Allocating product cost between cost of goods sold and ending inventory
Jones Co. started the year with nno inventory. During the year, it purchased two identical inventory items at different times. The first purchase cost $1,060 and the other $ 1,380. Jones sold one of the itmes during the year.
Based on this information, how much product cost would be allocated to cost of goods sold and ending inventory on the year-end financial statements, assuming use of

A. FIFO?
B. LIFO?
C. Weighted average

The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?

Answer the questions about keynesian theory, market economics, and government policy. keynes believed that there were "sticky" wages and that recessions are caused by increases in prices. decreases in supply. decreases in aggregate demand (ad). increases in unemployment. keynes believed the government should increase ad through increased government spending, but not tax cuts. control wages to increase employment because of sticky wages. increase employment through tax cuts only. increase as through tax cuts. increase ad through either increased government spending or tax cuts. intervene when individual markets fail by controlling prices and production.

George wants to collect funds to open his own bakery from his family.  he needs an accurate estimate of how much money he would require to run the bakery for at least six months.  he has to buy a shop  (costing $3,500)  and buy an oven  (costing $600).  his  start-up  costs, including various utility costs, would be  $300.  he has calculated his monthly expenses as  $250.  how much money would george require to start his business and run it for at least six months? a.  $3500b.  $5,900c.  $7,200d.  $7,400e.  $8,200its not c.7200 tried it