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ludmilkaskok [199]
2 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]2 years ago
4 0

Answer: I Don't Know sorry

Explanation:

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Which of the following about writing and revising business documents is most accurate? a. Experienced business writers rarely ne
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C. Revising is always required or at least advised
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2 years ago
Kay, an art collector, promised Hammer, an art student, that if Hammer could obtain certain rare artifacts within 2 weeks, Kay w
IRINA_888 [86]

Answer:

Hammer would prevail against Kay based on:_______.

A. Unilateral contract.

Explanation:

A unilateral contract is a contract created by an offer that can only be accepted by performance. To form the contract, the party making the offer (called the “offeror”) makes a promise in exchange for the act of performance by the other party.

in relation to the case in the contract, Hammer had carried out the duties expected of him thus making the contract valid under a unilateral contract.  

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5 0
4 years ago
A stadium incurs a number of costs to accommodate fans. If a stadium pays $16,000 for labor, $55,000 for leasing parking space,
MatroZZZ [7]

Answer:

12. 21 % ; 41.98 % and  45.80 % as below

Explanation:

Total cost for the stadium is

labor $      $16,000

leasing the parking fee   $55,000

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Total cost     $131,000

Percentage per item

1. labor = 16000/131000 x 100

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2.leasing parking space= 55000/131000 x 100

     =41. 98 percent

3.Parking space= 60,000/131000x100

   =45.80 percent

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3 years ago
The information needed to make the journal entries to record the wages and salaries expense comes from
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The answer is The Payroll Register.
5 0
3 years ago
Read 2 more answers
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