it's half a year out of 5, so 1/10 of the useful lifetime of the van
$61,000 - $4,900 is $56.1000
one tenth of that will be what we are looking for, so option b. should be just right to fit here
To increase profits while taking low to no risk as to their current funds<span />
Answer: The correct answer is "B. Are necessary to adjust the Inventory account to the actual inventory available."
Explanation: Physical counts of inventory are necessary to adjust the Inventory account to the actual inventory available.
Physical inventory counts are generally performed at the end of an accounting period to adjust the accounting balance to the actual physical amount of inventory as it may differ due to missing, lost, stolen, decreased, etc.
Answer:
D. $952
Explanation:
The computation of the net income in the case when the LIFO is elected
Particulars AMount
Net sales $7,232 ($8,000 - $640 - $128)
less : cost of goods sold ($6,200 - $820) $5,380
Gross Profit $1,852
Less: Operating Expenses $900
Income before taxes $952
less: Income tax $0
Net income $952
Hence, the net income is $952
Your economics training provides you with a terrific set of job skills, and in fact the economics major provides you with virtually all of the top ten most important job skills.
Economics are not restricted to one specific job category. Thus you have a wide variety of employment choices available to you. Because you have both quantitative as well as qualitative skills, however, it is natural to exploit your comparative advantage and find a position that utilizes both sides of your training.
The job market recognizes the special job skills that a major in economics provides. 80% of graduates in economics receive starting salaries in the range of $24,800-42,000 (
