Answer:
Product category units cost NRV year-end inventory
Tools:
-
Hammers 120 <u>$5.50</u> $6.00 $660
- Saws 250 $10.50 <u>$9.50</u> $2,375
- Screwdrivers 350 <u>$2.50</u> $3.10 $875
Paint products:
-
1-gallon cans 550 $6.50 <u>$5.50</u> $3,025
- Paint brushes 120 <u>$4.50</u> $5.00 $540
1) carrying value of year-end inventory:
Tools:
-
Hammers $660
- Saws $2,375
- Screwdrivers $875
- sub-total $3,910
Paint products:
-
1-gallon cans $3,025
- Paint brushes $540
- sub-total $3,565
Total $7,475
2) adjustment to tools:
Dr Cost of goods sold 250
Cr Inventory: tools 250
adjustment to paint products:
Dr Cost of goods sold 550
Cr Inventory: paint products 550
or total adjustment to inventory account:
Dr Cost of goods sold 800
Cr Inventory 800
It is legal to kill someone under self defense if that person poses an immediate and lethal threat to you or someone else, but not if that person only threatens to kill you or someone. Although the law varies from state to state, you can sometimes kill someone just for being on or stealing your property. You cannot kill someone if they did pose a threat but are no longer posing a threat.
The receiver's understanding depends on how the message was interpreted by the receiver.
Answer: $7,000
Explanation:
As the question says, a total of $35,000 is paid for 12,000 square feet of space and that the rent is apportioned on the basis of space.
Department One occupies 2,400 square feet of that space.
Calculating the proportion it occupies is,
= 2,400/12,000
= 20%
Since it occupied 20% of the total space then it should be charged 20% of the rent bill.
= 20% * 35,000
= $7,000
Department One should be charged rent expense for the period of $7,000.
Answer:
Product modification
Explanation:
Product modification means changing something about the product itself- in this case the type of container it comes it. Line extension would mean creating <em>new </em>products, not changing existing ones.
