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3 years ago

Inventory records for Marvin Company revealed the following:

Business

1 answer:

lbvjy [14]3 years ago

6 0

Answer:

Ending inventory= $5,592.45

Explanation:

Giving the following information:

Mar. 1: Beginning inventory= 1,090 units at $7.25

Mar. 10: Purchase: 510 units at $7.75

Mar. 16: Purchase: 397 units at $8.35

Mar. 23: Purchase: 510 units at $9.05

First, we need to calculate the number of units in ending inventory:

Ending inventory in units= total units - units sold

Ending inventory in units= 2,507 - 1,880= 627

Under FIFO (first-in, first-out), the ending inventory is composed of the cost of the last units bought.

Ending inventory= 510*9.05 + 117*8.35= $5,592.45

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The purpose of a(n) _____ is to obtain additional information on a candidate and to clarify information gathered throughout the

mario62 [17]

Answer: interview

Explanation:

During interview, a candidate is able to talk extensively about himself and achievements. By this, he is able to clarify a lot of things about himself

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3 years ago

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Kim and lyle are partners in k&l sales, which exports technical equipment. if congress declares that the equipment can no lo

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2 years ago

Cavan Company prepared the following reconciliation between book income and taxable income for the current year ended December 3

nadezda [96]

Answer:

b. $80,000

Explanation:

The computation of the deferred portion of its provision for income taxes should be given below:

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Now

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2 years ago

Henri earned a salary of $50,000 in 2001 and $70,000 in 2006. The consumer price index was 177 in 2001 and 265.5 in 2006. Henri'

gladu [14]

Answer:

Henri's 2006 salary in 2001 dollars =$46,666.66

Explanation:

A rise in the price index implies inflation

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This price index is the weighted average price of a basket of goods and services consumed by a typical consumer. It is used to measure the rate of inflation.

So we can determine the salary in the base year value as follows:

2006 Salary in the base year terms=

CPI base year/CPI in the current year × salary in the current year

CPI base year- 177, CPI in the current yea- 256.5,

Salary in the current year - 70,000

Henri 2006 Salary in 2001 Dollar

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Henri's 2006 salary in 2001 dollars =$46,666.66

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3 years ago

due to changes in production, hanson steel gave each employee 75 percent of the cost savings. hanson steel uses a ________ compe

mihalych1998 [28]

Due to changes in production, Hanson steel gave each employee 75 percent of the cost savings. Hanson steel uses a <u>gainsharing </u>compensation plan.

A compensation plan refers to the practices, methods, and intentional approach that's used by an organization in maintaining financial interests and developing, retaining, attracting, and rewarding employees in an industry.

It should be noted that the gainsharing compensation plan refers to a compensation plan that is used to increase profitability as employees share in the company's gain. Since the workers share 75% of the cost savings, this is a gain-sharing compensation plan.

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2 years ago