Business, 03.01.2020 01:31 jaxondbagley

In 2021, cps company changed its method of valuing inventory from the fifo method to the average cost method. at december 31, 2020, cps’s inventories were $38 million (fifo). cps’s records indicated that the inventories would have totaled $28.6 million at december 31, 2020, if determined on an average cost basis. required: 1. prepare the journal entry to record the adjustment. (ignore income taxes.)

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 20:10

As the inventor of hypertension medication, onesure pharmaceuticals (osp) inc. was able to reap the benefits of economies of scale due to a large consumer demand for the drug. even when competitors later developed similar drugs after the expiry of osp's patents, regular users did not want to switch because they were concerned about possible side effects. which of the following benefits does this scenario best illustrate? a. first-mover advantages b. social benefits c. network externalities d. fringe benefits

Answers: 3

Answer

Business, 23.06.2019 00:30

Three years ago, the city of recker committed to build a park and music venue by the river. it was expected to cost $2.5 million and be paid for from an additional meals tax in the community. the residents pushed back. local restaurants suffered as people ate out less or patronized restaurants in neighboring communities. the project has stalled, but the town council kept pushing it on. this spring, a flood devastated the venue. the town council appears to have suffered from bias

Answers: 3

Answer

Business, 23.06.2019 02:00

Upper a fish farm raises salmon and trout.a fish farm raises salmon and trout. the marginal cost of producing each of these products increases as more is produced. draw the firm's ppf. label it ppf1. the fish farmfish farm adopts a new technology that allows it to use fewer resources to feed the salmonfeed the salmon. draw a ppf that shows the impact of the new technology. label it ppf2.

Answers: 2

Answer

Business, 23.06.2019 02:30

Cadillac's portfolio consists of sedans, a crossover, a sport utility vehicle, and a high-performance version of the sedan. the sedans are sold through the cadillac dealer network, but the high-performance version is sold in limited volumes and is not available at all dealers. this difference in availability is an example of how the products within the cadillac portfolio are differentiated by the

Answers: 3

Answer

You know the right answer?

In 2021, cps company changed its method of valuing inventory from the fifo method to the average cos...

Questions