Answer: A $304
Explanation: LIFO means last in first out. It means it is the older inventory that is sold off first.
On November 1, total value of inventory = $20 × 5 =$100
On November 2, total value of inventory = $100 + ( $22 × 10) = $320
On November 6, total value of inventory = $320 +($25×6) = $470
On November 8, 8 units of inventory was sold. This would be taken from the older stock of inventory. These inventories are the those from November 1 and 2.
The remaining inventory after the sale = (7 × 22) + 150 = $304
A licensee who is operating in the capacity of a party's designated agent must notify any clients of the existence of the agency relationship in writing.
<h3><u>An agency agreement is what?</u></h3>
In a legal contract known as an agency agreement, the first party, known as the "principal," agrees that the activities of the second party, known as the "agent," bind the principal to later agreements made by the agent as if the principal had made them personally.
In law, the ability of the agent to bind the principal is known as authority. A person may be compelled to pay for purchases made by a close relative using their credit card if they provide their credit card to them, which is an example of implied authority generated by an agreement.
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A business that does not need a full-time accountant, would most likely use a public accountant in which services are exchanged for a fee.
<h3>Who is an accountant?</h3>
An accountant is a professional who is responsible for analyzing and interpreting financial records of an organization. He also keeps the financial records of business or firm that employs him.
The role of an accountant include performing accounting functions such as:
- Analyzing accounts
- Auditing
- Reporting the financial transactions of a person or a business.
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Answer:
45
Explanation:
The formula to compute the number of parts is shown below:
= Demand × lead time × (1 + safety factor) ÷ kanban cards
= 300 units × 45 minutes × (1 + 20%) ÷ 6
= 300 × 0.75 hours × 1.2 ÷ 6
= 45
The 45 minutes would be 0.75 hours i.e 45 minutes ÷ 60 minutes = 0.75 hours.
So we consider all the components which are given in the question. Hence, all the information is relevant
