1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nalin [4]
3 years ago
13

The specific identification method of costing inventories is used when the company sells large quantities of relatively low-cost

homogeneous items. physical flow of units cannot be determined. company sells a limited quantity of high-unit cost items. company sells large quantities of relatively low-cost heterogeneous items.
Business
1 answer:
Mila [183]3 years ago
7 0

Answer:

company sells a limited quantity of high-unit cost items.

Explanation:

A specific identification method can be defined as a method used for determining the ending inventories cost.

Basically, this type of method for costing inventories typically involves doing a well-detailed physical count of each goods bought on a specific date or a particular period of time, so as to determine the exact number of goods remaining by the end of the year's inventory. Therefore, each of the goods purchased are tagged with their unit price and any other additional charges.

Hence, the specific identification method of costing inventories is used when the company sells a limited quantity of high-unit cost items.

You might be interested in
What is the most advanced type of traditional postsecondary degree?
algol [13]

doctoral degree definitely!

6 0
3 years ago
Delisa Corporation has two divisions: Division L and Division Q. Data from the most recent month appear below: Total CompanyDivi
NikAS [45]

Answer:

b. $212,174

Explanation:

Division Q's contribution margin = $157,780

Division Q's sales = $343,000

Division Q's contribution margin = $157,780 ÷ $343,000 = 0.46

Division Q's traceable fixed expenses = 97,600

Division Q's break-even in sales dollars = 97,600 ÷ 0.46 = $212,174

Therefore, the break-even in sales dollars for Division Q is closest to $212,174.

6 0
4 years ago
The construction supervisor working with your company gives you directions to meet him at your company’s new commercial developm
Alexus [3.1K]

Answer:

The answer is C) Differing frames of reference, for the first part.

B) Be more aware of your frame of reference, is the answer to the second part.

Explanation:

Frame of reference simply means that it is a judgement you make based on your perceptions, understandings and  opinions. Frame of reference is highly subjective and depends on each individual.

In this scenario, from Supervisor's point of view, the drive was a "Short" drive. But for you, the drive was "Super long".

By being aware of how the other person refer to certain matters and having a general idea about his/her frame of reference will solve this problem in the future.

7 0
3 years ago
Audrey sanborn has just arranged to purchase a $450,000 vacation home in the bahamas with a 20 percent down payment. the mortgag
mote1985 [20]

Aubrey pays 20% of the cost upfront, which means her loan amount will be 360,000. The formula to calculate her monthly payment is Payment = Principal x (r) / (1-(1+r)^n), where r is the monthly rate of interest (7.5%/12=.63%), and n is the number of terms (30*12=360). The calculation yields a monthly payment of 2517.17. We can find the present value of the first 96 payments (12 x 8) to find how much principle will be paid down, and what the balloon payment will need to be to pay off the rest of the principle.

<span>The Remaining balance of a loan is found through the following calculation: PV(1+r)^n – (P(1+r)^n)-1))/r where PV is the initial loan amount, P is the monthly payment 2515.17, n is 96 and r is .0063, the monthly rate</span>. This calculation gives us roughly $325,001 remaining on the loan after 8 years, so this will be the balloon payment. 

3 0
4 years ago
Which of these is NOT a federal spending category?
zhenek [66]

Answer:

Contractionary

Explanation:

There is no such a thing as Contractionary spending. The only 3 categories used for federal expending are:  mandatory spending, discretionary spending and interest on debt.

6 0
3 years ago
Other questions:
  • The following General Fund information is available for the preparation of the financial statements for the City of Eastern Shor
    13·1 answer
  • Since telecommuting has become more common, workers have needed to develop communications skills that _______.
    7·2 answers
  • A stockbroker predicts whether a stock will go up or down by tossing a coin and so has a 50% chance of making a correct predicti
    12·1 answer
  • How does a thesis statement prepare a reader for the written information they will be reading?
    15·2 answers
  • ****30 POINTS*******If you were about to launch a new business, would you write your business plan from scratch or use a softwar
    15·1 answer
  • When reimbursing the petty cash fund: Multiple Choice Cash is debited. Petty Cash is credited. Petty Cash is debited. No expense
    11·1 answer
  • JohnBoy Industries has a cash balance of $54,000, accounts payable of $134,000, inventory of $184,000, accounts receivable of $2
    6·1 answer
  • During the year ended December 31, year 8, Dalgiesh Co. had sales of $1,500, cost of goods sold of $800, and sales, general and
    15·1 answer
  • Wildhorse Co., a ski tuning and repair shop, opened on November 1, 2016. The company carefully kept track of all its cash receip
    10·1 answer
  • Victor works for a telemarketing company that is on a very tight budget. He has been tasked with finding a method for the compan
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!