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Savatey [412]
3 years ago
15

Hiller Company uses the FIFO method of inventory costing because it wants to maintain a high current ratio during periods of

Business
2 answers:
Charra [1.4K]3 years ago
7 0
This would most likely be inflationary conditions. This is used in order to come up with a higher profit and also a higher current ratio as compared to the LIFO method that would yield a lower current ratio and lower profit than FIFO, especially during conditions like these. 
Vilka [71]3 years ago
3 0

The answer is during the period of inventory valuation. It is the cost linked with an entity’s inventory at every end of the accounting period. The FIFO method means first in, first out technique which undertakes that the first product that was obtained are also the first ones to be retailed or sold.

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Jojo drives a truck for a living but is attending Ashford to earn a degree in business administration because what he really wan
bixtya [17]

Answer:

The correct answer is letter "A": Wait until he enters an area with an available wired network.

Explanation:

It is common that while driving on the road there might be some areas where internet connection can be lost because the antennas of the service provider our mobile lines work with are not nearby. Then, just like in Jojo's case, we should wait to enter into an area where there is enough signal so we can use our mobile internet as usual.

5 0
2 years ago
The net profit margin ratio can mathematically be broken down as:______.
Helga [31]

Answer:

d. Tax impact x Capital structure impact x EBIT / Sales

Explanation:

The net profit margin ratio could be computed by dividing the net income from the sales and the net income is come when the expenses are deducted from revenues

Also the capital structure is the combination of equity, preferred stock, debt.

So mainly it is broken into tax impact, capital structure impact and net profit margin ratio

Therefore the option d is correct

4 0
2 years ago
In some developing countries, children work in factories when they are 8 or 9 years old. The United States has strict child labo
Katena32 [7]

Answer:

b. They reflect the laws and regulations that affect social and economic behavior.

Explanation:

Morals are not universal and vary greatly depending on the underlying culture and religion. Even still in each civilization, there are many grey areas in the concept of morals. One thing that seems to be constant is that they reflect the laws and regulations that affect social and economic behavior. In this scenario, some developing countries believe that using children as a cheaper form of labor is fine since the children are getting paid and therefore, there are no laws prohibiting this action so people see it as morally correct. While other countries that see it as morally wrong have laws and regulations to prevent people from performing such actions. These laws and regulations are a form of dictating social and economic behavior by stating that it is morally wrong.

3 0
3 years ago
The fasb's conceptual framework classifies gains and losses based on whether they are related to an entity's major ongoing or ce
andre [41]

These gains and losses may be described or classified as either operating or nonoperating, depending on their relation to an entity's major ongoing or central operations.

<h3>What does Conceptual Framework say about profit and loss?</h3>
  • The Exposure Draft proposed that, because profit or loss is the primary source of information about an entity's financial performance for the period, the framework should include a presumption that all income and all expenses will be included in that statement.
  • The FASB's conceptual framework classifies gains and losses based on whether they are related to an entity's major ongoing or central operations.
  • Nonoperating are “other” gains and losses.

To learn more about Fasb gain and loss, refer

to brainly.com/question/24448358

#SPJ4

7 0
1 year ago
Many cities in southeast Michigan are struggling with financial problems due to current economic conditions. At the same time, s
asambeis [7]
The best and most correct answer among the choices provided by the question is the third choice. The direct result of the problems is that <span>less city workers to plow the streets causing an increase in the number of car accidents during the winter months. </span>I hope my answer has come to your help. God bless and have a nice day ahead!
3 0
2 years ago
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