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1 year ago

Contrast the effects of LIFO versus FIFO on reported assets (i.e., the ending inventory) when

1 answer:

ozzi1 year ago

5 0

LIFO and FIFO have opposite effects on the amount of inventory shown on the asset side of the balance sheet. Ending inventory is based on either the oldest unit price or the latest unit price, depending on the method used.

FIFO the ending inventory is calculated with the latest unit price, with LIFO the ending inventory is calculated with the oldest unit price. Therefore, when the price increases, the ending inventory reported on the balance sheet will be higher for his FIFO than for LIFO.

Conversely, if the price is falling, the closing inventory on the balance sheet will be higher in his LIFO than in FIFO.

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What is a brand when multiple products are sold under the same name?

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11 months ago

One of the likeliest places to be involved in a property-damage only accident is?

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1 year ago

Read 2 more answers

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2 years ago

Consider how health insurance affects the quantity of health care services performed. Suppose that the typical medical procedure

IrinaK [193]

Answer:

hello your question has some missing part attached below is the missing demand curve

Answer :

1) the quantity of health procedures Individuals will demand is greater than the optimal quantity ( 20 procedures )

2) quantity of medical procedure

3) $200

Explanation:

1) Based on the given demand and supply, the given transportation problem is the quantity of health procedures Individuals will demand is greater than the optimal quantity ( 20 procedures )

2) A dummy quantity of medical procedure should be introduced

3) Total cost of optimal solution

optimal quantity of medical procedure ( Qd) * price of medical procedure(Qp)

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2 years ago

What does absorb water mean?

Kobotan [32]

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Absorb water means to suck up or drink in.

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