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Fittoniya [83]
3 years ago
10

During periods of decreasing costs, the use of the LIFO method of costing inventory will result in a lower amount of net income

than would result from the use of the FIFO method.
a. True
b. False
Business
1 answer:
gladu [14]3 years ago
7 0

Answer:

b. False

Explanation:

LIFO stand for Last in First Out. This means LIFO inventory valuation is based on earlier goods purchased.

So, when costs are decreasing, they are affecting latter prices and this usually affect FIFO (First in First Out) not LIFO.

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Answer:

The appropriate alternative is option B (ERP system).

Explanation:

  • The ERP system has become a corporation software platform that has the core purpose of integrating various processes and employees throughout the financial institution into a standard desktop software application that might boost the growth of the agency.
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The market value of Yeates Corporation’s common stock had become excessively high. The stock was currently selling for $270 per
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3 0
2 years ago
A store offers two payment plans. Under the installment plan, you pay 25% down and 25% of the purchase price in each of the next
aev [14]

Answer:

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a-1.

The interest rate of 5% is taken as the discount rate to convert future cash flows into the present value.

The First payment plan with installments has a present value of,

Present Value-Plan 1 = 25 + 25/1.05 + 25/1.05² + 25/1.05³ = $93.08

a-2.

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The second plan will involve immediate payment and a discount of 10%vwhch makes the present value of plan 2 as $90 (100 - (100*0.1)).

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