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2 years ago

Ed bostrom wants to reduce his fixed expenses. which action would be appropriate?

Business

1 answer:

Andreyy892 years ago

6 0

Ed bostrom should find a place with low rent .

Car, mortgage, rent, insurance, and land tax payments are samples of common fastened expenses. Usually, it's troublesome to alter these prices. On the intense aspect, since they're often paid and usually stay constant, they're straightforward to take into account. Some fastened expenses, sort of a streaming service or gymnasium membership, could also be elective.

Your monthly or pay amount savings increase mechanically once you scale back your fastened expenses. this is often thanks to the very fact that fastened prices usually account for the most important portion of your budget. Therefore, decreasing your fastened expenses can end in a decrease within the portion of your budget that's allotted to them.

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Answer:

I have attached an Excel Sheet that identifies all the events that need to be accounted for. If you have any queries regarding the Journal Entries, please free to ask me that.

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Explanation:

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In its first month of operations, Vaughn Manufacturing made three purchases of merchandise in the following sequence:

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Answer:

$Ending\ Inventory = \$1920$ --- FIFO

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Explanation:

Solving (a):

FIFO method

This means that the first items to be listed were sold out and only 240 of the last item is left

This implies that the following units were sold

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Solving (b):

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$Ending\ Inventory = 240 * \$5$

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