Answer:
correct option is A. $5,087
Explanation:
given data
March 1, 2016, inventory: 1,000 gallons @ $7.20 = $7,200
Purchases amount Sales
Mar. 10 600 gals @ $7.25 4350 Mar. 5 400 gals
Mar. 16 800 gals @ $7.30 5840 Mar. 14 700 gals
Mar. 23 600 gals @ $7.35 4410 Mar. 20 500 gals
Mar. 26 700 gals
total 3000 @7.267 21800
cost of good sold 2300 @ 7.267 16714
so
balance is = 3000 - 2300 = 700 @ 7.267
ending inventory is $5087
so correct option is A. $5,087
Answer:
D) $4,200
Explanation:
the business investigation expenses of a taxpayer who is already engaged in a similar trade or business are fully deductible in the year incurred regardless of whether or not the taxpayer goes into a new business.
Therefore, the maximum amount of deduction for the current year is
$4,200.
Electric bill payable Liability
<h3>Is an electric bill considered a liability?</h3>
In our example, the utility bills for gas and electricity used in December are both an expense and a liability as of December 31.
When the utility bills are paid, the liability is eliminated.
To learn more about liability, refer
to brainly.com/question/24553900
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When a firm uses price descrimination, people with an inelastic demand curve will pay higher prices for the item relative to those purchasing the product and have an elastic demand curve
A lot of issues affect an economy. when government borrowing to finance the economy, an increase in the deficit will lead to high increase in interest .
- Higher interest rates will tend to limit or “crowd out” a lot of private investment, and this in turn will limit growth.
<h3>How will the financing of government spending influence national savings?</h3>
Due to an increase in government expenditures, the government finances will have to try and get additional spending via borrowing.
This then will bring about reduction in public savings. When private savings are unaffected, the effect of a reduction in public savings will tend to lower the total levels of national savings.
Learn more about government spending from
brainly.com/question/25125137
