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Phoenix [80]
2 years ago
13

assuming that prices rise over time, which inventory cost flow assumption will result in the lowest ending inventory?

Business
1 answer:
Nadya [2.5K]2 years ago
8 0

Answer: LIFO

Explanation:

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3 years ago
Savannah, CEO of SmartServe, encourages employees to discuss management issues with the her and to work together to resolve thos
statuscvo [17]

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The correct answers are

Explanation:

6 0
2 years ago
Prepare the adjusting entry to record bad debts under each separate assumption.
disa [49]

The preparation of the adjusting entries to record bad debts for Hawke Company under each separate assumption are as follows:

A) Bad Debts $169,790 Allowance for Doubtful Accounts $169,790

B) Bad Debts $189,173 Allowance for Doubtful Accounts $189,173

C) Bad Debts $102,935 Allowance for Doubtful Accounts $102,935

<h3>Data and Calculations:</h3>

A) Allowance for doubtful accounts = $142,320 ($3,558,000 x 4%)

Bad Debts Expense = $169,790 ($142,320 + $27,470)

B) Allowance for doubtful accounts = $161,703 ($3,558,000+ $1,832,100 x 3%)

Bad Debts Expense = $189,173 ($161,703 + $27,470)

C) Allowance for doubtful accounts = $75,465 ($1,078,074 x 7%)

Bad Debts Expense = $102,935 ($75,465 + $27,470)

<h3>Question Completion:</h3>

On December 31, Hawke Company reports the following results for its calendar year.      Cash sales        Credit sales

                             $1,832 100         $3,558,000

In addition, its unadjusted trial balance includes the following items. Accounts receivable $1.078.074 debit

Allowance for doubtful accounts $27,470 debit.

Learn more about allowances for doubtful accounts at brainly.com/question/26498002

3 0
2 years ago
Which gramm-leach-bliley act rule requires federal bank regulatory agencies, the sec, and the ftc to issue security standards fo
KatRina [158]
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5 0
2 years ago
After buying 200 shares of common stock in Epic Electronics for $20 per share, Rashad later sold the same shares for $25 per sha
Ostrovityanka [42]

Answer:

$1,000

Explanation:

Given that,

Number of shares purchased = 200 shares

Purchased cost per share = $20

Selling price for the same number shares = $25

Capital gain on the total transaction:

= Sales revenue - Total cost

= (Number of shares sold × Selling price per share) - (Number of shares purchased × Cost per share)

= (200 shares × $25) - (200 shares × $20)

= $5,000 - $4,000

= $1,000

Therefore, the capital gain of the Rashad on the total transaction is $1,000.

7 0
2 years ago
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