Of the following companies, which one would not likely employ the specific identification method for inventory costing?
A. Company that sells pianos
B. Farm dealership that sells tractors
C. Auto sales dealership
D. Hardware store

Answers

Answer 1

D. Hardware store is one would not likely employ the specific identification method for inventory costing.

About Specific Identification method

The Specific Identification method is one of the several methods used for inventory costing. This method is used for inventory that is expensive and easily distinguished.

Inventory that is either costly or can be easily identified is usually given unique identification like serial numbers or tags. This makes the identification of that particular item easy and hence helps in using the Specific identification method for inventory costing.

However, there are certain inventories that are difficult to be identified in this way. For example, groceries or stationery items which don't have unique identification. Thus, they require another method of inventory costing.

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Related Questions

each of the following entities has the power of eminent domain, except: select one: a. religious schools. b. railroads. c. public utilities. d. school districts.

Answers

Religious schools do not have the power of eminent domain. The method by which the government may hold private property with just compensation.

The method of eminent domain does not need owner's consent to hold private property by the government in lieu of some compensation . The Fifth Amendment includes eminent domain to ensure that the United States government can obtain assets that advantage the public good. As an example, suppose a town was in need of water and the only way to get it's through the property of a private property owner.

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The right of ________ allows an offeror to withdraw an offer before it is accepted

Answers

Answer:

The answer is redemption.

Explanation:

The right of Redemption allows an offeror to withdraw an offer before it is accepted

stop a foreclosure sale from taking place by paying off the mortgage debt n some states, this right can be exercised even if the lender has already re-sold the property

The gross domestic product (GDP) of the United States is defined as all in a given period of time. Based on this definition, indicate which of the following transactions will be included in (that is, directly increase) the GDP of the United States in 2017.
2017 GDP
Scenario Included Excluded
Tasty's, a U.S. fast-food company, produces a hamburger at one of its many St. Louis locations on January 18, 2017. It sells the hamburger to a customer that same day.
An owner of cherry tree in Califonia chop down and make a dining room table in 2017. A similar table sells for $800 in a local furniture store.
Graincorp, a U.S. agricultural company produces corn syrup at a plant in Iowa on September 19, 2017. It sells the corn syrup to Crunchy's for use in the production of cereal that will be made in the United States in 2017.
Calculo, a U.S. electronics company produces a calculator at a plant in Indonesia on March 4, 2017. Calculo imports the calculator into the United States on May 28, 2017.
Chocolate Express, a Swiss chocolate company, produces a chocolate bar at a plant in Illinois on December 12, 2017. An elementary school student buys the chocolate bar on December 24.

Answers

Answer:

Tasty's, a U.S. fast-food company, produces a hamburger at one of its many St. Louis locations on January 18, 2017. It sells the hamburger to a customer that same day. - Included, increases GDP.

The hamburger is included in U.S. GDP because the hamburger is a final good: it is a consumer good that is sold directly to the customer.

An owner of cherry tree in Califonia chop down and make a dining room table in 2017. A similar table sells for $800 in a local furniture store. - Not included.

The dining table is not included because the cherry tree owner made it for his own consumption, not to be sold.

Graincorp, a U.S. agricultural company produces corn syrup at a plant in Iowa on September 19, 2017. It sells the corn syrup to Crunchy's for use in the production of cereal that will be made in the United States in 2017. - included.

The value of the corn syrup will be included in the value of the cereal once the cereal is made, and because the cereal is a final good, it is indirectly part of GDP.

Calculo, a U.S. electronics company produces a calculator at a plant in Indonesia on March 4, 2017. Calculo imports the calculator into the United States on May 28, 2017. - not included

Imported goods are not part of GDP, because they are by definition, goods that are not produced domestically, and GDP only includes domestic production.

Chocolate Express, a Swiss chocolate company, produces a chocolate bar at a plant in Illinois on December 12, 2017. An elementary school student buys the chocolate bar on December 24.  - included

The Chocolate bar is included, even if it was produced by a Swiss Company. This is because the good was produced domestically, and is a consumer good, that is to say, a final good.

Answer:

What he said

Explanation:

The Allen Export Company ships sugar to many overseas ports. Over the years the company has stacked large bags of sugar onto pallets for shipping. Because of a lumber shortage, pallets for export have become very difficult to obtain. The management of Allen Export has presented the dock manager with the challenge of reducing the number of wooden pallets used and/or to find a new way to supplement or change their stevedoring system.

Answers

Answer:

Throughout the given scenario following are the points, should be achieved to reduce the pallet crisis.

Explanation:

The export business faces the above-mentioned issue of that same lack of wooden pallets towards distribution.

The tightly packed sugar bags might be utilized easily, allowing for easy release of pallets and therefore also available for several other reasons or uses.Rather than just being placed throughout pallets the enterprise should contain sugar bags in what seems like different warehouses.

don is negotiating for the labor union. today, he is presenting the evidence and papers that demonstrate the average wages in the area, the cost of healthcare for the average worker, and a pie graph demonstrating how these costs affect the new salary request. which phase of the negotiation process is don currently in?

Answers

Clarity and justification is the right answer. Collective bargaining refers to the process through which labor unions bargain or negotiate with their management or employers.

Collective bargaining allows union members to negotiate wages, benefits, working conditions, and employees' health and safety concerns based on the terms of employment.

Collective bargaining refers to the official procedure by which trade unions negotiate with employers on behalf of their members in respect of employees' terms and conditions of employment.

Collective bargaining could be used to negotiate a pay raise or a change in working hours.

Collective bargaining is classified into numerous categories, including composite concessionary, distributive, integrative, and productivity bargaining.

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swifty corporation recorded operating data for its cheap division for the year as follows sales $1400000 controllable margin 225000 total average assets 4500000 fixed costs 100000 swifty requires its return to be 10%. what is the roi for the year?

Answers

Based on the information provided, we can calculate the ROI (return on investment) for Swifty Corporation's cheap division for the year. Therefore, the ROI for Swifty Corporation's cheap division for the year is 2.78%.

ROI is calculated by dividing the controllable margin by the total average assets. Controllable margin is the amount of profit left over after deducting all variable costs that can be controlled by the division. Total average assets include all assets that were used by the division during the year. So, using the figures provided, we have:
Controllable margin = $225,000
Total average assets = $4,500,000
Fixed costs = $100,000
To calculate the ROI, we first need to calculate the division's income:
Income = Controllable margin - Fixed costs
Income = $225,000 - $100,000
Income = $125,000
Next, we can calculate the required return on investment:
Required return = Total average assets x Required rate of return
Required return = $4,500,000 x 10%
Required return = $450,000
Finally, we can calculate the ROI:
ROI = Income / Total average assets
ROI = $125,000 / $4,500,000
ROI = 0.0278 or 2.78%

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all of the brands that a consumer thinks of as potential solutions are known as the _____.

Answers

All of the brands that a consumer thinks of as potential solutions are known as the consideration set.

The term you're looking for is the "evoked set." All of the brands that a consumer thinks of as potential solutions are known as the evoked set. This refers to the group of brands that come to mind when a consumer is considering a purchase decision in a specific product category.

The consideration set represents the subset of brands that a consumer actively considers when making a purchasing decision within a particular product category. It consists of the brands that come to mind when a consumer is faced with a specific need or problem that requires a solution.

The composition of the consideration set can vary among consumers and is influenced by various factors such as individual preferences, past experiences, marketing efforts, word-of-mouth recommendations, and situational factors. Consumers typically consider brands that they perceive to be relevant, familiar, and capable of fulfilling their needs or desires.

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The owner of a number of gas stations is considering installing coffee machines in his gas stations. It will cost $260,000 to install the coffee machines, and they are expected to boost cash flows by $111,428 per year for their five-year working life. What must the cost of capital be if this investment has a profitability index of 1?.

Answers

The coffee machines will cost $260,000 to install and are estimated to increase cash flow by $111,428 per year over their five-year operational life. If this investment has profitability index of one, the cost of capital is 2.34%.

A machine is a physical system that uses power to apply forces and control movement in order to perform an action. The phrase is typically associated to manmade devices such as engines or motors, but it also refers to natural biological macromolecules such as molecular machines. Machines can be powered by animals and humans, natural forces such as wind and water, or chemical, thermal, or electrical power, and comprise a set of mechanisms that shape the actuator input to produce a certain application of output forces and movement. They can also include computers and sensors that monitor performance and plan movement, which are referred to as mechanical systems.

The six simple machines identified by Renaissance natural philosophers were the basic mechanisms that moved a load.

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Description of Transaction Type of Market Mr. and Mrs. Smith buy a new house in Walnut Creek, California. They paid the entire amount, $800,000, in cash.

Answers

Mr. and Mrs. Smith buy a new house in Walnut Creek, California. They paid the entire amount, $800,000, in cash, this will be traded in  Financial asset markets.

What is Financial asset markets?

A financial asset market is a place where a contractual right to a specific type of wealth can be purchased and sold. This is typically distinguished by the asset's liquidity, or how quickly it can be converted to cash, and includes financial assets such as savings and checking accounts, stocks and bonds, and mortgages.

One of the distinguishing characteristics of wealth traded on such a market is that it does not always have direct or linear ties to actual physical value, as in the case of land, jewellery, or art.

Trading environments for a financial asset market, such as a stock market or bond market, are prone to fluctuation due to a variety of seemingly unrelated market conditions.

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Complete question:

You are preparing to take an exam in your finance class, and you’ve been making flash cards on different markets and transactions. Indicate the markets in which each of the following transactions will be traded:

Description of Transaction Type of Market Mr. and Mrs. Smith buy a new house in Walnut Creek, California. They paid the entire amount, $800,000, in cash. Financial asset markets

how many tines in earth does the sun intersect equartor​

Answers

Answer:

два

Explanation:

Richard owns Scholars Apartment House. His ownership rights include the right to sell or give away the property without restriction, as well as to use the property for whatever purpose he sees fit. His ownership interest is

Answers

Based on his degree of ownership rights, then, his ownership interest is a fee simple absolute

Fee simple absolute means an absolute ownership of land whereby the owner may do whatever he chooses to do with the land.

Because of his ownership rights that include the right to sell or give away without restriction and to use the property for whatever purpose he sees fit, then, his ownership interest is a fee simple absolute

Therefore, the Option A is correct.

Missing Options includes "a. a fee simple absolute. b. an easement. c. the right to adverse possession. d. the power of eminent domain."

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the demand for bread is likely to be more elastic than the demand for solid-gold bread plates.

Answers

The statement " The demand for bread is likely to be more elastic than the demand for solid-gold bread plates." is true because bread is a necessity and a basic food item,  consumed by a wide range of people where as solid-gold bread plates are a luxury item, consumed by a smaller group of people.  

Elasticity of demand refers to the responsiveness of consumers to a change in price. Bread is a necessity and a basic food item that is consumed by a wide range of people, including those with low income. Therefore, a small change in price is likely to have a significant impact on the quantity demanded.

In contrast, solid-gold bread plates are a luxury item that is consumed by a smaller group of people with high income. The demand for such items is less responsive to a change in price as they are not essential goods. Hence, the demand for bread is likely to be more elastic than the demand for solid-gold bread plates.

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Complete Question:  

The demand for bread is likely to be more elastic than the demand for solid-gold bread plates.

a. True

b. False

Cycle Wholesaling sold merchandise on account, with terms n/60, to Sarah's Cycles on February 1 for $1,250 (cost of goods sold of $725). On February 9, Sarah's Cycles returned to Cycle Wholesaling one-quarter of the merchandise from February 1 (cost of goods returned was $195). Cycle Wholesaling uses a perpetual inventory system, and it allows returns only within 15 days of initial sale. Required:

Answers

Answer:

1. 1-Feb

Dr Accounts receivable 1,250

Cr Sales revenue 1,250

2 . 1-Feb

Dr Cost of goods sold 725

Cr Inventory 725

3. 9-Feb

Dr Sales revenue 312.50

Cr Accounts Receivable 312.50

4. 9-Feb

Dr inventory 195

Cr Cost of goods sold 195

5. 2-Mar

Dr Cash 937.50

Cr Accounts receivable 937.50

B. Gross profit percentage=43.47%

Explanation:

A. Preparation of the journal entries to record sales , goods return on February 9 and Cash collected on March 2

1 to 3 Preparation of the journal entries to record sales

1. 1-Feb

Dr Accounts receivable 1,250

Cr Sales revenue 1,250

2 . 1-Feb

Dr Cost of goods sold 725

Cr Inventory 725

3. 9-Feb

Dr Sales revenue 312.50

Cr Accounts Receivable 312.50

(1/4*1,250)

4. Preparation of the journal entry to record goods return on February 9

9-Feb

Dr inventory 195

Cr Cost of goods sold 195

5. Preparation of the journal entry to record collected on March 2

2-Mar

Dr Cash 937.50

Cr Accounts receivable 937.50

(1,250-312.50)

B. Calculation for the gross profit percentage for sales to Sarah's Cycles

First step is to find the gross profit

Net sales 937.50

Less Cost of goods sold (530)

(725-195 )

Gross profit 407.50

Now let calculate the Gross profit percentage using this formula

Gross profit percentage = Gross profit/Sales

Let plug in the formula

Gross profit percentage=407.50/937.50

Gross profit percentage=0.4347*100

Gross profit percentage=43.47%

What is an appropriate response when an interviewer asks what salary you are looking for
during your initial interview? Would the response change if you'd been given an offer?

Answers

Thank you I will gladly take the offer

A motorist from State A struck and injured a pedestrian in State B. The pedestrian, a State B resident, brought an action in a State B federal court against the State A motorist, seeking $100,000 in damages. The summons and complaint were served on a receptionist at the motorist's place of business in State A. State A's rules permit service of process in this manner, while State B's rules do not. If the motorist moves to dismiss the complaint on the basis of improper service of process, is the court likely to dismiss the action

Answers

Answer: C. No, because the federal rules permit service under the rules of the state in which service will be effected.

Explanation:

The case was filed in federal court so the rules regarding the service of the summons will be according to the rules of federal courts.

Rule 4 of the Federal Rules of Civil Procedure allows for the service of a summons to be based on the service rules of the state where the service is to be made. As the service was done in State A and State A allows service to be at defendant's place of business, proper procedure was followed and so the court will not dismiss the action.


What kind of location appears temporarily, and then disappears?

Answers

Answer:

pop up retail location

Explanation:

With reference to the IMDG code, explain your understanding of the terms ‘UN Number’, ‘trade name’ and ‘subsidiary risk’ in relation to dangerous goods.

Answers

In the context of the International Maritime Dangerous Goods (IMDG) Code, the terms "UN Number," "trade name," and "subsidiary risk" are relevant to the classification and identification of dangerous goods.

1. UN Number: UN Number stands for United Nations Number. It is a unique four-digit numeric identifier assigned to specific dangerous substances or articles. The UN Number provides a standardized identification system for hazardous materials during transportation, ensuring proper handling, storage, and emergency response. Each UN Number corresponds to a specific substance or article, and it helps in identifying the nature and hazards associated with the material.

2. Trade Name: Trade name refers to the commercial or brand name of a product. In the context of dangerous goods, the trade name is the name given to a particular hazardous substance or article by the manufacturer or supplier. It may differ from the chemical or technical name of the substance but serves as a recognizable name in commerce.

3. Subsidiary Risk: Subsidiary risk refers to additional hazards associated with a dangerous good apart from its main hazard. Some dangerous goods may possess multiple hazards, and subsidiary risks help in identifying and communicating these additional hazards. The IMDG Code provides specific classification criteria for subsidiary risks, which are indicated by assigned codes and labels on the packaging and documentation.

In the context of the International Maritime Dangerous Goods (IMDG) Code, the terms "UN Number," "trade name," and "subsidiary risk" are relevant to the classification and identification of dangerous goods.

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Activities involve purchasing goods from suppliers, designing and manufacturing products, and selling products to customers.

Answers

Operating activities involve purchasing goods form suppliers , designing and manufacturing products , and selling products to customers .

What is GDP? What is the current GDP of the United States? What is the current GDP of China? When do you think China will surpass the US in GDP or will they ever?

Answers

Answer:

1. The GDP is the total of all value added created in an economy. The value added means the value of goods and services that have been produced minus the value of the goods and services needed to produce them, the so called intermediate consumption.

2. 20.94 trillion USD (2020)

3. 14.72 trillion USD (2020)

how many questions are on the math section of the ACT test

Answers

Answer:

isnt it usually 60?

Explanation:

i think sure 60
step-by-step

you are a team leader in charge of six employees. when would you be wise to make fun of a negative situation?

Answers

Employee effort and productivity increase as a result of receiving greater attention from management, coworkers, and customers.

Which actions are typical of group members in the fourth stage of their development?

The fourth stage is characterized by dependency in interpersonal interactions and problem-solving in the context of task-related activities. The team should be working at its peak efficiency by this point. The need for collective approval is no longer necessary because each member is now self-assured.

What exactly is the Hawthorne experiment's primary goal?

The most well-known experiment examined whether altering the quantity of light that workers got would affect how productive they were when working shifts.

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Why is a brand important to a business?

Answers

good branding increases the value of a company, provides employees with direction and motivation, and makes acquiring new customers easier.


Hurry up and help…..

Hurry up and help..

Answers

Answer:

1. A luxury brand of automobile that appeals to peoples need for prestige. psychographic segmentacion

2. a company marking their range of raincoats and umbrellas just before the onset of spring. geographic segmentation

3. a company marketing its kitchen appliances to affluent woman. demographic segmentation

4. a gym offering annual memberships to regular customers at cheaper rates with added benefits. behavioral segmentation

He already answered it

What is an example of a taste changing that causes an increase in demand? Show this on a graph.

Answers

An example of a taste change that causes an increase in demand will be best observed as the promotion of any product done by any celebrity.

What is demand?

When the willingness of an individual to buy any product is increased it gives rise to the demand. This willingness will shift with a change in the price or quality.

If a good is in higher or lower demand, a number of things play a role. This includes the price of the product, how well buyers respond to it, the amount of money spent on product advertising, and so forth.

The demand curve shifts as consumer preferences change. The demand curve moves to the right as consumer preferences shift and they come to like a product greater.

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why is training important for a good job?plz answer​

Answers

the employee who receives the necessary training is more able to perform in their job. ... A training program allows you to strengthen those skills that each employee needs to improve. A development program brings all employees to a higher level so they all have similar skills and knowledge.
Advantages of training

Increased job satisfaction and morale among employees.
Increased employee motivation.
Increased efficiencies in processes, resulting in financial gain.
Increased capacity to adopt new technologies and methods.
Increased innovation in strategies and products.

The ratio of the price of two goods on a graphed budget line is measured by its:.

Answers

There are lines in budget. The ratio of the price of two goods on a graphed budget line is measured by the slope of the budget.

What is a budget line

This is regarded as a two-dimensional graph that shows the various choices one have between two goods given the money one have to spend. It is also known as budget constraint.

The ratio of the price of good X that is found on the horizontal axis to the price of good Y on the vertical axis is known as the slope of the budget.

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What is the major advantage corporations have over other business entities? A) It is easier for a corporation to raise capital than other forms of businesses. B) A corporation is treated as a separate legal entity for tax and legal purposes. C) A corporation's shares can be freely traded among its shareholders.
D) All of the above are advantages that a corporation has over other business forms.

Answers

A corporation exists independently of its owners. Funds may be raised by offering shares or bonds to the general public. (Option D)

What distinguishes corporations from other business entities?

A corporation's owners are not considered to be part of it legally. According to Aliya Ramji, it has "the major benefit of reducing the personal accountability of its directors towards the company's creditors." For instance, a corporation's shareholders are not responsible for its debts in business entity.

What is the biggest benefit for firms in the business world?

The fact that owners of businesses often have limited liability protection and are not held personally liable for commercial debts is one of their key advantages. This implies that your home or vehicle cannot be used as collateral to satisfy business debts.

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Consider a second hand car market where three types of cars are being sold: High quality (H), medium quality (M) and low quality (L). Sellers value an H at $2000, an M at $1200 and an L at $800, whereas buyers value an H at $1800, an M at $1600 and an L at $1400. As discussed in the "Akerloff's Lemons Market", sellers are able to distinguish between different quality cars but buyers are not and a buyer believes that in this market 40% of the cars is an H, 30% of the cars is an M and 30% of the cars is an L. a) Determine which type of cars will be sold at the efficient allocation. b) Determine which type of cars will be sold at the market equilibrium.

Answers

Answer:

a) Determine which type of cars will be sold at the efficient allocation.

All cars would be sold in a Pareto efficient allocation.

In a Pareto efficient market, resources are all allocated in teh most efficient possible way. This is the reason why this is just a theoretical concept that does not necessarily apply in real life.

b) Determine which type of cars will be sold at the market equilibrium.

Since consumers are only willing to pay up to $1,620 for a used car, only medium quality and low quality cars will be sold. The price of high quality used cars is higher than the equilibrium price.

Explanation:

the most a buyer would be willing to pay for a used car is ($1,800 x 40%) + ($1,600 x 30%) + ($1,400 x 30%) = $720 + $480 + $420 = $1,620

Describe a situation in which you were able to clearly frame a problem, identify and collect the necessary data, and make recommendations for solving the problem.

Answers

Solving any problems related to money, customer billing, accounting, and bookkeeping

I usually start by doing research or looking at instances of how this subject has been solved by others when I'm faced with a challenge. I can choose the problem-solving strategy that will work best for me and the organization based on the research I've done. Addressing any financial issues, including those with client billing, accounting, and bookkeeping. figuring out a strategy to increase the company's profit by introducing new services or products, new pricing strategies, promotion and sale concepts, etc.

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Any four point benefits of reuse?​

Answers

Prevents pollution caused by reducing the need to harvest new raw materials.

Saves energy.

Reduces greenhouse gas emissions that contribute to global climate change.

Helps sustain the environment for future generations.

Hope it helps!

Answer:

The four benefits of reuse are

we can use the same things again.

we can conserve environment.

we can balance eco-system.

we can be away from pollution.

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