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morpeh [17]
1 year ago
6

dunder mifflin has the following data related to its inventory during october 20x1. inventory on 10/1 was 400 units at $2.10 per

unit. there was a purchase on 10/7 of 1,400 units at $2.20 a unit. a second purchase on 10/16 was 280 units at $2.25. ending inventory on 10/31 consisted of 520 units. what is the value assigned to ending inventory if dunder mifflin uses lifo method (periodic system)? do not enter any punctuation (i.e. no dollar sign, no commas). edit insert
Business
1 answer:
den301095 [7]1 year ago
5 0

The value assigned to ending inventory if dander Mifflin uses LIFO method is $1092

The value assigned to ending inventory if dander Mifflin uses FIFO method is $1170

FIFO

FIFO method assumes that the inventory bought in first, will be the first to the sold to customers.

Ending Inventory =  520 units × $2.25

                            = $1170

LIFO

LIFO methods assumes that the inventory bought in last will be the first to be sold to the customers.

Ending Inventory = 520 units× 2.10

                            = $1092

To know more about FIFO method, refer:

brainly.com/question/17924678

#SPJ4

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McDonald's is an example of a ________ franchise. a. conversion formsb. trade namec. product distributiond. pure
Sergio039 [100]

Answer:

Pure Franchise

Explanation:

A Pure franchise can be defined as the way in which franchise made available all the necessary and important document which the franchisee will need such as the complete business format , trade name licence, the types of product or goods to be sold, the marketing strategy to use as welll as the type of method of operation to follow and use among others.

In addition PURE FRANCHISE may as well include the actual amount or cost for the start upstart, franchise fees as well as their growth history.

All this procedure are what the franchisor use to sells the complete business format as well as the system of their product to the franchisee in which the franchisee must adopt as well.

Therefore McDonald's is an example of a PURE franchise.

3 0
3 years ago
Read 2 more answers
Isocost lines Question 28 options: A) are dependent upon the costs of a firm's inputs. B) are dependent upon the technical effic
Rufina [12.5K]

Answer:

A. are dependent upon the costs of a firm's inputs

Explanation:

Isocosts are lines showing the various combinations of inputs which costs the same total amount. That is, all inputs combinations with similar cost. It indicates a combination of inputs that an organization or firm can buy or rent at a given cost/price. The isocosts are simply dependent upon the cost of the firm's input, that is to say, the cost of inputs determines the various combination possible. Isocost becomes very important when analyzing a firm's or producer's behavior.

8 0
3 years ago
Identify whether a debit or credit results in the indicated change for each of the following accounts.
Maksim231197 [3]

Answer:

a. To increase Land - Debit

b. To decrease Cash - Credit

c. To increase Fees Earned (Revenues) - Credit

d. To increase Office Expense - Debit

e. To decrease Unearned Revenue - Debit

f. To decrease Prepaid Rent - Credit

g. To increase Notes Payable - Credit

h. To decrease Accounts Receivable - Credit

i. To increase Common Stock - Credit

j. To increase Store Equipment - Debit

Explanation:

Debit gives details of spending, sum owed , amount to balance which is usually recorded to the left side of an account entry book while credit gives the details of income, amount earned or made on sale, spending cut and revenue and is usually placed to the right hand column of an account entry.

8 0
3 years ago
If the price of a $10,000 par Treasury bond is $10,275.00, the quote would be listed in the newspaper as ________.
scoray [572]

Answer:

Hence, the quote that should be listed in the newspaper is 102.024

Explanation:

The computation of the quote that should be listed in the newspaper is shown below:

Quote would be listed is

= $10,275 ÷ $10,000 × 100

= 102.75

= 102 : 0.75 × 32

= 102.024

Hence, the quote that should be listed in the newspaper is 102.024

hence, the same is to be considered by taking all the information given in the question

7 0
3 years ago
Clark Company produces flash drives for computers, which it sells for $20 each. Each flash drive costs $12 of variable costs to
Tomtit [17]

Answer:

contribution margin ratio= 0.4

Explanation:

Giving the following information:

Selling price per unit= $20

Unitary variable cost= $12

<u>To calculate the contribution margin ratio, we need to use the following formula:</u>

contribution margin ratio= (selling price - unitary variable cost) / selling price

contribution margin ratio= (20 - 12) / 20

contribution margin ratio= 0.4

3 0
3 years ago
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