All categories

3 years ago

For the current year, Hodges Department Store reported the following data:

Business

1 answer:

Ostrovityanka [42]3 years ago

5 0

Using the lower-of-cost-or-market rule, what is the cost of goods sold for Hodges is: C. $989,020.

Using this formula

Cost of goods sold=Goods available for sale-Inventory balance

Where:

Goods available for sale=$1,074,450

Inventory balance=$85,430

Let plug in the formula

Cost of good sold=$1,074,450-$85,430

Cost of good sold=$989,020

Inconclusion Using the lower-of-cost-or-market rule, what is the cost of goods sold for Hodges is: C. $989,020.

Learn more about Cost of good sold here:brainly.com/question/24561653

You might be interested in

Which of the following is correct regarding expectancy theory? Group of answer choices Effort is only useful in improving motiva

madam [21]

"An effort is only useful in improving motivation levels in employees with specialized jobs" is correct regarding expectancy theory.

<h3>What is expectancy theory?</h3>

Victor Vroom of the Yale School of Management put forth the expectation hypothesis in 1964. According to the expectation theory, a person's motivation is determined by their level of desire for a reward, their assessment of the likelihood that their efforts will result in the expected performance (Expectancy), and their conviction that their efforts will pay off once they meet their expectations (Instrumentality).

Expectancy is the conviction that stronger efforts will yield better results. Expectations are affected by things like having the necessary skills to do the job, having access to the resources you need, being able to receive the information you need, and receiving the necessary support to get the task done.

Learn more about expectancy theory here:

brainly.com/question/12982959

#SPJ4

5 0

2 years ago

An electronics firm sells four models of stereo receivers, three amplifiers, and six speaker brands. When the three types of com

aleksklad [387]

Answer:

Explanation:

Given that a system is formed when the three types of components are sold together, the different systems the electronics firm can offer will be limited to the least number available from any of the components that make up a system.

As such, given that the electronics firm sells four models of stereo receivers, three amplifiers, and six speaker brands. The least number of a component of the system available is 3, being the number of amplifiers.

Therefore, the firm can only sell 3 different systems.

5 0

3 years ago

How does a consumers right to be heard affect the producers of the goods they buy? List some examples.

Norma-Jean [14]

Answer:

It allows producer to collect data to understand consumers demand.

Explanation:

The right to be heard allow consumers to give their opinion about various features that they like or dislikes.

By gathering this information , the producers of the good can make adjustment in order to make their product become more desirable within their consumer base.

Examples:

- Let's say that customers bought a certain game. They want additional gameplay to be added within the game in order to make the game more fun. The developer could add that in their next update in order to enhance their customers' experience.

- Or Let's say that the producers sells various types of instant noodles. The data from the customers showed that a certain type of flavour tend to be dislike an unpopular among customers. the producer could stop the production of that flavour and cut off their cost of production.

4 0

3 years ago

Matt sells bikes at a local discount store. To encourage Bob to buy a more expensive model than he originally contemplated, Matt

andrew11 [14]

Answer:

false

Explanation:

5 0

4 years ago

Marketing managers need to consider many factors to find the best way of communication and budget allocation decisions. During t

cestrela7 [59]

Answer:

a. True

Explanation:

In the case to find the best way of communication and the decisions regarding the allocation of the budget, the managers are required to considered various factors. In the decision process, the companies considered the audience, promotion objective, media, budget and the product characteristic i.e. why it is purchased by the consumer etc

So the given statement is true

As while taking the decisions the above things are relevant

5 0

3 years ago