Answer:
Ending inventory : $868
Explanation:
FIFO (First-In-First-Out) is a method of inventory valuation where the inventory that is received first is sold first. In other words, the earliest inventory is used first. This is common for perishable inventory such as fruits and vegetables which if not used fast, will be wasted.
01/01/21 : Beginning Inventory : 200 units x $5 = $1000
01/15/21 : Purchases : 100 units x $5.3 = $530
01/28/21 : Purchases : 100 units x $5.5 = $550
Total units = 200 + 100 + 100 = 400 units
Units sold = Total inventory available for sale - ending inventory
= 400 - 160 = 240 units.
COGS:
Beginning Inventory : 200 units x $5 = $1000
Purchases : 40 units x $5.3 = $212
Cost of goods sold : $1000 + $212 = $1212
Ending inventory:
Purchases : (100 - 40) units x $5.3 = $318
Purchases : 100 units x $5.5 = $550
Ending inventory : $318 + $550 = $868
The sorenson’s video for marriott employees exhibited characteristics of commanding leadership style.
Arne Morris Sorenson is an American hotel executive and served as the hotel president and chief executive officer.
- Sorenson's style of leadership entails combination of empathy, personal warmth and iron principle attracted deep admiration throughout the corporate world.
Therefore, the sorenson’s video for marriott employees exhibited characteristics of commanding leadership style.
Read more about commanding leadership
<em>brainly.com/question/3222405</em>
Answer:
The break-even EBIT using EPS is $1,288,000.
Explanation:
the break-even EBIT using EPS is the EBIT that will brings EPS under two different capital structure equal.
Denot X is the EBIT.
* We have:
+ EPS in all-equity firm = X/460,000
+ EPS in levered firm = ( X - interest rate)/230,000 = ( X - 4,600,000 x 14%)/230,000 = (X - 644,000) / 230,000.
* We have the equation:
X/460,000 = (X-644,000)/230,000 <=> X/460,000 = 2.8 <=> X = $1,288,000.
So, the break-even EBIT using EPS is $1,288,000.
It really depends on the highschool, we used to have four classes a day, now we have five, before you needed 24-28 to pass and my junior year i had 22 credits now we went to thee 5x5 and have to get a few more credits
Answer:
The correct answer is (e) None of the choices listed are correct.
Explanation:
Solution
Given that:
1. The Qualified dividend is the dividend taxed at capital gain tax rate and unqualified dividend taxed at individuals normal income tax rate. Therefore qualified dividend and non qualified dividend of $1500 &$500 included in gross taxable income.
2. Earned on US treasurers is exempt at state level but fully taxable at federal level. $1000 received taxable
3. State tax refund; don't report the state tax refund if didn't itemized deductions on federal tax return. Consider $1000 received as state tax refund required to be reported because of itemized deductions.
4. Section 125 of IRC specifies that cafeteria plans are exempt from calculation of gross income for federal taxation. Therefore $5000 cafeteria plan provided by employer is exempt.
5. During the year any state or local taxes paid and property taxes paid are deductible. Therefore $9000 and $3000 deductible subject to maximum $10000 of income tax and mortgage interest is $14000.
Now,
The Income is
The Salary= $200000
Add
The Qualified dividend= $1500
Non-qualified dividend =$500
Income from US treasurer $1000
State tax refund =$1000
Gross income$204000
The Less deductions.
Mortgage interest 14000
Income ans property tax is$10000
Tax able income= $ 180000
Therefore the taxable income is =$180000
