Bufford Corporation had reported the following amounts at December 31, 2022: sales revenue $184,000, ending inventory $11,600, beginning inventory $17,200, purchases $60,400, purchase discounts $3,000, purchase returns and allowances $1,100, freight-in $600, and freight-out $900. Calculate the cost of goods available for sale. Select one: a. $69,400. b. $74,100. c. $56,900. d. $197,700.
Answers
Answer:
Option (b) $74,100
Explanation:
Data provided in the question:
Sales revenue = $184,000
Ending inventory = $11,600
Beginning inventory = $17,200
Purchases = $60,400
Purchase discounts = $3,000
Purchase returns and allowances = $1,100
Freight-in = $600
Freight-out = $900
Now,
Cost of goods available for sale
= Beginning inventory + Purchases + Freight-in - Purchases discounts - Purchase returns and allowances
= $17,200 + $60,400 + $600 - $3,000 - $1,100
= $74,100
Hence,
Option (b) $74,100
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What is the last step in the medical billing cycle?
B) horizontal.
C) positively sloped.
D) negatively sloped.
Answers
Answer:
A) negatively sloped.
Explanation:
Usually the demand for reserves is negatively sloped, like any normal demand curve, due to the inverse relationship between quantity demanded and price (interest rate is the price of money).
The demand curve for federal funds will have a negative slope until the interest rate paid on excess reserves equals the federal funds rate. At this point, the demand curve will become infinitely elastic, and therefore horizontal.
Answers
These are independent samples because the score of one coffee does not affect the score of the other coffee.
If the consumers were comparing the coffees, they would be dependent (one is better or worse when compared to the other). In this case they are independent because rating one coffee a 10 has no effect on what they rate the other coffee.
Answers
Answer: RTO or recovery time objective
Explanation: Recovery time objective can be defined as the target level of time period under which a business process must be restored to normal conditions after facing a disruption in continuity.
In the given case, alan is trying to asses the maximum allowable time to recover a particular situation, thus, we can conclude that he is determining recovery time objective.
b. $525
c. $686
d. $429
Answers
Answer:
price = $429.25
so correct option is d. $429
Explanation:
given data
face value = $1,000
time = 15 year
rate = 5.8 % = 0.058
to find out
price of bond
solution
we get here price that is express as
price = ........................1
put here value we get price
price =
price = $429.25
so correct option is d. $429
b. Logistics Section Chief
c. Operations Section Chief
d. Planning Section Chief
Answers
- is responsible for the management of all operations directly applicable to the primary mission.
- activates and supervises organization elements in accordance with the Incident Action Plan and directs its execution.
- directs the preparation of Unit operational plans, requests or releases resources.
b) price to rise.
c) price to fall.
d) quantity demanded to increase.
Answers
Answer:
The correct answer is option (B).
Explanation:
According to the scenario, the most appropriate answer is option (B) because when there is a shortage of a product, the demand for the product remains the same and hence this can result in price to rise of that product.
While the other options are not correct because of the following reasons:
- Option (A) is not that appropriate because when there is a shortage of any product, it is obvious to decrease in quantity supplied but it doesn't show any tendency.
- Option (C) is not correct because when there is a shortage of any product there is no chance of price to fall.
- Option (D) is not correct because when there is a shortage of any product, it doesn't matter to increase in quantity.
Final answer:
In a scenario where there is a shortage of a product in an unregulated market, there is a tendency for the price to rise. This happens because of the increased competition among buyers for limited goods, demonstrating the principles of supply and demand.
Explanation:
When a product is in short supply and the market is unregulated, the market mechanism will respond in such a way that there is a tendency for the price to rise. This happens because the shortage of product creates competition among buyers, which drives the price up. This concept is a fundamental principle of supply and demand. When demand exceeds supply, prices naturally tend to go upward in an unregulated market until equilibrium is reached. Hence, the correct answer is b) price to rise.
Learn more about Supply and Demand here:
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