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
Dmitry_Shevchenko [17]
3 years ago
15

TB MC Qu. 05-112 Eastview Company uses a perpetual... Eastview Company uses a perpetual LIFO inventory system, and has the follo

wing purchases and sales: January 1 150 units were purchased at $9 per unit. January 17 120 units were sold. January 20 160 units were purchased at $11 per unit. January 29 150 units were sold. What is the value of cost of goods sold
Business
1 answer:
icang [17]3 years ago
6 0

Answer:

$2,730

Explanation:

The computation of the cost of goods sold using the LIFO perpetual inventory system is shown below:

Since 120 units and 150 units are sold

So, the same is to be considered

Therefore the cost of goods sold is

= 120 units × $9 per unit + 150 units × $11 per unit

= $1,080 + $1,650

= $2,730

We take the 120 units at $9 per unit and 150 units at $11 per unit so that the cost of goods sold is recorded

You might be interested in
Which of the following is true of public goods? Question 9 options: a) The market mechanism helps to signal the quantity that is
murzikaleks [220]

Answer:

c

Explanation:

A public good is a good that is non excludable and non rivalrous.

For example, if there is a statue in a park, Everyone has assess to the statue and because one person is enjoying the view of the statue does not means another person cannot enjoy the view of the statue

3 0
3 years ago
"The average monthly rent for a two-bedroom apartment in City A is $820 with a standard deviation of $86. The average monthly re
kicyunya [14]

Answer:

Explanation:

 We shall apply the concept of coefficient of variation to know the consistency of data

coefficient of variation

= standard deviation / mean or average

In case of City A

coefficient of variation  = 86 / 820

= .1048

In case of City B

coefficient of variation  = 75 / 790

= .0949

Since it is less for city B , rent for this city is more consistence or with less of variation

So the conclusion  is false.

6 0
3 years ago
​(Related to Checkpoint​ 18.2) ​(Estimating the cost of bank​ credit) Paymaster Enterprises has arranged to finance its seasonal
CaHeK987 [17]

Answer:

answer for the question:

​(Related to Checkpoint​ 18.2) ​(Estimating the cost of bank​ credit) Paymaster Enterprises has arranged to finance its seasonal​ working-capital needs with a​ short-term bank loan. The loan will carry a rate of 13 percent per annum with interest paid in advance​ (discounted). In​ addition, Paymaster must maintain a minimum demand deposit with the bank of 10 percent of the loan balance throughout the term of the loan. If Paymaster plans to borrow ​$90 comma 000 for a period of 2 ​months, what is the annualized cost of the bank​ loan?

is given in the attachment.

Explanation:

7 0
3 years ago
For a price-taking firm, marginal revenue Select one: a. is the addition to total revenue from producing one more unit of output
Ksju [112]

Answer: Option (e) is correct.

Explanation:

Correct Option: both a and c

Marginal revenue is the amount that is added to the total revenue, this amount is created due to an additional unit of output produced by the firm.

Price taking firms are the firms which operates in a perfectly competitive market. In this type of market condition, prices are determined by market forces. Hence, the constant prices will result in unchanged marginal revenue and thus it is horizontal to the x-axis at any given price level. Price level remains the same at any level of output.

7 0
3 years ago
Paar Corporation bought 100 percent of Kimmel, Inc., on January 1, 2015. On that date, Paar’s equipment (10-year remaining life)
iogann1982 [59]

Answer:

The method the parent use will have no effect on consolidated total because it is only for internal reporting purpose.

Explanation:

Paar's equipment book value—12/31/15 of                   $294,000

Add Kimmel's equipment book value—12/31/15 of    $190,400

Add Original acquisition-date allocation to

Kimmel's equipment of ($400,000 − $272,000) =          $128,000

Less Amortization of Allocation

($128,000/10 years * 3 years) =                               ($38,400)

<h3>Equals Consolidated Equipment of     $574,000 </h3>

The method the parent use will have no effect on consolidated total because it is only for internal reporting purpose.

4 0
3 years ago
Other questions:
  • Ravenshaw Corp. assigns its sales and marketing people to specific countries, regions, and districts. Ravenshaw Corp. is most li
    14·1 answer
  • What is the difference between anomaly based monitoring and signature based monitoring?
    10·1 answer
  • The primary goal of the Federal Reserve system is to:
    15·1 answer
  • In 2018, Mark has $18,000 short-term capital loss, $7,000 28% gain, and $6,000 0%/15%/20% gain. Which of the statements below is
    9·1 answer
  • Based on the parkerian hexad, what principles are affected if we lose a shipment of encrypted backup tapes that contain personal
    10·1 answer
  • Which one of the following conditions is not a requirement for an item to be recorded as a liability on a company's balance shee
    10·1 answer
  • Jane is planning to go on a camping trip. She purchases a bottle of mineral water, a pack of biscuits, a small tube of toothpast
    15·1 answer
  • Suppose Bev's Bags makes two kinds of handbags--large and small. Bev rents an industrial space where she keeps the fabric, the i
    10·1 answer
  • Sam's Pizza is considering a new store location. For accounting purposes, fixed operating costs for a store are $245,000 a year,
    10·1 answer
  • 4. Malik's father recently died. His dad had an insurance
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!