Answer:
Sheridan Corporation
Value of Ending Inventory:
Product #1 Product #2
Before the new LCM rule:
Ending Inventory $7 $13
After the new LCM rule:
Ending Inventory $ 11 $21
Explanation:
a) Data and Calculations:
Product #1 Product #2
Historical cost $11 $21
Replacement cost 7 13
Estimated cost to dispose 8 10
Estimated selling price 22 35
Net realizable value 14 (22 - 8) 25 (35 - 10)
Less profit margin (30%) 4.2 7.5
Normal historical cost 9.8 17.5
Method of pricing its ending inventory = lower-of-cost-or-market
Product #1 Product #2
Historical cost $11 $21
Replacement cost 7 13
Net realizable value 14 25
Before the new LCM rule:
Ending Inventory 7 13
After the new LCM rule:
Ending Inventory 11 21
The new LCM rule states that the measurement of the ending inventory is solely restricted to the lower of cost and net realizable value.
Answer:
See below.
Explanation:
According to the data, current income before tax is as follows,
Income before tax = (10,500-6250-1300-325) = $2,625
So last year the Income after tax would be = (2625 - (2625*0.35) = $1,706.25
This year the depreciation rises by 1,250 so the total change in net income is as follows,
Income before tax for this year = 2625-1240 = $1385
After tax income = 1385 - (1385*0.35) = $900.25
So the total change in net income over the two years
= 1706.25 - 900.25 = Fall by $806
Hope that helps.
Answer:
See below.
Explanation:
Lets first calculate variable cost per unit using the highest and lowest activities,
Highest Activity 950 hours $9625 cost in month of May
Lowest activity 720 hours $8360 cost in month of February
Variable cost / unit
= (High activity cost - low activity cost) / (High activity hours - low activity hours)
Variable cost = (9625 - 8360) / (950-720)
Variable cost = $5.5/hour
We can compute the fixed element by multiplying variable cost by hours and subtracting from total cost corresponding to that activity level.
Fixed cost = 8360 - (5.5*720) = $4,400
Hope that helps.
<span>The net energy yield underlies various energy aggregation in economics and ecology such as tropic dynamics, national energy accounting and energy input output modelling in economics and the yield in 1954 can be derived from all this data.</span>
The core component that is critical to effective leadership in the emotional intelligence is empathy. Empathy is where an individual engages understanding towards the feelings of others in which is considered critical as leaders will be more understanding and emotional when exposed to situations.