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3 years ago

What first in first out in accounting

1 answer:

4 0

The correct answer is FIFO meaning that the oldest inventory items are recorded as sold first but do not necessarily mean that the exact oldest physical object has been tracked and sold.

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Jack owns and runs a bookstore. He looks after the accounts of the business and also purchases books from publishers. Sometimes

Sunny_sXe [5.5K]

company is the answer

4 0

3 years ago

What are the types of office etiquette?

jenyasd209 [6]

Answer:

The types of office etiquette:

1) Workplace etiquette

2) Table manners and meal etiquette

3) Professionalism

4) Communication etiquette

5) Meetings etiquette

5 0

3 years ago

A company has developed a new cell phone which will be targeted to developing countries. It is estimated that the demand for the

Arturiano [62]

Answer:

Demand forecast.

Demand forecast is the process a business embarks on so that it can predict its future sales and demand of a product.

Explanation:

A demand forecast will assist the company to come up with decisions as regards the number and nature of people they need. The demand forecast will also help to determine the amount of workers they need for staffing a new facility so that it can operate efficiently and at it optimum.

4 0

3 years ago

Read 2 more answers

Taxes on the property buyer Tamara is purchasing are $8,200, due on December 31. If the closing is set for June 29th, using the

Ilia_Sergeevich [38]

Answer:

$4,044

Explanation:

Calculation for how much of the taxes will be credited to the buyer

First step is to divide the annual taxes by the numbers of days in a year

$8,200 / 365 days

= $22.466 per day

Second step

Based on the information given we were told that the Seller's ownership started from January 1- June 29 which gave us 180 days, this means that we would multiply $22.466 per day by 180 days in order to know how much of the taxes will be credited to the buyer

Hence,

Amount credit to the buyer=180 days

x 22.466

Amount credited to buyer= $4,044

Therefore the amount of the taxes that will be credited to the buyer will be $4,044

3 0

3 years ago

The following selected transactions were completed by Capers Company during October of the current year:

Zarrin [17]

Answer:

Date Accounts title and explanations Debit$ Credit$

1-Oct Merchandise inventory 15458

Accounts payable - Sabol imports 15458

3-Oct Merchandise Inventory 9850

Accounts payable- Saxon Co. 9650

Cash account 200

4-Oct Merchandise Inventory 13550

Accounts payable- Schnee Co. 13550

6-Oct Accounts payable -Schnee Co 4350

Merchandise inventory 4350

13-Oct Accounts payable-Saxon Co 9650

Cash account 9457

Merchandise inventory 193

(9650*2%)

14-Oct Accounts payable-Schnee Co 9200

Cash account 9016

Merchandise inventory 184

(9200*2%)

19-Oct Merchandise inventory 27270

Accounts payable - Southmont Co 27270

19-Oct Merchandise inventory 375

Cash account 375

20-Oct Merchandise inventory 21400

Accounts payable -Stevens 21400

30-Oct Accounts payable-Stevens 21400

Cash account 21186

Merchandise inventory 214

(21400*1%)

31-Oct Accounts payable-Sabol imports 15458

Cash account 15458

31-Oct Accounts payable -Southmont Co 27270

Cash account 27270

7 0

3 years ago