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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 financial statements include an introduction known as the management discussion and analysis. This preface must contain info
Elis [28]

Answer: Analysis of company's performance by the management.

Explanation: In the management discussion and analysis, the upper management of the company analyze and comment on the qualitative and quantitative characteristic of a company. This is seen as a secondary information in the company's yearly financial statement.

The MD and A, is considered valuable by investors as sometimes the management also comments about the upcoming projects of the company in such statements.

3 0
3 years ago
Employees and customers are treated like a family at State Street Coffee House. Jason and Jill, the owners, work to encourage un
qaws [65]

Answer: (D) Clan culture

Explanation:

The clan culture is one of the type of friendly type corporate environment in an organization and it is also known as collaborative culture. Clan culture is one of the element of corporate clan culture model.  

There are many types of advantage of clan culture in an organization are as follows:

  • Clear communication
  • Increase in company productivity
  • Increase in organization growth

According to the question, Jason and the Jill are the owner of the company an they always encourage and also motivate their employees. They also try to increase the job satisfaction among the employees and they try to built the clan culture in the company.

Therefore, Option (D) is correct.

3 0
3 years ago
Using an example, explain the relationship between human resources and business objectives....
marysya [2.9K]

Human Resources are like eyes,mouth,legs and etc. they help us everyday and we need them,without them we wouldn’t be anything and some ppl don’t have them but they work without it. Business objectives is like you doing something that requires objectives like pen,paper,laptop something that will help with business.

4 0
3 years ago
Kim wants to invest in Beta Company’s crowdfunding equity fund. In the current 12-month period, Kim has invested $25,000 in othe
iren [92.7K]

Answer:

$65,000

Explanation:

According to Regulation Crowdfunding, an individual can invest 10% of their annual income across all crowdfunding offerings in a 12-month period.

Kim's annual income = $900,000

Kim's investing limit on crowdfunding offerings = $900,000

Since Kim haad already invested $25,000 in another offering, she can only invest $65,000 in Beta's crowdfunding (= $90,000 - $25,000).

6 0
3 years ago
Juanita receives her paycheck and knows that her gross pay and federal tax are correct. Using the fact that Social Security tax
tensa zangetsu [6.8K]

Answer:

a. The net pay is correct.

Explanation:

Suppose the missing part of the question which is the gross pay and the federal tax is 1020.00 and 107.00 respectively.

Then, Social Security tax 6.2% of the gross pay = \dfrac{6.2}{100}\times 1020

Social Security tax 6.2% of the gross pay  = 0.062 × 1020

Social Security tax 6.2% of the gross pay  = $63.24

the Medicare tax is 1.45% of gross pay = \dfrac{1.45}{100} \times 1020

the Medicare tax is 1.45% of gross pay = 0.0145  × 1020

the Medicare tax is 1.45% of gross pay =  $14.79

the state tax is 19% of federal tax = \dfrac{19}{100} \times 107

the state tax is 19% of federal tax = 0.19 × 107

the state tax is 19% of federal tax = $20.33

Hence, to determine if Juanita's net pay is correct, we have the summation of all our estimated figures minus the gross pay.

i.e

Juanita's net pay = $1020 - $(107 + 63.24 + 14.79 + 20.33)

Juanita's net pay =  $1020 - 205.36

Juanita's net pay =  $814.64

3 0
2 years ago
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