Answer:
Using FIFO to calculate inventory amounts when costs are rising:
Unit Unit Cost Total Cost
Jan. 1 Beginning inventory 58 $ 50 $ 2,900
Apr. 7 Purchase 138 52 7,176
Jul. 16 Purchase 208 55 11,440
Oct. 6 Purchase 118 56 6,608
522 $ 28,124
b) Less Cost of Sales 444 $ 23,756
a) Ending Inventory 78 56 $ 4,368
c) Sales 444 68 $30,192
Cost of Goods Sold 444 $23,756
d) Gross Profit $6,436
Explanation:
FIFO is one of the methods for computing inventory. It is First in, First Out based on the concept that goods that were purchased first would be the first to be sold. When there are rising prices and goods are of perishable nature, it makes sense to sell the goods that were bought first.
Answer:
The correct answer is letter "B": Profit maximization.
Explanation:
Top executives are in charge of decision-making in companies. The path the firm will take depends on them. Their ultimate goal is always to maximize the profits of a firm. For such a thing to happen several accounting and operations analysis is conducted to make adjustments on production or engage in the manufacturing of new goods.
An ethical dilemma arises when <em>profit maximization</em> implies affecting others through pollution or the manufacturing of products that could be somehow risky. Managers in most cases would prefer to cut the costs of production but they must find a balance between generating more revenue and fulfilling the minimum quality requirements so that the goods or the production of them does not put others at risk.
Answer: Encouraging new bicycling enthusisasts
Explanation:
From the question, we are informed that Aaron has designed innovative accessories for hard-core bicycling enthusiasts and the he knows where and how he will make them,and he needs to turn his attention to the getting the products to the customers.
As he chooses retail partners, the least important in this process is encouraging new bicycling enthusiasts
P1 = $27
P0 = $23
To solve:
Capital gain rate = (P1 - P0)/P0
Capital gain rate = ($27.00 - $23.00)/$23.00
Capital gain rate = $4/$23
Capital gain rate = 0.1739
Capital gain rate = (0.1739)(100)
Capital gain rate = 17.39%
Answer:
The consultant's advice will reduce soil degradation and increase organic matter content in soil
Explanation:
In this scenario the present practice by the farmer of burning crop residue and tilling results in soil degradation and loss of organic matter.
Burning on the farm leads to loss of crop nutrients such as nitrogen and organic matter. It also causes environmental pollution of air, land, and water when carbon, nitrogen, and sulphur by-products are released to the atmosphere.
Tillage is the practice of turning the top 6 - 12 cm of soil when preparing for planting. This practice reduces water holding capacity of soil, accelerates nutrient loss, and degrades soil structure.
So if the farmer stops burning crop residue and practices zero tillage it will result in less environmental pollution, reduce soil degradation, and increase soil nutrients especially organic matter
