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Ede4ka [16]
3 years ago
12

ABC Company has elected to adopt the dollar-value LIFO inventory method when the inventory is valued at $125,000. The adoption t

akes place as of January 1, 20X1 when the entire inventory represents a single pool. ABC Company determined that the inventory at December 31, 20X1 was $144,375 at current year cost and $131,250 at base year cost using a relevant price index of 1.10. The inventory at December 31, 20X1 under dollar value LIFO is
Business
1 answer:
Brut [27]3 years ago
8 0

Answer:

Explanation:

K

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A firm’s statement of values requires a lot of pruning. There are many acceptable values, but to be effective, the list must be
Galina-37 [17]

Answer:

Culture.

Explanation:

A firm’s statement of values requires a lot of pruning. There are many acceptable values, but to be effective, the list must be short. Executives choose the most important values. Therefore, the clue to <u>Culture</u> is in what is chosen.

Companies recruit candidates who are most likely to fit their culture. Studies have found that a good fit between a candidate's personality and the company's culture leads to better retention. Companies can also use hiring decisions and training to maintain their culture.

6 0
3 years ago
Oriole Company has a balance in its Accounts Payable control account of $8,170 on January 1, 2020. The subsidiary ledger contain
dem82 [27]

Complete question:

Oriole Company has a balance in its Accounts Payable control account of $8,170 on January 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,550; Janish Company, balance $1,580; and Valdez Company. During January, the following payable-related transactions occurred.

Purchases Payments Returns  

Hale Company $6,529 $5,972 $ -0-  

Janish Company   5,066   2,087 2,215  

Valdez Company   6,647   6,790   -0-

What is the January 1 balance in the Freeze Company subsidiary account?

What is the January 31 balance in the control account?

Balances in the subsidiary accounts Bixler $ Cuddyer $ Freeze$

Which January transaction would not be recorded in a special journal?

Solution:

What is the January 1 balance in the Freeze Company subsidiary account?

8,170 - 2,550 - 1,580 = 4040

What is the January 31 balance in the control account?

8,170 + 6,529 + 5,066 + 6,647 - 5,972 - 2,087 - 6,790 - 2,215 = 1,995

Compute the balances in the subsidiary accounts at the end of the month.  

Hale 2,550 + 6,529 - 5,972 = 3,107

Janish 1,580 + 5,066 - 2,087 - 2,215 = 2,344

Valdez 4040 + 6,647 - 6,790 = 3,897

Which January transaction would not be recorded in a special journal?

Returns Purchases Payments

The purchase return for Brown of $2,215

6 0
3 years ago
Abigail is shopping for a new copier for her company. She has set her price range between $5,000 and $6,000. The copier must han
expeople1 [14]

Answer:

Option "C" is the correct answer to the following situation.

Explanation:

Bounded rationality is the concept that we make informed decisions but within the constraints of the information available to each other and our intellectual capacity.

Bounded rationality is the belief that the wisdom of people in decision-making is restricted by the knowledge they have, the logical capacities in their brains and the small number of hours they need to make a decision.

Therefore, option "C" is correct answer

7 0
3 years ago
Many firms engage in __________ planning to prepare the organization, its managers, and its employees to cope with sudden catast
Vaselesa [24]

Answer:

Crisis Panning

Explanation:

The crisis planning involves the management of the company risk associated with catastrophic events which will completely destroy the firm and their will no essence of the company to start it again. So to insure businesses from such risks heading, the company plans about it to tackle such risks and this planning is known as crisis planning.

6 0
3 years ago
Choose all that apply. To avoid financial risks, you should _____. obtain health insurance
Leni [432]
I believe the answer here is B. Answer choices (A, E,F,G) Were good but you want to know how to AVOID financial risk. If you protect your personal info. you have nothing to worry about! Hope this helps :)
5 0
3 years ago
Read 2 more answers
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