Answer:
Purchases= $3,620
Explanation:
Giving the following information:
Beginning inventory= $720
Ending inventory= $640
Purchase= ?
Used in the period= $3,700
<u>To calculate the purchases, we need to use the following formula:</u>
Purchases= used in the period + desired ending inventory - beginning inventory
Purchases= 3,700 + 640 - 720
Purchases= $3,620
Answer:
The gross profit method of inventory valuation is not valid when
c. the gross margin percentage changes significantly during the year.
Explanation:
Gross Profit Method:
It is such method that is used to determine the value of ending inventory in a specific period.
- The option a, b and d are valid as this method is used when there is substantial increase in the quantity of inventory or in the cost of the inventory during the year. Moreover, it is also used to calculate the amount of ending inventory that is effected by a disaster such as fire, theft etc.
- The option c is not valid because it is not used when the gross margin percentage changes significantly during the year as gross profit method is only used to determine the amount of an ending inventory.
"Assembly lines" is the one modern innovation among the following choices given in the question that Henry Ford would have been most interested to bring <span>to his automotive factories. The correct option among all the options that are given in the question is the fourth option or the last option. I hope it helps you.</span>
Answer: The answer is provided below
Explanation:
Hudson had negotiated the check to Bishop with the full knowledge on the existing claim by Ripley that the solar panels installed by him were not been in working condition could be due to a fault at his end and he had not discharged his part of the contractual obligation for being entitled to the payment.
Based on the National Check Fraud Center, the payee can only sue the drawee who is Ripley if the underlying obligation for which the check is given is extinguished. Since Hudson had failed to discharge his part of his obligation for receiving the check from Ripley, Bishop cannot sue Ripley for dishonoring the check.
Answer:
The answer is B. the price of a stock is above its fundamental value.
Explanation:
A stock market bubble is a type of economic bubble taking place in stock markets when market participants drive stock prices above their value in relation to some system of stock valuation.