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4 years ago

A firm organized on the basis of retail customers and wholesale customers utilizes the concept of departmentalization by

Business

1 answer:

lilavasa [31]4 years ago

3 0

Answer:

Customer

Explanation:

In customer departmentalization, departments are basically separated from each other based on the types or groups of customers that needs to be handled or dealt with. For instance, customers can be classified under types such as, bulk purchasing or wholesale customers, retail customers, etc.

To handle them in a better way each group of customers needs different tactics and strategies. Therefore, customer deparmentalization serves the purpose of the firm that is organized on the basis of retail customers and wholesame customers.

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Why is decsion necessary

inysia [295]

Do you mean decision?

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3 years ago

Katangian ng mega sardines

Deffense [45]

Answer:

The day I was in the shower and I will be there at remove the

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3 years ago

All of the following are reasons to use an estimated method of costing inventory except: A. perpetual inventory records are not

morpeh [17]

Answer:

The answer is: B) purchase records are not maintained.

Explanation:

There are two methods for estimating inventory costs:

Gross Profit Method : uses the information from the income statement. If operating conditions remain similar, the proportion between total sales, profits and COGS should be similar (lets say profit is 30% and COGS is 70% of total sales). You can estimate your inventory costs by using the information on total sales.
Retail Method: It is used mostly by merchandising firms (retailers) that have consistent mark-ups. You have to determine the proportion between cost and retail price (lets say the COGS is 80% of the retail price). Then if you are given the retail inventory, you can determine the COGS using the proportion determined previously.

8 0

3 years ago

As trade becomes more widespread, specialization __________, which in turn ________ productivity.

Irina18 [472]

As trade becomes more widespread, specialization increases, which in turn increases productivity.

The aggregate impacts of specialization on the economy are huge in nature. Generally, people who are specialized in a particular field develop new techniques and technologies which leads to huge increases in productivity.

Increased specialization again leads to higher standards of living for all those persons who are involved in economic exchanges.

An individual is considered to become economically specialized when he focuses on his productive efforts.

To know more about specialization here:

brainly.com/question/3722777

#SPJ4

6 0

2 years ago

Radford Inc. manufactures a sugar product by a continuous process, involving three production departments-Refining, Sifting, and

Leni [432]

Answer: Please find answers in explanation column

Explanation:

To record flow of cost of raw materials

Account Debit Credit

1) Work in process-Refining department $385,000

Raw Materials $385,000

To record flow of labour cost

Account Debit Credit

2) Work in process-Refining department $143,000

Wages payable $143,000

To record applied factory overhead

Account Debit Credit

3) Work in process-Refining department $99,000

factory overhead-refining department $99,000

Entry to record the transfer of production costs to the second department, Sifting.

Account Debit Credit

4) Work in process-Sifting department $626,800

Work in process-Refining department $626,800

calculation

Beginning work in process + raw material + wages payable + factory overhead - ending work in process

$29,600 + $385,000+ $143,000 +$99,000 - $29,800 =$626,800

6 0

3 years ago