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3 years ago

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

2 answers:

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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Enrico is having trouble telling the difference between the sound of a tuba and the sound of a piccolo. Even though a piccolo pr

Serggg [28]

Answer:

Pitch

Explanation:

Enrico has trouble differentiating between a tuba's sound and a piccolo's sound. Although a piccolo generates sound waves that are much briefer, quicker than a tuba, he has trouble tracking the variations in the pitch of such sounds.

For music, a note's pitch indicates the note's high or low. It is measured for physics in a Hertz unit. A note that vibrates at 261 Hz is induced by pulsing sound waves at 261 times per second.

3 0

3 years ago

Preparing a Cost of Goods Sold Budget

Art [367]

Answer:

Direct Materials $ 14*20,000 = $ 28000

Direct Labor $ 14*1.9* 20,000 = $ 532,000

Variable Overhead $ 14*1.9*1.2*20,000 = $ 638400

Fixed Overhead $ 14*1.9*1.8*20,000 = $957600

Total Manufacturing Cost $ = 2156000

Less: Ending Inventory $ 107.8*730 = 78649

Cost of Goods Sold $2077306

Working:

Total Manufacturing Cost $ per unit = 2156000/ 20,000= 107.8 $

Ending Inventory $ 107.8*730 = 78649

4 0

3 years ago

On its December 31, 2017, balance sheet, Calgary Industries reports equipment of $390,000 and accumulated depreciation of $78,00

ycow [4]

Answer:

For equipment = $430,000

For accumulated depreciation = $104,000

Explanation:

The solution of balances for equipment and accumulated depreciation is shown below:-

balances for equipment and accumulated depreciation

Particulars Equipment Accumulated depreciation

Beginning balance $390,000 $78,000

Add:

Addition $84,000 $32,000

Less:

Disposition ($44,000) ($6,000)

Balance $430,000 $104,000

7 0

3 years ago

A firm has an equity multiplier of 1.57, an unlevered cost of equity of 14 percent, a levered cost of equity of 15.6 percent, an

Elanso [62]

Answer:

10.45%

Explanation:

Calculation to determine the cost of debt

B/S = 1.57 − 1

B/S = .57

.156 = .14 + .57(1 −.21)(.14 − RB)

.156 = .14 + .57(.79)(.14 − RB)

RB = .1045*100

RB= 10.45%

Therefore the cost of debt is 10.45%

6 0

3 years ago

Sunny Corporation began the year with cash of $ 142 comma 000 and land that cost $ 47 comma 000. During the year Sunny earned se

Dmitry [639]

Answer:

How much net income (or net loss) did Sunny experience for the year?

Net loss 6000

Explanation:

Cash 142.000

Land 47.000

Revenue 285.000

Salaries 185.000

Rent 81.000

Utilities 25.000

Net loss -6.000

6 0

3 years ago