Answer:
a. both the cost of the goods sold and the cost of ending inventory.
Explanation:
The physical count is used in the periodic inventory system to calculate the amount of ending inventory. However the cost of goods sold can be derived from using the ending inventory count. Suppose we have ending inventory of 100 units and Purchases were 500 units Also there were no beginning inventory units so the Cost of goods Sold can be calculated as
Cost of Goods Sold= Beginning Inventory Add Purchases Less Ending Inventory
Cost of Goods Sold= 0 + 500- 100= 400
Answer:
Acquisition cost.
Explanation:
When Innove Tech is obtaining the technology from Ziff Corp.they are incurring acquisition cost.
Acquisition cost is the cost incurred for obtaining a property or asset including shipping, installation, taxes, customer fees, and testing.
The total cost of acquisition is what will be recorded as the book value.
For example if a software is purchased for $200,000. Installation and training cost is $30,000, the book value recorded for the software will be $230,000.
Checks written in November $9,750
Less: Checks paid by bank in November $8,800
Checks outstanding at the end of November $950
Add: Checks written in December $11,762
Less: Checks paid by bank in December 10,889
Checks outstanding at the end of December $1,823
hope this helps!
- a random freshman
Answer:
Option D is correct.
Third-degree price discrimination
Explanation:
tennis coach charges $15 per hour for tennis lesson for children and $30 per hour for tennis lessons for adults. This can be viewed as a practice of <u>Third-degree price discrimination.</u>
Third Degree Price Discrimination involves charging a different price to different groups of consumers for the same good. These groups of consumers can be identified by particular characteristics such as age, sex, location, time of use.
