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1 year ago

Which inventory costing method assumes that items in ending inventory are the most recently acquired?

1 answer:

4 0

The Last-In, First-Out (LIFO) inventory costing method assumes that items in ending inventory are the most recently acquired.

<h3>What is LIFO and FIFO methods of inventory?</h3>

LIFO refers to the Last In, First Out. LIFO is a method that assumes that the last unit that has been added in the inventory or more recently, will be sold first.

FIFO stands for First In, First Out. FIFO method assumes that the oldest unit of inventory that has been added first, would be sold first.

Basically, FIFO and LIFO accounting are the inventory costing methods used in managing inventory.

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Representatives from Kraft spent several months with consumers in their kitchens, attempting to understand what they wanted in r

sergiy2304 [10]

Answer:

d. ethnographic research

Explanation:

Ethnographic research -

It is a type of research method , where the people tries to interact with the people in real life , in order to get the best and most pure information regarding the research topic , is referred to as ethnographic research .

The method is very effective and efficient to attain knowledge for the research topic .

Hence , from the given scenario of the question ,

The correct option is d. ethnographic research .

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3 years ago

What is traditionalist account? Give an example.

horsena [70]

Answer:

in folklore, a narrative containing information about actual persons and events. Originating from the tales of eyewitnesses, the traditional account departs from its original factual basis when retold and becomes subject to free poetic interpretation.

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2 years ago

If the price of the item is $15.00 per unit and the employees cost $125 each, how many employees should the firm hire to maximiz

Aneli [31]

If the price of the item is $15.00 per unit and the employees costs $125 each, Three employees should the firm hire to maximize their profit.

How do firms maximize profit?

All firms maximize profits when their marginal cost is equal to the marginal product. This dollar amount should also be the selling price that maximizes profits.

What is meant by profit maximization?

Profit maximization is a process business firms undergo to ensure the best output and price levels are achieved in order to maximize its returns. Influential factors such as sale price, production cost and output levels are adjusted by the firm as a way of realizing its profit goals.

What are the goals of profit maximization?

Profit maximization is the process by which a business arranges its prices and cost structure to achieve the highest possible profit. The central goal of the organization is to increase its profits

Learn more about profit maximization:

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7 months ago

Jason rents rooms in his hotel for an average of $100 per night. The variable cost per rented room is $20. His fixed costs are $

melisa1 [442]

Answer:

D) 1,500

Explanation:

rent per room =$100 dollars

variable cost= $ 20 dollars

fixed cost =$ 100,000.00

desired profits=$ 20,000.00

volume(V) to meet profit target;

Contribution margin per sale= $100-$20= $80

Profits = revenue-cost

=$20,000= Vx$80-$100,000

=20,000=v80-100000

v80=100,000.00+20,000

v80=120,000

v= 120,000/80

Volume =1,500

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2 years ago

A price change causes the quantity demanded of a good to decrease by 30%, while the total revenue of that good increases by 15%.

Furkat [3]

True the answer is true

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2 years ago