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Levart [38]
2 years ago
6

Under LIFO, net income exists if revenues are sufficient to cover the __________ cost of the units of inventory sold, provided n

ew units are acquired before the end of the accounting period.
Business
1 answer:
dolphi86 [110]2 years ago
5 0

Answer:

<u>total</u>

Explanation:

Remember, a LIFO method of accounting for inventory differs in that it  records the most recently produced items as sold first; meaning Last in, First Out. Thus leading to recording  the lowest cost of older products in the inventory.

A case of lower Net income (income after deductions of cost) thus exists if revenues are sufficient to cover the total cost of the units of inventory sold which reduces taxes.

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Return on Common Stockholders' Equity
attashe74 [19]

Answer:

Explanation:

Return on common stockholders' equity for 2015:

(Net income - preferred stock)/Equity

(63,000-5,400)/2,400,000 = 57,600/2,400,000 = 2.4%

Return on common stockholders' equity for 2015:

(99,000-5,400)/3,000,000 = 93,600/3,000,000 = 3.12%

From these calculations, it is clear that return has improved.

8 0
3 years ago
if, after one year, the yield to maturity on a multiyear coupon bond that was issued at par is lower than the coupon rate, what
maw [93]

When the YTM is lower than the bond's coupon rate, the bond's market value exceeds its par value (premium bond). Bonds are selling at a discount if their coupon rate is smaller than their YTM. A bond is trading at par if its coupon rate is equal to its yield to maturity (YTM).

<h3>What is the cost of a $1,000 par value, three year, zero-coupon bond?</h3>

(a) A three-year zero-coupon bond with a face value of $1,000 would have a present value (or price) of 874.69 with a yield of 4.564 percent.

<h3>What is the yield to maturity on a discount bond with a $1000 face value that will mature in a year and sell for $800?</h3>

The yield to maturity is determined using the following formula with the current price of $800: 800 = 1000 / (yield to maturity plus one) Yield to maturity Equals 1 plus yield.  Yield until maturity equals 25%

To Know more about coupon rate

brainly.com/question/16913107

#SPJ4

5 0
1 year ago
Southern Rim Parts estimates its manufacturing overhead to be $495,000 and its direct labor costs to be $900,000 for year 1. The
Zarrin [17]

Answer:

Job 301    $   11,000

Job 302   $  16,500

Job 303   $ 22,000

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

To calculate the overhead rate <u>we divide the estimated overhead cost by the estimated cost driver:</u>

\frac{495,000}{900,000}= Overhead \:Rate

0.55 overhead rate

Job 301 $20,000 labor cost x 0.55 overhead rate

11,000

Job 302 $30,000 labor cost x 0.55 overhead rate

16,500

Job 303 $40,000 labor cost x 0.55 overhead rate

22,000

8 0
3 years ago
For a piece of legislation to proceed to the Senate, it needs a certain number of votes. Whose job is it to organize votes by me
Zigmanuir [339]

Answer:

The Whip

Explanation:

According to my research on the process that every legislation goes through in order to proceed to the senate, I can say that based on the information provided within the question it is the job of The Whip to organize the votes. Formally known as the "assistant party leader", The Whip's primary job is to keep track and sum up the number of votes for and against a piece of legislation.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
2 years ago
A Rhode Island state statute imposes fines on tire repair businesses whose pneumatic equipment does not include automatic shut-o
Anton [14]

Answer:

The correct answer is letter "D": negligence per se.

Explanation:

Negligence per se is a U.S. doctrine that is applied when there has been a clear statute breach. It is applied mainly in cases where the defendant has caused harm to the plaintiff by violating a statue that should have been of knowledge to the defendant.

6 0
2 years ago
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