Answer:
C. Finished Goods Inventory account is credited.
Explanation:
In a perpetual system of inventory; which can be defined as a method of financial accounting, that involves the updating informations about an inventory on a continuous basis (in real-time) as the sales or purchases are being made by the customers, through the use of enterprise management software applications and a digitized point-of-sale equipment.
Under a perpetual system of inventory, updates of the journal entry for cost of goods sold or received would include debiting accounts receivable and crediting sales immediately as it is being made and Finished Goods Inventory account is also credited. The advantage of the perpetual system of inventory over the periodic system of inventory is that, it ensures the inventory account balance is always accurate provided there are no spoilage, theft etc.
Hence, when completed units are sold, Finished Goods Inventory account is credited.
<span>In order to compute the gestational age of their
fetus by determining the time of last menstrual period. Gestational age is also
called the menstrual age which measures the age of the fetus. Gestational age
is usually being computed by the date of the last menstrual period of the
mother and by doing an obstetric ultrasound to verify the size of the fetus and
thru this it can estimate the gestation age of the fetus. </span>
Answer:
Net Contribution of the Department $
Contribution margin 24,000
Less: Avoidable fixed cost 55,000
Net contribution (31,000)
The department should be eliminated. The financial advantage of eliminating the department is that it will increase the total profit of the whole company by $31,000
Explanation:
This question relates to deleting a product or segment. The net contribution will be computed by deducting the avoidable fixed cost from the contribution margin. The avoidable fixed cost is total fixed cot minus unavoidable fixed cost. Since the net contribution is negative, it implies that the department should be eliminated.
