What is the difference between gross pay and net pay?

Perpetual Inventory Using LIFOBeginning inventory, purchases, and sales data for prepaid cell phones for May are as follows:Inve

Ivan

Answer:

Date Purchases Sales

May 1 1,550 units at $44

May 10 720 units at $45

May 12 1,200 units

COGS (720 x $45 = $32,400)

COGS (480 x $44 = $21,120)

TOTAL COGS FOR MAY 12 SALE = $53,520

Inventory after sale 1,070 units at $44

May 20 1,200 units at $48

May 14 830 units

COGS (830 x $48 = $39,840)

TOTAL COGS FOR MAY 14 SALE = $39,840

Inventory after sale 1,070 units at $44

370 units at $48

May 31 1,000 units

COGS (370 x $48 = $17,760)

COGS (630 x $44 = $27,720)

TOTAL COGS FOR MAY 12 SALE = $45,480

Inventory after sale 440 units at $44

Under LIFO (last in, first out), the cost of goods sold is determined using the price of the last units purchased, which means that the most recent (or updated) price is used to calculate COGS.

7 0

3 years ago

Why is the uninoculated control sector relatively unnecessary in this test dnase?

Len [333]

there is typically enough medium that is not cleared to show "no reaction"

7 0

3 years ago

A company's environmental sustainability strategy consists of its deliberate actions to:A. shelter the environmental impacts fro

Rus_ich [418]

Answer:

Operate the business in a manner that promotes the longevity of sustainability effects.

Explanation:

A company's environmental sustainability strategy comprises of different actions that are carried out to maintain an effective environmental management system inorder to ensure that the company increases it's sales and maximises profit. This type of strategy helps to create a long term value for an organization. Examples of practices that companies carry out to ensure a sustainable environment include:

- Recruiting and training employees on different ways to maintain a sustainable environment.

- Creating an effective recycling program.

- Usage of environmental friendly equipments in the organisation.

5 0

3 years ago

Had the government taken over the assets of Global Trading without compensation, and not taken over the assets of any other comp

AlladinOne [14]

Answer: Expropriation

Explanation:

Expropriation means to take possession of a private property for public use.

Expropriation can be defined as the process by which government takes over private owned properties against the wishes of the owners.

Government takes over those properties with the aim of using them to benefit the public. The property owners might be compensated.

The government expropriate private properties sometimes, for infrastructural purpose such as airport, highway and railway.

Expropriated properties are usually taken against the wish of the private owners.

3 0

3 years ago

Accepting a good-quality lot would be a _____.

fredd [130]

Accepting a good-quality lot would be a correct decision.

OPTION B "correct decision" is the right answer according to Acceptance Sampling model.

Utilized in quality assurance, acceptance sampling is a statistical method for measuring the reliability of a product or service. It enables a business to ascertain a batch's quality by randomly sampling from it. The standard of quality for the whole set of products will be assumed to be equal to that of the selected sample.

It is impossible for a corporation to constantly test every single one of its goods. It's possible there are too many to inspect efficiently or cheaply. Extensive testing could also compromise the product's quality or render it unmarketable. If a representative sample were tested, the results would be accurate without jeopardizing the rest of the production run.

Acceptance sampling is a method of quality control in which a representative sample of a product batch is tested and its quality is inferred from the results. Acceptance sampling is useful for quality control when implemented properly.

To know more about Acceptance sampling refer to:

brainly.com/question/28192251

#SPJ4

5 0

2 years ago