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3 years ago

In which of the following stores would you pay the least amount for an item that is priced $360? Store

Business

2 answers:

Scorpion4ik [409]3 years ago

6 0

The correct answer will be C.

Licemer1 [7]3 years ago

4 0

The correct answer for the question that is being presented above is this one: "c. Sale of $35 off and a successive discount of 10% off." The stores would you pay the least amount for an item that is priced $360 is that c. Sale of $35 off and a successive discount of 10% off.

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The Tolar Corporation has 500 obsolete desk calculators that are carried in inventory at a total cost of $720,000. If these calc

grandymaker [24]

Answer:

It is more profitable to upgrade the calculators.

Explanation:

Giving the following information:

The Tolar Corporation has 500 obsolete desk calculators that are carried in inventory at a total cost of $720,000. If these calculators are upgraded at a total cost of $140,000, they can be sold for a total of $200,000. As an alternative, the calculators can be sold in their present condition for $50,000.

We need to determine whether it is more convenient to upgrade the calculators or sell them as they are.

Upgrade:

Effect on income= 200,000 - 720,000 - 140,000= -$660,000

Not upgrade:

Effect on income= 50,000 - 720,000= -$670,000

It is more profitable to upgrade the calculators.

5 0

4 years ago

On January 1, 2017, Columbia Corp. changed its inventory method to FIFO from LIFO for both financial reporting purposes. The cha

Phoenix [80]

Answer:

b) income statement as a $2,320,000 cumulative effect of accounting change

Explanation:

Base on the scenario been described in the question, The change in inventory steps to FIFO from LIFO which made an increase in Inventory should be recorded in the retained earnings statement as a $2,320,000 addition to the beginning balance. Option b is the answer

5 0

3 years ago

A company uses a periodic inventory system. The company had beginning inventory of 3 units that cost $5 each. During the month,

lesantik [10]

I believe it is C or D

7 0

3 years ago

Fitness Bands Corporation gathered the following information for Job #928: Standard Total Cost Actual Total Cost Direct materia

Eduardwww [97]

Question:

standard total cost Actual total cost

Direct material

Standard 2000 pints $3.50/pint $7,000

Actual 2,500 pints $5.00/pint $12,000

Answer:

Materials quantity variance= $1,750 unfavorable

Explanation:

Material quantity variance occurs when the actual quantity used to achieved a given level of output is more or less than the standard quantity.

It is determined by the difference between the actual and standard quantity of material for the actual level of output multiplied by the the standard price

pints

Standard quantity allowed 2,000

Actual quantity used 2,500

Quantity variance 500 unfavorable

Standard price $3.50

Materials quantity variance 1,750 unfavorable

Materials quantity variance= $1,750 unfavorable

8 0

3 years ago

A risk manager says: "I recognize the theoretical possibility of an asteroid falling on one of our plants, but there is absolute

svlad2 [7]

Answer:

Explanation:

This case is en example of Planned, unfunded retention because here the outcome is already known but nothing can be done about it. So this does not affect our managerial and financial decision making.

Unfunded retention is type of retention plan under which losses are paid out of cash flow or out of funds obtained by borrowing

5 0

3 years ago