Answer:
Inventory, End (A): $1,800. Inventory, End (B): $2,500.
Explanation:
Accountants conservatively recognize ending inventory at lower of cost or market value in the balance sheet. Upon purchase of inventory, this is recorded at cost. However, if it loses its value, FASB Accounting Standards Update requires recognition of the inventory at its net realizable value. Thus, Iris Company should recognize its ending inventory of Item A at $1,800 (100 units x $18) and Item B at $2,800 (50 units x $50).
Answer:
D Yes
Explanation:
An uncommon aspect of 529 Plans is that both donor and receiver can be the same person. There is no age restriction on who may be the beneficiaries of the account. This person may themselves open a 529 plan and be both the donor and the beneficiary.
Therefore from the above explanation the correct answer is D
Answer:
Robin and Linda have a different type of leadership skill
Explanation:
Robin has met the qualification for the path-goal of the company. She has the type of leadership that may work when employee morale is high.
Linda has met the qualification of transformational leadership. She treats the employee as complete human beings, consider emotions and perspective. She builds motivation by providing a clear vision. She also has a leadership skill ability to solve complex problems.
Both of them may help Maria to lead the company. Robin will help her utilize the task-oriented approach. Linda will help demonstrate a relationship-oriented style to the employee. These two orientations could be structured to support one another.
Answer: ANALYTICALS/ ANALYTICAL THINKERS
Explanation:
Analytical thinkers are known to use knowledge and facts to get to a decision. They prefer to know all they can about a subject before they comment on it and as such rarely jump to conclusions. They are usually introverted as well and prefer not to deal with others.
This is why it stands to reason that the prospect is an Analytical.
Answer:
Callie's Gross Profit is $562000
Explanation:
Gross profit is the profit earned by a business after deducting the costs associated with producing or selling its goods (for manufacturing and trading businesses) or the costs associated with providing the services (for service businesses) from the net revenue.
It is the profit from the trading section of the business before deducting the operating and financing expenses of the business and before adding any other income.
The gross profit is simply calculated as follows,
Gross Profit = Net Revenue - Cost of Goods Sold
Callie's gross profit = 940000 - 378000
Callie's Gross Profit = 562000
