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slavikrds [6]
3 years ago
15

Assume that sparks uses a perpetual fifo inventory system. Its ending inventory consists of 9 units. Calculate the dollar value

of its ending inventory.
Business
1 answer:
Jlenok [28]3 years ago
3 0

The value of the ending inventory will be $162.

<h3>How to calculate the ending inventory? </h3>

From the information given, it was stated that Sparks uses a perpetual fifo inventory system. Its ending inventory consists of 9 units.

The value of the ending inventory will be:

= 9 units × $18.

= $162

In conclusion, the ending inventory is $162.

Learn more about ending inventory on:

brainly.com/question/19132743

#SPJ1

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Olly, the retail manager of a camera store, believes that his store may be closed by corporate in the near future, so he cannot
elena55 [62]

Answer:

<em>Panic </em>

Explanation:

Panic <em>is a sudden feeling of fear that is so strong that reason and logical thinking are dominated or prevented,</em> substituting it with overpowering feelings of anxiety and frenzied agitation consistent with an animalistic reaction to fight or flight.

Panic can occur uniquely in people or can occur as mass hysteria (close to herd behavior) suddenly in large groups.

6 0
3 years ago
Waterway Fabricators produces protective covers for smart phones. Since the covers must be customized to each smart phone model,
Vanyuwa [196]

Answer:

Raw ending    643,300

ending WIP     199,240

ending FG         37,000

Explanation:

<em>Raw materials </em>

beginning              29300

purchased            1041000

used in production <u> (427000)</u>

ending                    643300

<em>cost added (in between step to get ending WIP)</em>

materials 427000

direct labor 312240 (24,000 DLH x $13.01)

overhead 164000

total 903240

<em>Ending WIP</em>

beginning WIP  151000

added                 903240

COGM             <u>   (855000)</u>

ending WIP           199240

<em>Finished goods</em>

beginning FG  257000

COGM                  855000

COGS           <u>     (1075000)</u>

ending FG             37000

5 0
3 years ago
Read 2 more answers
Carrie is creating a personal balance sheet. The heading includes the period of time that the balance sheet represents.
k0ka [10]

Answer:

A- January 1, 2021

Explanation:

got it right on edge

7 0
2 years ago
Ingraham Inc. currently has $205,000 in accounts receivable, and its days sales outstanding (DSO) is 71 days. It wants to reduce
Mashcka [7]

Answer:

$125,165.49

Explanation:

Daily Sales Outstanding is computed by dividing Average Accounts Receivable over Daily Credit Sales.

In this case, if the DSO is 71, then the Daily Credit Sale is $2,887.3239($205,000/71).

Then, the old sales is $1,053,873.24 ($2887.3239 x 365).

If this is reduced by 15% after the policy is implemented, the new sales is $895,792.25 ($1,053,873.23-15%) and the new daily sales is $2,454.23 ($895,792.25/365).

Using these DSO formula, the new Accounts Receivable level will be $125,165.49 (51 x $2,454.23).

4 0
4 years ago
What is the most accepted time frame associated with the MOV SEP code?
shusha [124]

The inference is that the most accepted time frame associated with the MOV SEP code is 60 days or 2 months.

<h3>What is an inference?</h3>

An inference is the conclusion that can be deduced based on an information.

In this case, the inference is that the most accepted time frame associated with the MOV SEP code is 60 days or 2 months. This is the period when you can sign for health insurance.

Learn more about inference on:

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3 0
2 years ago
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