Aaa hardware uses the lifo method to value its inventory. inventory at the beginning of the year consisted of 10,000 units of the company’s one product. these units cost $15 each. during the year, 60,000 units were purchased at a cost of $18 each and 64,000 units were sold. near the end of the fiscal year, management is considering the purchase of an additional 5,000 units at $18. required: 1. what would be the effect of this purchase on income before income taxes? income before income taxes would be $ 2. what would be the effect of this purchase on income before income taxes using fifo method? income before income taxes would be $"
Answers: 1
Business, 22.06.2019 02:20
Neon light company of kansas city ships lamps and lighting appliances throughout the country. ms. neon has determined that through the establishment of local collection centers around the country, she can speed up the collection of payments by one and one-half days. furthermore, the cash management department of her bank has indicated to her that she can defer her payments on her accounts by one-half day without affecting suppliers. the bank has a remote disbursement center in florida. a. if neon light company has $2.90 million per day in collections and $1.18 million per day in disbursements, how many dollars will the cash management system free up?
Answers: 2
Business, 22.06.2019 02:50
Acompany set up a petty cash fund with $800. the disbursements are as follows: office supplies $300 shipping $50 postage $30 delivery expense $350 to create the fund, which account should be credited? a. postage b. cash at bank c. supplies d. petty cash
Answers: 2
Business, 22.06.2019 07:10
Refer to the payoff matrix. suppose that speedy bike and power bike are the only two bicycle manufacturing firms serving the market. both can choose large or small advertising budgets. is there a nash equilibrium solution to this game?
Answers: 1
Business, 22.06.2019 10:50
Choose the statement that is incorrect. a. search activity occurs only in markets where there is a shortage. b. when a price is regulated and there is a shortage, search activity increases. c. the time spent looking for someone with whom to do business is called search activity. d. the opportunity cost of a good is equal to its price plus the value of the search time spent finding the good.
Answers: 3
Aaa hardware uses the lifo method to value its inventory. inventory at the beginning of the year con...
Mathematics, 12.06.2021 14:00
Mathematics, 12.06.2021 14:00
English, 12.06.2021 14:00
Mathematics, 12.06.2021 14:00
Mathematics, 12.06.2021 14:00
Social Studies, 12.06.2021 14:00
English, 12.06.2021 14:00
Computers and Technology, 12.06.2021 14:00
Chemistry, 12.06.2021 14:00