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2 years ago

Select all that apply.

1 answer:

4 0

The statement that accurately describe the innovations that they've made is :
They begin display the merchandise in departements
This way, the customers will be attracted to the visuals of the products and will increase their sales

hope this helps

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Accounting systems that use standards for product costs are called budgeted cost systems. True False

Yuri [45]

Answer:

False.

Explanation:

Accounting systems that use standards for product costs are standard cost systems.

In Financial accounting, various business firms or companies use the standard cost systems to determine the variances or differences between the actual (real) cost of goods produced and the estimated cost for the goods that were produced by the company.

Hence, standard cost systems are used by business firms or companies as a strategic tool or technique for the management and control of costs, budget planning, and analyzing cost management performance at a specific period of time.

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3 years ago

The final task in designing a management information system (mis) is _____.

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The final task in designing a management information system (mis) is to provide information which is useful in decision making purposes. Management information system is computerized data base related to financial system. A management information system (mis) is a widely used for a three-resource system that is required for effective organization management.

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3 years ago

Michael Burda of Humboldt University in Germany and Daniel Hamermesh of the University of Texas examined how workers in the Unit

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GDP is the sum of all final goods and services produced by an economy in a given period. In calculating GDP only the final goods and services that are traded are accounted for. Thus, household services that do not generate income are not accounted for in GDP, only productive activities. Therefore, in the long run the tendency is that the GDP analyzed by this issue will decrease, because when the unemployment rate increases, fewer workers will be employed in the productive sector. These people may substitute work for leisure or household chores, but this will not count in GDP.

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2 years ago

Culver Corporation purchased machinery on January 1, 2022, at a cost of $288,000. The estimated useful life of the machinery is

Katarina [22]

Answer:

Please Kindly check the attach picture, the full working is there.

Explanation:

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3 years ago

Giddens Company adopted the dollar-value LIFO inventory method on December 31, Year 1. On December 31, Year 1, Giddens' inve

blondinia [14]

Answer:

The value of inventory at Dollar value LIFO is $510,000

Explanation:

dollar-value LIFO method

This is one of the techniques use to integrate inventory items into pool and then valuation is applied on pool rater than on individual item

To calculate the dollar value of ending inventory

we must

Determine value of ending inventory

Determine the difference between ending inventory and beginning inventory at the price of previous year

Determine the difference between ending inventory and beginning inventory at the current price

Add beginning inventory and difference at the current price to get the value of ending inventory on the basis of dollar value LIFO method

The information related to inventory of the company for the current year is given as follows

Beginning inventory is $400,000

Base price index is 100

Ending inventory at current price index is $550,000

Current price index is 110

INVENTORY VALUE AT DOLLAR VALUE LIFO IS CALCULATED AS FOLLOWS

Ending inventory value at base price index = $ $550,000\times\frac{100}{110}$

= $500,000

The increase in inventory at base price index is $500,000 - $400,000

= $100,000

The increase in inventory at current price index is $100,000 × $\frac{110}{100}$

= $110,000

Calculate inventory at end

inventory at end = inventory at the beginning + increase in inventory at current price

$400,000+$110,000

= $510,000

Therefore, value of inventory at Dollar value LIFO is $510,000

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3 years ago