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1 year ago

An advantage of using the retail method of inventory costing is

Business

1 answer:

alexandr1967 [171]1 year ago

7 0

Answer:

An advantage of using the retail method of inventory costing is

c.that it may be used as an aid in taking a physical inventory.

Explanation:

The retail inventory method is used by retailers that resell merchandise to estimate their ending inventory balances. This method is based on the relationship between the cost of merchandise and its retail price. The method is not entirely accurate, and so should be periodically supplemented by a physical inventory count. Its results are not adequate for the year-end financial statements, for which a high level of inventory record accuracy is needed.

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1 year ago

Toys-For-All is a toy manufacturing company. As the new production manager, Craig notices that the production unit has been unde

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Answer:

Procedure that is used in order to produce the desired quantity of products being produced.

Explanation:

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1 year ago

4: In 2013, the United States Postal Service charged $0.46 to mail a letter weighing up to 1 oz. and $0.20 per ounce for each ad

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Answer:

The function that would determine the cost in dollars, c(z), of mailing a letter weighing z ounces is (0.46 + 0.20z)

Explanation:

Weight of the letter = z ounces (z is an integer greater than 1)

cost to mail a letter weighing 1 ounce = $0.46

cost to mail an additional ounce = $0.20

cost to mail z additional ounces = z × $0.20 = $0.20z

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2 years ago

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Seth owns a local business that provides email updates on surf conditions. He is the only supplier of these email updates in San

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Answer:

Seth's total profits is $1,535.359

Explanation:

According to the given data we have the following:

MC = 0 and we will ignore fixed costs

Therefore TC = 0

Demand function in Santa barbara is

p = 74 - q

MR = 74 - 2q

Since Seth sets different uniform prices in two markets to maximizes his profit therefore ,

MR = MC

74 - 2q = 0

2q = 74

q=37

p = 74 - 37 = 37

Profit = pq - TC

= 37*37 - 0

= $1,369

Inverse demand finction Goleta is

p = 39 - 4q

MR = 39 - 8q

MR = MC

39 - 8q = 0

8q = 39

q = 4.875

p = 39 - 4.875 = 34.125

Profit = pq - TC

= 34.125*4.875 - 0

= $166.359

Therefore, Seth's total profits = $1,369 + $166.359

Seth's total profits= $1,535.359

Seth's total profits is $1,535.359

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1 year ago