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Ede4ka [16]
3 years ago
12

ABC Company has elected to adopt the dollar-value LIFO inventory method when the inventory is valued at $125,000. The adoption t

akes place as of January 1, 20X1 when the entire inventory represents a single pool. ABC Company determined that the inventory at December 31, 20X1 was $144,375 at current year cost and $131,250 at base year cost using a relevant price index of 1.10. The inventory at December 31, 20X1 under dollar value LIFO is
Business
1 answer:
Brut [27]3 years ago
8 0

Answer:

Explanation:

K

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A service contract for a video projection system costs $195 a year. you expect to use the system for four years. instead of buyi
aleksklad [387]

Answer:

The future value of an annuity (FVA) is $828.06

Explanation:

The future value of an annuity (FVA) is the value of payments at a specific date in the future based on the payments being recurring and assuming a discount rate. The future value of an annuity (FVA) is based on regular cash flow. The higher the discount rate, the greater the annuity's future value.

FVA= P * \frac{(1+r)^n-1}{r}

Where:

FVA is The future value of an annuity (FVA)

P is payment per period

n is the number of period

r is the discount rate

Given that:

P = $195

r = 4% = 0.04

n = 4 years

FVA= P * \frac{(1+r)^n-1}{r}

substituting values

FVA= 195 * \frac{(1+0.04)^4-1}{0.04}=195*4.246=828.06\\FVA=824.06

The future value of an annuity (FVA) is $828.06

4 0
3 years ago
Read 2 more answers
Financial Statement Analysis, specifically Ratio Analysis is often performed by managers, investors, and creditors. What is the
IceJOKER [234]

Answer:

The primary goals of managers, investors, and creditors when evaluating ratios are:

1. Managers use ratio analysis to evaluate their performance, understand financial results and trends, and determine the strengths and weaknesses of different strategies and initiatives.

2. Investors perform ratio analysis of the financial statements of companies in order to evaluate the financial health of the companies and estimate likely future performances.  By performing ratio analysis, investors can determine how a company receives financing, uses resources, settles maturing debt obligations, and generate profits.

3. On the part of creditors, they are always interested in knowing if a company is overtrading, uses debt resources efficiently, is credit-worthy, and has the ability to repay.

Explanation:

Ratio analysis reveals important insights about a company's profitability, liquidity, operational efficiency, and overall solvency.  Ratio analysis shows a company's performance in important indices over time.  It can also be used as a tool to compare one company with another, especially if they are in the same industry or economic sector.  Various stakeholders, including managers, creditors, investors, and employees, use ratio analysis to understand the company's value creation ability.

7 0
2 years ago
Banc Corp. Trust is considering either a bankwide overhead rate or department overhead rates to allocate $396,000 of indirect co
Viktor [21]

Answer:

(A) $144,000.

Explanation:

For computing the indirect costs allocated to the Commercial Department first we have to compute the per unit cost which is shown below:

Per unit cost = (Allocated department overhead indirect cost) ÷ (total number of direct labor hours)

=  $396,000 ÷ 22,000

= $18

The total number of direct labor hours = Consumer + commercial

                                                                = 14,000 + 8,000

                                                                = 22,000

Now the indirect cost equal to

= Per unit cost × Commercial direct labor hours

= $18 × 8,000

= $144,000

4 0
3 years ago
Which of the following phrases BEST defines the word import?
Lubov Fominskaja [6]
<span>to obtain a product from another country </span>
8 0
3 years ago
Read 2 more answers
Human resources that perform the functions of organizing, managing, and assembling the other factors of production are
tatiyna

Answer:

The correct answer is letter "A": entrepreneurs.

Explanation:

Entrepreneurship is the factor of Human Resources (HR) by which representatives are in charge of coordinating with different departments on how to allocate labor force to achieve the business operations effectively. In some cases, some policy decisions and risks will have to be taken by them.

4 0
3 years ago
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