All categories

3 years ago

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

Advantage of

Allushta [10]

Market penetration- quick diffusion and adoption of your product in the marketplace, incentives to be efficient, discouragement of competition and creation of goodwill

proud to development- keeping pace, seizing opportunities, providing opportunities and being newsworthy

market development- gaining new customers, increased revenue and company growth

diversification- minimizing risk of loss, preserving capital and generating returns

3 0

3 years ago

An outside supplier offers to provide Factor with all the units it needs at $44.45 per unit. If Factor buys from the supplier, t

Anvisha [2.4K]

Answer:

Factor must opt to agree as well as purchase the deal from the provider. A further explanation is provided below.

Explanation:

The given problem seems to be incomplete. Find the attachment of the complete question below.

Given:

Direct material,

= $8.70

Direct labor,

= 24.70

Overhead,

= 43.50

Now,

If the offer is accepted, the cost per unit will be:

= $44.45 + (43.50\times 70 \ percentage)$

= $44.45 + 30.45$

= $74.90$ ($)

Thus the above is the correct answer.

6 0

2 years ago

Suppose you purchase five put contracts on Testaburger Co. The strike price is $45, and the premium is $3. If, at expiration, th

andriy [413]

Answer:

3000

1500

Explanation:

For each of the answers in this question I have added the formulas to solve them in the attachment below

(45-39)*5*100

= 3000

(45-39)-3 x5 x100

= $1500

7 0

2 years ago

When paying your bills, it is most financially beneficial to make larger payments to:___________.

gulaghasi [49]

Answer:

to those outstanding payments which have highest interest rates.

Explanation:

If we pay and settle more outstanding bills now which have high interest rates it will save us from interest which will be charged in future for delayed payment as it will by multiplied by number of days or months for which it has been delayed.

So if we are not paying high interest outstanding bills it will cost us more in future by high interest amount added to the bill amount.

8 0

2 years ago

Your company buys a car, and its value goes down over time. What is that process called?

kozerog [31]

The correct answer would be B. Depreciation

4 0

3 years ago

Read 2 more answers