During 2017, Sheffield Company changed from FIFO to weighted-average inventory pricing. Pretax income in 2016 and 2015 (Sheffield’s first year of operations) under FIFO was $162,140 and $181,860, respectively. Pretax income using weighted-average pricing in the prior years would have been $153,100 in 2016 and $174,200 in 2015. In 2017, Sheffield reported pretax income (using weighted-average pricing) of $205,200. Show comparative income statements for Sheffield, beginning with "Income before income tax," as presented on the 2017 income statement. (The tax rate in all years is 25%.)

Answers

Answer 1

Answer:

Net Income for 2017,2016 & 2015 are $153,900, $114,825 and $130,650 respectively.

Explanation:

                                                      2017            2016           2015

Income before income taxes      $205,200  $153,100    $174,200

Less: Income taxes at 25%          ($51,300)   ($38,275)   ($43,550)

Net Income                                  $153,900    $114,825   $130,650


Related Questions

Does anybody know the answer to this question?

Answers

Answer:

The answer is A and B: professional and friendly ^^

Hope you find the answer helpful :)

Answer: Professional and Friendly

Explanation:

Incomplete and Grammatically incorrec cannot be tones of voice.

he Acmeville Metropolitan Bus Service currently charges $0.99 for an all-day ticket, and has an average of 433 riders a day. The bus company is not earning a profit, but according to their contract with the city, they cannot cut the number of buses on the road. They must therefore find a way to increase revenues. The bus company is considering increasing the ticket price to $1.21. The marketing department\'s studies indicate this price increase would reduce usage to 169 riders per day.Calculate the absolute value of the price elasticity of demand for bus tickets using the simple percentage change method to determine if the bus company should increase price or decrease price to increase revenues.

Answers

Answer:

2.77

the bus company should  decrease price to increase revenues.

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.

percentage change in price = 1.21 / 0.99 - 1 = 0.222 = 22%

Percentage change in quantity demanded = 169 / 433 = -0.6097 = - 60.97%

Elasticity of demand = 60.97% /  22% = 2.77

Demand is elastic, so if price in reduced, there would be a rise in quantity demanded that would exceed the rise in price. This would increase revenues

Why is determining the selling price in the global marketplace an extremely difficult task? A.Many countries still have rules governing the competitive marketplace, including those that affect pricing.B.The major challenge is identifying the elements that need to be adapted to be effective in the global marketplace.C. Distribution can be challenging in some countries if the transportation infrastructure is inadequate.D. Differences in language, customs, and culture also complicate marketers' ability to communicate with customers in various countries.E. The number of firms with which the seller needs to deal to get its merchandise to the consumer determines the complexity of a channel

Answers

Answer: A.Many countries still have rules governing the competitive marketplace, including those that affect pricing.

Explanation:

Determining the selling price in the global marketplace can be an extremely difficult task because many countries still have rules governing the competitive marketplace, including those that affect pricing.

A example of this is the situation with nations that possess weak currencies, such economies typically surplus labor which can lead to their products being cheaper in global markets.

Also, some nations try to protect their local industries and therefore use several methods like tariffs, quotas, ban on certain goods etc. These all have effects on the pricing of the goods.

explain the history of the country’s economy of cuba

Answers

Answer:

The economy of Cuba is a largely planned economy dominated by state-run enterprises.The country's economy had grown rapidly in the early part of the century, However, from 1996, the State started to impose income taxes on self-employed Cubans.

Explanation:

use the table and proivded and explain the law of diminshing returns

plz help asap ​

Answers

Answer:

The law of diminishing returns states that at some point, the amount of additional output per amount of additional input decreases more and more as more inputs are used. In other words, at some point the marginal product will continuously decrease with more labor (input).

This is reflected in the table, where marginal product decreases past 2 units of labor. At 2 units, the marginal product is 14. This reduces to 6 at 3 units, and further to 2 with 12 units of labor.

Explanation:

Every day, Eloise talks with patients who suffer from drug abuse and helps them with their treatment plans. She sometimes works with Franklin who plans social events and outdoor activities on the drug facility grounds. Because some of the patients are there for months or years, Eloise and Franklin also work with Jessup, who takes care of patients’ hair care and other grooming needs. Which best describes the workers’ career pathways based on their tasks?

A.Eloise works in Family and Community Services, Franklin works in Counseling and Mental Health Services, and Jessup works in Personal Care Services.
B.Eloise works in Counseling and Mental Health Services, Franklin works in Personal Care Services, and Jessup works in Family and Community Services.
B.Eloise works in Personal Care Services, Franklin works in Family and Community Services, and Jessup works in Counseling and Mental Health Services.
C.Eloise works in Counseling and Mental Health Services, Franklin works in Family and Community Services, and Jessup works in Personal Care Services.

Answers

Answer:

D: Eloise works in Counseling and Mental Health Services, Franklin works in Family and Community Services, and Jessup works in Personal Care Services.

Explanation:

Its a wild guess, but it makes sense since Eloise deals with drug abuse which would be mental health and counseling, Franklin works on organizing local events (ive done this type of volunteering job before) so it would be a job that is apart of the community, and finally Jessup works (maybe) at a hair salon which would be more hair/personal care.

Correct me if iam wrong, and if iam right iam glad to have helped (if i did) :)

People do have careers. The option that best describes the workers’ career pathways based on their tasks is that;

 Eloise works in Counseling and Mental Health Services, Franklin works in Family and Community Services, and Jessup works in Personal Care Services.

A career path is known to be a kind of forward roadmap with short or long-term bench marks.

It is known to be a maps the ways an employee often takes from a lower-level position via a kind of successive roles to reach  their ultimate goal.

Learn more about  workers’ career pathways  from

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Please hurry

Select the examples that best demonstrate likely tasks for Energy Distribution workers Check all that apply. Harry oversees the flow of energy through large neighborhood networks. Sabrina supervises workers at an oil refinery. Hortencia drives a company van to job sites. Dan designs equipment for harvesting geothermal energy Renee uses equipment to start and stop energy flow in a customer's home. Benjamin follows state and local building codes when installing electrical systems.​

Answers

sorry i that im late

Its   3, 5 & 6

Answer:

C, E, F. (correct edge2020)

c. Hortencia drives a company van to job sites.

e. Renee uses equipment to start and stop energy flow in a customer’s home.

f. Benjamin follows state and local building codes when installing electrical systems.

Explanation:

This is because some common Energy Distribution tasks are:

-using equipment to start and stop energy flow, and connecting systems to energy sources.

-following state and local building codes (rules and standards for buildings and structures).

-driving or traveling to job sites.

Bob sells tires. He knows that his weekly sales drop if he increases the unit price p (in dollars). The weekly sales are given by an unknown function N(p). His weekly revenue is R(p)=pN(p). Bob is currently selling tires for 100 dollars each. His weekly sales are running at 120 tires per week, so N(100)=120. His marketing department estimates that he will lose 2 sales per week for each 10 dollar increase in unit price, so N′(100)=−0.2. Estimate Bob's increase in weekly revenue for each one dollar increase in tire price.

Answers

Answer:

Increase in weakly revenue = $9.8

Explanation:

Price (P) = 100, Demand or Sales N (P) = 120.

So revenue R(P) = P x N(P) = 120 x 100 = 120000

Given : 2 sales per week lost for 10 units increase in price.

New price  (P') = 110 , New Demand or sales N' (P) = 118

So new revenue R' (P) = P' x N' P = 110 x 118 = 12980

Change in Total revenue due to 10 units price rise = 12980 - 120000 = 980

So, change in total revenue due to one unit price rise = 980/ 10 = 9.8

Increase in weakly revenue = $9.8

Revenue refers to money and it is generated from normal business operations, Also it is calculated as the average sales price times the number of units sold.

Revenue

Price (P) = 100, Demand or Sales[tex]N (P) = 120.[/tex]

So The revenue is [tex]R(P) = P x N(P) = 120 x 100 = 120000[/tex]

Then Given information are: 2 sales per week lost for 10 units increase in price.

Now the New price is[tex](P') = 110[/tex] , New Demand or sales[tex]N' (P) = 118[/tex]

So new revenue[tex]R' (P) = P' x N' P = 110 x 118 = 12980[/tex]

Change in Total revenue due to 10 units price rise =[tex]12980 - 120000 = 980[/tex]

Thus, It is changed in total revenue due to one unit price rise = [tex]980/ 10 = 9.8[/tex]

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12X12+12-12=

answer is:

Answers

Answer:

144

Explanation:

Answer:

(12)(12)+12−12

=144+12−12

=156−12

=144

Which type of tort happens when you unfairly damage another company's reputation?
A.
Fraud
B.
Conflict
C.
Interference
D.
Defamation


Please select the best answer from the choices provided

A
B
C
D

Answers

Is c
Because is like your challenging them so it cant be any others

Answer:

D. Defamation

Explanation:

Defamation is when you make harmful false accusations towards a person and/or company

Lillian has a master's degree in logistical engineering. She has worked with large
manufacturing warehouses in the past. What company in the Manufacturing career
cluster might consider hiring Lillian?

a. a quick cement packaging company in need of a lab tech

b. an appliance manufacturer who creates several different items

c. a furniture upholstery firm looking for help with purchasing

d. a government agency in need of a safety inspector

Answers

C is the correct answe

what course requirements must be completed to earn a bachelors degree at most four-year colleges?

Answers

Answer:

120 semester credits or around 40 college courses but if the college does not use quarter system but use a semester system minimum of 180 quarter credits to earn the bachelors degree

What are the activities that should take place during the performing stage

Answers

Answer:

In the performing stage, the role of the mentor shifts from managing group dynamics to focusing on helping members grow and develop in positive ways. Mentors can turn their attention to identifying individuals' strengths and weaknesses, and helping mentees step out of their comfort zones.

Explanation:

who was the 20th president

Answers

Answer:

Of what country? Philippines or US or what??

Answer:

Kuroo Here!

Explanation:

It was James A. Garfield

Hope This Helps!! (^ '--')

Which of the following options is NOT an element of fiscal policy?

a
Business investment
b
Government spending
c
Taxes

Answers

Answer:

Business investment

Explanation:

Fiscal policy refers to the government's strategies on spending and taxation to influence economic conditions. By adjusting its spending and taxes, a government sways the aggregate demand in the country. The government applies fiscal policy in the following circumstances.

Stimulate economic recovery and growth in times of recession.Keep the inflationary pressures under control to maintain the inflation rate at the desired level.Ensure the steady growth of the economy. The government aims at avoiding a sudden boom and bust in the economy, which causes unstable market prices.

What are some of the steps that led to creating eHarmony?

What advantages did eHarmony have because it was not the first entrant into the online dating market space?

What disadvantages might there be as a late entrant into a market? Did eHarmony experience any or all of these? Which?

Why did Greg Forgatch believe that eHarmony’s first radio ad worked so well?

What key advertising concepts has eHarmony applied?

Answers

Answer and Explanation:

1. Eharmony was born out of Neil Clark Warren's(clinical psychologist and marriage counselor) research work on the psychology of satisfactory relationships through weighing compatibility by certain notable characteristics in individuals. It was on this basis that he set up eharmony which matches people based on principles from his research

2. Eharmony matches people using Neil's principles and this sets him apart from other dating sites

3. It worked so well because there was evidence that it Neil's matching couples model works because real couples were involved in the ad

4. Key advertising concepts was the involvement of real couples who started their relationship through eharmony showing that it actually works

A member of the House of Representatives would have to serve two terms to equal one term of the President.
O True
O False

Answers

True true true true true true

A swot analysis plays an important role in the marketing plan

Answers

Yes, a SWOT analysis does play an important role in the marketing plan

If the price of a bottle of orange juice is​ $1.50, then consumer surplus is an amount equal to the area A. under the demand curve and above the​ $1.50 price for each individual who buys and consumes orange juice. B. above the demand curve for each individual who buys and consumes orange juice. C. under the demand curve for each individual who buys and consumes orange juice. D. under the demand curve and above the​ $0.75 price for each individual who buys and consumes orange juice.

Answers

Answer:

A. under the demand curve and above the​ $1.50 price for each individual who buys and consumes orange juice.

Explanation:

Consumer surplus represents the difference between what consumers are willing to pay for a good and the actual sales price of the good. In this case, all the area below the demand curve and above the sales price is considered consumer surplus.

PLEASE HELP ME!!!! I WILL GIVE BRAINLIEST

Answers

Answer:

yes

Explanation:

Charlene has a monthly salary of $3,410. With her present budget, Charlene has a net income that is 7% of her monthly salary. Charlene is going to reduce her net income by $125 each month and put this money towards paying down her debt. What will Charlene’s new net income be? a. $113.70 b. $176.70 c. $229.95 d. $238.70 Please select the best answer from the choices provided A B C D

Answers

Answer:

a. $113.70

Explanation:

The computation of the new net income is shown below:

= Monthly salary × net income percentage - reduced amount of net income per month

= $3,410 × 7% - $125

= $113.70

Hence, the corrected net income is $113.70

Therefore the correct option is a. $113.70

All other options are wrong hence ignored them

Answer:

a

Explanation:

Motor Vehicle. is it an expense

Answers

Answer:

If you use your car for business, the Internal Revenue Service allows you to deduct this as an expense on your taxes. You have the option of deducting either the actual operating costs associated with the business use of your vehicle or taking a standard mileage deduction for each mile driven for business

Answer:

it could be

Explanation:

If you use your car for business, the Internal Revenue Service allows you to deduct this as an expense on your taxes. You have the option of deducting either the actual operating costs associated with the business use of your vehicle or taking a standard mileage deduction for each mile driven for business.

In which three areas did NAFTA reduce or eliminate tariffs?

Answers

Answer: On agriculture, textiles, and automobiles.

Explanation:

The correct answer is U.S., Canada, and Mexico.

The North American Free Trade Agreement (NAFTA) was implemented to promote trade between the U.S., Canada, and Mexico. The agreement, which eliminated most tariffs on trade between the three countries, went into effect on Jan. 1, 1994.

What tariffs did NAFTA eliminate?

On January 1, 1994, Mexico eliminated tariffs on nearly 50 percent of all industrial goods imported from the United States, including some of our most competitive products such as machine tools, medical devices, semiconductors and computer equipment, and telecommunications and electronic equipment.

How did NAFTA benefit all 3 countries?

NAFTA boosted trade by eliminating all tariffs among the three countries. It also created agreements on international rights for business investors. That reduced the cost of commerce. It spurs investment and growth, especially for small businesses.

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What is the return rate for brick-and-mortar stores?
A. 10%
B. 20%
C. 3%
D. 15%

Answers

The return rate for brick-and-mortar stores that one will receive is 3%. Hence, Option C is correct.

What is the return rate?

A return rate is something that an individual receives in exchange or returns for something else. One can receive this return in various cases, like when someone has lent money to someone for a particular period of time.

In other words, the return rate, or rate of return, is the amount received after making any type of investment. The amount that they will receive in addition to that particular amount is the amount that gets after the calculation of the percentage of the return rate, and that percentage is fixed.

Therefore, it is the return that one has to make after the completion of the time period for which the investment has been made. Option C is correct.

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You are in the process of purchasing a new automobile that will cost you​ $27,500. The dealership is offering you either a​ $2500 rebate​ (applied toward the purchase​ price) or​ 1.9% financing for 48 months​ (with payments made at the end of the​ month). You have been preminus approved for an auto loan through your local credit union at an interest rate of​ 6.5% for 48 months. If you forgo the​ $2500 rebate and finance your new car through the dealership your monthly payments​ (with payments made at the end of the​ month) will be closest​ to: A. ​$573 B. ​$520 C. ​$595 D. ​$799

Answers

Answer:

C. ​$595

Explanation:

The computation of the monthly payment at the end of the month would be computed by using the spreadsheet.

In this two attachment is attached one contains the final values and the other ones contains the formula so that it would create a better understanding

Hence, the monthly payment is $595 and the same is to be considered

Role of national government in preserving marketplace competition:
consumer
regulator
catalyst
entrepreneur

Answers

The answer is regulator

what is a new product in business​

Answers

Answer:

bio

form

Explanation:

What is the worst result of a team leader failing to delegate responsibility or
tasks?

A. The leader will end up working many hours of overtime.

B. The team will learn a lot by watching to see how the tasks should
be completed.

C. Some team members find reasons to start fighting with other
members.

D. The team might feel that the leader does not trust their abilities.

(Apex)

Answers

Answer:

the team might feel that the leader does not trust their abilities

Explanation:

The team might feel that the team leader does not trust their abilities is the worst result of a team leader failing to delegate responsibility or tasks. Option D is correct.

What is the team leader?

A team leader is someone who gives advice, teaching, direction, and leadership to a group of people in order to achieve a key outcome or set of aligned results.

Team leaders serve as the gear stick for a group of people who work towards the same objective for the company. A team leader directs and instructs a working group on a project or portfolio of tasks.

They are responsible for distributing tasks, monitoring progress toward goals, and guiding team members as needed. Even though they don't have a manager title, team leaders frequently function as defect mentors for the team.

Therefore, option D is correct, that The team may believe that the team leader does not believe in their talents as a consequence of the team leader's failure to delegate responsibilities or tasks.

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An employer can refuse to hire you if you refuse a drug screening test or background check.

Answers

Answer:yes

Explanation:

Answer:

true

Explanation:

The City of Mayville had total fund balance in its General Fund of $200,000 on December 31, 2019. The City of Maysville's General Fund balance sheet for its December 31, 2019 year end shows inventory of $28,000 and prepaid rent of $10,000. The City also had $60,000 of outstanding encumbrances in its General Fund at year-end. In December 2019, a grantor provided the City with $42,000 that must be used to pay musicians who perform in the City's series of summer concerts in the park during 2020. How much should the city report as nonspendable fund balance in its General Fund on December 31, 2019?

Answers

Answer:

$38,000

Explanation:

Based on the information given we were told that the City General Fund balance sheet for the month of December 31, 2019 shows that inventory had the amount of $28,000 while prepaid rent has the amount of $10,000 which means that the amount of money that city will report as NOSPENDABLE fund balance in their general fund on December 31,2019 will be $38,000 calculated as ($28,000+$10,000).

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