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zloy xaker [14]
3 years ago
9

Which of the following inventory costing methods shown below is required by GAAP (Generally Accepted Accounting Principles) for

external financial reporting?absorption costingvariable costingthroughput costingdirect costing
Business
1 answer:
adoni [48]3 years ago
8 0

Answer: the correct answer is absorption costing.

Explanation: Absorption costing is a costing method that takes into account all costs related to manufacturing a particular product.

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A dwelling with a replacement cost of $150,000 was insured under a Homeowners 3 policy for $105,000 at the time the roof was des
Mazyrski [523]

Answer: $13125

Explanation:

The amount that the insurer will pay to settle this loss will be calculated thus:

= Insured claim × Insurance value / 80% of replacement value

= 15000 × 105,000 /80% × 150000.

= 15000 × 105,000 / 120000

= 13125

Therefore, the insurer will pay $13125

3 0
3 years ago
Traditionally, small businesses tended to be concentrated in the ________ industry.
DENIUS [597]
Traditionally, small businesses tended to be concentrated in the retail or retailing industry.

The retail industry involves a business that sells good or services to a consumer. The sell these items based on the demand of the good or service. Even today, the retail industry is growing fast and still one of the main focuses of small businesses. 
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3 years ago
Recher Corporation uses part Q89 in one of its products. The company's Accounting Department reports the following costs of prod
luda_lava [24]
Yes, basically I have no Idea what you talking about. I heard that if you answer questions you can ask more. thanks.
6 0
2 years ago
Mark is selling gourmet apples at a price of ​$3 per pound. ​ currently, he sells 150 pounds of apples per week. this​ week, mar
Dafna1 [17]
Mark's initial revenue was $450 (150lb)($3) and his new revenue was $500 (100lb)($5). Since Mark's revenue increased when the price if apples rose, the demand for Mark's gourmet applies must be inelastic. Elastic, because even though there was a change in price, the change in price wasn't substantial. 
4 0
3 years ago
Read 2 more answers
At the beginning of the current year, Paxx County’s enterprise fund had a $125,000 balance for accrued compensated absences. At
valentina_108 [34]

Answer:

a. $425,000

Explanation:

<em>Calculation of compensated absences expense for the year</em>

Closing balance of compensated absences        = $150,000

+ Payments made for compensated expenses   =   $400,000

- Opening balance of compensated absences    =<u> - $125,000</u>

Compensated absences expense for the year =     $425,000

7 0
3 years ago
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