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chubhunter [2.5K]
2 years ago
8

At the end of January of the current year, the records of NewRidge Company showed the following for a particular item that sold

at $ 16 per unit:
Required:
(b) Of FIFO and LIFO, which method results in the higher pretax income? Which method results in the higher EPS?
Business
1 answer:
const2013 [10]2 years ago
5 0

FIFO will result in higher pretax income and EPS.

FIFO ("first in, first out") is based on these production costs, assuming that the oldest products in a company's inventory are sold first. The LIFO (last in, first out) method assumes that the newest product in the company's inventory was sold first, and uses that cost instead.

FIFO (First In, First Out) Inventory Management evaluates inventory to reduce the likelihood of business losses when products are phased out or discontinued. LIFO (last in, first out) inventory management is suitable for non-perishable goods and uses the current price to calculate the cost of goods sold.

Learn more about FIFO at

brainly.com/question/24938626

#SPJ4

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What is the term used to describe the linking of key product or service requirements to process capabilities?
Igoryamba

Answer:

Product or service profiling.

Explanation:

Product or service profiling is the term used to describe the linking of key product or service requirements to process capabilities.

Generally, most organizations and business owners use the product or service profiling strategy to enhance consistency through the identification of their key services or product line and as such are avail the opportunity to select the appropriate process, procedures and techniques to achieve their goals and objectives successfully.

3 0
3 years ago
Your firm is considering opening a branch office in Kyle. The office would cost $485,000 to build the office. During the office
wariber [46]

Answer:

The NPV from opening the branch office is negative ( -$106668.08). Thus the branch office should not be opened.

Explanation:

The decision to open the branch office will be taken based on the NPV provided by opening of the branch office. If the NPV of a project is positive based on the required rate of return used as a discount rate fro cash flows, the investment is worth undertaking.

The net present value (NPV) for a project can be calculated as,

NPV = CF1 / (1+r)  + CF2 / (1+r)²  + ...  + CFn / (1+r)^n  -  Initial Outlay

Where,

  • r is the appropriate discount rate
  • Initial Outlay is the Initial cost of the project
  • CF represents cash flows from the project

As the required return is 16%, we will take this as the appropriate discount rate.

NPV = 45000 / (1+0.16)  +  120000 / (1+0.16)²  +  150000 / (1+0.16)³  +

150000 / (1+0.16)^4  +  150000 / (1+0.16)^5  -  485000

NPV = - $106668.08

As the NPV from project is negative at a required return of 16%, the project should not be under taken and the branch office should not be open.

7 0
3 years ago
The role of a campaign manager is to
Westkost [7]

The role of campaign manager is to oversee a campaign organization. He is responsible for coordinating the operations and activities of the campaign on day to day basis, and the activities that indirectly or directly support the campaign. He manages the activities and makes the campaign effective. His responsibilities include management of staff, coordination with the candidates, looking after campaign budget.

5 0
3 years ago
Read 2 more answers
Luebke Inc. has provided the following data for the month of November. The balance in the Finished Goods inventory account at th
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D.
221,500 why? because thats the answer
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3 years ago
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Miranda is a network engineer. She has been hired to set up a network for a nonprofit organization with more than
sweet [91]

Answer:

hi your question lacks the options hence i will list out some factors to be considered :

  • The goal of the network
  • The training of the employees on how to use it
  • The budget of the organization
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Explanation:

A network engineer is a professionally trained technology expert that his primary duty is to setup a computer network within an organization that enables the exchange of voice, data and video within the organization.

A network engineer has to consider some factors while performing his duties in other to do an excellent job for the organization and some factors to be considered are. the goal of the network which simply means that the network service required by the organization of what purpose do they want it, the training of the employees on how to use the network is also considered by the engineer the most important which is the budget of the organization and the maintenance of the network after it has been setup.  

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