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2 years ago

The middle sale when sales for a given period of time are arranged in order of their increasing value is the:__.

1 answer:

3 0

The middle sale when sales for a given period of time are arranged in order of their increasing value is the median sale.

The median selling price is half the list price high and half the list price low. For example, if there are 15 house prices, the median will be the price 7 prices above and 7 prices below.

The median sale is the middle price in the data set, with exactly half the houses costing less and the other half costing more.

Learn more about the median sales here: brainly.com/question/25895372

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Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $1,700 of dir

Rina8888 [55]

Answer:

$19,300

Explanation:

Calculation to determine the amount of job costs added to Work in Process Inventory during October

Using this formula

October Job costs=Raw material+Direct labour+Overhead

Let plug in the formula

October Job costs=$2,200+$5,700+($5,700*2)

October Job costs=$2,200+$5,700+$11,400

October Job costs=$19,300

Therefore the amount of job costs added to Work in Process Inventory during October is $19,300

3 0

3 years ago

July 15 Declared a cash dividend payable to common stockholders of $165,000. Aug. 15 Date of record is August 15 for the cash di

lions [1.4K]

Answer:

July 15

Debit: Retained Earnings $165,000

Credit: Cash Dividend Payable $165,000

Aug 15

No entry Required.

Aug 31

Debit: Cash Dividend Payable $165,000

Credit: Cash $165,000

Explanation:

The date of declaration is the date on which Board of Directors decides to pay the dividends to Stock Holders and the Liability is created.

On the other hand, Date of Record is merely decision made by Stock Holders on the amount announced on the date of declaration, that how this amount will be distributed among them, So there is no journal entry required on this date.

The date of payment is the date when the dividend liability is paid off to the stock holders, hence the contra entry is made in Dividends Payable Account to cancel out the transaction.

July 15

Debit: Retained Earnings $165,000

Credit: Cash Dividend Payable $165,000

<em>To record Cash Dividend of $165,000 Declared.</em>

Aug 15

The date of record is merely announcement of which stock holders receives dividends, so no entry required on this date.

Aug 31

Debit: Cash Dividend Payable $165,000

Credit: Cash $165,000

<em>To record payment of $165,000 Cash Dividend declared on July 15.</em>

6 0

3 years ago

Pet World is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR c

Len [333]

Answer:

C) 2.57%

Explanation:

Pet World's net cash flows:

0 -$9,500

1 $2,000

2 $2,025

3 $2,050

4 $2,075

5 $2,100

In order to find the rate of return we can use an excel spreadsheet and the IRR function =IRR (values,[guess]) =IRR (-9500,2000,2025,2050,2075,2100)

=IRR = 2.57%

3 0

3 years ago

The following two graphs show the markets for smartphones in Sweden and Norway. Use the graphs to answer the questions that foll

zalisa [80]

Answer:

Assume there are no transportation costs. With trade, the price of $22.5 brings about balance in exports and imports. At this price, 600 smartphones are traded. With trade, Sweden produces 900 smartphones and consumes 300 smartphones, and Norway produces 300 smartphones and consumes 900 smartphones.

Now suppose the per-unit transportation cost from Sweden to Norway is $5. With trade, the transportation cost changes the price of smartphones in Sweden to $25 and in Norway to $25. Sweden will produce 800 smartphones and consume 400 smartphones, thus exporting 400 smartphones. Norway will produce 400 smartphones and consume 800 smartphones, thus importing 400 smartphones.

Explanation:

With no transportation costs, Sweden shall export smartphones and Norway shall import smartphones because the market price is lower in Sweden than in Norway.

The demand and supply functions for smartphones in Sweden, derived from the given values, are:

$Q_{D} = 1200 - 40P\\$

$Q_{S} = 40P$

The export supply (ES) equation is:

$ES = Q_{S} - Q_{D}$

ES = 40P - (1200 - 40P)

ES = 80P - 1200

The demand and supply functions for smartphones in Norway, derived from the given values, are:

$Q_{D} = 1800 - 40P$

$Q_{S} = 40P - 600$

The import demand (ID) equation is:

$ID = Q_{D} - Q_{S}$

ID = 1800 - 40P - (40P - 600)

ID = 2400 - 80P

The equilibrium price and quantity traded is determined where ES = ID.

80P - 1200 = 2400 - 80P

This simplifies to P = 22.5

Q = 2400 - 80(22.5) = 600

Next, a transaction cost of $5 per unit is imposed from Sweden to Norway. This changes the ES function as follows.

New ES = 80(P - 5) - 1200

New ES = 80P - 1600

The new equilibrium is where New ES = MD.

80P - 1600 = 2400 - 80P

This simplifies to P = 25

Q = 80(25) - 1600 = 400

7 0

4 years ago

LIFO uses the ______ unit costs for Cost of Goods Sold on the income statement and the ______ unit costs for Inventory on the ba

Tasya [4]

LIFO uses the last unit costs for Cost of Goods Sold on the income statement and the first unit costs for Inventory on the balance sheet.

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

For example, if beginning inventory consists of 10 units at $10 per unit. In the middle of the month, 10 units were bought at $15 per unit. At the end of the month, 10 units were sold. Using LIFO, the cost of goods sold would be $150 ( 10 x 15). Ending inventory would be $100 ($10 x 10).

To learn more about LIFO, please check: brainly.com/question/13779572

3 0

2 years ago