Answer: D) Subjective and inaccurate.
Explanation:
Estimation based on subjective analysis that is done on personal thoughts, opinion and view.It does not consider facts and figure to make approximation rather person's own perceptions are considered.Accuracy defines exactness and preciseness of any anything.
According to the question, estimation made by writer was not accurate because he missed the deadline in terms of time and did not include facts and information to make estimation rather it was made on personal thinking.
Other options are incorrect because estimation is not precise and objective. Thus, the correct option is option(D).
“Morals” I’m pretty sure is what you are looking for.
Well if you have a family business your family most likely will invest which is a smart way to start a business but if your business goes down the drain you lost your family investments
Answer:
Hi, the question you have provided is <em>missing data</em> on the Purchases and Available Inventory for Sale on the Company :
Here are the important principles to consider when calculating the value of Cost of Goods Sold using LIFO periodic Inventory Costing System.
LIFO stands for Last - In - First - Out. This method assumes that the last goods purchased are the first ones to be issued to the final customer or requisition department.
This means the valuation of inventory will be at the value of the <em>earliest </em>goods purchased and that the cost of goods sold will be at the <em>latest </em>prices.
<u>Units Sold Calculation</u>
In this question we are provided with Ending Inventory Balance of 26 units. Since its Periodic system, calculation of sales units will simply be Total Balance Available for Sale (Opening Balance plus Purchases) less Ending Balance of Inventory units.
<u>Cost of Sales Calculation</u>
Now with the units sold having been calculated, we have to use the principles of LIFO to make sure that of those units sold, last goods purchased are the first ones to be issued to the final customer.
