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Aliun [14]
3 years ago
5

Geese Company utilizes the dollar-value LIFO retail inventory method. Its cost-to-retail percentage is 60% based on beginning in

ventory and 64% based on current-period purchases. The company determined that beginning inventory at retail was $200,000 and that ending inventory at current-year retail prices was $250,000. The current-year price index is 1.10. Rounding to the nearest dollar, ending inventory at base-year retail prices would be _______.
Business
1 answer:
Alinara [238K]3 years ago
6 0

Answer:

$227,272

Explanation:

Ending inventory at base-year retail prices =

Ending inventory at current-year retail prices

÷The current-year price index

Ending inventory at current-year retail prices $250,000

The current-year price index 1.10

Hence:

$250,000÷1.10

=$227,272

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Which of the following is not a step in the grievance process? Group of answer choices
Leona [35]

Answer:

The answer is D, the grievance is brought before a court which decides the case.

Explanation:

A grievance procedure is a process adopted  within an organisation for the purpose of resolving conflicts. Most of the time, it is meant to resolve conflict between individuals of lower cadre or hierarchy in an organisation and people in the top management position.

There are about six different procedure in the grievance process and taking a grievance to the court to decide on a case is not one of them. However, it is worthy to note that when all necessary grievance procedure have been utilized and there seem not to be a resolution in sight, a third part arbitrator in invited into the scene which mostly is between high management personnel.

7 0
3 years ago
Martinez Company's ending inventory includes the following items. Product Units Cost per Unit Market per Unit Helmets 30 $ 58 $
Aliun [14]

Answer:

Inventory       Units    CPU    MV per unit    Total Cost   Total MV   LCM

Helmets           30        58             62                  1740           1860      1740

Bats                   23        112             80                  2576          1840      1840

Shoes               44        103             99                  4532         4356      4356

Uniforms          48         44              44                  2112            2112       <u>2112   </u>

Inventory Valuation                                                                               <u>10048 </u>

<u />

5 0
3 years ago
Mijka Company was started on January 1, 2018. During 2018, the company experienced the following three accounting events: (1) ea
lara [203]

Answer:

Explanation:

Income Statement

                                                $

Revenue                              32,800

Expenses                           <u> (14,600) </u>  

Profit                                  <u>  18,200  </u>

Statement of changes in stockholders’ equity

Retained Earnings :

Profit for the year                            18,200

Cash dividend paid                        <u>(2,900 )</u>

Retained earnings as at 31/12/18  <u> 15,300 </u>

Balance sheet

Current Asset :

Cash Balance ( 32,800-2900)   29,900

Stockholders' Equity :

Retained earnings                         15,300

               

6 0
4 years ago
What is the one-word term for a decrease in economic activity that could last for months or longer
Y_Kistochka [10]

Answer:

Recession.

Explanation:

Recession: It is defined as a gradual decline in economic activity as consumer and business spend a lesser amount of money in the market, which leads to a decline in the gross domestic product of the nation. If there is a decline in GDP for consecutive two quarters then it is an indicator that the economy is heading toward recession. It is also considered a business cycle contraction.

7 0
3 years ago
A customer purchases $100,000 of municipal bonds at 40% in a margin account. The customer must deposit:_______
miss Akunina [59]

Answer:

customer must deposit $8000

Explanation:

given data

purchases bonds = $100,000

margin = 40%

solution

As we know minimum maintenance requirement set by Financial Industry Regulatory Authority is the great than 7% of face amount or 20% of the market value

and margins is minimums set by exchange

so bond is purchased at 40% is

bond purchase = 40% × $100,000  = $40000

and 20% of $40,000 is = $8,000

and 7 % of $100,000 is = $7,000

so greater amount is $8,000

so customer must deposit $8000

8 0
4 years ago
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