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3 years ago

In a traditional enterprise, the flow of costs through the system is:

Business

1 answer:

Solnce55 [7]3 years ago

5 0

Answer:

c. materials inventory, work-in-process inventory, finished goods inventory, cost of goods sold.

Explanation:

Costs are not static, they are dynamic, therefore, they move through the value chain.

It all begins with the cost of raw materials that push the whole chain. Afterwards, the cost moves to the work-in-process inventory. When the goods are finished, the cost moves to finished goods inventory, with the storing cost firstly in mind. Lastly, the cost resides with the cost of goods sold, with the added costs of distribution and sales.

Accounting-wise, the flow of cost introduces the LIFO and FIFO systems, which relate to the way how cost is managed throughout the flow - backward or forward.

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Besides lowering price, what actions can Jackie propose to improve contribution margin?

alexira [117]

Besides lowering the price, Jackie can improve contribution margin by ensuring that:

Quality remains the same or better
the company leverages social media marketing which is cheaper than conventional marketing and is better targeted.

<h3>What does price reduction do?</h3>

Price reduction (if all other factors remain constant) helps to drive up demand. This is consistent with the Law of Demand in basic Economics.

If Jackie is trying to drive up profit margin, they must thus consider the options given above.

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2 years ago

Penn Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the

PSYCHO15rus [73]

Answer:

Total unit sold = Opening balance + Purhase in march + Purchase in August - Closing balance

Total unit sold = 2000 + 5000 +3000 - 4000

Total unit sold = 6000 units

1. FIFO method:

So total cost of goods sold is (2000*$5) + (4000*$6)= $34,000

Ending inventory value is (1000*$6) + (3000*$8) = $30,000

2. LIFO method:

So total value of goods sold is (3000*$8) + (3000*$6) = $42,000

Ending inventory value is (2000*6) + (2000*$5) = $22,000

3. Average cost of inventory:

Opening inventory (2000* $5) + Purchase on Mar.21 (5000*$6) + Purchase on August 1 (3000*$8) = $64,000

Total units = 2000 + 5000 + 3000

Total units = 10,000

Average cost is $64,000/10,000 (units) = $6.40 per unit

So, Cost of goods sold is 6000*$6.40 = $38,400

Ending Inventory value is 4000*$6.40 = $25,600

8 0

3 years ago

Bob and Tom are two criminals who have been arrested for burglary. The police put Tom and Bob in separate cells. They offer to l

algol [13]

Answer:

A. Check the attached image for the payoff matrix

B. Confess

C. Confess

D. 3 years. They could have avoided this by confessing.

Explanation:

The above question is known as the prisoner's dilemma. It is a form of game theory. It analyses the best option for a player in a game without regard for what the other player does.

The dominant strategy is the best decision for the player without considering what the other player does or without cooperation between the players. The dominant strategy for each of the prisoners is to confess because if one confesses and the other doesn't, the one that confesses goes free. If both prisoners confesses, they get 10 years each. These is a better option than not confessing and getting either 3 years or 15 years of prison sentence.

Because both players don't confess, hence they get 3 years in prison. They could have avoided the sentence by confessing.

I hope my answer helps you

5 0

3 years ago

What methods is used to determine whether a property is enumerable?

lana [24]

propertyIsEnumerable() The propertyIsEnumerable() method returns a Boolean telling if the specific property is enumerable and is the object's own property.

Enumerable properties are those with an internal enumerable flag set to true, which is the default for properties created through simple assignment or a property initializer. Object-defined properties, such as defineProperty, are not enumerable by default.

We must use the Object. defineProperty() method to create a non-enumerable property. This is a special method for creating objects with non-enumerable properties.

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1 year ago

How many different people and prices were considered when examining the demand for sunglasses?

kirill [66]

<span>In an effort to determine that demand for sunglasses we undertook an exhaustive study of two hundred people along with the types of glasses and the most preferable price points that each group, and subgroup were looking for. Out of 200 people we came up with 14 different price points, ranging from 9.95 all the way up to two 249.00 dollars. We also took into consideration the time of year, it was spring. Also we developed a demand curve based on the time of year and a any new styles that might become popular and developed a formula for refining any demand considerations.</span>

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3 years ago