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2 years 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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The Puyer Corporation makes and sells only one product called a Deb. The company is in the process of preparing its Selling and

bezimeni [28]

Total= $159,552

Giving the following information:
The company has budgeted to sell 15,600 Debs in February.
Sales commissions $ 0.96*15,600= 14,976
Shipping $ 1.46 *15,600= 22,776
Executive salaries $ 60,600
Depreciation on office equipment $ 20,600
Other $ 40,600
Total= $159,552

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2 years ago

LETS MAKE THIS A QUESTION THAT HAS NO STARS. ONLY THANKS!!!!!!!

sasho [114]

Answer:

Please ask study related questions,mate.

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3 years ago

Charles Schwab Corporation is one of the more innovative brokerage and financial service companies in the United States. The com

anyanavicka [17]

Answer and Explanation:

a. The estimation of the contribution margin for each segment is shown below:

(in millions)

<u>Particulars Investor Advisor Services Services </u>

Income from

operations $1,681 $1,660

Add:

Depreciation $171 $154

Contribution

Margin $1,852 $1,814

2. Now the estimation of decline in operating income is

(in millions)

<u>Particulars Combined services Institutional Services </u>

Revenues $9,368 $4,771

Less:

Variable cost $5,702 $2,919

($2,919 + $2,783)

Contribution

margin $3,666 $1,852

Less:

Fixed cost -$325 -$171

Net income $3,341 $1,681

So according to the above calculations, the net operating income is declined by

= $3,341 - $1,681

= $1,660 million

The variable cost is come from

= Service revenues - income from operations - depreciation expense

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3 years ago

The process by which an increase in government borrowing results in less borrowing by businesses and consumers for private inves

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The process by which an increase in government borrowing results in less borrowing by businesses and consumers for private investment is called expansionary fiscal policy.

<h3>What Is Expansionary Fiscal Policy</h3>

Expansionary fiscal policy refers to an increament in government spending, a decrease in tax revenue, or a combination of the two.

Expansionary fiscal policy is aimed at spurring economic activity and drive development.

Learn more about Fiscal policy at brainly.com/question/6583917

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2 years ago

To assist broker-dealers with compliance, NASAA prepared a fee disclosure template. Based on the template, all of the following

tangare [24]

Account transfer fees and account maintenance fees would not be disclosed as the broker-dealer charges.

<h3>NASAA means the North American Securities Administrators Association.</h3>

The NASAA prepared a fee disclosure template to assist broker-dealers with compliance.

Based on the template, the following broker-dealer charges which would be disclosed includes:

account inactivity fee
charges for late payments
issuance of a stock certificate
account transfer fees

In conclusion, all of the following broker-dealer charges would be disclosed except the account transfer fees and account maintenance fees.