Differentiate between the two common selling methods of LIFO and FIFO

Answers

Answer 1

Answer:

see below

Explanation:

LIFO and FIFO are methods applied to calculate the cost of goods sold.

FIFO stands for First In, First Out.  This method assumes that the oldest inventory in the company stores is sold first. Inventory means finished goods, work-in-progress, raw material, or purchased goods.

LIFO stands for Last in, First out. Under this valuation methods, the assumption is that the most recent inventory will sell first. Inventory will be valued using the costs of the last unit to arrive.


Related Questions

The mean number of errors per page made by a member of the word processing pool for a large company is thought to be 1.8 with the number of errors distributed according to a Poisson distribution. If a page is​ examined, what is the probability that more than two errors will be​ observed?

Answers

Answer:

The probability will be "0.26938".

Explanation:

The given value is:

Mean

[tex]\mu = 1.8[/tex]

By using Poisson probability formula, we get

⇒  [tex]P(X = x) = \frac{ (e-\mu\times \mu x )}{x!}[/tex]

⇒  [tex]P(X > 2) = 1 - P(X \leq 2)[/tex]

⇒  [tex]1 - (P(X = 0) + P(X = 1) + P(X = 2))[/tex]

⇒  [tex]1 - (e-1.8 * 1.80) / 0! + e-1.8 * 1.81) / 1! + e-1.8 * 1.82) / 2! )[/tex]

⇒  [tex]1 - 0.73062[/tex]

⇒  [tex]0.26938[/tex]

Which option identifies the concept represented in the following scenario?

In 1978, the Florida vegetable industry filed a complaint against Mexican farmers for underpricing their produce in the U.S. market.

monocropping
quotas
dumping
sustainability

Answers

Answer:

dumping

Explanation:

Dumping in international trade refers to exporting goods to another country at a lower price than in the domestic market. A company or country involved in dumping may sell goods in a foreign country below the production cost. The objective is to gain market penetration and acquire a sizable market share in the targeted country.

Dumping enables customers in the importing country to buy goods at a lower price. However, it may kill local industries leading to the closure of businesses and layoffs.

NEED HELP AS SOON AS POSSIBLE

Answers

Answer:it is 10,000

Explanation:

Answer:

Q1: Total assets= 25,200

Q2: Total liabilities = 16,500

Explanation:

Q1: Add all your assets to get total assets

Q2: Add all your liabilities to get total liabilities

Q3: Your net worth, quite simply, is the dollar amount of your assets minus all your debts. You can calculate your net worth by subtracting your liabilities (debts) from your assets. If your assets exceed your liabilities, you will have a positive net worth. Conversely, if your liabilities are greater than your assets, you will have a negative net worth.

25, 200-16,500=+8700

Can someone tell me if it’s correct, and which one is wrong

Answers

Answer:

Yes,they are correct.

Explanation:

they are all correct! good job

What is the difference between incarceration and probation?
A. Incarceration is only for federal level punishment.
B. Incarceration involves jail time, while probation does not.
C. Incarceration is a longer period of time than probation.
D. With incarceration, the crime was more serious than with
probation

Answers

Answer:

B. Incarceration involves jail time, while probation does not.

Explanation:

The defendant pleads guilty and is given probation instead of incarceration. Probation reduces recidivism or the likelihood to recommit a crime.

Answer:

Incarceration involves jail time, while probation does not.

Explanation:

Louis needs to make an investment that will double in 5 years. Which interest rate, compounded annually, is the
lowest rate that will allow for this to happen?
A 4.4%
B. 7.2%
C. 14.4%
D. 16.6%

C is the correct answer
Just took test

Answers

Cccccccccccccccccccc

Kendra needs to organize information about last year's sales. She wants to calculate how much revenue was generated and compare it to sales data from previous years. Which type of program will be the best for Kendra to use to help her achieve task

Answers

Answer:spreadsheet program - apex

Explanation:

Just took the test and failed that question

Can a company be good at corporate social responsibility but not be sustainability-oriented? Is it possible to focus on sustainability but not corporate social responsibility? Based on reading the Focus on Managerial Implications section, discuss how much CSR and sustainability are related and how much the concepts differ from each other.

Answers

Answer:

Sustainability is how long a business can last or strive in the market while going about their responsibilities. Corporate social responsibility is doing business in ways that are beneficial and not harmful to the society or environment.

An organization cannot be good at both if they cannot balance their responsibilities toward their workers, society or government.

A company can be involved in the production of good products at low cost and yet they are involved in wasting natural resources and emission of carbon. Such a company is not environmental friendly and is not socially responsible.

CSR and sustainability go together these days. The relationship here is that if a company is able to benefit the society and environment, then it would be able to get increased output, a positive image and quite a good number of customer base would want to patronize them for being socially responsible.

The difference between them is that CSR takes the welfare of all parties into consideration, the society and environment inclusive. While sustainability does not consider all factors.

Sustainability is how extended a business can survive or strive in the market while going about its responsibilities.

What is Corporate social responsibility?

Corporate social responsibility is doing business in ways that are restorative and not detrimental to the society or environment.

An organization cannot be exemplary at both if they cannot balance their obligations toward their workers, society, or government.

A company can be involved in the production of good products at a low cost and yet. When they are involved in wasting natural resources and also emission of carbon. Such a company is not environmentally friendly and also it is not socially responsible.      

CSR and sustainability go together these days.

The association here is that if a company can benefit the society and environment, then it would be able to get increased output, a positive picture and quite a good number of consumer base would want to patronize them for being socially responsible.

The distinction between them is that CSR considers the welfare of all parties, the society, and the atmosphere inclusive. While sustainability does not evaluate all factors.

Find more information about Corporate social responsibility here:

https://brainly.com/question/1373962

please help me quick :(​ (sorry meant to put chem not business)

Answers

Air is a mixture the rest aren’t

What does it mean to “authenticate” your payment? How do these payment systems authenticate?

Answers

Answer:

Payment authentication is the process of confirming a customer's identity through at least one of the following authentication factors: knowledge, inherence, ownership, and user location. Knowledge is the most common category used for transaction authentication.

Which of the following is a country which operates under a traditional economy?
O North Korea
O Cuba
O Ecuador
O Sweden

Answers

Answer:

Dont worry about me, I just added this answer so the other person can get their brainliest  because they definetly deserve it

Answer:

The answer is Ecuador :)

Marketing segmentation is the combining of several groups to create a larger target market for a company’s goods and services.

True or false

Answers

Answer:

false

Explanation:

Market segmentation entails dividing target customers into smaller groupings based on their common shared traits. Segmentation places customers into small manageable groups with similar characteristics such as age, gender, interest, occupation, and geographical location. Customers in the same segment are highly likely to respond uniformly to marketing strategies.

Segmentation enables a business to carry out details research concerning each group. It then offers specific products based on the needs of each target segment.

WILL GIVE BRAINLEST ASAP!!!!!! Good afternoon can someone answer this please

Answers

The answer is C i took the test

Emily wants to search online for entrepreneurship opportunities in the field of business development. However, she wants to skip the topic of branding. Which option will help her find the most appropriate result?
A.
“entrepreneurship + business + development + branding”
B.
“entrepreneurship – branding”
C.
“entrepreneurship + business + development - branding”
D.
“entrepreneurship + business”

Answers

Answer:

C.

“entrepreneurship + business + development - branding”

Explanation:

Researchers usually put a hyphen before a word as a technique to exclude it from online search results. This method allows for narrowing down results to the desired pages only.  When searching for keywords that are frequently used together,  putting a hyphen helps exclude unwanted results.

Which of the following are examples of back-of-the-house employees?

A. Front desk clerks, reservation agents, and bell attendants.
B. Hosts, hostesses, and parking attendants.
C. Housekeepers, building engineers, and laundry attendants.
B. Servers, cashiers, and concierges.

Answers

C. Housekeepers, building engineers, and laundry attendants. These employees are rarely seen by guests compared to the other options who greet them as soon as they enter the premises.

I will put the correct answer as BRAINLEST!!!Which examples demonstrate workplaces and employers common to Business Analysis workers? Check all that
apply.
Jade is the leader of her company and often travels to conventions all over the world, so she is not often in her
main office.
Margot works in various offices for short-term contracts to analyze companies' budgets and advise them on how to
save money
Omar is self-employed and works from home using mathematical models to analyze and solve companies'
financial problems.
Grant sits at the front desk of a company to greet and welcome visitors.

Answers

Answer:

B. Margot works in various offices for short-term contracts to analyze companies’ budgets and advise them on how to save money.

C. Omar is self-employed and works from home using mathematical models to analyze and solve companies’ financial problems.

Explanation:

I hope this helps you :)

Also can you mark me brainly please?

A password that contains full sentences or lines from a favorite movie or book is called a

•catchphrase
•moviebook
•passbook
•passphase

Answers

Answer:

passphrase is the correct answer

Answer: passphrase

Explanation:

I did the exam

Which of the following best describes a situation where software should be upgraded instead of replaced?

Answers

Not sure what you’re asking because there’s no answers or picture to choose from, but

Example: If storage is full on a computer, you could upgrade your storage instead of getting a new computer

Isaiah is a Financial Quantitative Analyst for a major stock investment company. What does Isaiah do on a daily basis as a part of his job?

He researches, analyzes, and summarizes information about fraud.
He assesses financial situations using mathematical models.
He analyzes tax information using mathematical formulas.
He manages the paperwork for buying and selling securities.

Answers

Answer:b

Explanation:

Answer:

b

Explanation:

give one example of economic activity and non economic activity ​

Answers

Like a teacher doing her job teaching your class during school hours is economic activity but her personally tutor after school hours is non economic activity

A trait is a quality of your own character.

Answers

are you asking if it’s true or false?

Answer: True

Explanation:

trait- a quality of your own character; characteristic

The Business Club at your school has numerous members, but the weekly meetings are not well attended. Plus, only 25% of the students participate in the planned activities. In 1 to 2 paragraphs, describe the marketing research that would help solve this problem.

Answers

Answer: I would make a survey for all the people who signed up and I would ask them why they don’t attend. And use there input to better the club. This could give them more reasons to want to attend the club.

We'd conduct a survey of all those who joined up and inquire as to why they didn't show up. And utilize their suggestions to improve the club. This may provide them with additional motivation to join the group.

Problem-solving research aids in the identification of marketing mix and segmentation strategies for resolving such issues.

Whenever we want to create your firm the greatest in its market, we need to do research to identify and solve problems.

Prior to attempting to address your problem, we should always categorize it.

Learn more:

https://brainly.com/question/24892780?referrer=searchResults

How many times does 50 go into 1 million please help im dieing to know

Answers

Answer:20,000 times

Explanation:

_____ _____ is a way to see if your product is meeting the needs of your customers.

Answers

I believe it’s solicit feedback

Your revenue is $353,522. Your Cost of Goods Sold are $124,555 and your Operating expenses are $170,124. What is your gross margin?

Answers

Answer:

$228,967

Explanation:

Gross margin is a business's net sales minus the of goods sold (COGS). Therefore, gross margin is the company's revenue after deducting direct costs of producing goods or services.

Calculating gross margins is by  the formula,

Gross margin = revenue - costs of goods sold

In this case

Gross margin = $353,522- $124,555

Gross margin =$228,967

is the economic term for the total money circulating at any one time in a country.
O Fiscal Fund
O Money Supply
O Money Inventory
O Fiscal Inventory
PLZ HELP

Answers

I think the correct answer is “Money supply”

Why does an enterprise need to listen to its customers

Answers

so they will get more customers
In order to keep the customers they currently have satisfied as well as gain new ones. The more customers they have, the more money they will make and that is the end goal.

This activity is important because it covers important terms for effective money management. The goal of this exercise is to identify the best ways to manage your personal finances. Complete each statement with the correct term. Note not all terms will be used.

Answers

Remainder Part of the Question:

Build Your Financial Base Terms:

The ______ is one of the best places to put your money.

A _______ is one of the worst places to keep long-term investments.

You can use a _______ to keep track of purchases.

Your _______ is likely to be the largest of the most important investments you make.

It is wise to plan your financial future with _______.

Available Options are:

Credit Card, Bank Account, Home, Uncertainity, Excitement, car, insurance, stock market, payday loan.

Answers:

A. Stock market

B. Bank Account

C. Credit Card

D. Home

E. Insurance

Explanation:

A. The Stock Market is one of the best places to put your money.

Stock markets are the source of raising funds for investments by the companies. The stock market helps the investor to choose the investment with appropriate returns and risks. Furthermore the investor can also diversify its return by managing the portfolio of investments.

B. A Bank Account is one of the worst places to keep long term investment

The lowest returns are on saving accounts hence it is the worst place for long term investments.

C. You can use Credit Card to keep a track of your purchases.

Credit cards can be used for tracking all of purchases because monthly statement mailed to you includes all the spendings during the year.

D. Your Home is likely to be the largest of the most important investments you make

Buying home is considered as one of the largest investments as it takes substantial savings of the person to buy an house. A roughly estimate would be the savings of 3-4 years for a small house for a couple.

E. It is wise to plan your financial future with Insurance.

Because Insurance helps you to lower your financial risks. The risk is associated with life, home, car, and physical assets and thus the investor must use insurance facility.

Your revenue is $353,522. Your Cost of Goods Sold are $124,555 and your Operating expenses are $170,124. What is your gross margin?

Answers

Answer:

$228,967

Explanation:

Gross margin or gross profit is the amount of money remaining after subtracting the cost of goods sold from net sales. The net sale is the actual Revenue after adjusting for discounts, returns, and damaged inventory.

Gross margin is calculated using the formula,

Gross margin = Revenue - costs of goods sold

In this case

Gross margin = $353,522- $124,555

Gross margin =$228,967

Which post-secondary program requires minimal prerequisites?

Answers

Answer with Explanation:

It depends upon the college or university you choose. If you are choosing a foreign college or university then following are the possible minimal pre-requisites:

Age FactorAttained Marks percentage Language Speaking requirement which includes taking an English speaking, learning and writing test. Examples of approved english skills tests programs are TOEFL, IELTS, etc.Minimum Fee depositCharacter CertificateValid PassportPersonal Information Providing Field oriented report which explains why you want to opt this program.Other requirements depending upon the course, university and law that governs the territory in which the institute operates.
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