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3 years ago

At one time there were many farm cooperatives, but more recently other forms of business ownership have replaced them. True

Business

1 answer:

Vlad [161]3 years ago

8 0

Answer:

The statement is: False.

Explanation:

Farm cooperatives in the United States represent an increasing industry. It is a fact that the number of farm cooperatives has declined but their size has expanded. The main activities have taken place in states such as Washington, Minnesota, and North Dakota because they are surrounded by countries easier for cooperatives to introduce their crops.

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Eaton Electronics uses a periodic inventory system.

aev [14]

The cost of ending inventory of Eaton Electronics on June 30 is $13,600.

<h3>What is the LIFO method?</h3>

The LIFO method values the cost of goods sold based on the assumption that goods sold are from the latest stock.

For example, using LIFO, Easton would have the two TVs sold based on the cost of the May Purchases instead of specific identification.

<h3>Data and Calculations:</h3>

Beginning inventory (2 x $1,500) = $3,000

April Purchases (4 x $1,450) = $5,800

May Purchases (5 x $1,600)= $8,000

Cost of goods available for sale = $16,800

Cost of goods sold (2 x $1,600) = $3,200

Ending inventory = $13,600 ($16,800 - $3,200)

Thus, the cost of ending inventory is $13,600.

Learn more about the LIFO method at brainly.com/question/10026597

#SPJ1

6 0

2 years ago

Next year, Celebrity wishes to increase the unit selling price to $110. Shipping will change to 2.5% of sales. Cost of goods sol

RSB [31]

Answer:

net income increased by $1,537.50

Explanation:

Obviously, the original income statement is missing, so I looked for a similar question:

sales revenue $16,500

COGS <u>($9,300)</u>

Gross profit $7,200

Operating exp.:

Administrative $950
Depreciation $1,300
Shipping $412.50 <u>($2,662.50)</u>

Net income $4,537.50

net income increased by $4,537.50 - $3,000 = $1,537.50

8 0

3 years ago

Imagine that you are serving as the general manager of a hotel. What three aspects do you think would be most important to the s

Strike441 [17]

Answer:

1. Create and give innovative experience.

2. Brand and reputation operation

3. Improvement in workers general welfare

Explanation:

As a manager in an hotel, I would Improve the facets of the hotel by

1. Create and give innovative experience. As a manager, I would ensure the hotel create and delivers top notch service considering there are competition in the hospitality industry.

2. Brand and reputation operation. When customers receives a world class experience, reputation is being created here. I would then sustain this reputation by making it a brand upon which the hotel will be identified with subsequently.

3. Improvement in workers general welfare. This is very critical to the success of the hotel. Once workers are well paid , it would spur them to work and align with the vision I have for the hotel.

8 0

2 years ago

A sometimes short, sometimes extended period of declining output and living standards is referred to as a recession.

satela [25.4K]

I think its A) True.

8 0

3 years ago

A method of estimating the amount of bad debt expense whereby management establishes a percentage relationship between the amoun

Flauer [41]

Answer: provisions

Explanation: According to ias 37

5 0

3 years ago