Answer:
FIFO - $22,880
LIFO - $21,120
Explanation:
The FIFO inventory system means first in, first out. It means the initial inventory is the first to be sold. The ending inventory would consist of the last purchased inventory.
Ending inventory = 52 ×$440 = $22,880.
The LIFO inventory system means last in, first out. It means the last purchased inventory are the first to be sold . The ending inventory would consist of the initial inventories.
Ending inventory = (36 units × $400) + [(52-36) × 420] =$14,400 + $6,720 = $21,120
I hope my answer helps you
Answer:
BRO YOU STILL ON THIS TONY THING xDDDD
Explanation:
Answer:
a. $293,000
b. $203,000
Explanation:
a. What is Robert's qualified business income?
Robert's qualified business income is the net income minus Robert's salary. Since the salary of $87,900 has already been deducted, $293,000 is Robert's qualified business income.
b. What is Robert's qualified business income if you determined that reasonable compensation for someone with Robert's experience and responsibilities is $177,900?
Extra deductible salary = $177,900 - $87,900 = $90,000
New Robert's qualified business income = $293,000 - $90,000 = $203,000
Answer: Check explanation
Explanation:
a. Since Amy bought the equipment for $3700 and sold the equipment for $690, the amount that Amy can deduct for the loss of the equipment will be:
= $3700 - $690
= $3010
b. Here, the amount that Army can deduct for the loss of equipment will be the lesser of the amount Amy bought the equipment which is $3700 or the cost of the repair which is $1370.
Therefore, $1370 will be deducted.
c. After the accident, Army could not replace the equipment so she had the equipment repaired for $4,300. What amount can Army deduct for the loss of the equipment?
Here, the amount that Army can deduct for the loss of equipment will be the lesser of the amount Amy bought the equipment which is $3700 or the cost of the repair which is $4300.
Therefore, $4300 will be deducted.
Answer:
5. Word is that a new highway is being built in the next couple of years. making it easier to transport our products from the factory.
Explanation:
