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tangare [24]
3 years ago
11

Lego Company has used the FIFO method since it began operations in 2023. Lego changed to the weighted average method in 2026. Th

e change was justified. In its 2026 financial statements, Lego included comparative statements for 2025 and 2024. The following are the year-end inventory balances under the FIFO and weighted average methods.
Year FIFO Weighted Average
2023 $108,000 $90,000
2024 $134,000 $122,000
2025 $166,000 $140,000
What adjustment should be made to Cost of Goods Sold retrospectively for the year ended December 31, 2025?
a. $22,000 decrease
b. $8,000 decrease
c. $14,000 increase
d. $18,000 increase
e. $24,000 increase
Business
1 answer:
Viktor [21]3 years ago
5 0

Answer:

c. $14,000 increase

hope it helps

mark me as brainloeast

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Phytoplankton feed on nutrients brought up by this type of deep cold water current
CaHeK987 [17]

<u>Answer</u>:

Phytoplankton feed on nutrients brought up by upwelling.

Hence, option D is the right answer.

<u>Explanation</u>:

Phytoplankton are microscopic marine plants, i.e they live in water bodies. They are autotrophic, i.e they prepare their own food. They are called phytoplankton because they absorb photo energy i.e sunlight. They absorb carbon dioxide and release oxygen. As they need to absorb sunlight, they are present near the surface of the water.

Upwellings are ocean currents which bring nutrients from deep cold water to the surface. Upwellings happen because of the rotation of the Earth and winds. The phytoplankton depend on the nutrients brought by the upwellings to prepare their food using sunlight and they form the food for various sea animals.

7 0
3 years ago
Eastport Inc. was organized on June 5, Year 1. It was authorized to issue 300,000 shares of $10 par common stock and 50,000 shar
Kay [80]

Answer:

The journal entries have been given as under;

Explanation:

Cash  15,000*12       Dr.$180,000

Common Stocks 15,000*10  Cr.$150,000

paid in capital-common stock 15,000*(12-10) Cr.$30,000

Cash  5,000*51   Dr.$255,000

Preferred stocks 5,000*50   Cr.$250,000

Paid in Capital-preferred stock 5,000*1         Cr.$5,000

Cash  60,000*15   Dr.$900,000

Common Stocks 60,000*10  Cr.$600,000

Paid in Capital-common stocks   60,000*(15-10)  Cr.$300,000

8 0
3 years ago
During periods of economic growth, consumers buy more goods and services. This causes businesses to produce _____ goods and serv
fomenos
More, hope this helps!
5 0
2 years ago
Read 2 more answers
Sanders Enterprises arranged a revolving credit agreement of $9,000,000 with a group of banks. The firm paid an annual commitmen
Kaylis [27]

Answer:

Total dollar Annual Cost = $300,000

Explanation:

  • Total loan Commitment = 9000000
  • Borrowed Fund (Used Portion) = 6000000
  • Unused Portion (9000000 - 6000000) = 3000000
  • Annual Commitment Fee for unused Portion = 0.50%
  • Commitment Fee = 3000000 x 0.05% = 15000
  • Borrowed Fund (Used Portion) = 6000000
  • Interest Rate (3.25% + 1.5%) = 4.75%
  • Interest Cost (6000000 x 4.75%) = 285000

Total dollar Annual Cost (15000 + 285000) = $300,000

5 0
3 years ago
A job candidate is being taken out to dinner by a an interviewer. The interviewer gets to pick therestaurant they will dine (eit
Fofino [41]

Answer and Explanation:

a. They will visit the local restaurant and the job candidate will choose to have salad as an order. Please check the attachment I added for the other parts of the answer.

b. The interviewer would make a choice and choose local restaurant. Based on this choice, the job candidate will choose salad. If the interviewer should choose chain restaurant, the job candidate will choose steak

C. Strategy

The interviewer:

S = {chain,local}

Job candidate:

S = {(steak, salad} multiplied by {steak, salad}

= {(Steak steak), (steak salad), (salad, steak), (salad,salad)}

5 0
3 years ago
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