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Mamont248 [21]
3 years ago
15

Accounting procedures allow a business to evaluate their inventory costs based on two methods: LIFO (Last In First Out) or FIFO

(First In First Out). A manufacturer evaluated its finished goods inventory (in $000s) for five products with the LIFO and FIFO methods. To analyze the difference, they computed (FIFO − LIFO) for each product. We would like to determine if the LIFO method results in a lower cost of inventory than the FIFO method.
Product FIFO (F) LIFO (L)
1 225 221
2 119 100
3 100 113
4 212 200
5 248 245
What are the degrees of freedom
Mathematics
1 answer:
ivanzaharov [21]3 years ago
8 0

Answer: The FIFO method result in lower cost of inventory than the LIFO method.

Step-by-step explanation:

In the FIFO method old inventories are used to determine cost of goods sold (COGS), which result to less income because COGS is lesser, while it is greater in LIFO.

However, in LIFO, old and outdated inventories are valued lower than the present price. It not a good indicator of ending inventory value.

B. To calculate the degree of freedom of the inventory sample given: 1. 225221, 2. 119100, 3. 100113, 4. 212200, 5. 248245.

STEP 1. Find the mean or average of the samples.

Let x be the sample average, and N the sample size which is 5

x = 225221 + 119100 + 100113 + 212200 + 248245/5 = 180975.8

STEP 2. Degree of freedom Df is given as Df = N - 1

Remember, N is the sample size given as 5.

Df = 5 - 1 = 4.

CONCLUSION:

This shows that four numbers from the samples given have the freedom to vary as long as the average remains 180975.8.

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The sum of two consecutive natural numbers is 525.<br> Find the numbers.
Luda [366]

Answer:

262 and 263 are consecutive natural numbers whose sum is 525.

Step-by-step explanation:

Natural number are a subset of real numbers consisting in positive integers (i.e. 1, 2, 3, 525) and two natural numbers are consecutive when distance between each other is equal to 1. (|x-y| = 1, \forall\,x,y \in \mathbb{N}) We can interpret the statement mathematically by means of the following expression:

x + y = 525

x = n

y = n+1

Where x, y, n \in \mathbb{N}.

This system is reduced to a single equation and solved afterwards:

n +(n+1) = 525

2\cdot n + 1 = 525

2\cdot n = 524

n = 262

Now we evaluate x and y to obtain the natural numbers:

x = 262

y = 263

262 and 263 are consecutive natural numbers whose sum is 525.

3 0
3 years ago
As cars drive up a ramp at a multi-storey car park they go up 2 meters. the length of the ramp is 10 meters. find the angle betw
daser333 [38]
This is a right angle triangle problem
drawing a vertical line at from the point where the ramp touches the car park leaves a right angle triangle with the
opposite being 2m
hypothenus being 10m
adjacent unknown
we could use sine
SineO equal to opposite over hypothenus
SineO equal to 2/10
SineO equal to 0.2
O equal to Sine^1(0.2)
O equal to 11 .5
The angle between the ramp and the horizontal is 11.5 degrees
7 0
3 years ago
Solve for z 3=(z+1) write your answers as integers or as proper or improper fractions
ch4aika [34]

Answer:

z=2

Step-by-step explanation:

Just solve

1 + z = 3 (minus 1 on both sides)

z = 2

Plug in

3=(2+1)

3 = 3

7 0
3 years ago
Please help me, I don't know how to do this...
Lunna [17]

Answer:

  A.  5

Step-by-step explanation:

The triangle will be a right triangle when the side lengths satisfy the Pythagorean theorem: the sum of the squares of the legs is equal to the square of the hypotenuse.

  (x +1)^2 +x^2 = (√61)^2

  x^2 +2x +1 +x^2 = 61 . . . eliminate parentheses

  2x^2 +2x = 60 . . . . . . .subtract 1, collect terms

  x^2 +x -30 = 0 . . . . . divide by 2, subtract 30

  (x +6)(x -5) = 0 . . . . factor the quadratic

  x = -6 or +5

The solution is x = 5.

_____

Side lengths cannot be negative. Solution values are values of x that make the factors zero. x+6=0 when x=-6, for example.

8 0
2 years ago
The table and the graph show information about students enrolled in spanish and french classes at a high school. use the graph t
Archy [21]

Answer:

after 6 years

Step-by-step explanation:

thats when the lines intersect, (6,300)

5 0
2 years ago
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