Answer:
d. Making choices based on comparing marginal benefits with marginal costs
Explanation:
Opportunity Cost Marginal Analysis in Economics helps managers to understand the idea of opportunity cost in making an additional input for output. Presume a manager realizes that there is space in the budget to employ an additional worker. Marginal analysis tells the manager that an additional worker provides net marginal benefit or not and the manager then decides if to hire one more worker or forgo it for an alternative.
Answer:
Investment interest expense deduction is restricted to the extent of investment income.
Investment interest expense deduction = $4600
Explanation:
Answer:
credit to Paid-In Capital from Treasury Stock for $30,000.
Explanation:
The Journal entry is shown below:-
Cash Dr, $100,000
(5,000 × $20)
To Treasury stock $70,000
(5000 × $14)
To Additional paid in capital $30,000
(5000 × $6)
Therefore we debited the cash as liability is increasing and we credited the treasury stock and additional paid in capital as it also increasing the liability.
Answer:
Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO.
- If the company used FIFO instead of LIFO, their profits would increase by $1,960 - $1,720 = $240 because their COGS would be lower.
Explain why this amount is referred to as phantom profit.
- Phantom profit basically refers to the profit that the company could have made using a different accounting method.
Identify the impact of LIFO versus FIFO.
- LIFO increases COGS by $240, reducing gross profits by the same amount.
Explanation:
units price total
purchase 100 $6 $600
purchase 200 $7 $1,400
purchase 140 $8 $1,120
total 440 $3,120
ending inventory 180
using LIFO $1,160
using FIFO $1,400
COGS using LIFO = $3,120 - $1,160 = $1,960
COGS using FIFO = $3,120 - $1,400 = $1,720
If the company used FIFO instead of LIFO, their profits would increase by $1,960 - $1,720 = $240 because their COGS would be lower.
The answer to this question is that the best medium would be a face to face meeting. A face to face meeting is a meeting where in group of people are being held in a specific meeting room to meet and discuss a specific agenda. Face to face meetings are said to be the best type of meeting because this ensures engagement and it is more efficient.
