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Shkiper50 [21]
3 years ago
10

Hale Company purchased two identical inventory items. The item purchased first cost $22.00. The item purchased second cost $25.0

0. Hale sold one of the inventory items for $40.00. Based on this information: A. the amount of ending inventory is $22.00 if Hale uses the LIFO cost flow method. B. the amount of gross margin is $15.00 if Hale uses the weighted average cost flow method. C. the amount of cost of goods sold is $25.00 if Hale uses the FIFO cost flow method. D. the amount of gross margin is $15.00 if Hale uses the FIFO cost flow method
Business
1 answer:
Novay_Z [31]3 years ago
6 0

Answer:

The correct answer is A. the amount of ending inventory is $22.00 if Hale uses the LIFO cost flow method

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Lili spent $120 on a new sweater rather than using this money to buy her personal finance textbooks. The cost of doing without t
Serjik [45]

Answer:

opportunity cost

Explanation:

The opportunity cost is the cost that is incurred for purchasing any other thing in place of one thing or we can say it is a sacrification done to purchase another thing

Here in the question it is mentioned that the Lil spent $120 for purchasing a new sweater instead of buying her finance textbooks also the cost of buying the sweater is known as the non doing textbooks cost

So here it is a opportunity cost

5 0
3 years ago
At December 31, 20X3, before recognizing any depreciation expense for 20X3, X Company has a machine with an original cost of $36
shutvik [7]

Answer:

If X Company uses the units of production method for calculating depreciation, depreciation expense in 20X3 will be (rounded):

$45000

Explanation:

Cost                360000  

Accum. Depre 90000  

Usefull life         7  

   

Produce 1 20000  

Produce 2 10000  

Produce 3 50000  

                80000  

   

Deprec=cost/unit    

   

Depre=360000/80000    

Depre= 4,5  

   

Produce 2012  20000 4,5 90000

Produce 2013  10000 4,5 45000

Produce rest   50000 4,5 225000

             80000 4,5 360000

7 0
3 years ago
When a sales representative wishes to sell an exempt security to an out of state customer, which statement is TRUE?
GaryK [48]

Answer: A. Both the broker-dealer and the registered representative must be registered in the state where the sale of the exempt security is going to be made

Explanation:

When a sales representative wishes to sell an exempt security to an out of state customer, it should be noted that both the broker-dealer and the registered representative must be registered in the state where the sale of the exempt security is going to be made.

It should be noted that when though the exempt securities aren't typically registered under the Federal law and the State law, the broker-dealers along with the sales employees must be registered unde the state law where the security is being offered.

7 0
3 years ago
suppose ta hurricane hits alabama causing widespread damage to houses and businesses the governor of alabama places pirce cielin
Mamont248 [21]

Answer:

Shortages of building materials and a slower recovery from the storm

Explanation:

From the question we are informed about an instance, whereby a hurricane hits Alabama, causing widespread damage to houses and businesses. The governor of Alabama places price ceilings on all building materials to keep the prices reasonable. In this case,what most likely result is Shortages of building materials and a slower recovery from the storm.

From law of demand, which expressed that provided other factors remain equal, when price of a good goes higher, then there would be less demand of that good from

people and vice versa. higher price brings lower the quantity demanded, and lower price brings higher the quantity demanded, therefore in the case, above as the price of ceilings on all building materials so that price becomes reasonable people demand more and it leads to Shortages of building materials

6 0
3 years ago
In one or two sentences, describe which is greater: gross pay or net pay.
Dafna1 [17]
Gross pay<span> is almost always </span>greater<span> than </span>net pay<span>, as </span>net pay<span> is after taxes, benefits, etc. </span>Gross pay<span> is what the company tells you that they will </span>pay<span> you.</span>
8 0
3 years ago
Read 2 more answers
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