<em>Answer</em>:
<u>$52,000</u>
Explanation:
Remember, the FIFO inventory costing method records the inventory value based on the cost of the earliest (first) purchased or in hand balance.
The effective tax rate would usually be applied after the sales, however using FIFO we assume the first value of the inventory prior to the tax deduction.
= 4000 x $13
= $52,000
Therefore, the gross profit for the period is $52,000.
Answer: 75,000 units
Explanation:
Come up with an expression to solve this.
Assume the budgeted production needed is P.
P needs 2 pounds of raw materials per unit so raw materials needed are 2P.
Beginning raw materials for February have to be 30% of the needs of February;
= 30% * 2P
= 0.6P
Ending raw materials for February have to be 30% of March needs so;
= 30% * 100,000 * 2 pounds
= 60,000 pounds
So;
Budgeted raw materials purchase for February = Raw materials needed + Ending raw materials - Beginning raw materials
165,000 = 2P + 60,000 - 0.6P
1.4P = 165,000 - 60,000
P = (165,000 - 60,000) / 1.4
= 75,000 units
Answer:
There are many effects. They equate for a large portion in the fast food industry
Explanation:
Answer:
A High School Diploma is a stepping-stone toward future education.
Explanation:
A High School Diploma will definitely be a perfect move and a stepping-stone towards future education, which undoubtedly, will pave the way for the further and higher education of the people. They can proceed ahead easier if they have achieved this first milestone. This will prove as the first step towards their educational journey, which surely need to be taken, at least, anyway.
Answer:
A business continuity document
Explanation:
A business continuity plan document helps protect a business from the impact of potential crises that may affect their operations.
It is very important for small businesses to have this written document.
Carla's business continuity plan document should detail:
1. the key business functions needed to get operating as quickly as possible and the resources needed to do so if there's an attack.
2. identify potential crises that might affect the business and also determine how to minimise the risks of these disasters occurring.
Since training has been given to staffs before about their responsibilities in an emergency situation, they should apply what they've learnt.
For example, if there's a possibility for an attack that may affect power supply, Carla should put a back-up generator in place, in the event of a failure.
