Which of the following inventory costing methods yields the highest net income during a period of rising inventory costs?

Thompson Crayons Ltd. is a manufacturer of crayons and colored pencils in Rhodia. The company has started packaging their products in vibrant colored boxes, as opposed to brown boxes used in the past, in order to increase their sales

In this scenario, Thompson Crayons Ltd. is using a _____ strategy. a. product differentiation b. market development c. diversification d. market penetration

On January 1, 2017 Hillop, Inc had total assets of $369,000 During the year, the company purchased new machinery worth $90,000 and promised to pay the amount due after two years. Throughout the year, it earned revenue of $59,000 every month. Calculate the asset turnover ratio.

A) 1.04 times B) 1.80 times C) 1.71 times D) 1.54 times