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What is the difference of evaluation of inventory between weighted average method and FIFO method?

A method of inventory accounting in which the oldest remaining items are assumed to have been the first sold. In a period of rising prices, this method yields a higher ending inventory, a lower cost of goods sold, a higher gross profit (assuming constant price), and a higher taxable income. Also called FIFO.Method in calculation in which the weighted averagezzor the period is the cost of the goods available for sale divided by the number of units available for sale. When the perpetual inventory system is used, the weighted average method is called the moving average method.


Beginning inventory plus purchases for the period yields?

goods available for sale


The method of determining depreciation that yields successive reductions in the periodic depreciation charge over the estimated life of the asset is?

straight-line


What is the current ratio for wheat farming equity in debt inventory turnover rate of return?

The current ratio for wheat farming, like any agricultural sector, can vary significantly based on specific farm management practices, market conditions, and financial structures. Typically, this ratio measures a farm's ability to cover its short-term liabilities with its short-term assets, and a healthy ratio is generally considered to be around 1.5 to 2.0. Inventory turnover in wheat farming reflects how efficiently a farm is managing its wheat stock, with higher rates indicating better efficiency. The rate of return on equity in this context assesses the profitability of the farming operation relative to the equity invested, which can also fluctuate based on crop yields, market prices, and operational costs.


Do decrease in Account Receivable increase cash flow?

A decrease in an amount owed to you, an Account Receivable, yields additional cash flow available to fund operations, obligation, or any allocation of cash.

Related Questions

What is the difference of evaluation of inventory between weighted average method and FIFO method?

A method of inventory accounting in which the oldest remaining items are assumed to have been the first sold. In a period of rising prices, this method yields a higher ending inventory, a lower cost of goods sold, a higher gross profit (assuming constant price), and a higher taxable income. Also called FIFO.Method in calculation in which the weighted averagezzor the period is the cost of the goods available for sale divided by the number of units available for sale. When the perpetual inventory system is used, the weighted average method is called the moving average method.


Which type of interest yields the highest amount of growth?

Cumulative interest or return yields the highest amount of growth


Beginning inventory plus purchases for the period yields?

goods available for sale


What is the point of the scientific method?

It yields rational, provable, repeatable knowledge.


Which nutrients yields the highest amount of energy per gram when metabolize?

Fats


What item yields the greatest percent of profit 2.07 2.39 6.05 or 7.02?

The answer depends on what the four numbers represent.


What is the highest power of 5 that divides 908070605040302010?

To find the highest power of 5 that divides the number 908070605040302010, we can use the method of counting the factors of 5 in the number. Since the number is even, we can repeatedly divide it by 5 until it is no longer divisible. In this case, the highest power of 5 that divides the number is (5^1), as dividing by 5 once yields an integer, but dividing again does not.


Which investment has the highest rate of return?

If we all knew that, we would all be rich. However, usually the investments returning the highest yields are those that carry the highest risk (of losing all you have invested).


How can hand pollination be used to improve cucumber yields?

Hand pollination can be used to improve cucumber yields by manually transferring pollen from the male flower to the female flower, ensuring successful fertilization and fruit development. This method can help increase the number of cucumbers produced, leading to higher yields.


The method of determining depreciation that yields successive reductions in the periodic depreciation charge over the estimated life of the asset is?

straight-line


How was corn devloped?

Corn was developed through selective breeding, which was a process that involved selecting plants with the highest yields and the seeds that didn't come off the plants the easiest over those with low yields and heads that easily "shattered" when harvested.


What bank has the best high yeild checking account?

Online banks generally have the highest rates for checking accounts. Ally Bank or ING both offer some of the highest yields of all banks.