1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sergejj [24]
3 years ago
10

If merchandise inventory is being valued at cost and the purchase price is steadily falling, which method of costing will yield

the largest net income?
Business
1 answer:
Anvisha [2.4K]3 years ago
3 0

Answer:

The answer is LIFO

Explanation:

LIFO is Last in First out. It means the Inventory that was purchased last goes out first.

In periods LIFO, cost of sales reflects the cost of goods purchased recently and the ending Inventory reflects the older goods.

In periods of falling prices, the costs of ending inventory are high, cost of sales are low and the gross profit are high.

You might be interested in
Australia's Health Insurance Commission processes 300 million health claims and makes annual payments of $8 billion of payments
Aleks04 [339]

The insurance company would store all its information in a <u>data warehouse</u> to support management decision making.

<h3>What is a data warehouse?</h3>

This means the large store of data that was accumulated from a wide range of sources within a firm and are used to guide the management decisions.

Therefore, the data warehouse is the facility that will store tha data for future use and to support management decision making.

Read more about data warehouse

<em>brainly.com/question/25885448</em>

7 0
2 years ago
Sarah is delivering a presentation on time management in the workplace. Each slide consists of not more than four to five points
svetlana [45]

In PowerPoint, you can use the speaker note section to make notes to yourself of things you want to be sure and say during your talk. The audience will not see these notes, they are only on the presenters screen (if the presentation is configured properly).

4 0
3 years ago
Borwan Company uses the weighted-average method in its process costing system. The Assembly Department started the month with 8,
Gnoma [55]

Answer:

73,000 units

Explanation:

The computation of equivalent units for conversion costs is shown below:-

Equivalent units = Units transferred ÷ Finished goods + (Units in closing Work in progress × Percentage of completion)

= (8,000 + 69,000 - 5,000) + (5,000 × 20%)

= 72,000 + 1,000

= 73,000 units

Therefore for computing the Equivalent units we simply applied the above formula.

4 0
3 years ago
What functional-level strategies has Amazon pursued to boost its efficiency? What functional-level strategies has Amazon pursued
Arisa [49]

Answer:

All answers which are asked related to Amazon's strategies and its customer responsiveness are answered below in details.

Explanation:

  • Amazon has executed several approaches to improve its performance. These approaches include optimizing their picking and packing methods by using robots to decrease the expenses that the customer spends.
  • Amazon has achieved new technology to improve performance, and customer responsiveness to increase product quality by spending in Kiva.
  • Quality for Amazon implies increasing quality as perfection; rendering products, by third party retailers, that are not affected, not lapsed or broken.
  • Amazon went from trading books to trading a wide variety of media and general- commodity goods.

It has a sustainable competing advantage

  • When people purchase goods, they match different suppliers on a graded assortment of factors. For Amazon shoppers, those parts, or customer purchasing criteria (CPC), involve cost, fast shipment, and reliable service.
8 0
3 years ago
According to research on marital satisfaction in couples with children, the shape of the marital satisfaction curve across time
Art [367]
Increasing then decreasing.
6 0
3 years ago
Other questions:
  • Which loan type requires you to make loan payments while you’re attending school
    5·1 answer
  • Tommy McCartney is a sixteen-year-old high school student. He has worked forty hours per week at the local convenience store ove
    11·1 answer
  • Why do the us government intervene in the economy during the finanacial crisis in 2008
    15·1 answer
  • Differentiation refers to:
    15·1 answer
  • How do I answer other peoples questions on brainly?​
    9·2 answers
  • The standard amount warning which notifies your company that you are going to quit your job is _______. a. One week’s notice b.
    13·2 answers
  • Need help please <br> Financial statement and ratios quiz
    15·1 answer
  • In an economy with a population of 100 million persons, 42 million hold civilian jobs and 6 million are not working but are look
    14·1 answer
  • We believe in creating loyal customers by providing a superior experience at a great value. We are committed to direct relations
    15·1 answer
  • A few years ago the firm issued $4,000,000 debt with a coupon rate of 4%; currently that debt is trading with a yield to maturit
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!