She is highly nimble (or flexible, adaptable, or other synonyms thereof, depending on whether there are exact choices). Having various small problems each day requires one to be able to solve them quickly (before they pile up), and to be able to move from one problem to the next without spending too much time thinking of one problem.
Answer:
$113,700
Explanation:
Last in first out (LIFO) is an inventory management method, in which the cost of the most recent product bought are the first to be charged to expenses.
With regards to the above question, we'll have;
Inventory sold = (12,000 × $13.5) + (900 × $13) = $173,700
Ending inventory = [7,200 × $12] + [(3,000 - 900) × $13]
Ending inventory = $86,400 + $27,300
Ending inventory = $113,700
Therefore, the ending inventory using LIFO is $113,700
Answer:
Authoritarianism
Explanation:
an authoritarianism government will not tolerate opposition but will permit the existence of debate on some issues of public policy.
Is important to notice that Decracy does allow for opposition to the government and relies on a healty opposition to keep the system working
While Totalitarianism will not tolerate any kind of though which is not in their belief system
Addition to Retained Earnings will be the amount will be Net Income as calculated using the above information:
Net income will be calculated as below:
Sales...........................................................$680000
Less: Cost of Sales.................................$342000
Less: Depreciation..................................$86000
Less: Interest Expense.........................$53000
Earnings Before Tax...............................$199000
Less [email protected] 23%.........................................$45770
Net Income..............................................$153230
Thus Income of $153230 will be added to Retained earnings and Cash dividend of $40000 will be reduced from therein.
Answer:
Darby Company
The amount of interest payable at December 31, Year 1 is:
$76.67
Explanation:
a) Data and Calculations:
Cash Revenue = $1,300
Bank Note Payable = $2,300
Interest rate on Bank Note = 10%
Issue date of bank note = September 1, Year 1
Term of bank note = 1 year
Amount of interest payable on December 31, Year 1:
= $2,300 * 10% * 4/12 = $76.67
b) The amount of interest payable on the loan totals $230 ($2,300 * 10%). However for Year 1, the interest payable is reduced to 4 months (September 1 to December 31, Year 1), amounting to $76.67. This implies that the remaining interest ($153.33) will be payable in the period between January 1 and August 31 in Year 2. In accordance with the accrual and matching principles of generally accepted accounting principles, interest expense must be accrued to the period when the expense is incurred and matched to the revenue it has generated.
