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GalinKa [24]
4 years ago
8

In a period of rising prices, the inventory method that produces the lowest ending inventory is the:

Business
1 answer:
Dmitry [639]4 years ago
8 0

Answer:

LIFO Periodic method

Explanation:

The LIFO means Last In First Out this means that item that have been stocked today would be sold first although there’s still some inventory from previous periods.

Using LIFO would result in lower ending inventory because closing inventory would be valued at low price which they had been bought assuming that there’s now a hick in price and goods in the warehouse were stocked when prices were low.

LIFO is used for the manipulation of profit.

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Which of the following prevents soil degradation?
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1 crop rotation maintains soil fertility because crops use up different nutrients

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Read 2 more answers
On july 1, shady creek resort borrowed $280,000 cash by signing a 10-year, 9.5% installment note requiring equal payments each j
Diano4ka-milaya [45]

Answer:

$26,600

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the total amount of interest expense included in the first annual principal (or any annual payment actually) = principal's balance x yearly interest rate

$280,000 x 9.5% = $26,600

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3 0
3 years ago
Which of the following statements is TRUE? Group of answer choices Dependent demand is directly related to the demand of other s
liubo4ka [24]

Answer:

A). Dependent demand is directly related to the demand of other stock-keeping units (SKUs) and can be calculated without needing to be forecasted.

Explanation:

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