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Norwegian Encore was delivered to NCL on 30 October 2019 in Bremerhaven. [6] The ship was the 14th and last ship that Meyer Werft has built for NCL. [15]Andy Stuart, then-president and CEO of NCL, announced on The Kelly Clarkson Show on 10 September 2019 that Kelly Clarkson would be the godmother to Norwegian Encore. [16]
The Current goods available for sale is deducted by the amount of goods sold, and the cost of current inventory is deducted by the amount of goods sold times the latest (before this sale) current cost per unit on goods. This deducted amount is added to cost of goods sold. At the end of the year, the last Cost per Unit on Goods, along with a ...
The oldest cost (i.e., the first in) is then matched against revenue and assigned to cost of goods sold. Last-In First-Out (LIFO) is the reverse of FIFO. Some systems permit determining the costs of goods at the time acquired or made, but assigning costs to goods sold under the assumption that the goods made or acquired last are sold first.
Cost of goods available − cost of ending inventory at the end of the period = cost of goods sold; The benefit of these formulas is that the first absorbs all overheads of production and raw material costs into a value of inventory for reporting. The second formula then creates the new start point for the next period and gives a figure to be ...
FIFO and LIFO accounting are methods used in managing inventory and financial matters involving the amount of money a company has to have tied up within inventory of produced goods, raw materials, parts, components, or feedstocks. They are used to manage assumptions of costs related to inventory, stock repurchases (if purchased at different ...
Norwegian pioneered many firsts in the cruise industry, such as the first exclusive private island, Great Stirrup Cay in the Bahamas, [further explanation needed] the first combined air-sea program (marketed as "Cloud 9 Cruises"), which combined low-cost air fares with the cruise, Freestyle Cruising, which is a form of relaxed and informal cruising, and first shipline to develop new ports in ...
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The required parameters to the solution are the total demand for the year, the purchase cost for each item, the fixed cost to place the order and the storage cost for each item per year. Note that the number of times an order is placed will also affect the total cost, however, this number can be determined from the other parameters