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lina2011 [118]
4 years ago
9

Which of the following statements is false regarding an assumption of inventory cost flow?a. The cost flow assumption need not c

orrespond to the actual physical flow of goods.b. The assumption selected may be changed each accounting period.c. The FIFO assumption uses the earliest acquired prices to cost the items sold during a period.d. The LIFO assumption uses the earliest acquired prices to cost the items on hand at the end of an accounting period.
Business
1 answer:
Andrew [12]4 years ago
4 0

Answer: ".b. The assumption selected may be changed each accounting period." IS FALSE regarding an assumption of inventory cost flow.

Explanation: When using an inventory cost flow assumption, we can choose between using the FIFO, LIFO, Weighted Average, or specific identification method, but the method CANNOT be changed in each accounting period.

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3 years ago
Good current economic conditions incent people to save _______, and a good outlook on future economic conditions incent people t
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More; Less

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If there is a good current economic condition, people tend to save more and consume less at the present moment, because they don't know what the future holds (whether good or ugly ). They would have to save for the rainy days.

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4 years ago
Which answer best explains why profit per hour decreases when more than ten beanbags per hour are produced?.
mote1985 [20]

n production, the profit per hour decreases when more than ten beanbags per hour are produced because the marginal cost is greater than marginal revenue.

<h3>What entails the marginal cost and revenue?</h3>

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Hence, as a result of the marginal cost greater than marginal revenue, the profit per hour will decreases when more than ten beanbags per hour are produced.

Read more about marginal cost

<em>brainly.com/question/16615264</em>

4 0
2 years ago
For a typical firm, which of the following sequences is CORRECT? All rates are after taxes, and assume that the firm operates at
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Answer:

The answer is: re > rs > WACC > rd.

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4 0
4 years ago
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