Answer:
(C) balance sheet as a current asset
Explanation:
Finished goods inventory are considered part of the assets of a company, and due to their short life span, are recognized as current assets. Thus, they are recognized on the balance sheet as current assets.
Option A is incorrect because finished goods inventory are short-term assets and are usually disposed off within a year. Option B is incorrect as only sold finished goods make up revenue, not those held as inventory. Option D is incorrect because finished goods inventory are not period cost. However, the cost of purchasing or manufacturing them are considered as cost.
The AICPA Guide Audit Sampling portrays two worthy strategies for anticipating the measure of error found in a none factual specimen, apportion projection and distinction projection. Proportion projection decides the measure of error by isolating the measure of misquoting by the level of the dollars of the populace incorporated into the specimen.
Answer:
$296,640
Explanation:
The ending inventory cost is valued using the material cost and the conversion cost.
Where the conversion is yet to be completed, the value of the work in progress is added to that of the raw materials to get the ending inventory value.
Hence,
ending inventory balance = ($4 × 30900) + ($8 × 30900 × 0.7)
= $296,640
It is mostly the women between 25 and 54 years of age who watch the lifestyle channels owned by Scripps Networks Interactive, and the advertisements run on these channels are essentially aimed at them. These women are the company's <u>Target audience</u>
Explanation:
In the question above the women between the age of 25-54 years are the Target Audience because the interactives and the advertisement on the Scripps network are aimed at these women's.
Now evaluating the other options
A )<u>Strategic Window</u> refers to a time duration during which the particular strategy adopted will work .In this case no time duration is discussed.So its is not a correct answer.
B)<u>Advertising medium
:</u>The medium using which a message is communicated to the targeted audience(like TV,radio,newspaper)
<u>C)Consumer jury
</u>:In this method the consumer play the role of a jury and they are asked to rank an advertisement
So we can say that These women are the company's <u>Target audience</u>