Answer:
The estimated inventory at the end of February is $73400 as shown below
Explanation:
Beginning Inventory $57,800
Plus: Net purchases $120000
Freight-in $2,700
Cost of Goods Available for Sale $180500
less: Cost of Goods Sold
Net Sales$180000
Less Estimated Gross Profit $81000
Estimated Cost of Goods Sold $99000
Estimated Inventory before Theft 81500
Less: Stolen Inventory 8,100
Estimated Ending Inventory 73400
Gross profit $180000*45%=$81000
Answer:
a)400
b)300
c)50
d)4
Explanation:
the picture attached below shows the full solution
Answer:
A. Increasing the LIFO
Explanation:
The answer is A because since the prices have continued to increase the LIFO method means last in first out which would mean that the higher costing inventory bought recently would be used first compared to the ones bought before which were cheaper.
Therefore, the LIFO inventory would have an increasingly lower value which would lead to an increase in the reserve.
Answer:
0.69
Explanation:
From the question above on December 31, 2018 a company has an assets of $29 billion and stockholders equity of $22 billion.
On December 31, 2019 the same company recorded an assets of $55billion and stockholders equity of $17billion
Inorder to calculate the debt-to-assess ratio the first step is to find the amount of liabilities
Liabilities= Assets-Stockholders equity
Assets= $55 billion
Stockholders equity= $17 billion
= $55billion-$17billion
= $38 billion
Therefore, the debt-to-assets ratio can be calculated as follows
Debt-to-assets ratio= Total liabilities/Total Assets
= $38 billion/ $55 billion
= 0.69
Hence on December 31, 3019 the debt-to-assets ratio is 0.69
They affect the free market by having people 'fight' over resources, money of consumers and investments. The invisible hand is pushing firms to create the goods and sell them for as cheap as possible.