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jolli1 [7]
3 years ago
13

When a firm uses the LIFO inventory cost flow assumption: ____________

Business
1 answer:
o-na [289]3 years ago
5 0

Answer:

Answer is D. better matching of revenue and expense is achieved than under FIFO.

Explanation:

The inventory cost flow assumption describes the flow of product cost: from the inventory and to cost of goods sold. When a firm uses the LIFO inventory cost flow assumption: better matching of revenue and expense is achieved than under FIFO.

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Why don’t more companies create disruptive innovations? more than one answer may be correct.
Tanzania [10]

It is  because they are not profitable enough at first and because their development can take scarce resources away from sustaining innovations.

<h3>What does the term "disruptive innovation" mean?</h3>

It disrupts the market leader in that specific market space and fundamentally alters the industry when a new good or service is launched into an established market that performs better and typically costs less.

<h3>What exactly qualifies as a disruptive invention?</h3>

The usage of cellphones for computing purposes, such as web browsing and streaming, rather than laptops and desktop computers is another example of disruptive innovation. Thanks to technical breakthroughs, cell phones today have tiny CPUs, circuits, and software that support these functionalities.

To know more about  Disruptive innovations visit:

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6 0
1 year ago
Bramble Corp. had 2500000 shares of common stock outstanding on January 1 and December 31, 2021. In connection with the acquisit
ASHA 777 [7]

Answer:

$1.47

Explanation:

Diluted earnings per share = Earnings before preferred stock dividends ÷ Weighted Average Number of Common Stock Outstanding

<em>where,</em>

<u>Earnings before preferred stock dividends is calculated as :</u>

Net Income                                                                   $3,470,000

Add Preferred Stock Dividends                                      $195,000

Earnings attributable to Common Stock holders      $3,665,000

<u>Weighted Average Number of Common Stock Outstanding is calculated as </u>:

Outstanding end of  the year                                        2,500,000 shares

therefore,

Diluted earnings per share = $3,665,000 / 2,500,000 shares = $1.47

3 0
3 years ago
A government spends money in order to:
Charra [1.4K]

Answer:

A. make sure government programs can function properly.

Explanation:

Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

The different types of tax include the following;

1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.

2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.

3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.

The main reason for government spending such as building public schools, power supply, water, development of infrastructures, etc., is to ensure and facilitate the proper functioning of all government programs.

Hence, the government of a particular country is saddled with the responsibility of spending on basic projects or programs so as to create a sustainable, growing and efficient economy for its citizens.

4 0
3 years ago
One reason some manufacturing companies have moved production from overseas locations back to the United States is an increasing
Liula [17]

Answer:

The key economic idea being exemplified is c) People are rational

Explanation:

The economists’ assumption is that firms and consumers utilize all available information to attain their goals and weigh all costs and benefits of each action taken. Moreover, firms and consumers only choose an action if the benefits exceeds the costs.  Therefore, the action of manufacturing firms to move their operations from overseas back to the US due to the increased preference for US manufactured goods exemplifies that consumers and firms rely on all available information when pursuing their goals.  

4 0
3 years ago
what are the three areas on the dashboard that let you find and perform every feature and function you need in quickbooks online
Marina CMI [18]

The  three areas on the dashboard that let you find and perform every feature and function you need in QuickBooks online are:

  • Navigation bar
  • top Navigation bar
  • Gear menu

<h3>What are the  areas on the dashboard on QuickBooks that allows feature and function?</h3>

The dashboard which is online area where your website data is been displayed and on the QuickBooks , there is a navigation bar that help the movement from one data to another.

The top menu bar also posses its function to help the user to be able to enjoy the dashboard.

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6 0
2 years ago
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