Answer:
The value assigned to ending inventory if Niles uses "weighted average" is $320 ( to 160 units @ $2 )
Explanation: Number of units Price per unit Total
Purchases on March 1 = 110 $1.10 $1,21
Purchases March 7 = 210 $2.10 $441
Purchases March 16 = 110 $2.70 $297
Inventory on March 31 = 160 $2.00 $320
Weighted Average Inventory value = Accumulated Value / Total Number of units
Weighted Average Inventory value = ( 121 + 441 + 297 ) / ( 110 + 210 + 110 )
Weighted Average Inventory value = 1.997674419 = $2.00
Answer:
The statement is: True.
Explanation:
When a firm purchases its own shares they become part of the company's treasury stock. This usually happens when the organization intends to sell those shares in the future. According to the General Accepted Accounting Principles (<em>GAAP</em>), the transactions between a firm and its owners are not considered as profit-making. Thus, when a company reissues the treasury stock shares no revenues or losses are recorded.
The planning and preparation for the demobilization process by the managers should start at the same time that they will begin the resource mobilization process since in terms of both time of delivery and fee, demobilization that is planned early makes the transportation of assets as orderly as possible at it also facilitates accountability.
