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
Dima020 [189]
2 years ago
5

Assume that you are the president of your own company and paid a year end bonus according to the amount of net income earned dur

ing the year. When prices are rising would you choose a Fifo or weighted average cost flow assumption?
Business
1 answer:
USPshnik [31]2 years ago
5 0

Answer:

I would choose weighted average because it's more better than FIFO when prices are rising.

Explanation:

You might be interested in
Oucation 6 of 25
Vladimir79 [104]

Answer:

A. How are goods and services to be distributed?

Explanation:

After the manufacturing of the goods, the process of distribution proceeds. In this process, the goods and services produced are distributed from the producers to the consumers. Transportation, packaging, storage, and advertising are some of the processes that lie between the production and distribution of the products.

According to the given options, the basic question to be asked related to the distribution of the produced goods is option A. All the other three questions belongs to the production stage.

4 0
3 years ago
Sobota Corporation has provided the following partial listing of costs incurred during August:
QveST [7]

Answer:

a. $365,000

b. $346,800

Explanation:

The computations are shown below:

a. For product cost:

= Direct materials used + Direct labor + manufacturing overhead

where,

Manufacturing overhead  = Indirect labor + Property taxes, factory + Depreciation of production equipment

= $45,000 + $18,900 + $42,200

= $106,100

So, the product cost would be

= $168,100 + $90,800 + $106,100

= $365,000

b. For period cost

= Marketing salaries + Administrative travel + Sales commissions + Advertising

= $51,700 + $100,800 + $50,000 + $144,300

= $346,800

4 0
3 years ago
A firm has conducted market research and found that customer satisfaction with its product is quite high. Nonetheless, repurchas
VladimirAG [237]

The research design evidently has  a problem with  <u>"validity".</u>


Validity refers to how well a logical test or bit of research really allots what it sets to, or how well it mirrors the truth it professes to speak to. Like reliability, validity in this sense is an idea drawn from the positivist logical convention and necessities particular understanding and utilization with regards to qualitative research.  

8 0
3 years ago
What are the six characteristics of money? explain how the u.s. dollar has those six characteristics?
Leya [2.2K]
1. durability- objects used as money must withstand physical and tear
2. portability- people need to be able to take money with them as they go about their business
3.divisibility-to be useful, money must be easily divided into into smaller denominations, or units of value
4.uniformity- any two units of money must be uniform or the same in the terms of what they will buy.
5.limited supply- money must be available only in limited quantities
6.acceptability- Everyone must be able to exchange the money for goods and services
5 0
3 years ago
Vernon is a cash basis taxpayer with a calendar tax year. on october 1, 2016, vernon entered into a lease to rent a building for
tester [92]

Answer:

$9,000

Explanation:

Vernon can only deduct the actual lease expenses incurred during 2016, and that is only three months: October, November and December.

= 3 months x $3,000 per month = $9,000

This logic applies to every expense that is paid in advance, you can only deduct payments that apply for the current tax year.

8 0
3 years ago
Other questions:
  • Exercise 8-9 Colaw Stores accepts both its own and national credit cards. During the year, the following selected summary transa
    11·1 answer
  • Describe two types of organizational documents that can help you organize a job search. What is the purpose of each document? ne
    6·1 answer
  • How do scarce resources influence you personally? What impact does this have on your financial management?
    7·2 answers
  • The following selected transactions relate to cash collections for a firm that uses a cash register. Present entries to record t
    5·1 answer
  • Competitive priorities:
    9·1 answer
  • What is the present value of the benefits of owning that car, i.e., saving on rental expenses and selling the car
    12·1 answer
  • Perfect Plumbing Corporation currently manufactures a valve for use in water pumps that it produces for sale. The company is con
    8·1 answer
  • The principle of diminishing returns to capital states that if the amount of labor and other inputs employed is held constant, t
    8·1 answer
  • During the month of July, Clanton Industries issued a check in the amount of $767 to a supplier on account. The check did not cl
    13·1 answer
  • A. Following are the transactions of a new company called Pose-for-Pics.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!