Answer:
$140,000
Explanation:
The difference between operating incomes under absorption costing and variable costing based on fixed expenses is shown below:
Variable costing:
Fixed manufacturing overhead in production $750,000
Absorption costing:
The Fixed cost would be
= Beginning fixed manufacturing overhead in inventory + Fixed manufacturing overhead in production - Ending fixed manufacturing overhead in inventory
= $190,000 + $750,000 - $50,000
= $890,000
So, the difference would be
= $890,000 - $750,000
= $140,000
Based on financial and accounting principles, the general message of the full disclosure principle is that "<u>the lack of evidence that something resides in a favored category will often suggest that it belongs to a less favored one."</u>
This is because the full disclosure principle state that all information should be documented in a company or individual financial statements which are believed to affect a reader's knowledge of that specific financial statement.
This ensures that every party that needs to access the financial statements under concern should fully understand them without missing any form of information.
Otherwise, any missing link or information will be ruled in favor of the less favored party in a legal situation.
Hence, in this case, it is concluded that the correct answer is option D.
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Answer:
the cost of the merchandise sold for November if the company uses LIFO is c. $590
Explanation:
LIFO Inventory System sells the Inventory recently acquired first followed by the Older Inventory Acquired.
<u>Cost of the merchandise sold for November - Calculation</u>
November 4 : 10 units × $19 =$190
November 17 : 20 units × $20 =$400
Total =$590
<u>An in-text citation(a) A brief quotation from an outside author's work that leads the readers to works by the same author.</u>
Explanation:
An in-text citation is a reference which is made within the body of text of an academic writing .
It is the in-text citation that alerts the reader about a source that has informed your own writing. The exact format of an in-text citation will depend on the style you need to use, for example, APA,MPA style
An in-text citation is used to, summarize, paraphrase, or quote from another reference source.
For Example :-In APA style in-text citation uses the author's last name and the year of publication, like (tsield, 2008). For direct quotations, include the page number as well (tsield, 2008, p. 18).
<u>An in-text citation(a) A brief quotation from an outside author's work that leads the readers to works by the same author.</u>
Open book management is the practice of sharing with employees at all levels of an organization vital information previously meant for management's eyes only.
Open book management (OBM) is defined as empowering every employee of an organization with required knowledge about the processes, adequate training and powers to make better decisions which would help them in running a business.
Open-book management is underlined by the theory that workers are more motivated and productive when they are treated as business partners – who traditionally have access to financial data – rather than employees. Open-book management nearly always improves near-term financial results. OBM is that it makes a company stronger over the long haul.
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