1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Which of these factors would NOT cause the supply curve for a particular good to shift?a. a change in the technology used to pro
attashe74 [19]

Answer:

The answer is: a change in the price at which a substitute good is sold

Explanation:

A shift in supply means a change in the quantity supplied at every price.

Let's assume we sell product A. If the price of a substitute product B increases, then the quantity demanded for product A will increase as the quantity demanded for product B decreases. That will cause an increase in the quantity supplied of product A, which may in turn rise the price of product A until again both products (A and B) match their prices.

Instead, a shift in the supply curve means that the quantity supplied of a product will change at every price level.

5 0
3 years ago
1 1.1 Briefly name and explain the aspects of the marking mix.​
mafiozo [28]

Answer: Marketing mix could described as methods taken by an organization to boast their brand or improve demand of product in the market.

Explanation:

Marketing mix could described as methods taken by an organization to boast their brand or improve demand of product in the market.

Aspects of marketing mix are Price, product, promotion and place.

Price; this refers to the value of a product. The organization in considering marketing mix would have to make her price affordable for the market in relation with the value of the product it's selling.

Product; this is the item being sold. The item must be valuable and worth the buy of the customers, this would improve consistent buying and referral by those who have already bought.

Promotion: this refers to actions taken to make known the product visibility in the market. This actions could be through branding, marketing with the aim of making the products demanded more than usual always.

Place: these is referred to as the target market. Every market is not a market, the place refers to those who are either already customers or would be customers. The organization must try to identify those who her products address and try selling to them.

5 0
3 years ago
Tiggie’s Dog Toys, Inc. reported a debt-to-equity ratio of 1.75 times at the end of 2018. If the firm’s total assets at year-end
il63 [147K]

Answer:

Total debt is $15.91million

Total equity is 9.09miliion

Explanation:

Debt-to-equity ratio relates to how a firm is financing its operations through debt versus shareholders' equity(owners' fund)

The formula is: Total debt/total equity

Debt-to-equity ratio = 1.75times

Total assets =$25 million

We know the Equity = Asset - liability(debt)

We can rewrite the equation as:

Debt-to-equity ratio = Total debt/asset - debt

Let's represent debt as 'y'

1.75 = y/$25million - y

y = 1.75($25million - y)

y = $43.75 - 1.75y

Collect the like terms

y + 1.75y = $43.75million

2.75y = $43.75million

y = $43.75million/2.75

y = $15.91million

Therefore, total debt is $15.91million

Using the same formula: Total debt/total equity

Lets represent equity with z

1.75 = $15.91million/z

z = 15.91million/1.75

z = 9.09miliion

Therefore total equity is 9.09miliion

6 0
3 years ago
Read 2 more answers
A corporation has perpetual life, until one of its shareholder dies true or false
Svetach [21]
False

A corporation wouldn't have perpetual, or everlasting, life if the death of one of its shareholder could end it. Perpetual means never ending.
7 0
3 years ago
Which of the following refers to the way that interest added to an account earns
prisoha [69]

Answer:

APY is when interest is added to an account that is earning the money so I belive that is the answer

6 0
2 years ago
Other questions:
  • Swisher, Incorporated reports the following annual cost data for its single product: Normal production level 30,000 units Direct
    15·1 answer
  • Discuss the advantages of PES policy compared to other instruments such as tax, subsidy and direct control.
    7·1 answer
  • (a) On March 2, Shamrock Company sold $897,900 of merchandise to Pharoah Company on account, terms 2/10, n/30. The cost of the m
    7·1 answer
  • Consider two people who are currently out of work. Tim would like to work but he is not looking for work because there have been
    7·2 answers
  • Lucas is running a lemonade stand on a hot day. He initially charges 25 cents a glass and is selling lots of lemonade. He decide
    9·1 answer
  • The advanced industrial nations of the West committed themselves after World War II to removing barriers to the free flow of goo
    14·1 answer
  • Good wireless and better wireless merged to form best wireless the federal government watches this merger carefully for evidence
    6·2 answers
  • The principal purpose of a statement of cash flows is to measure the profitability of a business that maintains its accounting r
    10·2 answers
  • What will happen to the equilibrium price and quantity of airline fares as a result of the following two simultaneous changes (a
    14·1 answer
  • Sylvia is a budget analyst for the state of Kentucky. her job is to look over the state government's spending and suggest and su
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!