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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.

Learn more about LIFO and FIFO here:-

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Assume that shareholder's required rate of return (r) is 9%. Dr. Pepper is expected to pay a dividend of $2.00 per share (D1) ne

Juli2301 [7.4K]

Answer:

P=$40

Explanation:

We will apply constant dividend growth model that is =P = D1 / ( k-g )

P is the price of share ?

D1 is the current divided $2

k is the rate of return 9%

G is the constant growth 4%

P=2/(9%-4%)

P=$40

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2 years ago

What is word of mouth promotion?<br>

Colt1911 [192]

Answer:

Word of mouth promotion is a marketing tacnique

Explanation:

Word of mouth promotion is considered as an important advertising technique that helps to increase customers and attract more on the way. When customers are happy, they will steer dozens of other people, and this is how word of mouth works. According to a study, 28% of people consider word of mouth as an important marketing strategy.

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2 years ago

7. Give me your pen, please<br>

mash [69]

Okay no problem it cost 10 dollars tho

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2 years ago

Your friend sells specialty coffee on her website, and she tells you she would not have succeeded without her strong relationshi

amm1812

A sociologist might say that this is an example of how economic action is <u>embedded in</u> social relationships.

<u>Explanation:</u>

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2 years ago

On July 23 of the current year, Dakota Mining Co. pays $6,492,240 for land estimated to contain 9,144,000 tons of recoverable or

Neko [114]

Answer:

a. Debit Land accounts $6,492,240

Credit Cash account $6,492,240

Being entries to record the purchase of land

and for the payment and installation of machinery,

b. Debit Machinery account (fixed asset) $1,280,160

Credit Cash accounts $1,280,160

Being entries to record the purchase and installation of machinery

Explanation:

When an asset is purchased with cash, the entries required are debit asset and credit cash. Such asset includes land, equipment, building, mines, inventory etc.

As such to record the purchase of a land,

Debit Land accounts

Credit Cash account

and for the payment and installation of machinery,

Debit Machinery account (fixed asset)

Credit Cash accounts

8 0

2 years ago