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3 years ago

The first costs assigned to ending inventory are the costs of the beginning inventory under the

1 answer:

Nadusha1986 [10]3 years ago

6 0

<span>The answer is LIFO method or last in first out method. This is a practice that is rarely used in business as it could cause the inventory to become very old and unusable. For example milk on a shelf in the grocery store, if you keep putting fresh milk out front the back milk would expire before being used.</span>

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Eastern Corporation collects 10% in the second month following sale, 55% in the month following sale, and 35% of a month's sales

monitta

I believe the answer is B if not let me know

3 0

2 years ago

Smashed pumpkins co. Paid $200 in dividends and $624 in interest over the past year. The company increased retained earnings by

Maru [420]

Dividends that were paid last year = $200

Retained earnings = $522

Net Income = Retained earnings + Dividends paid = 200+522 =722

Tax rate was 38%.

Earnings before tax (EBT) = Net income/ (1-tax rate) =722/(1-0.38) = 1,164.52

Interest expense= 624

Earnings before interest and tax (EBIT) = EBT + interest expense = 1,164.52 + 624 = 1,788.52

Earnings before interest and tax (EBIT) = 1,788.52

3 0

2 years ago

Ted is a quality control manager at Greenwoods Cement Inc. Any time a problem arises and a decision needs to be made, he believe

denis-greek [22]

Answer:

D) Facilitative

Explanation:

Facilitative style: In management, the term "facilitative decision-making style" is described as one of the different decision making styles that indicates a specific joint effort between subordinates and leaders and they are both are providing an input in order to make a "shared decision". Along with this, they also possess some degree or extent of expertise or/and motivation that is responsible for ensuring an effective decision is being made.

In the question above, the given statement represents a facilitative decision-making style.

4 0

2 years ago

In an organization, project managers report directly to the head of a PMO. In this case, which statement is probably not true

snow_tiger [21]

Answer:

Projects will be run by the functional organization and project managers expedite change control.

Explanation:

A project management office or PMO is a department within an organisation that is tasked with maintaining the standard of project management. They also make sure there is economies of repitition in project execution (ensure success of projects is replicated).

In the given scenario if project managers report to the head of a PMO it means that the project management team is independent of the functional organisation.

So the statement - Projects will be run by the functional organization and project managers expedite change control.

Is false.

3 0

2 years ago

Assume a company's current ratio and acid-test ratio are less than 1.0 before it purchases inventory on credit. When it makes th

I am Lyosha [343]

Answer: b. Its quick ratio decreases.

Explanation:

The Quick ratio is calculated net of inventory to determine if a company can cover its current liabilities with its more liquid current assets. The formula is to subtract Inventory from the Current Assets and then divided that by the Currency liabilities.

The Quick ratio will be less than before because the number of current assets will not change but the amount of current liabilities will change as the goods were purchased on credit. With a larger denominator, the resultant ratio will be less than before.

7 0

3 years ago