FIFO stands for First In First Out and LIFO stands for Last In First Out.
Answer: LIFO produces more favorable cash flow because LIFO PRODUCES LOWER INCOME TAX EXPENSE.
During inflation, LIFO approach is adopted for tax benefits. With the rise in prices, LIFO produces higher cost of sold amounts of goods.
Answer:
Phi Upsilon Nu
The total annual costs for the Alpha Ave. location with twenty persons living there is:
= $9,000.
Explanation:
a) Data and Calculations:
ANNUAL OPERATING COSTS
LOCATION FIXED VARIABLE Total Costs
Alpha Ave. $5,000 $200 per person $9,000 ($5,000 + $200 * 20)
Beta Blvd. $8,000 $150 per person $11,000 ($8,000 + $150 * 20)
b)The variable cost of each location varies according to the number of persons living there and the rate incurred per person. The fixed cost does not vary, at least, with the relevant range for either location. When the total variable costs are computed, these are added to the fixed cost to obtain the total costs. Then there is a comparison of the two locations to determine the location with the least total costs.
Answer:
Preferred dividends = $16500
Common dividends = $23500
Explanation:
given data
cash dividend = $40,000
share 5000 = $20 par
preferred stock = 6%
share = 10000
common stock = $15
preferred stock = $12,000
to find out
preferred and common stockholders
solution
Preferred stock dividends = 5000 × $15 × 6%
Preferred stock dividends = $4500
and
Preferred dividends = $4500 + $12000
Preferred dividends = $16500
and
Common dividends = $40,000 - $16500
Common dividends = $23500
The kings name is King Stefan
