Answer:
B) the amount of gross margin is $16.75 if Hoover uses the weighted average cost flow method.
Explanation:
Weighted Average cost flow method= $ 41+ $ 45.5/2= 86.5/2=$ 43.25
Sales Price = $ 60
Less Unit Sold at $ 43.25
Gross Margin $ 16.75
Only option B is correct
Option A is incorrect because LIFO would assign $ 41 to ending inventory.
Option C is incorrect because FIFO would assign $ 41 to cost of goods sold
Option D is incorrect because LIFO would assign $ 44.4 to cost of goods sold.
Answer: NIST
The NIST framework is a shared set of security standards required by the Federal Information Security Management Act
Explanation:
The NIST Cybersecurity Framework provides a policy framework of computer security guidance for how private sector organizations in the United States can assess and improve their ability to prevent, detect, and respond to cyber-attacks.
NIST is the National Institute of Standards and Technology, a unit of the U.S. Commerce Department. Formerly known as the National Bureau of Standards, NIST promotes and maintains measurement standards. It also has active programs for encouraging and assisting industry and science to develop and use these standards.
Answer:
The correct answer that a dividend is a better choice is . a. Regarding taxes, which would benefit Aleshia the most? The $114,000 dividend because after taxes she would have $ from the dividend and $ 86,640 from the bonus.
Explanation:
A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits. When a corporation earns a profit or surplus, the corporation is able to re-invest the profit in the business and pay a proportion of the profit as a dividend to shareholders.
A tax (from the Latin taxo) is a compulsory financial charge or some other type of levy imposed upon a taxpayer (an individual or legal entity) by a governmental organization in order to fund various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law.
Answer:
$3,740
Explanation:
The computation of net operating income is shown below:-
Contribution margin = Sales × CM ratio
= $318,000 × 18%
= $57,240
Net operating income = Contribution margin - fixed assets
= $57,240 - $53,300
= $3,740
So, we have applied the above formula.
Hence, the net operating income is $3,740 and the same is to be considered
Answer:
Deposits in transit
Explanation:
A company's deposit in transit is the currency and customers' checks that have been received and are rightfully reported as cash on the date received, and the amount will not appear on the company's bank statement until a later date. A deposit in transit is also known as an outstanding deposit.
When there is a deposit in transit, the amount should be listed on the company's bank reconciliation as an addition to the balance per bank.