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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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What is the first step in applying for financial aid?
mamaluj [8]
Fill out the FAFSA. You must complete the FAFSA (Free Application for Federal Student Aid) to qualify for: Federal and most state grants, scholarships, low-cost student loans, and work-study programs<span>. The Pennsylvania State Grant Program and other state programs.

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3 0
3 years ago
"I'll let you sell the Harley-Davidson designer clothes only if you'll also sell a new line of clothes designed by Paula Abdul,
yulyashka [42]

Answer:

B)tie-in sales.

Explanation:

Theses are the options for the question;

A. misrepresentation.

B. tie-in sales.

C. reciprocity.

D. price discrimination.

E. kickbacks

From the question, we are informed about a statement ""I'll let you sell the Harley-Davidson designer clothes only if you'll also sell a new line of clothes designed by Paula Abdul, too."

This statement made by a salesperson to a specialty retailer is potentially an example of tie- sales and may be in violation of the Clayton Act prohibition if the action substantially lessens competition.

It should be noted that tie - in sales in finance means that when a cusumer buys a goods he/she must buy the other product, it simply means the products are tied, and this is opposite of Clayton Act which was set up to bring end to transactions that can lead to monopolies.

3 0
3 years ago
Last year Ann Arbor Corp had $195,000 of assets (which equals total invested capital), $305,000 of sales, $20,000 of net income,
telo118 [61]

Answer:

10.67%

Explanation:

For computing the change in ROE first we have to find out the debt and equity values which are shown below:

The debt value = Total invested capital × debt rate

                         = $195,000 × 37.5%

                         = $73,125

And, the equity value = Total assets - debt value

                                   = $195,000 - $73,125

                                   = $121,875

Now we apply the Return on Equity formula which is presented below:

= (Net income ÷ Total equity) × 100

The net income is $20,000 and the equity value would remain the same

So, the ratio would be = ($20,000 ÷ $121,875) × 100 = 16.41%

And if the net income raise to $33,000

Then the new ROE would be = ($33,000 ÷  $121,875)  × 100 = 27.07%

So, the change in ROE

= New ROE - Old ROE

= 27.07% - $16.41%

= 10.67%

4 0
3 years ago
If Texia specializes in food, it can produce 1,000 units of food and 0 units of clothing this year. If it specializes in clothin
Sati [7]

Answer:

Texia; Texia

Explanation:

A country has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries

Texia can produce 1000  units of food while Urbania can produce 500  units of food . Texia produces more food

Texia can produce 500 units of clothing while Urbania can produce 200 units of clothing. Texia produces more clothing

Texia has an absolute advantage in both activities

3 0
3 years ago
In early 2008, you purchased and remodeled a 120-room hotel to handle the increased number of conventions coming to town. By mid
Yuri [45]

Answer:

To solve this problem, first let us calculate for the total cost:

Total cost = Capital cost + Cost of capital

Total cost = $ 20 M + 0.10* $ 20 M

Total cost = $ 22 M

The breakeven point would be the price in which the total earnings is equal to the total cost. Therefore:

$ 15M + 20,000 * X = $ 22 M

Where X is the breakeven price in dollars per room per night

Calculating for X:

20,000 * X = $ 7 M

X = $ 350

Therefore the break even price is $ 350 per room per night.

Explanation:

Mark as brainiest

5 0
3 years ago
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