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1 year ago

the cumulative difference between reporting inventory at lifo rather than fifo is commonly referred to as the

1 answer:

8 0

The cumulative difference between reporting inventory at LIFO rather than FIFO is commonly referred to as the LIFO reserve

<h3>What is LIFO reserve?</h3>

Generally, LIFO reserve is an accounting term that represents the difference between the cost of inventory calculated using the first-in, first-out (FIFO) method and the cost calculated using the last-in, first-out (LIFO) method for the purposes of bookkeeping.

In conclusion, The LIFO reserve is a term that is widely used to refer to the accumulated discrepancy that results from reporting inventory using the LIFO method rather than the FIFO method.

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Inessa [10]

Answer:

The correct answer is D. No; instead it is a type of authorship dispute.

Explanation:

Ideas alone are not protected by copyright, even if they are original. What copyright protects is the formal expression of ideas. That is to say, the ideas must have been expressed or fixed in some support to enjoy the protection that gives copyright.

If the author or rights holder considers that an eventual violation is being presented, he can undertake the defense of his interests against third parties through civil or criminal actions or by going to conciliation regarding the infringement of economic rights or the compensation of damages for the violation of moral and economic rights.

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4 years ago

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3 years ago

A change in income preferences or prices of other goods or services leads to a that causes a:______

exis [7]

Answer:

change in demand; shift of the demand curve.

Explanation:

We know that income elasticity of demand derives by considering the percentage change in quantity demanded and percentage change in income

In mathematically,

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By considering the above information, the change in income preferences is due to change in demand plus it also shift of the demand curve

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4 years ago

Coronado Industries has outstanding accounts receivable totaling $6.57 million as of December 31 and sales on credit during the

BigorU [14]

Answer:

$317,500

Explanation:

The computation of the amount of bad debt expense is shown below:-

Bad debt expenses = (Accounts receivable × Outstanding receivable percentage) - Opening Allowance for doubtful debts

= ($6.57 million × 5%) - $11,000

= $317,500

Therefore for computing the bad debt expense we simply applied the above formula.

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4 years ago

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Answer: A) is the increase in total cost resulting from producing one more unit.

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Marginal cost is the increase in total cost that a company incurs from producing one more unit of the good being produced. It includes both fixed and variable cost and can be calculated by dividing the change in cost by the change in quantity.

Marginal cost is an important metric in profit maximisation because it tells the point where profit is maximised when it equals Marginal revenue.

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3 years ago