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4 years ago

True or false?

Business

1 answer:

IRISSAK [1]4 years ago

8 0

Answer:

The statement is: True.

Explanation:

A competitive advantage is an advantage an individual, organization or country has over its competitors. That competitive advantage can be a comparative advantage when the entity has found a way to implement lower opportunity costs in its production process or a differential advantage if the firm provides a product or service with a unique feature difficult to replicate by competitors.

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At the beginning of 2015, bryers incorporated reports inventory of $6,500. during 2015, the company purchases additional invento

Kruka [31]

Cost of goods sold=
beginning inventory+purchase-ending inventory

cost of goods sold
=6,500+21,500−8,500
=19,500

5 0

4 years ago

Read 2 more answers

Internal users of financial information: Multiple Choice Are not directly involved in operating a company. Are those individuals

Fudgin [204]

Internal users of financial information Are those individuals involved in managing and operating the company.

Answer: Option (B) is correct.

Explanation:

Internal users are people inside the organization. Internal users of financial information are those who are directly involved in managing and operating the organization. They make use of the information to improve the efficiency and effectiveness of an organization.

Internal users consist of all managers like purchase managers, human resource managers, marketing managers, service managers, etc. it consists of employees and the owner of a concern. Internal users take various important decisions based on financial information.

3 0

4 years ago

Baker traded a building used in her business for some new land. Baker originally purchased the building for $50,000 and it had a

Fittoniya [83]

Answer:

The adjusted basis in the land after the exchange=-$10,000, meaning Baker realized a loss of $10,000 from the exchange

Explanation:

Step 1: Determine the initial loss/gain in value of the building

initial loss/gain=original purchase price-adjusted basis

where;

original purchase price=$50,000

adjusted basis=$30,000

replacing;

initial loss/gain=50,000-30,000=$20,000

initial loss in value=-$20,000

Step 2: Determine the loss or gain from the exchange

loss/gain=35,000-30,000=$15,000

gain=$15,000

Step 3: Determine other additional costs

Costs=loss=-$5,000

Step 4: Determine the net gain/loss

net gain/loss=-20,000+(15,000)+(-5,000)=-$10,000

The adjusted basis in the land after the exchange=-$10,000, meaning Baker realized a loss of $10,000 from the exchange

8 0

4 years ago

The term given to units that represents the number of completed units that is equal, in terms of production inputs, to a given n

SIZIF [17.4K]

Answer:

The answer is EQUIVALENT UNITS (not included as an option).

Explanation:

Equivalent units are the complete units that could have been produced or manufactured during a period of time given the amount of manufacturing inputs (materials, labor) used.

For example, we have 100 nits that are 40% completed in relation to direct labor and direct materials, we could say that we have 40 equivalent units.

4 0

3 years ago

On August 15, it sold 30 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after

kirill [66]

Answer: $210

Explanation:

When using the First In First Out (FIFO) method of Inventory Valuation, the company sells the goods that it acquired earliest first and then sells the goods acquired later last.

This company sold 30 units on August 15.

That would mean that using FIFO, the company sold all of its August opening inventory of 15 units. It also sold all 10 units purchased on August 5th and then sold 5 units from the August 12th purchase of 20 units.

= 15 + 10 + 5

= 30 units

This means that the only units left are;

= 20 - 5

= 15 units of the August 12th purchase are left.

Units cost $14 each.

Value of Inventory after sale = 15 units * 14

= $210

6 0

3 years ago