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
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:

You might be interested in
It is said that in a perfectly competitive market, raising the price of a firm's product from the prevailing market price of $17
stich3 [128]

Answer:

could likely result in a notable loss of sales to competitors

Explanation:

In the case of the perfect competitive market wheen the price of the firm is increased from $179 to $199 as compared to the prevailing market price so this means that there should be the loss with respect to the sales for the competitors or rivalrs as this would result the firm to lose its overall shares to its rivalry

Therefore the above statement should be considered true

6 0
2 years ago
If the interest rate on a savings account is 0.018%, approximately how much money do you need to keep in this account for 1 year
d1i1m1o1n [39]
The answer to this question would be: <span>A. $55,555
</span>In this question, the interest rate is 0.018% and you need to have $9.99 interest. That mean, you need to divide the target interest value with the current interest rate. The equation should be:

interest = bank account * interest rate
$9.99 = bank account * 0.018%
bank account = $9.99/ 0.018%   (don't forget the % mean 1/100)
bank account = $55,500

If we assume that the $9.99 value is $9.99... then the answer would be $55,555
7 0
3 years ago
On December 1, Victoria Company signed a 90-day, 8% note payable, with a face value of $16,200. What amount of interest expense
elixir [45]

Answer: Interest expense=$108

Explanation:

Interest expense =Principal x Rate x Time ( Period)

Where

Principal = $16,200

Rate =, 8%

TIme ( Period ) =  From December 1st to 31`st = 30 days

Interest expense= P x R x T

= $16,200 X 0.08 X 30/360

=$108

The amount of interest expense accrued at December 31 on the note is $108

6 0
3 years ago
Stocks X and Y have the following data. Assuming the stock market is efficient and the stocks are in equilibrium, which of the f
Lapatulllka [165]

Answer:

B. One year from now, Stock X's price is expected to be higher than Stock Y's price.

Explanation:

Hope it helped...Please mark brainliest. Have a nice day!

7 0
3 years ago
Explain how a person who pursued a career in accounting could succeed as an entrepreneur.
rosijanka [135]

Answer:

own their own accounting business

4 0
3 years ago
Other questions:
  • What was the spot exchange rate of Canadian dollars for U.S. dollars (USD/CAD) on July 15, 2016? (Round your answer to 4 decimal
    6·1 answer
  • When stock prices declined during the great recession, it caused aggregate demand to decrease because?
    6·1 answer
  • The opportunity cost of producing a bicycle refers to Group of answer choices the marginal cost of the last bicycle produced. th
    15·1 answer
  • It is the ______ of accounting professionals to use professional and moral judgment while dealing with clients or organizations.
    5·1 answer
  • A 50 year old customer receives an inheritance of $1,000,000 which he places with an investment adviser to invest with the objec
    14·1 answer
  • XYZ Corporation has declared a rights offering to stockholders of record on Wednesday, November 15th. Under the offer, sharehold
    7·1 answer
  • Roger purchased a stock for $16 a share. The stock paid a $1 annual dividend and increased in price by $2 a year for the followi
    14·1 answer
  • Erin, the business administration department chair, observes a trend of increased enrollments in online college courses versus t
    9·1 answer
  • For example, the sticky-price theory asserts that the output prices of some goods and services adjust slowly to changes in the p
    10·1 answer
  • What does the net income tell the
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!