Business, 30.05.2020 23:00 AdhoraM11571
Sweet Acacia uses LIFO inventory costing. At January 1, 2020, inventory was $334,640 at both cost and market value. At December 31, 2020, the inventory was $425,820 at cost and $400,440 at market value. Prepare the necessary December 31 entry under (a) the cost-of-goods-sold method and (b) loss method. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answers: 1
Business, 22.06.2019 03:20
Yael decides that she no longer enjoys her job, and she quits to open a gluten-free, dairy-free kosher bakery. she pays a monthly rent for her store of $2,000. her labor costs for one month are $4,500, and she spends $6,000 a month on nut flours, sugar, and other supplies. yael was earning $2,500 a month working as a bank teller. these are her only costs. her monthly revenue is $14,000. which of the following statements about yaelโs costs and profit are correct? correct answer(s) an accountant would say she is earning a monthly profit of $1,500. her implicit costs are $2,500 a month. an economist would tell her that she is experiencing a loss. her total costs are $12,500 a month. her explicit costs include the labor, rent, and supplies for her store. her economic profit is $1,500 a month.
Answers: 3
Business, 23.06.2019 01:30
What are six resources for you decide which type of business to start and how to start it?
Answers: 3
Business, 23.06.2019 06:00
If a society decides to produce consumer goods from its available resources, it is answering the basic economic question
Answers: 3
Business, 23.06.2019 10:00
At the beginning of each month, desmond receives a written statement from his bank containing all the transactions processed on his checking account for the previous month desmond compares his check register to this bank statement. this comparison is known as your account. a. confirming b. reconciling c. comparing d. finalizing
Answers: 1
Sweet Acacia uses LIFO inventory costing. At January 1, 2020, inventory was $334,640 at both cost an...
Computers and Technology, 01.08.2019 06:30
Biology, 01.08.2019 06:30
Social Studies, 01.08.2019 06:30
Business, 01.08.2019 06:30
History, 01.08.2019 06:30
Chemistry, 01.08.2019 06:30
Mathematics, 01.08.2019 06:30
Computers and Technology, 01.08.2019 06:30
Computers and Technology, 01.08.2019 06:30
Social Studies, 01.08.2019 06:30
Social Studies, 01.08.2019 06:30
Computers and Technology, 01.08.2019 06:30
Social Studies, 01.08.2019 06:30