Answer:
a) will report lower earnings during rising prices of inputs and pay lower taxes
The reason for this is that when input prices are rising, the inventory bought last is the most expensive and the inventory bought first is the least expensive. So when using LIFO during rising prices of inputs the company will report a higher cost of goods sold as the inputs bought later cost more. This will lower their earnings and taxes.
Explanation:
Answer:
All of the above except: Don't tell people your dog's name
Explanation:
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Answer: Budgeted Raw Material to be consumed in July.
Quantity Price per pound Total
10,200 $6 $61,200
Explanation:
As for the information provided, the material at month end in hand shall be:
20% of upcoming month's sale.
If in June at month end, the inventory in hand = 2,040 pounds of raw material.
Then, this represents 20% of total requirement of July.
Therefore, total requirement in July = 
This basically means:
Total inventory required =
Quantity Price per pound Total
10,200 $6 $61,200
Answer:
The following are the order in which the steps are taken in regards to the Compliance Program from the US Sentencing Commission Guidelines:
7. Establish standards and procedures.
1. Encourage employees to report violations.
6. Delegate decision-making authority only to ethical employees.
3. Improve program after violations.
2. Enforce standards consistently and fairly.
5. Train employees on standards and procedures.
4. Assign upper-level managers to be in charge.
Explanation:
