<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>
Answer:
Actual Cost of Supplier A: $291.60
Actual Cost of Supplier B: $271.60
Explanation:
<u>Supplier A:</u>
Cost - 270
Shipping FOB shipping point
Purchase Discount = Invoice Price * Discount
For Supplier A, the invoice price is 270 and discount is 2/10 = 2%, so:
Purchase Discount = 270 * 0.02 = $5.4
Cost is:
270 + 27(shipping FOB point) - 5.4 = $291.60
<u>Supplier B:</u>
Cost - 280
Shipping Destination (so 0)
Purchase Discount = Invoice Price * Discount
For Supplier B, the invoice price is 280 and discount is 3%, so:
Purchase Discount = 280 * 0.03 = $8.4
Cost is:
280 - 8.4 = $271.60
Sidewinder, Inc., has sales of $670,000, costs of $337,000, depreciation expense of $82,000, interest expense of $47,000, and a
Pani-rosa [81]
Answer:
Additions to Retained earnings $78,040
Explanation:
The additions to the retained earnings of Sidewinder, Inc can be calculated as follows
Sales $670,000
Costs ($337,000)
Depreciation expense ($82,000)
Interest expense ($47,000)
Profit before tax $204,000
[email protected]% ($48,960)
Profit after tax $155,040
Less:Dividends ($77,000)
Additions to Retained earnings $78,040
Marketers apply <u>"marketing analytics"</u> to the large and complex sets of data they collect to gain customer insights and gauge performance.
Marketing analytics is the act of estimating, overseeing and dissecting promoting execution to augment its viability and streamline rate on investment (ROI). Understanding marketing analytics enables advertisers to be more effective at their employments and limit squandered web marketing dollars.
Past the conspicuous deals and lead age applications, advertising examination can offer significant bits of knowledge into client inclinations and patterns.
Advertising wearout is a term used to describe the wear of an advertising campaign that can even irritate consumers.
<h3>What is advertising wearout?</h3>
It is the loss of effectiveness in the memory of the message or the feeling of irritability before an advertisement by increasing the level of exposure.
It is a consequence of the constant maintenance of the advertisement in the medium that consumers become saturated of seeing the same commercial repeatedly.
Therefore, we can conclude that advertising wearout is a term used to describe the wear of an advertising campaign that can even irritate consumers.
Learn more about advertising here: brainly.com/question/13069627
