Answer:
If LIFO inventory at the end of 2016 would have been $80,000 higher using FIFO, it means that when using FIFO the cost of goods sold would have been 80,000 lower.
Which would mean that the reproted retained earnings would have been 1,750,000+ 80,000=1,830,000
Debit Credit
Inventory 80,000
Costs of good sold 80,000
Explanation:
Answer:
d.cost of wages of assembly worker
Explanation:
The following are not related to cost of producing the cell phone because
a.salary of plant supervisor: Overall supervisors are accountable of various product of the organisation for example the plant might have five outputs with the cell phone being one of them therefore his/her labor costs are not related to a certain product.
b.cost of phone components : Direct labor is related to cost of paying workers in an organisation therefore cost of phone components doesn't have anything to do with people.
c.cost of oil lubricants for factory machinery : explanation is the same as in b
d.cost of wages of assembly worker : the worker the directly linked to the production of the product thus his/her wages are a direct labor cost to the manufacturer.
Option D
If a startup pioneers an industry or a new concept within an industry, the name recognition the startup establishes may create a formidable nontraditional barrier to entry referred to as a(n): first-mover advantage
<u>Explanation:</u>
The first-mover advantage commits to a benefit obtained by a company that prime proposes a commodity or service to the business. The first-mover advantage enables a company to build powerful brand recognition and product/service reliability ere other competitors.
First movers in an industry are nearly constantly supplanted by opponents that strive to gain on the first mover's success and grow market share. The limitations of first movers cover the chance of products being duplicated or enhanced upon by the opposition.
Answer:
The benefits of teamwork include increased efficiency, the ability to focus different minds on the same problem and mutual support.
