Answer: $66,938
Explanation: The beginning inventory is calculated thus:
$50,000 / 3000 units = $16.67
while the purchases during the period is:
$150,000 / 8000 units = $18.75
Ending inventory value using average minus cost method is thus:
Ending inventory= 3,780
Average cost = $16.67+18.75= $35.42
Cost of ending inventory = $35.42/2=17.71
Ending inventory cost = $17.71 * 3,780=66,938
Answer:
1. FIFO inventory is greater than (>) LIFO inventory.
2. FIFO cost of goods sold is less than (<) LIFO cost of goods sold.
3. FIFO net income is greater than (>) LIFO net income.
4. FIFO income taxes are greater than (>) LIFO income taxes.
b. Income shown on the company’s tax return would be lower if LIFO rather than FIFO is used.
Explanation:
FIFO and LIFO are accounting methods used in managing costs related to inventory, stock repurchases at different times and financial activities associated with monetary costs a company had tied up within inventory of feedstocks, raw materials, produced goods, and equipment parts.
Simply stated, FIFO and LIFO are accounting methods is used for the valuation of the cost of goods sold and ending inventory of a company.
FIFO is an acronym for "First In, First Out" and it assumes oldest unit of inventory is sold first, meaning goods that were first added to inventory are the first goods removed from inventory for sale and are recorded as sold first.
LIFO is an acronym for "Last In, First Out" and it assumes last unit to arrive in inventory is sold first, meaning goods that were last added to inventory are the first goods removed from inventory for sale and are recorded as sold first.
The choices can be found elsewhere and as follows:
A.initiating
B.planning
C.monitoring/controlling
D.closing
E.assessme<span>nt
I believe the correct answer is option B. </span><span>In the execution phase of a project's life cycle, activities are guided by decisions that were made in the planning phase. Hope this answers the question.</span>
Answer: I, II, III, IV
Explanation:
CAPM is used for pricing of risky securities and also for the generation of expected returns for an asset given the risk involved with regards the assets and the cost of capital
In a simple CAPM world, the correct statements are:
I. All investors will choose to hold the market portfolio, which includes all risky assets in the world
II. Investors' complete portfolio will vary depending on their risk aversion
III. The return per unit of risk will be identical for all individual assets
IV. The market portfolio will be on the efficient frontier and it will be the optimal risky portfolio
Therefore, I, II, III, IV is the best option.
If a defendant makes an untrue statement of fact about the plaintiff and the statement was intentionally or accidentally published to a third party, the defendant is held liable for misappropriation of the right to publicity-<u>The STATEMENT HOLDS FALSE</u>
Explanation:
<u>The right of publicity is violated when the unauthorized commercial use of a plaintiff's identity occurs.</u>
<u> A commercial use occurs when the defendant offers the plaintiff's identity to promote the sale of products, services, or fundraising.</u>
The statement stated in the question stands false because
- The defendant has not made any unauthorized use of the Plaintiff identity.
- No promotion of sale of any product ore services or any fundraising activity is mentioned in the question
He<u>nce ,the Statement hold's False</u>
