Ask question

Ask question

All categories

3 years ago

8

two companies report the same cost of goods available for sale but each employs a different inventory costing method. if the pri

ce of goods purchased as inventory has increased during the period, then the company using

1 answer:

trapecia [35]3 years ago

6 0

Answer:

The company using FIFO will have the highest ending inventory.

Explanation:

I think this is correct,

You might be interested in

Which situation would result in a credit card issuer charging a late-payment fee?

rewona [7]

A credit card issuer would charge a late-payment fee if there is an unpaid minimum credit card fee or other payment from your credit card until the due date. The late-payment fee is calculated based on your unpaid minimum credit card fee. It will not exceed the amount of your unpaid minimum<span> credit card fee.</span>

6 0

4 years ago

Under the allowance method, when a specific account is written off

WITCHER [35]

When engaging to the allowance method, when there is a presence of having to written off a specific amount in the allowance method, what would likely happen is that there will be no change in terms of the total assets so the likely answer is letter a.

5 0

3 years ago

Economics is the study of how people try to satisfy unlimited wants and needs with limited resources.Question 20 options:TrueFal

Crazy boy [7]

Answer:

True

Explanation:

According to the American Economics Association, economics is the study of limited resources or scarcity. Many economists say people have unlimited wants and needs because it is an assumption that human beings are never satisfied at all. But this is an important and valid assumption because in many situations, more is better.

Also economics is the study of how people make choices and which incentivates people to make them.

8 0

3 years ago

Tyler returned $500 worth of merchandise within the discount period. The entry to record the return is which of the following?

Blababa [14]

The answer should be c.

7 0

4 years ago

Suppose 70% of all companies are classified as small companies and the rest as large companies. Suppose further, 82% of large co

aleksandrvk [35]

Answer:

a) p(small) = 0.126

p(large) = 0.246

b) p(small) = 0.6613

p(large) = 0.3387

c) 37.2%

Explanation:

<u>A) determine that the company picked is a large company or small company</u>

<u>condition : the company provides training to its employees</u>

Given data:

p( small ) = 0.7, p( large ) = 0.3, p( training ∩ small ) = 0.18, p( training ∩ large ) = 0.82 , p( No-training ∩ small ) = 0.82 , p( no-training ∩ large ) = 0.18

<em>A) </em><em>hence the probability of picking a small company that provides training </em>

P( small | training ) = P(Training ∩ Small)* P(Small) = 0.18 * 0.7 = 0.126

<em>Probability of picking a large company that provides training </em>

P( large | training ) = P(training ∩ Large) *P(Large) = 0.82 * 0.3 = 0.246

<u>B) Determine the revised probabilities that company picked is large or small </u>

Revised probability for a large company; P( large | training )

P(Large | training) = P(Large ∩ training) / P(training)

= 0.246 / ( 0.126 + 0.246 ) = 0.6613

P( small | training ) = P( small ∩ training ) / P(training )

= 0.126 / ( 0.126 + 0.246 ) = 0.3387

<u>C) Overall percentage of companies that offer training </u>

p( training ) = 0.126 + 0.246 = 0.372 = 37.2%

3 0

3 years ago