subject
Business, 30.04.2021 19:10 trinity7265

Below is the net income of Sheridan Instrument Co., a private corporation, computed under the three inventory methods using a periodic system. FIFO Average Cost LIFO 2018 $25,100 $22,300 $18,500 2019 30,900 25,700 21,700 2020 28,000 26,200 22,800 2021 33,200 28,900 25,900 (Ignore tax considerations.) (a) Assume that in 2021 Sheridan decided to change from the FIFO method to the average-cost method of pricing inventories. Prepare the journal entry necessary for the change that took place during 2021, and show net income reported for 2018, 2019, 2020, and 2021

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 13:00
Employee engagement is considered a key workplace attitude that can us to understand how an organization is doing. engaged employees can be described as those that "give their all" at work. this activity is important because it will you recognize some of the factors that contribute to, and some of the outcomes of, employee engagement. as a manager, this knowledge will you to foster a work environment where your employees are more engaged. the goal of this exercise is for you to demonstrate your understanding of the factors and outcomes of employee engagement. for each factor listed below, decide whether it is a factor that increases employee engagement, a factor that decreases employee engagement, or an outcome of employee engagement.
Answers: 2
question
Business, 22.06.2019 10:40
Two assets have the following expected returns and standard deviations when the risk-free rate is 5%: asset a e(ra) = 18.5% σa = 20% asset b e(rb) = 15% σb = 27% an investor with a risk aversion of a = 3 would find that on a risk-return basis. a. only asset a is acceptable b. only asset b is acceptable c. neither asset a nor asset b is acceptable d. both asset a and asset b are acceptable
Answers: 2
question
Business, 22.06.2019 20:40
Spartan credit bank is offering 7.5 percent compounded daily on its savings accounts. you deposit $5,900 today. a. how much will you have in the account in 4 years? (use 365 days a year. do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. how much will you have in the account in 12 years? (use 365 days a year. do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. how much will you have in the account in 19 years?
Answers: 2
question
Business, 23.06.2019 22:30
In this question, a biomolecule structure will be presented and the goal is to put the constituents and the bonds that join them in order. the answer choices will not necessarily include all the constituents or bonds, so just place the descriptions in order as you work your way across the biomolecule from right to left
Answers: 2
You know the right answer?
Below is the net income of Sheridan Instrument Co., a private corporation, computed under the three...
Questions
question
English, 16.10.2019 00:30
Questions on the website: 13722363