Answer:
1. Companies using FIFO will report the highest gross profit and net income.
2. Companies using FIFO will report the smallest cost of goods sold.
3. Weighted average cost of goods sold will be between FIFO and LIFO costs of goods sold.
4. Companies using FIFO will pay higher taxes than companies using LIFO, assuming all else being equal.
Explanation:
If costs are rising, companies using FIFO will report higher profits simply because they calculate cost of goods sold based on the oldest products which were purchased at a lower cost.
FIFO and LIFO costs will be the extreme points, FIFO showing lowest costs while LIFO will result in the highest costs, while the weighted average will be in between.
Since companies using FIFO report higher profits, they will have to pay more taxes.
Answer:
The correct answer is Preannounce forthcoming efforts
Explanation:
A company that wants to enter a new market usually must have its entire operation ready to be able to carry it out in the short term, and if it does not have it, it must inform by means of a strategy that allows generating a marked market interest in knowing the new product to be offered. This will give them time to put the internal aspects in order and be able to produce within a set time.
Answer:
d. 111
Explanation:
Calculation to determine which of the following is the resulting year 2018 forecast value
Using this formula
2018 Forecast value = Ft= Ft - 1+ (At - 1- Ft - 1)
Let plug in the formula
2018 Forecast value = 110 + 0.1 (120 - 110)
2018 Forecast value=110+0.1(10)
2018 Forecast value=110+1
2018 Forecast value= 111
Therefore the resulting year 2018 forecast value
will be 111
