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MrMuchimi
3 years ago
15

If i get 16 brainlest ill give u guys 136 points

Business
2 answers:
ivanzaharov [21]3 years ago
7 0

Answer:

you get brainlyist by answering questions. not making them

Tamiku [17]3 years ago
4 0

Answer:

ill give u brainlest tete

Explanation:

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Gail Co. has determined the cost of its 12/31/Year 1 inventory on a moving-average basis to be $200,000. Information pertaining
sineoko [7]

Answer:

C) $0

Explanation:

Gail determined that its inventory's worth by using the lower of cost or net realizable value (NRV). All the inventory accounting methods use this valuation method except LIFO or retail.

In this case the NRV of the inventory is the selling price minus selling costs = $215,000 - $10,000 = $205,000, but the inventory's cost is already lower since the average cost is only $200,000. Therefore the inventory's value is reported at its cost, so there is no reason why a write-down should be recognized.

6 0
3 years ago
The company's adjusted trial balance as follows includes the following accounts balances: Cash, $15,000; Equipment, $85,000; Acc
dmitriy555 [2]

Answer:

The first closing entry transfers credit balances in revenue ( and gain ) accounts to the income summary accounts.

Dec 31                       Fees Earned  $56,000 Dr

                                          Income Summary $56,000 Cr

We bring account credit balances to zero by debiting them. The entry closes revenue accounts and leaves them with zero balances. The accounts are now ready to record revenues when they occur in the next period.

4 0
3 years ago
Fergie has the choice between investing in a State of New York bond at 5.9 percent and a Surething Inc. bond at 9.4 percent. Ass
choli [55]

Answer:

the interest rate that the state of New York bond need to offer to make Fergie indifferent is 6.58%

Explanation:

After tax returning surething bond = 9.4%*(1-30) = 6.58%

when New York bond offers 6.58%,Fergie will be indifferent between investing in the two  bonds

Therefore, the interest rate that the state of New York bond need to offer to make Fergie indifferent is 6.58%

6 0
3 years ago
the difference between the actual quanity and the standard quanity, multiplied by the standard price is the
dalvyx [7]

Answer: Direct materials quantity variance.

Explanation:

Direct Material quantity variance is the difference between the actual quantity of materials used in production and the standard quantity that was supposed to be used, multiplied by the standard price of the material.

It is a method that checks the company's efficiency is being able to use raw materials to produce goods. If the Actual quantity needed is greater than the Standard quantity, this will be considered an Unfavorable Variance and mean that the company was not efficient in using the materials.

Causes of this can be low quality of materials and inadequate employee training.

6 0
3 years ago
Xavier and alex plan on retiring 27 years from today. at that time, they plan to have saved the same amount. javier is depositin
hammer [34]

The amount by which Alex's deposit amount vary from Javier's if Alex also makes a deposit today, but earns an annual interest rate of 6.2 percent is $3381.39.

<h3>How to calculate the value?</h3>

We use the formula:

A=P(1+r/100)^n

where

  • A=future value
  • P=present value
  • r=rate of interest
  • n=time period.

Hence future value Javier will be:

=$15000*(1.052)^27

=$58,954.40

For Alex:

58,954.40=P*(1.062)^27

P=58,954.40/(1.062)^27

=$11618.61

Hence difference will be:

=15000 - 11618.61

= $3381.39

Learn more about interest on:

brainly.com/question/2294792

#SPJ1

3 0
2 years ago
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