
Nastasha has a gross income of $66,429. she can make adjustments of $14,490 for business losses, $3,584 for business expenses, and $4,813 for contributions to her retirement plan. what is nastasha’s adjusted gross income? a. $109,971 b. $22,887 c. $72,522 d. $43,542 please select the best answer from the choices provided a b c d
Natasha has a gross income of $66,429. She can make adjustments of $14,490 for business losses, $3,584 for business expenses, and $4,813 for contributions to her retirement plan is $43,542
Answer no d is correct $43,542.
The gross income has been the total income, while net income has been the total profit of the company.
For households and individuals, gross income is the sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings, before any deductions or taxes. It is opposed to net income, defined as the gross income minus taxes and other deductions
Learn more about gross income here
https://brainly.com/question/15530787
#SPJ4
at the beginning of the conversation, norio wants to discuss sushi with michael, but michael is more interested in getting the contract signed. based on what you’ve learned about global management, it seems michael was not cognizant of norio coming from a
At the beginning of the conversation, Norio wants to discuss sushi with Michael, but Michael is more interested in getting the contract signed. based on what you’ve learned about global management, it seems Michael was not cognizant of Norio coming from a high-context culture.
Norio is coming from a high-context culture in which people rely heavily on situational cues for meaning when communicating with others, relying on nonverbal cues as to another person's official position, status, or family connections.
The Conversation Australia and New Zealand were founded in Melbourne in 2011. Today it operates as a global network of sister locations with dedicated teams operating in Indonesia, Spain the UK the US, France, Africa, and Canada.
Learn more about The conversation here:-https://brainly.com/question/24549573
#SPJ4
braxton corp. was organized on january 1 to operate a limousines service to and from the airport. for each of the following business activities, select whether it is a financing, investing or operating activity.
Investing activity refers to income or expenditure on long-term assets such as equipment and facilities.
For each the business activity are:-
1 . Financing Activity
2. Investing Activity
3. Operating Activity
4. Financing activity
5. Operating Activity
6. Operating Activity
7. Investing Activity.
Investing activity refers to income or expenditure on long-term assets such as equipment and facilities, while financing activity refers to the issuance of bonds, the redemption of bonds, and the sale of shares between a company and its owners and creditors. , or cash flows from activities such as stock buybacks. Fundraising activities include the issuance and repurchase of shares. Underwriting and repaying short-term and long-term debt.
This activity includes principal payments to lenders and sellers of most capital purchases and costs of issuing debt instruments. Investing activities include purchasing physical assets, investing in securities, or selling securities or assets. Negative cash flow from investing activities may not be a bad sign if management is investing in the long-term health of the company. When a company borrows money, it is a fundraising activity. There are also inflows from financing activities, such as borrowing and selling common stock.
Learn more about Investing here:-https://brainly.com/question/2020150
#SPJ4
Taylor started a small business a little less than 10 years ago. The business employed several social workers and nurses that visited and cared for persons who had left hospital care, but were not quite ready to be on their own at home. As the ceo of the firm, taylor decided it was time to hire a business operations manager and a marketing manager to handle the details of the business. Which function of management was taylor primarily performing?.
The function of management that Taylor is performing in his small business is organizing.
The function of management of organizing entails creating an organizational structure and assigning human resources to guarantee the achievement of goals. The framework for coordinating effort is the organizational structure. An organization chart, which shows the chain of command within an organization graphically, is typically used to describe the structure. Organizational design decisions are the general term used to describe decisions made about an organization's structure. Designing individual tasks inside the company is another aspect of organizing. Decisions must be made regarding each job's obligations and responsibilities, as well as how those obligations should be fulfilled.
Learn more about function of management here:
https://brainly.com/question/15351742
#SPJ4
today, boyd crowder signed loan papers agreeing to borrow $4,523.31 at 9 percent compounded monthly. the first monthly loan payment of $143.84 is due one month from today. how many loan payments must boyd make before the loan is paid in full?
Loan payments must be made before the loan is paid in full $5178.24.
Loan Payment means the amount payable by the Borrower to repay a Loan under the terms of the Loan Agreement, Debenture, and Bond Mortgage.
There are three payment methods for a mortgage: equal installments, equal installments, and fixed equal installments. The repayment method depends on a variety of conditions, such as whether you want to pay the same amount each month or whether you want to pay it back within a certain period of time.
Using EMI formula:-
P×R × (1 + r )^n ÷ (1 + r )^n -1
we find number = 36 month.
Hence, total Loan paymeny
36x 143.84 =
$5178.24
Learn more about payments here:-https://brainly.com/question/2151013
#SPJ4
On november 1, lawn & order, inc. Paid $24,000 for two years of rent in advance for rent beginning on november 1. How much should be expensed for the month of november?.
If on november 1, lawn & order, inc. Paid $24,000 for two years of rent in advance for rent beginning on november 1. The amount that should be expensed for the month of november is: $1,000
Expensed amount for the month of November2 years = 24 months
Now let find or determine the amount that should be expensed for the month of November using this formula
Expensed amount= ( 1/24 months ×Rent amount paid)
Where:
Rent amount paid = $24,000
Let plug in the formula
Expensed amount = 1/24× $24, 000
Expensed amount=$1,000
Based on the above calculation we can conclude that the expense amount for the month of November is $1,000.
Therefore If on november 1, lawn & order, inc. Paid $24,000 for two years of rent in advance for rent beginning on november 1. The amount that should be expensed for the month of november is: $1,000 ,
Learn more about expensed amount here: https://brainly.com/question/25806993
#SPJ1
brody company makes industrial cleaning solvents. various chemicals, detergent, and water are mixed together and then bottled in 10-gallon drums. brody provided the following information for last year: raw materials purchases $250,000 direct labor 140,000 depreciation on factory equipment 45,000
The direct materials used in production for last year are:
Amount
Beginning balance, raw materials $124,000
Add: Raw materials purchase $250,000
Add: Raw materials for production $374,000
Add: Raw materials, ending balance ($102,000)
Cost of Direct materials $272,000
What's the raw material?A raw material, also known as a feedstock, undressed material, or primary commodity, is an introductory material that's used to produce goods, finished goods, energy, or intermediate accouterments that are feedstock for future finished products. As feedstock, the term connotes these accouterments are tailback means and are needed to produce other products.The term raw material denotes accouterments in undressed or minimally reused countries; e.g., raw latex, crude oil painting, cotton, coal, raw biomass, iron ore, air, logs, water, or" any product of husbandry, forestry, fishing or mineral in its natural form or which has experienced the metamorphosis needed to prepare it for transnational marketing in substantial volumes"What's the use of raw material?Raw material use' takes account of the use of all renewable and nonrenewable coffers, while' mineral birth' accounts for all mineral material consumed in a process/ product/ design, eg, the birth of summations, essence ores, and minerals.Learn more about raw materials here:
https://brainly.com/question/13160417
#SPJ4
Preparing for a job interview by researching the company’s mission and vision statements is a way to apply the attitudes competency of career readiness
Preparing for a job interview by researching the companies mission and vision statements is a way to apply the attitudes competency of career readiness. This statement is TRUE.
What is Career readiness?
A basis for demonstrating the necessary basic competencies that broadly prepare college graduates for success in the workplace and lifelong career management is career readiness. Career readiness is essential for new college graduates to ensure a successful transition into the job. The basis for launching a successful career is career readiness. Regardless of the student's subject of study, career preparation offers a framework for addressing career-related goals and results of academic and extracurricular activities in higher education. Career readiness is crucial for companies because it gives them a way to identify key skills and abilities for all job functions. It also provides a foundation for talent development through internship and other experiential education programs.
To know more about Career readiness refer:
https://brainly.com/question/28421471
#SPJ4
An increase in prices of inputs will cause a _change in prices with an elastic demand as opposed to an inelastic demand. The change in input prices will cause a ___change in quantity if demand is elastic as opposed to an inelastic demand.
With an elastic demand as opposed to an inelastic demand, an increase in input cost will result in a relatively minor change in price. An elastic demand, as opposed to an inelastic demand, will result in a relatively large change in quantity as a result of the change in input price.
The lowest price at which a company can sell a product while still making a profit is determined by the input cost. The cost of making the good is reflected in this pricing. To create an output while producing a good or service that is in demand, a process must be applied to the inputs.
The prices of the things that a company pays for in order to make its goods are referred to as input prices. All costs involved in producing the in-demand product are added together to get the total input cost. The input price is calculated by dividing the output quantity by the input cost.
Learn more about input prices here
brainly.com/question/23080148
#SPJ4
Frank corporation has a single product. Its selling price is $80 and the variable costs are $30. The company’s fixed expenses are $5,000. What is the company’s break-even point in unit sales?.
Frank corporation has a single product. Its selling price is $80 and the variable costs are $30. The company’s fixed expenses are $5,000. The company’s break-even point in unit sales is 100 units.
How to calculate the unit sales?
Unit CM = Selling price of $80 - Variable
expense of $30 = $50.
Unit sales to break-even Fixed expenses of = $5,000 = $50 = 100 units.
What are unit sales?
On the balance sheet, unit sales represent the total sales of a product in a given period. This sales information is used to determine the price point to achieve profit per unit relative to actual production costs.
To learn more about unit sales, refer to:
brainly.com/question/28188061
#SPJ4
1.as new entrants such as equinox fitness, soulcycle and bitmovin have entered the industry, peloton has lost their competitive advantage so should the company focus on on either its physical product i.e. the bike or focus on subscriptions?
They ought to concentrate on subscriptions. Despite having a great brand, Peloton was unable to establish a sustainable competitive edge. This is true even though it performs better than other gyms, which experience an annual turnover rate of 30% on average. Less than 8% is Peloton's.
What distinguishes Peloton from rival companies?a rotating weekly schedule of spin sessions led by qualified teachers, with room for 60 cyclists. Similar to rivals like FlyWheel, SoulCycle, or even Cambridge's HandleBar, Peloton adds value for participants in these programmes by providing engaging, high-intensity exercises instructed by knowledgeable teachers.
Myxfitness, the Equinox/SoulCycle at-home cycle, NordicTrack, and Echelon are Peloton's main rivals. These bikes will all come close to the Peloton experience because they all have huge touchscreens and workout sessions that can be streamed live or on demand.
learn more about Peloton refer
https://brainly.com/question/25218508
#SPJ4
Your marketing team is currently working through the target market selection process to identify which customers your firm will target with a new technology product being developed. You are currently in the process step where you must consider the target market characteristics, the product attributes, and the firm’s objectives and resources. Which of the five steps in the target market selection process are you currently working on?.
Step #1 - Identify the appropriate targeting strategy
please gimme brainliest!
Vicky has worked for the same company since January 2011. Her starting salary was $52,000 and she has received a $1,000 raise on the first day of each year.
a. How much is her salary today?
Vicky has worked for the same company since January 2011. her salary is mathematically given as today
X=63000
This is further explained below.
How much is her salary today?Generally, the equation for Vicky's salary today is mathematically given as
X=intial salary+( raise *number of years worked)
Therefore
X=52000+(10*11)
X=63000
In conclusion,
Read more about salary
https://brainly.com/question/14371457
#SPJ1
at the of stakeholder management capability, management must take the initiative in meeting stakeholders face to face and attempting to be responsive to their needs.
At the transactional level of stakeholder management capability, management must take the initiative in meeting stakeholders face to face and attempting to be responsive to their needs.
A stakeholder is a party with an interest in a business who has the potential to influence or be affected by it. A typical corporation's investors, employees, clients, and suppliers make up its main stakeholders.
All people or organizations with a stake in how well a business operates are considered stakeholders. Building strong and balanced relationships with stakeholders is crucial for organizations because doing so will determine how authentically they are able to meet their needs.
Learn more about stakeholders here
https://brainly.com/question/24432365
#SPJ4
What would happen to the equilibrium price and quantity of sunscreen if a new formula is developed that makes production cheaper, and scientists discovered that sunscreen causes more cancer than sun damage?.
The equilibrium price will decrease and the effect on the equilibrium quantity will be ambiguous.
A change in the price of a good does not shift the demand curve. Instead, it moves along the demand curve. Changes in other factors shift the demand curve left or right. Factors that can shift the demand curve for goods and services, causing different quantities to be demanded at a given price include changes in taste, population, income, prices of substitutes or complements, future conditions, and expectations about prices. An increase in demand, ceteris paribus, will increase the equilibrium price. The amount supplied increases. A decrease in demand will lead to a decrease in the equilibrium price. supply will decrease. Equilibrium price is when supply of a product matches demand. When a leading index undergoes consolidation or consolidation momentum, it can be said that the forces of supply and demand are relatively equal and the market is in equilibrium. If the term (20) demand curve of this set shifts to the right, the equilibrium price and quantity demanded increase. The supplier's desire to eliminate surpluses puts upward pressure on prices.
Learn more about equilibrium price and quantity of sunscreen here:-
https://brainly.com/question/11147946
#SPJ4
If you are able to build and maintain collaborative relationships to work effectively toward common goals, while appreciating diverse viewpoints and shared responsibilities, you have a proficiency in which competency?.
A person that is able to build and maintain collaborative relationships to work effectively toward common goals, while appreciating diverse viewpoints and shared responsibilities, have the competency that is called teamwork.
What is team work?This is the term that is used to refer to the ability of persons to work in a collaborative manner. That is the ability of people to work in such that a way that they are able to share ideas and despite the different areas that they are from would put aside the differences they have to work together in order to help the business to grow.
Hence we can say that A person that is able to build and maintain collaborative relationships to work effectively toward common goals, while appreciating diverse viewpoints and shared responsibilities, have the competency that is called teamwork.
Read more on teamwork here: https://brainly.com/question/10061787
#SPJ1
The market for public utilities, such as gas and electricity, exhibits the two primary characteristics that define perfectly competitive markets. True or false?.
The market for public utilities, such as gas and electricity, exhibits the two primary characteristics that define perfectly competitive markets - True
What are perfectly competitive markets?The phrase "perfect competition" describes a fictitious market structure.
Despite the fact that perfect competition is uncommon in real-world markets, it offers a valuable framework for illustrating how supply and demand influence pricing and behavior in a market economy.
When there are many buyers and sellers, perfect competition results in prices that accurately reflect supply and demand.
Businesses make just enough money to cover their costs and nothing more. If they made excessive profits, rival businesses would enter the market and lower profits.
Imperfect competition, which occurs when a market deviates from the ideals of pure or perfect neoclassical competition, is its antithesis.
To learn more about perfectly competitive markets, refer
https://brainly.com/question/1748396
#SPJ4
The market for public utilities, such as gas and electricity, exhibits the two primary characteristics that define perfectly competitive markets - True
What are perfectly competitive markets?The phrase "perfect competition" describes a fictitious market structure.
Despite the fact that perfect competition is uncommon in real-world markets, it offers a valuable framework for illustrating how supply and demand influence pricing and behavior in a market economy.
When there are many buyers and sellers, perfect competition results in prices that accurately reflect supply and demand.
Businesses make just enough money to cover their costs and nothing more. If they made excessive profits, rival businesses would enter the market and lower profits.
Imperfect competition, which occurs when a market deviates from the ideals of pure or perfect neoclassical competition, is its antithesis.
To learn more about perfectly competitive markets, refer
brainly.com/question/1748396
#SPJ4
as a firm establishes a track record for performance, that performance, along with the goods or services it creates become key elements of the firm's and entrepreneur's identity.
A firm's and entrepreneur's identity refers to the photograph of company's criminal status.
Within the literature on terrorism, Troy Thomas and his colleagues describe an identification entrepreneur as "an character or team of persons who find it desirable, profitable, or otherwise utilitarian to support team identities."
What is intention placing in entrepreneurship?Goal Setting Definition: Establishing short- or long-term objectives, generally incorporating deadlines and quantifiable measures.
If you absolutely desire to make a success of your business, it is necessary to outline your enterprise goals, especially earlier than you get started.
Learn more about firm's and entrepreneur identity here:
https://brainly.com/question/13628349#SPJ4Raleigh department store uses the conventional retail method for the year ended december 31, 2019. available information follows:
the inventory at january 1, 2019, had a retail value of $50,000 and a cost of $36,200 based on the conventional retail method.
transactions during 2019 were as follows:
cost retail
gross purchases $333,900 $540,000
purchase returns 6,400 15,000
purchase discounts 5,500
gross sales 500,000
sales returns 8,000
employee discounts 5,500
freight-in 29,000
net markups 30,000
net markdowns 15,000
sales to employees are recorded net of discounts.
the retail value of the december 31, 2020, inventory was $104,325, the cost-to-retail percentage for 2020 under the lifo retail method was 70%, and the appropriate price index was 107% of the january 1, 2020, price level.
the retail value of the december 31, 2021, inventory was $53,350, the cost-to-retail percentage for 2021 under the lifo retail method was 69%, and the appropriate price index was 110% of the january 1, 2020, price level.
required:
assume raleigh department store adopts the dollar-value lifo retail method on january 1, 2020. estimating ending inventory for 2020 and 2021.
The total Ending Inventory at Dollar-Value LIFO Retail Cost is = $67,570.00
What is inventory?The items and supplies that a company keeps on hand with the intention of selling them, using them in manufacturing, or using them for other purposes are referred to as inventory (in American English) or stock (in British English).Specifying the size, shape, and location of stored commodities is the main focus of inventory management.Preceding the normal and scheduled course of production and material stock is necessary at several places inside a plant or throughout a supply network.By defining work in process (or work in progress) broadly as "any work that is or has occurred prior to the completion of production," the term inventory has been expanded beyond manufacturing systems to service firms and projects.
To know more about inventory, refer to the following link:
https://brainly.com/question/24868116
#SPJ4
Green company has net credit sales of $100,000, an asset turnover ratio of 4, and a receivables turnover ratio of 9. What is the average collection period?.
The average collection period if Green company has net credit sales of $100,000, an asset turnover ratio of 4 is 40.6 days. It can be calculated by divided company's working days by Receivable turnover.
The total asset turnover ratio can be defined as a mathematical function that calculates how efficiently a company converts assets into revenue. For example, an asset turnover ratio of 0.50 indicates that the company is able to convert each asset's value into 50 cents of revenue. A higher asset turnover ratio is usually considered better, as it indicates that the company can more efficiently generate profits based on available inventory.
The asset turnover ratio is effective for comparing businesses in the same sector but is meaningless when comparing businesses operating in different industries. Companies and small retail stores often have higher asset turnover ratios because they typically generate a large number of sales compared to the cost of their assets. Retail stores sell merchandise at prices that are usually much less than they pay for inventory, so the ratio is high. Utility and real estate companies often have lower asset turnover ratios because of their lower sales margins.
The calculation is:
Average collection period = 365 days / Receivable turnover
Average collection period = 365 days : 9
Average collection period = 40,6
You can learn more about total asset turnover ratio here brainly.com/question/14769916
#SPJ4
A company that recognizes a long-term notes payable has signed the legal document referred to as a?
he or she has done a great deal to sign for a contract to know what's going on