Each of the Following Items Pertains to One of These

question 224

Essay

Each of the following items pertains to one of these companies: Bedell Electronics (a manufacturing company),Gregory Food Retailers (a merchandising company),and Larson Real Estate (a service sector company).Classify each item as either inventoriable (I)costs or period (P)costs.
$\begin{array} { |l|l|l| }\hline && \text { Inventoriable (I) costs }\\&&\text { or period }(P) \text { costs }\\\hline a.&\text { Salary of Bedell Electronics president }&\\\hline b.&\text { Depreciation on Bedell Electronics assembly }&\\&\text { equipment }\\\hline c.&\text { Salaries of Bedell's assembly line workers }&\\\hline d.&\text { Purchase of frozen food for sale to customers by}&\\&\text {Gregory Food Retailers }\\\hline e.&\text {Salaries of frozen food personnel at Gregory Food }&\\&\text {Retailing }\\\hline f.&\text {Depreciation on freezers at Gregory Food Retailing }&\\\hline g.&\text { Salary of a receptionist at Larson Real Estate}&\\\hline h.&\text { Depreciation on a computer at Larson Real Estate}&\\\hline i .&\text { Salary of a real estate agent at Larson Real Estate}&\\\hline\end{array}$

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Definitions:

Concentration of Wealth

The situation where a small group of people or entities hold a large portion of total wealth in a society.

Trade Imbalances

Trade imbalances occur when there is a significant difference between a country's exports and imports, indicating an excess of imports over exports (trade deficit) or the opposite (trade surplus).

Content Requirements

Specifications or guidelines that outline the necessary subjects, topics, or material that must be included in a piece of content.

Embargo

A quota that limits all forms of trade on entire categories of goods or services.