Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 13. a. b. c advances in computer technology, inclu

13. a. b. C Advances in computer technology, including cheaper mass memory and optical scanning,...

80.2K

Verified Solution

Question

Accounting

image
13. a. b. C Advances in computer technology, including cheaper mass memory and optical scanning, is causing more companies to change inventory methods and procedures from: Actual costing to standard costing. Standard costing to actual costing. Perpetual inventory to periodic inventory. d. Periodic inventory to perpetual inventory. None of the above. e. 14. In a period of declining prices, gross profit margin would be higher using: a b doo Average cost than FIFO. FIFO than average cost. Specific identification than average cost. FIFO than specific identification None of the above e 15. H-Lo Sporting Goods and Fast Out Sports Outlet are identical in every respect except that Hi-Lo uses FIFO and Fast Out uses average cost. Assuming merchandise costs are steadily increasing, the current ratio and profit margin for Hi-Lo, compared to Fast Out would be: Current Ratio Profit Margin Higher Higher b. Lower Lower Lower Higher d. Higher Lower None of the above a. C. e

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Future political risks, if any in Kenya

Economics
Q

Background: Sydney was a newly hired project manager at a consulting firm. She has previous experience...

General Management
Q

What is not true of connective tissue A Its matrix contains fibers B Its matrix...

Biology
Q

An individual develops a mutation that leads to pigment loss The individual later has offspring...

Biology
Q

33 Randomized Variables 0 19 5 To what percent of its original value is the...

Physics
Q

Statement 1 The magnetic field due to finite length of a straight current carrying wire...

Physics
Q

A car of mass m starts from rest and accelerates so that the instantaneous power...

Physics
Q

Currently Samsung ships 23.2 percent of the organic light-emitting diode (OLED) displays in the world....

Basic Math
Q

10 7 The test for screening donated blood for the presence of the AIDS virus...

Statistics
Q

pls help High Country, incorporated,...

Accounting
Q

Physical Units: Work in process, December 1 Stage of completion 20,000 Started in December 70%...

Accounting
Q

TV help contain viruses. Unless you need to edit, it's safer to stay in Protected...

Accounting