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4 years ago

Which of the following statements is correct? Multiple Choice

Business

1 answer:

nikitadnepr [17]4 years ago

4 0

Answer: D -LIFO results in a higher net income than FIFO when costs are falling.

Explanation:

The LIFO and FIFO are methods of accounting for inventory.

LIFO means last in, first out. It means the last inventory purchased is the first inventory sold.

FIFO means first in,first out. It means older inventories are sold off first.

During period of rising prices, LIFO results in lower net income because the Cost of Goods Sold is higher. Inventories cost more during periods of rising prices.

When prices are falling , the LIFO method results in a lower cost of goods sold and therefore a higher net income.

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Owen plans to open Owen's Pets Store, a pet supplies outlet, and to hire Quinn and Ruth. Owen will invest only his own money. He

rusak2 [61]

Owen plans to open Owen's Pets Store, a pet supplies outlet, and to hire Quinn and Ruth. Owen will invest only his own money. He does not expect to make any profit for at least two years and to make almost no profit for the first three years, but he hopes to expand eventually. Which form of business organization would be most appropriate Owen employs few workers and is not expected to earn profit for the first few years. Although, he still hopes to expand his outlet. In this case, a sole proprietorship is the best option because it is easier and cheaper to start a company. The business owner is free to make all decisions without any consultations. The sole proprietorship earns moderate profits and does not require huge funds in the near future. Owen employs only Quinn and Ruth to run the pet store, which means that it is a comparatively small outlet and does not require huge funds for its financing. Owen will enjoy one more advantage of paying a single tax. This means that the owner (Owen) is required to pay tax either on profits or personal income. This is because, in this organization, the owner and the business are the same entity. The earnings from the business are the personal income of the owner.

<h3>What is business organization?</h3>

The word "business organization" refers to the organizational structure of businesses and how such structure aids in achieving their objectives. Businesses are often built to concentrate on either making a profit or helping society. A company is considered a for-profit entity when it prioritizes making money. An organization is referred to as a nonprofit (or not-for-profit) organization and is not often called a business when it aims to further the social good through the arts, education, health care, or some other sector.

To learn more about business organization from the given link:

brainly.com/question/24734641

#SPJ4

5 0

2 years ago

Break-Even Sales Currently, the unit selling price of a product is $7,520, the unit variable cost is $4,400, and the total fixed

-Dominant- [34]

Answer:

Current Break Even point = 6,500 units

Break Even point in Unit Sale = 7,500 units

Explanation:

The computation of break-even sales is shown below:-

Sale price = $8,000

Variable expense = $4,400

Contribution margin = Sale price - Variable expenses

= $8,000 - $4,400

= $3,600

Fixed expenses = $23,400,000

Current Break Even point = Fixed expenses ÷ Contribution margin

= $23,400,000 ÷ $3,600

= 6,500 units

Therefore for computing the break even point we simply divide contribution margin by fixed expenses

b. Sale price = $7,520

Variable expense = $4,400

Contribution margin =$7,520 - $4,400

= $3,120

Fixed expenses plus desired profit = $23,400,000

Break Even point in Unit Sale = Fixed expenses ÷ Contribution margin

= $23,400,000 ÷ $3,120

= 7,500 units

So, for computing the break even point we simply divide contribution margin by fixed expenses

5 0

3 years ago

Adam and Jose are attempting to identify the bundle of product features most likely to attract customers. Jose argues that they

vladimir1956 [14]

Answer:

Conjoint study

Explanation:

A conjoint study is also known as Conjoint analysis, it is a form of market survey or market research that helps a business to know how people interacts with their product and services based on the product's features, functions and benefits.

Conjoint study;

i. Helps to determine the preference level of an individual.

II. It also helps to determine realistic choices of customers or shopping task.

III. Helps to evaluate the psychological factors that consumers use when evaluating different features together.

3 0

3 years ago

It has been reported that 40% of U.S. Workers employed as purchasing managers are females. In a simple random sample of U.S. Pur

alexira [117]

Answer:

a. Population proportion = 0.40
b. Sample proportion = 0.35

Explanation:

Question wants to know the population proportion and the sample proportion.

a. Population proportion:

The population in this case is the U.S. workers employed as purchasing managers. The proportion that we are interested in is the 40% that are female.

Population proportion is therefore 0.40.

b. The sample proportion uses the sample details not the population details:

= Number of females employed as Purchasing managers in sample / Number of Purchasing managers in sample

= 70 / 200

= 0.35

7 0

3 years ago

How do you equip a stabilizer to your bow

Katyanochek1 [597]

To equip a stabilizer to your bow in the following way

Explanation:

Accuracy is improved by a stabilizer, and if you're hunting from a treestand or a ground blind, or in a situation where weight isn't a consideration, you should use a stabilizer to maximize your accuracy.

The longer the stabilizer, the less weight it takes to stabilize the bow,” Bass says. “Shorter stabilizers need more weight to perform the same.” This means that if space is an issue, a shorter but heavier stabilizer should be used. ... And a stabilizer can help provide that weight to a lighter, shorter bow.

Top 5 Best Bow Stabilizer for The Money

1 Trophy Ridge Static Stabilizer – Best Budget Stabilizer. ...

2 Bee Stinger Sport Hunter Xtreme Stabilizer. ...

3 Bee Stinger Pro Hunter Maxx Stabilizer– Best Bow Stabilizer. ...

4 NAP Apache Bow Stabilizer – Best Compound Bow Stabilizer. ...

5 EBBQ Axion SSG Silencer Stabilizer.

To get the maximum power - Multiply "230 x Max rated Current" of all the equipment that are to be connected to the stabilizer. Add a 20-25% safety margin to arrive at stabilizer rating. If you have plans to add more devices later, you can keep buffer for them.

8 0

3 years ago