Answer:
Date Units Unit Cost Unit Selling Price
July 1 Beginning Inventory 50 $ 10
July 13 Purchase 250 13
July 25 Sold (100 ) $ 15
July 31 Ending Inventory 200
Cost of Goods Available for sale= 250 units at $ 13+ 50 units at $ 10
= 3250 + 500= $3750
FIFO Ending Inventory $ 2600
200 units at $ 13= $ 2600
Sales 100At $ 15= $1500
FIFO Cost Of Goods Sold $ 1150
50 units at $ 10= $ 500
50 units at $ 13= $ 650
LIFO Ending Inventory $ 2450
50 units at $ 10= $ 500
150 units at $ 13= $ 1950
Sales 100 at $ 15= $1500
LIFO Cost Of Goods Sold $ 1150= Cost of Goods Available for Sale Less LIFO Ending Inventory = 3750- 2450= $ 1300
100 units at $ 13= $ 1300
Weighted Average Ending Inventory 12.5 * 200= $ 2500
Total Cost/ total units= 3750/300= 12.5
Weighted Average Cost Of Goods Sold $ 1150= Cost of Goods Available for Sale Less Weighted Average Ending Inventory = 3750- 2500= $ 1250
Weighted Gross Profit= Sales Less Weighted Cost Of Goods Sold= $ 1500- $ 1250= $ 250
Answer:
Complete question is attached in form of image.
a). Maximum amount of charitable deduction for Cash Contrbutions = 7650 + 5450
= $ 13100
a). Maximum amount of charitable deduction for Property Donations
= 15250 + 18375
= $ 33625
The amount of deduction for contribution to American Heart Association will be the amount equal to the cost of antique painting given to the american heart association.
The amount of deduction for contribution to First Methodist Church will be the amount equal to the FMV of Coca-Cola stock given to the first methodist church.
FMV stands for Fair market value.
Maximum amount of charitable deduction for Cash contribution = $ 13100 and Maximum amount of charitable deduction for Property donation = $ 33625.
Answer:True
Explanation:
The critical incident method is a case in which a supervisor notes an unusual event that denotes superior or inferior employee performance in some part of their job and when completing the evaluation form, the supervisor refers to the critical incident and uses the information to substantiate an employee's rating.
It is clear, then, that Andro has a "sustainable competitive advantage" over its competition.
.
The present business condition is exceptionally competitive. It's currently much simpler and less expensive to fire up a business, especially with innovation empowering business to be led on the web and globally to win clients in remote markets.
A sustainable competitive advantage is the key to business achievement. The power empowers a business to have more noteworthy center, more deals, better overall revenues, and higher client and staff maintenance than its rival
Answer:
$45,000
Explanation:
For computation of Carrot’s capital loss carryover to 2018 first we need to figure out some steps which is shown below:-
Step 1
Net Capital Loss = Net Short Term Capital Gain -2017 - Net Long Term Capital Loss -2017
= $65,000 - $250,000
= -$185,000
Here, Net Capital Loss amount $185,000 which is not deductible in year 2017, but can be carried back to the three preceding years i.e. 2014, 2015 and 2016
Step 2
Net Capital Loss is set off in preceding years = Net Short Term Capital Gain - 2014 + Net Short Term Capital Gain 2015 + Net Short Term Capital Gain - 2016
= $60,000 + $45,000 + $35,000
= $140,000
and finally
Amount of loss Carryover to 2018 = Net Capital Loss - Net Capital Loss is set off in preceding years
= $185,000 - $140,000
= $45,000
