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2 years ago

It is easier to find a new career while still employed; never quit until you've found a new career.

1 answer:

6 0

This statement is true as being employed while looking for a new career provides multiple benefits. You would be productive the entire time you are building a new career. You could still be able to get learning from your existing career that you could potentially use in the future. Employers like employees that have multiple skills that they could offer.

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The Xu Corporation uses a periodic inventory system. The company has a beginning inventory of 300 units at $5 each on January 1.

bogdanovich [222]

Answer:

Cost of goods sold is d. $1,600

Explanation:

The LIFO is a method used to account value for inventory. Under the method, the last item of inventory purchased is the first one sold.

1. January 1, Inventory 300 units, $5 per unit. Total $1,500

2. Purchasing:

In February, 500 units, $4 per unit. Total $2,000

In March, 200 units, $6 per unit. Total $1,200

The Xu Corporation uses a periodic inventory system and sells 300 units during the quarter.

Cost of goods sold = 200 x $6 + 100 x $4 = $1,200 + $400 = $1,600

3 0

2 years ago

Which of the following statement best describes the difference between a trade surplus and a trade deficit?. A. A trade surplus

vredina [299]

A. A trade surplus is when a country exports more than it imports, while a trade deficit happens when imports exceed exports.

7 0

2 years ago

Arsenal Company is considering an investment in equipment costing $30,000 with a five-year life and no salvage value. Arsenal us

sammy [17]

Answer:

option (B) $10,500

Explanation:

Data provided in the question:

Cost = $30,000

Useful life = 5 years

Salvage value = 0

Tax rate = 35%

Expected net cash inflow before depreciation and taxes = $20,000 per year

Now,

The total tax shield created by depreciation over the life of project

= Tax rate × ( Amount of depreciation over the life of project )

= 35% × ( Cost - Salvage value )

= 0.35 × ( $30,000 - 0 )

= $10,500

Hence,

The answer is option (B) $10,500

3 0

2 years ago

A seller uses a periodic inventory system, and on April 4, it sold $5,000 in merchandise on credit (when its cost is $2,400) to

8_murik_8 [283]

Answer:

Accounts Receivable 5,000 debit

Sales revenues 5,000 credit

COGS 2,400 debit

Inventory 2,400 credit

Sales Returns 1,000 debit

Accounts Receivable 1,000 credit

Cash 3,880 debit

SalesDiscount 120 debit

Accounts Receivable 4,000 credit

Explanation:

We record the sales revenues and the account the custoemr will have to setlte.

Then we record the decrease in our invenory for the goods we delivered and recognize the COGS

The return decreases the amount due fro mthe customer.

We aren't given information about the inventory being able to be restored or entering the inventory.

We should assume it is not available for resales, thus we don't increase our inventory.

The customer pays within discount period: "3/10"

3% discount within first 10 days

dsicount: 4,000 x 3% =120

cash collection: 3,880

Wewrite-off the receivable

4 0

2 years ago

The difference between actual hours times the actual pay rate and actual hours times the standard pay rate is the labor ________

4vir4ik [10]

Answer:

"Labor price variance " is the correct choice.

Explanation:

The variation throughout the labor rate represents the distance between real as well as anticipated labor costs. These were measured by taking the difference, based upon the number of additional hourly wages, between some of the real labor amount charged as well as the minimum amount.
Absolute variation in the labor rate is equivalent to absolute variation in the price of the commodity.

8 0

2 years ago