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aleksklad [387]
2 years ago
12

A company uses the dollar-value LIFO inventory method. At the end of 20X2 the cost index is 1.25 and the ending inventory at bas

e year cost is $360,000. If 20X2 beginning inventory at base year cost was $300,000, 20X2 ending inventory at dollar-value LIFO cost is:
Business
1 answer:
lana [24]2 years ago
5 0

Option A. 300000.

The four main ways to account for inventory are specific identification, first in first out, last in first out, and weighted average methods.

The retail inventory method is an accounting method used to estimate the value of a store's merchandise. The retail method provides the ending inventory balance for a store by measuring the cost of inventory relative to the price of the merchandise.

The FIFO method is the most popular inventory method because it's the one that most closely matches the actual movement of inventory for most businesses. This method assumes that the first products you acquired will be the first that are sold.

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Learn more about the inventory method at

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Contact the credit card company. Communication is key. As long as she does not have a habit of being late, they may offer her a grace period.
3 0
3 years ago
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Find the breakeven point, given the following data:
tekilochka [14]

The formula to find profit is

q \: (p - vc) - fc = \pi

where, q refers to quantity of output in units, p is the price per unit of output, vc is the variable cost per unit of output, fc is fixed cost and pi is profit. At the breakeven point profit is equals to zero, therefore:

q(10.5 - 2.5) = 7 0000 \\ q =  \frac{70000}{(10.5 - 2.5)}  \\ q = 8750 \: units

When we minus the variable cost from the price, this gives us the "contribution", which refers to the portion of the price of each unit sold that can cover the fixed cost. At the breakeven point, profit is zero because the business sell the amount that is just enough to cover their fixed cost, without making any loss or profit.

Hope this helps!

8 0
4 years ago
Suppose the Federal Reserve purchases a $100,000 bond from John Doe, who deposits the proceeds in the Manufacturer's National Ba
timurjin [86]

Answer:

Explanation:

I hope you get a second answer to this so I can see what the actual answer is. My guess is that the Federal Reserve has just put money into the system by purchasing Doe's bond. The fact that Doe puts it in a bank account does not change the fact that we are uncertain where the Feds got the money to buy the bond. They have the power to print money. They've just used some of that printed money to buy something that might be of value.

8 0
3 years ago
Why is etiquette important in the workplace?​
hodyreva [135]
Business etiquette is important because it creates a professional, mutually respectful atmosphere and improves communication, which helps an office serve as a productive place. People feel better about their jobs when they feel respected, and that translates into better customer relationships as well.
4 0
4 years ago
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A favorable cost variance occurs when a.actual costs are more than standard costs b.standard costs are more than actual costs c.
sweet-ann [11.9K]

Answer:

b.standard costs are more than actual costs

Explanation:

There are mainly two types of cost variance.

1. Favorable variance

2. Unfavorable variance

When the standard cost is more than the actual cost then it said to be favorable variance. And when the standard cost is less than the actual cost then it said to be unfavorable variance which can impact the cost overall

So the correct option is b.

3 0
3 years ago
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