Answer:
It is known that in the periodic inventory, the accounting record of the stock of goods will occur only at the end of a certain period with the physical count of the existing quantities. Consider the following CVM information = 500.00; Initial Inventory = 700.00 and Purchases = 800.00. Applying the concept of periodic inventory and applying the formula for calculating the CMV, determine the value of the final stock.
ALTERNATIVES
Final stock of 2,000.00.
Final stock of 1,500.00.
Final stock of 1,300.00.
Final stock of 1,200.00.
Final stock of 1,000.00.
Final Stock (EF) = 1,000.00
Step-by-step explanation:
Alternative E - Final stock of 1,000.00.
Given That,
CMV = 500,00
Initial Stock (EI) = 700.00
Purchases (C) = 800.00
Final Stock (EF) = ?
Formula
CMV = Initial Stock (EI) + Purchases (C) - Final Stock (EF)
CMV = EI + C - EF
500 = 700 + 800 - EF
500.00 = 700.00 + 800.00 -X
500 = 1500- EF
500.00 = 1,500.00-X
EF = 1500-500
X = 1,000.00
EF = 1,000.00
Therefore, the final stock is 1,000
The percent of his monthly income that will be budgeted for the utilities will be approximately 5.21%.
According to the question,
We have the following information:
Greg evaluated his spending and found that he was spending about $50 more per month on utilities than he has budgeted. He can transfer money from other categories to increase his utilities budget to $125 per month. If his total monthly income is $2,400.
Now, let's take the percent to be x.
We have the following expression:
2400*x/100 = 125
24x = 125
x = 125/24
x = 5.21%
Hence, the percent of his monthly income that will be budgeted for the utilities will be approximately 5.21%.
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First divide 93 by 3 to get 25% of the original price: 31. Then multiply it by 4 to get the whole original price, which is $124. Now onto the shoes.
Divide 119 by 17 to get 7, which is 5% of the original price for the shoes. Then multiply 7 by 20, which is $140 for shoes.
Subtract 124-93 to get 31, the savings on the dress and also subtract
140-119 to get 21, savings on the shoes. Then add them together to get a grand savings total of $52 in savings. Hope this helps!
