D) as closing entries are apart og the accounting cycle, and only temporary accounts like expenses are closed.
The product that is an example of a consumer good is shop gallon of milk to use in a bowl of cereal. Consumer goods are mostly consumed immediately.
<h3>What are consumer goods?</h3>
Consumer goods are products or goods that are bought for consumption. Consumer goods are mostly finished products from a factory such as buscuit, cereals, milk, bread that can be sell on retail to the consumer.
The products are ate and mostly bought for personal use from a supermarket, store or exhibition.
Most of the consumer products can be consumed without any further processing.
Areas with high rate of consuming consumer products will have economic growth this is because the increase in it's demand help to improve economy.
Therefore, The product is an example of a consumer good is shop gallon of milk to use in a bowl of cereal.
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Answer:
Character.
Explanation:
Credible character is used for someone who is trustworthy, kind and believable, it has to be backed by evidence or experience. It carry the power to influence belief or thought. Crediblity of a character may slip if it is not maintained forever. As crediblity is earned through consistent honesty, selflessness,virtue and good behavior.
There are several dimensions of crediblity that affect audience toward speaker:
- Competence
- Extraversion.
- Composure.
- Character.
- Sociability.
<u>Answer:</u> Option C
<u>Explanation:</u>
International expansion is a strategy where the organizations enter into global markets for the benefit of making quick profits and business development in new segments. Omega Inc can fix higher prices when their products provide a greater value to the customers in that foreign market.
In the other given situations the company cannot fix a higher price for the fitness products in foreign market. Other situations given are easily available products, low expected sales volume and low price of the competitors.
Answer:
$150,000
Explanation:
Ending inventory, the value of goods available for sale at the end of the accounting period, plays an important role in reporting the financial status of a company and can best be figured out using the equation,
Ending Inventory = Beginning Inventory + Net Purchases - Cost of Goods Sold (or COGS)
Beginning Inventory = $160,000 in retail
Net purchases = $500,000 in retail +$10,000 Markups
Cost of goods sold = $500,000
So, End Inventory = 160,000+500,000+10,000-500,000
End Inventory = $150,000
