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3 years ago

Please help I will give branniest and I upped the points

Business

1 answer:

9966 [12]3 years ago

3 0

Answer:

which country r u from?cuz I would have to research the banks according to your country.

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A firm that sells a single product had a beginning inventory of 4,000 units with a total cost of $28,000. Early in the year, 10,

natulia [17]

Answer:

Ending inventory= $27,000

Explanation:

Giving the following information:

A firm that sells a single product had a beginning inventory of 4,000 units with a total cost of $28,000. Early in the year, 10,000 units were purchased at $9 each.

First, we need to calculate the unitary value of the beginning inventory:

Beginning inventory= 28,000/4,000= $7 per unit

FIFO (first-in, first-out)

The last units that are left have a value of $9 each.

Ending inventory= 3,000*9= $27,000

7 0

3 years ago

which of the following statements is true of the economy in the long run? In the long run, real GDP eventually moves to potentia

garri49 [273]

Answer:

All of these is true.

Explanation:

In the long run, the real GDP moves to potential level. It is because in the long run when the price level increases, the price of factor inputs increases as well.

The economy can produce reach natural rate of employment and potential output at any price level. Increase in price does not cause the output to increase in the long run.

Improvement in the state of technology or increase in available resources causes the output level to increase.

Cyclical unemployment will not exist in the long run, only natural unemployment will exist. All the available resources will be fully employed in the long run.

5 0

4 years ago

The following information applies to the questions displayed below] A local Chevrolet dealership carries the following types of

myrzilka [38]

Answer:

Chevrolet Dealership

A) The total cost of the entire inventory is:

= $575,000

B) Each inventory would be reported at the LCNRV:

Inventory Items Quantity Reporting Cost/Value

Vans 4 NRV

Trucks 7 NRV

2-door sedans 3 Cost

4-door sedans 5 Cost

Sports cars 1 Cost

SUVs 6 NRV

C) Journal Entry:

Debit Cost of goods sold $27,000

Credit Inventory $27,000

To write-down costs to net realizable values.

D) TRUE.

Explanation:

a) Data and Calculations:

Inventory Items Quantity Cost per unit NRV per Unit LCNRV

Vans 4 27000 $108,000 25000 $100,000

Trucks 7 18000 126,000 17000 119,000

2-door sedans 3 13000 39,000 15000 39,000

4-door sedans 5 17000 85,000 20000 85,000

Sports cars 1 37000 37,000 40000 37,000

SUVs 6 30000 180,000 28000 168,000

Total Cost $575,000 $548,000

3 0

3 years ago

As of January 2011, nonmortgage consumer debt had increased for the fourth straight month. At the same time, credit card debt fe

Sedbober [7]

One thing that may be a component is that it isn't as simple to get new Mastercards as it once might have been. Charge card organizations are likewise not naturally expanding limits. Truth be told, in the course of recent years, many cards have drasticallly cut existing client limits.

4 0

3 years ago

Gary is a self-employed accountant who pays $2,000 for business meals. How much of a deduction can he claim for the meals and wh

bonufazy [111]

Answer:

He can Claim a 50% deduction on the Schedule C Business Expense Deductions

Explanation:

Business Meals fall under the category of the small businesses tax deductions made available under Schedule C by the Internal Revenue Service that can small businesses can take advantage of.

The business owner or employee must be present at the meal.
The meal must not be extravagant under any circumstances.
The meal must be an ordinary and necessary part of carrying on businesses.

Gary as a self-employed accountant is a small service provider who can take advantage of this deduction.

5 0

4 years ago