Henri Company Uses the Average-Cost Inventory Method

question 58

Multiple Choice

Henri Company uses the average-cost inventory method.Its 2010 ending inventory was €40,000, but it would have been €60,000 if FIFO had been used.Thus, if FIFO had been used, Henri's income before income taxes would have been

• A)€20,000 greater.
• B)€20,000 less.
• C)the same.
• D)not determinable without the tax rate.

Understand the epidemiological triangle and its components in the spread of infectious diseases.

Recognize the increasing prevalence of certain infectious diseases in the United States and the factors contributing to this trend.

Understand the importance of public health measures in controlling infectious diseases.

Recognize the importance of proper hand hygiene and environmental cleaning in preventing foodborne and waterborne infections.

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Definitions:

Dividends

Payments made by a corporation to its shareholder members, typically from profits.

Market Price

The ongoing rate for buying or selling an asset or service in a particular market.

Return On Total Assets

A financial ratio that measures a company's effectiveness in using its assets to generate profit, calculated by dividing net income by the average total assets.

Dividends

Payments made by a corporation to its shareholder members, usually derived from the company's profits.