Write a reaction paper of no less than 250 words to the Jenkins and Grossman arguments you read during this lesson.

The FIFO method provides a major advantage over the weighted-average method in that: A. the calculation of equivalent units is l

Scrat [10]

Answer:

C. the FIFO method separates the work done during the current period to provide measurements of work done during the current period.

Explanation:

When you are calculating production costs and equivalent units, FIFO method only focuses on the goods produced during the accounting period and basically doesn't consider previous costs associated to beginning inventory. On the other hand, the weighted average method includes both current costs and costs associated to beginning WIP.

3 0

3 years ago

When a commercial bank borrows additional reserves from another bank, it pays which interest rate?

oksano4ka [1.4K]

Answer:

Federal funds rate

Explanation:

Federal funds rate can be described as a target interest rate which is set by the Federal Open Market Committee (FOMC) and it is the interest rate at which excess reserves of commercial banks are lent to and borrowed from each other overnight.

The law requires that commercial banks must maintain certain percentage of their deposits in their account with Federal Reserve bank as a reserve. When there is an excess of money above the required level in the reserve of some banks, the excess can be lent by those banks to other banks that have shortfalls. The interest rate that is paid by the borrowing banks is the federal fund rate.

8 0

2 years ago

Read 2 more answers

After 8 years of working for a company that installed underground sprinkling systems for golf courses, Jake was ready to venture

Shkiper50 [21]

Answer:

two strengths and one threat

Explanation:

Since in the given situation it is mentioned that that Jake was fortunate to have $100,000 financing also the skilled installers are willing to work but at the same time he was aware that the new construction was all time low

So here there are two strengths and one threat

In this way the events are categorized

7 0

2 years ago

Carmel Company has a frequent buyer program for its customers, where the customers can attain an "elite" level based on the numb

lisov135 [29]

Answer:

a.Titanium = $2,890,500

Platinum = $5,185,000

b. Platinum is more profitable

Explanation:

The computation of given question is shown below:

For Titanium

Total gross margin = 5,000 × $1,590

= $7,950,000

Salaries and bonus of Customer representative = ($68,000 × 5,000 ÷ 200) + (1% × $7,950,000)

= $1,700,000 + $79,500

= $1,779,500

b.

Promotion cost = $2,850,000 × 80%

= $2,280,000

Excess of gross margin over customer costs = Total gross margin - Salaries and bonus of Customer representative - Promotion cost

= $7,950,000 - $1,779,500 - $2,280,000

= $2,890,500

For Platinum

Total Gross margin = 20,000 × $ 325

= $6,500,000

Salaries and bonus of Customer representative = ($68,000 × 20,000 ÷ 2,000) + (1% × $6,500,000 )

= $680,000 + $65,000

= $745,000

Cost of promotion = $2,850,000 × 20%

= $570,000

Since, 80% is allocated for promotion expenses of titanium so we assume 20% for Platinum

Excess of gross margin over customer costs = Total Gross margin - Salaries and bonus of Customer representative - Cost of promotion

= $6,500,000 - $745,000 - $570,000

= $5,185,000

B. Since, Platinum is higher than Titanium. So, Platinum is more profitable.

4 0

2 years ago

A professor wanted to compare two types of teaching styles. One type is by tutorials and the other is giving a lecture. It is a

Damm [24]

Answer:

The following are the answer to this question:

Explanation:

In the given question the correct choice is missing, that can be defined as follows:

In option A, It uses the development of matched-pairs.

In option B, In the score ranking, it uses the test score for both the test.

In option C, This type of variable is the form of presentation, which allows you a treatment, which consists of lectures thru lectures as well as a presentation offering a lesson.

In option D, The answer is students.

In option E, It is used to eradicate prejudice concerning which communication demonstration was first used.

8 0

3 years ago