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2 years ago

Which inventory costing method will produce an amount for cost of goods sold that is closest to current market value?.

1 answer:

6 0

The FIFO (First in First out) technique of inventory costing will result in a COGS amount equal to market value.

<h3>What is the First in first out method?</h3>

First in, first-out (FIFO) is an uncomplicated approach to inventory valuation based on the presumption that commodities acquired or created first are sold first. This implies that older inventory is distributed to customers before fresh inventory, in theory.

FIFO is the method used to calculate the cost of goods sold using cost flow assumptions. The FIFO approach is predicated on the idea that the oldest items in an organization's inventory have already been sold.

Thus, the FIFO method will be able to produce a number of COGS equal to the market value.

Learn more about the FIFO method:

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1. An engineer in 1950 was earning $6,000 a year. Today she earns $60,000 a year. However, on average goods today cost 6.6 times

vivado [14]

The engineer's real income today in terms of constant 1950 dollars is $14,400.

<h3>What is the real income?</h3>

Real income ls nominal income less inflation rate. Inflation rate is when there is a persistent rise in the general price levels of a country.

Real income = nominal income - inflation

Inflation = (1 + 6.6) x $6000 = $45,600

Real income = $60,000 - $45,600 = $14,400

To learn more about real income, please check: brainly.com/question/6616964

7 0

3 years ago

Which statement is strongly a sustainable future to alleviate the risks posed by today's production and consumption patterns?

Crank

Answer: OPTION D

Explanation: Sustainable development means consuming natural resources in such a way that the needs of today gets fulfilled without hindering the needs of future generations .

A. Consuming more capital today will result in more depletion of natural resources that are limited in amount thus there would be no sustainable development.

B. This case study relates to sustainable development which depends on limited natural resources thus society does not have the option to invest it .

C. The case study relates to natural resources which are provided by the nature human resource plays no major role in sustainable development.

D. Only consuming natural resources in an efficient manner would result in sustainable development.

4 0

3 years ago

Assume that the yen/dollar exchange rate quoted in London at 3:00 p.m. is ×120 = $1, and the New York yen/dollar exchange rate a

Viefleur [7K]

Answer:

This question lacks answers

A. currency swap.

B. arbitrage.

C. backwardation.

D. straddle.

<u>The answer is </u><u>b.</u>

Explanation:

Arbitrage is a common practice used to gain profits from inefficient markets. Since most financial markets are inefficient by nature, dealers and similar business entities that have an interest in this kind of business practice.

The profit in arbitrage is based on the <u>imbalance in the two prices</u> on each market respectively. The term is mainly used for financial markets and various financial instruments (securities, bonds, currencies).

In the example above, the dealer becomes an arbitrageur by making a profit from the difference in the yen/dollar exchange rate in two markets (NY and London.)

8 0

3 years ago

2. How could you assess whether new office designs are improving the organizational culture

juin [17]

Answer:A proper office layout is the key to a high performance office. This means both good performance from your employees but also your business. Companies that have a great culture are highly sought after by prospective employees and can provide a competitive advantage in both hiring and retaining staff.

Explanation:

7 0

2 years ago

I was paid $200 in advance for some hair coloring I will do in January he tells me that's a liability that doesn't make any sens

raketka [301]

Answer:

That is correct this is a liability

Explanation:

That is correct this is a liability. That is because a liability refers to being legally responsible for something. In this scenario, since they paid you $200 for hair coloring then you owe the client that. Meaning that you are legally responsible to provide hair coloring services to the client and until you do that you are liable.

7 0

4 years ago