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anygoal [31]
3 years ago
14

In its first month of operations, Culver Company made three purchases of merchandise in the following sequence: (1) 205 units at

$6, (2) 290 units at $6, and (3) 385 units at $10. Assuming there are 245 units on hand. Compute the cost of the ending inventory under the FIFO method and the LIFO method. Culver uses a periodic inventory system.
Business
1 answer:
Oksi-84 [34.3K]3 years ago
3 0

Answer:

$2,450 ; $1,430

Explanation:

The computation of the ending inventory using the periodic inventory system is shown below:

Under FIFO method

= 245 units × $10

= $2,450

We take the last units in this FIFO method

Under the LIFO method

= 205 units × $6 + 40 units × $5

= $1,230 + $200

= $1,430

We take the first units in this LIFO method

Hence, the closing inventory is come

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butalik [34]

Answer:

The correct answer to the given is B) severity.

Explanation:

Risk analysis can be defined as the process which helps in identifying and analyzing potential threats which could have a negative impact on the business project, in order to help an organization to avoid such risk. Severity which in simple terms means seriousness of a matter, and severity in the risk means the damage that a risky event can cause to a company's objective and goals, so therefore it won't be wrong top say that severity is based on worst outcome when risk is analyzed.

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3 years ago
When investors are not capable of making superior investment decisions on a continual basis based on past prices, public or priv
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Answer:

The correct answer is letter "C": strong-form efficient.

Explanation:

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The strong-from of the EMH states that all the private and public information is already reflected in the stock price, thus, investors cannot take advantage of the market.

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2 years ago
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In the U.S. balance of payments, this transaction would cause the balance on the current account to increase.

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Explanation:

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