Answer:
-$2,350
Explanation:
In this question, we have to compare the cost which is shown below:
If we considered the reworked cost, then the sales would be
= Sales - reworked cost
= $55,700 - $1,750
= $53,950
And the scrap value is $56,300
So, the financial disadvantage would be
= Sales without reworked cost - scrap value
= $53,950 - $56,300
= -$2,350
All other information which is given is not relevant. Hence, ignored it
Answer:
b.$127,500 increase
Explanation:
Using Accounting Equation we can find thetotal increase in total assets:
Assets = Equity + Liabilities
Change in Assets = Change in Equity + Change in Liabilities
Change in Assets = $37,500 + $90,000
Change in Assets = $127,500
Total Change in equity and liabilities will be equal to the change in Assets.
So, the correct answer is b.$127,500 increase.
Answer: A $304
Explanation: LIFO means last in first out. It means it is the older inventory that is sold off first.
On November 1, total value of inventory = $20 × 5 =$100
On November 2, total value of inventory = $100 + ( $22 × 10) = $320
On November 6, total value of inventory = $320 +($25×6) = $470
On November 8, 8 units of inventory was sold. This would be taken from the older stock of inventory. These inventories are the those from November 1 and 2.
The remaining inventory after the sale = (7 × 22) + 150 = $304
Answer:
So if you subtract the cost of everything for her bakery she still comes out with making 53,000, so if she left she would not earn any profit because she would be making the same.
