Answer:
Milque Corp.
FIFO will provide the highest net income when the price of inventory is increasing.
Explanation:
The Generally Accepted Accounting Principles recognize four main methods to compute Cost of Goods Sold and Ending Inventory for a period. They are:
First In, First Out (FIFO): This is based on the assumption that companies sell first the inventory that they bought first.
Last In, First Out (LIFO): This method assumes that companies sell first the inventory that they bought last.
Weighted Average Cost (WAC): This inventory method assumes that companies average the costs of inventory and how much they sell over the period by dividing the cost of goods available for sale by the total physical inventory units.
Specific Identification: This method does not make any assumptions. It directly identifies the product being sold and prepares costing calculations based on the specific inventory items.
Hey there,
Your question states: <span>Which of the following represents inbound logistics for a bookstore?
Based on my research, your correct answer would be </span>purchasing books from a publishing house. By purchasing books from a publishing house, this would represents inbound logistics for a bookstore.
Hope this helps.
~Jurgen
Answer:
The correct answer is letter "B": They are both forms of free money that you will not need to pay back after you graduate.
Explanation:
One of the biggest benefits of grants and scholarships while financing your college expenses is the fact that the amount of money provided for school is not repaid. Compared to college loans that have high-interest rates, <em>there will not be a debt after finishing school</em> with grants and scholarships.
Answer:
option (D) $138,000
Explanation:
Data provided in the question:
Purchasing cost of the machine = $126,000
Additional costs for this machine :
Shipping = $3,000
Installation = $4,000
Testing = $5,000
Now,
The cost of machine that should be reported
= Purchasing cost + Additional costs incurred
= $126,000 + $3,000 + $4,000 + $5,000
= $138,000
Hence,
The correct answer is option (D) $138,000
23% decrease.
We can do this by simply dividing 1,650,000 by 2,150,000. That would give us 0.7674. Multiply that by 100 and you have 76.74%.
However, this is the percent amount of how 1,650,000 is out of 2,150,000. So, we need to simply minus this answer by 100 to get 23.26, or 23%.
