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german
3 years ago
6

Priscilla has the following inventory information.

Business
1 answer:
Mademuasel [1]3 years ago
3 0

The correct answer is found to be

a) $1,430.

Explanation:

  • To calculate FIFO (First-In, First Out) determine the cost of your oldest inventory and multiply that cost by the amount of inventory sold,
  • According to the LIFO method, the last inventory given should be the first one out. Which means, the units purchased at the 22nd should be the one to be first sold, also followed by the ones purchased at the 7th and by the beginning inventory on July 1st.
  • The number of units sold during July is:
  • n = 20 ₊ 70 ₊ 10₋30
  • n = 70 units
  • Using LIFO, the amount allocated to those goods should come from 10 units at $23 and 60 units at $20:
  • = 10 × $23 ₊ 60 ×  $20
  • = 1,430.
  • Therefore, the amount found to cost of goods sold for July is $1,430.

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As a component of real estate value, the principle of substitution states that
k0ka [10]

Answer:

a. If two similar properties are for sale, a buyer will purchase the cheaper of the two.

Explanation:

The principle of substitution justifies the idea that the maximum value of a property will be set by the selling price of an equally valuable and desirable substitute property. In this case of property sale, if an area has two similar houses and one is being sold for $912,000 and the other is priced at $105,000, buyers will most likely go for the cheaper one. There is no reason to pay more money if they will be getting a similar property at low cost.

3 0
3 years ago
In the fourth stage of rational decision making, managers will _____. evaluate the alternatives and select a solution implement
Ludmilka [50]

Answer:

The correct answer is: implement and evaluate the chosen solution.

Explanation:

Companies generally use different strategies to make decisions to obtain the best benefits. For example, companies often use the rational decision-making process to focus on analysis and logic, leaving subjectivity aside.

Through this method, different steps of the decision-making method are followed to achieve the objectives proposed objectively.

<em>For example, in the fourth step, the chosen solution must be implemented and evaluated, the managers are in charge of analyzing and executing the action plan</em>, in this way they evaluate each result obtained to know if the actions taken are the best and are reaching their goals.

<em>I hope this information can help you.</em>

6 0
3 years ago
A common measure of liquidity is a.the accounts receivable turnover. b.dividends per share of common stock. c.the asset turnover
krek1111 [17]

Answer:

The correct answer is letter "A": the accounts receivable turnover.

Explanation:

The liquidity of an asset reflects the ease with which it can be transformed into cash. The Receivables Turnover Ratio is an accounting measure used to quantify the effectiveness of the firm in both extending credits and collecting debt out of the company's sales. The Receivables Turnover Ratio is calculated by <em>dividing the net sales by the average accounts receivable</em>.

5 0
4 years ago
Wilbert's Clothing Stores just paid a $1.25 annual dividend. The company has a policy whereby the dividend increases by 2% annua
Anon25 [30]

Answer:

option (C) $1,353

Explanation:

Annual dividend paid = $1.25

Increase in dividend annually, g = 2%

Number of stocks to be purchased = 100

Rate of return, r = 12%

Price at the end of Year 3 = \textup{Annual dividend}\times\frac{\textup{(1+g)}^n}{\textup{r-g}}

here, n = 4 (after 3 years)

Price at the end of Year 3 = \textup{1.25}\times\frac{\textup{(1+0.02)}^4}{\textup{0.12-0.02}}

or

Price at the end of Year 3 = \textup{1.25}\times\frac{\textup{1.0824}}{\textup{0.1}}

or

Price at the end of Year 3 = $13.53

Therefore,

Expected amount to be paid for 100 shares = $13.53 × 100 = $1,353

Hence,

the correct answer is option (C) $1,353

8 0
3 years ago
Countries A, B, and C are at a particular level of economic integration. All these countries enjoy reduced or eliminated interna
Juli2301 [7.4K]

Answer:

Common market.

Explanation:

In this scenario, Countries A, B, and C are at a particular level of economic integration. All these countries enjoy reduced or eliminated internal tariffs on trade between them and have added a common external tariff on products imported from countries outside the union. If these countries remove all restrictions on the free flow of capital and labor among themselves, they represent a common market.

A tariff can be defined as a form of taxation employed by a country and applies to imported goods or services from another country.

A common market refers to a formal organization of countries who have collectively agree to trade freely with one another with reduced or eliminated internal tariffs but imposes a common external tariff on trade with other countries. It was founded in 1958 and was made up of countries like Luxembourg, France, Belgium, Netherlands, West Germany and Italy.

<em>The main purpose and advantage of the common market is that, it avails member countries the opportunity to move goods, people, services and capital freely. </em>

7 0
3 years ago
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