Answer:
An adjustment to retained earnings is necessary when when there is a change from LIFO to FIFO.
Calculating the effect on retained earnings:
- In the year 1 company followed LIFO and recorded ending inventory at $177500. Had it followed FIFO it would have recorded at $195000. So there would be increase in income of $17500 (195000 - 177500).
- In year 2 it followed LIFO and recorded opening inventory at $177500 and closing inventory at $355000 and thereby recording Net closing stock of $177500 (355000 - 177500). Had it followed FIFO it would have recorded a net stock of $195000.(390000-195000). So there would be increase in income by of $17500 (195000 - 177500).
So in total of 2 years there would be an increase of $35000 Net income i.e., Retained earnings and increase in stock value of $35000.
The journal entry is:
Inventory A/c Dr $35,000
To Retained earnings A/c $35,000
Explanation:
Answer:
D) a focused strategy.
Explanation:
A focus strategy is a method that deals in development, marketing & selling products to the niche market that can be the type of consumer, product line etc
Here the differentiation should be used for each kind of user via tailoring also it used the large area of services via artificial intelligence
Therefore the option d is correct
Answer:
the net income under absorption costing is $398,080
Explanation:
The computation of the net income under absorption costing is shown below:
= Net income under variable costing + (change in inventory units × fixed overhead cost per unit)
= $392,100 + ((4,500 units - 3,200 units) × $4.60)
= $392,100 + $5,980
= $398,080
Hence, the net income under absorption costing is $398,080
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Do you know the answer cause I. Need help aswellllllllllll
I hope this would help...
If the company decided to offer services and benefits that doesn't focus with any specific target, there is no segmentation. This is known as u<span>ndifferentiated strategy, They tried to ignore specific target and try to appeal to the whole market. That's why for some, they call it mass marketing.
Companies use this strategy so their message will reach the largest number of consumers. This is actually a good strategy as it don't limit target audiences.</span>
