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When merchandise sold is assumed to be in the order in which the expenditures were made the inventory method is called?
Wiki User
∙ 13y ago
The method is called First-In-First-Out (FIFO).
Wiki User
∙ 13y ago
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When merchandise sold is assumed to be in the order in which the expenditures were incured the inventory method is called?
lifo
The method of computing inventory that uses records of the selling prices of the merchandise is called?
retail method
What is it called When tax revenues exceed expenditures?
Budget Surplus
Cash expenditures a firm makes to pay for resources are called?
Explicit costs
What is the price at which a business purchases merchandise is called the?
cost
When merchandise sold is assumed to be in the order in which the expenditures were incured the inventory method is called?
lifo
The method of computing inventory that uses records of the selling prices of the merchandise is called?
retail method
What is a budget for major investment expenditures called?
Capital Budget is what a budget for major investment expenditures is called.
What do you call someone that provides merchandise?
It depends upon who he provides the merchandise to. If he sells merchandise to consumers, he is called a retailer. If he sells merchandise to a retailer, he is called a wholesaler. If he distributes the merchandise to wholesalers, he is called a distributor. If he manufactures the merchandise and distributes it through distributors, he is called a manufacturer.
What is a pattern of bars printed on merchandise that stores information?
This pattern of bars is called a barcode (or bar code). It found explosive application in the 70s as manufacturers and marketers employed the technology to automate inventory and checkout.
What is it called When tax revenues exceed expenditures?
Budget Surplus
The excess of income over expenditures is called?
The excess of income over expenditures is known as Savings. S= Y(d)-C Where; S= Savings Y(d)= Disposable Income C= Consumption Expenditures
What is called the inventory system in which the inventory records do not show the amount available for sale or sold during the period called?
A periodic inventory system will not show the amount available for sale or sold during the period. A perpetual inventory system will show each purchase in the inventory.
What is staple merchandise?
are also called basic merchandise category are in continuous demand over an extended period most merchandise in grocery stores as well as house wares hosiery etc are staple merchandise
Cash expenditures a firm makes to pay for resources are called?
Explicit costs
What is the price at which a business purchases merchandise is called the?
cost
What is the difference of evaluation of inventory between weighted average method and FIFO method?
A method of inventory accounting in which the oldest remaining items are assumed to have been the first sold. In a period of rising prices, this method yields a higher ending inventory, a lower cost of goods sold, a higher gross profit (assuming constant price), and a higher taxable income. Also called FIFO.Method in calculation in which the weighted averagezzor the period is the cost of the goods available for sale divided by the number of units available for sale. When the perpetual inventory system is used, the weighted average method is called the moving average method.
