We can record a capital expenditure using the debit asset
Answer:
C. forming, storming, norming, performing, and adjourning
Explanation:
Forming stage covers period of orientation.
storming involves the most difficult stage in which individual ambition comes to the fore.
norming : sense of cohesion and unity emerge
performing : team focuses on performance.
adjourning : It involves documentation of operation.
Answer:
True
Explanation:
The right to private property is a natural right, but that right is of the negative type, that means that the right ends when it affects the rights of other people.
If you own private property, but the use of your private property is damaging the property of others, then, you have to change the way you are using it until the damages no more the other person's property.
If for example you own a house, and play loud music every night, your are infringing your neighbors right to sleep inside their private property (their houses), therefore, you must stop playing the loud music so that you do not damange your neighbors property anymore.
Answer:
$2.51 per unit
Explanation:
The computation of the cost per equivalent unit is shown below:
But before that the equivalent units is to be computed
Equivalent units = units completed + equivalents units in ending inventory
= 8,400 units + (13,200 units × 42%)
= 13,944 units
Now
Cost per equivalent unit = cost incurred ÷ equivalent units
= $34,980 ÷ 13,944 units
= $2.51 per unit
Answer:
cost of goods sold is $197,800
ending inventory is $55,000
Explanation:
LIFO System is an Inventory Management Method that sells the Recent Inventory Acquired First followed by older Inventory.
<u><em>Cost of Goods Sold</em></u>
March 14 = (1,380×$62) = $85,560
August 31 = (1,130×$80) = $90,400
= (70×$62) = $ 4,340
= (350×$50) = $ 17,500
Total = $197,800
<em><u>Closing Inventory</u></em>
(1,100×$50) = $55,000
