ACC 291T Week 2 Discussion | University of Phoenix | Assignment Help
- University of Phoenix / ACC 291T
- 10 Jun 2021
- Price: $6
- Accounting & Economics Assignment Help / Finance
ACC 291T Week 2 Discussion | University of Phoenix | Assignment Help
Discussion Topic
Post a total of 3 substantive responses over 2 separate
days for full participation. This includes your
initial post and 2 replies to other students.
Due Day 3
An executive in a merchandising company receives an annual bonus
equal to 5% of net income. Historically, the company has calculated cost
of goods sold and ending inventory using LIFO and has maintained 30,000 of
units in inventory for the last ten years. The executive is recommending
the company reduce the number of units in year-end inventory to
1,000. Over the ten-year period, the cost per unit of inventory has
increased from $60 per unit to $110 per unit.
Respond to the following in a minimum of 175 words:
·
In what ways would a reduction in inventory help the company?
·
In what ways would the change from LIFO to FIFO help the
executive personally?
·
Would you approve the proposal to move from LIFO to
FIFO? Why, or why not?
Due Day 7
Reply to at least 2 of your classmates. Be constructive and
professional in your responses.
USA 
India