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Reil [10]
3 years ago
7

Blake Company purchased two identical inventory items. The item purchased first cost $17.00, and the item purchased second cost

$18.00. Blake sold one of the items for $30.00. Which of the following statements is true? Ending inventory will be lower if Blake uses the weighted-average rather than the FIFO inventory cost flow method. Cost of goods sold will be higher if Blake uses the FIFO rather than the weighted-average inventory cost flow method. Gross margin will be higher if Blake uses LIFO rather than the FIFO inventory cost flow method. The dollar amount assigned to ending inventory will be the same no matter which inventory cost flow method is used.
Business
1 answer:
BaLLatris [955]3 years ago
7 0

Answer:

Ending inventory will be lower if Blake uses the weighted-average rather than the FIFO inventory cost flow method.

Explanation:

Ending inventory will be lower if Blake uses the weighted-average rather than the FIFO inventory cost flow method.

True as under weighted average:

(17 + 18) / 2 = 17.50

the ending inventory will be one unit valued at $17.50

while under FIFO the 17 dollar unit was sold and declare cost

while the second is keep under ending invenotry at $18.00

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The Two Sisters has a return on assets of 9 percent and a dividend payout ratio of 75 percent. What is the internal growth rate
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The internal growth rate of a firm is best described as the: A. minimum growth rate achievable assuming a 100 percent retention ratio. B. minimum. The tax rate and the dividend payout ratio will be held constant. Current and. The Two Sisters has a 9 percent return on assets and a 75 percent retention ratio.

hope this helps.

7 0
3 years ago
In the game of economics, producers get information they need to determine how much people are willing to pay for a good or serv
Ira Lisetskai [31]

Answer:

The correct answer would be option D, Consumers.

In the game of economics, producers get information they need to determine how much people are willing to pay for a good or service from Consumers.

Explanation:

In the game of economics, consumers are the ones who will consume the products produced by the companies/producers, and they are the ones who will determine how much they are wiling to pay for a good or service.

For example, if a product's price is set at 5 dollars but no one is willing to pay 5 dollars for that product, then producers have to lower the prices to meet the customers' demands, and to sell their products.

So in this way, customers determine the prices of the products.

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8 0
3 years ago
Read 2 more answers
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nasty-shy [4]

Answer: $27,864

Explanation:

The amount that should be recorded as other comprehensive income is the fair value less the sales price and the amortized premiums to reflect the true value of the investment,

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= $27,864

$27,864 is the amount Crane Company should report as other comprehensive income and as a separate component of stockholders’ equity.

6 0
3 years ago
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Answer:

Fore cadet for fourth quarter us $1085

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5 1010

6 1220

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Forecast for the fourth quarter is 1085

7 0
3 years ago
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katrin [286]

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This refers to the inalienable rights which a property owner has as to how he chooses to rent, lease, let or sell his property or live there.

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6 0
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