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barxatty [35]
3 years ago
13

When does the cost of inventory become an​ expense? A. When cash is collected from the customer B. When inventory is purchased f

rom the supplier C. When inventory is delivered to a customer D. When payment is made to the supplier
Business
1 answer:
borishaifa [10]3 years ago
5 0

Answer:

C. When inventory is delivered to a customer

Explanation:

As we know that the inventory is good that the company sold to the customers. Through these goods, the company can able to generate huge profits and gain a competitive advantage in the market

But when we talk about the inventory cost that converted into an expense is when we delivered the product to the customer. It would be represented in the company books as an expense. Until sold, it cannot be converted

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The competitive firm's demand curve is: a. unit elastic over the relevant range of output. b. perfectly elastic over the relevan
shepuryov [24]

Answer:

perfectly elastic over the relevant range of output.

Explanation:

In a perfect competition there are many firms in the market selling goods that are usually homogeneous in nature. Each individual firm will not be able to influence the price for which it offers goods and services to the customer.

The firm's are price takers and there is no barrier to entry.

This results in a situation where for all levels of quantity demanded there is no change in price, and demand curve is a horizontal line.

7 0
3 years ago
At March 1,2020, Candy inc. Had supplies on hand of $500. During the month Candy purchased supplies of $1200 and used supplies o
solong [7]

Answer: The March 31 adjusting journal entry shoud include $1200

Explanation: Given that the

Supplies on hand = $500

Candy purchased supplies of $1200 and used supplies of $500

The unused supplies will be:

1200 - 500 = 700 dollars

The March 31 adjusting journal entry shoud include the addition of the supplies on hand and the unused supplies. That is,

500 + 700 = 1200 dollars

8 0
3 years ago
Select the correct answers. What term refers to the practice of shortening a product line? A. sub-branding B. line filling C. li
VashaNatasha [74]

Answer:

C) line pruning is ur ansr mate!❤️

4 0
3 years ago
The efficiency of the fixed factor of production is measured by the
puteri [66]

Buildings, land, machinery, plants and top Management are the fixed products from which the efficiency is measured.

<h3>What is fixed factor of production?</h3>

Fixed factors are those that remain constant regardless of whether output increases or decreases. These often include physical spaces like offices and factories, as well as capital goods like machinery and computer systems.

Thus, Buildings, land, machinery, plants and top Management

For more details about fixed factor of production, click here:

brainly.com/question/14641043

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8 0
1 year ago
Julia's is an upscale women's clothing store. prices are based on customers' beliefs about the value of the clothing. the store
Elis [28]
The answer to the question is "Customer- Oriented".

<span>Julia's is an upscale women's clothing store. prices are based on customers' beliefs about the value of the clothing. the store focuses on a limited target market and provides excellent customer service.Julia's is using a CUSTOMER ORIENTED pricing strategy.</span>
3 0
2 years ago
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