Distinguish between the cost of goods available for sale and the cost of goods sold
The cost of goods available for sale is the total cost of merchandise that could be sold in the accounting period. The cost of goods sold is the cost of merchandise actually sold. The difference between the two numbers is the amount not sold, or the ending merchandise inventory.
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Which of the following statements is true about the full-costing method?
a. The cost of a dry well would be written off immediately as a loss. b. All costs are recorded as assets, and then depleted over the resource's useful life. c. All costs are written off immediately as a loss. d. All costs are recorded as assets, but remain on the books as assets.
Francesco is redesigning jobs for his organization. In doing so, he is trying to make employees’ jobs more interesting and motivating by focusing on several core job dimensions, the employees’ critical psychological traits, and their interest in having their jobs enriched. Francesco appears to be basing his job redesign efforts on the principles of the ______.
a. job content method b. job characteristics model c. critical job model d. critical content method
The lower the amount of work to be moved from the human side to the computer side of an information system, the higher is the complexity of that system.
Answer the following statement true (T) or false (F)
A U.S.-based apparel retailer can best keep in touch with developments in the leather accessories market based in Florence, Italy, through a(n) _____
a. inside buying organization b. resident buying office c. informal buying organization d. centralized buying organization