Which of the following is TRUE regarding a dead weight loss.

In 2005, Cobb adopted the dollar-value LIFO inventory method. At that time, Cobb's ending inventory had a base-year cost and an

kherson [118]

Answer:

$410,000

Explanation:

The computation of the ending inventory under the LIFO method is shown below:

= Year end cost + difference of amount × price level index

where,

Year end cost = Beginning cost

Difference of amount = $400,000 - $300,000 = $100,000

Price level index = $440,000 ÷ $400,000 = 1.1

So, the inventory cost is

= $300,000 + $100,000 × 1.1

= $300,000 + $110,000

= $410,000

6 0

3 years ago

SANDHILL CO. Trial Balance August 31, 2017 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,890 $10,890 Accounts Rece

ziro4ka [17]

Answer Explanation:

We match each debit change, with a credit to create an understandable entry.

Salaries and Wages Expense 1,320 debit

Salaries and Wages Payable 1,320 credit

to record accrued salaries for the period

depreciation expense 1,200 debit

accumulated Depreciation - Equipment 1,200 credit

to record depreciation for the year

Supplies Expense 1,050 debit

Supplies 1,050 credit

to record use of supplies for the year

Insurance Expense 1,490 debit

Prepaid Insurance 1,490 credit

to record expired insurance

Unearned Rent Revenue 1,030 debit

Rent Revenue 1,030 credit

to record accrued rent for the period

Account Receivable 660 debit

Service Revenue 660 credit

to record unrecorded service revenue

4 0

3 years ago

A firm is considering two projects. Project Peso requires an initial investment of $100,000. The Internal Rate of Return for Pro

Fofino [41]

Answer:

to accept both the projects i.e. Project Peso and Project Quasi

Explanation:

As we can see in the given case, that the weighted average cost of capital on the projects is 9% while on the other hand, Perso and Quasi both have the internal rate of return 10.6% and 12.6% i.e. above 9% so based on this, the decision that should firm make is to accept both the projects i.e. Project Peso and Project Quasi

The same would be relevant

6 0

3 years ago

In an organization in which high-level managers make the effort to involve others in decision making and seek opinions of others

NNADVOKAT [17]

Answer:

People or team oriented

Explanation:

The best organization culture is there when there is no comparison between the people who are working at different departments, different levels, etc

The rules, procedures, policies are all not for any single person

Here if the high level managers involves the others in decision making process and seek their opinions for the betterment of an organization that this represents the team oriented as the whole organization is working as a team so the same is to be considered

7 0

3 years ago

n the first two years your investment increases by 2.5% annually, in the third year it returns 12% but in the fourth year it goe

mote1985 [20]

Answer:

Ans. The average annual rate of return over the four years is 2.792%

Explanation:

Hi, first let´s introduce the formula to use

$r(Average)=\sqrt[n]{(1+r(1))*(1+r(2))*(1+r(3))+...(1+r(n))}-1$

Where:

r(1),(2),(3)...n are the returns in each period of time

n =number of returns to average (in our case, n=4).

With that in mind, let´s find the average annual return over this four years.

$r(Average)=\sqrt[4]{(1+0.025)*(1+0.025)*(1+0.12)+(1-0.07))} -1=0.022792$

Therefore, the average annual return of this invesment in 4 years is 2.2792%

Best of luck.

5 0

2 years ago