Answer:
$22.2 billion
Explanation:
Calculation to determine How much would they report as LIFO cost of goods sold
Cost of goods sold=$22 billion + ($0.8 billion $0.6 billion)
Cost of goods sold=$22 billion + $0.2 billion
Cost of goods sold= $22.2 billion
Therefore How much would they report as LIFO cost of goods sold would be $22.2 billion
I do not agree with the given statement that is "Only variable costs can be differential costs.".
The difference in the costs of two alternative decisions is referred to as differential cost.
When a company is faced with several similar options, it must make a decision by selecting one and discarding the other.
Variable costs in cost accounting are costs that vary according to how much a company produces.
Variable costs are typically proportional to output.
As a result, the cost difference between two alternatives, rather than the fixed and variable nature of costs, is relevant for decision-making.
Hence, I disagree with the statement given in the question.
Learn more about variable cost:
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Answer:
$582,100
Explanation:
Cost of land $570,000
Less;Salvage parts sold ($23,000)
Demolition of old building $33,000
Land preparation and leveling $2,100
Total cost of land $582,100
The ground breaking ceremony expenses are not capital expenditures therefore ignored in above working.
Answer:
d. 3.85 trillion
Explanation:
Step 1: Given data
GDP = GDP grew by = 4% = 0.04
R = inflation rate was = 2.5% = 0.025
D = government budget deficit was = $250 billion
Step 2: Formula
X = debt at the start of last year
X = D / (GDP + R)
Step 3: Computation
X = 250 billion / (0.04 + 0.025)
X = 250,000,000,000 / 0.065
X = 3,846,153,846,153.85
Step 4: Convert to trillion
X = 3,846,153,846,153.85 / 1,000,000,000,000
X = 3.85 trillion
The correct option is d. 3.85 trillion
Hope this helps!
