Answer:
The amount allocated to ending inventory is $ 11,520
Explanation:
Using LIFO basis of inventory valuation implies that the items received last are sold first,in other words, sales of 160 units comes from the purchases of 240 units made on July 5,that leaves 80 units of the purchase in closing inventory.
However,the sale of 140 units on 30 July is taken from purchases of 120 units on July 21 as well as purchases of July 5.
The amount allocated to ending inventory is computed below:
July 5 60 units at $112 $6,720
opening inventory 40 units at $120 $4,800
Value of closing inventory $11,520
Answer:
a. $58,400
Explanation:
A discounted note, will make the person receive a lesser amount than the amount due at maturity. This way the person who grants the note is receiving interest for borrowing.
<em><u>Calculations</u></em>
principal x discount rate x time = discount
<em><u>Where</u></em> rate and time should be expressed in the same metric IE if the rate is annual express time in portion of years if it is monthly, in months.
60,000 x 0.08 x 120/360 = 1,600
Now, we subtract this amount form the nominal:
nominal - discount = net
60,000 - 1,600 = <u>58,400</u>
Answer:
compression
Explanation:
Bit rate refers to the size of an electronic object that is created digitally. As for example 2 kb, 4 mb for an image or document or video, etc:
Further the size can be reduced if the image is cropped, or the resolution is decreased.
By cropping the bite rate is reduced as now the object is smaller, or in case compression technique is used, the object tends to reduce in size again.
The resolution being hd or non-hd helps to reduce the size too.
Answer:
Interdepartmental politics is a major problem with <u>horizontal </u>communication.
✘ Create dotted-line relationships to formalize communications.
✔ Establish goals for communication in advance.
✔ Focus communication on achieving a certain task or outcome.
✘ When creating teams, choose people with wide differences in rank within the organization.
Answer:
The Journal entry for the first interest payment and the amortization of the related bond premium is as follows:
Premium on issue of bond:
= $30,887
Interest expense A/c ($440,000 - $30,887) Dr. $409,113
Premium on issue of bond A/c Dr. $30,887
To cash ($8,000,000 × 11% × ½) $440,000