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Sergio [31]
3 years ago
10

The following lots of Commodity Z were available for sale during the year. Beginning inventory 7 units at $49 First purchase 18

units at $50 Second purchase 53 units at $59 Third purchase 18 units at $64 The firm uses the periodic system, and there are 23 units of the commodity on hand at the end of the year. What is the ending inventory balance at the end of the year according to the LIFO method? a.$5,522 b.$1,447 c.$1,127 d.$1,143
Business
1 answer:
yuradex [85]3 years ago
3 0

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Beginning inventory 7 units at $49

First purchase 18 units at $50

Second purchase 53 units at $59

Third purchase 18 units at $64

The firm uses the periodic system, and there are 23 units of the commodity on hand at the end of the year.

To calculate the ending inventory using the LIFO (las-in, first-out), we need to use the cost of the firsts units incorporated to inventory:

Ending inventory= 7*49 + 16*50= $1,143

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Foreign managers trained in the latest management techniques can often help to improve the efficiency of operations in the host
dezoksy [38]

Answer: Resource Transfer Effects.

Explanation:

These foreign managers are trained with well equipped management techniques whether those techniques are acquired or greenfield developments. These foreign managers bring with them these resources and transfer them within the host country. This Foreign direct investments falls into the category of Resource Transfer Effects.

4 0
3 years ago
Pecan acquires Southern in an acquisition reported as a merger. The acquisition results in $50 million in goodwill. The acquisit
azamat

Answer:

Dr Earnings contingency liability $800,000

Cr Goodwill $800,000

Explanation:

Based on the information given the appropiate journal entry to record the new information includes a credit of $800,000 to:Dr Earnings contingency liability $800,000 and Cr Goodwill $800,000 reason been that the acquisition cost is lesser.

Dr Earnings contingency liability $800,000

Cr Goodwill $800,000

3 0
3 years ago
During the swing era, economically speaking, American labor industries increasingly turned to _______ and ______ to make the eco
Sergeu [11.5K]

Answer: machines; new technologies

Explanation: A number of factors all coalesced into the great depression of 1929. This was a time followed by the swing era (1933 - 1947)— the period of time when big band swing music was the most popular music in the US. However, there were a variety of economic changes in great depression that helped Americans cope with the undue hardship caused by the depression and the war that followed. At this time of slow growth, American labor industries increasingly turned to machines and new technologies to enable the economy run more efficiently which helped saved time in producing goods or delivery of services, contributing to the overall profits of the American businesses. It also contributed to the efficiency of a business's output rate, allowing for larger quantities of products to be moved or of services to be rendered.

8 0
3 years ago
Which statement is true? A. The vaule of money that you save increases over time B. The vaulue if money remains constant over ti
Alex_Xolod [135]

Answer:

A

Explanation:

You can think about this like how you put money into a bank and let the interest pile up over time.

7 0
3 years ago
(c) the limits of the terms of trade are determined by the comparative cost conditions in each country before trade: 1a
Lorico [155]

The limits of the terms of trade are determined by the comparative cost conditions in each country before trade:

Less commerce occurs as a result of partial specialization and rising costs than when costs are constant. The cost advantage one country has over another serves as the foundation for commerce. This explains why some countries make things that they also import since they are able to do so for less money than their trading partners.

What is comparative cost ?

Comparative costs refers to comparing, using a comparative costs approach, the costs of signing into a privatized contract to the expenses of the state maintaining to provide the services that are the subject of the contract.

Therefore,

Less commerce occurs as a result of partial specialization and rising costs than when costs are constant. The cost advantage one country has over another serves as the foundation for commerce. This explains why some countries make things that they also import since they are able to do so for less money than their trading partners.

To learn more about comparative cost from the given link:

brainly.com/question/8141905

3 0
2 years ago
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