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Gemiola [76]
3 years ago
8

The following lots of Commodity Z were available for sale during the year. Use this information to answer the question that foll

ows. Beginning inventory 10 units at $30 First purchase 25 units at $32 Second purchase 30 units at $34 Third purchase 10 units at $35 ​ ​ The firm uses the periodic system, and there are 20 units of the commodity on hand at the end of the year. What is the amount of inventory at the end of the year according to the LIFO method? a. $659 b. $655 c. $690 d. $620
Business
1 answer:
Maurinko [17]3 years ago
7 0

Answer:

d. $620

Explanation:

The computation of the ending inventory using the LIFO method under the periodic system is shown below:

Since there is 20 units given out of which 10 units are taken for $30 and the remaining 10 units are taken for $32

Therefore,  

= 10 units ×$30 + 10 units × $32

= $300 + $320

= $620

Hence, the ending inventory using the LIFO method is $620

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Suppose that the central bank must follow a rule that requires it to increase the money supply when the price level falls and de
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Answer:

A). Decrease the money supply so interest rates rise.

Explanation:

This could be explained simply because change in money supply results in changes in price levels and/or a change in supply of goods and services. An increase in money supply results in a decrease in the value of money because an increase in money supply causes a rise in inflation. As inflation rises, the purchasing power, or the value of money, decreases.

A change in interest rates is one way to make that correspondence happen. A fall in interest rates increases the amount of money people wish to hold, while a rise in interest rates decreases that amount. A change in prices is another way to make the money supply equal the amount demanded.

6 0
3 years ago
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Tell me about a time when you decided to sacrifice short-term gain for long term-success for your company?
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<u>Answer:</u>

<u>a good example of this is when we declined an equity investment offer. </u>

<u>Explanation:</u>

In the short-term one may see an investment offer as a never to be missed opportunity. However, certain investments lead to loss of control, this was true in our own case. Thankfully, we avoided the short-term gain in other to realize a long-term gain.

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3 years ago
The concept of target market as it pertains to marketing is defined as: Group of answer choices Dividing a market into groups ba
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Answer:

The correct option is option D, that is A set of buyers sharing the common needs or characteristics that the company decides to serve.

Explanation:

The concept of target market is termed as the group of potential customers to whom a company wants to sell its products and services. This group also includes specific customers to whom a company directs its marketing efforts.

Thus

Option A is not correct as it is not the market target, it is the process of market segmentations.

Option B is not correct as it is a the market coverage strategy which targets several segments of the market.

Option C is not correct as it is a method of effective marketing.

So only option D is correct.

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3 years ago
Nora contracts to work for ABC Investments during June for $2,500. On May 31, ABC cancels the contract. Nora refuses to accept a
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Answer:

c. $500

Explanation:

A contract is an agreement by two or more parties to perform a.certain activity within a given time.

When contract are breached, the beneficiary has the right to gain back the amount promised.

If the beneficiary can get another option, the other party is obligated to pay the balance.

On this instance Nora had the chance to get a new job at $2,000 salary the balance is $2,500 - $2,000= $500. Since she rejected the job she is responsible for that loss.

However ABC is still liable to pay the balance of $500

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3 years ago
A municipal bond is paying a 6% annual yield. An equivalent risk corporate bond is paying 7%. Investors with a tax rate of ____
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Answer:

The correct answer is 25%

Explanation:

To calculate the value of the tax rate to decide on the municipal bond, we must take the information of the annual yield minus the expenses associated with this product, on the interest of the corporate bond:

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In this way, 25% or more, is a percentage of the tax rate that can make them decide on the municipal bond option.

6 0
2 years ago
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