Answer:
the entry to report this accounting change is in the attachment.
Explanation:
By moving from LIFO to FIFO, there's is going to be an increase in the value of inventory from of 30,000. That is $380,000 - $350,000.
The answer to this question is to make a journal entry. I have done this in the attachment.
Answer:
The correct option is a. $61.25.
Explanation:
Note: The correct cost function of the farmer is as follows:
C(Q) = 0.05Q^2 ……………….. (1)
Differentiating equation
MC = C’(Q) = 0.1Q
P = Expected price = (25% * $3) + (50% * $3.50) + (25% * $4) = $3.50 ……. (2)
Since profit is maximized when MC = P, we equate equations (1) and solve for Q which is the expected profit-maximizing quantity as follows:
0.1Q = 3.50
Q = 3.50 / 0.1 = 35
Substituting Q = 35 into equation (1), we have:
C(Q) = 0.05 * 35^2 = $61.25
R(Q) = Maximum expected revenue = P * Q = $3.50 * 350 = $122.50
The farmer's maximum expected profit = R(Q) - C(Q) = $122.50 - $61.25 = $61.25
Therefore, the correct option is a. $61.25.
Answer:
The answer is: False
Explanation:
Since the law was changed for the 2019 tax year, (Tax Cuts and Jobs Act 12-22-1977), alimony is no longer tax deductible nor the recipient has to report them as income. This change in the law will be in effect from 2019 through 2025. The only exceptions that apply are those couples who had finalized their divorce agreements before the end of 2018.
Answer:
Explanation:
Total quality management programs are the continual process of detecting and eliminating errors in manufacturing, streamlining supply chain management, improving the customer experience, and ensuring that employees are up to speed with training. This constant change and improvement allow companies like GC Micro to continuously grow their business and in term their profits. Therefore, for a large company such as this one, $70 million is nothing compared to the amount of money they will profit by improving their business.
Answer:
Individual
Explanation:
In the new global environment, relativism has been given equal consideration. Everyone has their own beliefs and thought procedure and they must be respected. Theo is an individual relativist that means that he believes everyone must make their own ethical rules and they should follow those rules. If he feels that gay marriages should be legal at the same time he knows that other people might feel different this is individual relativism.