Answer:
$2,730
Explanation:
The computation of the cost of goods sold using the LIFO perpetual inventory system is shown below:
Since 120 units and 150 units are sold
So, the same is to be considered
Therefore the cost of goods sold is
= 120 units × $9 per unit + 150 units × $11 per unit
= $1,080 + $1,650
= $2,730
We take the 120 units at $9 per unit and 150 units at $11 per unit so that the cost of goods sold is recorded
Answer: b. A stock dividend commonly indicates management's confidence that the company is doing well.
Explanation: That a company's management is doing well and would continue to do well is often indicated by the distribution of dividends. As a result, it is an indication of confidence in the management of a company. This makes option b the only true statement regarding dividends. Dividends also play roles in keeping the price of stocks affordable.
In contrast, retained earnings are the cumulative net income (and loss) not distributed as dividends to the shareholders of a company while the date of declaration is the date the company directors vote to declare and pay dividends to shareholders thus creating a legal liability to the company's shareholders.
Answer:
2. to increase investment
Explanation:
Saving is putting aside money for future consumption rather than spending it now. Firms and households save for emergencies or to make future purchases. The money saved is usually held in a safe and easily accessible place, such as a bank account.
Investment is the buying of an asset with the expectation that its value will increase. The purpose of investing is to have the money increase. While saving is keeping the money aside safely with low-risk levels, investment has elements of financial risk. The objective of saving is safe custody for emergency or future consumption. Investments are risky; hence they cannot be a goal for savings.
Answer:
C. The Robinson–Patman Act of 1936
Explanation:
The Robinson-Patman Act of 1936 is an amendment to The Clayton Act of 1914, which particularly prohibits price discrimination. Price Discrimination is an act in which distributors or sellers of certain goods, give discounts to people who they seem to benefit more from while smaller shops buy the goods at a costlier price.
The instance where the major tire manufacturer has an agreement to make a price discount with the manufacturer of truck tires is an example of price discrimination, and the consequence is that other markets are affected as they now exit the market. This is a clear contravention of the Robinson-Patman Act of 1936.
Answer:
The statement is: True.
Explanation:
Order winners are those products that customers recognize of having the minimum requirements so they can consider to purchase them and that are better than their competitors eventually making consumers buy them. Thus, firms must keep core competencies aligned to the customers' order winners.
