Answer:
the ending inventory using the LIFO method is $1,225
Explanation:
The computation of the value of the inventory using the LIFO method is shown below;
Since there are 196 closing units
So,
= 146 units × $6 + 49 units × $7
= $882 + $343
= $1,225
The $6 come from
= $882 ÷ 147 units
And, $7 comes from
= $1,372 ÷ 196 units
Hence, the ending inventory using the LIFO method is $1,225
Answer:
The EPS in recession is $1.546 per share.
Explanation:
The earnings per share or EPS is a function of net income divided by the number of shares outstanding. The earnings per share calculates the dollar return per share that is earned in a year.
Earnings per share = Net Income / No of common shares outstanding
Where, Net Income = EBIT - Interest - Tax
The EBIT in recession will be = 86600 * (1-0.25) = $64950
The company is all equity financed so there is no interest cost.
Net Income in recession will be = 64950 - (64950 * 35%) = $42217.5
Thus, EPS in recession = 42217.5 / 27300 = $1.546 per share
Expansionary fiscal policy to prevent real GDP from falling below potential real GDP would cause the inflation rate to be _<u>higher</u><u>_</u>and real GDP to be <u>higher.</u>
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What is Expansionary fiscal policy ?</h3>
Expansionary fiscal policy can be defined as the type of fiscal policy in which government intend to increase the aggregate money supply while on the other hand cut or reduce the tax rate for the purpose of economy growth.
In a situation were real GDP fall below potential real GDP this tend to lead to increase in both inflation rate and real GDP.
Inconclusion the inflation rate will be _<u>higher</u><u>_</u>and real GDP will be <u>higher.</u>
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Learn more about Expansionary fiscal policy here:brainly.com/question/546292?source=archive
<span>The corporation would be the most suitable for Mr. Glowen. This would shield him from liability in the event that something negative were to occur. The liability for any and all debts would be taken by the company and not by the person himself.</span>
