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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.

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On April 30, 2015, Zono Electronics, Inc. made a payment of $3,500 to Imperial Distributors, a supplier. Choose the statement th
pav-90 [236]

Answer:

A) Debit cash, credit accounts receivable

Explanation:

As the statement said, Zoono electronics made a payment which means they are debiting cash amount of $3,500 to imperial distributor who is a supplier. So the best statement that best describes the recording of this financial transaction by imperial distributor is their account receivable has been credited and cash is debited. All the other options are wrong except this.

3 0
3 years ago
Your mom is thinking of retiring. her retirement plan will pay her either $250,000 immediately on retirement or $350,000 five ye
WITCHER [35]
I will go with choice b for answer
4 0
3 years ago
When you create an appointment schedule for the doctor, based on her preferences, you should _____. A. avoid scheduling appointm
shusha [124]

When you create an appointment schedule for the doctor, based on her preferences, you should (D) all of the above.

<h3>What is an appointment?</h3>
  • A legal appointment is one in which the subject matter is of a legal character.
  • Meetings with attorneys, administrative hearings, interviews and/or interactions with police officers, and any type of appeal affecting housing, finances, or an individual's civil liberty are examples of these appointments.
<h3>Solution -</h3>

So when we create an appointment for the doctor, based on her preferences we should:
Avoid being too early or too late, we just have to be at the right time. So option (A) is correct.

We should always try to create appointments in blocks to make the appointment comfortable for both. So, option (B) is also correct.

Whenever we fix an appointment, we should always consider the travel time. So, option (C) is also correct.

Therefore, when you create an appointment schedule for the doctor, based on her preferences, you should (D) all of the above.

Know more about appointments here:

brainly.com/question/24294091

#SPJ4

6 0
1 year ago
An investor purchases a 15-year, $1,000 par value bond that pays semiannual interest of $40. If the semiannual market rate of in
ra1l [238]

Answer:

Bond Price​= $846.3

Explanation:

Giving the following information:

YTM= 0.05

Maturity= 15*2= 30 semesters

Par value= $1,000

Coupon= $40

<u>To calculate the price of the bond, we need to use the following formula:</u>

<u></u>

Bond Price​= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond Price​= 40*{[1 - (1.05^-30)] / 0.05} + [1,000 / (1.05^30)]

Bond Price​= 614.90 + 231.38

Bond Price​= $846.3

6 0
2 years ago
Fuzz Inc., a well-known soft drink manufacturing company, introduces a new drink into the market, to make up for the company's p
mars1129 [50]

Answer:

C.

Explanation:

Organizational effectiveness happen when an association is able to meet its objectives and achieve the outcomes the organization intends to produce. This means an organization that produces a desired effect or an organization that is productive without waste.

Is critical to success in any economy. In order to achieve increased and sustainable business results, organizations needs to execute strategy and engage employees.

Is about each individual doing everything they know to do and doing it well. in other words organizational effectiveness is the capacity of an organization to produce the desired results with a minimum expenditure of energy, time, money and human and material resources.

8 0
3 years ago
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