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ludmilkaskok [199]
3 years ago
14

In year 2, Rocco changes its inventory method from the weighted-average to the FIFO method. If FIFO would have been used in year

1, cost of goods sold would be $20,000 lower. Rocco has an effective tax rate of 21%. What is the after-tax effect on retained earnings for year 1 for the change in accounting method?
Business
1 answer:
nadezda [96]3 years ago
4 0

Answer: I Don't Know sorry

Explanation:

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Sanford Corp. bought new technological systems to inspect the quality of products as they come off the production line. The expe
Lisa [10]

Answer: b. Appraisal cost

Explanation: Appraisal cost, also known as inspection costs, are those costs incurred by a company, as part of the quality control process, to detect defective products before the products are moved to the market, in order to meet consumers' expectations.

This is done because the losses that will be made when defective products are sold, outweigh the appraisal costs.

Therefore, Sanford Corp. has incurred  appraisal cost in buying the new technological systems, knowing that if the quality of the Company's products is not up to consumer standards, the losses that will be incurred will surpass that of the appraisal cost.

4 0
4 years ago
At the beginning of the current period, crane company had balances in accounts receivable of $192,800 and in allowance for doubt
Ainat [17]

This is too confusing

6 0
3 years ago
which of the following is a benefit that computer technology has provided to the realm of financial administration?
frutty [35]

Answer:

Whats the answer

Explanation:

7 0
4 years ago
One year ago, you purchased a 7 percent coupon bond with a face value of $1,000 when it was selling for 102.5 percent of par. To
cestrela7 [59]

Answer:

Total Dollar return on Investment = $85

Explanation:

Coupon rate = 7%

Coupon Payment ($1,000×7%) = $70

Selling Price of the bond ($1,000×102.5)  = $1025

Today’s selling price of the bond ($1,000×104%) =$1,040

$1,040 - $1025 + $70 = $85

Total Dollar return on Investment = $85

7 0
3 years ago
A local pizzeria sells 500 large pepperoni pizzas per week at a price of $20 each. Suppose the owner of the pizzeria tells you t
n200080 [17]

Answer:

He will sell 600 pizzas per week if he cuts the price by 10%.

Explanation:

Price Elasticity of demand measure the responsiveness of demand to change in the price of a product. It calculates the ratio of change in demand and change in price.

Price elasticity of demand = % change in demand / % change in price

-2 = % change in demand / 10%

% Change in in demand = -2 x 10%

% Change in in demand = -20%

Following the law of demand as price decreases the demand of the product increases. So the sale of Pizzas will be increased by 20%.

Current Sale of Pizzas = 500 pizzas

Increase in sales  = 500 x 20% = 100 pizzas

Increased sale = 500 + 100 = 600 pizzas

7 0
3 years ago
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