Answer:
$6,500
Explanation:
First In First out (FiFO) is an Inventory method which determines the inventory value and it requires that the unit purchased first will be sold first.
Units Cost Value Balance
Beginning Inventory 3,700 $5 $18,500 $18,500
February
Purchases 5,700 $4 $22,800 $41,300
March
Purchases 2,700 $6 $16,200 $57,500
Sale -1,300 $5 ($6,500) $51,000
Cost of Goods sold is the cost of sold units on the basis of FIFO inventory costing method.
The high costs are because of paying for media adds
Answer:
Alternative Ways! (Maybe?)
Explanation:
Depending on the relationship your character has with this Frank, you could pick an alternative way, which would be talking with Frank and discussing why he smuggled the $3,000. If you were to talk to him and convince him to stop stealing this money, he wouldn't get in trouble but hopefully, he would stop stealing from the company.
Hope that helps!
Answer:
A. Stop payment on the first check; then write a second one.
Explanation:
There are certain rules and procedures in banking system. If any check written is lost, then firstly the check shall be made invalid the one which is lost.
To make it invalid, stop payment can be done. Stop payment basically converts the check into a mere paper, with no validation, even if such check is presented no payment is made against it.
Further by issuing check you create a liability that you owe some money as against the party in consideration on check.
Therefore, after stop payment a new check shall be issued.
Answer:
$656,000
Explanation:
Calculation to determine what The balance in the right-of-use asset after two years will be
Using this formula
Right-of-use asset after 2 years balance=Value of Asset- (Value of Asset*Used year)/Estimated Life
Let plug in the formula
Right-of-use asset after 2 years balance= $820,000 - ($820,000 / 10) * 2
Right-of-use asset after 2 years balance=$820,000-$164,000
Right-of-use asset after 2 years balance= $656,000
Therefore The balance in the right-of-use asset after two years will be:$656,000
