Answer:
1st question: B. inform you of coming trends.
Even after understanding your customer segment and satisfying your customers, you have to keep up with the market trends and the changing needs of customers if you need to be successful.
2nd question: C. Provide check boxes for each choice.
A simple question and check box type questionnaire is the best way to get customer feedback as it consumes less time to fill.
Explanation:
The amount of the option fee need to be on amount agreed to by the parties in order to be legally binding.
<h3>What is a lease agreement?</h3>
A lease agreement is a legal arrangement whereby a person give another person the right to possess the land for use in return for a periodic compensation.
However, the lease agreement can lead to permanent purchase, based on the agreement of the lease.
In conclusion, the amount of the option fee need to be on amount agreed to by the parties in order to be legally binding.
Read more about lease agreement
<em>brainly.com/question/24460932</em>
Answer:
Entry to record adjustment:
COGS Dr $9.4m
Inventory Cr $9.4m
Explanation:
The question relates to a change in accounting policy. According to IAS 8 (changes in accounting policy and estimate), a change in accounting policy is to be reflected retrospectively and prospectively, which means any changes should be implemented by bringing changes in the past records. Since CPS company has been using FIFO method, the inventory has been overstated in the financial statements. A shift to AVCO has resulted in a decrease in inventory value.
The value of inventory has to be reduced as a result of change in accounting policy (i.e $38m - $28.6m). This is the closing inventory so a reduction in the value of closing inventory results in an increase in cost of goods sold (COGS), therefore, the adjusting entry will be aimed at reducing inventory and increasing cost of goods sold, see as follows:
Entry:
COGS Dr $9.4m
Inventory Cr $9.4m
Answer: b. shoe-leather costs
Explanation:
This is the shoe-leather cost inflation. It refers to the time and effort expended by people to ensure that they are able to avoid their cash losing too much value to inflation. Includes for instance, going to the bank multiple times because you are holding little cash on hand so it does not lose value.
It is named shoe-leather costs as a play on words because it is assumed that the time and effort put will result in walking around alot and degrading the quality of your shoes.
Answer:
Total cost $24.44
Explanation:
Sardi Inc.
Make
Direct materials$10.00
Direct labor7.00
Variable manufacturing overhead 2.80
Fixed manufacturing overhead (30% × $4.80 is avoidable)1.44
Opportunity cost ($6.40 per unit ÷ 2 minutes per unit) × 1 minutes3.20
Total cost $24.44
Therefore the cost of making the component should be compared to the price of buying the component at $24.44
