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iren [92.7K]
4 years ago
14

Kingbird, Inc. has the following inventory data:

Business
1 answer:
stealth61 [152]4 years ago
5 0

Answer:

Cost of goods sold (rounded) under FIFO is $ 1.649

Explanation:

Date Q Cost U.Cost inventory Sold Cost

nov-01 34 231,2           6,8  0   34                231

nov-08 137 1006,95          7,35 0   137                1.007

nov-17 68 489,6            7,2 11   57                 410

nov-25 103 772,5            7,5 103   0                  0

                                          114 228              1.649

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For every decision you make there is a trade off
Airida [17]

Answer:

True

Explanation:

I took the test on edge

8 0
4 years ago
Racine started a new business in the current year. She incurred $52,000 of start-up costs. If her business started on November 2
Lerok [7]

Answer:

$3,544

Explanation:

The maximum immediate expenses amount of $5000 phases out for dollar if more than $50,000 of start-up cost are incurred. Thus, the immediate expensing is  $3,000

   ($5000 - ($52,000 - $50,000))

∴ ($5000 - ($2000) = $3000

The amortization is $544

($49,000/180) × 2 months

= $544

The total amount she may deduct = $3000 + $544 = $3544.

3 0
4 years ago
On May 1, Ace Bonding Company purchased inventory costing $2,000 on account with terms 2/10, n/30. On May 18, Ace pays for this
Fofino [41]

Answer:

A

Explanation:

The correct answer is:

A. Accounts Payable 2,000 Cash 2,000

4 0
3 years ago
Which example below best describes a longitudinal design in a descriptive research project? A. A panel that consists of househol
adoni [48]

Answer:

A. A panel that consists of households that provide purchasing information at specified intervals over an extended period

Explanation:

Longitudinal design in research is a method that involves repeated examination of the same variables over a short or long term to see if there is any changes that occur.

A fixed sample is measured repeatedly to gain information.

A panel that consists of households that provide purchasing information at specified intervals over an extended period, is an example of longitudinal design.

The fixed sample is the panel of households, and they repeatedly provide purchasing information.

So the same sample is measured continuously over a period of time

4 0
3 years ago
Jason works part-time at a grocery store after school. Jason has worked at the store for two years but still hasn't received a w
ehidna [41]

Answer:

a. Jason works harder than the other employees

Explanation:

In this scenario, the statement that would strengthen Jason's case would be that he works harder than the other employees. If Jason is able to provide proof of this then that would indicate that effort and work-efficiency is not the reason for Jason not receiving a wage increase. This would mean that the reason is either personal or superficial which are all labor-market discrimination. Therefore, if Jason can prove that he does actually work harder than the other employees it would drastically increase his chances of winning the court case against his employer.

5 0
3 years ago
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