Complete question:
amber is in charge of preparing an annual budget for her company. as part of the budgeting process, she must estimate COGS and ending inventory. which of the following statements is correct regarding the use of the gross profit method
amber must take a physical inventory to determine ending inventory and COGS
amber may utilize the gross profit method, but must also take a physical inventory
amber may utilize the gross profit method to estimate ending inventory and COGS
Answer:
Amber may utilize the gross profit method to estimate ending inventory and COGS
Explanation:
The gross profit method is a strategy used to measure the value at the end of the product. The method may be used with monthly accounting statements where a physical warehouse is not feasible.
(However, it is not a substitution for an actual physical inventory.) It is often used to measure the volume of lost products incurred by burglary, accident or other disasters.
For example, if a business buys products of $80 and sells them for $100, the gross profit is $20.
Answer:
If all the doses were sold, the total profit would be of $80,000.
Explanation:
To obtain the economic gain of a business, the production cost must be subtracted from the sales value of the products sold. In the case, the 10,000 products were sold at $ 12, giving a total sales revenue of $ 120,000. But in turn, those 10,000 products cost $ 4 each, giving a total production cost of $ 40,000. Therefore, the profit of BreatheDeep, after subtracting production costs, is $ 80,000.
The true correct answer is C my dude
Hacking. Hope this helps you out today!
The six 9s of the quality rule are a measure of quality control that is equivalent to one error in a million potential for problems.
<h3 /><h3>What does "quality control" mean?</h3>
- A technique or collection of procedures known as quality control (QC) is designed to make sure that a service or product is made in accordance with a specified set of quality criteria or that it satisfies the needs of the client or customer.
- There are various approaches to quality control. These include the Taguchi Method, Six Sigma, an x-bar chart, and 100% inspection mode.
- Setting standards and conducting tests to ensure that anything, such as a product or service, is completed correctly is known as quality control.
To learn more about quality control, refer to:
brainly.com/question/14167114
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