The answer is: 145-390
Explanation:
According to the studies noted in the textbook, fractional aircraft ownership is cost effective with a travel budget less than $200,000 and an expectation of flying “145-390” hours per year.
Answer:
Which of the following involves gambling?
You bet that your school's team, which has won its last ten games in a row, will beat its rival in the next game.
Explanation:
You bet that your school's team, which has won its last ten games in a row, will beat its rival in the next game, this would be available on every bookies as it involves teams that are playing against each other
Answer:
The investment adviser first buys the shares for its customer accounts and then places the order necessary to buy the shares for its proprietary account
Explanation:
Since buying a large position for the adviser's customers might tend to push the price of the stock up, the adviser cannot benefit from this by "front running" the customer orders by placing an order to buy the stock for its proprietary account just before placing the big customer orders to buy. The best procedure is to buy the stock for the customers first and then for the adviser's proprietary account. Remember that the adviser is a fiduciary who must place his clients' interests first.
The Carlson Auto Dealers Inc.'s 2021 cost of ending inventory is $252,000 based on the <em>specific identification inventory method.</em>
2. The Carlson Auto Dealers Inc.'s Cost of Goods Sold for 2021 is $729,300 using the <em>specific identification inventory method.</em>
Data and Calculations:
Beginning Inventory of cars:
Car ID Cost
203 $78,000
207 78,000
210 81,000
Total = $237,000
Cost of Ending Inventory:
Car ID Cost
213 79,500 not sold
216 82,500 not sold
219 90,000 not sold
Total $252,000
Cost of Goods Sold:
Car ID Cost
203 $78,000
207 78,000
210 81,000
211 78,000
212 78,000
214 81,000
215 84,000
217 87,000
218 84,300
Total Cost = $729,300
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