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NEW QUESTION: 1
An enhancement involves changing an EQ with 12 fields to include 3 extra fields. The EQ referenced 3 files before the change, and one extra file needs to be referred to as part of the change. How would the enhanced EQ be counted?
A. 15 DETS, 1 FTR
B. 15 DETS, 3 FTRs
C. 15 DETS, 4 FTRS
D. 12 DETS,3 FTRs
Answer: C
NEW QUESTION: 2
CORRECT TEXT
You receive an order for 10mEq of magnesium sulfate to be added to a TPN. You have a 50-ml vial of 4
mEq/ml of magnesium sulfate in stock. How much do you need to inject into the TPN?
Answer:
Explanation:
2 .5 ml (Chapter 4)
NEW QUESTION: 3
When prices are rising, which of the following inventory valuation methods produces the lowest income tax liability?
A. None of these answers
B. Average cost
C. LIFO
D. FIFO
Answer: C
Explanation:
Explanation/Reference:
Explanation:
When prices are rising, LIFO will produce the lowest profit, and the lowest income tax liability, because the last in (highest cost) inventory is the first out. This leaves the oldest inventory on hand and since it has the lowest cost, ending inventory will have the lowest value which means that cost of goods sold will be the highest and profits will be the lowest (ending inventory = beginning inventory + net purchases - cost of goods sold).
