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max2010maxim [7]
4 years ago
13

Pina Colada Corp. has the following inventory data:

Business
1 answer:
pentagon [3]4 years ago
5 0

Answer:

Amount allocated to cost of goods sold = $2,520

Explanation:

Total inventory held during the complete month.

Beginning = 33 units @ $21 = $693

7 July        = 116 units @ $22 = $2,552

22 July      = 17 units @ $24 = $408

Closing inventory = 53 units.

Under LIFO method, there is sale of inventory which was last bought or purchased.

Here, as per LIFO,

Total units = 33 + 116 + 17 = 166 units.

Units in closing inventory = 53 units.

That means, 33 units from opening and 20 units from purchases made as on 7 July

33 units @ $21 = $693

20 units @ $22 = $440

Total carrying value of closing inventory = $1,133

Therefore, amount allocated to cost of goods sold = 17 units @ $24 and 96 units @ $22

= $2,520

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The security team at Develetech is seriously debating implementing a unified threat management (UTM) system for greater security
777dan777 [17]

Answer:

UTM is a single point of failure

Explanation:

Unified threat management is a network defense solution in the form of advanced firewall used to guard against potential threats. it is an integrated protection security software embedded in a single component to produce a wide range of functions .

Its embedded function capacity is one of its main disadvantage as a fault to it means that all the various function programmed  in it will stop working.

3 0
3 years ago
Vinny is unmarried and provides more than half the support for his cousin Gambini, who lives in Vinny's home for the entire year
anzhelika [568]

Answer:

a. True

Explanation:

Since Vinny is unmarried also it provides more than the half of the support for his cousin whose name is Gambini and she is doing part time job and made three thousand dollars in a year

So vinny would qualify the household head for flining the status

Therefore the given statement is true

hence, it is not false

4 0
3 years ago
A company decides to exchange its old machine and $154,000 cash for a new machine. The old machine has a book value of $126,000
scoray [572]

Answer:

When two companies exchange an asset, the assets fair value is used as the price of the asset. In this case the company is paying 154,000 plus an old machine with a fair value of 140,000 so the cost of the new machine would be recorded as the sum of the cash paid and fair value of  the old asset.

140,000+154,000= 294,000

Explanation:

8 0
3 years ago
Presently, Stock A pays a dividend of $1.00 a share, and you expect the dividend to grow rapidly for the next four years at 20 p
brilliants [131]

Answer:

We should pay $46.50 for this stock.

Explanation:

The stock value is the present value of all the future dividends associated with the stock.

Following is the working to calculate the stock value.

Dividend

Year Dividend

_1 ____$1.20

_2 ___ $1.44

_3 ___ $1.73

_4 ___ $2.07

Use following formula to calculate the present value of all the dividends

Present value of Dividend = Dividend value x ( 1 + Expected interest rate )^numbers of years

Now calculate the present value of al the dividends

Year __Working ___________________________ Present values

_1 ____$1.20 x ( 1 + 6% )^-1 ____________________ $1.132

_2 ___ $1.44 x ( 1 + 6% )^-2 ____________________ $1.282

_3 ___ $1.73 x ( 1 + 6% )^-3 ____________________ $1.453

_4 ___ $2.07 x ( 1 + 6% )^-4____________________ $1.640

_5 to onward ___ [$2.07 / ( 6% - 2% )] x ( 1 + 6% )^-4 _ $40.991

Total _____________________________________$46.498

We should pay $46.50 for this stock.

8 0
3 years ago
You purchased XYZ stock at $50 per share. The stock is currently selling at $80. You expect the stock price to go up, but not 10
Anton [14]

Answer:

"Stop-loss order" is the right answer.

Explanation:

According to the question,

Purchase price,

= $50

Current selling price,

= $80

Current gains,

= $30

  • Investors begin to give their earnings if somehow the market capitalization begins to fall beneath $80. In advance to minimize this, we need to set a purchase requisition of $80 for stop-loss.
  • So whenever the market decreases beyond $80, with us investments are traded, and thereby the existing profits of $30 have been safeguarded.

Thus, the above is the correct explanation.

4 0
3 years ago
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