Information for a firm using the dollar value (DV) LIFO retail method follows. The cost to retail (C/R) is provided along with price level indices. The data reflects the use of the method through year one. RetailRetailDV /R CostBase$2001.00$200.40$80year one801.10$88.34$30For year two, ending inventory at retail (by count) totaled $310. The ending price-level index for the year was 1.15. The cost-to-retail ratio was .42. What is the ending inventory for financial reporting purposes for this firm?A. $121
B. $108C. $106
Answers: 3
Business, 21.06.2019 19:20
Which of the following best explains why large companies have an advantage over smaller companies? a. economies of scale make it possible to offer lower prices. b. the production possibilities frontier is wider for a larger company. c. decreasing marginal utility enables more efficient production. d. increasing the scale of production leads to a reduction in inputs.2b2t
Answers: 1
Business, 22.06.2019 06:40
10. which of the following is true regarding preretirement inflation? a. defined-benefit plans provide more inflation protection than defined-contribution plans. b. because of preretirement inflation, possible investment-related growth is increased for defined-contribution plans. c. all types of benefits are designed to cope with preretirement inflation. d. preretirement inflation is generally reflected in the increase in an employee's compensation level over a working career.
Answers: 3
Business, 22.06.2019 11:00
Aprofessional does specialized work that's primarily: degree based. medical or legal. well paying. intellectual and creative
Answers: 2
Information for a firm using the dollar value (DV) LIFO retail method follows. The cost to retail (C...
Mathematics, 10.02.2020 22:49
Mathematics, 10.02.2020 22:49
English, 10.02.2020 22:49
Mathematics, 10.02.2020 22:50