producers often make minor changes in products and advertise them as new and improved. Why do they take this action?

On January 1, 2021, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one inventory po

Mama L [17]

Answer:

Avondale Lumber

Calculation of Inventory Amounts at the end of each year:

= Inventory cost divided by the Index:

2021: = $408,450/1.05 = $389,000

2022: = $420,740/1.09 = $386,000

2023: = $478,500/1.10 = $435,000

2024: = $513,585/1.13 = $454,500

Explanation:

a) Data and Calculations:

Year Ended Inventory Cost Index Year-End Costs

(Relative to Base Year)

2021 $ 408,450 1.05 $389,000 (408,450/1.05)

2022 420,740 1.09 $386,000 (420,740/1.09)

2023 478,500 1.10 $435,000 (478,500/1.10)

2024 513,585 1.13 $454,500 (513,585/1.13)

b) The conversion of the ending inventory cost to the base year with an index is obtained by dividing the inventory cost by the index. This gives a cost that is relative to the base year.

5 0

3 years ago

Which of the following groups on the Home tab contain commands to format text as a bulleted or numbered list?

Monica [59]

Answer: Paragraph

Explanation: The paragraph group on the Home tab contains the command required for necessary paragraph formatting including multilevel list, indentation adjustment, line spacing between and after paragraphs, text alignment options,borders, bullets and numbering formatting options.

The bullet and numbering text formatting options provides oprions to either use stylish filled circles to denote distinction in a list or use direct numbering of each items in a list.

8 0

3 years ago

Stefan is from Spain and is visiting Denmark. He finds himself very popular among native Danes because they like his casual and

VikaD [51]

Answer:

Explanation:

When you are old, you become fine. Why do you need three feet of turtle hair? In addition to putting on airs and spreading rumors, the eloquent plague turtle tricked ants into continuing to invest in their own rotten-tailed "chickens" by changing tricks, tricking the ants who were about to get a refund from SEC into falling into a scam and handing their hard-earned money into their own pockets. On the other hand, he boasted that Xibi can make loans in many countries around the world, and bewitched ants to keep buying coins. The crafty pest turtle said in live broadcast of Gator that through the decision of the new platform committee, the investment project will be postponed until the end of the year, until all the comrades-in-arms have returned all the refunds of the old chairs. Guo Ju lied to this statement in order to let the ants take all their hard-earned money into their pockets and carry out a second money-cutting scam. Then, the plague turtle, who has a lot of tricks, falsely claimed that the world economy was bound to collapse, and no one was spared. However, comrades who already have Xibi can survive and rest easy. Guo Wengui is full of turtle belly lies, promising ants a high return of a million profits, with the purpose of inducing ants to invest in the "chicken line" and continue to collect money. Guo Ju cheated such a greedy and crazy circle of money because the bankruptcy court hearing is just around the corner on April 27th, and he will go to jail at any time. Before you go to jail, you cut an ant to pay a huge fine and avoid jail time. I hope the ants will be vigilant and never send money to plague turtles again, or it will be too late to regret it.

3 0

2 years ago

Sam's Dog toys sells a Red toy and a Blue toy. The contribution margin for the Red toy is $5 and for the Blue toy is $10. The ex

DENIUS [597]

Answer:

500 units

Explanation:

The computation of the sales units in volume to achieve the desired profit is shown below:

= (Fixed cost + target profit) ÷ (contribution margin per unit)

= ($3,000 + $500) ÷ ($5 × 60% + $10 × 40%)

= $3,500 ÷ 7

= 500 units

Hence, the sales units in volume to achieve the desired profit is 500 units

The above formula should be applied to determine the sales units

hence, the same would be considered

8 0

3 years ago

Which of the following firms has a high-performance culture? a. Rexot Bron Inc., a start-up firm that neither focuses on achievi

dsp73

Answer:

"C"

Explanation:

A high performance culture is a set of laid down rules (culture ) that an organization observe to achieve outstanding results (performance ) with the primary aim of getting an edge over competitors. It guides the daily activities of employees.

The four major attributes of a high performance culture are Strong leaders , employees involvement , continuous learning environment and flexibility .

The corporate values of the organization is paramount and every action must be directed towards its achievement.

3 0

3 years ago