Answer:
a) FIFO
Explanation:
FIFO means first in, first out. It is an inventory system where the first purchased inventory is the first to be sold . The cost of goods sold is $30 which is equal to the price of the first purchased inventory . Therefore, the FIFO inventory system was used.
LIFO means last in, first out. It is an inventory system where the last purchased inventory is the first to be sold.
Weighted average is when the weighted price of inventory is used as the cost of goods sold.
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Answer: Hello your question is incomplete below is the complete question
answer :
1) attached below
2a) Increases by $25,176
Explanation:
1) Attached below is the contribution format income statement
<u>2a) Determine by how much the net operating income will change </u>
monthly advertising increment = $25,000
Assumed increase in division's sales = 16%
first step : determine increment in contribution margin of west division
= 313,600 * 0.16 = 50,176
change in net operating income = 50176 - monthly advert increment
= 50176 - 25,000 = $25,176 ( increases )
Answer:
The answer is: D) Fire the player. The team may suffer financially at first, but if the public has faith in the organization, the team and the league will benefit in the long run. If the owner keeps the tape a secret and the public finds out about his actions, the team - and society - will suffer harm from the loss of public trust.
Explanation:
Akers firmly believed that ethics were fundamental to economic competitiveness. He argued that without ethical behavior, individuals, corporations and society as a whole couldn´t be economically competitive.
So in this case, he would have simply terminated the player´s contract without regarding any of the potential downsides for the team.
C Reducing the financial risk for individual investors