warranty repair costs, shipping costs, sales commission are costs that can be easily traced to individual products
Cost accounting is a method of accounting that includes both fixed and variable costs in the measurement of all production-related expenses. Cost accounting is used to help management make decisions that will maximize operations based on effective cost management.
The goal of cost accounting is to evaluate a company's various costs and how they affect operations, expenses, productivity, and profitability. Management can enhance how it conducts business and thereby increase the firm's value by individually evaluating each company's cost structure.
To know more about Cost accounting :
https://brainly.com/question/28616505
#SPJ4
the excess return required on a risky investment over that of a risk-free investment is called the:
The investment return that an asset is anticipated to generate over and above the risk-free rate of return is known as a risk premium. Investors receive compensation in the form of an asset's risk premium.
What three forms of returns on investment are there?Bonds, GICs, savings accounts, and other investments all provide interest and dividends. Capital gains are shared by investors when certain equities pay dividends. If you're an investor, you can sell investments like stocks or bonds.
What is the risk associated with return on investment?An investment idea known as the risk-return trade-off suggests that the potential benefit increases with risk. Investors must take into account a variety of aspects, including as their general risk tolerance, their ability to replenish lost cash, and more, to determine the right risk-return trade-off.
To know more about investment return, visit:
https://brainly.com/question/2891213
#SPJ4
Refer to the above information. Assuming the U.S. dollar is the functional currency, what is Polaris's remeasurement gain (loss) for 20X8? (Assume the ending inventory was acquired on December 31, 20X8.)
A) $31,000 gain
B) $36,500 loss
C) $22,000 gain
D) $32,000 gain
The U.S. dollar is the functional currency, what is Polaris's remeasurement gain C) $22,000 gain
Searle Corporation
Translated Income Statement
For the Year Ended December 31, 20X5
Sales revenue $ 936,000
Expenses:
Cost of goods sold ( 343,200 )
Depreciation expense ( 11,700 )
Other expenses ( 171,600 )
Net income $ 409,500
In bookkeeping, accounting, and financial accounting, net sales are operating revenues earned by a company for selling its products or rendering its services.
Also referred to as revenue, they are reported directly on the income statement as Sales or Net sales
Learn more about Net sales https://brainly.com/question/2796674
#SPJ4
Suppose a market is initially perfectly competitive with many firms selling an identical product. Over time, however, suppose the merging of firms results in the market being served by only three or four firms selling this same product. As a result, we would expect
a decrease in market output and an increase in the price of the product
The merging of firms results in the market being served by only three or four firms selling this same product would lead to a decrease in market output and an increase in the price of the product. This is oligopoly
Initially if it is perfectly competitive it is almost impossible for other firms to enter. Now as it is said that if they do enter and they ultimately sell the same product they don't have any control on the price of the product. This is sometimes known as oligopoly, and they try to replace the product with close substitutes.
Oligopoly- An oligopoly is a market structure in which a small number of large sellers or producers dominate a market or industry. Oligopolies are frequently the result of a desire to maximize profits, which can lead to collusion among companies.
For more information on oligopoly visit:
https://brainly.com/question/13635083
#SPJ4
What is the income remaining for a person to spend or save after all taxes have been paid?.
The income remaining for a person to spend or save after all taxes have been paid known as disposable income.
What is Disposable Personal Income? after-tax earnings. The amount of money that Americans have left over after paying taxes matters to the entire economy, not just to individuals. Personal income less personal current taxes is the formula.The amount of money left over for an individual or family to spend or save after income taxes are taken out is known as disposable income. Savings are the funds that remain after consumer expenditure is deducted from disposable income. Find out more about money market accounts, CDs, and high-yield savings.To learn more about Disposable income refer,
https://brainly.com/question/29388882
#SPJ4
A practice in which eavesdroppers drive by buildings or park outside and try to intercept wireless network traffic is referred to as "war driving". Explain how someone could use technology to intercept a wireless network. How could potential victims protect themselves again such an offense?
The practice of "wardriving" involves a hacker driving around and using technology to find insecure wireless networks, possibly including ones in your house.
How could potential victims protect themselves again such an offence?The hacker could have access to that network, obtain private information, steal identities, or carry out other nefarious deeds. Are you in danger? It partly relies on how secure your home network is. It makes sense to take precautions against wardrivers for your network, devices, and data.
Wardriving is the process of using hardware and software to find unsecured wireless networks with the goal of potentially gaining access to them. To crack passwords and decode networks, software programs are required. A mobile device like a wireless laptop, a GPS system, and a wireless network are examples of hardware.
Learn more about wardriving, here:
https://brainly.com/question/13697151
#SPJ1
suppose a new production method will be implemented if a hypothesis test supports the conclusion that the new method reduces the mean operating cost per hour. a. state the appropriate null and alternative hypotheses if the mean cost for the current production method is per hour.
a)The claim is that the mean operating cost per hour is decreased by the new production process.
What are the repercussions of making this mistake? The following hypotheses apply if we are comparing the average production costs of the new production method (1) with the average production costs of the old production method (2):H₀: μ₁ ≥ μ₂H₁: μ₁ < μ₂\sb.b) When the null hypothesis is rejected when the hypothesis is true, a type I mistake arises.The average operating cost per hour of the new production method must be at least equal to the average operating cost per hour of the old production method in order for the null hypothesis to be true in this situation.If the theory is found to be incorrect, the business will proceed on the premise that the new production process will result in lower average costs per hour.They may decide to change the production process as a result, which would result in operational costs per hour that are equivalent to or higher.c) When the null hypothesis is not rejected even when it is untrue, you make a type II error.The alternative hypothesis is valid if the null hypothesis is untrue.In this instance, it indicates that the new production technique's average operating expenses per hour are lower than those of the previous production method.Failure to reject this erroneous null hypothesis will result in the company continuing to use the old approach despite the fact that switching to the new one would actually result in lower expenses.To learn more about hypothesis test refer
https://brainly.com/question/15412647
#SPJ4
gina believes that by making small improvements all the time, she will move her company towards tqm. which of the tqm techniques is she using?
She is using constant improvement TQM techniques.
Total quality management (TQM's) fundamental definition enumerates a management strategy for long-term success via customer satisfaction.
In a TQM initiative, every employee of a firm takes part in enhancing their workplace's processes, goods, and services.
TQM can be summed up as a management framework for a client-centered business that incorporates all staff members in ongoing development.
To incorporate the quality discipline into the company's culture and activities, it makes use of strategy, data, and effective communications.
The new quality management systems that replaced TQM contain many of these ideas.
Constant improvement: TQM emphasizes continuous process improvement heavily. To find ways to boost its competitiveness and efficiency, a company must be analytical and inventive.
To know more about management, visit:
https://brainly.com/question/1276995
#SPJ4
profit margin measures how efficiently an investment center generates sales from its invested assets.
Investment center income earned per dollar of sales. Profit margin shows the profit earned on every dollar of sales.
How is the profit margin at an investment center determined?
We compute it by dividing an investment center's operating income by its operating assets. Operating assets are all the assets that the corporation had to transfer to the investment center during that time, whereas Operating Income is the money that the division made during that month.
A profit center is a division in charge of expenses and income. An investment center is a division in charge of expenses, earnings, and asset investments. Depending on the kind of responsibility center being managed, different performance metrics are utilized to assess managers.
To know more about profit margin, refer:
https://brainly.com/question/28212891
#SPJ4
suppose a bank has $400 in reserves. the reserve requirement is 8% and the bank has $5 of excess reserves. how much has been deposited in the bank?
$4,937.5 billion has been deposited in the bank if a bank has $400 in reserves. the reserve requirement is 8% and the bank has $5 of excess reserves.
How do we calculate this?We have reserves of $400 billion, excess reserves at $5 billion, and necessary reserves worth $395 billion. We also know that Required Reserves = RRRDeposits, thus $395 billion equals 0.08 Deposits.Calculating for Deposits: $395 billion/0.08 = $4937.5 billion.
What are considered surplus reserves?Capital reserves stored in excess of what is required by regulators, creditors, or internal controls are known as excess reserves by a bank or financial institution. Excess reserves for commercial banks are compared to standard reserve requirement amounts established by central banking authorities.
To know more about Reserves , visit:
https://brainly.com/question/14173699
#SPJ4
recording and reporting current liabilities (ap9-1) vigeland company completed the following transactions during year 1. vigeland fiscal year ends on december 31. jan. 15 purchased and paid for merchandise. the invoice amount was $26,500; assume a perpetual inventory system. apr. 1 borrowed $700,000 from summit bank for general use; signed a 10-month, 6 percent annual interest-bearing note for the money. june 14 received a $15,000 customer deposit for services to be performed in the future. july 15 performed $3,750 of the services paid for on june 14. dec. 12 received electric bill for $27,860. vigeland plans to pay the bill in early january. 31 determined wages of $15,000 were earned but not yet paid on december 31 (disregard payroll taxes). required: prepare journal entries for each of these transactions. prepare all adjusting entries required on december 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
The first stage of the accounting cycle is the recording of the journal entries. It keeps track of all financial transactions in time order. These journal entries utilise a double-entry bookkeeping method to give each business transaction a dual impact.
These entries are also used to submit each account individually to the general ledger.Therefore, you can find the journal entry attachment below.
A journal entry is a record of a business's financial transactions kept in its accounting books. An accurate date, the sums to be debited and credited, a description of the transaction, and a special reference number are all components of a properly documented journal entry.Journal entries can be classified as either complex, adjusting, or reversing.
Learn more about journal entries:
https://brainly.com/question/14279491
#SPJ4
The factors that lead to a low-cost position also provide a substantial ____ barriers position with respect to _______ products introduced by new and existing competitors.
A. entry; substitute
B. exit; primary
C. product; substitute
D. entry; primary
A
The factors that lead to a low-cost position also provide a substantial entry barriers position with respect to substitute products introduced by new and existing competitors.
A term used in economics and business to describe variables that can deter or make it difficult for newcomers to enter a market or industry sector and so limit competition is "barriers to entry." These might include prohibitive startup fees, bureaucratic roadblocks, or other barriers that make it difficult for new rivals to enter a market. Existing businesses win from entrance barriers because they preserve their market share and capacity to make money.
Special tax incentives for existing businesses, patent protections, strong brand recognition, devoted consumers, and high switching costs are a few examples of common entrance barriers. The requirement for new businesses to get licenses or regulatory clearance prior to operation is another barrier.
Learn more about substitute products https://brainly.com/question/9110991
#SPJ4
location (x, y) a 7, 2 b 4, 7 c 5, 5 d 6, 2 e 8, 4 if the amount of fabric shipped to each plant is equal, what is the optimal location for the fabric plant?
In this particular problem where location (x, y) a 7, 2 b 4, 7 c 5, 5 d 6, 2 e 8, 4. The 6,4. average the values for x and y is the optimal location for the fabric plant.
What are fabrics and how it is made?
The definition of a fabric is a material used to make garments that is created by weaving or knitting yarn. They are created from extremely small, thread-like fibres. A yarn is created by twisting these fibres.
The type of fiber used and the treatment given to it determine the properties of a fabric. There are numerous varieties of materials, including denim, rayon, linen, satin, and cotton voile.
Fabrics are created by weaving and knitting various numbers of tightly twisted threads, which are then allowed to rotate on various sorts of rollers.
The fabrics are finally created. In the textile industry, these materials are chemically treated to create various types of garment materials, such as cotton fabrics.
To learn more about fabrics
https://brainly.com/question/20727243
#SP J4
Please help asap!! thank youuuu
The total balance of the account in 40 years is $65,714.90.
The amount that Pamela contributed is $48,000.
The interest that Pamela earned is $214,631.41
The balance in Pamela's account is higher because she earned a higher rate of return than Raul.
What is the total balance?An annuity is when a series of payment is made over a period of time.
The amount of money that has in his account would increase at a compound rate each month. Compound growth is when the amount that Pamela saves and the interest he has earned increases in value each month.
The formula that can be used to determine the future value in Pamela's account is:
Future value = Monthly deposit x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
n = number of periods = number of years x compounding period = 40 x 12 = 480 r = interest rate= 7% / 12 = 0.583100 x [{(1.00583^480) - 1} / 0.00583}] = $262,631.41
Total amount contributed = monthly deposit x number of periods
100 x 480 = $48,000
Interest = future value - amount contributed
$262,631.41 - $48,000 = $214,631.41.
To learn more about annuities, please check: https://brainly.com/question/24108530
#SPJ1
is a technique that diagrams the current level of performance, the hindering factors against change, and the driving factors toward change.
A survey feedback technique shows the current performance level, the barriers to change, and the motivating elements for change.
Why is performance so important?Performance Management Improves Engagement and Efficiency. Actively participating employees remain sooner and produce better results at their jobs. To increase output and maximize return on capital, employee engagement must rise.
What performance goals means?Defining an performance goal as a goal level of performance that is articulated as a concrete, quantifiable objective that can be used to measure actual success is important. the level the effort (accuracy, thoroughness, competence) Workload (productivity level, ability to manage time, and deadline-meeting skills) and job knowledge (skills and comprehension of the work).
To know more about performance visit:
brainly.com/question/15561645
#SPJ4
What is the main reason most entrepreneurs take that risk?.
Business leaders recognise that taking risks comes with opportunities and innovation. If you refuse to acknowledge the possibility that your endeavour can fail, they are aware that it cannot happen.
What is the main risk for an entrepreneur?Numerous risks, including insolvency, financial risk, competitive risk, environmental risk, reputational risk, and political and economic risk, are faced by entrepreneurs. Entrepreneurs must make sensible financial plans and demonstrate to investors that they are thinking about risks by developing a practical company strategy.In the early stages of starting a business, spending time with family and friends can be difficult for entrepreneurs because there is no guarantee of success or a guaranteed monthly income. An entrepreneur will need funds to launch a business either in the form of loans from investors, their own savings, or funds from family. The founder will have to put their own "skin in the game."To learn more about entrepreneur refer:
https://brainly.com/question/353543
#SPJ4
True or False: Investment income includes gross income from interest, annuities, and royalties not derived in the ordinary course of a trade or business but does not include any income taken into account when calculating income or loss from a passive activity.
True, Capital gains and losses, interest, dividends, annuity income, and royalty income not earned in the regular course of a trade or business are all included in portfolio income, which is money received through investments of this type in the investment income
What is investment incomeInterest, dividends, capital gains from the sale of stocks or other assets, and any other profit from an investment type are all examples of investments income. In addition, dividends paid from stocks owned by mutual funds as well as the proceeds from the selling of gold coins are all regarded as forms of investment income.
However, unless the taxpayer elects to have this income taxed at regular tax rates, capital gains and dividends subject to the preferential tax rate are not considered to be investment income for the purposes of determining the deductibility of investment interest expenditure.
Learn more about investment income from;
brainly.com/question/16937501
#SPJ1
True, Capital gains and losses, interest, dividends, annuity income, and royalty income not earned in the regular course of a trade or business are all included in portfolio income, which is money received through investments of this type in the investment income.
What is investment income?Interest, dividends, capital gains from the sale of stocks or other assets, and any other profit from an investment type are all examples of investments income. In addition, dividends paid from stocks owned by mutual funds as well as the proceeds from the selling of gold coins are all regarded as forms of investment income.
Therefore, unless the taxpayer elects to have this income taxed at regular tax rates, capital gains and dividends subject to the preferential tax rate are not considered to be investment income for the purposes of determining the deductibility of investment interest expenditure.
Learn more about investment income from
brainly.com/question/16937501
#SPJ1
the length of time between the payment for inventory and the collection of cash from receivables is called the:
The length of time between the acquisition of inventory and the collection of cash from receivables is called the: operating cycle.
what is inventory?Inventory means all the items, goods, goods and materials that a business holds for sale in the market to make a profit. Example: If a newsagent uses a vehicle to deliver newspapers to customers, only the newspapers are considered inventory. Inventory is an accounting term that refers to goods in various stages of manufacturing and ready for sale. Finished goods (available for sale) Work-in-progress (i.e., in the manufacturing process) Raw materials (used to produce the next finished product)The four most commonly used inventory types are raw materials, work in process (WIP), finished goods, maintenance, repairs and overhauls (MRO). Understanding the nature of your inventory will help you manage it better and smarter.To learn more about inventory from the given link :
https://brainly.com/question/14184995
#SPJ4
using a perpetual inventory system, the entry to record the purchase of $30,000 of merchandise on account would include a
Using a perpetual inventory system, the entry to record the purchase of $30,000 of merchandise on account would include a debit to merchandise inventory.
What is the perpetual inventory system?A perpetual inventory system, as opposed to a physical inventory, is a program that continuously assesses your inventory based on your electronic records. This approach starts with a physical count as a baseline and updates based on receipt of purchases and shipment of goods.
It promptly logs all scanned transactions as they happen onto the system. Firms can readily calculate the current and necessary stockpile in this method.
Read more on inventory here: https://brainly.com/question/24868116
#SPJ1
informational reports provide summaries and describe recurring activities as well as situational, nonrecurring events. they deliver information to neutral or receptive readers. even though they are generally conversational and informal, you should apply the lessons you have learned about the clarity and conciseness of effective writing to short informational reports as well. informational reports
Even though all reports contain information, the goal of informational reports is to provide that information in a structured, impartial manner that is devoid of interpretation or recommendations—in other words, to report the facts. After that, the writer is supposed to provide a summary of the data.
What is Informational reports?" Although all reports contain information, informational reports are designed to deliver material in a structured, impartial manner without interpretation or recommendations; in other words, to report the facts. The information offered can be used independently or as the foundation for a choice. As a result, the information provided needs to be precise, thorough, and pertinent. Informal memos and letters make up the majority of informational reports. A company's template, which specifies what must be included and in what sequence, may be used to generate some informational reports. The most straightforward type of report to create are these highly specialized Informational Reports. However, you might need to choose the format and the content if there isn't a standard format.To Learn more About informational reports refer to:
https://brainly.com/question/26487403
#SPJ4
in order to open a health savings account (hsa) account, a taxpayer must qualify under which category:
In order to open a Health Savings Plan (HSA) account, a taxpayer must qualify under which category: A self-employed individual.
You can open a Health Savings Account (HSA), a form of personal savings account, to cover certain medical expenses. As long as you utilize an HSA for eligible medical expenditures, including premiums, co-pays, participation, and more, you may save money and use it without paying taxes.
You can save money for retirement, pay for health care more simply, and cut your taxes with a health savings account (HSA). Only high-deductible health plans are compatible with HSAs. HSA money can be used to cover out-of-pocket expenses not covered by your health plan as well as qualified medical bills.
The given question is incomplete, the complete question is:
In order to open a Health Savings Plan (HSA) account, a taxpayer must qualify under which category:
a) A self-employed individual.
b) Any one of these.
c) An uninsured employee of a company that does not offer health coverage, who purchases high-deductible health coverage on his or her own.
d) An employee (or spouse) who works for an employer with a high deductible health plan.
To know more about HSA here
https://brainly.com/question/17406948
#SPJ4
What is the nature of business cycle?.
The business cycle is the process natural expansion and contraction of goods and services production and output that occurs over time.
What is business cycle?The cycle has four stages: expansion, peak, contraction, and trough. GDP, interest rates, total employment, and consumer spending can all help determine where the economy is in its life cycle.The rise and fall of an economy's GDP defines the beginning and end of a business cycle, also known as an economic cycle or a trade cycle.The business life cycle is the progression of a business over time in stages, which are most commonly divided into five stages: launch, growth, shake-out, maturity, and decline.The business cycle is caused by supply and demand forces—the movement of the gross domestic product GDP—the availability of capital, and future expectations. This cycle is commonly separated.To learn more about business cycle refer to :
https://brainly.com/question/20335740
#SPJ4
in your opinion, are you in favor of a free-market economy, or in favor giving government a large regulatory role? (or even placing the economy entirely under government control). consider issues such as economic productivity, economic inequality, and the extent of corporate welfare.in your opinion, are you in favor of a free-market economy, or in favor giving government a large regulatory role? (or even placing the economy entirely under government control). consider issues such as economic productivity, economic inequality, and the extent of corporate welfare.
The ideal economic setup combines a free market with some form of governmental regulation. There are some profit-oriented private business players there.
Which kind of economy has the most governmental control?Government control over the economy is most pronounced in a command economy.An economic system known as a command economy is one in which the government has authority over the manufacturing and setting of prices for products and services. A command economy, often known as a planned economy, is one in which the government determines which commodities and services to produce, how they will be produced and distributed, as well as their pricing. The central planner is the government.Because it is somewhat governed by the government and partially reliant on the dynamics of supply and demand, a mixed economic system combines elements of both a command and a free-market system.Nowadays, the majority of the world's major economies are mixed economies, which combine socialism and capitalism. In most mixed economies, governments use fiscal or monetary policies to boost growth during economic downturns.Learn more about command economy refer to :
https://brainly.com/question/26262298
#SPJ4
which of the following would be a reasonable basis for assigning the materials handling costs to the units produced in an activity-based costing (abc) system?
Number of components per completed unit would be a reasonable basis for assigning the materials handling costs to the units produced in an activity-based costing (abc) system.
Activity-Based Costing System is utilised to allocate indirect costs incurred in the manufacture of a product. Activity-based costing allocates expenses based on the activities allocated to a product. Activity-based costing enhances the product's accuracy and focuses on the product's costs per activity. Material costs and the number of actions necessary to generate a product comprise the allocation base. Material handling costs encompass all production-related expenditures, from the purchase of raw materials to the delivery of finished goods to the client. The quantity of components per completed unit is the suitable cost driver for assigning material handling expenses.
To know more about Activity-based costing
https://brainly.com/question/15862944
#SPJ4
airport kiosks that allow passengers to purchase tickets as well as automated teller machines (atms) are types of .
Airport kiosks that allow passengers to purchase tickets as well as automated teller machines (ATMs) are types of automated vending.
Kiosks are essentially new product categories that are automatically dispensed, helping to give customers the convenience of getting whatever they want on the go and giving retailers the advantage of saving money over the construction of a brick-and-mortar franchise.
The kiosks, which combine creativity, technology, and robots, are used to market various products in high-traffic locations like airports, shopping centers, and train stations. While offering convenience to customers, kiosks also allow businesses to show and sell a variety of goods, including DVDs, books, gadgets, and other culinary items.
To learn more about automated vending, visit the link below:
brainly.com/question/15360877
#SPJ4
suppose that expenditures by the federal government are $30 billion, expenditures by the state governments are $55 billion, and expenditures by the local governments are $20 billion. what is the total of government purchases of goods and services?
The total of government purchases of goods and services is $105 billion.
What are government purchases?Government purchases are things that the federal, state, and local governments spend money on. The sum of this spending, excluding transfer payments and debt interest, is a significant contributor to a country's gross domestic product (GDP). Such expenses like Social Security benefits and farm subsidies are referred to as transfer payments. Several subcategories exist under the U.S. Bureau of Economic Analysis (BEA). For instance, it separates federal from state and local spending on purchases made by the government and federal spending on defense from all other spending. The total of imported items is deducted from the GDP's final calculation. According to Keynesian economic theory, government purchases are a vital component of a thriving economy.
Total government purchases= 30+55+20=105 billion.
To learn more about government purchases, visit:
https://brainly.com/question/26626764
#SPJ4
Item 19 a company purchased an asset for $3,900,000 that will be used in a 3-year project. The asset is in the 3-year macrs class. The depreciation percentage each year is 33. 33 percent, 44. 45 percent, and 14. 81 percent, respectively. What is the book value of the equipment at the end of the project?
The book value of the equipment at the end of the project is $3899907
What is meant by book value ?The book value of a company is the sum of its total assets minus its total liabilities. Book value represents the total worth of a company's assets that shareholders would receive if the company were to be liquidated.
You may get a good understanding of the company's financial worth from its book value. It displays the amount you would be entitled to in the event of a company's collapse. A company's stock price is undervalued if its book value is greater than its market value. This is a fundamental principle of value investing.
Book value = $3,900,000 − (33.33 + 44.45 + 14.81)
Book value = $3899907
The book value of the equipment at the end of the project is $3899907
To learn more about book value refer to:
https://brainly.com/question/23057744
#SPJ4
an employee's resignation must be the foreseeable result of an employer's discriminatory action to support a showing of constructive discharge. True or False
An employee's resignation must be the foreseeable result of an employer's discriminatory action to support a showing of constructive discharge is True.
In employment law, constructive dismissal also called constructive discharge occurs when an employment resigns as a result of the employer creating a hostile work environment.
The constructive discharge was not truly voluntary it is in effect a termination. Example, when an employee quits their job instead of being terminated.
To know more about constructive discharge here,
https://brainly.com/question/9879146
#SPJ4
the size of the divergence between fifo cost of goods sold and replacement cost of goods sold depends on the rapidity of the inventory turnover and the:
The severity of input cost fluctuations and the speed of physical inventory turnover determine how much the FIFO cost of goods sold and the replacement cost of goods sold diverge. 64.
Cost of goods sold is overstated when closing inventory is overstated. The acronym FIFO means "First-In, First-Out." It is a technique used in the computation of cost of goods sold to support cost flow assumptions. The FIFO cost approach is predicated on the idea that the oldest items in an organization's inventory have already been sold. The computation is based on the prices paid for those the earliest products.
To learn more about FIFO, click here.
https://brainly.com/question/17236535
#SPJ4
A backpack is normally $64. 99, but on sale, it is marked down to $45. 49. What percent off is the sale price?.
A backpack is normally $64. 99, but on sale, it is marked down to $45. 49. The percent off on the sale price is 30%.
A backpack in its simplest form is a canvas bag that is strapped on the back and secured with two shoulder straps, but it can have an outer frame and an inner frame and also include a storage bag.
Backpacks are commonly used by hikers and students and are generally preferred over handbags for carrying heavy objects or carrying any kind of equipment due to limited ability to carry heavy objects for long periods of time. on hand. Large backpacks, used to carry items weighing more than 10 kg, as well as smaller sport backpacks, typically drop most of their weight on padded hip belts, leaving the straps mostly alone. shoulder to stabilize the load.
To know more about Backpack here-
https://brainly.com/question/14743547
#SPJ4
You and your friends want to rent a cabin over the summer. There is a $500 reservation fee in addition to the $150 per night cost. What is the rate the owner is charging you?.
The rate that you and your friends need to pay to the owner with $500 reservation fee in addition to the $150 / night cost is $650.
What is reservation fee?Reservation money is a total amount of money that being charged up front by hotels for booking their room. The term of reservation fee is similar to a security deposit fee where usually hotels will ask us to pay certain amount of money during check-in (you can leave cash at the receptionist or pay by card and later on the hotel will return into your card balance). It also means that the reservation fee is needed to secure a transaction from the buyer. Although usually it will be refundable if the buyer doesn't pass the time limit for the reservation fee.
Based from the question, there is a $500 reservation fee in addition to the $150 / night cost.
So basically, the rate that the owner will charge you is :
= $500 + $150
= $650
Therefore, you have to pay $650 per night to rent the cabin over the summer.
Learn more about rent https://brainly.com/question/22333666
#SPJ4
