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blsea [12.9K]
2 years ago
14

Melbourne Company uses the perpetual inventory method. Melbourne purchased 500 units of inventory that cost $4.00 each. At a lat

er date the company purchased an additional 600 units of inventory that cost $5.00 each. If Melbourne uses a LIFO cost flow method, and sells 800 units of inventory, the amount of ending inventory appearing on the balance sheet will be:
Business
1 answer:
ra1l [238]2 years ago
5 0

Answer:

$1,200

Explanation:

Calculation to determine what the amount of ending inventory appearing on the balance sheet will be:

First step is to determine the units in ending inventory

Units in ending inventory=500 units + 600 units – 800 units sold

Units in ending inventory= 300

Now let determine the Ending inventory

Ending inventory=300 units x $4.00

Ending inventory = $1,200

Therefore the amount of ending inventory appearing on the balance sheet will be:$1,200

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The amount of uncollectible accounts at the end of the year is estimated to be $37,500, using the aging of accounts receivable m
ANTONII [103]

Answer:

$37,500

Explanation:

Given that

Uncollectible amount os $37,500

And, the credit balance of the Allowance of Doubtful Accounts  is $13,000

Based on the above information

The adjusted balance of the allowance for doubtful accounts is equivalent to the uncollectible amount i.e. $37,500

The same is to be considered

hence, the answer is $37,500

5 0
3 years ago
All else being equal, corporations prefer payments it makes to be classified as dividends rather than business expenses. True Fa
denis23 [38]

Answer:

True

Explanation:

Payment of dividend by a corporation depicts better financial picture and stability in earnings. And like business expenses, even the dividend paid by corporations is deducted to arrive at taxable income.

While an expense merely reflects the costs incurred, dividends reflect viable financial position which attracts investments from investors and establishes public confidence.

5 0
3 years ago
A team integrates and tests the Stories on the last day of the Iteration. This has become a pattern for the last three Iteration
fenix001 [56]

Answer: Because the team is waterfalling the iteration

Explanation:

The options to the question are:

a. Because the team consistently meets their commitments, and the Product Owner accepts the stories

b. Because the team is waterfalling the iteration

c. Because the team demonstrates the full stories to the product owner during the iteration review.

d. Because it is difficult to manage dependencies with other teams.

An anti-pattern is a pattern that show that a particular idea will be ineffective, risky and can create further havoc.

Therefore, based on the scenario that a team integrates and tests the stories on the last day of the Iteration which has become a pattern for the last three Iterations.

This is an anti pattern because the team is waterfalling the iteration since the stories are tested on the last day therefore it'll be hard for any adjustments to be made.

7 0
3 years ago
Bill and his wife, Vickie, want to start a company that develops training sessions for corporate clients. They would like to sha
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3 years ago
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________ describes the net present value of the stream of future profits expected over the customer's lifetime purchases.
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Customer lifetime value basically describes the net present value of the stream of future profits expected over the customer's lifetime purchases.

<h3>What is Customer lifetime value?</h3>

Customer lifetime value can likewise be characterized as the financial value of a customer relationship, in light of the current value of the extended future incomes from the customer relationship.

The motivation behind the customer lifetime value metric is to evaluate the monetary value of every customer. Wear Peppers and Martha Rogers are cited as saying, "a few customers are more equivalent than others."

Customer lifetime value varies from customer benefit or CP (the contrast between the incomes and the expenses related with the customer relationship during a predetermined period) in that CP estimates the past.

Therefore it is the Customer lifetime value which denotes the net value for future profits.

Learn more about Customer lifetime values here:

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5 0
2 years ago
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