Answer:
Explanation: There can be several methods to value a inventory like weighted average, LIFO etc. one of them is FIFO,that is, first in first out. Under FIFO approach it is assumed that the earlier purchased stock will be sold first therefore the ending inventory under FIFO will be valued at the latest prices.
Under periodic inventory method the accounts are updated at a particular point of time and not continuously like in perpetual system.
therefore :-
Inventory = Beginning inventory +total purchase - sale
= 2 + 4 + 5 -2
= 9
value = (5*1600) + (4*1450) = 8000 + 5800 = $13800
I would say that if the manager was consulted on the budget then he/she couldn't complain that it was unrealistic and impossible to meet and if they had any problems with it then they should have spoken up when the budget was being formulated.
Answer:
c. III only
Explanation:
The correct option is - c. III only
Reason -
III option is correct because The trade-off theory states that there is an optimal level of debt for firms, given the benefits of tax shields and the costs of financial distress