1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
morpeh [17]
3 years ago
9

If a company used the LIFO method of costing inventory and decided to change to the FIFO method in the middle of the year,___ an

d ___ would both show the variance.
Business
2 answers:
Butoxors [25]3 years ago
6 0

Answer:

1. gross profit 2. cost of goods sold

Explanation:

I got this question right on Plato

Hatshy [7]3 years ago
5 0

Answer:

Gross Profit and costs of goods sold

Explanation:

PLATO

You might be interested in
Under the perpetual inventory system, in addition to making the entry to record a sale, a company would debit Inventory and cred
marshall27 [118]

Answer:

The journal entry is shown below:

Explanation:

The journal entry for the sale of the goods using the system of perpetual inventory is shown below:

Cost of Goods sold A/c.............................Dr   XXXX

               Inventory A/c........................................Cr XXXX

Being record the sale using perpetual inventory system

Under the system of perpetual inventory, the sale or the purchase of inventory is recorded immediately using the point of sale system.

So, account of Cost of goods sold (COGS) is debited against the inventory which is sold through the business and that is credited.

5 0
3 years ago
"A registered representative makes it a regular practice to check in with his actively trading customers at least once a week an
3241004551 [841]

Answer:

contact the firm's compliance department

Explanation:

the first thing the representative should do is to contact the firms compliance department for guidance on how to handle the situation.

The SEC and the FNRA are bodies that have concerns about investors who are old/aging. These people may easily fall prey to scams due to their failing mental capacities. To protect someone like this  firms have the responsibility of training their employees to identify diminished mental capacity. FINRA requires that firms have internal process to permit representatives to seek advise from others on what step they are to take.

3 0
4 years ago
Kyoko and Jacques need to decide which one of them will take time off from work to complete the rather urgent task of changing t
viktelen [127]

Answer:

Kyoko

Explanation:

Based on the information provided it can be said that in this scenario the individual with the lowest opportunity cost of completing the task is Kyoko. This is because opportunity cost refers to what is being lost when choosing one opportunity or decision as opposed to another, and in this scenario since Kyoko is way faster at changing the brakes than Jacques then he will be losing less money by changing the brakes than Kyoko.

Kyoko: 160/2 = $80 opportunity cost for changing the brakes.

Jacques: 20*5 = $100 opportunity cost for changing the brakes.

4 0
4 years ago
the hr plan for computer services international identifies that some positions will be hard to fill because they require skills
Sindrei [870]

Answer:

budget enough money for attractive pay levels.

Explanation:

7 0
3 years ago
For the U.S. soft drink market, of the 300 million people in the U.S., 80% of the population is the maximum number of consuming
neonofarm [45]

Answer:

Annual market potential = $85,848 millions

Explanation:

The annual market potential is the expected sales value for the soft drink product  for a year should the maximum number of potential consumers purchase the product at the average price.

Annual market potential = Average price × No of consuming unit × consumption rate per annum

Maximum number of consuming unit = 80%× 300 million =240 million

Consumption rate per buyer per annum = 365

Average price = $0.98

Annual market potential ($) = 0.98× 240× 365 =$85,848 millions

Annual market potential = $85,848 millions

6 0
3 years ago
Other questions:
  • "debby just got a job as an assistant in a new federal agency called the accounting commission that was set up to regulate the a
    7·1 answer
  • Manufacturing overhead is applied to each job A. at the time when the overhead cost is incurred. B. only if the overhead costs c
    8·1 answer
  • The following hammers were available for sale during the year for Helen Tools: Beginning inventory 10 units at $120 First purcha
    9·1 answer
  • true or false small businesses help the economy by keeping production and Manufacturing in the United States
    9·1 answer
  • One advantage of credit is that it can give you a float time between buying the product and when you need to pay for it.
    5·2 answers
  • Dewey, an employee of American Stair Glide, had a novel idea for a safety device for elevator chairs manufactured by American. D
    10·1 answer
  • Which General Staff member directs management of all incident-related operational activities to achieve the incident objectives?
    13·2 answers
  • Tidewater, Inc., requires its job applicants to take a test that measures their vocabulary and numerical skills. For specific jo
    5·1 answer
  • Contemporary businesses have embraced leaner corporate hierarchies, simultaneously relying on teams, eliminating division walls,
    5·1 answer
  • The master budget of Swifty Corporation shows that the planned activity level for next year is expected to be 50000 machine hour
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!