Answer:
$2,468,000
Explanation:
LIFO reserve = “Allowance to Reduce Inventory to LIFO” = the difference between the inventory method used for internal reporting purposes and LIFO.
LIFO effect = the change in the Allowance balance from one period to the next = the adjustment that companies must make to the accounting records.
Dr Cost of Goods Sold $168,000
($486,000- $318,000)
Cr Allowance to Reduce Inventory to LIFO $168,000
$2,300,000 +$168,000 =$2,468,000
Therefore the amount that Bramble should report as Cost of Goods Sold in the 2018 income statement is $2,468,000
Warranty expense is the value associated with a faulty product repair, replacement, or refund. A warranty comes with a warranty duration in the course of which the seller or manufacturer of the good is in charge for any defects that can also appear all through the use of the product.
<h3 /><h3>Is warranty an amassed expense?</h3>
Expense Warranty (Accrual) approach – if the assurance is inseparable from the product being sold and guarantee charges are probably and can be fairly estimated, accrue these prices as a liability in the 12 months of sale.
<h3>When Should assurance fee be recorded?</h3>
Therefore, a corporation should report in the duration of the sale the estimated fee of repairing or changing the product at some point of the guarantee period. That expected price is recorded as a liability on its stability sheet and as an fee on its profits statement.
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brainly.com/question/14070965</h3><h3 /><h3>#SPJ4</h3>
Answer:
11%
Explanation:
Nominal interest rate = real interest rate + inflation rate
6% + 5% = 11%
Anticipated Inflation rate is the rate at which it is expected that price levels would rise.
Real interest rate is the rate of interest that has been adjusted for the effects of inflation.
I hope my answer helps you
Answer:
total salary = (40 x $18) + (6 x $18 x 1.5) = $882
Dr Salaries expense 882
Cr Federal income tax withholding payable 120
Cr OASDI tax withholding payable 61.74
Cr Medicare tax withholding payable 13.23
Cr Salaries payable 687.03
Dr Payroll tax expenses 119.07
Cr OASDI tax payable 61.74
Cr Medicare tax payable 13.23
Cr SUTA tax payable 35.28
Cr FUTA tax payable 8.82
Answer:
The supply of loanable fund will increase.
Explanation:
If the government provides incentives on the savings then the people will induce to save more. Therefore, in the loanable market, the supply of loanable funds will increase because the commercial bank uses the money which a person save in banks. Thus the supply of loanable fund will increase in the market.