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2 years ago

Which of the following statements is false?

Business

1 answer:

Serggg [28]2 years ago

7 0

Answer: The answer is "b. LIFO is an income tax concept.".

Explanation: The statement "b. LIFO is an income tax concept." is FALSE because LIFO is a inventory method (first in, first out) in which the first products purchased will also be the first sold.

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You are a pricing analyst for QuantCrunch Corporation, a company that recently spent $15,000 to develop a statistical software p

sukhopar [10]

Answer:

Explanation:

Base on the scenario been described in the question

First strategy (per-unit price strategy):

According to the given information the demand function is given as:

Economics homework question answer, step 1, image 1

So, the price function can be rewrite as:

Economics homework question answer, step 1, image 2

The firm maximizes the profit at where the marginal revenue (MR) is equal to marginal cost (MC). The MR can be calculated as follows:

Economics homework question answer, step 2, image 1

Since MC is given as 1000, the profit maximization level of quantity can be calculated as follows:

Economics homework question answer, step 3, image 1

Thus, the quantity is 50.

In order to calculate the profit maximizing level of price, substitute the value of Q in price function as follows:

Economics homework question answer, step 3, image 2

Thus, the price is $1250.

8 0

2 years ago

Exquisite Jewelers is developing its annual financial statements for the current year. The following amounts were correct at Dec

Molodets [167]

Answer:

Complete balance sheet is given below. (Req A and B)

Asset ($)

Non-Current Asset

Investment in stock $36,000

Store equipment $67,000

Accumulated depreciation ($19,000)

Current Asset

Cash $58,000

Accounts Receivable $71,000

Merchandise inventory $154,000

Equipment held for disposal $9,000

Prepaid insurance $1,500

Total Asset $377,500

Liabilities

Non-Current Liabilities

Long-term note payable $42,000

Current Liabilities

Accounts payable $52,500

Income taxes payable $9,000

Total Liabilities $103,500

Equity

Common stock $100,000

Stock premium $10,000

Retained earnings $164,000

Total Equity $274,000

Grand total $377,500

Net book value of equipments is given below.

Store equipment $67,000

Accumulated depreciation ($19,000)

Net book Value $48,000

Net book value is the amount at which asset subject to depreciation is accounted into balance sheet. It is the value that shows future benifits that is to be derived from the asset.

5 0

2 years ago

Common unsponsored domain name extensions include:<br> .com<br> .org<br> jobs<br> .mobi

Leno4ka [110]

The answer should be .com

5 0

2 years ago

"In about 100 words, describe how an n-tier architecture might be used by an online business. Include in your answer an outline

alexandr1967 [171]

Answer:

The three main reasons that might make n-tire architectures used in online businesses are Their intuitive system structure for administrators, their layering organization of processes, and the ability to maintain data separated in two different pools.

Explanation:

Three main reasons make n-tire architecture could be used in an online business.

The first one is that its structure allows administrators to identify the problems of the webpage and focus on the matter instead of having to review all of the structure to find out what is going on.

The second reason is that its layering organization provides the best setup to reuse applications. Which in other words says that the structure itself can make it possible to apply this structure to different purposes.

The third one is that the data access and data storage pools are separated and can be reviewed as well as provide maintenance to them in different times, to keep some functionality available in the process to test it and review if it works properly instead of doing it all together and testing after the process is done.

3 0

2 years ago

Jacoby Company received an offer from an exporter for 30,000 units of product at $15 per unit. The acceptance of the offer will

tresset_1 [31]

Answer:

The correct option here is D) $450,000.

Explanation:

The differential revenue from the acceptance offer is the additional amount of revenue that will be generated without affecting the revenue generated from the domestic sales in the normal course of operations.

The differential revenue from acceptance of offer can be calculated as -

= Selling price per unit per offer x number of units per offer

= $15 x 30,000

= $450,000

Therefore $450,000 is the differential revenue from the acceptance of offer.

6 0

2 years ago