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3 years ago

Describe the difference between a fixed-quantity (Q) and a fixed-period (P) inventory systems and provide an example for each.

Business

1 answer:

sergeinik [125]3 years ago

7 0

Answer and Explanation:

The fixed quantity inventory system, the quantity of an order or the lot size is fixed in nature i.e. the similar amount means the quantity is ordered each and every time. It could be managed by continonusly watching the level of inventory. Example - economic order quantity

On the other hand, the fixed period inventory system is a system in which the inventory is to be checked at fixed inventory. It is same as the periodic reveiw system instead of the continuous basis. Example - drugstore

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Which action will help increase a low FICO score?

Andreas93 [3]

Reducing credit card balances is the action will help increase a low FICO score.

The FICO mortgage score is between 300 and 850. Higher scores indicate lower credit risk. Each individual actually has 65 credit scores for the FICO scoring model because each of three national credit bureaus, Equifax, Experian and TransUnion, has its own database.

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3 years ago

Purchasing office supplies on account will: Multiple Choice Not change assets. Increase assets and decrease liabilities. Increas

Kobotan [32]

The correct option is C - Increase assets and increase liabilities

Explanation:

When anorganization purchases office supplies on account then it becomes essential to record such supplies as supplies on hand. Generally, in a business organization, the supllies on hand are used up within the span period of one year which means that they are to be recorded as current asset in the financial statement ( balance sheet). As no cash has been paid to merchandise, so it increases the liabilities also.

Therefore, it will increase the current assets and current liabilities.

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4 years ago

Which of the following is one result of international trade?

Reika [66]

The answer is "D. Trade creates new markets".

International trade is the trading of products and enterprises between nations. This sort of exchange offers ascend to a world economy, in which costs, or free market activity, influence and are influenced by worldwide occasions.

International trade enables us to grow our business sectors for the two merchandise and enterprises that generally might not have been accessible to us. It is the motivation behind why you can pick between a Japanese, German or American vehicle. Because of universal exchange, the market contains more noteworthy challenge and in this way progressively aggressive costs, which conveys a less expensive item home to the buyer.

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4 years ago

Read 2 more answers

Exercise 8-16 Disposal of assets LO P2 Diaz Company owns a milling machine that cost $250,000 and has accumulated depreciation o

kogti [31]

Answer and Explanation:

The Journal entry is shown below:-

1. Cash Dr, $0

Accumulated Depreciation-Machinery Dr, $182,000

Loss on Disposal of Machinery Dr, $68,000

To Machinery $250,000

(Being Equipment disposed is recorded)

2. Cash Dr, $35,000

Accumulated Depreciation Dr, $182,000

Loss on sale of Machinery Dr, $33,000

To Equipment $250,000

(Being Equipment sold is recorded)

3. Cash Dr, $68,000

Accumulated Depreciation Dr, $182,000

To Equipment $250,000

(Being Equipment sold is recorded)

4. Cash Dr, $80,000

Accumulated Depreciation Dr, $182,000

To Gain on sale of equipment $12,000

To Equipment $250,000

(Being Equipment sold is recorded)

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3 years ago

You're been placed in charge of all promotion for a product that has common appeal in different cultures around the world. You'l

borishaifa [10]

Answer:

True

Explanation:

A product that has common appeal in different cultures around the world would indeed require engaging in promotion. Why? Because each culture may have unique consumer behaviors.

For example, a popular product like Coke that has common appeal in different cultures around the world often engages in promotion in order to still keep existing customers and to acquire new ones because of the presence of other competitors.

5 0

3 years ago