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Nina [5.8K]
3 years ago
12

An advantage of the _____ costing method is that the cost of goods sold approximates its current cost.

Business
1 answer:
Komok [63]3 years ago
8 0

Answer:

weighted average

Explanation:

An advantage of the weighted average costing method is that the cost of goods sold approximates its current cost. This is mainly due to the fact that the cost of each unit is made equal to the same cost of all units that are currently available for sale during that extended period of business. Therefore approximating its total current cost.

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What is the purpose of annotating mail?
NARA [144]
To annotate something is to look over. You need to re-check your mail before you send it off. Make sure the address is right. Make sure everything on there is correct before you send it off. The people that deliver the mail need to make sure they are giving the right person the right mail.<span />
3 0
3 years ago
On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at t
ss7ja [257]

Answer and Explanation:

The amortization schedule is presented below:    

Date          Cash   Interest expense    Amortization Balance

                        A              B                           C = (A - B)

January 1, Year 1                                              $58,998

                                                                                                    D

End of Year 1 $3,944     $3,717                     $227                 $58,771

                                                                                                  E = D - C

End of Year 2  $3,944    $3,702.573            $241                 $58,530

End of Year 3  $3,944     $3,687.39            $257                 $58,273

End of Year 4  $3,944     $3,671                   $273              $58,000

Working notes:

For computing the missing amount first we have to find out the interest expense rate which is

= $3,717 ÷ $58,998

= 6.30%

For year 2,

The interest expense is

= $58,771 × 6.30%

= $3,702.573

For year 3,

The interest expense is

= $58,530 × 6.30%

= $3,687.39

4 0
4 years ago
Based on the following information, determine the location quotient for KuDu City and whether this city has a competitive advant
Nata [24]

Answer: 7.24

Explanation:

The location quotient for this question can be calculated by;

=  ( Employment in Amusements and Recreation in KuDu City / Total Employment in KuDu City) / (Employment in Amusements and Recreation (nationally) / Total Employment (nationally))

= (54,446/578,477) / (1,381,377/ 106,201,232)

= 7.2359

= 7.24

5 0
3 years ago
Ethel is a widow and is approaching 75 years of age. Historically, she has deposited all of her money into her bank savings acco
7nadin3 [17]

Answer: C. Ethel should maintain an appropriate savings balance to cover unforeseen circumstances and should consider investment in a balanced mutual fund, which carries lower risk, higher yields than CDs, and the potential for growth

Explanation:

Given Ethel situation and history, Ethel should maintain an appropriate savings balance to cover unforeseen circumstances.

As a result of her age and due to the fact that she possesses a limited investment experience, there may be too much risk for her if she focuses on large-cap securities

Therefore, she should should consider investment in a balanced mutual fund, which carries lower risk, higher yields than CDs, and the potential for growth.

5 0
3 years ago
Driehaus Manufacturing intends to increase capacity through the addition of new equipment. Two vendors have presented proposals.
makvit [3.9K]

Answer:

A. The crossover point in units is 9000 units

B. Alternate B or Proposal B should be chosen

Explanation:

a.

Let x be the number of units.

The profit equation for option 1 can be written as (20-11)x - 62000

The profit equation for option 2 can be written as (20-14)x - 35000

The crossover point is where both optons yield equal profit thus equation 1 = equation 2.

(20-11)x - 62000 = (20-14)x - 35000

9x - 62000 = 6x - 35000

9x - 6x = 62000 - 35000

3x = 27000

x = 27000 / 3

x = 9000 units

b.

At 8300units,

Profit from proposal A is = 9(8300) - 62000 = 12700

Profit from proposal B is = 6(8300) - 35000 = 14800

Thus option B is more profitable at this unit.

7 0
3 years ago
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