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
Citizens file income tax is to a sure that they will receive ?
anastassius [24]

Answer:

Down below

Explanation:

Citizens file income taxes to ensure that they will receive a if they paid too much in taxes throughout the year. Employers supply a to help citizens file their tax returns.

5 0
3 years ago
In a certain year, the aggregate amount demanded at the existing price level consists of $100 billion of consumption, $40 billio
valkas [14]

Answer:

The answer is: decrease government spending or increase tax rates.

Explanation:

Nominal GDP is currently $170 billions (= $100 billions + $40 billions + $20 billions + $10 billions).

Since full employment GDP = $120 billions, the nominal GDP is much higher ($170 billions > $120 billions). So the government must try to cool the economy and the two main ways it can do it is by reducing government spending or by raising taxes which will lower private consumption.

5 0
3 years ago
On January 1, 2017 the City of Graf pays $85,500 fora work of art to display in the local library. The city will take appropriat
Nookie1986 [14]

Answer:

Explanation:

The journal entries are shown below:

a. Artwork A/c Dr $85,500

        To Cash A/c                                       $85,500

(Being work is reported on the government-wide financial statements)

Depreciation Expense A/c Dr $5,700

        To Accumulated Depreciation A/c $5,700

(Being depreciation expense is recorded)

The depreciation expense is shown below:

= Original cost ÷ useful life

= $85,500 ÷ 15 years

= $5,700

b. Artwork expenditure A/c Dr  $85,500

           To Cash A/c  $85,500

(Being  work is reported on the fund financial statements

5 0
3 years ago
Suzanna was recently promoted to manager and is ready to start her first project with her new team. In order to develop trust an
ki77a [65]

After being recently promoted as a project manager for a new project with a new team, Suzanna must develop trust and establish the work rules by the way of interacting personally with her new team members.

<h3>Who is a project manager?</h3>

A person who is engaged or involved in planning, allocating and finishing a project for an organization, which is a part of the organizational goals, such a person is known as a project manager.

Hence, the significance of a project manager is aforementioned.

Learn more about a project manager here:

brainly.com/question/15610382

#SPJ1

5 0
2 years ago
A company with excess capacity must decide between scrapping or reworking units that do not pass inspection. The company has 13,
Anit [1.1K]

Answer:

Incremental income for Sale as scrap  is $36,400 and Rework is $46,200

Explanation:

                                                              Sale as scrap         Rework

Sales of reworked units (13000*8.2)                                  $106,000

Sales of scrap units (13000*2.8)            $36,400

Cost to rework units (13000*4.6)                                         ($59,800)

Opportunity cost of not making new units

Incremental income (loss)                      $36,400              $46,200

6 0
3 years ago
Other questions:
  • Explain how money (increased commerce) spent by tourists in the Macro Islands moves through the economy's circular flow diagram.
    10·1 answer
  • Harvey automobiles uses a standard part in the manufacture of several of its trucks. the cost of producing​ 90,000 parts is​ $13
    11·1 answer
  • Sunland’s Shop can make 1000 units of a necessary component with the following costs: Direct Materials $21000 Direct Labor 6000
    12·1 answer
  • Why do interest groups form political action committees (pacs)? pacs are formed to influence government policies. pacs are forme
    13·1 answer
  • Jerry Rice and Grain Stores has $4,430,000 in yearly sales. The firm earns 2 percent on each dollar of sales and turns over its
    15·1 answer
  • Among the tax proposals regularly considered by Congress is an additional tax on distilled liquors. The tax would not apply to b
    11·1 answer
  • Capricorn Creative Inc., a U.S.-based advertising firm, was the first in the advertising industry to identify the growth potenti
    15·1 answer
  • Jamie is single. In 2020, she reported $108,000 of taxable income, including a long-term capital gain of $5,800. What is her gro
    6·1 answer
  • XYZ Company had 200,000 shares of common stock outstanding on December 31, 2020. On July 1, 2021, XYZ issued an additional 44,00
    5·1 answer
  • What is another term for the part
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!