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3 years ago

Which type of selling method sells the oldest inventory first?

Business

1 answer:

victus00 [196]3 years ago

4 0

Answer:

A.First In First Out (FIFO

Explanation:

FIFO, which is first in, first out, is an inventory management technique that seeks to sell the inventory that came to the stores first. In other words, the old inventory is sold first.

As the name suggests, businesses that practice FIFO clear the initial inventory before embarking on new stocks.

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Smith Company gives the following information on the financial statements: Net Income $50,000 Preferred Dividends 8,000 Average

ch4aika [34]

Answer: The rate of return on common stockholder’s equity is 23%.

Explanation:

Given that,

Net Income = $50,000

Preferred Dividends = 8,000

Average Common Stockholder’s Equity = 180,000

Average number of Common Shares Outstanding = 250,000 shares

Market Price = $2 per share

Therefore,

Return on equity = $\frac{Net\ income - Preferred\ Dividends}{stockholder\ equity}$

= $\frac{50000 - 8000}{180000}$

= 23%

5 0

3 years ago

What do you mean by agriculture expert??

valentinak56 [21]

Explanation:

agriculture expert a person who is expert in the field of agriculture person who knows best about the agriculture is generally known as agricultural expert

7 0

3 years ago

Brick and carmen are in an auto accident. Brick offers carmen $2,000 if she promises not to pursue her potential legal claim aga

zloy xaker [14]

Answer:

a. a release

Explanation:

Based on the scenario being described within the question it can be said that the agreement between Brick and Carmen is known as a release. This is a contract or agreement in which the individual accepting, agrees that they have absolutely no claim against the party that is named in the release. Which in this case would be Brick since he is the one that has offered Carmen $2,000 to not pursue any legal claim against him.

8 0

3 years ago

In the global arena, the use of corporate codes of conduct to address labor issues is a lot like the use of ____________________

Whitepunk [10]

Answer: Option (D)

Explanation:

Human resource management is referred to as the terminology which is used in order to elaborate the strategic proposal to compelling management of the individual in an organization so as these individual assists the organization to gain an advantage. It is known to be constructed in order to maximize the individuals performance.

3 0

4 years ago

Wildhorse Company has recorded bad debt expense in the past at a rate of 1.5% of accounts receivable, based on an aging analysis

Fiesta28 [93]

Answer:

. If Wildhorse’s tax rate is 30%, what amount should it report as the cumulative effect of changing the estimated bad debt rate?

Answer is 0.

Explanation:

The answer is 0 because it has not impact in the accumulated value of the bad debts expenses.

The impact is in the current year of 2020 on the estimated value of $132,000 that will be reported as bad debt expenses but there is no impact in the accumulated value becasue it only has an impact in the current estimation.

7 0

3 years ago