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ehidna [41]
3 years ago
14

In 2018, the Barton and Barton Company changed its method of valuing inventory from the FIFO method to the average cost method.

At December 31, 2017, B & B’s inventories were $33.2 million (FIFO). B & B’s records indicated that the inventories would have totaled $24.4 million at December 31, 2017, if determined on an average cost basis. Ignoring income taxes, what journal entry will B & B use to record the adjustment in 2018?

Business
1 answer:
Colt1911 [192]3 years ago
6 0

Answer

The answer and procedures of the exercise is attached in a image.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

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Which non-income factor for a potential job would influence a person who needs to be
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Answer:

The non-income factor for a potential job which would influence a person who needs to be  available to drive children to and from school and activities is:

O Independence.

Explanation:

Independence, obtained through as a self-employed person or as an independent contractor, enables the worker to be available to drive her children to and from school and their various school-related activities.  The working hours of a self-employed person or an independent contractor are largely self-determined.  She can also choose appropriate location for her business office.

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In a production application involving a fixed setup cost and a variable cost, the use of __________ makes including the setup co
IRISSAK [1]

Answer:

The correct answer is binary variables.

Explanation:

A binary variable is one that can only have two possible values. They generally fulfill two essential characteristics:

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Hewlett-packard is currently exploring new products and markets through the development of digital imaging products in its plant
postnew [5]
The answer is; hewlett-packard can establish creative work environments across all of its plants around the world.
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6 0
3 years ago
Categories the following into Market economy and Non-market economy.
Umnica [9.8K]

Answer:

Market economy:

2. The invisible hand guides resources to their highest valued uses

4. Prices are sey by supply and demand

6. Buyers and sellers are motivated by self-interest

Non-market economy:

1. Prices are set by government agencies

3. Buyers and sellers are motivated by government directives

5. Buyers and sellers are motivated by a sense of communal well-being

Explanation:

On the one hand, the concept of <em>market economy</em> refers to a type of economy system that basically indicates that the market will find the equilibrium and work properly without the help of the government and therefore it establishes that the economy does not need from the figure of the government and that this last one must worry only about the other issues that do not include the economy.

On the other hand, a <em>non-market economy</em> like its name indicates, it refers to the type of system that do consider that the presence of the government is very important for the correct system of the economy and all of its factors regarding the market. Therefore that this type of system approves the planning of the economy from the government without discussions.

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3 years ago
In an FRA, the buyer agrees to pay the seller
guapka [62]
C.

A Forward Rate Agreement (FRA) is an OTC rate derivative in which the buyer will pay or receive at maturity the difference between a fixed rate and a reference interest rate applied onto either a borrowing or lending (the notional is never exchanged), for a specific period of time.
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