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Viefleur [7K]
4 years ago
12

Paulette goes to an electronic store to purchase a refrigerator. after comparing the technical features, prices, and durability

of the various brands of refrigerators available, she purchases the one that is cheaper and smaller in size than the rest. in this case, paulette has purchased a _____.
Business
1 answer:
astra-53 [7]4 years ago
6 0

Paulette has purchased a shopping product. A shopping product is a product of which there is a presence of research when it comes of having it to be differentiated with other existing products that could be of its competency, they are composed of two types which are called the heterogeneous and homogenous.

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Which of the following is true about finding the present value of cash flows? Finding the present value of cash flows tells you
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Explanation: "Finding the <u>FUTURE VALUE </u>of cash flows tells you what a cash flow will be worth in future years at a specified rate of return." is the definition for FUTURE VALUE.

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What is generally the difference between blue-collar workers and white-collar workers?
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he units of Manganese Plus available for sale during the year were as follows: Mar. 1 Inventory 22 units @ $29 $638 June 16 Purc
Mama L [17]

Answer:

Thus, difference in gross profit = $144 + $144 = $288

Profit as per FIFO is higher than profit as per LIFO

Explanation:

In the given case, as per both the methods computation shall be as follows:

Date                    Quantity                   Rate              Amount

Mar 1                     22 units                   $29                 $638

Jun 16                   31 units                    $30                 $930

Nov 28                 41 units                     $37                 $1,517

Total                     94 units                                           $3,085

Closing units = 18

That means sales = 94 - 18 = 76 units

Thus as per LIFO cost = 41 units @ $37 + 31 units @ $30 + 4 units @ $29

= $2,563

Closing stock = 18 units @ $29 = $522

As per FIFO cost = 22 units @ $29 + 31 units @ $30 + 23 units @ $37 = $2,419

Closing stock = 18 units @ $37 = $666

Thus, difference of closing stock = $666 - $522 = $144

Profit as per FIFO is higher by $144

Cost is higher in LIFO by $2,563 - $2,419 = $144

Thus, difference in gross profit = $144 + $144 = $288

6 0
4 years ago
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