Answer:
a. $15,500
Explanation:
Based on LIFO, cost of 1500 unit sold will be entirely from the Purchases (year X1). Therefore, we have:
Value of units purchases (year X1) outstanding after sales = (2,000 - 1,500) * $11 = 500 * $11 = $5,500
Therefore, we have
LIFO Inventory on 12/31/X1 = Value of beginning Inventory (1/1/X1) + $5,500 = $10,000 + $5,500 = $15,500.
Answer:
Explanation:
Before showing how short term debt should be presented before doing this we have to classify the items in each head
Like - In current liabilities, notes payable is recorded at $11,500
And, in the long term liabilities, the proceed after brokerage fees for $1,147,500 should be recorded.
The total amount would remain the same i.e $1,159,000
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There is not enough information to have a significant answer
You should measure the inputs to a restaurant process in customers and the outputs in dollars is a false statement.
<h3>What is the flow of a restaurant?</h3>
This is known to be called the patron's flow and it is one that tends to originate from the entrance to the table of the host, and also to the restrooms as well as the back out.
Note that Flow is seen as a form of volumetric flow rate and it is one that is simply known to be the volume of fluid that moves per unit of time.
Therefore, saying that you should measure the inputs to a restaurant process in customers and the outputs in dollars is a false statement.
Learn more about restaurant process from
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Answer: Nacho's operating income= b. $6,510.
Explanation:
First, we calculate the Total Asset of the Divison.
Asset turnover = Sales/ Total Assets
Total Assets = Sales/ Asset turnover
= $217,000/ 4
Asset turnover=$54,250
Also Return on investment = Operating Income/ Total Assets
Therefore Operating Income=Return on investment x Total Assets
= 12% X 54,250
=$6,510
