Answer:
lLIFO-option B is correct ,$750
FIFO-option A is correct,$800
Explanation:
In using LIFO, each item sold is from the last inventory received while the FIFO is of the opinion that item sold is the oldest stock of inventory.
Under LIFO, cost of ending merchandise is as follows:
10 units (20-10) at $20=$200
10 units (30-20) at $25=$250
10 units at $30 =$300
Total value of inventory =$750
The correct option is B,$750
Under FIFO, cost of ending inventory is as follows:
20 units at $25 =$500
10 units at $30 = $300
total value of inventory =$800
The correct option is A,$800
Answer:
True
Explanation:
Routinized response behavior is the decision making process used by consumers when they buy frequently purchased, low cost items that require very little search and decision effort.
Convenience goods are low cost goods that are purchased frequently with very little search and decision effort, e.g. candy, cold drinks, etc.
CALCULATE TOTAL ASSETS TURNOVER :
TOTAL ASSETS TURNOVER = NET SALES/AVERAGE TOTAL ASSETS
= 3.6/1.1
TOTAL ASSETS TURNOVER = 3.27 TIMES
In financial accounting, an asset is a resource owned or controlled by a company or entity. It is anything that can be used to create positive economic value. Assets represent the value of an asset that can be converted into cash.
An asset is a resource of economic value owned or controlled by an individual, business, or state with the expectation of providing future benefits. Assets are reported on the company's balance sheet. They are classified as short-term, fixed, financial, and intangible.
Despite all this, a car is an asset even for less than what you paid for it because it can be quickly turned into cash on the market. That alone, by definition, makes it an asset. It's these additional costs and constant depreciation that make a car worthless.
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Answer:
The answer is: There was no consumer surplus in this situation.
Explanation:
consumer surplus refers to the difference between the maximum amount a consumer is willing to pay for a good or service and the actual price of the good or service.
In this case there was no consumer surplus, since Stacey was willing to pay only $2 for a bottle of mineral water and its price was $2.25, so she didn't buy it.
Ensuring proper collection preservation and safeguarding of federal records is the responsibility of <u>All Air Force Personal</u>.
<h3>What is Record Management Policy?</h3>
- All federal agencies are required under the Federal Records Act (44 U.S.C. 31) and related Code of Federal Regulations (CFRs) to keep records that detail their operations, file records for secure storage and quick retrieval, and dispose of records in accordance with agency schedules.
- A record keeping policy is a collection of guidelines for managing the creation, receipt, storage for historical purposes, and destruction of documents and other information within an organization.
- When it comes to safeguarding the rights and interests of the general public, holding public servants responsible for their acts, and recording the history of our country, federal records are crucial corporate assets.
- Employees of the government are responsible for maintaining and creating Federal records as part of their duties.
There are numerous types of federal records, including but not restricted to:
- recordings of audio and/or video
- drawings for architecture, engineering, and other fields
- electronic messages, such as texts, emails, and instant messages, used in computer-aided design
- Geospatial data and maps, notes, and pictures
- presentations
- reports with statistics and narratives about social media content
- web statistics
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