Answer:
the entry to report this accounting change is in the attachment.
Explanation:
By moving from LIFO to FIFO, there's is going to be an increase in the value of inventory from of 30,000. That is $380,000 - $350,000.
The answer to this question is to make a journal entry. I have done this in the attachment.
Answer:
Esteem
Explanation:
Esteem, because if you like something you do, you feel proud of what you are doing, and you want to give your best potential to do it.
The opposite of a non convertible currency would be a convertible one
This statement on the laws that firms should obey that incudes labor and consumer protection laws is <u>True</u>.
<h3>What Laws should companies follow?</h3>
- Companies should follow all laws in a nation.
- They should especially follow those that relate to them such as labor and consumer protection laws.
The laws of a nation are for everyone in that nation including companies. Unless a law states that companies can be exempted, they are bound by all laws.
In conclusion, this is true.
Find out more on labor laws at brainly.com/question/19832789.
Answer:
Over the life of the battery, the battery that is most cost-effective is:
The AA alkaline non rechargeable battery.
Explanation:
a) Data and Calculations:
Number of times that NiCad batteries can be recharged (reused) = 100 times
Cost of a 4 pack of AA NiCad rechargeable batteries = $10.80
Recharging cost = $1 ($0.01 * 100)
Total cost of AA NiCad rechargeable batteries = $11.80
Cost per use = $0.12 ($11.80/100)
Cost of a 4 pack of AA alkaline non rechargeable batteries = $3.69
Cost per use of AA alkaline non rechargeable batteries = $0.04 ($3.69/100)
b) The comparison and the resulting conclusions are based on the assumption that the non rechargeable and the rechargeable batteries enjoy equal useful life. Therefore, the AA alkaline non rechargeable batteries are also used 100 times.