Nthanda Corporation has just completed a physical inventory count at year end, December 31, 2020. Only the items on the shelves, in storage, and in the receiving area were counted and costed on the FIFO basis. The inventory amounted to K80,000. During the audit, the independent Accountant discovered the following additional information:
(a) There were goods in transit on December 31, 2020, from a supplier with terms FOB Shipping Point, costing K10,000. Because the goods had not arrived, they were excluded from the physical inventory count.
(b) On December 27, 2020, a regular customer purchased goods for cash amounting to K1,000 and had them shipped to a bonded warehouse for temporary storage on December 28, 2020. The goods were shipped via common carrier with terms FOB Destination. The customer picked the goods up from the warehouse on January 4, 2021. Nthanda Company had paid K500 for the goods and, because they were in storage, Nthanda included them in the physical inventory count.
(c) Nthanda Company, on the date of the inventory, received notice from a supplier that goods ordered earlier, at a cost ofK4,000, had been delivered to the transportation company on December 28, 2020; the terms were FOB shipping point. Because the shipment had not arrived on December 31, 2020, it was excluded from the physical inventory.
(d) On December 31, 2020, there were goods in transit to customers, with terms FOB shipping point, amounting to K800 (expected delivery on January 8, 2021). Because the goods had been shipped, they were excluded from the physical inventory count.
(e) On December 31, 2020, Nthanda Company shipped K2,500 worth of goods to a customer, FOB destination. The goods arrived on January 5, 2020. Because the goods were not on hand, they were not included in the physical inventory count.
(f) Nthanda Company, as the consignee, had goods on consignment that cost K3,000. Because these goods were on hand as of December 31, 2020, they were included in the physical inventory count.
Required
i. Pass an analysis of the above information and calculate a correct amount for the ending inventory. Give explanation of the basis for your treatment of each item.

According to rules of two-phase locking protocol, every transaction can go through two phases that are shrinking phase and then growing phase.

An agreement between a buyer and a seller to trade products, services, or assets in exchange for money is referred to as a financial transaction. Any transaction involves shift in the financial standing of two or more businesses or people. One or more financial assets, most frequently the money or another pricey object like gold or silver, are always part of financial transaction. Financial transactions can take many different forms. The most frequent kind, purchases, take place when thing, service, or other commodity is sold to consumer in exchange for cash. The majority of purchases are made with the cash, including checks, debit cards, and real money. Credit is the other primary method of payment, which provides immediate access to money in exchange for payback at a later time.

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Pairs of the number of children in a family and the number of toys the family owns are most likely to be inversely related variables. So, the correct answer is Option C.

•Two variables are inversely connected if the rise of one causes the decline of the other. For example, if a good's price increases, there are fewer of them available.

•A well-known example is the correlation between interest rates and consumer spending. Customers are less likely to make purchases when interest rates rise, so they are more prepared than they would be to save. Consumer spending decreases as unemployment increases because people have less money to spend.

• On the other hand, two variables in the data set make reference to one another, thus one is high while the other is low. Even though there is a strong negative correlation between two variables, neither variable's action can be said to have a measurable effect on the other. The relationship between two variables may evolve over time and occasionally exhibit an optimistic relationship.

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The answer is true. A lobbyist's direct contact with government officials in order to persuade them to support the policies that their interest group favours.

The National Rifle Association is a well-known lobbying organisation. Interest groups - A group of people with similar goals who band together to lobby the government. Lobbyists are professionals who work to influence public policy in the interests of their clients. Frequently hired by government officials to obtain information, both political and technical, that people and organisations outside the government are best suited to provide. Lobbying is a legally protected component of modern participatory government.

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$85,494 is the total revenue that RF industries have made.

        1 CHF = 1.073171 USD

        24,860 CHF = $26,7901

       32,790 GBP = $39,909.051

       25,588 CAD = $18,794.77

Total Revenue = $26,790 + $39,909.05 + $18,794.77

                         = $85,494

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New Oaks Winery requires two months to make wine, three years to age it, two months to bottle it, four months to sell it, and two months to collect the receivable. Its operating cycle is c) forty six months.

Operating cycle includes all the time duration from manufacturing till selling and receiving the payment.

Operating cycle = making of wine + bottling + selling + collecting receivable

= 2 months + 3 years + 4 months + 2 months

= 2 months + 36 months + 4 months + 2 months

= 46 months

The time it takes for a business to purchase items, sell them, and get payment for those sales is referred to as an operating cycle. It is, in other words, the time it takes for a business to convert its inventories into cash.

Depending on the sector, an operational cycle can be any length. Understanding a company's operational cycle can help assess its financial health by providing insight into its ability to settle any debts.

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Controlling is defined as monitoring performance, comparing it with goals and taking corrective action as needed. Hence, option A is correct.

Others may label someone a controlling person if they attempt to control events or other people in an unhealthy way. They might try to exert control over an environment by taking charge and handling everything themselves, or they might try to exert control over others via trickery, coercion, threats, and intimidation.

When one spouse dominates the other in an unhealthy or self-serving way, the relationship is said to be controlling. You may be in a dominating relationship if your partner consistently makes you feel frightened, insecure, or guilty. Control is sometimes a form of abuse in a relationship.

Thus, option A is correct.

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Economic blueprints are frameworks or plans that list the main economic principles and tactics that a government, institution, or person can use to accomplish particular economic objectives.

These aims may include boosting economic growth, decreasing poverty and unemployment, and improving income distribution. Economic plans frequently contain a variety of initiatives and policy changes that are intended to address certain economic issues or possibilities.

These initiatives can be in the form of regulatory changes to laws and regulations that affect economic activity, fiscal policy changes (such as adjustments to taxes or government spending), monetary policy changes (such as adjustments to interest rates or the money supply), and other types of policy initiatives.

Governments, policymakers, economists, and other specialists frequently develop economic plans, which are frequently based on economic theory and analysis.

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Gravel company stated net income of $4,500,000 in 2021. The weighted common shares outstanding in 2021 was 200,000 shares. The basic earning per share for 2021 is $21.25 (Option a )

By dividing a company's revenue or profit by the total number of outstanding shares, basic EPS is determined.

Computation of the Basic Earnings Per Share for 2021

Basic Earnings Per Share for 2021 = (Net income - Preferred dividend)/ Weight average number of common shares outstanding

Basic Earning Per share = $4, 500,000 - $ 250,000 / 200,000

So, Basic Earnings Per Share for 2021 = $21.25 per share.

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Answer: The correct answer is A. If the demand curve for a life-saving medicine is perfectly inelastic, then a reduction in supply will cause the equilibrium price to rise and the equilibrium quantity to fall.

Explanation: Perfectly inelastic demand means that the quantity demanded does not change no matter what the price is. This is often the case for life-saving medicines, as people are willing to pay any price to get them. In this situation, a reduction in supply will lead to an increase in price because the demand remains unchanged, while the supply is reduced. This will shift the supply curve to the left, leading to an increase in price and a decrease in quantity.

If the demand curve for a life-saving medicine is perfectly inelastic, then a reduction in supply will cause the equilibrium price to rise and the equilibrium quantity to fall. Thus option  A is appropriate.

Demand that is fully inelastic indicates that regardless of price, demand stays unchanged. In this case, a decrease in supply will result in a rise in price because the demand is undisturbed.

Increased demand for the drug will result from a decrease in supply. Life-saving drugs will become more expensive as a consequence. Until the supply and demand for life-saving medicine are matched, this will continue.

Therefore, option A is appropriate.

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The likelihood that the chosen manager lacks a college education and just has a fair appearance is 0.05625

According to the conventional definition, a manager is only someone who coordinates the efforts of others. Simply simply, managers coordinate the efforts of others to accomplish goals. Managers in the modern workforce could be in charge of particular systems or tasks that don't involve people. Effective listeners enhance their managerial communication skills. They allow other people to speak. They clearly understand the organization's mission and convey it to their team members in a way that motivates them. They update their coworkers on company advancements.

A role is a set of behaviours a person is supposed to exhibit or a list of tasks they are required to complete. Informational, interpersonal, and decisional roles are the three main types of responsibilities that managers play. Team leaders, top-level managers, middle managers, and first-line managers are the four most common categories of managers. The daily responsibilities of these positions vary, but so do their overall responsibilities within the organisation and the types of employees they are responsible for supervising.

The entire sample size of managers = 160

A fair number of managers were surveyed = 9

Probability;-

Probability is simply the possibility that something will happen. When you don't know how something will turn out, you can talk about the possibility of one outcome or the likelihood of several. The study or events which follow an probability distribution is known as statistics..

Here,

The probability = Number of managers surveyed are fair / The total number of managers surveyed

The probability = 9/160 = 0.05625

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Confirming a contract, Always make sure to confirm your plans after you create them. When you create an agreement over the phone in English, be sure to confirm the agreement by repeating the day and time of the gathering to the other party and asking if it is correct.

When negotiating with someone, you should introduce yourself and explain why you need the agreement.

Additionally, you should inquire about how much time will pass before the agreement is reached and whether a waiting period is necessary. One of the last things you should do before concluding the conversation should be this.

Thus, Confirming a contract.

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Data concerning the most recent year appears below: Sales Net operating income Average operating assets $17,910,000 $ 985,050 $ 4,850,000 The division's return on investment (ROI) is closest to 16.46%.

The typical quantity of those assets required to carry out a business' ongoing operations is referred to as average operational assets. This number can be incorporated into the operating assets ratio, which evaluates how much of these assets make up overall assets owned by a company.

(Beginning balance of total assets + Ending balance of total assets) x 2 equals the average operating assets for each division.

ROI is calculated by dividing net operating income by the average operating assets by 100. Your ROI would be $30,000 divided by $100,000 times 100, or 30%, for a small business with net operating income of $30,000 and average operating assets of $100,000.

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Investment Approach is a method for figuring out a property's market value that includes assessing the cost of buying a new one and calculating the value lost as a result of physical, functional, and external obsolescence.

Investment value is the sum of money an investor would spend to purchase a piece of real estate. It describes a given asset's worth based on a set of criteria. It represents a person's estimation of the asset's property value. When prospective investors choose to invest in real estate with specific personal financial goals in mind, they frequently adopt an investment value metric. They could specify a specific rate of return on investment for the investment. The value indicator is driven by an investment strategy's underlying assumptions. Potential buyers of a property need to evaluate the real estate's price to the expected rate of return, which is why an investment value is significant to them. When they determine the precise rate of return, they can use the anticipated price they would pay for the property to gauge the investment's success. It enables the investor to make wise purchasing choices that are consistent with their financial goals.

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Option A is correct, Technological advancement that results in new products will cause the supply of loanable funds curve to shift rightward.

Technical advancements include the use of new technology that can lower manufacturing costs, speed up the production process, enhance product quality, and more.

All of these would probably cause the supply curve to shift to the right, and since demand is at a standstill, the price is probably going down. A shift in the supply curve would result from a technical advancement. Movement along the supply curve would only occur if a change in the price of the product influenced the quantity supplied. And the reason for that is that a supply curve is, by definition, a graph that shows how much of a commodity is delivered at various price points.

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The incorrect statement is B. If Rick participates for 550 hours and the employee participates for 2,000 hours during the year, Rick qualifies as a material participant.

In order for Rick to qualify as a material participant, he must have participated in the business for at least 500 hours during the year. This means that he must have participated in the business for at least 500 hours and his employee must have participated for at least 500 hours.

Even if Rick participated for 550 hours and his employee for 2,000 hours, Rick would not qualify as a material participant because he did not meet the 500-hour threshold. The 500-hour threshold applies to both Rick and his employees combined.

Therefore, even with Rick participating for 550 hours and his employee for 2,000 hours, Rick would still not have participated for the 500 hours necessary to qualify as a material participant.

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Statement of cash flows for 2020 for marigold Corp.103,600 in profit. Depreciation (65,700 - 32,500) (65,700 - 32,500) 32,200 Receivables growth (86,500 - 70,700) (15,800) . The correct response is net cash provided by operating activities $

Reduction in inventories (170,200 -187,000) 16,800 decrease in obligations (35,400- 46,500). (11,100) 125,700 in net operating cash flow investment the Investment-related cash flows: equipment purchases ($260,700–$200,600) (60,100)

sales of land (100,700 -72,700)

28,000 sales of land (100,700 - 72,700)

28,000 Investment-related net cash flows (32,100) and

Flows of money used for financing activities Paid the dividends dividends (45,500) Renewed bond (53,500)

45,000 shares of common stock were issued. Net financing activity cash flow (54,000) Added to or subtracted from cash 39,600 33.200 is the initial cash balance. 72,800 in the final cash balance.

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Limited-service retail establishments are those where customers handle the majority of the purchasing decisions, however salespeople may be present in specific departments.

A retail establishment is one that generates yearly dollar volume sales of at least $75,000 that are not for resale and is acknowledged as such in the particular industry.

Price, convenience, and store ambiance are examples of practical components that make up a good retail brand. These practical characteristics are present in almost all retail locations. A business can leverage the in-store experience to create an emotional bond with customers by matching the brand's traits with those of the customers.

A business that sells things at a discount but only offers a few limited services to customers. Limited-service retailer, A Dictionary of Business and Management

Ex: The Metro Cash and Carry Company offers only a few services. Mail order wholesalers are yet another illustration of a business with limited services. These wholesalers deliver the merchandise that you buy online to your home. You give them the money, and you receive the thing.

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By integrating all aspects of marketing communication, such as advertising, public relations, and social media, integrated marketing provides a user-friendly and customer-centered experience. It implies that your message ought to have a consistent appearance, tone, and feel across all of your channels.

The process of making a brand's messaging consistent across all of the media it uses to reach its target audience is known as integrated marketing communications (IMC). It is a strategic strategy that directs all marketing channels' communication and strategies.

Integrated Marketing Communications (IMC) is a term that was first used in 1989 to describe the need to concentrate advertising efforts across multiple promotional strategies. Businesses found that each brand message actually bolstered the others by integrating communications across multiple marketing platforms.

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The project manager is in charge of organizing the project effort among project team members and stakeholders and keeping track of its development.

Both project management and planning employing any project assurance and delegation tasks and following established reporting mechanisms. Plans for the project, the stage, and the exception should be made and updated as necessary. Developing back-up plans is part of controlling project risks.

Any project must have efficient communication from start to finish. The project's scope, desired result, and key players must all be clearly specified at the outset, and the entire team must support the initiative.

The most important of a project's four main phases—planning, execution, execution, and closure—is planning. This is due to the fact that how well you plan for your project to prevent deviations will determine its success.

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One of the factors that will make it easier to get into a region like EU is that, in general, market entrance is easier and less expensive in emerging countries since the market is less developed and competitive.

It should be noted that China is still considered to be developing when compared to the EU.

China will thus be less expensive to enter for the reasons stated above, as well as the fact that it is often regarded as the world's industrial center.

A market entrance strategy is a planned technique of distributing and delivering goods or services to a new target market. It refers to the development, implementation, and management of contracts in a foreign nation in the import and export of services.

One key factor to consider when entering the market in China is the Psychographics (Language, Culture, and socio-political relations with other nations)

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The broker owes a fiduciary duty to both the buyer and the seller

The relationship between a fiduciary and the principal or beneficiary on whose behalf the fiduciary acts is referred to as a fiduciary duty.

When acting in a beneficiary's best interest, the fiduciary accepts legal liability for obligations of care, loyalty, good faith, confidentiality, and more. To guarantee that there are no conflicts of interest that could undermine such interests, extreme caution must be exercised.

In a financial sense, fiduciary obligations exist to make sure that those who handle other people's money work in their beneficiaries' best interests rather than their own.

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Joshua's job is to assess the success of the planning function and provide feedback for future rounds of planning. Joshua is engaged in the controlling managerial function.

The managerial functions are making plans, organizing, directing, staffing, and coordinating. and controlling. planning is the system of selecting and developing a high-quality route of motion. to gain a goal. it's by far the keystone of all other management capabilities.

Controlling may be the most vital of the four management features. It affords the information that keeps the corporate intention on track. by using controlling their organizations, managers preserve informed of what is happening; what's running and what isn't always; and what wishes to be persevered, progressed, or modified. main is taken into consideration to be the maximum vital and challenging of all managerial sports. leading is influencing or prompting the organization's members to work together in the interest of the enterprise.

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Only provides pure insurance against unexpected death. Cash value life insurance is a type of permanent life insurance that includes a cash value savings component and lasts for the entirety of the policy holder's life.

Financial advisors do not advise investing in cash-value life insurance unless you have prepared for emergencies and other urgent needs, have maxed out contribution to tax-advantaged retirement funds, such as IRAs and 401(k)s, and are willing to commit to a policy for the long term.

The policy will be canceled if all funds are withdrawn. While taking money out of the policy may make sense in some situations, it may reduce the reward that is provided to your dependents after you pass away. Also possible is a surprise tax charge.

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The correct answer is Currently made merchandise, Currently made services, and Pre-existing assets.

The capital account refers to the capital transfers between foreign residents. The money account reflects will increase or decreases in a very country's possession for the  international assets.

The current account reflects the net income of a country at intervals a year. The capital account reflects web change inside the possession of national assets of a country at intervals a year. this account in the main focuses on the receipts and disbursements related to the cash and non-capital things.

The current account balance of payments could be a record of a country's international transactions with the remainder of the planet.

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TRUE. nafta multiple choice has increased the standard of living in the north african member nations. benefits workers in the participating nations but hurts consumers by raising prices.

Because it allowed for a flood of trade across North America, NAFTA was a tremendously contentious trade pact. After the European Union, it comprises the second-largest free-trade region in the world. NAFTA has drawn criticism primarily because lowering trade barriers will result in the displacement of some jobs.

The North American Free Trade Agreement (NAFTA) was implemented in 1994 with the goal of fostering trade between the US, Mexico, and Canada. NAFTA created a significant free-trade area by reducing or eliminating import and export barriers among the three member countries.

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Since most resources are more suitable for producing some products than others, a PPF is more likely to be a downward-sloping curve that is bent outward than a downward-sloping straight line.

Since the cost of production is not constant, the PPF (production possibilities frontier) is curved. If all trade-offs were equal, the graph would be straight. But what makes PPF curve in that particular direction is how the trade-offs change. The term "concave" refers to a curve that slopes away from the origin.

The PPF will eventually move outward because to an increasing economy. As incrementally more resources are invested in a particular undertaking, the marginal increase in output will eventually decline over time, according to the law of diminishing returns.

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A force majeure clause is a provision included in international sales contracts that limits the liability of the parties in the event of a disruptive force beyond their control that makes performance more difficult than expected.

A force majeure clause is a provision included in contracts that limits the liability of the parties in the event of an intervening and disruptive force beyond their control that makes performance more difficult or impossible than expected. This can include events such as natural disasters, wars, strikes, and pandemics. The purpose of a force majeure clause is to protect parties from being held responsible for failing to meet their obligations under the contract due to circumstances beyond their control.

A force majeure clause is typically triggered when an event occurs that makes it impossible or significantly more difficult for a party to perform its obligations under the contract. The exact language of the force majeure clause will determine what events are covered and when the clause is triggered. Some force majeure clauses may also require the party seeking to invoke the clause to take reasonable steps to mitigate the effects of the event and to resume performance as soon as possible.

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Answer:

the business environment.

Explanation:

An environment is the surroundings of the conditions (external and internal circumstances).

Since there are external and internal circumstances that refer to the business, the surroundings of these conditions is called a business environment.

The external and internal circumstances that surround the business are referred to as the business environment.

The business Environment is the sum or collection of all internal and external factors such as employe customers needs and expectations, supply and demand, management, clients, suppliers, owners, activities by the government, innovation in technology, social trends, market trends, economic changes, etc.

These factors affect the function of the company and how a company works directly or indirectly. Sum of these factors influences companies or business organisations environment and situation. Business environment helps in identifying business opportunities, tapping useful resources, assists in planning, and improves the overall performance, growth, and profitability of the business. There are various types of Business environment like microenvironments and Microenvironment. The business Environment is the most important aspect of any business.

The forces which constitute the business environment are its suppliers, competitors, media, government, customers, economic conditions, investors and multiple other institutions working externally.

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The cost per unit for product A will be $5.80 which is calculated by dividing total cost by quantity of units produced.

Total cost = Overhead cost(16225)+ Direct labour(11000) + Direct materials(25000)= $52225.

Cost per unit= Total cost/ quantity of produced units.

Cost per unit= 52225/9000= $5.80

Why do we calculate cost?

Cost computation aids in making decisions regarding pricing, manufacturing volume, and sales as well as determining the prices of the goods and services the group sells. The formula for calculating cost per unit adds up fixed and variable costs, which are then divided by the overall number of units produced over a given period of time. Here's how to calculate the price per unit: (Total fixed costs + Total variable costs) / the total number of units produced is the cost per unit.

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She thinks Cloud 9 has a toxic human resource management.

The technique of successfully and efficiently managing people inside a company or organization to give that entity a competitive advantage is known as human resource management.

Its goal is to increase worker performance in support of a company's strategic goals.

To efficiently manage people inside of firms, human resource management places a high emphasis on procedures and norms.

The administration of salary and benefits as well as the design of employee benefits, hiring, training, and development, and performance evaluations are under the purview of HR departments.

HR is also concerned with topics including organizational transformation, worker relations, and striking a balance between organizational requirements and those imposed by laws and collective bargaining agreements.

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