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Rus_ich [418]
1 year ago
8

Glasgow Enterprises started the period with 80 units in beginning inventory that cost $7.50 each. During the period, the company

purchased
inventory items as follows:

Glasgow sold 220 units after purchase 3 for $17.00 each.
What is Glasgow's ending inventory under LIFO?
Business
1 answer:
s2008m [1.1K]1 year ago
6 0

$2,340 is Glasgow's ending inventory under LIFO.

LIFO stands for “Last-In, First-Out”. It is a method used for the purpose of assuming cost flows when calculating the cost of goods sold. The LIFO method assumes that the newest products added to the company's inventory are sold first.

In times of rising prices, it may be beneficial for companies to use LIFO versus FIFO cost accounting. Under LIFO, businesses can save on taxes and also better align their income with the latest costs when prices rise. International Financial Reporting Standards (IFRS).

The order in which an element is added to or removed from the stack is described as last in, first out, abbreviated as LIFO.

Learn more about LIFO here brainly.com/question/10026597

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What are the ways that panera bread can conduct ethical and proper forms of competitive analysis to learn about potential compet
katrin [286]

Ethical practices means not harming the business  or tarnishing the name of the business. Panera bread could speak with their competitors regarding their products or they could decrease the price of their products

5 0
3 years ago
What piece of information is most helpful when you're comparing investments?
padilas [110]
The ROI percentages 

Hope this helps!
3 0
3 years ago
Joyce works hard and puts in many extra hours. For this, she can anticipate a pay raise, a promotion, or an expanded sales terri
Alex17521 [72]

Answer:

Expectancy theory

Explanation:

Expectancy theory states that when an individual is faced with different choices they will be motivated in a certain way in choosing a particular option based on what they expect to be the result of the choice.

So behaviour is affected by perceived result or consequence of a particular choice.

In the given scenario Joyce works hard and puts in many extra hours, and getting a promotion is most important to Joyce.

So because of her expectations that manager must recognise that:

(1) she is putting in hard work and long hours to obtain a promotion,

(2) what motivates Joyce will change over time (if she does not get the promotion), and

(3) he must clearly show Joyce how to attain the desirable reward.

7 0
3 years ago
Accounting is referred to as the language of business because it is the method of communicating business information to decision
VARVARA [1.3K]

'Accounting is referred to as the language of business because it is the method of communicating business information to decision-makers.

This statement is True.

Accounting, also called bookkeeping, is the measurement, processing, and transmission of financial and non-financial information about economic entities such as businesses and enterprises.

Definition of Accounting is the process of systematically recording and maintaining financial accounts. Creating an income statement is an example of accounting. noun.

The process of systematically recording all company financial transactions. This includes analyzing, summarizing and reporting financial transactions to regulators, authorities and tax authorities. Accountants do the bookkeeping process for a company.

Learn more about Accountants brainly.com/question/26380452

#SPJ4

3 0
2 years ago
in most large cities there are a large number of bakeries. these bakeries produce similar, but not identical, products. some bak
lana [24]

The bakery market in a large city is an example of Monopolistic competition.

Monopolistic competition exists when many companies offer competing products or services that are similar, but not perfect, substitutes. In this case, the bakeries in large cities that produce similar, but not identical products. The market structure is a form of imperfect competition.

Some of the characteristic of a monopolistic competition structure are;

The presence of many companies.

Each company produces similar but differentiated products.

Companies are not price takers.

Free entry and exit in the industry.

Companies compete based on product quality, price, and how the product is marketed.

For further clarification refer here;

brainly.com/question/13311608

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8 0
2 years ago
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