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3 years ago

HELLLPPPPPP!1? Which of the following payday frequencies provides employees with the smoothest cash flow? Weekly Semi-Monthly

1 answer:

4 0

Weekly payday frequency provides employees with the smoothest cash flow.
Many employees think that being paid weekly is the best way to be paid as it alleviates the whole process of waiting to be paid.

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Terry company had january 1 inventory of $100,000 when it adopted dollar-value lifo. during the year, purchases were $600,000 an

inna [77]

Answer:

Terry's Closing Inventory is $131,360.

Terry's Gross profit is $431,360.

We follow these steps to arrive at the answers:

1. Calculate the base value of closing inventory (CI):

$CI_{base value} = \frac{CI*Index at base year}{current price index}$

$CI_{base value} = \frac{143360*100}{112} = 128,000$

2. Calculate additions to inventory at base price

$Additions to inventory = CI_{base value} - Beginning inventory$

$Additions to inventory = 128000 - 100000 = 28,000$

3. Calculate the value of additions to inventory at current prices

$Additions to inventory_{current Value} = Additions to inventory_{base Value} * \frac{current price index}{base price index}$

$Additions to inventory_{current Value} = 28,000 * \frac{112}{100} = 31,360$

4. Calculate the value of Closing inventory

$Closing inventory = Beginning Inventory + Additions to inventory_{current Value}$

$Closing inventory = 100,000 + 31,360 = 131,360$

5. Compute Cost of Goods Sold (COGS):

$COGS = Opening Inventory + Purchases - Closing Inventory$

$COGS = (100000 + 600000 - 131360) = 568640$

6. Compute Gross profit

$Gross profit = Sales - COGS$

$Gross profit = 1000000 - 568640 = 431360$

5 0

3 years ago

Sally wanted to replace the old carpet in her home. She entered into a contract with Good Carpet Co. for the purchase and instal

Olin [163]

Answer:

B) The contract rules of the UCC apply, because the predominant purpose of the contract was sale of goods.

Explanation:

The contract doesn´t include in its mayor part provision of services. And Sally wanted to sue Good Carpet for the services that they provided, not for the good it sells.

5 0

3 years ago

AV Sales has net revenue of $513,000 and costs of $406,800. The depreciation expense is $43,800,interest paid is $11,200, and di

vredina [299]

Answer:

addition to retained earnings is $34,304

Explanation:

Revenue = $513,000

- Costs = $406,800

Gross Profit = $106200

- Depreciation expense = $43,800

- Interest paid = $11,200

Profit before tax = $51,200

- Tax 33% = $16,896

Profit after tax = $34,304

*Profit after tax is actually addition to Retained earning the dividend payment is made from the Retained earning account after that.

6 0

4 years ago

Discuss any one Internet-related security issue and one way to resolve the issue.

loris [4]

I think an internet issue is the liberty that people have out there, we gotta know how to control it and a good way to solve it is giving penalties for those who commit bad acts online.

6 0

4 years ago

Read 2 more answers

A(n) ____ goal for a waste management plant could be to "identify barriers to recycling as well as means to overcome those barri

OleMash [197]

Answer:

Tactical.

Explanation:

Strategic goals are utilized to characterize tactical goals, which demonstrate the particular accomplishment destinations of every office and division in the organization. The most profitable tactical goals will lead straightforwardly to the achievement of strategic goals.

7 0

3 years ago