Increase capital markets equal access to capital, and operate in competitive product and capital markets. under these conditionthen firms
Answer:
c. materials inventory, work-in-process inventory, finished goods inventory, cost of goods sold.
Explanation:
Costs are not static, they are dynamic, therefore, they move through the value chain.
It all begins with the cost of raw materials that push the whole chain. Afterwards, the cost moves to the work-in-process inventory. When the goods are finished, the cost moves to finished goods inventory, with the storing cost firstly in mind. Lastly, the cost resides with the cost of goods sold, with the added costs of distribution and sales.
Accounting-wise, the flow of cost introduces the LIFO and FIFO systems, which relate to the way how cost is managed throughout the flow - backward or forward.
All of the above are important for the flexible budget
Answer:
Yes, Because my father got medically retired from the military and the military payed for his college and is going to pay for mine.
Explanation:
The net income is $1.95 million, this is how we calculate this;
Sales last year is $14 million
Goods sold cost = $8 million
Depreciation expense = $2 million and debt is $1 million.
So the amount left = $14 million - ($8million + $2 million + $1 million ) = 14 - 11 = 3 million
tax rate is 35 %, so 35% of 3 million = 0.35 x 3 = $1.05 million
Net income = $3 million - $1.05 million = $1.95 million