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2 years ago

6

What is the process that causes an increased flow of goods, services, capital, people, information, and ideas across national bo

rders?.

1 answer:

notka56 [123]2 years ago

8 0

Answer:

globalization is the correct answer

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A The management of Gresa Inc. is reevaluating the appropriateness of using its present inventory cost flow method, which is ave

Zepler [3.9K]

Answer:

Gresa Inc.

Comparative Condensed Income Statements for 2017

under FIFO and LIFO.

<u> FIFO LIFO</u>

Sales 1176450 1176450

Cost Of Goods Sold 660,400 657, 200

Gross Profit 516050 539,500

Operating Expense $ 150,000 $ 150,000

Income before Tax $ 366,050 $ 389500

Income Tax (30%) <u> $ 109815 $ 116850</u>

<u>Net Income $ 256235 $272650</u>

<em><u>Working :</u></em>

<em><u>Fifo Cost of Goods Sold= $ 10,000 + $168,000 + $ 150,000+ 156,000 + 176,400= </u></em>

<em><u>Lifo Cost of Goods Sold= $ 224,000 + 156,000+ $ 150,000+127,200</u></em>

Purchases were made quarterly as follows.

Quarter Units Unit Cost Total Cost

1 70,000 $2.40 $168,000

2 60,000 2.50 150,000

3 60,000 2.60 156,000

4 80,000 2.80 224,000

270,000 $698,000

Inventories Beginning (5,000 units) $10,000

Total net sales (253,000 units) $1,176,450

Ending (22,000 units)

Total cost of goods purchased (270,000 units) 698,000

3 0

3 years ago

Blanche, a minor, enters into a contract to buy two all-season passes from Chalet Mountain Resort. The contract will be made enf

WARRIOR [948]

Answer:

ratifies it

Explanation:

7 0

3 years ago

Two categories of expenses in merchandising companies are a. cost of goods sold and financing expenses. b. operating expenses an

expeople1 [14]

Answer:

Two categories of expenses in merchandising companies are c. cost of goods sold and operating expenses

Explanation:

Merchandising Companies will incur direct expenses related to their trading activities in relation to each of their sales and these are known as cost of goods sold. Cost of Goods Sold is an expense in the Trading Account.

However, the Merchandising Company will also incur other indirect expenses to maintain its trading and are not directly related to each sale of their merchandise. For example the cost of Administration Work and Depreciation of its equipment. These are known as Operating Expenses. Operating Expenses are expenses in the Profit and loss Account

4 0

4 years ago

Read 2 more answers

Ayala Inc. has conducted the following analysis related to its product lines, using a traditional costing system (volume-based)

Valentin [98]

Solution :

a). Operating the income using traditional costing system

Products Sales revenue($) Traditional($) Operating income($)

( A ) ( B ) ( A - B )

540X 198,200 54,440 143,760

137Y 158,700 49,090 109,610

249S 83,190 11,290 71,900

b). Operating income using the activity-based costing system

Products Sales revenue($) Traditional($) Operating income($)

( A ) ( B ) ( A - B )

540X 198,200 45,520 152,680

137Y 158,700 39,290 119,410

249S 83,190 30010 53,180

5 0

3 years ago

The particular market segment your company is trying to sell your products or services to is your _________

dolphi86 [110]

Answer:

Target Market

Explanation:

The target market is the people that a business has identified as potential buyers of its products and services. It is the group of customers that a business targets with its advertising messages. Therefore, the target market is that group of customers that a business expects to buy its products. A target market consists of existing and potential customers.

4 0

3 years ago