Partridge bookstore had 500 units on hand at january 1, costing $9 each. purchases and sales during the month of january were as follows: date purchases salesjan. 14 375 @ $1417 250 @ $10 25 250 @ $11 29 260 @ $16partridge does not maintain perpetual inventory records. according to a physical count, 365 units were on hand at january 31.the cost of the inventory at january 31, under the lifo method is: partridge bookstore had 500 units on hand at januathe cost of the inventory at january 31, under the lifo method is: a.$3,900.b.$3,650.c.$4,015.d.$3,285 .

Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9

Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine

Which of the following best explains how trade enables greater specialization among producers? a. trade diversifies the market by bringing specialized goods from around the world. b. trade requires distribution networks and adds one more step to the production process. c. trade enables producers to open up new markets for their goods and services. d. trade allows people to focus on one kind of production and trade for their other needs.