Answer:
D) ownership advantages
Explanation:
Based on the scenario being described it can be said that the executives are most likely worried that Coffman lacks ownership advantage. This term refers the competitive advantage that exists for a company that is attempting to enter a foreign market. Such as Coffman Enterprises is trying to do, but since they are concerned about the fierce competition, then they are stating that Coffman may not have a competitive advantage in that market to deal with the existing competitors.
Answer:
<u>FIFO</u>
total ending inventory 11,080
COGS 10,200
<u>LIFO</u>
ENDING 10,200
COGS 9,480
For taxes reasons it would be better to use FIFO as the COGS is higher then, less income taxes
The higher net income will be with the method of lower COGS which is LIFO
Explanation:
beginning 100 at 78
40 at 80
60 at 82
40 at 94
<em>FIFO </em>
the ending inventory will be the last units: as the first are being sold
40 at 94
60 at 82
30 at 80
<u>total ending inventory 11,080</u>
<u>COGS</u>
100 at 78 and 10 at 80 = 10,200
<em>LIFO</em>
here the ending inveotry are the first unit while the COGS the last:
ending
100 at 78
30 at 80
ENDING 10,200
<u>COGS</u>
40 at 94
60 at 82
10 at 80
total 9,480
I believe there are several key characteristics, my favorite is leadership and it's integrity.
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Uptown Athletic had an inventory of $400,000. During the year, the company purchased goods costing $1,500,000. If Uptown Athletic reported ending inventory of $500,000 and sales of $2,000,000.
Cost of goods sold= beginning inventory + purchase - ending inventory
COGS= 400,000 + 1,500,000 - 500,000= 1,400,000
Sales= 2,000,000
COGS= 1,400,000
Gross profit= 600,000 30%
Answer:
A) Valuable assets such as the company's reputation, the quality of its work force, and the strength of its management are not captured on the balance sheet.
Explanation:
As we know that the balance sheet records the assets, liabilities and the equity of the company. Now the main problem with the balance sheet is that the valuable assets such as reputation of the company, work force quality, management strength would not captured here as it only records the monetary transactions.
Therefore the correct option is a.
