It may be A but if it isn't I'm sorry
The Stevensons because having the option to return could create a situation where The Pattersons have contradictory options. Contradictory options create discomfort according to cognitive dissonance.
Answer:
b. Cost of Goods Sold
Explanation:
An inventory turnover can be defined as a measure of the amount of times an inventory used or sold by an organization at a specific period of time. The inventory turnover is calculated by dividing cost of goods sold by average inventory.
The Expense Account selected for inventory parts would normally have the account type Cost of Goods Sold.
Answer:
B. Market Value Method
Explanation:
First, it should be noted that Joint Product costing method allocates joint costs based on the the value of sales per time. Furthermore, Joint costs ratio to the value of sales remains the same for all the products that are evaluated based on the method. When we talk of value of sales, we are automatically referring to the value at which the market receives the product or buys the product so this is market value method.
The implication of this, is that the gross profit percentage used for all the products undert this costing method will be the same. oint product costing method.
This costing method is usually employed by a business when maunfacturing process of the production process of goods is such that there is a stage where products are split off for different reasons. The production costs or manufacturing costs before the split of must be allocated threfore, a costing method (Joint Product Costing Method or Market Value Method) is assigned.
This question is usually asked during job interviews. The interviewer wants to know what skills and knowledge do you have that will help him/her tell if the job is really suitable for you. You will just have to enumerate the technical skills you are confident on based on your experience and previous lessons.