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Category > Accounting Posted 22 Oct 2020 My Price 6.00

ACC 291 Week 2 Discussion Employee Ethics

ACC 291 Week 2 Discussion Employee Ethics

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?

Answers

SmartExpert
(118)
Status NEW Posted 22 Oct 2020 06:10 PM My Price 6.00

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Attachments

file 1603392035-ACC 291 Week 2 Discussion Employee Ethics.docx preview (572 words )
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