Answer:
The cost that should be assigned to the inventory is $83,500
Explanation:
Inventory cost includes all those costs which is related to the inventory.
The computation of cost is shown below:
= Merchandised cost - discount + freight charges + insurance charges + import duties
where,
discount is given at 1 % of merchandise cost since hasham has paid within the discount period. So, discount will be $80,000 × 1% = $800
Now apply the above formula for computation:
= $80,000 - $800 +$2,500 + $300+ $1,500
= $83,500
Thus, we add all the inventory expenses and deduct discount expense because he had paid the amount within discount period.
Hence, the cost that should be assigned to the inventory is $83,500
Answer:
Look at the explanation
Explanation:
<u>Advantages:</u>
1. Measure profit and losses at different levels of production and sales.
2. Predict the effect of cost and efficiency changes on profitability.
<u>Disadvantages:</u>
1. Assumes that sales prices are constant at all levels of output
2. Break even charts may be time consuming to prepare.
Hope this helps! :)
Answer:
False
Explanation:
Most interest rates in the economy are not set by federal reserve. For example, banks decide what interests to pay different kind of deposits and charge loans of different risks on their own (with consideration for competition and profitability).
What the Fed does is set important rates (discount rate and funds rate) that influence other interest rates in the economy.
The answer is <span>management philosophy; product orientation; market orientation
Management philosophy refeers to management practices that derived from one's personal opinion,
product orientation refers to a business strategy that disregards consumers' opinion and focus on building the best possible product,
Market orientation refers to a business strategy that disregards the quality of the products as long as it fulfill consumers' opinion/needs.</span>
Possibly consider Climatology. Which is the study of climates. The definition of climate refers to weather of an area. These things include<span> temperature, humidity, air pressure, rain, sun, clouds, and wind.
This seems to fit what you are looking for. Hope it helps!</span>