Answer:
$21,370
Explanation:
A composite unit is a set of different products grouped together in proportion to their sales mix. The unit is a basis for grouping products from different segments of an entity together with the aim of managing inventory levels, break even points, and sales.
The selling price of the composite unit can be calculated as follows:
||Bicycle model |No. of bicycles |Unit selling price |Total per composite unit
|Youth models| 5 | 440 | 2,200
|Adult models| 9 | 990 | 8,910
|Recreational models| 6 | 1,140 | <u>10,260</u>
Selling price per composite unit <u>21,370</u>
Explanation:
The computation is shown below:
a. Net purchase
= Purchase - Purchase Returns and Allowances - Purchase Discounts + Freight in
= $330,000 - $8,000 - $6,000 + $12,000
= $328,000
b. The cost of goods available for sale is
= Beginning inventory + purchase
= $50,000 + $328,000
= $378,000
c. The cost of goods sold is
= The cost of goods available for sale - ending inventory
= $378,000 - $80,000
= $298,000
Contract.
A contract is a legally binding agreement that controls the rights and responsibilities of the parties who agree to it.
Answer:
The return for the year is -15.57%.
Explanation:
We have the formula to calculate Return for the year as:
* Return for the year = Dividend yield + Capital Gain/(Loss).
in which:
* Dividend yield is given at 1.5%;
* Capital Gain/(Loss) = Price at year end/ Price at the beginning of the year - 1 = 68/82 -1 = - 17.07%;
So we have:
* Return for the year = Dividend yield + Capital (Loss) = 1.5% - 17.07% = -15.57%.
Thus, the answer is -15.57%.
