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4 years ago

Selection of an inventory costing method by management does not usually depend on

Business

2 answers:

ankoles [38]4 years ago

5 0

Answer:

THE FISCAL YEAR END.

Explanation:

Selection of an inventory costing method by management does not usually depend on THE FISCAL YEAR END

nexus9112 [7]4 years ago

4 0

Answer:

The fiscal year end

Explanation:

Cost accounting information is designed for managers. Since managers are making decisions only for their own organization, there is no need for the information to be comparable to similar information from other organizations. Instead, the important criterion is that the information must be relevant for decisions that managers, operating in a particular environment of business including strategy, make. Cost accounting information is commonly used in financial accounting information, but first we are concentrating on its use by managers to take decisions. The accountants who handle the cost accounting information add value by providing good information to managers who are making decisions. Among the better decisions, is the better performance of one’s organization, regardless if it is a manufacturing company, a bank, a non-profit organization, a government agency, a school club or even a business school. The cost-accounting system is the result of decisions made by managers of an organization and the environment in which they make them.

The specific identification method of inventory costing attaches the actual cost to an identifiable unit of product. Firms find this method easy to apply when purchasing and selling large inventory items such as cars.

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Do you think governments should consider human rights when granting preferential trading rights to countries? What are the argum

kotykmax [81]

Explanation: I think that governments should consider human rights in privileged trade with countries, so the answer is: yes. Human rights are first and foremost a moral principle that provides a framework for human behaviour, more precisely the ideas and ideals of moral behaviour that are prescribed by many international instruments. This means that human rights are, in fact, fundamental rights of literally everyone, regardless of race, nation or language. It is true that the goal of trade is profit, but that is why there are international laws that protect human rights and provide a framework for moral human behaviour. The protection of human rights as such is also a compulsory part of foreign policy under international law, and thus an integral part of the foreign policy of many countries, and more precisely those who respect and enforce these laws. Preferential trade rights usually refer to lowering tariffs and other preferential terms in transactions, and thus as part of a country's foreign policy may be a contribution to improving human rights with those engaged in trade. Again, if a country respects international laws of business and human rights, it should be privileged when trade is at stake, but if that country itself does not carry out its human rights policies consistently, or even threaten them among its people, then it should restrict trade with such countries. So not only should such a country not be privileged when it comes to trade, but some of the economic sanctions under international law should also be considered.

7 0

3 years ago

On october 4, 2020, concord company had credit sales transactions of $3300 from merchandise having cost $2600. the entries to re

salantis [7]

On October 4, 2020, concord company had credit sales transactions of $3300 from merchandise having cost $2600. the entries to record the day’s credit transactions include a credit of $3,300 to Sales.

The term "credit sale" refers to the transfer of ownership of goods and services to a customer where the amount due is paid at a later date. In other words, a credit sale is a purchase resulting from the customer not paying in full at the time of purchase.

For example, if a parts company sells its widgets to a customer on credit and the customer agrees to pay for one month, the parts company will essentially provide offer the customer an interest-free loan equal to the purchase amount. Your credit sales journal entry will debit your accounts receivable with the amount credited by the customer.

Additionally, you will credit the sales tax payable and the revenue account. Selling credits are payments that are not made until days or weeks after product delivery. Short-term credit agreements appear on a company's balance sheet as accounts receivable and are different from immediate cash payments.

There are three main types of sales transactions: cash sales, credit sales, and prepaid sales. The difference between these purchases is simply when the money is received.

1. Cash sales: Cash is collected when a sale is made and the goods or services are delivered to the customer.

2. Sales on credit: The customer has a period after the sale is made to pay the seller.

3. Prepaid Sales: The customer pays the merchant in advance before the sale is made.

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4 0

2 years ago

ABC Company’s budgeted sales for June, July, and August are 15,600, 19,600, and 17,600 units, respectively. ABC requires 30% of

sleet_krkn [62]

Answer:

Raw material purchase budget for June 64,650 pounds

Explanation:

Production budget for June = Sales budget + closing inventory- + Opening inventory

Closing inventory of products for June

-30%× July budgeted sales= 30% ×19,600

=5,880

July production production budget

t= 19600 + (30%× 17,600)- 5,880

=19600 + 5280 - 5880 =19,000 units

July usage budget for raw material

Usage budget = production budget × standard material per unit

= 19,000× 3 pounds =57,000 pounds

Production budget for June = 15600 + 5,880 -4,680

= 16,800 units

Material usage budget = 16,800×3 pounds = 50400 pounds

Material purchase = Usage budget + closing inventory of material - opening inventory

= 50,400 + (25%× 57000) - 0 =

=50,400 + 14250 =64,650 pounds

4 0

4 years ago

If the central bank increases the amount of reserves banks are required to hold to 20%, then?

dalvyx [7]

If the central bank increases the amount of reserves banks are required to hold to 20%, then: both the money multiplier and supply of money in the economy will decrease.

<h3>What are the Functions of central bank?</h3>

The central bank oversees and manages the nation's foreign exchange while also serving as the technical advisor to the government on matters related to foreign currency policy. The central bank's role is to prevent volatility in foreign exchange rates and to promote stability. Implementing monetary policy and managing the money supply are the responsibilities of central banks, which are frequently tasked with preserving low inflation and steady GDP growth. To manage the cost of borrowing and lending across an economy, central banks have an impact on interest rates and take part in open market activities.

An organisation that controls a state's or formal monetary union's commercial banking system and regulates its currency and monetary policy is known as a central bank, reserve bank, or monetary authority. A central bank has the exclusive right to expand the monetary base, unlike a commercial bank.

Hence, If the central bank increases the amount of reserves banks are required to hold to 20%, then: both the money multiplier and supply of money in the economy will decrease.

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5 0

2 years ago

"You have been hired as a consultant by a new company to develop a strategic prospecting strategy. The company brews and bottles

11Alexandr11 [23.1K]

Answer: One of what is necessary in product marketing is identifying the industry and the sector that uses this product. The company doesn't sell direct to consumers and considering the components of the tea, I would recommend a plan that targets the health industry.

Explanation:

One of what is necessary in product marketing is identifying the industry and the sector that uses this product. The company doesn't sell direct to consumers and considering the components of the tea, I would recommend a plan that targets the health industry. The tea product focuses on health with natural ingredients with antiaging and anti-carcinogens, also they are rich in vitamins. The recommended plan of targeting the health is to propose the product as medicinal or a supplement, which the health institution can recommend for her customers. One of the ways the products can be marketed to the clients to the last consumer is by mentioning the merits of taking them alongside other medication.

The strategic plan would mapping out health agencies that are in my town, draft out magazines, fliers about the product, so that anyone who comes across them can read them. After these health agencies have been visited, we track down the progress of how they are receptive to using the products and how their clients are responding to them

7 0

3 years ago