Answer: Option (C) is correct.
Explanation:
Total current assets = $658,000
Current Assets = total current assets - purchased equipment - salaries paid + Borrowings
= $658,000 - $2000 - $560 + $80000
= $735,440
Total current liabilities = $365,000
Working Capital of James as on December 31, 2013:
= Current Assets - Current Liabilities
= $735,440 - $365,000
= $370,440
Answer:
Increase by $97,650
Explanation:
Increment Sale $247,500
(450 * $550)
<u>Less Increment cost</u>
Direct materials $90,000
(450 * $200)
Direct labor $36,000
(450 * $80)
Manufacturing overhead $20,250
(450 * $150 * 30%)
Administrative expenses <u>$3,600</u> <u>$149,850</u>
(450 * $80 * 10%)
Profit will increase by <u>$97,650</u>
Since there are no indicated phrases that are underlined, I had to choose which sentence contains the perfect participle phrase and that would be sentence 2: Having determined a need to offer opportunities for sports and leisure activities, the city created several recreation areas. The perfect participle phrase in this sentence is this: Having determined a need to offer opportunities for sports and leisure activities.
Answer:
LIFO Periodic method
Explanation:
The LIFO means Last In First Out this means that item that have been stocked today would be sold first although there’s still some inventory from previous periods.
Using LIFO would result in lower ending inventory because closing inventory would be valued at low price which they had been bought assuming that there’s now a hick in price and goods in the warehouse were stocked when prices were low.
LIFO is used for the manipulation of profit.
Answer:
To save the Earth without polluting it. Going eco-friendly
Explanation:
At least that's what I think.
