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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:

<u>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. </u>

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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Answer:

The correct answer is entrepreneurs are born, not made.

Explanation:

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3 years ago

Which of the following parties is typically the shortest and least expensive? A. A reunion B. A holiday party C. A cocktail part

marysya [2.9K]

The answer is the cocktail party. When you say cocktail party, it is a small party that has a little food or even just drinks. It is only for few hours maybe longest will be 4-6 hours to finish this kind of party. And since it does not include too much money, it is the least expensive.

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3 years ago

Which is an example of the relationship between the arts and

ANEK [815]

The answer is B if that is the correct one

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3 years ago

Read 2 more answers

Blair Madison Co. issues $2.0 million of new stock and pays $291,000 in cash dividends during the year. In addition, the company

artcher [175]

Answer:

$809,000

Explanation:

Bliss madison offers $2,000,000 new stocks

He pays $291,000 in cash dividend

The company took advantage of the falling interest rate to borrow $1,600,000

They paid off bonds with an existing face value of $2,500,000

Therefore the net cash flow can be calculated as follows

= 2,000,000-291,000+1,600,000-2,500,000

= 809,000

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2 years ago

Low volume production has the following implication on the operations of an organisation.’ Choose the correct option:

lesya [120]

Answer:

(i) High unit costs

Explanation:

A low production volume results in high per-unit cost. The per-unit cost is derived by dividing the total cost by the total output. Total cost is a combination of variable costs and fixed costs. While fixed cost remains constant in the period, variable costs change with the production volume.

The fixed cost element is what makes a low volume production have a high per-unit cost. Since fixed costs are constant, a low quantity output means that a few units will share the fixed costs. The result is a high proportion of fixed costs per unit. The high per-unit fixed element cost makes a low volume output expensive compared to when the fixed costs are shared among many units.

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3 years ago