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wariber [46]
3 years ago
8

managers typically monitor inventory very closely to ensure that sufficient units are available for sale and to prevent inventor

y from becoming:
Business
1 answer:
Inga [223]3 years ago
4 0

Managers generally keep a tight eye on inventories to ensure that there are enough units offered for <u>sale</u> and that <u>stock</u> does not become outdated.

First in, first out (FIFO) provides a more realistic outcomes. Its because computing profit from stock is simpler, making it easier to update company financial accounts while also keeping costs down.

It also implies that old stock isn't re-counted or kept useless for lengthy periods of time.

So, Outdated is correct answer.

Learn more:

brainly.com/question/5101734?referrer=searchResults

You might be interested in
Based on the marginal principle, would it make sense to for a business to expand their hours of operation if they project $1,500
krek1111 [17]

Answer:

Yes, because they will net $300 per week

Explanation:

According to the marginal principle, production can be increased if marginal revenue would exceed marginal cost. It means that the venture would be profitable

Marginal cost is the increase in cost as a result of increasing output by one unit.

total marginal cost = 1000 + 50 + 150 = 1200

Marginal revenue is the increase in revenue as a result of increasing output by one unit.

Marginal revenue exceeds marginal cost by (1500 - 1200) 300. Thus, hours of operation can be increased

6 0
3 years ago
Krall Company recently had a computer malfunction and lost a portion of its accounting records. The company has reconstructed so
victus00 [196]

Answer and Explanation:

The missing amount is as follows:

<u>Return on        Profit     Investment    Operation   Sales           Average </u>

<u>Investment      Margin      Turnover       Income     Revenue   Invested Assets</u>

5%                    10%             0.50             $70,000   $700,000    $1,400,000

(0.50% of 10)  ($70,000       ($700,000 ÷

                        ÷ $700,000)  $1,400,000)

4%                     8%              0.50           $100,000    $1,250,000  $2,500,000

(0.50 of 8%)                                                      (0.50 of $2,500,000)

15%                    12%             1.25           $168,000   $1,400,000    $1,120,000

(1.25 of 12%)                           (12% of $1,400,000) ($1,400,000 ÷ 1.25)

10%                    5%                2           $30,000     $600,000          $300,000

                ($30,000 ÷ $600,000)  (10% of $300,000)   ($600,000 ÷ 2)

     

4 0
3 years ago
USA bank has an average balance of transactions accounts, August 10 to 23, of $824.46 million. The average balance in the cash a
oee [108]

Answer:

Explanation:

minimum reserve = 491.226

Reserve held through 21 days = 37 x 12 = 444

To be held last two days = 47.226

check the picture attached for more explanation to the problem

7 0
3 years ago
On January 1, Kirk Corporation had total assets of $851,000. During the month, the following activities occurred: Kirk Corporati
White raven [17]

Answer:

Ending balance of assets is $ 857,100

Explanation:

Computation of total assets of Kirk Corporation

Opening Assets                                                            $ 851,000

Purchase of equipment                                               $      6,100

Purchase of supplies for cash                                     $            0

Sale of land at cost                                                       $            0

Agreement for storage space                                     <u>$             0</u>

Ending balance Assets                                                $ 857,100

Purchase of equipment on credit increases assets

Purchase of supplies for cash is neutral. Supplies ( considered as included in inventory) is paid in cash asset increases and decreases

Sale of land at cost is also neutral for asset purposes

Agreement to rent storage space is not an executed transaction

8 0
3 years ago
Consider the following information from the records of Bennington Corporation. The company uses the weighted-average method. Bri
Rom4ik [11]

Answer:

$3,735

Explanation:

The computation of the total cost that will be included in the numerator of that calculation is shown below:

= Beginning work in process + cost added during the period

= $350 + $3,385

= $3,735

Basically, we added the beginning work in process and the cost added during the period

The same amount is shown on the numerator side while calculating the cost per equivalent unit

3 0
4 years ago
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