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3 years ago

1. True or False: Savings accounts are a reliable way to store money for the future.

1 answer:

4 0

This question is a little but more difficult to solve, as it depends on the situation. For certain banks it is not worth it due to rates that must be payed, but in your case here I believe that it would be TRUE.

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The Reuschel Company began 2018 with inventory of 21,000 units at a cost of $8 per unit. During 2018, 61,000 units were purchase

PtichkaEL [24]

Answer:

1. The Cost of Goods Sold for the period ended 2018 is 682,950.

2. If FIFO method has been used, the Cost of Goods Sold would have been 660,525. Hence, LIFO method has reduced Gross Profit by 22,425 (682,950 - 660,525).

Explanation:

LIFO is one of the methods to calculate cost of goods sold. It assumes that the recently purchased stock is sold first. When a company uses LIFO method, it gets a higher cost of goods sold figure because of Inflation factor.

In the example shared, the company has opening stock of 21,000 units which were purchased at a unit price of $8. During the Year, further units were purchased but this time at a unit cost of $9.95. It is given that the Sales were of 70,500 units. Since the company uses LIFO method, it must remove the recently purchased stock from its books first. So,

61,000 * 9.95 = $606,950.

But the company sold 70,500 units. It means that 61,000 of recently purchased goods were sold and the remaining (70,500 - 61,000) from opening stock.

9,500 * 8 = $76,000. This gives us total CGS of $682,950 (606,950 + 76,000).

If you have any further queries, feel free to ask me. Thanks!

5 0

3 years ago

The myplate food guidance system recommends eating __ of the needed grain ounce equivalents, as whole grains.

Mila [183]

The MyPlate Food Guidance System recommends eating 1/2 of the needed grain ounce equivalents, as whole grains.

8 0

3 years ago

An Amazon seller is deciding which of their products to invest in for the next quarter to maximize their profits. They have each

Aleksandr [31]

This question is about the sales strategy for online selling portal Amazon.

An Amazon seller is identifying strategy to revive its declining sales. The seller wants to maximize its revenue by adopting optimum product mix for next quarter.

The maximum profit can be calculated using the following :

maxProfit (k , profit): n = len(profit) rotate = n // 2

windowSum = float('-inf') iterator = 0

Conclusion: The products which are showing positive trend in the market should be placed visible for the next quarter. The products products profit is estimated to be equal to cost to invest which the price of product plus its launching expense.

Formula: The maximum profit a seller can achieve through this strategy is (k , profit):

n = len(profit) rotate.

Learn more Business at brainly.com/question/26144002

8 0

3 years ago

45 on low of 6 a b c or d

MA_775_DIABLO [31]

Answer:

Explanation:

7 0

3 years ago

Read 2 more answers

At the beginning of Year 1, a company reported a balance in common stock of $169,000 and a balance in retained earnings of $69,0

elixir [45]

Answer:

Explanation:

The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.

And, the balance sheet comprises of the assets and liabilities. With the help of the accounting equation, the total assets are equal to the total liabilities including stockholder's equity.

The preparation of the statement of stockholders’ equity and the balance sheet is presented in the spreadsheet. Kindly find the attachment below:

7 0

3 years ago