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nignag [31]
2 years ago
7

When inventory increases, which costing method generally results in higher net income?.

Business
1 answer:
likoan [24]2 years ago
3 0

Answer: Income is higher under absorption costing by $15,000. This is consistent with a general rule of thumb: Increases in inventory cause income to be higher under absorption costing than under variable costing, and vice versa.

Explanation:

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Ganus Products, Inc., has a Relay Division that manufactures and sells a number of products, including a standard relay that cou
Marianna [84]

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8 0
3 years ago
James negligently misrepresented that a baseball card was a highly collectible and rare card. He did not mean to deceive the buy
Neko [114]

Answer:

Compensation for damages

Explanation:

James negligently misrepresented that a baseball card was a highly collectible and rare card. He did not mean to deceive the buyer of the card, but the court found that he was negligent. Therefore, the buyer will receive: Compensation for damages.

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8 0
3 years ago
What entry would blue make to record the sale of the machine for $30,250 cash?
nirvana33 [79]
An increase in cash would definitely placed in debit because it considered an asset and we need to place the increase of sales on the credit side.
So, in this case, the entry would be

Cash       $ 30,250
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6 0
3 years ago
in 2001 an outbreak of hoof-and-mouth disease in europe led to the burning of millions of cattle carcasses. discuss the demand a
denis23 [38]

Answer:

High demand

Low supply

High prices

Explanation:

The demand and supply of products, goods and services is heavily dependent on several factors ranging from economic, health and social factors. Disease and viral outbreaks have devastating effects on the market forces of demand and supply which in most cases will impact the market negatively with characteristically high prices and scarcity of products. The mouth and hoof outbreak in Europe was one which impacted the economy including farmers, leather and hides workers and all whose businesses and sustainability depends on cattles and its products. Due to the contagious nature of the disease and the ease at which it could spread if curtailment isn't effected on time, millions of cattles were slaughtered on sighting the symptoms and it's products including skins are burnt leading to losses in billions on the path of cattle rearers, shortage of lather, hides and skins, restriction in international product trade in other to avoid its spread to other parts of the world. These resulted in low supply and high demand of cattles and its products including leather goods meaning High prices for little available.

8 0
3 years ago
A supermarket manager notices that there are 20 customers at the checkouts and also knows that arrivals to the checkout at that
rusak2 [61]

Answer:

On an average customers are spending 10 minutes in the queue.

Explanation:

Please see attachment

4 0
3 years ago
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