Answer:
The cost that should be assigned to the inventory is $83,500
Explanation:
Inventory cost includes all those costs which is related to the inventory.
The computation of cost is shown below:
= Merchandised cost - discount + freight charges + insurance charges + import duties
where,
discount is given at 1 % of merchandise cost since hasham has paid within the discount period. So, discount will be $80,000 × 1% = $800
Now apply the above formula for computation:
= $80,000 - $800 +$2,500 + $300+ $1,500
= $83,500
Thus, we add all the inventory expenses and deduct discount expense because he had paid the amount within discount period.
Hence, the cost that should be assigned to the inventory is $83,500
Answer:
d. All of these answer choices are correct.
Explanation:
Intangible assets with an indefinite life are not amortized over the years although they are checked impairment loss that may have occurred during the year.
Intangible assets which have indefinite life provide cash flow for endless years. An example would be goodwill.
<span>A “SPIDER” model is developed that identifies key cognitive processes that are impaired when drivers divert attention from driving. SPIDER is an acronym standing for scanning, predicting, identifying, decision making, and executing a response.
Hence P represents Predicting.</span>
Answer:
Explanation:
Sales budget for may = 540
Sales budget for June = 670
Opening inventory for may = 190
Closing inventory for May = 155
Production in may =( 190+540)-155=575
Opening inventory in June = 155
Closing inventory = 165
Production in June = (155+670)-165=660
May material needs = 3(575+ (20%*660)
=3*707=2121 wheels
2121*24=$50,904
June material needs =3(660+(20%*640)
3*788=2364
2364*24=$56,736
As a general rule, utility-maximizing choices between consumption goods occur where the <u>price ratio and </u><u>marginal utilities</u><u> ratio of two goods are equal.</u>
Marginal application is the delivered satisfaction that a patron gets from having one greater unit of a terrific or provider. The idea of marginal software is utilized by economists to determine how great a deal of an item consumers are inclined to buy.
In economics, marginal utilities are the pleasure or advantage derived by ingesting a product. The marginal application of an amazing or carrier describes how a great deal of delight or pride is gained or misplaced by means of consumers because of the increase or decrease in intake by means of one unit. There are three sorts of marginal software. They're effective, negative, or zero marginal utility. For instance, if you like consuming pizza, the second piece of pizza brings you greater pleasure than best eating one piece of pizza. It approaches your marginal application from shopping pizza is fine.
However, after ingesting the second piece you feel complete, and you would not experience any higher from consuming the third piece. this indicates your marginal software from eating pizza is 0. Moreover, you would possibly experience unwell in case you devour more than three pieces of pizza. presently, your marginal application is bad. In other words, a terrible marginal utility indicates that each unit of goods or carrier fed on will do extra damage than desirable, with a view to causing the decrease of common utility level, while the nice marginal software shows that every unit of goods or services fed on will increase the general utility degree.
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