What is meant by the term overage for retail space?

Q: What is physical asset market?

A: Definition: The Market where tangible assets can be purchases, sold and liquidity in case of default…

Q: How is the cost of goods sold calculated?

A: Cost of goods sold: Cost of goods sold is the total of all the expenses incurred by a company to…

Q: What is the concept of material inventory error?

A: Raw materials inventory: Raw material inventories are the primary materials which are used in the…

Q: What is shelf registration?

A: Answer: Shelf registration is subject to Securities and Exchange Commission SEC Rule 415 of the…

Q: What are the methods used to determine the cost of goods?

A:

Q: Describe about concept of the GOODS ON CONSIGNMENT?

A: Inventory:   Inventory refers to the raw materials, work-in process, and the finished goods…

Q: Define goods in transit? Explain?

A: Goods are the inventory of the seller and for purchaser, the goods can be the raw material, if the…

Q: Which does not belong to the group?   Titling costs Survey costs Architectural fees Assessment…

A: There are many types of costs and fees which are incurred when an asset is purchased or amount is…

Q: What are the possible problems associated with receiving goods ordered from a vendor/supplier?

A: Inventories are the stocks of the goods maintained by a company that can either be in the form of…

Q: why service industry involve operating expenses and retail industry involve operating expenses and…

A: Service Industries include those companies which offers only services to other industries. Retail…

Q: What do you mean by Revenue Centre?

A: An operational unit within an organization which is responsible for the activities and tasks…

Q: Define the term Raw-materials- inventory?

A: Inventory is the materials such as raw materials, finished products, in-process goods that are…

Q: Yard Professionals Inc. experienced the following events in Year 1, its first year of operation: 1.…

A: The ledger accounts will be prepared taking the journal as the source document. The ledger accounts…

Q: What is the answer to the Cost of goods sold?

A: Cost of goods sold means the difference between the sale and gross profit . It means the cost of…

Q: How do fixed asset systems differ from purchases systems?

A: Definition: Purchase system: The identification and procurement of the inventory needs for the…

Q: Cost of Materials Used P40,000 P55,000 P32,000 P28,000 P18,000 P28,000 P18,000 Direct Labor costs…

A: Cost of Goods Sold=Factory/Works Cost+Finished Goods, beg.-Finished Goods, end.

Q: NOT relevant to the calculation of the economic order quantity of a raw material:

A: Economic order quantity = [2*Ordering cost * Demand/Holding cost]^1/2 [Note: Demand is based on…

Q: What is the definition of valuation allowance?

A:

Q: Why is reduce inventory cost is an advantage of inventory outsourcing?

A: Inventory is defined as the goods as well as materials, which has the business holding for an…

Q: What is eviction?

A: Eviction as per law is the process of civil nature in which court allows landlord to legally remove…

Q: Explain the rationale for the ceiling and floor in the lower-of-cost-or-market method of valuing…

A: Definiton: Lower of cost or NRV: The meaning is lower of cost or net realizable value. Inventories…

Q: what is the cost of goods available for sale

A: The cost of goods available for sale is the sum of beginning inventory and the goods produced during…

Q: The following data was taken from the books of Rocka Ltd for the year ended December 31, 2010…

A: The Numerical has covered the concept of Cost of Goods Manufactured. The Schedule of Cost of Goods…

Q: Ellen Joyce Company is engaged in the manufacture of engines which are made only on customers'…

A: Job costing: It is a method of costing where in all the costs like direct material, direct labor and…

Q: What are some specific inventory carrying costs? As defined here,are these costs fixed or variable?

A: Examples embrace cash spent on feat product, interest paid on a procurement, interest lost once…

Q: What is the distinction between service and merchandisingcompanies?

A: Despite the fact that marketing organizations and administration organizations adjust to sound…

Q: On January 3, 2020, you conducted a surprise count in connection with your audit of the financial…

A: Petty Cash Fund: It is the small fund set up in an an organization  to pay  minor expenditures.