1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lena [83]
4 years ago
6

Under which of the following conditions will the FIFO method produce the same cost of goods manufactured as the weighted-average

method? A. There is no ending inventory.B. There is no beginning inventory.C. The beginning and ending inventories are equal.D. The beginning and ending inventories are both 50% complete.
Business
1 answer:
joja [24]4 years ago
7 0

Answer: The correct answer is <u>".B. There is no beginning inventory.".</u>

Explanation:  

The weighted average method produces the same cost of manufactured goods as the FIFO method (First in First out) when there is no beginning inventory because there are no units at the beginning that drag the cost.

You might be interested in
Assume Organic Ice Cream Company, Inc., bought a new ice cream production kit (pasteurizer/homogenizer, cooler, aging vat, freez
vladimir1956 [14]
The correct answer is a I a, typing to get the answer right
6 0
3 years ago
In each of the following independent cases, indicate the amount (1) deductible for AGI, (2) deductible from AGI, and (3) deducti
OLEGan [10]

Answer: kindly check your questions, I don't think it's complete.

For the first independent case as you have given in the question. Here is the answer below:

1) Ted paid $90 rent on a safety deposit box at the bank. In this box he kept the few shares of stock that he owned-------

Answer

Deductible for AGI $0

Deductible from AGI $90

Not deductible $0

Deduction from AGI (investment expense )

------For the remaining independent cases as you omitted in the question will be seen below with answers

2.Tyler paid $177 for minor repairs to the fence at a rental house he owned

Answer: Deductible for AGI $177

Deductible from AGI $0

Not deductible $0

-Deduction for AGI

And Rental expense.

3)Timmy paid $585 for health insurance premiums this year (not through an exchange). Timmy is employed full-time and his employer paid the remaining premiums as a qualified fringe benefit.

. Answer---

Deductible for AGI $0

Deductible from AGI $585

Not deductible $0

The health insurance premium is from AGI,

Health itemized deduction which is also subjected to an AGI floor limitation.

4)Tess paid $2,090 of state income taxes on her consulting income. (W-2)

Answer---Deductible for AGI $0

Deductible from AGI $2,090

Not deductible $0

--The state income taxes are deductible from AGI which is an itemized deduction.

4 0
3 years ago
In 2022 the Cheyenne Corp. had net credit sales of $870000. On January 1, 2022, the Allowance for Doubtful Accounts had a credit
OleMash [197]

Answer:

$22,450

Explanation:

Bad debt Expense will be calculated using the percentage of debt loss. The expense will be calculated using the account receivable balance

Beginning bal. of Allowance for Doubtful Accounts ($21,600)

- Uncollectible Accounts Receivable written off        <u>$32,700</u>

Adjustment of Allowance for Doubtful Accounts       <u>$11,100 </u>

Accounts receivable balance at December 31           $11,350

+ Adjustment of Allowance for Doubtful Accounts    $11,100 Adjustment to Allowance for Doubtful Accounts     $22,450

at December 31, 2022

5 0
3 years ago
_____ is the process of having managers and employees perform new behaviors that are central to and symbolic of the new organiza
Burka [1]

Answer:

behavioral addition

Explanation:

The term that is being described within the question is known as behavioral addition. As described, this is the process in which the company wants all personnel to perform new behaviors so that the new organizational culture cements itself. This is done mainly when a company wants to steer itself towards a new goal and these behaviors will create the right mindset for all employees and managers.

5 0
3 years ago
A wedding party hired a sole proprietorship to cater their wedding. In this situation, the sole proprietorship is a partnership,
vova2212 [387]
True, because what paragraph
4 0
3 years ago
Read 2 more answers
Other questions:
  • An advantage of the prototype model in describing how we think about concepts is that
    12·1 answer
  • Al, who is single, has a gain of $40,000 on the sale of § 1244 stock (small business stock) and a loss of $80,000 on the sale of
    14·1 answer
  • The _____is a personality assessment model that taps basic dimensions encompassing most of the significant variation in human pe
    13·1 answer
  • Ads sent via email must be designated as advertisements.<br> 1. True<br> 3. False
    10·1 answer
  • On April 1, 2016, the KB Toy Company purchased equipment to be used in its manufacturing process. The equipment cost $57,200, ha
    7·2 answers
  • The recently appointed CEO of XYZ Inc. uses a luxury summerhouse owned by the company for rest and relaxation with his family as
    5·1 answer
  • Patton Company purchased $900,000 of 10% bonds of Scott Company on January 1, 2015, paying $846,225. The bonds mature January 1,
    10·1 answer
  • An apparel manufacturing plant has estimated the variable cost to be $3.30 per unit. Fixed costs are $1,800,000 per year. Forty
    11·1 answer
  • Imagine that you are the manager of valley skateboard shop. the accountant for the business has delivered the news that sales ar
    13·1 answer
  • Which of these items is NOT important to cosier when selecting a credit card?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!