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dangina [55]
4 years ago
6

Identify two advantages of dollar-value lifo compared with unit lifo.

Business
1 answer:
Gnom [1K]4 years ago
6 0
Can you please explain more? :)
You might be interested in
Comfort Cords produces curtain cords. In the process of manufacturing those cords, it also produces hair ties which are sold sep
hoa [83]

Answer:

$609,000

Explanation:

The revenue in June for  Comfort Cords is the sum of the revenue from cords and hair ties.

The revenue from each is the product of the unit selling price and the quantity sold.

= 50000 * $12 + 9000 * $1

= $600,000 + $9000

= $609,000

3 0
4 years ago
Which of the following statements is FALSE regarding resignations in the workplace? The most qualified employees are often the o
Musya8 [376]

Answer:

The correct option is the statement that reads " If a firm commits to making its environment a good place to work,workers will not leave"

Explanation:

The most qualified employees are always been poached because of the value they add to any organization,hence the first statement is absolute truth.

The second statement  is wrong because there the best working environment cannot stop people from resigning,what in case someone needs to study masters abroad?

A certain level of turnover is healthy since it paves from for new hands with fresh perspective to be hired.

However, when turnovers becomes excessive,it implies a fundamental problem with the workplace.

7 0
3 years ago
A data analyst at a construction company is working on a report for a quickly approaching deadline. Why might they choose to ana
damaskus [11]

A data analyst of a construction company chooses to analyze the historical data as the construction project is for a very short time period.

<h3>What is a construction company?</h3>

A construction company is an entity that takes on construction projects of making buildings, towers, bridges, flyovers, etc.

When the construction project is for a short duration, then the data analyst decides to analyze the historical data, that is, the data that is based on past figures and has not been affected by any market fluctuations. It helps the data analyst to make a report in a quick manner without any kind of further delay.

Therefore, the historical data can be studied by a data analyst where the construction project is completed in a short span of time.

Learn more about the data analyst in the related link:

brainly.com/question/26253705

#SPJ1

8 0
2 years ago
A purchase of equipment for $18,000 also involved freight charges of $500 and installation costs of $2,500. The estimated salvag
IrinaVladis [17]

Answer:

$4,750

Explanation:

The computation of the depreciation expense is shown below:

= (Original cost - residual value) ÷ (useful life)

where,

Original cost = $18,000 + $500 + $2,500 = $21,000

And, the other items would remain same

Now put these values to the above formula

So, the value would be equal to

= ($21,000 - $2,000) ÷ (4 years)

= ($19,000) ÷ (4 years)  

= $4,750

3 0
3 years ago
Identify the accounting assumption or principle that is described below. (a) Belief that a company will remain in operation for
Leviafan [203]

Answer:

(a) Belief that a company will remain in operation for the foreseeable future.

Accounting assumption or principle: Going concern assumption

(b) Indicates that personal and business record-keeping should be separately maintained.

Accounting assumption or principle: Economic entity assumption

(c) Only those items that can be expressed in money are included in the accounting records.

Accounting assumption or principle: Monetary unit assumption

(d) Separates financial information into time periods for reporting purposes.

Accounting assumption or principle: Periodicity assumption

(e) Measurement basis used when a reliable estimate of fair value is not available.

Accounting assumption or principle: Historical cost principle

(f) Dictates that companies should report all circumstances and events that make a difference to financial statement users.

Accounting assumption or principle: Full disclosure principle

4 0
3 years ago
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