Answer:
COGS= $854,000
Explanation:
Giving the following information:
the cost of goods manufactured, $866,000
beginning finished goods inventory, $252,000
and ending finished goods inventory, $264,000
To calculate the cost of goods sold, we need to use the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 252,000 + 866,000 - 264,000= $854,000
Answer:
B $1,625
Explanation:
The computation of the ending inventory based on the lower-of-cost-or-market value is shown below:
The ending inventory units = Beginning inventory + purchase of inventory - selling units
= 15 units + 35 units - 25 units
= 25 units
So, the cost of ending inventory = ending inventory units × purchase price
= 25 units × $84
= $2,100
And, the market value equal to
= ending inventory units × replacement cost
= 25 units × $65
= $1,625
Based on the lower-of-cost-or-market value, the ending inventory would be $1,625
Answer:
Decision : It would be better to Replace Old Machine
Explanation:
Check the file attached for proper arrangement and explanation of the solution. Thank you.
Answer:
Exposure Bias
Explanation:
Basically, exposure bias states that consumer are more likely to buy brands which have higher brand recognition than new companies with no name recognition.
Answer:
The correct answer is a combination of factors and is explained below.
Explanation:
On the one hand, the marketing area inside the companies tend to be left apart or not given much of the attention that they actual need inside the organization and that is<u> due to the fact that the business' owner or even the managers sometimes thinks that there is a major importance in the finances of the enterprise or even in the production and its current quality</u>.
On the other hand, the marketing function inside an organization should be taking care as much as the other functions due to the fact that it has a very huge importance in the selling process of the company and therefore in its number of sales during an amount of time. Moreover, those companies that do not focus so much effort in the marketing will probably have a great product with a good quality but <u>they would not acquire a big number of sales because they would not know how to sell the product and to whom</u>, furthermore they would <u>find themselves selling much less that does companies that have a simple product but a good marketing mix</u>.
