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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.

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The balance sheet category "Intangible Assets" includes:
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Answer:

b. patents, trademarks, and franchises. 

Explanation:

Intangible assets are assets that aren't physical, they cannot be seen.

Examples of intangible assets are goodwill, patents, trademarks, and franchises. 

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Consider the following Specific Factors model. Suppose two countries, Home and Foreign, produce two goods, timber and television
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a. True

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There are two countries which are about to enter into the free trade. Under the free trade circumstances the Home country will produce timber but it does not completely specializes in producing the timber. The labor is mobile factor which can move in the free trade therefore they will move towards their employability in the TV industry.

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D. It keeps prices fair for consumers

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"You save $3,260.00 in a savings account earning a 3.55% APR compounded monthly. How much is the total interest earned by the en
sammy [17]

Answer:

$ 29.018 ( approx )

Explanation:

The amount formula in compound interest,

A=P(1+r)^t

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P = principal amount,

r = rate per period,

t = number of periods,

Here, P = $ 3260.00,

Since, the amount is compounded monthly,

So, the number of periods in 3 months, t = 3,

Also, annual rate = 3.55 % = 0.0355,

So, the rate per month, r = \frac{0.0355}{12}  (∵ 1 year = 12 months)

Thus, the amount after 3 months,

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Hence, the total interest earned,

I = A - P =3289.018 - 3260 = $ 29.018

3 0
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