Which two methods of project analysis are the most biased towards short-term projects?

Wildhorse Co. has the following inventory data:

miv72 [106K]

Answer:

Wildhorse Co.

Using the FIFO inventory method, the amount allocated to ending inventory for July is:______.

c. $3502.

Explanation:

a) Data and Calculations:

Date Description Units Unit Cost Total Cost

July 1 Beginning inventory 102 $19 $1,938

July 7 Purchases 357 $20 7,140

July 22 Purchases 51 $22 1,122

July 30 Total available for sale 510 $10,200

July 30 Ending inventory 170

July 30 Units sold 340

Value of Ending inventory using FIFO:

Date Description Units Unit Cost Total Cost

July 7 Purchases 119 $20 $2,380

July 22 Purchases 51 $22 1,122

Total value of ending inventory 170 $3,502

Cost of goods sold using FIFO:

Cost of goods available for sale = $10,200

Less Ending inventory 3,502

Cost of goods sold $6,698

7 0

3 years ago

Prepare Garzon Company's journal entries to record the following transactions for the current year. January 1 Purchases 9.5% bon

Andre45 [30]

Answer:

Garzon Company

Journal Entries

January 1 Debit 9.5% Bonds Receivable PBS $45,600

Credit Cash $45,600

To record the purchase of bonds in PBS.

June 30 Debit Cash $2,166

Credit Bonds Interest Revenue $2,166

To record the receipt of first semiannual interest.

December 31 Debit Cash $47,766

Credit 9.5% Bonds Receivable $45,600

Credit Bonds Interest Revenue $2,166

To record the receipt of both principal and second semiannual interest.

January 1 Debit 9% Bonds Receivable PBS $52,000

Credit Cash $52,000

To record the purchase of bonds in PBS.

June 30 Debit Cash $2,340

Credit Bonds Interest Revenue $2,340

To record the receipt of first semiannual interest.

December 31 Debit Cash $54,340

Credit 9% Bonds Receivable $52,000

Credit Bonds Interest Revenue $2,340

To record the receipt of both principal and second semiannual interest.

Explanation:

a) Data and Analysis:

January 1 9.5% Bonds Receivable PBS $45,600 Cash $45,600

June 30 Cash $2,166 Bonds Interest Revenue $2,166

December 31 Cash $47,766 9.5% Bonds Receivable $45,600 Bonds Interest Revenue $2,166

January 1 9% Bonds Receivable PBS $52,000 Cash $52,000

June 30 Cash $2,340 Bonds Interest Revenue $2,340

December 31 Cash $54,340 9% Bonds Receivable $52,000 Bonds Interest Revenue $2,340

3 0

3 years ago

Which most strongly drives producers in a free-market economy?

blsea [12.9K]

The factor that most strongly drives producers in a free-market economy is the profit motive.

<h3>What is a free-market economy?</h3>

A free-market economy is an economy in which forces of demand and supply determine how goods and services are allocated or supplied without government intervention.

In a free-market economy, the profit motive is a factor that most strongly drives producers because their aim is to maximize profit by selling at the highest price possible.

Learn more about the free-market economy: brainly.com/question/13510555.

#SPJ1

5 0

2 years ago

Connie is analyzing the financial statements of MegaMart and Bullseye Company. She wants to invest in one of the companies and i

Annette [7]

Answer:

D. financial accounting information.

Explanation:

Financial reporting can be defined as the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP). These accounting informations are prepared and made available for investors and other external agencies. Examples of financial statements includes Balance sheet, cash-flow and income statement.

In this scenario, Connie is analyzing the financial statements of MegaMart and Bullseye Company. She wants to invest in one of the companies and is trying to decide which company has the better past performance.

Hence, Connie is examining the financial accounting information.

4 0

3 years ago

Producing one yard of cloth requires 3 worker and 1 capital, while producing one pound of food requires 1 worker and 2 capital.

Afina-wow [57]

Answer:

d. 3QC + QF = 720

Explanation:

The labor constraint is the resource limitation in terms of labors. If labor resource is scarce then production schedule needs to prepared with special attention to utilize the resource in best possible way. The labor constraint is 3QC + QF = 720 for the ROW.

5 0

3 years ago