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Goshia [24]
2 years ago
15

Windsor, Inc. uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows:

Units Per unit price Total Balance, 1/1/2022 260 $4.00 $1040 Purchase, 1/15/2022 130 ..4.60 598 Purchase, 1/28/2022 130 ..4.70 611 An end of the month (1/31/2022) inventory showed that 210 units were on hand. If the company uses FIFO and sells the units for $9 each, what is the gross profit for the month? $1890 $1270 $1520 $2790
Business
1 answer:
Hoochie [10]2 years ago
3 0

Based on the cost of the inventory to Windsor Inc, and the FIFO method, the gross profit for the month is C. $1,520

<h3>What is Windsor's gross profit?</h3>

FIFO means that the earlier goods are sold first.

210 units were left on hand which means that none of the Purchase on the 28th of January was sold.

The 15th Janaury purchase sold:
= 130 - (210 - 130)

= 50 units

The sales revenue is therefore:

= (260 + 50) x 9

= $2,790

The cost is:

= (260 x 4) + (50 x 4.60)

= $1,270

Gross profit is:

= 2,790 - 1,270

= $1,520

Find out more on FIFO at brainly.com/question/24137318.

#SPJ1

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lana [24]

Answer:

Read the explanation below

Explanation:

Dollar-cost averaging is based on the belief that prices of stock fluctuate around a normal level.  Without this notion, it will not be possible to determine what can be seen as high or low now compared to the future.

The benefits of Dollar Cost Averaging attracts investors to employ. These benefits include:

1. It contributes on a regular basis to portfolios of investment.

2. The problem of market timing is eliminated especially for investors do not have time to track the market regularly or who lack the understanding of the market.

3. The cost basis to consumers on stocks whose values decline are is reduced.

4. It is easy to set up and not expensive especially for investors with no huge amount of money to invest. Like the example in the question, it easier for a salary earner to invest $500 monthly than investing $5,000 in a day.

Despite these advantages, dollar-cost averaging has its own disadvantages, and these include:

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2. The transaction costs paid by the investors significantly increased because of more number of different transactions when brokerage fee is high.

I wish you the best.

7 0
2 years ago
What is the average of gross income for domestic movies (in mln)?
Brrunno [24]

The average gross income for domestic movies (in mln) is 180

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Today, weekly box office revenues are usually considered Friday-Thursday, reflecting the fact that most movies are officially released on Friday in the United States. Variety was published every Wednesday for many years, so most of the weekly box office revenue they reported in the 1920s-1990s was from Thursday-Wednesday.

Most of the Weekly Loss is weekend cashiers. Historically, this has been reported as box office revenue from Friday to Sunday, and holidays close to weekends. Day numbers from Friday to Sunday are also now used.

Learn more about Domestic movies here: brainly.com/question/25731424

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5 0
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DENIUS [597]

Answer:

3 then 1

Explanation:

Supply is said to be increased when the quantity supplied expands but the price and quantity demanded remains unchanged. As quantity supplied has increased whereas the quantity demanded is what it was before this change, there is first a surplus of bottled water in the market. This surplus will have a downward pressure on price, reducing the quantity supplied a bit and, as the law of demand suggests ,the quantity demanded will increase. Given that the demand is relatively price elastic, the change in quantity demanded will be greater than the change in price. Therefore the revenue will increase.

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