Answer:
D
Explanation:
just did it and got it right
Answer:
$75,000
Explanation:
Revenue is said to be earned on the deliver of the goods and services to the party that enjoys the benefits from the good or service.
As long as control of the goods has been transferred, the revenue is earned. Note that this is not when cash has been collected.
As such, if the company earned $75,000 in 2018 but some amounts are to be collected in subsequent years, the revenue earned in 2018 is still $75,000 while the amounts yet to be collected will be recognized in accounts receivable.
Answer:The minimum number of bonds it must sell to raise the money it needs will be 73,242 bonds
Explanation:
Number of bonds = Amount need to expand business / Bond price
But
Bond price = $1,000 / [1 + (0.0575 / 2)^(15 × 2)
Bond price = $1,000 / 1.02875 ^ 30
Bond price = $1,000 /2.340
Bond price = $427.350
Therefore the Number of bonds = $31, 300,000 / $427.350
Number of bonds= 73,242 bonds
The minimum number of bonds it must sell to raise the money it needs will be 73,242 bonds
Answer: A - peak
Explanation:
Just took the test the other answer is wrong!!!
Answer:
LIFO
Explanation:
It will be the one that give higher Cost of goods sold. We also know that:
Cost of goods sold = Opening Inventory + Inventory Purchases - Closing Inventory
So this means the lower the closing inventory the higher the cost of goods sold and in time of price increases it will be more appropriate to use LIFO method which will reduce the Closing Inventory and this will increase the cost of goods sold and thus decrease in profit. This reduced profit means that the tax expense will also be lower in value.
Similarly the second attractive option will be the Weighted Average and the least attractive option would be FIFO costing method.
