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3 years ago

When changing from the average cost method to FIFO, the company:

Business

1 answer:

Lesechka [4]3 years ago

7 0

Answer: B. Revises comparative financial statements.

Explanation:

When switching from a median Cost method to FIFO method. this sort of switch can always yield a major impact on all financial statements. Any organization which wishes to change would settle on the requirement to scrutinize whether it has to restate its financial data for previous years to reflect the new method or only apply the new method to the present and future years.

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. The organizers of a conference in the Houston Convention Center are evaluating the possibility of setting up a computer area w

Mars2501 [29]

Answer:

They would need to have at least 3 computers

Explanation:

According to the given data we have the following:

Arrival rate = 15 persons per hour

Servicing rate = 60 / 10 = 6 persons per hour with one computer

Servicing rate with x number of computers = 6x per hour

Servicing rate at 90% utilisation = 6x (0.90) = 5.40x per hour

Therefore to service 13 arrivals per hour, we will need x computers = 15/ 5.40 = 2.78

With 2 computers, the service capacity will be 12 per hour and the utilisation will be 15/12 = 125%, which exceeds the organiser’s standard of 90% utilization.

With 3 computers, the service capacity increases to 18 persons per hour. If only 13 persons arrive, the utilisation rate will be 15 / 18 = 83.33%, below the required maximum of 90% utilisation.

Therefore, the 2.78 can be rounded off to next whole number 3 computers

4 0

3 years ago

Read 2 more answers

Learners who prefer listening to music while they learn have a _____ learning style.

ludmilkaskok [199]

Answer:

bodily/kinesthetic

Explanation:

good luck

5 0

3 years ago

Read 2 more answers

The major issues in the __________ stage of team development concern how the tasks and responsibilities will be divided among me

defon

Answer:

3rd stage or Norming stage of group development.

Explanation:

3rd stage or Norming stage of group development.

In this stage responsibilities among group member is divided on the basis of their skills. During this stage members start to cooperate with other co members. A bonding among the members is start to developed which result in understanding each other contribution and identity. The main advantage of this understanding is that conflicts and misunderstanding issues has been resolved at faster rate.

8 0

3 years ago

Which answer applies to "fine print"?

Kay [80]

Answer:

D. All of the Above

hope this helps!

6 0

3 years ago

Park Company reports interest expense of $340,000 and income before interest expense and income taxes of $6,120,000.(1) Compute

algol13

Answer: 1. 18 times

2. Park is in better position

Explanation:

1. Times interest earned is a financial ratio that measures interest coverage. It's essentially to check if a company can pay it's debt payments and is calculated by either EBIT or EBITDA divided by the total interest expense. The higher the better and anything above 2.5 times is usually considered.

Calculating would therefore be,

= $6,120,000 /$340,000

= 18 times.

2. As mentioned in the first answer, for the Times interest earned, the higher it is, the more favourable it is. So Park Company will be considered safer and are most definitely in a better or worse position than its competitor to make interest payments if the economy turns bad. The fact that theirs is 18 means that they can pay off their interest expense 5 times more than their competitor who can only repay 12 times.

If you need any clarification do comment.

7 0

3 years ago