Answer:
<u>The correct answer is that the cost of the ending inventory using the retail inventory method is US$ 100,962</u>
Explanation:
Wall-to-Wall Records
                                         Cost          Retail
Beginning Inventory	$ 48,000	$ 70,000
Purchases                     $ 210,000       $ 390,000
Cost of Goods Available for Sale	$ 258,000 $ 460,000
Cost to Retail Ratio
= $ 258,000 ÷ $ 460,000
= 0.5609 = 56.09%
                                                     Cost            Retail
Cost of Goods Available for Sale	$ 258,000   $	460,000
− Sales                                                                 $ 280,000
Ending Inventory                                          $ 180,000
× Cost to Retail Ratio                                    0.5609
<u>Ending Inventory                           $ 100,962	</u>
 
        
             
        
        
        
Answer:
$32,000
Explanation:
Calculation to determine the before-tax LIFO liquidation profit or loss that the company would report 
Before-tax LIFO liquidation profit =8,000 Units × ($12.00 per unit – $9.00 per unit) + (12,000 units-10,000units)× ($12.00 per unit – $8 per unit)
Before-tax LIFO liquidation profit =(8,000 units× $3 per unit)+(2,000 units ×$4 per unit)
Before-tax LIFO liquidation profit =$24,000+$8,000
Before-tax LIFO liquidation profit =$32,000
Therefore the before-tax LIFO liquidation profit or loss that the company would report in a disclosure note will be $32,000
 
        
             
        
        
        
Answer:
 the average product of 12 workers is 5
Explanation:
The computation of the average product of 12 workers is shown below:
= (Number of units of a product in the case of 11th workers + marginal product of units in 12th worker) ÷ number of workers 
= (54 + 6) ÷ 12 
= 5
Hence, the average product of 12 workers is 5
The same is to be considered 
 
        
             
        
        
        
Answer: b) peoples' responses to financial incentives.
Explanation:
Burrell would be wrong because the most leakage in federal assistance programs comes from the way people respond to financial incentives. 
Some people who have received this assistance from the Federal government have decided that it would be better to keep receiving this assistance instead of working to actually get paid. 
This has led to more people seeking assistance thereby increasing the number of people needing assistance and invariably increasing the cost of these federal assistance programs. 
 
        
             
        
        
        
There will be decrease in profit if dropping of sour cream. So that means Keith Inc would lose $4,000.00