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yarga [219]
2 years ago
12

When sales exceed production and the company uses the LIFO inventory flow assumption, the net operating income reported under va

riable costing generally will be:
Business
1 answer:
lana [24]2 years ago
4 0

Answer:

Explanation:

LIFO which means “Last-In, First-Out”

can be regarded as method which is used in case of cost flow assumption purposes during the calculations of cost of goods sold . LIFO method can be used when placing accounting value on inventory. LIFO method works with the assumption that last item of particular inventory that was purchased is the first one that is sold

It should be noted that When sales exceed production and the company uses the LIFO inventory flow assumption, the net operating income reported under variable costing generally will be greater than net operating income reported under variable costing.

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The point that each glass of lemonade consumed on a hot day brings lower and lower levels of satisfaction is known as the princi
givi [52]

Answer:

decreasing marginal benefit.

Explanation:

A consumer measures the amount of satisfaction gained by consuming a product in making a buying decision.

When a person comes a product his satisfaction increases up to a point, and from that point as consumption increases the satisfaction derived reduces.

Consumption after this point is known as decreasing marginal benefit to the customer.

This affects the customer's willingness to buy more of this product. Patronage of lemonade will reduce as the customer looks for another product to satisfy his needs.

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3 years ago
Who bought the treasure island hotel and casino from the Wynn corporation?
IgorLugansk [536]
Phil Ruffin bought treasure island
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3 years ago
What is a cash book used for?​
Alinara [238K]

Answer:

to keep track of all business transactions in case of an audit

8 0
2 years ago
Read 2 more answers
on september 1, best company began a contract to provide services to dilwood company for 6 months, with the total of $10800 paym
Lelu [443]

Answer:

Fee Receivable$7,200

             To Service Fees Earned $7,200

(Being the service fess earned is recorded)

Explanation:

Th adjusting entry is shown below:

Fee Receivable$7,200

             To Service Fees Earned $7,200

(Being the service fess earned is recorded)

For recording this we debited the fees receivable as it increased the assets and credited the services fees earned as it increase the revenues

Since the payment is made for 6 months but we have to recorded for 4 months i.e computed from September 1 to December 31

= $10,800 × 4 months ÷ 6 months

= $7,200

7 0
3 years ago
A publicist's compensation package includes the total cost of a $180-per-
natima [27]

Answer:

D. $44,580

Explanation:

Here we want to find the yearly value of the compensation package.

To order to do so, we have to add the various terms. We have:

t_1=\$42,000 salary per year

Then we have the total cost of a $180-per- month health insurance plan; since there are 12 months in a year, it is

t_2=12\cdot \$180 =\$2160 per year

Then we have the total cost of a $35-per-month life insurance, so the yearly cost is

t_3=12\cdot \$35 =\$420

Therefore, the total compensation package is

T=t_1+t_2+t_3=42000+2160+420=\$44,580

So, option D.

7 0
3 years ago
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