FIFO uses the cost for cost of goods sold on the income statement and the cost for inventory on the balance sheet. newest; newest newest; oldest oldest; oldest oldest; newest
Answers
FIFO uses the oldest cost for cost of goods sold on the income statement and the newest cost for inventory on the balance sheet.
What is FIFO?
First In, First Out, sometimes known as FIFO, is a strategy of managing assets and valuing them that prioritizes the sale, use, or disposal of assets that were produced or acquired first.
For taxation purposes, FIFO presumes that the cost of items sold on the income statement includes the assets with the oldest expenses (COGS). The assets in the inventory that are still available are compared to those that were just bought or made.
For the purposes of cost flow assumptions, the FIFO technique is employed. The associated costs for a product must be recorded as an expense in manufacturing as it moves through subsequent phases of development and is sold.
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Related Questions
if ann transfers her rights to receive payment owed to her by carrie, ann has agreed to which of the following? a. obligation b. assignment c. delegation d. novation
Answers
Ann has consented to delegation if she transfers her right to collect payment owing to her by carry.
The meaning of paymentPayment refers to the exchange of cash, products, or services for items & services in an amount that is mutually agreeable and has been prearranged. Cash, checks, wire transfers, credit cards, debit cards, and even cryptocurrencies can be used to make payments. Recognizing Payment.
What does a banking payment mean?Any method used to pay for financial transactions through to the exchange of money is referred to as a payment system. This encompasses the organizations, tools, people, guidelines, processes, norms, and tools that enable its interchange.
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What could the central bank do to lessen the effect of the
depreciating rand?
a.
decrease the domestic interest rate
b.
supply less USD to the market
c.
supply more USD to the market
d.
supply more ZA
Answers
To lessen the effect of the depreciating rand, the central bank could opt to supply more USD to the market (option c). By increasing the supply of USD, the central bank can help stabilize the exchange rate and reduce the rate at which the rand is depreciating.
The central bank could supply more USD to the market to lessen the effect of the depreciating rand. This would increase the supply of dollars and potentially decrease their value in relation to the rand, making imports cheaper and exports more expensive. Decreasing the domestic interest rate could also help stimulate economic growth, but it may not directly address the issue of the depreciating rand. Supplying less USD to the market or supplying more ZA may not have a significant impact on the exchange rate.
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free hhahahahahhaha ok just for yalll
Answers
Answer:
why?
Explanation:
Answer:
nice thanks mark me brainiest
Explanation:
What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Answers
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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Why do you think a higher percentage of those over 35 years old invest in the market compared to those under 35? Help please!
Answers
Answer:
Yes I think those over 35 invest in a market compared to people not 35, because they been though school, and have more experience in the market company.
Explanation:
Question 3 of 10
How do exchange rates affect a country's ability to trade with its neighbors?
A. By preventing the country from trading with a large number of
different partners
B. By setting limits on the amount of goods the country can legally
import and export
C. By encouraging the country to trade only with countries that have
developed economies
O D. By determining how much the country's currency is worth when
importing goods
Answers
Answer:
O D. By determining how much the country's currency is worth when
importing goods
Explanation:
When importing goods, one has to convert their local currency to the currency of the country they are buying from. The price of imported goods is affected by the exchange rates between the currencies of the importer and exporter.
Converting to the importer's currency entails using the local currency to buy the foreign currency. Each currency is either strong or weaker in comparison to another. If a country's currency is weaker compared to others, its citizens will use more of their local currencies when importing. They might not be able to import as much as they wish because their currency is weak, which makes imports expensive.
Answer:
D. By determining how much the country's currency is worth when
importing goods
Explanation:
Just got it right!
A semester consists of half the year (18 weeks) and is worth .5 (1/2)
credit. *
True
False
Answers
according to hans selye, which statement about stress is most accurate?
Answers
According to Hans Selye, stress is a non-specific response of the body to any demand or challenge placed upon it.
In other words, stress is a physiological and psychological response that occurs in the body in response to a stressor, or a trigger that causes stress. Selye believed that stress is a normal and inevitable part of life, and that it can be both positive and negative.
Positive stress, or eustress, can be beneficial and help us to achieve our goals, while negative stress, or distress, can be harmful and lead to physical and mental health problems. Therefore, the most accurate statement about stress according to Hans Selye is that it is a non-specific response of the body to any demand or challenge placed upon it.
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* I ONLY HAVE AN HOUR LEFT*
The relationship between the level of spending and the income earned is :
A)Positive
B)Negative
Answers
Answer:
Positive.
Explanation:
The relationship between the level of spending and the income earned is positive. This implies that there is a relationship in which both indicators run in parallel, so that if income rises, the level of expenses will also tend to rise; While if income falls, the same will necessarily happen with the level of spending.
This occurs for a logical question: the greater the amount of money earned by a person, the greater the amount of money available to him to spend on different goods and services; and vice versa.
Which of the following is NOT one of the simplifying assumptions made for the three
main methods of capital budgeting?
A) The firm pays out all earnings as dividends.
B) The project has average risk.
C) Corporate taxes are the only market imperfection.
D) The firm's debt-equity ratio is constant.
Answers
The simplifying assumptions made for the three main methods of capital budgeting, which are the Payback Period, Net Present Value (NPV), and Internal Rate of Return (IRR), are crucial for streamlining the analysis. The correct answer is C) Corporate taxes are the only market imperfection.
These assumptions help make the evaluation process more manageable and facilitate comparison between different investment opportunities. However, not all of the assumptions listed are applicable to capital budgeting.
A) The firm pays out all earnings as dividends: This assumption is not typically made in capital budgeting. The decision to pay out earnings as dividends is a separate financial management decision and does not directly impact the evaluation of investment projects.
B) The project has average risk: Assumptions about risk levels are commonly made in capital budgeting. Typically, an average or representative risk level is assumed to simplify the analysis. However, the specific risk associated with each project should be considered during the evaluation.
C) Corporate taxes are the only market imperfection: This assumption is not accurate as there can be various market imperfections affecting capital budgeting decisions. Factors like inflation, market competition, regulatory changes, and interest rate fluctuations are some examples of market imperfections that can impact investment analysis.
D) The firm's debt-equity ratio is constant: This is another assumption often made in capital budgeting. Assuming a constant debt-equity ratio simplifies the analysis by assuming a stable capital structure throughout the life of the project. In reality, the firm's debt-equity ratio may change over time due to various factors.
It's important to note that while these simplifying assumptions are useful for analysis, it is essential to consider the specific characteristics and circumstances of each investment project when making capital budgeting decisions.
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which is the largest source of tax revenue in the united states?
Answers
Answer:
Individual income taxes.
Explanation:
This has been the largest single source of federal revenue since 1950.
the focus of early stages new venture development is to
Early-stage is a term used to characterize a startup business venture. It generally concerns the phase of startup development generally preceding the rapid growth phase. The early stage is characterized by activities such as research development marketing research and product business development.
Answers
At first look, it may appear impossible to categorise the issues and trends in small business growth in a way that is useful to entrepreneurs.
What phase of a fresh venture is it in?An early-stage business initiative is one that is just getting started. It usually relates to the startup development stage that comes before the quick expansion stage. Research development, marketing research, and product business development are examples of early stage activities.
What is the name of the phase where an entrepreneur decides on the future expansion and advances of a venture?Harvesting: The final stage of this process is harvesting, during which an entrepreneur decides how the business will expand and develop in the future.
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Which basic economic goals would be achieved easily in a traditional economy and which goals would be difficult to achieve? Explain by connecting traditional economy characteristics with the economic goals.
Answers
Answer:Needs are met and wants cannot be met.
Explanation:
This capability enables workers to access an organization's network from a remote location.
firewall
VPN
protocol
NIC
Answers
Answer:
The answer is VPN (Virtual Private Network)
Explanation:
A lot of businesses use VPNs to establish a secure connection between their network and the devices used by remote workers (or just anyone in a remote location). Once connected to a VPN, employees can access the resources on the network as if they were at the office themselves.
It's thought of as a virtual tunnel. While the "tunnel" goes through the public internet, any data sent back and forth is protected by encryption.
What happens when the price of a good increases? The quantity of goods that are produced increases. The producer of the good is certain to make less money. The quantity of goods that are produced decreases. The quantity of goods that are produced stays about the same.
Answers
Answer:
Quantity of goods that are produced an increase
Explanation:
Looking at a Supply/Demand chart, you can see as Prices increases, supplier are willing to produce more. The lower the price, the fewer producers are willing to produce. The demand line represents how much the customer is willing to buy at the price while the supply line represents how much the producer is willing to produce at that price. So if you set the price high, fewer people will purchase goods, but producers will produce more for higher profits.
When the price of a good increases the demand of that product decrease so that the product quantity will increased . Hence option A is correct.
What is Demand and Supply ?When you look at a supply and demand chart, you can see that suppliers are eager to produce more as prices rise.
Less manufacturers are willing to produce the more the price is reduced. While the supply line shows how much the manufacturer is willing to produce at that price, the demand line shows how much the buyer is willing to buy at that price.
Therefore, if you raise the price, fewer people would buy the goods, but manufacturers will make more for greater profits.
While other factors remain constant, if a good's price increases, fewer people will buy it. The quantity requested of a good rises when the price of that good decreases.
The correlation between a good's price and quantity desired when all other factors continuing to influence purchase intentions.
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George
b. smith, president of forecasters inc., reported that the correlation coefficient between investment in the textile industry and the average temperature in minnesota during january is -0.60. does the sign of the correlation make sense to you? explain your reasoning.
Answers
Answer: Yes, because negative correlation coefficient implies there is negative correlation between quantities.
Explanation:
Correlation is a term we use to define the strength and direction of relation ship between two variables.
Negative correlation coefficient means there is a negative correlation between the variables , that is if one increases the other decreases.
Here, variables are : " investment in the textile" and "average temperature in Minnesota during January "
So -0.60 defines that there is negative correlation between the investment in the textile and the average temperature in Minnesota during January.
all of the following are aspects of commerical agriculture except:
a. a heavy reliance on machinery
b. the product is consumed off the farm
c. there is little relationship to other businesses
d. a small percentage of the workforce is engaged directly in agriculture
e. the average size of farms is hundreds of acres
Answers
c. There is little relationship to other businesses. Commercial agriculture is an agricultural system that uses advanced technologies to produce crops and livestock in large quantities for sale.
There are many aspects of commercial agriculture, including a heavy reliance on machinery, the sale of products off the farm, the use of chemical fertilizers and pesticides, and more. However, one of the options listed is not an aspect of commercial agriculture. The answer to the question is c. there is little relationship to other businesses.
It is the correct statement because commercial agriculture is closely linked to other businesses such as food processing, packaging, transportation, and marketing. The relationship between agriculture and other businesses is essential to the success of commercial agriculture as these businesses help to process, distribute and market the products of commercial agriculture to consumers.
Commercial agriculture is characterized by a small percentage of the workforce engaged directly in agriculture, an average farm size of hundreds of acres, and the use of advanced technologies to increase production yields.
This type of agriculture is widely used in developed countries and plays a significant role in feeding the growing population. The answer to the question is c. there is little relationship to other businesses. The statement is not an aspect of commercial agriculture.
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The visual workplace uses? a. low-cost braille devices. b. low-cost visual devices. c. high-cost visual devices. d. high-cost braille devices.
Answers
The visual workplace uses low-cost visual devices.
The use of low-cost visual devices is preferred in a visual workplace because they offer cost-effective solutions while still effectively conveying information. Examples of low-cost visual devices include signs, labels, color-coded markers, floor markings, and visual boards. These devices can be easily implemented and updated as needed, without requiring significant financial investments.
The visual workplace refers to a concept in which visual aids and cues are used to improve communication, organization, and efficiency in a work environment. These visual devices are designed to provide clear and concise information to employees, reducing errors, improving productivity, and enhancing safety.
On the other hand, high-cost visual devices, such as sophisticated digital displays or complex technological systems, may not be necessary for every workplace. While they may offer advanced features and functionalities, they are not always required to create an effective visual workplace.
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Bill is a retired military officer suffering from complications caused by Agent Orange exposure during his military service. He incurs $54, 510 in medical expenses during hospitalization at the local Veterans Administration Hospital. The private health insurance he now owns will likely pay:
Answers
Answer: nothing
Explanation:
Military officers are usually entitled to group life insurance which is covered by a comprehensive healthcare plan.
In this case, since Bill is a retired military officer that's suffering from complications that was caused by Agent Orange exposure during his military service, then the private insurance he owns will pay nothing because the complications were gotten during his military work me should be taken care of by the government.
on a statement of cash flows for a pizza restaurant, the cash flows from investment activities section would include:
Answers
on a statement of cash flows for a pizza restaurant, the cash flows from investment activities section would include the brick oven stove used to cook the pizzas.
What is cash flows?Cash flow refers to the net change in cash and cash equivalents coming into and leaving a business. Inflows and outflows are represented by money received and spent, accordingly.
Cash flow from operations includes expenditures made as part of daily activities. These cash outflows include things like payroll, the price of goods sold, rent, and utility costs, to name a few. Cash outflows for businesses may vary significantly if their operations are highly seasonal.
Thus, brick oven stove used to cook the pizzas.
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If a 20% increase results in a price of $6.36, what was the price before?
Answers
Answer:
$5.09 cents
Explanation:
Given the following question:
20% of 6.36
In order to find the answer, we will calculate using the formula for percentages then subtract that answer from the initial amount to have our answer.
\(\frac{p\times n}{100}\)
\(\frac{20\times6.36}{100}=20\times6.36=127.2\div100=1.272\)
\(=1.272\)
Round:
\(1.272\)
\(2 < 5\)
\(1.27\)
Now subtract:
\(6.36-1.27=5.09\)
\(=5.09\)
After a 20% decrease the price is now "$5.09 cents." Which means this was the price before the 20% increase.
Hope this helps.
Attitude is your belief in your own effectiveness.
Т
F
Answers
Answer:
f
Explanation:
this mf emmanuel made me get it wrong. its false bro trust
In 2 or 3 sentences, explain how these concepts relate to the essential question: "When is more of a good thing too
much?".
Answers
A good or useful product or action can be detrimental or excessive in excess amounts. For instance, Although the exterior Santa, sled, reindeer, and gnomes are nice, the indoor lights are far too much of a good thing.
How much of an excess is a good thing?If something is too much of a good thing, it stops being beneficial or enjoyable and instead becomes overwhelming or detrimental. The subject at hand would be beneficial or enjoyable in tiny doses, but destructive or burdensome in big ones. One mango, for instance, is both tasty and healthy. But there is such a thing as too much good. Even healthy things have the possibility of causing harm.
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What is “money” and why does it
exist?
Answers
Answer:
Money is a common unit to measure all the goods and services. Also, it acts as a store of value. A farmer who uses perishable items to buy other goods cannot store it and use it in future.
If I am wrong please correct me.
Answer:
Money is an item that is given a specific value by a governmental body. It exists to make trade easier and more convenient, as you can sell an item for money then use that money to get something you want-- much more convenient than bartering between two different goods. Money means that things have a universal value, instead of being worth 200 apples, or a car tire because the merchant needs one right now.
What safety device should be worn when there is danger of fragments being thrown?
Answers
Answer:
gloves i think
Explanation:
Chapter 2 Mastery Problem
The T –
Hassan Rahim won a concession to rent bicycles in the local park during the summer. During the month of June, Hassan completed the following transactions for his bicycle rental business:
Chart of Accounts
Cash
Hassan Rahim Capital
Accounts Receivable
Hassan Rahim, Withdrawals
Supplies
Rental Income
Shed
Wages Expense
Bicycles
Maintenance Expense
Accounts Payable
Repair Expense
Concession Fee Expense
June
2
Began business by placing $7,200 in a business checking account.
3
Purchased supplies on account, $150
4
Purchased 10 Bicycles for $2,500, paying $1,200 down and agreeing to pay the rest in thirty days.
5
Purchased for cash a small shed to hold the bicycles and to use for other operations, $2,900
6
Paid cash for shipping and installation costs (considered as an addition to the cost of the shed) to place the shed at the park entrance, $400.
8
Received cash of $470 for rentals during the first week of operation.
13
Hired a part-time assistant to help out on weekends at $7.50 per hour
14
Paid a maintenance person to clean the grounds, $75.
15
Received cash, $500, for rentals during the second week of operation.
16
Paid the assistant for a weekend’s work, $150.
20
Paid for the supplies purchased on June 3, $150.
21
Paid repair bill on bicycles, $55.
22
Received cash for rentals during the third week of operation, $550.
23
Paid the assistant for a weekend’s work, $150.
26
Billed a company for bicycle rentals for an employee outing, $110
27
Paid the fee for June to the Park District for the right to the bicycle concession, $100.
28
Received cash for rentals during the week, $410.
29
Paid the assistant for a weekend’s work, $150.
30
Transferred $500 to personal checking account.
Answers
Answer:
27.
Explanation:
To foster collaboration, rather than competition, as part of a team, members should have a genuine interest in achieving team goals rather than individual recognition, contribute ideas and feedback unselfishly, and ________.
Answers
To foster collaboration rather than competition, members should selflessly contribute ideas and feedback and monitor the team's progress, including what is going right and what is going wrong.
Collaboration is essential in the workplace as it generates:
IntegrationMotivationProductivitySatisfactionInnovationTherefore, monitoring the team's progress is essential for problem resolution and continuous improvement.
The increase in collaboration is capable of generating greater competitiveness and positioning for a company in its operating market.
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Case Study #1
Dan is a 40 year-old with Spina-Bifida and inability to walk. He uses a wheelchair for mobility. He is unable to transfer from his chair and requires personal assistance for dressing, using the toilet and transferring from his chair. He has attempted to work several times, but has not held jobs due to a number of factors- transportation, time demands for dressing, eating and being transported to work. He currently is in a volunteer job with the sheriff's office doing routine filing and other clerical tasks. He has average intelligence, but lacks confidence due to low self-esteem, which has been reinforced, by his lack of success in employment.
1. Is he eligible for DVR services?
2. Is he eligible for Supported Employment?
3. Develop an outline for an IPE to address Dan's employment related needs.
4. List the extended ongoing support services he will need to maintain employment.
Answers
1. Is he eligible for DVR services?
Yes, Dan is eligible for DVR services. DVR stands for Disability and Rehabilitation Services. It is a federal program that provides employment-related services to people with disabilities. Dan's disability, Spina Bifida, would qualify him for DVR services.
2. Is he eligible for Supported Employment?
Yes, Dan is eligible for Supported Employment. Supported Employment is a type of DVR service that provides ongoing support to people with disabilities who are trying to find and keep jobs. Dan's need for personal assistance and transportation would make him a good candidate for Supported Employment.
3. Develop an outline for an IPE to address Dan's employment related needs.
An IPE is an Individualized Plan for Employment. It is a document that outlines the employment-related goals and services that a person with a disability will receive. An IPE for Dan would include the following:
Goals: The IPE would identify Dan's employment goals, such as finding a job, getting promoted, or starting his own business.
Services: The IPE would list the services that Dan would need to achieve his goals, such as job training, job placement, or transportation assistance.
Timeline: The IPE would set a timeline for achieving Dan's goals.
Evaluation: The IPE would include a plan for evaluating Dan's progress and making adjustments to the plan as needed.
4. List the extended ongoing support services he will need to maintain employment.
The extended ongoing support services that Dan will need to maintain employment include:
Personal assistance: Dan will need personal assistance to help him with dressing, using the toilet, and transferring from his chair.
Transportation: Dan will need transportation to and from work.
Flexible work schedule: Dan may need a flexible work schedule to accommodate his personal assistance needs.
Ongoing training: Dan may need ongoing training to keep his skills up-to-date.
Support from his employer: Dan will need support from his employer to be successful in his job. This may include providing him with a workspace that is accessible to his wheelchair and making sure that his co-workers are aware of his disability.
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Compose two paragraphs that predict the impact this tax cut and increased funding for unemployment insurance will have on the following: the economy as a whole individuals other government programs the government debt Be sure to justify your predictions, use proper grammar, and include topic sentences, an introduction, a conclusion, and information from the video.
Answers
Answer:
Extending the cut to payroll taxes will have a positive impact on the economy as a whole. With the continued decrease in the tax rate, people will have more money to spend more on goods and services. This will encourage businesses to hire more workers and will reduce unemployment. The economy will experience a boost, and recovery will take place. This tax cut will add an extra $40 to the average paycheck. People might use the extra income for rent, groceries, or gas.
Increased funding for unemployment insurance will ensure that eligible unemployed individuals will continue to get unemployment compensation. The extended unemployment compensation will lead to more production in the economy, which will help reduce government debt. An increase in production will lead to an increase in employment and output. When production increases, individuals’ incomes also increase, so the government will collect more income taxes to fund repayment of its debt.
Explanation:
PLATO
Answer:
The tax cut and the increased funding of unemployment insurance will benefit the economy as a whole. As unemployment rise, fewer people are going to have money to buy goods therefore, businesses will have less money to hire workers. This will not be fixed if there weren't any unemployment insurance. With unemployment money, people are going to buy more and the economy will boost. This not only benefits individuals but the economy as a whole. However, this may increase government debt and may have decrease funding to other government programs.
Explanation:
This is not from plato or edmentum. I typed it myself
3. Describe through the use of T accounts the birth & growth of the Wahoo Bank
Answers
Answer:
Describe through the use of T accounts the birth & growth of the Wahoo Bank is explained below in detailed explanation.
Explanation:
Equipoise T-accounts is one of the more complex and mind gobbling something for many accounting scholars. In this lesson, we're going to discover specifically how to balance a T-account. Surely, by the time you've completed this exercise, this action will be more relaxed for you than ever since. The last portion of the T-account that we require to meet is its amount. An account’s amount is the value of that object at a precise point in time.
In a T-account, we determine the balance of the matter at the origin of the term (month or year) and the conclusion of the period.