Business, 14.12.2019 02:31 woodsjnjoseph3
In 20x2, the robinson company switched its inventory method from fifo to average cost. inventories at the end of 20x1 were reported in the balance sheet at $22 million. if the average cost method had been used, 20x1 ending inventory would have been $20 million. ending inventory in 20x2 is $23 million using average cost, and would have been $26 million if the company had not switched from the fifo method. the journal entry to adjust the accounts to reflect the average cost method would be:
a. debit retained earnings and credit twentory for $2 million
b. debit retained earnings and credit inventory for $3 million
c. debit inventory and credit retained earnings for $1 million
d. debit inventory and credit cost of goods sold for $3 million,
Answers: 1
Business, 21.06.2019 16:20
Homestead jeans co. has an annual plant capacity of 65,000 units, and current production is 45,000 units. monthly fixed costs are $54,000, and variable costs are $29 per unit. the present selling price is $42 per unit. on november 12 of the current year, the company received an offer from dawkins company for 18,000 units of the product at $32 each. dawkins company will market the units in a foreign country under its own brand name. the additional business is not expected to affect the domestic selling price or quantity of sales of homestead jeans co. a. prepare a differential analysis dated november 12 on whether to reject (alternative 1) or accept (alternative 2) the dawkins order. if an amount is zero, enter zero "0". for those boxes in which you must enter subtracted or negative numbers use a minus sign.
Answers: 1
Business, 22.06.2019 00:30
Which statement is true about the elements of the interface of a presentation program? a. the status bar appears at the top of the page and displays options to style your slides. b. the tool bar displays the thumbnails of your presentation slides in the order they will appear in the presentation. c. rulers indicate the margins, tabs, and indents in a presentation slide. d. the document area provides a list of commands to create, format, and edit presentations.
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Business, 22.06.2019 04:00
Match the type of agreements to their descriptions. will trust living will prenuptial agreement
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Business, 22.06.2019 22:00
Which of the following is a function performed by market prices? a. market prices communicate information to buyers and sellers. b. market prices coordinate the decisions of buyers and sellers. c. market prices motivate entrepreneurs to produce those products that are currently most desired relative to their costs of production. d. all of the above are functions performed by market prices.
Answers: 2
In 20x2, the robinson company switched its inventory method from fifo to average cost. inventories a...
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