Answer:
Ending inventory at cost using the conventional retail method is $46,824
Explanation:
The conventional retail inventory method is the way for retailer to track cost of purchasing and sale prices. In this calculation, it includes markups but exclude markdowns, then results in a lower inventory value.
Sheffield Inc. had beginning inventory of $12,000 at cost and $21,500 at retail, so the ratio of inventory cost and sales prices is 55.81%.
As such, the inventory cost of $184,000 at retail = 55.81% x ($184,000 + $9,600) = $108,048
The ending inventory cost of Sheffield Inc. = beginning inventory of $12,000 + net purchases of $142,872 – inventory cost for sales $108,048 = $46,824
Answer:
the depreciation expense using the double-declining-balance method for the years 2020 and 2021 is $18,000 and $10,800 respectively
Explanation:
The computation of the depreciation expense using the double declining method for the year 2020 and 2021 is as follows:
For 2020
= (Cost) × depreciation rate
= $45,000 × 1 ÷ 5 × 2
= $18,000
For 2021
= ($45,000 - $18,000) × 0.40
= $10,800
hence, the depreciation expense using the double-declining-balance method for the years 2020 and 2021 is $18,000 and $10,800 respectively
Answer:
B. i think,I'am not a 100% sure but if i get you wrong then am soooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo sorry
Explanation:
Answer:
Division of labor
Explanation:
Division of labour is an economic concept which states that dividing the production process into different stages enables workers to focus on specific tasks. If workers can concentrate on one small aspect of production, this increases overall efficiency – so long as there are sufficient volume and quantity produced.
Traditionally, older adults have been portrayed in a stereotypical manner by the American media.
<h3>What is
stereotypical?</h3>
A stereotype is a generalized opinion about a specific group of people that are used in social psychology. People may have this expectation of every member of a given group. Expectations can take many different forms; they might relate to a group's personality, interests, appearance, or skill. Stereotypes can occasionally be true even when they are overgeneralized, unreliable, and resistant to new knowledge.
When applied to specific individuals, these generalizations about groups of people may be accurate, but they may also be incorrect, which is one of the causes of prejudice.
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