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RSB [31]
3 years ago
5

Chewy Candy has a beginning inventory of $1,000 with a retail value of $1,800. June purchases were $3,000, with a retail value o

f $4,700 and retail sales were $4,200. What is the June 30 estimated ending inventory at cost under the retail method?
Business
1 answer:
S_A_V [24]3 years ago
7 0

A. $351

B. $949

C. $4161

D. $1416


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An electronics firm is currently manufacturing an item that has a variable cost of $0.50 per unit and a selling price of $1.00 p
Ne4ueva [31]

Answer:

Part (a) Should the firm buy the new equipment

The Firm Should not Buy the New Equipment since there is  No Profit ( instead $1000 Profit lost) from this decision and is in a worse off position than before.

Part (b) should the company buy the new equipment and increase the selling price?

The Firm Should Buy the New Equipment since an incremental Profit of $ 1500 is expected from this decision.

Explanation:

Part (a) Should the firm buy the new equipment

                                                 Do Not Buy      Buy New Equipment

                                                        $                                $

Sales                                             30,000                     50,000

Less Variable Cost                       15,000                      30,000

Contribution                                  15,000                      20,000

Less Fixed Costs                          14,000                      20,000

Net Income                                     1,000                           0

The Firm Should not Buy the New Equipment since there is  No Profit ( instead $1000 Profit lost) from this decision and is in a worse off position than before.

Part (b) should the company buy the new equipment and increase the selling price?

                                                 Do Not Buy      Buy New Equipment

                                                        $                                $

Sales                                             30,000                     49,500

Less Variable Cost                       15,000                      27,000

Contribution                                  15,000                     22,500

Less Fixed Costs                          14,000                      20,000

Net Income                                     1,000                        2,500

The Firm Should Buy the New Equipment since an incremental Profit of $ 1500 is expected from this decision.

5 0
3 years ago
A company reports the following beginning inventory and purchases for the month of January. On January 26, the company sells 350
nydimaria [60]

Answer:

The costs assigned to ending inventory based on the LIFO method under periodic inventory system are:

= $450.

Explanation:

a) Data and Calculations:

On January 26, the company sells 350 units. 150 units remain in ending inventory at January 31.

                                                           Units           Unit Cost    Total Cost

Beginning inventory on January 1      320              $ 3.00          $960

Purchase on January 9                         80                 3.20             256

Purchase on January 25                     100                 3.34              334

Tota units available for sale               500                                 $1,550

Sales on January 26                          350                                  $1,100

Ending inventory at January 31          150               $3.00          $450

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Answer:

Mr. Smith’s rental expense for this insurance policy is

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year 120

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When working on a major project which is not a good step for keeping the overall scope in mind
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Yeah I’m John quiñones
4 0
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