Answer:
The total cost to be accounted for under the weighted-average method would be $184,000
Explanation:
Given information ,
Beginning work in process inventory = $22,000
Ending work in process inventory = $27,000.
The cost of units transferred out from the department = $157,000
Under weighted average method, the beginning Work in process inventory is not considered. So, the total cost would be displayed below.
Total cost = The cost of units transferred out from the department + Ending work in process inventory
= $157,000 + $27,000
= $184,000
Thus, the total cost to be accounted for under the weighted-average method would be $184,000
Answer:
(a) Brittany loss due to taxes = Basis - fair market value
= $184,000 - $160,000
= $24,000
Therefore, Brittany will have a $24,000 loss that is not deductible.
(b) Tax consequences to Ridge if he later sells the stock for $190,000 are as follows:
- Realized gain = $30,000 and Recognized as a gain for tax payers = $6,000
- Realized and recognized loss = $8,000
- There is no recognized gain for Ridge and unrecognized loss of $10,000. It is permanent lost.
Answer:
D. The supply of a product increases as its price increases
Explanation:
Supply is the volume of a product or a service that sellers are willing to sell in the market at a stated price. The law of supply explains the relationship between price and the quantity suppliers are willing to sell.
The law asserts that as the price increases, suppliers will supply more quantities of a product. A price decrease will cause suppliers to supply a lower quantity. Suppliers are profits motivated. A price increase results in higher profits hence more supply.
The range can be affected by outliers, so the IQR (interquartile range) is used as a better scope of the range.
Answer:
4. Dumping
Explanation:
Dumping is a term used in "international trade" as the process where by a country exports a product to another country at a price that is lower in the foreign countries market and then sells for a price that is less than the manufactured price within domestic market. it endangers the market structure of the product's manufacturers or producers in the importing nation.
