BUSINESS HIGH SCHOOL

One advantage of the lifo method is that A.) an equal cost is assigned to each unit so net income doesn't fluctuate as much as with other methods
B.) flow of goods and flow of costs are the same
C.) it matches current selling prices and current costs
D.) ending inventory is valued at very old costs

Answers

Answer 1
Answer: The answer to the question is c 
Answer 2
Answer:

The answer to your question is letter C. It matches current selling prices and current costs.


Related Questions

COLLEGE

Assume the risk free rate is 4 percent, the required rate of return on the market portfolio is 15 percent, and the reported beta for a medical device manufacturer is 1.7. Under the capital asset pricing model, the required rate of return on the stock of the medical device manufacturer is a. 29.5 percent
b. 32.3 percent
c. 18.7 percent
d. 15.0 percent
e. 22.7 percent

Answers

Answer:

required rate of return on the stock = 22.7%

so correct option is e. 22.7 percent

Explanation:

given data

risk free rate = 4 percent

rate of return = 15 percent

beta = 1.7

to find out

required rate of return on the stock

solution

we get here required rate of return on the stock that is express here as

required rate of return on the stock = risk free rate + beta × ( Return on the Market portfolio - Risk free Rate)   ........................1

put here value we get

required rate of return on the stock = 4 + 1.7 × ( 15 - 4)

required rate of return on the stock = 22.7%

so correct option is e. 22.7 percent

COLLEGE

Implicit costs are: a. Regarded as costs by accountants, but not economists. b. Payments that a firm makes to other firms or individuals who supply resources to it. c. Opportunity costs such as the value of leisure time, or the highest and best use of the business's assets. d. Costs that vary proportionally with output.

Answers

Answer: Option C

Explanation: Implicit cost or opportunity cost is the loss of profit from best alternative that is foregone. It is the cost directly paid by the individual himself rather than paying it to others as in case of explicit costs.

Implicit costs are not deducted while calculating accounting profit but they are when calculating economic profit. These costs usually remain fixed as the alternative has been rejected already.

So, from the above we can conclude that option C is correct.

COLLEGE

Economists use gross national product (GNP) to measure ___ economic output within a nation, regardless of ownership.
the output of foreign-owned businesses within a nation.
the output of a nation’s citizens, regardless of where they are.
any business activity taking place outside a country.

Answers

Economists use the gross national product (GNP) to measure the output of a nation’s citizens, regardless of where they are.

Further explanation

Gross National Product or GNP measures the total output produced by a country's residents, regardless of where they are. Therefore, any output produced by foreign residents within the country must be excluded in calculations of GNP, while any output produced by the country's residents outside of the country must be counted.

Gross national product calculates by adding these factors below:

Consumption + Government Expenditures + Investments + Exports + Foreign Production  

Another important economic measure is Gross Domestic Product (GDP). GDP measures the total output produced in the country, regardless of who they are. GDP is the most widely used to measure a country's economic activity. The difference between GNP and GDP may indicate that a country is more engaged in international trade. The larger the difference between a country's GNP and GDP, the greater international activities.

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Keywords: GNP, Gross National Product, GDP, Gross Domestic Product, International trade

The option (c) is correct.

Economists use the gross national product (GNP) to measure the output of a nation’s citizens, regardless of where they are.

Further Explanation:

Gross national product is defined as the market value of all services and goods produced by a country's businesses and residents, both outside and inside the country during a given time period. GNP also includes the investments made by the country's residents and businesses in the country and outside it.The GNP can be calculated as:

Y = G + I + C + X + Z

Where,

GNP = Government + Investment + Consumption + X (net exports) + Z (net factor income from abroad - net factor income to abroad)

The difference between the GDP (Gross Domestic Product) and GNP (Gross National Product) is that GDP takes into consideration the value of goods and services produced by a factor of production within the country during a given time period while the GNP also takes the market value of all services and goods which are produced by businesses and residents of a country, both outside and inside the country during a given time period.

Therefore, option (c) is correct.

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1.      Learn more about the objective of the budget

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2.      Learn more about the revenue and expenditure

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3.      Learn more about the large expenditures

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Answer details:

Grade: Middle School

Subject: National Income

Chapter: Economics

Keywords: gross national product, the output of a nation’s citizens, the output of foreign-owned businesses within a nation.

HIGH SCHOOL

Juanita feels it is important for her taxi company to continually measure itself against its best competition. She keeps track of the number of rides per hour and turnaround times for all her drivers and compares it to that of other high-performing taxi companies in the area. Juanita is using the process of _______ to compare her company with another.A. benchmarking B. sustainability
C. manufacturing
D. diversification

Answers

Answer: Benchmarking

Explanation: Benchmarking is a process used by business owners to spot the areas that need improvement which makes way for the progress of the business.

It could be done internally or by comparing the business performance against that of its best competition.

However, this process does not necessarily solve the problems that are spotted nor does it explain why the conditions that brought about the competitors success or failure but it is always a good start and best method for business owners who want to know how their business is thriving and how to make improvements.

HIGH SCHOOL

Scott Incorporated has been in business for several months. Because of increased competition in the region for part​ adapters, the managers at Scott Incorporated is considering cutting sales price from $ 27 per adapter to $ 24 per adapter. New sales price per poster $ 24 Variable price per adapter $ 17 New contribution margin per adapter $ 7 If the variable expenses remain at $ 17 per adapter and the fixed expenses remain at $ 6,000​, how many adapters will the managers need to sell to break​ even? Compute the breakeven sales in units.

Answers

Answer:

Break even units = 858 adapters.

Explanation:

Revised selling price = $24 per adapter

Variable cost = $17 per adapter

Contribution per adapter = $24 - $17 = $7

Provided fixed cost = $6,000

Break even point in units =

= $6,000/$7 = 857.14

Since the unit cannot be rounded off downwards, we have

Final Answer

Break even units = 858 adapters.

HIGH SCHOOL

Diminishing returns will occur when investing in the same tqm initiative round after round. T/F?

Answers

I believe the correct answer is true. Diminishing returns will occur when investing in the same tqm initiative round after round.  Diminishing returns is the decrease in the marginal output of a production process as the amount of a single factor of production is incrementally increased, while all other factors of production stay constant.
HIGH SCHOOL

If a department that applies FIFO process costing starts the reporting period with 50,000 physical units that were 25% complete with respect to direct materials and 40% complete with respect to conversion, it must add 12,500 equivalent units of direct materials and 20,000 equivalent units to direct labor to complete them. True or false?

Answers

Answer:

The answer is: False

Explanation:

The department had 50,000 units which were:

  • 25% complete with respect to direct materials (equivalent to 12,500 units), to finish them it must add 37,500 equivalent units of direct materials.
  • 40% complete with respect to conversion (equivalent to 20,000 units), to finish them it must add 30,000 equivalent units of direct labor.
COLLEGE

Based in topic study materials, discuss how servant leadership contributes to competitive advantage in contemporary organizations. Provide specific industry examples of companies that have thrived as servant leaders. Strengthen your claims with supporting citations from topic study materials. Provide in-text citations and corresponding references.

Answers

Answer:

A servant leader  takes some additional season of theirs to enable the associations culture that will cause the representatives to have great morals and in this way offer great administrations. It will be useful to the representatives as they would have the option to deliver more in light of the fact that there will be a culture to concentrate consequently would improve the productivity of the association, and in the long run improving the upper hand of the organization.  

A servant leader demonstrates regard to representatives and by along these lines the workers get persuaded to give the association a decent notoriety helping it to increase serious. For example, in a client care association, the supervisor should demonstrate regard to the worker indicating hireling authority by giving the understanding the representative.

servant leader  consistently put their kin in any case. Treating the representatives with genuineness, uprightness, and care and urging them an opportunity to time. For example, in a client relations association, the chief is required to give its representatives the right data about the association with the goal that they can advance the right data to the customers so as to improve the upper hand.  

A servant leader  has a solid conviction that accomplishment of an association can be accomplished by the commitment of each individual in the association. In this manner, the hireling chief will make solid groups that will collaborate and in the end would make the business extraordinary those different contenders

HIGH SCHOOL

Always accept a job offer before discussing its salary and benefits. true or false.

Answers

Always accept a job offer before discussing its salary and benefits. The given statement is False. Wait to discuss wages until you have a firm offer before doing so. Never attempt to get one employer to match the offer of another.

How do you define a salary?

A salary is a set sum of money or other remuneration that a company gives to an employee in exchange for work completed. Salary is frequently paid at predetermined periods, such as monthly installments equal to one-twelfth of the annual salary.

When you get a job offer, it is time to discuss perks. A copy of the benefits package should be made available by the employer so that you can evaluate it to see if it satisfies your needs and preferences. Before accepting their offer, start a conversation regarding negotiations if you see areas for improvement.

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Answer:

false

Explanation:

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