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3 years ago

The basic problem with the average-cost approach is that it :

Business

1 answer:

Elena L [17]3 years ago

3 0

Answer:

The correct answer is (A)

Explanation:

Average cost approach is utilised to analyse the average cost of inventory available for sale. There are various advantages of using average cost techniques, but at the same time it has few limitations. Average cost methods do not account for the cost variation in different level of outputs. Cost variation is important to account for as it can change the overall cost of estimations, and cost averages.

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3 years ago

Read 2 more answers

When organizing your report, what should you remember? check all that apply. identify the topic of the report in the closing. fo

navik [9.2K]

I would check all of those because they are all important. You need to stay clear by identifying the topic, to keep readers interested by finding things they enjoy, summarizing always leaves a clear thought in their heads, organizing and sequencing is important so that it’s easy to follow.

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4 years ago

Creative Canopies (CC) is a manufacturer of flexible canopies for athletic facilities. CC has contracts with 3 universities to i

ElenaW [278]

Answer:

Creative Canopies (CC)

With gross profits of $10,000, the least profitable is:

B. UCLA

Explanation:

a) Maintenance Costs of Canopies:

Support Activity Driver Cost per Driver Unit

Major refinishes: Hours on jobs $55

Minor touchups: Number of visits $400

Communication: Number of calls $25

b) Customer Data:

University Hours major Visits minor Calls=

USD 100 7 12

USC 90 5 15

UCLA 120 6 9

c) Calculation of the Cost of Canopy Maintenance for each customer:

University Hours Major Minor Major Minor Commun- Total

Visits Calls Refinishes Touchups ication

USD 100 7 12 $5,500 $2,800 $300 $8,600

USC 90 5 15 $4,950 $2,000 $375 $7,325

UCLA 120 6 9 $6,600 $2,400 $225 $9,225

d) Calculation of net income from each customer:

University Gross Profit Maintenance Cost Net Income

USD $10,000 $8,600 $1,600

USC $10,000 $7,325 $2,675

UCLA $10,000 $9,225 $775

8 0

3 years ago

At the beginning of 2018, England Dresses has an inventory of $140,000. However, management wants to reduce the amount of invent

Bad White [126]

Answer:

purchases = 160000

Explanation:

given data

beginning inventory = $140,000

amount of inventory on hand = $80,000

net sales = $400,000

gross profit rate = 40%

solution

we first Computation of cost of goods sold hat is

Gross profit rate = $\frac{gross profit}{net sales}$ × 100

= $\frac{gross profit}{400000}$ = = $\frac{40}{100}$

= 100 Gross profit = 16000000

Gross profit = 160000

and

Cost of goods sold is = sales - gross profit

Cost of goods sold = 400000 - 160000

Cost of goods sold = 240000

and

Cost of goods sold = opening inventory + purchases - closing inventory

so put here value

240000 = 140000 + purchases - 60000

so purchases = 160000

7 0

3 years ago

The Excellent Agency specializes in developing advertising campaigns for smaller retail clients. Excellent is hired by Shadowlea

horrorfan [7]

Answer:

D. "Great brands do more than just get attention, they make emotional connections."

Explanation:

In the given scenario the aim of Manuel Margolis was to catch attention of clients aged 18 - 35 years. However Kia Chin developed campaign is based on the slogan "Do What You Do in a Shadowleaf Shoe." Visuals depict men’s legs—different sizes, skin colors, etc.—walking, jogging, dancing, and otherwise moving in every type of Shadowleaf’s shoes. After running the ads, the Excellent Agency wins an advertising effectiveness award.

This initiative created an emotional connection with the customer where the visuals attracted them and the comfort of Shadowleaf shoes made them loyal customers.

So the best statement Kia Chin can tell Manuel is "Great brands do more than just get attention, they make emotional connections."

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3 years ago