1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
The average GDP per capita for the world is about _________ and approximately ______ of the world population lives below that nu
WITCHER [35]

Answer:

I'll go with option C

According world bank data the GDP per capita for the World as at 2018 is 17,912.368 ( current international $)

5 0
3 years ago
Recently, much of the western United States experienced a drought condition, and water usage was restricted in Denver. Yet, even
Paul [167]

Answer:

Price elasticity

Explanation:

Price elasticity  -

It refers to the extent to which the demand or desire for something alters with the fluctuation in the price , is referred to as price elasticity .

As if the price of some commodity goes up , people tends to not buy the thing any more and tries to finds it cheaper alternative .

And , as the price reduces , people tries to buy the specific goods and service .

Hence , from the given scenario of the question ,

The correct answer is price elasticity .

4 0
3 years ago
On January​ 1, 2018, Tyson Manufacturing Corporation purchased a machine for​ $40,000,000. Tyson's management expects to use the
enyata [817]

Answer:

$4,842,800.00

Explanation:

Units-of-production depreciation method calculates the amount to be deprecation depending on the asset usage for that period.

In this case, the total hours the asset is expected to work.

Cost of machine $ 40,000,000.00

Salvage value : $ 47,000.00

total hours machine should work: 33,000.00

Depreciable amount: = Cost price- salvage value

    =$40,000,000.00-$47,000.00

    =$39,953,000.00

Depreciation per hour= $39,953,000.00/33000

    =1,210.6969

    =1,210.70

Depreciation for 2018     =1210.7x4000

    =$4,842,800.00

5 0
3 years ago
Butler Corporation is considerIng the purchase of new equipment costing $81,000. The projected annual after-tax net income from
Dahasolnce [82]

Answer:

d. $(6,642)

Explanation:

The present value is the sum of after tax cash flows.

Present value can be calculated using a financial calculator

Cash flow in year 0 = $-81,000

Cash flow each year in year 1 to 3 = $27,000 + $2,900 = $29,900

I = 10%

Present value = $(6,642)

To find the PV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

6 0
2 years ago
__________________ represents the total benefits offered to consumers through a channel of distribut
bezimeni [28]
A retail value chain represents the total benefits offered to consumers through a channel of distribution
7 0
3 years ago
Other questions:
  • An investment firm recommends that a client invest in bonds rated​ AAA, A, and B. The average yield on AAA bonds is 4​%, on A bo
    14·1 answer
  • Compute the impact on the money multiplier of an increase in the currency-to-deposit ratio from 10 percent to 15 percent when th
    6·1 answer
  • From the 1970s through the 1990s, the relative price of a college education has increased greatly. During the same time period,
    7·1 answer
  • If a company adds a new product line to its existing​ portfolio, it has increased its___________.
    8·1 answer
  • Antonio and Dina are debating the use of student discounts by local theaters near school. Antonio argues, "When theaters offer d
    11·1 answer
  • Ginger Enterprises began the year with total assets of $500,000 and total liabilities of $250,000.
    15·1 answer
  • Managers and leaders perform many tasks as a result of their goals and objectives. Even though many tasks may be completed as a
    5·1 answer
  • On arriving at the elegant Chez Moulin for a catered dinner, the guests discover that a large plate, called a _______, will rema
    5·1 answer
  • It is important to gather as many accounting metrics as possible because they have intrinsic value and do not need a context in
    9·1 answer
  • Both interest bearing and noninterest bearing notes bear interest.<br> A. True<br> B. False
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!