Answer:
$528,440
Explanation:
For computing the amount of inventory under LIFO method, first we have to determine the December 31 value based on the cost index which is shown below:
= Inventory value on January 1, 2021 × cost index
= $514,000 × $1.04
= $534,560
The difference would be
= $549,000 - $534,560
= $14,440
This amount reflect the increase in value
So, the inventory would be reported at
= Inventory value on January 1, 2021 + increase value
= $514,000 + $14,440
= $528,440
The answer is “sediments”. Stream outflow is an important
numerous coastline lands, because streams are the ones that provide sediments
around the coastal location. Sediments are materials that may be made up of
rocks and minerals, and may also contain animal and plant remains. It size may
vary from a tiny grain of sand, into a large boulder sized rock. Sediments may
be transferred into another place by water flows and erosions.
C. Peak Oil is the answer to your question
Answer:
$10,140,000
Explanation:
To make consolidated statements company needs to consolidate the financial data of its own and its subsidiary.
Revenue can be consolidated of parent and subsidiary as follow:
First
Add revenue of both companies
Total Sales = Patti Company sales + Shannon Inc. sales
Total Sales = $10,000,000 + $200,000 = $10,200,000
Now deduct the sale made to each other because sales mad within the group is not recorded for consolidation purposes and it is not a sale for a group it is an internal group transfer.
Consolidated Sales = Total sales - Internal Sales
Consolidated Sales = $10,200,000 - $60,000 = $10,140,000
Answer:
The simple rate of return is 37.5%
Explanation:
Simple rate of return is the percentage of return on investment that takes the net annual return cash flow of an investment and compare with initial capital of the investment. It is calculated with this formula:
<u>Total annual return - Depreciation expense</u>
Initial capital outlay
For farmer Joe, the simple rate of return is:
<u>$20,000 + $25,000 + $30,0000 -$0</u> x 100
$200,000
= <u>$75,000</u> x 100
$200,000
= 37.5%
Depreciation expense is assumed to be zero.
