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2 years ago

Which factors may influence a company's choice of inventory cost flow assumption?

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inventory cost flow assumption influence by tax implications of choice ,financial statement effect, actual physical flow of inventory.

The way or channel that costs move through a company is referred to as the flow of costs. The flow of costs typically pertains to manufacturing businesses where accountants are required to quantify expenses associated with raw materials, work in progress, finished goods inventory, and cost of goods sold.

Four commonly acknowledged methods—specific cost, average cost, first-in, first-out (FIFO), and last-in, first-out—are available for allocating expenses to ending inventory and cost of goods sold (LIFO).

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Using the categories of liquidity, profitability and operations management describe which ratios would be used and why to determ

NNADVOKAT [17]

The ratio that is mostly used to determine whether or not a loans officer at the bank would loan a business money is known as the debt-to-equity ratio.

<h3>What is the debt-to-equity ratio?</h3>

This refers to the ratio that allows to measure of the relative contribution of the creditors and shareholders or owners in the capital employed in business.

The debt-to-equity ratio provides an insight into a company's use of debt. When the company have a high D/E ratio, it is considered a higher risk to lenders and investors because it suggests that the company is financing a significant amount of its potential growth through borrowing.

Therefore, the ratio that is mostly used to determine whether or not a loans officer at the bank would loan a business money is known as the debt-to-equity ratio.

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1 year ago

Tax rates for proprietorships, partnerships, and LLCs ______ with the passage of the Tax Cuts and Jobs Act of 2017.

Alex73 [517]

The provision on tax rates for proprietorship, partnerships, and LLCs <u>changed</u> with the passage of the Tax Cuts & Jobs Act.

The Tax Cuts & Jobs Act is a legislation that guides tax rate on income and addresses concerns about tax credit for employers.

In conclusion, the provision on tax rates for proprietorship, partnerships, and LLCs <u>changed</u> with the passage of the Tax Cuts & Jobs Act.

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2 years ago

How does earned income, like wages, differ from unearned income, like interest or rental

Gemiola [76]

Answer:

Your tax liability is based on your overall income, so it's important to understand the different types of income and how the IRS treats them. Earned income and unearned income each include diverse forms of payments and have unique tax implications.

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3 years ago

Name two books of prime entry that are also books of double entry?

aev [14]

A book or record in which certain types of transaction are recorded before becoming part of the double-entry book-keeping system. The most common books of prime entry are the day book, the cash book, and the journal

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3 years ago

Grace called a team meeting at her company to go over the results of her marketing research. Before walking through the results,

bearhunter [10]

Answer:

sorry,I don't know the correct answer

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3 years ago

Read 2 more answers