Answer:
a) under FIFO
COGS = $461
ending inventory = $120
b) under LIFO
COGS = $491
ending inventory = $90
Explanation:
inventory:
March 3 Inventory 12 units at $15
March 11 Purchase 13 units at $17
March 14 Sale 18 units
March 21 Purchase 9 units at $20
March 25 Sale 10 units
under FIFO COGS:
March 14
Dr Cost of goods sold 282
Cr Merchandise inventory 282
March 25
Dr Cost of goods sold 179
Cr Merchandise inventory 179
under LIFO COGS:
March 14
Dr Cost of goods sold 296
Cr Merchandise inventory 296
March 25
Dr Cost of goods sold 195
Cr Merchandise inventory 195
Answer:
A. Disposable income
B. Marginal Propensity to Consume
C. Change in Disposable Income by the Marginal Propensity to Consume.
Explanation:
The consumption will increase by $800
Explanation:
The consumption function shows the relationship between consumption spending and disposable income.
The slope of the consumption function is the marginal propensity to consume.
Changes in consumption can be predicted by multiplying the change in disposable income by the marginal propensity to consume.
GIVEN that: MPC = 0.60
Disposable income increases by $1,500
consumption increase = 0.60*$1500
= $900
Therefore, The consumption will increase by $900.
Answer:
the company stipulated that all communication be in the upward or downward mode only to ensure clarity and control.
Explanation:
even though Briony's team consist of members who gives a lot of positive synergy while working together is not a concrete reason forthe delay in team's submission and also, even if Briony and Benedict had teams comprised of equal members and were allocated company resources in equitable manner is still not a reasonablle explantion for delay in Briony's project submission. even if the companylayed a ground rule that all communication be in the upward or downward mode is a reasonable fact or explaination to the delay in Briony's project submission due to the the fact that Gehring servichas a plicy of strict adherance to formal vertical structure for all communications, it has become inefficient. Lateral communication occurring with management's knowledge and support can be beneficial in such a situation. The reason that Briony had a good track record with clients who trusted her to do a good job is not a concrete or valid reason/explantion to the delay in her project submission. The reason the management permit Briony's team an extension to complete the project is a consequence of the delay.
CRM software is designed to help business meet overall goals of customer relationship management. However this software is sometimes used to manage business contacts, clients, and contract wins and sales leads.
Answer: LAND 3.227,680
BUILDING 806,920
LAND IMPROVEM 134,000
Explanation:
Land 4 0.8 $ 3.227,680
Building 1 0.2 $ 806,920
5 $ 4.034,600
Land Improvement
Parking Lot $ 88,000
Lanscaping $ 46,000
Total $ 134,000
Computation Of Cost Of Land And Building
Purchase Price $ 4.000,000
Add:
Title Insurance Cost $ 22,000
Legal Fees $ 8,000
State Transfer Fees $ 4,600
Demolition of old building $ 310,000
Land Clearing Expenses $ 85,000
Less: Salvage Material $ -9,000
Total Cost Of Land $ 4.420,600