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3 years ago

The LIFO inventory method assumes that the cost of the latest units purchased are:

Business

1 answer:

Scilla [17]3 years ago

4 0

Answer:

The correct answer is C.

Explanation:

Giving the following information:

The LIFO inventory method assumes that the cost of the latest units purchased are:

Under the Last-in, First-out method the first units on inventory are the ones left to ending inventory. On the contrary, the last units are the first ones to go to the cost of goods sold.

a. the last to be allocated to the cost of goods sold. False, this is under the FIFO method.

b. the first to be allocated to ending inventory. False, this is under the FIFO method.

c. the first to be allocated to the cost of goods sold. True.

d. not allocated to cost of goods sold or ending inventory. False, they are allocated to cost of goods sold.

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You're trying to determine whether to expand your business by building a new manufacturing plant. The plant has an installation

ladessa [460]

Answer:

14.48%

Explanation:

The ARR is the quotient between the average income of a project over his investment cost.

The income will consider depreication and taxes.

We are given with the net income so, we should assueme are already included.

Frist step, calculate average net income.

$ 1,864,300,

+ $ 1,917 ,600

+ $ 1,886,000

+ $ 1,339,500

$ 7,007,400 Total return

Now we divide by 4 because there is a total of 4 years

$ 7,007,400 / 4 = $ 1,751,850 Average income

Now we calculate the ARR

average net income/ investment

1,751,850 / 12,100,000 = 0.144780992 = 14.48%

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2 years ago

Peavey enterprises purchased a depreciable asset for $28,500 on april 1, year 1. the asset will be depreciated using the straigh

ddd [48]

Answer is $17,325. Since the salvage value of the asset after its four years of useful life is $3,300 while its current purchase value is $28,500; we need to depreciate the difference over 4 years. That us $25,200 to be depreciated over 4 years using a straight line method. At December 31 of year 3, the asset will be 2.75 years old(2 years, 9 months). Hence the accumulated depreciation is $25,500*(2.75/4). This is $17,325.

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2 years ago

When will the Social Security fund dry up at its current level?

gulaghasi [49]

2042 will be the year the fund drys up, based on its current level.

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3 years ago

The main goal of auditing internal control is Group of answer choices To allow the auditor to fix any internal control deficienc

mafiozo [28]

Answer:

To evaluate the effectiveness of controls over all relevant financial statement disclosures in the financial statements.

Explanation:

In Accounting, an internal control is a mechanism, procedure, rule or policy designed by management to secure assets, promote efficiency, ensure accountability and prevent fraudulent behavior in an organization.

The main goal of auditing internal control is to evaluate the effectiveness of controls over all relevant financial statement disclosures in the financial statements.

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3 years ago

Which of the following is an incorrect way to avoid struck-by rolling hazards?

finlep [7]

The answer is: A.Position a worker to signal you when operating a vehicle in reverse gear without audible forward alarm

When operating vehicle in reverse gear, the operator cannot always see whether the worker who gives the signal able to see the moving vehicles or not.

Which is why an audible sound for moving vehicles is needed so the other workers could notify the location of your vehicles and avoid themselves from being crushed.

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3 years ago

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