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Crank
4 years ago
6

Morgan Industries is comparing and contrasting its ending inventory value in terms of the three common inventory costing methods

in order to help management determine the most appropriate method to use. The company determines three values, which are $96,000, $100,000, and $105,000. If management determines that $100,000 is the most appropriate value for its ending inventory, what inventory cost method has it most likely chosen?a. middle of cost or market method. b. weighted average inventory cost method. c. LIFO inventory cost method. d. FIFO inventory cost method.
Business
1 answer:
Romashka-Z-Leto [24]4 years ago
4 0

Answer:

b. weighted average inventory cost method

Explanation:

the weithed average, FIFO and LIFO are the three most common nventory costing methods.

Weighted average method always is in middle ground between the FIFO and LIFO result.

The company has picked neither the lowest or higher, so it picked Weighted Average.

The reason for that, is that W-A as the name implies uses all the goods and calculate a new cost per unit, doing so is influence by the first unit (FIFO) and the last units (LIFO) This makes their valuation in the middle of these other two methods results.

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Explain the following sentence when thinking about the international data Electra bikes is using to run its business. It is neve
Andreas93 [3]

Answer:

B. It is never possible to have all of the information required to make a 100 percent accurate prediction because achieving perfect information is almost impossible and extremely costly.

Explanation:

No further explanation is needed

3 0
4 years ago
A civil engineer who owns his own design/build/operate company purchased a small crane 3 years ago at a cost of $65,000. At that
serg [7]

Answer and Explanation:

The computation is shown below:

a. The value of P is $31,000 i.e. equivalent to the estimated value of the current market value

b. The value of n is 3 years

c, The value of S is $18,000 i.e. equivalent to the estimated value of the market

d. The AOC value is $21,000 per year i.e. equivalent to the M&O cost

4 0
3 years ago
the design of a service system often is used by management to the cost of capacity in relation to the expected cost of customers
ale4655 [162]

The design of a service system often is used by management to Balance the cost of capacity in relation to the expected cost of customers waiting.

<h3>What is expected cost?</h3>

Expected expenses are the estimates of prices that you enter before you receive the item's invoice, such the price of a purchased item. Both inventories and the general ledger can be updated with predicted costs.

This is what the functionality performs, according to Dynamics NAV help: Expected expenses are the calculations you do before you actually receive the invoice for the item, such as the price of a purchase. Both inventories and the G/L can be updated with predicted costs.

The amount of money held in a financial institution, such as a savings or checking account, at any particular time is known as the account balance. The net amount, which includes all debits and credits, is always the account balance.

When a company or other entity invests money to increase operations or production capacity, it incurs a capacity cost. Costs associated with capacity are a fundamental component of conducting business and are particularly important for start-up and expanding businesses that aim for quick expansion.

Hence, The design of a service system often is used by management to Balance the cost of capacity in relation to the expected cost of customers waiting.

To learn more about expected cost refer to:

brainly.com/question/25799822

#SPJ4

6 0
2 years ago
Read 2 more answers
The price of a stock put option is __________ correlated with the stock price and __________ correlated with the strike price. n
Katarina [22]

Answer:

Negatively, positively

Explanation:

A stock put option is a stock/market instrument that allows a stock to be sold, at a certain price and at any time to another buyer.

A strike price is the price that a stock seller decides to sell his stocks after receiving offers.

For the above question, the Stock put option is negative related to the stock price and positively related to the strike price.

This can be translated to simply mean that the price of a stock is not subject to or affected by the stock price but rather by the price that the seller chooses to sell.

Cheers.

3 0
3 years ago
Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows:
viva [34]

Answer:

$81,100

Explanation:

The computation of the net cash flow from operating activities are as follows

Cash flow from operating activities

Adjusted net income $74,900

Add or less adjustments made

Less: Increased in account receivable -$5,600 ($32,400 - $26,800)

Add: Increase in account payable $5,200 ($29,800 - $24,600)

Add: Increase in dividend payable $1,000 ($17,000 - $16,000)

Add: Decrease in inventory $5,600 ($45,400 - $51,000)

Net cash flow provided by operating activities $81,100

5 0
4 years ago
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