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vlada-n [284]
2 years ago
8

The selected inventory costing method impacts:________

Business
1 answer:
Alisiya [41]2 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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By which distribution system is more than 90 percent of u.s. coal shipped
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The answer to this question is Railroads
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One of the earliest, and still one of the most powerful, motivations for u.s. companies to invest abroad relates to ____: obtain
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This is factors of production

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Read 2 more answers
On July 1, 2020, Whispering Co. pays $13,620 to Metlock Insurance Co. for a 3-year insurance policy. Both companies have fiscal
S_A_V [24]

Answer:

jul-01 Prepaid expenses   13.620  

jul-01      Cash                              13.620

     

dec-31 Insurance policy expense 2.270  

dec-31     Prepaid expenses    2.270

Explanation:

Paid 1-jul 13620    

     

Three Years 13.620 36 months    

Monthly 378 month    

Current Year 2.270 6 months    

           

jul-01 Prepaid expenses   13.620  

jul-01      Cash                              13.620

     

dec-31 Insurance policy expense 2.270  

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4 0
3 years ago
The _____ is a more specific goal that unifies company-wide efforts, stretches and challenges the organization, and possesses a
Rus_ich [418]

Answer:

The correct answer is strategic objective.

Explanation:

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a. yes no

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3 years ago
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