1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tju [1.3M]
3 years ago
5

The specific identification method of costing inventories is used when the

Business
2 answers:
Zolol [24]3 years ago
5 0

Answer:

Explanation: The specific identification method of costing inventories is used when finding out the cost of the ending inventory.

This method is used to identify when an item is bought and sold and what items are remaining in the store and how to allocate the cost price of item bought at a particular point in time. This is mainly useful when cal calculating the ending inventory.

Bumek [7]3 years ago
3 0

Answer:

company sells a limited quantity of high-unit cost items

Explanation:

Specific identification is a method of finding out ending inventory cost and  requires detailed physical count in order for that company to know how exactly many of each goods  that was brought on specific dates remained at year end inventor.

Specific identification inventory valuation can be used when a  company sells a limited quantity of high-unit cost items. It is often used for larger items such as furniture or vehicles. It is used for items that usually have widely differing features, and are of  limited quality and have high costs associated with it distinguished features.

You might be interested in
What is economic planning and its objectives plz help me
guajiro [1.7K]

Answer:

The basic objective of planning is to exercise control over the private sector of an economy. ... When the economic resources of the country are rationally arranged with a predetermined purpose, it is called economic planning. It usually refers to planning by the State.

hope it helps

5 0
3 years ago
A customer asks you a question, but you do not know the answer. You feel that they expect you to know the answer. What would you
ZanzabumX [31]

When you don't know a certain answer to a customer question be honest and tell them that you don't know the answer to this question however you will ask from your colleague about this question and will revert back to the customer.

<h3>What is a customer?</h3>

A customer is a person who is a buyer or a potential buyer of your products and or services.

The customer should be communicated of the estimated time that will be taken to revert back with the correct answer to the question. It is highly recommended that no guesses are made when you don't know a certain answer.

Learn more about Customer at brainly.com/question/27197965

#SPJ1

6 0
2 years ago
In year T, a US citizen buys 100 shares of Sonic on the Tokyo stock exchange at 700 yens each. Suppose the exchange rate then is
zlopas [31]

Answer:

Change in US external wealth between periods T and T +1 in dollars = -$100

Explanation:

Since nothing else changes, this implies that the exchange rate per yen is $0.01 in periods T and T +1. Therefore, we have:

Value shares of Sonic in period T in dollar = Number of shares of Sonic bought in period T * Price per share of Sonic in Yen in period T * Exchange rate per yen in periods T = 100 * 700 * $0.01 = $700

Value shares of Sonic in period T+1 in dollar = Number of shares of Sonic in period T+1 * Price per share of Sonic in Yen in period T+1 * Exchange rate per yen in period T+1 = 100 * 600 * $0.01 = $600

Change in US external wealth between periods T and T +1 in dollars = Value shares of Sonic in period T+1 in dollar - Value shares of Sonic in period T in dollar = $600 - $700 = -$100

4 0
3 years ago
General electric has an up-or-out policy, where key personnel in underperforming units are pressured to boost performance to acc
olasank [31]
This is an example of Tying rewards and incentives directly to the achievement of strategic and  financial targets.
By doing this, general Electric aimed to create an objective measurement for all of its emloyees that motivate them to keep increasing their performance if they hope to stay as an employee in that company. Through this method, Jack Welch managed to increase the company's value for around 4000% during 20 years of his reign.
8 0
3 years ago
In considering channels and logistics, what is the definition of intermodal transportation? Group of answer choices Combining tw
Taya2010 [7]

Answer:

Inter-modal transportation: Combining two or more modes of transportation

Explanation:

Logistics is the movement and coordination of resources such as food, liquids, materials, inventory, people and equipment from one location (origin) to another (destination). Intermodal transportation is used in logistics to transport a shipment from the shipper to the consignee. There are 3 methods of transportation:

  1. Ocean transportation e.g. ships
  2. Land transportation e.g. trucks, trains
  3. Air transportation e.g. flights

When any resource is transported by use of any two or more of these modes, it is known as intermodal transportation. For example, a container of clothing might be transported from Tokyo, Japan to New York, USA.

<u />

Japan factory to Japan Harbor: Train

Japan Harbor to USA Harbor: Ship

USA Harbor to warehouse in USA: Flight

Warehouse to shopping mall: Truck

5 0
2 years ago
Other questions:
  • Frank and Jasmere are both shopping for a new car. They are looking for a $20,000 loan to pay for the new car that they will pay
    13·1 answer
  • Luxury automobile manufacturers typically add​ quality, services, and other features to differentiate their offers and thus supp
    15·2 answers
  • If William performs plumbing upgrades for Patricia in exchange for her incorporating his business, then their __________________
    7·1 answer
  • Which type of tort is unjustified or unfair damage to the reputation of a person or organization? A. Interference B. Defamation
    7·2 answers
  • Price discrimination:A. by firms selling to final consumers is illegal, but it is usually legal in selling to intermediaries.
    12·1 answer
  • At the beginning of the​ year, Swift,​ Inc.'s Work-in-Process Inventory account had a balance of $ 124 comma 000. During the​ ye
    10·1 answer
  • Ghana is the largest exporter of cocoa, while Netherland is the largest importer of cocoa. How have the two participating countr
    12·2 answers
  • A firm’s liquidity level decreases when:_______.
    6·1 answer
  • On December 31, Jarden Co.'s Allowance for Doubtful Accounts has an unadjusted credit balance of $14,000. Jarden prepares a sche
    15·1 answer
  • Explain one advantage of using retained profit as a source of finance. ​
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!