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stira [4]
2 years ago
10

The weighted average cost method uses the Blank______ cost for Cost of Goods Sold on the income statement and the Blank______ co

st for Inventory on the balance sheet. Multiple choice question.
Business
2 answers:
lions [1.4K]2 years ago
7 0

The weighted average cost method uses the weighted average cost for the cost of goods sold on the income statement and the weighted average cost for inventory.

<h3>What is the cost of goods sold?</h3>

The cost of goods sold refers to the carrying value of goods sold for a particular period.

The weighted average cost method uses the weighted average cost for the cost of goods sold on the income statement and the weighted average cost for inventory on the balance sheet.

Learn more about the cost of goods sold here:

brainly.com/question/24561653

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professor190 [17]2 years ago
4 0

The weighted average cost method uses the financing cost for Cost of Goods Sold on the income statement and the total cost for Inventory on the balance sheet.

What is the weighted average cost?

This can be referred to mean the calculated cost of capital of a firm where all of the capital is weighted in a proportional manner.

The whole sources of this capital are known to be used when carrying out this calculation.

Read more on Weighted average cost here: brainly.com/question/8287701

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At the beginning of the current year, Penguin Corporation (a calendar year taxpayer) has accumulated E &amp; P of $55,000. Durin
lakkis [162]

Answer:Of the $40,000 distribution, ....$28,000....................... is taxed as a dividend and $12,000...................represents a return of capital.

Explanation:

we will first compute dividend income for Holly

Loss  from  operations in the year =$36,000

Loss accrued till October 1st, since it accrues ratably  

January - September= 9 months

36,000 x 9/12 = $27,000                                                

But E&P at start of the year = $55,000

Therefore, E&P at October 1st = $55,000- $27,000 = $28,000

The remaining balance. $28,000 after the losses accrued have been deducted will be treated as dividend income

From the statement, the total cash distributed to Holly is $40,000,

$28,000 as calculated from above Is taxed as a dividend and $12,000 ( $40,000- $28,000) represents a return of capital.

3 0
3 years ago
Identify factors that could prevent an older, established company from effecting an enterprise-wide, customer-centric culture.
leva [86]

Answer:

A more established company may find it difficult to implement an enterprise-wide, customer-centric culture due to the following reasons:

A) Existence of a Multi-Product Business Model

A business entity that is well established with a lot of years under its belt will find it a tough challenge to shift from a product-oriented business model to a customer-oriented business model.

To be product-focused simply means that that a company has woven its organisational structure around products. For examples, a company that is into the gaming business may have teams for their Sports Betting Section, another for their online gaming section, game hardware section, gaming apps section etc.

First, for these various teams, their performance metric will largely depend on how functionally efficient their products are.  

Second, techy or geeky staff are seldom efficient when it comes to emotional intelligence - a key requirement for being customer efficient.

One way to handle this is to ensure that there is a central Customer Relationship Management team that oversees the customers for each product.

B) Organisational Inflexibility

As direct to the point as it sounds, getting market intelligence for with the intention to use them for decision making is challenging. What is tougher is the ability to implement the insights from such intelligence to effect a turn around in the way customers perceive and respond to a company's offerings.

The ability to quickly take gather market intel, agree on a strategic direction based on same and execute can be referred to organisational agility.  

The more bureaucratic and hierarchical an organisation is (this, by the way, characterises older and more established business systems) the less agile it is likely to be.

Cheers!

   

3 0
4 years ago
Spencer has an investment in two parcels of vacant land. parcel 1 is a capital asset and parcel 2 is a § 1231 asset. spencer alr
Anuta_ua [19.1K]
I'm so sorry I don't know hopefully someone will help u
8 0
4 years ago
How does manufacturing create the multiplier effect?
MrRissso [65]

Answer:

For every $1.00 spent in manufacturing, another $2.79 is added to the economy

Explanation:

hope this helps

4 0
2 years ago
A taxing jurisdiction has a mill rate of 14.7. what is an owner’s tax bill if his assessed value is $250,000?
zysi [14]

A taxing jurisdiction has a mill rate of 14.7. the owner’s tax bill would be $3,675.00. Over 55,000 jurisdictions make up the United States. The taxing authority that imposes the tax is known as a jurisdiction. A tax jurisdiction code is used to identify each jurisdiction.

The place where the transaction will be taxed is specified by this code. The tax jurisdiction code is a key that, along with the tax code and other factors, defines the tax amount and how the total tax amount is split between the several taxing authorities for payment. For calculating procedure TAXUSJ,

The system can handle up to four jurisdiction levels, and for TAXUSX, up to six jurisdiction levels. Each level of jurisdiction has a unique jurisdiction code.

To learn more about taxing jurisdiction , click here

brainly.com/question/14179714

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5 0
2 years ago
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