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goldenfox [79]
2 years ago
5

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

Business
1 answer:
ozzi2 years 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.

Learn more about FIFO and LIFO brainly.com/question/13510592

#SPJ4

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NikAS [45]

Answer:

coupon interest rate that the company must set on the bonds in order to sell the bonds-with-warrants at par is 8.25%.

Explanation:

warrant per share = 2*75 = $150

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                             = $707.9543177

coupon*(1 -(1/(1.05^40)))/0.05 = 707.9543177

coupon*17.15908635 = 707.9543177

coupon = 41.25827583

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6 0
3 years ago
All of the following are positive outcomes of employee development except: Group of answer choices development enhances the orga
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Answer:

development enhances the organization's capacity to control environmental forces

Explanation:

Employee development can be described as when an employer takes certain certain steps to increase the skills, competences and knowledge of the employees.

Employee development can take the form of :

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3 years ago
How does fractional reserve banking grow the economy?
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Answer:

C. By allowing the same money to be both stored as a deposit and  loaned to businesses is the correct answer.

Explanation:

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3 years ago
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It’s Levi because it’s clearly written that Levi is a beginner. Hope that works!
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On December 31, 2019, Coolwear, Inc. had a balance in its supplies account of $48,400. During 2020, $86,000 was paid for new sup
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Answer:

$92,400

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Supplies expense for 2020 would be calculated as;

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Therefore,

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= $48,400 + $86,000 - $42,000

= $92,400

6 0
3 years ago
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