Answer:
B. $26680
Explanation:
FIFO (First-In-First-Out) is a method of inventory valuation whereby the inventory that comes first is used first. In other words, the oldest inventory is used first. This is common for perishable stocks which if held too long would be wasted.
Jun 1 : Beginning Inventory : 2200 units x $13 = $28600
Jun 4 : Purchases : 1700 units x $13.4 = $22780
Total units : 2200 + 1700 = 3900 units
Sales : 1900 units
Cost of Goods Sold would be:
1900 x $13 = $24700
Ending inventory:
(2200 - 1900) x $13 = $3900
1700 x $13.4 = $22780
Ending inventory : $3900 + $22780 = $26,680
Answer:
-24.21%
Explanation:
The rate of return of a stock is the sum of the stock price appreciation and the dividend yield
price appreciation = change in price level = (new price - old price) / old price ($65 - $95) / $95 = -0.3158
dividend yield = dividend / initial price $7/$95 = 0.07368
Rate of return = 0.07368 - 0.3158 = -0.2421 = -24.21%
Answer: b. Treasury Notes
Explanation:
The question is a bit confusing to answer unless a mistake has been made in it.
Treasury Notes are Federal obligations that mature between 2 - 10 years so would be the correct answer for this question as this would include bonds in excess of five years till the 10th year.
Treasury Bonds on the other hand mature after 10 years.
If there is a mistake in the question and you instead meant to write 10 years instead of 5, the answer would be Treasury Bonds.
If not, the answer is Treasury Notes.
Answer: Employee, worker and self-employed.
Explanation: An employee is an individual who has entered into or works (or worked) under the terms of a contract of employment.
A Worker A worker who is not an employee works under a contract whereby the individual.
A self-employed is the state of working by themself not as a employee .
Answer:
$20,450
Explanation:
With regard to the above, the adjusted cash balance would be computer as;
= Bank balance + deposits in transit - outstanding checks
= $19,400 + $6,550 - $5,500
= $20,450
or
= Bank balance - service fees - NSF checks
= $21,525 - $70 - $1,005
= $20,450
