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andrew11 [14]
3 years ago
5

The specific identification inventory method should be used when the inventory consists of identical, low-cost units that are pu

rchased and sold frequently. True False
Business
1 answer:
Step2247 [10]3 years ago
3 0

Answer:

False

Explanation:

The specific identification inventory method involves assigning of specific cost of inventory to the cost of goods sold. Cost of each item that makes up inventory must be tracked.

This is often used for large assets such as furniture or cars. The items also usually have differing characteristics.

For example if a dealer has 20 cars, he will track each of them from delivery till when he sells the cars.

This method is not used when the items involved are low cost items that are sold frequently and have identical characteristics.

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Suppose that France and Austria both produce rye and wine. France's opportunity cost of producing a bottle of wine is 4 bushels
miv72 [106K]

Answer:

France has comparative advantage in production of wine

Austria has comparative advantage in production of rye.

4 bushels of rye for each bottle of wine

1 bottle of wine for each bushel.

b. 4 bushel of rye per bottle of wine.

Explanation:

France has comparative advantage in producing wine as it has opportunity cost of 4 bushels per bottle of wine. Austria has comparative advantage in producing bushels as it has opportunity cost of 10 bushels per bottle of wine. The both countries can gain advantage if they agree for 4 bushels per wine.

3 0
3 years ago
what is the definition of the law of supply, and what are the factors that will cause a shift in the supply of a product?
harina [27]
The law of supply<span> is a microeconomic </span>law which says<span>  "...all other </span>factors<span> being equal, as the price of a good or service increases, the quantity of goods or services that suppliers offer </span>will<span> increase, and vice versa..."</span>
5 0
3 years ago
The _____ stage of the Change Management Continuum Model demonstrates a positive impact on the organization.A. internalizationB.
gladu [14]

Answer:

The correct answer to the following question will be Option C (Adoption).

Explanation:

The adoption stage falls under the Change Management Continuum System educational process. This explains the change which has shown a significant or positive impact on the corporation.

The mental process by which a person moves from the first hearing about such an invention to actual adoption is the acceptance process for either a new product.

There are five stages are in the Adoption stage:

  • Product awareness
  • Product interest
  • Product evaluation
  • Product trial
  • Product adoption

Therefore, Option C is the right answer.

3 0
4 years ago
A single person earns a gross biweekly salary of $780 and claims 6 exemptions. how does their net pay change due to the federal
zloy xaker [14]

A single person earns a gross biweekly salary of $780 and claims 6 exemptions. their net pay changes due to the federal income tax withheld No federal income taxes are withheld. Option A. This is further explained below.

<h3>What is income tax?</h3>

Generally, The income tax is a kind of direct taxation in which the government takes a cut of a person's earnings. The federal government is obligated to collect this fee because of the Income Tax Act of 1961.

In conclusion, A person living alone might expect to earn $780 every two weeks after taking into account the six allowances that are allowed for such a situation. Their after-tax income shifts as a result of federal income tax withholding. There will be no withholding of federal income taxes.

Read more about income tax

brainly.com/question/11820552

#SPJ1

6 0
2 years ago
Why is research and development an integral part of the designing and producing process of an aerospace product? Select the best
allsm [11]
The answer to the given question above would be option C. The reason why research <span>and development is an integral part of the designing and producing process of an aerospace product is that, the </span><span>aerospace industry is constantly pushing the limits of technology. Hope this answers your question.</span>
5 0
4 years ago
Read 2 more answers
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