Answer:
FiFo method as prices are continuously increasing
Explanation:
Date Units Cost Per Unit Cost
June 1 150 units $ 1,040 6.93
June 10 200 units 1,560 7.8
June 15 200 units 1,680 8.4
June 28 150 units 1,320 8.8
$5,600
As the unit price is increasing the method which yields the highest gross profit would be FIFO.But in some cases the income is overstated as the beginning inventory is too old to account for . Similarly Lifo gives lower net income but that too is not very beneficial when the inventory is almost obsolete.
The average method gives a measure in between FIFO and LIFO.
Answer:
Procedural
Explanation:
-Procedural justice refers to having a fair and transparent process that is used to make decisions.
-Interpersonal justice refers to treating people affected by a procedure in a respectful way.
-informational justice refers to letting people know why certain decisions were made.
-Distributive justice refers to a fair distribution of resources among people.
According to this, the answer is that their complaints were related to procedural justice because when they complaint about the form used for evaluating employee effectiveness they are talking about the process that is used to make the evaluations.
The other options are not right because the situation doesn't refer to how people is treated, the information of the process or the distribution of resources.
Answer:
$94
Explanation:
The computation of the cost of the ending inventory using the FIFO method is shown below:
But before that first we have to determine the ending inventory units which is
= 7 units from A to G + 5 units from H to L + 6 units from M to R
= 18 units
And, 6 units are sold
So, the ending inventory units is 12 units
Now the ending inventory is
From last to beginning
= 6 units × $8.50 + 5 units × $7.50 + 1 units × $5.50
= $51 + $37.5 + 5.50
= $94
This is the answer but the same is not provided in the given options
The correct answer to this open question is the following.
In the set of all past due accounts, let the event A mean the account is between 31 and 60 days past due and event B means the account is that of a new customer. The complement of A is all accounts fewer than 31 or more than 60 days past due.
That is why is so important to maintain a good credit score. A past-due account was not paid on time and with the minimum amount of money it was required. So pay attention to the last day marked in your account statement. It is not a good thing to your record and you will be paying extra money due to a late fee.
