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3 years ago

Inventory costing methods place primary reliance on assumptions about the flow of:a. goodsb. costsc. resale pricesd. values

Business

2 answers:

Mrac [35]3 years ago

4 0

Answer: B costs

Explanation:

In business and accounting, cost is the monetary value that has been spent by a company in order to produce something.

Cost accounting aids in decision-making processes by allowing a company to calculate, evaluate, and monitor its costs.

Nana76 [90]3 years ago

3 0

Answer:

The correct answer is letter "B": costs.

Explanation:

Inventory costing methods are approaches used by companies to collect, analyze, summarize, and evaluate the flow of inventory costs. The activity of the firm could determine what type of costing method will be implemented. We can identify four (4) costing methods: Specific Identification; First-In, First-Out (FIFO); Last-In, First-Out (LIFO); and Weighted-Average.

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On December 30, 2019, Whitney sold a piece of property for $85,000. Her basis in the property was $40,000, and she incurred $1,2

vlabodo [156]

Answer:

Under the installment sales method, the total contract price is $85,000

gain on the sale is $58,800 ( 85,000 + 15,000 - 40,000 - 1,200)

and the amount of gain reported in 2018 is $3,459.

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4 years ago

The balance sheet of Cattleman's Steakhouse shows assets of $86,700 and liabilities of $15,200. The fair value of the assets is

Allisa [31]

Answer:

Longhorn Goodwill=$7920

Longhorn should record goodwill on this purchase of $7920.

Explanation:

Longhorn Goodwill=Price Paid to Acquire - Total fair Assets

Total Fair Assets=Fair Value of Assets-Fair Value if Liabilities

Total Fair Assets= $89,900-$15,200

Total Fair Assets= $74,700

Longhorn Goodwill=Price Paid to Acquire - Total fair Assets

Longhorn Goodwill=$82,620-$74,700

Longhorn Goodwill=$7920

Longhorn should record goodwill on this purchase of $7920.

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3 years ago

Question 13 Pina Colada Corp. has the following inventory data: July 1 Beginning inventory 108 units at $19 $2052 7 Purchases 37

schepotkina [342]

Answer:

Endign inventory cost= $3,708

Explanation:

Giving the following information:

Purchases 378 units at $20

Purchases 54 units at $22

Under the FIFO (first-in, first-out) method, the ending inventory is calculated using the cost of the lasts units incorporated into inventory:

Ending inventory in units= 180

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Endign inventory cost= $3,708

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3 years ago

If a nation exports much of its output but imports little, will it be better or worse off?

Anna007 [38]

I think it woul be better off. Exporting goods makes more money that importing them because you are making goods to be sold in other countries. Importing goods from other countries generally means people have to spend more due to shipping and handling.

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3 years ago

Suppose that on any given day the prevailing equilibrium federal funds rate is below the Federal Reserve's federal funds target

alex41 [277]

The statement which states that If the Federal Reserve's wishes for the federal funds rate to be permanently at the target level, then the appropriate policy for the Federal Reserve is to take a defensive open market purchase, is TRUE.

Based on the given question, we can see that an open market operation refers to the way the federal government makes the federal funds rate to change buy making the loans more easily obtainable.

With this in mind, if they wish for the federal funds rate to be permanently at the target level, then they would have to take a defensive position by increasing the reserves through buying of securities so that economic activity would be stabilised.

Read more about open market operations here:

brainly.com/question/14256204

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3 years ago