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3241004551 [841]
3 years ago
14

At the end of January, Mineral Labs had an inventory of 895 units, which cost $12 per unit to produce. During February the compa

ny produced 1,500 units at a cost of $16 per unit. a. If the firm sold 2,050 units in February, what was the cost of goods sold? (Assume LIFO inventory accounting.)
Business
1 answer:
FromTheMoon [43]3 years ago
3 0

Answer:

$30,600

Explanation:

Under the LIFO Method, the cost of good sold equals to

= February units × cost per unit + Remaining units × cost per unit

= 1,500 units × $16 + 550 units × $12

= $24,000 + $6,600

= $30,600

Since the firm has sold 2,050 units, so out of which 1,500 units sold at a price of $16 and the remaining 550 units sold at a price of $12

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Floyd tells his daughter Glenda that she can have his Harley Davidson when he dies, but he does not add this to his will. a. Thi
mylen [45]

Answer:

The correct answer is letter "D": not a valid gift.

Explanation:

As long as a beneficiary is not legally included in a will and the testator passes away, that individual will not formally receive any property of the deceased. All the benefits will be given to the registered beneficiaries expressed in the document only. The verbal intentions of the testator are not considered for these purposes unless recorded and legally proven.

8 0
3 years ago
Provide an economic argument for why the U.S. is home to 25% of global prisoners.
Rainbow [258]

Answer:

1. High rate of tax payment

2. Stricter Government Policies

3. High rates in crimes, kidnappings and killings

Explanation:

It is evident from statistics that the rate of incarceration in the United States is more than half of most countries in the World. It means that out 716 people out of 100000 people in the world are incarcerated in the United states.This is true due to the following reasons

1. The Economic situation in the states is a bit stricter than anywhere in the world. High taxes on Sole business owners, about 42%. Defaulters are made to face the wrought of the law.

2.

The U.S. criminal justice system has been politicized and more responsive to popular opinion, experts said. The United States also functions as 51 separate countries, because so many of the criminal justice decisions are made at the local and state levels. Legal officers like(Justice, sheriffs, prosecutors, legislators voting on crime laws, have supported the "get tough" policies that makes punishment stricter for offenders.

3. High rates in crime and killings. Crime rates and killings has been on the increase in recent times due to several economic and social factors. children for broken homes are not well brought up to instll moral values that could make them responsible and add value to the society hence they are more prone to social vices

6 0
3 years ago
Xanat is grief-stricken after the death of her mother. Consequently, her productivity at work is suffering. Humberto, her superv
Dima020 [189]

Answer: B) counseling

Explanation:

Counseling is the process of rendering professional advice and guidance to individuals through personal interviews, testing interests and aptitudes by utilizing psychological methods. In the case above the supervisor is trying to counsel Xanat due to her deteriorating performance, by assessing her and suggesting possible solutions to her condition.

3 0
3 years ago
Under the Uniformed Services Employment and Reemployment Rights Act of 1994, employers must reemploy workers who left jobs to fu
tigry1 [53]

Answer:

The correct answer is: <u>5 years</u>.

Explanation:

To begin with, the Uniformed Services Employment and Reemployment Rights Act of 1994 is the name given to an American law in the U.S. federal government in order to protect the rights of the civilians who were called to serve in military services regarding the subjects of their jobs and employment. It was signed into law by the U.S. President Bill Clinton in October 13, 1994.

Secondly, the criteria from the act known as USERRA establishes that the maximun period of time that a person could be absent from his work due to military duties and still retain reemployment according to the act is up to five years.

7 0
3 years ago
Business at Korey's Comics has been good, and Korey expects the same business next month. However, due to an increase in busines
Bezzdna [24]

Answer:

ADDITIONAL REVENUE & ADDITIONAL COST

Explanation:

If Korey has made the decision to bring on an extra hand to help run the store in the afternoons and the new employee will make $435 per month; then there are 2 changes that will happen to the monthly net income

1. Increased Revenue: Since the new employee will be bringing in additional revenue of $435, then the direct impact of that is an increment in the revenue line of the income statement

2. Increased Costs: Secondly, this change will affect Korey's monthly net income in the area of cost because he has to pay the extra hand some sort of monthly salaries which will have a reducing effect on profit.

7 0
3 years ago
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