FIFO method :
Amount of Net Ducome GA per F1 Fo
Net Income (After Tan) $2144 mule
Add Income Tan Changed
(2144 X 100/70) X 30%. 76 $918.857 rude
$3062.857 nis
Add Closing Inventory Incrare as bei FIFO 293
Lesso Open Deventory Ducres asper FIFO (290 nulls)
Income before Taxes 3065.857 null
Income Taxes 30 y. (919.757 null)
Net Income 2146. to Pullen
FIFO ("first in, first out") is based on these production costs, assuming that the oldest products in a company's inventory are sold first. The LIFO (last in, first out) method assumes that the newest product in the company's inventory was sold first, and uses that cost instead.
FIFO (First In, First Out) Inventory Management evaluates inventory to reduce the likelihood of business losses when products are phased out or discontinued. LIFO (last in, first out) inventory management is suitable for non-perishable goods and uses the current price to calculate the cost of goods sold.
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Answer:
False
Explanation:
Interest Bearing Account is an account which generates interest income over a specified period of time. Certificate of Deposit is an example for the interest bearing account. So, simply saying that An interest-bearing account is an account that generates interest income on the available balance in the account is wrong.
As the price of ice cream increases, so the demand by consumers may decrease, decreasing the quantity of ice cream cones demanded (provided that all consumers eat ice cream with a cone!)
Answer:
$217,000
Explanation:
Begining Purchases Ending
Raw Materials $ 36,000 $ 69,000 $ 24.000
Work in Process $ 23,000 $ 17,000 $ 6.000
Finished Goods $ 37,000 $ 55,000 -$ 18.000
Direct Lab Costs $ 94,000 $ 94,000
Manuf Overhead $ 54,000 $ 54,000
Total
Raw Materials $ 81.000
Work in Process $ 6.000
Finished Goods -$ 18.000
Direct Labor Costs $ 94.000
Manufacturing Overhead $ 54.000
Costo of Goods Manufactured $ 217.000
Answer:
<u>multifactor authentication</u>
Explanation:
<u>Multifactor authentication:</u> The term "multifactor authentication" is described as an "electronic authentication method" whereby a computer user is able to grant access to a specific application or website only after he or she has successfully completed or presented two or more than two shreds of evidence to any authentication mechanism, for example, inherence, knowledge, and possession, etc.
<u>In the question above, the given statement represents "multifactor authentication".</u>
