Answer:
$40,000
Explanation:
Given that,
EBIT = $538,000
Interest expense = $63,000
Net income = $435,000
EBT = EBIT - Interest expense
= $538,000 - $63,000
= $475,000
Tax reported in Income statement:
= EBT - Net income
= $475,000 - $435,000
= $40,000
Therefore, the 2018 taxes reported on the income statement is $40,000.
Answer:
$6745
Explanation:
Given: Beginning inventory is 77 units at the cost of $19 per unit.
Purchased inventory is 476 units at $19 per unit.
Sales during the month is 355 units at $45 per unit.
Now, let´s find the cost of goods sold using LIFO method.
We know, LIFO method is Last in first out, which sell out inventory, which are most recently purchased. In a period of rising prices, LIFO inventory method tends to give the highest reported cost of goods sold.
As sales unit is 355 units.
Let´s take units from recent purchased inventory.
Cost of good sold= 
Hence, the cost of goods sold using the LIFO method is $6745.
Answer: You would tend to sing the praises of the professor associated with your University, you would want to play the familiarity card to others of how you might know him because he teaches in your University.
Explanation:
There are two things involved in these scenario, one of them is that you would tend to sing the praises of the professor associated with your University, you would want to play the familiarity card to others of how you might know him because he teaches in your University.
The second is that you would be inquisitive about the other professor and want to know more about his profile.
But in most cases the familiarity aspect happen more than the other.
Using the internal rate of return method, a conventional investment project should be accepted if the internal rate of return is equal to or greater than the discount rate.
The internal rate of return is a method of calculating the rate of return on an investment. The term internal refers to the fact that the calculation excludes external factors such as base rates, inflation, cost of capital, or financial risk. This method can be applied after the fact or before.
Internal rate of return (IRR) is a metric used in financial analysis to estimate the potential return on investment. IRR is the discount rate that drives the net present value (NPV) of all cash flows to zero in a discounted cash flow analysis. The calculation of IRR is based on the same formula as NPV.
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Answer: See explanation
Explanation:
Merchandise inventory are goods which a wholesaler or distributor has gotten from the suppliers in order to sell to third parties.
On May 9, merchandise inventory was calculated as:
= 960 ÷ 13000 × 7800
= 576
Check the attached file for further explanation
