Answer:
<u>The correct answer is C. US$ 30,000</u>
Explanation:
1. What was the operating income for the period?
Operating income = Net sales - Cost of goods - Operational expenses
Operational expenses on this question are:
- Selling. general, and administrative expenses
- Interest expenses
- Research and development expenses
- Income tax expense
According to the information provided, we have then:
Operating income = 390,000 - 220,000 - 80,000 - 16,000 - 34,000 - 10,000
Operating income = 390,000 - 360,000
Operating income = 30,000
<u>The correct answer is C. US$ 30,000</u>
<u></u>
Answer:
Option D
Explanation:
In simple words, the problem depicted in the given scenario is an example of low knowledge of the target audience. In the given case, the company did everything correct with respect to their procedures, like they made a question are in the local language and distributed to the target audience and collected the survey efficiently.
However while doing the procedure, they were unaware of the fact that their target audience was not literate enough. Hence we can conclude that the correct answer is D.
<span>The transportation service characteristic that refers to the ability of the transportation provider to move freight between a specific origin and a destination is called</span>
accessibility
The given statement is false that stakeholders include those affected by the result of the project, but not those affected by the process of performing the project.
A stakeholder is a party who has an interest in a company and can influence or be influenced by it. A typical corporation's primary stakeholders are its investors, employees, customers, and suppliers. However, as corporate social responsibility has gained prominence, the concept has been expanded to include communities, governments, and trade associations
Stakeholders can be both internal and external to a company. Internal stakeholders are individuals who have a direct interest in a company, such as employees, owners, or investors. External stakeholders are those who do not directly work for a company but are affected in some way by its actions and outcomes. External stakeholders include suppliers, creditors, and public groups.
Learn more about stakeholders here:
brainly.com/question/14514176
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Answer:
A. In a situation where prices are declining, companies using LIFO will report the smallest cost of goods sold.
- This is because LIFO calculates goods sold as Last in, First Out. And since the cost is declining, the last in inventory will have the smallest cost of goods sold.
C. Weighted average cost of goods sold will be between FIFO and LIFO costs of goods sold.
- Whether the cost of goods are rising or falling, this will always be the case.
D. Companies using LIFO will pay higher taxes than companies using FIFO, assuming all else being equal.
- This is because when using LIFO in this scenario, higher profits would be recorded and the tax is paid on profit, thus higher taxes.
F. Companies using LIFO will report the highest ending inventory on their balance sheets (as compared to companies using FIFO or weighted average,)
- This is simply because in this scenario, the LIFO sold the cheaper goods first leaving an ending inventory of the relatively expensive goods unlike FIFO which would have sold the expensive first. Again, emphasis on this scenario of declining cost.
