Answer:
Instructios are listed below
Explanation:
Giving the following information:
Assume Pinkie started the year with 100 containers of ink (average cost of $ 9.10 each, FIFO cost of $ 8.60 each, LIFO cost of $ 8.00 each).
During the year, the company purchased 800 containers of ink at $10.00 and sold 600 units for $21.75 each. Pinkie paid operating expenses throughout the year, a total of $ 5,000.
FIFO:
Sales= 600*21.75= 13,050
COGS= (100*8.60 + 500*10)= 5860
Gross profit= 7190
Operating expense= 5000
Net operating profit= $2,190
LIFO:
Sales= 13,050
COGS= (600*10)= 6000
Gross profit= 7,050
Operating expense= 5000
Net operating profit= $2,050
Average-cost
Sales= 13,050
COGS= [(9.10+10)/2]*600= 5730
Gross profit= 7,320
Operating expense= 5000
Net operating profit= $2,320
Answer:
CALCULATE EXPENSES
Your first order of business is finding out exactly how much you’re spending each month. Do this by consulting your bank statements, receipts and financial files. Because some expenses are intermittent, such as insurance payments, you’ll get the most accurate financial picture if you calculate an average for six months to a year. Add up everything you spent for the last six to 12 months and then divide by the amount of months, which will give you your average monthly expenses.
Remember that being thorough when you add up expenses is important in creating a realistic budget. A forgotten bill really throws a wrench into your savings plan. When calculating your expenses, also factor in unexpected bills, such as unplanned car repairs. A good rule of thumb is to add an extra 10 percent to 15 percent. So if you’ve determined that you spend $1,500 a month, add $150 to $225.
Answer:
the issue price is $88 per share
Explanation:
The computation of the issue price is shown below:
= (Common stock + paid in capital) ÷ (Number of common shares issued)
= ($3,600,000 + $36,000,000) ÷ 450,000 shares
= $39,600,000 ÷ 450,000 shares
= $88 per share
Hence, the issue price is $88 per share
What Jacob will have is a lose ended lease. It is because
the close ended lease has been provided to him because he needs to surrender or
to turn in his car, specifically the SUV, which is at the end of the term of
the lease.
True. With competition in a market, firms have to compete to stay ahead of the others
