Moral idealism and utilitarianism are two prominent personal Moral philosophies that are important in marketing.
According to moral idealism, the ideal set of moral laws—which are themselves defined in terms of a moral ideal—are what constitute morality. According to a moral idealism, morality is that collection of unchanging laws. which, if obeyed, would bring about the moral ideal of this idealism.
A moral theory known as utilitarianism favors activities that increase happiness or pleasure and disapproves of those that increase sadness or harm. A utilitarian ideology would seek to improve society as a whole when used to guide social, economic, or political decisions.
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For Tesla, the Model S represents a
(BCG) market growth/market share matrix.
on the Boston Consulting Group
The answer is "star" and its further explanation can be defined as follows:
The Tesla Model S is pleasant during the day, but fitness and finish are something to want. When heading for just a quick ring all-around city or heading off to the other side, Model S 2020 is full of space and luxury. It is a quality rating of 7 out of 10.The Tesla Model S is the top U.S. car with an overall score of 70 in the ultra-luxury car category. The top-range model S is 373 miles long and has one of today's largest ranges. For Tesla, Model S is a star in the growth/market share matrix of the Boston Consulting Group. The hunting for a high-quality premium car, Tesla Model S.Its overall design is maybe 10-years old, but the type S still sets a baseline for all EVs, and it has an unmatched driving range. The Model S is rather costly at $80,000 on the other hand.That's why the correct answer is "star".
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Etiquette Inc. earns $150,000 as income from services in a particular accounting period. The company's operating expenses for this period are
$35,000. What is the company's net income?
The net income Etiquette Inc. earns is $______.
Answer:
$115,000
Explanation:
150,000-35,000
Karan has just been offered the position of a store manager. He has observed that his store has been facing a problem of shrinkage in the past months. How can Karan take responsibility for controlling shrinkage?
A.
ensuring the availability of sufficient merchandise at the store
B.
ensuring available stock via a computerized inventory tally
C.
evaluating the average sales per month
D.
informing the head office about store operations
E.
evaluating the performance of staff at the store
Answer: c
As store shrinkage is the loss of inventory that can be attributed to factors such as employee theft, shoplifting, administrative error, vendor fraud, damage, and cashier error, Karan would have to make sure there is enough products and keep track of the sales/stocks. Thus, I believe that it would be c, so Karan can keep track of the monthly sales. Feel free to let me know if I'm wrong!
Answer:
C.
Explanation:
Evaluating the average sales per month
Preparing adjusting entries (monthly)-accrued revenues LO4 Tiger Computer provided $17,000 of services to customers in the month of March 2020. On March 31, 2020, Tiger Computer has not yet billed or collected payment for the $17,000. On April 16, $12,000 of these were collected. a. Using the accrual basis of accounting, explain whether Tiger Computer earned revenue of $17,000 as of March 31, 2020. b. Record the adjusting journal entry on March 31, 2020. c. Record the journal entry on April 16, 2020.
Tiger Computer did not earn revenue of $17,000 as of March 31, 2020 under the accrual basis of accounting The adjusting journal entry on March 31, 2020, would involve recognizing the accrued revenue of $17,000
he remaining $5,000 ($17,000 - $12,000) of accrued revenue will be recognized as revenue in the subsequent accounting period when it is collected.
the revenue recognition principle states that revenue should be recognized when it is earned, and that is usually when goods or services are provided to customers and the company has the right to receive payment.
the entry would be:
Accounts receivable $17,000
Service revenue $17,000
This entry increases the accounts receivable (asset) and recognizes the service revenue (income) for the services provided in March.
The journal entry on April 16, 2020, reflects the collection of $12,000 from the accrued revenue. The entry would be:
Cash $12,000
Accounts receivable $12,000
This entry decreases the accounts receivable (asset) and increases the cash (asset) as the payment is collected.
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how do checkable deposits loading... differ from demand deposits loading... ?
Checkable deposits and demand deposits are both types of deposit accounts held at a bank.
The key difference between them is that demand deposits refer specifically to deposits that can be withdrawn by the account holder at any time without any notice or penalty, whereas checkable deposits refer to deposits that can be withdrawn by the account holder using checks or other payment methods.
In other words, all demand deposits are checkable deposits, but not all checkable deposits are demand deposits. For example, some types of savings accounts may be classified as checkable deposits because they allow the account holder to withdraw funds using checks, but they may not be classified as demand deposits because they may have restrictions on the number of withdrawals that can be made without penalty.
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1. List four reasons that businesses extend credit.
2. How does using credit benefit businesses and consumers?
1.Encourage customers to spend more, which can result in increased sales if receivables are turned to cash;
Increase customer goodwill and build good customer relations;
Make your customers less sensitive to price and more focused on the services you offer.
2.Having credit enables consumers to buy goods or assets without having to pay for them in cash at the time of purchase. Having a good credit record means that a person has an established history of paying back 100% of his/her debts on time
2. Benefits for business:
all 4 points aboveCash flow management: Offering credit can help businesses manage their cash flow, as they can receive payment over a period of time rather than all at once.Benefits for consumers:
Purchasing power: Using credit allows consumers to make purchases that they may not have been able to afford with cash, such as items like a home or a car.Convenience: Using credit cards can be more convenient than carrying cash, as consumers do not have to worry about carrying large amounts of cash or making frequent trips to the ATM.Building credit history: Using credit and making payments on time can help consumers build a positive credit history. This in turn can lead to better credit scores and lower interest rates on future loans.Protection against fraud and errors: Credit cards provide protection against fraud and errors, as consumers can dispute unauthorized charges or errors on their statements.For more on credit refer to: https://brainly.com/question/1590835
At December 31, 2017, Mallory, Inc., reported in its balance sheet a net loss of $12 million related to its postretirement benefit plan. The actuary for Mallory at the end of 2018 increased her estimate of future health care costs. Mallory's entry to record the effect of this change will include: Group of answer choices A debit to Post-retirement benefit expense and a credit to APBO. A debit to Loss-OCI and a credit to APBO. A debit to APBO and a credit to Loss-OCI. A debit to Post-retirement benefit expense and a credit to Loss-OCI.
Answer:
A debit to Loss-OCI and a credit to APBO
Explanation:
When the net loss is reported on the balance sheet with respect to the postretirement benefit plan also the cost of the future health care is rise so the impact of the change would be that the other comprehensive income i.e. OCI would be debited while on the other hand the accumulated post benefit obligation would be credited
therefore the second option is correct
The accounts receivable turnover ratio for a merchandiser is 9.9 times. Calculate the days' sales in receivables for the merchandiser. (Round your answer to the nearest day.)
Answer:
36.86 days
Explanation:
As we know that
Accounts Receivable Days = 365 / Accounts receivable Turnover ratio
Here
Accounts receivable Turnover ratio is 9.9
By putting values, we have:
Accounts Receivable Day = 365 / 9.9 = 36.86 days
Which of the following statements regarding the application of the Code to students of a professional accounting body is/are true?(1) Registered students are bound by the Code, as affirmed by their signature on their enrolment application forms (2) Registered students who fail to comply with the Code will be liable to disciplinary action
A.1 only
B.Both 1 and 2
C.2 only
D.Neither 1 nor 2
The correct answer is B. Both 1 and 2.
Explanation:
(1) Registered students are bound by the Code, as affirmed by their signature on their enrolment application forms. When students enroll in a professional accounting body, they typically agree to abide by the Code of Ethics or Code of Conduct of that organization. By signing their enrolment application forms, they acknowledge their commitment to following the ethical principles and standards outlined in the Code.
(2) Registered students who fail to comply with the Code will be liable to disciplinary action. Just like professional accountants, registered students are expected to adhere to the ethical standards set by the accounting body. If a student fails to comply with the Code of Ethics or Code of Conduct, they may be subject to disciplinary action, which can include warnings, sanctions, or other penalties imposed by the professional accounting body.
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Tammy, a resident of Virginia, is considering purchasing a North Carolina bond that yields 4.6% before tax. She is in the 35% Federal marginal tax bracket and the 5% state marginal tax bracket. She is aware that the State of Virginia bonds of comparable risk are yielding 4.5%. However, the Virginia bonds are exempt from Virginia tax, but the North Carolina bond interest is taxable in Virginia. Which of the two options will provide the greater after-tax return to Tammy? Tammy can deduct any state taxes paid on her Federal income tax return.
________ power is when one channel member threatens to punish or punishes another channel member for not undertaking certain tasks, such as delaying payment for a late delivery.
Coercive power is when one channel member threatens to punish or punishes another channel member for not undertaking certain tasks, such as delaying payment for a late delivery.
What is coercive power?The use of force, threats, and other forms of coercion to induce a response is known as coercive power.For instance, a boss who threatens to demote, fire, or suspend a misbehaving employee is using coercive power.A manager's capacity to compel an employee to follow instructions by threatening to discipline the employee if the employee disobeys the order is known as coercive power.The deployment of force is the most crucial idea concerning coercive power to comprehend.To learn more about coercive power. refer,
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is the rate, at which a trait or disorder is shared with close relatives, such as a twin
The proportion of a characteristic or condition that a twin or other close relative will also have: concordance rate
How many sets of identical twins or other blood relatives are affected by a specific feature or illness. also known as the concordance ratio. See also twin research. A statistical indicator of agreement, the concordance rate is the percentage of pairs of individuals who share a specific characteristic when at least one of the individuals has that trait. When the term "concordance" is used in genetics, it typically refers to the twins sharing the same trait. The probability that two people, assuming that one of them already possesses the feature, will both share it is the strict definition, though.
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The simplest way to think about throughput is the quantity of work completed.a. Trueb. False
True, the amount of work performed is the easiest way to think about throughput.
The amount of work completed by an employee in comparison to the standards set by the employer is known as the quantity of work. Establishes new benchmarks for productivity and motivates coworkers or members of the team with their own performance
Always looks for methods to create more work, even if that means putting in extra time or showing up early for work. prioritizes the productivity of the team and continuously seeks out and applies innovative strategies to accomplish tasks and improve the team's production.
Always goes above and above; accountable for a significant increase in the production of own department. fully comprehends the metrics behind productivity, and works diligently and shrewdly to improve departmental and corporate efficiency.
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the structure found between the epiphysis and diaphysis in a child and is a site of bone growth is____plate.
The structure found between the epiphysis and diaphysis in a child and is a site of bone growth is called the growth plate.
The epiphyseal plate, also known as the growth plate, is a hyaline cartilage plate located in the metaphysis (the region between the diaphysis and epiphysis) of long bones in growing children and adolescents. The epiphyseal plate is responsible for the longitudinal growth of bones, which occurs as a result of the proliferation of chondrocytes (cartilage cells) within the plate.
The growth plate allows bones to grow in length as new cartilage cells are formed and mature into bone cells. The growth plate gradually disappears as a person reaches adulthood and the bone is fully formed.
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companies use a predetermined overhead rate rather than an actual overhead rate because ______.
Companies use a predetermined overhead rate rather than an actual overhead rate because to get around this problem.
For businesses, using a predetermined overhead rate rather than an actual overhead rate can be beneficial in many ways.
Predetermined overhead rates provide a consistent and reliable estimate for the total overhead costs of a company, helping to ensure that sufficient funds are being allocated for these costs.
This type of rate also allows for easier budgeting since the amount of overhead costs is known in advance, rather than changing from project to project due to fluctuating actual costs. By using a predetermined overhead rate, companies can easily plan for and budget their overhead costs, helping them to stay on track financially.
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Under which nonforfeiture option does the company pay the surrender value and have no further obligations to the policyowner?
Answer: cash surrender
Explanation:
Cash surrender is the nonforfeiture option whereby the company pays the surrender value and have no further obligations to the policyowner.
The cash surrender value is the amount of money that is been paid by an insurance company to an annuity contract owner or policyholder in case there's contract termination before maturity. It should be noted that the contract is over once cash surrender value is being paid.
martys anual salary is 56,000 as a computer aided designer if the state tax rate is 4% what does he pay yearly in a state taxes
Marty's annual salary is $56,000 as a computer aided designer. If the state tax rate is 4%, Marty pays $2,240 in state taxes yearly.
What is salary?
An employment contract may include a salary clause as a type of recurring payment from an employer to an employee. In contrast, piece wages are paid separately for each job, hour, or other unit rather than on a regular schedule. Salary can also be seen from the perspective of operating a corporation as the expense of obtaining and keeping employees to carry out operations; this is known as a personnel expense or salary expense. Payroll accounts are used in accounting to record salaries. A salary is a set sum of money or other remuneration that a company gives to an employee in exchange for work completed. Salary is frequently paid at predetermined periods, such as monthly instalments equal to one-twelfth of the annual salary.
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a forecast of a cost at a particular level of activity is termed:
The forecast of a cost at a particular level of activity is termed as an estimated cost. It is a predicted amount that is derived from estimating expenses.
The cost is an expense that must be incurred in order to accomplish the objectives of the company. Costs can be classified in a variety of ways, depending on the purpose of the classification, but the most common method is by production function, as either a direct cost or an indirect cost.
The estimated cost is the anticipated expenditure for a product or service. It's a key part of the budgeting process, and it's frequently used in decision-making. Cost estimation is an important aspect of management accounting, and it's critical to have an accurate understanding of costs to make informed business decisions.
An accurate estimate can be used in the planning and control processes to make sure that the company is making a profit. Managers use the estimated cost to evaluate the viability of a project and decide whether to proceed with it or not.
In conclusion, the forecast of a cost at a particular level of activity is termed as an estimated cost. It is a key factor in decision-making and planning. The estimated cost is important for budgeting, evaluation of the viability of projects, and controlling costs.
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hello , What are three common tools for qualitative research in business and marketing?
Answer:
they would be in-depth interviews, focus group discussions and observation over data
Explanation:
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What annual deposit is required for 5 years to accumulate an amount of money with the same purchasing power as $680.58 today, if the market interest rate is 10% per year and inflation is 8% per year?
The annual deposit required to accumulate an amount of money with the same purchasing power as $680.58 today, if the market interest rate is 10% per year and inflation is 8% per year, is $959.96.
The present value of $680.58 in 5 years, considering inflation, is:
$680.58 / (1 + 0.08)^5 = $959.96
Therefore, an annual deposit of $959.96 is required for 5 years to accumulate an amount of money with the same purchasing power as $680.58 today.
The calculation is as follows:
Present value = $680.58
Inflation rate = 8%
Market interest rate = 10%
Number of years = 5
Present value = Future value / (1 + inflation rate)^number of years
$959.96 = $680.58 / (1 + 0.08)^5
Therefore, an annual deposit of $959.96 is required for 5 years to accumulate an amount of money with the same purchasing power as $680.58 today.
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Game: Competing in Africa’s Playing Fields
Game is one of South Africa’s largest retail stores. It consists of 93 large-format stores and thinks of itself as a driven discount cash retailer of consumer goods and general merchandise, electrical appliances, and non-perishable items for home, leisure, and business use. As a discount cash retailer, Game has a high-volume, low-margin operating model that depends on making a high volume of sales at a lower price as well as on a sound and consistent promotional strategy.
Game started expanding into Africa in the early 1990s when it realized that its South African market would mature quickly and that there was little space for investment in the already over-traded market. Recognizing the retail market potential of the neighboring Southern African countries, Game started investing in Africa by
opening its first store in Botswana in 1993. It was only when the company decided to invest further afield, specifically in Uganda (2004), Nigeria (2005), Tanzania (2006), and Ghana (2007), that the reality of Africa kicked in. The opening of the Nigeria store was known to be a bit of a disaster after the first container of stock was held up for nine months at the local customs office because of Game’s refusal to submit to bribery.
By 2010, Game had a presence in 11 African countries and was planning to expand its footprint in Africa in another six countries over the next five years. Game had found that it could not simply cut and paste its South African business model into other African contexts. The company therefore had a separate business plan and business model for every country. For example, whereas in South Africa every store stocked 12,000 active products, some remote African stores such as Game Kampala had only 8,000. This was because the logistics of supplying the full range of products was prohibitive and Game realized that the market was satisfied with a slightly more limited choice. Game also had to make a "fundamental mind shift" to think smaller when doing business in Africa. Shopping centers were an unknown concept in most African countries, so Game opted for stand-alone stores in most instances, and in some countries it developed its own small shopping centers, consisting of one or two anchor shops and a few other outlets. Still, securing financing from the local banks proved to be trying, as the bank officials did not understand the concept of a shopping mall, having only had to finance ventures like roads and bridges in the past. Regarding the supply chain to the African countries, until about three or four years before, all distribution of stock had been managed centrally from South Africa. Game’s experience in Nigeria changed this. While it was never part of the original procurement model, Game decided it was best to turn to local suppliers in Nigeria because restrictions on certain imported products meant that even one restricted product could hold a whole container back. In other countries, however, Game imported up to 90 percent of its stock from South Africa without any major difficulties. Logistical challenges were the order of the day for Game in Africa. A large portion of its goods had to be transported by road, but getting those goods to certain countries meant that in some cases truck drivers had to cross five different borders. The drivers therefore had to build up good relations with the various border officials to speed up the process, particularly because Game incentivized the drivers with bonuses if they were able to deliver the goods on time.
By 2010, it had become evident that despite the risks, it was indeed very profitable for the company to invest in Africa. Game stores in Africa generated far higher profit and return on investment than their South African counterparts. To date, Game has
been fortunate not to have had serious competition from international players, although the company did face some competition from the other South African-based supermarket retailer, Shoprite Holdings, as well as the informal market. However, Game expected a complete change in the African business landscape and foresaw that more and more international businesses would start realizing the investment potential of Africa. The company was fairly convinced that big multinational players such as Wal-Mart and Carrefour, which had previously shied away from investing in Africa, would form partnerships with existing investors in Africa rather than risk going alone.
Questions
Explain why Game chose the countries it entered and why in that order.
How does the African retail market differ from the more developed world, and what are the implications for doing business there?
In September 2010, Wal-Mart announced that it was making a $4 billion bid for Massmart, the holding company of Game. Why was Wal-Mart entering the African market for the first time, and why was it choosing this entry mode?
Game entered African countries based on retail market potential and proximity to South Africa. It prioritized neighboring countries like Botswana, Uganda, Nigeria, Tanzania, and Ghana, expanding further based on profit potential.
Tanzania, and Ghana, because it recognized the retail market potential in those regions. These countries offered growth opportunities and were relatively untapped markets compared to the mature and over-traded South African market. Game's expansion strategy focused on countries where it saw potential for consumer demand and where it could establish a strong presence.
The African retail market differs from more developed markets in several ways. Firstly, the infrastructure and logistics in many African countries are not as developed, making supply chain management and distribution more challenging. Secondly, consumer behavior and preferences vary across different African countries, requiring localized business plans and product offerings. Additionally, shopping centers are not as prevalent in Africa, so Game opted for stand-alone stores or small shopping centers.
These differences have implications for doing business in Africa. Game had to adapt its business model to suit each country's unique circumstances, such as offering a more limited product range and smaller store formats. The challenges of logistics and supply chain management required innovative approaches, such as sourcing from local suppliers and building relationships with border officials to expedite deliveries. Understanding local consumer preferences and adapting promotional strategies were also crucial for success.
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10) Why are 529 plans a good option to pay for college costs?
A) They involve money invested in an account for a child, who gains access to the funding at a certain age.
B) They are a conservative and flexible investment option that offers modest returns.
C) They are a prepaid tuition plan that allows you to "lock in" tuition costs.
D) They are a safe and flexible means of saving for a long-term goal yet may have lower interest rate.
Answer:
A) They involve money invested in an account for a child, who gains access to the funding at a certain age.
what should occur when there is a change in accounting principle?
When there is a change in accounting principle, the following should occur:
1. Recognition: The change in accounting principle should be recognized and disclosed in the financial statements.
2. Explanation: The reasons for the change in accounting principle should be explained, including the impact on financial reporting and any significant differences from previous accounting practices.
3. Consistency: The change should be applied consistently to ensure comparability between financial statements of different periods.
A change in accounting principle refers to a shift in the accounting methods, principles, or rules applied by an organization to prepare its financial statements. This change can occur due to new accounting standards, changes in regulatory requirements, or a decision by the organization to adopt a different accounting approach.
When there is a change in accounting principle, it is important to follow the generally accepted accounting principles (GAAP) or any applicable accounting standards. The specific steps involved in handling the change include:
1. Recognition: The change in accounting principle needs to be recognized and disclosed in the financial statements. This involves updating the accounting records and adjusting the financial statements to reflect the new principle.
2. Explanation: The reasons for the change should be clearly explained in the footnotes or management's discussion and analysis section of the financial statements. This includes providing details on the impact of the change on the financial results and any significant differences compared to previous accounting practices.
3. Consistency: It is essential to apply the new accounting principle consistently throughout the financial statements. This ensures that the financial information is comparable across different reporting periods and allows stakeholders to analyze and interpret the financial data accurately.
When there is a change in accounting principle, it is necessary to recognize and disclose the change in the financial statements. The reasons for the change should be explained, and consistency should be maintained to ensure comparability of financial information. Adhering to these practices helps maintain transparency and provides stakeholders with reliable and meaningful financial statements.
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39. When trying to sell a product or service to a customer, when the customer initially says "no", this
is called a(n) *
(2 Points)
O Refusal
o
Direct denial
Objection
O Pass
Answer:
A sales objection
Explanation:
A sales objection is any communication from a customer expressing unwillingness to make a purchase at that moment. It is when a customer turns down a sales proposal. A sale objection indicates that the customer is not ready to buy.
Sales objections are common in the selling process. They can be frustrating to salespeople. However, they are several techniques that companies and salespeople employ to overcome the disappointment caused by objections.
Consider an account holding $30,000 and earning 8% interest each year. If the account holder withdraws the interest each year, how much interest would the principal amount generate each year
The sum stays the same and no interest is accrued because $ 30,000 *.08 equals $ 2400.
By accrues, what do you mean?When referring to income, income, or expenses of a person or corporation, the verb "accrue" indicates to increase over time. For instance, interest builds up in a savings account over time, increasing the account's total balance.
Briefing:
Principle = $ 30000
Interest = 8%
Interest for each year = $ 30000*.08 = $ 2400
Assumption that the interest in earned on the principle amount , as interest is withdrawn every year , so the amount remains the same and the interest amount does not accrue.
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Your sole proprietorship makes $90,000 per year in profits. Your average federal tax rate is 24% and your state tax rate is 6%. How much of your profits do you get to keep?
Answer:
$63,000
Explanation:
Given that the total profit is $90,000 per year.
The average federal tax rate is 24% and the state tax rate is 6%.
So, total tax rate = 24% +6% =30%
Total taxable amount = 30% of $90,000
=(30/100)x 90,000=$27,000
The remaining amount = $90,000 - $27,000 = $63,000
Hence, I will keep $63,000 of my profit.
Answer:
$63,000
Explanation:
how is weather useful to our body
Answer:
1. precipation
2. national security
Explanation:
1. Having a stable climate and weather patterns benefits national security. If a government can predict the amount of water and the average risk for drought or other natural disasters, it can better prepare its population for possible adversities. If the climate and weather were to suddenly change, disaster response teams may not be able to adapt quickly enough. It could also lead to international conflicts as the need for humanitarian aid rises in response to a higher demand on resources.
2. The stability of the climate is an important factor to human health. Because overall climates are stable for long stretches of time, humans adapt to a given climate. For example, the evolution of light skin from dark was to help humans become more resistant to cold weather and synthesize more vitamin D per each exposure to ultraviolet light as they moved away from the equator to areas where there was less direct sunlight and more cloud-covered days. Rapid climate change could be detrimental to human health because the body cannot adapt quickly enough to changes in the weather and environment.
2.
Having a stable climate and weather patterns benefits national security. If a government can predict the amount of water and the average risk for drought or other natural disasters, it can better prepare its population for possible adversities. If the climate and weather were to suddenly change, disaster response teams may not be able to adapt quickly enough. It could also lead to international conflicts as the need for humanitarian aid rises in response to a higher demand on resources.
If you do not complete high school, you are typically paid more than those who pursue post-secondary education Please select the best answer from the choices provided T F
Answer:
false
Explanation:
Post-secondary education refers to an education that goes beyond high school.
Answer:
false
Explanation:
Inventory information for Part 311 of Tamarisk Corp. discloses the following information for the month of June. Assuming that the perpetual inventory method is used and costs are computed at the time of each withdrawal, what is the value of the ending inventory at LIFO? The ending inventory at LIFO
Total ending inventory at LIFO: $1500 + $600 = $2100
The perpetual inventory method is used to continuously track the inventory levels and costs of goods. In this case, we need to determine the value of the ending inventory at LIFO (last-in, first-out) for Part 311 of Tamarisk Corp. in the month of June.
To calculate the ending inventory at LIFO, we need to know the quantities and costs of the goods purchased and sold during June. The LIFO method assumes that the most recent purchases are the first ones sold, leaving the older inventory in the ending balance.
Let's say the inventory transactions for Part 311 in June were as follows:
- Beginning inventory: 100 units at $10 per unit
- Purchases: 200 units at $12 per unit
- Sales: 150 units
To determine the ending inventory at LIFO, we need to start with the most recent purchases and work our way back. Based on the LIFO assumption, we would assume that the last 150 units sold came from the most recent purchases. Therefore, the ending inventory would consist of the remaining 150 units from the beginning inventory and the first 50 units from the purchases.
Calculating the value:
150 units from beginning inventory: 150 units * $10 per unit = $1500
50 units from purchases: 50 units * $12 per unit = $600
Total ending inventory at LIFO: $1500 + $600 = $2100
In conclusion, the value of the ending inventory at LIFO for Part 311 of Tamarisk Corp. in June is $2100. This calculation is based on the perpetual inventory method and the assumption that costs are computed at the time of each withdrawal.
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What is The Humane Society of North Central Florida's mission? *
Answer:
Our mission is to build an ecologically sustainable and humane world for all animals.
Explanation:
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