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Airida [17]
2 years ago
9

Following is partial information for the income statement of Audio Solutions Company under three different inventory costing met

hods, assuming the use of a periodic inventory system: Required: 1. Compute cost of goods sold under the FIFO, LIFO, and average cost inventory costing methods. 2. Prepare an income statement through pretax income for each method. Sales, 327 units; unit sales price, $51; Expenses, $1,540 3. Rank the three methods in order of income taxes paid (favorable cash flow

Business
1 answer:
ioda2 years ago
7 0

Answer:

1,2- See attached pictures.

3-

1. LIFO

2. Average

3. FIFO

Explanation:

See attached pictures.

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Select all that apply.
tino4ka555 [31]

Answer:

adding up consumption, investment, government expenses, and net exports

adding up the market prices of final goods and services produced in the U.S

adding up the incomes of producers and taxes paid to the government

Explanation:

GDP is a measure of the sum value of a country's output in a given period. The GDP value reflects economic growth or decline in a country for the period under review.

GDP is calculated using three methods. They include the income, production, and expenditure approach.

In the Income approach, economists add up all the earnings from the factors of production. Wages and salaries of all employees; the profits from businesses and corporates' ; rents, and interests form landlords are summed up to get GDP. Adjustments are made to cater for the taxes paid to the relevant government agencies. ( 4th option)

The production approach involves getting the value of all the finished consumer goods and services in the economy. The approach excludes intermediary goods and work-n progress. GDP is obtained by adding the total of the finished products and services and multiplying them by their prices. (3rd option)

The consumption option applies a formula that GDP = C+G+I+ NX, where C is private consumption expenditure,  G is government consumption and investment expenditure, and I in private investment expenditure. NX is the net imports. ( 1 st option )

4 0
3 years ago
Other than mr. tambourine man, which is another bob dylan song that appears in coriglianoâs song cycle
natita [175]
There's actually 7 one of which is "Blowin in the wind"
7 0
3 years ago
________ computing refers to the efficient and eco-friendly use of computers.
joja [24]
Green computing is an efficient and Eco-friendly use of computers and other electronics.  Eco-friendly or environment friendly are marketing terms and sustainability that referring to goods, services, policies and guidelines that reduce or minimize any harm on the ecosystem or environment. Green computing involves study of designing, manufacturing, using and disposing of computing devices in a way that does not harm the environment.
8 0
3 years ago
Yesterday, an automobile dealership sold exactly 15 vehicles for a total of $225,000. Did at least one of the vehicles sell for
Lubov Fominskaja [6]

Answer:

Option A is correct

Explanation:

In the question above, we have:

  • 15 vehicles sold for $225,000, therefore, the average price was $225,000/15 = $15,000

A. The median price for the 15 vehicles was $13,000.

If the median price was $13,000, this means that half the cars were at that price or below. For every car that was below $13,000, there has to be a car above $17,000 to balance it out, to make the average stay at $15,000. If half the cars are below $13,000 and the highest cars are not above $16,500, then it would not be possible to have an average of $15,000. This statement implies that at least one car is above $17,000, and therefore has to be above $16,500. This answers to the question. This statement is sufficient.

6 0
3 years ago
4. Marsha qualifies for the recovery rebate credit of $500 for Shelby. True are false
inessss [21]

Answer:

The answer is "False".

Explanation:

In this question, the given statement is false because the maximum claim for rewards by Economic Repercussions is \$ 1200 \ \ and\ \ \$ 2400 Return filed in connection with this), plus \$ 500 for children under the CARES Legislation and the Economic Consequences Payment. Consequently, Marsha is liable for Shelby's $1200 recovery reimbursement credit.

4 0
2 years ago
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