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melamori03 [73]
1 year ago
15

If prices are rising, which inventory cost flow method will produce the lowest amount of cost of goods sold?.

Business
1 answer:
Illusion [34]1 year ago
5 0

Answer:

FIFO

Explanation:

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mr sumesh started selling cars at the age of 23 and he then started selling planes at the age of 43 years. what is the fraction
Montano1993 [528]

Answer:

Fraction = \frac{20}{43}

Explanation:

Given

Cars = 23

Planes = 43

Required

Fraction of his age where he sold cars.

So, first we need to calculate the duration which he sold cars.

Duration = 43 - 23

Duration = 20

This means that he sold cars for 20 years.

To solve further, we'll assume that his current age is 43.

So, the fraction of his age is:

Fraction = \frac{Duration}{Current\ Age}

Substitute values for Duration and Current Age

Fraction = \frac{20}{43}

3 0
3 years ago
Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the u
grin007 [14]

Answer:

Overhead Rate 14.5856

Explanation:

Fixed Cost of the manufacturing overhead will be distribute over the cost driver.

\frac{CostOf Manufacturing Overhead}{Cost Driver}= $Overhead Rate

\frac{838780}{72400}= 11.5856

Then we will add the fixed with the variable to get the total overhead per machine-hour

11.5856 + 3 = 14.5658

8 0
3 years ago
Which of the following accounts neither increases nor decreases the fund balance of the General Fund during the fiscal year?
erastovalidia [21]

Deffered Revenues, will not increase or decrease the fund balance of general fund during the fiscal year, as it is revenue which has not been earned yet, and cannot be shown as incomes in the Income statement, thus it is a liability which will be due if the service is not complete.

Other financing sources may increase or reduce the fund depending upon what kind of finance has been provided.

8 0
3 years ago
___competition is a competitive advantage based on factors other than price.
Degger [83]
The blank should have “nonprice competition” the answer is C.
5 0
3 years ago
Timber Mills Corporation and Ur-Choice Lumberyards enter into a contract for a sale of plywood. Under a destination contract, th
Sergeu [11.5K]

Answer:

b. deliver the goods to a particular destination.

Explanation:

Under the delivery contract when there is a contract between the buyers and sellers, the seller is obligated to deliver the good to a particular destination. After delivery to the destination the seller's obligation to the buyer ends.

So the contract between Timber Mills corporation and Ur-Choice Lumber yards, the supplier must deliver the goods to a predetermined location.

8 0
3 years ago
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