OK THE COMARE IS THAT YOU DONT KNOW AND THE REST IS NOTHING
Answer:
C
Explanation:
To estimate the amount of depletion for the current year?
We need to know the rate of depletion which
$100,000,000/2,500,000 = $40/ton
The amount of depletion for the current year will be
$40/ton x 500,000 tons = $20,000,000
Answer:
LIFO (Last-in-last-out)
Explanation:
Last in last out is the method of inventory valuation where the unit that was added in inventory last would be sold first. In case, of rising prices, the unit added in inventory would cost more than the one added first. So, if LIFO is used in case of rising prices, cost of goods sold would be higher. If COGS is higher, income will fall, thereby reducing tax liability.
So, if the firm wants to pay lower taxes during price rise, it should opt for LIFO method to value inventory.
Answer:
A) $429,000
Explanation:
For computing the cost of goods manufactured for the month, we have to use the formula which is displayed below:
= Sales - Gross profit + ending finished goods inventory - beginning finished good inventory
= $505,000 - $63,000 + $71,000 - $84,000
= $429,000
All items which are mentioned in the question are to be considered in the computation part.
Answer:
The answer options for this question would be the following:
A) Intrafunctional scope
B) Intraoperation scope
C) Interfunctional scope
D) Intercompany scope
The correct answer is B) Intraoperation scope
.
Explanation:
The intraoperative scope seen as an operational strategy, what it seeks is to design and execute a business model within a company, aligning the competencies of operations with new business opportunities through efficient execution.
Excellent management of operational and logistical activities should not focus solely on reducing costs, but should be key to the development of new businesses with higher returns.
