Answer:
D. $375,000
Explanation:
given data
Purchases during the year = $12.0 million
Shipping costs from overseas = 1.5 million
Shipping costs to export customer = 1.0 million
Inventory at year end = 3.0 million
solution
we get here Seafood Trading’s year-end inventory valuation.
and we know here that shipping cost to export to customers is selling expense but not include the inventory.
so
shipping costs = ( Inventory at year-end ÷ Purchases during the year ) × Shipping costs from overseas ..................1
put here value and we get
shipping costs = [($3.0 million ÷ $12.0 million) × $1.5 million]
shipping costs = $375,000
The Seafood Trading Company should include the shipping costs from overseas ($1.5 million) in its year-end inventory valuation, but it should not include the shipping costs to export customers ($1 million). Therefore, the total amount of shipping costs included in the year-end inventory valuation is $1.5 million.
Seafood Trading Company's year-end inventory valuation must include the cost of getting the merchandise ready to sell, which includes shipping costs. In the context of accounting, these costs are considered part of the 'cost of goods sold' and they should be reflected in the cost of inventory. The shipping costs of $1.5 million from overseas should be included in the inventory cost since these are considered product costs. In contrast, the outbound shipping costs of $1 million to export customers are considered period costs and are not included in the inventory valuation. Therefore, the amount of shipping costs included in Seafood Trading's year-end inventory valuation is $1.5 million.
#SPJ3
availability of your funds on short notice
b.
earning potential of savings
c.
security or safety of funds on deposit
d.
tax-free accumulation of savings
Answer: a. availability of your funds on short notice
Liquidity of savings refers to availability of your funds on short notice.
Explanation:
Liquidity of savings means the availability of cash in order to meet immediate and short-term obligations or operating needs. Cash is the most liquid asset. Some investments can easily be converted to cash like stocks and bonds because they are very liquid. They can be converted to cash within days and as a result, they are known as liquid assets.
The lower prices tend to affect the demand, it will increase the demand.
Further Explanation:
Equilibrium price:
The equilibrium price is the price where the demand and supply are equal at a particular price. If the price of the good increases, the demand for the product will decrease. If the price of the good decreases, the demand for the product will increase.
As the price of the good is lower, the good is available in less amount of money. The customer has a fixed income, now they can purchase the more quantity of good with his fixed income. As the price of the good is more, the good is available in more amount of money. The customer has a fixed income, now they can purchase the less quantity of good with his fixed income.
Let us take an example, a pen costs $5, in the market. A customer has a $50 fixed income, he can purchase 10 units of pen from the market. Let us assume a pen cost will decrease from $5 to $2, in the market. A customer has the same $50 fixed income, now he can purchase 25 units of a pen from the market.
Therefore, the price and demand of the goods have an inverse relationship with each other.
Learn more:
1. Learn more about consumer influence
2. Learn more about equilibrium price
3. Learn more about consumer protection law
Answer details:
Grade: Middle School
Subject: Economics
Chapter: Demand
Keywords: The lower prices, tend to affect, demand, increase, equilibrium price, a pen costs $5, increase, decrease, market, inversely, less amount of money.
When the price is lower, with a condition other factors remain equal, the more people would buy the product. That means the demand would increase. When the price increases, fewer people would buy the products, means the demand would decrease.
In the market, supply and demand always shift until the market finds the equilibrium price. Equilibrium is the condition when demand meets supply and the price stabilize. Multiple factors can affect both supply and demand This factors included consumer preferences, product substitutes, the price of the complementary product, production cost, supply chain and the number of competitors.
The law of demand explains when the price goes up, people will less likely to buy the product, it means that the demand will decreases. In other words, the higher the price, the lower the quantity demanded. On the other hand, the law of supply stated when the price of goods increase, so the supply will increase too. It because by selling at a higher price will increase revenue.
Equilibrium in the market brainly.com/question/1107749
Supply and demand brainly.com/question/2306198
Changing Prices affected supply and demand brainly.com/question/1600736
Keywords: demand curve, prices, supply, demand, equilibrium, law of demand and supply
Answer:
c) Interest on a Home Mortgage
Explanation:
It's possible to claim tax deduction on a Home Mortgage, whether married or single. One of the arguments this kind of deduction, generally works better for Higher Values Mortgages.
Moreover to that it is also very popular to tool do deduct tax, for mlddle class renters wanting to be homeowners.
Interest from bonds interest on a home mortgage of these items is a tax deduction. Thus, option b) and a) is correct.
Tax deductions are expenditures that can be deducted from a taxpayer's income, which can lower the amount of tax owing. Taxpayers may deduct some expenses from their income, such as interest on bonds and mortgage payments.
Bond interest is the interest that is accrued on bonds, which are debt instruments that are issued by governments or corporations to raise money. Bond interest is considered taxable income, but taxpayers are allowed to deduct it from their federal income tax when they purchase bonds issued by state and local governments.
Therefore, option b) and a) is correct.
Learn more about on interest, here:
#SPJ6
b. governmental
c. producer
d. consumer
e. institutional
B. interest
C. lien
Answer:
C. lien
Explanation:
The tax or charge that is applied to a good, wealth or property that belongs to a person and to indicate that it is compromised is called.
It also refers to the type of lien that is the taxable rate, by which a tax rate that can be fixed or variable is generated, and which implies a tax applicable to any property.
A common example of lien is the documents that a person signs in relation to a Mortgage Guarantee Loan, in which a property is given as a guarantee of payment, until such time as the total debt is canceled.
The word encumbrance derives from the Latin gravāmen, and means "burden."