Answer:
The answer is: $600
Explanation:
Ellison Inc.'s total sales for the year were $18,000. By the end of the year $12,000 had been paid in cash and $6,000 still remained as accounts receivable. Out of those $6,000, the credit manager estimates 10% will be be noncollectible, that amounts to $600 ($6,000 x 10%).
FIFO reports higher gross profit and net income than the LIFO method when (a)prices are increasing
Explanation:
<u>FIFO (First in, First Out) reports higher gross profit and net income than the LIFO (Last In, First Out) method when prices are increasing. </u>
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The FIFO method refers to an inventory system wherein the first items purchased are thought to be sold first(i.e. First In First Out) while the most recent purchases make up the ending inventory.
On the other hand, the LIFO method is just the opposite. The recent purchase are sold first and the first item purchased makes up the ending inventory(last item that is in is sold first)
<u>Answer:</u>
<u>If there is 1 hour of production: </u>
Cars produced by Japan = 5/8 = .625 cars
HD TV produced by Japan = 15/10 = 1.5 HD TVs
Further,
Cars produced by US = 5/6 = .83 cars
HD TV produced by US = 15/5 = 3 HD TVs
So,
Opportunity cost of a car for Japan = 1.5/.625 = 2.4 units of HD TVs
Opportunity cost of car for US = 3/.83 = 3.61 units of HD TV
Since, Japan has lower opportunity cost of producing cars, so Japan has comparative advantage in producing cars.
Opportunity cost of a HD TV for Japan = .625/1.5 = .42 units of car
Opportunity cost of a HD TV for US = .83/3 = .28 units of car
Since US has lower opportunity cost of producing HD TVs, so US has comparative advantage in producing HD TVs.
Answer : I SAID THE B, CANNOT BE DETERMINED ....
Explanation:
FOR 2 DIRECT LOBOR HOURS!
Answer:
the number of units that should Sandoval include in its year-end inventory is 29,600 units
Explanation:
The computation of the number of units that should Sandoval include in its year-end inventory is given below:
= Opening units + units purchased + units at consignee location - units damaged
= 26,000 + 2,600 + 4,600 - 3,600
= 29,600
Hence, the number of units that should Sandoval include in its year-end inventory is 29,600 units
This is the answer but the same is not provided in the given options
