Answer:
d
Explanation:
LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.
If the LIFO method is used, the goods sold would be the more expensive ones while the ending inventory would consist of older inventories that are cheaper
For example, the following inventory were bought :
Jan 1 5 units of metals at $200
Jan 2 5 units of metals at $250
5 units are sold
If the LIFO method is used, the ending inventory would be the 5 units of metals purchased in jan 1 at $200
Answer:
c) A Special Warranty Deed
Explanation:
First, the multiple options for the question
a)A quitclaim deed
b) A sheriff's deed
c) A special warranty deed
d) A partition deed
Warranty deeds are documents used mostly in the sales of real estate properties either commercial or residential. It is most useful when the transfer or sale of property is done between parties that are not familiar with one another. The two types of warranty deeds are General Warranty Deed and the Special Warranty Deed. The coverage guaranteed is the difference between the two types of warranty deeds.
In using a special warranty deed, the seller who is also the grantor of the warrant, only guarantees against issues, damages and defects that occur during the grantor's physical ownership of the property. This type of warrant does not make assurances or guarantees for defects in title on the proprty and defects that occured before ownership of the property. It is also called grant deed or covenant deed.
General Warranty on the other hand covers all issues, damages and defects on the sold property.
Since, the person only wishes to convey all interests without warrants on liens, encumrances and any other title defect, the deed is the Special Warranty Deed
Answer:
Option to expand
Explanation:
Pay attention to this part of this excerpt:
<em>" Sales arising from this project are significantly less than anticipated"</em>
Where sales is lower than exception, one thing that company can do is to try different ways to increase the target market for their products. This is what referred to as Option to expand.
In order to do this, they can try different things:
- They can increase the number of productions and spread their products to different location.
- They can make adjustment to their products so it appeals to different type of customers,
etc.
Answer:
$2,100,000
Explanation:
Given:
Profit generated = $100,000
Profit growth rate = 5% per year
Discount rate = 10% per year
Now,
The present value of the future profit can be calculated using the formula as:
Present value =
or
Present value =
or
Present value = $2,100,000
The present value of all the shop's future profits will be $2,100,000
Answer:
$21,578.77
Explanation:
For computing the amount after 6 years we have to determine the future value i.e to be shown in the attachment below:
Given that,
Present value = $0
Rate of interest = 4% ÷ 4 quarters = 1%
NPER = 6 years × 4 quarters = 24 quarters
PMT = $800
The formula is shown below:
= FV(Rate;NPER;PMT;PV;type)
After applying the above formula, the future value is $21,578.77