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mrs_skeptik [129]
3 years ago
9

Which of the following statements is not a characteristic of the LIFO method of pricing inventory? During a period of falling pr

ices, LIFO tends to maximize the amounts of income taxes owed The cost of goods sold is measured in relatively current costs Inventory is valued at relatively current costs During a period of rising prices, LIFO tends to minimize the amounts of income taxes owed
Business
1 answer:
Valentin [98]3 years ago
6 0

Answer:

Inventory is valued at relatively current costs

Explanation:

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold. Inventory would be made up of older purchases not valued at current costs

In periods of rising prices, LIFO  tends to minimise the amounts of income taxes owed because cost of goods would be higher due to inflation and this would reduce profit and hence taxes paid.

On the other hand, in periods of falling prices, LIFO tends to maximize the amounts of income taxes owed because cost of goods sold would be low and this would increase profit and hence taxes paid

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Cadavieco Detailing's cost formula for its materials and supplies is $2,090 per month plus $15 per vehicle. For the month of Nov
Cloud [144]

Answer:

The materials and supplies in the planning budget for November

= $2,090 + $15 per vehicle

= $2,090 + $15 x 89 vehicles  

=  $2,090 + $1,335

=  $3,425      

The correct answer is D                                                                                                                                                                                                                                                                                                                                                                                                                                                    

Explanation:

The materials and supplies in the planning budget are comprised of a                 fixed cost of $2,090 plus a variable cost of $15 per vehicle. The number of vehicle budgeted for was 89 vehicles. Thus, the materials and supplies in the planning budget will be $2,090 plus $1,335 x  89 vehicles.

4 0
3 years ago
The fed increases the quantity of money. in the short run, the quantity of money demanded ______ and the nominal interest rate _
Nimfa-mama [501]

The quantity of money demanded <u>increases</u> and the nominal interest rate <u>falls.</u>

In the short run, if the Fed(Federal Reserve) increases the quantity of money, the quantity of money demanded will increase and the nominal interest rate falls.  

The quantity of the money supplied and the nominal interest rates has an inverse relation. That is, when there is a huge supply of money in a short-term, it will cause an increase in the nominal interest rate.

The nominal interest rate refers to the interest rate before adjusting to inflation or price-hike. It balances the supply and demand of money.

So when there is an increase in the supply of money ,there will be the resulting increase in the demand of money too. The total money that the population wants to hold is referred as the money demanded.

Learn more about Fed( US Federal Reserve) at brainly.com/question/25843620

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8 0
2 years ago
Write a paragraph in no more then 100 words. Do you think it's right to let animals work for human ?​
valina [46]

Answer:

Animal rights is the philosophy according to which some, or all, animals are entitled to the possession of their own existence and that their most basic interests—such as the need to avoid suffering—should be afforded the same consideration as similar interests of human beings.That is, some species of animals haveOn the one hand, a group of people believe that mankind does not have the rights to exploit animals, as they are also living creatures. It is true that animals live by following their instinct, but they have the same feeling as human beings, therefore it would not be fair for mankind to exploit them. In several cases, it has been reported that some of the cows had cried before they were slaughtered in the slaughterhouse, which means that they also had the same feeling as human beings. In another reported cases, some of the animals was treated poorly by their masters, though they had been exploited heavily and made them sick or injured. the right to be treated as individuals, with their own desires and needs, rather than as unfeeling property.

Explanation:

it has become a debatable topic about the exploitation of animals by mankind. Some people believed that animals should not be exploited and should be treated fairly by human beings. In contrast, others think animals should be utilised to assist humans in various kinds of ways, such as the source of food or for medical testing. The following essay will discuss both views in details, but in my opinion, I believe that animals can be used as the source of food or to assist human beings in the proportionate way and human should treat them properly.

8 0
3 years ago
Read 2 more answers
Once you find a job that sounds interesting you should
liraira [26]
You should see what you need to do to get hired. Do something you love or are interested in.
7 0
3 years ago
Read 2 more answers
Kendra runs a wholesale distribution center for candy. Each week she receives a truckload of candy from her supplier and unpacks
motikmotik

Answer:

b. Storing

Explanation:

Based on the information being provided in regards to Kendra's situation in running her candy store, it seems that Kendra is adding value by storing inventory. This is the case because customers do not want to purchase large quantities but instead want to purchase single candy cases at a time. Which Kendra is providing that to her customers as well as always having stock available to sell. Thus increasing the value that the customers are getting from Kendra's store.

If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
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