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Deffense [45]
3 years ago
7

During year 3, Orca Corp. decided to change from the FIFO method of inventory valuation to the weighted-average method. Inventor

y balances under each method were as follows: FIFO Weighted-average January 1, year 3 $71,000 $77,000 December 31, year 3 $79,000 $83,000 Orca's income tax rate is 30%. In its year 3 financial statements, what amount should Orca report as the gain or loss on the cumulative effect of this accounting change
Business
1 answer:
enyata [817]3 years ago
7 0

Answer:

$0

Explanation:

Since the inventory method changes that means there is no cumulative effect treatment to be done on the income statement. Rather this, the change in the accounting is mentioned, so the retrospective application to the early period would be presented

So neither there would be gain nor loss for this change in the accounting

Hence, the answer should be zero

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How have airplanes changed the way the world does business? choose four answers
Rama09 [41]

Airplanes changed the way the world does business by decreasing the cost of long-distance travel and improving the speed with which it may be completed. This is further explained below.

<h3>What are Airplanes?</h3>

Generally, is simply defined as an airplane, a motorized aircraft with fixed wings that displaces more air than it weighs.

In conclusion, new trade and employment possibilities can be accessed with little disruption to existing business operations.

Read more about Airplanes

brainly.com/question/17247837

#SPJ12

3 0
2 years ago
Two mutually exclusive investment opportunities require an initial investment of $7 million. Investment A pays $1.5 million per
Nataly_w [17]

Answer:The cost of capital that will make both investments equal is 17.045%

Explanation:

Investment A

$1.5 million will be received in perpetuity we can there use perpetuity formula to Value investment A.

Value of Investment A = 1500 000/r

Investment B

$1.2 Million will be received in Investment B with a growth rate of 3% will then use Gordon's growth rate model to value investment B.

Value of investment B = (1200 000 x (1+0.03))/(r - 0.03)

Value of investment B = 1236000/(r - 0.03)

1500 000/r = 1236000/(r - 0.03)

1236000(r) = 1500000(r - 0.03)

(r - 0.03) = 1236000( r)/1500000

r - 0.03 = 0.824r

r - 0.824r = 0.03 = 0.176r = 0.03

r = 0.03/0.176 = 0.170454545

R = 17.045%

The cost of capital that will make both investments to be equal is 17.045%

4 0
3 years ago
A project professional has just been assigned manager of a project to develop a new advertising campaign for an established prod
german

Answer:

<u>Establish project priorities</u>

Explanation:

<em>Remember</em>, we are told the project professional has been assigned to manage a project, therefore going by the guiding steps when defining a project, the next and second step he should take is to establish project priorities.

In other words, he should draft out what tasks should be done first, those for later, and so forth in other to successfully achieve/finish the project's objective.

4 0
3 years ago
Last year mike bought 100 shares of dallas corporation common stock for $53 per share. during the year he received dividends of
Pepsi [2]
Mike brought 100 shares costing $53 each.
Total costs of shares= 100*53
=$5300

He got dividends of $1.45 per share. A dividend is money that is earnt back from a share.
Total dividend amount = 1.45*100
=$145

I'm assuming that Mike sold his shares at the end of the year. He sells for $60 each.
Total sales amount=60*100
=$6000

The rate of return in this instance can be defined as the amount of money made back from a share.

Rate of return= total earnings/ costs

Total costs= $5300
Total earnings=$6145

6145/5300=1.1594
=15.9%

Hope this helps! :)
4 0
3 years ago
Wegmans' excellent ________ far exceeds customer expectations, especially for a grocery store chain.
Jobisdone [24]
Produce??

Fresh meat?
3 0
3 years ago
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