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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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Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any, that each of the following transa

KengaRu [80]

Answer:

Kindly see attached organized table for clarity.

Item cash Net income

a Purchase of Supplies of cash -$133 -

b Adjusting entry for use of supplies - -$31

c Made sales on account - $1,297

d Received cash from customer on acct $865 -

e Purchased equipment for cash -$2,528 -

f Depreciation of building to be recorded - -$610

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3 years ago

The general message of the full disclosure principle is that: a. information is symmetric. b. information is costly to fake. c.

erica [24]

Based on financial and accounting principles, the general message of the full disclosure principle is that "<u>the lack of evidence that something resides in a favored category will often suggest that it belongs to a less favored one."</u>

This is because the full disclosure principle state that all information should be documented in a company or individual financial statements which are believed to affect a reader's knowledge of that specific financial statement.

This ensures that every party that needs to access the financial statements under concern should fully understand them without missing any form of information.

Otherwise, any missing link or information will be ruled in favor of the less favored party in a legal situation.

Hence, in this case, it is concluded that the correct answer is option D.

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6 0

3 years ago

A publicist's compensation package includes the total cost of a $180-per-

natima [27]

Answer:

D. $44,580

Explanation:

Here we want to find the yearly value of the compensation package.

To order to do so, we have to add the various terms. We have:

$t_1=\$42,000$ salary per year

Then we have the total cost of a $180-per- month health insurance plan; since there are 12 months in a year, it is

$t_2=12\cdot \$180 =\$2160$ per year

Then we have the total cost of a $35-per-month life insurance, so the yearly cost is

$t_3=12\cdot \$35 =\$420$

Therefore, the total compensation package is

$T=t_1+t_2+t_3=42000+2160+420=\$44,580$

So, option D.

7 0

3 years ago

A single branch of Simpson Shoes has been operating since 1917. A new marketing team member suggested they look into Local Inven

fenix001 [56]

Answer: The correct option is:

In Google search from a device within 30 miles (48 km) of the Simpson Shoes location.

Explanation: When using Local Inventory ads, the ads will appear within 30 miles (48 km) of the organization.

Google will render the ad to people who are searching for the products and services that the organization has available in stock.

Therefore, Simpson Shoes Local Inventory ad will appear in Google search from any device within 30 miles (48 km) of the Simpson Shoes location.

3 0

3 years ago

Read 2 more answers

Ron wants to start a digital marketing firm. He presents his business plan to Reshmie, who agrees to provide some funds for the

Lady bird [3.3K]

Reshmie is called a <u>shareholder </u>of Ron Digital Marketing firm.

<h3>Who is a Shareholder?</h3>

A shareholder is an individual person, firm, or institution who holds at least one share of a company's equity.

Because shareholders effectively own the firm, they profit from its success. These benefits take the shape of improved stock values or financial earnings given as dividends.

When a firm loses money, the share price lowers automatically, causing shareholders to lose money or incur losses in their holdings.

Learn more about shareholders here:

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5 0

2 years ago