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kiruha [24]
4 years ago
5

Fifo reports higher gross profit and net income than the lifo method when

Business
1 answer:
ddd [48]4 years ago
4 0
<span>FIFO (First in, First Out) reports higher gross profit and net income than the LIFO (Last In, First Out) method when prices are increasing. The FIFO method refers to an inventory system wherein the first items purchased are thought to be sold while the most recent purchases make up the ending inventory. On the other hand, the LIFO method assumes the opposite. The ones sold are the most recent purchases while the earlier purchases are included in the ending inventory. </span>
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Last year the Perfection Logistics Company delivered a total of 3.1 million packages, during which they damaged 45,000 deliverie
Brums [2.3K]

Answer:

97%

Explanation:

Total number of packages delivered = 3,100,000packages

Imperfect orders are as follows;

Deliveries damaged = 45,000

Packages sent to wrong address = 28000

Late deliveries =20,000

Total packages not perfectly delivered = 45000+28000+20000

= 93,000packages

Percent of orders that are not perfectly delivered = Total packages not perfectly delivered/Total packages × 100%

Percent of orders that are not perfectly delivered = 93000/3,100,000 × 100

= 0.03× 100

= 3%

Percent perfect order = 100% - Percent of orders that are not perfectly delivered

Percent perfect order = 100%-3%

Percent perfect order = 97%

6 0
3 years ago
What is the process of researching or studying a concept?
Zolol [24]
Learning.
Or at least I believe so. Are there multiple choice?
4 0
3 years ago
Large investors known as __________________________ are organizations such as pension funds, mutual funds, insurance companies,
VARVARA [1.3K]

Institutional investors are large investors who invest their own money as well as other people's money. Examples of these institutions include pension funds, mutual funds, insurance companies, and banks.

<h3>What do you mean by institutional investors?</h3>

A business or organization that makes investments on behalf of customers or members is known as an institutional investor. Examples of institutional investors include endowments, mutual funds, and hedge funds. Institutional investors are frequently under less regulatory scrutiny and are thought to be savvier than the common investor.

Institutional investors come in a variety of forms, including banks.

  • Credit unions.
  • Retirement plans.
  • Insurance organizations.
  • Hedging funds
  • Funds for venture capital.
  • Investment funds.
  • Trusts that invest in real estate.

To know more about institutional investors, visit: brainly.com/question/14317890

#SPJ4

4 0
1 year ago
Suzanne's Cleaners is considering a project that has the following cash flow data. What is the project's payback?
natima [27]

Answer:

The payback period is E. 3.52 years

Explanation:

The payback period is the time taken for an investments cash inflows to cover the initial outlay or initial cost of the project. The payback period tells how much time the project will require to cover its initial cost.

The initial cost of the project is  $1100

By the end of Year 3, the project will recover = 300 + 310 + 320 = 930

The remaining amount to recover initial cost = 1100 - 930 = 170

Assuming that the cash flows occur evenly though out the years, the payback period will be = 3 + (170 / 330) * 10 = 3.515 rounded off 3.52 years

3 0
3 years ago
A variable is a data characteristic that stands for a value that changes or varies over Blank______. Multiple choice question. b
oee [108]

Data characteristics that represent a value that shifts or changes over time.

<h3>What makes a characteristic of data?</h3>

Data quality features make sure you get the most out of your information in the commercial world of today. Your information is not valuable if it doesn't adhere to these guidelines. To increase your data's accuracy, completeness, dependability, relevance, and timeliness, Precisely offers data quality solutions.

<h3>What six properties do data have?</h3>

Accuracy.

Validity.

Reliability.

Timeliness.

Relevance.

Completeness.

<h3>What qualifies as a variable data characteristic?</h3>

The value of the variable's data type, which describes the sort of data a variable represents—such as a number, string, or date—is important to understand. The variable's range, which describes where the data is accessible and how long the variable lasts.

learn more about variables here <u>brainly.com/question/12456133</u>

#SPJ4

3 0
2 years ago
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