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True [87]
3 years ago
11

Tree Seedlings has the following current-year purchases and sales for its only product. The company uses a periodic inventory sy

stem. a. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. b. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. c. Compute the gross margin for each method.

Business
1 answer:
sergij07 [2.7K]3 years ago
8 0

This question is incomplete. The complete question, answer & explanation for this question is given in the attachment below.

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What do you think are the reasons for business failure? Explain your answer.
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Answer:

The most common reasons small businesses fail include a lack of capital or funding, retaining an inadequate management team, a faulty infrastructure or business model, and unsuccessful marketing initiatives.

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A direct cost is a cost that is____________.
Nookie1986 [14]

Answer:

The correct answer is letter "D": Traceable to a single cost object.

Explanation:

Direct Cost for finished goods is referred to the costs of the items and services directly used in production that can be allocated to a single cost object. Other costs including rent and production site insurance are indirect costs. The cost of the finished goods may be assigned to indirect costs, but they are not direct costs because they do not change with production levels.

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Joey's first task as a new employee at a Technology firm is to write a computer program to perform a predictable task. Joey can
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Answer: Option A

       

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3 years ago
While the store of information, skills, and strategies that people have acquired during life holds steady, the ability to deal w
Leya [2.2K]

Answer:

fluid intelligence

Explanation:

Fluid intelligence -

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This capability often reduces with the growing age , as people tends to get older .  

8 0
3 years ago
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) N
Alinara [238K]

Explanation:

The determination of the maturity date and the interest for each notes is as follows

Contract date    Maturity Month Maturity Date   Interest expenses

March 19                  May                         18                           $280

May 11                      August                     9                            $660

October 20             December               4                             $105

For March 19, the interest expense calculation is

= $28000 × 6% × 60 days ÷ 360 days

= $280  

For May 11, the interest expense calculation is

= $33,000 × 8% × 90 days ÷ 360 days

= $660

For October 20, the interest expense calculation is

= $21000 × 4% × 45 days ÷ 360 days

= $105                                                        

5 0
2 years ago
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