Answer:
B) Something a person is able to do.
Explanation:
On my assignment, got it correct.
Answer:
(a) Determine the costs assigned to ending inventory and to cost of goods sold using FIFO.
Cost of Inventory 4,900
Cost of goods sold 13850
(b) Determine the costs assigned to ending inventory and to cost of goods sold using LIFO.
Cost of Inventory 6,300
Cost of goods sold 12450
(c) Compute the gross margin for each method.
Sales = 36,000
FIFO
Gross profit Margin = (36000 - 13850) / 36000 = 61.5%
Gross profit Margin = (36000 - 12450) / 36000 = 65.4%
Explanation:
The working is attached in an MS Excel file with this answer. Please find it.
Answer:
disruption
Explanation: Disruption takes a left turn by literally uprooting and changing how we think, behave, do business, learn and go about our day-to-day. Harvard Business School professor and disruption guru Clayton Christensen says that a disruption displaces an existing market, industry, or technology and produces something new and more efficient and worthwhile. It is at once destructive and creative.
Answer:
Does the agreement specify that ownership of the asset transfers to the lessee? NO
Does the agreement contain a bargain purchase option? NO
Is the lease termequal to75% or more of the expected NOeconomic life of the asset? NO (4 < (.75 X 6))
Is the present value of the minimum lease payments equalto or greater than 90% of the fair value of the asset? NO
10,000 X 3.72325
= (37233 < (.9 X 44,000))
Annuity due : n=4, i=5%.
Does the agreement specify that ownership of the asset transfers to the lessee? NO
Does the agreement contain a bargain purchase option? YES
Is the lease termequal to75% or more of the expected NOeconomic life of the asset? Yes (4 > .75X5)
Is the present value of the minimum lease payments equalto or greater than 90% of the fair value of the asset? NO
35,456 < (.9 X 43,000)
10,000 X 3.54595
Ordinary annuity
n=4, i = 5%.
Answer:
B. increasing returns initially and eventually diminishing returns.
Explanation:
Average variable cost initially, is high and tends to reduce with increasing number of units and on the long run then it ultimately tends to decrease.
Initially the returns are high on per unit, after that the company's return per unit decreases and the cost per unit in terms of variable cost also increases.
Average variable cost is less in the curve in the short middle term, then it tends to rise, as because variable cost starts increasing.
The company shall wisely choose to stop the production when the variable cost is increasing with a higher percentage than the decreasing revenue.
