Barnes compare two stocks have which of the following characteristics

Causwell Company began 2018 with 11,000 units of inventory on hand. The cost of each unit was $4.00. During 2018 an additional 3

Kaylis [27]

Answer and Explanation:

For computing the cost of goods sold under two method first we have to determine the cost per unit which is shown below:

The average cost per unit is

= $108,750 ÷ 25,000 units

= $4.35

Now the cost per unit is

Total cost (11,000 units + 35,000 units) × $4.35 $200,100

Beginning units (11,000 units × $4) $44,000

The Remaining cost for 35000 units ($200,100 - $44,000) $156,100

Divide by Purchase cost per unit of 35000 units $4.46

Now the cost of goods sold are as follows

1. Under the FIFO method

Beginning 11,000 × $4.00 $44,000

Purchased 14,000 × $4.46 $62,440

Total 25,000 $1,06,440

2. Under the LIFO method

Purchased 25,000 × $4.46 $1,11,500

4 0

3 years ago

A farmer raises wheat and pays a portion of it as a tax that is collected by government agents and sent to a central storage fac

Olegator [25]

Answer:

REDISTRIBUTION

Explanation:

Redistribution of assets and income can be defined as social mechanism like taxes, education, healthcare, government services, political reform, fiscal policy, confiscation, separation or tort rule is the redistribution of wealth and income from some persons to others.

The phrase's meanings differ, based on private experiences, political philosophies and limited statistical usage. In politics, it is often said, probably referring to supposed transfers of wealth from those with more to those who have less.

3 0

3 years ago

Cori's Corp. has an equity value of $13,505. Long-term debt is $8,800. Net working capital, other than cash, is $3,620. Fixed as

ruslelena [56]

Answer:

Cash $705

Current Assets $6,195

Explanation:

Equity $13,505

Long-term debt $8,800

Net working capital, other than cash, $3,620.

Fixed assets are $17,980

Current liabilities are $1,870.

Net Working capital is the Net value of Current and Current Liabilities.

We need to calculate current assets with cash first.

As we know

Assets = Equity + Liability

Fixed Assets + Current Assets = Equity + Long Term Liability + Current Liability

$17,980 + Current Assets = $13,505 + $8,800 + $1,870

Current Assets = $24,175 - $17,980 = $6,195

Net Working Capital = Current Assets - Current Liabilities

$3,620 = Current Assets - $1,870

Current Assetsother than cash = $3,620 + $1,870

Current Assets other than cash = $5,490

Cash Value = Total Current Assets - Current Assets other than cash = $6,195 - $5,490 = $705

5 0

3 years ago

All of the following statements regarding leases are true except _______.

dalvyx [7]

Answer:

I think its D

Explanation:

Hpe this helps.

8 0

3 years ago

Please someone help me..

grandymaker [24]

already answered this question for you in a previous post.

8 0

3 years ago