Answer:
$5,415
Explanation:
Purchases Sales
January: 10 units at $120 6 units at $120
February: 20 units at $125 5 units at $125
May: 15 units at $130 9 units at $130
September: 12 units at $135 8 units at $135
November: 10 units at $140 13 units at $140
On December 31, there were 26 units remaining in ending inventory.
When you use last in, first out (LIFO) method, you calculate cost of goods sold based on the price of the last units purchased.
COGS:
- January: 6 units at $120 = $720
- February: 5 units at $125 = $625
- May: 9 units at $130 = $1,170
- September: 8 units at $135 = $1,080
- November: 13 units at $140 = $1,820
- total $5,415
C) PAC<span>s are formed by interest groups to donate campaign funds and support political candidates.
Political Action Committees are committees organized to donate money for a candidate's campaign. Interest groups usually support certain candidates in return for policies that will benefit the people apart of that interest group. To support the candidate, they form or join PACs in order to donate money to get that candidate elected.</span><span />
Answer:
2.27%
; 61.54%
Explanation:
Given that,
Sales/Total assets = 2.2x
Return on assets (ROA) = 5%
Return on equity (ROE) = 13%
Therefore,
Return on assets = Profit margin × Assets turnover
0.05 = Profit margin × 2.2
Profit margin = 0.05 ÷ 2.2
Profit margin = 0.0227 or 2.27%
Percent of total assets is from equity:
= Return on assets ÷ Return on equity
= 0.05 ÷ 0.13
= 0.3846 or 38.46%
Hence, the debt is as follows:
Debt = Assets - equity
= 1 - 0.3846
= 0.6154 or 61.54%
The rate of inflation is 4.8%.
Given that,
- The CPI of a country in October is given to be 210. In November, the CPI rises to 220.
Based on the above information, the calculation is as follows:
= (220 - 210) ÷( 210)
= 4.8%
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