All of the following, with the exception of operating inefficiencies, can be contributing factors to the fixed manufacturing overhead cost variance. Option 3 is Correct.
Utilizing time, people, equipment, inventory, and money as effectively as possible to support the business is known as operating efficiently. Effective businesses are leaner, more flexible, and more successful. All of the following—with the exception of these—can be significant factors to the fixed manufacturing overhead cost variance: Fixed factory overhead allocated divided by activity in the numerator.
For the purposes of product costing, the fixed manufacturing overhead application rate is equal to: variation in overhead spending. The planned fixed overhead at normal capacity and the standard fixed overhead for the actual units produced make up the fixed factory overhead volume variance. Projects that have had inadequate quality control/supervision, bad scheduling, or both are plagued by inefficiency.
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Correct Question:
Factors contributing to the fixed factory overhead spending variance can include all the following except:
1. Inaccurate budget estimates for these costs.
2. Unanticipated increases in costs such as factory insurance.
3. Operating inefficiency.
4. Inadequate control of fixed overhead costs.
Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?
The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.
To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.
To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:
NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost
\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)
\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)
NPV = $3,913.04 + $3,537.41 - $7,800
NPV = -$350.55
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Do interest rates matter for credit cards?
Credit cards can cost you money if you don't pay your bills on time because the interest rates charged by lending organisations have a significant negative influence on both your personal finances and credit score.
The best credit card APR is one that is around 10%, but you might need to visit your neighbourhood bank or credit union to discover one. An APR that is lower than the average would also be regarded favourably by the Federal Reserve, which monitors credit card interest rates. If you settle your bill in whole each month, APR is irrelevant. It doesn't matter whether your credit card has a 10 percent or 25 percent interest rate.
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JaCo uses the periodic method and records merchandise purchases at net. Its 20X4 ending inventory is $69,000. During 20X5, JaCo purchases merchandise for $878,000, with freight-in of $11,000. Purchase returns are $17,000, purchase discounts lost are $4,000, and the cost of merchandise on hand a tyear end is $91,000. At yearend, JaCo records the following entry:
JaCo uses the periodic method and records merchandise purchases at net. Its 20X4 ending inventory is $69,000. During 20X5, JaCo purchases merchandise for $878,000, with freight-in of $11,000.
Purchase returns are $17,000, purchase discounts lost are $4,000, and the cost of merchandise on hand a tyear end is $91,000. At yearend, JaCo records the following entry:
Account
Debit = Cost of Goods Sold = 854,000
Credit = Inventory = 854,000
To record the yr-stop entry for inventory under the periodic approach, JaCo desires to calculate the value of products offered (COGS) for 20X5. The formula for COGS underneath the periodic technique is:
COGS=Beginning stock + Purchases − Ending stock
Plugging in the given values, we get:
COGS=69,000(878,000+11,000−17,000+4,000)−91,000=69,000+876,000−91,000=854,000
Therefore, the 12 months-cease access for inventory is:
Account
Debit = Cost of Goods Sold = 854,000
Credit = Inventory = 854,000
This entry reduces the inventory account to the finishing balance of $91,000 and records the expense of COGS for the year.
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operations management course concept
The operations management course concept refers to the systematic design, direction, and control of the processes that transform inputs such as raw materials, energy, and labor into outputs such as goods and services that satisfy customer needs.
This management process includes inventory management, scheduling, supply chain management, quality control, and more. The goal of operations management is to create efficient processes that maximize productivity while minimizing costs.
Students taking an operations management course learn about these concepts and how to apply them to real-world situations in various industries. They also study topics like process design, project management, lean principles, and decision-making models.
The course is usually offered as a part of business administration, engineering, or industrial technology programs. Graduates of the course may go on to careers as operations managers, logistics managers, supply chain analysts, process improvement specialists, or manufacturing engineers, depending on their areas of focus and interests.
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Job destroyer? ~ The Wellcome Global Monitor is the world’s largest study into how people around the world think and feel about science and major health challenges. The battle between man and machines goes back centuries. Are they taking our jobs? Or are they merely easing our workload? According to the article in The Guardian titled "Technology has created more jobs than it has destroyed, says 140 years of data", a study by economists at the consultancy firm Deloitte concluded that rather than destroying jobs, technology has been a "great job-creating machine". The article further states that machines will take on more repetitive and laborious tasks but seem no closer to eliminating the need for human labor than at any time in the last 150 years.
If you are asked to fill out a W-9 instead of a W-4 when you first start a job, what does that mean? What kind of taxes might you have to pay and how much are they?
Answer:
The difference between W-4 and a W-9 depends on your profession.
Explanation:
If you are asked to fill out a W-9 instead of a W-4 when you first start a job, it means that you're a freelancer, self-employed, or do contract work for a company.
W-9 is a Request for Taxpayer Identification Number and Certification.
While a W-4 is a Employee's Withholding Allowance Certificate.
The kind of taxes you might have to pay don't withhold any of the required taxes, like federal taxes or Social Security taxes.
Someone using the W-9 is responsible for paying the taxes themselves.
Computing payroll taxes LO P2, P3 BMX Company has one employee. FICA Social Security taxes are 6.20% of the first $117,000 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.60% and SUTA taxes are 2.90% of the first $7,000 paid to its employee.
Gross Pay through August Gross Pay for September
a. $ 5,500 $2,000
b. 16,500 3,200
c. 100,000 20,500
Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for r under each of three separate situations (a), (b), and (c). (Round your answers to 2 decimal places.)
Answer:
Medicare:
case a 2,000 x 1.45% = 29
case b 3,200 x 1.45% = 46.4
case c 20,500 x 1.45% =297.25
Social Security
case a 2,000 x 6.2% = 124
case b 3,200 x 6.2% = 198.4
case c 20,500 x 6.2% = 1,271
FUTA
case a $ 9
SUTA
case a $43.50
Explanation:
Medicare and Social Security ceilling for the year 2020 are 137,700
Thus, the three employees are under that and their September wages are fully taxable.
SUTA and FUTA ceilling are at 7000
so case b and c do not py any of these taxes
case a will only be taxed up to 7000
so 7,000 - 5,500 = 1,500 the remainder 700 dollar are tax-free from SUTA and FUTA
1,500 x 0.060% = 9
1,500 x 0.0290% = 43.5
What did the Retirement Analyzer results show you about your retirement? Will you have enough monthly income to live comfortably in retirement? What steps can you take to save and invest in your future, while still paying bills and living now?
Using the Retirement Analyzer, you can assess whether your monthly income in retirement will suffice for a comfortable lifestyle.
What is Retirement AnalyzerThe tool takes into account multiple variables, including existing investments, savings, expected expenses, and retirement objectives, to provide an accurate analysis. By means of an examination, it offers perspectives on whether or not your retirement funds are adequate.
If the Retirement Analyzer shows that your monthly income for retirement may be insufficient, evaluate your current savings rate and contemplate on augmenting it to boost savings.
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The political candidates keep talking to the citizens about the possibility of a recession what would most likely happen if a country experience a recession
The thing that would MOST likely happen in this case if a country experiences a recession is D.Businesses will suffer from decreased sales and profits, eventually leading to closure
What is recession ?Recession, in economics, can be described as the downward trend in the business cycle.
Itshouldbe nopted that this can be seen as the decline in production and employment, whereby the incomes and spending of households to decline and as a result of thisthere would be hunger sa well as hardship in the country for this cause.
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missig part
What would MOST likely happen if a country experiences a recession?
A.
Feeling confident in the economy, people will begin to spend money more freely.
B.
Jobs will be more plentiful, and companies will be doing a lot of hiring.
C.
Families will start to purchase larger and more expensive homes.
D.
Businesses will suffer from decreased sales and profits, eventually leading to
This case discusses the case of India and the potential impact of the new government's reforms on the future of India. The case discusses some of the factors that have prevented India from growing faster while also emphasizing the need for reforms. Answer the following questions:
1. What are some of the factors that show that India has lots of promise to shine among the emerging market economies?
2. What are some of the factors that are preventing India from achieving its full potential?
3. Why was China able to achieve such economic growth more easily than India?
4. What are some of the tough reforms that India has to go through in order to succeed?
Some of the factors that show that India has lots of promise to shine among the emerging market economies are;
India's substantial manufacturing growth, business-friendly reforms, infrastructure development, and political stability make the country the most notable developing market for investors to invest in.What are some of the factors that are preventing India from achieving its full potential?India would not be able to grow its economy or develop sustainably until gender and economic disparity are reduced. According to a recent United Nations Development Fund assessment, India trails behind several of its South Asian neighbors on the human development index (HDI), mostly due to inequities.
Why was China able to achieve such economic growth more easily than India?While economic reforms may account for some of the differences, China outpaced India because:
(1) the economy was privatized sooner;
(2) prices were released sooner;
(3) the labor market underwent much deeper reforms; and
(4) the economy was opened up to international trade and foreign direct investment (FDI) sooner.
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DESCRIBE THE FUNCTIONS OF
PRELIMINARY DATA GATHERING?
Preliminary data gathering involves collecting and analyzing relevant information to establish a foundation for research or decision-making, including identifying objectives, assessing data availability, etc.
What are the Functions of Preliminary Data Gathering?Preliminary data gathering encompasses the initial acquisition and evaluation of pertinent information, serving as a basis for research or decision-making. It aids in defining project scope, goals, and needs, while also assessing data availability and quality.
This stage assists researchers and decision-makers in gaining insights, assessing project feasibility, recognizing potential obstacles, and formulating a strategic plan for subsequent data collection and analysis.
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Geoffrey
But how will these open market
operations affect Typical Bank's required
reserves and excess reserves?
Required reserves will not change, but excess
reserves will rise.
Both required reserves and excess reserves will rise.
Open market operations refer to the buying and selling of government securities by the central bank in order to manage the money supply in the economy. Both required reserves and excess reserves will rise.
When the central bank buys securities from banks, it pays for them by adding reserves to the banks' accounts. This means that the reserves of Typical Bank will increase, including both required reserves (which are set by regulation and based on the bank's deposits) and excess reserves (which are the amount of reserves held above the required amount).
It's important to note that an increase in excess reserves could potentially lead to an increase in lending by banks, which could stimulate economic growth. However, it could also lead to inflation if the increase in lending leads to an excessive increase in the money supply.
The central bank must carefully manage open market operations to maintain stability in the economy.Therefore, the correct answer to the question is: "Both required reserves and excess reserves will rise."
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Knowing what you have learned about customer service situations, why do win-lose situations often become lose-lose situations? What can an employee do to avoid this from occurring?
Answer:
Explanation:
In business a win-lose situation would mean that one is correct while the other is wrong. This often becomes a lose-lose situation because one party will get upset and refuse to do business with the other party, this means that one party ultimately loses out on the profit of the potential transaction and the other party loses out on the product/service that they wanted. Therefore, making it a lose-lose situation. The best thing that an employee can do is to de-escalate the situation and look for an alternative solution so that the customer leaves happy, the business gets the transaction, and they do not lose money or customers.
Understanding that unemployment benefits give workers the incentive to not look for work until their benefits run out, suppose an economist suggested that instead of giving workers up to 26 weeks of unemployment benefits that end once the person finds work, a person who loses his or her job would just get a single big check for 26 weeks of benefits, regardless of how long the worker is unemployed. Which of the following are true?
1. It is likely to reduce unemployment by increasing the incentives to look for work earlier.
2. It would be costly.
3. It would reduce the incentive to work.
4. It would have to be combined with skill training.
Answer:
1. It is likely to reduce unemployment by increasing the incentives to look for work earlier.
2. It would be costly.
Explanation:
A worker who had received the benefits of unemployment has now added incentive for looking in to work earlier. But the cost will increase since the incentive provided for the entire period of the 52 weeks which is not limited to the period of how long the person took to get employment again.
So it is most likely to decrease the unemployment by an increase in the incentive to look for work again. And it this would also increased the cost.
Wesley wants to buy a new Ford Focus. The sticker price on the model he is interested in is $18,571. Wesley has done his homework and knows that the dealer cost on this car is 15% lower than the sticker price and the best deal he can negotiate is 3-4% above the dealer cost. Approximately what price should Wesley be at when he finishes his negotiation
Answer:
$16,300
Explanation:
having the right calculations included me to solve that the neegotiation is 16.3k
Which of the following types of promotion is usually the least expensive for a company?
A.
Personal selling
B.
Publicity
C.
Direct marketing
D.
Advertising
Answer:
B. Publicity.
Explanation:
A company can publicize its names, products, and services by organizing an event or by organizing a seminar. The aim of publicity is to make consumbers aware about the products and services that a company deals in.
A soup kitchen falls under what type of organization?
National School Lunch Program
Nutrition Program for the Elderly
Expanded Food and Nutrition Education Program
Food Bank
food bank because they used a soup kitchen during the Great depression and it's for the homeless people too it has to be program
асу
1.6.2 Test (CST): Goals and Career Planning
Question 3 of 25
If Lucinda's top priority is being able to express her creative side, her most
likely long-term goal is to become a(n)
O
A. lawyer
B. interior designer
C. teacher
0
D. police officer
Ann Hopkins borrowed $60,000 for her child’s education. She must repay the loan at the end of 8 years in one payment with 512% interest. What is the maturity value Ann must repay?
The Maturity Value that Ann must pay is $89,461.
Assuming the rate of interest is compounded annually.
Given,
Principal value = $60,000 = P
Rate of interest = 5.12% = i
Number of years = 8 = T
Since maturity value = Amount
Now, using the formula for calculating the amount,
Amount = P × {(1+i)^T}
Now, substituting the given values in the above formula for amount we get,
Amount = $60,000 × {(1+0.0512)^8}
= $60,000 × {(1.0512)^8}
= $60,000 × 1.49101776418
= $89,461.0658
= $89,461 (Approximately)
Hence, The Maturity Value that Ann must pay is $89,461.
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will
ur
8. In the section that asks when you
are available to work, you will want to
a. be vague.
b. say "when ever."
c. make sure to clearly list the time
range and days.
d. It doesn't matter.
it
Answer:
will
ur
8. In the section that asks when you
are available to work, you will want to
a. be vague.
b. say "when ever."
c. make sure to clearly list the time
range and days.
d. It doesn't matter.
it
The United States financial system is attractive to international investors because _____.
(Select all that apply.)
1. the Federal Reserve oversees the system
2. the FDIC insurance bank deposits
3. risk is not high
4. it is a stable system
Answer:
1. the Federal Reserve oversees the system
2. the FDIC insurance bank deposits
4. it is a stable system
Explanation:
The United States financial system is attractive to international investors because the Federal Reserve oversees the system, the FDIC insurance bank deposits and it is a stable system.
1. You are an adult employed in your favorite career. You earn
$15.00 per hour. Every hour over 40 per week, you earn
1.5 times your current rate. Based on the schedule listed
below, how much money did you earn last week
Assuming you worked 50 hours last week, the total amount of money that you earned based on the work rate described above, is $825.
When you work for 40 hours in a week, you are normally paid $15 for each of those hours. This means that out of the 50 hours you worked, the normal salary you made was:
= Number of hours in week x Amount per hour
= 40 x 15
= $600
The total amount of hours you worked over 40 was:
= 50 - 40
= 10 hours
For these 10 hours, you are paid 1.5 your normal rate of $15 per hour which means that you made:
= 10 x 15 x 1.5
= $225
The total you made was therefore:
= Normal salary x Amount earned for working over 40 hours
= 600 + 225
= $825
In conclusion, you earned $825 last week.
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When Joe was working in finance, he bought all of his suits at Macy’s, a department store. Once Macy’s finds out about Joe’s plans to return to business school, what customer-centric approach would Professor Fader recommend that Macy’s takes with Joe?
Answer:
Show Joe that he's still important to them by extending a store discount to him that will apply during his time as a student.
Explanation:
Customer-centric approach is a business strategy in which the focus in on customer demand. The customer is given special attention by the organization to help them retain a long term relationship with the business. In such approach customer is put at core of business. This helps organization to better understand customer needs and fulfill them so the customer remains loyal to them. Macy is also focusing on Joe and has expressed that he is an important person. She is supporting her views by offering Joe extension in discounts that were applicable to him as a student.
Alt Corporation enters into an agreement with Yates Rentals Co. on January 1, 2021 for the purpose of leasing a machine to be used in its manufacturing operations. The following data pertain to the agreement:
(a) The term of the noncancelable lease is 3 years with no renewal option. Payments of $574,864 are due on January 1 of each year.
(b) The fair value of the machine on January 1, 2021, is $1,600,000. The machine has a remaining economic life of 10 years, with no salvage value. The machine reverts to the lessor upon the termination of the lease.
(c) Alt depreciates all machinery it owns on a straight-line basis.
(d) Alt’s incremental borrowing rate is 10% per year. Alt does not have knowledge of the 8% implicit rate used by Yates.
(e) Immediately after signing the lease, Yates finds out that Alt Corp. is the defendant in a suit which is sufficiently material to make collectibility of future lease payments doubtful. If Alt accounts for the lease as an operating lease, what expenses will be recorded as a consequence of the lease during the fiscal year ended December 31, 2021?
a. Amortization Expense
b. Lease Expense
c. Interest Expense
d. Amortization Expense and Interest Expense
If Alt accounts for the lease as an operating lease, these are the Amortization Expense and Interest Expense that will be recorded as a consequence of the lease during the fiscal year ended December 31, 2021. Hence, Option D is correct.
What is the meaning of the term “Expense”?An expense is something that requires paying cash, or fortune in general, to another person or organization in exchange for a good, service, or other kind of cost. Rent is an expense for a tenant. Tuition is an expense for both parents and students.
An expense is a cost a firm faces while carrying out its operations. Payroll costs, maintenance costs, rent costs, and depreciation are all expenses. Profits are calculated by deducting expenses from revenue.
These expenses will be incurred as a result of the lease throughout the fiscal year that ends on December 31, 2021, if Alt treats the lease as an operational lease.
Therefore, Option D is correct.
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38:38
Mark is a college student and frequently needs to either rent a car or borrow his friend's car. Although he doesn't own a car of his own,
he wants to buy himself some liability coverage that would apply whenever he drives someone else's car. Which coverage should Mark get?
Mark is a college student and frequently needs to either rent a car or borrow his friend's car, Mark should get Non-owner coverage.
Non-owner coverage is non-public vehicles that your business would not own, rent, or lease. Non-owned automobile coverage helps provide legal responsibility and safety if a car you haven't leased, hired, or rented is pushed on your business and is a coincidence.
In case you drive often but do not own an automobile, a non-proprietor insurance policy provides legal responsibility coverage for bodily harm and property harm, which means that it'll cover you if you're answerable for damages or injuries in a coincidence.
Non-owner vehicle coverage is for individuals who sometimes drive an automobile they don't own but need to prove insurance. It affords liability coverage that will pay for accidents and assets that harm our purpose to other humans in a twist of fate. but, it doesn't cowl damage to the automobile you have rented or borrowed, nor for any accidents.
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Which of the following is a positive consequence of equity?
A) Maintain complete control of a business
B) Must pay profits as dividends
C) Decreased tax liability
D) No legal obligation to repay funds
Magnificent Blooms is a florist specializing in floral arrangements for weddings, bo graduations, and other events. Magnificent Blooms has a fixed cost associated with space and equipment of $100 per day. Each worker is paid $50 per day. The daily production § function for Magnificent Blooms is shown in the accompanying table. © Macmil Submit All Quantity of labor (workers) 0 1 2 3 4 5 a. Calculate the marginal product of each worker. Quantity of floral arrangements 0 5 9 12 14 15 Marginal product Quantity of labor (workers) 1 2
The marginal product of each worker for Magnificent Blooms is as follows: Worker 0: N/A: Worker 1: 5: Worker 2: 4: Worker 3: 3: Worker 4: 2: Worker 5: 1
To calculate the marginal product of each worker for Magnificent Blooms, we need to determine the change in the quantity of floral arrangements resulting from each additional worker.
Here's how to calculate the marginal product for each worker:
Worker 0: Since there are no workers (0 workers), the quantity of floral arrangements is 0. Therefore, the marginal product for worker 0 cannot be calculated.
Worker 1: The quantity of floral arrangements with 1 worker is 5. To calculate the marginal product for worker 1, we subtract the quantity of floral arrangements with 0 workers from the quantity with 1 worker: 5 - 0 = 5.
Worker 2: The quantity of floral arrangements with 2 workers is 9. To calculate the marginal product for worker 2, we subtract the quantity of floral arrangements with 1 worker from the quantity with 2 workers: 9 - 5 = 4.
Worker 3: The quantity of floral arrangements with 3 workers is 12. To calculate the marginal product for worker 3, we subtract the quantity of floral arrangements with 2 workers from the quantity with 3 workers: 12 - 9 = 3.
Worker 4: The quantity of floral arrangements with 4 workers is 14. To calculate the marginal product for worker 4, we subtract the quantity of floral arrangements with 3 workers from the quantity with 4 workers: 14 - 12 = 2.
Worker 5: The quantity of floral arrangements with 5 workers is 15. To calculate the marginal product for worker 5, we subtract the quantity of floral arrangements with 4 workers from the quantity with 5 workers: 15 - 14 = 1.
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Communication response time must be faster than in the past to succeed in the modern workplace.
True
False
Answer:
TRUE
Explanation:
Answer:
true!
Explanation:
because it is
First, complete the table below
A hexagon is a polygon possessing six sides and angles. It exemplifies the traits of a regular polygon, signifying that each of its six sides measures identical lengths, while the measurment of all angled corners comprise an equivalent value (120 degrees per angle).
How to explain the shapeIt should be noted that to determine the area of a regular hexagon with regards to its side length s, refer to this formula: A = (3√3/2) × s^2.
A heptagon consists of seven pointed angles protruding from its center as well as encompassing its circumference using an equal count of respective sides attached to each corner. Such shapes can form in either regular or irregular states, however, only when uniformly oriented are they deemed "regular."
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Which of these is a correct statement regarding the fifo method of accounting for inventory? a) during periods of increasing inventory prices, the cost of goods sold will be higher. b) during periods of increasing inventory prices, lower taxable income will result. c) during periods of declining inventory prices, lower taxable income will result. d) during a period of declining inventory prices, higher taxable income will result.
The ending inventory under FIFO is determined by the most recent units bought. First In, First Out is referred to as FIFO in this context. This approach of inventory valuation prioritizes sales of the earliest-purchased items.
What does the accounting term "FIFO" mean?First in, first out (FIFO) is an uncomplicated approach of inventory valuation based on the presumption that commodities acquired or created first are sold first. This suggests that, in theory, older inventory gets distributed to customers before new inventory.
Which statement about the FIFO inventory method is accurate?The right response is d. Compared to the LIFO approach, the FIFO method will report a higher inventory balance and a lower cost of products sold in the event of rising prices.
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