answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Murljashka [212]
2 years ago
9

During a period of rising prices, using fifo (first-in, first-out) inventory valuation method will result in ________ net income

figures than would lifo (last-in, first-out). higher lower the same less accurate
Business
1 answer:
dlinn [17]2 years ago
7 0
The correct option is "higher".

<span>During a period of rising prices, FIFO provides the higher net income figures and during the period of falling prices, LIFO provides the higher net income figures.
FIFO stands for first in, first out.
LIFO stands for last in, first out.</span>
You might be interested in
You are the manager in charge of setting the strategy for a new frozen yogurt company. Which of the following questions would be
AfilCa [17]

Answer:

B) How have consumer preferences in frozen yogurt flavors changed in the last five years

Explanation:

During the analysis phase of the AFI strategy framework we need to evaluate that how have consumer preferences in frozen yogurt flavors changed in the last five years. Since we know that AFI framework analysis we seek the planning analysis, formulating and implementation. Companies always go back to reassess their strategy based on changes in the environment.

7 0
2 years ago
The bank statement reported an ending balance of $43,860 after deducting $660 in service charges and an addition of $13,500 for
Jet001 [13]

Answer:

Question 1

B. $41,910

Question 2

C. Debit to interest receivable for $90

Explanation:

Question 1

Calculation for the adjusted cash balance

Using this formula

Adjusted cash balance = Cash balance per books +Deposits in transit - Outstanding checks

Let plug in the formula

Adjusted cash balance= $43,860+$16,800-$18,750

Adjusted cash balance= $41,910

Therefore Adjusted cash balance is $41,910

Question 2

Based on the information given The Appropriate journal entry to record accrued interest at the end of its fiscal year on December 31, 2019 will include a:

Debit to interest receivable for $90 which is calculated as:

Interest receivable=[(6%*$18,000*90days/360)/3]

Interest receivable=$270/3

Interest receivable=$90

7 0
2 years ago
Knowing she has sold 5,000 pairs, assume the company wants to launch a Black Friday promotion, where she would discount her shoe
jenyasd209 [6]

Revenue: $500,000

Shoes: $250,000

Shoe boxes: $1,000

Advertising: $500

Rent: $1,000

Depreciation: $25

Knowing she has sold 5,000 pairs, assume the company wants to launch a Black Friday promotion, where she would discount her shoes by 10%. How many more shoes would she have to sell to justify this promotion?

A. 25.13% more shoes

B. 20.08% more shoes

C. None of the above, but I could calculate this with the information I am given.

D. None of the above, I cannot calculate this with the information I am given.

Answer:

Option A. 25.13% more shoes

Explanation:

Cost Benefit analysis would be useful here to acknowledge what percentage of shoe sales is required to justify the promotion.

<u>The Benefit drawn before 10% promotion proposal:</u>

Revenue:                           $500,000

Shoes:                               ($250,000)

Shoe boxes:                         ($1,000)

Advertising:                           ($500)

Rent:                                     ($1,000)

Depreciation:                          ($25)

Profit                                    $247,475

<u>The Benefit drawn before 10% promotion proposal:</u>

Revenue:                           $450,000

Shoes:                               ($250,000)

Shoe boxes:                        ($1,000)

Advertising:                          ($500)

Rent:                                    ($1,000)

Depreciation:                         ($25)

Profit                                   $197,475

Now we can calculate how much additional sales must be required to justify the promotion.

Sales Increase Required = (Initial Profit - Before Promotion) / Profit After Promotion

Sales Increase Required = ($247,475  - $197,475) / $197,475

Sales Increase Required = 25.31% which is close to option 1, hence Option 1 is correct here.

3 0
2 years ago
Joslyn completed the lease term on her car and decided to turn the car in instead of purchasing it. upon inspection, the dealers
Fed [463]
Its the Lease Penalty
6 0
2 years ago
Read 2 more answers
You purchase an annuity due for $1,200. The annuity has 11 annual payments of 100 and a larger payment at the beginning of year
romanna [79]

Answer:

Give me brainliest pls! I neeed it to rank up jus pls do it!

Explanation:

8 0
2 years ago
Other questions:
  • A firm has sales of $215,600, costs of $124,800, interest paid of $3,600, and depreciation of $11,400. the tax rate is 34 percen
    14·1 answer
  • The value of a business owner's time is an example ofa. an opportunity cost. b. a fixed cost. c. an explicit cost. d. total reve
    15·1 answer
  • The efforts of employees who work directly to convert direct materials into the finished product are referred to as ______
    10·1 answer
  • ABC International can borrow $4,000,000 at LIBOR plus a lending margin of 0.65 percent per annum on a three-month rollover basis
    5·1 answer
  • You just won $17,500 and deposited your winnings into an account that pays 6.7 percent interest, compounded annually. How long w
    14·1 answer
  • You purchased 1000 shares of stock in Cumberland Software for $3 per share on January 1, 2006. Over the next four years, you rec
    13·1 answer
  • A Production Facility has produced 515,000 products and would like to allocate these products to their customers. Given the foll
    8·1 answer
  • An auto parts shop carries an oil filter for trucks. The annual demand for the oil filter is roughly 1200 units. The ordering co
    8·1 answer
  • (Journal entries and financial statements for an Internal Service Fund) Pleasantville's Data Processing Fund, an Internal Servic
    12·1 answer
  • A good measure of average should be:
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!