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3 years ago

A method of allocating merchandise cost that assumes the first merchandise bought was the first merchandise sold is called the

Business

1 answer:

leva [86]3 years ago

7 0

Answer:

First - in - First - Out (FIFO) method

Explanation:

The First - in - First - Out (FIFO) method, assumes that the first goods received by the business will be the first ones to be delivered to the final customer.

It assumes that goods have been used in the order in which they are purchased.

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What is Febuary 14th >?

docker41 [41]

Answer: valentines day.

Explanation: hope this helps

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2 years ago

Read 2 more answers

On January 1, 2008, Pacer Company paid $1,920,000 for 60,000 shares of Lennon Co.’s voting common stock which represents a 45% i

Fittoniya [83]

Answer:

The balance in the Investment in Lennon Co.account found in the financial records of Pacer as of December 31, 2008 was $2,071,500

Explanation:

In order to calcuate the balance in the Investment in Lennon Co.account found in the financial records of Pacer as of December 31, 2008 we would have to calculate the following formula:

Net balance=Investment made+share of net income-dividend

Investment made = $1,920,000

share of net income= $670,000*45%= $301,500

dividend= $2.5*60,000= $150,000

Therefore, Net balance= $1,920,000 + $301,500 - $150,000

Net balance= $2,071,500

The balance in the Investment in Lennon Co.account found in the financial records of Pacer as of December 31, 2008 was $2,071,500

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3 years ago

Please help :) ......

elixir [45]

9. Pruning shears

10.Wheel Barrow

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2 years ago

Oreo cookies are now extremely expensive to purchase. Instead of buying oreo cookies, i now want to buy chips ahoy. What determi

Tema [17]

In economics, the determinant of demand that this scenario fall under , when you go for chips ahoy because Oreo cookies are now extremely expensive is Change in Price of Substitute Good.

What is Substitute Good?

A substitute good can be regarded as product or service that is been used as alternative for other goods.

It should be When the price of a substitute good rise, then demand for the other substitute as well will rise.

This is referred to as <u>positive cross price elasticity.</u>

Learn more about substitute good at:

brainly.com/question/10504938

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2 years ago

Pepe Pieman believes that pizza is a much more versatile meal than most people realize. As the national marketing manager for Pi

solniwko [45]

Answer: entrepreneur; self disciplined

Explanation:

1. Given Pepe's willingness to accept the risks of opening and running Pepe's Pizzazzeria, he is clearly an example of an entrepreneur.

An entrepreneur is one who goes into a business despite knowing that there'll be risk along the way and uses the resources available to achieve his aim.

2. Pepe remains confident and enthusiastic even though his colleagues have poked fun at his ideas. This shows that Pepe is self disciplined. He knows what he wants and won't let any negative comments from anyone affect him.

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3 years ago