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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

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.

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The Economy Tomorrow Suppose a person who is developing an app crowdfunds $15,000 and holds this as cash for future expenses. If

Natali [406]

Answer:

Question 1)

Decrease in money supply = Decrease in checking account / Required reserves ratio

Decrease in money supply = $25,000 / 0.05

Decrease in money supply = $500,000

NOTE: As per Answering Policy, first question is answered.

Explanation:

Question 1)

Decrease in money supply = Decrease in checking account / Required reserves ratio

Decrease in money supply = $25,000 / 0.05

Decrease in money supply = $500,000

NOTE: As per Answering Policy, first question is answered.

5 0

3 years ago

Based on the following data for the current year, what is the number of days' sales in accounts receivable? Net sales on account

ki77a [65]

Answer:

25 Days

Explanation:

Average Account receivables:

= (Accounts receivables, beginning of year + Account receivables, end of year) ÷ 2

= (45,000 + 35,000) ÷ 2

= 40,000

Account Receivables Turnover = Net Sales on Account ÷ Average Account Receivables

Account Receivables Turnover = 584,000 ÷ 40,000

= 14.6 times

No. of Days Sales in Accounts Receivables:

= No. of Days in a year ÷ Account Receivables Turnover

= 365 ÷ 14.6

= 25 Days

4 0

3 years ago

A perfectly competitive firm will be willing to produce even at a loss in the short run, as long as?

Vikki [24]

A perfectly competitive firm will be willing to produce even at a loss in the short run, as long as the loss is no greater than its total variable costs.

Variable costs are expenses that vary in proportion to the volume of goods or services that a business produces. A variable cost is an ongoing cost that changes in value according to factors like sales revenue and output. Variable costs include labor, raw materials, etc.

Variable costs are costs that change as the volume changes. Examples of variable costs are raw materials, piece-rate labor, production supplies, commissions, delivery costs, packaging supplies, and credit card fees.

learn more about Variable costs here

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6 0

1 year ago

Retreaded Tires plans to save $23,500, $24,500, $26,500, and $28,000 at the end of each year for Years 1 to 4, respectively. If

exis [7]

Answer:

Option C. $105,608.11

Explanation:

Basis:

Interest compounded monthly
rate = 0.021/12 = 0.00175

1. Year 1:

All the figures in dollars.

Initial balance: 0
Initial balance + interest = 0
Deposit at the end of the year: 23,500
Final balance: 23,500

2. Year 2:

All the figures in dollars.

Initial balance: 23,500
Initial balance + interest: 23,500 (1 + 0.00175)¹² = 23,998.28
Deposit at the end of the year: 24,500
Final balance: 24,500 + 23,998.28 = 48,498.28

3. Year 3:

All the figures in dollars.

Initial balance: 48,498.28
Initial balance + interest: 48,498.28(1 + 0.00175)¹² = 49,526.60
Deposit at the end of the year: 26,500
Final balance: 26,500 + 49,526.60 = 76,026.60

4. Year 4:

All the figures in dollars.

Initial balance: 76,026.60
Initial balance + interest: 76,026.60(1 + 0.00175)¹² = 77,638.62
Deposit at the end of the year: 28,000
Final balance: 28,000 + 77,638.62 = 105,638.62

Assuming differences in rounding intermediate values, the answer is the option C.

3 0

3 years ago

Andy's two nephews want to travel to Philadelphia with him to see a show. Andy has two free plane tickets and three tickets to t

sleet_krkn [62]

A scarce resource.....

3 0

3 years ago