Using the price of merchandise purchased first to calculate the cost of merchandise sold first is called the _______________ inventory costing method.

Accounting Finance and Economics (testing)

Quiz
•
Other, Mathematics
•
University
•
4 plays
•
Hard
11 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
first-in, first-out
first-in, last out
last-in, first out
weighted average
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the weighted average method is used, ending inventory units are priced at the
earliest price
most recent price
average price
none of these
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
A company has cost of debt of 6% and cost of equity of 15%. In this country, the corporate income tax rate is 20%. If the company has target debt to total capital ratio of 40%, its WACC is closest to:
10.9%
11.4%
8.88%
9.6%
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
[HARD] Suppose the market-to-book ratio is 1.5x. From the information provided, the appropriate capital structure for WACC calculation is closest to:
35.3%
26.7%
38.9%
63.6%
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
[HARD] Suppose the market-to-book ratio is 1.5x. From the information provided, the company's WACC is closest to:
9.9%
10.1%
9.2%
9.5%
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What is an advantage of ROI?
Allow managers to focus on improving short term financial performance and place less emphasis on long term financial performance.
Used to evaluate the relative performance of investment centres, irregardless of the size of these business units.
Promotes goal congruence
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