1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
natali 33 [55]
3 years ago
11

Doris recently started her position at Monro Company. The company uses the dollar-value LIFO inventory method. On her first day

at work, Doris was asked to calculate the cost index for a new inventory layer. The company's records reveal that the cost in terms of the base year was $50,000 and the cost in terms of the layer year was $100,000. What is the cost index for the new layer
Business
1 answer:
Furkat [3]3 years ago
7 0

Answer

2

Explanation:

Cost index in dollar - value LIFO method is used to determine the change in prices since the beginning of he base year by comparing the year end inventory to the base layer cost.

The extended cost of the ending inventory at the most recent  price is divided by the cost of the ending inventory at the base year price.

Workings

Cost in term of base layer = $50,000

Cost in term of the layer layer $100,000

Cost index = 100000/50000 = 2

You might be interested in
Ortions of the financial statements for Myriad Products are provided below.
bonufazy [111]

Answer:

Net cash provided from Operating Activities $301

Explanation:

MYRIAD PRODUCTS COMPANY

Cash flow from Operating Activities:

Net Income $150

Adjustment for non cash effects:

Depreciation $84

Amortization $5

Loss on sale of land $4

Total $243

Changes in operating assets and liabilities :

Decrease in Accounts receivable $17

Decrease in Inventory $18

Increase in Accounts Payable $14

Decrease in Salaries Payable ($14)

Increase in Interest Payable $13

Increase in Income tax Payable $10

Net cash provided from Operating Activities $301

5 0
3 years ago
Edward is a member of the Knights of Columbus, a religious group dedicated to voluntary service to the benefit of society. He al
Ksenya-84 [330]

Answer:

fraternal benefit society

Explanation:

The fraternal benefit society is an organization in which the people generally  share the ethics, religious views, etc. Also this society provides the insurance to their members

Since in the question it is mentioned that the Edward who is a member of Knight of Columbus i.e. a religious group dedicated a voluntary service in order to give the benefit to society

So the knights of columbus is a fraternal benefit society

4 0
3 years ago
Petra's Programming competes on cost with WonderWeb in the web design industry. Both firms operate on a 90 percent learning curv
vladimir1956 [14]

Answer:

The correct answer is (D)

Explanation:

Petra programming and wonder web both are operating on a 90 present curve level and that is the maximum they can achieve with the given resources. To compete and take cost leadership positions they must improve the resources. Likewise, the best way is to improve existing technology. New technology will help them achieve cost leadership position and move further on the learning curve.

7 0
3 years ago
What is shared decision-making? For personal finance urgent!!
iren2701 [21]

Shared decision-making, as implied by the name, is when two or more parties negotiate and decide on any financial decisions. The most common example of this is married couples who have to decide how to handle their shared income and resources.

7 0
3 years ago
Read 2 more answers
An American worker is hired by a German consulting firm operating in New York. They pay him $50,000 in wages. The new worker's c
Pachacha [2.7K]

Answer:

a. National income increases by $50,000 and factor payments to abroad increase by $20,000, so US GDP increases by $70,000

Explanation:

The German firm hired an American worker and paid him $50,000. That means that American national income will increase by $50,000.

Since the company is German, that would increase factor payments ot abroad by the difference = $70,000 - $50,000 = $20,000.

Total GDP increases by the amount of $50,000  + $20,000 = $70,000

5 0
3 years ago
Other questions:
  • Air bags are designed to __________. A. cushion impact in a collision B. work without passengers having to buckle up C. deploy a
    6·2 answers
  • Q 8.14: The financial statements of the Imagine Company report net sales of $1,000,000 and accounts receivable of $700,000 and $
    8·1 answer
  • The Highway Transportation System ___________.
    13·2 answers
  • A popular financial strategy in which a company is acquired in a transaction financed largely by debt and eventually paid with m
    11·1 answer
  • A stock can split and add additional shares as specified per existing share OR a stock can reverse split and decrease the number
    5·2 answers
  • The bullet points beneath a one-line mission statement often serve as
    14·2 answers
  • California has an average rainfall of 3 inches for the month of January. This year California had over 12 inches, which is equiv
    11·1 answer
  • What type of discount would Lennox offer its air conditioner dealers if they placed their orders and received delivery before Ap
    8·2 answers
  • The journal entry for an installment note payment includes all except:__________.
    7·1 answer
  • What types of performance measures you will use to measure the performance of your informatics solution project
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!