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3 years ago

In a periodic inventory system, the quantity of ending inventory is determined by:

2 answers:

8 0

In a periodic inventory system, the quantity of ending inventory is determined by: a physical inventory count. Periodic inventory is an inventory system which records supplies periodically. This makes less hassle to the one doing the inventory since it does not require to take an effort much in tallying unlike in the perpetual inventory system

Verdich [7]3 years ago

7 0

In a periodic inventory system, the quantity of ending inventory is determined by "physical inventory count".

A physical inventory might be ordered by budgetary or financial accounting rules or the expense directions to put an exact value on the inventory, or the business may need to count stock so segment parts or crude materials can be restocked.

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Transactions The selected transactions below were completed by Cota Delivery Service during July: Indicate the effect of each tr

Bezzdna [24]

Answer & Explanation:

1.- Increase in assets and equity

(cash is asset and common stockequity)

2.- no effect

(one asset cash is rtaded for another, supplies)

3.- Decrease in Assets and Equity

(expense decrease the cash (assets) and equity (income))

4.- Decrease in Assets and Equity

(expense decrease the cash (assets) and equity (income))

5.- Increase in assets and equity

(cash increase equity increase (service revenue))

6.- Increase in assets and equity

(account receivable increase equity increase (service revenue))

7.- Decrease in Assets and Liablity

(ap decrease and cash decrease)

8.- no effect

(one asset increases cash. Another decreases, account receivable)

9.- Decrease in Assets and Equity

(expense decrease the suppplies (assets) and equity (income))

10.- Decrease in Assets and Equity

(less cash less retained earnings)

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4 years ago

Which characteristics of capitalism provide an opportunity for entrepreneurship and allow both buyers and sellers to feel they m

vladimir2022 [97]

All the answers that apply are letters; a,b,c

7 0

4 years ago

Read 2 more answers

Imagine you work for a breakfast cereal company that makes prepared products that are served cold. Your company wants to introdu

Tresset [83]

Answer:

There are a several ways to try to forecast the most accuarete possible the demand of the product. Some techniques are explained below.

Explanation:

First of all, the company should do a study about the consumption of the new product and they do that by calling a group of consumers to try the new good in the companie's facilities and also to do a questionary to be release to the public in order to have more answers about how would they react act about it. Secondly, once all that information is gathered, the organization should start a calculation on the amount of goods that it will have to produce in order to obtain a good amount of benefits of selling the product. And finally the company should constrast that calculation to the number of people that said in the questionaries that it will buy it and also to the number of people that said that will buy it in the test of the product.

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3 years ago

Suppose a three period weighted average is being used to forecast demand. Weights for the periods are as follows: 0.1, 0.4 and 0

nika2105 [10]

Answer:

$143

Explanation:

The computation of the demand forecast is shown below:

= Weightage × demand observed + Weightage × demand observed + Weightage × demand observed

= 0.1 × 120 + 0.4 × 140 + 0.5 × 150

= $12 + $56 + $75

= $143

Basically we multiplied the weighatge with its demand observed so that the demand forecast could come

7 0

3 years ago

Sales and Production Budgets Ultimate Audio Company manufactures two models of speakers, U500 and S1000. Based on the following

mixas84 [53]

Answer:

Part a

Ultimate Audio Company

Sales Budget

For the Month Ending June 30

Product and Area Unit Sales Volume Unit Selling Price Total Sales

Model U500 :

Northeast Region 140,000 $45 $6,300,000

Southwest Region 160,000 $45 $7,200,000

Total $13,500,000

Model U500 :

Northeast Region 100,000 $80 $8,000,000

Southwest Region 125,000 $80 $10,000,000

Total $18,000,000

Total Revenue from Sales $31,500,000

Part b

Ultimate Audio Company

Production Budget

For the Month Ending June 30

Model U500 Model S1000

Expected Units to be Sold 300,000 225,000

Add Desired Closing Inventory 30,000 15,000

Total 330,000 240,000

Less Desired Opening Inventory (25,000) (10,000)

Total Production 305,000 230,000

Explanation:

Note : I have attached the complete question as images below !

A Sales Budget shows the Total Expected Revenue from sale of budgeted units.

Total Revenue = Total Expected Units Sales x Selling Price Per Unit

A Production Budget shows the number of units to be produced to meet the Sales and Inventory targets

Total Production = Expected Sales + Desired Closing Inventory - Desired Opening Inventory

5 0

3 years ago