Which inventory costing method requires that a company keep track of the cost of each specific unit of inventory?.
Answers
The inventory costing method which requires that a company keep track of the cost of each specific unit of inventory is known as the “Specific Identification Method.”
This method records each cost associated with an item of inventory and matches it with a specific sale or purchase.The specific identification method is only used for inventories that are made up of unique, high-cost items. For instance, an antique dealer that has an antique lamp inventory would use this method.The specific identification method is a time-consuming process that takes more effort than other inventory valuation methods like weighted average and FIFO or LIFO inventory valuation.
In conclusion, the specific identification method is the best option for companies that sell high-cost or unique items and want to keep track of the cost of each specific unit of inventory.
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Related Questions
what are the three most important value drivers that managers can use to create a competitive advantage?
Answers
The correct answer is that The most important value drivers that managers can use to create a competitive advantage are. -complements -product features -customer service.
What is competitive advantage?Competitive advantage is central to an organization's performance in a competitive marketplace.
Differentiate your company from its competitors and pave the way for higher profit margins, greater return on investment and accumulation of valuable resources.
Competitive advantage comes from the value a company can create for its customers. Sometimes this comes in the form of lower prices than competitors for the same benefits, and sometimes in the form of unique benefits that offset the higher prices.
Ultimately, the value created for the customer must outweigh the initial cost of creating that value for the organization.
There are two types of competitive advantage-> Low cost - when a company can manufacture a product at a lower cost than its competitors.
Differentiation – When an organization can differentiate its products and services in terms of quality, style, customer service, etc. to provide customers with better value than their competitors.
Cost advantage and differentiation is the ability to better manage industry structure, or industry forces (as introduced in Michael Porter's model of five forces) that influence profitability, than competitors.
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What are examples of keys in a database's second normal form? Check all that apply turn key, foreign key, primary key, multiple key, composite key, composition key.
Answers
Answer: 2, 3, and 5
Explanation:
Answer:
foreign key, primary key, composite key
Explanation:
a nurse is replacing the surgical dressing on a client who had abdominal surgery which fo the follwooing actioin should th enurse take
Answers
In replacing the surgical dressing of a client who had abdominal surgery, the nurse should prioritize maintaining a sterile environment, inspecting the wound, and ensuring the patient's comfort. These actions are crucial for promoting wound healing and preventing infection.
The first step involves the nurse washing their hands and donning clean gloves. Removing the old dressing should be done carefully to prevent unnecessary pain or damage. After removal, the nurse should inspect the wound for signs of infection or improper healing. New gloves should be worn before applying a sterile dressing, which should be secured without causing discomfort. It's essential to communicate with the patient throughout the process, explaining the steps and ensuring their comfort. Lastly, disposing of the old dressing properly and washing hands after the procedure is important to prevent cross-contamination.
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In your own words, what is a franchise?
List 3 examples of franchises
1.
2.
3.
If you had to open a franchise and money was not an issue, which franchise would you choose and why?
Where would you open the franchise? Cleburne? In Texas? Where?
Answers
Answer:
an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, e.g., providing a broadcasting service or acting as an agent for a company's products.
1.Restaurants,
2.hotels,
3.resorts
hotel, because In the case of a hotel franchise, the franchisor is going to be a hotel brand, such as Hyatt, Hampton, or Sheraton, to name a few.
Answer:
I would choose the Franchise Dunkin Donuts since many people get hungry in the morning. And since plenty of people work in the day times. It would be a mastermind full proof plan of sweet success.
Explanation: I eat books
a store at the mall having a minimum age requirement for workers is an example of which category of employee rights?
A. employee polygraph protection
B. workers compensation
C. workplace safety and health
D. wages and hours
Answers
Answer:D
Explanation:
I believe !
An example of a category of employee rights is a store in a mall that has a minimum age restriction for employees. Another example is salaries and hours. Hence option D is correct.
What rights do workers have?You won't experience bullying or unjust treatment because of your race, colour, religion, sexual orientation, gender identity, national origin, handicap, age, or genetic information. Equal payment is made for comparable effort.
The Act establishes and makes clear three rights for employees: a "right to know" about the risks associated with their employment, a right to report workplace hazards to OSHA, and a right to protection against reprisals for exercising OSHA-protected rights.
Elimination of all forms of child labour, effective outlawing of forced or involuntary labour, and the abolition of discri mination based on unjust treatment employment and occupation, the right to associational freedom, and.
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The value of a share of common stock depends on the cash flows it is expected to provide, and those flows consist of the dividends the investor receives each year while holding the stock and the price the investor receives when the stock is sold. The final price includes the original price paid plus an expected capital gain. The actions of the marginal investor determine the equilibrium stock price. Market equilibrium occurs when the stock's price is -Select- its intrinsic value. If the stock market is reasonably efficient, differences between the stock price and intrinsic value should not be very large and they should not persist for very long. When investing in common stocks, an investor's goal is to purchase stocks that are undervalued (the price is -Select- the stock's intrinsic value) and avoid stocks that are overvalued. The value of a stock today can be calculated as the present value of -Select- stream of dividends:
Answers
Answer:
marginal investor
equal
less
infinite
Explanation:
the value of a stock depends on the sum of the value of the dividend yield and capital gains yield
dividend yield = dividend / price of the stock
capital gains yield is a change in the value of the stock as a result of appreciation in the value of the stock.
The intrinsic value of a stock can be calculated using various dividend models. some of them include :
The Gordon constant growth dividend model The two stage dividend growth model The H-model The three stage dividend growth modelThe market is in equilibrium when price equal intrinsic value
a stock is undervalued when the price of the stock is less than its intrinsic value
A stock is overvalued when the price of the stock is greater than its intrinsic value.
An investor would want to purchase a stock that is undervalued so that they can take advantage of increase in the value of the stock
Th dividend used to calculate the intrinsic value is infinite. This is because dividends are paid infinitely as long as the investor holds the stock and the company exists
How many nickels make 30 cents?.
Answers
A nickel coin is equal to 5 cents. To make 30 cents, we need 6 nickels.
The nickel is the five-cent coin of the United States. Thomas Jefferson, our third president, is depicted on the obverse (heads) of the nickel. Although the current portrait is from 2006, he has been on the cent since 1938.
The United States Mint added a new portrait of Jefferson to the front of the nickel in 2005 to give the currency a more modern appearance. Joe Fitzgerald created the image. The Mint had designed two possible reverse sides of the coin, each with a distinct motif based on "a Westward Journey." One design portrayed the American bison, while the other depicted the Pacific Ocean, the expedition's ultimate aim.
A nickel = 5 cents.
It means that:
2 nickels = 2 x 5 cents = 10 cents
3 nickels = 3 x 5 cents = 15 cents
Therefore, to get 30 cents, we need: 30/5 = 6 nickels.
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Which of the following steps in the management decision-making process does not generally involve the managerial accountant? Determine possible courses of action. Make the appropriate decision based on relevant data. Prepare internal reports that review the impact of decisions. None of these answers are correct.
Answers
Answer:
Make the appropriate decision based on relevant data.
Explanation:
Management involves the control, planning and organization of the affairs of a business firm.
Basically, the management of an organization is saddled with the responsibility of planning, organizing, controlling and staffing within the organization.
The four (4) main management activities are;
I. Organizing
II. Controlling
III. Motivating.
IV. Planning.
Managerial accounting also known as cost accounting is an accounting technique focused on identification, measurement, analyzing, interpretation, and communication of financial information to managers for better decisions making and pursuit of the organization's goals. Thus, it's an accounting system that is used by an organization to report both monetary and nonmonetary information.
In the management decision-making process, making the appropriate decision based on relevant data does not generally involve the managerial accountant.
A managerial accountant is an individual who is saddled with the responsibility of gathering and communication of financial information to managers for better decisions making.
During World War II, many American companies focused on manufacturing materials for military use;
following the war and a return to a peacetime economy there was a resurgence in marketing research.
From the list below, identify which research strategy was introduced following World War II.
O very short surveys
O motivational research
customer rewards
O opinion polling
O focus groups
O experimental testing of products by consumers
Answers
American businesses specializing in producing supplies for the government have used customer incentives, motivational studies, and very brief surveys.
What is motivational research?The phrase "motivation research" is used to describe a variety of qualitative research techniques that were created to delve into consumers' minds and elucidate the hidden or subliminal motivations and objectives driving everyday consumption and purchasing habits. Marketing professionals benefit in a variety of ways from motivation research. They are able to adjust their marketing by better understanding why customers may or may not purchase their goods. The target market for various goods and services can also be determined with its assistance. Any letter of motivation should start out simply, mentioning the program you're applying for. Describe your future project's clear career purpose in the first place, as well as your selection of this specific PhD program.To learn more about motivational research refer to:
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Select all that apply.
Select all reasons data mining is important to businesses.
It cuts costs.
It identifies long-term goals.
It solves problems.
It increases profits.
Answers
I sole’s problems increase profits
Answer:
a,c,d
Explanation:
a (blank) is a rule or limit placed on the supply of a good or service by the government
Answers
A price ceiling is a rule or limit placed on the supply of a good or service by the government.
Why is there a price ceiling?A price ceiling is the imposed upper limit on what a seller may charge for a good or service. Price ceilings, which are normally established by law, are frequently applied to necessities like food and energy supplies when they become expensive for regular consumers.
A price cap is advantageous to whom?Benefits accrue to individuals who are able to buy the product for the lower price set by the price ceiling, but sellers of the goods and others who are unable to buy the commodity at all suffer.
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11. Which of the following statements about the role of managers
is true?
a. Managers are responsible for the success or failure of the
company.
b. Managers make up the greatest percentage of employees in a
business.
C. Managers are responsible for completing the day-to-day work
a business.
4. Managers spend most of their time planning for the future.
Che first level of management
Answers
The TRUE statement about the first (highest) level of management is 4. Managers spend most of their time planning for the future.
These managers are appointed by the owners of the business to act as agents in the interests of their principals. However, the ordering depends on the person. Sometimes, this first-level is assigned as the third-level, in reverse order.This level of management is not necessarily involved in operational activities. The managers at this level do not constitute the greatest percentage of the workforce.While first-level managers bear the responsibility for the success or failure of their company, they usually assign the function of overseeing business success and failure to the middle-level managers, who also supervise the lower-level managers.Thus, the first-level of managers are the managers who plan for the future of the company.
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A student will decide to attend class when
A. The Marginal Cost in low
B. The Marginal Benefit of attending exceeds the marginal cost of attending
C. There is an attendance policy
D. The Marginal Benefit is positive
Answers
A student will decide to attend class when there is an attendance policy. Thus, option (c) is correct.
What is policy?The term policy refers to are the rules are the described in the details are the mention. The policy are the making follow to the country and the employees of the company. The policy are the making the company of the solving the issues.
A student was the decided to regularly attend lectures or classes was the main motive to fulfill the attendance policy. The attendance was the necessary to appear in the exam. An attendance was the help to gain good marks in the exams. An attendance policy was the best policy.
As a result, the student will decide to attend class when there is an attendance policy. Therefore, option (c) is correct.
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When consumers in the United States buy products made by China, they are buying imported goods.
True or False
Answers
A college student could take an elective course that inspires him or her to
study a secondary field, which is caled:
A. a minor.
B. a specification.
C. a specialization.
D. an elective requirement.
Answers
Answer:
it should be A a minor
Explanation:
The primary field of education is called a Major while a secondary one is a minor.
Answer:
A. a minor
Explanation:
somebody who's just a teen
what happens if you overdraw your checking account?
Answers
Answer:
Your bank can close your account and report you to a debit bureau, which may make it hard for you to get approved for an account in the future.
How can we start a business
Answers
Answer:
1.conduct market research.Market research will tell you if there is an opportunity to turn your plan into successful business
2.write your business plan
3.fund your business
4.pick your business location
5.choose your business location
6.choose your business name
7.register your business
8.get federal and state tax IDs
Who prefers safer (less risky) projects?
Answers
Individuals with lower risk tolerance generally prefer safer projects, but the decision ultimately depends on personal preferences, financial goals, and risk profile.
In general, individuals who have a lower tolerance for risk tend to prefer safer (less risky) projects. This can vary depending on their personal preferences, financial goals, and overall risk profile.
Investors who are more risk-averse may prefer to invest in low-risk options such as bonds, mutual funds, or index funds, which offer stable returns over time and are less likely to experience significant fluctuations in value. On the other hand, those who are more comfortable with risk may prefer to invest in high-growth assets such as stocks or real estate, which may offer higher returns but come with greater volatility and risk.
Additionally, investors who are closer to retirement age may prefer safer projects as they have less time to recover from market downturns. Conversely, younger investors may be more willing to take on risk as they have a longer time horizon to ride out market fluctuations.
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Does anyone know were I can find all the answers to EverFI
Answers
How do you think the Finance & Accounts department affects the other areas?
Answers
Financing also plays a role in the growth of a company. Without having advance orders and payment, growth would not be a possibility without financing. In most cases, company growth is preceded by an investment in more employees, more inventory, another location, etc.
Explain why circulation and ratings system determine how much money different advertisements costs to run
Answers
The reason why circulation and rating systems measured the number of money should be described below.
Circulation and rating systems should be used to measure the advertisement rates by presenting the amount of information i.e. getting out and getting noticed by customers. The advertising system should be works this way since more and more customers should be more opt to watch these ads due to this it result more sales for producers.
PLEASE HELP SOON WILL GIVE BRAINLIEST
Some families may not wish to fill out a CSS Profile because:
OA. the FAFSA provides the same information.
B. it asks for detailed financial information.
C. they are not interested in scholarships.
OD. the college essay is sufficient.
Answers
Answer:
my answer is
Explanation:
D: the college essay is sufficient.
Some families might decide the college essay is adequate and they don't need to complete a CSS Profile. Thus option (D) is correct.
What is Profile?Older Italian profile "a drawing in outline," from profile "to draw in outline," from pro "forward" (from PIE root *per- (1) "ahead") + flare "draw out, spin," from Late Latin flare "to spin, draw out," first recorded in English in the 1650s.
You don't need to submit a CSS Profile if your school isn't on that list, but you will still be eligible for non-federal funding. Your eligibility for both federal and non-federal aid will be determined by the university using the information from your FAFSA.
Therefore, Thus option (D) is correct.
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at flourish and blotts Arthur weasley did what
Answers
Note that the above prompt is related to Harry Potter Lexicon (Chapter 4). It is also to be noted that Lucius Malfoy taunts Arthur Weasley for socializing with Muggles (Mr. and Mrs. Granger) at Gilderoy Lockhart's book signing at Flourish and Blotts, and Arthur lunges at Lucius.
What Occurred thereafter?Following the above events, the ruckus disturbs the bookshelves. An Encyclopedia of Toadstools strikes Lucius in the eye, while Arthur suffers a lip cut.
Molly and the assistant manager of Flourish and Blotts implore in vain for the guys to cease fighting. Hagrid finally separates them. In the midst of the confusion, Lucius sneaks Riddle's journal into Ginny's cauldron.
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After reconciling the advance payments, how much Child Tax Credit will Chloe be able to claim on her 2021 federal income tax return
Answers
Answer:
i have no idea. i just needed to answer a question sorry to bother and yea ill come back to this answer.
The side of the market that deals with the willingness and ability to produce and sell is:
a. demand.
b. competition.
c. supply.
d. monopoly.
Answers
The side of the market that deals with the willingness and ability to produce and sell is called supply.
Supply refers to the quantity of a product that sellers are willing and able to offer for sale at a given price. The willingness to produce and sell a product is influenced by various factors such as the price of the product, costs of production, availability of raw materials, technology, and government policies. When the price of a product increases, suppliers are incentivized to produce and sell more of that product in order to increase profits. Conversely, when the price of a product decreases, suppliers may be less willing and able to produce and sell the product due to lower profits. In addition, factors such as availability of resources and technology can affect a supplier's ability to produce and sell a product. Overall, supply is an important factor in determining the equilibrium price and quantity of a product in a market economy.
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If cultural differences between two friends are highly salient, those differences would be __________.
Answers
If cultural differences between two friends are highly salient, it means that these differences are prominent, noticeable, and receive significant attention or importance in their relationship.
When cultural differences between two friends are highly salient, it means that these differences play a central role in shaping their interactions, perceptions, and understanding of each other. The cultural aspects, such as values, beliefs, customs, traditions, and behaviors, become significant focal points that are readily apparent and acknowledged in their relationship. These differences may lead to heightened awareness and sensitivity to cultural nuances, resulting in discussions, exchanges, and even potential challenges arising from divergent cultural perspectives.
The salience of cultural differences can impact various aspects of the friendship, including communication patterns, decision-making processes, social norms, and expectations. It may influence how the friends perceive and interpret each other's actions, create opportunities for learning and sharing cultural knowledge, or potentially lead to misunderstandings or conflicts if not effectively navigated. Acknowledging and embracing cultural differences can foster mutual understanding, respect, and appreciation, enriching friendship by promoting intercultural dialogue and the exploration of diverse perspectives.
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WILL MARK BRAINLIEST
Before Thanksgiving, the price of turkeys increase and the
demand also increases. Is this a violation of the law of demand?
No, according to the demand curve, a price increase results
in a demand increase.
Yes, according to the demand curve, a price increase
results in a demand decrease.
No, a non-price factor is increasing the demand and
causing the demand curve to shift right.
Yes, a non-price factor is increasing the demand and
causing the demand curve to shift left.
Answers
which of the following statements is true about the relationship between business processes and information systems? group of answer choices information systems incorporate all business process activities and hence, should be developed before business processes. the relationship between business processes and information systems is one-to-one. developing information systems before business processes ensures that all activities are considered in the development process. a business process need not relate to any information system, but an information system relates to at least one business process.
Answers
A business process need not relate to any information system, but an information system relates to at least one business process, this statements is true about the relationship between business processes and information systems.
A business process is a logically related sequence of actions that specify how particular business tasks are carried out. It is a distinctive method of coordinating work, information, and knowledge inside an organization. Business processes are important for managers to be aware of since they affect how well a firm can conduct its operations and could provide a competitive edge. Each of the main business functions has its own unique business processes, but many of them are cross-functional. Information systems assist firms restructure and streamline business operations by automating certain of these procedures.
The official organizational division in charge of information technology services is the information systems department. It is in charge of maintaining the networks, data storage, hardware, and software that make up the company's IT infrastructure. The department is often led by a CIO and is made up of professionals including programmers, systems analysts, project managers, and information systems managers.
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Drag the tiles to the correct boxes to complete the pairs.
Match the education qualification with the correct career.
general manager of a hotel
restaurant manager
sous chef
bachelor's degree in travel and tourism
high school diploma
associate degree in culinary arts
master's degree in hospitality management
room attendant
Answers
Hotel Manager qualifications a track record in a managerial position, preferably at a hotel.
What requirements must a hotel management meet?Hotel Manager qualifications a track record in a managerial position, preferably at a hotelEnglish proficiency.Foreign language proficiency is a major bonus.knowledge in all aspects of hotel management.excellent MS Office proficiency.X years of management software expertiseExcellent interpersonal skills.You must have both leadership experience and industry experience before you can become a general manager.Bachelor in Hospitality Management is the degree you need.Among serious candidates for chefs, associates degrees in culinary arts are the most often requested curricula.Bachelor of Arts in Travel and Tourism ManagementTo learn more about qualification refer to:
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These mineral deposits can be found by plates boundaries because they brought to the surface through?
Answers
Incomplete question. The missing part of the text which adds some context read:
Minerals, such as aluminum, copper, and gold are non-renewable resources. When mineral deposits are found, they can be mined. These mineral deposits can be found by plate boundaries because they are brought to the surface through ______
Answer:
weathering
Explanation:
The term weathering when used in geography often refers to the process that involves the breaking down or dissolving of rocks or the minerals contained in the soil. This process could then lead to mineral deposits been brought to the surface of the soil.
Hence, based on this understanding, we can conclude that the best term to complete the gap is the "weathering".