Recount the methods used to assign costs to inventory and cost of goods sold under both a perpetual and a periodic system.
A. First-in, last-out
B. Specific identification
C. First-in, first-out
D. Last-in, first-out
E. Last-in, last-out
F. Weighted average

Answers

Answer 1

Answer:

Explanation:

Perpetual inventory system is an inventory management system that records the real time transaction of inventory through a continuous tracking of movement by technology .

In periodic inventory system , inventory update are made on a periodic basis , and as such is less efficient when compared to the perpetual method.

The four known methods of inventory valuation are weighted average , First -in-first-out , Last -in - first-out , weighted average and the specific identification method

Answer 2

Answer: weighted average, specific identification, first in first out, last in first out

Explanation:


Related Questions

Jones Distributors had the following revenue-related transaction during December: Collected cash for services provided in November, $24,000 Provided services on account, $49,000, of which Jones collected $28,000 Received $4,000 on December 1 for services to be provided evenly in December and January. According to the revenue recognition principle, how much revenue should Jones record for December?

Answers

Answer: $51,000

Explanation:

Jones Distributors following the Revenue recognition principle means that they will only recognize revenue when they have earned it i.e, when they have provided the services for which they were paid to do.

They provided services on account for $49,000 in December

They received $4,000 to provide services evenly in December and January which means that half was done in December so;

= 4,000/2

= $2,000

Total revenue in December = 49,000 + 2,000

= $51,000

If you have an offer that’s targeted towards your leads in your database and wouldn’t provide as much value to your customers, what could you segment by to send only to your leads? answered

Answers

Answer:

Lifecycle stage

Explanation:

Lifecycle stage is a term often used marketing, to describe a strategy or technique prohibiting actual and potential sales leads from declining through the cracks. It can also be utilized to document changing prices through different levels so activity within various levels can be effectively optimized.

Hence, in this situation, one could segment by LIFECYCLE STAGE to send only to leads.

When rent is paid in advance for 2 years, it is appropriately recorded as a(n) Blank 1 of 2, whereas when rent is paid and used during one month, it is appropriately recorded as a(n)

Answers

Answer:

Asset; expense.

Explanation:

When rent is paid in advance for 2 years, it is appropriately recorded as an asset because it adds value, whereas when rent is paid and used during one month, it is appropriately recorded as an expense because it has been spent.

An asset can be defined as an resources owned and controlled by an individual or organization, which is capable of providing future economic benefits or has the potential to produce positive economic value. Assets can be used to generate revenue in the future or even in its present state depending on the choice of the owner.

On the other hand, an expense is a term used to describe money spent or cost incurred by an individual or organization.

Japanese automakers have realized that _____ can be a source of competitive advantage, and, as a result, Japanese firms bargain directly with local labor unions to incorporate this into the work practice before agreeing to operations.

Answers

Answer: how work is being organized

Explanation:

Japanese automakers have realized that how work.is being organized can be a source of competitive advantage, and, as a result, Japanese firms bargain directly with local labor unions to incorporate this into the work practice before agreeing to operations.

The way companies organize their work has a role to play in making them standout when compared to their rivals.

The gross domestic product (GDP) of a country was $112 billion in 2001. If the GDP grows at a constant rate of 4.3% per year, in what year will the GDP be greater than $200 billion

Answers

Answer:

The GDP will grow above or will be greater the $200 billion amount during the 14th year from 2001 which will be 2015.

Explanation:

To calculate the GDP in a particular year after 2001, we know the equation will be,

GDP = 112 * (1+0.043)^t

Where,

t is the time in years

If we want to calculate the year in which GDP will be greater than 200 billion, we need to substitute the GDP part in the equation with amount of say 200 billion.

200 = 112 * (1+0.043)^t

200 / 112 = (1.043)^t

1.785714286  =  (1.043)^t

Taking log on both sides and dividing the equation for t.

log(1.785714286) / log(1.043)  = t

t = 13.772 years rounded off to 14 years

So, the GDP will grow above or will be greater the $200 billion amount during the 14th year from 2001 which will be 2015.

If the marginal damage caused by a certain type of pollution is $100 billion and the marginal cost of abatement is $180 billion, then:

Answers

Options :

A) society would be better off with zero pollution.

B) society would be better off if emissions were increased.

C) command and control policies should always be used.

D) Society would be better off if emissions were reduced

Answer:

Explanation: The marginal damage resulting from an emission refers to the extra damage resulting from the extra unit of emission released. Whereby the marginal cost of abatement refers to the cost incurred in reducing one extra unit of pollution. Taking a look at the cost of marginal damage incurred, which is $100billion and the marginal cost of abatement which is $180 billion. From an economic standpoint, aive the abatement cost considerably outweighs the marginal damage, it spending $180 billion to cover for a loss of $ 100 billion seems unreasonable. Therefore the society will be better off if emissions were increased.

When McDonald's and other fast food restaurants offer "value menu" items at surprisingly low prices, they are most likely using ________ pricing.

Answers

Answer:

Good value, is the right answer.

Explanation:

The given blank will be filled by “good value” because when a restaurant charges or offer a value menu it means that it is just making a minimum profit in order to attract the customers. However, charging a lower price which makes minimum profit results in the good value pricing process. Additionally, good value pricing is a technique to increase their sales.

In a restaurant or fast food service meal menu is planned in such a way that seems to have less costly items as contrasted to other products of the place.

The correct answer for the blank is:

Good value

By creating these types of menus the eateries and the service place makes a minimum profit.

Due to less pricey items, the shoppers are tempted and a large number of customers order from those value menus.

So, it is a system by which the establishment earn the smallest profit and a safe value by placing value menus.

Therefore, value menus are good value.

To learn more about value menu and good values follow the link:

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Alicia has a fairly weak case to present to her supervisor. In order to be more persuasive, she should

Answers

Answer:

put him in a good mood

Explanation:

As a normal human we know that when the chances  of a event are low to be in our favour, we shall choose the best method, and best time in order to increase the feasibility or possibility of letting that event occur.

Now, in the given case. Alicia is an employee and when she knows that the chances of  getting her demand successful are low, and her case stands weak, that is  chances of getting positive results are low.

Then, she should probably find the best mood of her supervisor so that the supervisor at-least do not completely neglect her views, and rather consider to affirm them.

If she doesn't find a good mood, she should probably try to put him in good  mood.

A ___________ is established when an individual confers legal title to property to another person or institution to manage the property for one or more beneficiaries.

Answers

Answer:

personal trust

Explanation:

f the short-run aggregate supply curve is horizontal and the long-run aggregate supply curve is vertical, then a change in the money supply will change ______ in the short run and change ______ in the long run.

Answers

Answer:

1.  only output.

2.  only prices

Explanation:

Aggregate supply curve is a graphical representation of supply indices of a firm which shows the total quantity of output, that is real GDP that firms will produce and sell at given price level.

Hence, given that the short-run aggregate supply curve is horizontal and the long-run aggregate supply curve is vertical, then a change in the money supply will change ONLY OUTPUT in the short run and change ONLY PRICES in the long run.

_____________ is a short-term debt security sold by a business firm or financial institution to another business or institution where the seller agrees to buy back the security at a specified price and date.

Answers

Answer:

A repurchase agreement.

Explanation:

A repurchase agreement is a short-term debt security sold by a business firm or financial institution to another business or institution where the seller agrees to buy back the security at a specified price and date.

Deanna manages a large department store, and as a result, she has the capacity to give the store's employees written warnings, reduce their work hours, or fire them if they do not perform adequately. This is an example of her __ power.

Answers

Answer:

B) Coercive power

Explanation:

Coercive power refer to a power in which the organization forces the employees to do the work as per the given guidelines or instructions and if this things are not happened so they punish the employees if this is not be done. It can be in terms of firing, written warnings, etc

Therefore the given situation represents  the coercive power example and the same is to be considered

Ms. Muffy Vanderbilt is an entrepreneurial socialite who has successfully worked as a fund raiser for a not-for-profit organization for the past 10 years. Because of her success at raising money and her extensive list of social contacts, she is recruited by an investment advisory firm to become a representative. Ms. Vanderbilt would be permitted to:

Answers

Complete Question:

Ms. Muffy Vanderbilt is an entrepreneurial socialite who has successfully worked as a fund raiser for a not-for-profit organization for the past 10 years. Because of her success at raising money and her extensive list of social contacts, she is recruited by an investment advisory firm to become a representative. Ms. Vanderbilt would be permitted to:

I. state to customers that she has 10 years of experience in the industry.

II. use the title "investment adviser representative" on her business card.

III. state to customers that she is registered as a representative with the SEC.

Group of answer choices

A. I only

B. II only

C. II and III

D. I, II, III

Answer:

B. II only

Explanation:

In this scenario, Ms. Muffy Vanderbilt is an entrepreneurial socialite who has successfully worked as a fund raiser for a not-for-profit organization for the past 10 years. Consequently, she was recruited by an investment advisory firm to become a representative as a result of her expertise and success at raising money, as well as her extensive list of social contacts.

Hence, Ms. Vanderbilt would be permitted to use the title "investment adviser representative" on her business card but she is prohibited from;

1. stating to customers that she has 10 years of experience in the industry because she worked for a not-for-profit organization.

2. stating to customers that she is registered as a representative with the Securities and Exchange Commission (SEC) because only the investment adviser is required to register with SEC.

She can only register at the state where she's representing the investment adviser.

Hence, points I and III would be considered a misrepresentation if used by Ms. Muffy Vanderbilt.

At Finafax Inc., employees share information freely, irrespective of their departments and areas of functionality. They use coordination to maintain ongoing positive relationships and for effective problem solving rather than solely for formal communication. Given this information, it can be concluded that Finafax Inc. most likely focuses on _____.

Answers

Answer:

relational coordination

Explanation:

Based on this description it seems that Finafax Inc. most likely focuses on relational coordination or RC for short. This term refers to a mutually reinforcing process of communicating and relating for the purpose of task integration. In other words, they focus on communicating and building work relationships in order to integrate tasks and increase efficiency in their workplace.

The labor demand curve shows how many workers the firm is willing to hire Group of answer choices at any given wage. into high-skill jobs. at a particular amount of labor supplied. when demand for the firm's output is low. at any particular time.

Answers

Answer:

at any given wage

Explanation:

The labour demand curve shows the number of workers that a firm is willing to hire at a given wage rate. The higher the wage, the lower the quantity of labour demanded and the lower the wage, the higher the number of workers hired. For this reason, the labour demand curve is downward sloping

Please check the attached image for a graph showing the labour demand curve

If William performs plumbing upgrades for Patricia in exchange for her incorporating his business, then their _________________________ will be satisfied.

Answers

Answer: double coincidence of wants

Explanation:

Coincidence of wants simply refers to a situation whereby two parties have something that the other person wants, therefore they then exchange the products they have. It should be noted that no financial compensation is involved. This simply has to do with trade by barter.

If William performs plumbing upgrades for Patricia in exchange for her incorporating his business, then their double coincidence of wants will be satisfied.

Suncoast Healthcare is planning to acquire a new x ray machine that costs $200,000. The business can either lease the machine using an operating lease or buy it using a loan from a local bank. Suncoast's balance sheet prior to acquiring the machine is a follows:
Current assets: $100,000 --- debt : $400,000
net fixed assets: $900,00 ---- equity: $ 600,000
total assets : $ 1,000,000 --- total claims: $1,000,000
a. what is Suncoast's current debt ratio?
b. what would the new debt ratio be if the machine were leased? if it iss purchased?
c. is the financial risk of the business different under the two asquistition alternatives?

Answers

Answer:

a. what is Suncoast's current debt ratio?

debt ratio = liabilities / equity = $400,000 / $600,000 = 0.67

b. what would the new debt ratio be if the machine were leased? if it is purchased?

if X-ray machine is leased, debt ratio = $400,000 / $600,000 = 0.67

if X-ray machine is purchased, debt ratio = $600,000 / $600,000 = 1

c. is the financial risk of the business different under the two acquisition alternatives?

yes, because a higher debt ratio means that the company is under a higher financial stress since it has more outstanding loans, which increases the financial risk.

An investor just purchased a rectangular 2-acre retail lot for $250 a frontage foot. If she paid $100,000 total, what was the depth of the lot

Answers

Answer:

The lot depth is 217.8

Explanation:

The total amount paid = $100000

The price of a lot = $250

Total frontage feet = 100000 / 250 = 400 frontage feet.

Now, we know that 1 acre = 43560 square feet

Therefore, 2 acres = 87120 square feet

Now, divide the 87120 with 400 to find the depth of the lot.

The lot depth = 87120 / 400 = 217.8

"The Bank of England is concerned that the British Pound is weakening against the U.S. Dollar. A method for the Bank of England to strengthen its currency would be to:"

Answers

Complete/Correct Question:

The Bank of England is concerned that the British Pound is weakening against the U.S. Dollar. A method for the Bank of England to strengthen its currency would be to:

A. raise British interest rate levels

B. lower British interest rate levels

C. raise U.S. interest rate levels

D. lower U.S. interest rate levels

Answer:

A, raise British interest rate levels

Explanation:

Increasing the interest rate levels of the British will help strengthen the pound against the Dollar. This would mean that the United States is offering lower interest rate.

This is possible because a higher interest rate means that lenders will make higher returns compared to countries with lower interest rates.

Cheers.  

When the individual labor supply curve is positively sloped, the _____ effect dominates and higher wages lead to _____ hours worked.

Answers

Answer: substitution; more

Explanation:

When the individual labor supply curve is positively sloped, the substitution effect dominates and higher wages lead to more hours worked.

Labor supply has to do with the hours that workers will like to work at a particular wage rate. A higher wage will typically make workers want to spend more hours to work and therefore the substitution effect simply meams that the labour supply curve will be positively sloped.

A special assessment creates a voluntary tax lien if:_______

a. all taxpayers in a taxing district have voted for it.
b. the affected property owners have requested the improvement.
c. a taxing entity initiates the assessment.
d. the improvement to be funded is for the general good.

Answers

Answer: the affected property owners have requested the improvement

Explanation:

A voluntary lien is simply a claim that an individual has over another individual's property as security which will be used for debt payment. It should be noted that liens are not attached to the person but the property.

A special assessment creates a voluntary tax lien if the affected property owners have requested the improvement.

__ describes competition between states and localities, where cutting social services lowers taxes, thereby attracting new businesses and the middle-class.

Answers

Answer:

race to the bottom

The cost system best suited to industries that manufacture a large number of identical units of commodities on a continuous basis is

Answers

Answer:

Process Costing

Explanation:

Process Costing allows so many units to be in production at the same time which are identical. The cost of each unit can be determined by calculating the average price using to total units produced.

When the demand for automobiles is high, the demand for workers who build automobiles is high. This relation between the market for automobiles and the market for the labor that builds automobiles is why demand in a factor market is called:_________

Answers

Answer:

Derived demand

Explanation:

Derived demand is the  demand for a factor of production  or an intermediate good used in the production of the final good.

If automobiles were not being produced, there would be no demand for labour. so, the demand for labour is dependent on the automobiles being produced. this is an example of derived demand.

AT Oils, a gas station, retails 30,000 gallons of petrol per year. Its ordering costs are $20 per order and holding costs are $40 per gallon. According to the economic order quantity (EOQ) model, approximately how often should the company place a fresh order for petrol

Answers

Answer:

The company should place an order every 2 days

Explanation:

The EOQ or economic order quantity is the quantity which minimizes the inventory related costs. The EOQ is calculated as follows,

EOQ = √(2 * D * O) / H

Where,

D is the annual demandO is the ordering cost per orderH is the holding cost per unit per year

EOQ = √(2 * 30000 * 20) / 40

EOQ = 173.2050808 gallons rounded off to 174 gallons

If the company orders using the EOQ, then at an annual demand of 30000 gallons, the number of times that company should order the EOQ is,

Number of orders = 30000 / 174 = 172.4137931 or 173 orders per year

If the company needs to order 173 times per year, the company should place an order every x number of days.

x = 365 / 173

x = 2.10982659 days rounded off to 2.11 days or every 2 days

o
What is not a key to building a sustainable business or dream?
O Monitoring the process
O Breaking the goal into manageable pieces
ODoing everything on your own
O Establishing a goal

Answers

3.Doing everything on your own.
It would be 3 I believe

Ethical principles in business A. deal chiefly with the actions and behaviors required to operate companies in a socially and environmentally responsible manner as dictated by government regulations. B. deal chiefly with the rules each company's top management and board of directors make about "what is right" and "what is wrong." C. are not materially different from ethical principles in general. D. are generally less stringent than the ethical principles for society at large. E. are generally more stringent than the ethical principles for society at large.

Answers

Answer:

C. are not materially different from ethical principles in general.

Explanation:

Ethical principles in business are not materially different from ethical principles in general.  They correspond to the protection of life, human dignity, freedom, human integrity, diversity, justice, etc.

In an organization, compliance with ethical principles is essential for the organization's survival. Through organizational ethics it is possible for the organizational culture to be based on respect for personal individualities, the values ​​of employees, mutual respect regardless of hierarchical position, etc.

An ethical company will have a stronger reputation and positioning in the internal and external environment, positively influencing the entire environment and society in general.

A ________ is a performance appraisal method that provides feedback from a panel that typically includes superiors, peers, and subordinates.

Answers

Answer:

360-degree feedback system

Explanation:

360-degree feedback system is a process through which feedback from an employee's subordinates, colleagues, and supervisor(s), as well as a self-evaluation by the employee themselves is gathered.

Like the CISSP, the SSCP certification is more applicable to the security__________ than to the security __________.
A) technician, manager
B) manager, engineer
C) manager, technician
D) technician, executive

Answers

C) manager, technician

Like the CISSP, the SSCP certification is more applicable to the security manager than to the security technician. Thus, option C is correct.

What is the role of security manager?

Security managers are responsible for managing all aspects of a company's asset protection, including employee and customer safety, inventory loss prevention, and theft prevention. These experts create and implement security standards and make sure that all employees of the organization abide by them.

As a security manager, you can be in charge of employing security personnel and managing a budget for security activities. Security managers may work in government agencies, privately owned companies, corporations, or retail establishments. Typically, experience and reputation within an organization allow security professionals to advance to the position of security manager. One day, a security manager may decide to start their own security business. In most cases, a high school diploma or GED is a minimum requirement.

Therefore, we can conclude that option C is correct.

Learn more about  role of security managers here:

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Being less dependent on suppliers and making profits on both parts and the final product are advantages of:_______.

Answers

Answer:

vertical intergrations

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