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Nastasia [14]
3 years ago
13

In its first month of operations, Novak Company made three purchases of merchandise in the following sequence: (1) 190 units at

$5, (2) 300 units at $7, and (3) 395 units at $9. Assuming there are 250 units on hand. Compute the cost of the ending inventory under the FIFO method and the LIFO method. Novak uses a periodic inventory system
Business
1 answer:
NikAS [45]3 years ago
7 0

Answer:

Instructios are below.

Explanation:

Giving the following information:

Purchases:

190 units at $5

300 units at $7

395 units at $9

Assuming there are 250 units on hand

1) FIFO (first-in, first out). Under the FIFO method, the ending inventory cost is calculated using the cost of the last units incorporated.

Ending inventory= 250*9= $2,250

2) LIFO (last-in, first-out). Under LIFO method, the ending inventory cost is calculated using the cost of the firsts units incorporated.

Ending inventory= 190*5 + 60*7= $1,370

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Answer: E) price-earnings ratio will be 14.26 ex-dividend.

Explanation:

Stock prices generally decrease in price by the price of the dividend on ex-dividend date.

This means that this stock will reduce to:

= 31.17 - 1.09

= $30.08

Price to Earnings ratio = Stock price/ Earnings per share

= 30.08/2.11

= $14.26

<em>Option E is correct. </em>

4 0
3 years ago
Substitutes have a(n): Please choose the correct answer from the following choices, and then select the submit answer button. in
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Answer: positive cross elasticity of demand.

   

Explanation: In simple words, cross elasticity refers to the degree of change in the demand of a good with respect to change in the price of another goods.

In case of substitute goods, one good can easily be used in the place of another good. Thus, if the price of one good increases the demand for its substitute good also increases.

Hence from the above we can conclude that substitute goods have positive cross elasticity.

3 0
3 years ago
In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $26,000 and ending
notsponge [240]

Answer:

Total cost accounted will be $192000

So option (C) will be correct answer

Explanation:

We have given beginning work in process inventory = $26000

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So option (C) will be correct answer  

7 0
3 years ago
Bacchus Enterprises has $12B in book value of common stock selling at a book to market rate of 1.35 and a beta of 1.5. The combi
goldfiish [28.3K]

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= 4% + 1.23 * (14% - 4%)

= 16.3%

7 0
3 years ago
PLEASE HELP ME
zhuklara [117]
<span>A. Connecticut Community College</span>
6 0
3 years ago
Read 2 more answers
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