Business, 19.10.2021 05:30 willjean6978
baker company uses the lifo method for financial reporting purposes but fifo for internal reporting purposes. at january 1, 2020, the lifo reserve has a credit balance of $1,300,000. at december 31, 2020, baker’s internal reports indicated that the fifo inventory balance was $2,900,000 and for external reporting purposes the lifo inventory balance was $1,500,000. what is the amount of the lifo effect related to 2020?
Answers: 3
Business, 21.06.2019 19:40, hollycoleman13
Uppose stanley's office supply purchases 50,000 boxes of pens every year. ordering costs are $100 per order and carrying costs are $0.40 per box. moreover, management has determined that the eoq is 5,000 boxes. the vendor now offers a quantity discount of $0.20 per box if the company buys pens in order sizes of 10,000 boxes. determine the before-tax benefit or loss of accepting the quantity discount. (assume the carrying cost remains at $0.40 per box whether or not the discount is taken.)
Answers: 1
Business, 21.06.2019 20:30, genyjoannerubiera
The distinction between a normal and an inferior good is
Answers: 3
Business, 21.06.2019 20:30, johnisawesome999
Licensing is perhaps the easiest method of entering into international trade. another method of entering international trade, which can be relatively low risk, is which opens several levels of involvement to company
Answers: 2
Business, 22.06.2019 07:40, genyjoannerubiera
Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000
Answers: 1
baker company uses the lifo method for financial reporting purposes but fifo for internal reporting...
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