Produce goods and services that are not environmentally friendly and increase the affect of manufacturing goods and services
Answer and Explanation:
1. Margie Johnson would be ethically wrong if she grants the boss's favour to not report inventory shrinkage. Also financial statements would not show a true and fair view if she decides to follow what her boss is asking. She should report true inventory value in financial statements.
2. Yes Ryan is being professional since he is out to improve company's sales and income even though he may be putting pressure on employees to work overtime
Given the Ricwy corporation maintenance cost is modeled by the formula y=4800+0.4x, the maintenance cost when x=9000 hours will be:
y=4800+0.4(9000)
y=4800+3600
y=$8400
The total maintenance cost for the month of August will be $8400
Answer:
b. $299,574
Explanation:
For calculating the ask price, we first need to compute the present value which is attached in the spreadsheet.
In this question, we use the present value formula which is shown in the spreadsheet.
The NPER represents the time period.
Given that,
Future value = $0
Rate of interest = 7.5%
NPER = 25 years - 1 years = 24 years
PMT = $25,000
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the present value is $278,673.65
Now the ask price is
= $274,574.17 + $25,000
= $299,574.17
Answer:
Debit 1,000 cost of goods sold.
Explanation:
Based on the information given what should the accounts do with the price change will be to DEBIT 1,000 COST OF GOODS SOLD.
Dr Costs of goods sold $1,000
Cr Inventory $1,000
[($50*$120)-($50*$100)]
(To record adjusting entry to reduce Inventory value under lower of cost or market value rule)
