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allochka39001 [22]
2 years ago
12

Southern Printing Corp. produces high-end booklets for university graduations listing all the participating students at a given

university. What inventory model would Southern use to optimize the amount of booklet inventory produced for each graduation
Business
1 answer:
Troyanec [42]2 years ago
7 0

Answer:

Single period

Explanation:

In the case when the corporation wants to generate the high end booklets for the graduations that listed for the students who participated so here we use the single period inventory model for optimizing the booklet amount of an inventory that generated for each graduation as it is same to be considered and relevant

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What budgeting option is best used only with limited resources and expenses?
4vir4ik [10]

Answer: Mental budgeting.


Explanation: This concept is very much in consistent with the concept of mental accounting. The concept of mental accounting says that a person has already classified the areas where he will be spending his income and each area has its own importance and is given particular amount to that. Contrary to this, however, the mental budgeting is the phenomenon which uses the same technique but in such a way that it calculates the amount to be spend on multiple areas beforehand and using the rational cognitive ability, imagine the possibility that if an area would be left without spending money on that, would that help him save or not.

4 0
2 years ago
Read 2 more answers
A short forward contract that was negotiated some time ago will expire in 4-month and has a delivery price of $42.25. The curren
padilas [110]

Answer:

the  value of the short forward contract is -0.49

Explanation:

the computation of the value of the short forward contract is shown below:

= (Delivery price - current forward price)× e^(risk free interest rate × no of months ÷ total number of months)

= ($42.25 - $42.75)× e^(-7.90% × 4÷12)

= -0.49

Hence, the  value of the short forward contract is -0.49

Therefore the same should be considered  

8 0
3 years ago
Canton Trade Mart has recently had lackluster sales. The rate of inventory turnover has​ dropped, and the merchandise is gatheri
Tomtit [17]

Answer:

Explanation:

Canton Trade Mart has recently had lackluster sales. The rate of inventory turnover has​ dropped, and the merchandise is gathering dust. At the same​ time, competition has forced Canton​'s suppliers to lower the prices that Canton will pay when it replaces its inventory. It is now December​ 31, 2018​, and the net realizable value of Canton​'s ending inventory is $ 50,000 below what the company actually paid for the​ goods, which was $270,000. Before any adjustments at the end of the​ period, the Cost of Goods Sold account has a balance of $760,000.

a. What accounting action that Canton should take in this​ situation is inventory write down - from cost to net realizable Value as is prescribed by financial reporting standards.

b. Give any journal entry required.

JOURNAL ENTRY

Dr. Cost of Goods Sold......(270,000 - 50,000)...$220,000

Cr. Inventory...................................................................................$220,000

Being inventory write down of closing inventory to net realizable value at year end.

c. At what amount should the company report Inventory on the balance​ sheet?

Net Realizable Value of  $50,000

d. At what amount should the company report Cost of Goods Sold on the income​ statement?

Cost of Goods Sold had a previous account balance of $760,000 and will now include the inventory write down of $220,000 making $980,000

e. Discuss the accounting principle or concept that is most relevant to this situation.

International Accounting Standard 2 (IAS 2) stipulates that inventory should be carried at the <u>lower of Cost or Net Realizable Value</u>

<u />

6 0
3 years ago
Read 2 more answers
Specific tariffs are: Group of answer choices levied as a proportion of the value of the imported good. government payment to do
adell [148]

Answer:

Option (D) is correct.

Explanation:

We all know that a country imposes tariffs on the imports of a commodity to restrict imports from other country.

Specific tariff is a type of tariff that will be imposed on the every unit of a commodity that will be imported in a country. It is a amount of money that a person have to pay for every unit he or she imports.

It is mostly levied on the products like Fertilizers, rice, wheat, cloth, sugar, cement, etc.

5 0
3 years ago
To ensure that plans are moving in the right direction, managers can use the ______.
zubka84 [21]
To ensure that plans are moving in the right direction, managers can use the "Planning/control cycle".

Planning/control cycle refers to the arranging which is set under a way in which there are motion activities or exercises to achieve the arranged objective. Control works direct and screen exercises for deviations from plans (i.e., accomplishment of goals). Planning utilizes input from controls to enhance/change designs and actualize correct activities where they are fundamental.
6 0
3 years ago
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