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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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government regulation is the most important factor. B) commodity money, because it is valued more highly, tends to drive out pap
Alex73 [517]

Answer:

The question is not complete.

Here is the complete question:

In explaining the evolution of money, the text claims that

A) government regulation is the most important factor.

B) commodity money, because it is valued more highly, tends to drive out paper money.

C) new forms of money evolve to lower transaction costs.

D) all of the above are true.

Here is the answer:

C.new forms of money evolve to lower transaction costs.

Explanation:

Before the advert of money, transactions between individuals were based on exchange goods for goods, a system called trade by barter. The system of trade by barter permits individual who has a particular good but desire another to exchange the goods he has with another person who has the goods he desires.

However, this system has a major flaw: transaction costs were higher.

The system of trade by barter only works if the two people involved has complimentary possession of goods that the other wants and be able to locate each other. With this high transaction costs, exchange of goods was difficult to carry out.

On this background, money evolve to lower this transaction costs and make exchange of goods possible without the need to have what another person wants and the trouble of finding where they are.

4 0
2 years ago
Read 2 more answers
What happens to the price of a three-year annual coupon paying bond with an 8% coupon when interest rates change from 8% to 6.85
ruslelena [56]

Face Value of bond = $1000

Annual Coupon Payment = $1000*8%

= $80

No of years to maturity(n) = 3 years

When the Market Interest rate was 8%, the Price of the bond will be the same as the Par value which is $1000 because when the Coupon rate and Market Interest rate are the same the Bond sells at par Value.

So, At an 8% Interest rate price is $1000

- Interest rate(YTM) changed to 8.86%

Calculating the Price of Bond:-

Price = \frac{CouponPayment}{(1+YTM)^{1}}+\frac{CouponPayment}{(1+YTM)^{2}}+...+\frac{CouponPayment}{(1+YTM)^{n}}+\frac{FaceValue}{(1+YTM)^{n}}

Price = \frac{80}{(1+0.0886)^{1}}+\frac{80}{(1+0.0886)^{2}}+\frac{80}{(1+0.0886)^{3}}+\frac{1000}{(1+0.0886)^{3}}

Price =$203.008 + $775.166

Price = $978.17

So, when the Interest rate changed to 8.86% the price falls to $978.17

Change in Price due to increase in Interest rate = $978.17 - $1000

= -$21.83

Hence, the price decreased by $21.83

Learn more about interest here

brainly.com/question/2294792

#SPJ1

7 0
2 years ago
How does Apple advertise their Iphone 11 and become successful? It has to be a judgement on how successful they were.
crimeas [40]

Well, through commercials, but they were mainly successful because everyone (almost) knows and trusts Apple, so when the latest product is released, everyone flocks to it because it's new, cool, sleek, and awesome.

They also do partnerships with Verizon and Sprint or whatever.

3 0
2 years ago
Read 2 more answers
Yo-Down Inc. produces yogurt. Information related to the company’s yogurt production follows:
kap26 [50]

Answer:

Yo.Down Inc.

Determination of Support Department 1 costs to be allocated to each production department:

                                      Production        Production         Production

                                      Department 1    Department 2   Department 3

Support Department 1    $96,000            $6,000           $18,000

Explanation:

a) Cost allocation of Support Department 1:

1) Rate of allocation = Total Support Department 1's costs divided by the total of the cost drivers

= $120,000/2000 = $60 per cost driver

2) Production Department 1 = $60 x 1,600 = $96,000

Production Department 2 = $60 x 100 = $6,000

Production Department 3 = $60 x 300 = $18,000

3) The direct method is one of the three methods for allocating support or service department costs to the production departments in order to ensure the full inclusion of overhead costs in the production costs.  As the name goes, the costs of service departments are allocated to only production departments individually.  This method is not like the step method of cost allocation where the costs of service departments are allocated to other service departments, starting with the department with the highest costs, followed by the next, until all the costs of service departments are allocated to production.  However, no service department whose total costs have been allocated will be allocated any costs.  The last method of cost allocation is the reciprocal method, which is a more complicated method that produces more accurate results, by using equations to establish relationships between the departments.

3 0
2 years ago
Cushman Company had $846,000 in sales, sales discounts of $12,690, sales returns and allowances of $19,035, cost of goods sold o
Inessa [10]

Answer:

Explanation:

I'm pretty sure that gross profit is simply just sales-Cost of goods sold

846,000-401,850= 444,150

5 0
2 years ago
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