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shutvik [7]
3 years ago
15

Backflush costing is a costing method that: Charges current production costs directly to finished goods inventory. Charges curre

nt production cost directly to work-in-process inventory. Charges current production costs using actual costs incurred.
Business
1 answer:
pychu [463]3 years ago
7 0

Answer:

Charges current production cost directly to work-in-process inventory

Explanation:

The blackflush costing is the costing method in which the present cost of production would be charged to the work in process inventory in a direct way

Therefore as per the given situation the second option is correct

ANd, the rest of the options are wrong as it does not meet the criteria

So the second option would be taken into consideration

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Penningtons Superstore, which specializes in plus-size fashions for women, wanted to see if it should add a line of plus-size ju
Julli [10]

Answer: (C) Collect relevant information    

Explanation:

According to the given question, the Pennington superstore is one of the women fashion store which is specialized in the Plus- size and based on the given statement it basically reflect the relevant information marketing research process.

The process of collecting the relevant information about the specific topic helps in analyzing the necessary data about the company on the basis of the customer requirement.

According to the given question, the process of reflecting about the relevant marketing research information is to collect the relevant data or information on the specific concept.

Therefore, Option (C) is correct answer.    

4 0
3 years ago
I have a complaint about Brainly. It used to be extremely helpful, but I've had 2 major issues. Who do I speak to/where do I go?
pogonyaev
Contact support and they can help you there. Posting your complaints here will not do anything
7 0
3 years ago
A corporate policy should never make a value statement about the environment or other social and political issues, because it is
AlekseyPX

Answer:

(a) true

Explanation:

A corporate policy should never make a value statement about the environment or other social and political issues, because it is doubtful the company can live up to the proclamation.

5 0
3 years ago
Lloyd Inc. has sales of $600,000, a net income of $60,000, and the following balance sheet: Cash $145,800 Accounts payable $192,
pogonyaev

Answer:

The new quick ratio is 4.6

Explanation:

Current ratio = Current assets / Current liabilities

2 = (Cash + receivables + inventories) / (Accounts payable + other current liabilities

2 = ($145,800 + $230,040 + inventories ) / $192,780

2 = $375,840 + inventories / $192,780

$385,560 = $375,840 + inventories

Inventories = $385,560 - $375,840

Inventories = $9,720

This means that inventories worth of $881,280 [ $891,000 -$9,720] were sold.

Also, if the funds so gained are used to reduce common equity, meaning buying back the equity at book value, hence common equity is $166,860 [ $1,048,140 - $881,280]

ROE before selling off the inventory = Net income / Stockholder's equity

= $60,000 / $1,048,140

= 0.057 or 5.7%

ROE after selling off the inventory = Net income / Stockholder's equity

= $60,000 / $166,860

= 0.40 or 40%

The firm's new quick ratio

= [ Current assets - inventories] / Current liabilities

= [$1,266,840 - $9,720] / $270,540

= $1,257,140 / $270,540

= 4.6

4 0
3 years ago
ABC Corp., a producer of XYZ, has stores both in the bustling commercial city of Nashton, as well as the nearby small town of Oa
podryga [215]

Answer:

C. Customers in Nashton were more likely than customers in Oakville to view XYZ as a luxury good.

Explanation:

If Nashton customers viewed the product as luxury good, their demand was more elastic. So by charging higher price in the more elastic segment, company had a decrease in total revenue.

6 0
3 years ago
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