By the use of Lifo in a period where the prices rise, companies avoid to report paper profit, also called phantom profit, as economic gain. Have in mind that in periods of changing prices, the cost flow assumption can have a significant impact onincome and on evaluations based on income. That is why when Lifo is used the companies tend to <span>report the lowest net income </span>
Answer:
A) $1,020,000
Explanation:
Conversion cost = All the cost incurred to convert raw material into finished goods, this only includes direct labor cost and manufacturing cost.
Thus, here as for provided information,
Manufacturing overhead = $250,000
Direct Labor = $770,000
Thus, conversion cost = $250,000 + $770,000 = $1,020,000
Conversion cost is the cost of efforts made to convert raw material to finished goods, but it does not include raw material cost.
A) $1,020,000
Answer:
False.
Explanation:
The capable project manager understands what motivates team members and creates a competitive environment in which each individuals are impacted by the learning process and experiences as part of a high-performing team and are able to excel.
Ideally, a capable project manager should use the project work or activities as an opportunity to avail the team members with more knowledge, so that each of them becomes more experienced and competent than when they started.
Also, a project manager is a professional saddled with the responsibility of successfully planning, analyzing and execution of a project in an organization.
Answer: (D) Investing in their future
Explanation:
According to the given question, the planning for the financial higher education is the process that helps in preparing their specific financial future as it helps in teaches about investing in their future.
We can studying about the higher education as it helps in teaches us about the loan and the funds management so that we can also secure our future by studying the overall process that involve the steps of financial investing in the future.
Therefore, Option (D) is correct answer.
Answer:
<h2>
2012</h2>
Profit Margin
= Net income / Net sales
= 1,143 / 30,768 * 100
= 3.7%
Asset Turnover
= Net sales / Average operating assets
= 30,768 / [(10,234 + 11,880) / 2]
= 2.78 times
Return on Assets
= Net income / Average operating assets
= 1,143/ [(10,234 + 11,880) / 2]
= 10.3%
<h2>
2017</h2>
Profit Margin
= Net income / Net sales
= 1,301 / 50,308
= 2.6%
Asset Turnover
= Net sales / Average operating assets
= 50,308 / [(18,390 + 17,729) / 2]
= 2.79 times
Return on Assets
= Net income / Average operating assets
= 1,301 / [(18,390 + 17,729) / 2]
= 7.2%
