the inventory costing method that reports the earliest costs in ending inventory is group of answer choices

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Answer 1

The inventory costing method that reports the earliest costs in ending inventory is  LIFO.

The LIFO (Last-In-First-Out) method is an inventory valuation method where the goods procured recently are considered to be sold first while the oldest goods are considered in the ending inventory.

It displays the ending inventory's earliest expenses. When inventory is valued at cost and the purchase price remains unchanged, it is also a way of the cost that will produce the highest net income. Additionally, it allocates the most recent costs to the cost of goods sold. The generally accepted accounting standards (GAAP) have been applied to this system, which is solely employed in the United States

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The Inventory Costing Method That Reports The Earliest Costs In Ending Inventory Is Group Of Answer Choices

Related Questions

A new streaming service sent out a survey to 350 households to see who would be interested in its service. the company found that it could charge $55 per month, with a margin of error of ±1.3. if 1,000 people signed up for the service, what is the least amount of monthly revenue the company should expect? $52,815 $53,700 $54,915 $56,300

Answers

Answer:$53,700

Explanation:

Answer: B

Explanation:

I took the test

Fill in the blank: Long term disability insurance costs about ______% of your income, which is helpful as long term disabilities last on average about ______ years.

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Answer:

10%  3 years

Explanation:

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your study partner is confused by the upward-sloping short-run aggregate supply curve and the vertical long-run aggregate supply curve. how would you explain this?

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A short-run aggregate supply curve is upward-sloping as greater price leads to greater output while the vertical long-run curve remains the same at every price level.

The aggregate supply curve in the short run is upward-sloping because a higher aggregate price level leads to higher aggregate output. When price decreases aggregate output also decreases

If the nominal wages are sticky aggregate supply curve is vertical at the potential output because in the long run, all prices are flexible and changes in the aggregate price level have no effect on aggregate output. It remains fixed.

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what is the one thing that should be on all easily mistakable food items in the kitchen? a the quantity b the nutritional info c the cost d the common name

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The common name is the one thing that should be on all easily mistakable food items in the kitchen.

Meals, substance consisting basically of protein, carbohydrate, fats, and other vitamins used within the body of an organism to maintain increase and crucial tactics and to supply power. The absorption and utilization of food through the frame is fundamental to nutrients and is facilitated with the aid of digestion.

Food is any substance fed on to provide nutritional help for an organism. food is generally of plant, animal, or fungal beginning, and contains vital nutrients, which includes carbohydrates, fats, proteins, vitamins, or minerals.

Foods provide nutrients so we will develop and be energetic and healthful

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a group that managers or nonmanagerial employees form to help achieve their own goals or meet their own needs is called a(n)

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A group that managers or nonmanagerial employees form to help achieve their own goals or meet their own needs is called a(n) Informal Group.

An employee is someone who gets paid to paintings for someone or employer. employees don't want to paintings full time to be taken into consideration employees—they definitely need to be paid to work by using a corporation (the character or enterprise that pays them).

To personally do the paintings they had been hired to do. to do their work cautiously and seriously (In some cases, they could be fired or disciplined if they are frequently past due for paintings, or if they're absent too regularly or for no suitable reason.) to avoid putting themselves or others in risk.

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sam is the owner of a ten-unit apartment complex. he has just hired a new property manager to run the property. serena, the new property manager, has been drawing up a new set of management plans for the property. what should be the deciding factors in the adoption of the new plans?

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The deciding factor in the adoption of the new plans should be D. Both A and B.

The objectives of the owner shall play an important role in the management plans for his property. Any kind of management strategies shall be prepared in accordance with the objective of the owner. A property manager always has to make sure that the arrangement plans that are made meet the objectives of the owner.

The Fair Housing Laws are the laws that are made for proper house management. Any kind of apartment or house that is owned shall be managed according to The Fair Housing Laws.

Although a part of your question is missing, you might be referring to this question:

Sam is the owner of a ten-unit apartment complex. He has just hired a new property manager to run the property. Serena, the new property manager, has been drawing up a new set of management plans for the property. What should be the deciding factor in the adoption of the new plans?

A. The Owner's Objectives

B. The Fair Housing Laws

C. The Management Agreement

D. Both A and B

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the time between generating an idea for a product and completing a prototype that can be mass-manufactured is known as engineering lead time, or .

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Engineering lead time, also referred to as time to market, is the period of time between having an idea for a product and having a working prototype that can be mass-produced.

One of the most intriguing metrics you should use to assess the effectiveness of your engineering performance is lead time for changes.

The effectiveness of the development process, the complexity of the code, and the capacity of your team can all be determined by the lead time for changes. Working to shorten delivery times is one of the most intriguing speed metrics for an organization.

Simply put, Lead time for changes gauges how long it takes for a commit to reach production. The speed and calibre of your engineering team are both tied to this statistic.

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Insurance premiums, entrance fees, train fares, and organization dues are all examples of?.

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A price-setting mechanism is a method through which the market decides on a commodity's price (or the relationship between the prices of several commodities).

What is prestige pricing quizlet?Prestige pricing is the practice of charging a high price for a product in an effort to attract quality- or status-conscious customers.A pricing strategy in which prices are set high, with the understanding that lower costs will hinder rather than stimulate sales and that consumers will link a high price for the product with greater quality; also known as image pricing.Businesses employ the marketing tactic of prestige pricing to raise their profit margin and improve the perception of their brand. It's a psychological pricing approach that seeks to make things appear more expensive than they actually are to customers.

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Jeff bezos awarded which singer the courage and civility award along with $100 million to be distributed to charities as she sees fit?.

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The most recent recipient of Amazon founder Jeff Bezos' Courage and Civility award is country artist Dolly Parton. Bezos gave the music legend $100 million to contribute to any charities of her choice.

What is Amazon?

Amazon.com is a global technology company with headquarters in the US that specialises in digital streaming, cloud computing, online advertising, and artificial intelligence. It has been referred to as "one of the most significant economic and cultural forces in the world" and is one of the most valuable brands ever. It is one of the Big Five American technology companies, along with Alphabet, Apple, Microsoft, and Meta. Jeff Bezos, a former employee of a Wall Street hedge fund, started Amazon.com in 1994. He picked the name mainly because it began with the first letter of the alphabet and because it was connected to the great South American river.

Hence, Dolly Parton, a country singer, was most recently selected as the recipient of Amazon founder Jeff Bezos' Courage and Civility award. The music icon has received $100 million from Bezos to donate to any charities of her choice.

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the nominal interest rate is 8 percent and the inflation rate is 4 percent. what is the real interest rate?

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The nominal interest rate is 8 percent and the inflation rate is 4 percent.

Real interest rate= nominal interest rate - inflation rate = (8 - 4)% = 4%

Inflation refers to a fashionable increase inside the expenses of products and services in an financial system. when the general rate degree rises, every unit of currency buys fewer items and services; therefore, inflation corresponds to a reduction inside the shopping electricity of money

In June 2022, BlackRock CEO Larry Fink argued that consumer call for inside the america had remained consistent in comparison to pre-pandemic years, with deliver-chain troubles remote places being the primary cause of the put up-pandemic inflation surge.

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If lili reinhart, who stars on the cw network’s riverdale, appears on the today show and talks about her upcoming album and how great it is going to be, the viewing audience is all the more likely to demand access to it. This represents which element of the aida model?.

Answers

This reflects the AIDA model's desire component.

What is the AIDA model?

The hierarchy of effects model, also referred to as a hierarchical model, includes models like the AIDA, all of which suggest that customers go through a process of stages or processes before making a choice to buy anything.

These models are linear, sequential models based on the premise that customers pass through a succession of cognitive (thinking) and affective (feeling) stages, which end in a behavioral (doing, such as buying or trying) stage.

One of the hierarchical models that have been in use for the longest is the fundamental AIDA model.

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How does the global risks report determine which risks to include in the report?.

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Profound social instability determine which risks to include in the global risks report.

What is social instability?

The management of social change by the manipulation of a person's social position and function.

The past and anticipated growth of income, income inequality, economic insecurity, and poor governance are recognized as the four primary factors. After evaluating each of the variables in turn, the study next analyzes potential policies to lessen social instability.

Economic inequality, high young unemployment, brain drain, rising food costs, restricted access to credit, political instability, crime, corruption, inadequate social safety net protection, expropriation, and human rights violations were some of these.

According to the social instability stress (SIS) paradigm, new same-sex home-cage companions are introduced often (up to several times per week). Chronic and unpredictable bodily and psychological stress are brought on by the subsequent repeated creation of a new social hierarchy.

Ultimately, due to wealth inequality, poverty is a significant contributor to societal tensions and poses a threat to splinter the country. This happens when a nation's wealth is unfairly allocated among its people—when a small minority controls the majority of the resources.

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is it possible for a firm to experience simultaneously an increasing average product and diminishing marginal product? it is because .

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All of the inputs have the potential to alter over time and are variable. A relationship between input and output is all that is needed for a return to scale.

Expanding gets back to scale happen when what goes into the creation of merchandise is not exactly the results of creation.

No, a business cannot simultaneously experience both increasing and decreasing returns. From a mathematical perspective, it is impossible to experience both of them simultaneously because they are opposites. Diseconomies of scale can lead to either increased or decreased returns for a business. Because a company cannot simultaneously experience both increased and decreased output, it cannot experience both simultaneously.

When marginal product drops, what happens to average product?

Average product decreases if marginal product is lower than average product. Average product rises if marginal product is greater than average product.

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Which of the following would most appropriately be categorized as a tech etiquette skill?

Answers

Answ1. Knowing how to appropriately use emoticons in text-based communication

2. Knowing how to use basic features of popular social media platforms

3. Knowing how to effectively manage online interactions

3. Knowing how to effectively manage online interactions

Explanation:

roy malone owns a large piece of land in the sonoma valley. he is planning to subdivide the land into five lots for the construction of luxury homes. if roy carries through with this project, what are his roles and his next steps?

Answers

Roy is thought of as a Subdivider. A development plan should be his first step, but it must also incorporate all rules and regulations from the federal, state, and local governments.

Briefing:-

Zoning, local general and specific plans, the Subdivided Lands Law, the Subdivision Map Act, the California Environmental Quality Act.

Which governmental branch is responsible for all planning controls?

In all areas pertaining to planning, the state government has the last say. C. The state housing legislation is a uniform rule that ALL cities and counties in California are required to implement, even though laws, regulations, and ordinances must be acknowledged and adhered to at all levels of government.

Which of these private assets could be excluded from the use of eminent domain by the government?

The state is able to purchase land through eminent domain for uses such as streets, parks, public buildings, public rights-of-way, and similar ones. This is a government power grab that affects all private property.

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Centralization of decision making will be used in a ________ strategy because the dispersed global activities of the firm that create value need to be tightly coordinated.

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Centralization of decision-making will be used in a global standardization strategy because the dispersed global activities of the firm that create value need to be tightly coordinated.

What is global standardization?Global standardization is a marketing strategy that uses conventional marketing techniques to advertise goods across borders.Global standardization is used by companies and businesses that market their goods and services internationally.A global standardization plan will use centralization of decision-making because the firm's globally scattered activities that generate value must be closely coordinated.For instance, the Coca-Cola Company employs global standardization in marketing by maintaining a largely same product presentation throughout markets. When several languages are shown on the items, the corporation nevertheless employs the same design theme.

Therefore, centralization of decision-making will be used in a global standardization strategy because the dispersed global activities of the firm that create value need to be tightly coordinated.

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_____ are the entire category of marketing intermediaries that move the product further downstream in the channel without significantly altering the form.
Resellers

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Resellers are the entire category of marketing intermediaries that move the product further downstream in the channel without significantly altering the form.

What do you mean by Marketing Intermediaries ?

Market Intermediaries helps in the flow of goods and services from producers to end-users.They majorly include various agents, wholesalers and retailers.They act as a link in the distribution process.They help in promoting, selling through digital product catalogs, and delivering business to consumers. A reseller can be defined as a channel partner that acts as an intermediary between companies and consumers.

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a useful guideline in designing strategy-facilitating policies and operating procedures is . a. to prescribe enough policies to give organizational members clear direction in implementing strategy and to place reasonable boundaries on their actions. this then empowers them to act within these boundaries in pursuit of company goals b. that strictly enforced policies work better than loosely enforced policies c. that more policies/procedures work better than fewer policies/procedures, and that strict enforcement always beats lax enforcement d. to let individuals act in an empowered and self-directed way, subject only to the constraint that their actions and behavior be ethical and in step with the corporate culture e. to prescribe enough policies and procedures that little is left to chance in performing value chain activities, and employees should have no leeway to do things in a manner that deviates from the company's best-practices standard

Answers

A useful guideline in designing strategy-facilitating policies and operating procedures is (a) to prescribe sufficient policies that will provide organizational members with clear guidance in carrying out a strategy and establish acceptable bounds for their behavior.

The next step is to give them the freedom to act any way they see fit within these parameters. Strategic management and business policy are closely intertwined since business policies are essentially just strategies in effect. The company policies would be designed to meet the strategy, for example, if it calls for increasing market share.

The two names are frequently used interchangeably because of how closely they are related. Strategies turn into policies, and vice versa.

The distinction between business policies, which are the specific procedures for managing the organization on a daily basis, and strategic management, which is a mindset or corporate philosophy, is crucial for business owners to understand.

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the maybe pay life insurance company is trying to sell you an investment policy that will pay you and your heirs $27,000 per year forever. if the required return on this investment is 6.3 percent, how much will you pay for the policy?

Answers

If the required return on this investment is 6.3 percent, Present value = $428571.4286 rounded off to $428571.43.

Investing is using money to buy an asset and increase its value over a period of time. Making an investment requires sacrificing your current assets such as time, money, and effort. In finance, the purpose of investment is to generate profit from the assets invested.

An investment is an asset or item acquired for the purpose of income or capital appreciation. Valuation refers to the increase in value of an asset over time. When a person purchases a good as an investment, the intention is not to consume the good, but to use it to create wealth in the future.

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product placement is utilized with the intent to: select one: a. improve the corporate image. b. generate exposure, brand awareness, and interest. c. relate the product to an event. d. deal with negative attention related to the company. e. generate exposure in various news media outlets.

Answers

In order to increase exposure, brand awareness, and interest, product placement is used.

How can brand recognition be improved?

Make a brand that will endure.

the background of a brand.

Add value in addition to your goods.

Create items that people may share.

Participate in your community.

Give a present.

Conduct contests on social media.

Apply social algorithmic techniques.

What are the four brand awareness levels?

A brand awareness pyramid can be used to visualize the four levels of brand awareness. Zero brand awareness, recognition, brand recall, and top of the buyer's mind are the levels of brand awareness according to marketing guru David Aaker's brand loyalty pyramid.

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suppose a stock had an initial price of $80 per share, paid a dividend of $.60 per share during the year, and had an ending share price of $88. compute the percentage total return. (

Answers

Return from stock has two parts. They are-

1. Dividend yield

2. Capital gain/ loss- It is the difference between starting price of the stock and the ending price. At starting price stock is purchased. At the end price, it can be sold. Therefore return from stock is-

[tex]\frac{Dividend\textup{}+\textup{Capital gain/loss}}{\textup{Initial price}}\times 100[/tex]

[tex]=\frac{\$ 0.60+\left ( \$ 88-\$ 80 \right )}{\$ 80}=10.75%[/tex]

Income typically consists of dividends, interest, and securities lending fees. This term is contrasted with price yield, which only considers capital gains on investments. Return on Investment (ROI) is a rough measure of the profitability of an investment. ROI is finally calculated by subtracting the initial cost of the investment from the final value and dividing this new figure by the cost of the investment.

Price returns typically capture capital gains or losses excluding coupons and dividends. Total return, by contrast, captures capital gains as well as income from coupons and dividends. ROI is his return per dollar invested. ROI is calculated by dividing your dollar return by your initial investment.

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joe's applying for a mortgage that meets all of the fannie mae/freddie mac criteria. based on this, how would we classify this loan?

Answers

The best way to categorize or classified this loan is as a traditional mortgage loan.

A traditional mortgage loan is what?

This is a conforming loan, which basically implies that it complies with Freddie Mac or Fannie Mae's standards.

This kind of mortgages have fixed interest rates, which means that they remain the same for the course of the loan. Additionally, because they are not federally guaranteed, banks and creditors have stricter lending requirements for them.

In conclusion, Fannie Mae and Freddie Mac are companies that are supported by the government and that buy mortgages from lenders and sell them to investors.

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what is the point at which the operational control of ownership changes from the isp to united states cyber command?

Answers

The demarcation point or demarc is the point at which the operational control or ownership changes from your company to a service provider.

A political demarcation line is a geopolitical border, frequently agreed upon as a part of an armistice or ceasefire. Moroccan Wall, delimiting the Moroccan-managed part of Western Sahara from the Sahrawi-managed component the line of Demarcation became one precise line drawn alongside a meridian inside the Atlantic Ocean as a part of the Treaty of Tordesillas in 1494 to divide new lands claimed by using Portugal from the ones of Spain. This line changed into drawn in 1493 after Christopher Columbus again from his maiden voyage to the Americas.

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in the basic model with ad and lras curves only, if spending growth is 10% and the solow growth rate falls from 5% to 3%, then inflation will:

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In the basic model with an AD and LRAS curve only, if spending growth is 10% and the Solow growth rate falls from 5% to 3%, then inflation will increase from 5% to 7%.

What transpires to LRAS as AD declines?This is what will take place: Since the economy's capacity has diminished, LRAS moves to the left. Since these regulations raise the cost of production, SRAS will likewise decline until output has reached its pre-regulation level.A curve that depicts the correlation between price level and real GDP that would exist if all prices, including nominal wages, were completely flexible; prices can vary along the LRAS, but output cannot because it represents the output at full employment.The curve shifts to the right as the production factors rise, while a decline in the production factors will result in a movement to the left.

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What is the opportunity cost for the united states to produce diamonds? 6 thousand units of corn one-sixth of a thousand units of corn 4 thousand units of corn one-fourth of a thousand units of corn

Answers

The opportunity cost for the united states to produce diamonds is 6 thousand units of corn.

What is Opportunity cost?

The profit foregone when one option is chosen over another is known as the opportunity cost. Simply serving as a reminder to consider all viable options before making a choice, the idea is helpful.

Opportunity cost is not always monetary in nature. Other possible uses of time are also included.

Since it can be too challenging to compare two choices quantitatively, the concept of opportunity cost does not always hold true. It functions best when there is a standard unit of measurement, such money spent or time put in.

Opportunity cost is not an accounting concept and is therefore not recorded in the financial records of a business. This idea only applies to financial analysis.

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if the minimum wage is set above the equilibrium market wage, it group of answer choices does not affect the market equilibrium. is lower than firms are willing to pay for labor. is effective and reduces unemployment. increases unemployment.

Answers

When the minimum wage is set above the equilibrium market wage then it  increases unemployment.

How can the minimum wage increase unemployment?

When the minimum wage is set at such a point that it is above the equilibrium market wage, then there is a good chance that this can lead to increased unemployment in an industry, market, or nation.

The reason for this is simply that employers would not be willing to pay such a high minimum wage that it above the  equilibrium market wage. They will therefore hire less workers than before, thereby meaning more people out of a job.

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what presents an effective technique to improve cash management? multiple choice slow down both the payment and collections of cash. speed up cash payments and slow down cash collections. speed up cash collections and slow down cash payments. speed up both collections and payments of cash.

Answers

The correct option is speed up cash collections and slow down cash payments.

Controlling cash flow and managing the company's operations economically, efficiently, and effectively are made possible by good cash management. By doing this, the company can lessen business disruptions, run smoothly and effectively, and secure its long-term development and viability.

Working capital balances are a crucial component of managing cash flow because they demonstrate how many current assets a business has to offset its current liabilities.

Simple goals for cash management include maximising liquidity, controlling cash flows, and maximising the value of funds while minimising their cost. Various levels of long-term planning are necessary as part of the strategies for achieving these goals.

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Which of the following statements is TRUE?

A. Your portfolio should have a higher allocation toward bonds
and cash equivalents right before you retire.

B. You should try to maximize your investment earnings right
before you retire.

C. Both A and B

D. Neither A nor B

Answers

a) Your portfolio should have a higher allocation toward bonds and cash equivalents right before you retire

when the reorder point r exceeds q*, the difference is backorders. surplus inventory. safety stock. one or more outstanding orders.

Answers

When the reorder point r exceeds q*, the difference is one or more outstanding orders.

The reorder point is the extent of stock which triggers an movement to refill that precise stock stock. it's far a minimum quantity of an item which a company holds in inventory, such that, when inventory falls to this quantity, the item ought to be reordered.

Reorder quantity is the number of merchandise you order from a dealer, where the reorder point is the predetermined wide variety of devices you have left reachable at which you want to reorder more stock out of your supplier or you'll run out.

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short-term finance is concerned with current assets and current liabilities, whereas long-term finance is concerned with blank .

Answers

Short-term finance is concerned with current assets and current liabilities, whereas long-term finance is concerned with dividend policy, capital structure, and capital budgeting.

Liabilities are debts that a business owes to third-party creditors. Notes payable and bank debt can be part of accounts payable. Companies are in debt to grow faster. The balance between a company's liabilities and assets makes it stable. In financial accounting, a liability is defined as a sacrifice of future economic benefits that an entity is obligated to make to other entities as a result of past transactions or other events. other events in the past. can be classified into three categories: current, non-current and random.

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