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3 years ago

A periodic system of inventory:

Business

1 answer:

harina [27]3 years ago

4 0

Answer:

A. reduces record keeping.

Explanation:

A periodic system of inventory can be defined as a method of financial accounting, that typically involves updating informations about an inventory on a periodic basis (at specific intervals) as the sales or purchases are being made by the customers, through the use of either an enterprise management software applications or a digitized point-of-sale equipment.

Hence, a periodic system of inventory reduces record keeping because there's no continuous records in real-time of the amount of inventory sold or purchased by the customers.

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Hospitals, colleges and universities, and museums fall into the ______ category of business customers. reseller market governmen

sineoko [7]

Institutional markets are the category under which hospitals, colleges, museums, and universities come.

Institutional organizations buy goods and services for the production of their own goods and services. They are non-profit organizations that are established only to offer services to the public. These markets are categorized as low budgets and captive patrons.

The main player of the institutional department is the government. Most hospitals, colleges, universities, and museums fall under the control of the government. For the other hospitals, colleges, universities, and museums that are under the private players, a seperate account will be maintained by them for maintaining the record of transactions.

The other option like business customers which deals with the normal buying and selling transactions. The reseller market consists of the wholesaler market that sells goods to the retailer for reselling the goods. The government market is where government transactions are carried on. The producer market produces the goods or manufacturers the goods and sells them to the market. So the institutions that are provided all come into the institutional markets.

Learn what is institutional markets here:

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8 0

2 years ago

GPB's contribution margin ratio is 85% ( or .85) and its fixed monthly expenses are $63,000. Assume that the cost structure of G

KIM [24]

Answer:

Net income= $24,550

Explanation:

The contribution margin ratio is the result of deducting from sales all the variable costs, expressed as a percentage.

First, we need to calculate the total contribution margin:

Total contribution margin= sales*contribution margin ratio

Total contribution margin= 103,000*0.85

Total contribution margin= $87,550

Now, the net income:

Net income= 87,550 - 63,000

Net income= $24,550

7 0

3 years ago

_____ pricing occurs when the price of each unit as a multi-unit package of the same item is less than the price of each unit if

lora16 [44]

Answer:

Explanation

Multiple Unit Pricing is selling a product at a lower price than that of other products of the same categoryThis is true, in case of bulk orders.

A product is sold at a pre-decided price, which is equal or less than the maximum retail price or list price of the product.

Multiple Unit pricing is a pricing strategy which is used to push the sales of the product.

7 0

4 years ago

Identify the difference, advantages and disadvantages between Intuition Assessment and Structured Analytical Techniques (SAT).

Oduvanchick [21]

Answer:

Structured analytic techniques (SATs) are the ways which coherent thought are analysed in a systematic and transparent way so as to share and be critiqued by others.

Intuition Assessment on the other hand, is the way a person reacts to his Intuition and chooses to act on them.

SATs are more useful when it comes to analytical or logical decisions while IA is useful in making in the spot decision based on gut feelings.

8 0

3 years ago

The income statements for Federer Sports Apparel for 2019 and 2018 are presented below Required Prepare a horizontal analysis fo

nignag [31]

Answer:

FEDERER SPORTS APPAREL

Income Statement For the Years Ended December 31

Years Increase /(Decrease)

2019 2018 Amount %

Net sales 18,800,000 15,500,000 3,300,000 21.29%

Cost of goods sold 13,200,000 7,000,000 6,200,000 88.57%

Gross profit 5,600,000 8,500,000 (2,900,000) -34.12%

Operating expenses 1,600,000 1,200,000 400,000 33.33%

Depreciation expense 1,000,000 1,000,000 0 0

Inventory write-down 200,000 0 200,000 100%

Loss (litigation) 1,500,000 300,000 1,200,000 400%

Net Income $1,300,000 $6,000,000 (4,700,000) 78.33%

Explanation:

a) Federer Sports Apparel can use horizontal analysis as a technique for analyzing the financial statement changes over a period of time. It is a useful tool for Federer to evaluate its trend situations, using the financial statements of two years with the earlier year serving as the base year (or independent variable) while the latter year is the dependent variable.

6 0

3 years ago