Answer:
b. $590
Explanation:
LIFO is the inventory costing method which assumes that the item purchased at last will be sold first and the item purchases earlier will be sold at last.
According to LIFO the inventory cost of McCarthy Company is as follow:
Date Description Price Unit Total Balance
November 1 Opening $19 20 $1,800 $1,800
November 4 Sale $19 (10) ($190) $1,610
November 10 Purchase $20 30 $600 $2,210
November 17 Sale $20 (20) ($400) $1,924
November 30 Purchase $21 10 $210 $2,134
Sale Cost in November = $190 + $400 = $590
Answer:
The current ratio is 2.75
The acid-test ratio is 1.36
Explanation:
In order to calculate the current ratio we would have to make the following calculatio:
Current Ratio
=Current Assets/Current Liabilities
Current Assets = Cash + Receivables + Inventory + Other current assets
= 109 + 101 + 189 + 25 = $424 million
Current Liabilities = Accounts Payable + Current portion of long term debt = 112 + 42 = $154 million
Therefore, current ratio=$424/$154
current ratio= 2.75
In order to calculate the acid-test ratio for Airline Accessories we would have to make the following calculation:
Acid - Test Ratio
=Cash + Receivables/Current Liabilities
Acid - Test Ratio=$210/$154
Acid - Test Ratio=1.36
Answer:
A level in an organization where groups specialists actually create value for the organisation.
Explanation:
Functional level approach is used by the management of an organisation to monitor the level of activities carried out by various departments.
Functional level outlines how different employees in each departments such as marketing, production carry out their various tasks to achieve the set goals and objectives of the organisation. Functional level approach utilized a number of specialists that are present within the functional loacation. It also helps in the proper allocation of resources to different departments so as to maximise profit.
Answer:
D) 86,000
Explanation:
(20,000)(4/5)+60,000+(30,000)(1/3) = 86,000
Answer:
The correct answer is letter "C": Planning.
Explanation:
During the planning stage of the strategic marketing process, the decision of what good or service to be provided is taken. At this point, the association chooses the path that is going to be followed to produce the good or service intended to be traded and the guidelines that must rule the company to reach that objective.
