Answer:
D. $934,500.
Explanation:
FIFO Method:
170 x $870 = 147,900
270 x $970 = 261,900
370 x $1,070 = 395,900
115 x $1,120 = 128,800
Hence, Total Cost of Goods Sold for 925 Laptop Computers will be $934,500.
Answer:
d.economic duress
Explanation:
The economic duress in simple terms means a party who is entering into a contract frightens or threatens of cancelling the contract or does not act according to the terms of the contract unless the other party in the contract agrees to their demands.
In the context, the conduct of Roger against Karl is probably can be called as the 'economic duress' as Roger informs Karl before the deadline of filing the response that he will not represent himself against IRS unless Karl enters into a deal of an expensive retainer agreement. Thus it is an economic duress that Roger is showing and forcing Karl to agree on his demands.
Answer:
Accounting history dates back to ancient civilizations in Mesopotamia, Egypt, and Babylon. For example, during the Roman Empire the government had detailed records of their finances. However, modern accounting as a profession has only been around since the early 19th century. The earliest accounting records were found over 7,000 years ago among the ruins of Ancient Mesopotamia. At the time, people relied on accounting to keep a record of crop and herd growth.
Explanation:
FALSE
because hubert being a competitive firm, if it decreases the price of engine, demand increases and thus production increases. Therefore revenue also increases.
Answer:Yes, because even if you have money you will never be able to satisfy all of your wants and must therefore make choices.
Explanation:
Economists say our "want " exceeds our "have" nomatter what the state of economy we find ourselves in but what we want always exceed what we have.
We may accumulate the greatest riches of this world but still we may even desire and want to buy another planet hypothetically speaking.
We are always craving for more than what we have no matter how large or huge what we have is but still our hearts yearns for more than that.
The more wealth we accumulate the more our desires increase because we keep wanting the next thing that is better than what we already have.
