1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
What is meant by a 'brand'
mina [271]

Answer:

<em>A brand is a name given to a product and/or service such that it takes on an identity by itself</em><em>.</em>

6 0
4 years ago
b. Evaluate the statement in the case made by Toru Sakuragi that "… Toyota has been caught between a need to cut costs to overco
horsena [70]

Answer:

Both strategies can be at odds with each other, because cutting costs can reduce the quality of the cars produced and exported, leading to the undesired effect of increasing recalls, which is precisely the other thing that Toyota wants to reduce.

Explanation:

For this reason, Toyota should try instead to improve quality instead of cutting costs, so that its cars become so desirable that even a strong yen does not prevent consumers from buying.

This strategy can be contrasted with country-wide strategies when it comes to export goods: some countries depreciate their currency and/or rely on the export of cheap goods, these countries tend to be less competitive, and the strategy may not live up to expectations. Italy implemented this strategy until it adopted the euro, and could not devalue its currency anymore.

On the contrary, other countries aim for quality even if their currency is strong. This is the German strategy, which has maintained a healthy export economy when it had the mark, and now with the euro, both strong currencies.

In conclusion, Toyota should try to be more like Germany, and less like Italy.

6 0
4 years ago
National Warehousing just announced it is increasing its annual dividend to $1.18 next year and establishing a policy whereby th
77julia77 [94]

Answer:

$24.38

Explanation:

The computation of the one share of worth is shown below:

= Eight-year dividend ÷ (Required rate of return - growth rate)

where,  

Next year dividend for eight-year s would be

= Annual dividend × (1 + growth rate)^number of years

= $1.18 × (1 + 3.25%)^8

= $1.18 × 1.291577535

= $1.524061492

The other items rate would remain the same

Now placing these values to the formula above

So, the price would equal to

= $1.524061492  ÷ (9.5% - 3.25%)

= $24.38

6 0
3 years ago
Which state-registered adviser is considered to have taken custody of client funds?
ra1l [238]

Under the <u>Uniform Securities Act</u>, the threshold where a State-registered adviser is considered to have taken custody of client funds if it charges prepaid advisory fees, is: <u>$500, 6 months or more in advance of rendering services.</u>

<u />

If an advisor either physically possesses or has the legal right to take possession of money or securities belonging to its clients, then it has custody. The term "custody" has been expanded by the rule's revisions to cover situations in which an adviser's related person holds custody of client assets in conjunction with the adviser's advisory services. If an investment adviser's connected broker-dealer holds client assets as a qualified custodian in conjunction with advising services, the investment adviser would be deemed to have custody of those assets.

Consultants may be considered to have taken ownership of customer funds as defined by NASAA when a nationally registered investment manager acknowledges $500 (or more) in advanced consulting fees, 6 months prior to the anticipation of performing services. While the Advisers (Investment) Act of 1940 did not apply to government-registered advisors, it is worth noting that it may have set the maximum at $1,200 among Federal Covered advisors.

To know more about State-registered adviser refer to:

brainly.com/question/17199787

#SPJ4

7 0
2 years ago
When considering your financial situation you should consider
Vanyuwa [196]
All of the above, so D
5 0
4 years ago
Read 2 more answers
Other questions:
  • Answer the question using the following data, which show all available techniques for producing 20 units of a particular commodi
    12·1 answer
  • Barry is a farmer, who sells his farm produce to Tom, who is a broker for the agriculture industry. Barry and Tom often agree on
    6·1 answer
  • What is the maximum percentage of net spending income that should be set aside for transportation
    13·2 answers
  • Which of the following is an example of categorical data? A social security number B score on a multiple-choice exam C height, i
    14·1 answer
  • Oriole Company plans to sell 9000 purple lawn chairs during May, 3700 in June, and 9000 during July. The company keeps 15% of th
    5·1 answer
  • Here is financial information for Shamrock, Inc.
    8·1 answer
  • The Kellys are planning for a retirement home. They estimate they will need $200,000 4 years from now to purchase this home. Ass
    7·1 answer
  • Your employer must offer (at no cost to you) a vaccine against ___________ if your job _____________.'
    5·1 answer
  • Which item is an example of data collected from market research? technical client specs your project timeline your project budge
    15·1 answer
  • The chubb group, an insurance company, regularly supplies funds for programming on the public television network. its donations
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!