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1 year ago

Inventory costing methods place primary reliance on assumptions about the flow of.

1 answer:

3 0

Inventory costing methods rely heavily on assumptions about the flow of costs. The most widely used inventory valuation method is the FIFO method.

FIFO (First-In, First-Out), LIFO (Last-In, First-Out), Specific Identification, and Weighted Average Cost are the 4 major Inventory costing methods. If your inventory costs are steady or increasing, LIFO is the better option. Businesses with bigger inventories and rising costs appreciate how LIFO reduces profits and taxes while increasing cash flow. If your inventory costs are decreasing, FIFO is the better option.

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Byron is a wealthy tycoon who makes his money buying and selling stocks. This is an example of _____ income.

Orlov [11]

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3 years ago

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According to liquidity preference theory, money supply and money demand are balanced by adjustments of

givi [52]

Answer:

Nominal Interest rate

Explanation:

According to liquidity preference theory, money supply and money demand are balanced by adjustments of Nominal Interest rate. Suppose you have some money, you will decide to either keep it in cash or in the bank. If you keep the money in cash, the opportunity cost of keeping in cash is the interest rate earned if you would have kept the money in the bank. Bank offers the nominal interest rates and not the real interest rates. Bank rates are not adjusted for inflation. So if the interest rate on money increases the opportunity cost of holding money in cash increases. If money supply in the economy increases the demand for money will increase only by reducing the interest rate because then only people fir hold cash and demand higher money. So, money supply and money demand are balanced by adjustments of the Nominal Interest rate.

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3 years ago

A budgeting process that involves the input and negotiation of several layers of management describes the management philosophy

chubhunter [2.5K]

A budgeting procedure that includes the enter and negotiation of numerous layers of control describes the control philosophy of Participative budgeting.

The required details for Participative budgeting in given paragraph

Participative budgeting is a procedure below which humans impacted with the aid of using a price range are actively concerned within side the price range advent procedure. This method offers lower-stage managers a more feel of possession within side the ensuing price range. A basically participative price range does now no longer take high-stage strategic issues into account, so control desires to offer personnel with hints concerning the general path of the business enterprise and the way their man or woman departments suit into it. When participative budgeting is used for the duration of an business enterprise, the initial budgets paintings their manner up via the company hierarchy, being reviewed and probably changed with the aid of using mid-stage managers alongside the manner.

Advantages of Participative Budgeting

This bottom-up method to budgeting has a tendency to create budgets which might be greater workable than are top-down budgets which might be imposed on a business enterprise with the aid of using senior control, with tons much less worker participation.

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10 months ago

The deadweight loss from a tax is likely to be greater with a good that has Select one: a. many substitutes. b. an inelastic dem

Lorico [155]

The deadweight loss from a tax is likely to be greater with a good that has many substitute.

<h3>What is deadweight loss?</h3>

This refers to scenario, tax imposed create loss of economic sufficiency; when the supply of goods and services aren't met.

Dead weight loss is the inefficiency that occurs when the market is not in equilibrium.

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2 years ago

Rachel is working on a project that technically allows three activities to be done at the same time. if they were to be implemen

tester [92]

This is an example of a people constraint. A constraint is something that holds you back from completing something. In this scenario, there aren't enough people available to complete all of the projects Rachel is wanting to have completed so there is a people restraint with regards to completing activities.

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3 years ago