Answer:
1. Companies using FIFO will report the highest gross profit and net income.
2. Companies using FIFO will report the smallest cost of goods sold.
3. Weighted average cost of goods sold will be between FIFO and LIFO costs of goods sold.
4. Companies using FIFO will pay higher taxes than companies using LIFO, assuming all else being equal.
Explanation:
If costs are rising, companies using FIFO will report higher profits simply because they calculate cost of goods sold based on the oldest products which were purchased at a lower cost.
FIFO and LIFO costs will be the extreme points, FIFO showing lowest costs while LIFO will result in the highest costs, while the weighted average will be in between.
Since companies using FIFO report higher profits, they will have to pay more taxes.
<span>Game theory is the study of math and
logic behind problems and cooperation. It has logical steps that can be used in
making life choices. In game theory, a dominant strategy of Nash equilibrium
exist. Nash equilibrium is reach when players choose their own dominant strategy
in no unilateral profitable deviation from any other players. In addition, no
players would take action as long as other players remain the same. Therefore,
Nash equilibrium is self-enforcing strategy. </span>
Answer:
Total cost for Operations Department = 92,548
Explanation:
Dual-rate method is a method of allocating costs in which two cost functions are used. Typically, the two functions are a fixed-cost function and a variable-cost function.
First calculate allocation rate for fixed cost for Operations Department
Fixed cost = 60000
Budgeted copies = 310000
Fixed allocation rate = 60000 ÷ 310000
= $ 0.1935483870967742 per copy............eq(2)
Variable cost = $ 0.05 per copy............ eq(1)
Actual usage by Operations department was 380000 copies.
Multiply this amount with allocation rates calculated in eq(1) and e1(2).
Actual fixed cost = 0.1935483870967742 × 380000
= 73548
Actual variable cost = 0.05 × 380000
= 19000
Total cost for Operations Department = 73548 + 19000
= 92,548
Answer:
The answer is D. Acquisitions are sometimes involuntary or even hostile
Explanation:
Out of all the options, the correct one is D. Acquisitions are sometimes involuntary or even hostile.
Hostile acquisition is the type of acquisition when the board of directors of the target company is against takeover of the company while involuntary or voluntary acquisition is the type of acquisition that the board of directors of the target company duly approves the takeover.
Answer:
The answer is: is the total satisfaction derived from the consumption of given quantity of a good.
Explanation:
Utility is the value or satisfaction received form consuming a product or service.
Total utility is the total satisfaction received from consuming a given amount of units of a product or service.
While marginal utility is the satisfaction we receive from consuming an additional unit of a product or service.
