A method of allocating merchandise cost that assigns the most recent purchased costs to the ending inventory shown on the balance sheet is called thea. last-in, first-out method.
b. first-in, first-out method.
c. specific identification method.
d. weighted-average method.

Answers

Answer 1

Answer: The answer is B. First in, first out method

Or commonly known in accounting as the FIFO method, is inventory valuation method where the first goods purchased by company is also the first goods sold.

By doing that, this will make the last goods purchased ( the most recent purchased) by the company became company ending inventory.

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Which of the following statements is correct? Group of answer choices Women own about 5 million businesses in the United States. Minority business owners pay lower federal tax on profits than men do. Women are almost always sure to succeed. The risk of failure for women-owned businesses is lower than average. Women are starting businesses at about the same rate as men.

Answers

Answer:

The risk of failure for women-owned businesses is lower than average.

Explanation:

It has been found that although women owned businesses had lower sales and general performance than male-owned businesses, the also tend to have a lower failure rate.

This could be due to higher emotional intelligence in women that results in better employee dedication and better relationships with external partners.

Of the following sets of accounting entries, which one correctly records the purchase of a piece of equipment? A : a $15,000 increase in cash and a $15,000 decrease in equipment, both entered on the same date B : a $5,000 decrease in cash, a $15,000 increase in notes payable, and a $20,000 increase in equipment, all entered on the same date C : a $14,000 decrease in cash, a $4,000 increase in notes payable, and a $10,000 increase in equipment, all entered on the same date D : a $16,000 decrease in notes payable and a $16,000 increase in equipment, both entered on the same date

Answers

Answer: The correct answer is B : a $5,000 decrease in cash, a $15,000 increase in notes payable, and a $20,000 increase in equipment, all entered on the same date.

Explanation: The option B is correct because we are accounting for a purchase of a piece of equipment. The options in the questions show that the purchase was partly through cash and partly through notes payable. Since that is the case, the appropriate entries should record a cash outflow (credit to cash to decrease it), increase in notes payable as a result (credit to notes payable to increase) and subsequently, increase in equipment (debit to equipment). So, the total credits equal the total debit.

How does the expenditure approach calculate GDP?a. It adds up all the incomes in the economy.
b. It adds up the value of four groups of final goods and services.
c. It adds up the value of business goods and services.
d. It adds up the value of consumer goods and services

Answers

How does the expenditure approach calculate GDP?

b. It adds up the value of four groups of final goods and services.

The 4 groups are:
1) Consumption
2) Government spending
3) Investments
4) Net Exports

The correct answer is B. It adds up the value of our groups of finals goods and services

Including positive personal qualities on your résumé can help compensate for lack of paid work experience.A.True
B. False

Answers

Answer:

True

Explanation:

Employers analyse and examine resume to find the best candidate for the job. Employers look for different qualities in a candidate such as personal qualities, education, work experience etc. If a person has less work experience - employers generally look for personal qualities, and it is said that personal qualities can compensate for a lack of work experience.

A client-server relationship is the basic form of a

Answers

confidentiality! which i love because if they don't go by this then it's their but.

Answer: computer network

Explanation: I think this would be the best option, please add a comment and correct me if I’m incorrect. I hope this helps y’all though

Which economic indicator would be most useful for figuring out how many goods are being sold to consumers?a. consumer price index
b. retail sales
c. new housing construction
c. gross domestic product

Answers

The economic indicator that would be most useful for figuring out how many goods are being sold to consumers is retail sales. Thus the correct option is B.

What is the economy?

The economy of any country is determined by the ratio of production and consumption that takes place within a year and evaluates the flow of funds in the market by analyzing the purchasing parity of an individual.

An understanding of an economic growth state is provided through economic indicators. The gross domestic product, or GDP, is used to evaluate how well the economy is doing based on the items that consumers buy during a predetermined time period.

In order to follow consumer demand for completed goods, one important macroeconomic indicator is retail sales. It is mainly useful for determining how many products are sold to consumers.

Therefore, option B is appropriate.

Learn more about the economy, here:

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Answer:

Retail sale

Explanation:

Other Questions

Which of the following is a true statement?a) Government regulators agree that all mergers are beneficial to consumers.b) Government regulators agree that few mergers are beneficial to consumers.c) The government approves most proposed mergers.d) The government disapproves most proposed mergers.

Cosmetic Profits. Sally is the executive vice president of Big Name Cosmetics Company. Through important and material, nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. It is expected that stock in Big Name Cosmetics will rise dramatically at that point. Sally immediately buys a number of shares of her company's stock. She also tells her friend Alice about the expected purchase of stores. Alice wanted to purchase stock in the company but lacked the funds with which to do so. Although she did not have the funds in Bank A, Alice decided to draw a check on Bank A and deposit the check in Bank B and then proceed to write a check on Bank B to cover the purchase of the stock. She hoped that she would have sufficient funds to deposit before the check was presented for payment. Of which offense is Sally guilty, if any, in purchasing stock of her company?

One bag of flour is sold for $1.00 to a bakery, which uses the flour to bake bread that is sold for $3.00 to consumers. A second bag of flour is sold to a consumer in a grocery store for $2.00. Taking these three transactions into account, what is the effect on GDP?a.GDP increases by $2.00.b.GDP increases by $3.00.c.GDP increases by $5.00.d.GDP increases by $6.00.

Suppose that real domestic output in an economy is 2400 units, the quantity of inputs is 60, and the price of each input is $30. If productivity increased such that 3000 units are now produced with the quantity of inputs still equal to 60, then per-unit production costs would: