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Reil [10]
1 year ago
9

Snyder's-Lance is a leading snack-food company. The following note was contained in its recent annual report:

Business
1 answer:
Mademuasel [1]1 year ago
6 0

The reported ending inventory was $43,112 thousand. If FIFO were used exclusively, the ending inventory would have been $6,964 thousand higher than reported, or $50,076 thousand.

Inventory refers to all the items, goods, goods, and materials that a business holds for sale in the market to make a profit. Example: If a newsagent uses a vehicle to deliver newspapers to customers, only the newspapers are considered inventory. A car is treated as an asset.

The manufacturer has three types of inventory. There are raw materials (awaiting processing), work in process (processed), and finished goods (preparing for shipment). The LIFO method assumes that the most recently purchased inventory units are sold.

Learn more about inventory at

brainly.com/question/24868116

#SPJ4

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Which form do businesses use to determine the number of deductions for an
riadik2000 [5.3K]

Answer:

C. W-4

Explanation:

The W-4 form acts as the Employee’s Withholding Allowance Certificate. The employee completes the form and hands it over to the employer, who uses it to calculate how much income tax to withhold.

The details on the W-4 forms are necessary for tax computation. For instance, the employee declares their marital status and the number of dependents; this determines the applicable tax rates.

6 0
2 years ago
Read 2 more answers
Project requirements are all the key players of a project that must be listed to ensure the project can begin.
iVinArrow [24]

"Project requirements are all the key players of a project that must be listed to ensure the project can begin."

True.

3 0
3 years ago
On January 1, 2021, Blossom Corporation signed a 10-year noncancelable lease for certain machinery. The terms of the lease calle
andrew-mc [135]

Answer:

the interest expense os $99,317 and the depreciation expense of $82,764

Explanation:

The computation of the interest expense and the depreciation expense is given below:

Interest expense is

= Present value × effective interest rate

= $1,241,466 × 8%

= $99,317

And, the depreciation expense is

= Present value ÷ estimated life

= $1,241,466 ÷ 15 years

=  $82,764

Hence, the interest expense os $99,317 and the depreciation expense of $82,764

This is the answer but the same is not provided in the given options

5 0
3 years ago
The yield on a one-year Treasury security is 5.8400%, and the two-year Treasury security has a 8.7600% yield. Assuming that the
mixer [17]

Answer:

Market estimate of the one year treasury rate one year from now is 11.76%

Explanation:

The formula for pure expectations theory used in forecasting future interest rate is given below:

One year interest rate=(1+r2)^n+1/(1+r1)^n-1

r2 is the forecast interest rate in two years which is 8.7600%

r1 is the forecast interest rate in year 1 which i 5.8400%

n is one year from now

one year interest rate=(1+8.7600%)^2/(1+5.8400%)^1-1

one year interest rate=(1+0.087600)^2/(1+0.058400)^1-1

                                     =1.087600^2/(1.058400)^1-1

                                     =1.18287376 /1.058400-1

                                     =1.117605593-1

                                       =0.117605593

                                        =11.76%

6 0
3 years ago
An Accenture consulting team is tasked with developing a new client operating model and decide to follow the Waterfall approach.
Mice21 [21]

Answer:

Scrum

Explanation:

Agile practices are used in the software development industry to solutions through collaboration between cross functional teams along with input from the customer.

This ensures that quality product is delivered in a timely manner.

We have two major methodologies in agile practice: scrum and Kanban.

Kannan is where a board is used that shows visually 3 items: to do, doing, and done. This drives the team to know where they are and what is coming next.

Scrum involves dividing the project into sprints and focusing on managing one sprint at a time. There is position for scrum master and product owner.

The given scenario where the team decides to work in a series of sprints, with brief daily meetings to ensure all team members collaborate effectively, is a scrum approach

6 0
2 years ago
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