Answer:
b. first-in, first-out.
Explanation:
Generally, there are three methods for estimating the inventory shown below:
1. First-in-first, the company is selling the old products in this way than the new ones, which means first selling the old products and then selling the new ones
2. Weighted average method: Weighted cost is measured by considering the total revenue and total purchase
3. Last-in-first-out: Contrary to the first-in-first-out process, the first sale of new goods, then selling of old goods.
4. Base stock: The process by which the orders of the consumer are fulfilled by holding the less inventory
In the FIFO method, the highest ended inventory results in the lower cost of goods sold at the highest net profits.
Computer, its a larger amount of money to pay so it would be best there
Answer: Interest expense=$108
Explanation:
Interest expense =Principal x Rate x Time ( Period)
Where
Principal = $16,200
Rate =, 8%
TIme ( Period ) = From December 1st to 31`st = 30 days
Interest expense= P x R x T
= $16,200 X 0.08 X 30/360
=$108
The amount of interest expense accrued at December 31 on the note is $108
Answer:
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