Answer:
An adjustment factor is determined by the 'Valuer-General'
Explanation:
adjustment Factors are resolved for all properties inside a civil territory. The Valuer-General may decide Alteration Factors for characterized classes of property on a district, territory, or group of localities basis within a premise inside a city territory. These are applied to government valuations currently in force.
In occurrences where a revaluation is being completed inside a metropolitan region, utilization of Adjustment Factors won't be fundamental as the revaluation itself will be utilized by the applicable experts in the figuring of rates and expenses.
Answer and Explanation:
As per the data given in the question,
a)
1. FIFO inventory > LIFO inventory
(Because in case of LIFO recent purchases are considered in production first or sold first so the remaining inventory are old inventory which is less costlier.)
2. FIFO cost of goods sold < LIFO cost of goods sold
(Because in case of LIFO recent purchases are considered in production first which are expensive so the cost of production is greater than FIFO.)
3. FIFO net income > LIFO net income
(Because cost of production is less under FIFO and the value of closing inventory is high, therefore the net income is also high.)
4. FIFO income taxes > LIFO income taxes
(Since, income is high in FIFO, therefore the tax under FIFO will be higher.)
b)
Management would like prefer to use LIFO over FIFO in periods of rising prices because Income shown in the company's Tax return will be higher if we use FIFO rather than using LIFO.
Answer:
Im pretty sure they can't do that
Explanation:
Because its a learning app not a money making app.
Answer:
The Present Value (PV) of the car is $13,614
Explanation:
Computing the Present Value of the car using the excel formula of Present Value which is as:
=PV(rate,nper,PMT,fv,type)
where
rate is 9%
nper is number of years is 5
PMT is annual payments which is of -$3,500
FV is Future value which is not given
Type is 0
Putting the values above:
=PV(9%,5,-3500,0)
= $13,613.78 or $13,614
Therefore, the present value of the car amounts to $13,614
Answer:
-$720 unfavorable
Explanation:
The computation of the material quantity variance is shown below:
= Standard Price × (Standard Quantity - Actual Quantity)
= $18 per pound × (610 pounds - 650 pounds)
= $18 per pound × -40 pounds
= -$720 unfavorable
Simply we take the difference between the standard quantity and the actual quantity and then multiply it by the standard price so that the correct value can come
