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3 years ago

The selected inventory costing method impacts:________

Business

1 answer:

Alisiya [41]3 years ago

4 0

Answer:

The correct option is a) Gross profit and ending inventory.

Explanation:

The inventory technique is a method of accounting for calculating the value of an inventory. The approach calculates the ending inventory balance by comparing the inventory cost to the merchandise price.

There are three methods for valuing inventory whic are FIFO (First In, First Out), LIFO (Last In, First Out), and WAC (Weighted Average Cost) (Weighted Average Cost). The gross profit and ending inventory are affected differently by each of these costing methods.

This implies that the selected inventory costing method impacts gross profit and ending inventory.

Therefore, the correct option is a) Gross profit and ending inventory.

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MachineTools.com sells grinders, boring mills, and engine lathes. Its Web site lists goods from over 700 machinery manufacturers

frosja888 [35]

The answer is b because yes

4 0

3 years ago

Fabri Corporation is considering eliminating a department that has an annual contribution margin of $24,000 and $76,000 in annua

Umnica [9.8K]

Answer:

Net Contribution of the Department $

Contribution margin 24,000

Less: Avoidable fixed cost 55,000

Net contribution (31,000)

The department should be eliminated. The financial advantage of eliminating the department is that it will increase the total profit of the whole company by $31,000

Explanation:

This question relates to deleting a product or segment. The net contribution will be computed by deducting the avoidable fixed cost from the contribution margin. The avoidable fixed cost is total fixed cot minus unavoidable fixed cost. Since the net contribution is negative, it implies that the department should be eliminated.

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3 years ago

Monsters Inc. will pay its first annual dividend of $2 per share exactly 4 years from today, and you expect its dividend to grow

Crank

Answer:

Fill in the blanks to make the following statements true. Also named the property used.

a. (-5) + (-4) = ___ + (-5),

b. 4 + __ = 4,

c. - 53 + ___ = - 53,

d. 4 + [(-5) + (7)] = [4 + (7)] + ___,

e. 25 + [(-50) + 5 ] = (25 + 5) + ___,

f. (-4) + ___ = -4,

g. 4 + (-4) = ___,

h. 5 + ___ = 0 ,

Explanation:

Fill in the blanks to make the following statements true. Also named the property used.

a. (-5) + (-4) = ___ + (-5),

b. 4 + __ = 4,

c. - 53 + ___ = - 53,

d. 4 + [(-5) + (7)] = [4 + (7)] + ___,

e. 25 + [(-50) + 5 ] = (25 + 5) + ___,

f. (-4) + ___ = -4,

g. 4 + (-4) = ___,

h. 5 + ___ = 0 ,

5 0

3 years ago

After a firm has determined its position in the global market, it will typically seek to meet the needs of global markets by ___

elixir [45]

After a firm has determined its position in the global market, it will typically seek to meet the needs of global markets by tailoring its marketing mix to the needs of consumers in individual markets.

<h3>What is global market?</h3>

Global market involves planning, producing, placing, and promoting a business' products or services in the worldwide market.

It is not limited to specific geographic locations but rather involves the exchange of good, services, and labor anywhere.

Examples of global markets are :

Fast-moving consumer goods
Clothing
Automobiles
Banking,
Fast food companies

Hence, a firm will typically seek to meet the needs of global markets by tailoring its marketing mix to the needs of consumers in individual markets.

Learn more about global market here : brainly.com/question/20860719

6 0

3 years ago

Hofnim, Inc. had the following account balances on September 30, 2016. What is Hofnim's net income for the month of September

goldfiish [28.3K]

Answer:

$22750

Explanation:

Calculation for What is Hofnim's net income for the month of September

Hofnim's NET INCOME

Fees Earned 64,000

Less Miscellaneous Expense (19,700)

Less Rent Expense (5,100)

Less Wages Expense (16,450)

NET INCOME $22,750

Therefore the NET INCOME will be $22,750

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3 years ago