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shepuryov [24]
3 years ago
5

BPS reported the following data for its first year of operations: Sales Revenue $8,000 Cost of Goods Available for Sale 6,200 Op

erating Expenses 900 Sales Returns & Allowances 640 Sales Discounts Ending Merchandise Inventory: If LIFO is used 820 If FIFO is used 128 925 What is the company's net income if LIFO is elected? A. None of the other 4 answer choices provided are correct. B. $132 C. $1,057 D. $952 E. $1,720
Business
1 answer:
Fittoniya [83]3 years ago
5 0

Answer:

D. $952

Explanation:

The computation of the net income in the case when the LIFO is elected

Particulars AMount

Net sales    $7,232   ($8,000 - $640 - $128)

less : cost of goods sold ($6,200 - $820) $5,380

Gross Profit $1,852

Less: Operating Expenses   $900

Income before taxes $952

less: Income tax $0

Net income $952

Hence, the net income is $952

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a system has two processes and three identical resources. each process needs a maximum of two resources. is deadlock possible? e
Naddik [55]

A system has two processes and three identical resources. each process needs a maximum of two resources.---<u> Deadlock is not possible</u>.

<h3>What's deadlock explain?</h3>

A deadlock is a situation in which two computer programs participating the same resource are effectively precluding each other from penetrating the resource, performing in both programs ending to serve. The foremost computer operating systems ran only one program at a time.

<h3>What happens in deadlock?</h3>

Deadlock is a situation where a set of processes are blocked because each process is holding a resource and staying for another resource acquired by some other process

Learn more about deadlock:

brainly.com/question/25541016

#SPJ4

5 0
1 year ago
the butler county tax assessor determines that the market value of greg wilsons home is $123000. the rate of assessment in butle
MrRa [10]
In this case, the assessed value is 28% from the market value. So, we need to get 28% from $123,000.

Expressed in figures, we have;
*$123,000 x 0.28 = $34,440.

The assessed value of Greg's home is $34,440, which is 28% of $123,000.
7 0
3 years ago
Thirst, a beverage manufacturer, markets its products using the same strategy worldwide. However, the ethnicity contained in the
Umnica [9.8K]

Answer:

Glocalisation

Explanation:

Thirst, a beverage manufacturer is involved in glocalisation by marketing its products using the same strategy globally. However, the ethnicity contained in their ads and the music used in jingles change according to the place. This is to say that they make use of ads which is particular to a specific location taking their culture and language into consideration.

The term "glocalization" was coined by sociologist Roland Robertson in the Harvard Business Review, in 1980.

Glocalization is a combination of the words "globalization" and "localization".

Glocalization is used to describe the ability of a product or service that is developed and distributed worldwide to adjust and accommodate the consumer in a local market.

Consumers in the local market have different taste and preference. Glocalisation is the ability of a product sold globally to fit into the local market at different places. It is an expensive process but firms usually make more benefits from practicing glocalisation.

3 0
3 years ago
Suppose your firm receives a $ 3.2 million order on the last day of the year. You fill the order with $ 1.7 million worth of inv
AURORKA [14]

Answer & Explanation:

<u>a.- Revenues: </u>Increase for 3.2 millions

It will be recognize for the entire order, as it was deliveried entirely within the accounting period.

<u>b.- Earnings: </u> Increase for 1.5 millions

The earnings for the business will be the net between the revenues and expenses.

3.2 revenues - 1.7 expenses = 1.5 earnings

<u>c.- Receivables: </u> Increase for 1.8 millions

It will increase for the unpaid portion ofthe order.

<u>d.- Inventory</u> Decrease for 1.7 millions

It will decrease for the entire cost of the order, as it was within this accounting period both, revenues and the expense related to it, will be recognize.

<u>e.- Cash:</u> Increase for 1.4 millions

It will increase for the amount received from the customer. As it was no payment from the business in the transaction.

5 0
3 years ago
Christina purchased 500 shares of stock at a price of $62.30 a share and sold the shares for $64.25 each. She also received $738
Gnesinka [82]

Answer:

1.60 percent

Explanation:

exact real rate of return on this investment = interest rate - inflation rate

total revenue gotten by Christina = ( 500 × $ 64.25) + $ 738 = $ 32863

total money invested = 500 × $ 62.30 = $ 31150

her profit =  $ 32863 - $ 31150  = $ 1713

interest =  $ 1713 / $ 31150 = 0.054992 × 100 = 5.4992 %

exact interest rate = 5.4992 %  - 3.9% = 1.5992 approx 1.60 percent

6 0
3 years ago
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