Answer:
Sackett’s ending inventory is $16000
Explanation:
given data
Units Unit Price
September 4,000 $2.00
October 4,000 $2.10
December 2,000 $2.30
to find out
FIFO method what is Sackett’s ending inventory
solution
we know here that unit sold = 16000 units
available for sale = 22000
so ending inventory = 22000 - 16000
ending inventory = $6000
so
unit included 6000 is latest purchase are
so November purchase 5000 @ 2.7 is = $13500
and June purchase 1000 @ 2.5 is = $2500
so total will be = $13500 + $2500
total = $16000
Answer:
On the short run, most factors of production are fixed since both wages and prices are sticky, but on the long run, all the factors of production are variable. So firms cannot decide which factors to keep fixed or not, they simply are fixed or not.
A variable factor of production is one whose input level can change in the short run, e.g. a company can extend working hours from the regular 8 hours a day to 10 hours per day.
A fixed factor is one whose input level cannot be changed in the short run, e.g. it takes several months or even years to build a new production facility, lease contracts usually last 3-5 years.
Answer:
The correct answer is A.
All other things being equal, in the early years of the asset's life, the amount of income shown <u>on the tax return will be higher than the amount of income shown on the income state.</u>
Here's why
Explanation:
In the United States, the Modified Accelerated Cost Recovery System (MACRS) is a depreciation system used for tax purposes.
It allows the capitalized cost of an asset to be recovered over a specified period via annual deductions. The MACRS system puts fixed assets into classes that have set depreciation periods.
This depreciation system allows an asset to be depreciated faster in the first years of an asset's life and slows depreciation later on. This is beneficial to businesses from a tax perspective.
This is logical, the less the value of an assets, the less the property tax applicable to it and so the company increases it's bottom line in tax savings whiles maximizing the useful life of the asset.
Cheers!
<span>Stockholders who sell their stock back to the company might claim that they were not made fully aware of all implications of the repurchase. The price of the firm's stock might benefit ore from ash dividends than from a repurchase.</span>
