Complete question:
amber is in charge of preparing an annual budget for her company. as part of the budgeting process, she must estimate COGS and ending inventory. which of the following statements is correct regarding the use of the gross profit method
amber must take a physical inventory to determine ending inventory and COGS
amber may utilize the gross profit method, but must also take a physical inventory
amber may utilize the gross profit method to estimate ending inventory and COGS
Answer:
Amber may utilize the gross profit method to estimate ending inventory and COGS
Explanation:
The gross profit method is a strategy used to measure the value at the end of the product. The method may be used with monthly accounting statements where a physical warehouse is not feasible.
(However, it is not a substitution for an actual physical inventory.) It is often used to measure the volume of lost products incurred by burglary, accident or other disasters.
For example, if a business buys products of $80 and sells them for $100, the gross profit is $20.
Answer:
E. avoid using statistics found on the Internet.
Explanation:
Statistics: It is a science of evaluating data collected by using quantified model and presenting the data in a simplified form.
There are six tips of using statistics in our speeches are:
- Use statistics to quantify your ideas
.
- Use statistics sparingly
.
- Identify the sources of your statistics
.
- Explain your statistics
.
- Round off complicated statistics
.
- Use visual aids to clarify statistical trends.
Hence, it never suggest to avoid using statistics found in the Internet as it is one of the source.
Answer:
The correct answer is "It explicates to the client that the solution is truly personalized "
Explanation:
The client immediately will be satisfied and he will feel that he selected the right place; this is the propose of the seller and his company.
Answer:
" Tax brackets are the divisions at which tax rates change in a progressive tax system. Essentially, tax brackets are the cutoff values for taxable income—income past a certain point is taxed at a higher rate. "
Annual inflationary loss of buying power is a valid criticism of the use of money as a store of value in modern economies.
Explanation:
As a result of a highly inflationary reduction in the buying ability of an economy, significant negative economic impacts emerge, particularly rising costs of consumer goods and services, with high-interest rates impacting global markets and lower ratings.
The buying power is the buyer's dollar value of credit to purchase additional stocks and bonds on the retirement account against the already marginal securities. Capacity can also be recognised as the purchasing power of the dollar.
