Answer:
a. $1508
Explanation:
June 1 150 units
June 10 200 units
June 15 200 units
June 28 150 units
Total 700 units
Out of above, only 210 units are in hand. Under LIFO method, 150 units are from 1st June and 60 units are from 10th June.
Date Units (a) Per unit cost (b) Ending inventory (a*b)
June 1 150 $6.93 (1040/150) $1.040
June 10 60 $7.8 (1560/200) $468
Total 210 $1,508
So, using the LIFO inventory method, the value of the ending inventory on June 30 is $1,508
We are given with the equation
<span>balance = -17,732 + 367 * age +1300 *years education + 0.116 * household wealth
</span>-17,732 is a constant amount credited from the savings acount
367 is the amount saved per year of age
1300 is the amount saved per year of education
0.116 is the amount save per household wealth
Answer:
40
Explanation:
According to Ricardian theory, any change in budgets deficits or surpluses should be completely offset by an equal change in private savings.
In this case, the original amount of private savings was 80, but since the budget deficit decreased by 40, then the private saving should also decrease by 40. The total private saving = 80 - 40 = 40
Answer:
what's your question on it?
Answer and Explanation:
The impact on the sale and the payoff the loan in an accounting equation is as follows:
But before that
The following journal entries should be recorded
Cash $60,000
To Land $40,000
To Profit on sale of land $20,000
(Being the sale of the land is recorded)
Loan Dr $15,000
To Cash $15,000
(Being the loan is paid)
Here the cash would increased by $5,000, the liabilities would decreased by $15,000 and equity would be increased by $20,000
