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1 year ago

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

1 answer:

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

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You are an economic advisor to the president. You observe a decrease in gross investment. Assume the economy was operating at th

melomori [17]

Answer:

a. Increase in Net Exports, Increase in AD, real GDP will stay same

b. Excess Demand

c. Appropriate Contractionary Fiscal Policy : decrease tax & or increase government expenditure

d. Actions smooth business cycle by brining actual real GDP towards full employment

Explanation:

Aggregate Demand is the total value of goods & services all the sectors of an economy are planning to buy during a given period of time

Aggregate Demand [AD] = Consumption [C] + Investment [I] + Government Expenditure [G] + Net Exports [NX = Exports (X) - Imports (M)]

Aggregate Demand > Aggregate Supply at full employment level is Excess Demand. Aggregate Demand < Aggregate Supply at full employment level is Deficit Demand

Decrease in Investment leads to fall in Aggregate Demand. It creates Deficit Demand & decreases real GDP. It can be corrected through demand expansionary fiscal policy of decreasing taxes & increasing govt. expenditure.

Increase in exports leads to increase in net exports & in turn increase in aggregate demand. This causes Excess demand problem & real GDP will remain same (economy already at full equilibrium, GDP cant be increased more). Appropriate Fiscal Policy [Contractionary Fiscal Policy] includes decreasing taxes & or increasing govt. purchase.

These actions will smooth out business cycle by bringing actual real GDP back to full employment level.

5 0

3 years ago

The article contains a chart showing changes in worldwide sales of coffee from 2006 through 2016. The chart is labeled, "World

Natasha_Volkova [10]

Answer:

The correct answer is letter "C": the quantity of coffee sold can increase if the supply curve shifts to the right.

Explanation:

The demand theory establishes the relationship between the price of a good or service and the quantity demanded. If the price rises, the quantity demanded lowers -the demand curve moves to the left. If the price lowers, the quantity demanded rises -the demand curve moves to the right.

The supply theory states a direct interaction between the price of a good or service and the quantity supplied. It means if the price rises, the quantity supplied rises -the supply curve moves to the right. If the price lowers, the quantity supplied lowers -the supply curve moves to the left.

In this case, as the demand for the coffee has expanded, it could increase if the demand rises. If the demand rises there must be more supply of coffee which implies moving the supply curve to the right.

6 0

3 years ago

Which of the following has limited liability for its owners, but passes income through to its investors and avoids double taxati

elena-14-01-66 [18.8K]

The one that has limited liability for its owners, but passes income through to its investors and avoids double taxation is option C. S Corporation. Read below about S Corporation.

<h3>What is S Corporation?</h3>

A variation on the standard corporation model is the S corporation. An S corporation passes its income through to its owners, so that the entity itself does not pay income taxes. The owners report the income on their tax returns, thereby avoiding the double taxation that arises in a regular C corporation.

Therefore, the correct answer is as given above

learn more about S corporation: brainly.com/question/13187927

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The complete question goes thus:

Which of the following has limited liability for its owners, but passes income through to its investors and avoids double taxation

A. C Corporation

B. Partnership

C. S Corporation

D. Types of Business Entities

3 0

1 year ago

Treasury bills and Treasury notes are an investment security issued by the U.S. government. A Treasury bill matures within one y

mel-nik [20]

Answer:

I would rollover.

Explanation:

It is expected an increase in the interest rate in the near future. It is better to wait for the purchase of a long-term note because, once the interest rises, the price of the TS at 9 years will decrease to match the new yield.

While doing a rollover we can make the cash work at 5% and start yielding at 7% in six month. Once the expectation of higher interest rate vanish, I can consider moving to a long Treasury Bill, which most probably will have a lower cost than today.

5 0

3 years ago

When picking an order at Amazon what should I do with perfume

xxMikexx [17]

Ummm i don’t think i understand the question

5 0

3 years ago