Answer:
The correct answer is letter "A": lawn fertilizer manufacturer.
Explanation:
Process costing is a type of costing approach used by companies to identify expenses for individual units produced. This method is useful for manufacturers in charge of mass production where all the units are almost the same or equal. Thus, <em>a lawn manufacturer could use the process costing system</em> because the equipment produced in that industry are almost equal and tend to be manufactured in large quantities.
The allowance method of recognizing uncollectible accounts used is one where there is no effect on net income.
<h3>What is the allowance method?</h3>
This is known as a method that entails the use of or the act of setting aside a kind of reserve for bad debts that are seen or foretell to take place in the future.
The reserve is one that is based on a percentage of the sales gotten in a reporting period, in terms of those adjusted for the risk linked with some customers.
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Answer:
Endign inventory cost= $3,708
Explanation:
Giving the following information:
Purchases 378 units at $20
Purchases 54 units at $22
<u>Under the FIFO (first-in, first-out) method, the ending inventory is calculated using the cost of the lasts units incorporated into inventory:</u>
Ending inventory in units= 180
Endign inventory cost= 54*22 + 126*20
Endign inventory cost= $3,708
Answer:B. are always completely flexible
Explanation:The classical theory proposes that all markets reequilibrate because of adjustments in prices and wages which are flexible. For instance, if an excess in the labor force or products exist, the wage or price of these will adjust to absorb the excess. If prices and wages are flexible, markets reequilibrate.
Wages are said to be flexible when they respond to changes in supply and demand and lead to the market clearing wage being set. It implies that the wage will be set by the Marginal Revenue Product of labour and marginal cost of labour. Any change in supply and demand for labour will lead to a change in the wage rate.
The importance of wage flexibility arises from the fact that, in most macroeconomic models, we find an inverse relationship between wages and employment.
Answer:
d. a strategy used to search through the rule base in an expert system by forward chaining or backward chaining.
Explanation:
inference engine is related mainly with artificial intelligence development. it is used to program logics to the system.
