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Sliva [168]
3 years ago
9

Geese Company utilizes the dollar-value LIFO retail inventory method. Its cost-to-retail percentage is 60% based on beginning in

ventory and 64% based on current-period purchases. The company determined that beginning inventory at retail was $200,000 and that ending inventory at current-year retail prices was $250,000. The current-year price index is 1.10. During the current year, a new inventory layer at base-year retail prices was added in the amount of:__________ (round your answer to the nearest dollar amount)
Business
1 answer:
Rudiy273 years ago
6 0

Answer:

$27,273

Explanation:

Calculation for the new inventory layer at base-year retail price

Using this formula

New inventory layer at base-year retail prices=(Ending inventory at current-year retail prices/Current-year price index) - Beginning inventory at retail

Let plug in the formula

New inventory layer at base-year retail prices=($250,000/1.10) - $200,000

New inventory layer at base-year retail prices=

$227,273 - $200,000

New inventory layer at base-year retail prices=$27,273

Therefore During the current year, a new inventory layer at base-year retail prices was added in the amount of: $27,273

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allsm [11]

Answer:

Present value = $9.7150 rounded off to $9.72

Explanation:

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Where,

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4 0
3 years ago
If Ben and the HR managers do nothing about the promotion opportunities in the organization, employee satisfaction is likely to
Andru [333]

Answer:

Employee satisfaction is likely to be lower

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3 0
3 years ago
Suppose for some year the income of a small company is ​$100 comma 000100,000​; the expenses are ​$75 comma 00075,000​; the depr
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Answer:

$23,950

Explanation:

Income  ​$100,000​  

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Depreciation $22,000​

income tax rate = 35​%

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Expenses (​$75,000​)

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8 0
3 years ago
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levacccp [35]

Answer:

Project Closing Phase, is the correct answer.

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It is the last phase in the project  cycle. In this phase the project is closed and report of success is given to the sponsor. The deliverable are handed to the the customer, documentation is handed to the business, equipment and staff are released and stakeholders are informed about the closure of he project. Once the project has been closed  and   post implementation review is done for determining the success and identifying the lessons learned .

8 0
4 years ago
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