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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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What is technical profession?Give examples.

guapka [62]

Answer:

Technical profession is a highly skill based profession in which a practical knowledge is required.Example:engineering in civil,mechanical,computer e.t.c.

6 0

3 years ago

When the output of the collective farms and private plots were compared?

-Dominant- [34]

<span>The private plots were more productive
In collective farms, the land and the operations are mostly owned by the states.
This situation created lack of competition, which demotivates the farm's operators to increase the quality of the farms.
This will lead to private plots gaining more incentives to create a better output from their farms.</span>

5 0

3 years ago

A class-action suit against a utility company resulted in a settlement of $2 million for 70,000 customers. If the legal fees, wh

amm1812

Answer:

Each plantiff receives approximately $22.86

Explanation:

A class action lawsuit is one in which the plaintiff is a group of people, duly represented by a member of that group. In this case, the group of people is made up of 70,000 customers.

To calculate the amount each plaintiff receives, we will first subtract the legal fee from the total settlement, to obtain effective amount to be shared

Total settlement = $2,000,000

Legal Fees = $400,000

Therefore amount received all plaintiff = $2,000,000 - $400,000 = $1,600,000.

Next we will divide total amount to be shared by the number of plaintiff;

Amount each receives = $1,600,000 ÷ 70,000 = $22.857 = $22.86 (to 2 decimal places).

It is important that you know also that legal fees are amounts charge by lawyers on the settlement to be paid when filing a lawsuit. it is usually set as a certain percentage of the settlement amount to be paid.

6 0

3 years ago

A product manager is eager to develop a new product idea. To gain approval to do so, the product manager orders the research tea

vladimir1956 [14]

Answer:

The answer is b. Advocacy research

Explanation:

Advocacy research is carried out with the intention of providing evidence and arguments that can be used to support a particular cause or position.

8 0

3 years ago

There are two main ways to measure social inequality, they are: Inequality of conditions refers to the unequal distribution of i

butalik [34]

Answer:

True.

Explanation:

Social inequality can be defined as an existence of unequal rewards and opportunities for different social status or classes within a group of people in a society.

Generally, social inequality is peculiar to a society that is grouped based on race, hierarchy of class, religion, culture and gender. A social inequality is characterized by unequal distribution of wealth, punishment, rewards, opportunities and goods or services to the various classes.

There are two main ways to measure social inequality, they are:

1. Inequality of conditions: refers to the unequal distribution of income, wealth, and material goods.

2. Inequality of opportunities: refers to the unequal distribution of life chances across individuals.

4 0

3 years ago