Rose industries had 400 units of product ab in their inventory, costing $12 each. 600 more units of product ab were purchased for $18 each. rose industries eventually sold 700 units for $30 each. by what amount did the lifo liquidation overstate normal gross profit?
a.$ -0-
b.$1,200
c.$1,800
d.$ 600
The company in here is forced to sale their older inventory because of the demand of 700 units while the inventory that last entered their warehouse was only 600 units. Since they are following the LIFO method of inventory, LIFO liquidation will take place and the normal gross profit will differ than the actual profit. The sales for Rose Industries would be $21,000 (700 units x $30). The COGS should have been $12,600 (700 units x $18) following the normal sale of inventory giving the normal gross profit as $8,400 ($21,000 - $12,600). But since the demand is higher than the inventory that was last purchased, the company needs to sell 100 units of product ab that costs $12. Therefore, the COGS would be $12,000 [(600 units x $18) + (100 units x $12). Therefore the actual gross profit is $9,000 which is $600 higher than the normal gross profit.
Most modern cars have __________ designs that weigh less and can be built more cheaply.
Is mercury an appropriate target for agi? why or why not?
The nodes on the original internet system were ________. large corporations marketing companies educational institutions military bases
Which of the following can increase your credit card's APR?
A.) Paying the minimum
B.) Missing a credit card payment
C.) Paying off the full balance
D.) Cashing in on rewards points
Which results from a large company's ability to take advantage of economies of scale?
_____ is key to successful employment, readiness, and use of reserve component forces.
The goal to identify whether some tasks are consistently performed poorly and/or whether there are deficient ksaos across the work force is known as:
The goal in order to identify if the task are performed in a poor or good manner and if there are any deficient KSAO’s in the workforce is known as the task analysis. This is a process about having to use observation as a way of having to understand tasks or details that are being performed and if the goal has been reach.
A power line cut has isolated 50 sowbugs from its original population of 15,000. after only five generations, the new population exhibits dramatic genetic differences from the original one, most likely because
The reason why the new population exhibits dramatic genetic difference from the original one probably by chance, the allele frequencies of the isolated sow bugs differed from those in the original population, and subsequent genetic drift caused further divergence from the original gene pool.
How much schooling do you need to become a pediatric nurse?
Final answer:
To become a pediatric nurse, you need to earn a Bachelor of Science in Nursing (BSN) degree and obtain a Registered Nurse (RN) license.
Explanation:
To become a pediatric nurse, you will need to complete a certain level of schooling. In general, you will need to earn a Bachelor of Science in Nursing (BSN) degree. This typically takes around 4 years to complete. Additionally, after completing your BSN, you will need to obtain a Registered Nurse (RN) license by passing the National Council Licensure Examination for Registered Nurses (NCLEX-RN).
A __________ is an alcove, usually found in a tea house, where a zen scroll or a simple flower arrangement may be displayed.
If the purpose of an insurance policy is to protect property from loss or damage, the insurance is ______ insurance.
Which is the best timeline entry based on the information above (1 point)?
1837 Douglass joined the East Baltimore Improvement Society, is the best timeline entry based on the information. Thus, option (b) is correct.
What is Society?
The term "society" refers to a group of people. The society encompasses various cultures, traditions, and languages. People are similar in the group that is called society. The various communities of people comprise the society. People are similar in their looks and their interactions with each other.
During the period of the 1837 re the based on the timeline of the information. This period is they basically cover the important events of the slaves are the running away are the challenging in the time are the consists of the East Baltimore Improvement Society. The time was on the differences of the white and the black people.
1837 Douglass joined the East Baltimore Improvement Society, is the best timeline entry based on the information. Therefore, option (b) is correct.
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Your question is incomplete, but most probably the full question was.
The famous social reformer Frederick Douglass was born in 1818 in Tuckahoe, Maryland. He was mostly raised by his grandmother. Douglass was born a slave and remained so until 1838, when he escaped slavery by borrowing the papers of a freed slave and moved to New York. Just a few years before, in 1836, he was hired out and worked in a shipyard in Baltimore. He joined the East Baltimore Improvement Society there in 1837. 1. Which is the best timeline entry based on the information above? (1 point)
A. Social reform begins in the 1800s.B. 1837 Douglass joined the East Baltimore Improvement Society.C. Douglass escapes slavery and moves to New York in 1839.D. 1838 Frederick Douglass dies.Suppose a professional basketball game is to be played at a suburbansuburban arena, which increases demand for parking on the night of the game. if the suburbansuburban area has thethe ability to create additional parking during periods of peak demand, then
Your car needs a new engine and it cost $1,000. you currently have $600 to invest at 7% compound annually, how long will you have to wait to buy the engine?
What is the best way to increase the availability of ecotourism? fly in more people from around the world. reduce the prices so more people can afford the trips. increase the amount of protected lands, parks, and conservation areas. reduce the standards of ecotourism?
Philosophers draw a distinction between ___________________, which describe the world as it is, and normative statements, which describe how the world should be.
Philosophers distinguish between positive statements and normative statements. Positive statements describe the world as it is, while normative statements describe how the world should be based on subjective opinions and values.
Explanation:Philosophers draw a distinction between positive statements, which describe the world as it is, and normative statements, which describe how the world should be. Positive statements are factual and can be tested for truth or falsehood, while normative statements are subjective opinions based on values.
Debra wanted to form a partnership with lawrence. he agreed and they became co-owners in an equal partnership. this year, after expenses, the partnership had a profit of $200,000. how will the taxation of this profit be handled?
Anthropologists conducting fieldwork may experience a particular kind of disorientation from the "strangeness" they discover. what is this often attributable to?
True or false - the power to levy federal income taxes rests with the u.s. congress
Which organization audits charts regularly?
The Joint Commission (TJC) is the agency in charge of conducting routine chart audits. TJC is a non-profit organization that certifies and accredits American healthcare companies. The purpose of TJC's chart audits is to make sure that healthcare facilities deliver dependable care.
A group of surveyors from TJC examines patient medical information as part of its chart audits. The surveyors examine the documentation for factors like completeness, correctness, and timeliness. Additionally, they search for proof that the treatment was secure and efficient.
TJC will provide the healthcare institution with a deficiency report if they discover any issues with the medical records. The healthcare system will then need to take action to fix the issues.
TJC's chart audits play a significant role in guaranteeing the standard of treatment in the US. They support maintaining fast, accurate, and comprehensive medical records for patients. They also aid in ensuring the security and efficiency of the medical services given.
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What property of waves is the worker taking advantage of by wearing ear protectors?
In programming terms, a group of characters inside a set of quotation marks is called a(n):
The value of the bond at maturity, or the payment due at repayment, is known as the
The value of the bond at maturity, or the payment due at repayment, is known as : face value or par value.
What is face value or par valueFace value can be defined as the amount that an investor will receive or be paid after the investor bond matures.
When an investors or bondholder purchases a bonds the investor is expected to receive his/her face value.
Therefore The value of the bond at maturity, or the payment due at repayment, is known as : face value or par value.
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What has been the impact of offshore outsourcing of jobs on American workers?
If the cpi is 200 in year 1980 and 300 today, then $600 in 1980 is equivalent to ______ today.
If the cpi is 200 in year 1980 and 300 today, then $600 in 1980 is equivalent to $900 today.
To determine the equivalent value of $600 from 1980 in today's dollars, we use the Consumer Price Index (CPI) to adjust for inflation.
Given:
CPI in 1980 = 200
CPI today = 300
Amount in 1980 = $600
The CPI in 1980 is given as 200, and today's CPI is 300. We can use the following formula to find the equivalent value:
Equivalent Value Today = Amount in 1980 × (CPI Today / CPI in 1980)
Substituting the given values:
Equivalent Value Today = $600 × (300 / 200)Equivalent Value Today = $600 × 1.5 Equivalent Value Today = $900So, $600 in 1980 is equivalent to $900 today.
In the early days of book publishing, publishers functioned as:
The publishers in the early days of book publishing are considered to be no other than just a printer for they are able to publish books and have them written on a reading material which is why they are functioned to be as printers.
A maple sugar manufacturer wants to estimate the average trunk diameter of sugar maples trees in a large forest. there are too many trees to list them all and take a srs, so he divides the forest into several hundred 10 meter by 10 meter plots, selects 25 plots at random, and measures the diameter of every sugar maple in each one. this is an example of a
The maple sugar manufacturer employs Cluster Sampling, a statistical sampling technique. Dividing the large forest area into smaller sections allows for effective data collection and offers a reasonable approximation of the overall average trunk diameter of the sugar maple trees in the forest.
Explanation:This is an example of an Cluster Sampling methodology under the branch of statistics. By dividing a large area into small clusters (10 meter x 10 meter plots), the maple sugar manufacturer accurately estimates the average trunk diameter of the sugar maple trees. Each of the randomly picked 25 clusters serves as a representative subset of the whole forest. The method is particularly useful when the population of interest is not conveniently listed or is dispersed over a large area, such as trees in a forest.
Akin to this context, an example of similar application is when a scientist is studying large populations of deer in various forests. The scientist would divide each forest into clusters, perhaps by certain geographic landmarks, and then randomly select some of those clusters for blood testing.
By selecting and averaging the measurements from every sugar maple in each of the 25 plots, the overall average trunk diameter for sugar maples in the entire forest can be estimated with reasonable accuracy.
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The part of the shore that extends seaward from the low tide shoreline to the low tide breaker line is known as the ________.
You can further increase the usability of your form by adding a descriptive title to each fieldset. such a title is known as a ____.
A descriptive title for a fieldset in an HTML form is known as a legend. It improves usability and accessibility, and forms should have descriptive and meaningful titles when converted into HTML.
When creating a form in HTML, it's crucial to enhance its usability. This can be achieved by adding a descriptive title to each fieldset. Such a title is known as a legend. This practice not only helps form developers keep their content organized, but it also significantly improves accessibility for users, including those using screen readers. When the document is ever converted into HTML, it should be given a descriptive and meaningful title, to ensure clear communication of the form's purpose.