You are considering replacing your aging propane furnace for a natural gas model. The propane model originally cost $2,200, will last 6 more years, and will have no salvage value. The gas model costs $2,200 and offers a $400 trade-in on the old furnace. It lasts 13 years and can be salvaged for $500 at the end of year 13. Annual fuel costs are $800 for the propane furnace and $600 for the gas furnace. The real interest rate is 9% per year. Using cash-flow replacement and annual worth analysis, should the propane furnace be replaced with the gas model?
Answers
Answer:
The information is not complete (we do not know the useful life of the propane model), but the difference in costs between one project and the other is two large. The NPV of the savings for the gas model almost pays for the initial investment, plus the present value of the costs of using the gas model are much lower for future equivalent projects, we can assume that replacing the propane furnace with the gas model is a good investment.
We cannot determine exactly by how much the actual worth of the costs of the gas model are lower than the costs of the propane model, but there is no doubt that they are much lower. The only way that the propane model would have lower actual costs would that its useful life is much longer.
Explanation:
use propane model use gas model
initial investment $0 $1,800
operating costs $800 $600
useful life 6 years 13 years
present value of the costs for first product life cycle:
$3,559 (6 years) $6,129 (13 years)
Since the useful lives of the alternatives are not the same, we must find a common denominator for the useful life of the alternatives. Here we have a problem because we are not given the information.
But we can assume that the useful life of a propane furnace is also 13 years:
use propane model use gas model
initial investment $2,200 $2,200
operating costs $800 $600
useful life 13 years 13 years
residual value $0 $500
present value of total costs per life cycle:
$8,190 $6,529
Now we need to determine the NPV of the money saved by using gas propane = -$140 (-$1,800, 9%, $200 saved during 12 periods and $700 received at last period), so basically the gas model almost pays for itself with the money it saves.
Related Questions
Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $63,000 loan at 8.5% for 24 months. What is his monthly payment by table lookup? (Use Table 14.2)
Note: Round your answer to the nearest cent.
Answers
If he was offered a $63,000 loan at 8.5% for 24 months. His monthly payment by table lookup is : $3071.
What is monthly payment?Monthly payment can be defined as the amount a person received on a monthly basis.
First step is to convert the month to year
Month to year = 24 / 12
Month to year = 2 years
Second step is to find the interest using this formula
I = P × R×T
Where:
I = Interest
P = Principal
R = rate
T = time
Hence
I = 63,000 × 2 × 8.5%
I = 10,710
So,
P+ I = 63,000 + 10,710
P+I = 73,710
Now let find the monthly payment:
Monthly payment = 73,710 / 24 months
Monthly payment = $3,071.25.
Monthly payment = $3,071 (Approximately)
Therefore the monthly payment is the amount of $3071
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Explain how supply and demand is relevant to wages,rent, or food cost in Charles and Ebony's budget
Answers
The forces of supply and Demand will influence the wage, food cost and rent of Charles and Ebony's budget because they will determine how much is spent or allocated for the various expenses.
What is the Demand and Supply?
Demand and supply is an economic principle that describes the ways good and services are transacted in an open market.
This means that if all economic factors remain constant, the price for a unit of a product or other traded commodities such as labor or liquid financial assets, will continue to shift or adjust until it meets at a point where the quantity which is demanded in a market at the current price will equal the quantity supplied at the current price.
This adjustment will result in an economic equilibrium for price of the commodity and the quantity of that commodity transacted.
Therefore, for Charles and Ebony's budget, the amount allocated to wages, rent and food cost will continue to adjust until they are able to purchase at a given market price based on the forces of demand and supply.
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Adidas runs a print media campaign that pledges to donate 10 percent of its profits to poor orphans in Africa in
order to enhance the firm's image. This is an example of advertising.
O a. institutional
O b. immediate-response
O c. primary-demand
O d. comparative
O e. brand
Answers
Adidas undertakes a print media campaign to improve the company's reputation, promising to contribute 10% of its profits to underprivileged orphans in Africa. This is an illustration of brand advertising. Hence, option E is correct.
What is the meaning of a print media campaign?In order to reach consumers, print media campaign makes use of hard copy printed mediums including newspapers, billboards, and magazines. The print media is one of the more traditional forms of product promotion, according to the advertising sector.
Therefore, Option E is correct.
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Net profit after taxes of a firm is 100000 and its fixed interest charges on long term debt are 20000 what is the interest coverage ratio if the rate of income tax is 60%
Answers
the interest coverage ratio is 13. This means that the firm is earning enough to cover its interest payments 13 times over.
How to calculate?
The interest coverage ratio is calculated as follows:
Interest Coverage Ratio = (Net Profit + Fixed Interest Charges) / Fixed Interest Charges
First, we need to calculate the net profit before taxes, as this is what we will use to calculate the interest coverage ratio:
Net Profit Before Taxes = Net Profit After Taxes / (1 - Tax Rate)
Net Profit Before Taxes = 100000 / (1 - 0.6)
Net Profit Before Taxes = 250000
Now we can calculate the interest coverage ratio:
Interest Coverage Ratio = (Net Profit Before Taxes + Fixed Interest Charges) / Fixed Interest Charges
Interest Coverage Ratio = (250000 + 20000) / 20000
Interest Coverage Ratio = 13
Therefore, the interest coverage ratio is 13. This means that the firm is earning enough to cover its interest payments 13 times over.
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. Comment on the following statement: "Elasticity is constant along a straight-line
demand curve"
Answers
The demand curve follows a straight line, and elasticity remains constant. The assertion is untrue. The elasticity does not remain constant along a straight line, but the slope does. In actuality, the demand is elastic at high costs (the upper region of a demand curve).
The degree to which demand reacts to a change in an economic component is known as the elasticity of demand. The most prevalent economic component considered when calculating elasticity is price. Income level and the accessibility of substitutes are further considerations. Elasticity gauges how demand changes in response to shifting economic conditions.
The quantity sought for a good is measured according to its price elasticity of demand. Almost all goods see a decrease in quantity demanded when prices rise, however, certain goods experience this decrease more than others.
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Which of the following is considered a broad
field that determines the overall structure and
flow of a space or object?
A. Design
B. Project management
C. Sculpting
Answers
Design is considered as broad field that determines the overall structure and flow of a space or object.
What does Design mean in Art?Design is an art form, a method of human expression that employs a set of highly developed procedures to instill meaning in objects, performances, and experiences. Design, like any other art form, has the potential to solve problems, but there is no guarantee that it will.
To create amazing images, design allows you to control the viewer's eye. Each piece connects on the first try thanks to the use of contrast and shot composition. This includes thinking about how the viewer's attention will move from one area to the next and from one scene to the next.
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Several companies in the EU were importing safety footwear from Argentina. Specifically, thousands of pairs of steel-toed boots were being imported for end use by workers in hazardous industries, such as mining, construction, and manufacturing. The EU became concerned that the steel inside the footwear was not of the agreed upon quality and so it called upon the ________ to monitor and enforce the trade agreement.
Answers
The EU countries will call upon the World trade Organization to monitor and enforce the trade agreement.
World Trade Organization (WTO) is the international body that regulates the international trade between and among the world nations.
The WTO enables nations producers, exporters, importers to conduct their business around the world.
The WTO helps in administering trade agreement between nations, handles trade disputes and monitors national trade policies.
Therefore, in this question context, the European Union will call on the World trade Organization to monitor and enforce the trade agreement between the EU countries and Argentina.
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What is the safest action you could take if you receive a resume on LinkedIn from a candidate who is interested in a position at your organization
Answers
If you receive a resume on Lin-kedIn from a candidate who would be interested in a position at your company, save the attachment immediately to their candidate profile.
This enables you to study the candidate's profile and recruiting activity before determining whether to pursue the candidate further. When uploading your resume online, you should also choose trusted sources that have a direct link to legitimate firms and recruiters.
You can also forward the message to the employment site that was used and advise them that if someone is interested in a position at your organization, they may want to remove the listing.
As a result, the significance of the safest action you could take if you receive a resume on the candidate are the aforementioned.
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Rick owns and operates a small farm that produces vegetables and fruits. His friend Owen owns and operates a butcher shop that sells various kinds of
meat. Rick often gives Owen vegetables and fruits in exchange for meat, and vice versa. This scenario best describes
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Because Rick often gives Owen vegetables and fruits in exchange for meat, and vice versa, this scenario best describes a trade by barter.
What is a trade by barter?A trade by barter refers to direct exchange of goods or services without an intervening medium of exchange or money either according to established rates of exchange or by bargaining.
A trade by barter is common among traditional societies, most particularly in those communities with some developed form of market. Product can be bartered within a group as well as between groups, although gift exchange probably accounts for most intragroup trade, particularly in small and relatively simple societies.
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If somebody have all the modules let me know please, I don’t want fail the year
Answers
We can match the terms with their definitions by using our knowledge of different types of companies in terms of ownership and responsibilities, as below:
Partnership: Owned and run by more than one person, where all owners are responsible for all the profits, losses and debts.Sole proprietorship: Owned by one individual who is responsible for all profits, losses, and debts.Public company: Owned by many investors, who are only liable up to their investment.Types of companiesPartnership is a type of business structure in which two or more individuals or entities come together to operate a business. In a partnership, each partner contributes resources, such as capital or expertise, and shares in the profits and losses of the business. Partnerships can be either general or limited. In a general partnership, all partners share in the management of the business and are jointly and severally liable for the debts and obligations of the partnership. In a limited partnership, there are both general partners who manage the business and are personally liable for its debts, and limited partners who contribute capital but have limited liability.
A sole proprietorship is a type of business in which one person owns and operates the business. The owner is personally responsible for all debts and obligations of the business, and all profits and losses are also attributed to the owner. This business structure is simple and easy to set up, but it can be difficult to raise capital and can pose risks to the owner's personal assets.
A public company is a type of business in which ownership is divided among many investors who purchase shares of stock. These investors are not personally liable for the debts and obligations of the company beyond their investment. Public companies are often larger and more complex than other types of businesses and must comply with regulations and reporting requirements
Having those definitions in mind, we can conclude our answer is correct.
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Why is the answer D?
Answers
Explanation:
When gas prices are low, there is less need for alternative fuel cars, so the demand falls. People will be less willing to pay high prices, so the price also falls. And since there's less demand, there doesn't need to be as many cars on the market, so the equilibrium quantity falls.
Pizza International, Incorporated, reported the following information (in thousands):
Operating Activities
Net Income $ 100
Depreciation 33,305
Increase in receivables 170
Decrease in inventory 643
Increase in prepaid expenses 664
Decrease in accounts payable 8,720
Increase in accrued liabilities 719
Decrease in income taxes payable 2,721
Payments on notes payable 12,691
Cash paid for equipment 29,073
The following is the summarized income statement for Pizza International, Incorporated (in thousands):
Revenues $ 143,551
Cost of Sales 45,500
Gross Profit 98,051
Salary and Wages Expense 56,835
Depreciation 33,305
Office Expense 7,781
Net Income before Income Tax Expense 130
Income Tax Expense 30
Net Income $ 100
Required:
Based on this information, compute cash flow from operating activities using the direct method. Assume Prepaid Expenses and Accrued Liabilities relate to office expenses.
What was the primary reason that Pizza International was able to report large positive cash flow from operations despite nearly having a net loss?
Answers
The combination of adding back non-cash expenses, decreases in working capital accounts, and a decrease in inventory contributed to the large positive cash flow from operations despite nearly having a net loss.
To compute cash flow from operating activities using the direct method, we need to analyze the changes in different balance sheet accounts. Let's go step by step:
Step 1: Calculate Cash Flows from Operating Activities using the Direct Method
- Start with net income: $100,000
- Add back depreciation: $33,305
- Subtract the increase in receivables: $170
- Add the decrease in inventory: -$643 (Note: decrease is subtracted)
- Subtract the increase in prepaid expenses: -$664
- Add the decrease in accounts payable: -$8,720 (Note: decrease is subtracted)
- Subtract the increase in accrued liabilities: -$719
- Add the decrease in income taxes payable: -$2,721
- Subtract payments on notes payable: -$12,691
- Subtract cash paid for equipment: -$29,073
Cash flow from operating activities using the direct method: $99,464
Step 2: Analyzing the reason for positive cash flow from operations despite a net loss
The primary reason that Pizza International was able to report large positive cash flow from operations despite nearly having a net loss is due to non-cash expenses, such as depreciation, which is added back to net income. Depreciation is a non-cash expense that reduces net income but does not involve actual cash outflow. Therefore, adding back depreciation increases the cash flow from operating activities.
Additionally, there were decreases in working capital accounts, such as accounts payable and income taxes payable, which led to a positive impact on cash flow from operating activities. The decrease in accounts payable and income taxes payable means that Pizza International paid off its liabilities, resulting in a decrease in cash outflow.
Furthermore, there was a decrease in inventory, which also positively impacted cash flow from operating activities. Decreasing inventory reduces the amount of cash tied up in unsold goods.
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An economy where trade is encouraged and not monitored by the government is called a
a
command economy
b
free enterprise economy
c
global export economy
d
mixed enterprise economy
This is career research and decision making ITS NOT BUSINESS
Answers
Based on the principle of trade, correct answer is b. free enterprise economy
Free enterprise economyThe free enterprise economy is an economic system that is based on demand and supply with no government influence or control.In conclusion,we can conclude that free enterprise economy is the correct answer
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Answer:
B.
Explanation:
Best Co. is required to file their audited financial statements with the Government Accountability Office and Cole & Dierks, CPA's have been hired to perform the engagement. Under the
General Accountability Office rules, which of the following services related to preparing accounting records, if performed by Cole & Dierks, will always impair independence?
Recording transactions for which management has determined or approved the appropriate account classification, or posting coded transactions to an audited entity's general ledger.
Preparing financial statements based on information in the trial balance.
Posting entries that have been approved by an audited entity's management to the entity's trial balance.
All of these services will always impair independence.
None of these services will always impair independence if the proper conditions are met.
Answers
General Accountability Office rules All of these services will always impair the independence of the following services related to preparing accounting records, if performed by Cole & Dierks, will always impair independence. The correct option is C.
What are the independence rules in GAAP?The auditor must be objectively honest in order to be considered independent, and he must be unbound by any ties to the client, its owners, management, or management organization.
Personal conflicts of interest, scope restrictions, access restrictions to personnel, property, and records, as well as resource limitations like funding, may all compromise organizational independence and individual objectivity.
Thus, the ideal selection is option C.
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Deposits of $1,530 each were received for advance tour reservations from 10 school groups. At November 30, all of these
deposits have been earned.
Answers
Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.
Answers
The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.
What is the selling price per pound for onions?Total Cost = Quantity * Cost per pound
Total Cost = 1,000 pounds * $0.11/pound
Total Cost = $110
Spoilage Quantity = 3% of Quantity
Spoilage Quantity = 3% of 1,000 pounds
Spoilage Quantity = 0.03 * 1,000 pounds
Spoilage Quantity = 30 pounds
Effective Quantity = Quantity - Spoilage Quantity
Effective Quantity = 1,000 pounds - 30 pounds
Effective Quantity = 970 pounds
Makeup Rate = 180%
Selling Price per pound:
= (Total Cost * Makeup Rate) / Effective Quantity
= ($110 * 1.80) / 970 pounds
= $2.03505/pound.
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Outline the main principles for the consolidation of financial statements. Illustrate your discussion with the use of examples.
Answers
The main principles for the consolidation of financial statements are:
Combine like items of assets, liabilities, equity, income, expenses and cash flows of the parent with those of its subsidiaries;Offset (eliminate): The carrying amount of the parent's investment in each subsidiary; and - The parent's portion of equity of each subsidiary;Eliminate in full intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between entities of the group.What should we know about Consolidated Financial Statements?In general, financial statement consolidation necessitates a company integrating and combining all of its financial accounting functions in order to produce consolidated financial statements that show results in standard balance sheet, income statement, and cash flow statement reporting.
The decision to file consolidated financial statements with subsidiaries is usually made on a year-to-year basis and is frequently motivated by tax or other benefits. The criteria for filing a consolidated financial statement with subsidiaries are primarily based on the parent company's ownership of the subsidiary.
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List and describe the three types of income. Include information regarding how each one is taxed.
Answers
Answer:
Understanding The Three Types Of Income
Earned Income. The first type of income is the most common: earned income. ... Capital Gains Income. The next type of income that you can earn is called capital gains income. ... Passive Income. The final type of income that you can earn is called passive income.
Answer:
earned income, capital income, dont know the last one sorry
Explanation:
If the points on a scatterplot fall on a nearly straight line sloping upward, what do the two variables have? Explain your reasoning.
________________________________
Choose the correct answer below.
A.A strong positive correlation. A positive correlation is when both variables increase or decrease together, and a strong correlation is when the two variables lie close to a straight line.
B.A strong positive correlation. A positive correlation is when both variables increase together, and a strong correlation is when the two variables lie exactly on a straight line.
C.No correlation. The given information does not indicate a relationship between the two variables.
D.No correlation. There is only a correlation between two variables when one variable decreases while the other increases.
E.A weak negative correlation. A negative correlation is when both variables increase or decrease together, and a weak correlation is when the two variables lie close to a straight line.
F.A weak negative correlation. A negative correlation is when both variables increase together, and a weak correlation is when the two variables lie exactly on a straight line.
Answers
Option A is correct. Strong positive correlation. A positive correlation is when both variables are increasing or decreasing together, and a strong correlation is when the two variables are close to a straight line.
A positive correlation is a relationship between two variables that run in parallel. In the same direction. A positive correlation occurs when one variable decreases when the other variable decreases, or when one variable increases while the other variable increases. Since these two different variables are moving in the same direction, they are theoretically subject to the same external force.
A positive correlation is when one variable tends to decrease when the other variable decreases, or when one variable tends to increase when the other variable increases.
In finance, correlations are used to describe how individual stocks perform in relation to the broader market.
A beta of 1.0 represents a stock that correlates perfectly with the S&P 500. Values above 1.0 represent stocks with higher volatility than the S&P 500, while lower values represent stocks with lower volatility.
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3. Find the amount of tax owed: residential property valued at $162,000.00; assessed at 15%; taxed at $12.00 per hundred
dollars worth of property.
Answers
The amount of tax owed for the residential property is $29.16.
How to calculate the amount of tax owed1. Calculating the assessed value of the property by multiplying the property value by the assessment rate (expressed as a decimal):
Assessed value = Property value x Assessment rate
Assessed value = $162,000.00 x 0.15
Assessed value = $24,300.00
2. Calculate the taxable value of the property by dividing the assessed value by 100:
Taxable value = Assessed value / 100
Taxable value = $24,300.00 / 100
Taxable value = $243.00
3. Calculate the amount of tax owed by multiplying the taxable value by the tax rate:
Tax owed = Taxable value x Tax rate
Tax owed = $243.00 x ($12.00 / $100.00)
Tax owed = $29.16
Therefore, the amount of tax owed for the residential property is $29.16.
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Which of the following should not be a major consideration when it comes to selecting your career path?
What your parents think you should do
What you are passionate about
What you are naturally good at
What your interests are
Answers
Answer: I believe its : what your interest's are
Explanation:
Compute the current ratio, acid-test ratio, and gross margin ratio as of January 31. (Round your answers to 2 decimal places.)
Answers
Answer:
needs further explanation
Explanation:
After closing entries have been posted
A. dividends have been closed into Retained Earnings
B. the ending balance of Retained Earnings has been properly updated
C. only permanent accounts carry balances
D. All of the statements are correct.
Answers
Closing entries have been posted in Option D. All of the statements are correct.
Closing entries refer to journal entries that are made at the end of the accounting period to transfer the balances of temporary accounts to permanent accounts. When a business closes its books at the end of the year, closing entries are made to reset the balances of the company's accounts to zero to start the new year with a fresh balance. After the closing entries have been posted, only permanent accounts carry balances.
A. Dividends have been closed into Retained Earnings: Dividends are not closed into retained earnings. Instead, they are transferred to the dividend account, which is a temporary account. Therefore, this option is incorrect.
B. The ending balance of Retained Earnings has been properly updated: This statement is correct because the closing entry to transfer net income to the retained earnings account is made to ensure that the ending balance of the retained earnings account is accurate.
C. Only permanent accounts carry balances: This statement is correct because temporary accounts are closed to zero after the closing entries have been posted. They are used to measure the performance of the business over a particular accounting period. Examples of temporary accounts include revenue, expenses, and dividends paid accounts.
Closing entries are important because they allow a business to present accurate financial statements for a specific period. Therefore, the correct option is D.
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Expenses like rent, transportation, and advertising are part of a business____ account, because they are fictitious
Answers
Answer:
nominal
Explanation:
Before protecting a worksheet to avoid people from editing the formulas, you must ________.
unlock the input cells
lock the input cells
unlock the formula cells
lock the formula cells
Answers
Answer:
Lock the Formulas Cells
Explanation:
Now, go to lock the selected cells with formulas. To do this, press Ctrl - 1 to open the Format Cells dialog again, switch to the Protection tab, and check the Locked checkbox. The locked option prevents the user from overwriting, deleting or changing the content of the cells.
Summarize chaleff’s courageous followership? I need help!!
Answers
Chaleff's courageous followership emphasizes the importance of active and engaged followers who possess the courage to speak up, take initiative, act ethically, and influence their leaders and organizations positively.
Chaleff's courageous followership is a concept that highlights the significance of followers who possess the courage and willingness to actively engage in their roles and influence their leaders and organizations in a positive manner. It challenges the traditional notion that followers should simply obey and conform to their leaders without question.
According to Chaleff, courageous followership involves followers who are willing to speak up, take initiative, and provide constructive feedback to their leaders. These followers are not afraid to express their opinions, voice concerns, and offer alternative viewpoints, even when it goes against the prevailing norms or authority. They understand that their active participation is crucial for the success and growth of the organization.
Courageous followers also exhibit ethical behavior and take responsibility for their actions. They hold themselves accountable for their decisions and actions, aligning their behaviors with their values and the organization's values. They are willing to stand up against unethical practices and unethical leadership when necessary, with the aim of promoting integrity and ethical decision-making within the organization.
Chaleff's courageous followership promotes a collaborative and mutually beneficial relationship between leaders and followers. It encourages leaders to create an environment where followers feel safe and empowered to express their ideas and concerns. By fostering open communication and embracing diverse perspectives, leaders can tap into the full potential of their followers and create a culture of innovation and adaptability.
In summary, Chaleff's courageous followership emphasizes the importance of active and engaged followers who possess the courage to speak up, take initiative, act ethically, and influence their leaders and organizations positively. It advocates for a dynamic and collaborative relationship between leaders and followers, ultimately aiming to enhance organizational effectiveness, ethical decision-making, and overall success.
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You are asked to send out an important letter to your business associates in Japan, and it must be sent within the next 90 minutes. You know it will take you about 30 minutes to gather all the information you will need to include in the letter. This will leave you one hour for prewriting, drafting, and revising. Because this letter is critical and will influence all future business with your Japanese associates, you know that you will use the entire hour to write the letter. Approximately how much time should you spend revising your message once you have gathered the information you need, planned, and written your message
Answers
Answer:
ha nasaan? di ko maintindihan
if a business promote a product that emphasizes its wholesale price savings rather than its retail price savings is commonly referred to as_______ advertising
Answers
If a business promote a product that emphasizes its wholesale price savings rather than its retail price savings is commonly referred to as deceptive advertising.
What is deceptive advertising?
Marketing material or visual content about a product that is inaccurate, misleading, or unrealistic is known as deceptive or false advertising. Businesses employ deceptive advertising to market products using descriptions that are not true to the way the product actually looks or works.
Consumers may end up purchasing products that are actually fake, flawed, or even hazardous due to misleading or fraudulent advertising. Advertising that is misleading is forbidden and penalized. The Federal Trade Commission (FTC) will act upon consumer complaints and will file orders in federal district court, freeze the assets of offenders, and seek restitution for victims. There are numerous instances of misleading and inaccurate advertising, even at well-known fast food companies that many Americans frequent on a daily basis. However, misleading advertising frequently poses a threat to the environment and poses a health risk to consumers.
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Johnson corporation began the year with inventory of 14,000 units of its only product. units cost $8 each. The company uses a Perpetual inventory system and the fifo cost method. The following transactions occurred during the year: a. purchase 70,000 additional units at a cost of $10 per unit. Terms of the purchases were 2 /10 n/ 30, and 100% of the purchases were paid within the 10-day discount. The company uses the gross method to record purchase discounts. The merchandise was purchased f. O. B. Shipping point and Freight charges of $0.40 per unit were paid by Johnson. b. 1400 units purchased during the year will return to suppliers for credit. Johnson was also given credit for the freight charges of $0.40 per unit it had paid on the original purchase. The units were defective and were returned two days after they were received. c. sales for the year totaled 65,000 units at $18 per unit. d. on December 28th Johnson purchased 5400 additional units at $10 each. The goods were shipped f. O. B. Destination and arrived at Johnson's Warehouse on January 4th of the following year e. 17600 units were on hand at the end of the year. required: 1. for financial reporting purposes, the company uses lifo (amounts based on the Periodic inventory system). Record the year-end adjusting entry for the lifo reserve, assuming the balance in the lifo Reserve at the beginning of the year it's $15,800 2. determine the amount the company would report as income before taxes for the year under lifo. Operating expenses other than those indicated in the above transactions amounted to $158,000
Answers
How you can identify the market structures discussed in the coverage
Answers
Answer:
The main characteristics that determine a market structure are: the number of organizations in the market (selling and buying), their relative negotiation power in relation to the price setting, the degree of concentration among them; the level product of differentiation and uniqueness; and the entry and exit barriers ...
Explanation:
Please mark me as the brainliest answer