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7nadin3 [17]
2 years ago
5

When changing from the average cost method to FIFO, the company: rev: 11_13_2020_QC_CS-240633 Multiple Choice Revises comparativ

e financial statements. Records a journal entry to adjust the book balances from their current amounts to what those balances would have been using FIFO. Provides a disclosure note explaining why the change to FIFO is preferable. All of these answer choices are correct.
Business
1 answer:
Nata [24]2 years ago
3 0

Answer:

my number is 678-918-5374

Explanation:

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Which of the following statements is false? A. Healing is one characteristic of a servant leader. B. Servant leaders place the g
irga5000 [103]

D is the correct answer.

Servant leaders can't lead if subordinates are not open to being guided.

Please vote my answer brainliest. thanks!

6 0
2 years ago
Wildhorse Co. sells merchandise on account for $2800 to Morton Company with credit terms of 2/8, n/30. Morton Company returns $8
kipiarov [429]

Answer: Cash $1,960

Sales returns and allowances $800

Sales discount $40

Accounts receivable $2,800

Explanation:

Sales = $2,800

Sales returns = $800

Discount rate = 2%

The final amount due will be:

= Sales- Sales returns

= $2,800 - $800

= $2,000

Sales discount = 2% × $2,000 = $40

Cash received will be:

Final amount due - Sales discount

= $2,000 - $40

= $1,960

The journal entry will be:

Debit Cash $1,960

Debit Sales returns and allowances $800

Debit Sales discount $40

Credit Accounts receivable $2,800

5 0
2 years ago
Jim is a firm’s marketing manager who is confident of himself and open to feedback. Moreover, he has the ability to motivate him
MAVERICK [17]

Answer:

The answer is: Emotional intelligence

Explanation:

A person with emotional intelligence is able to identify and manage his own emotions and the emotions of the people around him.

Usually they are very perceptive of other people's emotions, and when they use their abilities correctly, they can improve the performance of those around them. For example, sometimes a compliment or some nice words can do a lot to boost an employee's self esteem and efficiency.

This is a very useful trait in modern management, since modern workplaces rely more on open communications and team work.

8 0
3 years ago
SynVens, a major retail chain in Hungary, is planning to diversify. It plans to enter the Textiles industry and aims to be first
lisov135 [29]
I think the answer is b
3 0
3 years ago
Motorsports, Inc. had a predetermined overhead rate of $2 per direct labor hour. The direct labor hours were estimated to be 25,
Marat540 [252]

Answer:

$1,000

Explanation:

For the computation of overhead over/under applied last year first we need to find out the applied overhead which is shown below:-

Applied overhead = Actual direct labor × Per direct labor

= 24,000 × $2

= $48,000

Over applied overhead = Applied overhead - Actual overhead

= $48,000 - $47,000

= $1,000

Therefore for computing the overhead over/under applied last year we simply applied the above formula.

7 0
2 years ago
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