Bonita Inc. uses LIFO inventory costing. At January 1, 2020, inventory was $214,532 at both cost and market value. At December 31, 2020, the inventory was $289,964 at cost and $262,440 at market value. Prepare the necessary December 31 entry under (a) the cost-of-goods-sold method (b) Loss method.

Franklin painting company is considering whether to purchase a new spray paint machine that costs $4,800. the machine is expected to save labor, increasing net income by $720 per year. the effective life of the machine is 15 years according to the manufacturer’s estimate. required determine the unadjusted rate of return based on the average cost of the investment.

Suppose that the free states of eldricia, a small nation, has consumption, investment, government purchases, imports, and exports as follows. consumption $140 investment $50 government purchases $45 imports $30 exports $15 calculate the free states of eldricia's gdp

Based on what you learned about time management which of these statements are true