Answer:
The answer is $47,000
Explanation:
Accounting profit profit doesn't consider opportunity cost. So the value for opportunity cost will be left out. It is Economic profit that considers opportunity cost.
Accounting profit = revenue - cost(explicit cost which is all cost involved in directly running the business e.g cost of sales, electricity cost, wage etc.)
Revenue = $64,000
Explicit cost = $17,000
Therefore, Accounting profit is
$64,000 - $17,000
=$47,000
Hehs donee estable menudo
Answer: $4,950
Explanation:
If the company is using the First In First Out method for Inventory valuation then the earlier inventory is sold off first which would mean that the inventory at year end will be the more recent inventory.
The 25 units at the end of the year will be the most recent units purchased and so will be;
20 units from the third purchase
5 units from the 2nd purchase
Inventory value = (20 * 195) + ( 5 * 210)
= $4,950
<em>The options are not for this question. </em>
The net impact on its net income in 2020 resulting from a fluctuation in the value of the won is : $250 decrease in net income.
First step is to calculate the Discount on forward contract
Discount on forward contract=[($0.0035 − $0.0034) × 10 million
Discount on forward contract=$0.0001 × 10 million
Discount on forward contract= $1,000
Second step is to amortized the Discount on forward contract
Amortization of discount on forward contract=$1,000 / 4 months
Amortization of discount on forward contract=$250 per month
Based on the above calculation foreign exchange loss of the amount of $250 will be recognized on December 31, 2020.
Therefore the net impact on its net income in 2020 resulting from a fluctuation in the value of the won is a decrease of $250.
Learn more here:<em> brainly.com/question/19353936</em>
