What are some advantages and disadvantages of the specific identification method of accounting for inventory?
Question:
What are some advantages and disadvantages of the specific identification method of accounting for inventory?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
One advantage of the specific identification method is that both the ...View the full answer
Answered By
Ajeet Singh
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions.
I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life.
I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge.
I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields.
Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a teacher. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students.
4.90+
7+ Reviews
15+ Question Solved
Related Book For
Fundamental Financial Accounting Concepts
ISBN: 9781260786583
11th Edition
Authors: Thomas P. Edmonds
Question Posted:
Students also viewed these Business questions
-
What are some advantages and disadvantages of the profit/profitability numeric models?
-
What are some advantages and disadvantages of operating as a public corporation?
-
What are some advantages and disadvantages of organizing by product?
-
Suppose we have an automatic module on the module path named lizard-^-cricket-^-1.0.0-SNAPSHOT.jar and no Automatic-Module-Name specified. What module name should named modules use to reference it?...
-
In the previous chapter, you looked at the relationship between the number of wins by American League baseball teams and the average attendance at their home games for the 2013 season. Here are the...
-
Consider the following data regarding budgeted operations for 20X7 of the Austin division of Texas Products: Average total assets Receivables $ 220,000 Inventories . 290,000 Plant and equipment, net...
-
Compare and contrast components to objects.
-
Assume that interest rate parity holds. In both the spot market and the 90-day forward market, 1 Japanese yen = 0.0086 dollar. And 90-day risk-free securities yield 4.6% in Japan. What is the yield...
-
How is the cost for a plant asset measured in a cash transaction? In a noncash transaction? Please explain.
-
A spherical balloon expands when it is taken from the cold outdoors to the inside of a warm house. If its surface area increases 16.0%, by what percentage does the radius of the balloon change?
-
Bloomin Brands, Inc. is the corporation behind five restaurant chains: Outback Steakhouse, Carrabbas Italian Grill, Bonefish Grill, Flemings Prime Steakhouse and Wine Bar, and Roys. The following...
-
What are some advantages and disadvantages of using the FIFO method of inventory valuation?
-
Will under-applied and over-applied overhead arise under both actual and normal costing? Explain your answer.
-
Subset the data set to include only those individuals who lived in an urban area. Cluster the individuals using a combination of numerical and categorical variables. Determine the appropriate number...
-
In 1980, the U.S. inflation rate was 13.5 percent and the unemployment rate reached 7.8 percent. Suppose that the target rate of inflation was 3 percent back then and the full employment rate of...
-
Prove by induction that PathFinder computes shortest paths (and shortest-path distances) from the source to each vertex.
-
Calculate the inductance of a 2000 -winding cylindrical solenoid that is \(0.20 \mathrm{~m}\) long if the radius of each winding is \(0.030 \mathrm{~m}\).
-
What is a hybrid ARM?
-
For the particle in a box with infinitely high walls and for the harmonic oscillator, there are no continuum eigenfunctions, whereas for the hydrogen atom we do have continuum functions. Explain this...
-
Diamond Walker sells homemade knit scarves for $25 each at local craft shows. Her contribution margin ratio is 60%. Currently, the craft show entrance fees cost Diamond $1,500 per year. The craft...
-
When Polledo Corporation was organized in January 2012, it immediately issued 5,000 shares of $50 par, 5 percent, cumulative preferred stock and 10,000 shares of $10 par common stock. The companys...
-
B&S Corporation had the following stock issued and outstanding at January 1, 2012: 1. 100,000 shares of $5 par common stock. 2. 5,000 shares of $100 par, 5 percent, noncumulative preferred stock. On...
-
Varsity Corp. had the following stock issued and outstanding at January 1, 2012. 1. 200,000 shares of no-par common stock. 2. 10,000 shares of $100 par, 8 percent, cumulative preferred stock....
-
Give the worst-case Big O running time of this code and explain in detail how you arrived at this answer, assuming an ArrayList is passed. public static void f1( List 1st) { int i=0; while (i
-
Create a java program that will accept an integer and character. If the user input 'A', compute and display the sum of 10 integers else display "Invalid Character". run: Enter a letter: a Enter a...
-
Give the worst-case Big O running time of this code and explain in detail how you arrived at this answer. for(int j = 0; j < numItems; j++) { int i = numItems; while (i > 0) = i i 3; // integer...
Study smarter with the SolutionInn App