Garrison company uses the retail method of inventory costing. $34,000 the ending inventory at its estimated cost.
Any group of soldiers stationed in a certain location, initially to guard it, is known as a garrison. The term "garrison" comes from the French "garrison," which is derived from the verb "to equip." Nowadays, the phrase is frequently used to describe specific locations that make up a military installation or a fortified military headquarters. Typically, a garrison is located in a city, town, fort, castle, ship, or other location. Any town with a military base close by is often referred to as a "garrison town."
Arab-Muslim armies used "garrison towns" (Arabic: ) to strengthen their control over local communities throughout the Arab Islamic conquests of Middle Eastern territories. The term "garrison" is also used to refer to any of the major military installations in the UK, including Aldershot, Catterick, Colchester, Tidworth, Bulford, and London.
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beta company uses a periodic inventory system. the company bought 80 units of inventory for $12 each and 20 units of inventory for $12.50 each. it sold 90 units for $25 each. beta's weighted average cost is:
The company purchased 80 units of inventory at $12 and 20 units of inventory at $12.50. 90 units were sold at $25 each. the weighted average beta price is $12.
10 Weighted average = (80 × $12) + (20 × $12.50)/ 100Weighted average = $12.10 The calculation of the weighted average takes into account the different levels of significance of the numbers in the data collection. Before completing the final calculation when calculating a weighted average, the specified weight is multiplied by each value in the data set.
When all the numbers in a data collection have the same weight, a simple average can be less accurate than a weighted average. The value of each data point is multiplied by the assigned weight in the weighted average before being summed and divided by the total number of data points. When calculating the simple mean, also known as the arithmetic mean, all numbers are given equal attention and weight.
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6. when cash is received on account, the amount is recorded in the (a) sales credit column and cash debit column. (b) general debit column and cash credit column. (c) general credit column and cash debit column. (d) accounts receivable credit column and cash debit column.
When cash is received on the account, the amount is recorded in the c. general credit column and cash debit column.
The debit column is usually on the left of accounting access, even as credit columns are continually on the proper. Debits growth cost bills or asset accounts and decreases fairness or liability. Conversely, credits decrease expenses or assets and increase fairness or liability.
In accounting, credit is an access that statistics a decrease in property or a growth in legal responsibility as well as a decrease in costs or an increase in sales (rather than a debit that does the opposite).
For a general ledger to be balanced, credit and debits should be identical. Debits increase asset, price, and dividend accounts, at the same time as credits decrease them. Credits increase legal responsibility, revenue, and fairness accounts, while debits lower them.
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variable costs per unit: direct materials $2.50 direct labor 0.75 manufacturing overhead 1.25 selling and administrative 1.50 fixed costs for the period: manufacturing overhead $3,000 selling and administrative 2,000 the selling price per unit of product is $15.00. at a production and sales volume of 15,000 units, what is the total profit for summertime company?
The total profit for Summertime company is $130000
Variable costs for Summertime company per unit of production:
Direct material = $2.50
Direct labour = $0.75
Manufacturing overhead = $1.25
Selling and administrative = $1.50
Total variable cost per unit = 2.50 + 0.75 + 1.25 + 1.50 = $6 per unit
Variable cost for 15000 units = 6*15000 = $90000
Fixed costs of production for the company:
Manufacturing overhead = $3000
Selling and administrative expense = $2000
Total fixed costs = 3000 + 2000 = $5000
Total cost for 15000 units = FIxed cost + Variable cost = 5000 + 90000 = $95000
Selling price per unit of production= $15
Revenue from 15000 units of items= 15000*15 = $225000
Profit = 225000 - 95000 = $130000
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at initech, a company dealing in the development, marketing, and support of software products, new employees commonly complain about their jobs. they say that they are not qualified to perform their jobs and that they have a hard time getting motivated. which hr function was performed ineffectively at initech?
Human resource management (HRM) is the hr function was performed ineffectively at initech.
Human resource management (HRM) is the method involved with utilizing individuals, preparing them, repaying them, creating arrangements connecting with them, and creating systems to hold them. As a field, HRM has gone through many changes throughout the course of recent years, giving it a considerably more significant job in the present associations. Previously, HRM implied handling finance, sending birthday presents to workers, orchestrating organization trips, and ensuring structures were finished up accurately — as such, a greater amount of a regulatory job instead of an essential job significant to the progress of the association. Jack Welch, previous President of General Electric and the executives master, summarizes the new job of HRM: "Escape the gatherings and birthday events and enlistment structures. Recollect, HR is significant in great times, HR is characterized in difficult situations"
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ilsa will deposit $1,000 at the end of each year for 6 years. assuming a 10% rate of interest, how much will ilsa have in the bank at the end of year 6? round your answer to the nearest dollar.
Based on the amount that Lisa will deposit at the end of each year, the amount in the bank after 6 years elapses would be $7,715.61
How to find the amount invested in the bank?Lisa will deposit $1,000 which is a constant amount, for the next six years. This means that amount is an annuity because annuities are specific amounts that are deposited over a certain number of years.
The amount that will be in the bank at the end of year 6 is the future value of the annuity which can be found by the formula:
= Annuity x ( ( 1 + rate) ^ number of years - 1) / rate
Solving for the amount that Lisa will have after six years gives:
= 1,000 x ( ( 1 + 10%) ⁶ - 1) / 10%
= 1,000 x ( (1.10⁶) - 1) / 10%
= $7,715.61
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By supporting drivers with benefits such as mobile repair and a no-fee bank account with grocery and gas discounts, lyft would be the result of using what service characteristic?.
Lyft would be the result of using custom contact service characteristics by supporting drivers with benefits such as mobile repair and a no-fee bank account with grocery and gas discounts.
Lyft, Inc., headquartered in San Francisco, California, provides mobility as a service, ride-hailing, vehicles for hire, motorized scooters, a bicycle-sharing system, rental cars, and food delivery throughout the United States and select Canadian cities.
It is a platform that connects drivers with people and businesses in need of rides. In addition to assisting passengers in getting from point A to point B, drivers in certain markets may choose to deliver essential items such as groceries, medical supplies, and household necessities to people in need.
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assume the following: beginning finished goods inventory $ 10,000 ending finished goods inventory $ 14,000 cost of goods manufactured $ 52,000 overapplied overhead $ 2,200 what is the adjusted cost of goods sold?
The adjusted cost of goods sold is $45800
What is cost of goods sold (COGS) ?The direct costs at which the products are produced and later sold by business are regarded as its cost of goods sold (COGS). It does not include indirect expenses, such as those related to the sales force and distribution.. Cost of sales is a distinct name used for cost of goods sold."
COGS is a crucial accounting statement metric since it is used to compute a company's gross profit by deducting it from its revenues. Gross profit, a metric of profitability, assesses how effectively a business uses its labor and resources throughout the process of production. COGS is listed as a cost because it is an operating expense.
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gthe peak of a business cycle is typically accompanied by: group of answer choices the highest unemployment rate over the cycle the highest rate of increase in the price level over the cycle the lowest output of goods and services over the cycle all of the above
The peak of a business cycle is generally accompanied by 'the highest rate of increase in the price level over the cycle'. Thus, the correct answer option is (b).
A business cycle refers to the repetitive economic changes that take place over time in a country. The business cycle shows the inverse and decrease in the economy over a period. The business cycle can be influenced by the factors such as interest rates, trade, investment, and production costs. Primarily, financial professionals and enterprises measure the business cycle by the influences of trade and production costs and fluctuations in the gross domestic product (GDP).
The peak is the second phase among the four phases of the business cycle. The peak phase is the point right before core economic indicators begin to fall. At the peak of the business cycle, the highest rates of increase in the price level are noticed and businesses can no longer satisfy the demands of consumers.
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suppose that the government pairs each $100-per-hour lawyer with 20 nearby minimum-wage workers. if the government taxes 25 percent of each lawyer's income each week and distributes it equally among the 20 minimum-wage workers with whom each lawyer is paired, how much will each of those minimum-wage workers receive each week?
By comparing family incomes to a criterion based on family size, government statisticians identify those who are considered to be officially poor.
Attorney salary is $110 per hour.
40 hours are worked per week in total.
Total earnings equal $110 * 40, or $4400.
Thus,
A lawyer making $110 per hour makes $4,400 a week.
Average hourly pay for a worker is $24.
Unskilled worker's hourly wage is $7.25.
Productivity is calculated as follows: $24 / $7.25 (average worker wage / unskilled worker wage) = 3.31
Thus,
The typical employee produced 2.76 times more than someone on the federal minimum wage.
Attorney salary is $110 per hour.
Unskilled worker's hourly wage is $7.25.
Productivity = Lawyer's Salary/Unskilled Worker's Salary ($110 / $7.25 = 15.17)
Thus,
A lawyer earning $110 per hour is 15.17 times more productive than an employee on minimum wage.
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westco company issued 10-year bonds a year ago at a coupon rate of 7.6 percent. the bonds make semiannual payments and have a par value of $1,000. if the ytm on these bonds is 5.9 percent, what is the current bond price in dollars? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)\\
The current bond price is $1127.05 if the Westco company issued 10-year bonds a year ago at a rate of 7.6%.
The value of the bond can be considered to be the present value (PV) of the future cash receipts expected for this bond. Therefore, the value of the bond can be given as;
Bond value = PV of interest + PV of RV
here RV represents the redemption value
The value of the bond of Westco company can be found as follows;
First, we find the PV of interest;
Semi-annual interest payment = 7.6% × 1000 × 1/2 = 38
Semi-annual yield = 5.9% ÷ 2 = 2.95% per six months
Total period to maturity (in months) = 2 × 10 = 20 periods
PV of interest = 38 × [1 - ( 1 + 0.0295)^(-20)] / 0.0295 = 567.97
Now we determine the PV of redemption value as follows;
PV of redemption value = 1000 × (1.0295)^(-20) = 559.08
Now the price of the bond can be calculated as follows;
Bond price = 567.97 + 559.08 = 1127.05
Hence, the current bond price is calculated to be $1127.05 if the Westco company issued 10-year bonds a year ago at a coupon rate of 7.6 percent.
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in the solow growth model, increases in capital output and the amount of output used to replace depreciating capital. a) increase; increase b) decrease; increase c) decrease; decrease d) increase; decrease
In the solow growth model, increases in capital increase output and the increase amount of output used to replace depreciating capital.
Option A is correct .
Solow Growth model :
The Solow – Growth model or exogenous growth model is an profitable model of long- run profitable growth. It attempts to clarify long- run profitable growth by looking at capital collection, labor or population growth, and increases in productivity largely driven by technological progress. Solow growth model is a long- term model of profitable growth by looking at three main factors, videlicet capital collection, labor growth, and multifactor productivity. For the ultimate, economists relate to technological process, which affects the other two variables, labor, and capital.
What happens in Solow model when productivity increases?The increase in productivity means that at every position of capital per worker, workers produce further affair. This also means that at a given rate of saving, further is invested. So there's an original increase in affair and investment due to the change in productivity.
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which of the following statements is true of buying decisions? question 8 options: the type of buying decision does not affect the promotional mix of an organization. consumers are not involved in complex buying decisions. print advertising can be useful for high-involvement purchase decisions. personal selling is most effective in helping consumers in routine decisions.
The correct answer is option (D) personal selling is most effective in helping consumers in routine decisions.
Personal selling is most effective in helping consumers in routine decisions. This statement is true of buying decisions
What is Personal Selling?Personal selling, commonly referred to as face-to-face selling, involves one salesperson persuading a customer to purchase a product. It is a type of advertising where the salesperson makes an effort to close a deal by applying his or her knowledge and skills.
The perfume and cosmetic shops in department stores provide a good illustration of personal selling. In addition to trying several things, a consumer can receive advise on how to use the product. Personal selling is frequently used to market and sell products with moderately high pricing or complicated features.
Personal selling offers a thorough justification or illustration of the goods. Particularly for sophisticated or novel products and services, this competence is desired. Depending on each potential customer's interests and motives, the sales message can be altered.
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in terms of organizational culture, a is an artifact, act, quality, or event that conveys an organization's most important values to others. multiple choice question. symbol story hero ritual
In terms of organizational culture, a symbol is an artifact, act, quality, or event that conveys an organization's most important values to others.
The appropriate behavior inside a company is determined by its culture. This culture is comprised of shared values and beliefs that have been developed by leaders, communicated through a range of mediums, and reinforced in order to affect employee perceptions, behavior, and comprehension.Clan culture, adhocracy culture, market culture, and hierarchical culture were the 4 forms of culture they recognized. The Organizational Culture Assessment Instrument (OCAI) can be used to quickly and strategically examine the culture of your company and create an atmosphere that will support the success of your team.The structure, values, sociology, and psychology of a company or nonprofit are all included in the definition of organizational culture. Philosophy, beliefs, expectations, and experiences are a few examples of organizational culture.Thus the correct option is A.
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rachel and tom have worked together for years and have decided to strike out on their own with a really great business idea. unfortunately they don't have any money to start their own business and will probably need investors or shareholders, and their business idea is extremely risky. but with risk comes reward, they always say! what would be the best type of business for them to start? group of answer choices
In exchange investors for an ownership stake in a company, venture capitalists are private equity firms that provide sufficient time and resources business.
This might help fund start-up investors enterprises or local corporations that wish to grow but lack access to equity markets. Through the support of firms and the financing of innovations, it seeks to generate returns to individual liability. When a borrower obtains funding directly from the market, like when issuing stocks or shares, this is known as direct financing business.
Investors While indirect finance refers to a sort of borrowing when the borrower obtains the funds with the aid of middlemen or other outside parties.
A. The number of shareholders in public firms is relatively great since shares are given out on an individual basis at low prices, but there are few owners in private companies.
B. In a partnership, the business is not taxed, but the partners who own it are; in a private corporation, the business is treated as a separate legal entity and must pay taxes as such.
C. Unlike a public corporation, a sole proprietorship does not have a separate legal entity for its firm. Only public corporations have limited liability as a result.
D. Shareholders of a public corporation own a partnership, and vice versa business.
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raynah is frustrated because the feedback she received from her manager didn't explain why she was being demoted. which criterion for effective performance management is missing from barb's feedback?
Specificity can be described as the criterion that has to do with performance management that is missing from the feedback that Barbs has given.
What is specificity?This is the term that has to do with the particular reason that would tell us the reason why something is being done. Specificity has to do with the idea that once there is an issue then there has to be a particular reason that would be pinpointed to tell the reason for such.
In this case, the demotion has happened and there is no feedback. The right thing would be to tell her the reason why she is demoted and the ways that she would be able to make amends.
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Jo is at the gym one afternoon, jogging on the treadmill at 3. 0 miles per hour. A stranger gets on the treadmill next to her and begins running at 6. 5 miles per hour. Jo notices this, and slowly increases her own running speed. This enhancement of jo’s performance on a simple task by the presence of others is called?.
According to the notion of spreading activation, bidirectional associative linkages to other relevant nodes may allow the activation of a semantic memory node to spread.
What does spreading activation look like in practice?Spreading activation is the term used to describe this broad elevation and availability. For instance, when I say "fire engine," you begin to visualize not only a fire engine but other related ideas like trucks, fire, and even the color red, which makes it simpler for you to locate or recognize those objects.Associative pathways allow activation to extend from one section of the memory network to others that are connected to it. This spread of activation increases the availability of these associated memory network regions for additional cognitive processing (Balota & Lorch, 1986).The method of computing activation values over a number of chunks is known as spreading activation. Weighting values on the associations among pieces determines how activation spreads from one cognitive organization to another.To Learn more About spreading activation refer to:
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which of the following explains why long-run average total cost at first decreases as output increases? a. less-efficient use of inputs b. diseconomies of scale c. gains from specialization of inputs d. fixed costs becoming spread out over more units of output
Gains from the specialization of inputs explain why long-run average total cost at first decreases as output increases.
By dividing the overall cost of manufacturing by the total output, the average total cost is determined. In other words, the average cost equals the total fixed and variable costs of the company divided by the total number of units produced.
The typical overall cost is represented by the following equation: Average total cost is equal to the product of total fixed costs and total variable costs.
The average total cost starts out very high since the fixed cost dominates total costs at low output levels and a denominator is a small number. As a result of the fixed expenses being spread out over a larger volume of output, the average total cost decreases.
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the difference between a standalone managed service account (smsa) and a group managed service account (gmsa). why use one service account over another?
Standalone Managed Service Account can be used on a single server only. Use a Group Managed Service Account if you need to use the account across servers.
What is Service Account?A service account is a special type of account intended to represent a non-human user who must be authenticated and authorized to access data in APIs.
Service accounts are typically used in scenarios such as: Run workloads on virtual machines (VMs).
Service accounts differ from user accounts in several important ways.
Service account do not have passwords and cannot be logged in via browser or cookies.
Service account is for use by applications.
Multiple applications rarely perform the same function and therefore have similar or identical access requirements.
Instead, applications tend to be unique, and the resources they need to access are usually different for each application.
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jessica is trying to increase the freedom and discretion that employees have in scheduling and planning their work. based on the job characteristics model, jessica is trying to increase:
Jessica is trying to increase autonomy.
Autonomy means self-regulation, self-governing or governing. Regional autonomy and autonomous regions are two different things. In a narrow sense, autonomy has the meaning of being independent.
In a broad sense, it has the meaning of being empowered. Therefore, regional autonomy is the independence of a region. This independence is related to making and making decisions about important matters in their own area. In addition, it can also be said that regional autonomy is a regional autonomy authority. The authority is to regulate and manage the interests of the local community. This is based on its own implementation and based on the aspirations of the community.
Regional autonomy operates in accordance with statutory regulations. While the meaning of the autonomous region is a legal community unit. The unit has certain regional boundaries.
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fegley, incorporated, has an issue of preferred stock outstanding that pays a $3.80 dividend every year, in perpetuity. if this issue currently sells for $93 per share, what is the required return?
The required return of the preferred stock issued by Fegley incorporated is 4.086%.
What is the required return?A stock is an investment that gives the holder ownership rights in a public company. A preferred stock is a class of stock that is used to raise capital for public firms. A preferred stock holder receives a fixed amount of dividend.
Required return is the least amount of profit that investors are expecting from their investment.
The formula that can be used to determine the price of the stock is:
P = D / r
r = D / P
Where:
r = required return D = dividend P =price of the stock3.80 / $93 = 0.04086 = 4.086%
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severide computers sold a computer to katie smith for cash of $800. the entry to record this transaction will include a: multiple select question. debit to accounts receivable for $800 credit to cash for $800 credit to accounts receivable for $800 credit to sales for $800 debit to cash for $800 debit to sales for $800
Debit to cash for $800., Credit to sales for $800.
What is Debit and Credit?
In double-entry bookkeeping, debits and credits are commonly assessed in account ledger accounts to record value changes brought on by business transactions. A credit entry represents a value transfer from the account, whereas a debit entry reflects a transfer of value to the account. Each transaction involves the transfer of money from credited to debited accounts. A tenant would enter a credit for the checking account on which the rent check is drawn and a debit for the rent expense account, for instance, when writing a rent check to a landlord. In a similar manner, the landlord would record a credit in the tenant's rent income account and a debit in the account where the check is deposited.
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As ________blank, pioneers have the advantage of creating a new market or product category, establishing a commanding initial market share lead.
As first movers, pioneers have the advantage of creating a new market or product category, therefore establishing a commanding initial market share lead.
The major benefit of being a first mover om a new market or product category is the opportunity to build impactful brand awareness and customer loyalty. That way, first movers can easily dominate the market or product category and maximize early sales, gaining an upper hand against their rivals. They can also adjust their good or service quality as well as refine their marketing strategy with the additional time they get before rivals start to enter the market.
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Imagine that you are starting your own small business selling your photography services. You are planning to start small because you don’t have a lot of start-up funds; however, you know that it is important to have a website. You have decided to design and create your own website until you can afford a web designer. What elements will you include to ensure that your site is accessible and user-friendly? Explain and describe what essential elements you will focus on and include on your website and why.
The elements you should include to ensure your site is accessible and easy to use are:
PortfolioObjective languageContact informationVisual informationWhat elements should be focused on when creating a website?To sell a service, like the photographs exemplified in the question, it is essential that you first focus on creating a system with a simple programming that allows the target audience to easily find the information to contact you and your work portfolio.
Therefore, a website is essential for the business to build an online presence, where stakeholders can find all the information they need in an easy and objective way.
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Good domain name, website hosting, Portfolio, Objective language, contact information and Visual information are some of the essential elements.
What is start-up?A startup is a business that is just starting out. When one or more business owners wish to provide a good or service they think there is a market for, they launch startups.
One or two entrepreneurs who are driven to close a market gap with an innovative good or service commonly run startups. A startup business is more focused on quick and profitable growth within its target market than a small business that often prefers to remain small.
Thus, Good domain name, website hosting, Portfolio, Objective language.
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An incoming mba student took placement exams in economics and mathematics. In economics, she scored and in math. The overall results on the economics exam had a mean of and a standard deviation of , while the mean math score was , with a standard deviation of. On which exam did she do better compared with the other students?.
In comparison to the other students, the prospective MBA student performed higher on the math exam.
She performed better on the Mathematics exam since her scores were 2.1 standard deviations higher in mathematics and 1.25 standard deviations higher than the mean in economics.
We have the following information to assess how many standard deviations she was from the mean in each subject:
= (Score - Mean)/Standard deviation
For economics;
= (85 - 75)/8 = 10/8 = 1.25 sd.
For Mathematics:
= (89 - 68)/10 = 21/10 = 2.1 sd.
In essence, her scores in Economics and Mathematics were 1.25 standard deviations and 2.1 standard deviations, respectively, above the mean.
She thus outperformed other kids in Mathematics.
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when invested at an annual interest rate of 6% an account earned $180.00 of simple interest in one year. how much money was originally invested in account?
$3,000 was originally invested in account when invested at an annual interest rate of 6% an account earned $180.00 of simple interest in one year.
Interest paid by bank = 6%
Principle (invested) is unknown
Rate changed to decimal= 0.06
Time is 1 year
simple interest formula-
I = PRT
180= P *0.06*1
180/.06 = .06P/ .06
3,000 = P
$3,000 was originally invested in account.
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anheuser-busch may choose to segment its market based on heavy, moderate, and light drinkers of its alcoholic beverages. this is an example of market segmentation based on
Its alcoholic beverages. This is an example of market segmentation based on behavioristic variables.
Based on demographics, needs, priorities, shared interests, and other psychographic or behavioral criteria used to better understand the target audience, market segmentation divides a market into subsets.
What is the purpose of market segmentation?the segmentation of a market into groups based on consumer knowledge and behavior regarding a specific product. Benefits sought, user status, usage frequency, level of loyalty, and buyer readiness stage are behavioral variables that are frequently used to divide markets into subgroups.Based on demographics, needs, priorities, shared interests, and other psychographic or behavioral criteria used to better understand the target audience, market segmentation divides a market into subsets. You can use this targeting in your product, sales, and marketing strategies by understanding your market segments.To learn more about : Market segments.
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suppose an annuity pays 12% annual interest, compounded monthly. to save for retirement, you invest in this annuity, contributing $450 every month for 10 years. what is the balance in this account after 10 years? enter your answer rounded to the nearest hundred dollars and omit the dollar sign and comma. (for example $12,970.21 should be entered as 13000).
The value of annuity at the end of 10 years is $ 4225.094167
Use a formula to determine the annuity in case of periodically deposit as
Annuity factor = {[(1+r)^n] - 1} / r
Where P is periodic deposit amount interests,
r rate annually is the number of times compounded annually and
t is time in a year.
We have been given that investment in an annuity that pays 12% interest, compounded annually. You contribute $4,50 each year for 10 years
Here,
P = $450, r = 12% = 0.012,
t =10 years
Annuity factor = [(1 + 0.012)^10-1] / 0.012
Annuity factor = 4225.094167
The value of annuity at the end of 10 years is $ 4225.094167
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the forced distribution method lists the employees being rated from highest to lowest based on their performance levels and relative contributions. question 31 options: true false
True The rater must force employee evaluations into a bell-shaped curve when using the forced distribution performance appraisal rating method.
What is forced distribution?
The rater must force employee evaluations into a bell-shaped curve when using the forced distribution performance appraisal rating method. To learn more, go to Managing Employee Performance.
swiftly and easily Another benefit of this approach is that it is a quick and simple model to comprehend and use. Due to the grouping of all employees, HR finds it very easy to tailor development programs to the right abilities.
Poor employee morale is frequently a result of forced distribution. Many workers who are in the middle of the corporate ladder believe they should be higher. Particularly hard-working employees get upset over not being in the top categories. The system may also result in a decline in corporate talent.
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during a period of falling prices, which of the following inventory methods generally results in the lowest balance sheet amount for inventory? a.average cost method b.lifo method c.fifo method d.cannot tell without more information
During a period of falling prices, the inventory method generally results in the lowest balance sheet amount for inventory is FIFO Method.
What is FIFO Method?First in, first out (FIFO) is an uncomplicated approach of inventory valuation based on the presumption that commodities acquired or created first are sold first. This implies that older inventory is distributed to customers before fresh inventory, in theory. In order to calculate LIFO (Last-in, First-Out), multiply the cost of your most recent inventory by the quantity of goods sold, as opposed to FIFO (First-In, First-Out), which multiplies the cost of your oldest inventory by the quantity of inventory sold.First-In, First-Out ("FIFO") bases its production costs on the presumption that the oldest products in an organization's inventory have been sold first. The LIFO ("Last-In, First-Out") system substitutes using expenses from the most recent products sold first in a company's inventory.To learn more about FIFO Method refer to:
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a government offers a defined contribution pension plan for police and firemen. the general fund makes its annual contribution to the pension trust. how should the receipt of this money be reported by the pension trust fund?
Option C. As an Addition (contributions from employer)is the right answer.
The required details about pension plans is mentioned in below paragraph.
An employee benefit known as a pension plan requires the company to make regular contributions to a fund that is put aside to pay eligible employees after they retire. In the U.S. private sector, traditional pension plans are becoming progressively less common. An employer must make contributions to a pool of money set up for a worker's future benefit under a pension plan, which is a retirement strategy. Pension plans often fall into one of two categories: defined benefit or defined contribution. A fixed monthly payout is promised under a defined benefit plan. A defined contribution plan creates an investment account, which grows over the length of the employee's employment. The remaining amount will be available to the employee after retirement.
(COMPLETE QUESTION)
A government offers a defined contribution pension plan for police and firemen. The General Fund makes its annual contribution to the pension trust. How should the receipt of this money be reported by the Pension Trust Fund?
A. As an Other Financing Source.
B. As Interfund Revenue.
C. As an Addition (contributions from employer).
D. As a liability (Due to General Fund).
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