Answer:
a. The value of inventory declines below cost.
Explanation:
- The inventory values are the total cost of the value calculated at the ends of the inventory accounting period and the market value is compared by the lowering of the inventory costs.
- For each type of the item the net realized values cause a loss in the values of the inventory which needs to be recognized.
Answer:
Oligopoly
Explanation:
An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.
Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.
The characteristics of an oligopolistic market structure are;
I. Mutual interdependence between the firms.
II. It's a market that is typically controlled by many small firms.
III. Difficult entry to new firms.
In this scenario, four major breakfast cereal companies share a majority of the cereal market (identical or similar products) such as Kellogg, Post, General Mills, and Quaker. Thus, this is an example of an oligopoly.
The job education that he would most likely be qualified without a complete bachelor's degree is a kindergarten teacher because this is usually a job that can be taken upon even if an individual is only a graduate of high school because they have the basic knowledge that they need in means of teaching a children at the kindergarten.
Answer:
d. $72.41 per setup
Explanation:
The computation of the activity rate for the machine setup activity pool is as follows;
The Activity rate for the Machine setups activity cost pool is
= Estimated overhead cost ÷ Total machine setup
= $50,687 ÷ 700
= $72.41 per setups
Hence, the activity rate for the machine setup activity pool is $72.41 per setup
Therefore the option d is correct
Answer:
D. It suggests that it is important to view internal control as an end product as contrasted to a process or means to obtain an end.
Explanation:
Internal control is a process which is effected by an entity's board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives.