Finished goods is often an example of independent inventory.
What do you mean through independent inventory?
An inventory of an object is said to be falling into the category of independent inventory whilst the demand for such an object isn't always based upon the demand for some other object. completed items objects, that are ordered by using external customers or synthetic for stock and sale, are called independent inventory for objects.
What is the difference among independent inventory and structured inventory?
Information this distinction is crucial as the complete inventory policy for an object is based totally on this. Independent inventory is demand for a completed product, such as a pc, a bicycle, or a pizza. established demand, alternatively, is demand for thing components or subassemblies.
What's independent inventory method?
The independent inventory takes place by using the request of clients for merchandise, kit merchandise, provider elements. This call for additionally in my view and independently takes place for each object, and has no dating with different gadgets. consequently it's miles used as it's far to setup the manufacturing plan.
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Answer: $750,000
Explanation:
Given that,
Fixed price contract = $10,000,000
Cost incurred in the first year = $3,000,000
Remaining costs to complete = $5,000,000
Tullis billed = $4,000,000 in year 1
Collected by the end of the year = $3,500,000
Percentage of work completed = 
= 
= 37.5%
Revenue recognized = 37.5% of $10,000,000
= $3,750,000
Income recognized = Revenue recognized - Cost incurred in the first year
= $3,750,000 - $3,000,000
= $750,000
Answer:
The united states are the third-largest country in the world is bigger than most countries so there are a lot more land resources and that also means that there is a big population, unlike other countries, where it has less workforce. There are also some goods and service output including vegetables & fruit.
Explanation:
I hope that helps?
Answer:
The cost of underestimating the expenses is $240.
Explanation:
A flexible benefits program can be described as a spending plan in which an employee agrees to a lower cash compensation when the employer has also agreed to pay some costs which the employer can pay without the need for the employee to recognize gross income. Therefore, the medical expenses of the employee for the next year will be estimated by the employee and he or she will accept a deduction equal to the estimated expenses from his or her salary.
From the question, the following are given:
Amount put into flexible benefits account by Rosa = $4,000
Rosa's Actual expenses = $5,000
Marginal tax rate = 24%
Therefore, we have:
Amount by which the account is underestimated by Rosa = Rosa's Actual expenses - Amount put into flexible benefits account by Rosa = $5,000 - $4,000 = $1,000
Rosa's cost of underestimating the expenses = Amount by which the account is underestimated by Rosa * Marginal tax rate = $1,000 * 24% = $240
Therefore, the cost of underestimating the expenses is $240.
