Sandra’s Purse Boutique has the following transactions related
to its top-selling Gucci purse for the month of October.
Sandra's Purse Boutique uses a periodic inventory system.
| Date | Transactions | Units | Unit Cost | Total Cost | ||||||||||||
| October | 1 | Beginning inventory | 6 | $ | 850 | $ | 5,100 | |||||||||
| October | 4 | Sale | 4 | |||||||||||||
| October | 10 | Purchase | 5 | 860 | 4,300 | |||||||||||
| October | 13 | Sale | 3 | |||||||||||||
| October | 20 | Purchase | 4 | 870 | 3,480 | |||||||||||
| October | 28 | Sale | 7 | |||||||||||||
| October | 30 | Purchase | 8 | 880 | 7,040 | |||||||||||
| $ | 19,920 | |||||||||||||||
Using weighted-average cost, calculate ending inventory and cost of goods sold at October 31. (Round your intermediate and final answers to 2 decimal places.)
Ending inventory-
Cost of goods sold-
In: Accounting
Suppose you deposit $4,000 in currency into your checking account at Bank of America. Assume that Bank of America has no excess reserves at the time you make your deposit and that the required reserve ratio is 10 percent. 1) Use a T-account to show the initial effect of this transaction on bank of America's balance sheet. 2) Suppose that Bank of America makes the maximum loan they can from the funds you deposited. Use a T-account to show the initial effect on Bank of America's balance sheet from granting the loan. Also include in this T-account the transaction from question (1). 3) What is the maximum increase in checking account deposits of the whole banking system that can result from your $4,000 deposit? What is the maximum increase in the money supply? Are they equal? Why?
I need full answers AND explanation ASAP
In: Economics
The following table contains data for the U.S. balance of payments in a prior year. Answer the question on the basis of this information. All figures are in billions of dollars. U.S. goods exports +$793 U.S. goods imports -1573 U.S. exports of service +280 U.S. imports of services -222 Net investment income +5 Net transfers -81 Capital account -5 Foreign purchases of assets in the U.S. +1198 U.S. purchases of foreign assets -395 Refer to the table above. The data indicate that Americans:
a)Earned more from their investments abroad than foreigners earned from their investments in America
b)Sold more products to buyers abroad than what foreign producers sold to buyers in America
c)Bought foreign assets abroad more than foreigners bought assets in the U.S.
d)Invested abroad more than foreigners invested in America
In: Economics
Read the text below and answer this: What regulatory steps can the Indian government take to make the environment more hospitable to investors?
Excessive red tapism, poor infrastructure, complex tax policies, protectionist labor laws, high licensing and inspection costs, congested judicial system and land acquisition problems are major bottlenecks forcing investors from Korea to opt for other Asian countries over India, according to a study by apex industry body ASSOCHAM.
"With just 1.25 per cent share i.e. about $2.6 billion of Korea's $215 billion worth total overseas investments till the end of 2012, India figures quite low on the list of favored investment destinations for Korean companies evidently as investors from Korea have pumped in $39.67 billion in China, $14.18 billion in Hong Kong, $8.38 billion in Vietnam, $6.73 billion in Indonesia, $4.65 billion in Singapore, $3.95 billion in Malaysia and $3.81 billion in Japan," noted a report titled 'India-Korea: Eliminating Barriers and Increasing Investments,' prepared by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
"Though the bilateral trade between India and Korea reached $19 billion clocking nearly 20 per cent growth during 2012, it is relatively low compared to the size and structural complementarities of the two economies," said the ASSOCHAM report.
"Korean FDI inflows have been growing at a very tardy pace as their companies seem to be keener to explore other emerging markets more so as many of them feel that if big company like POSCO can face difficulties, despite government assurances, it would be even tougher for smaller companies to survive in India," highlighted the ASSOCHAM report.
In its report, ASSOCHAM has suggested the government for speedy administrative processes for approval and clearance of big-ticket investment projects through fast track process, development of dedicated world-class industrial parks and supporting infrastructure like logistics, power and water supply, carrying out tax reforms like early introduction of goods and services tax (GST) and developing social infrastructure like Korean restaurants, recreational facilities and others.
"South Korean companies can forge business alliance with their Indian counterparts to become partner in infrastructure development as India plans to tap $1 trillion in infrastructure sector by 2017," suggested the ASSOCHAM report. Moreover, there is vast scope to boost trade in services like information technology (IT), information technology enabled services (ITeS), communications, banking, insurance, education, broadcasting, tourism and healthcare.
The chamber study further states that automobile, infrastructure, nuclear and renewable energy, defence, small and medium enterprises (SMEs) and shipbuilding are some of the key areas with significant potential for investments and co-operation between India-Korea.
Besides, there is tremendous potential for India and South Korea to work together and explore possibilities of promoting third country exports by taking advantage of the various rationalised procedures and investment norms applicable to the Special Economic Zones (SEZs), added the ASSOCHAM report.
India may act as an ideal destination for Korean companies to relocate to counter growing labour scarcity and rising wages back home thereby taking advantage of India's cost-effective human resources, it added.
Further, there is also scope for the two Asian giants to take leverage from complementarities in case of India's growing knowledge-based service industry and Korea's hardware and manufacturing-based economic structure. Besides, India's capabilities in pharmaceutical industry, IT software and auto components indeed complement Korean competence in heavy engineering, automobiles, machinery and electronic hardware. Also significant opportunities for bilateral co-operation also exist in the area of internet and e-governance.
In: Economics
Select a country of your choice (other than Saudi Arabia) and discuss its comparative advantage—the sources and the challenges. What is the role of the government? Does the government provide additional investment? What could increase their advantage?
In: Finance
The? Sudbury, South? Carolina, plant of Shannon Sports Company has the following standards for its soccer ball? production:
|
Standards: |
0.1 yard |
|
Material (leather) per soccer ball |
$21 |
|
Material price per yard |
0.40 Hour |
|
Direct labor hours per soccer ball |
$11 per hour |
|
Wage rate per direct labor hour |
$12 per direct labor hour |
|
Variable support cost rate |
|
|
Actual results for October: |
|
|
Used 13500 yards of raw material, purchased for $280,530.00. Paid for 8,200 direct labor hours at $11.30 per hour. Incurred $82,000 of variable support costs Manufactured 25,000 soccer balls |
Requirements
Determine the following variances for? October:
|
?(a) |
Total direct material cost variance and indicate whether the variance is favorable or unfavorable |
|
?(b) |
Total direct labor cost variance |
|
?(c) |
Total variable support cost variance |
|
?(d) |
Direct material price variance |
|
?(e) |
Direct material quantity variance |
|
?(f) |
Direct labor rate variance |
|
?(g) |
Direct labor efficiency variance |
|
?(h) |
Variable support rate variance |
|
?(i) |
Variable support efficiency variance |
AH? = Actual number of direct labor hours
AP? = Actual price per unit of materials
AQ? = Actual quantity of materials used
AR? = Actual wage rate
SH? = Number of direct labor hours allowed given the level of output achieved
SP? = Estimated or standard price per unit of materials
SQ? = Standard quantity of materials allowed for the production level achieved
SR? = Standard wage rate
In: Accounting
36. A junior Linux administrator is performing version control
on a Git repository. The administrator is given a list of tasks to
complete:
• List the currently installed Git release.
• Show the status reporting on the clone.
Which of the following commands would allow the administrator to
complete these tasks? (Select TWO).
A. git clone --progress
B. git clone --recursive
C. git --help
D. git clone --dissociate
E. git --version
F. git clone –shared
37. A company wants to provide internal identity verification
services for networked devices. Which of the following should be
installed?
A. SSH
B. VPN
C. CA
D. DCHP
E. DNS
38. A system administrator wants to disable the Linux Watchdog
Timer Driver for security purposes. Which of the following will
accomplish this task?
A. Add blacklist watchdog to the /etc/modprobe.d/blacklist
file.
B. Rename the /etc/modprobe.d/watchdog file to watchdog.off
instead.
C. Remove the watchdog=1 from the /usr/modules/watchdog.conf
file.
D. Add watchdog=0 to the /etc/modprobe.conf file.
39. Ann, a user has created a new directory and noticed that
permissions on the new directory are as follows:
drwx------. 1 ann ann 0 Jun 11 08:20 work
Which of the following should the administrator do to restore
default permissions for newly created directories?
A. Change unmask value in /etc/profile.
B. Run chmod command to update permissions.
C. Modify directory ownership to ann:ann with chown.
D. Execute chattr command to restore default access.
40. A security administrator wants to display a warning banner
before a user logs in. Which of the following files must be edited
to make this happen?
A. /etc/services
B. /etc/issue
C. /etc/hosts
D. /etc/mood
In: Computer Science
What are some examples of economic, social and political growth in America from the 1900-2000?
In: Economics
In: Economics
Why do historians rely on the work of archaeologists to write the history of ancient North America?
In: Psychology