Under this technique all costs are classified into fixed costs and variable costs. Only variable costs are considered product costs and are allocated to products manufactured. These costs include direct materials, direct labor, direct expenses and variable overhead. Fixed costs are not considered for computing the cost of products or valuation of inventory.
Understand the various aspects of maintain inventory records, that handles your two principal financial statements ie Income Statement and Balance Sheet.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAc
To understand the basic concepts of marginal cost and marginal costing.
To understand the difference between the Absorption costing and Marginal Costing.
To learn the practical applications of Marginal costing.
To understand Breakeven charts & Limitation
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Under this technique all costs are classified into fixed costs and variable costs. Only variable costs are considered product costs and are allocated to products manufactured. These costs include direct materials, direct labor, direct expenses and variable overhead. Fixed costs are not considered for computing the cost of products or valuation of inventory.
Understand the various aspects of maintain inventory records, that handles your two principal financial statements ie Income Statement and Balance Sheet.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAc
To understand the basic concepts of marginal cost and marginal costing.
To understand the difference between the Absorption costing and Marginal Costing.
To learn the practical applications of Marginal costing.
To understand Breakeven charts & Limitation
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
1. c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
2. Learning Objectives
1. Describe the importance of control over inventory.
2. Describe three inventory cost flow assumptions
and how they impact the income statement and
balance sheet.
3. Determine the cost of inventory under the
perpetual inventory system, using the FIFO, LIFO,
and weighted average cost methods.
4. Determine the cost of inventory under the periodic
inventory system, using the FIFO, LIFO, and
weighted average cost methods.
3. Learning Objectives
5. Compare and contrast the use of the three
inventory costing method.
6. Describe and illustrate the reporting of
merchandise inventory in the financial
statements.
7. Describe and illustrate the inventory turnover
and the number of days’ sales in inventory in
analyzing the efficiency and effectiveness of
inventory management.
4. c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
5. Control of Inventory
o Two primary objectives of control over inventory
are:
Safeguarding the inventory from damage or theft.
Reporting inventory in the financial statements.
8. Safeguarding Inventory
o Recording inventory using a perpetual inventory
system is also an effective means of control.
The amount of inventory is always available in
the subsidiary inventory ledger.
9. Safeguarding Inventory
o Controls for safeguarding inventory should
include security measures to prevent damage
and customer or employee theft. Some
examples of security measures include the
following:
Storing inventory in areas that are restricted to only
authorized employees.
Locking high-priced inventory in cabinets.
Using two-way mirrors, cameras, security tags, and
guards.
10. Reporting Inventory
o A physical inventory or count of inventory
should be taken near year-end to make sure
that the quantity of inventory reported in the
financial statements is accurate.
11. c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
14. Inventory Cost Flow Assumptions
o Assume that one unit is sold on May 30 for $20.
Depending upon which unit was sold, the gross
profit varies from $11 to $6 as shown below:
15. Inventory Cost Flow Assumptions
o Under the specific identification inventory cost
flow method, the unit sold is identified with a
specific purchase.
16. Inventory Cost Flow Assumptions
o Under the first-in, first out (FIFO) inventory cost
flow method, the first units purchased are
assumed to be sold first and the ending
inventory is made up of the most recent
purchases.
17. Inventory Cost Flow Assumptions
o Under the last-in, first out (LIFO) inventory cost
flow method, the last units purchased are
assumed to be sold first and the ending
inventory is made up of the first units
purchased.
18. Inventory Cost Flow Assumptions
o Under the weighted average inventory cost flow
method, the cost of the units sold and in ending
inventory is a weighted average of the purchase
costs.
22. c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
23. Inventory Costing Methods
o For purposes of illustration, the data for Item
127B are used, as shown below. We will
examine the perpetual inventory system first.
38. Weighted Average Cost Method
o When the weighted average cost method is
used in a perpetual system, an average unit
cost for each item is computed each time a
purchase is made.
o This unit cost is then used to determine the cost
of each sale until another purchase is made and
a new average is computed. This averaging
technique is called a moving average.
40. c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
41. First-In, First-Out Method
o Using FIFO, the earliest batch purchased is
considered the first batch of merchandise sold.
The physical flow does not have to match the
accounting method chosen. This time we will be
examining the periodic inventory system.
42. Cost of merchandise
available for sale
First-In, First-Out Method
o Beginning inventory and purchases of Item
127B in January are as follows:
43. First-In, First-Out Method
o The physical count on January 31 shows that
800 units are on hand. (Conclusion: 1,300 units
were sold.) What is the cost of the ending
inventory?
46. Last-In, First-Out Method
o Using LIFO, the most recent batch purchased is
considered the first batch of merchandise sold.
The actual flow of goods does not have to be
LIFO. For example, a store selling fresh fish
would want to sell the oldest fish first (which is
FIFO), even though LIFO is used for accounting
purposes.
47. Last-In, First-Out Method
o Assume again that the physical count on
January 31 is 800 units (and that 1,300 units
were sold). What is the cost of the merchandise
sold?
49. Weighted Average Cost Method
o The weighted average cost method uses the
weighted average unit cost for determining cost
of merchandise sold and the ending
merchandise inventory.
52. c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
53. Comparing Inventory Cost Methods
o Using the perpetual inventory system illustration
with sales of $39,000 (1,300 units x $30), the
differences in ending inventory, cost of
merchandise sold, and gross profit are
illustrated in the next three slides.
58. Comparing Inventory Cost Methods
o When the FIFO method is used during a period
of inflation or rising prices, FIFO will show a
larger profit than the other two inventory costing
methods.
59. Comparing Inventory Cost Methods
o When the LIFO method is used during a period
of inflation or rising prices, LIFO will show a
lower profit than the other two inventory costing
methods.
o During a period of rising prices, using LIFO
offers an income tax savings compared to the
other two inventory costing methods.
60. Comparing Inventory Cost Methods
o The weighted average cost method of inventory
costing is a compromise between FIFO and
LIFO. Net income for the weighted average cost
method is somewhere between the net incomes
of LIFO and FIFO.
61. c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
62. Reporting Merchandise Inventory
o Cost is the primary basis for valuing and
reporting inventories in the financial statements.
However, inventory may be valued at other than
cost in the following cases:
The cost of replacing items in inventory is below the
recorded cost.
The inventory cannot be sold at normal prices due to
imperfections, style changes, or other causes.
63. Valuation at Lower of Cost or Market
o Market, as used in lower-of-cost-or-market
method, is the cost to replace the merchandise
on the inventory date.
64. Valuation at Lower of Cost or Market
o Cost and replacement cost can be determined
for the following:
Each item in the inventory.
Each major class or category of inventory.
Total inventory as a whole.
66. Valuation at Net Realizable Value
o Merchandise that is out of date, spoiled, or
damaged should be written down to its net
realizable value. This is the estimated selling
price less any direct costs of disposal, such as
sales commissions or special advertising.
67. Original cost $1,000
Estimated selling price 800
Selling expenses 150
Valuation at Net Realizable Value
o Assume the following data about an item of
damaged merchandise:
o The merchandise should be valued at its net
realizable value of $650 ($800 – $150).
68. Merchandise Inventory on the Balance Sheet
o Merchandise inventory is usually presented in
the Current Assets section of the balance sheet,
following receivables.
69. Merchandise Inventory on the Balance Sheet
o The method of determining the cost of the
inventory (FIFO, LIFO, or weighted average)
and the method of valuing the inventory (cost or
the lower of cost or market) should be shown.
71. Inventory Errors
o Some reasons that inventory errors may occur
include the following:
Physical inventory on hand was miscounted.
Costs were incorrectly assigned to inventory.
Inventory in transit was incorrectly included or
excluded from inventory.
Consigned inventory was incorrectly included or
excluded from inventory.
72. Inventory Errors
o Inventory errors often arise from consigned
inventory. Manufacturers sometimes ship
merchandise to retailers who act as the
manufacturer’s agent.
73. Inventory Errors
o The manufacturer, called the consignor, retains
title until the goods are sold. Such merchandise
is said to be shipped on consignment to the
retailer, called the consignee.
77. c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
78. Inventory Turnover
o Inventory turnover measures the relationship
between cost of merchandise sold and the
amount of inventory carried during the period. It
is calculated as follows:
Inventory Turnover =
Cost of Merchandise Sold
Average Inventory
80. Number of Days’
Sales in Inventory
Average Inventory
Average Daily Cost of
Merchandise Sold
=
Inventory Turnover
o The number of days’ sales in inventory
measures the length of time it takes to acquire,
sell, and replace the inventory. It is computed as
follows:
81. Inventory Turnover
o The number of days’ sales in inventory for Best
Buy is computed below (in millions).
82. c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
83. Retail Method of Inventory Costing
o The retail inventory method of estimating
inventory cost requires costs and retail prices to
be maintained for the merchandise available for
sale.
o A ratio of cost to retail price is then used to
convert ending inventory at retail to estimate the
ending inventory cost.
85. Gross Profit Method of Inventory Costing
o The gross profit method uses the estimated
gross profit for the period to estimate the
inventory at the end of the period.
87. c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.