the use of lifo in accounting for a firm's inventory: multiple choice usually matches the physical flow of goods through the business. is usually used for internal management purposes. usually provides a better match of expenses with revenues. none of the other answer choices are correct.
Answers
The answer is usually matches the physical flow of goods through the business. The physical flow of goods through a business is typically reflected in the usage of lifo in accounting for a firm's inventory.
Businesses with nonperishable inventory might benefit from price increases on newer product by using LIFO inventory management. They can determine a greater cost of products sold in their accounting reports, but then declare a lower profit in their tax returns.
a technique used in the computation of cost of goods sold to support cost flow assumptions. The LIFO approach is predicated on the idea that the most recent items added to a company's inventory have already been sold. These current products' purchase prices are the ones that were used in the calculation.
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Related Questions
To buy a product, customers in a market must first
Answers
To buy a product, customers must first have the need for the product.
Customers cannot just simply buy anything or everything when it comes to products. People love shopping but money is a very useful and powerful resource and customers understand it well, so they don't want to spend it on useless things.
Firstly, there should be a need or a desire to buy a particular product. After that the customer decides his or her budget or the money he would like to spend on that product. If it crosses his or her budget, then the customer may not able to buy the product.
Lastly, there should be willingness to buy the product. Nowadays, we get impressed by big brands, malls and stores giving us immense discounts for even our daily needs. That is how knowingly or unknowingly, we tend to shop more.
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You are a marketing consultant to a firm that would like to target members of Generation X. Your advice is for it to: emphasize freedom from work and commitment develop a personal service that will appeal to these time-poor consumers avoid topics dealing with materialistic possessions clearly state to the audience that Generation X is the intended target of all marketing communications emphasize the baby boom culture
Answers
To effectively target Generation X, it is crucial to understand and cater to their preferences. Emphasize freedom, provide personal services, avoid excessive materialism, clearly state the target audience, and focus on Generation X's unique characteristics rather than assuming a strong connection to the baby boomer culture.
As a marketing consultant, my advice for targeting Generation X would be to emphasize freedom from work and commitment, develop a personal service that appeals to time-poor consumers, avoid focusing solely on materialistic possessions, and clearly state in marketing communications that Generation X is the intended target audience.
However, I would not recommend emphasizing the baby boom culture as a primary strategy. Here's why:
Emphasize freedom from work and commitment: Generation X values work-life balance and independence. Highlighting products or services that provide convenience, flexibility, and the ability to maintain personal and professional commitments would resonate well with this generation.
Develop a personal service for time-poor consumers: Generation X is often juggling multiple responsibilities, including work, family, and personal pursuits. Offering personalized services that save time and cater to their specific needs can be highly appealing.
Examples could include concierge services, online platforms that simplify tasks, or subscription services tailored to their preferences.
Avoid focusing solely on materialistic possessions: While material possessions may have some appeal, Generation X tends to value experiences and meaningful connections. Highlight the experiential benefits of products or services, such as creating memories, fostering relationships, or enabling personal growth.
Clearly state the target audience: It is important to communicate explicitly that the marketing efforts are targeted towards Generation X. This helps build a sense of identification and resonates with their unique preferences and values. Tailor the messaging, visuals, and channels to align with Generation X's communication preferences.
Avoid emphasizing the baby boom culture: While Generation X shares some cultural references and experiences with the baby boomer generation, they have their own distinct characteristics.
It is more effective to focus on Generation X's specific values, needs, and aspirations rather than assuming they primarily identify with the baby boom culture.
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• A MAJOR POTENTIOMETER MANUFACTURER IS CONSIDERING TWO ALTERNATIVES FOR NEW PRODUCTION MACHINES WITH CAPACITY TO PRODUCE 20 000 UNITS PER DAY. ONE ALTERNATIVE IS FOR A HIGH-CAPACITY AUTOMATED PRODUCTION MACHINE CAPABLE OF PRODUCING 20 000 UNITS PER DAY WHEN OPERATED FOR THREE SHIFTS PER DAY. A QUARTER-TIME EMPLOYEE WOULD BE ASSIGNED TO MONITOR THE MACHINE (EMPLOYEE WOULD MONITOR OTHER MACHINES AT THE SAME TIME). WITH THE THREE-SHIFT SCHEDULE THIS WOULD BE EQUIVALENT TO A THREE-QUARTER-TIME EMPLOYEE.
Answers
The schedule of employees has been attached in the image below:
Production capacity is the greatest quantity of product that a business can generate over a certain period of time utilizing its available resources. This statistic is significant because it guides a manufacturer's crucial short- and long-term business choices.
A manufacturing company would desire to satisfy more large orders, thus the decision-makers would need to know if the operation can handle the increased demand. Additionally, firms utilize production capacity to guide decisions on labor allocation and capex, such as those involving their buildings, machinery, and equipment.
As a result, it's critical for manufacturers to understand the production capacity of their firm since doing so helps them make informed administrative and facility-related decisions that maximize production efficiency.
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#1 You are driving down the highway when one of your tires suddenly blows out. You should
Pump your brakes rapidly, and steer your vehicle to control any skids.
Avoid using your brakes. Slow down gradually and concentrate on steering.
Press hard on your brake pedal and stop as quickly as you can.
Answers
common stock that pays cash dividends can be viewed as
Answers
Common stock that pays cash dividends can be viewed as a source of income for investors, providing regular payments from a company's profits.
Common stock that pays cash dividends can be viewed as a source of income for investors who own these stocks. When a company pays cash dividends to its shareholders, it distributes a portion of its profits to its owners, which can provide a regular income stream. Common stock is a type of security that represents ownership in a corporation. When you purchase common stock, you become a shareholder in the company. This gives you the right to vote on important company matters, such as electing members of the board of directors and making decisions about mergers and acquisitions.
The value of common stock is subject to market fluctuations, which means that the price can go up or down depending on various factors, such as economic conditions, industry trends, and company performance. When you own common stock, you have the potential to make money if the stock price goes up, but you also run the risk of losing money if the stock price goes down.
Cash dividends:
Cash dividends are payments made by a corporation to its shareholders. When a company has profits left over after it has paid its expenses and taxes, it can choose to distribute these profits to its owners in the form of cash dividends. The amount of the dividend is usually a fixed amount per share, which means that the more shares you own, the more money you will receive in dividends.
Cash dividends can be a source of income for investors who own common stock that pays them. If you rely on this income, it is important to consider the stability of the company and its ability to continue paying dividends in the future.
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Which economic measure is the monthly measure of all sales of durable and nondurable goods bought by consumers?.
Answers
Retail sales are the monthly measure of all sales of durable and nondurable goods bought by consumers.
Retail sales, which include both in-person and online transactions, are the sales of consumer items or finished products by companies to ultimate customers. Products could be perishable or durable with long-anticipated shelf life such as groceries. Furniture, food, and clothing are a few examples of consumer goods.
Most of the time, a retail salesman deals with customers. They frequently greet customers, assist them in finding the merchandise they're looking for, respond to inquiries from customers, and take payments for goods. They could also put away clothes or restock shelves.
A crucial macroeconomic indicator that tracks consumer demand for completed goods is retail sales. A study compiles consumer purchases of both durable and non-durable products. The retail sales report aids analysts and investors in assessing the economy's health and potential inflationary pressures.
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PLEASE HELP ASAP!!! Which statement describes a strategy for improving ones organization and time management at work ?
Answers
My explanation would be that the other reasons listed are for personal use such as friends birthdays, music, and a new clock, but the third answer is listing things appropriate for a business.
Hope I helped !
Answer:
C
Explanation:
Opportunity costs ______. are benefits that are given up when selecting one alternative over another are uncommon in decision making should be considered in decision making are part of traditional accounting records
Answers
Answer: are benefits that are given up when selecting one alternative over another.
Explanation: When faced with the decision to make a choice between two probable options or the need to give up a certain amount of a product in other to increase production of another, the benefit or choice forgone by opting to go for an alternative is called opportunity cost. Put simply, the cost incurred or loss associated with giving up a certain investment for another.
Opportunity cost can be computed mathematically using the relation:
Opportunity cost = (Return on best forgone option - return on chosen alternative).
Opportunity cost is often considered in other to guide and weigh investment options.
Opportunity costs are benefits that are given up when selecting one alternative over another and should be considered in decision making.
Opportunity cost refers to the value of the best alternative forgone when making a decision. It represents the benefits or profits that could have been obtained by choosing an alternative option. In other words, it's the cost of what you have to give up in order to choose something else.
Understanding opportunity costs is crucial in decision making because it allows individuals and businesses to evaluate the trade-offs involved in various choices. By considering the opportunity cost, one can weigh the potential benefits and drawbacks of different options and make more informed decisions.
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In 2 or 3 sentences, explain how these concepts relate to the essential question: "When is more of a good thing too
much?".
Answers
A good or useful product or action can be detrimental or excessive in excess amounts. For instance, Although the exterior Santa, sled, reindeer, and gnomes are nice, the indoor lights are far too much of a good thing.
How much of an excess is a good thing?If something is too much of a good thing, it stops being beneficial or enjoyable and instead becomes overwhelming or detrimental. The subject at hand would be beneficial or enjoyable in tiny doses, but destructive or burdensome in big ones. One mango, for instance, is both tasty and healthy. But there is such a thing as too much good. Even healthy things have the possibility of causing harm.
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If you were a sole proprietor and had annual profits of $100,000, how would the profits be distributed
Pls help ASAP
Answers
The profits as a sole proprietor can be distributed as follows :
Investments savings and Capital Who is a sole proprietor ?A sole proprietor is an exclusive owner of a business who is entitled to keep or profits as well as take all the risks involved with the business.The profits from a business venture can be distributed into alternative investment opportunities, savings and part of the profit can be reinvested as capital into the business.
Hence we can conclude that The profits as a sole proprietor can be distributed as follows : Investments savings and Capital
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which of the following statements is not true? select the correct answer below: a monopolist faces a downward sloping demand function a perfectly competitive firm can choose any quantity it wants at the given market price a monopolist has the power to charge any price it wants regardless of the choices of consumers a perfectly competitive firm cannot influence the market price
Answers
The statement that is not true is "a monopolist has the power to charge any price it wants regardless of the choices of consumers." While it is true that a monopolist has some degree of pricing power, they are not able to charge any price they want without consequence.
A monopolist faces a downward sloping demand function, meaning that as they increase their price, the quantity demanded by consumers decreases. The monopolist must balance their desire for higher prices with the need to sell enough units to make a profit. If they charge too high of a price, they risk losing customers to substitutes or driving them out of the market altogether.
In contrast, a perfectly competitive firm cannot choose any quantity it wants at the given market price because they must take the price as given and adjust their output accordingly. They also cannot influence the market price because they are a price taker, meaning they must accept the prevailing market price or risk losing sales to competitors.
In conclusion, while a monopolist has some pricing power, they are not free to charge any price they want without consequences. They must balance their desire for higher prices with the need to sell enough units to make a profit, and cannot charge prices that are too high without risking losing customers to substitutes or driving them out of the market altogether.
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Which best describes how the government enables government monopolies to exist? by issuing a patent by allowing natural monopolies to exist by creating and running a monopoly by owning the means of production.
Answers
Government enables government monopolies to exist by owning the means of production.
What are monopolies?monopolies can be regarded as a practice whereby a particular entity is given opportunity to control a market by being the sole distributor in the market.
Therefore, government monopolies can exist if the government is sole producer in the country.
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Answer:
c. by creating and running a monopoly
Explanation:
in a(n) blank , there are no tariffs or quotas when members trade, and each member maintains its own external tariff on goods arriving from countries in the rest of the world.
Answers
In a free trade area, there are no tariffs or quotas when members trade, and each member maintains its own external tariff on goods arriving from countries in the rest of the world.
What is a free trade area?These areas are related among the group of countries that are committed to removing all barriers to the free flow of goods and services between each other but also pursuing an independent external trade policies.
In these area, there are usually no tariffs or quotas when members trade and each member maintains its own external tariff on goods arriving from countries in the rest of the world.
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Many workplace safety rules are created by which government agency?
A.
USDA
B.
FTC
C.
FDA
D.
OSHA
Answers
Answer:
OSHA
Explanation:
FDA is food and drug
USDA is the US department of agriculture
FTC is federal trade commision
OSHA is a government organization that develops workplace safety regulations. Thus, the appropriate choice is (D).
What is the role of a Government Agency?A government agency, occasionally an appointed commission, is a permanent or semi-permanent institution within the legislative, executive, and judicial branches of government that is tasked with supervising and managing a variety of tasks, including administration.
Agency kinds come in a wide range. A government agency is often distinct from a department, ministry, and other sorts of public bodies established by the government, notwithstanding terminology differences. Since different sorts of organizations (such commissions) are typically established in an advising capacity,
The boundary between executive and advisory tasks of an agency is sometimes blurred in reality, yet it is not permitted.
Within a federal system, an agency of the government may be founded by either the federal government or a state government.
Hence the correct option is (D).
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Select the correct answer.
Why do some critics feel that the IMF should not act to influence exchange rates under some conditions?
A.
They believe that wild swings in currency exchange rates are healthy.
B.
They believe that currencies must find their own market levels.
C.
They fear that the IMF may take over the country’s economy.
D.
They fear that politicians may be using the IMF to cover up their actions.
Answers
Answer:
Explanation:
They believe that currencies must find their own market levels.
Kenneth films documentaries for a children’s learning channel. Kenneth’s career falls into what pathway of the Arts, AV Technology, and Communication cluster?
a. AV Technology and Film
b .Printing Technology
c. Journalism and Broadcasting
d. Performing Arts
It is C according to the test
Answers
Answer:
Answer is B.
Explanation:
Stomp me if im wrong
Answer:
Journalism and broadcast
Explanation:
i got 100% on the test
Instructions: Please answer below:
Do you agree or disagree with the following statement given the techniques discussed in this chapter?
"We can calculate future cash flows precisely and obtain an exact value for the NPV of an investment." Explain.
Answers
The statement that future cash flows can be calculated precisely and that the exact value of the NPV of an investment can be determined is a flawed belief.
It is incorrect to believe that future cash flows can be predicted precisely. While it is possible to estimate expected future cash flows, it is impossible to forecast the future with complete certainty. There is always a level of unpredictability and uncertainty in the future, which could result in changes in economic conditions, market trends, and other variables. While using methods such as time-value-of-money, present value, and future value calculations can aid in forecasting the expected cash flows, they are only estimates, and deviations are possible. These estimates, however, should provide some indication of the future cash flows' range and trends. However, despite the unpredictability of future cash flows, the NPV method can provide an estimate of an investment's worth. The NPV method can provide a way to assess the worth of investment by determining the present value of all future cash inflows and outflows. The sum of the present value of all future cash flows is then used to determine the NPV. The NPV's value can then be used to decide if an investment is worthwhile or not. If an investment's NPV is positive, the investment is worthwhile, and if the NPV is negative, the investment is not worth pursuing. While it is impossible to calculate future cash flows precisely, the NPV method is a valuable tool in assessing the value of an investment.
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To be eligible for federal grants to pay for college, a student must _____.
(PLATO CORRECT ANSWER ONLY)
A. attend either a public university or community college
B. complete one year of college in good standing
C. complete the FAFSA before the deadline
D. be able to pay more than half the tuition
Answers
Which TCF checking account fee is the most expensive?
Answers
Answer:
Explanation: it’s o stop payment fee
Mark, who is single, must start making distributions from his pension plan beginning April 1, 2018. At the end of 2017 when Mark was 71 years old, the plan had a balance of $220,000. He will use a single life expectancy. What amount must Mark take as a distribution from the pension plan no later than April 1, 2018?
Answers
Answer:
$13,496.93
Explanation:
At the end of 2017, plan had a balance of 220,000
Life expectancy factor at the age of 71 is 16.3 as per single life Expectancy table
So, Distribution amount = $220,000 / 16.3
= 13496.93251533742
= $13,496.93
So, the amount Mark must take as a distribution from the pension plan no later than April 1, 2018 is $13,496.93
12. ………… you there when the fire broke out ?
1) Are 2) Were 3) Will 4) Did
Answers
Answer:
Were
Explanation:
Have a good day
Hope I helped
Answer:
were
Explanation:
third person plural
What happens to the equilibrium price and equilibrium quantity when demand and supply increase simultaneously, but the relative size of the shifts are not known?.
Answers
The equilibrium quantity rises, and the change in the equilibrium price is ambiguous when demand and supply increase simultaneously but the relative size of the shifts are not known.
Both the demand decrease and therefore the supply increase cause equilibrium price to decrease, that the total effect on price could be a decrease. As you'll be able to see, a rise in demand causes the equilibrium price to rise.
On the opposite hand, a decrease in demand causes the equilibrium price to fall. a rise in supply causes the equilibrium price to fall, while a decrease in supply causes the equilibrium price to rise.
If the rise in demand is a smaller amount than the decrease in supply, the shift of the demand curve tends to be but that of the provision curve. Due to the extent in demand the equilibrium amount demanded will increase this can thereby increase competition within the market which can lead to an increase in price of the merchandise.
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The Habagat Inc. is planning to spend P600,000 for a machine that it will depreciate on a straight-line basis over a ten-year period with no terminal disposal price. The machine will generate cash flow from operations of P120,000 a year. Ignoring income taxes, what is the accounting rate of return on the net initial investment?
Answers
The accounting rate of return on the net initial investment is 2%
The average yearly accounting profit must be divided by the net initial investment in order to get the accounting rate of return (ARR) on that investment.
By dividing the total cash flow from activities during the period by the number of years, it is possible to get the average yearly accounting profit. The cash flow from activities in this instance is P120,000. The time frame is 10 years.
Average annual accounting profit = Cash flow from operations / Number of years
= P120,000 / 10
= P12,000
The machine's P600,000 price serves as the net initial investment.
calculate the accounting rate of return:
Accounting rate of return = (Average annual accounting profit / Net initial investment) x 100
= (P12,000 / P600,000) x 100
= 0.02 x 100
= 2%
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Consumer surplus will _____ when a monopolist goes from single-price monopoly to perfect price discrimination.
Answers
Answer:
no consumer surplus
Explanation:
Price discrimination is selling a product at different prices for different classes of buyers based on their differing elasticity of demand for the product or service.
under perfect price discrimination, buyers enjoy no consumer surplus .
Gerritt wants to buy a car that costs $29,250. The interest rate on his loan is 5. 53 percent compounded monthly and the loan is for 6 years. What are his monthly payments?.
Answers
Answer and Explanation: The answer is in the 1st image, and the explanation is in the 2nd image.
The monthly payment would be an amount of $541.04 for a car that costs $29,250.
What is a monthly payment?A monthly payment is a payment made every month to pay off loans or advances. It's similar to EMI.
Given that Gerritt wants to purchase a car for $29,250. His loan has a compounded monthly interest rate of 5.53 percent and a term of 6 years
The total payback = P× r/100 × T + P
Here P = $29,250, r = 5.53 , and T = 6 years
The total payback = 29,250× 5.53 /100 × 6 + 29,250
The total payback = 29,250× 0.0553 × 6 + 29,250
The total payback = $38,955.15
The total payback of the borrowings will be $38,955.15 over a six-year period. The monthly payment for this will be,
The monthly payment = Total payback / No. of payment
The monthly payment = 38,955.15/ 72
The monthly payment = $541.04
Therefore, the monthly payment would be an amount of $541.04.
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a bank promises to pay 5.5% pa compound interest on deposits of £2337 if saved for 3 years. how much will the savings be worth at the end of the period mentioned? write your answer correct to 2 decimal places.
Answers
Answer:
£2,744.20
Explanation:
savings amounts after 3 years can be calculated using the formula below.
A = P x ( 1 + r) ^ n
Where A is the amount after three years
P = principal amounts: £2337
r: interest rate: 5.5% or 0.055
n is the number of periods: 3 years
A =£2337 x( 1 + 0.055)^3
A =£2337 x(1.055) ^3
A=£2337 x 1.174241
£2,744.20
Amount after 3 years will be £2744.20
identify what accounting is by selecting the correct statement. multiple choice question. accounting information is primarily used only at the end of a year when tax returns and financial statements are prepared. accounting is a system that identifies, records and communicates financial information. accounting information impacts internal users only.
Answers
The best alternative that accurately conveys the significance of accounting is "Accounting is a system that identifies, records, and transmits financial information."
The best way to define accounting is as the process of keeping financial records in accordance with the laws. Accounting is used to evaluate the figures and facts that are relevant to the organisation and to portray its financial position. Its breadth has grown in almost every commercial company. Accountants' labour is the foundation of today's financial markets. Business executives would lack the transparency they require to manage risks or plan initiatives without accounting, and investors would be unable to rely on up-to-date, accurate financial data.
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Select the correct answer from each drop-down menu.
What cultural aspects must businesses consider when making marketing decisions?
Companies must consider the
political scenarios
of different countries to run sustainable business. This practice also helps safeguard the reputation and goodwill of their brands.
Businesses should avoid portraying rebellious behavior in
underdeveloped
societies. Marketers must also learn about
to avoid conflicting with religious or social sentiments.
Answers
Answer:
the first one is not political scenarios
the second one is not underveloped
and the final one is social and cultural norms
Explanation:
i took the test ande i only got the third one right
Answer:
Cultural Norms, Hierarchical, and Social & Cultural Norms
Explanation:
Companies must consider the cultural norms of different countries to run sustainable business. This practice also helps safeguard the reputation and goodwill of their brands.
Businesses should avoid portraying rebellious behavior in hierarchical societies. Marketers must also learn about social and cultural norms to avoid conflicting with religious or social sentiments.
This is 100% correct on the test.
Eye-Kya is a new furniture company. It hires one worker to produce chairs. Let Q be the number of chairs produced. The worker chooses how many hours H to work. During each hour worked, the employee is able to produce 6 chairs. For the worker, his personal cost of working is simply H2 Cost of Working = 3 The worker receives from Eye-Kya a payment b for each chair produced. The worker's utility equals his income minus his cost of working. The worker chooses the number of hours that maximizes his utility. Eye-Kya faces a downward sloping demand curve. If Eye-Kya sells Q chairs, then it can charge a price P = 436 - 2 q (inverse demand). Eye-Kya's profit from the production of chairs equals its revenues minus the labor costs. The payment, b, that maximizes the firm's profits is b = Under this contract Q - chairs will be produced and the firm's profits will be 1 2 3 4 50 54 100 108 23,540 23,541 23,542 23,543 23,544
Answers
The payment to the worker for producing one unit of chair that maximise profit is $40.5.
The numbers of chair produced in one hour = 6,
Number of Hour workers work=H,
The cost of working=H2/3
Utility = Income - cost of working
So according to the given information- U=6H - H2/3
We have to maximise the utility. So according to the first order condition the first order derivative must be equal to 0.
So the optimal level of hours which preferred by the worker=9 hours.
So total chair produced by the firm - Q
= 6H
=6(9)=54
Price of chair 'P'= 436-2Q=>436–2(54)
=436-108
= 328
So price of chair would be =328 per unit.
So total revenue obtained= 328×54=17712
Total cost= 54(H2/3)
=54(81/2)
=2187
Total profit:
= Total revenue- total cost
= 15525
The payment to the worker for producing one unit of chair=b, that maximise profit:
= 2187/54=40.5,
b=40.5
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PLEASE HELP MEE 50 Pts
Question: What are the local, state, and federal taxes for a healthcare business?
Answers
Answer:
Is health care federal state or local?
The U.S. Department of Health and Human Services is the federal government's principal agency involved with health care services. The states cofund and administer their CHIP and Medicaid programs according to federal regulations. (goo gle)
Explanation:
hope this helps