Allison would like to save time and have her spending automatically appear in her budget as soon as she makes a purchase. What money management tool should she use

Answers

Answer 1

Answer:Allison should use a personal finance app or budgeting software that is capable of automatically importing her transaction data. Some popular options include Mint, YNAB (You Need A Budget), Personal Capital, and PocketGuard.

These tools allow Allison to link her bank and credit card accounts, and automatically import her transaction data as soon as she makes a purchase. This helps her save time and ensures that her budget is always up-to-date with her actual spending.

In addition to automatically importing transactions, these tools often provide features such as budget tracking, goal setting, bill reminders, and investment tracking, making it easier for Allison to manage her money and achieve her financial goals.

E


Related Questions

Taking money to allow someone to get what they want is a(n) ___ choice
ethical
unethical
neither

Answers

Answer:

its b, unethical

Explanation:

fix your grammer

Answer:

Unethical

Explanation:

Imagine yourself later on down the line knowing that you did something that you can't undo. Think before you react!!! People are challenged every day, but it's up to you to make that right decision.

Why is the automobile industry considered an oligopoly?
It offers little differentiation within the market.
It has significant barriers to entry.
It is controlled by companies that patent key technology.
It relies on price variation to attract customers.
It depends on brand loyalty and image to generate sales.
It is dominated by a few key players.

Answers

The reasons that the automobile industry is an oligopoly in market economics are because of B. It has significant barriers to entry and F. It is dominated by a few key players.

An oligopoly is a market condition where the possibility of firms colluding with each other exists.

Firms in this market are interdependent, especially with regards to pricing.

Oligopolistic firms differentiate their products, and they have few producers.

There are barriers to entry.

Thus, an oligopoly limits entries to a few key players who dominate the market.

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Answer:

B: It has significant barriers to entry.

E: It depends on brand loyalty and image to generate sales.

F: It is dominated by a few key players.

debbie is applying for a gas card. If she gets approved, what type of credit will it most likey be?

Answers

Answer:

debt

Explanation:

an international nonprofit has been experiencing high turnover among its analysts, who are experts in their areas of specialty. this inability to retain staff has prevented the organization from developing strategies to improve healthcare and education in the countries where it operates. the ceo hires you as a consultant to help solve this problem. what recommendations are you most likely to make? check all that apply.

Answers

As a consultant, I will advise the company to give analysts autonomy while paying them well to reduce employee turnover.

Recommendations are -

Send analysts to academic and professional seminars in their areas of interest. Give analysts a high degree of autonomy in deciding how to do their work. Pay analysts a premium relative to the market rate for their work.

The number of employees who leave an organization during a certain period of time, usually a year, is referred to as employee turnover or employee turnover rate. Although an organization counts the total number of workers leaving, turnover can also relate to divisions within the organization, such as specific departments or ethnic or racial groups.

Here in this case, the organization can reduce employee turnover, especially analysts, by providing them with certain benefits such as full work autonomy, remuneration according to market rates, which will motivate them and ultimately reduce employee turnover.

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The complete question is here:

An international nonprofit has been experiencing high turnover among its analysts, who are experts in their areas of specialty. This inability to retain staff has prevented the organization from developing strategies to improve healthcare and education in the countries where it operates. The CEO hires you as a consultant to help solve this problem. What recommendations are you most likely to make? Check all that apply.

Send analysts to academic and professional seminars in their fields of interest.Evaluate analysts’ performance according to quantitative measures of their output.Give analysts a high degree of autonomy in deciding how to do their work.Pay analysts a premium relative to the market rate for their jobs.

difference betwee auditor and finance managys​

Answers

Answer:

Image result for difference between auditor and finance manager

Auditor ensures that the businesses are saved from any fraud by highlighting any discrepancies undertaken in accounting methods whereas a Finance manager provide with accurate and detailed financial reports which are vital for the profitability of the business.

Explanation:

1. Which is the common factor of 24 and 32?
D. 32
D. 28
D. 19
A 8
B. 16
C. 24
2. What is the greatest common factor of 14 and 567
A7
B. 14
C. 21
3. What is the greatest common factor (GCF) of 16 and 24?
A. 6
B.8
C. 12
4. Which of the following is the greatest common factor of 28 and 367
A. 4
B.7
C. 8
5. The following numbers are common factors of 28 and 56 except?
A. 7
B. 14
C. 8
6. What is the Least Common Multiple (LCM) of 7 and 87
D.9
D. 28
A. 56
B. 68
C. 84
D. 146
7. What is the least common multiple of 6 and 147
A. 42
B.54
C.76
D.84
8. What is the least number of carpenters that an engineer must hire If he wants to
arrange them in groups of 4, 5, 6 with no left over?
A. 120
B.150
C.60
D.240
9. During a car race, two competitors will stop to fill up the fuel tank. One does it
every 4 laps, and the other every 5 laps. If they travel at the same speed, how
many laps will they meet again at the fuel station?
A. 16
B. 20
C.25
D. 30
10. What is the least common multiple (LCM) of 12 and 14?
A. 54
B. 68
C. 84
D. 146
please answer me please ​

Answers

Answer:65

Explanation:

Answer:

8

Explanation:

On January 1, the Elias Corporation issued 10% bonds with a face value of $113,000. The bonds are sold for $110,740. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, ten years from now. Elias records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 of the first year is.

Answers

Answer:

The bond interest expense for the year ended December 31, of the first year is $5,650

Explanation:

We will need to calculate the total annual interest expense on the bond which we are given as 10% of the face value. We will then divide the total interest on the bond by 2 because the pays semi-annual interest.

Total interest expense on the bond will therefore be ; 10% × $113,000

= $11,300

Semi-annual interest expense will now be ;

= $11,300/2

= $5,650

Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem

Answers

The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.

If it is because of the inability to care for their kids while at work, then the company can solve this problem by:

First modifying the company policy to allow mothers to bring their babies to work;Second, providing a safe place within the workspace for the children to play during work hours.Third, a flexible work structure can be given to young parents.

What is high turnover?

Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.

Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.

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Following are transactions of Gotebo Tanners, Inc., a new company, during the month of January: Issued 10,000 shares of common stock for $15,000 cash. Purchased land for $12,000, signing a note payable for the full amount. Purchased office equipment for $1,200 cash. Received cash of $14,000 for services provided to customers during the month. Purchased $300 of office supplies on account. Paid employees $10,000 for their first month's salaries. What was the balance of Gotebo's Cash account following these six transactions

Answers

Answer:

$17,800

Explanation:

Calculation to determine the balance of Gotebo's Cash account following these six transactions

Using this formula

Cash Account= Beginning Cash-Office equipment+Cash for Service rendered-Employee salaries

Let plug in the formula

Cash account = ($15,000 - $1,200 + $14,000 - $10,000)

Cash account= $17,800

Therefore the balance of Gotebo's Cash account following these six transactions is $17,800


What are the two factors used to calculate productivity?
A. Goods produced and number of customers
B. Resources invested and goods lost
C. Goods produced and employees hired
D. Goods produced and resources invested

Answers

Goods produced and resources invested re the two factors used to calculate productivity.

How productivity is measured?

Productivity is measured from different factors in the organization like the profit generate from the sales, number of customer increases, the amount of money invested in the company, the goods that are consumed of sell within span of time and others.

Thus, option D is correct.

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Answer:

Goods produced and resources invested

Explanation:

If this economy were open to free trade, how many units of the good would be produced domestically?
A. 115
B. 60
C. 150
D. 90

Answers

60 units of the good would be produced domestically, if this economy were open to free trade. Option B is the correct answer.

Import and export restrictions are absent under a free trade system of commerce. Political parties with economic liberal stances are the ones that often support free trade in government. Option B is the correct answer.

The following characteristics might be aided by free trade policies.

The exchange of products without the imposition of taxes (including tariffs) or other trade restrictions, such as import quotas or producer subsidies.No tariffs or other commercial restrictions on the exchange of services.Lack of "trade-distorting" rules, restrictions, subsidies, or other policies that favor some businesses, families, or production factors over others. The lack of market regulation.Access to market data is unregulated.

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If this economy were open to free trade, how many units of the good would be produced domestically?A.

Peggy started work after graduation and started investing.
Why do you think Peggy would have decided to invest?

A. to keep her finances liquid for emergencies
B. to earn compound interest
C. to minimize the risk of losing money
D. to build on her retirement fund
E. to take out a student loan for further education

Answers

Answer:

c

Explanation:

C
Highschool students still don’t know what to do after graduation and may lead to debt after

The combination of inefficiently high demand and dwindling quantity leads to what is called?

Answers

The combination of inefficiently high demand and dwindling quality leads to the tragedy of the commons.

This economic theory changed into first conceptualized in 1833 by British writer William Forster Lloyd. The tragedy of the commons refers to a situation wherein individuals with access to a public resource (also known as a not unusual) act of their very own interest and, in doing so, in the long run, deplete the resource.

The tragedy of the commons might also arise whilst a financial desirable is each rivalrous in consumption and non-excludable. These sorts of goods are known as common-pool resource items (in preference to private items, membership goods, or public goods).

The rate at which depletion of the resource is found depends frequently on three elements: the number of users wanting to eat the commonplace in question, the consumptive nature of their uses, and the relative robustness of the common.

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You are considering a 3/5 ARM. What does the 5 represent?
OA. The interest rate of the initial fixed-rate loan period
B. The total number of years in the loan
OC. The number of years between adjustments in the interest rate
D. The number of years that a fixed interest rate will be applied to the
loan

Answers

The number 5 in a 3/5 ARM (Adjustable Rate Mortgage) represents Option C. The number of years between adjustments in the interest rate.

An ARM, or Adjustable Rate Mortgage, is a type of mortgage loan where the interest rate can change over time. The "3/5" in a 3/5 ARM refers to the initial fixed-rate period and the subsequent adjustment period. In this case, the number 3 represents the initial fixed-rate period, during which the interest rate remains unchanged. After this initial period, the interest rate can adjust periodically based on certain factors, such as market conditions.

The number 5 represents the number of years between adjustments in the interest rate. It means that after the initial fixed-rate period of 3 years, the interest rate on the loan will be adjusted every 5 years. During these adjustment periods, the interest rate can either increase or decrease based on the terms of the mortgage agreement and the prevailing market rates.

Choosing a 3/5 ARM means that the borrower will have a fixed interest rate for the first 3 years of the loan and then the interest rate will be adjusted every 5 years thereafter until the loan is paid off or refinanced. The specific details of the adjustments, such as the index used and the margin, will be outlined in the loan agreement.

It's important for borrowers considering an ARM to carefully evaluate their financial situation and future plans, as the fluctuating interest rates can affect their monthly mortgage payments. It's also crucial to understand the terms and conditions of the ARM, including the adjustment period, so they can make informed decisions regarding their mortgage. Therefore, the correct option is C.

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Which of the following BEST summarizes the purpose of Section 4 of the 25th Amendment?
A.
It provides a check on presidential power in times of war.
B.
It provides a way for the president to retain his power, even if he is impeached.
C.
It outlines the procedures to be followed in the case that the vice presidency is vacant.
D.
If the president is incapable, or unfit to

Answers

B is the answer .Branliest plz thank you.

Explain how Naïve Bayes Model works effectively? Give Five (5)
points

Answers

Naïve Bayes Model is a probabilistic method that uses Bayes theorem. It is a classification method that is used for the classification of objects that have certain characteristics, it's simple to implement and generates accurate results, but it has a basic assumption that the attributes are independent of one another.

Here are five ways that Naïve Bayes Model works effectively:1. The model is easy to implement and is relatively straightforward to understand. It is also computationally less complex and has a high speed of training.2. The algorithm works effectively even when the data is skewed or when the data set is too large.3. Naïve Bayes is very effective in identifying spam or non-spam emails, making it very useful for email filtering.4. The model has a low probability of overfitting, even with complex datasets.5. The model is particularly useful in cases where there are multiple classes in the dataset and the variables are independent of each other.

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a bank promises to pay 5.5% pa compound interest on deposits of £2337 if saved for 3 years. how much will the savings be worth at the end of the period mentioned? write your answer correct to 2 decimal places.

Answers

Answer:

£2,744.20

Explanation:

savings amounts after 3 years can be calculated using the formula below.

A = P x ( 1 + r) ^ n

Where A is the amount after three years

P = principal amounts:  £2337

r: interest rate: 5.5% or  0.055

n is the number of periods: 3 years

A =£2337 x( 1 + 0.055)^3

A =£2337 x(1.055) ^3

A=£2337 x 1.174241

£2,744.20

Amount after 3 years will be £2744.20

Journal entry
Paid Rs. 28000 to Sansee stores in full settlement of Rs. 30000 by cheque
please help me . ​

Answers

Answer:

Bank A/c. Dr. 28000

Discount allowed A/c. Dr. 500

To Urmila A/c. 28500

4. for the query "find the number of all departments that are on the 1st floor and have a budget of less than $50,000," which of the listed index choices would you choose to speed up the query?

Answers

To speed up the query "find the number of all departments that are on the 1st floor and have a budget of less than $50,000," the choice of appropriate indexes depends on the structure and specific requirements of the database.

However, based on the given query, the following index choices could potentially help improve performance: Index on the "floor" column: Since the query involves filtering departments on the 1st floor, creating an index on the "floor" column would allow for efficient retrieval of departments specifically located on the 1st floor.

Index on the "budget" column: As the query requires departments with a budget of less than $50,000, creating an index on the "budget" column would facilitate faster access and filtering based on the budget criteria.

Composite index on both "floor" and "budget" columns: Since the query involves filtering based on both floor and budget, creating a composite index on both columns could further improve performance by allowing the database to quickly identify departments that match both conditions.

It's important to note that the effectiveness of indexes can vary based on the database system, table size, data distribution, and query patterns. Analyzing the database schema, data volume, and specific usage patterns would provide better insights into selecting the most appropriate indexes for optimizing the query performance.

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A video game system is on sale for 25% off its original price. If the original price is $200, how much money will be saved?​

Answers

Answer:

$50

Explanation:

25% = 1/4

200 / 4 = 50

50*3=150, which is 25% off.

In 2017, Leonardo da Vinci's painting Salvator Mundi sold for a record $452.5 million. In 1958, it sold for $136, equivalent in purchasing power to about $1,170 at 2017 prices. The painting was originally commissioned by King Louis XII of France in about 1500. The Wall Street Journal guesstimated that the king may have paid Leonardo the equivalent in purchasing power of $300,000 in 1519.
a. What was the annual rate of appreciation in the price of the painting between 1958 and 2017 adjusted for inflation? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Answers

The annual rate of appreciation in the price of the painting between 1958 and 2017 adjusted for inflation is 4.53%.

To determine the annual rate of appreciation in the price of the painting between 1958 and 2017 adjusted for inflation, we must first calculate the inflation rate between 1958 and 2017. The inflation rate is calculated by dividing the price of the painting in 2017 by its equivalent price in 1958 and then multiplying by 100%.

($452.5 million / $136 million) x 100% = 333.09%

Then, to determine the annual rate of appreciation, we use the following formula: (1 + r) = (1 + i)^(1/n)

Where r is the annual rate of appreciation, i is the inflation rate, and n is the number of years between the two dates. n = 2017 - 1958 = 59 years

Now, we can plug in the values to solve for r.(1 + r) = (1 + 3.3309)^(1/59)(1 + r) = 1.0453r = 0.0453 or 4.53%

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managers generally use payback as the sole method for deciding whether to invest in an asset. T/F

Answers

False. While payback period is one of the methods used by managers for deciding whether to invest in an asset, it is not typically used as the sole method.

Managers also consider other methods such as net present value (NPV), internal rate of return (IRR), profitability index (PI), and discounted payback period to evaluate investment options.

Payback period is a simple and popular method for evaluating investment opportunities. It calculates the length of time required to recover the initial investment, based on the expected cash flows generated by the investment. However, it does not take into account the time value of money or the cash flows beyond the payback period. Therefore, managers may also use other methods that provide a more comprehensive view of the investment opportunity.

Net present value (NPV) and internal rate of return (IRR) consider the time value of money by discounting future cash flows back to their present value. Profitability index (PI) is another method that incorporates the time value of money and evaluates the investment return relative to the amount invested. Discounted payback period combines the simplicity of payback period with the consideration of the time value of money.

Overall, managers use a combination of these methods to gain a comprehensive understanding of the potential investment opportunity and make informed investment decisions.

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If average annual income for all workers is $37,000 and a person with a bachelor’s degree can expect to earn 32 percent more than average, what is the average annual income for persons holding bachelor’s degrees (round to the nearest thousand)?

Answers

Answer:

 $48,840.00  

Explanation:

If the average  income is $37,000  

A graduate expects to earn 32% above average.

The graduate will earn $37,000 +( 32% of $37,000)

=$37,000 +(32/100 + 37,000)

=$37,000 +  $11,840.00  

= $48,840.00                                                        

 

                           

Answer:

49000

Explanation:

(source) TRUST ME  

im being serious tho it is 49000

What is the purpose of completing a W-4 form? (3 points) 2. List the three types of information you must provide in Step 1 of the W-4 form. (3 points) 3. If you need more information about how to complete Step 2 of the W-4 form, where can you find it? (3 points) 4. If you have two children, ages 2 and 4, how much should you record in Step 3 of the form? (3 points) 5. What are the three types of other adjustments" you could record in Step 4 of the W-4 form? (3 points)

Answers

Your Social Security number, address, and name Additional adjustments include Excess withholding, Other income, and Deductions. Your married filing jointly and the amount of allowances you are using are other factors.

What are an example and income?

For many people, an illustration of income would've been their wage from a job. Any money that a person or corporation receives in exchange for labor, the creation of goods and services, or the investment of capital can be termed income.

What does a business's income mean?

Income, often known as "net income" or "net profit," is the sum of a company's profits less costs. It is computed by deducting income from business expenses including depreciation, debt, tax, and other charges.

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a farmer is taking out a 20-year loan of $30,000 with equal principal annual payments and an interest rate of 12%. growth rate of farm returns are expected to be 4% per year. what is the interest payment in the 5th year?

Answers

A farmer is taking out a 20-year loan of $30,000 with equal principal annual payments and an interest rate of 12%. The growth rate of farm returns is expected to be 4% per year. The interest payment in the 5th year is 2880.

The total loan payment is constant over time for equal principal loans as it is false that loan payments cannot be constant as interest rate keeps on varying every year. The principal payment for a fully amortized loan is less than an equal principal loan at the beginning but later is greater, ceteris paribus which is True. A farmer is taking out a 30-year loan of $35,000 with equal principal annual payments and an interest rate of 10%. The inflation rate is expected to be 3% per year. The loan balance in the 6th year is 23742. Simple Interest can be calculated by Principal×Rate×Time / 100.

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Which tool can be used to easily calculate the change in profit resulting from a change in sales price, sales volume, variable costs, or fixed costs?.

Answers

The tool that can be used to easily calculate the change in profit resulting from a change in sales price, sales volume, variable costs, or fixed costs is The CVP analysis. This is further explained below.

What is CVP analysis?

Generally, Changes in both variable and fixed expenses may have a significant impact on a company's bottom line, and a cost-volume-profit (CVP) analysis can help you understand the relationship between the two.

In conclusion, The CVP analysis is a tool that may be used to quickly determine the change in profit brought on by a change in sales price, sales volume, variable costs, or fixed costs.

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Anticipating objections is very important in negotiations. For this exercise, briefly describe a policy that you would like to see implemented by the federal, state, or local government. This could be the revoking of an existing law or policy, the implementation of a new law or policy, or the significant altering of an existing law or policy. Then, try to list at least two possible objections that your policy would likely face and how you would respond to overcome these objections.

Answers

Expanding affordable housing programs can provide much-needed support to low-income individuals and families.

One policy that I would like to see implemented by the federal government is the expansion of affordable housing programs. This would involve increasing funding and resources to provide more affordable housing options for low-income individuals and families.

Two possible objections to this policy are:

1. Cost: Critics may argue that expanding affordable housing programs would require a significant financial investment that could strain the government's budget. They may question whether the benefits of providing affordable housing outweigh the costs.

In response to this objection, it is important to highlight the long-term benefits of affordable housing. By providing stable and affordable housing options, individuals and families can improve their overall well-being, leading to better health outcomes, increased educational opportunities, and higher employment rates. This can ultimately reduce the strain on social services and contribute to economic growth. It is also worth noting that there are potential funding sources, such as reallocating funds from other areas or partnering with private organizations, that can help mitigate the cost.

2. Impact on property values: Another objection may come from property owners who are concerned that the expansion of affordable housing programs could negatively impact property values in the surrounding area. They may argue that the presence of affordable housing could decrease property values and disrupt the existing community.

To address this objection, it is important to emphasize that well-planned affordable housing developments can have positive effects on property values. By revitalizing neighborhoods and increasing housing options, affordable housing can attract new residents, promote local businesses, and contribute to community growth. Additionally, implementing policies that ensure quality and well-maintained affordable housing can help alleviate concerns about the impact on property values.

In conclusion, expanding affordable housing programs can provide much-needed support to low-income individuals and families. Despite potential objections related to cost and impact on property values, the long-term benefits of affordable housing and the potential to address these concerns through alternative funding sources and careful planning make this policy a valuable investment for the government.

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How does the work done by agriculture communications professionals compare to and differ from that of other marketing workers?

Answers

Answer:

Agriculture communications professionals need to have the same basic background on marketing, covering areas such as market research, product research, and market communication.

However, they will also need to have an agriculture-related background, because they need to understand the dynamics of the agriculture business, from farm issues, to the kind of crops or produce that they can buy or sell in a specific area, to even agricultural policy.

Sam's Cat Hotel operates 50 weeks per year, 6 days per week, and uses a continuous review inventory system. It purchases kitty litter for $10.50 per bag. The following information is available about these bags: > Demand =95 bags/week > Order cost =$55.00 /order > Annual holding cost=40 percent of cost > Desired cycle-service level =80 percent > Lead time =2 weeks ( 12 working days) > Standard deviation of weekly demand =15 bags > Current on-hand inventory is 320 bags, with no open orders or backorders. a. Suppose that the weekly demand forecast of 95 bags is incorrect and actual demand averages only 75 bags per week. How much higher will total costs be, owing to the distorted EOQ caused by this forecast error? The costs will be $_______________ higher owing to the error in EOQ. (Enter your response rounded to two decimal places.)

Answers

The costs will be  $19.87 higher owing to the error in EOQ.

The higher total costs owing to the distorted EOQ caused by the forecast error, we need to compare the total costs based on the actual demand of 75 bags per week with the total costs based on the forecasted demand of 95 bags per week.

Given information:

- Demand forecast: 95 bags/week (forecasted) and 75 bags/week (actual)

- Order cost: $55.00/order

- Annual holding cost: 40% of cost

- Current on-hand inventory: 320 bags

- Lead time: 2 weeks (12 working days)

- Standard deviation of weekly demand: 15 bags

- Desired cycle-service level: 80%

Calculate the Economic Order Quantity (EOQ) based on the actual demand of 75 bags per week. The EOQ formula is given by:

EOQ = √[(2 × Demand × Order Cost) / Holding Cost]

EOQ = √[(2 × 75 × $55.00) / (0.40 × $10.50)]

EOQ ≈ 56.57 (rounded to two decimal places)

Calculate the total costs based on the actual demand and the EOQ:

Ordering Cost = (Demand / EOQ) × Order Cost

Ordering Cost = (75 / 56.57) × $55.00

Ordering Cost ≈ $72.99 (rounded to two decimal places)

Holding Cost = (EOQ / 2) × Holding Cost per Unit

Holding Cost = (56.57 / 2) × (0.40 × $10.50)

Holding Cost ≈ $79.41 (rounded to two decimal places)

Total Costs = Ordering Cost + Holding Cost

Total Costs = $72.99 + $79.41

Total Costs ≈ $152.40 (rounded to two decimal places)

Calculate the total costs based on the forecasted demand of 95 bags per week (distorted EOQ):

Ordering Cost = (Demand / EOQ) × Order Cost

Ordering Cost = (95 / 56.57) × $55.00

Ordering Cost ≈ $92.86 (rounded to two decimal places)

Holding Cost = (EOQ / 2) × Holding Cost per Unit

Holding Cost = (56.57 / 2) × (0.40 × $10.50)

Holding Cost ≈ $79.41 (rounded to two decimal places)

Total Costs = Ordering Cost + Holding Cost

Total Costs = $92.86 + $79.41

Total Costs ≈ $172.27 (rounded to two decimal places)

To determine how much higher the costs will be owing to the error in EOQ, we calculate the difference between the total costs based on the forecasted demand and the total costs based on the actual demand:

Higher Total Costs = Total Costs (Forecasted) - Total Costs (Actual)

Higher Total Costs = $172.27 - $152.40

Higher Total Costs ≈ $19.87 (rounded to two decimal places)

Therefore, the costs will be approximately $19.87 higher owing to the error in EOQ caused by the forecast error.

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In a perpetual inventory system, two entries are normally made to record each sales transaction. The purpose of these entries is best described as follows:
a.One entry recognizes the sales revenue and the other recognizes the cost of goods sold.
b. One entry records the purchase of merchandise and the other records the sale.
c. One entry records the cost of goods sold and the other reduces the balance in the Inventory account.
d, One entry updates the subsidiary ledger and the other updates the general ledger

Answers

In a perpetual inventory system, two entries are normally made to record each sales transaction. The purpose of these entries is best described as One entry recognizes the sales revenue and the other recognizes the cost of goods sold. Option A is the correct answer.

The ability to immediately track sales and inventory levels for specific goods makes perpetual inventory systems potentially superior to previous periodic inventory systems and helps to reduce stockouts. Option A is the correct answer.

Except in cases when it differs from the actual inventory count due to loss, damage, or theft, a perpetual inventory does not require manual adjustment by the company's accountants. Companies need to set up a system where each item of inventory is put into the system and subtracted from the system when it is sold in order to calculate inventory. The expenditure account rises and the cost of goods sold rises when a business sells products using a perpetual inventory system.

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