Which inventory method results in the highest net income during periods of falling prices?

Byron is interested in buying an antique vase for his grandmother's birthday. He visits an antique store and buys the first vase

Tresset [83]

Answer:

specialty

Explanation:

Specialty goods are goods with unique characteristics and brand identifications that will motivate a buyer to go to great length or special effort to acquire such a good. Specialty goods require high involvement as the buyer can show high level of brand loyalty to a product and pay a premium just to acquire the brand.

Byron does not visit another store to compare other vases because he already knows the unique characteristics he is looking for which he found in the first vase that he saw and bought. So he purchased a specialty good.

6 0

2 years ago

Neptune Inc. uses a standard cost system and has the following information for the most recent month, April: Actual direct labor

Naddik [55]

Answer:

$3,200 overapplied

Explanation:

The computation of the total underapplied or overapplied factory overhead is shown below:

Given that

Actual total factory overhead costs incurred is $45,400

Now Overhead applied to production

= (Total factory overhead application rate per standard DLH × Standard direct labor hours allowed)

= $2.70 × 18,000

= $48,600

As we can see that the overhead applied amount is more than the actual amount so the overhead cost would be overapplied i.e.

= $48,600 - $45,400

= $3,200 overapplied

8 0

3 years ago

A posthypnotic suggestion is made ________ a hypnosis session and intended to be carried out in the future when the subject is _

kvasek [131]

<span>A posthypnotic suggestion is made before a hypnosis session and intended to be carried out in the future when the subject has already been reawakened. The suggestion is usually carried out in response to a cue such as a snap or a clap.</span>

7 0

3 years ago

Hello everyone!, wyd

Lelechka [254]

Answer:

Oh nothing much just vibeing with my homies

Explanation:

3 0

2 years ago

Read 2 more answers

Grecian Tile Manufacturing of Athens, Georgia, borrows $1,500,000 at LIBOR plus a lending margin of 1.25 percent per annum on a

shtirl [24]

Answer: 92812.50

Explanation:

The following information can be derived from the question:

Loan principal = $1,500,000

LIBOR for 1st 6 months = 4.50%

LIBOR for last 6 months = 5.375%

Lending margin per annum = 1.25%

The interest will then be:

= 1,500,000 × [(4.50% + 1.25%)/2] + 1,500,000 × [(5.375% + 1.25%)/2]

= 1,500,000 × [(0.045 + 0.0125)/2] + 1,500,000 × [(0.05375 + 0.0125)/2]

= 92,812.50

Therefore, the interest is 92812.50.

8 0

2 years ago