Why would you want to know your net worth?

Sheffield Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows: Year

DedPeter [7]

Answer:

2021 inventory balance using dollar-value LIFO = $1,384,025

Explanation:

Note: Before answering the question, the data in it are sorted first as follows:

Year ended December 31 Inventory at End-of-year Prices Price Index

2019 $ 654000 1.00

2020 1261000 1.05

2021 1345250 1.10

The explanation of the answer is now given as follows:

Change in inventory in 2020 = Inventory at End-of-year Prices in 2020 - Inventory at End-of-year Prices in 2019 = $1,261,000 - $654,000 = $607,000

Change in inventory in 2021 = Inventory at End-of-year Prices in 2021 - Inventory at End-of-year Prices in 2020 = $1,345,250 - $1,261,000 = $84,250

2021 inventory balance using dollar-value LIFO = (Inventory at End-of-year Prices in 2019 * Price Index in 2019) + (Change in inventory in 2020 * Price Index in 2020) + (Change in inventory in 2021 * Price Index in 2021) = ($654000 * 1.00) + ($607,000 * 1.05) + ($84,250 * 1.10) = $1,384,025

5 0

3 years ago

employees make greater use of their skills and enjoy more opportunities for professional development in a organization.

DedPeter [7]

In a decentralized organisation, employee uses more of their skills and enjoy professional development as well.

Decentralized organization is a type of organizational structure where most decisions-making are made by mid or lower level managers.

Under a decentralized organizational structure, the senior management delegates majority of decision making to lower levels in the organization.

In conclusion, employees who works under a decentralized organisation viii make greater use of their skills. Development of professional career will be enjoyed because more freedom are given to them at the workplace.

Learn more about Decentralized Organisation here

<em>brainly.com/question/12653061</em>

5 0

2 years ago

A change in the asset turnover ratio from 2.0 to 1.8 would indicate: ____________

dem82 [27]

The decline in the value of the asset turnover ratio indicates an unfavorable trend in using assets to generate sales.

<h3>What is the asset turnover ratio?</h3>

The asset turnover ratio is a financial ratio known as the activity ratio. It measures the efficiency with which a firm carries out its operations. The higher the asset turnover ratio , the more efficient the firm is and the lower the ratio, the less efficient the firm is.

The asset turnover ratio = revenge / average total ratio

To learn more about financial ratios, please check: brainly.com/question/26092288

7 0

3 years ago

We have an intuitive appreciation for those who are able to earn a profit. We can see that resources flow to those who successfu

mr_godi [17]

Let's start it this way. Since a market system is a system of profit and loss, naturally, both profit or loss will play a vital role in the equation or system. Capitalist economies depend on markets when it comes to their economic activities. The market's role is to serve as a basis for them in determining what profitable activities and enterprises should the people invest on.Without the presence of loss in the equation of a market system, these people will not be able to determine where they should invest and/or withdraw from. Therefore, people base their decision of using their resources through knowing first the profit and loss. The loss will help them go away from companies or activities which will bring the losses.The downside for using the government in shielding companies from having losses is that the government will be abused by these companies. Since all companies will naturally want to not experience having losses.

8 0

3 years ago

A kidnapper takes a hostage and demands that the hostage pay ransom. They then play the following game in extensive form. The ho

storchak [24]

Answer:

Explanation:

we would be answering this question by presenting the data in a spreadsheet file (which is a computer program that is used for accounting purposes as well as recording of data using columns and rows which information can be entered in such a useful way for decision making, data analyzing and for record keeping.)

Microsoft Excel would be the spreadsheet application that would be used in answering this question, kindly check the attached image to see the presented solution to the question above.

4 0

3 years ago