Answer:
total cost of goods sold = $2215
Explanation:
given data
inventory = 8 units
cost = $200
purchased = 20 units @ 205 each
to find out
amount will be reported as cost of goods sold for the 11 units that were sold
solution
we know as per FIFO method sold unit are from the 8 unit
so beginning inventory on October = 8 × 200 = $1600
and other 3 unit purchase are = 3 × 205 = $615
so
total cost of goods sold are = 1600 + 615
total cost of goods sold = $2215
False. Phishing is usually considered emails that are sent that look genuine but are actually from scammers trying to obtain personal or financial information.
The statement in the question is : FALSE
<h3>What is a step-variable cost ?</h3>
A step variable cost is a type of cost that varies with the level of activity, but is incurred at discrete points and it involves large changes. Hence If the steps in a step-variable cost behavior pattern are large, the step variable cost function cannot be approximated by a variable cost function without loss in accuracy because the variable cost behavior pattern is directly proportional to the variable cost function.
Hence we can conclude that The statement in the question is : FALSE
Learn more about step-variable cost : brainly.com/question/17061986
#SPJ1
Luxury items in a budget come from : D. Saving
People tend to buy luxury items after the other crucial needs are met, which means that it will be most likely that the budget came from the income that is intended for saving
hope this helps
Complete Question:
What advantages can Kim Ping expect if she decides to export her ducks to Morocco? Check all that apply.
- Foreign importers will pay manufacturing costs, allowing Kim Ping to offer her ducks at a more competitive price.
- Kim Prin will have better control over how her products are made than she will have with other forms of globalization.
-The market for Kim Ping's toys will expand, making it less dependent on her home market.
- Kim Ping's ducks will cost less because of reduced tariffs, making her more competitive.
Answer:
-The market for Kim Ping's toys will expand, making it less dependent on her home market.
Explanation:
Kim Ping's globalization efforts will help it to enjoy expanded markets. Expansion into foreign markets makes firms less dependent on their home markets. They can produce more goods at less costs because of the advantage of large scale production that becomes possible with expanded markets. As Kim Ping expands into the global market it becomes more efficient because it reviews its production systems to suit the global market. The expansion of Kim Ping into Morocco will also benefit the local market as consumers have expanded choices.