Answer:
a. $1508
Explanation:
June 1 150 units
June 10 200 units
June 15 200 units
June 28 150 units
Total 700 units
Out of above, only 210 units are in hand. Under LIFO method, 150 units are from 1st June and 60 units are from 10th June.
Date Units (a) Per unit cost (b) Ending inventory (a*b)
June 1 150 $6.93 (1040/150) $1.040
June 10 60 $7.8 (1560/200) $468
Total 210 $1,508
So, using the LIFO inventory method, the value of the ending inventory on June 30 is $1,508
Answer:
$67,000
Explanation:
Remember that,
Cost of Goods Manufactured = Beginning WIP + Total Manufacturing Costs - Ending WIP
this can also be written as :
Ending WIP = Beginning WIP + Total Manufacturing Costs - Cost of Goods Manufactured
therefore,
Ending Work In Process Inventory = $25,000 + $200,000 -$158,000
= $67,000
Answer:
A home improvement store that just began business last year and had $2.7 million in gross receipts.
Explanation:
The IRS allows only a limited number of businesses to use cash basis accounting and in order to do so, the business must be:
- Partnership or C corporation with less than $5 million in total sales revenue per year
- Sole proprietorship or S corporation with less than $1 million in total sales revenue
- Cannot be a publicly traded corporation
- Personal service businesses with more than 95% of revenue specifically related to services.
- Family owned farms with total annual sales revenue less than $25 million.
Answer:
"Persuasive" "reminder"
Explanation:
Campbell's Soup Company ran a series of radio ads tied to local weather forecasts. Before an impending storm the ads said, "Time to stock up on Campbell's Soup." During the storm the ads said, "Stay home and stay warm with Campbell's Soup." The first ad was persuasive advertising, while the second ad was reminder advertising.
Answer:
B. neutralizers
Explanation:
Leadership neutralizers: The term "leadership neutralizers" is described as one of the factors that tend to prevent a specific manager from taking a few actions in order to improve or enhance work performances, or to take the actions that the "manager" ought to do to perform irrelevantly.
In the question above, the given statement is an example of neutralizers impacting leadership styles and behaviors.
