Considering the measurements described above, it is believed that using "<u>innovation accounting</u>" measurements such as testing assumptions about the business, attributes the customers like, and retention rates can be collected.
This is based on the idea made by AI Ries, a renowned marketer who claimed that <u>innovation accounting</u> is a form of evaluation theory that is used to evaluate the difference made to the product and see if this difference is bringing the expected outcomes.
<u>Innovation accounting</u> is used to see beyond the conventional measures such as sales, profits, and return on investment.
Instead, it helps the business owners to examine assumptions about the business, like, sign-ups, and retention rates, etc.
Hence, in this case, it is concluded that the correct answer is "<u>innovation accounting."</u>
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Answer: 1. $110000.
2. $120000
Explanation:
First, we calculate the sold units which will be:
= Opening inventory + Purchase - Ending inventory
= 10000 + 30000 - 20000.
= 20000
Then, the cost of stock per unit will be:
= $115000/20000
= $5.75
The total cost of the total stock available will be:
= 40000 × $5.75
= $230,000
Cost of purchase stock will be:
= Total cost of stock - Cost of beginning inventory
= $230000 - $50000
= $180000
Then, cos per unit of purchased stock will be:
= $180000 / 30000
= $6
1 Determine the cost of goods sold for 2021 using the FIFO method.
Cost from begining inventory = 10000 × 5 = 50000
Add: Cost from purchase inventory = 10000 × 6 = 60000
Cost of goods sold under FIFO = 110000
2. Determine the cost of goods sold for 2021 using the LIFO method.
This will be:
= 20000 × 6
= 120000
Answer:
52 paychecks
Explanation:
Because there is 52 weeks in a year.
-Hope This Helps!
-<u><em>Justin:)</em></u>
Answer:
(A) 9.6%
(B) 37,296,880
Explanation:
Current earnings for Bennington Enterprise is $34.03 million
The ROE is 12 percent
= 12/100
= 0.12
Retention ratio is 80 percent
= 80/100
= 0.8
(A) The firms earning growth rate can be calculated as follows
= 0.8× 0.12
= 0.096×100
= 9.6%
(B) Next year earnings can be calculated as follows
= 34,030,000 × (1+0.096)
= 34,030,000× 1.096
= 37,296,880
They use a <span>Straight Piecework Plan </span>as an incentive to their employees.
The Straight Piece-Work System is the simplest incentive approach in which the rate in keeping with unit of output is fixed, and the income of the employee are computed with the aid of multiplying his total output by rate per unit. We can also define this as the system or plan in which the employers or workers are paid according to the number of units produced during a defined time period at fixed rate.