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FromTheMoon [43]
3 years ago
12

If the same purchase and sale transactions are recorded using both periodic and perpetual inventory valuation, which method will

provide the same ending inventory and value of COGS under both periodic and perpetual inventory valuation?
Business
1 answer:
maksim [4K]3 years ago
8 0

Answer:

Weighted Average Cost method provides same ending inventory value and same COGS under both periodic and perpetual inventory valuation.

Explanation:

Weighted average method records all the inventory on average cost. It does not matter how and when inventory is counted, purchased or sold. It averages  cost of every unit which comes in the inventory or goes out of inventory. Other valuation method LIFO and FIFO changes the value with change in time or frequency.

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In contingency planning, a(n) _________ that threatens the security of the organization's information is called an _________
andreev551 [17]

Answer:

adverse event, incident

Explanation:

contingency planning is referred to as the planning for unexpected events. The main focus behind inducing Contingency planning is to restore the normal position without disrupting business operations.

An incident response plan is induced to take action against the incident while the Disaster recovery plan is used to restored business operation after incident occurred.

7 0
3 years ago
If the absolute value of the price elasticity of demand is greater than 1:
FrozenT [24]

Answer:

b. small percentage changes in the price will lead to much larger percentage changes in the quantity demanded.

Explanation:

Price elasticity of demand is a measure of how responsive is quantity demanded to change in price. Its formula is given by:

E_{D} = \frac{dQ}{Q}{\frac{P}{dP} =

= % Change in Quantity Demanded / % Change in Price

So when absolute value E_{D}  is greater than 1, a x percentage change in price will lead to larger than x percentage change in quantity demanded.

<u>Note</u>: Whether the percentage change in quantity demanded will be just a little or very much larger than percentage change in price will depend on how much E_{D} is larger than 1. But b is the still the best answer among the options.

7 0
3 years ago
Each of the following documents is used in the control of cash disbursements except a.cash register tapes. b.receiving reports.
GrogVix [38]

Answer: a. cash register tapes.

Explanation:

When you go to a shop and buy something at the till and the cashier prints a receipt and gives it to you, that paper is a cash register tape.

A cash register tape therefore shows the goods sold and the amount the goods were sold at. It is therefore not used as a method of control for cash disbursement which is cash going out of a business but rather for cash that is coming into the business.

8 0
3 years ago
Describe the benefits of branding? ​
Kobotan [32]

Answer:

u get free stuff out of it

3 0
3 years ago
Land of Many Lakes (LML) sells butter to a broker in Albert Lea, Minnesota. Because the market for butter is generally considere
Mice21 [21]

Answer:

A. can choose the quantity of butter that it produces but not the price at which it sells its butter.

Explanation:

Taking into consideration the characteristic of the market explained in the exercise we would say that it is a Competitive Market.

One of the characteristics of a Perfect Competitive Market is that the price of the products is determined by the market, which means that no single seller can't change or influence the price on its own.

Hope it helps. Good luck.

3 0
2 years ago
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