Cost of goods sold = Gross margin 2. Cost of goods sold = Beginning inventory + Purchases – Ending inventory 3. Inventory is reported on the balance sheet at replacement cost when it is less than cost. 4. Inventory turnover (3.79) = Cost of goods sold ($750‚000) ÷ Average inventory ($188‚000 + $208‚000)÷ 2 5. Average days to sell inventory (96.3) = 365 days ÷ Inventory turnover (3.79) 6. Average days to sell inventory (96.3) = 365 days ÷ Inventory turnover (3.79) 7. LIFO cost of goods sold ($22.2
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ECONOMICS ASSIGNMENT 1) WHAT DOES MY BUSINESS PRODUCE GOODS The business that I have chosen (KAOS-IND) produces goods and services the goods that they produce are motorcycles which come from the biggest and best factory in china and this factory produces motorcycles which are at the highest standard in quality and strength. The engines that power these motorcycles are a brand called Lifan and Lifan produce some of the best engines
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competitive escalation. The particular setting in which this is studied is a dollar auction. They find that direct experience with the dollar auction reduces competitive escalation in a subsequent auction. A different type of auction does not have the same effect. Managerial experience does not completely remove the effect either. Even goal setting fails to provide an adequate prophylactic. I found this paper to be very intriguing. The topic is clearly important‚ because competitive escalation can drive
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What Makes a Good Foreign Language Teacher? Most of us have had at least one really great teacher and one really bad one. We know what we like in a teacher and judge them based on that. I have had teachers over the years whom others did not like. There were also other teachers I thought did a horrible job but other students thought were the best they ever had. Opinions differ. Most of what people perceive as a good or bad teacher is usually based on things like personalities and preferred
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Outsourcing jobs to foreign countries has long seen to be a hindrance to American people when in actuality it can help the economy grow. Outsourcing is a sore subject for the majority of Americans today. Seeing jobs going overseas can be hard pressed to be seen as a good thing‚ even harder to believe it can help the economy. Looking at the way outsourcing can help everyone puts things in perspective on a global level. Imagine third world countries poverty stricken and hungry! Outsourcing in
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important to be able to recognize certain elements of a demand curve. For instance‚ if Apple raised its prices by five percent‚ what would happen to its revenues? The answer to this question depends on the response of Apple consumers. Will the consumer refrain from making purchases completely or just cut back on them? How a consumer responds to price changes is known as price elasticity. The price elasticity of demand can be influenced by availability of substitutes‚ the level of necessity or luxury
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Describe your family? o Do you have a large or small family? o How much time do you spend with your family? o What do you like to do together as a family? o Do you get along well with your family? o Are people in your country generally close to their families? WORK o What do you do? o What are your responsibilities? o How many hours do you work each day? o Do you enjoy your work? o Is there some other kind of work you would rather do? o If you could change
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EXPORT DEFINITION :The term export means shipping the goods and services out of the port of a country. The seller of such goods and services is referred to as an "exporter" who is based in the country of export whereas the overseas based buyer is referred to as an "importer". In International Trade‚ "exports" refers to selling goods and services produced in the home country to other markets.Export of commercial quantities of goods normally requires involvement of the customs authorities in both
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What Makes a Good Foreign Language Teacher? It is not a secret that teaching has a great role in our life‚ it is everywhere. In our constantly changing world we have to get knowledge from everything: e.g. from people and things surrounding us‚ from different technologies‚ from our experience. But nothing of these can take the place of a teacher‚ who plays a great role in life of every person. During rather long period of time a teacher is an integral part of children’s life. A teacher does not
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Job outsourcing to foreign countries 2 Effects of Outsourcing American Jobs to Foreign Countries The nation’s economy will be adversely affected in areas such as unemployment‚ Social Security‚ and even retirement benefits‚ by the outsourcing of American jobs to foreign countries. This country needs to take a look at some of the ways that outsourcing to foreign countries has affected those who have already lost their jobs due to outsourcing. An article by the Washington DC Office of Public
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