Business, 21.10.2020 16:01 dianamachado14

At the end of January of the current year, the records of Donner Company showed the following for a particular item that sold at $15.00 per unit: Transactions Units Amount
Inventory, January 1 500 $2,500
Purchase, January 12 620 4,340
Purchase, January 26 100 900
Sale (380)
Sale (210)

Between FIFO or LIFO, which method would produce the more favorable cash flow?

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Answer from: AM28

FIFO method decreases COGS and increases net income, but both methods will result in a similar cash flow ($8,850).

Explanation:

cost of goods sold using FIFO:

380 x $5 = $1,900

(120 x $5) + (90 x $7) = $1,230

total = $3,130

profit = (590 x $15) - $3,130 = $5,720

cost of goods sold using LIFO:

(100 x $9) + (280 x $7) = $2,860

210 x $7 = $1,470

total = $4,330

profit = (590 x $15) - $4,330 = $4,520

assuming that the company does not incur any operating costs:

Cash flow from operating activities (using FIFO):

Net income $5,270

adjustments to net income:

Decrease in inventory $3,130

Net cash flow $8,850

Cash flow from operating activities (using LIFO):

Net income $4,520

adjustments to net income:

Decrease in inventory $4,330

Net cash flow $8,850

Answer from: Quest

Ithink its a hope it ! : )

Answer from: Quest

Via: "if you are found to be supplying or dealing drugs, the punishment is likely to be tough. supplying drugs doesn’t just apply to dealers. if police suspect that you intend to share drugs with your friends, this is still considered to be supplying.

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

- up to life in prison or an unlimited fine (or both) for a class a drug- up to 14 years in prison or an unlimited fine (or both) for a class b or class c drug."sorry if this was a school question, you didnt supply options so i assumed it was a personal question, which if it is, reconsider selling or having possesion of any drugs at all. i wish you the best!

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At the end of January of the current year, the records of Donner Company showed the following for a...

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