Answer:
The answer is LIFO
Explanation:
LIFO is Last in First out. It means the Inventory that was purchased last goes out first.
In periods LIFO, cost of sales reflects the cost of goods purchased recently and the ending Inventory reflects the older goods.
In periods of falling prices, the costs of ending inventory are high, cost of sales are low and the gross profit are high.
Answer:
11,600 miles
Explanation:
Average = (10,000+12,500+8000+14000+13500)/5
Average= 58,000/5
= 11, 6000
An average is the result obtained by adding together several amounts and then dividing this total by the number of amounts.
Answer:
135,436 bonds
Explanation:
Calculation for the minimum number of bonds it must sell to raise the money it needs
First step is to calculate the Bond price
Bond price = $1,000 / [1 + (.0775 / 2)](20 × 2)
Bond price = $218.554
Second step is to calculate the Number of bonds
Number of bonds = $29,600,000 / $218.544
Number of bonds= 135,436 bonds
Therefore the minimum number of bonds it must sell to raise the money it needs will be 135,436 bonds
The term that is being referred here is the REPLACEMENT COST. What the market generally means when lower of cost or market rule is being applied to inventory valuation, this refers to replacement cost. This is the cost applied to an item when it is being replaced. The cost is being applied is the same as its pre-loss condition.
<u>Answer: </u>Carnegie Steel had a(n) Integrated channel relationship<u>.</u>
<u>Explanation:</u>
Carnegie Steel Company has an integrated marketing channel. As the company is involved in vertical integration the company is in the same line of business from acquiring raw materials to making it into finished goods.
So there is a better bonding between the channels of the business. It makes it cost beneficial and ease of operations for Carnegie. The company also has advantage of maintaining the time of stock delivery. This business has connected chain of entities internally and externally.