Answer:
$5,200
Explanation:
Given that,
Beginning inventory @ May 1 500 units @ $ 2.60
First purchase @ May 7 600 units @ $ 2.80
Second purchase @ May 17 800 units @ $ 2.90
Third purchase @ May 23 400 units @ $ 3.00
Sales @ May 31 1,800 units @ $ 4.50
Cost of goods sold under LIFO cost flow method:
= Third purchase @ May 23 + Second purchase @ May 17 + First purchase @ May 7
= (400 × $3.00) + (800 × $2.90) + (600 × $2.80)
= $1,200 + $2,320 + $1,680
= $5,200
Answer: Quasi contract
Explanation: A contract that exist by the order of court and not by the agreement between the parties is called a quasi contact. These contracts are made by the court to avoid the unjust enrichment of the party. In simple words these are the contracts created by the actions of the parties. In this case Stella was injured so she must be taken to the hospital which resulted in a quasi contract between her and the hospital.
C. Imagery
The sentence is trying to give precise details to help you imagine what he/she is trying to explain.
Answer:
The correct option is that it reveals when customer intends to pay outstanding balances
Explanation:
Such analysis of separate accounts receivable information for each customer, no doubt,shows how much credit purchases individual customers have made in order to see at a glance the amount receivable from them individually.
Also,the amount paid thus far is also shown alongside the total credit purchase amount in order to arrive at customers' outstanding balances that the company to chase in order to ensure a liquid cash position overall.
However, the analysis does not include information on when customers intend to make payment but rather includes the dates payments are expected from customers i.e due dates