How does a merchandise company calculate unit cost per item? Why do managers need to know the unit cost per item?
What will be an ideal response
Unit cost per item is calculated by dividing total cost of goods sold by total number of items sold. The unit cost per item helps managers know which products are most profitable. The unit cost per item also helps managers set appropriate selling prices.
Business
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IFRS and U.S. GAAP include the same four items in Other Comprehensive Income
Indicate whether the statement is true or false.
Business
A mutual insurance company is a(n):
a. organized group with similar interests. b. incorporated entity, without private ownership interest, operating for the benefit of its policyholders and beneficiaries. c. stock company organized to earn profits for its stockholders. d. company where policyholders participate in the earnings of a society.
Business