subject
Business, 09.11.2019 02:31 ltay92

During 2021, 34,000 units were purchased for $20 per unit. due to unexpected demand for the company's product, 2021 sales totaled 42,000 units at various prices, leaving 21,000 units in ending inventory. required: 1. calculate the amount to report for cost of goods sold for 2021. 2. determine the amount of lifo liquidation profit that the company must report in a disclosure note to its 2021 financial statements. assume an income tax rate of 25%. 3. if the company decided to purchase an additional 8,000 units at $20 per unit at the end of the year, how much income tax currently payable would be saved?

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 20:30
According to the law of demand, there is an inverse relationship between price and quantity demanded. that is, the demand curve for goods and services slopes downward. why?
Answers: 3
question
Business, 22.06.2019 10:30
Which maxim is being neglected in the following conversation? eli: how did you do at the track meet? caleb: i came in second place! eli: congratulations! what was your time? caleb: six minutes, four seconds. the guy who won only beat me by three seconds. eli: really? katie said the winning time was under 6 minutes. caleb: oh, well, he might have beat me by five seconds. a)maxim of quantity b)maxim of quality c)maxim of relevance d)maxim of manner
Answers: 1
question
Business, 22.06.2019 12:50
Afirm’s production function is represented by q(m,r) = 4m 3/4r1/3, where q denotes output, m raw materials, and r robots. the firm is currently using 6 units of raw materials and 12 robots. according to the mrts, in order to maintain its output level the firm would need to give up 2 robots if it adds 9 units of raw materials. (a) true (b) false
Answers: 3
question
Business, 22.06.2019 13:30
The purpose of safety stock is to: a. eliminate the possibility of a stockout. b. control the likelihood of a stockout due to variable demand and/or lead time. c. eliminate the likelihood of a stockout due to erroneous inventory tally. d. protect the firm from a sudden decrease in demand. e. replace failed units with good ones.
Answers: 1
You know the right answer?
During 2021, 34,000 units were purchased for $20 per unit. due to unexpected demand for the company'...
Questions
question
English, 13.02.2020 18:30
question
Mathematics, 13.02.2020 18:30
question
Mathematics, 13.02.2020 18:31
Questions on the website: 13722363