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Lina20 [59]
3 years ago
10

Buckeye Corporation adopted dollar-value LIFO on January 1, 2021, when the inventory value was $514,000 and the cost index was 1

.00. On December 31, 2021, the inventory value at year-end costs was $549,000 and the cost index was 1.04. Buckeye would report a LIFO inventory of:
Business
1 answer:
kupik [55]3 years ago
3 0

Answer:

$528,440

Explanation:

For computing the amount of inventory under LIFO method, first we have to determine the December 31 value based on the cost index which is shown below:

= Inventory value on January 1, 2021 × cost index

= $514,000 × $1.04

= $534,560

The difference would be

= $549,000 - $534,560

= $14,440

This amount reflect the increase in value

So, the inventory would be reported at

= Inventory value on January 1, 2021 + increase value

= $514,000 + $14,440

= $528,440

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Treasury bonds paying an 10.00% coupon rate with semiannual payments currently sell at par value. What coupon rate would they ha
andrezito [222]

Answer:

10.25%

Explanation:

The requirement which is Coupon rate can be calculated using EAR formula.

EAR = (1 + APR/n)^n - 1

EAR = (1 + 10.00%/2)^2 - 1

EAR = (1 + 0.1/2)^2 - 1

EAR = (1 + 0.05)^2 - 1

EAR = (1.05)^2 - 1

EAR = 1.1025 - 1

EAR = 0.1025

EAR = 10.25%

10.25% is the coupon rate for annually paying bond.

3 0
3 years ago
Sarah has a certain amount of money budgeted for tea and snacks during the work week, and she always aims to spend her entire bu
Lera25 [3.4K]

Answer: 5 cups of tea

Explanation:

Opportunity cost is what an individual, firm or government forgoes in order to get something else. For example, an individual might have $2. A pen costs $2 likewise a notebook. If the person decides to buy the pen, the opportunity cost is the notebook which he or she did not buy.

With the money Sarah has, spending her entire budget will give her 40 cups of tea or 8 snacks. This implies that for 1 snack, the opportunity cost is (40/8) = 5 cups of tea

4 0
3 years ago
Omni Insurance Company violates a state licensing statute when selling an insurance policy to Petra, in whose state Omni is not
sineoko [7]

Answer:

b. enforce the policy or recover the amount of the premiums paid.

Explanation:

Petra being a a member of the class of persons protected by the statute is a big advantage. This translates to lesser or no punishments at all for defaulting the set rules and protocols of insurance in his/her state.

This means Petra can either enforce the law as a top person or recover the amount of premiums paid.

7 0
3 years ago
In an inverted organization, who is at the top?
MrRissso [65]

A. Frontline staff is your answer because they are the staff that work directly with customers.

6 0
4 years ago
Read 2 more answers
Bill Dukes has $100,000 invested in a 2 stock portfolio; $75,000 is invested in Stock X and the remainder is invested in Stock Y
Marta_Voda [28]

Answer:

A. 1.30

Explanation:

In order to find portfolio beta we will multiply each individual stock's beta with its weight in the portfolio. Stock X has a weight of 75%(75,000/100,000) and a Beta of 1.5. Stock Y has a weight of 25%(25,000/100,000) and a Beta of 0.7.

Portfolio Beta = (1.5*0.75)+(0.70*0.25)=1.3

3 0
3 years ago
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