This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following methods is appropriate for a business whose inventory consists of a ... (Read 74 times)

ENagel

  • Hero Member
  • *****
  • Posts: 540
on: Jul 5, 2018
Which of the following methods is appropriate for a business whose inventory consists of a relatively small numberof unique, high-cost items?
 a. FIFO
  b. LIFO
  c. average
  d. specific identification

Question 2

On February 12, Horseshoe Bend Company purchases 25,000 of merchandise from a vendor with credit terms of 2/10, n/30. If Horseshoe Bend pays the vendor on February 21, the amount of the payment should be ________.
 
  A) 25,000
  B) 24,500
  C) 22,500
  D) 27,500


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lou

  • Sr. Member
  • ****
  • Posts: 286
Reply #1 on: Jul 5, 2018
Answer to Question 1

d

Answer to Question 2

B


ENagel

  • Member
  • Posts: 540
Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

bulacsom

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Methods to Document Peripheral Pulses A. Stick Figure Peripheral Pulse Documentation B. Tabular Peri Methods to Document Peripheral Pulses A. Stick Figure Peripheral Pulse Documentation B. Tabular Peri
Teaching methods based on patients developmental capacity Teaching methods based on patients developmental capacity
HLA genotyping by 2 different methods. HLA genotyping by 2 different methods.
A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water. A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water.
Methods to prevent pregnancy Methods to prevent pregnancy
Math for Business and Finance: an Algebraic Approach, 3rd Edition Jeffrey Slater Math for Business and Finance: an Algebraic Approach, 3rd Edition Jeffrey Slater
Video: Inflammation

For a complete list of videos, visit our video library