Answer:
$55 and $100
Explanation:
The computation of the ending inventory is shown below:
Under the LIFO method
= Ending inventory units × purchase price
where,
Ending inventory units is
= 10 units + 20 units - 25 units
= 5 units
So, the ending inventory is
= 5 units × $11
= $55
Under the Average cost method
The average cost per unit is
= (Beginning inventory units × price per unit + purchase inventory units × price per unit) ÷ (Beginning inventory units + purchase inventory units)
= (10 units × $10 + 20 units × $25) ÷ (10 units + 20 units)
= ($100 + $500) ÷ (30 units)
= ($600) ÷ (30 units)
= $20 per unit
The ending inventory units is
= 10 units + 20 units - 25 units
= 5 units
So, the ending inventory is
= 5 units × $20
= $100
Answer:
$43 million
Explanation:
The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.
The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.
The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.
An increase in assets other than cash is an outflow while an increase in liabilities is an inflow. Depreciation and other non-cash expenses deducted in the income statements are added back while the non-cash income such gain on asset are deducted from net income.
Peridot's Net cash outflows from investing activities (in millions)
= -$38 + $96 + $71 - $86
= $43
The gain from the disposal of land will be deducted from the net income under the cash flows from operating activities while the requisition of own shares is a financing activity.
Answer:
Single-layer taxation
Explanation:
Limited liability companies and S corporations are able to pass through their income as the owner's income. "LLC and S corporations" are entities, unlike the C corporation.
Pass-through entities have a taxation advantage over non- pass-through entities. In tax computation, a pass-through entity passes its income or losses as those of its owners; hence the entity will not be subject to income tax. The business profits are treated as income to the owners, who will pay individual tax income. LLC and S corporation have only one layer of taxation.
A C corporation is subject to taxation as an independent entity. The directors have to file corporate tax returns on behalf of the business based on the company profits. The business profits are distributed to the shareholder as dividends. The shareholders have to pay tax on the dividend received as part of their income tax. The shareholders are double-taxed, as the business owners- corporate tax and as individuals - income tax. Double layer taxation.
The frequent changes to which the organization must adapt demands that employees be continually trained to update their capabilities is known as cross-training program.
<h3>What is cross-training?</h3>
A program or a method in which an employee(s) who is a part of the organization is given the training of more than one skill on a frequent basis, such a method is known as cross-training.
Hence, the significance of cross-training is aforementioned.
Learn more about cross-training here:
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