An art gallery can be a type of business that uses a periodic inventory method.
<h3>What is a periodic inventory method?</h3>
It corresponds to a system used by companies to control and evaluate their stock. In this periodic system, the inventory account would be closed only after an accounting period, such as 1 month or 1 year for example.
In the periodic inventory, the stock accounts would not be updated after each sale and purchase, and the company would be able to analyze and track its stock only after the end of the stipulated accounting period.
Therefore, an art gallery would probably be a company that would use the periodic inventory system because it offers works of art that are generally unique and do not have more than one piece in stock, and sell few units per month.
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Net worth is the value of all the non-financial and financial assets
owned by an institutional unit or sector, minus the total of all its
outstanding liabilities. The value of all of the Worthingtons assets
Worthingtons have a net worth of $412,700. The Answer is b.
Answer:
True
Explanation:
George Elton Mayo was well known for his theory about the human relations management which shed lights on things that drive employees motivation. The theory also tells about the factors which affects the productivity of employees, this lead to extensive research in this field which extended the field of human relations management. So it is true that scientific management study has a great contribution from Elton Mayo that lead to further studies of factors that increases the productivity of the employees.
Answer:
$906,500
Explanation:
The computation of cost of goods manufactured for April is shown below:-
Cost of goods manufactured = (Sales revenue - Gross margin) + Ending finished good - Beginning finished goods
= ($1,570,000 - $635,000) + $ 103,500 - $132,000
= $935,000 + $103,500 - $132,000
= $906,500
Hence, the correct answer is $906,500