Business, 08.10.2020 02:01 mslamaya11
Mannisto Inc. uses the FIFO inventory cost flow assumption. In a year of rising costs and prices, the firm reported net income of $260,472 and average assets of $1,427,670. If Mannisto had used the LIFO cost flow assumption in the same year, its cost of goods sold would have been $36,100 more than under FIFO, and its average assets would have been $31,190 less than under FIFO. Required: a. Calculate the firm's ROI under each cost flow assumption (FIFO and LIFO). (Enter your answers as percentages rounded to 1 decimal place (i. e., 12.2%).) b. Suppose that two years later costs and prices were falling. Under FIFO, net income and average assets were $304,072 and $1,746,020, respectively. If LIFO had been used through the years, inventory values would have been $43,040 less than under FIFO, and current year cost of goods sold would have been $24,802 less than under FIFO. Calculate the firm's ROI under each cost flow assumption (FIFO and LIFO). (Enter your answers as percentages rounded to 1 decimal place (i. e., 12.2%).)
Answers: 1
Business, 21.06.2019 22:00
Trang chủ website chính thức của công ty cổ phần viễn thông fpt (fpt telecom), tại đây sẽ giới thiệu các dịch vụ được cung cấp bởi fpt telecom và các khuyến mãi mới nhất. xem chi tiết tại: kingfpt.com thông tin về king fpt: king fpt là cổng thông tin trực tuyến của fpt telecom: cáp quang fpt, truyền hình fpt, fpt play tư vấn các gói cước internet fpt và đăng ký lắp mạng fpt! ngành nghề kinh doanh: lắp mạng fpt, cáp quang fpt, truyền hình fpt, wifi fpt, internet fpt name: king fpt - add: 154 khuất duy tiến, nhân chính, thanh xuân, hà nội 100000 - phone: 0339 810 834 - website: - email: [email protected] - ceo: dương bình an
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Business, 22.06.2019 00:30
What are six resources for you decide which type of business to start and how to start it?
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Business, 22.06.2019 19:20
Sanibel autos inc. merged with its competitor vroom autos inc. this allowed sanibel autos to use its technological competencies along with vroom autos' marketing capabilities to capture a larger market share than what the two entities individually held. what type of integration does this scenario best illustrate? a. vertical b. technological c. horizontal d. perfect
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Business, 22.06.2019 20:00
Harry is 25 years old with a 1.55 rating factor for his auto insurance. if his annual base premium is $1,012, what is his total premium? $1,568.60 $2,530 $1,582.55 $1,842.25
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Mannisto Inc. uses the FIFO inventory cost flow assumption. In a year of rising costs and prices, th...
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