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lubasha [3.4K]
3 years ago
12

Two companies report the same cost of goods available for sale but each employs a different inventory costing method. If the pri

ce of goods has increased during the period then the company using:______
a. LIFO will have the highest ending inventory
b. FIFO will have the highest cost of good sold
c. FIFO will have the highest ending inventory
d. LIFO will have the lowest cost of goods sold
Business
1 answer:
Dmitrij [34]3 years ago
4 0

Answer:

c. FIFO will have the highest ending inventory

Explanation:

FIFO means first in, first out. it means it is the first purchased inventory that is the first to be sold.

LIFO means last in first out. it means that it is the last purchased inventory that is the first to be sold.

If FIFO inventory method is used, the first purchased inventory is the first to be sold and price increased during the period, the beginning inventory would be lower and the ending inventory would be higher when compared to a company using LIFO

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The admissions director at big city university proposed using the iq scores of current students as a marketing tool. the univers
Vika [28.1K]

The complete question is as follows:

The admission directory of Big City University has a novel idea. He proposed using the IQ scores of current students as a marketing tool. The university agrees to provide him with enough money to administer IQ tests to 50 students. So the director gives the IQ test to an SRS of 50 of the university’s 5000 freshman. The mean IQ score for the sample is xbar=112. The IQ test he administered is known to have a σ of 15. What is the 95% Confidence Interval about the mean? What can the director say about the mean score of the population of all 5000 freshman?

Answer: The 95% confidence interval about the mean is Confidence interval = 107.84 \leq \mu \leq 116.16.

The director can say that he is 95% confident that the mean IQ score of the 5000 freshmen lies between 107.84 and 116.16.

We follow these steps to arrive at the answer:

Since the population standard deviation of the IQ test is known, we can use the Z scores to find the confidence interval.

The formula for the confidence interval about the mean is:

Confidence interval = \overline{X}\pm Z*\frac{\sigma}{\sqrt{n}}

In the equation above, X bar is known as the point estimate and the second term is known as Margin of Error.

The Critical Value of Z at the 95% confidence level is 1.96.

Substituting the values in the question in the equation above we have,

Confidence interval = \112\pm 1.96*\frac{15}{\sqrt{50}}

Confidence interval = \112\pm 4.157787873}

Confidence interval = 107.8422121 \leq \mu \leq 116.1577879

5 0
3 years ago
Info Tech, Inc. makes complex telecommunications products, such as cellular telephones. Since this company has a distinctive com
prisoha [69]

Answer:

The correct answer is d. innovation.

Explanation:

The innovation strategy implies that Info Tech creates a department that is specifically dedicated to the development of new products in terms of quality, efficiency, price and utility. The cell phone industry usually has very constant changes, and not having this type of professionals can cause that in terms of sales the behavior is not as expected. People are driven by innovative ideas, and putting it into practice largely ensures sustained growth in the market and as a result increased sales against the competition.

5 0
4 years ago
Smith entered an oral agreement hiring and authorizing Jones to sell fraudulent identification cards produced by Smith. Smith an
Marina CMI [18]

Explanation:

We have to note an important point here is that, Smith has plan to sell fraudulent identification card through Jones and he has done only Oral agreement.

An oral agreement does not have a proof. Any oral agreement cannot be taken as a proof legally. There must be a proper written agreement required to prove the relationship. There are certain standard too in written agreement.

For Example, agreement written on a normal white paper cannot be accepted. The agreement should be legally signed according the bond paper provided and authorized by the Government.

Considering all the above discussion, Jones stands right.

3 0
3 years ago
Résumé search programs often search for _____. a. nouns b. verbs c. adjectives d. participles
photoshop1234 [79]

Answer:

Résumé search programs often search for _____.

a.

nouns

b.

verbs

c.

adjectives

d.

participles

Explanation:

the answer is a. noun I took this test

3 0
4 years ago
Pricing objectives that seek profit maximization or to attain a target return on investment are examples of _____ pricing object
Andre45 [30]
Pricing objectives that seek profit maximization or to attain a target return on investment are examples of  profitability pricing objectives, a relationship between the benefits provided by a certain operation or thing and the investment or effort that has been made; when it comes to financial performance; it is usually expressed in percentages.
6 0
4 years ago
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