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3 years ago

When using the specific identification inventory method, cost of goods sold equals the ______.

2 answers:

8 0

When using the specific identification inventory method, the cost of goods sold equals the "revenues from the goods sold."

This is because the specific identification inventory method calculates each unit of n item in an inventory from when it enters the inventory until it leaves it.

The specific identification inventory method is used by many industries such as automobiles, furniture, jewelry, etc.

This method is mostly used when each unit of items can be specified easily, either through serial number, stamped receipt date, or other means of identification.

Hence, in this case, it is concluded that the specific identification inventory method is a good method to use in certain industries.

Learn more here: brainly.com/question/15896939

Maurinko [17]3 years ago

3 0

Answer: cost of the actual item sold.

Explanation:

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Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:S

RoseWind [281]

Answer:

c. $17,400

Explanation:

The computation of the net operating income under absorption costing is given below:

unit product cost under Absorption costing

direct materials $29

direct labor $71

variable manufacturing overhead $17

fixed manufacturing overhead ($142,500 ÷ 9,500) $15

unit product cost $132

Now

Sales (9,100 × 156) $1,419,600

less:Variable cost of good sold (9,100 × 132) $1,201,200

Gross profit $218,400

Selling and administrative expense

variable selling expens (9,100 × 21) $191,100

Fixed selling & adm expense $9,900

Net operating income $17,400

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3 years ago

2. You're interested in the proportion of students in your school who favor the elimination of a local curfew on teenagers. Assu

lara [203]

Answer: The minimum number of students you need if you want the margin of error to be 5% IS 278.

Explanation:

Cochran’s Sample Size Formula gives the minimum number of students as $n= \frac{z^{2}pq }{e^{2} }$

Where:

e is the desired level of precision (i.e. the margin of error),

p is the (estimated) proportion of the population which has the attribute in question and q is 1 – p.

The z-value for 95% confidence interval is found to be 1.96 in a Z table.

Assuming that half of the teenagers favor the elimination of a curfew: this gives us maximum variability. So p = 0.5 and q=0.5.

Then $n= (\frac{1.96^{2}*0.5*0.5 }{0.05^{2} } )$

$n= frac{0.9604}{0.0025} }$

$n= {384.16 }$

Rounding up, $n= \frac{385 }$

But considering that 1000 is a small population, we can modify the sample size we calculated above formula by using this equation:

$s = \frac{n}{1 + \frac{n - 1}{N} }$

Where s is the adjusted sample size, n is the original sample size we calculated and N is the population size.

$s = \frac{385}{1 + \frac{385 - 1}{1000} }$

$s = \frac{385}{1 + \frac{384}{1000} }$

$s = 278$

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4 years ago

The constant growth model assumes which of the following?

Gwar [14]

The answer would be letter C, because the growth model promotes a rise or a growth in development. In which, it will create the stocks to be efficiently priced as time goes by for it is a requirement in terms of developing or having stocks to rise up in the contribution of the company. Executive stocks are not always available, privately held information does not follow on the relationship of the model and there is a restricted stock.

4 0

4 years ago

To develop a successful marketing plan for a soft drink, the process of ________ would most likely be used to group consumers on

OlgaM077 [116]

Answer:

Market Segmentation

Explanation:

Market segmentation is the process of dividing a market of potential customers into groups, or segments, based on different characteristics. The segments created are composed of consumers who will respond similarly to marketing strategies and who share traits such as similar interests, needs, or locations.

Market segmentation is the term for aggregating prospective buyers into groups that have common needs and will respond similarly to a marketing action.

3 0

3 years ago

According to the "Marketing and Selling Travel: The customer," people travel for business, for meetings, conventions, and semina

kenny6666 [7]

Answer:

MICE; GIT; FIT

Explanation:

Meetings, Incentives, Conferencing & Exhibitions.

The MICE market refers to a specialized niche of group tourism dedicated to planning, booking, and facilitating conferences, seminars, and other events, which is a big moneymaker in the travel industry.

Group Inclusive Tour

It is a travel program with a special fare and specific requirements usually a minimum number of persons often more than 5 persons traveling as a group throughout the tour.

Foreign Independent Tour

Though somewhat of a misnomer, an FIT is any customized independent tour arranged by a travel agent.

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3 years ago