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Advocard [28]
3 years ago
9

The Tital Company adopts dollar-value LIFO inventory on 12/31/19 when its inventory at current price is $45,000. The inventory v

alue on 12/31/20 at current 2020 prices is $65,000. If prices increased by 30% during 2020, the dollar-value LIFO inventory at 12/31/20 will be:_______
a. $58,000.
b. $51,500.
c. $65,000.
d. $48,700.
Business
1 answer:
almond37 [142]3 years ago
7 0

Answer:

b. $51,500

Explanation:

The correct answer is $51,500 which is b.

$45,000 * 30% = $13,500

This amount is then deducted from $65,000

$65,000 - $13,500 = $51,500.

LIFO is method of calculating the value of inventory in which all the units are valued.

LIFO stands for Last In First Out, which means the unit purchased the last will be sold first. In case of rising prices of inventory LIFO gives lower profits due to higher costs being charged for the units sold against the sale price which lowers the profit ultimately.

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Different investments have different levels of ___________ (savings, risk, or interest) and offer different rates of return. For
fiasKO [112]
I the second one is more risky I'm not really that good at business
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An export subsidy is a. a fee that is charged to a country that ships goods to the U.S. b. a limit on the quantity of a good or
aleksandrvk [35]

Answer:

c. a payment to a firm or individual that ships a good abroad

Explanation:

Export subsidy is a payment to a firm or individual that ships a good abroad. The aim of export subsidy is to encourage export. Thus, it increases the amount of goods and services that can be sold abroad.

I hope my answer helps you

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3 years ago
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A senator wants to raise tax revenue and make workers better off. A staff memberproposes raising the payroll tax paid by firms a
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Answer:

This proposal will not work.

Explanation:

All taxes work the same way, it doesn't matter if they are payroll taxes or taxes on goods or services. In this case, labor is the service provided by the employees (suppliers) and the employer is the consumer. A tax increase will reduce the demand for labor, and therefore the equilibrium price of labor (wage) will also decrease. If wages decreases, then workers are not going to be better off, on the contrary they will be worse off. This tax increase will lower both the wage and the employment level.

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3 years ago
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Convenience goods like Coke are available almost everywhere in the United States. Thus, Coke uses ______ distribution:
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Convenience products like Coke are available almost everywhere in the United States. Thus, Coke uses intensive distribution, which is related to the strategy of making the product available at many different retailers.

This is a marketing strategy widely used by companies that supply non-durable consumer goods, which are those that are consumed quickly, such as food, beverages and medications.

Therefore, non-durable goods such as Coke need to be replenished quickly, justifying the company's intensive distribution strategy, which makes its products easily available to consumers, increasing its profitability and positioning.

Learn more here:

brainly.com/question/3520708

7 0
2 years ago
Return to questionItem 1Item 1 Judy's Boutique just paid an annual dividend of $3.01 on its common stock. The firm increases its
lys-0071 [83]

Answer:

Cost of Equity = 11.30%

Explanation:

Computation Cost for Equity

Using Gordon Model

Market Price = [Dividend × (1 + Growth Rate )] / (Cost of Equity - Growth Rate)

41.08 = [$3.01 × (1 + 0.037)] / (Cost of Equity - 0.037)

41.08 = [$3.01 × (1.037)] / (Cost of Equity - 0.037)

Cost of Equity - 0.037 = $3.12 / 41.08

Cost of Equity - 0.037 = $0.076

Cost of Equity = 0.076 + 0.037

Cost of Equity = 0.1130

Cost of Equity = 11.30%

3 0
3 years ago
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