Answer:
$2040
Explanation:
FIFO under the perpetual inventory system is one in which the sale or purchase of inventory is immediately updated in the inventory account such that the true position of inventory available per time is known.
FIFO is first in first out which means that inventory purchased first are sold first.
Given;
Units Unit Cost Total Cost Units Sold
Beginning Inventory 30 $28 $ 840
Sale No. 1 20
Purchase No. 1 50 $40 $2,000
Sale No. 2 40
Purchase No. 2 20 $44 $880
Totals 100 $3,720 60
Cost of goods sold = $28 * 20 + $28 * 10 + $40 * 30
= $560 + $280 + $1200
= $2040
Answer:
$80,000
Explanation:
Given:
Frank's fault = 80%
Fran's fault = 20%
Total loss of Fran = $100,000
Now, the state follows the comparative negligence
thus,
The Fran will recover the amount = Frank's fault in the total loss of Fran
Thus,
The Fran will recover = 80% of the total loss
or
The Fran will recover = 0.80 × $100,000
or
The Fran will recover = $80,000
Answer:
d) relative to others instead of against performance standards.
Explanation:
Contrast error is one that occurs during performance rating where a person is not rated objectively, but against previous people who performed good or badly.
The person's ratings is affected negatively or positively.
A person that performs well subconsciously sets a benchmark in the mind of the rater, and he now rates future participants based on this benchmark and not on performance standards that have been set.
Answer:
I'm not sure how to do this, but I'm assuming if you for the first question go up to ahbeesee and calculate the cost all the way across... you will find your answer.
Explanation:
Basically just use the chart!
HOPE THIS HELPS! :)
Answer:
The interest expense should be recognized on the zero-interest-bearing promissory note is 22.000
Explanation:
Interest expense = (Fair value of the land * Interest rate)
Supposing a interest rate of 11% we get:
Interest expense = 200.000 * 11% = 22.000
