Answer:
D. Cost of Goods Sold
Explanation:
The cost of goods sold or simply COGS is a numerical representation of the direct expenses incurred in manufacturing products sold to customers in a period. It is the aggregate of direct labor, direct materials, and overheads used in the production process. COGS apply to manufacturing firms and companies that handle physical goods.
The COGS is deducted from the sales revenue to give the gross profit. Calculating the COGS involves adding the purchases or goods manufactured to the beginning inventory. Ending inventory is deducted from the total to provide the COGS. As per the formula, the COGS does not apply to the service industry.
Answer:
The correct answer is letter "A": total value from trade in a market.
Explanation:
Canadian economist Alex Tabarrok (born in 1966) explains social surplus as the sum of consumer surplus, producer surplus, and bystanders surplus. Tabarrok takes an integrative approach in consumer surplus by stating <em>social surplus encompasses every economic trade in the market rather than only consumers and producers surplus.</em>
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Besides, Tabarrok believes when there are major external costs or benefits, the market will not reach its social surplus.
The machine's second year depreciation expense is $3,200.
Depreciation is a method that is used to expense the cost of an asset. The units-of-production depreciation method determines the depreciation expense based on the units of goods that the machine produces in a given year.
Unit of production depreciation expense = (unit of goods produced in year 2 / total units the machine can produce) x (cost of the asset - salvage value)
Total units the machine can produce = 1500 + 1250 + 1000 = 3750
(1000 / 3750) x ($15,000 - $3,000) = $3,200
A similar question was answered here: brainly.com/question/15858628?referrer=searchResults
Answer:
The best way for Professor Fader to pick the Salesperson of the Month is to measure the change in <u>total customer lifetime value</u> for that month delivered and give the award to the salesperson with the highest points.
Explanation:
Total Customer Lifetime Value (CLV) refers to the total value delivered by a customer over a particular period not just in the number of purchases they have made. A customer's value also includes, but is not limited to:
The formula for calculating CLV is by:
(Annual Customer Revenue X Lenth of Relationship in Years) - (Total costs of acquiring plus Total Cost of Serving the customer)
or
(ACR x LR)-(TCA+TCS) = CLV
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Answer:
Inventory status of “Limited Stock” means that the retailer is reporting an item quantity of 1 on hand. This last remaining unit is oftentimes a display model of the product and therefore may not be available for sale. Occasionally a retailer may indicate "Limited Stock" for high demand items as well.
Explanation:
