1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
inessss [21]
3 years ago
14

Opera Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows:

Business
1 answer:
Mandarinka [93]3 years ago
4 0

Answer:

(A) $390,000

Explanation:

Under LIFO method as the name suggests "Last In First Out"

the goods purchased in Last that is latest are sold first, that is goods purchased in 2015 will be sold first, therefore in the given case at the end of 2014 using LIFO we have,

Balance = $390,000

Because balance of goods purchased in 2014 i.e. $756,000 is sold first in 2014 remaining inventory at year end will be of 2013

Correct option is

(A) $390,000

You might be interested in
When companies try to entice customers to make purchases by offering special incentives or excitement-building programs, includi
stealth61 [152]

Answer:

<em>Sales Promotion</em>

Explanation:

The method of order to persuade a potential client to purchase the product is sales promotion.

Sales promotion is meant to be used as a short-term tool to boost sales – as a means of creating long-term customer loyalty, it is rarely acceptable.

Many offers for sales are intended for customers.

5 0
3 years ago
A(n) ________ has no barriers to trade among member countries, includes a common external trade policy, and allows factors of pr
EleoNora [17]

Answer:

A common market

Explanation:

A common market has no barriers to trade among member countries, includes a common external trade policy, and allows factors of production to move freely among members.

A monetary union has all the features of a common market and participating countries have a common currency.

I hope my answer helps you.

6 0
2 years ago
1. Take a look at the figure. The bodies of the lamps shown have harmony of
Doss [256]
D) scale
this should be the answer but if not then i don't know your teacher is teaching you haha
8 0
2 years ago
Z best, inc. issued $1,000,000 of common stock for cash. by accident, z best recorded the transaction by increasing cash and dec
kodGreya [7K]

As a result of Z best recording the transaction by increasing cash and decreasing stockholders' equity, the result would be The accounting equation is out of balance, SE is understated, contributed capital is understated,

<h3>What happens when stock is incorrectly recorded?</h3>

When Z Best issued common stock, they should have increased cash and increased stockholders equity.

Because they did not do that, they made the stockholders equity understated and the contributed capital as well. As a result of this, the accounting equation will not balance:

Assets = Equity + Liabilities

The accounting equation will not balance because assets will be more than the sum of equity and liabilities.

Find out more on the accounting equation at brainly.com/question/14236545

#SPJ1

5 0
1 year ago
Can someone help me with my recent question please
Arisa [49]

THE QUESTION:

You have been put in charge of the taxation of the Mars colony. You need to decide how to tax the citizens of the colony.Will you institute a progressive, regressive, or a flat tax on income? Will you institute excise taxes? If yes, what goods and services will you tax and why? Will you institute sales taxes, property taxes, or VAT on goods?

Explanation:

I am not good at these terms, but

I would not use a flat tax, as I know that it would make lot's of people's life harder, from the middle class, to lower class, that might put people in financial struggles. Instead, I would charge different taxes on people, judged on their income. That would help lot's, and would be a good deed. Also, I will also use property taxes, because most of the time, if you didn't have money to spare, you wouldn't spend it on a house, right? I might have sale taxes, which I would say depends on how much I need as a government on MaRs! :|)

6 0
3 years ago
Other questions:
  • Cesar claims he found a definite way to save money, "Buy direct from the manufacturer. Any time intermediaries get involved, you
    7·1 answer
  • You have been asked by management to explain the variances in costs under your inpatient capitated contract. The following data
    10·1 answer
  • The area of accounting that provides managers inside the organization with information they need to make decisions is called:
    8·1 answer
  • Listening is often as important as speaking in a business conversation
    10·1 answer
  • Define the term partnership as a type of business
    11·1 answer
  • 19. Colombia produces coffee with less labor and land than any other country; it therefore surely has Select one: a. an absolute
    12·1 answer
  • Where to get ged certificate if you took test in 2008?
    15·2 answers
  • What is the purpose of a cover letter?
    12·2 answers
  • ABC Company listed the following data for the current year:
    5·1 answer
  • Which answer applies to "fine print"?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!