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il63 [147K]
3 years ago
10

Howe Corporation calculates inventory and cost of goods sold one time at the end of every accounting period. In contrast, Kelty

Industries updates their inventory and cost of goods sold accounts multiple times in one day. What is the difference between Howe and Kelty?
Business
1 answer:
Mariana [72]3 years ago
3 0

The difference is only in the strategy the company wants to use. For some market segments calculating the cost of goods sold by the permanent or periodic method may be more advantageous and allow a better monitoring of business efficiency and profitability. Companies often choose the method that best fits their organizational strategy. The periodic method, for example, as used by Kelty Industries, can be useful for greater input and output control, process optimization, consumer behavior assessment, and other advantages. But if Howe and Kelty wanted to change the calculation method, it would not affect anything, as the result would be the same regardless of the calculation, periodic or daily.

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People who use white hat SEO tactics try to trick the search engine into thinking a website has high-quality content, when in fa
kiruha [24]

Answer:

False

Explanation:

White hat SEO is also called simply SEO and it is the practice of improving content of a website using approved Google search engine optimisation techniques.

Search engine optimisation is the process by which content of a website are made to be of high quality. Search engines rank web content based on how relevant they are to the enquiry made.

The more relevant the content the higher it ranks on search engines.

However black hat SEO techniques are used to fool search engines into thinking the content is of high quality. Practices such as keyword stuffing is a black hat technique which is penalised by Google.

3 0
3 years ago
The following standard costs pertain to a component part manufactured by Bor Co.:
larisa [96]

Answer:

Relevant cost= $30

Explanation:

Giving the following information:

Direct materials $4

Direct labor 10

Factory overhead 40

Standard cost per unit $54

Fixed cost is 60% of applied factory overhead, and is not affected by any make or buy decision.

<u>The relevant cost in a "make or buy" decision is the cost that can be avoided. Therefore, the fixed manufacturing cost is not relevant.</u>

<u></u>

Relevant overhead= 40*0.4= $16

Relevant cost= 4 + 10 + 16

Relevant cost= $30

3 0
3 years ago
Folsom Fashions sells a line of women's dresses. Folsom's performance report for November Year 1 follows.Actual : Dresses Sold:
ElenaW [278]

Answer:

(B) $5,000 favorable.

Explanation:

Variable cost flexible budget variance:

budget for 6,000 units total variable cost: $180,000

We divide the total cost by the activity in that budget:

$180,000/ 6,000 = 30

Now we multiply by the actual volume:

5,000 x 30 = 150,000

Now we do flexible budget - actual cost = variance

150,000 - 145,000 = 5,000 favorable

It is favorable, as the cost where less than expected.

4 0
3 years ago
Gold Peak is a brand of iced tea introduced by Coca-Cola North American and intended to taste like the tea ""Mom used to brew.""
Lostsunrise [7]

Answer:

The correct answer is introductory.

Explanation:

In short, it is the stage where the conception, definition and experimental period of the product is fixed, studies say that more than 70% fail to launch to the market. It is characterized by:

  1. Low sales volume
  2. Great technical, commercial and communication investment.
  3. Great effort to fine-tune the manufacturing means.
  4. Difficulties to introduce the product in the market.
  5. Low saturation of your potential market.
  6. Few bidders.
  7. Special dedication of the sales team.

In summary, this phase is characterized by a negative profitability due to the great resources that are necessary to manufacture, launch and refine the product, compared to the sales volume achieved.

7 0
3 years ago
On January 1, 2021, the Excel Delivery Company purchased a delivery van for $111,000. At the end of its five-year service life,
sveta [45]

Answer:

Annual depreciation = $44,400

Explanation:

Given,

Purchase price of the delivery van = $111,000

Salvage value = $11,400

Useful Life = 5 years

We know that

annual depreciation under double declining balance (%) = (100%/useful life)*2

Putting the value in the formula, Annual depreciation (%) =   (100%/5)*2

                                                                                               = 40%

Annual depreciation = Purchase Price*Percentage of annual depreciation

Annual depreciation = $111,000*40% = $44,400

6 0
3 years ago
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