Explain LIFO method and list three advantages of LIFO method?

Q: Information on SCUM REFUSE Co.'s defined benefit plan is shown below: • Fair value of plan assets,…

A: The benefit in a defined-benefit plan is predetermined: a monthly payment in retirement based on the…

Q: List two advantages of using NPV.

A: Net present value is the difference between the present value of cash inflows and the present values…

Q: Gros

A: 9.     Mr. Jordon is a resident citizen :-   In this case his income in…

Q: Describe about the DVL methods and what are its advantages?

A: Dollar-value-LIFO: This method shows all the inventory figures at a dollar price rather than units.…

Q: Describe about the LIFO and FIFO method.

A:

Q: 9. If total assets increased to P150,000 during the year and total liabilities decreased to…

A: Owners equity is the total amount attributable to the owners of the business. This is calculated by…

Q: A P1,000 bond which will mature in 10 years and with a bond rate of 8% payable annually is to be…

A: Face value (F) = P 1000 n = 10 years Coupon = 8% of 1000 = P 80 Let r = YTM

Q: Lewis Corporation Lewis Corporation had traditionally used the FIFO method of inventory valuation.…

A: Inventory :- A company's inventory is a valuable asset. It is a significant source of revenue.…

Q: The following transactions occur for T-Bird Music Academy during the month of October: 1. Provide…

A: Accounting equation is one of fundamental concept being used in accounting. As per this, total…

Q: Thventcay End Job 75 incurred the following costs for the manufacture of 200 units of motors:…

A: Since the rework costs were completely related to the Job 75, the total rework costs should be…

Q: Explain

A: LCNRV method means Lower of cost and net realizable value method.

Q: Who has more savings at the end of 10 years

A: Future Value of an investment is summation of interest accumulated on the investment value, along…

Q: Describe the PW method?

A: There are different types of methods for comparing the worthiness of the projects. Some of the tem…

Q: Define NRV method.

A: Definition:   Product costs: The costs incurred to acquire the merchandise, ship the stock, prepare…

Q: AMNESTY PARDON Co. has a post-employment benefits plan that is considered as defined contribution…

A: Retirement benefits expense is the expense that a company incurs on their employees to save for…

Q: What is the equivalent rate of 10% compounded semi-annually to compounded daily? 9.7594% 9.6594%…

A: Computation of 10% compounded semi-annually: Effective rate=1+10%22-1=1.1025-1=10.25%

Q: What are the advantages and disadvantages of  LIFO?

A: Last-in-First-Out: In Last-in-First Out method, the costs of last purchased items are considered as…

Q: The following information are related to Citrus Corporation: Sales Asset Turnover Debt to Equity…

A: Working :-  1) Calculation of total assets :-  We know that, Asset turnover = Sales / Total Assets…

Q: Explain the benefits of JIT.

A: Just-in-time manufacturing system: Just-in-time (JIT) manufacturing system is an approach to…

Q: What are two advantages of ADR? List and provide an example for each.

A: ADR refers to the American Depositary Receipt. ADR is a negotiable certificate which represents a…

Q: Calculate NRV method?

A: Joint cost allocation is needed to be done when after the split-off point a product is changed into…

Q: John Grisham, author of the best-selling novel "The Chamber" sold its copyright to Warner Bros. for…

A: Here in this question, we are required to compare two alternatives. We will first calculate the…

Q: What is the full form of ERP? Explain ERP with examples?

A: ERP means Enterprise Resource Planning, it is a process management software used by organizations to…

Q: 1. Assume that on January 1, 2020 Aldous invested Php 100,000 in a financing company. Aldous would…

A: As per Bartleby guidelines, If multiple questions are posted , only first 1 question will be…

Q: What is CVP analysis? Give three examples?

A: CVP Analysis:CVP analysis establishes the relation between cost, volume and profit of the company.…

Q: Mr

A: 1.  Compute the total passive income          Interest income form 5/6  100,000          Bank…

Q: Quantity data: WIP, beg Stage of Completion Units placed in process Units transferred out WIP, end…

A: What is meant by a production cost report?Production Cost Report - It is the report under which a…

Q: Michael has decided to invest $40,000 in three types of funds. Fund A has projected an annual return…

A: Investment amount = $ 40000 Return on fund A = 8% Return on fund B = 10% Return on fund C = 9%…

Q: explain using the IRAC model.

A: IRAC model refers to Issue, Rule, Application as well as conclusion which is considered as an…

Q: During the current year, the following manufacturing activity took place for a company's products.…

A: Introduction: FIFO: FIFO stands for First in First out. Which means first received inventory to be…

Q: An amortization of a debt is in a form of a gradient series of P5,000 on the first year, P4,500 on…

A:

Q: 5. A 90-day note promises to pay 6,500 plus simple interest of 6 3/4%. It is disc 5% simple discount…

A: In this we have to determine simple interest and than calculate maturity value.

Q: Tower City aims to construct a new bypass between two main routes that will reduce commuter travel…

A: To determine whether Tower City should construct the new road, we need to calculate the Net Present…

Q: Explain the objectives of FIFO method.

A: First-in-First-Out: In First-in-First-Out method, the costs of the initially purchased items are…

Q: SHOW COMPLETE SOLUTION PLEASE.

A: NET INCOME: In business and accounting, net income is also known as net earnings, net profit is a…

Q: A P1,000,000 issue of 3%, 15-year bond was sold at 95%. What is the rate of interest of this…

A: Par value = P 1,000,000 Issue price = 1000,000*0.95 = 950,000 Coupon rate = 3% Coupon amount =…