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4 years ago

The specific identification method of costing inventories is used when the

Business

2 answers:

Zolol [24]4 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]4 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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Do you think it is best to keep track of finances using a check register, a bank statement, or both? Why?

aalyn [17]

It is best to keep both a check register and then to reconcile your bank statement with your check register. That means you have recorded everything that has happened.

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3 years ago

Which of the following affects employers’ decisions on how much to pay their workers? Maximizing costs

tresset_1 [31]

What affects employers’ decisions on how much to pay their workers is : <u>Maximizing profits.</u>

<h3>What is profit maximization?</h3>

Profit maximization can be defined as the way in which a company or an organization tend to determine the price level that enables them to maximize profit.

Every company or organization goals is to make profit based on this company that is determine to make profit must tend to make use of profit maximization approach.

Profit maximization is important as it can tend to lead to sustainable growth for companies which is why most companies make use of profit maximization strategy so as to make higher profit.

Therefore what affects employers’ decisions on how much to pay their workers is : <u>Maximizing profits.</u>

Learn more about Profit maximization here:brainly.com/question/15969466

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4 0

2 years ago

Larger vehicles tend to have longer stopping distances than other vehicles because ____

kondaur [170]

<span>Larger vehicles tend to have longer stopping distances than other vehicles because they weigh more. Vehicles that way more take more time to slow down when traveling at the same speed as a vehicle that weighs less. For this reason, they take more time to slow down and need a larger stopping distance. </span>

3 0

3 years ago

Anita is an entrepreneur who is interested in starting a hair salon. Anita consulted her friend Ali, who is a businessman, to ge

Varvara68 [4.7K]

ANSWER 1. Capital

EXPLANATION: Calculating capital is necessary for a business. It is the basic duty of an entrepreneur to calculate capital before starting any business to check the financial capacity of the entrepreneur. Calculating capital also helps to estimate if any outside finance is necessary to start the business.

ANSWER 2: Set of Services

EXPLANATION: Choosing and categorizing set of services is necessary before starting any business. This will help in acquiring expert and trained set of labors to carry out the work. The clients will also come to know of the services that are available in the business. Expert and trained set of labors are difficult to find in any market.

ANSWER 3: Total Cost of Ownership

EXPLANATION: Total cost of ownership is a financial estimate intended to help buyers and owners determine the direct and indirect costs of a product or system. Each and every piece of equipment that Anita buys is added to the cost of the ownership of the business.

4 0

3 years ago

Read 2 more answers

Suppose you purchase one share of the stock of Red Devil Corporation at the beginning of year 1 for $42.50. At the end of year 1

kkurt [141]

Answer:

17.76%

Explanation:

The computation of the time-weighted return on your investment is given below

But before that we have to do the following calculations

Year 1 = ($46.50 - $42.50) + 2 ÷ ($42.50) × 100 = 14.12%

Year 2 = ($54.50 - $46.50) + 2 ÷ ($46.50) × 100 = 21.51%

Now the time weighted return is

(1 + t)^2 = (1 + 14.12%) × (1 + 21.51%)

= 1.1412 × 1.2151

= √1.3867 - 1

= 17.76%

8 0

3 years ago