The Following Units of an Inventory Item Were Available for Sale

question 139

Multiple Choice

The following units of an inventory item were available for sale during the year:

The firm uses the periodic inventory system.During the year,60 units of the item were sold.
The value of ending inventory using FIFO is:

• A)$1,250
• B)$1,350
• C)$1,375
• D)$1,150

Compute the margin of safety in dollars and understand its importance for business stability.

Understand the concept of sales mix and its impact on break-even analysis.

Calculate the target after-tax net income and understand the impact of income taxes on financial planning.

Analyze the effect of changes in fixed and variable costs on the break-even point.

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Definitions:

"You" Attitude

A communication strategy focusing on the audience's needs and perspectives rather than the speaker's.

Personal Appeals

Messages that leverage personal connections or emotional arguments to persuade or influence the recipient's decision or opinion.

"You" Attitude

A communication approach that focuses on the audience's needs and perspectives rather than the speaker's.

Audience's Need

The specific requirements or expectations that the target audience of a communication, product, or service has.