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Mama L [17]
2 years ago
7

Given the same purchase and sales data, the three major costing methods for inventory will result in three different amounts for

sales revenue.
Assume the cost of inventory is rising.

Required:

A. True

B. False
Business
2 answers:
Hatshy [7]2 years ago
8 0

Answer:

False. The amount for sales revenue doesn't change in three different prices given the purchase and sales data.

Explanation:

Firs in, first out, last in, last out and average cost are the three major costing methods. And even though the cost of goods is directly linked to the product. The price is not defined by it, also the inventory cost is not going to change due to the price of sales. It is defined by external conditions. The final price of a product is defined by offer and demand. So in our case, the three major costing methods won't drive three different amounts of sale revenue if we analyze them with three different methods to calculate it.

sdas [7]2 years ago
4 0

Answer:

The correct answer is False.

Explanation:

This statement is false, because as much as the sales prices, the quantities sold and the income received from sales never change. For this reason it is considered that the cost of goods sold will always be different. It was taken into account that the price of the inventory increased.

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Assume that the required reserve ratio is 25 percent. If the Federal Reserve sells $120 million in government securities to the
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Answer: Option (B) is correct.

Explanation:

Given that,

Reserve ratio = 25%

Fed reserve bank sells (securities) to public = $120 million

When a central bank sells the government securities to the public then as a result money supply in an economy decreases. This is an instrument of monetary policy known as " Open market Operations".

The supply of money is directly decreases by $120 million.

and

Money creating potential of banks = Amount of securities × (\frac{1}{rr} - 1)

                                                          = 120 × (\frac{1}{0.25} - 1)

                                                          = 120 × 3

                                                          = $360 million

Hence, a decrease in money supply could eventually reach a maximum of $360 million.

5 0
3 years ago
Which two actions should you take during an informational interview? a Speak with confidence when the interviewer asks a questio
yawa3891 [41]

Answer:

Two actions that you should take during an informational interview are:

a Speak with confidence when the interviewer asks a question, and be yourself.

d Encourage the interviewer to do most of the talking during the interview.

Explanation:

An informational interview is a conversation you have with someone that works in a field in which you are interested. The goal of this is to get information about the specific job or sector, learn about opportunities and about working for a specific company. For these interviews, you should prepare questions to ask the person, be ready to talk about yourself with confidence and you can let the interview flow and encourage the interviewer to do most of the talking.

7 0
3 years ago
The economy is in long-run equilibrium. Technological change shifts the long-run aggregate supply curve $120 billion to the righ
dolphi86 [110]

Answer:

C. Real GDP would be higher but the price level would be the same

Explanation:

Real gdp would get to be higher as long run aggregate supply goes up. Prices would go down because as long run aggregate supply goes up, aggregate demand does not experience the same proportional increase. As long run aggregate supply goes up, short run aggregate supply falls backwards.

8 0
3 years ago
If your college leadership sought your advice on setting tuition, why would it matter if your college was the only college for m
gizmo_the_mogwai [7]

Answer:

yes, it would matter, because you want to get the best out of it

Explanation:

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3 years ago
If the Fed increases the money supply and as a result, households and firms buy more short-term financial assets, the prices of
Ede4ka [16]

Answer:

rise, fall

Explanation:

Money supply refers to the total value of money in the form of currency and other liquid instruments available in an economy.

It includes cash, coins, and other near money substitutes.

Money supply is measured as it influences various activities taking place all around us in the economy.

A larger money supply leads to <u>fall</u> in interest rates. As a result, the prices of those short-term financial assets will <u>rises.</u> Conversely, smaller money supplies leads to rise in interest rates which in turn leads to fall in prices of the short-term financial assets.

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