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kiruha [24]
3 years ago
5

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

Business
1 answer:
ddd [48]3 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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In a perfectly competitive market, all producers sell identical goods or services. Additionally, there are many buyers and selle
V125BC [204]

Answer:

True

Explanation:

In a perfectly competitive market, all producers sell identical goods or services. Additionally, there are many buyers and sellers. Because of these two characteristics, both buyers and sellers in perfectly competitive markets are price takers. Market price is set by the forces of demand and supply.

If the seller attempts to set his own price and sets it above the market price, the seller would lose all its customers and make zero sales.

If the seller attempts to set his own price and sets it below the market price, the seller would make losses .

I hope my answer helps you.

7 0
3 years ago
1. Take a look at the figure. The bodies of the lamps shown have harmony of
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D) scale
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8 0
2 years ago
How do i change the tracks on friday nights funkin, fnf, online game?
saveliy_v [14]

Answer:

you need to click on the tracks button and then you can switch from there

Explanation:

4 0
2 years ago
Read 2 more answers
Bronson Manufacturing is planning to issue $12 million in bonds. Based on a poll of potential investors, they have the highest c
Ne4ueva [31]

Answer:

Option A

Total interest = 9.5% x $1,000 x  3 years =  $285

Option  B      

total interest  =  7.25% x $1,000 x 4 years = $290

Option C

Total interest = 5.5% x $1,000 x 8 years = $440

Option D

Total interest = 6% x $1,000 x 6 years = $360

Option c will cost the company the most in total interest over the life of the bond

Explanation:

In this case. the total interest over the life of the bonds is calculated. The total interest is a function of interest rate, par value of the bonds and number of years to maturity. A par value of $1,000 is assumed in this respect.

8 0
2 years ago
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Shtirlitz [24]

Answer:

The statement is false

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The statement is false as, it is not allowed or permissible for information to flow in criss- cross or back tracking pattern in the office as long as the employees did not complain. The information is very crucial for every business, and the person or individual or employee should disclose the information in any manner un till it is permissible by the higher authorities or necessary to shared among them.

8 0
3 years ago
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