You will get monthly $7,250.00 in boston
Answer:
$1,510
Explanation:
LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.
The business had a total of 40 inventories.
The inventories sold = 40 - 20 = 20
The cost of the goods sold would first be alloted to the 3rd purchased inventory = 10 x $77 = $770
The remaining cost of goods sold would be allocated to the 2nd purchase of inventory = 10 x $74 = $740
Total = $740 + $770 = $1,510
I hope my answer helps you
Answer:
c. seller receives cash sooner than if credit is granted directly to the customers
d. may allow seller to increase sales volume
Explanation:
When a customer uses a credit card, the bank that issued the card pays the seller immediately, and later, the bank recovers the money plus interest from the customer.
So this method allows for a faster collection of cash (basically immediatly) than if the seller granted the credit directly to the customer.
Credit cards also allow seller to increase sales volume because many people lack the cash necessary to pay down the full value of the purchase.
It’s money I’m pretty sure
