1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
UkoKoshka [18]
2 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]2 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

You might be interested in
Dean has earned $70,000 annually for the past five years working as an architect for WCC Inc. Under WCC's defined benefit plan (
nadya68 [22]

Answer:

A. $7,350

Explanation:

The computation of the vested benefit is shown below:

= Average salary × given percentage × five years × vesting percentage

= $70,000 × 3.5% × 5 years × 60%

= $7,350

Hence, the correct option is A.

8 0
2 years ago
Her current campaign has a total investment of $25,500, generates 1,500 conversions, and has a CPA of $17. Which plan, built in
Butoxors [25]

Answer:

A

Explanation:

An investment of $40,000 to generate 2,000 conversions and a CPA of $20 will help Molly with her marketing goal to generate more sales than other investment plan

4 0
2 years ago
At the end of the year, a company has a $1,200 debit balance in Manufacturing Overhead. As a result, the company:a.makes an adju
Nonamiya [84]

Answer:

d. makes an adjusting journal entry by debiting Cost of Goods Sold for $1,200 and crediting Manufacturing Overhead for $1,200.

Explanation:

The debit balance of $1,200 in the Manufacturing Overhead account represents under-applied overhead.  To ensure that the Cost of Goods Sold is accurate, the debit balance is debited to the Cost of Goods Sold while the corresponding credit goes to the Manufacturing Overhead account.

5 0
2 years ago
Tiny went back to his office after the meeting and began to crunch the numbers on the rapid inflator. At a price of $10 per unit
Artist 52 [7]

<u>Solution and Explanation:</u>

<u> Part A </u>-   Inflatable divisions's Current Return on Investment = Yearly Earnings / Investment Cost * 100

There the Inflatable Division is Currently Earning $ 250,000 annually from an Asset base of $ 1,250,000

Therefore, ROI = 250000 / 1250000 * 100=20 \%

<u>Part B -   </u>Let the maximum variable cost be X.

Given that - 1. Selling Price per Unit = $10 , 2. No of Units to be produced = 40000 , 3. Annual Fixed Cost = $ 140000

Therefore ,   ROI = Current Earning + New Earning / Current Assets + New Assets

20% = 250000+[(10-\mathrm{X}) * 40000-\underline{140000}] / 1250000+100000

Solve for X getting, X = 6

Therefore maximum variable cost it can incur without change in current ROI is $ 6 per unit  

Resulting Contribution Margin per Unit = SP - VC = $10 minus $6 = $4 per unit

<u> part C -</u>   Minimum Transfer Lightning division Should charge

Given Information - Capacity of Lightning division is 150000 units and Utilized capacity is 135000 units. Therefore Spare capacity is 15000 units .Also Market Price of Product of Lightning division is $ 5 and Variable cost is $3 per unit.

So for the First 15000 units of Requirement of Inflatable division - Transfer Price should be Variable cost i.e $ 3 per unit because Lightning division has spare capacity in this.

For the next 25000 units of requirement of Inflatable division - Transfer Price should be Market Price i.e $ 5 per unit as Lightning division has to reduce is external sale.

Therefore Minimum TP = 15000 * 3+25000 * 5 / 40000=\$ 4.25 per Unit

<u>Part D -  </u>No, Here Tiny offers to transfer $4 ( $6 - $2 ) per unit to Lightning division. However  the minimum TP Lightning should get is 4.25 per unit and if less than this TP is offered by Tiny it will lead to loss in the Lightning Division.

3 0
3 years ago
I sometimes start projectsThat I have difficulty finishing Disagree or agree
Naddik [55]

Answer:

agree lol

Explanation:

8 0
2 years ago
Read 2 more answers
Other questions:
  • If an amount box does not require an entry, leave it blank.
    5·1 answer
  • A company’s prepaid expenses are $15,000 at the beginning of the year and $8,000 at the end of the year. What adjustment to net
    5·2 answers
  • Jack just learned that several people in Arizona became ill from the peanut butter that was produced and jarred in his plant. As
    11·1 answer
  • According to Brooks's article, what was the main effect of entrepreneurship in China?
    15·2 answers
  • LinkedIn targets a specific demographic: working professionals. They tend to be older and better educated. Why might advertisers
    10·1 answer
  • See the production possibility tables for Marketopia and Econlandia below. Marketopia Econlandia Cookies Pies Cookies Pies 0 18
    8·1 answer
  • How does a subsidy provided for a good affect consumers?
    10·1 answer
  • Which type of savings account offers the best interest rates?
    8·1 answer
  • A _____ typically provides information so that an organization can make a decision about a product, procedure, or policy.
    6·1 answer
  • For starbucks, __________ is the main advantage of entering new markets like japan and china via a joint venture.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!