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kotykmax [81]
2 years ago
15

Linguini Inc. adopted dollar-value LIFO (DVL) as of January 1, 2018, when it had an inventory of $841,000. Its inventory as of D

ecember 31, 2018, was $874,000 at year-end costs and the cost index was 1.15. What was DVL inventory on December 31, 2018
Business
1 answer:
Andru [333]2 years ago
8 0

Answer:

760,000

Explanation:

First find ending inventory at base pricing:

$874,000/1.15 = 760,000

Calculate real dollar increase/decrease in quantity

760,000-841,000 = -81,000

Since it is a decrease in quantity, you use prior period cost index. Prior period is the base year so you just use 1.0 which means that -81,000 stays the same

so now it is 841,000-81,000=760,000

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Sally Ferguson, CFA, is a hedge fund manager. Ferguson utilizes both futures and forward contracts in the fund she manages. Ferg
GaryK [48]

Answer:

The correct answer is letter "B": Both statements are correct.

Explanation:

A futures contract is a type of forward contract between a buyer and a seller of an asset. They agree to exchange goods and money at a future date but at a price and quantity determined today. Futures contracts are standardized, regulated, and free of counterparty risk. In difference to other forward contracts, futures contracts are traded in secondary markets such as the Chicago Mercantile Exchange and the Intercontinental Exchange.

A forward contract is an agreement to buy and sell an asset at a future date. The price of the asset is fixed at the time the contract is executed. They are similar to a futures contract but forward contracts do not trade in an exchange.

8 0
2 years ago
__________ provide a more level ride by raising or lowering a car's wheels
Anna [14]

The correct answer is the suspension stability system. This is defined as a kind of detection by which it detects driving conditions by means of lowering or raising the vehicle’s wheel that makes the ride more leveled or more smoother.

7 0
2 years ago
Two firms, Gene's Gloves and Wally's Wallets, have factories near a lake. Both firms use a chemical for tanning leather. Some of
m_a_m_a [10]

Answer:

Gene's Gloves was given the right to dump 5,000 gallons of harmful chemicals. It will need to spend $10,000 ($1 per gallon x 10,000 gallons) to substitute harmful chemicals for harmless chemicals in order to keep working.

Wally's Wallet was also given the right to dump 5,000 gallons of harmful chemicals. It will need $60,000 ($3 per gallon x 20,000 gallons) to treat those chemicals and turn them harmless in order to keep working.  

If Gene can sell its right to dump 5,000 gallons to Wally, for a price higher than $5,000 but lower than $15,000, both companies would win:

Gene would spend $15,000 in harmless chemicals but it would have between $5,001 and $14,999 in revenue from the selling of "pollution rights".

Wally will spend $45,000 in treating harmful chemicals but it will have to pay Gene between $5,001 and $14,999 for buying their "pollution rights".

5 0
2 years ago
The reason the substitution effect works to encourage a consumer to buy less of a product when its price increases is:
ikadub [295]

Answer:

The correct answer is the option C: the product is now relatively more expensive than it was before.

Explanation:

To begin with, the <em>substitution effect</em> is the term that, in economics, refers to the situation where a products or services increase or decrease its value in comparison with other and therefore it causes a substitution from the consumer regarding that change in the price.

Secondly, in the case where a product increases its price the substitution effect will cause that the consumer decides to purchase other products due to the fact that the first product is now relatively more expensive than it was before and therefore a substitution of the good takes place.

8 0
2 years ago
Legal action against a company may likely NOT be incurred when ________. a. employees incur injuries during training conducted b
Black_prince [1.1K]

Answer:

c) the company uses small amounts of copyrighted material

Explanation:

According to the fair use doctrine, the government of the US permits uses of the copyrighted material if the amount of copyrighted material is in very small amount and also does not constitutes to unfair advantage over the company which has copyrighted the material formula. Whereas on the other hand, the employer will face legal action if the employee faces any injury at work and this is well addressed in employees right act.

Furthermore, age descrimination is a illegal act so the company will again face legal actions in this case too.

7 0
2 years ago
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