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Lyrx [107]
1 year ago
8

Case D. Stewart Company reports the following inventory record for November:

Business
1 answer:
worty [1.4K]1 year ago
5 0

The cost of ending inventory and the cost of goods sold under each of the following methods: Under the LIFO method, Sales Less: Cost of Goods sold Gross Profit less: Selling, admin, depreciation Income before.

Final in, first out (LIFO) is a technique used to account for inventory. beneath LIFO, the expenses of the maximum recent products bought (or produced) are the primary ones to be expensed. LIFO is used most effectively inside the USA and governed via the commonly ordinary accounting standards (GAAP).

The LIFO method is used within the COGS (value of products sold) calculation while the fees of manufacturing a product or obtaining inventory have been growing. this will be because of inflation.

The ultimate-In, First-Out (LIFO) method assumes that the last unit to arrive in stock or greater latest is offered first. the first-In, First-Out (FIFO) approach assumes that the oldest unit of inventory is sold first.LIFO effects decrease internet earnings because the price of products offered is better, so there may be a decrease in taxable profits.” decreased tax legal responsibility is a key reason some organizations decide on LIFO.

Learn more about LIFO here: brainly.com/question/24938626

#SPJ4

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When using hootsuite's bulk scheduling feature, all messages must be scheduled at least _________ ahead of when you plan to impo
Scrat [10]

When using hootsuite's bulk scheduling feature, all messages must be scheduled at least <u>"10 minutes"</u> ahead of when you plan to import the csv file into hootsuite.



To start scheduling messages in mass, first explore to the 'Publisher' segment, click BULK MESSAGE UPLOAD and download the example .csv document you'll load up with your posts.  

It's critical to take note of that the best projects to utilize when working with this document are Google Docs, Text Edit and Textwrangler - Excel spreadsheets may not perceive a few characters.  

Once the .csv record is open, start including your information.  

In the main section, input the date in MONTH, DAY, YEAR or DAY, MONTH, YEAR arrange, trailed when you need the message to be distributed.  

The time code must end with either a ZERO or a FIVE, and all messages must be planned no less than 10 minutes in front of when you intend to import the .csv record into Hootsuite.

4 0
3 years ago
Today, you deposit $2,500 of cash in a savings account that earns 8.0% in annualized interest. One interest payment is received
Artemon [7]

Answer:

a. $173

Explanation:

The computation of the amount of interest earned in five years is shown below;

But before that following calculations need to be done

As we know that

Simple interest = Present value × rate of interest × time period

= $2,500 × 8% × 5

= $1,000

Now the future value is

Future value = Present value × (1 + rate of interest)^number of years

= $2,500 ×(1 + 8%)^5

= $2,500 × 1.4693280768

= $3,673

Now the compound interest is

Compound interest = Future value - Present value

= $3,673 - $2,500

= $1,173

Now interest on interest is

Interest on interest = Compound interest - Simple interest

= $1,173 - $1,000

= $173

3 0
3 years ago
As one of the top managers at DropLabs, Henry ensures that all his employees are given the right to speak freely with their mana
Mice21 [21]

Answer:

The Common Good Ethics Approach.

Explanation:

It is been argued that the best society is been guided by the people's general will.This was postulated by a French philosopher by name Jean Jacques Rousseau who lived in the year 1712 to 1778.

This approach to Ethics empathizes respect and compassion for others,most especially those vulnerable.

The employers ability to voice out their grievances,suggestions and contributions to the daily running of the organisation coupled alongside the mangers compassion and respect for all individuals confirms to my first statement which says 'The best society is been guided by the people's will ' and that supports the common good Approach.

4 0
3 years ago
Read 2 more answers
Mr. Bailey would like to gift $515,000 (FMV) of appreciated property (basis $200,000) to his son. Mr. Bailey doesn't want to use
Oliga [24]

Answer:

He should set a grantor retained annuity trust (GRAT).

Explanation:

Mr. Bailey would be the grantor that transfers the asset into the GRAT, but retains the right to receive annuity payments for a number of years. The IRS has set a minimum annuity corresponding to the Section 7520 rate, during the last two years the rate has varied from 2-3%. When the trust expires (pays all the annuities), the beneficiary gets the asset tax free.

Since the grantor is giving up an asset but in exchange is receiving an annuity form it, there is no applicable gift tax, it is called a zeroed-out GRAT.

This type of grant makes sense only if the grantor believes that the future value of the asset will be higher than the current value, since the annuity is based on the current value. In this case, Mr. Bailey would receive payments based on a $200,000 value, but the property's fair market value is already higher and should increase as time passes.

7 0
3 years ago
2020 Advanced Exam - Advanced Scenario 7: Travis and Sylvia Kennedy - Question 2 of 9. 21. The total taxable interest on Form 10
vlabodo [156]

Answer:

$140

Explanation:

Form 1040 is used to report IRS about the taxable income that U.S. tax payers has received. It is a form of Income tax in United States. The form must be filled and signed by 15th April every year.

6 0
3 years ago
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