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scoray [572]
3 years ago
11

The Wheat Company has used the LIFO method for inventory valuation since the start of business 15 years ago. The current year en

ding inventory is $375,000. If the FIFO method of inventory had been used, the inventory would be $450,000. If Wheat Company had used the FIFO inventory method, income before income taxes would have been 6 P Flag question Select one 0 A, $75,000 higher over the 15 year period B. $75.000 lower over the 15 year period. c. $75,000 higher in the current year. 0 . D. S75000 lower in the current year. Question 28 Other things held constant, which of the following will NOT affect the current ratio, assuming an initial Not yet current ratio greater than 1.0? Select one: O A. Fixed assets are sold for cash Points out of 5.00 Flag question B. Long-term debt is issued to pay off current liabilities C. Accounts recelvable are collected in cash D. Cash is used to pay off accounts payable is book Question 29 General information applicable to Phoenix Company is provided below.
Business
2 answers:
konstantin123 [22]3 years ago
5 0

Answer:

If Wheat Company had used the FIFO inventory method, income before income taxes would have been?

  • A) $75,000 higher over the 15 year period

Income would have been higher since cost of goods sold would have been lower. Net income = total revenue - total costs (COGS are included here)

Question 28: Other things held constant, which of the following will NOT affect the current ratio, assuming an initial Not yet current ratio greater than 1.0?

  • C) Accounts receivable are collected in cash

Current ratio = current assets / current liabilities

Since cash and accounts receivable are both current assets, it doesn't matter if sales increase cash or accounts receivable.

yulyashka [42]3 years ago
3 0

Answer:

Explanation:

Question 27

If Wheat Company had used the FIFO inventory method, income before income taxes would have been $75,000 higher in the current year. As inventory is an asset to the company. Therefore the $75,000 in inventory would have increased the company's asset and increasing the income before taxes.

Question 28

Other things held constant, which of the following will NOT affect the current ratio, assuming an initial Not yet current ratio greater than 1.0?

C. Accounts receivable are collected in cash.

Current ratio measures a company's ability to pay short-term obligations as at when due. It indicates that a company can manage its debts and other payable when their current assets is well managed.

It is calculated as Current Asset/ Current Liability. A ratio of 1 and above is the best meaning that a company an manage its debts obligations well.

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Mason and Kirsty purchase 30 shares of Apple stock on January 1, 2009 for $72.49 per share. Mason and Kirsty receive $0.36 per s
zmey [24]

Answer:

  • after-tax average annual return = 14.41%
  • after tax dividends per year = $38.88

Explanation:

initial investment = 30 shares x $72.49 per share = $2,174.70

- dividends received per year = 30 shares x $0.36 x 4 (dividends paid every quarter) = $43.20

after tax dividends per year = $43.20 x 90% = $38.88

- long term capital gains = (30 shares x $183 per share) - initial investment =  $5,490 - $2,174.70 = $3,315.30

taxes on long term capital gains = $3,315.30 x 10% = $331.53

To calculate Mason and Kirsty's after tax average annual return (interest rate) we can use the excel spreadsheet =RATE function, where:

  • PV = -2174.70
  • FV = 5490 - 331.53 = 5158.47
  • Pmt = 38.88
  • Nper = 7

=RATE (nper, pmt, pv, [fv])

=RATE (7,38.88,-2174.70,5158.47) = 14.41%

5 0
3 years ago
Easton Co. deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of busines
dangina [55]

Answer:

it would be 64,899

Explanation:

i did the test :D

7 0
3 years ago
When firms compete by offering unique product features rather than competing on price, ______ occurs.
guapka [62]

When firms compete by offering unique product features rather than competing on price, <u>non-price competition</u> occurs; it is when businesses employ tactics to boost sales and market shares without lowering prices.

What is non-price competition?

In non-price competition, a company "seeks to distinguish its product or service from competing items on the basis of features like design and workmanship," according to a marketing strategy. Because it exists between two or more producers who sell goods and services at the same prices but seek to expand their respective market shares by non-price factors like marketing strategies and higher quality, it frequently happens in imperfectly competitive markets.

Types of Non-Price Competition:

Marketing involves a range of approaches (based round the 4Ps), including product differentiation, advertising, promotion and distribution

Learn more about non-price competition here:

brainly.com/question/12297704

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6 0
2 years ago
A manager must make a decision on shipping. There are two shippers, A and B. Both offer a two-day rate: A for $510 and B for $52
Sveta_85 [38]

Answer:

The supplier should ship 2 days using B as it yields the lowest cost.

Explanation:

Base on the scenario been described in the question, we can use the following method to solve the question

Units 410

Unit price $ 156.00

total cost of product to be shipped = (Unit price * Units) = 410*156 $ 63,960.00

Holding cost = 39% ,39%*63960 $ 24,944.400

Holding cost for 1 day = 24944.40/365 $ 68.341

Shipper A

Alternative Shippping cost Holding days Holding days * Holding cost for 1 day Total cost = Shipping + holding cost

2-Day $ 538.00 2 $ 136.682 $ 674.68

3 day $ 472.00 3 $ 205.022 $ 677.02

9 day $ 406.00 9 $ 615.067 $ 1,021.07

Shipper b

Alternative Shippping cost Holding days Holding days * Holding cost for 1 day Total cost = Shipping + holding cost

2-Day $ 529.00 2 $ 136.682 $ 665.68

4 day $ 455.00 4 $ 273.363 $ 728.36

7 Day $ 428.00 7 $ 478.386 $

5 0
3 years ago
Which statements best explains how globalization offers an advantage to businesses
Marrrta [24]

Answer:

Hello here's the answer!

Explanation:

A

C

D

E

your welcome! Brainliest if you liked the answer!

6 0
2 years ago
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