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andreyandreev [35.5K]
3 years ago
8

For product costs associated with a particular product to be reported on the income statement: Group of answer choices The produ

ct must be sold. The product must be transferred to Finished Goods Inventory. The company must expect to sell the product during the next twelve months. The product must still be in Work in Process Inventory. The product may be in any of the manufacturer's inventory accounts.
Business
1 answer:
m_a_m_a [10]3 years ago
3 0
Inventory is important
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in the gilded age, how did monopolies affect many small businesses? monopolies helped small businesses grow.
astra-53 [7]

In the Gilded age, monopolies affected the small businesses as the monopolies forced small businesses to shut down. A monopoly arises when a single corporation dominates the market for a given product or service.

Monopolies frequently result in the closure of the smaller businesses. One business can regulate the product prices when it controls a particular market. Due to their size, most the monopolizing businesses can afford to reduce their prices so much that no small business can compete. Because of this, the smaller companies are left with no alternative except to shut down or combine with the monopolizing firm.

To learn more about monopolies, click here

brainly.com/question/10441375

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7 0
11 months ago
In order for information to be meaningful, a firm's accounting processes and procedures should be certified as accurate by accep
otez555 [7]

Answer:

The correct answer is (D)

Explanation:

An independent auditor is an affirmed open bookkeeper or contracted bookkeeper who inspects the money related records and business exchanges of an organisation with which he is not associated. Organisations generally employ independent auditor to give fair suppositions about the precision of an organisations financial statements and cash flows. It is important to hire private auditors to scrutinise company’s financial flaws.

5 0
3 years ago
In many cases, the causes of scope creep reflect a misfit between ____.Multiple Choicetraditional project management methods bei
11111nata11111 [884]

Answer:

<em><u>The correct answer is:</u></em> traditional project management methods being applied to high uncertainty projects

Explanation:

Scope creep are common in projects, but they can raise concerns because they mean increased time and expense.

Scope increase may occur when there is a mismatch between traditional project management methods being applied to projects of high uncertainty.

This mismatch can mean that the control is inflexible and being a project of high uncertainty, it is quite possible that there will be changes during the project that include other processes and ways to achieve the expected objective.

This situation can cause frustration among stakeholders and waste of time and money, which can be avoided with more effective control and greater clarity about the project's objectives.

5 0
3 years ago
You are a dual income, no kids family. You and your spouse have the following debts (total): mortgage, $290,000; auto loan, $15,
aleksley [76]

Answer:

Total Insurance need          $166,500

Explanation:

Life insurance [DINK method]

Amount mortgage loan (half)  $145,000  

Auto loan(half)                   $7,500  

Credit card balance(half)  $2,000  

Other debts(half)               $4,000  

Funeral cost                          $8,000  

Total Insurance need          $166,500

7 0
2 years ago
Bramble Corp. reported the following year-end information: beginning work in process inventory, $270000; cost of goods manufactu
docker41 [41]

Answer:

The correct answer is: Cost of goods sold=$844000

Explanation:

The cost of goods sold refers to the direct costs attributable to the production of the goods sold in a company. This amount includes the cost of the materials used in creating the goods along with the direct labor costs used to produce the goods. It excludes indirect expenses, such as distribution costs and sales force costs.

COGS=Beginning Inventory+Production during period−Ending Inventory

Cost of goods manufactured= production during the period

COGS= 332000+866000-354000=$844000

8 0
3 years ago
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