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:
specialty shopping
Explanation:
Based on the scenario being described within the question it can be said that this type of shopping is referred to as specialty shopping. This refers to when an individual goes through extra special purchasing efforts in order to find and purchase a particularly unique product with the correct characteristics that the buyer wants. Which is exactly what Diana has done in order to find the dog that she wanted.
Answer: C. QuickBooks Online Advanced
Explanation:
With the QuickBooks Online Advanced, Johanna can be bake to do batch transactions faster even when there's an increase in workload. In the QBO Advanced, there are batch transaction entry for sales, checks, receipts, invoices, etc.
Since Johanna wants to be able to set up specific roles for the 15 different users in her company, including providing access to her CPA, outsourced CFO, and an outside integration specialist and ProAdvisor, the version of Quickbooks Online that would allow her to accomplish this is the QuickBooks Online Advanced.
Answer:
The NPV is - $14958.49 . The opportunity should not be pursued as the NPV of the project discounted at the interest rate of 15% comes out to be negative . Thus, Nielson Motors should not proceed with the project.
Explanation:
To determine whether the project should be accepted or not, we need to calculate the NPV or Net Present Value of the project. If the NPV is positive, the project should be accepted.
The formula to calculate the NPV is attached.
NPV = - 1000000 + 250000 / (1 + 0.15) + 450000 / (1 + 0.15)² +
650000 / (1 + 0.15)³
NPV = - $14958.49429
The opportunity should not be pursued as the NPV of the project discounted at the interest rate of 15% comes out to be negative. Thus, Nielson Motors should not proceed with the project.
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