Answer:
$740
Explanation:
The computation of phantom profit is shown below:-
According to FIFO,
Closing Stock = (390 × $12) + ( 40 × $11)
= $4,680 + $440
= $5120
According to LIFO
Closing Stock = (350 × $10) + (80 × $11)
= $3,500 + $880
= $4,380
Amount of Phantom Profit
= $5120 - $4,380
= $740
Therefore for computing the phantom profit we simply deduct LIFO from FIFO.
Answer: an accounting
Explanation: Accounting is the method of documenting business-related financial transactions. The accounting procedure involves the review, analysis, and disclosure of these activities to supervisory authorities, legislators, and taxation bodies.
Accounting helps all the stakeholders as the financial statement prepared depicts all the current and past information about the company. Hence from the above we can conclude that the correct option is B.
Answer:
Substitute product
Explanation:
Since Alison uses an eco-friendly Seventh Generation brand diapers which was currently unavailable in the local grocery store, she substituted with the regular Pampers diaper brand.
She substitutes her priority brand over what she could supplement it with in the time of need.
Substitute goods are those which can be replaced with a comparable product similar to the one in current use.
A 5% percent decrease in Price would result in a 5% percent increas in demand i think..
<span>disclose to the seller the maximum the buyer will pay for the property</span>
