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3 years ago

Which method describes the inventory process in which the first items to be

Business

2 answers:

Ira Lisetskai [31]3 years ago

8 0

FIFO

A P E X..................20

spin [16.1K]3 years ago

7 0

Answer:

Last in, Fast out (LIFO)

Explanation:

The Last in, Fast out (LIFO) method is an accounting method used to attach value to inventory. Under the LIFO formula, the assumption is that the last item to be purchased will be sold first. The costs of the final goods to be produced or purchased will be used to expense the first batch of products to be sold.

LIFO is the contrast of FIFO, which stands for first in first out. LIFO, as an inventory accounting technique, is rarely used outside the US. The approach is suitable for large businesses with huge inventories such as car dealers and retailers.

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Lacy just started a gourmet chocolate bar business. She's spent months perfecting the bars from the ingredients to the wrapping.

Veseljchak [2.6K]

Answer

option A

Price

Explanation

Lacy have considered almost all marketing mix strategy except for "Price".

As,

Lacy have started a gourmet chocolate bar and have spent months in perfecting her product, by taste and by its presentation - Product

The place where her Lacy will place her product is a local candy store as well as online - Place

Lacy have planned to give advertisement in a local magazine for marketing - Promotion

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3 years ago

Read 2 more answers

ABG

kondaur [170]

Answer:

i think it is eaither b or c

Explanation:

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2 years ago

Freemont Company's Accounts Receivable decreased by $4,000 and its Inventory decreased by $3,000 during the year. Which of the f

lbvjy [14]

Answer:

a. The change in Accounts Receivable is added to net income; the change in Inventory is added to net income.

Explanation:

Operating activities: It includes those transactions which affect the working capital . The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added to the net income

These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income

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3 years ago

Elmdale Company has a machine that affixes labels to bottles. The machine has a book value of $80,000 and a remaining useful lif

sattari [20]

Answer and Explanation:

The preparation of the analysis is shown below:

Particulars Retained equipment Replace equipment Net income change

Variable cost $1,560,000 $1,230,000 $330,000

($520,000 × 3 years) ($410,000 × 3 years)

New machine cost $300,000 -$300,000

Net change $30,000

So based on the analysis the old machine should be replaced

Therefore we considered all the information given in the question

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3 years ago

The usual starting point for a master budget is: Select one: a. the direct materials purchase budget. b. the budgeted income sta

german

Answer:

the production budget

I think that's the answer

6 0

2 years ago