What is a major advantage and a major disadvantage of the specific identification method of inventory costing?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 52% (17 reviews)
Inventory Costing inventory is an asset that is ready for sale ...View the full answer
Answered By
Hemstone Ouma
"Hi there! My name is Hemstone Ouma and I am a computer scientist with a strong background in hands-on experience skills such as programming, sofware development and testing to name just a few. I have a degree in computer science from Dedan Kimathi University of Technology and a Masters degree from the University of Nairobi in Business Education. I have spent the past 6 years working in the field, gaining a wide range of skills and knowledge. In my current role as a programmer, I have had the opportunity to work on a variety of projects and have developed a strong understanding of several programming languages such as python, java, C++, C# and Javascript.
In addition to my professional experience, I also have a passion for teaching and helping others to learn. I have experience as a tutor, both in a formal setting and on a one-on-one basis, and have a proven track record of helping students to succeed. I believe that with the right guidance and support, anyone can learn and excel in computer science.
I am excited to bring my skills and experience to a new opportunity and am always looking for ways to make an impact and grow as a professional. I am confident that my hands-on experience as a computer scientist and tutor make me a strong candidate for any role and I am excited to see where my career will take me next.
5.00+
8+ Reviews
23+ Question Solved
Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Question Posted:
Students also viewed these Managerial Accounting questions
-
What is the main advantage and the main disadvantage of an unconditional policy commitment?
-
What is the principal advantage and the principal disadvantage of the direct method of reporting cash flows from operating activities?
-
What are the biggest advantage and the biggest disadvantage of franchising? Justify your answer.
-
The following information is available for Marigold's Hot Dogs: Actual production Budgeted production Standard direct labor hours Actual direct labor hours Standard variable overhead rate Actual...
-
Study George Weston Ltd.'s January 8, 2017, share issuance entry given on pages 440-441, and answer these questions about the nature of the transaction: 1. If George Weston had sold the shares for...
-
Derive an expression for tan(/2) in terms of sin and cos .
-
Suppose that you work for Barclays, PayPal, Visa, or any other major organization that is vulnerable to phishing. (It will be easier to answer this question if you choose an organization for which...
-
Choose the term or phrase below that best completes each statement. a. Accounting b. Identifying c. Recording d. Communicating e. Governmental f. Artificial intelligence g. Language of business h....
-
Entries for Issuing Bonds Thomson Co. produces and distributes semiconductors for use by computer manufacturers. Thomson issued $800,000 of 10-year, 6% bonds on May 1 of the current year at face...
-
Richard chooses technique 0 and 2 requiring 10+10-20 efforts and provising 10+11=21 benefits. Hence, 21 is returned as the output Example 2: input1: 3 input2: (10,10,10,10) input3: (10,11,12,15)...
-
What transactions might be included in a multiple-column purchases journal that would not be included in a single column purchases journal?
-
The selection of an inventory cost flow method is a decision made by accountants. Do you agree? Explain. Once a method has been selected, what accounting requirement applies? Discuss.
-
Your boss at Scott Sampson Products, Inc., has just provided you with the schedule and lead times for the bracket in Problem 14.8. The unit is to be prepared in week 10. The lead times for the...
-
(25 Points) University Painting is considering investing in a new paint sprayer to allow them to paint more classrooms in less time. The sprayer would have the following cash flow and cost of capital...
-
Use the following information for questions 1 and 2. Caterpillar Financial Services Corp. (a subsidiary of Caterpillar) and Sterling Construction sign a lease agreement dated January 1, 2020, that...
-
Summit Regional Medical Center operates as a private not-for-profit hospital, providing services to a community of 20,000 and the surrounding rural areas. Summit has maintained a banking relationship...
-
Woodland Wearables produces two models of a smart watch, the Basic and the Flash. The watches have the following characteristics: Basic Flash Selling price per watch $ 3 3 0 $ 4 9 0 Variable cost per...
-
Introduction This practice case has been designed to give introductory-level business students practical experience in the application of accounting concepts. This practice case will provide students...
-
What is the most common example in transfer pricing of a clash between divisional action and overall company profitability? lop1
-
When is the indirect pattern appropriate, and what are the benefits of using it?
-
When you decide to breed your Labrador retriever Molly and sell the puppies, you discover that two of Mollys four siblings have developed a hip disorder that is traceable to the action of a single...
-
The financial statements of Zetar plc are presented in Appendix C. The companys complete annual report, including the notes to its financial statements, is available at www.zetarplc.com. Instructions...
-
(a) What is the primary objective of financial reporting? (b) Identify the characteristics of useful accounting information.
-
(a) What is the primary objective of financial reporting? (b) Identify the characteristics of useful accounting information.
-
The number of hours studied and the scores that students earned are shown. Creating a scatter chart, which statement is true regarding the relationship between the hours of study and scores earned....
-
Five samples of 12 each were extracted from a population. Based on the central limit theorem, what is the best estimate of the SD of the population? A B C D E 270 230 290 238 315 303 274 270 246 244...
-
In a national test, the mean score was 1575 and the standard deviation was 85. What % of the students earned a score between1500 and 1600 if the scores were Normally distributed?
Study smarter with the SolutionInn App