Answer:
(A) $390,000
Explanation:
Under LIFO method as the name suggests "Last In First Out"
the goods purchased in Last that is latest are sold first, that is goods purchased in 2015 will be sold first, therefore in the given case at the end of 2014 using LIFO we have,
Balance = $390,000
Because balance of goods purchased in 2014 i.e. $756,000 is sold first in 2014 remaining inventory at year end will be of 2013
Correct option is
(A) $390,000
The manufacturer of the gift boxes that Sylvia sells has offered her an incentive. What is this called? Push money. Push money is an incentive that is paid by a manufacturer to distributor so that they will sell their products. When the distributor sells the products for the manufacturer both end up making money overtime. It benefits the manufacturer to give an incentive for the distributor to sell their items because of the profit it ends up generating for the manufacturer.
Answer: Look farther into both options you have, whichever you need the most, pick that one
Explanation:
Answer:
Because fixed costs will not change, the overall effect on the company's monthly net operating income will be equal to the contribution margin of the product once the new component is added.
Explanation:
The contribution margin is equal to: Revenue - Variable Costs.
We already know that the variable cost will be increased by $50 once new component is added, and that monthly sales are expected to increase by 500 units after that.
Depending on the price of the product, the amount sold, and the variable costs, we get the contribution margin, and this contribution margin will be exactly the same as the overall effect on the net operating income.
Answer: Option C
Explanation: An adjustable mortgage (ARM) is a borrowing form in which the rate of interest charged to the remaining balance varies all across the loan's lifetime. The new interest rate is set for an amount of time with an adjustable-rate mortgage, after which it resets regularly, often quarterly or even monthly.
The mortgage can be given at the normal variable rate/base rate of the lender. There may be a clear and statutorily defined relation to the applicable index, but if the creditor does not provide a specific link to the underlying market or index, the rate may be adjusted at the option of the lender.
