When identical units of an item are purchased at different costs: <span>an inventory cost flow method must be used under both a perpetual and a periodic inventory system.
A perpetual inventory system will update your inventory on hand after each sale or purchase of inventory is made. A periodic inventory system is updated periodically, meaning, a company will give a time period they would like their sales and purchases to update in and the system will perform that. Both systems are great for a business but it's their option of how they are generated.
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Answer:
The department's recommendations would most likely be based on Performance management
Explanation:
Performance management is undertaken to ensure that the activities that are performed are as per the requirements of the organization. It evaluates the performance. It can be of an employee or a department.
Here the actual performance is compared with the standard performance and if any deviation arises then steps are taken to overcome it. Like in this example department is providing training on time management to improve performance.
After reading the segment, "let's go to
the movies," in the spotlight on small business box, you would suggest to
Sam that he differentiate the offering by transforming at least one of the
screens into a space where patrons can experience dinner and a movie.
Answer: $18,000
Explanation:
Given that,
Began 2018 with a Normal balance = $5,000
Ended 2018 with a normal balance = $11,000
Unearned Revenue account was credited = $24,000
Revenue earned by professor in 2018 :
= Beginning unearned revenue + Advance payments - Ending unearned revenue
= $5,000 + $24,000 - $11,000
= $18,000
Therefore, $18,000 revenue earned by professor in 2018.
