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2 years ago

12

As a management consultant, lamont knows that regardless of how good his firm's product might be, the business has little chance

of success without a(n): a. outside consultant. b. auditor. c. financial plan. d. warranty.

1 answer:

Burka [1]2 years ago

6 0

I think it's a, I might be wrong but at least I tried to help or either d

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On January 1, 2021, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one inventory po

Mama L [17]

Answer:

Avondale Lumber

Calculation of Inventory Amounts at the end of each year:

= Inventory cost divided by the Index:

2021: = $408,450/1.05 = $389,000

2022: = $420,740/1.09 = $386,000

2023: = $478,500/1.10 = $435,000

2024: = $513,585/1.13 = $454,500

Explanation:

a) Data and Calculations:

Year Ended Inventory Cost Index Year-End Costs

(Relative to Base Year)

2021 $ 408,450 1.05 $389,000 (408,450/1.05)

2022 420,740 1.09 $386,000 (420,740/1.09)

2023 478,500 1.10 $435,000 (478,500/1.10)

2024 513,585 1.13 $454,500 (513,585/1.13)

b) The conversion of the ending inventory cost to the base year with an index is obtained by dividing the inventory cost by the index. This gives a cost that is relative to the base year.

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2 years ago

A company purchased a delivery van for $30,000 with a salvage value of $6,000 on January one, Year 1. It has an estimated useful

insens350 [35]

Answer:

The depreciation expense for Year 1 under units of production method is $5200.

Explanation:

The units of production method of depreciation charges the depreciation expense based on the activity level for which the asset was used during a period. There is an estimated useful life of the asset in terms of how many units it is expected to produce through out its useful life. The formula for units of production method of depreciation is,

Depreciation charge per unit = (Cost - Salvage value) / Total estimated useful of asset in units

Thus, per unit depreciation is = (30000 - 6000) / 60000 = $0.4 per mile

In the first year, the asset is used for 13000 miles so depreciation expense for the year is,

Depreciation expense Year 1 = 0.4 * 13000 = $5200

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3 years ago

Southern Food Service operates six restaurants in the Atlanta area. The company pays rent of $20,000 per year for each shop. The

Evgesh-ka [11]

Answer:

mixed cost

Explanation:

Southern Food Service pays their employees on both a fixed and variable manner:

managers are paid on a monthly fixed way ($4,200 per month) ⇒ fixed cost
the rest of the employees are paid on an hourly basis, which obviously varies depending on the amount of hours each person works ⇒ variable cost

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2 years ago

Why South Africa as a country has a shortage skilled workers

kirza4 [7]

Answer:

The shortage is partly because of the failure of the national education and training system to supply the economy with much-needed skills.

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2 years ago

What effect would a tax increase have on income

trasher [3.6K]

The Answer is D. It would not affect gross income. Gross income is the total amount of income you gain before expenses are taken away.

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2 years ago

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