Inventory Accounting for Product Lines Case Study

Inventory Accounting for Product Lines - Case Study Example The custom auto and motorcycle paints are not distinguishable items as distinctively as the automobile kits. They have a shelf life of 60 days which means that paints entering the inventory must be leaving it within 60 days or else they will be identified by the expired coloration. This suggests a running inventory line where the inventory moves linearly. The paints bought first are sold first and the paints bought last are sold last. But since the inventory is not linearly distributed i.e. it cannot be ascertained as to how many days a particular paint has been sitting in the warehouse, the most appropriate inventory costing system would be average costing. This would mean that the cost of goods sold will incorporate the linear movement of inventory and allow for averaged costs over time. Average based costing would ensure that the proportions of the paints sold would be used to estimate the final COGS - weighted averages have significant accuracy in such inventory models. The other items in inventory (bulbs, stickers, fuses, etc) are low-priced items and the shuffli

Interculture communication Essay Example | Topics and Well Written Essays - 750 words

Interculture communication - Essay Example Technology changes the way we reason in identity and perceive other cultures. Technology mostly leads to movement of people making us to come in contact with many other people of different cultures. It has been established that young adults move more often than the other generations in the process changing the individuals not excluding myself as I moved from China to the U.S and adopted a little bit of the American cultures (Lee, 2011). Demographic intercultural communications are derived from the recent variation in the U.S population. The changing US demographics include the population increasingly becoming non-white and multiracial besides the workforce being female dominated and older. The changing immigration patterns result in immigration and economic classes. According to Lee (2011) demographic diversity results in varied world views which lead to prejudices and stereotypes though it can be a positive force in giving linguistic richness and research. The economic imperative based on globalization as the US economy is connected to other countries it does little in ding business with other countries. Domestic diversity also encourages business to be attentive in to cultural variations. The peace imperative gives an insight on the role of historical, political, religions and economic contexts. Most of the time contacts to other groups have led to conflicts. The interpersonal imperative helps us to comprehend our cultural diversity with the similarities and differences that exist in the universe. Communication is a symbolic, interpretive, transactional, contextual process in which individuals make shared meanings. Symbols define the shared meanings. Interpretive as people comprehend symbolic behavior of others. Transactional because people task together create comprehension among themselves communication is a process comprising of shared meanings. Interpersonal communication involves