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Thepotemich [5.8K]
2 years ago
10

When prices change during a period, a company can combine the principles of the retail LIFO method with the dollar-value LIFO me

thod to eliminate the effects of this price change. This combination is called:______
Business
1 answer:
Alex2 years ago
5 0

Answer:

Dollar value LIFO retail method

Explanation:

Dollar-Value LIFO aim to reduces the effect of the liquidation, allows companies to use FIFO internally and also reduces clerical costs.

Dollar value LIFO retail method are retailers way of getting or achieving the LIFO cost flow without monitoring individual units and this may lead to low liquidation of LIFO cost layers that could occur during tracking.

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You have the following information for Wildhorse Co. for the month ended October 31, 2017. Wildhorse Co. uses a periodic method
Dmitry [639]

Answer:

The weighted-average cost by unit is $28,338.

Explanation:

AVCO Perpetual chart is attached.

AVCO Perpetual chart shows purchases , sales and balance of each period. Highlighted you will find the balance at the end of every purchase or sale.

When you have a purchase: Use the following formula to get the weighted-average cost by unit:

(P₁*Q₁)+(P₂*Q₂)/(Q₁+Q₂)

P₁ and Q₁ are the balance from operation that you made before.

P₂ and Q₂ is the data of the new operation (new purchase)

When you have a sale: you only discount the Quantity and use the average cost by unit to get the final inventory.  

The balance at the end of October is

Units Unit Cost Total

76         $28,338          $2.153,720 

Download xlsx
3 0
3 years ago
Which of the following is true of the maturity stage of the product life cycle?a) Harvesting is a strategy that is widely used b
Digiron [165]

Answer:

d) Sales increase at a decreasing rate as fewer new buyers enter the market.

Explanation:

The life cycle has four stages - introduction, growth, maturity and decline. While some products may stay in a prolonged maturity state, all products eventually phase out of the market due to several factors including saturation, increased competition, decreased demand and dropping sales

8 0
3 years ago
Favourite drink?<br><br> pepsi<br><br> cola<br><br> lemonade<br><br> other? comment
frutty [35]

my favorite is strawberry lemonade


8 0
2 years ago
Read 2 more answers
A company borrowed $500,000 cash from a bank and used it to purchase $500,000 of new manufacturing equipment. Which of the follo
bogdanovich [222]

Answer:

Lets see what are the double entries of borrowings and purchase of new  manufacturing equipment and their implications:

Double Entry for borrowings:

Dr Bank $500,000

Cr           Notes Payable $500,000

The above double entry shows that the total assets and Notes Payable are increased due to this transaction. Furthermore, in the Statement of Cash flow we see an increase in Cash from Financing activities and decrease in the Cash from investing activities.

The second transaction is purchase of new manufacturing equipment. It must be accounted for as under:

Dr Manufacturing Equipment $500,000

Cr                                               Bank    $500,000        

This transaction shows that net impact on the total assets is same as one asset has been increased by spending the other asset. This transaction also has no impact on Cash for financing, inventories and notes payable balances. However, their is increased negative balance in cash from investing activities.

5 0
3 years ago
Which of the following statements is incorrect?
DedPeter [7]

Answer:

E. All information systems support businesses.

Explanation:

All information systems do not support businesses because it's there's many types of information systems such as Executive Support Systems , Management Information Systems (MIS), Decision Support Systems , Knowledge Management Systems , Transaction Processing Systems and Office Automation Systems and it depends on the purpose of that information system in particular, whether it supports businesses or not

4 0
2 years ago
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