Answer:
the deductible loss on the car is $12,000
Explanation:
The computation of the Jim deductible loss on the car is shown below:
Given that
Car value = $40,000
Insurance recovery = 70%
Now the deductible loss is
= Car value - (car value × insurance recovery)
= $40,000 - ($40,000 × 70%)
= $40,000 - $28,000
= $12,000
hence, the deductible loss on the car is $12,000
°first-come/first-served (i.e., vaccines)
°sharing equally (i.e., food distribution)
°weight (i.e. based on percentage of population)
°merit (i.e., contests)
°random (i.e., contests)
Answer:
d )the services provided by ticketing kiosks in multiplexes
Explanation:
Services in which machinery or equipment plays a significant role in delivering; for example, automatic telling machines play a significant role in the delivery of banking services.
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.
Answer:
FIFO
FIFO means First in First Out. This method values cost of sales at the earliest prices
Cost of Goods Sold = (3,880 units × $8) + (5,430 units × $10)
= $85,340
LIFO
LIFO means Last in Fist Out. This method values cost of sales at the latest prices.
Cost of Goods Sold = (8,660 units × $10) + (650 units × $8)
= $91,800
Weighted Average Cost
The unit cost is re-calculated with every new purchase of units made. The cost of sale will be valued on the newly calculated average unit cost.
Unit Cost = Total Cost ÷ Total Units
= (3,880 units × $8) + (8,660 units × $10) / 12,540 units
= $9.381
Cost of Goods Sold = Units Sold × Unit Cost
= 9,310 units × $9.381
= $ 87,337.11
