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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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If the market rate of interest is 6 percent, what is the present discounted value of $1,000 that will be paid in

Pachacha [2.7K]

The formula for percent discount value after n years at the rate r is given by
pdv=fv/(1+r)^n
where fv is the fixed value
here only fixed value is given to us so we will calculate the discounted value for coming 10 years
after
year 1=943.4
2=890
3=839.62
4=739.09
5=747.26
6=704.96
7=665.06
8=627.41
9=591.90
10=558.39

6 0

3 years ago

Buscando amistad audio read the ads for pen pals. then listen to the four recorded personal ads. write the name of the person wh

Vinvika [58]

Answer:

idk

Explanation:

7 0

3 years ago

The Millennials or Gen Ys, along with their younger counterparts, the iGeneration, are "digital natives" who grew up in technolo

choli [55]

Answer:

Generational Cohort

Explanation:

Generational Cohort is the theory, that suggest or states that the several or multiple generations were distinguished grounded on the particular time periods into which the people or an individual were born and the time periods they grew up.

In short, it is defined as the groups of people who were born during a particular time or at the same time. So, the digital natives who grew up in the environment which is technology enriched are known as the generational cohorts.

7 0

3 years ago

PA5.

daser333 [38]

Answer:

Using weighted average method

Statement of equivalent units

Material Conversion

Units Units

Units transferred out 19,000 19,000

Add: Closing work-in-progress 6,000 1,800

Average divisor  25,000  20,800

Computation of cost per unit

Material Conversion

$ $

Cost of beginning work-in-progress 10,000 19,000

Cost added 50,000 112,248

Total cost  60,000  131,248

Material cost per unit = $60,000

25,000 units

= $2.40 per unit

Conversion cost per unit = $131,248

20,800 units

= $6.31 per unit

Value of units transferred out

Material = 19,000 x $2.40 = $45,600

Conversion = 19,000 x $6.31 = $119,890

Value of closing work-in-progress

Material = 6,000 x $2.40 = $14,400

Conversion = 1,800 x $6.31 = 11,358

Explanation:

In this case, we need to prepare statement of equivalent units in order to ascertain the average divisor. The average divisor is the sum of units transferred out and closing work-in-progress. Then, we will obtain the total cost of material and conversion, which is the aggregate of cost of opening work-in-progress and cost of units added. We will also calculate the cost per unit, which is total cost of material and conversion divided by average divisor. Finally, the units transferred and ending work-in-progress will be valued at unit cost of material and conversion.

8 0

3 years ago

Mara and Jade are part of a team at Citrus Inc. The team has an eight-hour work shift, and the team members have to report to th

DENIUS [597]

Answer:

This team is an example of a traditional work group.

Explanation:

Traditional teams, also known as conventional consist of individuals working in physical proximity.

8 0

3 years ago