Answer:
Instructios are below.
Explanation:
Giving the following information:
Purchases:
190 units at $5
300 units at $7
395 units at $9
Assuming there are 250 units on hand
1) FIFO (first-in, first out). Under the FIFO method, the ending inventory cost is calculated using the cost of the last units incorporated.
Ending inventory= 250*9= $2,250
2) LIFO (last-in, first-out). Under LIFO method, the ending inventory cost is calculated using the cost of the firsts units incorporated.
Ending inventory= 190*5 + 60*7= $1,370
You can use an old soda bottle take off the label and replace it with your own design, how that helps. I have more ideas if you need them
Answer:
The answer is: D) A 401(k) is controlled and monitored by an employer, and an IRA is controlled by the investing individual.
Explanation:
A 401(k) is sponsored and controlled by an employer. The employer decides where the money is going to be invested. Sometimes the employer may match some of the employees' contributions. The employer can also take loans or hardship withdrawals from the 401(k) funds.
While IRA accounts are held by custodians which are banks or brokerage firms.
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Answer:
16.16%
Explanation:
The formula to compute the expected rate of return is shown below:
-
Expected rate of return = (Weightage of Stock G × Expected Returns G) + (Weightage of Stock J × Expected Returns J) + (Weightage of Stock K × Expected Returns K)
= (16% × 10%) + (56% × 16%) + (28% × 20%)
= (0.16 × 0.1) + (0.56 × 0.16) + (0.28 × 0.20)
= 0.016 + 0.0896 + 0.056
= 0.1616
= 16.16%
