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UkoKoshka [18]
3 years ago
12

Which of these inventory changes would be accounted for prospectively? Select one: a. FIFO to LIFO, but not LIFO to FIFO b. LIFO

to FIFO, but not FIFO to LIFO c. Both FIFO to LIFO and LIFO to FIFO d. Neither FIFO to LIFO nor LIFO to FIFO
Business
1 answer:
Basile [38]3 years ago
7 0

Answer: a. FIFO to LIFO, but not LIFO to FIFO

Explanation:

Well the inventory changes which would likely be accounted for is the FIFO ( first in first out system ) to LIFO ( last in first out system ). But not the LIFO ( last in first out )  to FIFO ( first in first out ). This system are mostly used in sales where for FIFO the first goods to arrive leaves first and for LIFO the opposite of FIFO

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Advertising can play a major role in ____________and promoting cultural norms, which has drawn criticism from advocacy groups ar
trapecia [35]

Answer:

C) propagating certain cultural stereotypes

Explanation:

This is true not only for advertising but also for many mass media products. The problem is that sometimes reality is very different than the stereotypes that are portrayed.

One of the most controversial issues is the models' weight. Models tend to be usually much thinner than regular people, and that leads to a misconception that being extremely thin is good and healthy. Besides personal beauty preferences, a girl who is 5 foot 10 and weighs only 100 pounds is not healthy.

Similar issues like portraying certain family or lifestyle stereotypes may also have positive or negative effects on the audience since advertisement reaches millions of people.

3 0
3 years ago
The following transactions were completed by the company. The company completed consulting work for a client and immediately col
Burka [1]

Answer:

See explanation Section

Explanation:

See the image to get the appropriate answer.

7 0
3 years ago
The Economic Development Minister of a country has a list of things she thinks may explain her country's low growth of real GDP
olya-2409 [2.1K]

Answer: Tariffs and quotas

Explanation:

Tariffs and quotas are firms of trade protectionism that are used to control the amount of goods brought into a country. While quotas are taxes on imports, quotas are limitation on the number of goods imported.

Tariffs and quotas will affect economic growth because when there's limitation to the amount of imports, will affect the gross domestic product negatively.

3 0
3 years ago
A machine is available 10 hours a day. Each part takes 90 minutes to fabricate and 10 minutes to setup. 10% of the parts made ar
Kazeer [188]

Answer:

Effectiveness = 0.75

Explanation:

Availability time for a each day = 10 hr = 600 minutes

Total time for fabricating is given as 90 minutes'

Total time to set up one part 10 minutes

Total parts made in each single day 5

Percentage of defective part 10%

Total production time for a single part = setup time  + fabricated time

                                                                 = 10+ 90 = 100 min

Production time for 5 part =5 × 100 = 500 minutes

Total number of defective parts =  10% of 5  =  0.5 parts

Time to replaced defective = 0.5  × 100 = 50 min

Value added time = 500 - 50 = 450 min

Effectiveness  is given as

Effectiveness  = \frac{value\ added\ time}{ total\ time\ taken}

Effectiveness = \frac{450}{600} = 0.75

8 0
3 years ago
Knowledge Check 01 As of December 31, Marr, Inc., has accrued benefits to its employees for medical insurance (in the amount of
Ipatiy [6.2K]

Answer:

Journal Entry to record the employee benefit expense

Dr. Employee Benefits Expense                   $32,000

Cr. Employee Medical Insurance Payable   $12,000

Cr. Employee retirement program payable $20,000

Explanation:

Employee benefits expense is the sum of medical insurance and retirement program expenses. As these payments are accrued and not yet been paid, so these will be classified as liabilities.

Employee Medical Insurance expense = $12,000

Employee retirement expense = $200,000 x 10% = $20,000

Employee benefits expense = Employee Medical Insurance + Employee retirement program

Employee benefits expense = $20,000 + $12,000

Employee benefits expense = $32,000

4 0
3 years ago
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