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3 years ago

How can poor education facilities be improved

1 answer:

6 0

Well, Japan experience the same problem after they lose the world war II. But they managed to revive because they allocate a lot of Government's Budget for educating their future generation. They hire a lot of highly qualified teachers to teach the kids and built a lot of schools with a really good experiment facilities.

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Universal Travel Inc borrowed $500,000 on November 1, 2018 and signed a twelve month note bearing interest at 6% Principal and i

horrorfan [7]

Answer:

Interest will be $5000

So option (A) will be correct option

Explanation:

We have given principal amount P = $500000

Rate of interest = 6 %

Time is November 1 to December 31

So time = 2 months = 0.1666 year

Interest is given by

Interest $=\frac{principal\ amount\times rate\times time}{100}=\frac{500000\times 6\times 0.1666}{100}=$5000$

So option (a) will be correct option

4 0

3 years ago

Intercontinental Inc., uses a periodic inventory system. At the end of Year 2, the account records provided the following inform

densk [106]

Answer:

Intercontinental Inc.

The amount of ending inventory is = $16,380

The cost of goods sold is = $37,810

Explanation:

a) Data and Calculations:

Units Unit Cost Total Cost

Inventory, December 31, Year 1 1,830 $ 6 $10,980

For Year 2: Purchase, March 21, Year 2 6,200 $ 5 31,000

Purchase, August 1, Year 2 4,070 $ 3 12,210

Total cost of inventory 12,100 $54,190

Inventory, December 31, Year 2 2,910 16,380

Cost of units sold 9,190 $37,810

Cost of ending inventory, 2,910

= 1,830 at $6 = $10,980

1,080 at $5 = 5,400

2,910 = $16,380

Cost of goods sold = Cost of inventory available minus the cost of ending inventory

= $54,190 - $16,380

= $37,810

6 0

2 years ago

The income tax saved by using lifo instead of fifo is equal to the ________ times the income tax rate.

marshall27 [118]

C. cost of the ending inventory

3 0

3 years ago

A software company in China has decided to become a multinational enterprise (MNE). The company desires to completely own its su

ipn [44]

Answer:

Acquisition

Explanation:

Acquisition mode of entry is a type of foreign market entry mode that offers fast, large and international expansion into a new market. This is done by a firm gaining control of another firm through the purchase of stocks or exchange of stocks. This type of strategy is usually used by multinational companies to acquire greater market power. A disadvantage of this type of entry is the high cost and integration is difficult due to different organization cultures and relationships..

3 0

3 years ago

A fire destroyed a warehouse of the Goren Group, Inc., on May 4, 2021. Accounting records on that date indicated the following:

andrew-mc [135]

Cost of inventory destroyed in fire is $1,140,000

<u>Explanation:</u>

The loss from fire to inventory can be calculated by finding the cost of the inventory on the may 4 , 2021.

Cost of sales = Sales – profit on sales

= 9000000-1800000

=$7200000

The value of inventory on the may 4 = opening inventory on January 1 + purchases + freight in – cost of sales

=1980000+5880000+480000-7200000

=$1,140,000

Cost of sales is referred to the amount that is incurred in producing the goods. Cost of sales is included in the sale price of the product to earn a profit beyond the cost. So sales includes cost and profit which can be used to find the cost of sales.

4 0

3 years ago