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2 years ago

So what are u guys up to today

Business

2 answers:

vodomira [7]2 years ago

6 0

Nothing much. I’m happy that I got no school today. At least I get to sleep more :)

Virty [35]2 years ago

5 0

Answer:

School work.

Explanation:

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Caspion Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 2.5 kilograms of the raw material Jurislo

Vladimir79 [104]

Answer:

Cost of purchase= $1,014,300

Explanation:

Giving the following formula:

Production:

August= 22,600

September= 21,300

Ending inventory= 20% of the following month's production needs.

Beginning inventory= 10,800 kg

The cost of Jurislon is $18.00 per kilogram.

One Miniwarp requires 2.5 kilograms of the raw material Jurislon.

<u>First, we need to calculate the purchases in kg required using the following formula:</u>

Purchases= production + desired ending inventory - beginning inventory

Purchases= (2.5*22,600) + (2.5*21,300)*0.2 - 10,800

Purchases= 56,350kg

<u>Now, the total cost of purchase:</u>

Cost of purchase= 56,350*18= $1,014,300

7 0

2 years ago

Lee, Inc. acquired 30% of Polk Corp.'s voting stock on January 1, Year 1 for $100,000. During Year 1, Polk earned $40,000 and pa

KiRa [710]

Answer:

$7,500

Explanation:

Lee, Inc. acquired 30% of Polk Corp.'s voting stock on January 1, Year 1 for $100,000.

During Year 1, Polk earned $40,000 and paid dividends of $25,000.

Therefore Lee's dividend income = 0.3 x 25,000 = $7,500

Before income taxes, the amount that Lee should include in its Year 1 Income Statement as a result of the investment will be the dividend earned in year 1 which is $7,500

5 0

3 years ago

Suppose that the government imposes a $2 a cup tax on coffee. The rise in the price of a Starbucks coffee will be ______, coff

Scrat [10]

Answer:

increase, decrease

Explanation:

In simple words, when the tax was imposed on the product the company will ultimately bear it to the final consumer which means the price will rise. However when the price of the product rises the demand for that product decreases due to the fact that many individuals would not be able to buy it now from their limited income, this phenomenon is called price elasticity due to income.

5 0

2 years ago

Assume that a firm separately determined inventory under FIFO and LIFO and then compared the results. a. In each dropdown that f

marysya [2.9K]

Answer and Explanation:

As per the data given in the question,

1. FIFO inventory > LIFO inventory

(Because in case of LIFO recent purchases are considered in production first or sold first so the remaining inventory are old inventory which is less costlier.)

2. FIFO cost of goods sold < LIFO cost of goods sold

(Because in case of LIFO recent purchases are considered in production first which are expensive so the cost of production is greater than FIFO.)

3. FIFO net income > LIFO net income

(Because cost of production is less under FIFO and the value of closing inventory is high, therefore the net income is also high.)

4. FIFO income taxes > LIFO income taxes

(Since, income is high in FIFO, therefore the tax under FIFO will be higher.)

b) Management would like prefer to use LIFO over FIFO in periods of rising prices because Income shown in the company's Tax return will be higher if we use FIFO rather than using LIFO.

5 0

3 years ago

4. Explain examples of both professional and unprofessional communication.

lara31 [8.8K]

Answer:

Professional Communication: The term professional communication refers to the different forms of speaking, listening, gestures and writing to and fro in the workplace. It can be either in person or through emails or any other electronic communication.

Example: Listening carefully while someone is giving speech. Mobile on silent mode while in meeting.

Unprofessional Communication: The term unprofessional communication refers to the different forms of speaking, listening, writing and gestures in a casual manner which seems to be rude and not up to the mark.

Example: Verbally interrupting is an unprofessional method of not listening. Mobile phone rang in a meeting.

4 0

2 years ago