Answer:
In the employment history section of a résumé,
how the information should be organized is:
-list the most recent job first
Explanation:
The above list is the preferred method of listing jobs in the employment history section of a resume. Following this are jobs performed preciously. The essence is to present the most recent jobs so that a candidate's qualification can be assessed for employment using relevant information and the candidate's recent job experiences. The job history section should list accomplishments which address the job requirements and not job descriptions. This makes the resume to become effective as a tool for landing a new job.
Answer:
a. Gross Profit = $200 and Ending Inventory = $280
b. Gross Profit = $160 and Ending Inventory = $220
c. Gross Profit = $180 and Ending Inventory = $240
Explanation:
<u>FIFO</u>
FIFO method assumes that the first goods received by the business will be the first ones to be delivered to the final customer.
<u>Gross Profit</u>
Sales ( 1 × $300) $300
Less Cost of Sales ( 1 × $100) ($100)
Gross Profit $200
Inventory = Units left × earliest price
= 2 × $140
= $280
<u>LIFO</u>
LIFO method assumes that the last goods purchased are the first ones to be issued to the final customer.
<u>Gross Profit</u>
Sales ( 1 × $300) $300
Less Cost of Sales ( 1 × $140) ($140)
Gross Profit $160
Inventory : (1 × $100 + 1 × $120) = $220
<u>Weighted Average Cost (AVCO)</u>
The average cost of goods held is recalculated each time a new delivery of goods is received . Issues are then priced at this weighted average cost.
<u>Gross Profit</u>
Sales ( 1 × $300) $300
Less Cost of Sales ( 1 × $120) ($120)
Gross Profit $180
Inventory = Units left × average price
= 2 × $120
= $240
Answer:
$35,000
Explanation:
Since this is an operating lease (short lease term, no transfer of ownership, and low present value of lease payments), the lessor has to record a depreciation expense, but the lessee only considers lease payments as operating costs (no depreciation expense or lease liability should be recognized).
Depreciation expense per year under the straight line method = asset cost / useful life = $280,000 / 8 years = $35,000
Answer: Produce less.
Explanation:
Given that,
Price = $65
Marginal revenue = $35
Average total cost = $35
Marginal cost = $50
From the information given, it was observed that marginal revenue is not equal to marginal cost. The profit maximizing condition for a monopolist is at a point where marginal revenue is equal to the marginal cost.
But here marginal cost is greater than the marginal revenue. So, the monopoly firm should produce less output in order to reduce the marginal cost.
Answer:
The correct answer is Variable Cost.
Explanation:
As its name implies, the variable cost is the one that undergoes constant changes as a consequence of the production process itself, represented in the behavior of demand. Its increase is directly related to the production of more raw material, which can happen at certain times. Otherwise, due to external conditions, decreases occur in order to serve the market effectively.