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exis [7]
2 years ago
13

Which of the four inventory approaches transfers the most recent purchase cost to the cost of goods sold and the remaining items

in inventory are valued at the oldest acquisition costs?
Business
1 answer:
Alina [70]2 years ago
4 0

Answer:

Last In First Out (LIFO)

Explanation:

The cost flow assumption of the last-in, first-out (LIFO) allocates the cost of goods available for sale between the end of inventory and the cost of goods sold on the assumption that the most recent purchases (the last in) are the first ones sold (the first out).

Therefore, LIFO methods give the most recent cost of purchase.

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The financial ratio that indicates how efficiently the managers of the organization are collecting the revenue due to the organi
Marysya12 [62]
It is the Days sales outstanding ratio or the DSO ration. It can be computed to estimate the firms' average account receivable. It illustrates on how the firm's receivable will be managed. It is usually determine on an annual, monthly and quarterly basis.
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3 years ago
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Charleston, Inc. has Accounts Receivable of $320,000 and an Allowance for Doubtful Accounts of $16,000. If it writes-off a custo
noname [10]

Answer:

$304,000

Explanation:

Please see attachment

5 0
3 years ago
Francisco leased equipment from Julio on December 31, 2021. The lease is a 10-year lease with annual payments of $159,000 due on
vodomira [7]

Answer: $789855

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Initial liability = $1,006,192

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× Implicit rate 12%

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Then, reduced balance will be:

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4 0
3 years ago
A(n) _____ refers to a situation where a publicly traded company is purchased and then taken off the stock market.
dalvyx [7]
Leveraged buyout/////////////////
4 0
3 years ago
In assessing whether the improvement in advertising sales can properly be attributed to the reorganization, it would be most hel
Nookie1986 [14]

Answer:

The question is incomplete, please see complete question below:

Following several years of declining advertising sales, the Greenville Times reorganized its advertising sales force two years ago. Before the reorganization, the sales force was organized geographically, with some sales representatives concentrating on city-center businesses and others, on different outlying regions. The reorganization attempted to increase the sales representatives' knowledge of clients' businesses by having each sales representative deal with only one type of industry or of retailing. After the reorganization, advertising sales increased.

In assessing whether the improvement in advertising sales can properly be attributed to the reorganization, it would be helpful to find out each of the following EXCEPT:

A.Two years ago, what proportion of the Greenville Times' total revenue was generated by advertising sales?

B.Has the circulation of the Greenville Times increased substantially in the last two years?

C.Has there been a substantial turnover in personnel in the advertising sales force over the last two years?

D.Before the reorganization, had sales representatives found it difficult to keep up with relevant developments in all types of businesses to which they are assigned?

E.Has the economy in Greenville and the surrounding regions been growing rapidly over the last two years?

The correct answer is

<em>A.Two years ago, what proportion of the Greenville Times' total revenue was generated by advertising sales? </em>

Explanation:

The  proportion of the Total Revenue (TR) generated by advertising sales is of no significance. Our objective is to find out if there was an improvement in advertising sales that can  properly be attributed to the reorganization.

4 0
3 years ago
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