Answer:
The correct answer is: Marketing Channel.
Explanation:
Marketing channels can be defined as the set of institutions and people that are required to transfer ownership of goods from the point of production to the point of consumption.
It is also known as a distribution channel and consists of all the institutions and marketing activities that are involved in the marketing process.
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The aggregate demand curve shifts to the right
Answer: completed in the period
Explanation:
Job order costing system refers to the system when small batches of the products are ordered by the customers. It is useful in knowing the cost that's used in the manufacturing of each product.
It's usually used when different products are being produced and the cost for each individual job need to be calculated. Under a job-order costing system, the dollar amount transferred from Work in Process to the finished goods will be the sum of the costs that's charged to all jobs that are completed in the period.
Answer:
6
Explanation:
The average turnover ratio is calculated using the formula.
average turnover ratio = Costs of goods sold
Average inventories
For Wilkens Company, Costs of goods sold will be sales revenue - the gross profit
= $1,800,000- $600,000 = $1,200,000
Average inventory = Beginning stock + Ending stock /2
= $160,000 + $240,000 /2
=$200
Average turnover ratio = $1,200,000
$200,000
=6