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ElenaW [278]
3 years ago
6

Assuming purchase costs are rising, determine which of the statements below are correct regarding the cost of goods sold under F

IFO, LIFO and weighted average cost flow methods.A. Companies using FIFO will report the highest gross profit and net income. B. Companies using FIFO will pay higher taxes than companies using LIFO, assuming all else
being equal. C. Weighted average cost of goods sold will be between FIFO and LIFO costs of goods sold. D. Companies using FIFO will report the smallest cost of goods sold.E. Companies using LIFO will report the smallest cost of goods sold.
Business
1 answer:
anzhelika [568]3 years ago
6 0

Answer:

A

B

C

D

Explanation:

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold

Weighted average cost method calculates the cost of goods sold as the weighted average of cost of inventory

In periods of rising prices, later purchased goods would have a higher price. As a result, LIFO would report a lower net income while companies using FIFO would report the highest gross profit and net income.

Because of the high net income reported under FIFO, tax paid would be the highest too

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3 years ago
Why do some firms, industries, and cultures have different CSR thresholds than others
Sergeeva-Olga [200]

Considering the industrial context, the reasons some firms, industries, and cultures have different CSR thresholds than others include <u>differences in stages of </u><u>acceptance</u><u> </u><u>among</u><u> </u><u>firms</u><u>.</u>

Some other reasons some firms, industries, and cultures have different CSR thresholds than others include the following:

  • Level of complexity
  • CSR acceptance level of competition
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  • Differences in cultures, etc.

CSR is the Corporate Social Responsibility in which the private firms seek to contribute to the society in which they operate through charity, philanthropic, and volunteering programs, amongst others.

Hence, in this case, it is concluded that there are various reasons why some firms, industries, and cultures have different CSR thresholds than others.

Learn more about CSR thresholds here: brainly.com/question/15318875

4 0
2 years ago
A 15-year 3 1/4% Treasury Bond is quoted at 100-12 - 100-16. The bond pays interest on Jan 1st and Jul 1st. A customer sells 5M
trasher [3.6K]

Answer:

The multiple choices are:

$5,006.00

B $5,018.75

C $5,025.00

D $5,028.75

The correct option is B,$5018.75

Explanation:

The key to unlock this question is to know that government securities are usually quoted in 1/32 nds ,which means that in calculating the price  the number after 100 is is multiplied by 1/32.

1M means 1000,while 5M means 5000

The price of 5M=5000*(100+12*1/32)%

The price of 5M=5000*(100+0.375 )%

The price of 5M=$5018.75

In this case the bid price which is lower is used when selling securities to the dealer

4 0
3 years ago
The business sectors identified in QUESTION 1.3.1
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Explanation:

poor network , poor electircity

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3 years ago
Deydey620
Monica [59]
The first answer is is outsourcing as the product is beign made in a foreign country and they do this to reduce production cost, where they do not have to gather raw materials for themselves.
5 0
2 years ago
Read 2 more answers
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