Which inventory costing method uses the oldest cost for cost of goods sold on the income statement and the newest cost for inventory on the balance sheet?.

Answers

Answer 1

Answer:

the method used for the oldest cost is FIFO (first in first out)


Related Questions

Artemis wants his employees to get better sleep so that they stay healthy and thus take fewer sick days. He should recommend that his employees:

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Artemis must recommend healthy practices to its employees such as eating properly, sleeping at least 8 hours a day, doing at least 1 hour of daily physical activity and avoiding consuming alcoholic beverages.

How to lead a healthy lifestyle?

A healthy lifestyle is a type of lifestyle that combines various actions that improve the health of individuals by improving various aspects of their life.

What recommendations would you give someone to improve their lifestyle?

Some recommendations to improve lifestyle are related to a healthy lifestyle because this has a positive impact on it. Some recommendations are:

Eat balancedDo not consume alcoholic beveragesDo physical activity dailySleep at least 8 hours a day

According to the foregoing, Artemis must recommend these practices to its employees so that their health remains in optimal conditions and their performance at work is not affected.

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On the Debt Financing tab, which option should be selected in the "How Input" field to model a refinance?

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Debt financing takes place when a company raises money by selling debt instruments to investors.

What is debt financing?

Your information is incomplete. Therefore, an overview of debt financing will be given. Debt financing simply occurs when a firm sells fixed income products, like bonds, bills, or notes.

Debt financing is the opposite of equity financing. The main advantage of debt financing is that the business owner doesn't give up any control of the business.

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In a period of rising prices, which of the following inventory methods generally results in the lowest amount of net income?.

Answers

the answer is…

LIFO Method

Price discrimination occurs when: Group of answer choices a seller charges different prices to different consumers of the same product or service. firms maximize their profit by setting price equal to marginal cost. a seller charges different prices to consumers, discriminating by race or gender of the consumer. a seller charges the same price to consumers of a different product or service.

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Answer:

A seller charges different prices to different consumers of the same product/service.

Carter is a salesman with great hoops, inc. His boss tells him that the company needs more buyers for its inflatable basketball hoops. Carter decides to open up the phone book and start calling businesses to determine their interest in his product. This is typical of which stage in the selling process?.

Answers

the answer is..

Prospecting

The activity described where Carter opens up the phone book and starts calling businesses to determine their interest in the inflatable basketball hoops is typical of the "Prospecting" stage in the selling process.

Prospecting is the first stage in the selling process where the salesperson identifies potential customers or prospects who might be interested in the product or service they are offering.

It involves searching for potential buyers through various means such as cold-calling, using online databases, attending networking events or seeking referrals.

In Carter's case, he is using the phone book to identify potential businesses to approach and gauge their interest in purchasing the inflatable basketball hoops. Once he identifies potential leads, he will move on to the next stages of the selling process such as qualifying leads, making sales presentations, handling objection and closing deals.

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Routinized Response behavior is a consumer problem-solving process used when buying: ___________.
i. Moderate cost items requiring a moderate search-and-decision effort
ii. Low-cost items requiring very little search-and-decision effort
iii. High cost items requiring extensive search-and-decision effort
iv. Moderate cost items requiring very little search-and-decision effort

Answers

I think it would be Low cost items requiring very little search and decision effort. sorry if incorrect.

A prospective buyer contacts Pam, a broker, about a house on the market. The buyer tells Pam that he does not like Asians, and asks her whether there are many Asians living in the neighborhood. How should Pam answer this question

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If the buyer asks her whether there are many Asians living in the neighborhood. Pam should tell the buyer that: He/she is prohibited by law to discuss racism.

What is racism?

Racism can be defined as a form of discriminations that occur among people either because of color, ethnics, age or background.

Based on the given scenario Pam should respond to the buyer by telling the buyer that racism is not allow or prohibited by law and therefore she is not allow to discuss the racial composition of a neighborhood.

Inconclusion the buyer is prohibited by law to discuss racism.

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Bonita Industries issues 4400 shares of its $5 par value common stock having a fair value of $20 per share and 6400 shares of its $10 par value preferred stock having a fair value of $20 per share for a lump sum of $206000. What amount of the proceeds should be allocated to the preferred stock

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Answer:

July this po off free UI to vote no maybe cv kk

______ policy seeks to foster or discourage various economic or social activities, typically through subsidies or tax breaks.

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Answer:

domestic

Explanation:

try it but i don't know! just a guess

when the unemployment rate____the natural unemployment rate, the real gdp is____ potential gdp and the output gap is

Answers

It should be noted that when the unemployment rate is currently above the natural unemployment rate, the real gdp is below potential gdp and the output gap is low.

What is unemployment rate?

unemployment rate can  be regarded as the percentage of unemployed individuals that can be seen in an economy .

This are  individuals that are currently not in the labour force and the real gdp is below potential GDP when unemployment rate is currently above the natural unemployment rate.

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What are the main differences between checking and savings accounts?.

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Answer:

Checking is used for everyday activity, as for saving it is for saving money!

Explanation:

Santander Bank: checking accounts are primarily for accessing your money for daily use while savings accounts are primarily for saving money.

True or false: In addition to distributing products within each foreign market, marketing managers also have to determine how to get the products to foreign markets.

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It is TRUE that in addition to distributing products within each foreign market, marketing managers also have to determine the strategies to get the products to foreign markets.

Who are marketing managers?

Marketing managers are employees responsible for managing the promotion and positioning of a company's brand or products and services.

Marketing managers must attract more customers to the company and raise brand awareness by creating effective marketing campaigns.

Thus, it is TRUE that in addition to distributing products within each foreign market, marketing managers also have to determine the strategies to get the products to foreign markets.

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The process of making the organization into a well-ordered whole is referred to as Select one: A. motivating. B. planning. C. organizing. D. controlling.

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The process where an organization is made into a well-ordered whole is known as C. Organizing.

What is an organization?

It should be noted that an organization simply means a group of people working together to achieve a common aim.

In this case, process where an organization is made into a well-ordered whole is known as organizing. This is important to achieve organizational goals.

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A solution was made by dissolving 800. 0 g of NaOH in 25,200 g of water. Calculate the morality, molality, and mole fraction of NaOH

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The morality, molality, and mole fraction of NaOH is mathematically given as

morality= 4 ppmmolality=0.7936mx1 = 0.152

What are the morality, molality, and mole fraction of NaOH?

Question Parameters:

A solution was made by dissolving 800. 0 g of NaOH in 25,200 g of water.

Generally, the equation for the Molality   is mathematically given as

molality = (mass / molar mass) x (1/ weight of solvent kg)

Therefore

M= (800 /40) x (1 /25.2)

M=0.7936m

Therefore

m= 10 x 18 / 1000

m= 0.18

Hence

x1 = 0.18 - 0.18 x1

1.18 x1 = 0.18

x1 = 0.152

Where the mole fraction is x1 = 0.152 The mass is

m= (800 / 800 + 2000) x 1000

m= 28.57 %

Hence the morality

molality = mg /L

molality= 8000 x 10^-3 / 2 L

morality= 4 ppm

In conclusion, the morality, molality, and mole fraction of NaOH are given respectively as

morality= 4 ppm

molality=0.7936m

x1 = 0.152

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Extended decision making is __________________________________. Limited decision making Selective distortion The most complex type of decision making Based in perceptions

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Answer:

extended decision making

Explanation:

it is a highly involved consumer decision regarding whether or not to purchase a product

How long do you have to work to qualify for unemployment?.

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until you are eligible to pay check entitlement

Answer: Each state determines who is eligible for unemployment insurance benefits, however you are usually eligible if you: Are jobless due to no fault of your own. In most states, this implies that you had to leave your previous position due to a lack of accessible work. Comply with all labor and wage standards.

Explanation:

If an account receivable balance previously written off using the direct write-off method is later collected in full, the entry to record the payment must include a credit to:

Answers

The entry to record the payment of an account receivable balance with direct write-off method must include a credit bad debt expense .

What is bad debt expense ?

A bad debt expense  can be regarded as the expenses that us recorded when receivable is no longer collectible .

This is because a customer is unable to pay an outstanding debt  as a result of different reasons such as bankruptcy or other financial problems.

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In employee is taking part in a performance appraisal process that requires the employee to rate a coworker's performance. In this case, the coworker is also the employee's spouse. This situation is an example of ________.

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Performance appraisal is peculiar to establishments to better improve such. When a situation as the above is the case, then, tge situation is an example of Halo and Horn Effect.

Halo and Horn Effect

Halo and Horn Effect is when our first impression of somebody leads us to have a biased positive or negative opinion of their work or company. Hence, the relationship will most likely reflect in such situation.

Therefore, the answer is Halo and Horn Effect.

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Outline ways in which the productivity of land can be improved​

Answers

getting better rest, meditation, exercise, hydration, mental focus exercises like military box breathing, and good nutrition just to name a few. it depends on the caause of lack of productivity.

if you cant focus well, a fidget toy may help. if your sluggish, better rest may help. and if your depressed meditation may help. i hope THIS helped!

Cody is an intrapreneur for a multinational wearable electronics company. Which statement best describes Cody's duty

Answers

Answer: He will use the firm's existing resources to develop new products.

He will create new products using the company's existing resources

What are resources?

All materials available in our environment that are technologically accessible, economically possible, and culturally sustainable that assist us to satisfy our needs and desires are referred to as resources. Resources are divided into two types based on their availability: As

Cody is an entrupuners in a multinational company there are certain duty is to be there that Cody has to be followed they have to be innovative and more creative with the products they have to follow the strategy as they can make more profit from it as they have many resources for the innovation. Renewable and non-renewable resources. They can also be classed as actual or potential based on their level of development and use, as biotic or abiotic.

Therefore, He will create new products using the company's existing resources.

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An entrepreneurial startup can be successful, if three ingredients are critical. What are they?.

Answers

Answer:

A viable opportunity, available resources, and a qualified and motivated founding team.

Explanation:

Imagine that your boss is delegating parts of a project to you and to another team member. Because the other team member has a longer work history with the boss and is highly trusted, you are assigned the unchallenging portions of the project. What do you say or do

Answers

Don’t start a scene, Just do the unchallenging portions of the work there’s not much you can do when it comes to these type of situations.

Ayayai Corp. sells merchandise on account for $2100 to Marigold Company with credit terms of 2/9, n/30. Marigold Company returns $100 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check

Answers

Based on the fact that Marigold Company returned some merchandise and paid within the discount period, the check amount would be $1,960.

What would be the check amount?

The credit terms 2/9, n/30 mean that if Marigold Company pays their balance in 9 days, they get a 2% discount.

The amount they will pay for settling their debt in that time is therefore:

= (Amount - Returns ) x ( 1 - discount)

= (2,100 - 100) x ( 1 - 2%)

= $1,960

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The term ______ refers to the unofficial activities and interactions that are a basic part of daily operations within formal organizations. Multiple choice question.

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bureaucracy's other face

Think of a team you have been a part of, for example, in sports or for a class project. Write a paragraph on how you went about performing the tasks. Did everyone have his or her own tasks to do? How did everyone interact? Did you face any problems while working together? Why do you think that was? Do you think that your group functioned well overall?

Answers

A team that I was a part of was a group project in school.

We went about performing the task as we gave each person a role to play in order to accomplish the task.

Yes. Everyone had a task.

Everyone interacted as they shared idea about their roles.

I didn't face any problem while working with them as they were all cooperative.

Yes. My group performed well overall.

What is a team?

A team is a group of people who work together to achieve a common goal. An effective teamwork environment creates an enabling work environment, allowing team members to become more effective and efficient.

The goal of a team is to figure out how a unique group of people can use their skills to achieve a goal at a specific time. A clear team purpose can help motivate people to take action. Knowing the purpose of a team can help you create awareness and inclusion.

As a result, teamwork processes have a moderately positive effect on team performance and a strong positive effect on team commitment.

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Which of the following guidelines about maintaining a network is false? a. Participate in career fairs b. Use business cards when meeting new people c. End network relationships after you find a job d. Communicate with your network using the Internet Please select the best answer from the choices provided A B C D.

Answers

I believe the answer is: end network relationships after you find a job

If you end network relationships after you find a job, you would be automatically considered as rude and that person would no longer contact you in case there is a better opportunity in the future.

Because of this, it is important for you to maintain good networking relationship with as many people as you can to accelerate your career.

Answer:

its C on edge 2022

Explanation:

______ activities add value directly by transforming inputs into outputs as the firm moves a product or service horizontally along the internal value chain.
A. Complementary
B. Resource
C. Value
D. Primary

Answers

The answer is D. Primary.

Problem 11-7 Evaluating Health Insurance Options (L011. 4)

Ronald started his new job as controller with Aerosystems today, Carole, the employee benefits clerk, gave Ronaldo packet that

contains information on the company's health insurance options, Aerosystems offers its employees the choice between a private

insurance company plan (Blue Cross/Blue Shield), on HMO, and a PPO, Ronald needs to review the pocket and make a decision onwhich health care program fits his needs. The following is an overview of that information

Answers

Based on the plan that Ronald chooses, the annual medical costs that he will pay using the sample medical expenses is $1,109.08.

What is Ronald's annual medical cost?

This can be found as:

= Annual premium + Deductible + Total coinsurance cost

Annual premium is:

= 43.34 x 12 months

= $520.08

Total coinsurance cost:

= (((Physician visits x Cost per visit) + Cost of prescription) - Deductible) x Coinsurance percentage)

= (((5 x 110) + (66 + 90) - 156) x 25%)

= $39

Annual medical cost:

= 520.08 + 550 + 39

= $1,109.08

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Which research tool would be most effective when gathering data on how employees feel about carpooling

Answers

Answer: i think the best way would be a poll

                       

General Contracting was hired by the city of Rockyville to put in a new road through a mountain pass for $2 million. General Contracting did reasonable soil tests as would be expected of a contractor under their circumstances. The job would involve about 80% costs related to highway materials and 20% labor costs. When General Contracting started building the road, they discovered that it was solid granite a few feet down and that the mountain was unlike any they had ever seen in the state. It would cost them over $5 million in costs just to complete the job. If General Contracting refuses to complete the job at a loss and Rockyville sues, what result

Answers

If General Contracting is sued by Rockville for refusing to complete the job, General Contracting can have the contract discharged on an impracticability basis.

What would make a contract impractical?

When parties to a contract agree to a contract that based on normal circumstances and due course, and one party discovers that they cannot complete the contract based on unforeseen circumstances, the contact can be ruled impractical.

General Contracting could not foresee the solid granite foundation and so they could not have known they would pay so much to complete the project. The contract can therefore be impracticable.

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Will give crown to the answer! How many faces does the solid made from the net below have? A lightweight plastic rod has a mass of 2.0 kg attached to one end and a mass of 2.5 kg attached to the other end. The rod has a length of 1.20 m. How far from the 2.0-kg mass should a string be attached to balance the rod Now read the original excerpt from "The Lady, or the Tiger?But, if the accused person opened the other door, there came forth from it a lady, the most suitable to his years and station that his majesty could select among his fair subjects, and to this lady he was immediately married, as a reward of his innocence. It mattered not that he might already possess a wife and family, or that his affections might be engaged upon an object of his own selection; the king allowed no such subordinate arrangements to interfere with his great scheme of retribution and reward.How does the excerpt with descriptive language compare to the ordinary language?The descriptive language is harder to visualize..The descriptive language gives a clearer picture.The descriptive language is less interesting.The descriptive language shows the conflict. In a social contract, the people have allof the following rights EXCEPT whichone?A. The right to make all laws.B. The rights of life, liberty, and property.C. The responsibility to obey the laws. The purpose of assigning a number to each of the consequences in a grid analysis is to _______. A. Allow the consequences to be ranked chronologically b. Allow the consequences to be put in numerical order c. Allow the consequences to be weighed and measured d. Allow the consequences to be eliminated through subtraction Please select the best answer from the choices provided A B C D. 9.SHORT RESPONSE Compare the surface areaof the figures. Justify your answer.5 cm6 cm6 cm20 cm3 cm3 cm PLEASE HELP I REALLY REALLY NEED HELP I'll literally give someone brainlest if they get the question right 2. Factorisation of the algebraic expression 169x2 - 52xy + 4y2 Which of the following should be measured using millimeters?length of a tracklength of a trackwidth of a credit cardwidth of a credit cardheight of a windowheight of a windowwidth of a deskwidth of a desk How do you say I have to go see if my car is ready Taxes within Washington State are levied on(Select ALL that apply)A. Public Utilities B. Property (Home and Land)C. IncomeD. Tobacco and AlcoholE. Retail Itemsbe aware mulptie answer question (K12) Interim Checkpoint: Grade 8 Checkpoint 4 - Part 1 answers:1: Rectangle / 102: Triangle3: 91. 1254: Not valid / There is bias because of the location5: Gold6: Rectangle7: 132. 548: 1,205. 629: 13. 410: 145. 511: 50 randomly selected users of the center's facilities12: More teens play soccer than any other sport13: Greater than / A14: A typical guest at Party 1 was younger than a typical guest at Party 2, and guests' ages were more variable at Party 1 than at Party 215: About the same / Do not tend to16: Not correct / 21%17: 20818: On average, 15- to 16-year-olds spend a few hours more on the Internet each week compared to 13- to 14-year-olds / The amount of time that 15- to 16-year-olds spend on the Internet each week is more variable than the amount time 13- to 14-year-olds spend19: Can't / Similar20: 2 resorts are about the same A stamp cost 25 kobo, how many Stamp can a man buy with 2.85 Naira explain why a luminous flame of a Bunsen burner produces bright yellow light Help Solve the equation What do you do for scurrying good marks as you want? solve: x+y=3 2x+3y=7I need this answer fast Solve each expression by factoring. Match the solutions to the correct expressions. 20x^2 + 48x + 16 = 0 2x^2 - 5x -1 = -4 Which type of movement does the artist use in the photograph? aVertical lines bJuxtaposition cLeading the eye dPhysical