Answer:
Ending inventory (rounded) under LIFO is 386
Explanation:
Month Units Unit Cost Cost Inven. Inven. Cost
nov-01 23 4,7 108,1 23 108
nov-08 94 5,05 474,7 55 278
nov-17 47 4,9 230,3 0 0
nov-25 70 5,1 357 0 0
78 386
The council of better business bureaus is a national organization devoted to consumer service and business self-regulation.
An operating activity includes those transactions and events that determine net income, including the purchase of merchandise, the sale of goods and services to customers, and expenditures to operate the business.
A business operates through certain actions that manage and keep the business alive. Such operating activities may include more than a couple of processes that help the business stay afloat.
- The operating activities of a business include all the things that a company does to provide an ongoing flow of products and services to the market.
- Such activities may include setting a strategy, keeping accounts of the transactions like purchasing of merchandise, the sale of goods and services to customers, and the expenditures incurred to operate the business.
- Operating activities are important as they control the cash flow of the business and maybe the sole source of ensuring the business stays alive.
- It is directly linked to the deep-end workings of the company, like the production, sale, distribution, etc. of the company.
Thus, operating activities such as the determination of the incomes, purchase of merchandise, sale of goods and services, etc. all play a huge part in the successful running of the company. It's actions such as these that determine the success or failure of the company.
Learn more about cash flow activities here:
brainly.com/question/14122060
Answer:
A) the factor whose price has increased will decrease, but the demand for the other factors
Explanation:
The production of goods and services in an economy comes from the combination of factors of production, for example labor and machinery. When the price of one of the factors of production increases, the quantity demanded by that factor will decrease, since there will be a rearrangement in production to alter the necessary composition between the factors in the production of a good. In other words, one factor will be replaced by another as much as possible.
For example, if the shoe production uses 2 machines and 10 workers. If the price of labor increases, the company may invest in buying one more machine and reducing the number of workers to 5.
Answer:
$20,000
Explanation:
Distribution basis = $50,000
Stock basis = $30,000
Ordinary income = $10,000
To compute capital gain tax,
Capital gain = Distribution basis -Stock basis - Ordinary income
= $50,000 - $30,000 - $10,000
= $10,000
To compute J.D income related to Clampett;
= Ordinary income + Capital gain
= $10,000 + $10,000
= $20,000