1answer.
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
astraxan [27]
2 years ago
12

The lifo cost flow assumption assumes that the cost of items purchased ______ are the costs that will be transferred first to co

st of goods sold on the ______ ______.
Business
1 answer:
kkurt [141]2 years ago
3 0
Answer:
-Latest
-Income Statement
You might be interested in
Rowan Company has four different categories of inventory. The quantity, cost, and market value for each of the inventory categor
luda_lava [24]

Answer:

The correct answer is that the valuation would decrease total assets and stockholders’ equity by $101.00

Explanation:

Item             Cost                      Market price            Impact

Quantity

1 220 $ 4.40  $ 4.60        no impact as cost is lower

2 130 $ 6.20  $ 6.00 ($6.20-$6.00)* 130=$26

3 100 $ 10.00  $ 9.25 ($10-$9.25)*100    =$75

4 25 $ 20.50  $ 25.00 No impact as cost is lower

The total reduction in the value of inventory as a result of adopting the lower of cost or market price valuation is $101 ($75+$26),hence decreases total assets by $101 and the stockholders' equity(retained earnings which is a component of stockholders' equity ) by the same amount

3 0
3 years ago
Read 2 more answers
The decision by GE to do business, through subsidiaries, with Iran would have been made at what organizational level? a. First-l
bekas [8.4K]

Answer:

D. Top management

Explanation:

The top management of a company has the duty to oversee the entire company's operation. They are also the one that make a decision which will heavily influence the company's position in the future.

A decision for company to do business with subsidiaries with another country possess a lot of risk. It tends to require a lot of investment but with equally higher return.  Decision with this magnitude will most likely fall to the hands of the top managers in the company.

3 0
3 years ago
Using the tables above, if an investment is made now for $20,000 that will generate a cash inflow of $8,000 a year for the next
Allushta [10]

Answer:

b. $5,360

Explanation:

Using a financial calculator with CF function, find the Net present value (NPV) of this projects cashflows;

Initial investment; CF0 = -20,000

Yr 1 cash inflow; C01 = 8,000

Yr 2 cash inflow; C02 = 8,000

Yr 3 cash inflow; C03 = 8,000

Yr 4 cash inflow; C04 = 8,000

and annual interest rate; I/Y = 10%

then compute net present value; CPT NPV = 5,358.924

Therefore, the NPV will be closest to $5,360

8 0
3 years ago
. Based on the following data, Accounts payable…………………………………………………..... $62,000 Accounts receivable…………………………………………………. 100,000
Temka [501]

Answer:  $428,000

Explanation:

Given that,

Accounts payable = $62,000

Accounts receivable = 100,000

Cash = 30,000

Inventory = 138,000

Land = 160,000

Common Stock = 200,000

Revenue = 80,000

Dividends = 56,000

Expenses = 40,000

Total assets = Accounts receivable + Cash + Inventory + Land

                     = 100,000 + 30,000 +  138,000 + 160,000

                     = $428,000

3 0
3 years ago
Which of the following are objects that can fulfill needs or wants?
ycow [4]

Answer:

the word objects makes me think B. also, wants can be fulfilled by objects, not tools or economics.

Explanation:

6 0
2 years ago
Other questions:
  • Which of the following accurately describes a shortage?
    14·1 answer
  • IBM and several other computer manufacturers actually became household words when they designed equipment to benefit _____.
    10·1 answer
  • Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing
    8·1 answer
  • Johan Co. has an intangible asset, which it estimates will have a useful life of 10 years, while Abco Co. has goodwill, which ha
    14·1 answer
  • Stock A has a beta of .5, and investors expect it to return 5%.
    8·1 answer
  • Discretionary fiscal policy that might occur is​ ______. Automatic fiscal policy that might occur is​ ______. A. a decrease in t
    6·1 answer
  • Air transport is not dense in​
    15·2 answers
  • Write the relationship between audit and finance?
    9·1 answer
  • When two countries decide to engage in specialization and exchange the advantage is: Group of answer choices Their production po
    12·1 answer
  • Any action, other than lowering its price, that a firm undertakes to increase the demand for its output is called?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!