Business, 09.10.2019 00:30 BluSeaa

Hiller company uses the fifo method of inventory costing because it wants to maintain a high current ratio during periods of

Answers: 1

Show answers

Answers

The Hiller company uses the FIFO method of inventory costing because it wants to maintain a high current ratio during periods of inventory valuation. The FIFO method means first in, first out method which assumes that the first product that was purchased are also the first ones to be sold.

Answer from: jeny89

Hiller Company uses the FIFO method of inventory costing because it wants to maintain a high current ratio during periods of Inflation.

FIFO means first in, first out, it is a technique that is used by companies to manage inventory and financial issues. FIFO is a valuation method in which materials or assets that a firm procured first are used, sold or are first disposed of.

Further Explanation

This method can be used for tax purposes, the evaluation method (FIFO) assumes that items that are acquired first are contained in the firm’s income statement cost of goods sold.

FIFO method can be used for many purposes and it has numerous benefits.

Some of the advantages of FIFO include:

FIFO method can be applied easilyThe valuation method can be used for cost flow assumption and it always matches the physical flow of goodsIncome can't be manipulatedThe amount on the balance sheet for inventory may likely be equal to the current market value

The main idea behind FIFO is to avoid obsolescence; a firm disposes the oldest asset first and retains the assets that are still new in inventory.

Therefore, Hiller Company uses the FIFO method of inventory costing because it wants to maintain a high current ratio during periods of Inflation.

LEARN MORE:

Hiller Company uses the FIFO method of inventory costing because it wants to maintain a high current ratio during periods of Hiller company uses the fifo method of inventory costing because it wants to maintain a high current ratio during periods of

KEYWORDS:

fifoevaluation methodoldest assetinventoryinflation

Answer from: Quest

multiculturalism is a particular subject of debate in certain european nations that are associated with the idea of a single nation within their country. critics of multiculturalism may argue against cultural integration of different ethnic and cultural groups to the existing laws and values of the country.

so yes, multiculturalism can (and usually does) result in the host country/continent losing its culture, identity and linguistics, especially due to the raw numbers of demographic transitions.

explanation:

Answer from: Quest

answer; i believe the correct answer is (tall); ///good luck

Another question on Business

Business, 22.06.2019 08:50

Suppose that in an economy the structural unemployment rate is 2.2 percent, the natural unemployment rate is 5.3 percent, and the cyclical unemployment rate is 2 percent. the frictional unemployment rate is percent and the actual unemployment rate (in this economy) is percent.

Answers: 2

Answer

Business, 23.06.2019 01:30

Akika corporation started as a small firm and has grown substantially in the past decade. its interests span from electronics to real estate and aviation. akika's board of directors have now decided to create independent business units for and categorize the actions performed under each domain. each business unit will have distinct roles and responsibilities. which of the 14 principles of fayol does this exemplify?

Answers: 3

Answer

Business, 23.06.2019 04:40

Which qualifications have an importance level higher than 60 for a career as a customer service representative? select all that apply operation monitoring mathematics service orientation reading comprehension persuasion learning strategies speaking

Answers: 1

Answer

Business, 23.06.2019 07:40

In the short-run, marginal costs are equal to the change in variable costs as output changes. ( mc = change in variable cost / change in quantity) assume that capital is fixed in the short-run. (a) start with the equation for marginal cost and derive an equation that relates marginal cost of production to the cost and productivity of labor. (b) draw a standard looking short-run marginal cost curve and use the equation you derived to explain its shape.

Answers: 2

Answer

You know the right answer?

Hiller company uses the fifo method of inventory costing because it wants to maintain a high current...

Questions