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3 years ago

The first costs assigned to ending inventory are the costs of the beginning inventory under the

1 answer:

Nadusha1986 [10]3 years ago

6 0

<span>The answer is LIFO method or last in first out method. This is a practice that is rarely used in business as it could cause the inventory to become very old and unusable. For example milk on a shelf in the grocery store, if you keep putting fresh milk out front the back milk would expire before being used.</span>

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Dove Corp. began operating a hardware store in the current year after constructing a building at a total cost of $100,000 on lan

Sloan [31]

Answer:

100,000 building will be the amount subject to depreciation

Explanation:

The land doesn't depreciate.

The land is the real state property, it is not depleted and neither suffers a loss of value through time.

The real state taxes are tax expenses for the period.

The depreciable basis will be the bulding which is affected for the past of time.

5 0

3 years ago

Walker Machine Tools has 6.5 million shares of common stock outstanding. The current market price of Walker common stock is $72

Ksivusya [100]

Answer:

(a) Earnings per share = Net income ÷ Number of shares

= $22,500,000 ÷ 6,500,000

= $3.46

Price-earnings ratio = Stock price ÷ Earnings per share

= $72 ÷ $3.46

= 20.81

(b) Earnings per share = Net income ÷ Number of shares

= $22,500,000 ÷ (6,500,000 + 650,000)

= $3.15

R = (M0 - S) ÷ (N + 1)

= ($72 - $66.50) ÷ (7 + 1)

= $0.69

where,

M0 = current market price of Walker common stock

S = selling price per share

N = seven rights is needed to buy one of the new shares

Ex-rights price = Rights-on price - Rights value

= $72 - $0.69

= $71.31

Price-earnings ratio = Stock price ÷ Earnings per share

= $71.31 ÷ $3.15

= 22.64

3 0

3 years ago

A retailer is considering investing £190,000 in a second store , the probability that sales will be £300,000 is 0.6 and the prob

KIM [24]

D............................................................

7 0

3 years ago

7. Which of the following is NOT a function of money * 3 points A Unit of account B Store of value C Protection against inflatio

Nuetrik [128]

Answer:

C Protection against inflation

Explanation:

As we know that there are three functions of money i.e.

1. Unit of account

2. Store of value

3. Medium of exchange

There is only 3 functions of money that are shown above

So the protection against inflation would not be considered for the same

And, these 3 would represent the functions of money and can be treated as the unit of account, store of value and the medium of exchange

Hence, the option c is correct

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3 years ago

An increase in government spending of $300 billion and a tax cut of $300 billion will have _____ effects on the budget balance a

worty [1.4K]

An increase in government spending of $300 billion and a tax cut of $300 billion will have equal effects on the budget balance and unequal effects on real Gross Domestic Product (GDP). Expansionary will be the effect of a government deficit.

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4 years ago