for internal record keeping, most companies carry their inventory using the _____ basis.

Answers

Answer 1

Answer: FIFO

Explanation:


Related Questions

what is the name of the cost allocation method used for intangible assets?

Answers

Answer:

coast allocation for assets is known as amortization. for intangibles. Depreciation, depletion, and amortization are processed of. cost allocation, not valuation.

Explain why it is important to maintain good relationships with: a) Colleagues. b) Supervisors. c) Internal clients. d) External clients

Answers

Answer:

c

Explanation:

the price elasticity of demand of a straight-line demand curve is

Answers

Explanation:

Elasticity along a straight line demand curve varies from zero at the quantity axis to infinity at the price axis

8. One of Hope's coworkers quits, and during the next pay period Hope works 60 hours instead of 40 to help cover
the shifts. Which of Hope's deductions will definitely change as a result?
a. Her Federal tax
b. Her health
C. Her dental
d. Her retirement

Answers

Answer:

A

Explanation:

The aspect of Hope's deductions that will definitely change as a result is Her Federal tax

Federal income taxes are simply known to be collected by the federal government to pay their bills

State taxes are often collected by individual state governments to pay their specific state bills.

Income tax are simply regarded as Taxes on income, both earned in salaries, wages, tips, commissions and also those unearned in form of interest and dividends.

Conclusively, Income taxes can be levied on both individuals and businesses.

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beginning inventory is $60,000. purchases of inventory during the year are $100,000. cost of goods sold is $120,000. what is ending inventory?

Answers

Answer:

Beginning inventory is $60,000. Purchases of inventory during the year are $100,000. Cost of goods sold is $120,000. What is ending inventory? $40,000

Explanation:

PLEASE HELP ASAP, I WILL MARK BRAINLIEST
-economics

What is one strategy banks use to make sure people pay back their loans on
time?
A. Criminal prosecution for late payments
B. Increasing credit scores for late payments
C. Charging fees for late payments
D. Lowering interest rates for late payments

Answers

Answer:c

Explanation:because they would have to pay more over time

the suffix .org is used for domain names of what type of organizations?

Answers

It used by non-profit and trade organizations. For example, "redcross.org" and "change.org". Hope this helps!

QUESTION 4 of 10: When estimating income, it is better to be:
a) A little low
b) A little high
c) Either, it doesn't matter

Answers

Answer:

A, it should be a little low

Hope this help please give the brainliest award.

B) a lil high because you need to be able to have extra money just in case some was to happen.

why is the McDonald ice cream machine always broken?

Answers

Answer:

its broken again XD

Explanation:

But as the answer to this question

*DEEP DRAMATIC SIGH*

We may never know my dude hang in there!!!!

What pricing strategies do McDonalds use.

Answers

Broke people ones …..

a $50,000 loan is to be amortized over 7 years, with annual end-of-year payments. which of these statements is correct?

Answers

Proportion of each payment that represents interest as opposed to repayment of principal would be lower if the interest rate were lower.

Amortization is the process of gradually paying-off of debt through scheduled installments that include the component of principal and interest.

The amortization tables helps to keep track of amount owed and when payment is due.

The table also shows how much to be paid at required intervals (i.e. monthly, bi-monthly, quarterly etc)

As the repayment and period of payment increase, the outstanding debt keeps decreasing as well.

The rate of interest determines the amount of repayment to be made at each interval

Therefore, if the interest rate were lower, then, the repayment of principal would be lower as well.

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Why is it important to have an organized business?​

Answers

Answer: According to "licenter.org" it states, "If your business is not properly organized, tasks can pile up, paperwork gets lost, and valuable time is spent on finding information that should be readily available. ... Getting organized can increase your productivity, ramp up your revenue, and cut down on your risks."

going to the movies is an example of what types of expenses?

Answers

Discretionary (non-essential) expenses

when individuals choose which information inputs will reach their awareness and ignore other inputs, they are using

Answers

They are using Selective exposure

Suppose your expenses for this term are as follows: tuition: $5,000, room and board (housing and food): $6,500, books and other educational supplies: $1,500. Further, during the term, you can only work part-time and earn $4,000 instead of your full-time salary of $14,000. What is the opportunity cost of going to college this term, assuming that your housing and food expenses would be the same even if you did not go to college

Answers

Answer:

so the total expenses would be $13,000

you made $4,000

that would leave us with $9,00

to answer your question, it would be:

$13,000

- $5,000

--------------

$8,000

$8,000

-$4,000

-------------

$4,000 total!

Explanation:

please mark brainliest if correct <3

If you earn 7.5% interest in one year on your $ 3000 investment and pay 20%
interest in one year on a credit card balance of $ 1500, how much money did you
make (or lose)?
A. -$275.
B. -$75.
C. +$75.
D. +$275.

Answers

Answer:

B. -$75

Explanation:

accumulated depreciation and depreciation expense are classified, respectively, as

Answers

Answer:

Expensive, contra asset

Explanation:

Katy Mills Mall contains two department stores, numerous specialty stores, a multi-screen movie theater, and various restaurants. Because it does not contain any convenience stores, Katy Mills Mall is an example of a(n) _____ shopping center.

Answers

Because it does not contain any convenience stores, Katy Mills Mall is an example of a(n) _____ shopping center.

Regional

A regional shopping center is a large shopping area which is meant to provide goods and services to people living in a particular area or state and must contain at least a departmental store, and any number of speciality stores.

According to the given question, we are told that Katy Mills Mall has two department stores  which are specialty stores, a movie theater and various restaurants.

However, because this shopping center does not contain any convenience stores, then it is a regional shopping center

Therefore, the correct answer is Regional

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during her recent performance appraisal, veasna learned that her manager thinks she has a good attitude and emerging leadership potential. veasna’s manager seems to be using a _____ appraisal.

Answers

An appraisal is used to evaluate an employee's performance on the job. The performance appraisal type that was used when Veasna learned that her manager thinks she has a good attitude and emerging leadership potential is;

360-degree

360-degree performance appraisal is the type where employees who are subjected to performance appraisal are given feedback by the person who performed the appraisal.

We see this in the case of Veasna who received positive feedback from her manager. She can then feel encouraged and work harder.

Summarily, the 360-degree performance appraisal was used for Veasna.

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True Stories Company sold the rights to a documentary film. They are expecting significant revenue in Year 1. The revenue stream is expected to decrease steadily until it reaches zero in Year 5. Based on this Which depreciation method should be used to most closely match the expense to the revenue stream the asset produces

Answers

The best depreciation method for this company is the double-declining-balance

In economics, depreciation occurs when a product gradually loses its value. The most common causes of depreciation are:

The product becomes obsoleteWear and tear of the productThe product's popularity decreases

Moreover, there are different methods to understand this decline in value that include:

Double-declining balanceStraight lineUnits-of-production

The double-declining balance method implies depreciation is not constant over the years but as years pass the depreciation increases. This method applies to True Stories Company because it is expected the documentary film becomes less and less popular every year, and therefore depreciation is accelerated not constant.

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This is a case study adopted from the book of Crispina R. Corpuz. "Reyes Department Store" Based on the review of the store, Nicole, the general manager concluded that one of the first things she has to attend involves developing the job description of her store supervisor. During her first few weeks on the job, Nicole found herself asking one of her supervisors, Jet, why was he violating what she knew to be part of the company policies and procedures. Jet’s only response was that he was not aware of that policy and was not aware it was part of his job. Nicole knew that a job description, along with a set of standards and procedures that specify what was to be done and how to do it, will go a long way toward alleviating the problem. Discuss the process that Nicole should follow to solve this problem.

Answers

In order to Nicole to solve this problem, she must reevaluate the job description and company policies and procedures, and then include certain specifications that will make employees more aware of their roles within the company.

Nicole is the general manager of the Reyes Department Store, so she acted correctly when she noticed inconsistent conduct by one of her supervisors and identified the problem.

She then realized that she should carry out a job description along with standards and procedures that specify what should be done and how to do it.

A job description is a document that specifies the responsibilities and activities of each organizational role.

Its objective is to adapt professionals to their work position according to their profile and optimize people management, creating greater standardization of processes and agility in decisions.

Therefore, job descriptions must always be monitored and revised so that new needs are included and so that employees can carry out their role effectively.

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hinguys im back!!!
folloe nyo ko pingay ko points ko sa inyo
dont forget folloe​

Answers

Answer:

hii have a great day ahead tq for the points

On December 15, 2021, Rigsby Sales Co. sold a tract of land that cost $4,000,000 for $5,000,000. Rigsby appropriately uses the installment sales method of accounting for this transaction. Terms called for a down payment of $490,000 with the balance in two equal annual installments payable on December 15, 2022, and December 15, 2023. Ignore interest charges. Rigsby has a December 31 year-end. In 2021, Rigsby would recognize realized gross profit of:

a. $1,400,000.
b. $126,000.
c. $450,000.
d. $0.

Answers

I think that its either A or C

a retailer acquires merchandise for resale. how would this be recorded in a perpetual inventory system?

Answers

Debited to the inventory account.


Hope this helps!

what is the difference between ordered list and unordered list?

Answers

Plz try explaining the question in its full extent so I can try to help. Like what do you mean (“Ordered and Unordered list”)

Many businesses use find-a-hand, a professional staffing agency because of the employees’ expertise in recruiting and selecting workers that match the needs of their business clients. in a swot analysis, the employees’ high levels of knowledge are an example of the find-a-hand’s:

Answers

It is an example of Strength in SWOT Analysis.

SWOT Analysis is a strategic planning technique used for identifying and analyzing internal strengths and weaknesses in an organization includes the Strength, Weakness, Opportunities and Threat.

Professional staffing agency isused by organization to recruit qualified workers into the organization.

But, employees’ with high levels of knowledge can also perform the purpose for business client, so, this situation forms part of the Strength factor for such organization.

In conclusion, an example of the find-a-hand’s forms the Strength in the SWOT analysis of the company.

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what is the cost allocation method called that is used for natural resources?

Answers

Answer:

The process of allocating the cost of plant and equipment over the periods they are used to produce revenues is known as depreciation. For natural resources, this process is called depletion, and for intangible assets it is called amortization.

Explanation:

What does SSQ stand for?

Answers

Answer:

Special Skills Qualification (most likely)

Explanation:

There are many different things it could stand for, however since you did not specify the context of this, I am assuming it would be this as it is most common.

Special skill qualification

select all of the statements that discuss one of the problems with price gouging laws that prevent prices from rising to the new market equilibrium after a disaster.

Answers

Companies raise prices to unjust levels when they engage in price gouging. There is no set definition of what constitutes price gouging, but it happens frequently.

The statements that discuss one of the problems with price gouging laws that prevent prices from rising to the new market equilibrium after a disaster are:

1. When prices rise after a disaster, consumers are encouraged to produce less of the good and leave some for others to purchase; price gauging laws short-circuit this effect.

2. When prices rise after a disaster, producers are encouraged to produce more of the good and bring it to the disaster area; price gauging laws short-circuit this effect.

3. Price gauging laws do nothing to address the underlying issues that cause shortages after a disaster. In fact, they often make the problem worse.

Price gouging frequently happens when there is a rapid increase in demand for a specific good, service, or commodity, such as in the case of catastrophes and natural disasters.

The desire for luxuries and non-essential goods decreases in times like these, which causes many firms to lose the sales they typically rely on. In an effort to counteract this loss and stay in business, shops may hike the prices of necessities.

On the other hand, if demand for necessary goods or services surges abruptly, the supply may become severely constrained and prices may rise even further.

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#SPJ12

Your question seems to be incomplete, but most probably the complete question was:

Select all of the statements that discuss one of the problems with price gouging laws that prevent prices from rising to the new market equilibrium after a disaster. True Statement about Price Gouging Drag appropriate answer(s) here ✓

Price gouging laws keep prices low after a disaster. This forces consumers to buy less of the good than they otherwise would.

When prices rise after a disaster, consumers are encouraged to consume less of the good and leave some for others to purchase; price-gouging laws short-circuit this effect.

When prices rise after a disaster, producers are encouraged to produce more of the good and bring it to the disaster area; price-gouging laws short-circuit this effect.

Price gouging laws reduce shortages after a disaster by keeping prices low. Price gouging laws do nothing to address the underlying issues that cause shortages after a disaster. In fact, they often make the problem worse,

Price gouging laws keep prices low after a disaster. This forces producers to produce more of the needed goods.

latoya filed her tax return on february 10th this year. when will the statute of limitations expire for this tax return?

Answers

Answer:

The statute of limitations generally ends three years from the laterof (i) the date the tax return was actually filed (3 years from February 10th of this year) or (ii) the tax return’s original due date (3 years from April 15th of this year).Accordingly,Latoya’s statute of limitations for the tax return will end 3 years from April 15th.

Explanation:

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