Answer:
C. $61,470
Explanation:
The LIFO method operates under the assumption that the last item of inventory purchased is the first one sold. The cost of goods sold (for the 900 units sold) for the month will be computed as follows:
270 units sold at a unit cost of $70 (270 X 70) = $18,900
540 units sold at a unit cost of $68 (540 x 68) = $36,720
90 units (900 - 270- 540) sold at a unit cost of $65 (90 X 65) = $5,850
Total cost of goods sold ($18,900 + $36,720 + $ 5,850) = $61,470
Answer:
Hello!!
Explanation:
1. Budgeting Helps You Control Your Spending
2. Budgeting Keeps You On Track For Your Financial Goals
3. Budgeting Can Help Your Marriage
4. Budgeting Helps You Find Financial Contentment
5. Budgeting Keeps You From Feeling Financially Overwhelmed
Answer:
see below
Explanation:
Revenue is the money a business receives by engaging in its normal trading activities. It is the money paid to the business for selling goods or services to clients. For a business to be profitable, its revenues must exceed expenses.
If the business owner has revenue of $2000 and is finding it difficult to stay in business, it means the expenses are almost or more than $2000. Revenue, as stated, is generated from sales. Expenses refer to the costs incurred in generating revenue. They include the cost of materials, rent, wages, and all other business-related expenses.
When the expenses are more than revenue, the business suffers losses. This business owner is probably incurring losses; that's why they have a challenge in staying open.