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Daniel [21]
3 years ago
9

The specific identification method (select all that apply): matches each unit of inventory with its actual cost is not an accept

able method of accounting would be beneficial to a company that makes inexpensive products with high sales volume would be beneficial to a company that makes fine jewelry
Business
1 answer:
liberstina [14]3 years ago
4 0

Answer:

<h2>The specific identification method</h2>

a) matches each unit of inventory with its actual cost

d) would be beneficial to a company that makes fine jewelry

Explanation:

The specific identification inventory valuation method is one of the inventory valuation method allowed by U.S. GAAP.   The other allowed methods are weighted average; and first in, first out (FIFO).  The specific identification method identifies every item kept in inventory and its price and tracks it from purchase to resale.  Some types of businesses that use the specific identification method are jewelry companies and stores, car dealerships, art galleries, and furniture stores, who can easily identify each item and track the cost and price respectively.

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Each business day, on average, a firm writes checks totaling $17000 to pay its suppliers. The usual clearing time for the checks
BaLLatris [955]

Answer:

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Explanation:

DISBURSEMENT FLOAT -

Formula that can be used to calculate the disbursement float is  =

Amount of average monthly check written X Average number of days it

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Where, amount of average monthly check = $17,000

and average number of days for it to be cleared = 4 days

Disbursement float = $17,000 x 4

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COLLECTION FLOAT -

Formula that can be used to calculate the collection float is  =

Amount of average monthly check received X Average number of days it

                                                                             takes to clear check

Where, amount of average monthly check =-$22,000

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NET FLOAT -

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= $68,000 - $44,000

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7 0
3 years ago
You want to purchase a new motorcycle that costs $29,800. The most you can pay each month is $510 over the life of the 78-month
TiliK225 [7]

Answer:20,5369%

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Alisiya [41]

Answer:

Explanation:

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