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
Alik [6]
3 years ago
14

The FIFO method provides a major advantage over the weighted-average method in that: A. the calculation of equivalent units is l

ess complex under the FIFO method. B. the FIFO method treats units in the beginning inventory as if they were started and completed during the current period. C. the FIFO method separates the work done during the current period to provide measurements of work done during the current period. D. the FIFO method considers units in the work done in the ending work-in-process inventories. E. the FIFO method more correctly computes the equivalent units of direct materials when they are added at the beginning of the production process.
Business
1 answer:
Scrat [10]3 years ago
3 0

Answer:

C. the FIFO method separates the work done during the current period to provide measurements of work done during the current period.

Explanation:

When you are calculating production costs and equivalent units, FIFO method only focuses on the goods produced during the accounting period and basically doesn't consider previous costs associated to beginning inventory. On the other hand, the weighted average method includes both current costs and costs associated to beginning WIP.

You might be interested in
What is a multinational company
Dahasolnce [82]
A company that exists on different locations around the world I think.
5 0
3 years ago
A direct participation program shows the following operation results: Revenues: $3 million Operating expense: $1 million Interes
stiks02 [169]

Answer:

The cash flow from program operation is $1,600,000.

Explanation:

Prepare the Cash Flow from Operating Activities Section to determine the cash flow from program operation.

<u>Cash Flow from Operating Activities</u>

Revenue                                                     $3,000,000

Less Expenses :

Operating Expenses           $1,000,000

Interest expense                   $200,000

Management fees                 $200,000

Depreciation                       $3,000,000  ($4,400,000)

Operating Profit / (Loss)                            ($1,400,000)

Add Back Depreciation                             $3,000,000

Operating Cash flow                                  $1,600,000

3 0
3 years ago
The types of resources needed by a business are financial, physical, and labor resources.
sukhopar [10]

Answer:

a. True

Explanation:

The above is true because financial resources are needed to enable a business meet up with its daily activities in terms of funding. Also, physical resources are buildings, machineries and assets in general which are required to carry a business daily operations. The labor resources, which is the most important resources are the workforce that carry out the day to day operations of a business.

8 0
3 years ago
The cost of meeting SEC and possibly additional state reporting requirements regarding disclosure of financial information, the
Rama09 [41]

Answer:

True.

Explanation:

Danger of losing control, and the possibility of an inactive market and an attendant low stock price are potential disadvantages of going public.

Companies that seeks to sell its stock on different stock markets or other major public exchanges must meet and maintain numerous listing requirements. Failure to comply with these mandates on an ongoing basis could cause the stock to become delisted from the exchange. The chief purpose of these requirements is to increase market transparency in an effort to foster investor confidence.

8 0
3 years ago
Read 2 more answers
Carol and Dave each purchase 100 shares of stock of Burgundy, Inc., a publicly owned corporation, in July for $10,000 each. Caro
Illusion [34]

Answer:

b. They are treated differently because the loss in value of Carol's stock is the result of a sale, while the loss in value of Dave's stock is simply a decline in value.

Explanation:

Although the stock owned by Carol and by Dave declines in value by $2,000, however Carol only has a realized and recognized loss of $2,000. The main factor in determining whether a disposition has taken place often whether an identifiable event has occurred. In the current scenario, Carol’s stock sale qualifies as a disposition and the Dave’s stock value decline does not qualify as a disposition and is simply a decline in value.

6 0
3 years ago
Other questions:
  • Worker Corporation allocates its single support department to its operating departments based on the single rate method using ma
    15·1 answer
  • Accrual accounting: A. results in the balance sheet showing the fair value of the entity's assets. B. is designed to match reven
    7·1 answer
  • The nurse educator asks a student to list the 5 main categories of complementary and alternative medicine (CAM), developed by th
    15·1 answer
  • When a student enters college, tuition is the
    5·2 answers
  • Fresh Veggies, Inc. (FVI), purchases land and a warehouse for $520,000. In addition to the purchase price, FVI makes the followi
    13·2 answers
  • A university conducts a survey of students, which shows that a 10 percent tuition hike would lead to a 7 percent decrease in the
    10·1 answer
  • Better Corp. (BC) began operations on January 1, Year 1. During Year 1, BC experienced the following accounting events: 1. Acqui
    5·1 answer
  • Question 2 (2 points)
    8·2 answers
  • You need to add 65 meq of an electrolyte to a tpn bag. your stock vial contains 8 meq/ml. round to the nearest whole number, to
    9·1 answer
  • we are evaluating a project that costs $848,000, has an eight-year life, and has no salvage value. assume that depreciation is s
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!