Answer:
Milque Corp.
FIFO will provide the highest net income when the price of inventory is increasing.
Explanation:
The Generally Accepted Accounting Principles recognize four main methods to compute Cost of Goods Sold and Ending Inventory for a period. They are:
First In, First Out (FIFO): This is based on the assumption that companies sell first the inventory that they bought first.
Last In, First Out (LIFO): This method assumes that companies sell first the inventory that they bought last.
Weighted Average Cost (WAC): This inventory method assumes that companies average the costs of inventory and how much they sell over the period by dividing the cost of goods available for sale by the total physical inventory units.
Specific Identification: This method does not make any assumptions. It directly identifies the product being sold and prepares costing calculations based on the specific inventory items.
Answer:
the Swiss Chalet had higher occupancy than its competitive set in 2019
Answer:
The nominal rate of return on these bonds is 5%
Explanation:
The Formula for the Real Rate of Return is
Real rate of return =Nominal interest rate - Inflation rate
So,
Nominal interest rate=Real rate of return+Inflation rate
Nominal interest rate=3%+2%
Nominal interest rate=5%
Answer:
C) formed a valid contract because Rachel's outward expressions showed the formation of a contract.
Explanation:
A valid contract is a binding and enforceable agreement, where all parties are legally bound to perform the contract.
Probably the most important part of a contract is the existence of an offer and acceptance. Once a valid offer is accepted, it binds the parties into a valid contract.
In this case, Rachel accepted Julius´s offer to buy her boat, so an offer and acceptance exists.
