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Lubov Fominskaja [6]
3 years ago
15

The balance of the Cost of Goods Sold account at the end of the year represents:(A) The cost of inventory not sold in the curren

t year.(B) The total sales revenue to customers.(C) The cost of inventory sold in the current year.(D) Total purchases of inventory for the year.
Business
1 answer:
kap26 [50]3 years ago
6 0

Answer:

The balance of the Cost of Goods Sold account at the end of the year represents the cost of inventory sold in the current year.

Explanation:

The Cost of Goods Sold account is debited at each sale for the cost of the product sold, so at the end of the year you will have the cost of all products sold during the year.  This cost includes the cost of the direct materials and the direct labor costs used to produce them.

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In about 100 words, outline the advantages of using RFID technology instead of bar code scanning technology in managing the inve
STatiana [176]

Answer:

(1) RFID TAGS FROM A GREATER DISTANCE THAN BARCODE WHEN TAGGING INVENTORIES.

(2) RFID TAGS CAN BE READ AT A FARTHER DISTANCE THAN BARCODE.

(3) RFID TAG MUST NIT BE IN LINE WITH THE SCANNER FOR IT TO IDENTIFY AND READ INVENTORIES.

Explanation:RFID(RADIO FREQUENCY IDENTIFICATION) uses electromagnetic fields to track and identify by reading and capturing the information stored on a tag attached to an object. It is a generally accepted and has been widely used in variety of industries including Supply chain,Human resources, inventory management etc

(1) RFID TAGS FROM A GREATER DISTANCE THAN BARCODE WHEN TAGGING INVENTORIES.

(2) RFID TAGS CAN BE READ AT A FARTHER DISTANCE THAN BARCODE.

(3) RFID TAG MUST NOT BE IN LINE WITH THE SCANNER FOR IT TO IDENTIFY AND READ INVENTORIES.

7 0
3 years ago
Bianca is conducting an experiment to determine how temperatures affect the productivity of employees. she has just completed th
Lyrx [107]
What are you asking as an abriviation
4 0
2 years ago
The activities buyers and sellers perform to facilitate mutually satisfying exchanges is:
timofeeve [1]

The activities buyers and sellers perform to facilitate mutually satisfying exchanges is marketing

<h3>Buyers and Sellers</h3>

Buyers are those that request for goods and services for consumption purpose while the sellers make goods and services available to the buyers,

Both buyers and sellers carry out activities for mutual benefit of both parties. These activity that is being performed between the parties is known as marketing.

Learn more on marketing here: brainly.com/question/25369230

#SPJ12

3 0
1 year ago
A business owner makes 1,000 items a day. Each day she contributes eight hours to produce those items. If hired, elsewhere she c
Olin [163]

Answer:

Accounting profit=$300,000

Explanation:

<em>Accounting profit is the difference between revenue from from production or service activities and the expenditures incurred.  </em>

<em>It is the difference between the total revenue and the</em><em> total explicit costs</em><em>. Explicit costs are those transaction cost incurred to generate revenue . E.g the cost of the material , labour, expenses e.tc.</em>

On the other hand, economic profit includes accounting profit plus opportunity cost. Opportunity cost is the value of the benefits sacrificed in favour of a decision.  

Accounting profit = Sales revenue - Explicit cost

Sales revenue = Price × units sold= $15× 1000× 30 = $450,000 1

Explicit cost = $150,00

Accounting profit = $450,000- 150,000 = $300,000

Accounting profit=$300,000

Note we ignore the amount she could have earned because it is an implicit cost

4 0
3 years ago
India has 3 GDP of 23,000 billion Indian rupees, and a population of 1.1 billion. Theexchange rate is 50 rupees per US. dollar.
vekshin1

Answer:

Indian rupee in US dollars = $418

Explanation:

given data

India GDP = 23,000 billion

exchange rate = 50 rupees per US

population = 1.1 billion

solution

we get here GDP per capita as

GDP per capita = India GDP ÷ population

GDP per capita  = \frac{23000}{1.1}  

GDP per capita  = 20909 rupees

so here we Convert Indian rupee in US dollars that is with exchange rate

Indian rupee in US dollars = GDP per capita  ÷ exchange rate

Indian rupee in US dollars = \frac{20909}{50}  

Indian rupee in US dollars = $418

7 0
3 years ago
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