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2 years ago

In a period of rising prices, the inventory method which tends to give the highest reported net income is:

Business

1 answer:

Blizzard [7]2 years ago

7 0

Answer:

b. first-in, first-out.

Explanation:

Generally, there are three methods for estimating the inventory shown below:

1. First-in-first, the company is selling the old products in this way than the new ones, which means first selling the old products and then selling the new ones

2. Weighted average method: Weighted cost is measured by considering the total revenue and total purchase

3. Last-in-first-out: Contrary to the first-in-first-out process, the first sale of new goods, then selling of old goods.

4. Base stock: The process by which the orders of the consumer are fulfilled by holding the less inventory

In the FIFO method, the highest ended inventory results in the lower cost of goods sold at the highest net profits.

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In order to obtain leave under the Family and Medical Leave Act, an employee whose need for a leave is foreseeable must advise t

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Answer:

Explanation:

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If such leaves cannot be anticipated 30 days prior, the employee in such a scenario shall serve the notice for leave as soon as possible i.e the moment the leaves are anticipated. The term associated with above being, "as soon as practicable".

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2 years ago

Which of the following criteria is most descriptive of a private liberal arts college?

Harlamova29_29 [7]

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2 years ago

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Milk is used in the production of cheese. Cheese and tofu are close substitutes in consumption. Milk and oreos are complements i

disa [49]

Milk is used in the production of cheese. Cheese and tofu are close substitutes in consumption. Milk and Oreos are complements in consumption. Suppose that the price of Oreos increases, how does this affect the market for tofu?

The correct answer is decreasing in price will increase the quantity demanded.

<h3>Why does price decrease when demand increases?</h3>

If demand does not change, there is an inverse relationship between the supply of goods and services and the price. As the supply of goods and services increases with the same demand, prices tend to fall to lower equilibrium prices and higher equilibrium quantities of goods and services.

The relationship between price and demand is negative. H. They are inversely proportional. The inverse relationship means that when the price of a product goes up, the demand for that product goes down, and vice versa. This is due to the law of reducing marginal utility.

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2 years ago

Which of the following statements is NOT correct? Select one: a. After a 3-for-1 stock split, a company's price per share should

butalik [34]

Answer:

D is not correct statement.

Explanation:

The statement which is not correct is d. the stockholders are required to pay taxes on dividends even if they are to be reinvested. So this statement is not correct and the rest all statements are correct for example, statement a is correct because when there is stock split then the number of outstanding stock will increase where as price per share will fall because there will be more number of stock for 1 stock. Statement b is also correct because usually when there is stock repurchase it signals company management that the stock is undervalued.

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3 years ago

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If the price elasticity of demand for apples is 1.20 (absolute value), then the demand is _____ and total revenue will ______ if

Ludmilka [50]

Answer:

The correct answer is: price elastic; increase.

Explanation:

The price elasticity of demand for apples is 1.2.

This implies that the demand relatively prices elastic.

Elastic demand means that a proportionate change in the price of apples will cause more than proportionate change in the quantity demanded.

A decrease in the price of apples will cause its quantity demanded to increase by more than proportionate. This will cause total revenue to increase.

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3 years ago