Answer:
d. having enough books to satisfy customer demands versus the cost of having the inventory
Explanation:
There are inventory issues in each business. This is because many a times the demand and supply of inventory cannot be estimated.
Thus, in the given case also, there is same issue.
The books are written by famous politicians or celebrities, thus there is assurance of sale, because of the popularity, celebrity concerns etc:
At the same time there is no assurance as to the volume of sale. As people might criticize the books or people might like the book, but it will be in popularity that is confirm, because of social status of the author.
In this case to keep the inventory cost low, and also stock of inventory to meet the needs of people at the same time is challenge.
Answer:
One possible revision suggestion for the previous follow-up letter is to:
c. Identify the position he applied for and the date of the interview.
Explanation:
Stating clearly the position that Enrique interviewed for and the the date of the interview will enable the interviewer to reconsider the candidacy of Enrique for the copy-editor position. However, the wording of his first draft of the follow-up email sounds too condescending. Enrique should not display some desperation in his job-search effort.
<span>If it is revised during 60 days prior of the effective date it is ok. This provision is broader when it comes to personal lines than a commercial coverage plan would be. Generally, commercial policies have a time period of 45 days unless the state applies an exception. For dwellings, 60 days would be correct.</span>
Answer:
COGS= $81,770
Explanation:
Giving the following information:
Beginning inventory= 477 units that cost $65 each.
Purchases:
715 units at $68 each
364 units at $70 each.
Units sold= 1,197
<u>To calculate the cost of goods sold under the LIFO (last-in, first-out) method, we need to use the cost of the lasts units incorporated into inventory:</u>
COGS= 364*70 + 715*68 + 118*65
COGS= $81,770
Answer:
$3,000
Explanation:
Under the accrual accounting basis, revenue is recognized once the conditions for recognition have been met. This is when the goods have been transferred or the service has been rendered.
Similarly for cost, it is recognized once it is incurred and not necessarily when cash is paid.
Sales of $4600 on account - This will be recognized as revenue
Collected $2200 for services to be performed in 2019 - This is deferred revenue as the service is yet to be rendered.
Paid $1600 cash in salaries - This expense has been incurred.
Purchased airline tickets for $230 in December for a trip to take place in 2019 - This is a prepayment and not yet an expense in p/l.
Net income = sales - expense
= $4600 - $1600
= $3,000
Waterway’s 2018 net income using accrual accounting-basis after accrual is $3,000.
