Never results in either the highest or lowest possible net income Rar.docx

•Download as DOCX, PDF•

0 likes•2 views

This document discusses different inventory costing methods. LIFO assigns the cost of the latest purchases to ending inventory and produces the highest gross profit when costs are decreasing. FIFO assigns the earliest costs to cost of goods sold and produces the highest ending inventory when costs are increasing. The weighted average method is rarely used with a perpetual inventory system.

Education

Never results in either the highest or lowest possible net income Rarely used with a perpetual
inventory system Cost of the latest purchases are assigned to ending inventory Widely used for
tax purposes Does not follow the physical flow of goods in most cases Prohibited under
International Financial Reporting Standards (IFRS) Produces the highest gross profit when costs
are decreasing Produces results that are similar to the specific identification method Assigns the
same value to all inventory units Produces the same cost of merchandise sold under both the
periodic and the perpetual inventory systems Produces the highest ending inventory when costs
are increasing LIFO Weighted average FIFO
Solution
LIFO â€“ Cost of Latest Purchases are assigned to ending inventory
FIFO- Produces the highest ending inventory when costs are increasing
Weighted Average â€“ Rarely used with a perpetual inventory system .

Similar to Never results in either the highest or lowest possible net income Rar.docx

Accounting for Inventory

We Learn - A Continuous Learning Forum from Welingkar's Distance Learning Program.

IAS accounting final presentation

bilal khan

Inventories and the Cost of Goods Sold

Muhammad Unaib Aslam

Inventory pricing & valuation

Kalpana Udhaya

Cost of sales

Khalid Aziz

6 inventory valuation

Karan Kukreja

Process Cost Systems What type of product or business would use a process cost system? What does it cost production report? Does it track units and costs? What about partially completed units? Understand what FIFO and LIFO are and how the use of each affects COGS, profits and taxes. Method for Allocating Costs: What is an equivalent unit? Are equivalent units tracked separately for direct materials and conversion costs? Why? Be able to compute Equivalent units for Materials and Conversion costs. Know why it matters whether costs are added at the beginning (materials usually) or along the way in stages (conversion costs usually). You need to understand how this is done. Be able to derive the Direct Materials Cost per Equivalent Unit and the Conversion Cost per Equivalent Unit. Then, be able to allocate costs to the units in a given Stage of Production. How do you calculate the Yield of a process? Understand and be able to use the weighted average method to determine the allocation of factory overhead..

Process Cost SystemsWhat type of product or business would use a p.pdf

agmobiles

Similar to Never results in either the highest or lowest possible net income Rar.docx (7)

Accounting for Inventory

IAS accounting final presentation

Inventories and the Cost of Goods Sold

Inventory pricing & valuation

Cost of sales

6 inventory valuation

Process Cost SystemsWhat type of product or business would use a p.pdf

More from altonm

Nuclear disarmament should result in the retrieval of large amounts of plutonium from nuclear weapons that are being destroyed. Suggest one method for disposing of this plutonium and one method for repurposing this material. Some people have suggested that radioactive waste should be shot to the sun or outer space. List two reasons that this is not an attractive disposal method. Solution There are several methods to dispose of nuclear waste. However all methods have certain advantages and disadvantages. We cannot use storage containers to dispose plutonium because of its great half life of around 24000 years. We can bury it deep down but it has been proved dangerous . Plutonium can be used to power the reactors but it is a lot more expensive then we think. It is better to dispose off plutonium in water ponds and make use as needed. Why disposing nuclear waste in space is not a good option ????? It would be too costly, but there is a bigger reason not to launch nuclear waste into space: safety. The failure rate may be good enough when the only lives at stake are those who willingly went aboard, but when there is a chance that an explosion in the atmosphere will disperse nuclear waste over a wide area, the failure rate must be much, much lower. It would be a very, very, very bad idea to leave nuclear waste in LEO, so you would actually need to blast it off to deep space. This is exponentially more expensive. Further, if we balst it into space, the material may make an orbit around earth which will affect the incomping sunlight and may enter earth\'s atmosphere because of high half life .

Nuclear disarmament should result in the retrieval of large amounts of.docx

altonm

Nomenclature Practice Problems Ch 20 Part I For compounds represented by the following formulas, what is the systematic name for the compound? 1. Na[CoF] 2. [Al(H2O)2(en)2](NO3)3 3. Pd(NHs)2(CN)2 4. [Ru(en)]Brs 5. K?HgCl2BT2] Part II For compounds whose systematic name is provided below, what is the formula? 1. tris(ethylenediamine)manganese(II)sulfate 2. ammonium tetrahydroxochromate(III) 3. diaquatetraamminetin(IV) nitrate 4. potassium hexacyanomanganate(II) 5. sodium dioxalatocuprate(II) Solution part1 1. sodium tetrafluorocobaltate(III) 2. diaquadiethylenediaminealuminiium(III) nitrate 3.diaminedicyanopaladium(II) 4. tris(ethylenediamine)ruthenium(III) bromide 5. potassium dibromotrichloromercurate(II) Part II 1. [Mn(en) 3 ]SO 4 2. NH 4 [Cr(OH) 4 ] 3. [Sn(H 2 O) 2 (NH 3 ) 4 ](NO 3 ) 4 4. K 4 [Mn(CN) 6 ] 5. Na 2 [Cu(C 2 O 4 ) 2 ] .

Nomenclature Practice Problems Ch 20 Part I For compounds represented.docx

altonm

NO2 is a yellow gas responsible for the brownish haze that builds up periodically over large cities like Los Angeles. NO2 readily decomposes to NO + O in sunlight (a reaction called photodissociation ). NO2 + hv -> NO2* -> NO + O ground state excited state You can assume the relevant part of the molecular orbital diagram for NO2 (HOMO and LUMO) closely resembles the diagram for O3, shown above (although the number of valence electrons is not the same). b. Which electronic transition (movement of electron from one orbital to another) accounts for the yellow color? c. Explain why the excited state molecule is more likely to undergo photodissociation than the ground state. Solution Nitrogen dioxide has one unpaired electron which makes very reactive.nitrogen dioxide gas is also very toxic. When heated to higher temperatures its color becomes dark and eventually brown gas. When it is cooled down, the color becomes yellow then more paler and subsequently colorless. The color of nitrogen dioxide gas is consequence of absorption of light in 400- 500 nm region. The brown color is complimentary color of green - blue color which is absorbed at 400- 500nm. The transition is likely to be n??* . .

NO2 is a yellow gas responsible for the brownish haze that builds up p.docx

altonm

No need for any sort of explanation. Please only a straightforward answer with no additional explanation. As few steps as possible. Kindly type clear. Solution (a) Hume-Rothery rules named after William Hume Rothery are the set of rules which states the conditions in which an element can dissolve in a metal resulting in the formation of a solid solution. There are two set of rules: 1. Substitutional Solid Solutions 2. Interstitial Solid Solutions There are different rules for both types of solid solutions. (b) Frenkel defect is a defect which occurs in crystalline solids when an atom or ion(normally cation) leaves its own lattice site and occupy an interstitial site thus resulting in the vacant site. This defect occurs in lattice structures which are relatively open and possess low coordination number. (c) A Schottky defect is a vacancy defect in ionic solids. It occurs when an equal number of anions and cations are missing from the lattice. It occurs in ionic compounds of high coordination number in which anions and cations are of the same size. (d) Domain boundaries can carry information and act as memory devices. Domains are bulky objects in which large response to changing external fields is due to change in volume which results in the movement of domain boundaries. .

No need for any sort of explanation- Please only a straightforward ans.docx

altonm

No copy and paste from other website, must be in your own words. Thank You! 1. What is the smallest amount of an element that still has the properties of that element? 2. The nucleus of an atom is composed of what two subatomic particles? 3. The atomic number determines what kind of an element an atom is. What is the atomic number? 4. What are isotopes? 5. The quantum concept is based on what simple idea? Solution 1.) an atom is the smallest amount of an element that has properties of that element 2.) nucleus is composed of protons and neutrons with electrons revolving around nucleus. 3.) atomic number usually represents the number of protons in the element 4.) isotopes are two different states of an element having different values of atomic mass i.e they have same number of protons but different neutrons thus same atomic number but different atomic mass. 5.)The quantum concept is based on simple idea that the energy of universe is constant. .

No copy and paste from other website- must be in your own words- Thank.docx

altonm

nidly s wht is ment the er Solution The branch of science and technology concerned with the use of high temperatures to extract and purify metals .It consists of the thermal treatment of minerals and metallurgical ores and concentrations to bring about physical and chemical transformation in the materials to enable recovery of valuable metals Pyrometallurigical processes are generally grouped into one or more of the following categories : Calcination :calcination is the thermal decomposition of materials Smelting:smelting involves thermal reactions in which at least one product is a molten phase . Refining :refining is the removal of impurities from materials by a thermal process .This covers a wide range of processes ,involving different kinds of furnace at a plant Hydrometallurgy is a method for obtaining metals from their ores .It is a technique within the field of extractive metallurgy involving the use of aqueous chemistry for the recovery of metals from ores ,concentrates ,and recycled or residual materials . It is typically divided into three general areas 1.Leaching 2.solution concentration and purification . 3.metal or metal compound recovery .

nidly s wht is ment the er SolutionThe branch of science and technolog.docx

altonm

Newton Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,013,000 shares of $12 par common stock. At no time has Newton issued any potentially dilutive securities. Listed below is a summary of Newton Solution Assumption 1. Accouting period includes from april 2013 to march 2014 2.Number of common shares issued and outstanding at December 31, 2012 is same as on 1st april 2013. .

Newton Inc- uses a calendar year for financial reporting- The company (1).docx

altonm

olecular Forces liquid and sold states, molecules are held together by attractions called intermolecular forces. There are several types of intermolecular forces London dispersion forces, found in all substances, resuit fom the motion of electrons. These work to atract both polar and nonpolar molecules to one another via instantaneous dipole moments Dipole-dipole forces arise from molecular dipole moments lon-dipole forces result from the interaction of an ion and a molecular dipole attraction of a hydrogen atom bonded to a small highly electronegative atom (N, O, and F) and the unshared electron pairs of another electronegative atom cal propertles such as beiling point, melting point, vapor pressure, viscosity, and surface tension are all affected by the strength of the intermolecular forces within a subatance Part A Mhat happens to these physical propetios as the shengh of intermnoleoula forces increases? Drag each item to the appropriate bin View Available Hint(s) Reset Help viscosity boing point vaper pressuretace tensionmelting point increase Decrease Submi Solution As strength of intermolecular forces increase we get Viscocity , boiling point , surface tension , melting point increases The only factor that decreases is Vapor pressure .

olecular Forces liquid and sold states- molecules are held together by.docx

altonm

Okay- so I understand questions 1- however I don-'t get how to find ou.docx

altonm

ofa fallowing sormally wuma vp faest wee heot in appliod A) water B) wood D) inn 16. Iee bas a lower dmsity than waler Hewass ice: wser motecuies B) moleacales are more compact in the solid sate C) sinks. D) is made of open-structured, hexagonal cryst 17. Consider a closed, sealel cans of air placed on a hot sove. The comained sir undergnes an increase in: A) volume C) density D) peessure and sempecracure Diffraction is a result ot A) refractics. B) refilection. C) dispersion. ID) interlierence. 18. 19. Colors seen when gasoline forms a thin film on wanes are a demonstration of A) interference B) refraction C) dispersion D) reflection. Eloctromagnetic waves can travel A) through a vacuum. 20. B) through a medium. C) through either a medium or a vacuum. D) thruugh a current. Solution 15. D. Iron 16. D. is made of open structured, hexagonal crystals. 17. D. Pressure and Temperature 18. D. Interference 19. A. Interference 20. C. through either a medium or a vacuum. .

ofa fallowing sormally wuma vp faest wee heot in appliod A) water B) w.docx

altonm

Often in science it is helpful to talk about a representative example of the objects or phenomena being studied. However, you must always keep in mind that the average case is not always representative. For example, our Sun is often described as an \"average\" star in the Milky Way. In what sense is this statement true? In what sense is this statement seriously misleading? Do you think it is useful to characterize the stars in the Milky Way by simply citing our \"average\" Sun? Solution Our galaxy is comprised of millions of stars spread over tens of thousands of light years and each of these has planets of their own. Stars are divided into classes and ours is a G class in the middle of its lifespan, there are tons of different types of stars from blue giants, red giants, hypergiants, neutron stars, white dwarfs, red dwarfs, brown dwarfs and a thousand others. However the Sun is a very average star indeed there is nothing special about it other than having a planet orbiting it with life on it. It was born out of the ashes of other stars before it and will die like its predecessors to become part of other star billions of years from now. The Sun is not anything special at all it is a main sequence star but if it makes you feel better the majority of the stars are dwarfs in our galaxy however in relative terms the Sun is still very average. I don\'t know what makes you think this is misleading because that idea that we are special or our sun is died out a long time ago with the rest of the religious bigots and narrow minded individuals of past centuries. .

Often in science it is helpful to talk about a representative example.docx

altonm

Obstacles in EHRs Implementation Discuss the major local, national, and international obstacles to implementing standardized terminologies within EHRs. Solution there are many obstacles in implementing the EHR in a real world. they are it is very costly process so many are not willing to change in their working environment technicakl skills are recquired softwares related to the EHR should be developed technical barriers organizational limitations and their attitude and behaviour of that people there is no sharing and accessing of data in state wide national wideor international wide to help the patients when necessary every people health data must be stored in the digital form so that it will be helpful for the doctors to know the report of the patient but maintaining every people record from the starting of their life is very difficult because the volume ofthe data is very huge and the velocity of the data is also becomes huge. so there are technical limitations and we have to over come the problems by using big data,map reduce,haoop programs. .

Obstacles in EHRs Implementation Discuss the major local- national- an.docx

altonm

o be (11) Explain why an object (like a pencil) that is partially submerged in water appears to be bent. Solution The reason behind this phenomena is refraction of light in two medium.. The light as we know needs a medium for its propagation. Every medium has its own refractive index which is usually taken with respect to air. For sake of simplicity the refractive index of air is taken as unity. When we see any object, the light from that object travels through medium of air and reaches to our retina. The light has its specific wavelength and speed during its propagation. When an object is placed such that it is in two medium, the light travels from both the media before reaching our eye. Here the two media are air and water. Water has higher refractive index than air which causes refraction. Due to the change in medium the speed of light decreases. The refraction causes difference in speed of light the pencil like object kept in water appears to be bent or broken. .

o be (11) Explain why an object (like a pencil) that is partially subm.docx

altonm

Numerical Analysis: (Matlab) Write a program that computes an integral numerically, using the composite trapezoidal, midpoint, and Simpson methods. Input for the program consists of the integrand, the ends of the integration interval and the number of (uniform) subintervals. Apply your program to the two following integrals: Solution function integral = trapezoidal(a,b,n,f) h = (b-a)/n; x = [a+h:h:b-h]; integral = h/2*(2*sum(feval(f,x))+feval(f,a)+feval(f,b)); trapezoidal(1,2,4,\'f\') end function y = f(t) y = t.*log(t); end function integral = simpsons(a,b,n,f) h = (b-a)/n; xi0 = feval(\'f\',a)+feval(\'f\',b); xi1 = 0; xi2 = 0; for i = 1:n-1 x = a+i*h; if mod(i,2) == 0 xi2 = xi2+feval(\'f\',x); else xi1 = xi1+feval(\'f\',x); end end xi = h*(xi0+2*xi2+4*xi1)/3; end function integral = midPoint(a,b,n,f) h = (b-a)/(n+2); x = [a+h:2*h:b-h]; integral = 2*h*sum(feval(f,x)); end --------------------------------------------------------------------------------------------- a) f1 = @(x)4/(1+x.^2); res1 = trapezoidal(1,1,4,f1) res2 = simpsons(1,1,1,1f1) res3 = midPoint(1,1,1,f1) b) f2 = @(x)sqrt(x); res1 = trapezoidal(1,1,4,f2) res2 = simpsons(1,1,1,1f2) res3 = midPoint(1,1,1,f2) .

Numerical Analysis- (Matlab) Write a program that computes an integral.docx

altonm

Yvon- an accountant- is charged with negligence by Zesty Sauce- Inc--.docx

altonm

Your host has automatically received an IPv6 address working in conjunction with its local router that is not configured for DHCP. What technology is at work here? A. ICMPv6 B. SLAAC C. Stateless DHCP D. Stateful DHCP Solution Stateless DHCP : Stateless DHCP refers to the DHCP server(s), which is not required to store any dynamic state information on the DHCP server(s) about any indivisual DHCP clients. The DHCP clients don\'t use the DHCP server(s) to obtain IP address(es) information, they use the DHCP server(s) to obtain the other useful configuration informaiton. Option C. Stateless DHCP is correct choice. .

Your host has automatically received an IPv6 address working in conjun.docx

altonm

Your community has decided to construct a hazardous waste facility for incinerating hazardous waste. What types of contracts would you use for securing solid waste services? What elements would you include in your request for proposal? Solution 1) public private contracting Solid waste contract between local government and private sectors are common 2) intergovernmental contract It involves more than one authority. Two main types of intergovernmental contract. Service contract and. Joint cooperative arrangements. Elements for request proposal 1) proposers statement Includes Fees, proposers packaging requirements , proposers qualifications, proposers facilities,, disposal option emphasis, others 2)price proposal and certification form .

Your community has decided to construct a hazardous waste facility for.docx

altonm

Young Corporation incurred research and development costs of $500-000.docx

altonm

You work for a small city IT department, and you are reviewing computer security procedures with a new technician. You are discussing the differences between BitLocker and NTFS Encrypted File System (EFS). Which of the following describes attributes of BitLocker? A. It stores encryption keys in user profiles. B. It can always be used when the system and boot volumes are combined. C. It protects system integrity during the boot process. D. It can only be enabled or disabled by administrators. Solution C. It protects system integrity during the boot process. D. It can only be enabled or disabled by administrators. BitLocker protects system integrity during the boot by scanning for unauthorized system changes. BitLocker can only be enabled or disabled by an administrator user. NTFS EFS canâ€™t protect system integrity, and all users can use NTFS EFS to encrypt files. .

You work for a small city IT department- and you are reviewing compute.docx

altonm

Your CEO is from the old school. What steps would you take to entice him toward an Executive Information (DSS) System? Explainâ€¦donâ€™t simply list. Solution An Executive Information System (EIS) is a tool that provides direct on-line access to relevant information in a useful and navigable format. Relevant information is timely, accurate, and actionable information about aspects of a business that are of particular interest to the senior manager. An EIS is easy to navigate so that managers can identify broad planned issues, and then travel around the information to find the root causes of those issues. Executive Information Systems differ from traditional information systems in the following ways: Decision Support Systems .

Your CEO is from the old school- What steps would you take to entice h.docx

altonm

More from altonm (20)