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prohojiy [21]
3 years ago
12

Crane Company adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $

1120000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Date Inventory at Current Prices Current Price Index December 31, 2020 $1271000 108 December 31, 2021 1417000 126 December 31, 2022 1623000 131 What is the cost of the ending inventory at December 31, 2020 under dollar-value LIFO
Business
1 answer:
guajiro [1.7K]3 years ago
5 0

Answer:

See below

Explanation:

Crane corporation

Ending inventory

2019 $1,120,000

2020 $1,271,000/1.08 = $1,176,852

Ending inventory [$1,120,000+ (1,176,852 - $1,120,000)× 1.08]

= [$1,120,000 + $61,400]

= $1,181,400

2021 $1,417,000/1.26 = $1,124,603

2022 $1,623,000/1.31 = $1,238,931

Ending inventory [$1,124,603 + ($114,328 × 1.31)]

= $1,124,603 + $149,770

= $1,274,373

Therefore, the cost of the ending inventory at December 31, 2020 under dollar value LIFO would be $1,274,373

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Answer:

The answer is 15%

Explanation:

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Po is the price of the share at the beginning of the year

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Po is $100

And Dividend is 5%

($110 - $100) / $100 + 5 %

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The total return will you have earned over the year for the purchase of a share of SPCC is 15%

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3 years ago
The FabulousHI Company expects a constant growth in earnings and dividends of 2.5%/year into the foreseeable future. It is expec
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7 0
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The annual percentage yield (apy) is the
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Answer:

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Explanation:

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Shane should just call the steeplejack.

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