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3 years ago

QV-TV, Inc. provided the following items in its notes to the financial statements for the year-end 2019:

Business

1 answer:

Stolb23 [73]3 years ago

5 0

Answer:

the LIFO inventory value at 2014 year end is $1.3 billion

Explanation:

The calculation of the LIFO inventory value at 2014 year end is as follows

LIFO inventory value at year-end 2014 is

= FIFO inventory - LIFO reserve

= $2.1 billion - $0.8 billion

= $1.3 billion

Therefore, the LIFO inventory value at 2014 year end is $1.3 billion

The same is to be calculated by applying the given formula

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MArishka [77]

Answer:

You should add an identical hard drive, and configure a RAID-0 volume.

Explanation:

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3 years ago

Indicate how much money will be paid to the creditor associated with each debt.

riadik2000 [5.3K]

There is not enough information to have a significant answer

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3 years ago

Name the non-partisan organization that has set the rules for U.S. presidential and

Oksi-84 [34.3K]

Answer:

The non-partisan organization that has set the rules for U.S. presidential and vice presidential debates since 1987 is discussed below in details.

Explanation:

A non-partisan system is an arrangement of administration or organizations such that general and intermittent elections take place without relating to political parties. there are two types of Non-partisan organizations: De facto and De jure.

The commission of presidential debates was organized in the year 1987 to assure that the debates, as a constant part of every general election. The commission of presidential debate advocate and present debates for the United States presidential and vice-presidential candidate.

6 0

3 years ago

At the end of the year, Sheffield Co. has pretax financial income of $616,000. Included in the $616,000 is $78,400 interest inco

SVEN [57.7K]

Answer:

$173,820

Explanation:

pretax financial income $616,000

- interest income on municipal bonds ($78,400)

+ depreciation ($67,200 - $50,400) = $16,800

+ fine for dumping hazardous materials $25,000

taxable income = $579,400

income taxes payable = $579,400 x 30% = $173,820

Fines are not tax deductible, and since depreciation for tax purposes is lower than accounting depreciation, you must add them. But since municipal bonds are not taxable, they must be subtracted.

3 0

2 years ago

he following labor standards have been established for a particular product: Standard labor-hours per unit of output 9.0 hours S

Arisa [49]

Answer:

Direct labor rate variance= $2,430 favorable.

Explanation:

Giving the following information:

Standard labor rate $ 15.10 per hour

Actual hours worked 8,100 hours

Actual total labor cost $ 119,880

To calculate the direct labor rate variance, we need to use the following formula:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Actual rate= 119,880/8,100= $14.8

Direct labor rate variance= (15.1 - 14.8)*8,100= $2,430 favorable.

<u>It is favorable because the actual rate for direct labor was lower than the estimated rate.</u>

4 0

3 years ago