Answer:
Closing Inventory value is $3,485.
Explanation:
FIFO is the inventory costing method which assumes that the item purchased earlier will be sold first and the item purchases at last will be sold at last.
According to FIFO the inventory cost of McCarthy Company is as follow:
Date Description Price Unit Total Balance
October 1 Opening $200 8 $1,600 $1,600
October 2 Purchases $205 20 $4,100 $5,700
October 4 Sales $200 8 $1,600 $4,100
Sales $205 3 $615 $3,485
Closing Inventory value is $3,485.
Answer:
9.62%.
Explanation:
Set the values of the bond on the financial calculator as follows :
PV = - $785
FV = $1,000
PMT = $1,000 x 4% = $40
P/YR = 1
N = 5
I/YR = ??
Here the question requires us to determine the value of the yield to maturity or I/YR.
Inputting the values as above in the financial calculator gives the I/YR as 9.62%.
An economic cost of instability would be increase in unemployment - a.
Having a very volatile (instable) market can create problems which make it more unsure how people would be able to keep a job for a longer time-frame. When a market is volatile, this essentially means that a lot of changes can happen very fast - making it unstable for people and their jobs.
Answer:
$53,000
Explanation:
Data given in the question
Beginning Accounts Receivable = $26,000
Credit Sales = $130,000
Collections of credit sales = $87,000
Write-offs = $16,000
So
As we know that
Ending Accounts Receivable = Beginning Accounts Receivable + Credit Sales - Collections of credit sales - Write-offs
= $26,000 + $130,000 - $87,000 - $16,000
= $53,000
I guess the correct answer is budget surplus.
When tax revenue is higher than government expenditures, the government incurs a budget surplus.
