All categories

3 years ago

A method of allocating merchandise cost that assumes the first merchandise bought was the first merchandise sold is called the

Business

1 answer:

leva [86]3 years ago

7 0

Answer:

First - in - First - Out (FIFO) method

Explanation:

The First - in - First - Out (FIFO) method, assumes that the first goods received by the business will be the first ones to be delivered to the final customer.

It assumes that goods have been used in the order in which they are purchased.

You might be interested in

What are all points on the PPF called?

jolli1 [7]

Answer:

Production Possibility Frontier (PPF or PPC)

All points inside PPF are inefficient points. These points are attainable (e.g., point U), but they are not using the resources at the fullest.

8 0

2 years ago

When Sheri, a socialite, got some bad publicity for her recent choice of evening wear, she decided to change designers. However,

valentinak56 [21]

Answer:

The correct answer is the option C: Relational switching cost.

Explanation:

To begin with, the concept known as ''switching cost'' in the field of business, basically refers to all the costs involved in the procedure of switching from a supplier to a new one. Moreover, this term also involves many different types, such as financial switching costs, procedural switching costs and relational switching costs.

To continue, the third one, the relational switching cost refers to the situation where a company has changed its supplier and a big loss of identification and emotional bonds changed as well with it. Furthermore, when relational switching costs take place the personal relationships between the people involved in the transactions of the company are lost and that generates an impact in the new relationships with the new supplier.

5 0

3 years ago

A net worth statement, insurance plan, and a budget are all part of a ____

vova2212 [387]

It seems that you have missed the necessary options to answer this question, but anyway, here is the answer. A net worth statement, insurance plan, and a budget are all part of a SAVING AND INVESTING PLAN. Hope this is the answer that you are looking for.

8 0

3 years ago

You own a house that you rent for $1,675 per month. The maintenance expenses on the house average $315 per month. The house cost

Trava [24]

Answer:

The value that should be placed when analyzing the option of using the house as a professional office is $242,880

Explanation:

In calculating cash flow of a project, opportunity cost is very important hence be made part of the cash flow

Incremental cash flow = Appraisal on the house - Real estate fees

=$264,000 - $21,120

= $242,880

7 0

3 years ago

Read 2 more answers

One of the difficulties associated with value-based pricing is that

nikdorinn [45]

One of the difficulties associated with value-based pricing is that the producer may end up running at loss because the price does cover the cost incurred during production.

The value-based pricing entails fixing of prices based on customer's perceived value of the product.

The companies who practiced the value-based pricing do so to make sure the product price and expectation of the customers match.

However, one of the difficulties associated with value-based pricing is that the producer may end up running at loss because the price does cover the cost incurred during production.

Learn more about this here

brainly.com/question/20699420

7 0

3 years ago