Answer:
$360,000
Explanation:
Last in first out (LIFO) is a method used in inventory where the cost of most recently purchased goods is the one to be expensed first. Also current losses are the first to be reported.
An inventory loss incurred in a quarter must not be deferred, but recorded as items within an interim must be reported in the same period they were incurred, unless it can be redeemed before the end of the fiscal year. It is not considered a temporary item.
The loss reported in May will be reported for that quarter in June.
Answer:
The correct answer is letter "A": see themselves as better than the average person.
Explanation:
In <em>social psychology</em>, individuals' self-serving bias is the point of view people have of themselves believing they are superior to others. Given a certain attribute, these kinds of individuals relate a positive outcome with their own "awesomeness" while a negative outcome is the reflection of others not being capable enough of reasoning like the individuals even though the individuals could be objectively wrong.
Answer:
The volume of water needed=0.86 liters
Explanation:
Step 1: Form an equation
The equation can be expressed as follows;
(Ac×Va)+(Wc+Vw)=Fc(Va+Vw)
where;
Ac=initial concentration of antifreeze
Va=volume of antifreeze in liters
Wc=concentration of water
Vw=volume of the water in liters
Fc=final concentration of the antifreeze
This expression can be written as;
(concentration of antifreeze×volume of antifreeze in liters)+(concentration of water×volume of the water)=final concentration of the antifreeze(volume of antifreeze in liters+volume of the water in liters)
In our case;
Ac=45%=45/100=0.45
Va=3 liters
Wc=0
Vw=unknown
Fc=35%=35/100=0.35
Replacing;
(0.45×3)+(0×Vw)=0.35(3+Vw)
1.35=1.05+0.35 Vw
0.35 Vw=1.35-1.05
0.35 Vw=0.30
Vw=0.3/0.35=0.86
Vw=0.86 liters
The volume of water needed=0.86 liters
Answer:
The answer is attached for ease of understanding and reference.
Explanation:
Answer:
Journal Entry to reflect the event is as follow;
Dr. Cr.
Utility Expense $520
Utility bill payable $520
Explanation:
Utility bill is received it means the expense is accrued and it is not due until the month end so a liability will be created and will be paid next month.
