Answer:
cost of goods sold is $197,800
ending inventory is $55,000
Explanation:
LIFO System is an Inventory Management Method that sells the Recent Inventory Acquired First followed by older Inventory.
<u><em>Cost of Goods Sold</em></u>
March 14 = (1,380×$62) = $85,560
August 31 = (1,130×$80) = $90,400
= (70×$62) = $ 4,340
= (350×$50) = $ 17,500
Total = $197,800
<em><u>Closing Inventory</u></em>
(1,100×$50) = $55,000
The strategy for these questions is to scan through them and choose the easiest to complete first, so that we avoid errors. The easies among the pairs seems to be cultural imperialism because it is somewhat unrelated to the rest. If a foreign culture is imposed upon someone, it is probable that he will wear foreign clothes.
Next, we have that if there are more foreign investments in a country, this affects the value of money in this country. The interest rates will be going higher since there is a motive now for people to take their money out of the bank and invest; hence, the banks need to readjust upwards the rates.
Finally, if the exports are increased, it means that there is more need for your currency (you are taking your good outside your country and they need to be bought with your currency), so the rise in exports yields also a rise in currency value, just because there is more demand for your currency.
Finally, the last slot left is decrease in exports, which goes hand to hand with a lower currency value.
Yea I have it do you want it
Answer:
1.25
Explanation:
The net worth ratio uses data from the balance sheet to compare the level of a company's debt against its total net worth.
The formula for calculating the debt to net worth ratio is as below.
Debt to networth ratio = Total debts/ Total net worth.
Liabilities are the debts of a business.
in this case, = 5,000,000 / 4,000,000
Debt to net worth ration= 5/4
=1.25