1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jenyasd209 [6]
1 year ago
7

Why are incidental costs sometimes ignored in inventory costing? Under what accounting constraint is this permitted?

Business
1 answer:
defon1 year ago
4 0

Incidental costs sometimes are ignored in inventory costing because  Incidental expenses are minor, non-budgeted expenses that are not directly related to primary service and do not arise during the normal course.  Incidental cost which include  the costs of transportation, meals, and lodging are common when an employee travels for business Inventory costs.

By calculating the most economic order quantity the firm attempts to determine the order size that will minimize the total inventory. Such practice of ignoring the incidental cost is permitted by materiality constraint because such cost will not affect the decisions of the business entity costs.

Materiality constraint means that transactions of little importance should not be recorded. A transaction may be recorded, but its importance and significance should be kept in mind. For example, a newly purchased pencil is an asset of the business. Whenever the pencil is used, a part of the asset is consumed.

TO learn more about  Incidental costs and Materiality constraint here

brainly.com/question/28178996

#SPJ4

You might be interested in
The first step to a successful value-driven marketing strategy is to determine whom to serve with a market offering. to make thi
PSYCHO15rus [73]

The two activities to serve with a market offering. to make this decision, marketers engage are segmenting and targeting.

Segmentation is the process of classifying the market into several accessible groups. Targeting is the process of focusing on a specific market segment in order to offer products from all market segments.

There are many ways to segment your target market. Geographic - By Country, Region, State, City, Neighborhood. Psychographic - by personality, risk aversion, values, or lifestyle.

Learn more about market offering here: brainly.com/question/25754149

#SPJ4

8 0
1 year ago
What determines if a buyer is satisfied or dissatisfied with a​ purchase?
Gala2k [10]
E. Weather or not the buyer experiences
7 0
3 years ago
Special interest group Q receives a 1/10,000th slice of the economic pie. Its net benefit from either an economic growth policy
Olin [163]

Answer:

(A) $500 million

(B) This type of analysis is used to show that Special Interest Groups tend to press the government for TRANSFERS instead of ECONOMIC GROWTH.

Explanation:

1/10,000 of the real GDP is = $50,000

RGDP = 50,000 ÷ 1/10,000

RGDP = 50,000 × 10,000 = $500,000,000

If special interest group Q would have to be indifferent (not care which policy is applied at the given time) between the 2 policies, then the economic growth policy would have to increase the size of the RGDP (the economic pie) by an amount sufficient enough for them to get their net benefit of $50,000.

The RGDP figure above ($500 million) is the amount by which RGDP (real gross domestic product) should grow, if Group Q will still get their net benefit when only the economic growth policy (EGP) is applied.

In this case, the EGP applied in place of the TP (transfer policy) would still fetch Group Q the minimum net benefit of $50,000

(B) This type of analysis is used to show that Special Interest Groups tend to press the government (policy makers and enforcers) for TRANSFERS instead of ECONOMIC GROWTH.

6 0
2 years ago
Many multinational companies have found that they need to alter their products to meet regulations or consumer preferences in ot
sladkih [1.3K]

Answer:

The correct answer is d) Sell single-serve packets of shampoo or soap at a low price.

Explanation:

When producing a product, companies usually take into account the population towards which it is directed and, through the needs of the client, carry out the products.

For example, in the case of multinational companies that export their products to countries such as Indonesia, Pakistan, and Sri Lanka, they observed that the prices of their products are not accessible to their customers due to the economic factor, so they must take other strategies.

Therefore, through the analysis made by the multinationals to these new products, they consider the sale of shampoo and soap at a more accessible price for the benefit of the clients and the company, so it can continue marketing.

<em>I hope this information can help you.</em>

4 0
2 years ago
On August 1, 2018, Trico Technologies, an aeronautic electronics company, borrows $21 million
NemiM [27]

Answer: First Bank Corp journal $

August 1 2018

1.Trico Dr 21m

Creditor Cr. 21m

Narration. Issuance 21m, 9%, 6 months promissory note to Trico

Dec 31 2018

2. Trico Dr. 1,890,000

Interest income Cr. 1,890,00

Narration Interest payable on promissory note to Trico

December 31 2018

3 Bank Dr22,890,000

Trico. Cr. 22,890,000

Narration. payment of promissory notes and interest due on maturity.

7 0
2 years ago
Other questions:
  • he Snella Company reports 2015 Pre-tax Net Income of $10,000. The following items exist:Premiums Paid for Key Officer Life Insur
    8·1 answer
  • What is the future value if the payments are invested with the first national bank which offers semiannual compounding?
    11·1 answer
  • What does it mean to capitalize interest
    5·1 answer
  • Knowledge Check 01 Melas Company changed from the LIFO to the FIFO inventory costing method on January 1, Year 3. Inventory valu
    10·1 answer
  • All of these are examples of subsidy except ____________________.
    11·2 answers
  • Workers in contributing to the common good is
    7·1 answer
  • If a Phillips curve shows that unemployment is high and inflation is low in the economy, then that economy:
    10·1 answer
  • Who benefits from the free market economy ​
    5·1 answer
  • A(n) _____ describes your core values and highest career goals.
    6·2 answers
  • Which of the following is an integral step in a pay-and-return scheme? A. Establish a shell company. B. Misappropriate the incom
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!