Preview

ACC 290 Week 4 Discussion Questions and Responses

Satisfactory Essays
Open Document
Open Document
416 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
ACC 290 Week 4 Discussion Questions and Responses
ACC 290 Week 4 Discussion Questions and Responses www.paperscholar.com DIRECT LINK TO THIS STUDY GUIDE: http://www.paperscholar.com/acc-290-week-4-discussion-questions-and-responses/

Instantly Download! Get Better Grades in Less Time!
100% Satisfaction Guarantee
DESCRIPTION FOR THIS STUDY GUIDE:
All discussion questions and responses to other students are included for each week. Week 4:
DQ 1: How would you calculate cost of goods sold? What items make up cost of goods sold?
DQ 2: In your opinion, why are perpetual inventory systems so much more popular today than in the early 1960s and earlier? Why would a company employing a perpetual inventory system still take a physical inventory periodically?

ACC 290 Week 4 Discussion Questions and Responses www.paperscholar.com DIRECT LINK TO THIS STUDY GUIDE: http://www.paperscholar.com/acc-290-week-4-discussion-questions-and-responses/

Instantly Download! Get Better Grades in Less Time!
100% Satisfaction Guarantee
DESCRIPTION FOR THIS STUDY GUIDE:
All discussion questions and responses to other students are included for each week. Week 4:
DQ 1: How would you calculate cost of goods sold? What items make up cost of goods sold?
DQ 2: In your opinion, why are perpetual inventory systems so much more popular today than in the early 1960s and earlier? Why would a company employing a perpetual inventory system still take a physical inventory periodically?

ACC 290 Week 4 Discussion Questions and Responses www.paperscholar.com DIRECT LINK TO THIS STUDY GUIDE: http://www.paperscholar.com/acc-290-week-4-discussion-questions-and-responses/

Instantly Download! Get Better Grades in Less Time!
100% Satisfaction Guarantee
DESCRIPTION FOR THIS STUDY GUIDE:
All discussion questions and responses to other students are included for each week. Week 4:
DQ 1: How would you calculate cost of goods sold? What items make up cost of goods sold?
DQ 2: In your opinion, why are perpetual

You May Also Find These Documents Helpful

  • Good Essays

    Management should add quantity sold, unit price per item, and ending inventory. By looking at just the dollar amount sold, one will not know if the sales amounts were high based on the quantity or based on the unit price per item. A more detailed report should be used to help management make decisions on inventory.…

    • 547 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    equipment is estimated to have a 10-year useful life and no salvage value. Update depreciation…

    • 1140 Words
    • 12 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Bba 290

    • 418 Words
    • 2 Pages

    | e. cost of goods sold can be calculated by subtracting the ending inventory amount from the sum of beginning inventory and purchases…

    • 418 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Recast Financial Statement

    • 1609 Words
    • 7 Pages

    Cost of goods sold includes costs incurred in bringing product to its present location and conditions. They are raw materials, finished goods and work-in-progress, purchasing department’s freight, handling and warehouse costs incurred to deliver the goods to the point of sale (Premier, note 2(j)).…

    • 1609 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Acct 505 Case Study 1

    • 398 Words
    • 2 Pages

    The following cost items are needed before a schedule of cost of goods manufactured can be prepared:…

    • 398 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    The total inventory value, check for misstatements in a set of units cost and data, which have an effect on the cost of goods sold and inventory…

    • 1320 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    CS320 Lab1

    • 874 Words
    • 3 Pages

    6. To determine the percentage of profit for a particular item, subtract the item’s cost from…

    • 874 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    ACC 422 Week 1 DQs

    • 452 Words
    • 3 Pages

    DQ3: Why would a company choose period inventory tracking over perpetual? Which Method is best?…

    • 452 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    It/210 Course Design

    • 2571 Words
    • 11 Pages

    Course Design Guide IT/210 Version 5 2 Week One: Introduction to Software Development Details Due Points Objectives 1.1 Describe the importance of using a structured, modular approach when creating program requirements, design, and code. 1.2 Identify how a computer processes and stores data. Course Preparation Read the course description and objectives.…

    • 2571 Words
    • 11 Pages
    Satisfactory Essays
  • Satisfactory Essays

    FIN 515 Entire Course

    • 392 Words
    • 3 Pages

    When you are creating your schedule of classes, try not to pack too many classes into one semester. Too many classes can overwhelm you and create stress. You will burn out. Select a couple that you know you will have difficulty with and fill out your schedule with a few easier choices.…

    • 392 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Macro Unit 2 Lesson 1

    • 3639 Words
    • 15 Pages

    around 300 Goods and services. Measures the prices of goods and services purchased by wage earners.…

    • 3639 Words
    • 15 Pages
    Good Essays
  • Good Essays

    Midterm: Variable Cost

    • 1266 Words
    • 6 Pages

    | the amount of cost transferred from Finished Goods to Cost of Goods Sold during the period.…

    • 1266 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Below are the questions for your Midterm Examination. Please respond to them via Word or a similar program using the following formatting; double-spaced, 12 pt Times New Roman Font with standard margins. While the necessary length to answer these questions will vary, most exams fall within the 4-6 page range (about 2-3 pages per essay). If you are going to quote, be sure to use proper citiation to avoid plagarism. For these essays, you can use parenthetical citation; thus, if you want to cite the textbook, cite it as (Foner, page number). For my notes, you can just use the topic with page number, such as (New Deal, 4). You only need a bibliography if you use outside sources. IMPORTANT NOTE: WIKIPEDIA OR SIMILAR SITES ARE NOT ACCEPTABLE SOURCES!!!…

    • 599 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Cost Management

    • 1250 Words
    • 5 Pages

    Calculate COGS (cost of goods sold) and COGM (cost of goods manufactured); Cost of materials placed into production.…

    • 1250 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Product costs are assigned to units as they are processed and hence are included in inventories. The flow is from direct materials, direct labour, and manufacturing overhead to Work in Process inventory. As goods are completed, their cost is removed from Work in Process inventory and transferred to Finished Goods inventory which is appear in Balance Sheet. As goods are sold, their cost is removed from Finished Goods inventory and transferred to Cost of Goods Sold. Cost of Goods Sold is an expense on the income statement.…

    • 844 Words
    • 4 Pages
    Satisfactory Essays