Answer:
Crane Company
If Crane Company uses LIFO, the value of the ending inventory is:
= $440.
Explanation:
a) Data and Calculations:
Units Unit Cost Total Cost
1/1/20 inventory 150 $4.00 $600
1/15/20 Purchase, 70 5.10 357
1/28/20 Purchase, 70 5.30 371
Total 240 $1,328
1/31/20 inventory 110 $4.00 $440 ($4.00 * 110)
b) The LIFO method assumes that goods that are sold first are the last that were purchased. Therefore, the cost of the ending inventory is usually based on the cost of the earlier inventory purchased. In our case, the cost per unit was based on the beginning inventory balance.
Answer: Wearable
Explanation:
The wearable computing device is one of the small devices that may be wide or narrow and it is one of the smartphone technology extension.
The main purpose of the wearable computing technology is that it providing a smart features and the various types of functions in the form of portable or small device.
According to the given question, Gipsi is running one of the manufacturing firm and recently she invest in the wearable computing device for improving the productivity by providing the efficient detail to the workers.
Therefore, Wearable is the correct answer.
Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $2,480
To Interest receivable $60
To Interest revenue $20
To Note receivable $2,400
(Being the collection of funds is recorded)
The computation of interest receivable is shown below:
= Principal × rate of interest × number of months ÷ (total number of months in a year)
= $2,400 × 10% × (3 months ÷ 12 months)
= $60
And for interest revenue would be
= Principal × rate of interest × number of months ÷ (total number of months in a year)
= $2,400 × 10% × (1 months ÷ 12 months)
= $20
Answer:
The correct answer is c. each branch has some power to limit the actions of the others.
Explanation:
The separation of powers or division of powers is a political principle in some forms of government, in which the legislative, executive and judicial powers of the State are exercised by distinct, autonomous and independent organs of government. This is the fundamental quality that characterizes representative and presidential democracy.
Montesquieu argued that “every man who has power is inclined to abuse it; He goes until he finds limits. So that the power cannot be abused, it is necessary that, by the disposition of things, the power stops the power ».3 In this way, the vigilance of the three powers among themselves is entrusted as each one watches, controls and stops the excesses of others to prevent, by their own ambition, that some of them predominate over others. It can be contrasted with the fusion of powers and separation of functions in parliamentary systems, where the executive and the legislature are unified, because the legislature appoints the executive.
