Answer:
A) Cost of goods sold= $27750
B) Cost of goods sold= $26850
Explanation:
Giving the following information:
Beginning inventory: 925 units; $9 each
Production: 1650 units; $13 each
A) The firm sold 2,350 units in February, what was the cost of goods sold? (LIFO)
1650 units at $13= $21450
700 unit at $9= $6300
Cost of goods sold= $27750
B) The firm sold 2,350 units in February, what was the cost of goods sold? (FIFO)
925 units at $9= $8325
1425 units at $13= $18525
COGS= $26850
Answer:
Under IAS 16, the journal entry recorded on this date would include:
Debit Building (cost = €24m -€20m) €4000,000
Debit Accumulated depreciation - Building €6,000,000
Credit Revaluation reserve (Gain on revaluation) €10,000,000
<em>(To recognize the revaluation of building)</em>
Explanation:
Based on IAS 16, gains arising from revaluation of assets are always credited to Equity, under revaluation reserve caption, unless such gains reverse the previously recognized losses on the assets in the income statement. In that case, the revaluation gains would be taken to income statement.
Revaluation gains are unrealized gains. They become realized when the assets are disposed (sold) or derecognized from the books.
Answer:
The correct option here is B)
A Division manager is much more likely to receive a better grade if it's basic earning power ratio is above the average of other firms in its industry.
Explanation:
Basic Earning Power (BEP) ratio is a financial metric that estimates the earning capacity of business before tax and other leverages are deducted or taken into consideration.
To calculate your BEP ratio, you divide Earning Before Interest and Taxes (EBIT) by the total assets.
A higher BEP shows that the manager is better than other firms at using its assets to generate income.
Equity analysts always assess a company’s BEP before making the decision to invest. Simply put, the BEP shows them if a company’s stock is worth investing in.
Cheers!
Answer:1
Explanation:
9= is the hundred thousands digit
1= is the ten thousand digit
3=is the thousands digit
2= is the hundreds digit
5= is the tens digit
6= is the ones digit