Answer:
Cost of Goods sold is $29
Explanation:
Under the perpetual LIFO or Last In First Out method of inventory valuation, we value the Cost of Goods Sold based on the price of the most recently purchased inventory before sale. Thus the units of closing inventory contains the inventory that was purchased first.
The cost of goods sold under LIFO will be,
Beginning Inventory (9* 3) = 27
Feb purchases (4 * 5) = 20
Oct sales (4 * 5 + 3 * 3) = (29)
Dec purchases (5 * 6) = 30
Ending Inventory = 48
So, the cost of goods sold under perpetual LIFO will comprise of the most recently purchased inventory before sale. The most recently purchased inventory before October sale was of February purchases. Thus, out of the 7 units sold, 4 will comprise of the February purchases and the remaining, 3 units, will be from the beginning inventory.
The cost of goods sold is,
COGS = 4 * 5 + 3 * 3
COGS = 29
Answer:
B. contributes towards variable costs
Explanation:
We know that,
Variable expense ratio = Variable expense ÷ Sales revenue.
From the above formula, we can understand that the Variable expense ratio comes from dividing variable expenses by sales.
Therefore, option B is correct. So the variable expense ratio cannot contribute towards contribution margin, fixed costs, and product costs.
Answer:
As your level of education increases, your income potential also increases.
Explanation:
As per the graph, the highest earners are holders of a doctoral degree, professional degrees, and master degrees. These are highly educated individuals.
At the bottom end, the lowest earners are those with high school diplomas and below.
The graphs clearly illustrate that acquiring a high level of education increases the probability of increased earning.
Answer:
The answer is "$ 52.17"
Explanation:
Third-year dividend, Increasing at per year in years 4 and 5.
Now, rising at a steady rate of 5 percent per year in year 6
The present value of all flows of cash: