Answer:
a) FIFO
Explanation:
FIFO means first in, first out. It is an inventory system where the first purchased inventory is the first to be sold . The cost of goods sold is $30 which is equal to the price of the first purchased inventory . Therefore, the FIFO inventory system was used.
LIFO means last in, first out. It is an inventory system where the last purchased inventory is the first to be sold.
Weighted average is when the weighted price of inventory is used as the cost of goods sold.
I hope my answer helps you.
Answer:
$91,620
Explanation:
Given:
Selling price of equipment = $175,913
Gain on sale = $12,900
Book value of equipment = Selling price - gain
= 175,913 - 12,900
= $163,013
Cost of equipment = $299,633
Book value = $163,013
Accumulated depreciation on sold equipment = Cost - book value
= 299,633 - 163,013
= $136,620
Calculation of depreciation expense in 2012:
Accumulated depreciation as on 31 December 2012 = $930,000
Accumulated depreciation as on 1 January 2012 = $975,000
Depreciation expense during the year = Closing accumulated depreciation + accumulated depreciation on sold equipment - Beginning accumulated depreciation
= 930,000 + 136,620 - 975,000
= $91,620
B how much time on a stage does a a student spend waiting in line
Answer:
AIDA stands for: attention, interest, desire, and action
Answer:
Project B
Explanation:
To select the better project we use the net present value or NPV. This indicates the sum of the present value of all cash flows of a project. To transform a future cash flow into a present cash flow we use a rate, in this case we use the rate of return (15%). Then, we sum all of the cash flows in present value including the investment which negative (because the investment is due in the moment or year 0 we don´t have to transform it into a present value flow).
I attached the NPV formula, but it is better to use excel:
First, we copy all cash flows including the investment with a negative sign. Then we use the finantial formula "NPV" in this way:
For project A
"=NPV(15%;C5:C7)+C4"= $1283,23
For project B
"=NPV(15%;D5:D10)+D4"= $1702,26
We choose the project with the greatest NPV, in this case project B