Which inventory method generally results in costs allocated to ending inventory that will approximate their current costs?

1 answer:

4 0

Which inventory method generally results in costs allocated to ending inventory that will approximate their current costs? FIFO. The FIFO inventory method stands for first-in, first-out. This method allows businesses to keep track of their inventory on an old inventory out before the new inventory basis. The first out inventory is recorded as the first items sold even if they aren't exactly the oldest item.

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1. Exhibit 1.1; USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

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2 years ago

In the game of economics, producers get information they need to determine how much people are willing to pay for a good or serv

Ira Lisetskai [31]

Answer:

The correct answer would be option D, Consumers.

In the game of economics, producers get information they need to determine how much people are willing to pay for a good or service from Consumers.

Explanation:

In the game of economics, consumers are the ones who will consume the products produced by the companies/producers, and they are the ones who will determine how much they are wiling to pay for a good or service.

For example, if a product's price is set at 5 dollars but no one is willing to pay 5 dollars for that product, then producers have to lower the prices to meet the customers' demands, and to sell their products.

So in this way, customers determine the prices of the products.

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3 years ago

Read 2 more answers

Sally is planning to sell her company and she prefers to obtain immediate liquidity, and the value of consideration to be fixed.

ella [17]

Answer: A cash sale

Explanation: In simple words, liquidity refers to the ability of an organisation to bear its short term expenses. For that a company must have cash or some assets that can be readily converted into cash in case of need.

Hence Sally should sell her company in cash sale as it will result in inflow of cash which will create liquidity and also the consideration will be certain with short timely payments.

Other option such as IPO or stock for stock might result in increase in value but certainly won't give her liquidity.

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what does it mean when you have demand for a good or service a.you can afford the good but may be unwilling to buy it. b.you wan

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D. You are willing and able to buy the good at the given price

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