Answer:
the Sea Company's 2019 ending inventory using dollar-value LIFO is $95,000
Explanation:
The computation of the Sea Company's 2019 ending inventory using dollar-value LIFO is sown below:
= Ending inventory for 2019 ÷ change in prices
= $103,550 ÷ 1.09
= $95,000
hence, the Sea Company's 2019 ending inventory using dollar-value LIFO is $95,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
The 1.09 come from
= $109 ÷100
Answer:
Role Example
Explanation:
Three types of economic<em> roles</em> are <em>consumers, producers, and workers.</em>
The role of the <em>consumer</em> is to buy the goods and services. The sum of the consumptions of a good or a services constitute the demand of the product. Thus, the consumer purchases and use the products, which is a car owner does.
The role of the <em>producer </em>is to produce the good and services. The sum of the quantities produced of a good or service by the different producer of a same product constitute the supply of the product. Thus, the producer posseses the assets to make the products available, which is what a factory owner represents.
The <em>worker</em> puts the labor. The workers are an essential part of an economy too, such as the consumers and the producers, because they make the goods or service by their own work. The auto mechanic, who works fixing cars, is an example of a person playing the role of worker.
By the looks of it you already got it taken care of but thanks for the points ;)
Answer:
It is increases by 0.155 times
Explanation:
As we know that
Current ratio = Current assets ÷ Current liabilities
where,
Current assets = Cash + account receivable + inventory
So in year 1, the current ratio is
= ($7,000 + $18,000 + $34,000) ÷ ($17,000)
= ($55,000) ÷ ($17,000)
= 3.47 times
And, in year 2 , the current ratio is
= ($4,000 + $14,000 + $40,000) ÷ ($16,000)
= ($58,000) ÷ ($16,000)
= 3.625 times
Therefore, it is increases by 0.155 times
The economic term for the practice of assigning small parts of a complicated job to individual workers who specialize in doing just their small <span>part is "division of labor".</span>
