Business, 05.11.2019 02:31 HecptyAura

Sheffield corp. had the following inventory transactions occur during 2022: units cost/unit feb. 1, 2022 purchase 114 $48 mar. 14, 2022 purchase 197 $50 may 1, 2022 purchase 140 $52 the company sold 324 units at $67 each and has a tax rate of 30%. assuming that a periodic inventory system is used, what is the company’s gross profit using lifo?

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 16:50

Which of the following is the most important role of marketing in the process selection decision? identifying points of differentiation for mass customization. stimulating demand in developing markets. estimating and managing future demand. providing translation of the voice of the customer.

Answers: 2

Answer

Business, 21.06.2019 17:10

American gas products manufactures a device called a can-emitor that empties the contents of old aerosol cans in 2 to 3 seconds. this eliminates having to dispose of the cans as hazardous wastes. if a certain paint company can save $75,000 per year in waste disposal costs, how much could the company afford to spend now on the can-emitor if it wants to recover its investment in 3 years at an interest rate of 20% per year?

Answers: 1

Answer

Business, 22.06.2019 21:20

Which of the following best explains how trade enables greater specialization among producers? a. trade diversifies the market by bringing specialized goods from around the world. b. trade requires distribution networks and adds one more step to the production process. c. trade enables producers to open up new markets for their goods and services. d. trade allows people to focus on one kind of production and trade for their other needs.

Answers: 1

Answer

Business, 23.06.2019 00:20

E11-2 (multiple choice) identify the best answer for each of the following: which of the following statements about internal service fund liabilities is false? internal service funds may report both current and long-term liabilities. internal service funds may not issue bonds for financing purposes. internal service funds may report contingent liabilities. due to other funds would be reported as a current liability

Answers: 3

Answer

You know the right answer?

Sheffield corp. had the following inventory transactions occur during 2022: units cost/unit feb. 1,...

Questions