Answer: please refer to te explanation section
Explanation:
The question is incomplete , to calculate inventory balance under FIFO or LIFO we need inventory transactions. The Transactions were not given in the question. I will explain the FIFO and LIFO concepts and also provide an example to show how to use these concepts.
FIFO Costing Method
FIFO costing Method is an inventory costing system that is based on the assumption that stock items purchased or stock items placed in inventory first will be sold first hence the acronym FIFO which stands for first in first out. the balance of inventory at the end of the period thus shows stock most recently purchased stock items or stock items placed in inventory.
LIFO Costing
Method LIFO costing Method is an inventory costing system that is based on the assumption that stock items most recently Purchased or stock items most recently placed in inventory will be sold first, hence the acronym LIFO which stands for last in first out.
example
10 February 2019 Purchased inventory for $1000. 100 units costing $10 each.
15 February 2019 Purchased inventory for $4500. 300 units costing $15
20 February 2019 Sold 150 units of inventory.
FIFO method
150 units were sold, therefore the first 100 units out of 150 will taken from inventory purchased on the 10th of February and 50 units will take from inventory purchased on the 15th of February. The inventory Balance will 300 units minus 50 units
inventory Balance = (300 - 50) x 10 = 250 x 15 = 3750
LIFO method
150 units were sold, the entire 150 units sold will be taken from inventory purchased on 15th of February. inventory balance will 300 units minus 150 units sold plus 100 units from inventory purchased on the 10th.
inventory Balance = (30 -150) x 15 + 100 x 10 = (150 x 15) + (100 x 10) = 3250
During the taking of its physical inventory on December 31, 2014, Barry's Bike Shop incorrectly counted its inventory as $225,513 instead of the correct amount of $170,230. The effect on the balance sheet and income statement would be ________.
Answer:
The inventory would be increased by $55,283 and the profit has been decreased by the same amount.
Explanation:
The reason is that the closing inventory has been increased by the difference of the correct and incorrect amount which is:
Closing inventory difference = $225,513 - $170,230 = $55,283
This will increase the closing inventory in the balance sheet and the increase in the closing inventory will decrease the cost of goods sold. The lower the cost of goods sold the greater is the profit.
The units in beginning work in process inventory plus the units in ending work in process inventory must equal the units transferred out of the department plus the units started into production. T/F
Answer:
False
Explanation:
The beginning units plus the units started in production equals units transferred out plus ending work in process.
Beg Units + Units Started= Units Transferred + Ending W I P
The number of units transferred out are obtained from the number of units started and the units already at hand. The ending inventory has those units which only are left behind after the units are transferred out.
Answer:
True. The units must be equal.
Explanation:
Work in process inventory is materials that are in the process of being produced or manufactured into finished goods to be sold to customers
If the units are not equal, it means that some units went missing from the inventory during production.
Beginning work in process inventory accounts for products that are in production but have not yet been completed at the end of an accounting period
The ending work in process inventory is simply the cost of partially completed work as of the end of the accounting period.
The units transferred out of the goods that have been manufactured.
Units started into production are the number of completed units of an item that a company could theoretically have produced, given the amount of direct materials, direct labor, and manufacturing overhead costs incurred during that period for the items not yet completed
The four values have to be equal in accounting to show a proper balanced account
Rob, a salesperson, meets his customers, Jake and Neil. He greets Jake, a new customer, and takes him out on a tour of the city because he wants to develop a relationship of trust with him. With Neil, an old customer, Rob tries to follow up an order he had placed in his previous sales presentation. According to the Four A's (acknowledge, acquire, advise, assure) concept of the selling process, which of the following statements is true of Jake and Neil?
A. Jake and Neil are at the assure stage.
B. Jake is at the advise stage, whereas Neil is at the acknowledge stage.
C. Jake is at the assure stage, whereas Neil is at the acquire stage.
D. Jake and Neil are at the acquire stage.
E. Jake is at the acknowledge stage, whereas Neil is at the assure stage
Answer:
E. Jake is at the acknowledge stage whereas Neil is at the assure stage
Explanation:
The four A's of selling process are
Acknowledge, whereby the seller acknowledges the prospect by exchange of greetings and pleasantries.
Acquire, whereby the seller acquires information about prospect wants and providing the desired solution.
Advise, whereby the seller provides limited alternatives and narrows down choice of the prospect.
Assure, whereby post effecting sales, the seller provides customer support and feedback.
In the given case, Jake is a new customer whom Rob acknowledges and takes out on a tour to build a rapport, whereas, Neil is a old customer whom Rob assures in the form of performing follow up to sales and after sales services.
Daun is a manager for a pet grooming shop. She has decided to engage in planning by creating goals for her employees. Dawn has created a plan to increase revenues at the store by setting goals for each employee to up-sell cu stomers into dog pedicures and hair dyeing services, which bring in and trimming. Which of the following are likely results of the plan that Davn hcreated?1. Dawn notices her employees staying past their shifts all month in order to meet their goals. 2. After not hitting the revenue goals the frst month, Davn's employes stop trying to up-sell customers stop trying to up-sell customers and just focus on bathing and trimming. 3. The pet groomers become more efficient at bathing and trimming dogs so they have more time for dog pedicures and hair dyeing. 4. Dawn's employees work harder during their shifts.
1. Dawn notices her employees staying past their shifts all month in order to meet their goals
3. The pet groomers become more efficient at bathing and trimming dogs so they have more time for dog pedicures and hair dyeing
4.Dawn's employees work harder during their shifts
Explanation:
Many important advantages come from planning. Second, by implementing a program, administrators and staff made greater efforts. Dawn's workers have a plan to follow and they work harder through their transfers. First, preparation will lead to staff working hard for extended periods of time.
Dawn mentions that her workers stay past their shifts every month to achieve their goals which reveals the employees ' commitment. A third benefit of preparation is that it helps people to develop work plans that offer better ways to do their jobs. The animal groomers are highly involved in washing and trimming dogs, which allows them greater time for dog pedicures.
One final benefit of preparation is that it gives some people direction.
Straight Arrow unloaded two tankers worth of toxic waste at an important port in the country of Urithmea. A hundred workers worked two days in their shorts and sandals to unload the barrels from the tankers for $5 a day. They were not told about the content of the barrels. Some observers felt that it was the obligation of not just the government of Urithmea but also of Straight Arrow to ensure that no harm was done to the workers. These observers are most likely:___________
1- Utilitarianists
2- Cultural relativists
3- Justice theorists
4- Rights theorists
5- Naïve immoralists
Answer:
4. Rights theorists
Explanation:
Rights theorists -
According to this theory , it is the legal and moral right of an individual person , hence , any activity against these rights are unexceptable , is referred to as rights theorists .
The people have some basics rights , which can be claimed at any moment of work , and is need to be fulfilled by the company or government .
Hence , from the given scenario of the question ,
The correct option is 4. Rights theorists .
The percentage-of-completion method is used primarily for short-term contracts. A.recognizes revenue and gross profit each period based upon progress. B.accumulates construction costs in the Billings on Construction in Progress account. C.recognizes revenue and gross profits only when contract is completed.
Answer:
A.recognizes revenue and gross profit each period based upon progress.
Explanation:
The percentage of completion approach is an accounting technique used to recognize revenue in ongoing projects. Revenue from long term contracts is calculated based on the percentage of work completed in a period. This method is applied when payments are assured, and the percentage of work done can be estimated with some degree of accuracy.
The percentage of completion is mostly used in construction industries, but the concept can be used in many projects. The method compares the revenues and expenses of a project against the percentage of work completed in the financial period. The percentage of completion method contrasts with the completed contract method that recognizes income upon completion of a project.
To help herself remember the items she was to get from the market, Anna repeated the five-item list over and over under her breath. This is an example of which information-processing strategy?
Answer:
rehearsal
Explanation:
This information processing strategy is best referred to as a rehearsal.
Repeating the same thing over and over again helps to memorize and gain mastery of a particular detail or concept.
For Anna, rehearsing the item list helps her to process and hold on to the bits of information she has better. Other information processing strategy are organization, elaboration, mnemonic, systematic searching. They all serve various needs based on the information to be processed.Management of Premium Discovery Company is compensated through large salaries, stock options, and bonuses tied to the company's working capital growth. The CEO is constantly holding meetings to ensure that management is on target for increased operating income each month. Based solely on the preceding information, which element of the fraud triangle exists at the Premium Discovery Company?
Answer:
Incentive/Pressure.
Explanation:
The fraud triangle is a model that describes factors which motivates people to commit fraud. Usually all these factors come into play before a fraud is committed.
The three elements of the fraud triangle are opportunity, pressure or incentive, and rationalisation.
The incentive in the given scenario is the compensation through large salaries, stock options, and bonuses tied to the company's working capital growth provided the management of Premium Discovery company.
This pressure or incentive drives the CEO to hold meetings to ensure management is on track to increase operating income each month.
Which of the following refers to the strategic process of distributing, promoting, and pricing products, and discovering the desires of customers using digital media and digital marketing?
a. electronic marketing
b. social networking
c. digital retailing
d. mobile marketing
e. digital marketing
Knelling Company reported a balance in Accounts Receivable of $50,000 and a credit balance of $3,000 in the Allowance for Doubtful Accounts. The company’s aging of accounts receivable determined $12,000 to be uncollectible. Prepare the end-of-period adjusting entry to record bad debit expence.
Answer:
Bad Debt A/c Dr $9,000
To Credit Allowance for Bad & Doubtful A/c $9,000
Explanation:
According to the scenario, the journal entry are given below:
Journal Entry:
Bad Debt A/c Dr $9,000
To Credit Allowance for Bad & Doubtful A/c $9,000
(Being the Bad debt A/c is recorded)
The computation for bad debts are given below:
Bad debts = Uncollectible Amount - Credit balance in Allowance for doubtful A/c
Where,
Uncollectible Amount = $12,000
Credit balance in Allowance for doubtful A/c = $3,000
By putting the value we get,
= $12,000 - $3,000
= $9,000
Amber is working as a sales associate in a department store. When a few high-priced products are found missing from the store, Amber is accused of theft and fired from the job. Neither an investigation is conducted nor is Amber allowed to explain herself. Which of the following is true of the given scenario?
a. Amber's right to arbitration has been violated.
b. Due process has not been followed by the employer.
c. Amber's statutory rights are upheld.
d. Amber is not given the option of involuntary turnover
Answer:
b. Due process has not been followed by the employer.
Explanation:
In the workplace when there is a case that could lead to dismissal, it requires the employer to first of all carry out an investigation to determine what actually happened. The facts could differ from the claims made against her.
She should also be allowed to to explain herself, this could lead to get exonerating herself or disclosing relevant information the employer did not know.
Amber can take legal action against the employer for not following due process in firing her.
Extremely low-incidence studies, such as trying to survey the automobile buyer characteristics of astronauts are usually not feasible. A marketing research firm concerned about the feasibility of such a project would probably:
a. see if the information already exists
b. first conduct a pilot survey
c. conduct a focus group
d. determine whether or not the question can be answered
e. all of these
Answer:
The correct answer is D
Explanation:
Feasibility analysis is the analysis which is used in order to determine or state the viability of the project like ensure the project is legal and economically justifiable and technically feasible.
In short, it states that the project is worth or not the investment. So, when the studies indicate the low incidence, then the firm is concerned regarding the feasibility of the project, that it would probably determine or state whether or not the questions could be answered.
Rad, a manufacturer of luxury watches, charges a higher price for its products than its competitors. Despite the high prices, the brand is popular among customers for its quality and service in comparison to cheaper alternatives available in the market. In this case, Rad offers a(n) ________ value proposition
Answer:
More-for-more
Explanation:
A value proposition refers to the value a company promises to deliver to customers if they decide to purchase their product. A value proposition is also a declaration of intent or a statement that introduces a company's brand to consumers by informing the customers what the company stands for, how it is being operated, and why it deserves their patronage.
The production function A. depends on the technology available to the firm. B. specifies the minimum amount of inputs necessary to produce a given level of output. C. specifies the maximum possible output that can be produced with a given amount of inputs. D. All of the above.
Answer:
D) All of the above.
A. depends on the technology available to the firm. B. specifies the minimum amount of inputs necessary to produce a given level of output. C. specifies the maximum possible output that can be produced with a given amount of inputs.Explanation:
The production function is a mathematical representation between the amount of physical units of input (factors of production) required to produce a certain amount of output of finished products. In other words, the production function tells us how many products we can manufacture with a given amount of capital, labor and raw materials (land).
The efficiency and productivity of the production function depends on the technology used by the manufacturer.
Sea & Surf Corporation makes sailboards, which are bought and distributed by Tropical Marketing Company to UV Sports Stores, Inc., which sells them to consumers. Wen is injured while using a Sea & Surf board that he bought from UV Sports. In a product liability suit based on strict liability, Wen may recover from:_______.1. Sea & Surf only2. Sea & Surf tropical Maketing or UV sports3. UV Sports only4. None of the above
Answer:
1. Sea and Surf, Tropical Marketing or UV Sports
Explanation:
Since the product liability suit is based on strict liability, Wen can sue either Sea and Surf Tropical Marketing Company or UV Sports Stores Inc., Strict liability confers blame not necessarily because the defendant is responsible for the harm or injury suffered but because they were somehow involved in the series of events that led to the tort's occurence.
In a QSPM analysis, would it ever be appropriate or useful for a company not to include a weight column at all, but rather total the AS columns to determine the relative attractiveness of six strategies? A. Yes but only for nonprofit organizations B. Yes but only for small firms C. No D. Yes E. Yes but only for multi-divisional companies
Answer:
C. No
Explanation:
QSPM analysis: QSPM stand for Quantative Strategic Planning Matrix is a strategic tool to evaluate various strategies to find best alternative. It is the third stage of strategy formulation, which include all the details of previous stages. There is no limit of strategies that can be evaluated or different sets of strategies that can be examined at once using the QSPM. The QSPM weights are identical to the EFE and IFE Matrix.
Final answer:
In QSPM analysis, excluding the weight column is not appropriate as it provides essential information regarding the importance of each factor in strategy selection. The correct answer to the question is C. No, since the use of weights is crucial for all organizations when performing a comprehensive QSPM.
Explanation:
In a Quantitative Strategic Planning Matrix (QSPM) analysis, it is not generally considered appropriate to exclude the weight column. The purpose of the weight column is to indicate the relative importance of each factor, which allows for a more nuanced assessment when comparing strategic options.
Without weighting these factors, the analysis ignores the significance of certain key variables that could dramatically alter the strategic direction of a company.
Therefore, the best answer to whether it would ever be appropriate or useful for a company not to include a weight column at all, but rather total the Attractiveness Scores (AS) columns to determine the relative attractiveness of six strategies is C. No.
Having a weight column assists in understanding how significantly each factor impacts the strategic choice, and excluding it removes this insight, potentially leading to a less informed decision. Every organization, regardless of its size, profit orientation, or structure benefits from a thorough QSPM, including the appropriate weighting of factors.
Three airlines account for most of the air traffic in and out of a local city. If the three airlines joined together in setting fares and air travel schedules, economists would say that they were acting as:
Answer:
The options for this question are the following:
A. a cartel, as the three airlines together would attempt to coordinate policies in the local market to jointly maximize profits.
B. monopolistic competitors, as each firm would have to differentiate its airline services from its rivals.
C. perfect competitors, as each firm would sell travel services at the same fares as the other airlines.
D. kinked demand curve oligopolists.
The correct answer is A. a cartel, as the three airlines together would attempt to coordinate policies in the local market to jointly maximize profits.
Explanation:
A cartel is a formal agreement between two or more companies in order to reduce competition between them and increase their profits or joint profits.
A cartel is the formal expression of a collusion agreement. This implies that firms explicitly agree on the level of certain competitive variables such as price, quantity, distribution of customers or areas, etc.
The goal of cartel members is to increase joint benefits at the cost of reducing or eliminating competition. In this way, it is intended to act as a monopoly by increasing prices, reducing the quantity and increasing the profits obtained from sales.
What is the discounted payback of a project that has an initial outlay of $20,000 and will generate $6,000 in year 1, $12,000 in year 2, $9,000 in year 3, and $14,000 in year 4 assuming the cost of capital is 10%?
Answer:
2.68 years
Explanation:
Year Inflows Discount rate 10% PV of cash inflows Cumulative value
1 $6,000 0.9090909091 $5,454.55 $5,454.55
2 $12000 0.826446281 $9,917.36 $15,371.90
3 $9,000 0.7513148009 $6,761.83 $22,133.73
4 $14,000 0.6830134554 $9,562.19 $31,695.92
Total present value $31,695.92
Now the discounted payback period is
= 2 + ($20,000 - $15,371.90) ÷ ($6761.83)
= 2 + 0.68 years
= 2.68 years
Suppose you read a news article reporting that your local government has denied a request by an entrepreneur to build a new coffee shop on property it owned in a residential area because of a zoning issue. Would you support such a ruling? Why or why not?
Answer:
Yes, I would support the denial because rules and regulations apply to everyone, and that includes businesses. Zoning rules exist in real estate to make sure that some areas or neighborhoods are used for certain specific purposes, e.g. residential areas, industrial areas or commercial areas. If those rules regulations didn't exist, it would be a complete mess and anyone could just set a factory besides a condo or a school. Either everyone follows the rules or no one does.
Explanation:
Riya was a highly successful manager at Optics International. After ten years with the company, she decided to leave and become a fulltime mother and caregiver to her ailing father. This example demonstrates which factor affecting women’s careers?1. Female advantage2. Opt-out trend3. Glass cieling4. Glass wall5. Opaque cieling
Answer:
2) Opt-out trend
Explanation:
The opt-out trend refers to the tendency of women leaving their job or corporate career for various reasons, specially reasons linked to maternity or raising their children.
Women are lucky because they can have children, but their reproductive ability fades out around 40 years old. It is not uncommon that women leave their jobs during a certain period of time while they are in their middle 30s to try to have children. Many return to the workforce once their children have grown a little or start preschool.
A nonprofit university uses fund accounting. The university's governing board decides to set aside $500,000 in a separate fund called the Student Performance Quasi-Endowment Fund, the income of which will be used to finance a long-term study on the career paths of the university's graduates. In which net asset classification of the university's statement of financial position would the net assets in this fund be reported?
Answer:
Unrestricted fund
Explanation:
Unrestricted funds represent contributions that the NPO can use for some reason. Unrestricted funds are typically allocated to the operational costs of the NPO or a particular operation selected by the NPO.
Under this situation, $500,000 is considered as an Unrestricted fund, because the university's governing separated it for Quasi-Endowment Fund.
The following are the expected one-year T-bill rates for the next four years: 3%, 4%, 5%, and 6%. According to the basic model of the expectations hypothesis, what would you expect the rate for three-year securities to be?
Answer:
12%
Explanation:
If the following are the expected one-year T-bill rates for the next four years: 3%, 4%, 5%, and 6%.
According to the basic model of the expectations hypothesis, the expected rate for three-year securities will be 3% + 4% + 5% = 12%
The theory of the basic model of the expectations hypothesis suggests that an investor earns the same amount of interest by investing in three consecutive one-year bond investments versus investing in one three-year bond today. The theory is also known as the "unbiased expectations theory."
Delinquency occurs at how many days past due on your loan repayment?
Delinquencies are reported when the loan is 30 or more days past due to the credit bureau. When the borrower is 90 or more days past due is stated to be a serious delinquency.
Explanation:
Delinquency is a situation in which the loan borrower fails to pay the loan or makes an overdue on the periodical payment.
Delinquency rate:
The percentage of loans within the loan portfolio of a financial institution whose payments are delinquent. The formula to calculate the delinquency rate is as follows,
[tex]\text{Delinquency Rate }=\frac{\text{Number of delinquent accounts}}{\text{total number of credit accounts}}\times100[/tex]
Average days delinquent:
This is calculated by subtracting the days sales outstanding (DSO) from best Possible DSO which is represented as
[tex]\bold{\text{ADD= Days Sales Outstanding - Best Possible Days Sales Outstanding}}[/tex]
Demand is said to be ___________ when the quantity demanded is very responsive to changes in price.
Answer: Demand is said to be price elastic.
Explanation:
If the percentage change in quantity demanded is greater than the percentage change in price, demand is said to be price elastic , or very responsive to price changes.
The price elasticity of demand or supply will differ among goods. For example, consider a 50 percent increase in the price of two goods—candy bars and prescription medicines. While the demand for both candy bars and prescription medicines should decline in response to the price increases, the percentage change in the quantity demanded of candy bars is likely to be much greater than the percentage change in the quantity demanded of prescription medicines because candy bars are less of a necessity than prescription medicines.
In economics, demand is said to be elastic when the quantity demanded is very responsive to changes in price. On the other hand, demand is considered inelastic when the quantity demanded is not very responsive to changes in price.
Explanation:In economics, demand is said to be elastic when the quantity demanded is very responsive to changes in price. This means that a slight change in price leads to a significant change in the quantity demanded. On the other hand, demand is considered inelastic when the quantity demanded is not very responsive to changes in price.
For example, if the price of a luxury item, like a designer handbag, increases slightly, the demand for that item may decrease significantly because consumers might prioritize other less expensive alternatives. This shows that the demand for luxury items is elastic.
Related keywords: Elastic demand, inelastic demand, price responsiveness, quantity demanded, economics
Learn more about Elasticity of Demand here:https://brainly.com/question/31293339
Perfect competition displays ______ because the social benefits of additional production, as measured by the price that people are willing to pay, are in balance with the ______ to society of that production.
Answer:allocative efficiency; marginal costs
Explanation:allocative efficiency is at an output level where the Price equals the Marginal Cost (MC) of production. This is because the price that consumers are willing to pay is equivalent to the marginal utility that they get. Therefore the optimal distribution is achieved when the marginal utility of the good equals the marginal cost.
The marginal cost is the cost of producing one additional item and is used to pinpoint the optimal economy of scale. The marginal benefit is the greater enjoyment created by producing one additional item.
You are preparing a statement of owner's equity for Johnson Motor Company. You have the following information: Beginning capital is $36,000, Net Income for the year is $14,000 and Drawing for the year is $6,600. Calculate the ending capital amount.
Answer:
$43,400
Explanation:
Remember that:
Closing Equity = Opening Equity + (Revenue - Expense) - Drawings
Now here we have opening equity of $36,000, Net Income which is equal to the difference of Revenue and expenses of $14,000 and drawings of $6,600.
So by putting values, we have:
Closing Equity = $36,000 + $14,000 - $6,600 = $43,400
An old factory was converted into condominiums on the top six floors, a health club on the fourth floor, offices on floors two and three, and specialty shops and restaurants on the ground floor. This would be an example of a(n) ________.
Answer:
Shopping center
Explanation:
Xavi develops a cell phone battery that can be charged by a solar panel and can run efficiently for up to three hours. His friends point out that it would be difficult to get cell phone manufacturers to adopt this new technology and that it could take a long time for people to start relying on it. However, Xavi is convinced that he can make his idea popular and successful. He plans to start a new company called EnerMob Inc. that would promote and sell the cell phone battery to the public. In this scenario, which of the following entrepreneurial characteristics is Xavi demonstrating
Xavi demonstrating vision.
Explanation:
A vision is a strong visual picture, based about your goals and aspirations, of what you are looking for in your company.
A dream can specifically guide your company and can save you from going in the wrong direction.
An ambitious definition of what a company wants to achieve or accomplish in the medium to long term. It should be a straightforward reference for the collection of current and future acts.
A customer places an order to buy mutual fund shares directly from the fund wholesaler, and therefore does not use a broker-dealer included in the fund's selling group. Under FINRA rules, all of the following statements are true EXCEPT:
Complete question:
A. the wholesaler must be a registered FINRA member
B. the customer must pay the Public Offering Price as described in the prospectus
C. the wholesaler can offer the customer a lower sales charge since no concession will be paid to a selling group member
D. pricing of the fund shares must conform to the requirements of the Investment Company Act of 1940
Answer:
Under FINRA rules, all of the following statements are true EXCEPT: The wholesaler can offer the customer a lower sales charge since no concession will be paid to a selling group member
Explanation:
In the case that a consumer buys fund sharing directly from either a fund wholesaler rather than an individual in the distribution community, the customer still has to pay the referral bonus price as stated in the brochure.
The customer gets no further discount if he goes to the wholesaler directly. The FINRA must have been a wholesaler of the Company. In accordance with international law of the 1940 Investment Company Act, all fund securities shall be priced — such as mutual fund shares shall be "for-priced" under these laws.
A large sporting goods store has recently been involved in a controversy involving its suppliers' use of child labor. As it works to resolve this controversy, what should the company monitor to get a better idea of how consumers feel about the company and its brand?
Answer:
The company must monitor Relevant Wikis
Explanation:
The Wikis relating to the use of child labor and about certain industrial areas where child labor is used to lower the cost of production. This makes it easier for the company to compete at prices in the international market. So if the company wants to monitor such practices of the supplier then it must monitor the relevant wikis that provide such confidential kept data. Other signs might be the increase in operating costs in the financial statement because of expensive electricity in such countries.