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]
3 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]3 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
Federated investors has a , with each mutual fund being managed by several portfolio managers who together take responsibility f
Archy [21]
Federated investors has a LOAN , with each mutual fund being managed by several portfolio managers who together take responsibility for the fund's performance.
4 0
3 years ago
The income statement for Stretch-Tape Corporation reports net sales of $540,000 and net income of $65,700. Average total assets
Mnenie [13.5K]

Answer:

7.3%; 12.17%; 0.6 times; 15.95%

Explanation:

Return on assets:

= Net Income ÷ Average total assets

= ($65,700 ÷ $900,000) × 100

= 7.3%

Profit Margin:

= Net Income ÷ Net Sales

= ($65,700 ÷ $540,000) × 100

= 12.17%

Asset Turnover:

= Net Sales ÷ Average Total Assets

= $540,000 ÷ $900,000

= 0.6 times

Return on Equity:

= Net Income before dividend ÷ Equity

= [($65,700 + $30,000) ÷ $600,000] × 100  

= ($95,700 ÷ $600,000] × 100  

= 15.95%

8 0
3 years ago
How can businesses addressing unemployment?
vfiekz [6]
Small businesses are actually the major engine of the economy, especially now that much of our manufacturing jobs have moved overseas, so they play a crucial role in employment.
8 0
3 years ago
Paney Company makes calendars. Information on cost per unit is as follows: Direct materials $1.50 Direct labor 1.20 Variable ove
PilotLPTM [1.2K]

Answer:

c.$21,670

Explanation:

The computation of the break-even point in sales dollars is shown below:

Break even point = (Fixed expenses) ÷ (Profit volume Ratio)  

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit  

= $10 -$1.50 -$1.20 - $0.90 - $0.40

= $6

And, Profit volume ratio = (Contribution margin per unit) ÷ (selling price per unit) × 100

So, the Profit volume ratio = (6) ÷ (10) × 100 = 60%

And, the fixed expenses is $13,000

Now put these values to the above formula  

So, the value would equal to  

= ($13,000) ÷ (60%)  

= $21,670

8 0
3 years ago
Please can u explain 5 types of ledgers​
horsena [70]

Answer:

1. Sales ledger

2. Purchase ledger

3. Cash ledger

4. General ledger

8 0
3 years ago
Read 2 more answers
Other questions:
  • Grey Corporation has $100,000 of accounts receivable on December 31. The unadjusted balance of its Allowance for Doubtful Accoun
    7·1 answer
  • Today, when a customer orders merchandise from an online vendor, the vendor usually sends an immediate order confirmation messag
    8·1 answer
  • You originally required a risk premium of 6 percent in addition to the rate of return on safe assets before you would purchase s
    13·2 answers
  • What are the primary advantages to owning a franchise?
    6·2 answers
  • An appraiser encounters an underground storage tank and there are no signs of failure. An appraisal could be performed under the
    11·1 answer
  • Classify​ Lawlor's costs as period costs or product costs. If the costs are product​ costs, further classify as direct​ material
    15·1 answer
  • 1. ¿que tiene que ver el gobierno populista con el universal basic income? 2. ¿es el UBI bueno para la economía?
    12·1 answer
  • Roy's Welding common stock sells for $64.20 a share and pays an annual dividend that increases by 4.30 percent annually. The mar
    15·1 answer
  • Discs and the Internet are unreliable and often slow, and there's nothing quite as distracting as "_____" in the middle of a pre
    12·1 answer
  • Your buyers love the 1891 victorian they have under contract, but they want to get both the water and the paint tested as soon a
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!