When co. was using LIFO, it reported high COGS, leading to lower operating income than FIFO. When converted to FIFO, COGS must be adjusted for the same and deducted by the change in LIFO reserve, followed by higher operating income and taxes. These taxes were paid in cash immediately as mentioned inRead more
When co. was using LIFO, it reported high COGS, leading to lower operating income than FIFO. When converted to FIFO, COGS must be adjusted for the same and deducted by the change in LIFO reserve, followed by higher operating income and taxes. These taxes were paid in cash immediately as mentioned in the question. When cash was paid, it will affect assets.
The income statement is for this year only, that is why we adjust the change in LIFO reserves, where the balance sheet is reported till date, we have to adjust assets on till now basis, i.e. LIFO reserve.
Agar aap Sanjay Saraf Sir se class liye ho to aapko pta hoga sir apne class m ek line use krte h "Price shrma kr bdhta h" Discount wala price dheere dheere Pull to Par hoga aur premuim wala bond jyada Pull to Par hoga, isleye Maturity effect discount wale bond m jyada aayega. Hope I could explain myRead more
Agar aap Sanjay Saraf Sir se class liye ho to aapko pta hoga sir apne class m ek line use krte h
“Price shrma kr bdhta h”
Discount wala price dheere dheere Pull to Par hoga aur premuim wala bond jyada Pull to Par hoga, isleye Maturity effect discount wale bond m jyada aayega.
This is one where you think about interest rates of bonds or cost of bond. If markets are passive or illiquid, there will be higher cost for bonds, same as for weak legislation. If inflation is low, it will lead to low inflation premium, therefore low cost for debt. As result for this, companies wilRead more
This is one where you think about interest rates of bonds or cost of bond. If markets are passive or illiquid, there will be higher cost for bonds, same as for weak legislation.
If inflation is low, it will lead to low inflation premium, therefore low cost for debt. As result for this, companies will be ready to use more long term debt at lower cost.
I personally couldn't crack this question, I found the solution on the link mentioned below and copied the same. https://quizlet.com/vn/551037964/mock-exam-misses-flash-cards/ (S + I) = + (G - T) + (X - M) Domestic savings (S) is given as 638. Total private investment (I) = Business grRead more
I personally couldn’t crack this question, I found the solution on the link mentioned below and copied the same.
I guess your calculations might be wrong somewhere. Because the final answers I am getting are 29,946.43 for the first and 37,089.29 for the second. Though getting to the same conclusions. Please Verify.
I guess your calculations might be wrong somewhere. Because the final answers I am getting are 29,946.43 for the first and 37,089.29 for the second. Though getting to the same conclusions. Please Verify.
Cash Payment made to the vendor is 380. COGS meaning 450 ka maal bika, out of which 40 ka maal purani inventory se nikala, matlab 410 ka maal khareeda prr jismei se 30 abhi pay nahi kia.. cash payment 380 ka kia. We have sold goods for 450 out of which we used older inventory of 40, which resRead more
Cash Payment made to the vendor is 380.
COGS meaning 450 ka maal bika, out of which 40 ka maal purani inventory se nikala, matlab 410 ka maal khareeda prr jismei se 30 abhi pay nahi kia.. cash payment 380 ka kia.
We have sold goods for 450 out of which we used older inventory of 40, which results in purchases of 410 but we haven’t paid 30, which leads to cash payments made this year that is 380.
How does option B and C differ?
Dividend paid as in paid in cash. Interest expense as in recognized the expenses but not paid yet. Interest paid is paid in cash.
Dividend paid as in paid in cash.
Interest expense as in recognized the expenses but not paid yet. Interest paid is paid in cash.
See lessEconomics Supply and Demand
Is the correct answer A?
Is the correct answer A?
Mock Question on FRA
Because company can only restate building's value to cost not more than that. Hence, profit will be 200 (1000-800).
Because company can only restate building’s value to cost not more than that. Hence, profit will be 200 (1000-800).
See lessInventory : Tax paid on higher cumulative profits
When co. was using LIFO, it reported high COGS, leading to lower operating income than FIFO. When converted to FIFO, COGS must be adjusted for the same and deducted by the change in LIFO reserve, followed by higher operating income and taxes. These taxes were paid in cash immediately as mentioned inRead more
When co. was using LIFO, it reported high COGS, leading to lower operating income than FIFO. When converted to FIFO, COGS must be adjusted for the same and deducted by the change in LIFO reserve, followed by higher operating income and taxes. These taxes were paid in cash immediately as mentioned in the question. When cash was paid, it will affect assets.
The income statement is for this year only, that is why we adjust the change in LIFO reserves, where the balance sheet is reported till date, we have to adjust assets on till now basis, i.e. LIFO reserve.
See lessFixed Income Valuation
Agar aap Sanjay Saraf Sir se class liye ho to aapko pta hoga sir apne class m ek line use krte h "Price shrma kr bdhta h" Discount wala price dheere dheere Pull to Par hoga aur premuim wala bond jyada Pull to Par hoga, isleye Maturity effect discount wale bond m jyada aayega. Hope I could explain myRead more
Agar aap Sanjay Saraf Sir se class liye ho to aapko pta hoga sir apne class m ek line use krte h
“Price shrma kr bdhta h”
Discount wala price dheere dheere Pull to Par hoga aur premuim wala bond jyada Pull to Par hoga, isleye Maturity effect discount wale bond m jyada aayega.
Hope I could explain myself well in Hinglish.
See lesslong term bond
This is one where you think about interest rates of bonds or cost of bond. If markets are passive or illiquid, there will be higher cost for bonds, same as for weak legislation. If inflation is low, it will lead to low inflation premium, therefore low cost for debt. As result for this, companies wilRead more
This is one where you think about interest rates of bonds or cost of bond. If markets are passive or illiquid, there will be higher cost for bonds, same as for weak legislation.
If inflation is low, it will lead to low inflation premium, therefore low cost for debt. As result for this, companies will be ready to use more long term debt at lower cost.
See lessThe trade deficit
I personally couldn't crack this question, I found the solution on the link mentioned below and copied the same. https://quizlet.com/vn/551037964/mock-exam-misses-flash-cards/ (S + I) = + (G - T) + (X - M) Domestic savings (S) is given as 638. Total private investment (I) = Business grRead more
I personally couldn’t crack this question, I found the solution on the link mentioned below and copied the same.
https://quizlet.com/vn/551037964/mock-exam-misses-flash-cards/
(S + I) = + (G – T) + (X – M)
Domestic savings (S) is given as 638.
Total private investment (I) = Business gross fixed investment + Change in inventories = 538 + (-16) = 522.
Total government spending (G) = Government spending + Government fixed investment = 666 + 118 = 784.
Tax on households = Personal income – Personal disposable income. Net tax paid by households = Tax on households – Transfer payments to consumers.
Total government revenues (T) = Net tax paid by households – Transfer payments + Other tax revenues = (2,456 – 1,930) – 348 + 440 = 618.
Net government spending (G – T) = Total government spending – Total government revenues = 784 – 618 = -166.
Trade deficit = (X – M) = (S – I) – (G – T) = (Total domestic saving – Total private investment) – Net government spending = (638 – 522) – 166 = -50
See lessaggregate income
I guess your calculations might be wrong somewhere. Because the final answers I am getting are 29,946.43 for the first and 37,089.29 for the second. Though getting to the same conclusions. Please Verify.
I guess your calculations might be wrong somewhere. Because the final answers I am getting are 29,946.43 for the first and 37,089.29 for the second. Though getting to the same conclusions. Please Verify.
See lessCurrency exchange rate
Answer should be A. F(USD/GBP) = 1.5775 X 1.015/1.025 = 1.5621.
Answer should be A.
F(USD/GBP) = 1.5775 X 1.015/1.025 = 1.5621.
See lessCash flow statement
Cash Payment made to the vendor is 380. COGS meaning 450 ka maal bika, out of which 40 ka maal purani inventory se nikala, matlab 410 ka maal khareeda prr jismei se 30 abhi pay nahi kia.. cash payment 380 ka kia. We have sold goods for 450 out of which we used older inventory of 40, which resRead more
Cash Payment made to the vendor is 380.
COGS meaning 450 ka maal bika, out of which 40 ka maal purani inventory se nikala, matlab 410 ka maal khareeda prr jismei se 30 abhi pay nahi kia.. cash payment 380 ka kia.
We have sold goods for 450 out of which we used older inventory of 40, which results in purchases of 410 but we haven’t paid 30, which leads to cash payments made this year that is 380.