Answer:
Ending inventory will be lower if Blake uses the weighted-average rather than the FIFO inventory cost flow method.
Explanation:
Ending inventory will be lower if Blake uses the weighted-average rather than the FIFO inventory cost flow method.
True as under weighted average:
(17 + 18) / 2 = 17.50
the ending inventory will be one unit valued at $17.50
while under FIFO the 17 dollar unit was sold and declare cost
while the second is keep under ending invenotry at $18.00
Answer:
Cost-plus-fixed-fee pricing
Explanation:
Cost-plus-fixed-fee pricing is when the contractor specifies the expenses of a project and a fixed fee for the services that provides which allows the contractor to earn a profit. In this type of pricing, the overall cost of the project is determined at the end and all the authorized costs are paid to the contractor in full. According to this, the answer is that these contractors use cost-plus-fixed-fee pricing to compensate them for any cost overruns.
Answer: $19000
Explanation:
From the question, we are informed that Vaughn Manufacturing's allowance for uncollectible accounts was $190000 at the end of 2020 and $178000 at the end of 2019 and that for the year ended December 31, 2020, Vaughn reported bad debt expense of $31000 in its income statement.
The amount that Vaughn debited to the appropriate account in 2020 to write off actual bad debts will be:
= $31000 - ($190000 - $178000)
= $31000 - $12000
= $19000
Answer:
option (D) 10.34
Explanation:
The inventory turnover ratio for 2016 will be given as:
= [Cost of goods sold ] ÷ Average inventory
also,
Cost of goods sold in 2016 = $148,669
Average inventory = [ 2015 inventory + 2016 inventory ] ÷ 2
= [ 14,001 + 14,760 ] ÷ 2
= 28761 ÷ 2
= 14,380.5
Therefore,
The inventory turnover ratio for 2016 = $148,669 ÷ 14,380.5
= 10.34
Hence,
The answer is option (D) 10.34
Answer:
cutting taxes by $125 billion
Explanation:
given data
economy = 0.8
expenditure gap = $100 billion
to find out
cutting taxes
solution
we get here cutting or reduce taxes that is express as
cutting taxes = 
......................... 1
cutting taxes = 
solve we get cutting taxes
cutting taxes = $125 billion
so cutting taxes by $125 billion
