Data imputation involves replacing missing or inconsistent data with approximated values (fields). The replaced values are designed to provide a data record that passes edit checks.
How Does Imputed Value Work?
When the real value of an item is unknown or unavailable, it is given an assumed value known as imputation, also referred to as estimated imputation. Imputed values are logical or implicit values that are assigned to items or time sets when their "real" value is not yet known.
forecast a wider collection of values or series of data points is called an imputed value. Imputed values can be used to determine the worth of an organization's intangible assets, the opportunity cost associated with an event, or the value of a historical item for which information on the item's value at a previous period is unavailable.
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Answer:
$1,223,500
Explanation:
The computation of cost of goods sold using LIFO method is shown below:-
Here, we are using LIFO method so we calculate from last number of units and cost per unit so we need to get 1,100
So, units from last 270 + 440 + 340 = 1,050
Now we need 50 units from purchase units so cost of goods sold
= 270 × $1,190 + 440 × $1140 + 340 × $1,040 + 50 × 940
= $321,300 + $501,600 + $353,600 + $47,000
= $1,223,500
Answer:
True
Explanation:
A more precise way to describe the situation is that Joe's pizza parlor is a monopolistic competition. But that definition considers that all 'food' items have some degree of close substitute relation.
But yes, if you consider this two conditions:
- a broad definition of monopoly
- other restaurants are not considered close substitutes for the food sold at the pizza parlor
Then yes, Joe has monopoly
Answer:
Journals :
Land $350,000 (debit)
Building $100,000 (debit)
Mortgage Payable $450,000 (credit)
Explanation:
The Land and Building is Initially measured at cost of acquisition not the fair market value. The cost of Acquisition in this case is the Present Value of the Mortgage Payable used to obtain the Property.
Step 1
Use the Time Value of Money Techniques to find the Present Value of the Mortgage.
Calculation of Present Value of the Mortgage
N = 20 × 12 = 240
P/YR = 12
PMT = - $3,488.85
I = 7 %
FV = $ 0
PV = ?
Using a Financial Calculator to Input the Values as above, the Present Value of the Mortgage will be $450,000.
Step 2
When Recording, apportion the Land and Building costs using their fair market value.
Land $350,000 (debit)
Building $100,000 (debit)
Mortgage Payable $450,000 (credit)
Keep track, and save ahead of time to complete your bills in time, or if your young get a gas card or kohls cards, and pay the bill immediately. ~SUGGESTION
