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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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Answer:

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Explanation:

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Since higher interest rates increase the cost of borrowing for everyone in the economy (individuals, businesses), consumption decreases and investment increases. The problem with this is that private consumption represents nearly 70% of the GDP and the money multiplier is responsible for a lot of this.

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Which of the following is included in a standard MLA-style bibliographic entry for an interview conducted by a researcher?
Oksana_A [137]
All of the answers are correct, for the bibliographic entry you need their name, date, and the type of interview conducted. 
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Evan accidentally quoted a customer a price for new flooring that was more than $1,000 less than the actual price. His manager h
igomit [66]

The Manger Has exercised <u>Concurrent Control</u> on Evan by taking the decision to retrain him.

Explanation:

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This type of control is used to monitor those employees who  directly interact with the customers

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4 0
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According to libertarians, the government should redistribute income from rich individuals to poor individuals to achieve a more
devlian [24]

Answer:

b. False

Explanation:

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Saying libertarians wants the government to redistribute income from rich individuals to poor individuals to achieve a more equal distribution of income is a false statement because the libertarians simply cares about the means being just but not concerned about the outcome of a process or event.

3 0
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Answer:

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Explanation:

given data

buy new iClicker 2 from bookstore for $29.99

used iClicker 2 online = 10

to find out

How much does U.S. GDP increase by

solution

we know that GDP is only include value of good and service produce during the certain period of time

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