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
Bond [772]
3 years ago
8

Quiet Phones Company has the following inventory data: July 1 Beginning inventory 30 units at $19 $ 570 7 Purchases 105 units at

$20 2,100 22 Purchases 15 units at $22 330 $3,000 A physical count of merchandise inventory on July 30 reveals that there are 48 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is Group of answer choices $2,010. $990. $930. $2,070.
Business
1 answer:
ella [17]3 years ago
5 0

Answer:

$2070.-

Explanation:

The LIFO method is the short for: the last in, first out.

Is used to place an accounting value of the inventory, it operates under the assumption that the last item of inventory purchased or maked is the first to be sold, (except in agricultural products)

You might be interested in
g One of the advantages to using common-sized income statements for analysis is _____________________ Group of answer choices a.
valina [46]

Answer:

b. comparisons between companies with drastically different levels of sales is made easier

Explanation:

  • An advantage of the common size income statement is that they help the financial users to understand more clearly interns of the ration or the percentage of each individual item in the economic statements the percentage of the total sales of the company.
7 0
3 years ago
Just-in-time management could be best defined in which of the following ways?Select one of the options below as your answer. A.
Tema [17]
The correct answer is D. decreasing inventory to lower costs

If you decrease inventory, then you don't have trapped money. If someone needs something, you can then order the things you need from your supplier and then sell it to the people who ordered it.
7 0
3 years ago
What is the FIRST action you should take if you suspect there has been a fraudulent charge on your credit card?
djverab [1.8K]
Okay call your credit card company up and ask them where the last purchase was and if your scared someone hacked into your account shut down your credit card. (if you do this you'll have to get a new one)<span />
8 0
4 years ago
What is the historical development of accounting​
Vaselesa [24]

Answer:

Accounting history dates back to ancient civilizations in Mesopotamia, Egypt, and Babylon. For example, during the Roman Empire the government had detailed records of their finances. However, modern accounting as a profession has only been around since the early 19th century. The earliest accounting records were found over 7,000 years ago among the ruins of Ancient Mesopotamia. At the time, people relied on accounting to keep a record of crop and herd growth.

Explanation:

4 0
4 years ago
A regional supermarket chain runs print, radio, and television advertisements announcing that 1 percent of its sales is donated
GuDViN [60]

Answer: The correct answer is "Cause-related marketing".

Explanation: This is an example of <u>Cause-related marketing.</u>

Cause-related marketing is a type of corporate social responsibility activity, for which a business promotion campaign has a dual purpose: to increase profitability and improve society.

In this case, the supermarket chain seeks to increase its sales, promoting that 1% of these will be donated to local after-school programs for underprivileged youth.

3 0
3 years ago
Other questions:
  • Ryan wants to work in a factory as a machine operator. What is a basic requirement for this job? A. a doctorate degree B. on-the
    5·2 answers
  • True or false: keynesian economists argue that the government can fight inflation by implementing expansionary fiscal policy.
    12·1 answer
  • At the beginning of the year, Penny's "tax basis" capital account balance in the PAL Partnership was $60,000. During the tax yea
    11·1 answer
  • _______ is an incentive in conserving both renewable and non-renewable resources.
    12·2 answers
  • Which of the following statements is correct?
    11·1 answer
  • The Holtzman Corporation has assets of $384,000, current liabilities of $54,000, and long-term liabilities of $79,000. There is
    13·1 answer
  • On January 2, 2015, Vaughn Corporation issued $1,650,000 of 10% bonds at 96 due December 31, 2024. Interest on the bonds is paya
    7·1 answer
  • Instances where' silence is golden ' is applicable
    5·1 answer
  • Plimpton Company produces countertop ovens. Plimpton uses a standard costing system. The standard costing system relies on direc
    9·1 answer
  • vProblem 10-4 Partnership Formation (LO 10.2) Elaine's original basis in the Hornbeam Partnership was $40,000. Her share of the
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!