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finlep [7]
1 year ago
9

the purpose of tracing a sample of inventory tags to a client's computerized listing of inventory items is to determine whether

the inventory items represented by tags were included on the listing. included on the listing were properly counted. represented by tags were reduced to lower of cost or market. included in the listing were properly valued.
Business
1 answer:
olga2289 [7]1 year ago
5 0

To check whether the inventory items match up with a client's computerized listing of inventory items, a sample of inventory tags is traced to it. The fact that the items counted and noted on the tags were also noted in the inventory list is demonstrated by tracing the tags to the inventory listing. This is the statement of completeness.

An inventory item, put simply, is a company's stock of finished products or the raw ingredients used to make those products. The stage of production for an item will decide which inventory category it is counted in: raw materials, works-in-progress, or finished goods. This article will refer to sellable inventory. Maintenance, repair, and operation (MRO) inventory is a type of non-sellable stock that is required for production but isn't a component of final items.

Inventory item are often tangible assets that businesses can count and measure. As an illustration, a bakery might put in its inventory all the components required to make its baked goods, such as flour, sugar, yeast, salt, and milk. Capital equipment, not inventory, including baking trays and ovens.

Learn more about inventory item here

brainly.com/question/20381922

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The costs and revenues associated with two alternatives are listed below:
Fudgin [204]

Answer:

The correct option is A,alternative 2 because it has a higher profit

Explanation:

The profit analysis of both alternatives is done below:

                                                Alternative 1         Alternative 2

Projected revenue                   $100,000             $125,000

Costs:

unit level costs                         $20,000                $30,000

Batch-level costs                      $20,000                $25,000

Product-level costs                   $15,000                 $15,000

facility-level costs                     $10,000                  $10,000

total costs                                  $65,000                 $80,000

Profit(revenue-total costs)        $35,000                 $45,000

The correct answer is option A,as option 2 has a higher profit of $45,000 compared to alternative 1 of $35,000

6 0
3 years ago
Inventory records for Herb's Chemicals revealed the following: March 1, 2016, inventory: 1,000 gallons @ $7.20 = $7,200 Purchase
amid [387]

Answer:

correct option is A. $5,087

Explanation:

given data

March 1, 2016, inventory: 1,000 gallons @ $7.20 = $7,200

Purchases                                        amount                 Sales  

Mar. 10               600 gals @ $7.25      4350          Mar. 5 400 gals

Mar. 16               800 gals @ $7.30       5840          Mar. 14 700 gals

Mar. 23              600 gals @ $7.35        4410          Mar. 20 500 gals

                                                                                    Mar. 26   700 gals

total                         3000 @7.267          21800

cost of good sold   2300 @ 7.267         16714

so

balance is =  3000 - 2300 = 700 @ 7.267

ending inventory is $5087

so correct option is A. $5,087

7 0
3 years ago
If the Canadian dollar is strengthening, then:
Rainbow [258]

Answer:

The correct answer is (D) it has appreciated in terms of other currencies.

Explanation:

Currency appreciation is the increase in the value of a country's currency with respect to one or more foreign reference currencies, which normally occurs in a floating exchange system.

The reasons that can make a currency or currency appreciate are diverse and usually related to a high demand for it. For example, the consideration of a currency as a low risk of depreciation or a very high level of exports of a country (the demand for the currency to pay for exports will increase) are causes that give rise to the appreciation of a currency.

7 0
3 years ago
Taking a college course and recieving both high school and college credit is called?
Dmitry_Shevchenko [17]

Answer:

dual enrollment

Explanation:

8 0
3 years ago
true or false? because trade raises the amount that an economy can produce by letting firms and workers play to their comparativ
Murrr4er [49]

False. As trade will also cause the average level of wages in an economy to rise and not fall.

<h3>The relationship between free trade and wages</h3>

Free trade results in an increase in all factor incomes, including wages, interest rates, profits, and rents, which raises GDP and makes more money available for company investment, which boosts global trade.

Trade will increase the average pay level in an economy because it increases the amount that an economy can produce by allowing businesses and workers to take use of their comparative advantages.

Therefore, employers will value employees who can create more, which will cause the demand for their labor to move to the right and raise earnings in the labor market. Contrarily, trade restrictions will cause an economy's average pay level to decline.

Learn more about trade from;

brainly.com/question/5719305

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4 0
1 year ago
Read 2 more answers
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